Filed: 4/1/2026ACC: 0001442056-26-000004
📋 What this filing means
CONFLUENCE INVESTMENT MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 283 equity positions with a total reported market value of $6.44B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
283
Positions
$6.44B
Total AUM (reported)
78.68M
Total Shares
Allocation by class
COM$6.44B100.0%
Portfolio Concentration
Top 3$511.48M7.9%
4–10$1.04B16.2%
11–25$1.69B26.2%
Rest$3.20B49.7%
Top 3 weight
7.9%
Top 10 weight
24.1%
Voting Authority Distribution
Total shares with voting rights: 78.68M
Sole
Full voting authority
75.08M
shares
% of voting shares95.4%
Shared
Joint voting authority
2.20M
shares
% of voting shares2.8%
None
No voting authority
1.40M
shares
% of voting shares1.8%
Investment Discretion (by position count)
Sole283
Shared0
Other0
Dominant voting typeSole · 95.4% of voting shares
Institutional Holdings283
Rows:
iShares 0-3 Month Treasury Bon
SOLEShares1.75M
TypeSH
Market value$176.51M
2.74%
Sole
1.75M
Shared
0.00
None
5.35K
Analog Devices Inc.
SOLEShares540.64K
TypeSH
Market value$172.00M
2.67%
Sole
539.10K
Shared
0.00
None
1.54K
Lockheed Martin Corp.
SOLEShares269.64K
TypeSH
Market value$162.97M
2.53%
Sole
268.91K
Shared
0.00
None
732.00
Chevron Corp.
SOLEShares772.24K
TypeSH
Market value$159.78M
2.48%
Sole
769.90K
Shared
0.00
None
2.34K
Snap-on Inc.
SOLEShares435.90K
TypeSH
Market value$158.33M
2.46%
Sole
434.63K
Shared
0.00
None
1.26K
Chubb Ltd.
SOLEShares482.04K
TypeSH
Market value$157.11M
2.44%
Sole
480.55K
Shared
0.00
None
1.49K
Hershey Co.
SOLEShares690.35K
TypeSH
Market value$143.52M
2.23%
Sole
688.36K
Shared
0.00
None
1.99K
WEC Energy Group Inc.
SOLEShares1.24M
TypeSH
Market value$143.21M
2.22%
Sole
1.23M
Shared
0.00
None
3.60K
Linde plc
SOLEShares283.07K
TypeSH
Market value$140.34M
2.18%
Sole
282.21K
Shared
0.00
None
861.00
Entergy Corp.
SOLEShares1.23M
TypeSH
Market value$138.12M
2.14%
Sole
1.23M
Shared
0.00
None
3.38K
Fastenal Co.
SOLEShares2.97M
TypeSH
Market value$137.66M
2.14%
Sole
2.96M
Shared
0.00
None
7.51K
Southern Co.
SOLEShares1.42M
TypeSH
Market value$137.24M
2.13%
Sole
1.42M
Shared
0.00
None
3.95K
Mondelez International Inc.
SOLEShares2.11M
TypeSH
Market value$121.79M
1.89%
Sole
2.11M
Shared
0.00
None
5.18K
Gilead Sciences Inc.
SOLEShares861.02K
TypeSH
Market value$120.00M
1.86%
Sole
858.59K
Shared
0.00
None
2.43K
Cisco Systems Inc.
SOLEShares1.54M
TypeSH
Market value$119.56M
1.86%
Sole
1.54M
Shared
0.00
None
4.20K
Kinder Morgan Inc.
SOLEShares3.49M
TypeSH
Market value$116.99M
1.82%
Sole
3.48M
Shared
0.00
None
9.73K
Progressive Corp.
SOLEShares580.26K
TypeSH
Market value$115.03M
1.79%
Sole
578.90K
Shared
0.00
None
1.36K
Honeywell International Inc.
SOLEShares499.86K
TypeSH
Market value$112.98M
1.75%
Sole
498.39K
Shared
0.00
None
1.47K
American Water Works Co. Inc.
SOLEShares809.96K
TypeSH
Market value$110.23M
1.71%
Sole
807.61K
Shared
0.00
None
2.35K
Colgate-Palmolive Co.
SOLEShares1.25M
TypeSH
Market value$106.55M
1.65%
Sole
1.25M
Shared
0.00
None
3.50K
Home Depot Inc.
SOLEShares319.92K
TypeSH
Market value$105.22M
1.63%
Sole
319.05K
Shared
0.00
None
875.00
Diageo plc
SOLEShares1.35M
TypeSH
Market value$100.76M
1.56%
Sole
1.35M
Shared
0.00
None
3.72K
Clorox Co.
SOLEShares932.58K
TypeSH
Market value$96.64M
1.50%
Sole
929.76K
Shared
0.00
None
2.81K
Northern Trust Corp.
SOLEShares680.26K
TypeSH
Market value$94.94M
1.47%
Sole
678.37K
Shared
0.00
None
1.89K
U.S. Bancorp
SOLEShares1.78M
TypeSH
Market value$92.81M
1.44%
Sole
1.78M
Shared
0.00
None
4.94K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
iShares 0-3 Month Treasury BonSOLE | COM | 1.75M | SH | $176.51M 2.74% | 1.75M | 0.00 | 5.35K |
Analog Devices Inc.SOLE | COM | 540.64K | SH | $172.00M 2.67% | 539.10K | 0.00 | 1.54K |
Lockheed Martin Corp.SOLE | COM | 269.64K | SH | $162.97M 2.53% | 268.91K | 0.00 | 732.00 |
Chevron Corp.SOLE | COM | 772.24K | SH | $159.78M 2.48% | 769.90K | 0.00 | 2.34K |
Snap-on Inc.SOLE | COM | 435.90K | SH | $158.33M 2.46% | 434.63K | 0.00 | 1.26K |
Chubb Ltd.SOLE | COM | 482.04K | SH | $157.11M 2.44% | 480.55K | 0.00 | 1.49K |
Hershey Co.SOLE | COM | 690.35K | SH | $143.52M 2.23% | 688.36K | 0.00 | 1.99K |
WEC Energy Group Inc.SOLE | COM | 1.24M | SH | $143.21M 2.22% | 1.23M | 0.00 | 3.60K |
Linde plcSOLE | COM | 283.07K | SH | $140.34M 2.18% | 282.21K | 0.00 | 861.00 |
Entergy Corp.SOLE | COM | 1.23M | SH | $138.12M 2.14% | 1.23M | 0.00 | 3.38K |
Fastenal Co.SOLE | COM | 2.97M | SH | $137.66M 2.14% | 2.96M | 0.00 | 7.51K |
Southern Co.SOLE | COM | 1.42M | SH | $137.24M 2.13% | 1.42M | 0.00 | 3.95K |
Mondelez International Inc.SOLE | COM | 2.11M | SH | $121.79M 1.89% | 2.11M | 0.00 | 5.18K |
Gilead Sciences Inc.SOLE | COM | 861.02K | SH | $120.00M 1.86% | 858.59K | 0.00 | 2.43K |
Cisco Systems Inc.SOLE | COM | 1.54M | SH | $119.56M 1.86% | 1.54M | 0.00 | 4.20K |
Kinder Morgan Inc.SOLE | COM | 3.49M | SH | $116.99M 1.82% | 3.48M | 0.00 | 9.73K |
Progressive Corp.SOLE | COM | 580.26K | SH | $115.03M 1.79% | 578.90K | 0.00 | 1.36K |
Honeywell International Inc.SOLE | COM | 499.86K | SH | $112.98M 1.75% | 498.39K | 0.00 | 1.47K |
American Water Works Co. Inc.SOLE | COM | 809.96K | SH | $110.23M 1.71% | 807.61K | 0.00 | 2.35K |
Colgate-Palmolive Co.SOLE | COM | 1.25M | SH | $106.55M 1.65% | 1.25M | 0.00 | 3.50K |
Home Depot Inc.SOLE | COM | 319.92K | SH | $105.22M 1.63% | 319.05K | 0.00 | 875.00 |
Diageo plcSOLE | COM | 1.35M | SH | $100.76M 1.56% | 1.35M | 0.00 | 3.72K |
Clorox Co.SOLE | COM | 932.58K | SH | $96.64M 1.50% | 929.76K | 0.00 | 2.81K |
Northern Trust Corp.SOLE | COM | 680.26K | SH | $94.94M 1.47% | 678.37K | 0.00 | 1.89K |
U.S. BancorpSOLE | COM | 1.78M | SH | $92.81M 1.44% | 1.78M | 0.00 | 4.94K |
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