Filed: 4/4/2023ACC: 0001636661-23-000003
📋 What this filing means
CONFLUENCE INVESTMENT MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 301 equity positions with a total reported market value of $6.79B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
301
Positions
$6.79B
Total AUM (reported)
108.41M
Total Shares
Allocation by class
COM$6.79B100.0%
Portfolio Concentration
Top 3$529.53M7.8%
4–10$1.08B15.9%
11–25$1.78B26.2%
Rest$3.40B50.1%
Top 3 weight
7.8%
Top 10 weight
23.7%
Voting Authority Distribution
Total shares with voting rights: 108.41M
Sole
Full voting authority
102.04M
shares
% of voting shares94.1%
Shared
Joint voting authority
5.06M
shares
% of voting shares4.7%
None
No voting authority
1.31M
shares
% of voting shares1.2%
Investment Discretion (by position count)
Sole299
Shared0
Other2
Dominant voting typeSole · 94.1% of voting shares
Institutional Holdings301
Rows:
PepsiCo Inc.
SOLEShares1.01M
TypeSH
Market value$184.97M
2.72%
Sole
1.01M
Shared
0.00
None
5.70K
Progressive Corp.
SOLEShares1.24M
TypeSH
Market value$177.94M
2.62%
Sole
1.24M
Shared
0.00
None
8.51K
Analog Devices Inc.
SOLEShares844.82K
TypeSH
Market value$166.62M
2.45%
Sole
839.16K
Shared
0.00
None
5.66K
Snap-on Inc.
SOLEShares648.02K
TypeSH
Market value$159.99M
2.36%
Sole
643.86K
Shared
0.00
None
4.16K
Lockheed Martin Corp.
SOLEShares335.85K
TypeSH
Market value$158.77M
2.34%
Sole
333.49K
Shared
0.00
None
2.37K
Diageo plc
SOLEShares870.33K
TypeSH
Market value$157.69M
2.32%
Sole
864.93K
Shared
0.00
None
5.40K
Microsoft Corp.
SOLEShares539.63K
TypeSH
Market value$155.58M
2.29%
Sole
536.05K
Shared
0.00
None
3.58K
Linde plc
SOLEShares429.06K
TypeSH
Market value$152.50M
2.25%
Sole
426.27K
Shared
0.00
None
2.79K
Fastenal Co.
SOLEShares2.79M
TypeSH
Market value$150.59M
2.22%
Sole
2.78M
Shared
0.00
None
14.96K
Paychex Inc.
SOLEShares1.27M
TypeSH
Market value$146.06M
2.15%
Sole
1.27M
Shared
0.00
None
8.29K
Chubb Ltd.
SOLEShares691.29K
TypeSH
Market value$134.23M
1.98%
Sole
686.19K
Shared
0.00
None
5.10K
Nestle S.A.
SOLEShares1.09M
TypeSH
Market value$133.34M
1.96%
Sole
1.09M
Shared
0.00
None
7.28K
Chevron Corp.
SOLEShares816.47K
TypeSH
Market value$133.21M
1.96%
Sole
811.20K
Shared
0.00
None
5.26K
Southern Co.
SOLEShares1.88M
TypeSH
Market value$131.02M
1.93%
Sole
1.87M
Shared
0.00
None
12.87K
T. Rowe Price Group Inc.
SOLEShares1.12M
TypeSH
Market value$126.19M
1.86%
Sole
1.11M
Shared
0.00
None
7.64K
Polaris Inc.
SOLEShares1.13M
TypeSH
Market value$124.52M
1.83%
Sole
1.12M
Shared
0.00
None
8.11K
Home Depot Inc.
SOLEShares416.17K
TypeSH
Market value$122.82M
1.81%
Sole
413.48K
Shared
0.00
None
2.69K
Brookfield Infrastructure Corp
SOLEShares2.60M
TypeSH
Market value$119.92M
1.77%
Sole
2.59M
Shared
0.00
None
18.20K
Broadridge Financial Solutions
SOLEShares816.95K
TypeSH
Market value$119.74M
1.76%
Sole
811.50K
Shared
0.00
None
5.44K
Colgate-Palmolive Co.
SOLEShares1.51M
TypeSH
Market value$113.18M
1.67%
Sole
1.50M
Shared
0.00
None
10.81K
Gilead Sciences Inc.
SOLEShares1.33M
TypeSH
Market value$110.34M
1.63%
Sole
1.32M
Shared
0.00
None
9.13K
Cisco Systems Inc.
SOLEShares2.02M
TypeSH
Market value$105.73M
1.56%
Sole
2.01M
Shared
0.00
None
13.54K
Northern Trust Corp.
SOLEShares1.18M
TypeSH
Market value$103.76M
1.53%
Sole
1.17M
Shared
0.00
None
7.89K
Dow Inc.
SOLEShares1.81M
TypeSH
Market value$99.16M
1.46%
Sole
1.80M
Shared
0.00
None
12.49K
Rayonier Inc.
SOLEShares2.95M
TypeSH
Market value$98.26M
1.45%
Sole
2.92M
Shared
9.65K
None
20.45K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
PepsiCo Inc.SOLE | COM | 1.01M | SH | $184.97M 2.72% | 1.01M | 0.00 | 5.70K |
Progressive Corp.SOLE | COM | 1.24M | SH | $177.94M 2.62% | 1.24M | 0.00 | 8.51K |
Analog Devices Inc.SOLE | COM | 844.82K | SH | $166.62M 2.45% | 839.16K | 0.00 | 5.66K |
Snap-on Inc.SOLE | COM | 648.02K | SH | $159.99M 2.36% | 643.86K | 0.00 | 4.16K |
Lockheed Martin Corp.SOLE | COM | 335.85K | SH | $158.77M 2.34% | 333.49K | 0.00 | 2.37K |
Diageo plcSOLE | COM | 870.33K | SH | $157.69M 2.32% | 864.93K | 0.00 | 5.40K |
Microsoft Corp.SOLE | COM | 539.63K | SH | $155.58M 2.29% | 536.05K | 0.00 | 3.58K |
Linde plcSOLE | COM | 429.06K | SH | $152.50M 2.25% | 426.27K | 0.00 | 2.79K |
Fastenal Co.SOLE | COM | 2.79M | SH | $150.59M 2.22% | 2.78M | 0.00 | 14.96K |
Paychex Inc.SOLE | COM | 1.27M | SH | $146.06M 2.15% | 1.27M | 0.00 | 8.29K |
Chubb Ltd.SOLE | COM | 691.29K | SH | $134.23M 1.98% | 686.19K | 0.00 | 5.10K |
Nestle S.A.SOLE | COM | 1.09M | SH | $133.34M 1.96% | 1.09M | 0.00 | 7.28K |
Chevron Corp.SOLE | COM | 816.47K | SH | $133.21M 1.96% | 811.20K | 0.00 | 5.26K |
Southern Co.SOLE | COM | 1.88M | SH | $131.02M 1.93% | 1.87M | 0.00 | 12.87K |
T. Rowe Price Group Inc.SOLE | COM | 1.12M | SH | $126.19M 1.86% | 1.11M | 0.00 | 7.64K |
Polaris Inc.SOLE | COM | 1.13M | SH | $124.52M 1.83% | 1.12M | 0.00 | 8.11K |
Home Depot Inc.SOLE | COM | 416.17K | SH | $122.82M 1.81% | 413.48K | 0.00 | 2.69K |
Brookfield Infrastructure CorpSOLE | COM | 2.60M | SH | $119.92M 1.77% | 2.59M | 0.00 | 18.20K |
Broadridge Financial SolutionsSOLE | COM | 816.95K | SH | $119.74M 1.76% | 811.50K | 0.00 | 5.44K |
Colgate-Palmolive Co.SOLE | COM | 1.51M | SH | $113.18M 1.67% | 1.50M | 0.00 | 10.81K |
Gilead Sciences Inc.SOLE | COM | 1.33M | SH | $110.34M 1.63% | 1.32M | 0.00 | 9.13K |
Cisco Systems Inc.SOLE | COM | 2.02M | SH | $105.73M 1.56% | 2.01M | 0.00 | 13.54K |
Northern Trust Corp.SOLE | COM | 1.18M | SH | $103.76M 1.53% | 1.17M | 0.00 | 7.89K |
Dow Inc.SOLE | COM | 1.81M | SH | $99.16M 1.46% | 1.80M | 0.00 | 12.49K |
Rayonier Inc.SOLE | COM | 2.95M | SH | $98.26M 1.45% | 2.92M | 9.65K | 20.45K |
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