Filed: 10/10/2023ACC: 0001636661-23-000005
📋 What this filing means
CONFLUENCE INVESTMENT MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 290 equity positions with a total reported market value of $6.46B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
290
Positions
$6.46B
Total AUM (reported)
103.82M
Total Shares
Allocation by class
COM$6.46B100.0%
Portfolio Concentration
Top 3$503.08M7.8%
4–10$1.02B15.8%
11–25$1.68B25.9%
Rest$3.26B50.4%
Top 3 weight
7.8%
Top 10 weight
23.6%
Voting Authority Distribution
Total shares with voting rights: 103.82M
Sole
Full voting authority
97.53M
shares
% of voting shares93.9%
Shared
Joint voting authority
4.93M
shares
% of voting shares4.8%
None
No voting authority
1.37M
shares
% of voting shares1.3%
Investment Discretion (by position count)
Sole289
Shared0
Other1
Dominant voting typeSole · 93.9% of voting shares
Institutional Holdings290
Rows:
Progressive Corp.
SOLEShares1.26M
TypeSH
Market value$176.06M
2.72%
Sole
1.26M
Shared
0.00
None
4.25K
PepsiCo Inc.
SOLEShares978.42K
TypeSH
Market value$165.78M
2.57%
Sole
975.41K
Shared
0.00
None
3.01K
Microsoft Corp.
SOLEShares510.66K
TypeSH
Market value$161.24M
2.50%
Sole
509K
Shared
0.00
None
1.66K
Snap-on Inc.
SOLEShares624.02K
TypeSH
Market value$159.16M
2.46%
Sole
621.81K
Shared
0.00
None
2.21K
Linde plc
SOLEShares405.89K
TypeSH
Market value$151.13M
2.34%
Sole
404.44K
Shared
0.00
None
1.45K
Fastenal Co.
SOLEShares2.69M
TypeSH
Market value$147.08M
2.28%
Sole
2.68M
Shared
0.00
None
7.17K
Paychex Inc.
SOLEShares1.25M
TypeSH
Market value$143.71M
2.22%
Sole
1.24M
Shared
0.00
None
4.35K
Chubb Ltd.
SOLEShares677.54K
TypeSH
Market value$141.05M
2.18%
Sole
675K
Shared
0.00
None
2.54K
Lockheed Martin Corp.
SOLEShares344.37K
TypeSH
Market value$140.83M
2.18%
Sole
343.15K
Shared
0.00
None
1.22K
Broadridge Financial Solutions
SOLEShares783.86K
TypeSH
Market value$140.35M
2.17%
Sole
781.06K
Shared
0.00
None
2.80K
Chevron Corp.
SOLEShares801.08K
TypeSH
Market value$135.08M
2.09%
Sole
798.04K
Shared
0.00
None
3.05K
Analog Devices Inc.
SOLEShares726.49K
TypeSH
Market value$127.20M
1.97%
Sole
723.87K
Shared
0.00
None
2.62K
Diageo plc
SOLEShares849.22K
TypeSH
Market value$126.69M
1.96%
Sole
846.51K
Shared
0.00
None
2.71K
Home Depot Inc.
SOLEShares408.65K
TypeSH
Market value$123.48M
1.91%
Sole
407.19K
Shared
0.00
None
1.47K
Nestle S.A.
SOLEShares1.07M
TypeSH
Market value$121.25M
1.88%
Sole
1.07M
Shared
0.00
None
3.92K
Southern Co.
SOLEShares1.85M
TypeSH
Market value$119.49M
1.85%
Sole
1.84M
Shared
0.00
None
6.54K
T. Rowe Price Group Inc.
SOLEShares1.10M
TypeSH
Market value$115.10M
1.78%
Sole
1.09M
Shared
0.00
None
3.95K
Polaris Inc.
SOLEShares1.10M
TypeSH
Market value$114.50M
1.77%
Sole
1.10M
Shared
0.00
None
3.99K
Fidelity National Financial In
SOLEShares2.69M
TypeSH
Market value$111.17M
1.72%
Sole
2.68M
Shared
0.00
None
9.39K
Cisco Systems Inc.
SOLEShares1.98M
TypeSH
Market value$106.18M
1.64%
Sole
1.97M
Shared
0.00
None
6.85K
Colgate-Palmolive Co.
SOLEShares1.49M
TypeSH
Market value$105.78M
1.64%
Sole
1.48M
Shared
0.00
None
5.51K
Gilead Sciences Inc.
SOLEShares1.30M
TypeSH
Market value$97.11M
1.50%
Sole
1.29M
Shared
0.00
None
4.76K
Dow Inc.
SOLEShares1.78M
TypeSH
Market value$91.87M
1.42%
Sole
1.78M
Shared
0.00
None
6.29K
Digital Realty Trust Inc.
SOLEShares757.12K
TypeSH
Market value$91.63M
1.42%
Sole
754.43K
Shared
0.00
None
2.69K
Brookfield Infrastructure Corp
SOLEShares2.53M
TypeSH
Market value$89.35M
1.38%
Sole
2.52M
Shared
0.00
None
9.04K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
Progressive Corp.SOLE | COM | 1.26M | SH | $176.06M 2.72% | 1.26M | 0.00 | 4.25K |
PepsiCo Inc.SOLE | COM | 978.42K | SH | $165.78M 2.57% | 975.41K | 0.00 | 3.01K |
Microsoft Corp.SOLE | COM | 510.66K | SH | $161.24M 2.50% | 509K | 0.00 | 1.66K |
Snap-on Inc.SOLE | COM | 624.02K | SH | $159.16M 2.46% | 621.81K | 0.00 | 2.21K |
Linde plcSOLE | COM | 405.89K | SH | $151.13M 2.34% | 404.44K | 0.00 | 1.45K |
Fastenal Co.SOLE | COM | 2.69M | SH | $147.08M 2.28% | 2.68M | 0.00 | 7.17K |
Paychex Inc.SOLE | COM | 1.25M | SH | $143.71M 2.22% | 1.24M | 0.00 | 4.35K |
Chubb Ltd.SOLE | COM | 677.54K | SH | $141.05M 2.18% | 675K | 0.00 | 2.54K |
Lockheed Martin Corp.SOLE | COM | 344.37K | SH | $140.83M 2.18% | 343.15K | 0.00 | 1.22K |
Broadridge Financial SolutionsSOLE | COM | 783.86K | SH | $140.35M 2.17% | 781.06K | 0.00 | 2.80K |
Chevron Corp.SOLE | COM | 801.08K | SH | $135.08M 2.09% | 798.04K | 0.00 | 3.05K |
Analog Devices Inc.SOLE | COM | 726.49K | SH | $127.20M 1.97% | 723.87K | 0.00 | 2.62K |
Diageo plcSOLE | COM | 849.22K | SH | $126.69M 1.96% | 846.51K | 0.00 | 2.71K |
Home Depot Inc.SOLE | COM | 408.65K | SH | $123.48M 1.91% | 407.19K | 0.00 | 1.47K |
Nestle S.A.SOLE | COM | 1.07M | SH | $121.25M 1.88% | 1.07M | 0.00 | 3.92K |
Southern Co.SOLE | COM | 1.85M | SH | $119.49M 1.85% | 1.84M | 0.00 | 6.54K |
T. Rowe Price Group Inc.SOLE | COM | 1.10M | SH | $115.10M 1.78% | 1.09M | 0.00 | 3.95K |
Polaris Inc.SOLE | COM | 1.10M | SH | $114.50M 1.77% | 1.10M | 0.00 | 3.99K |
Fidelity National Financial InSOLE | COM | 2.69M | SH | $111.17M 1.72% | 2.68M | 0.00 | 9.39K |
Cisco Systems Inc.SOLE | COM | 1.98M | SH | $106.18M 1.64% | 1.97M | 0.00 | 6.85K |
Colgate-Palmolive Co.SOLE | COM | 1.49M | SH | $105.78M 1.64% | 1.48M | 0.00 | 5.51K |
Gilead Sciences Inc.SOLE | COM | 1.30M | SH | $97.11M 1.50% | 1.29M | 0.00 | 4.76K |
Dow Inc.SOLE | COM | 1.78M | SH | $91.87M 1.42% | 1.78M | 0.00 | 6.29K |
Digital Realty Trust Inc.SOLE | COM | 757.12K | SH | $91.63M 1.42% | 754.43K | 0.00 | 2.69K |
Brookfield Infrastructure CorpSOLE | COM | 2.53M | SH | $89.35M 1.38% | 2.52M | 0.00 | 9.04K |
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