Filed: 10/14/2025ACC: 0001442056-25-000002
📋 What this filing means
CONFLUENCE INVESTMENT MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 294 equity positions with a total reported market value of $7.01B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
294
Positions
$7.01B
Total AUM (reported)
85.57M
Total Shares
Allocation by class
COM$7.01B100.0%
Portfolio Concentration
Top 3$591.73M8.4%
4–10$1.06B15.1%
11–25$1.91B27.2%
Rest$3.45B49.3%
Top 3 weight
8.4%
Top 10 weight
23.5%
Voting Authority Distribution
Total shares with voting rights: 85.57M
Sole
Full voting authority
81.31M
shares
% of voting shares95.0%
Shared
Joint voting authority
2.83M
shares
% of voting shares3.3%
None
No voting authority
1.43M
shares
% of voting shares1.7%
Investment Discretion (by position count)
Sole294
Shared0
Other0
Dominant voting typeSole · 95.0% of voting shares
Institutional Holdings294
Rows:
iShares 0-3 Month Treasury Bon
SOLEShares2.60M
TypeSH
Market value$261.82M
3.74%
Sole
2.59M
Shared
0.00
None
8.75K
Snap-on Inc.
SOLEShares492.18K
TypeSH
Market value$170.56M
2.43%
Sole
490.66K
Shared
0.00
None
1.52K
WEC Energy Group Inc.
SOLEShares1.39M
TypeSH
Market value$159.36M
2.27%
Sole
1.39M
Shared
0.00
None
4.42K
Fastenal Co.
SOLEShares3.21M
TypeSH
Market value$157.66M
2.25%
Sole
3.21M
Shared
0.00
None
8.97K
Northern Trust Corp.
SOLEShares1.16M
TypeSH
Market value$155.79M
2.22%
Sole
1.15M
Shared
0.00
None
3.59K
Chubb Ltd.
SOLEShares538.66K
TypeSH
Market value$152.04M
2.17%
Sole
536.84K
Shared
0.00
None
1.82K
Analog Devices Inc.
SOLEShares613.56K
TypeSH
Market value$150.75M
2.15%
Sole
611.68K
Shared
0.00
None
1.88K
Lockheed Martin Corp.
SOLEShares297.17K
TypeSH
Market value$148.35M
2.12%
Sole
296.28K
Shared
0.00
None
894.00
Linde plc
SOLEShares309.81K
TypeSH
Market value$147.16M
2.10%
Sole
308.76K
Shared
0.00
None
1.05K
Southern Co.
SOLEShares1.55M
TypeSH
Market value$146.84M
2.09%
Sole
1.54M
Shared
0.00
None
4.77K
Hershey Co.
SOLEShares755.13K
TypeSH
Market value$141.25M
2.02%
Sole
752.70K
Shared
0.00
None
2.44K
Home Depot Inc.
SOLEShares345.30K
TypeSH
Market value$139.91M
2.00%
Sole
344.25K
Shared
0.00
None
1.05K
Broadridge Financial Solutions
SOLEShares583.91K
TypeSH
Market value$139.07M
1.98%
Sole
581.93K
Shared
0.00
None
1.98K
Mondelez International Inc.
SOLEShares2.22M
TypeSH
Market value$138.93M
1.98%
Sole
2.22M
Shared
0.00
None
6.27K
Progressive Corp.
SOLEShares554.27K
TypeSH
Market value$136.88M
1.95%
Sole
552.69K
Shared
0.00
None
1.58K
Paychex Inc.
SOLEShares1.03M
TypeSH
Market value$130.22M
1.86%
Sole
1.02M
Shared
0.00
None
3.20K
Diageo plc
SOLEShares1.36M
TypeSH
Market value$130.12M
1.86%
Sole
1.36M
Shared
0.00
None
4.08K
Fidelity National Financial In
SOLEShares2.14M
TypeSH
Market value$129.39M
1.85%
Sole
2.13M
Shared
0.00
None
7.04K
Chevron Corp.
SOLEShares832.90K
TypeSH
Market value$129.34M
1.85%
Sole
830.13K
Shared
0.00
None
2.77K
Entergy Corp.
SOLEShares1.35M
TypeSH
Market value$126.03M
1.80%
Sole
1.35M
Shared
0.00
None
4.24K
American Water Works Co. Inc.
SOLEShares861.83K
TypeSH
Market value$119.96M
1.71%
Sole
859.08K
Shared
0.00
None
2.75K
Cisco Systems Inc.
SOLEShares1.71M
TypeSH
Market value$116.84M
1.67%
Sole
1.70M
Shared
0.00
None
5.29K
Clorox Co.
SOLEShares931.09K
TypeSH
Market value$114.80M
1.64%
Sole
928.09K
Shared
0.00
None
3K
Kinder Morgan Inc.
SOLEShares3.79M
TypeSH
Market value$107.40M
1.53%
Sole
3.78M
Shared
0.00
None
12.02K
Gilead Sciences Inc.
SOLEShares952.95K
TypeSH
Market value$105.78M
1.51%
Sole
949.94K
Shared
0.00
None
3.01K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
iShares 0-3 Month Treasury BonSOLE | COM | 2.60M | SH | $261.82M 3.74% | 2.59M | 0.00 | 8.75K |
Snap-on Inc.SOLE | COM | 492.18K | SH | $170.56M 2.43% | 490.66K | 0.00 | 1.52K |
WEC Energy Group Inc.SOLE | COM | 1.39M | SH | $159.36M 2.27% | 1.39M | 0.00 | 4.42K |
Fastenal Co.SOLE | COM | 3.21M | SH | $157.66M 2.25% | 3.21M | 0.00 | 8.97K |
Northern Trust Corp.SOLE | COM | 1.16M | SH | $155.79M 2.22% | 1.15M | 0.00 | 3.59K |
Chubb Ltd.SOLE | COM | 538.66K | SH | $152.04M 2.17% | 536.84K | 0.00 | 1.82K |
Analog Devices Inc.SOLE | COM | 613.56K | SH | $150.75M 2.15% | 611.68K | 0.00 | 1.88K |
Lockheed Martin Corp.SOLE | COM | 297.17K | SH | $148.35M 2.12% | 296.28K | 0.00 | 894.00 |
Linde plcSOLE | COM | 309.81K | SH | $147.16M 2.10% | 308.76K | 0.00 | 1.05K |
Southern Co.SOLE | COM | 1.55M | SH | $146.84M 2.09% | 1.54M | 0.00 | 4.77K |
Hershey Co.SOLE | COM | 755.13K | SH | $141.25M 2.02% | 752.70K | 0.00 | 2.44K |
Home Depot Inc.SOLE | COM | 345.30K | SH | $139.91M 2.00% | 344.25K | 0.00 | 1.05K |
Broadridge Financial SolutionsSOLE | COM | 583.91K | SH | $139.07M 1.98% | 581.93K | 0.00 | 1.98K |
Mondelez International Inc.SOLE | COM | 2.22M | SH | $138.93M 1.98% | 2.22M | 0.00 | 6.27K |
Progressive Corp.SOLE | COM | 554.27K | SH | $136.88M 1.95% | 552.69K | 0.00 | 1.58K |
Paychex Inc.SOLE | COM | 1.03M | SH | $130.22M 1.86% | 1.02M | 0.00 | 3.20K |
Diageo plcSOLE | COM | 1.36M | SH | $130.12M 1.86% | 1.36M | 0.00 | 4.08K |
Fidelity National Financial InSOLE | COM | 2.14M | SH | $129.39M 1.85% | 2.13M | 0.00 | 7.04K |
Chevron Corp.SOLE | COM | 832.90K | SH | $129.34M 1.85% | 830.13K | 0.00 | 2.77K |
Entergy Corp.SOLE | COM | 1.35M | SH | $126.03M 1.80% | 1.35M | 0.00 | 4.24K |
American Water Works Co. Inc.SOLE | COM | 861.83K | SH | $119.96M 1.71% | 859.08K | 0.00 | 2.75K |
Cisco Systems Inc.SOLE | COM | 1.71M | SH | $116.84M 1.67% | 1.70M | 0.00 | 5.29K |
Clorox Co.SOLE | COM | 931.09K | SH | $114.80M 1.64% | 928.09K | 0.00 | 3K |
Kinder Morgan Inc.SOLE | COM | 3.79M | SH | $107.40M 1.53% | 3.78M | 0.00 | 12.02K |
Gilead Sciences Inc.SOLE | COM | 952.95K | SH | $105.78M 1.51% | 949.94K | 0.00 | 3.01K |
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