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CONFLUENCE INVESTMENT MANAGEMENT LLC
Period ended Sep 30, 2026 · Latest filing Oct 1, 2026
These quarterly holdings are delayed and may not include all assets or short positions.
Values are from the reporting date, not current prices or purchase costs.
The same security may appear in multiple rows.
Source: SEC
Reported portfolio value
Quarter-end reported holdings; not current value or investment performance.
View reported values
- Sep 30, 2026: $5,967,592,942
More quarters will appear as history becomes available.
Top holdings
Top 10 at Sep 30, 2026. Matching entries are combined; security classes and options remain separate. Shares exclude principal amounts; option shares reflect the reported underlying amount.
View top holdings values
- iShares 0-3 Month Treasury Bon · COM · 46436E718 · shares: $216,717,283
- Chevron Corp. · COM · 166764100 · shares: $144,437,137
- Chubb Ltd. · COM · H1467J104 · shares: $141,134,050
- Zoetis Inc. · COM · 98978V103 · shares: $130,169,165
- Lockheed Martin Corp. · COM · 539830109 · shares: $125,597,658
- Linde plc · COM · G54950103 · shares: $122,631,642
- Gilead Sciences Inc. · COM · 375558103 · shares: $117,942,892
- WEC Energy Group Inc. · COM · 92939U106 · shares: $115,021,567
- Stanley Black & Decker Inc. · COM · 854502101 · shares: $114,803,324
- Mondelez International Inc. · COM · 609207105 · shares: $113,673,260
Reported holdings
424 reported entries| Issuer | Class | CUSIP | Type | Shares / principal | Reported value (USD) |
|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bon | COM | 46436E718 | — | 2,144,426 shares | $215,900,842 |
| Chevron Corp. | COM | 166764100 | — | 704,669 shares | $143,900,473 |
| Chubb Ltd. | COM | H1467J104 | — | 432,096 shares | $140,539,168 |
| Zoetis Inc. | COM | 98978V103 | — | 1,857,460 shares | $129,706,402 |
| Lockheed Martin Corp. | COM | 539830109 | — | 245,667 shares | $125,106,139 |
| Linde plc | COM | G54950103 | — | 257,315 shares | $122,134,683 |
| Gilead Sciences Inc. | COM | 375558103 | — | 787,904 shares | $117,437,165 |
| Stanley Black & Decker Inc. | COM | 854502101 | — | 1,295,895 shares | $114,803,324 |
| WEC Energy Group Inc. | COM | 92939U106 | — | 1,136,785 shares | $114,565,235 |
| Mondelez International Inc. | COM | 609207105 | — | 1,958,436 shares | $113,236,777 |
| Analog Devices Inc. | COM | 032654105 | — | 281,223 shares | $111,564,004 |
| Progressive Corp. | COM | 743315103 | — | 535,257 shares | $110,964,111 |
| Entergy Corp. | COM | 29364G103 | — | 1,108,993 shares | $110,078,628 |
| Snap-on Inc. | COM | 833034101 | — | 301,664 shares | $109,609,548 |
| Southern Co. | COM | 842587107 | — | 1,310,016 shares | $108,587,254 |
| Northern Trust Corp. | COM | 665859104 | — | 626,700 shares | $106,137,837 |
| Colgate-Palmolive Co. | COM | 194162103 | — | 1,157,352 shares | $98,745,282 |
| Hershey Co. | COM | 427866108 | — | 621,987 shares | $98,031,394 |
| Kinder Morgan Inc. | COM | 49456B101 | — | 3,248,934 shares | $97,955,361 |
| U.S. Bancorp | COM | 902973304 | — | 1,671,702 shares | $96,557,524 |
| Watsco Inc. | COM | 942622200 | — | 318,956 shares | $96,544,792 |
| American Water Works Co. Inc. | COM | 030420103 | — | 742,480 shares | $96,128,880 |
| NIKE Inc. | COM | 654106103 | — | 2,709,625 shares | $95,920,722 |
| Clorox Co. | COM | 189054109 | — | 1,166,117 shares | $94,467,124 |
| T. Rowe Price Group Inc. | COM | 74144T108 | — | 891,683 shares | $92,779,621 |
| Paychex Inc. | COM | 704326107 | — | 909,185 shares | $89,554,675 |
| Cisco Systems Inc. | COM | 17275R102 | — | 816,957 shares | $87,929,061 |
| Home Depot Inc. | COM | 437076102 | — | 298,549 shares | $84,934,112 |
| Nordson Corp. | COM | 655663102 | — | 254,886 shares | $83,564,478 |
| Broadridge Financial Solutions | COM | 11133T103 | — | 505,349 shares | $81,411,781 |
| Paycom Software Inc. | COM | 70432V102 | — | 328,986 shares | $71,603,750 |
| Fidelity National Financial In | COM | 31620R303 | — | 1,848,868 shares | $71,458,742 |
| SPDR Portfolio Developed World | COM | 78463X889 | — | 1,418,746 shares | $71,235,237 |
| SPDR Portfolio Mortgage Backed | COM | 78464A383 | — | 3,301,336 shares | $69,790,243 |
| Microsoft Corp. | COM | 594918104 | — | 135,509 shares | $69,502,369 |
| Mastercard Inc. | COM | 57636Q104 | — | 124,737 shares | $68,788,630 |
| Honeywell Aerospace Inc. | COM | 43849R105 | — | 424,868 shares | $65,841,723 |
| W. R. Berkley Corp. | COM | 084423102 | — | 943,632 shares | $63,732,884 |
| SPDR Portfolio S&P 500 Value E | COM | 78464a508 | — | 1,028,309 shares | $62,860,528 |
| SPDR Portfolio S&P 500 Growth | COM | 78464A409 | — | 510,261 shares | $62,802,916 |
| Accenture plc | COM | G1151C101 | — | 331,161 shares | $60,725,013 |
| Ares Capital Corp. | COM | 04010L103 | — | 3,081,348 shares | $58,853,743 |
| Thermo Fisher Scientific Inc. | COM | 883556102 | — | 85,450 shares | $57,683,321 |
| Stryker Corp. | COM | 863667101 | — | 195,578 shares | $53,860,262 |
| Air Products and Chemicals Inc | COM | 009158106 | — | 188,175 shares | $52,355,818 |
| S&P Global Inc. | COM | 78409V104 | — | 131,136 shares | $51,729,158 |
| TJX Co. Inc. | COM | 872540109 | — | 372,494 shares | $49,284,677 |
| Masco Corp. | COM | 574599106 | — | 706,071 shares | $47,589,183 |
| Honeywell International Inc. | COM | 438516205 | — | 221,909 shares | $46,809,415 |
| Illinois Tool Works Inc. | COM | 452308109 | — | 177,864 shares | $45,760,807 |
| Berkshire Hathaway Inc. - B | COM | 084670702 | — | 80,394 shares | $40,032,192 |
| Carrier Global Corp. | COM | 14448c104 | — | 726,577 shares | $39,860,011 |
| Alphabet Inc. | COM | 02079K107 | — | 107,974 shares | $36,790,977 |
| NXP Semiconductors N.V. | COM | N6596X109 | — | 142,229 shares | $33,783,673 |
| Lowe's Co. Inc. | COM | 548661107 | — | 181,144 shares | $33,383,007 |
| Booking Holdings Inc. | COM | 09857L108 | — | 181,876 shares | $29,629,414 |
| Arch Capital Group Ltd. | COM | G0450A105 | — | 314,512 shares | $29,048,328 |
| Morningstar Inc. | COM | 617700109 | — | 148,694 shares | $28,257,769 |
| Brown-Forman Corp. - B | COM | 115637209 | — | 1,035,048 shares | $27,118,256 |
| SPDR Gold MiniShares Trust ETF | COM | 98149E303 | — | 328,691 shares | $27,011,826 |
| Graco Inc. | COM | 384109104 | — | 351,316 shares | $26,995,127 |
| iShares MBS ETF | COM | 464288588 | — | 290,234 shares | $26,010,794 |
| iShares iBonds Dec 2035 Term T | COM | 46438G422 | — | 1,019,464 shares | $24,087,397 |
| Charles River Laboratories Int | COM | 159864107 | — | 81,195 shares | $23,953,484 |
| Martin Marietta Materials Inc. | COM | 573284106 | — | 48,985 shares | $23,503,280 |
| Expeditors International of Wa | COM | 302130109 | — | 126,831 shares | $23,418,071 |
| iShares iBonds Dec 2034 Term T | COM | 46438G646 | — | 938,069 shares | $22,549,680 |
| Brown & Brown Inc. | COM | 115236101 | — | 350,151 shares | $21,324,179 |
| Ecolab Inc. | COM | 278865100 | — | 74,834 shares | $20,547,989 |
| iShares Core MSCI Europe ETF | COM | 46434V738 | — | 275,602 shares | $20,311,867 |
| Toro Co. | COM | 891092108 | — | 208,521 shares | $20,105,585 |
| General Dynamics Corp. | COM | 369550108 | — | 58,398 shares | $19,378,203 |
| Donaldson Co. Inc. | COM | 257651109 | — | 220,992 shares | $19,235,102 |
| EOG Resources Inc. | COM | 26875P101 | — | 137,056 shares | $18,880,872 |
| State Street SPDR Portfolio In | COM | 78464A672 | — | 692,007 shares | $18,877,951 |
| ResMed Inc. | COM | 761152107 | — | 84,518 shares | $18,686,864 |
| SPDR S&P Dividend ETF | COM | 78464A763 | — | 126,781 shares | $18,570,881 |
| Sherwin-Williams Co. | COM | 824348106 | — | 55,762 shares | $18,026,221 |
| Amphenol Corp. | COM | 032095101 | — | 213,527 shares | $18,000,356 |
| RLI Corp. | COM | 749607107 | — | 317,169 shares | $17,542,604 |
| New Jersey Resources Corp. | COM | 646025106 | — | 346,554 shares | $17,535,654 |
| AptarGroup Inc. | COM | 038336103 | — | 144,239 shares | $17,475,996 |
| Constellation Brands | COM | 21036P108 | — | 151,427 shares | $17,120,303 |
| Verisk Analytics Inc. | COM | 92345Y106 | — | 100,427 shares | $16,856,622 |
| iShares iBonds Dec 2031 Term T | COM | 46436e460 | — | 841,069 shares | $16,375,607 |
| iShares iBonds Dec 2033 Term T | COM | 46436E148 | — | 705,787 shares | $16,226,045 |
| A. O. Smith Corp. | COM | 831865209 | — | 284,138 shares | $16,016,850 |
| iShares iBonds Dec 2032 Term T | COM | 46436E296 | — | 703,031 shares | $15,281,162 |
| Procter & Gamble Co. | COM | 742718109 | — | 105,136 shares | $15,274,103 |
| Medtronic plc | COM | G5960L103 | — | 174,010 shares | $15,015,300 |
| State Street SPDR S&P Aerospac | COM | 78464A631 | — | 63,253 shares | $14,627,256 |
| Becton Dickinson & Co. | COM | 075887109 | — | 80,145 shares | $14,345,999 |
| Dollar Tree Inc. | COM | 256746108 | — | 122,670 shares | $13,986,833 |
| Trex Company Inc. | COM | 89531P105 | — | 316,072 shares | $13,768,096 |
| McDonald's Corp. | COM | 580135101 | — | 59,362 shares | $13,709,054 |
| State Street Energy Select Sec | COM | 81369Y506 | — | 221,963 shares | $13,650,724 |
| Avantis International Small Ca | COM | 025072802 | — | 119,751 shares | $13,098,364 |
| Floor & Decor Holdings Inc. | COM | 339750101 | — | 255,553 shares | $11,706,883 |
| iShares Russell 1000 Value ETF | COM | 464287598 | — | 46,185 shares | $11,450,647 |
| Copart Inc. | COM | 217204106 | — | 418,422 shares | $11,414,552 |