Filed: 1/2/2025ACC: 0001636661-25-000002
📋 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 $7.21B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
299
Positions
$7.21B
Total AUM (reported)
93.46M
Total Shares
Allocation by class
COM$7.21B100.0%
MFUND$101.2K0.0%
Portfolio Concentration
Top 3$547.52M7.6%
4–10$1.02B14.2%
11–25$1.89B26.2%
Rest$3.75B52.1%
Top 3 weight
7.6%
Top 10 weight
21.8%
Voting Authority Distribution
Total shares with voting rights: 93.46M
Sole
Full voting authority
87.47M
shares
% of voting shares93.6%
Shared
Joint voting authority
4.52M
shares
% of voting shares4.8%
None
No voting authority
1.47M
shares
% of voting shares1.6%
Investment Discretion (by position count)
Sole297
Shared0
Other2
Dominant voting typeSole · 93.6% of voting shares
Institutional Holdings299
Rows:
Progressive Corp.
SOLEShares869.43K
TypeSH
Market value$208.33M
2.89%
Sole
866.23K
Shared
0.00
None
3.20K
Snap-on Inc.
SOLEShares530.45K
TypeSH
Market value$180.08M
2.50%
Sole
528.50K
Shared
0.00
None
1.94K
Chubb Ltd.
SOLEShares575.88K
TypeSH
Market value$159.12M
2.21%
Sole
573.57K
Shared
0.00
None
2.31K
Paychex Inc.
SOLEShares1.10M
TypeSH
Market value$154.56M
2.14%
Sole
1.10M
Shared
0.00
None
3.98K
Lockheed Martin Corp.
SOLEShares308.10K
TypeSH
Market value$149.72M
2.08%
Sole
306.98K
Shared
0.00
None
1.12K
Diageo plc
SOLEShares1.18M
TypeSH
Market value$149.56M
2.07%
Sole
1.17M
Shared
0.00
None
3.87K
Broadridge Financial Solutions
SOLEShares632.22K
TypeSH
Market value$142.94M
1.98%
Sole
629.69K
Shared
0.00
None
2.52K
iShares 0-3 Month Treasury Bon
SOLEShares1.42M
TypeSH
Market value$142.66M
1.98%
Sole
1.42M
Shared
0.00
None
4.65K
Home Depot Inc.
SOLEShares363.62K
TypeSH
Market value$141.44M
1.96%
Sole
362.29K
Shared
0.00
None
1.32K
WEC Energy Group Inc.
SOLEShares1.49M
TypeSH
Market value$140.12M
1.94%
Sole
1.48M
Shared
0.00
None
5.60K
Clorox Co.
SOLEShares860.39K
TypeSH
Market value$139.74M
1.94%
Sole
857.24K
Shared
0.00
None
3.15K
Linde plc
SOLEShares333.20K
TypeSH
Market value$139.50M
1.94%
Sole
331.88K
Shared
0.00
None
1.32K
Analog Devices Inc.
SOLEShares643.99K
TypeSH
Market value$136.82M
1.90%
Sole
641.62K
Shared
0.00
None
2.37K
PepsiCo Inc.
SOLEShares897.17K
TypeSH
Market value$136.42M
1.89%
Sole
894.35K
Shared
0.00
None
2.82K
Southern Co.
SOLEShares1.65M
TypeSH
Market value$135.70M
1.88%
Sole
1.64M
Shared
0.00
None
6K
Microsoft Corp.
SOLEShares315.44K
TypeSH
Market value$132.96M
1.84%
Sole
314.29K
Shared
0.00
None
1.15K
Fidelity National Financial In
SOLEShares2.28M
TypeSH
Market value$128.11M
1.78%
Sole
2.27M
Shared
0.00
None
9.10K
Fastenal Co.
SOLEShares1.70M
TypeSH
Market value$122.15M
1.69%
Sole
1.69M
Shared
0.00
None
5.68K
Colgate-Palmolive Co.
SOLEShares1.34M
TypeSH
Market value$121.91M
1.69%
Sole
1.34M
Shared
0.00
None
5.06K
Entergy Corp.
SOLEShares1.61M
TypeSH
Market value$121.86M
1.69%
Sole
1.60M
Shared
0.00
None
6.27K
Kinder Morgan Inc.
SOLEShares4.39M
TypeSH
Market value$120.31M
1.67%
Sole
4.37M
Shared
0.00
None
16.92K
Northern Trust Corp.
SOLEShares1.14M
TypeSH
Market value$116.86M
1.62%
Sole
1.14M
Shared
0.00
None
4.08K
Hershey Co.
SOLEShares682.03K
TypeSH
Market value$115.50M
1.60%
Sole
679.38K
Shared
0.00
None
2.65K
T. Rowe Price Group Inc.
SOLEShares986.52K
TypeSH
Market value$111.57M
1.55%
Sole
982.75K
Shared
0.00
None
3.77K
Gilead Sciences Inc.
SOLEShares1.18M
TypeSH
Market value$108.71M
1.51%
Sole
1.17M
Shared
0.00
None
4.68K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
Progressive Corp.SOLE | COM | 869.43K | SH | $208.33M 2.89% | 866.23K | 0.00 | 3.20K |
Snap-on Inc.SOLE | COM | 530.45K | SH | $180.08M 2.50% | 528.50K | 0.00 | 1.94K |
Chubb Ltd.SOLE | COM | 575.88K | SH | $159.12M 2.21% | 573.57K | 0.00 | 2.31K |
Paychex Inc.SOLE | COM | 1.10M | SH | $154.56M 2.14% | 1.10M | 0.00 | 3.98K |
Lockheed Martin Corp.SOLE | COM | 308.10K | SH | $149.72M 2.08% | 306.98K | 0.00 | 1.12K |
Diageo plcSOLE | COM | 1.18M | SH | $149.56M 2.07% | 1.17M | 0.00 | 3.87K |
Broadridge Financial SolutionsSOLE | COM | 632.22K | SH | $142.94M 1.98% | 629.69K | 0.00 | 2.52K |
iShares 0-3 Month Treasury BonSOLE | COM | 1.42M | SH | $142.66M 1.98% | 1.42M | 0.00 | 4.65K |
Home Depot Inc.SOLE | COM | 363.62K | SH | $141.44M 1.96% | 362.29K | 0.00 | 1.32K |
WEC Energy Group Inc.SOLE | COM | 1.49M | SH | $140.12M 1.94% | 1.48M | 0.00 | 5.60K |
Clorox Co.SOLE | COM | 860.39K | SH | $139.74M 1.94% | 857.24K | 0.00 | 3.15K |
Linde plcSOLE | COM | 333.20K | SH | $139.50M 1.94% | 331.88K | 0.00 | 1.32K |
Analog Devices Inc.SOLE | COM | 643.99K | SH | $136.82M 1.90% | 641.62K | 0.00 | 2.37K |
PepsiCo Inc.SOLE | COM | 897.17K | SH | $136.42M 1.89% | 894.35K | 0.00 | 2.82K |
Southern Co.SOLE | COM | 1.65M | SH | $135.70M 1.88% | 1.64M | 0.00 | 6K |
Microsoft Corp.SOLE | COM | 315.44K | SH | $132.96M 1.84% | 314.29K | 0.00 | 1.15K |
Fidelity National Financial InSOLE | COM | 2.28M | SH | $128.11M 1.78% | 2.27M | 0.00 | 9.10K |
Fastenal Co.SOLE | COM | 1.70M | SH | $122.15M 1.69% | 1.69M | 0.00 | 5.68K |
Colgate-Palmolive Co.SOLE | COM | 1.34M | SH | $121.91M 1.69% | 1.34M | 0.00 | 5.06K |
Entergy Corp.SOLE | COM | 1.61M | SH | $121.86M 1.69% | 1.60M | 0.00 | 6.27K |
Kinder Morgan Inc.SOLE | COM | 4.39M | SH | $120.31M 1.67% | 4.37M | 0.00 | 16.92K |
Northern Trust Corp.SOLE | COM | 1.14M | SH | $116.86M 1.62% | 1.14M | 0.00 | 4.08K |
Hershey Co.SOLE | COM | 682.03K | SH | $115.50M 1.60% | 679.38K | 0.00 | 2.65K |
T. Rowe Price Group Inc.SOLE | COM | 986.52K | SH | $111.57M 1.55% | 982.75K | 0.00 | 3.77K |
Gilead Sciences Inc.SOLE | COM | 1.18M | SH | $108.71M 1.51% | 1.17M | 0.00 | 4.68K |
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