Filed: 4/1/2024ACC: 0001636661-24-000005
📋 What this filing means
CONFLUENCE INVESTMENT MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 296 equity positions with a total reported market value of $7.44B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
296
Positions
$7.44B
Total AUM (reported)
98.78M
Total Shares
Allocation by class
COM$7.44B100.0%
Portfolio Concentration
Top 3$559.82M7.5%
4–10$1.13B15.1%
11–25$1.85B24.8%
Rest$3.90B52.5%
Top 3 weight
7.5%
Top 10 weight
22.7%
Voting Authority Distribution
Total shares with voting rights: 98.78M
Sole
Full voting authority
92.34M
shares
% of voting shares93.5%
Shared
Joint voting authority
4.97M
shares
% of voting shares5.0%
None
No voting authority
1.47M
shares
% of voting shares1.5%
Investment Discretion (by position count)
Sole293
Shared0
Other3
Dominant voting typeSole · 93.5% of voting shares
Institutional Holdings296
Rows:
Fastenal Co.
SOLEShares2.53M
TypeSH
Market value$195.46M
2.63%
Sole
2.53M
Shared
0.00
None
7.09K
Progressive Corp.
SOLEShares912.11K
TypeSH
Market value$188.64M
2.54%
Sole
908.76K
Shared
0.00
None
3.35K
Microsoft Corp.
SOLEShares417.65K
TypeSH
Market value$175.72M
2.36%
Sole
416.27K
Shared
0.00
None
1.38K
Snap-on Inc.
SOLEShares585.55K
TypeSH
Market value$173.45M
2.33%
Sole
583.51K
Shared
0.00
None
2.04K
Linde plc
SOLEShares369.59K
TypeSH
Market value$171.61M
2.31%
Sole
368.27K
Shared
0.00
None
1.32K
PepsiCo Inc.
SOLEShares949.90K
TypeSH
Market value$166.24M
2.24%
Sole
947.02K
Shared
0.00
None
2.89K
Chubb Ltd.
SOLEShares640.34K
TypeSH
Market value$165.93M
2.23%
Sole
637.92K
Shared
0.00
None
2.43K
Lockheed Martin Corp.
SOLEShares332.85K
TypeSH
Market value$151.40M
2.04%
Sole
331.69K
Shared
0.00
None
1.16K
Home Depot Inc.
SOLEShares392.40K
TypeSH
Market value$150.52M
2.02%
Sole
391.02K
Shared
0.00
None
1.38K
Paychex Inc.
SOLEShares1.19M
TypeSH
Market value$146.62M
1.97%
Sole
1.19M
Shared
0.00
None
4.12K
Broadridge Financial Solutions
SOLEShares703.08K
TypeSH
Market value$144.03M
1.94%
Sole
700.50K
Shared
0.00
None
2.58K
Analog Devices Inc.
SOLEShares701.75K
TypeSH
Market value$138.80M
1.87%
Sole
699.27K
Shared
0.00
None
2.48K
Clorox Co.
SOLEShares885.84K
TypeSH
Market value$135.63M
1.82%
Sole
882.69K
Shared
0.00
None
3.15K
Fidelity National Financial In
SOLEShares2.55M
TypeSH
Market value$135.35M
1.82%
Sole
2.54M
Shared
0.00
None
9.33K
Colgate-Palmolive Co.
SOLEShares1.45M
TypeSH
Market value$130.62M
1.76%
Sole
1.45M
Shared
0.00
None
5.25K
T. Rowe Price Group Inc.
SOLEShares1.07M
TypeSH
Market value$130.39M
1.75%
Sole
1.07M
Shared
0.00
None
3.84K
Southern Co.
SOLEShares1.79M
TypeSH
Market value$128.41M
1.73%
Sole
1.78M
Shared
0.00
None
6.25K
WEC Energy Group Inc.
SOLEShares1.56M
TypeSH
Market value$127.94M
1.72%
Sole
1.55M
Shared
0.00
None
5.72K
Diageo plc
SOLEShares843.58K
TypeSH
Market value$125.47M
1.69%
Sole
840.85K
Shared
0.00
None
2.73K
Chevron Corp.
SOLEShares784.08K
TypeSH
Market value$123.68M
1.66%
Sole
781.17K
Shared
0.00
None
2.91K
Nestle S.A.
SOLEShares1.05M
TypeSH
Market value$111.10M
1.49%
Sole
1.04M
Shared
0.00
None
3.71K
Polaris Inc.
SOLEShares1.09M
TypeSH
Market value$108.89M
1.46%
Sole
1.08M
Shared
0.00
None
3.89K
Northern Trust Corp.
SOLEShares1.19M
TypeSH
Market value$105.67M
1.42%
Sole
1.18M
Shared
0.00
None
4.20K
Dow Inc.
SOLEShares1.75M
TypeSH
Market value$101.16M
1.36%
Sole
1.74M
Shared
0.00
None
6.43K
United Parcel Service Inc.
SOLEShares673.99K
TypeSH
Market value$100.18M
1.35%
Sole
671.53K
Shared
0.00
None
2.46K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
Fastenal Co.SOLE | COM | 2.53M | SH | $195.46M 2.63% | 2.53M | 0.00 | 7.09K |
Progressive Corp.SOLE | COM | 912.11K | SH | $188.64M 2.54% | 908.76K | 0.00 | 3.35K |
Microsoft Corp.SOLE | COM | 417.65K | SH | $175.72M 2.36% | 416.27K | 0.00 | 1.38K |
Snap-on Inc.SOLE | COM | 585.55K | SH | $173.45M 2.33% | 583.51K | 0.00 | 2.04K |
Linde plcSOLE | COM | 369.59K | SH | $171.61M 2.31% | 368.27K | 0.00 | 1.32K |
PepsiCo Inc.SOLE | COM | 949.90K | SH | $166.24M 2.24% | 947.02K | 0.00 | 2.89K |
Chubb Ltd.SOLE | COM | 640.34K | SH | $165.93M 2.23% | 637.92K | 0.00 | 2.43K |
Lockheed Martin Corp.SOLE | COM | 332.85K | SH | $151.40M 2.04% | 331.69K | 0.00 | 1.16K |
Home Depot Inc.SOLE | COM | 392.40K | SH | $150.52M 2.02% | 391.02K | 0.00 | 1.38K |
Paychex Inc.SOLE | COM | 1.19M | SH | $146.62M 1.97% | 1.19M | 0.00 | 4.12K |
Broadridge Financial SolutionsSOLE | COM | 703.08K | SH | $144.03M 1.94% | 700.50K | 0.00 | 2.58K |
Analog Devices Inc.SOLE | COM | 701.75K | SH | $138.80M 1.87% | 699.27K | 0.00 | 2.48K |
Clorox Co.SOLE | COM | 885.84K | SH | $135.63M 1.82% | 882.69K | 0.00 | 3.15K |
Fidelity National Financial InSOLE | COM | 2.55M | SH | $135.35M 1.82% | 2.54M | 0.00 | 9.33K |
Colgate-Palmolive Co.SOLE | COM | 1.45M | SH | $130.62M 1.76% | 1.45M | 0.00 | 5.25K |
T. Rowe Price Group Inc.SOLE | COM | 1.07M | SH | $130.39M 1.75% | 1.07M | 0.00 | 3.84K |
Southern Co.SOLE | COM | 1.79M | SH | $128.41M 1.73% | 1.78M | 0.00 | 6.25K |
WEC Energy Group Inc.SOLE | COM | 1.56M | SH | $127.94M 1.72% | 1.55M | 0.00 | 5.72K |
Diageo plcSOLE | COM | 843.58K | SH | $125.47M 1.69% | 840.85K | 0.00 | 2.73K |
Chevron Corp.SOLE | COM | 784.08K | SH | $123.68M 1.66% | 781.17K | 0.00 | 2.91K |
Nestle S.A.SOLE | COM | 1.05M | SH | $111.10M 1.49% | 1.04M | 0.00 | 3.71K |
Polaris Inc.SOLE | COM | 1.09M | SH | $108.89M 1.46% | 1.08M | 0.00 | 3.89K |
Northern Trust Corp.SOLE | COM | 1.19M | SH | $105.67M 1.42% | 1.18M | 0.00 | 4.20K |
Dow Inc.SOLE | COM | 1.75M | SH | $101.16M 1.36% | 1.74M | 0.00 | 6.43K |
United Parcel Service Inc.SOLE | COM | 673.99K | SH | $100.18M 1.35% | 671.53K | 0.00 | 2.46K |
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