Filed: 7/1/2024ACC: 0001636661-24-000007
📋 What this filing means
CONFLUENCE INVESTMENT MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 299 equity positions with a total reported market value of $6.93B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
299
Positions
$6.93B
Total AUM (reported)
94.54M
Total Shares
Allocation by class
COM$6.93B100.0%
Portfolio Concentration
Top 3$499.55M7.2%
4–10$1.01B14.6%
11–25$1.76B25.4%
Rest$3.66B52.9%
Top 3 weight
7.2%
Top 10 weight
21.8%
Voting Authority Distribution
Total shares with voting rights: 94.54M
Sole
Full voting authority
88.47M
shares
% of voting shares93.6%
Shared
Joint voting authority
4.61M
shares
% of voting shares4.9%
None
No voting authority
1.47M
shares
% of voting shares1.6%
Investment Discretion (by position count)
Sole296
Shared0
Other3
Dominant voting typeSole · 93.6% of voting shares
Institutional Holdings299
Rows:
Progressive Corp.
SOLEShares937.11K
TypeSH
Market value$194.65M
2.81%
Sole
933.70K
Shared
0.00
None
3.42K
Chubb Ltd.
SOLEShares602.01K
TypeSH
Market value$153.56M
2.22%
Sole
599.60K
Shared
0.00
None
2.41K
Analog Devices Inc.
SOLEShares663.01K
TypeSH
Market value$151.34M
2.18%
Sole
660.55K
Shared
0.00
None
2.46K
PepsiCo Inc.
SOLEShares914.97K
TypeSH
Market value$150.91M
2.18%
Sole
912.09K
Shared
0.00
None
2.88K
Linde plc
SOLEShares343.02K
TypeSH
Market value$150.52M
2.17%
Sole
341.71K
Shared
0.00
None
1.31K
Lockheed Martin Corp.
SOLEShares319.09K
TypeSH
Market value$149.05M
2.15%
Sole
317.93K
Shared
0.00
None
1.16K
Snap-on Inc.
SOLEShares552.77K
TypeSH
Market value$144.49M
2.09%
Sole
550.74K
Shared
0.00
None
2.03K
Microsoft Corp.
SOLEShares322.31K
TypeSH
Market value$144.06M
2.08%
Sole
321.12K
Shared
0.00
None
1.19K
iShares 0-3 Month Treasury Bon
SOLEShares1.35M
TypeSH
Market value$135.88M
1.96%
Sole
1.34M
Shared
0.00
None
4.90K
Paychex Inc.
SOLEShares1.14M
TypeSH
Market value$134.72M
1.94%
Sole
1.13M
Shared
0.00
None
4.11K
Colgate-Palmolive Co.
SOLEShares1.38M
TypeSH
Market value$133.81M
1.93%
Sole
1.37M
Shared
0.00
None
5.22K
Southern Co.
SOLEShares1.71M
TypeSH
Market value$132.30M
1.91%
Sole
1.70M
Shared
0.00
None
6.20K
Hershey Co.
SOLEShares717.83K
TypeSH
Market value$131.96M
1.90%
Sole
715.10K
Shared
0.00
None
2.73K
Home Depot Inc.
SOLEShares375.43K
TypeSH
Market value$129.24M
1.87%
Sole
374.05K
Shared
0.00
None
1.38K
Broadridge Financial Solutions
SOLEShares653.03K
TypeSH
Market value$128.65M
1.86%
Sole
650.46K
Shared
0.00
None
2.57K
WEC Energy Group Inc.
SOLEShares1.53M
TypeSH
Market value$120.33M
1.74%
Sole
1.53M
Shared
0.00
None
5.77K
Clorox Co.
SOLEShares881.60K
TypeSH
Market value$120.31M
1.74%
Sole
878.32K
Shared
0.00
None
3.28K
Fidelity National Financial In
SOLEShares2.39M
TypeSH
Market value$118.09M
1.70%
Sole
2.38M
Shared
0.00
None
9.29K
Chevron Corp.
SOLEShares753.18K
TypeSH
Market value$117.81M
1.70%
Sole
750.28K
Shared
0.00
None
2.91K
Diageo plc
SOLEShares931.74K
TypeSH
Market value$117.47M
1.70%
Sole
928.75K
Shared
0.00
None
2.99K
T. Rowe Price Group Inc.
SOLEShares999.21K
TypeSH
Market value$115.22M
1.66%
Sole
995.37K
Shared
0.00
None
3.83K
Fastenal Co.
SOLEShares1.73M
TypeSH
Market value$108.93M
1.57%
Sole
1.73M
Shared
0.00
None
5.78K
Northern Trust Corp.
SOLEShares1.16M
TypeSH
Market value$97.21M
1.40%
Sole
1.15M
Shared
0.00
None
4.22K
TJX Cos. Inc.
SOLEShares870.80K
TypeSH
Market value$95.87M
1.38%
Sole
868.78K
Shared
0.00
None
2.01K
Kinder Morgan Inc.
SOLEShares4.55M
TypeSH
Market value$90.35M
1.30%
Sole
4.53M
Shared
0.00
None
17.21K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
Progressive Corp.SOLE | COM | 937.11K | SH | $194.65M 2.81% | 933.70K | 0.00 | 3.42K |
Chubb Ltd.SOLE | COM | 602.01K | SH | $153.56M 2.22% | 599.60K | 0.00 | 2.41K |
Analog Devices Inc.SOLE | COM | 663.01K | SH | $151.34M 2.18% | 660.55K | 0.00 | 2.46K |
PepsiCo Inc.SOLE | COM | 914.97K | SH | $150.91M 2.18% | 912.09K | 0.00 | 2.88K |
Linde plcSOLE | COM | 343.02K | SH | $150.52M 2.17% | 341.71K | 0.00 | 1.31K |
Lockheed Martin Corp.SOLE | COM | 319.09K | SH | $149.05M 2.15% | 317.93K | 0.00 | 1.16K |
Snap-on Inc.SOLE | COM | 552.77K | SH | $144.49M 2.09% | 550.74K | 0.00 | 2.03K |
Microsoft Corp.SOLE | COM | 322.31K | SH | $144.06M 2.08% | 321.12K | 0.00 | 1.19K |
iShares 0-3 Month Treasury BonSOLE | COM | 1.35M | SH | $135.88M 1.96% | 1.34M | 0.00 | 4.90K |
Paychex Inc.SOLE | COM | 1.14M | SH | $134.72M 1.94% | 1.13M | 0.00 | 4.11K |
Colgate-Palmolive Co.SOLE | COM | 1.38M | SH | $133.81M 1.93% | 1.37M | 0.00 | 5.22K |
Southern Co.SOLE | COM | 1.71M | SH | $132.30M 1.91% | 1.70M | 0.00 | 6.20K |
Hershey Co.SOLE | COM | 717.83K | SH | $131.96M 1.90% | 715.10K | 0.00 | 2.73K |
Home Depot Inc.SOLE | COM | 375.43K | SH | $129.24M 1.87% | 374.05K | 0.00 | 1.38K |
Broadridge Financial SolutionsSOLE | COM | 653.03K | SH | $128.65M 1.86% | 650.46K | 0.00 | 2.57K |
WEC Energy Group Inc.SOLE | COM | 1.53M | SH | $120.33M 1.74% | 1.53M | 0.00 | 5.77K |
Clorox Co.SOLE | COM | 881.60K | SH | $120.31M 1.74% | 878.32K | 0.00 | 3.28K |
Fidelity National Financial InSOLE | COM | 2.39M | SH | $118.09M 1.70% | 2.38M | 0.00 | 9.29K |
Chevron Corp.SOLE | COM | 753.18K | SH | $117.81M 1.70% | 750.28K | 0.00 | 2.91K |
Diageo plcSOLE | COM | 931.74K | SH | $117.47M 1.70% | 928.75K | 0.00 | 2.99K |
T. Rowe Price Group Inc.SOLE | COM | 999.21K | SH | $115.22M 1.66% | 995.37K | 0.00 | 3.83K |
Fastenal Co.SOLE | COM | 1.73M | SH | $108.93M 1.57% | 1.73M | 0.00 | 5.78K |
Northern Trust Corp.SOLE | COM | 1.16M | SH | $97.21M 1.40% | 1.15M | 0.00 | 4.22K |
TJX Cos. Inc.SOLE | COM | 870.80K | SH | $95.87M 1.38% | 868.78K | 0.00 | 2.01K |
Kinder Morgan Inc.SOLE | COM | 4.55M | SH | $90.35M 1.30% | 4.53M | 0.00 | 17.21K |
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