CONFLUENCE INVESTMENT MANAGEMENT LLC SDZNY — Sandoz Group

Ownership history in CONFLUENCE INVESTMENT MANAGEMENT LLC  ·  10 quarters on record

AI Ownership Summary

CONFLUENCE INVESTMENT MANAGEMENT LLC reported Sandoz Group (SDZNY) in 10 quarterly 13F filings from 2024 Q1 through 2026 Q2. Peak portfolio weight reached 0.04% in 2026 Q2. The latest visible filing shows SDZNY at 0.04% of the fund.

This page tracks quarterly shares, estimated market value, portfolio weight, filing dates, and disclosure-aligned stock prices directly from SEC EDGAR 13F filings.

What this SDZNY ownership page tells you

This page is designed to answer the real investor question behind a 13F filing: how meaningful was CONFLUENCE INVESTMENT MANAGEMENT LLC's position in Sandoz Group, and how did that conviction change over time? You can read the holding window, peak weight, latest reported size, disclosure timing, and quarter-by-quarter changes without piecing the story together from raw SEC rows.

Freshest filing
Latest Reported Filing
2026 Q2

SDZNY was reported at 0.04% of portfolio in the most recent visible filing.

High-water mark
Peak Conviction
0.04% in 2026 Q2

Peak weight helps separate a token disclosure from a real conviction holding the fund genuinely cared about.

Time in book
Holding Window
2024 Q1 to 2026 Q2

Longer holding windows often tell a very different story from short-lived tactical trades or one-quarter experiments.

Decision context
Why It Matters
Position size beats headlines

Knowing that a fund owned a stock is useful. Knowing whether it was a 0.20% placeholder or a true high-conviction position is where the signal actually starts.

SDZNY stock page CONFLUENCE INVESTMENT MANAGEMENT LLC fund profile CONFLUENCE INVESTMENT MANAGEMENT LLC full holdings
How CONFLUENCE INVESTMENT MANAGEMENT LLC held SDZNY — position size vs. price
% of Fund (quarterly)    SDZNY price (quarter-end, indexed to 100)    SPY (indexed to 100)    QQQ (indexed to 100)
📋 Quarterly Holdings History 10 quarters  ▾
Quarter Action Sold % After 3M Timing Shares Change Chg % % of Fund Mkt Value Filed Price (Filed)
2026 Q2 REDUCED — — — 27,141 -1,338 -4.7% 0.04% $2.5M 2026-07-01 $88.75
2026 Q1 REDUCED — — — 28,479 -208 -0.7% 0.03% $2.2M 2026-04-01 $79.73
2025 Q4 ADDED — — — 28,687 +712 +2.5% 0.03% $2.1M 2026-01-05 $71.61
2025 Q3 ADDED — — — 27,975 +1,285 +4.8% 0.02% $1.7M 2025-10-14 $60.63
2025 Q2 ADDED — — — 26,690 +1,239 +4.9% 0.02% $1.5M 2025-07-01 $53.66
2025 Q1 REDUCED — — — 25,451 -152 -0.6% 0.02% $1.1M 2025-04-01 $39.77
2024 Q4 ADDED — — — 25,603 +1,995 +8.5% 0.01% $1.0M 2025-01-02 $39.53
2024 Q3 REDUCED 10.2% -1.6% ✅ 23,608 -2,693 -10.2% 0.01% $756K 2024-11-05 $44.83
2024 Q2 ADDED — — — 26,301 +1,074 +4.3% 0.01% $952K 2024-07-01 $34.78
2024 Q1 INITIATED — — — 25,227 — — 0.01% $759K 2024-04-01 $28.77

🏢 Other funds also holding SDZNY

As of 2026 Q2 — sorted by position size

Henry James International Management Inc. 3Y 7Y 1.76% GAMMA Investing LLC 0.0% Vermillion Wealth Management, Inc. 0.0% Main Street Group, LTD 0.0% THURSTON, SPRINGER, MILLER, HERD & TITAK, INC. 0.0%

FAQ About CONFLUENCE INVESTMENT MANAGEMENT LLC and SDZNY

These are the practical questions this page is built to answer before you even open the full history table.

How long has CONFLUENCE INVESTMENT MANAGEMENT LLC reported owning SDZNY?

CONFLUENCE INVESTMENT MANAGEMENT LLC reported SDZNY across 10 quarterly 13F filings, from 2024 Q1 through 2026 Q2.

What was the largest reported SDZNY position in CONFLUENCE INVESTMENT MANAGEMENT LLC's portfolio?

The largest reported portfolio weight for SDZNY was 0.04% in 2026 Q2.

What is the latest reported SDZNY position on this page?

The most recent filing on this page is 2026 Q2, when CONFLUENCE INVESTMENT MANAGEMENT LLC reported 27,141 shares, equal to 0.04% of portfolio, with an estimated market value of $2.5M.

What does the chart on this SDZNY ownership page compare?

The chart compares CONFLUENCE INVESTMENT MANAGEMENT LLC's quarterly SDZNY portfolio weight with the stock's indexed share price, so you can see whether the fund was building, trimming, or holding the position as price moved.

How well did CONFLUENCE INVESTMENT MANAGEMENT LLC time their SDZNY position?

Based on 13F filing dates vs. subsequent SDZNY price moves, CONFLUENCE INVESTMENT MANAGEMENT LLC correctly timed 7 out of 9 reported position changes (78%). The annualised alpha on SDZNY relative to SPY over the holding period was +39.2%.

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