Filed: 10/1/2026ACC: 0001442056-26-000011
📋 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 $5.97B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
294
Positions
$5.97B
Total AUM (reported)
74.88M
Total Shares
Allocation by class
COM$5.97B100.0%
MFUND$18.7K0.0%
Portfolio Concentration
Top 3$502.29M8.4%
4–10$840.42M14.1%
11–25$1.53B25.6%
Rest$3.09B51.9%
Top 3 weight
8.4%
Top 10 weight
22.5%
Voting Authority Distribution
Total shares with voting rights: 74.88M
Sole
Full voting authority
71.10M
shares
% of voting shares95.0%
Shared
Joint voting authority
2.34M
shares
% of voting shares3.1%
None
No voting authority
1.44M
shares
% of voting shares1.9%
Investment Discretion (by position count)
Sole293
Shared0
Other1
Dominant voting typeSole · 95.0% of voting shares
Institutional Holdings294
Rows:
iShares 0-3 Month Treasury Bon
SOLEShares2.15M
TypeSH
Market value$216.72M
3.63%
Sole
2.14M
Shared
0.00
None
7.68K
Chevron Corp.
SOLEShares707.30K
TypeSH
Market value$144.44M
2.42%
Sole
705K
Shared
0.00
None
2.30K
Chubb Ltd.
SOLEShares433.93K
TypeSH
Market value$141.13M
2.37%
Sole
432.45K
Shared
0.00
None
1.47K
Zoetis Inc.
SOLEShares1.86M
TypeSH
Market value$130.17M
2.18%
Sole
1.86M
Shared
0.00
None
5.55K
Lockheed Martin Corp.
SOLEShares246.63K
TypeSH
Market value$125.60M
2.10%
Sole
245.91K
Shared
0.00
None
720.00
Linde plc
SOLEShares258.36K
TypeSH
Market value$122.63M
2.05%
Sole
257.51K
Shared
0.00
None
851.00
Gilead Sciences Inc.
SOLEShares791.30K
TypeSH
Market value$117.94M
1.98%
Sole
788.92K
Shared
0.00
None
2.37K
Stanley Black & Decker Inc.
SOLEShares1.30M
TypeSH
Market value$115.39M
1.93%
Sole
1.30M
Shared
0.00
None
4.10K
WEC Energy Group Inc.
SOLEShares1.14M
TypeSH
Market value$115.02M
1.93%
Sole
1.14M
Shared
0.00
None
3.58K
Mondelez International Inc.
SOLEShares1.97M
TypeSH
Market value$113.67M
1.90%
Sole
1.96M
Shared
0.00
None
5.18K
Analog Devices Inc.
SOLEShares282.27K
TypeSH
Market value$111.98M
1.88%
Sole
281.41K
Shared
0.00
None
856.00
Progressive Corp.
SOLEShares537.47K
TypeSH
Market value$111.42M
1.87%
Sole
536.12K
Shared
0.00
None
1.35K
Entergy Corp.
SOLEShares1.11M
TypeSH
Market value$110.60M
1.85%
Sole
1.11M
Shared
0.00
None
3.33K
Snap-on Inc.
SOLEShares302.74K
TypeSH
Market value$110.00M
1.84%
Sole
301.82K
Shared
0.00
None
925.00
Southern Co.
SOLEShares1.32M
TypeSH
Market value$109.01M
1.83%
Sole
1.31M
Shared
0.00
None
3.92K
Northern Trust Corp.
SOLEShares629.51K
TypeSH
Market value$106.61M
1.79%
Sole
627.63K
Shared
0.00
None
1.88K
Colgate-Palmolive Co.
SOLEShares1.16M
TypeSH
Market value$99.08M
1.66%
Sole
1.16M
Shared
0.00
None
3.48K
Hershey Co.
SOLEShares624.89K
TypeSH
Market value$98.49M
1.65%
Sole
622.93K
Shared
0.00
None
1.96K
Kinder Morgan Inc.
SOLEShares3.26M
TypeSH
Market value$98.40M
1.65%
Sole
3.25M
Shared
0.00
None
9.73K
Watsco Inc.
SOLEShares320.43K
TypeSH
Market value$96.99M
1.63%
Sole
319.42K
Shared
0.00
None
1.01K
U.S. Bancorp
SOLEShares1.68M
TypeSH
Market value$96.97M
1.62%
Sole
1.67M
Shared
0.00
None
4.94K
American Water Works Co. Inc.
SOLEShares745.41K
TypeSH
Market value$96.51M
1.62%
Sole
743.07K
Shared
0.00
None
2.34K
NIKE Inc.
SOLEShares2.72M
TypeSH
Market value$96.31M
1.61%
Sole
2.71M
Shared
0.00
None
8.40K
Clorox Co.
SOLEShares1.17M
TypeSH
Market value$94.82M
1.59%
Sole
1.17M
Shared
0.00
None
3.65K
T. Rowe Price Group Inc.
SOLEShares894.85K
TypeSH
Market value$93.11M
1.56%
Sole
892.07K
Shared
0.00
None
2.78K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
iShares 0-3 Month Treasury BonSOLE | COM | 2.15M | SH | $216.72M 3.63% | 2.14M | 0.00 | 7.68K |
Chevron Corp.SOLE | COM | 707.30K | SH | $144.44M 2.42% | 705K | 0.00 | 2.30K |
Chubb Ltd.SOLE | COM | 433.93K | SH | $141.13M 2.37% | 432.45K | 0.00 | 1.47K |
Zoetis Inc.SOLE | COM | 1.86M | SH | $130.17M 2.18% | 1.86M | 0.00 | 5.55K |
Lockheed Martin Corp.SOLE | COM | 246.63K | SH | $125.60M 2.10% | 245.91K | 0.00 | 720.00 |
Linde plcSOLE | COM | 258.36K | SH | $122.63M 2.05% | 257.51K | 0.00 | 851.00 |
Gilead Sciences Inc.SOLE | COM | 791.30K | SH | $117.94M 1.98% | 788.92K | 0.00 | 2.37K |
Stanley Black & Decker Inc.SOLE | COM | 1.30M | SH | $115.39M 1.93% | 1.30M | 0.00 | 4.10K |
WEC Energy Group Inc.SOLE | COM | 1.14M | SH | $115.02M 1.93% | 1.14M | 0.00 | 3.58K |
Mondelez International Inc.SOLE | COM | 1.97M | SH | $113.67M 1.90% | 1.96M | 0.00 | 5.18K |
Analog Devices Inc.SOLE | COM | 282.27K | SH | $111.98M 1.88% | 281.41K | 0.00 | 856.00 |
Progressive Corp.SOLE | COM | 537.47K | SH | $111.42M 1.87% | 536.12K | 0.00 | 1.35K |
Entergy Corp.SOLE | COM | 1.11M | SH | $110.60M 1.85% | 1.11M | 0.00 | 3.33K |
Snap-on Inc.SOLE | COM | 302.74K | SH | $110.00M 1.84% | 301.82K | 0.00 | 925.00 |
Southern Co.SOLE | COM | 1.32M | SH | $109.01M 1.83% | 1.31M | 0.00 | 3.92K |
Northern Trust Corp.SOLE | COM | 629.51K | SH | $106.61M 1.79% | 627.63K | 0.00 | 1.88K |
Colgate-Palmolive Co.SOLE | COM | 1.16M | SH | $99.08M 1.66% | 1.16M | 0.00 | 3.48K |
Hershey Co.SOLE | COM | 624.89K | SH | $98.49M 1.65% | 622.93K | 0.00 | 1.96K |
Kinder Morgan Inc.SOLE | COM | 3.26M | SH | $98.40M 1.65% | 3.25M | 0.00 | 9.73K |
Watsco Inc.SOLE | COM | 320.43K | SH | $96.99M 1.63% | 319.42K | 0.00 | 1.01K |
U.S. BancorpSOLE | COM | 1.68M | SH | $96.97M 1.62% | 1.67M | 0.00 | 4.94K |
American Water Works Co. Inc.SOLE | COM | 745.41K | SH | $96.51M 1.62% | 743.07K | 0.00 | 2.34K |
NIKE Inc.SOLE | COM | 2.72M | SH | $96.31M 1.61% | 2.71M | 0.00 | 8.40K |
Clorox Co.SOLE | COM | 1.17M | SH | $94.82M 1.59% | 1.17M | 0.00 | 3.65K |
T. Rowe Price Group Inc.SOLE | COM | 894.85K | SH | $93.11M 1.56% | 892.07K | 0.00 | 2.78K |
Page 1 of 12
…