Filed: 1/5/2026ACC: 0001442056-26-000002
📋 What this filing means
CONFLUENCE INVESTMENT MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 296 equity positions with a total reported market value of $6.67B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
296
Positions
$6.67B
Total AUM (reported)
80.02M
Total Shares
Allocation by class
COM$6.67B100.0%
Portfolio Concentration
Top 3$531.14M8.0%
4–10$980.20M14.7%
11–25$1.71B25.7%
Rest$3.45B51.7%
Top 3 weight
8.0%
Top 10 weight
22.6%
Voting Authority Distribution
Total shares with voting rights: 80.02M
Sole
Full voting authority
76.02M
shares
% of voting shares95.0%
Shared
Joint voting authority
2.59M
shares
% of voting shares3.2%
None
No voting authority
1.42M
shares
% of voting shares1.8%
Investment Discretion (by position count)
Sole295
Shared0
Other1
Dominant voting typeSole · 95.0% of voting shares
Institutional Holdings296
Rows:
iShares 0-3 Month Treasury Bon
SOLEShares2.09M
TypeSH
Market value$209.92M
3.15%
Sole
2.08M
Shared
0.00
None
7.59K
Snap-on Inc.
SOLEShares469.31K
TypeSH
Market value$161.72M
2.42%
Sole
467.87K
Shared
0.00
None
1.44K
Chubb Ltd.
SOLEShares511.02K
TypeSH
Market value$159.50M
2.39%
Sole
509.29K
Shared
0.00
None
1.73K
Analog Devices Inc.
SOLEShares585.88K
TypeSH
Market value$158.89M
2.38%
Sole
584.09K
Shared
0.00
None
1.79K
Northern Trust Corp.
SOLEShares1.10M
TypeSH
Market value$150.67M
2.26%
Sole
1.10M
Shared
0.00
None
3.41K
WEC Energy Group Inc.
SOLEShares1.33M
TypeSH
Market value$139.99M
2.10%
Sole
1.32M
Shared
0.00
None
4.20K
Lockheed Martin Corp.
SOLEShares285.23K
TypeSH
Market value$137.96M
2.07%
Sole
284.37K
Shared
0.00
None
855.00
Progressive Corp.
SOLEShares597.86K
TypeSH
Market value$136.14M
2.04%
Sole
596.29K
Shared
0.00
None
1.56K
Southern Co.
SOLEShares1.49M
TypeSH
Market value$129.54M
1.94%
Sole
1.48M
Shared
0.00
None
4.55K
Hershey Co.
SOLEShares697.91K
TypeSH
Market value$127.01M
1.90%
Sole
695.59K
Shared
0.00
None
2.33K
Linde plc
SOLEShares297.32K
TypeSH
Market value$126.78M
1.90%
Sole
296.32K
Shared
0.00
None
1K
Cisco Systems Inc.
SOLEShares1.62M
TypeSH
Market value$124.64M
1.87%
Sole
1.61M
Shared
0.00
None
4.96K
Broadridge Financial Solutions
SOLEShares556.51K
TypeSH
Market value$124.20M
1.86%
Sole
554.65K
Shared
0.00
None
1.87K
Fastenal Co.
SOLEShares3.09M
TypeSH
Market value$124.13M
1.86%
Sole
3.08M
Shared
0.00
None
8.55K
Chevron Corp.
SOLEShares801.45K
TypeSH
Market value$122.15M
1.83%
Sole
798.80K
Shared
0.00
None
2.65K
iShares Russell 1000 Value ETF
SOLEShares568.61K
TypeSH
Market value$119.60M
1.79%
Sole
568.55K
Shared
0.00
None
54.00
Entergy Corp.
SOLEShares1.29M
TypeSH
Market value$119.03M
1.78%
Sole
1.28M
Shared
0.00
None
3.97K
Home Depot Inc.
SOLEShares331.75K
TypeSH
Market value$114.16M
1.71%
Sole
330.76K
Shared
0.00
None
999.00
Gilead Sciences Inc.
SOLEShares909.84K
TypeSH
Market value$111.67M
1.67%
Sole
906.99K
Shared
0.00
None
2.85K
Fidelity National Financial In
SOLEShares2.04M
TypeSH
Market value$111.41M
1.67%
Sole
2.03M
Shared
0.00
None
6.67K
Paychex Inc.
SOLEShares987.26K
TypeSH
Market value$110.75M
1.66%
Sole
984.21K
Shared
0.00
None
3.05K
American Water Works Co. Inc.
SOLEShares792.99K
TypeSH
Market value$103.49M
1.55%
Sole
790.30K
Shared
0.00
None
2.69K
Colgate-Palmolive Co.
SOLEShares1.29M
TypeSH
Market value$101.67M
1.52%
Sole
1.28M
Shared
0.00
None
3.99K
Honeywell International Inc.
SOLEShares517.17K
TypeSH
Market value$100.89M
1.51%
Sole
515.46K
Shared
0.00
None
1.71K
Kinder Morgan Inc.
SOLEShares3.64M
TypeSH
Market value$99.98M
1.50%
Sole
3.63M
Shared
0.00
None
11.34K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
iShares 0-3 Month Treasury BonSOLE | COM | 2.09M | SH | $209.92M 3.15% | 2.08M | 0.00 | 7.59K |
Snap-on Inc.SOLE | COM | 469.31K | SH | $161.72M 2.42% | 467.87K | 0.00 | 1.44K |
Chubb Ltd.SOLE | COM | 511.02K | SH | $159.50M 2.39% | 509.29K | 0.00 | 1.73K |
Analog Devices Inc.SOLE | COM | 585.88K | SH | $158.89M 2.38% | 584.09K | 0.00 | 1.79K |
Northern Trust Corp.SOLE | COM | 1.10M | SH | $150.67M 2.26% | 1.10M | 0.00 | 3.41K |
WEC Energy Group Inc.SOLE | COM | 1.33M | SH | $139.99M 2.10% | 1.32M | 0.00 | 4.20K |
Lockheed Martin Corp.SOLE | COM | 285.23K | SH | $137.96M 2.07% | 284.37K | 0.00 | 855.00 |
Progressive Corp.SOLE | COM | 597.86K | SH | $136.14M 2.04% | 596.29K | 0.00 | 1.56K |
Southern Co.SOLE | COM | 1.49M | SH | $129.54M 1.94% | 1.48M | 0.00 | 4.55K |
Hershey Co.SOLE | COM | 697.91K | SH | $127.01M 1.90% | 695.59K | 0.00 | 2.33K |
Linde plcSOLE | COM | 297.32K | SH | $126.78M 1.90% | 296.32K | 0.00 | 1K |
Cisco Systems Inc.SOLE | COM | 1.62M | SH | $124.64M 1.87% | 1.61M | 0.00 | 4.96K |
Broadridge Financial SolutionsSOLE | COM | 556.51K | SH | $124.20M 1.86% | 554.65K | 0.00 | 1.87K |
Fastenal Co.SOLE | COM | 3.09M | SH | $124.13M 1.86% | 3.08M | 0.00 | 8.55K |
Chevron Corp.SOLE | COM | 801.45K | SH | $122.15M 1.83% | 798.80K | 0.00 | 2.65K |
iShares Russell 1000 Value ETFSOLE | COM | 568.61K | SH | $119.60M 1.79% | 568.55K | 0.00 | 54.00 |
Entergy Corp.SOLE | COM | 1.29M | SH | $119.03M 1.78% | 1.28M | 0.00 | 3.97K |
Home Depot Inc.SOLE | COM | 331.75K | SH | $114.16M 1.71% | 330.76K | 0.00 | 999.00 |
Gilead Sciences Inc.SOLE | COM | 909.84K | SH | $111.67M 1.67% | 906.99K | 0.00 | 2.85K |
Fidelity National Financial InSOLE | COM | 2.04M | SH | $111.41M 1.67% | 2.03M | 0.00 | 6.67K |
Paychex Inc.SOLE | COM | 987.26K | SH | $110.75M 1.66% | 984.21K | 0.00 | 3.05K |
American Water Works Co. Inc.SOLE | COM | 792.99K | SH | $103.49M 1.55% | 790.30K | 0.00 | 2.69K |
Colgate-Palmolive Co.SOLE | COM | 1.29M | SH | $101.67M 1.52% | 1.28M | 0.00 | 3.99K |
Honeywell International Inc.SOLE | COM | 517.17K | SH | $100.89M 1.51% | 515.46K | 0.00 | 1.71K |
Kinder Morgan Inc.SOLE | COM | 3.64M | SH | $99.98M 1.50% | 3.63M | 0.00 | 11.34K |
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