2026 Q2 Portfolio Activity
In 2026 Q2, CONFLUENCE INVESTMENT MANAGEMENT LLC maintained a portfolio of 312 distinct positions. The most significant new addition was Stanley Black & Decker Inc., now representing 1.98% of the total fund value. They heavily accumulated shares in iShares 0-3 Month Treasury Bon, increasing the position by 59.0%. Conversely, CONFLUENCE INVESTMENT MANAGEMENT LLC completely exited their position in Honeywell International Inc..
Position History
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Total Positions
312
Quarter
2026 Q2
Top Holding
SGOV (4.4%)
Top 10 Concentration
24.1%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 312
CONFLUENCE INVESTMENT MANAGEMENT LLC Full Holdings List — 2026 Q2
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
SGOV
iShares 0-3 Mon...
|
ETF | 4.39% | 2.74% |
#1
Prev: #1
|
6.8 |
—
|
1,034,498 | 59.0% |
P
S
|
2,788,012 | $280,669,153 |
$95.61
+5.1%
|
2024 Q1 | 13F Filing | 2026-06-30 | 2026-07-01 | ||
|
SNA
Snap-on Inc.
|
Industrials | 2.62% | 2.46% |
#2
3
Prev: #5
|
3.0 |
—
|
-18,764 | -4.3% |
P
S
|
417,132 | $167,853,845 | 2008 Q4 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
CB
Chubb Ltd.
|
Financial Services | 2.45% | 2.44% |
#3
3
Prev: #6
|
2.5 |
—
|
-21,271 | -4.4% |
P
S
|
460,772 | $157,003,383 | 2015 Q2 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
LIN
Linde plc
|
Basic Materials | 2.20% | 2.18% |
#4
5
Prev: #9
|
1.9 |
—
|
-12,345 | -4.4% |
P
S
|
270,727 | $140,491,020 | 2018 Q4 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
WEC
WEC Energy Grou...
|
Utilities | 2.17% | 2.22% |
#5
3
Prev: #8
|
1.9 |
—
|
-45,684 | -3.7% |
P
S
|
1,191,332 | $139,111,844 | 2018 Q4 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
FAST
Fastenal Co.
|
Industrials | 2.12% | 2.14% |
#6
5
Prev: #11
|
1.3 |
—
|
-136,984 | -4.6% |
P
S
|
2,829,738 | $135,912,310 | 2015 Q1 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
ETR
Entergy Corp.
|
Utilities | 2.08% | 2.14% |
#7
3
Prev: #10
|
1.3 |
—
|
-72,663 | -5.9% |
P
S
|
1,156,624 | $132,849,863 | 2019 Q1 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
LMT
Lockheed Martin...
|
Industrials | 2.06% | 2.53% |
#8
5
Prev: #3
|
1.3 |
—
|
-11,063 | -4.1% |
P
S
|
258,577 | $131,734,746 | 2010 Q4 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
SO
Southern Co.
|
Utilities | 2.05% | 2.13% |
#9
3
Prev: #12
|
1.3 |
—
|
-51,278 | -3.6% |
P
S
|
1,370,593 | $131,179,461 | 2008 Q4 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
SWK
Stanley Black &...
|
Industrials | 1.98% | — |
#10
Prev: #—
|
4.3 |
—
|
1,348,374 | — |
NEW
|
1,348,374 | $126,908,981 | 2026 Q2 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
CVX
Chevron Corp.
|
Energy | 1.92% | 2.48% |
#11
7
Prev: #4
|
1.3 |
—
|
-29,380 | -3.8% |
P
S
|
742,863 | $123,137,009 | 2008 Q4 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
PGR
Progressive Cor...
|
Financial Services | 1.90% | 1.79% |
#12
5
Prev: #17
|
1.3 |
—
|
-22,851 | -3.9% |
P
S
|
557,408 | $121,765,607 | 2011 Q3 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
CLX
Clorox Co.
|
Consumer Defensive | 1.86% | 1.50% |
#13
10
Prev: #23
|
3.2 |
—
|
315,069 | 33.8% |
P
S
|
1,247,644 | $119,075,118 | 2009 Q4 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
MDLZ
Mondelez Intern...
|
Consumer Defensive | 1.85% | 1.89% |
#14
1
Prev: #13
|
1.2 |
—
|
-68,524 | -3.2% |
P
S
|
2,044,332 | $118,244,163 | 2025 Q2 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
ADI
Analog Devices ...
|
Technology | 1.82% | 2.67% |
#15
13
Prev: #2
|
0.7 |
—
|
-247,250 | -45.7% |
P
S
|
293,390 | $116,525,843 | 2009 Q4 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
HSY
Hershey Co.
|
Consumer Defensive | 1.82% | 2.23% |
#16
9
Prev: #7
|
1.2 |
—
|
-27,106 | -3.9% |
P
S
|
663,243 | $116,365,981 | 2022 Q1 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
NTRS
Northern Trust ...
|
Financial Services | 1.79% | 1.47% |
#17
7
Prev: #24
|
1.2 |
—
|
-19,844 | -2.9% |
P
S
|
660,416 | $114,806,661 | 2013 Q4 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
CL
Colgate-Palmoli...
|
Consumer Defensive | 1.73% | 1.65% |
#18
2
Prev: #20
|
1.2 |
—
|
-40,718 | -3.3% |
P
S
|
1,209,372 | $110,875,229 | 2009 Q4 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
HD
Home Depot Inc.
|
Consumer Cyclical | 1.72% | 1.63% |
#19
2
Prev: #21
|
1.2 |
—
|
-8,660 | -2.7% |
P
S
|
311,263 | $109,776,232 | 2008 Q4 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
KMI
Kinder Morgan I...
|
Energy | 1.68% | 1.82% |
#20
4
Prev: #16
|
1.2 |
—
|
-120,189 | -3.4% |
P
S
|
3,368,817 | $107,701,078 | 2013 Q1 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
TROW
T. Rowe Price G...
|
Financial Services | 1.66% | 1.35% |
#21
8
Prev: #29
|
1.2 |
—
|
-26,758 | -2.8% |
P
S
|
936,409 | $106,460,307 | 2011 Q3 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
GILD
Gilead Sciences...
|
Healthcare | 1.64% | 1.86% |
#22
8
Prev: #14
|
1.2 |
—
|
-28,391 | -3.3% |
P
S
|
832,632 | $105,194,766 | 2014 Q2 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
USB
U.S. Bancorp
|
Financial Services | 1.64% | 1.44% |
#23
2
Prev: #25
|
1.2 |
—
|
-49,485 | -2.8% |
P
S
|
1,734,918 | $104,789,018 | 2017 Q2 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
AWK
American Water ...
|
Utilities | 1.60% | 1.71% |
#24
5
Prev: #19
|
1.1 |
—
|
-29,649 | -3.7% |
P
S
|
780,309 | $102,673,069 | 2019 Q1 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
CSCO
Cisco Systems I...
|
Technology | 1.54% | 1.86% |
#25
10
Prev: #15
|
0.6 |
—
|
-699,159 | -45.4% |
P
S
|
841,787 | $98,876,332 | 2018 Q4 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
PAYX
Paychex Inc.
|
Technology | 1.46% | 1.39% |
#26
1
Prev: #27
|
1.1 |
—
|
-17,385 | -1.8% |
P
S
|
952,424 | $93,651,844 | 2008 Q4 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
FNF
Fidelity Nation...
|
Financial Services | 1.41% | 1.41% |
#27
1
Prev: #26
|
1.1 |
—
|
-48,095 | -2.5% |
P
S
|
1,908,912 | $90,024,298 | 2014 Q2 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
NDSN
Nordson Corp.
|
Industrials | 1.33% | 1.27% |
#28
3
Prev: #31
|
1.0 |
—
|
-27,147 | -8.8% |
P
S
|
281,120 | $84,810,940 | 2018 Q4 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
SPMB
SPDR Portfolio ...
|
ETF | 1.17% | 1.34% |
#29
1
Prev: #30
|
1.0 |
—
|
-482,992 | -12.5% |
P
S
|
3,370,501 | $75,195,877 | 2011 Q1 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
SPDW
SPDR Portfolio ...
|
ETF | 1.17% | 1.13% |
#30
5
Prev: #35
|
1.0 |
—
|
-109,720 | -6.9% |
P
S
|
1,482,773 | $74,716,932 | 2017 Q4 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
WRB
W. R. Berkley C...
|
Financial Services | 1.14% | 1.15% |
#31
2
Prev: #33
|
1.0 |
—
|
-81,648 | -7.3% |
P
S
|
1,031,752 | $72,769,459 | 2009 Q3 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
BR
Broadridge Fina...
|
Technology | 1.12% | 1.35% |
#32
4
Prev: #28
|
0.9 |
—
|
-11,052 | -2.1% |
P
S
|
523,341 | $71,671,558 | 2009 Q3 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
MA
Mastercard Inc.
|
Financial Services | 1.10% | 1.14% |
#33
1
Prev: #34
|
0.9 |
—
|
-10,020 | -6.8% |
P
S
|
136,514 | $70,113,291 | 2011 Q3 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
SPYG
SPDR Portfolio ...
|
Unknown | 1.07% | 0.80% |
#34
10
Prev: #44
|
2.4 |
—
|
45,356 | 8.6% |
P
S
|
573,709 | $68,265,581 | 2020 Q1 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
SYK
Stryker Corp.
|
Healthcare | 1.04% | 1.06% |
#35
2
Prev: #37
|
0.9 |
—
|
3,941 | 1.9% |
P
S
|
212,000 | $66,746,084 | 2012 Q1 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
SPYV
SPDR Portfolio ...
|
Unknown | 0.99% | 0.69% |
#36
15
Prev: #51
|
2.9 |
—
|
256,850 | 32.5% |
P
S
|
1,047,254 | $63,662,541 | 2020 Q1 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
MAS
Masco Corp.
|
Industrials | 0.98% | 0.78% |
#37
9
Prev: #46
|
0.9 |
—
|
-59,924 | -7.2% |
P
S
|
768,680 | $62,547,513 | 2022 Q3 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
DEO
Diageo plc
|
Consumer Defensive | 0.98% | 1.56% |
#38
16
Prev: #22
|
0.4 |
—
|
-576,498 | -42.6% |
P
S
|
776,936 | $62,450,152 | 2008 Q4 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
ARCC
Ares Capital Co...
|
Financial Services | 0.97% | 0.96% |
#39
1
Prev: #40
|
0.9 |
—
|
-67,709 | -2.0% |
P
S
|
3,367,580 | $62,401,253 | 2008 Q4 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
TJX
TJX Co. Inc.
|
Consumer Cyclical | 0.96% | 1.11% |
#40
4
Prev: #36
|
0.9 |
—
|
-39,658 | -8.9% |
P
S
|
406,868 | $61,640,512 | 2009 Q1 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
APD
Air Products an...
|
Basic Materials | 0.93% | 0.98% |
#41
2
Prev: #39
|
0.9 |
—
|
-14,590 | -6.7% |
P
S
|
202,897 | $59,485,321 | 2009 Q4 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
SPGI
S&P Global Inc.
|
Financial Services | 0.90% | 0.89% |
#42
1
Prev: #41
|
2.4 |
—
|
7,327 | 5.5% |
P
S
|
141,607 | $57,670,844 | 2022 Q1 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
N/A
Honeywell Inter...
|
|
Unknown | 0.84% | — |
#43
Prev: #—
|
3.8 |
—
|
240,572 | — |
NEW
|
240,572 | $53,863,959 | — | 13F Filing | 2026-06-30 | 2026-07-01 | ||
|
MSFT
Microsoft Corp.
|
Technology | 0.83% | 0.85% |
#44
2
Prev: #42
|
0.8 |
—
|
-5,717 | -3.8% |
P
S
|
142,894 | $53,302,312 | 2008 Q4 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
N/A
Honeywell Aeros...
|
|
Unknown | 0.83% | — |
#45
Prev: #—
|
3.8 |
—
|
241,062 | — |
NEW
|
241,062 | $53,293,885 | — | 13F Filing | 2026-06-30 | 2026-07-01 | ||
|
ITW
Illinois Tool W...
|
Industrials | 0.82% | 0.84% |
#46
3
Prev: #43
|
0.8 |
—
|
-14,125 | -6.8% |
P
S
|
193,034 | $52,209,932 | 2008 Q4 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
DOW
Dow Inc.
|
Basic Materials | 0.79% | 1.21% |
#47
15
Prev: #32
|
0.8 |
—
|
-19,688 | -1.1% |
P
S
|
1,850,660 | $50,634,065 | 2016 Q2 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
PAYC
Paycom Software...
|
Technology | 0.74% | 0.77% |
#48
2
Prev: #50
|
0.8 |
—
|
-33,360 | -8.2% |
P
S
|
374,387 | $47,052,996 | 2024 Q2 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
TMO
Thermo Fisher S...
|
Healthcare | 0.73% | 0.69% |
#49
4
Prev: #53
|
0.8 |
—
|
2,630 | 2.9% |
P
S
|
92,781 | $46,516,787 | 2008 Q4 | 13F Filing | 2026-06-30 | 2026-07-01 | |||
|
BRK/B
Berkshire Hatha...
|
Financial Services | 0.68% | 0.69% |
#50
2
Prev: #52
|
0.8 |
—
|
-6,691 | -7.2% |
P
S
|
86,570 | $43,319,012 | 2010 Q1 | 13F Filing | 2026-06-30 | 2026-07-01 |
Showing 1-50 of 312 holdings