Filed: 1/4/2023ACC: 0001636661-23-000002
📋 What this filing means
CONFLUENCE INVESTMENT MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 305 equity positions with a total reported market value of $6.70M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
305
Positions
$6.70M
Total AUM (reported)
109.11M
Total Shares
Allocation by class
COM$6.70M100.0%
Portfolio Concentration
Top 3$518.5K7.7%
4–10$1.04M15.5%
11–25$1.74M26.0%
Rest$3.40M50.8%
Top 3 weight
7.7%
Top 10 weight
23.2%
Voting Authority Distribution
Total shares with voting rights: 109.11M
Sole
Full voting authority
102.73M
shares
% of voting shares94.2%
Shared
Joint voting authority
5.34M
shares
% of voting shares4.9%
None
No voting authority
1.04M
shares
% of voting shares1.0%
Investment Discretion (by position count)
Sole304
Shared0
Other1
Dominant voting typeSole · 94.2% of voting shares
Institutional Holdings305
Rows:
PepsiCo Inc.
SOLEShares1.03M
TypeSH
Market value$186.5K
2.78%
Sole
1.03M
Shared
0.00
None
5.95K
Progressive Corp.
SOLEShares1.29M
TypeSH
Market value$167.5K
2.50%
Sole
1.28M
Shared
0.00
None
8.48K
Lockheed Martin Corp.
SOLEShares338.15K
TypeSH
Market value$164.5K
2.45%
Sole
335.80K
Shared
0.00
None
2.35K
Diageo plc
SOLEShares881.69K
TypeSH
Market value$157.1K
2.34%
Sole
876.08K
Shared
0.00
None
5.60K
Chubb Ltd.
SOLEShares699.17K
TypeSH
Market value$154.2K
2.30%
Sole
694.10K
Shared
0.00
None
5.07K
Snap-on Inc.
SOLEShares655.68K
TypeSH
Market value$149.8K
2.24%
Sole
651.54K
Shared
0.00
None
4.13K
Paychex Inc.
SOLEShares1.28M
TypeSH
Market value$147.9K
2.21%
Sole
1.27M
Shared
0.00
None
8.21K
Chevron Corp.
SOLEShares820.64K
TypeSH
Market value$147.3K
2.20%
Sole
815.42K
Shared
0.00
None
5.22K
Linde plc
SOLEShares432.74K
TypeSH
Market value$141.2K
2.11%
Sole
429.97K
Shared
0.00
None
2.77K
Analog Devices Inc.
SOLEShares853.92K
TypeSH
Market value$140.1K
2.09%
Sole
848.29K
Shared
0.00
None
5.63K
Fastenal Co.
SOLEShares2.85M
TypeSH
Market value$134.9K
2.01%
Sole
2.83M
Shared
0.00
None
15.93K
Southern Co.
SOLEShares1.88M
TypeSH
Market value$134.5K
2.01%
Sole
1.87M
Shared
0.00
None
12.72K
Home Depot Inc.
SOLEShares416.19K
TypeSH
Market value$131.5K
1.96%
Sole
413.54K
Shared
0.00
None
2.65K
Microsoft Corp.
SOLEShares537.18K
TypeSH
Market value$128.8K
1.92%
Sole
533.70K
Shared
0.00
None
3.48K
Nestle S.A.
SOLEShares1.09M
TypeSH
Market value$126.1K
1.88%
Sole
1.09M
Shared
0.00
None
7.10K
T. Rowe Price Group Inc.
SOLEShares1.11M
TypeSH
Market value$121.1K
1.81%
Sole
1.10M
Shared
0.00
None
7.56K
Colgate-Palmolive Co.
SOLEShares1.50M
TypeSH
Market value$118.0K
1.76%
Sole
1.49M
Shared
0.00
None
10.50K
Gilead Sciences Inc.
SOLEShares1.35M
TypeSH
Market value$115.6K
1.72%
Sole
1.34M
Shared
0.00
None
9.06K
Polaris Inc.
SOLEShares1.12M
TypeSH
Market value$113.4K
1.69%
Sole
1.11M
Shared
0.00
None
8.05K
Broadridge Financial Solutions
SOLEShares816.72K
TypeSH
Market value$109.5K
1.63%
Sole
811.36K
Shared
0.00
None
5.36K
Fidelity National Financial In
SOLEShares2.76M
TypeSH
Market value$103.7K
1.55%
Sole
2.74M
Shared
0.00
None
20.33K
Northern Trust Corp.
SOLEShares1.16M
TypeSH
Market value$102.7K
1.53%
Sole
1.15M
Shared
0.00
None
7.66K
Entergy Corp.
SOLEShares899.48K
TypeSH
Market value$101.2K
1.51%
Sole
892.72K
Shared
0.00
None
6.76K
Brookfield Infrastructure Corp
SOLEShares2.59M
TypeSH
Market value$100.7K
1.50%
Sole
2.57M
Shared
0.00
None
18.01K
Kinder Morgan Inc.
SOLEShares5.54M
TypeSH
Market value$100.1K
1.49%
Sole
5.50M
Shared
0.00
None
33.73K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
PepsiCo Inc.SOLE | COM | 1.03M | SH | $186.5K 2.78% | 1.03M | 0.00 | 5.95K |
Progressive Corp.SOLE | COM | 1.29M | SH | $167.5K 2.50% | 1.28M | 0.00 | 8.48K |
Lockheed Martin Corp.SOLE | COM | 338.15K | SH | $164.5K 2.45% | 335.80K | 0.00 | 2.35K |
Diageo plcSOLE | COM | 881.69K | SH | $157.1K 2.34% | 876.08K | 0.00 | 5.60K |
Chubb Ltd.SOLE | COM | 699.17K | SH | $154.2K 2.30% | 694.10K | 0.00 | 5.07K |
Snap-on Inc.SOLE | COM | 655.68K | SH | $149.8K 2.24% | 651.54K | 0.00 | 4.13K |
Paychex Inc.SOLE | COM | 1.28M | SH | $147.9K 2.21% | 1.27M | 0.00 | 8.21K |
Chevron Corp.SOLE | COM | 820.64K | SH | $147.3K 2.20% | 815.42K | 0.00 | 5.22K |
Linde plcSOLE | COM | 432.74K | SH | $141.2K 2.11% | 429.97K | 0.00 | 2.77K |
Analog Devices Inc.SOLE | COM | 853.92K | SH | $140.1K 2.09% | 848.29K | 0.00 | 5.63K |
Fastenal Co.SOLE | COM | 2.85M | SH | $134.9K 2.01% | 2.83M | 0.00 | 15.93K |
Southern Co.SOLE | COM | 1.88M | SH | $134.5K 2.01% | 1.87M | 0.00 | 12.72K |
Home Depot Inc.SOLE | COM | 416.19K | SH | $131.5K 1.96% | 413.54K | 0.00 | 2.65K |
Microsoft Corp.SOLE | COM | 537.18K | SH | $128.8K 1.92% | 533.70K | 0.00 | 3.48K |
Nestle S.A.SOLE | COM | 1.09M | SH | $126.1K 1.88% | 1.09M | 0.00 | 7.10K |
T. Rowe Price Group Inc.SOLE | COM | 1.11M | SH | $121.1K 1.81% | 1.10M | 0.00 | 7.56K |
Colgate-Palmolive Co.SOLE | COM | 1.50M | SH | $118.0K 1.76% | 1.49M | 0.00 | 10.50K |
Gilead Sciences Inc.SOLE | COM | 1.35M | SH | $115.6K 1.72% | 1.34M | 0.00 | 9.06K |
Polaris Inc.SOLE | COM | 1.12M | SH | $113.4K 1.69% | 1.11M | 0.00 | 8.05K |
Broadridge Financial SolutionsSOLE | COM | 816.72K | SH | $109.5K 1.63% | 811.36K | 0.00 | 5.36K |
Fidelity National Financial InSOLE | COM | 2.76M | SH | $103.7K 1.55% | 2.74M | 0.00 | 20.33K |
Northern Trust Corp.SOLE | COM | 1.16M | SH | $102.7K 1.53% | 1.15M | 0.00 | 7.66K |
Entergy Corp.SOLE | COM | 899.48K | SH | $101.2K 1.51% | 892.72K | 0.00 | 6.76K |
Brookfield Infrastructure CorpSOLE | COM | 2.59M | SH | $100.7K 1.50% | 2.57M | 0.00 | 18.01K |
Kinder Morgan Inc.SOLE | COM | 5.54M | SH | $100.1K 1.49% | 5.50M | 0.00 | 33.73K |
Page 1 of 13
…