Filed: 7/3/2023ACC: 0001636661-23-000004
📋 What this filing means
CONFLUENCE INVESTMENT MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 298 equity positions with a total reported market value of $6.86B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
298
Positions
$6.86B
Total AUM (reported)
105.87M
Total Shares
Allocation by class
COM$6.86B100.0%
Portfolio Concentration
Top 3$547.36M8.0%
4–10$1.09B15.8%
11–25$1.77B25.7%
Rest$3.46B50.5%
Top 3 weight
8.0%
Top 10 weight
23.8%
Voting Authority Distribution
Total shares with voting rights: 105.87M
Sole
Full voting authority
99.34M
shares
% of voting shares93.8%
Shared
Joint voting authority
5.02M
shares
% of voting shares4.7%
None
No voting authority
1.51M
shares
% of voting shares1.4%
Investment Discretion (by position count)
Sole296
Shared0
Other2
Dominant voting typeSole · 93.8% of voting shares
Institutional Holdings298
Rows:
PepsiCo Inc.
SOLEShares993.46K
TypeSH
Market value$184.01M
2.68%
Sole
987.87K
Shared
0.00
None
5.59K
Snap-on Inc.
SOLEShares635.58K
TypeSH
Market value$183.17M
2.67%
Sole
631.46K
Shared
0.00
None
4.13K
Microsoft Corp.
SOLEShares529.11K
TypeSH
Market value$180.18M
2.62%
Sole
525.57K
Shared
0.00
None
3.54K
Analog Devices Inc.
SOLEShares830.86K
TypeSH
Market value$161.86M
2.36%
Sole
825.25K
Shared
0.00
None
5.61K
Fastenal Co.
SOLEShares2.74M
TypeSH
Market value$161.66M
2.36%
Sole
2.73M
Shared
0.00
None
14.96K
Progressive Corp.
SOLEShares1.22M
TypeSH
Market value$160.99M
2.35%
Sole
1.21M
Shared
0.00
None
8.44K
Linde plc
SOLEShares416.57K
TypeSH
Market value$158.75M
2.31%
Sole
413.82K
Shared
0.00
None
2.75K
Lockheed Martin Corp.
SOLEShares331.04K
TypeSH
Market value$152.40M
2.22%
Sole
328.68K
Shared
0.00
None
2.35K
Diageo plc
SOLEShares856.65K
TypeSH
Market value$148.61M
2.16%
Sole
851.27K
Shared
0.00
None
5.38K
Paychex Inc.
SOLEShares1.26M
TypeSH
Market value$141.10M
2.06%
Sole
1.25M
Shared
0.00
None
8.25K
Polaris Inc.
SOLEShares1.11M
TypeSH
Market value$134.79M
1.96%
Sole
1.11M
Shared
0.00
None
8.07K
Broadridge Financial Solutions
SOLEShares802.34K
TypeSH
Market value$132.89M
1.94%
Sole
796.95K
Shared
0.00
None
5.40K
Chubb Ltd.
SOLEShares684.02K
TypeSH
Market value$131.72M
1.92%
Sole
678.95K
Shared
0.00
None
5.08K
Southern Co.
SOLEShares1.86M
TypeSH
Market value$130.73M
1.90%
Sole
1.85M
Shared
0.00
None
12.80K
Nestle S.A.
SOLEShares1.08M
TypeSH
Market value$129.89M
1.89%
Sole
1.07M
Shared
0.00
None
7.23K
Home Depot Inc.
SOLEShares412.60K
TypeSH
Market value$128.17M
1.87%
Sole
409.93K
Shared
0.00
None
2.67K
Chevron Corp.
SOLEShares808K
TypeSH
Market value$127.14M
1.85%
Sole
802.76K
Shared
0.00
None
5.23K
T. Rowe Price Group Inc.
SOLEShares1.11M
TypeSH
Market value$124.17M
1.81%
Sole
1.10M
Shared
0.00
None
7.60K
Brookfield Infrastructure Corp
SOLEShares2.56M
TypeSH
Market value$116.53M
1.70%
Sole
2.54M
Shared
0.00
None
18.06K
Colgate-Palmolive Co.
SOLEShares1.49M
TypeSH
Market value$115.08M
1.68%
Sole
1.48M
Shared
0.00
None
10.75K
Cisco Systems Inc.
SOLEShares2M
TypeSH
Market value$103.33M
1.51%
Sole
1.98M
Shared
0.00
None
13.43K
Gilead Sciences Inc.
SOLEShares1.31M
TypeSH
Market value$100.85M
1.47%
Sole
1.30M
Shared
0.00
None
9.05K
Weyerhaeuser Co.
SOLEShares2.93M
TypeSH
Market value$98.27M
1.43%
Sole
2.91M
Shared
0.00
None
21.59K
Fidelity National Financial In
SOLEShares2.72M
TypeSH
Market value$97.95M
1.43%
Sole
2.70M
Shared
0.00
None
20.41K
Dow Inc.
SOLEShares1.79M
TypeSH
Market value$95.34M
1.39%
Sole
1.78M
Shared
0.00
None
12.45K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
PepsiCo Inc.SOLE | COM | 993.46K | SH | $184.01M 2.68% | 987.87K | 0.00 | 5.59K |
Snap-on Inc.SOLE | COM | 635.58K | SH | $183.17M 2.67% | 631.46K | 0.00 | 4.13K |
Microsoft Corp.SOLE | COM | 529.11K | SH | $180.18M 2.62% | 525.57K | 0.00 | 3.54K |
Analog Devices Inc.SOLE | COM | 830.86K | SH | $161.86M 2.36% | 825.25K | 0.00 | 5.61K |
Fastenal Co.SOLE | COM | 2.74M | SH | $161.66M 2.36% | 2.73M | 0.00 | 14.96K |
Progressive Corp.SOLE | COM | 1.22M | SH | $160.99M 2.35% | 1.21M | 0.00 | 8.44K |
Linde plcSOLE | COM | 416.57K | SH | $158.75M 2.31% | 413.82K | 0.00 | 2.75K |
Lockheed Martin Corp.SOLE | COM | 331.04K | SH | $152.40M 2.22% | 328.68K | 0.00 | 2.35K |
Diageo plcSOLE | COM | 856.65K | SH | $148.61M 2.16% | 851.27K | 0.00 | 5.38K |
Paychex Inc.SOLE | COM | 1.26M | SH | $141.10M 2.06% | 1.25M | 0.00 | 8.25K |
Polaris Inc.SOLE | COM | 1.11M | SH | $134.79M 1.96% | 1.11M | 0.00 | 8.07K |
Broadridge Financial SolutionsSOLE | COM | 802.34K | SH | $132.89M 1.94% | 796.95K | 0.00 | 5.40K |
Chubb Ltd.SOLE | COM | 684.02K | SH | $131.72M 1.92% | 678.95K | 0.00 | 5.08K |
Southern Co.SOLE | COM | 1.86M | SH | $130.73M 1.90% | 1.85M | 0.00 | 12.80K |
Nestle S.A.SOLE | COM | 1.08M | SH | $129.89M 1.89% | 1.07M | 0.00 | 7.23K |
Home Depot Inc.SOLE | COM | 412.60K | SH | $128.17M 1.87% | 409.93K | 0.00 | 2.67K |
Chevron Corp.SOLE | COM | 808K | SH | $127.14M 1.85% | 802.76K | 0.00 | 5.23K |
T. Rowe Price Group Inc.SOLE | COM | 1.11M | SH | $124.17M 1.81% | 1.10M | 0.00 | 7.60K |
Brookfield Infrastructure CorpSOLE | COM | 2.56M | SH | $116.53M 1.70% | 2.54M | 0.00 | 18.06K |
Colgate-Palmolive Co.SOLE | COM | 1.49M | SH | $115.08M 1.68% | 1.48M | 0.00 | 10.75K |
Cisco Systems Inc.SOLE | COM | 2M | SH | $103.33M 1.51% | 1.98M | 0.00 | 13.43K |
Gilead Sciences Inc.SOLE | COM | 1.31M | SH | $100.85M 1.47% | 1.30M | 0.00 | 9.05K |
Weyerhaeuser Co.SOLE | COM | 2.93M | SH | $98.27M 1.43% | 2.91M | 0.00 | 21.59K |
Fidelity National Financial InSOLE | COM | 2.72M | SH | $97.95M 1.43% | 2.70M | 0.00 | 20.41K |
Dow Inc.SOLE | COM | 1.79M | SH | $95.34M 1.39% | 1.78M | 0.00 | 12.45K |
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