Confluence Investment Management

Confluence Investment Management as of Sept. 30, 2025

Portfolio Holdings for Confluence Investment Management

Confluence Investment Management holds 294 positions in its portfolio as reported in the September 2025 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Ishares 0-3 Month Treasury Bd Etf (SGOV) 3.7 $262M 2.6M 100.70
Snap-on Incorporated (SNA) 2.4 $171M 492k 346.53
Wec Energy Group (WEC) 2.3 $159M 1.4M 114.59
Fastenal Company (FAST) 2.2 $158M 3.2M 49.04
Northern Trust Corporation (NTRS) 2.2 $156M 1.2M 134.60
Chubb (CB) 2.2 $152M 539k 282.25
Analog Devices (ADI) 2.2 $151M 614k 245.70
Lockheed Martin Corporation (LMT) 2.1 $148M 297k 499.21
Linde (LIN) 2.1 $147M 310k 475.00
Southern Company (SO) 2.1 $147M 1.5M 94.77
Hershey Company (HSY) 2.0 $141M 755k 187.05
Home Depot (HD) 2.0 $140M 345k 405.19
Broadridge Financial Solutions (BR) 2.0 $139M 584k 238.17
Mondelez Int (MDLZ) 2.0 $139M 2.2M 62.47
Progressive Corporation (PGR) 2.0 $137M 554k 246.95
Paychex (PAYX) 1.9 $130M 1.0M 126.76
Diageo (DEO) 1.9 $130M 1.4M 95.43
Fnf (FNF) 1.8 $129M 2.1M 60.49
Chevron Corporation (CVX) 1.8 $129M 833k 155.29
Entergy Corporation (ETR) 1.8 $126M 1.4M 93.19
American Water Works (AWK) 1.7 $120M 862k 139.19
Cisco Systems (CSCO) 1.7 $117M 1.7M 68.42
Clorox Company (CLX) 1.6 $115M 931k 123.30
Kinder Morgan (KMI) 1.5 $107M 3.8M 28.31
Gilead Sciences (GILD) 1.5 $106M 953k 111.00
Colgate-Palmolive Company (CL) 1.5 $104M 1.3M 79.94
T. Rowe Price (TROW) 1.4 $100M 974k 102.64
SPDR Barclays Capital Mortgage Back ETF (SPMB) 1.4 $95M 4.2M 22.44
W.R. Berkley Corporation (WRB) 1.3 $94M 1.2M 76.62
U.S. Bancorp (USB) 1.3 $94M 1.9M 48.33
MasterCard Incorporated (MA) 1.3 $92M 162k 568.81
TJX Companies (TJX) 1.2 $87M 603k 144.54
Microsoft Corporation (MSFT) 1.2 $84M 162k 517.95
Stryker Corporation (SYK) 1.2 $84M 226k 369.67
Ares Capital Corporation (ARCC) 1.1 $75M 3.7M 20.41
Nordson Corporation (NDSN) 1.1 $75M 331k 226.95
S&p Global (SPGI) 1.0 $71M 145k 486.71
Paycom Software (PAYC) 1.0 $68M 327k 208.14
Alphabet Inc Class C cs (GOOG) 1.0 $68M 277k 243.55
SPDR S&P World ex-US (SPDW) 0.9 $63M 1.5M 42.79
Masco Corporation (MAS) 0.9 $61M 868k 70.39
Illinois Tool Works (ITW) 0.8 $58M 223k 260.76
Keysight Technologies (KEYS) 0.8 $57M 327k 174.92
United Parcel Service (UPS) 0.8 $57M 682k 83.53
Lowe's Companies (LOW) 0.8 $56M 224k 251.31
Gra (GGG) 0.8 $56M 654k 84.96
Air Products & Chemicals (APD) 0.8 $55M 203k 272.72
Accenture (ACN) 0.7 $52M 209k 246.60
Berkshire Hathaway (BRK.B) 0.7 $51M 101k 502.74
Nxp Semiconductors N V (NXPI) 0.7 $48M 211k 227.73
Dow (DOW) 0.6 $45M 2.0M 22.93
Weyerhaeuser Company (WY) 0.6 $44M 1.8M 24.79
Thermo Fisher Scientific (TMO) 0.6 $40M 83k 485.02
Martin Marietta Materials (MLM) 0.6 $39M 61k 630.28
iShares Barclays 10-20 Yr Tresry Bd (TLH) 0.5 $37M 363k 102.99
Spdr Gold Minishares Trust (GLDM) 0.5 $37M 488k 76.45
Brown-Forman Corporation (BF.B) 0.5 $37M 1.3M 27.08
Arch Capital Group (ACGL) 0.5 $35M 389k 90.73
Booking Holdings (BKNG) 0.5 $35M 6.5k 5399.33
iShares Lehman MBS Bond Fund (MBB) 0.5 $35M 367k 95.15
SPDR DJ Wilshire Large Cap Value (SPYV) 0.5 $34M 611k 55.33
SPDR DJ Wilshire Large Cap Growth (SPYG) 0.4 $31M 293k 104.51
ResMed (RMD) 0.4 $30M 111k 273.73
Starbucks Corporation (SBUX) 0.4 $29M 338k 84.60
Brown & Brown (BRO) 0.4 $28M 298k 93.79
Ecolab (ECL) 0.4 $28M 102k 273.86
General Dynamics Corporation (GD) 0.4 $27M 80k 341.00
Dollar Tree (DLTR) 0.4 $26M 274k 94.37
Amphenol Corporation (APH) 0.4 $26M 208k 123.75
Sherwin-Williams Company (SHW) 0.4 $25M 73k 346.26
Donaldson Company (DCI) 0.4 $25M 304k 81.85
A. O. Smith Corporation (AOS) 0.3 $24M 329k 73.41
McDonald's Corporation (MCD) 0.3 $23M 76k 303.89
Proshares Tr mdcp 400 divid (REGL) 0.3 $23M 270k 85.34
Ishares Tr (IBTQ) 0.3 $23M 886k 25.53
SPDR DJ Wilshire Mid Cap Growth (MDYG) 0.3 $22M 240k 91.56
Expeditors International of Washington (EXPD) 0.3 $22M 177k 122.59
McCormick & Company, Incorporated (MKC) 0.3 $22M 322k 66.91
New Jersey Resources Corporation (NJR) 0.3 $20M 423k 48.15
Procter & Gamble Company (PG) 0.3 $20M 131k 153.65
Zoetis Inc Cl A (ZTS) 0.3 $20M 134k 146.32
Medtronic (MDT) 0.3 $20M 205k 95.24
EOG Resources (EOG) 0.3 $19M 173k 112.12
Constellation Brands (STZ) 0.3 $19M 144k 134.67
Vontier Corporation (VNT) 0.3 $19M 450k 41.97
Valvoline Inc Common (VVV) 0.3 $18M 491k 35.91
Toro Company (TTC) 0.2 $17M 224k 76.20
Nike (NKE) 0.2 $17M 244k 69.73
iShares iBonds Dec 2033 Term Treasury ETF (IBTO) 0.2 $17M 677k 24.65
Ishares Tr (IBTP) 0.2 $17M 643k 25.91
SPDR DJ Wilshire Mid Cap Value (MDYV) 0.2 $16M 188k 83.41
Walt Disney Company (DIS) 0.2 $16M 136k 114.50
Copart (CPRT) 0.2 $15M 336k 44.97
Becton, Dickinson and (BDX) 0.2 $15M 80k 187.17
Charles River Laboratories (CRL) 0.2 $15M 96k 156.46
Carrier Global Corporation (CARR) 0.2 $14M 234k 59.70
Morningstar (MORN) 0.2 $14M 60k 232.01
iShares Lehman 3-7 Yr Treasury Bond (IEI) 0.2 $14M 113k 119.51
Ishares Bb Rated Corp Bond (HYBB) 0.2 $13M 271k 47.31
Ishares Tr core msci euro (IEUR) 0.2 $12M 181k 68.12
John Bean Technologies Corporation (JBTM) 0.2 $12M 86k 140.45
Brp Group (BWIN) 0.2 $12M 406k 28.21
Ishares Ibonds Dec 2029 Term T (IBTJ) 0.2 $11M 521k 21.95
Spdr S&p 500 Etf (SPY) 0.2 $11M 17k 666.19
Dimensional Etf Trust National Municip (DFNM) 0.1 $10M 216k 47.98
Ishares Ibonds Dec 2027 Term T (IBTH) 0.1 $10M 456k 22.52
Ishares Tr ibds dec28 etf (IBDT) 0.1 $10M 400k 25.52
Ishares Tr ibonds etf (IBDS) 0.1 $10M 416k 24.34
Tripadvisor (TRIP) 0.1 $9.8M 605k 16.26
Ishares Tr (IBTM) 0.1 $9.7M 419k 23.13
SPDR S&P Dividend (SDY) 0.1 $9.5M 68k 140.05
Global X Fds (SHLD) 0.1 $9.4M 133k 70.24
American Centy Etf Tr Intl Smcp Vlu (AVDV) 0.1 $8.7M 98k 89.03
Invesco Exch Trd Slf Idx (BSMY) 0.1 $8.3M 341k 24.33
Vail Resorts (MTN) 0.1 $8.2M 55k 149.57
Ishares Tr (IBTK) 0.1 $7.6M 385k 19.88
Cavco Industries (CVCO) 0.1 $7.1M 12k 580.73
Main Street Capital Corporation (MAIN) 0.1 $6.5M 102k 63.59
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.1 $6.4M 120k 53.03
Invesco Exchng Trad Slf Inde (BSSX) 0.1 $6.3M 248k 25.55
Ishares Tr (IBTL) 0.1 $6.1M 297k 20.57
Invesco Exch Trd Slf Idx Fd bulshs 2027 muni (BSMR) 0.1 $6.0M 252k 23.66
Hercules Technology Growth Capital (HTGC) 0.1 $5.7M 303k 18.91
CONMED Corporation (CNMD) 0.1 $5.7M 122k 47.03
Sixth Street Specialty Lending (TSLX) 0.1 $5.3M 234k 22.86
Pza etf (PZA) 0.1 $5.1M 221k 23.09
Golub Capital BDC (GBDC) 0.1 $5.0M 368k 13.69
Blackstone Secd Lending (BXSL) 0.1 $4.1M 156k 26.07
Vaneck Vectors Etf Tr amt free long mu (MLN) 0.1 $4.0M 228k 17.48
iShares Russell 1000 Value Index (IWD) 0.1 $3.9M 19k 203.59
Berkshire Hathaway (BRK.A) 0.1 $3.8M 5.00 754200.00
Agnico (AEM) 0.1 $3.7M 22k 168.56
Knowles (KN) 0.0 $3.3M 140k 23.31
Owl Rock Capital Corporation (OBDC) 0.0 $3.3M 255k 12.77
Gates Industrial Corpratin P ord (GTES) 0.0 $3.2M 131k 24.82
Stewart Information Services Corporation (STC) 0.0 $3.2M 44k 73.32
I3 Verticals (IIIV) 0.0 $3.2M 99k 32.46
Barings Bdc (BBDC) 0.0 $3.2M 365k 8.76
New Mountain Finance Corp (NMFC) 0.0 $3.1M 318k 9.64
Hagerty (HGTY) 0.0 $3.0M 253k 12.04
Invesco Exch Trd Slf Idx Fd bulshs 2028 muni (BSMS) 0.0 $3.0M 127k 23.41
iShares Barclays 20+ Yr Treas.Bond (TLT) 0.0 $2.9M 33k 89.37
Nuveen Barclays Shrt Term Muni bdfund (SHM) 0.0 $2.9M 61k 48.22
RBC Bearings Incorporated (RBC) 0.0 $2.9M 7.3k 390.29
Altus Group (ASGTF) 0.0 $2.9M 67k 42.60
Invesco Exch Trd Slf Idx (BSMV) 0.0 $2.8M 134k 21.01
Invesco Exch Trd Slf Idx (BSMU) 0.0 $2.8M 128k 21.92
Movado (MOV) 0.0 $2.7M 141k 18.97
Spdr Series Trust cmn (HYMB) 0.0 $2.7M 107k 24.93
Hayward Hldgs (HAYW) 0.0 $2.5M 166k 15.12
Invesco Bulletshares 2026 Mu buls (BSMQ) 0.0 $2.5M 105k 23.62
Invesco Exch Trd Slf Idx Fd bulshs 2029 muni (BSMT) 0.0 $2.5M 107k 23.10
iShares S&P Natl AMTFr Mncpl Bd (MUB) 0.0 $2.4M 23k 106.49
Taiwan Semiconductor Mfg (TSM) 0.0 $2.4M 8.6k 279.29
Fs Kkr Capital Corp (FSK) 0.0 $2.4M 159k 14.93
Ishares Tr ibonds dec 28 (IBMQ) 0.0 $2.3M 91k 25.64
Ufp Industries (UFPI) 0.0 $2.2M 23k 93.49
Rli (RLI) 0.0 $2.1M 32k 65.22
SJW (HTO) 0.0 $2.1M 43k 48.70
Colfax Corp (ENOV) 0.0 $2.0M 67k 30.34
Franklin Street Properties (FSP) 0.0 $2.0M 1.2M 1.60
Spectrum Brands Holding (SPB) 0.0 $2.0M 37k 52.53
Capital Southwest Corporation (CSWC) 0.0 $1.9M 87k 21.86
Ishares Ibonds Dec 2029 Muni Etf (IBMR) 0.0 $1.9M 74k 25.53
UFP Technologies (UFPT) 0.0 $1.9M 9.3k 199.60
Haemonetics Corporation (HAE) 0.0 $1.8M 37k 48.74
Cannae Holdings (CNNE) 0.0 $1.8M 97k 18.31
Ishares Tr ibonds dec 26 (IBMO) 0.0 $1.7M 68k 25.66
J&J Snack Foods (JJSF) 0.0 $1.7M 18k 96.09
John B. Sanfilippo & Son (JBSS) 0.0 $1.7M 26k 64.28
Sandoz Group (SDZNY) 0.0 $1.7M 28k 59.63
Winnebago Industries (WGO) 0.0 $1.7M 50k 33.44
Mitsubishi UFJ Financial (MUFG) 0.0 $1.6M 101k 15.94
Oaktree Specialty Lending Corp (OCSL) 0.0 $1.6M 123k 13.05
Apollo Investment Corp. (MFIC) 0.0 $1.6M 132k 11.99
Etfs Physical Platinum (PPLT) 0.0 $1.5M 11k 142.88
Aercap Holdings Nv Ord Cmn (AER) 0.0 $1.5M 12k 121.00
Edgewell Pers Care (EPC) 0.0 $1.5M 72k 20.36
Marten Transport (MRTN) 0.0 $1.5M 136k 10.66
Core Natural Resources (CNR) 0.0 $1.4M 17k 83.48
Safran S A (SAFRY) 0.0 $1.4M 16k 88.31
Bain Cap Specialty Fin (BCSF) 0.0 $1.4M 98k 14.25
Nintendo (NTDOY) 0.0 $1.4M 65k 21.34
Sony Corporation (SONY) 0.0 $1.4M 48k 28.79
DBS Group Holdings (DBSDY) 0.0 $1.4M 8.8k 158.26
Goldmansachsbdc (GSBD) 0.0 $1.4M 136k 10.17
ING Groep (ING) 0.0 $1.4M 53k 26.08
BAE Systems (BAESY) 0.0 $1.4M 12k 111.72
Littelfuse (LFUS) 0.0 $1.4M 5.3k 259.01
Sap (SAP) 0.0 $1.4M 5.1k 267.21
Zurich Insurance (ZURVY) 0.0 $1.4M 38k 35.77
Invesco Exchng Trad Slf Inde (BSMW) 0.0 $1.3M 52k 24.98
Rheinmetall (RNMBY) 0.0 $1.3M 2.7k 465.74
Disco Un (DSCSY) 0.0 $1.3M 40k 31.35
Sea Ltd Adr Isin Us81141r1005 (SE) 0.0 $1.3M 7.0k 178.73
Asml Holding (ASML) 0.0 $1.2M 1.3k 968.09
Techtronic Industries-sp (TTNDY) 0.0 $1.2M 19k 63.84
Hong Kong Exchanges & Clear - (HKXCY) 0.0 $1.2M 22k 56.76
Willis Towers Watson (WTW) 0.0 $1.2M 3.5k 345.45
American Outdoor (AOUT) 0.0 $1.2M 137k 8.68
Shopify Inc cl a (SHOP) 0.0 $1.2M 7.9k 148.61
Newmont Mining Corporation (NEM) 0.0 $1.2M 14k 84.31
Tokio Marine Holdings (TKOMY) 0.0 $1.2M 27k 42.10
Antofagasta (ANFGF) 0.0 $1.1M 31k 37.40
Solar Cap (SLRC) 0.0 $1.1M 75k 15.29
Morgan Stanley Direct Le (MSDL) 0.0 $1.1M 71k 16.08
Franco-Nevada Corporation (FNV) 0.0 $1.1M 5.0k 222.91
First Quantum Minerals (FQVLF) 0.0 $1.1M 48k 22.60
Itochu Corporation (ITOCY) 0.0 $1.1M 9.4k 115.08
Nuveen Churchill Direct Lend (NCDL) 0.0 $1.1M 78k 13.80
BNP Paribas SA (BNPQY) 0.0 $1.1M 23k 45.52
Alamos Gold Inc New Class A (AGI) 0.0 $1.0M 30k 34.86
iShares Silver Trust (SLV) 0.0 $1.0M 25k 42.37
Crescent Capital Bdc (CCAP) 0.0 $1.0M 72k 14.26
Anglo American (NGLOY) 0.0 $1.0M 53k 18.99
Southern Copper Corporation (SCCO) 0.0 $1.0M 8.3k 121.36
L'Oreal (LRLCY) 0.0 $1.0M 12k 86.64
Royal Gold (RGLD) 0.0 $992k 4.9k 200.58
Uranium Energy (UEC) 0.0 $988k 74k 13.34
Wheaton Precious Metals Corp (WPM) 0.0 $968k 8.7k 111.84
Chugai Pharmaceutic-unsp (CHGCY) 0.0 $959k 43k 22.11
Mitsui & Co (MITSY) 0.0 $948k 1.9k 496.49
Ishares Tr ibonds dec 27 (IBMP) 0.0 $925k 36k 25.48
Vulcan Materials Company (VMC) 0.0 $914k 3.0k 307.62
Unilever (UL) 0.0 $899k 15k 59.28
Glencore Xstrata (GLNCY) 0.0 $894k 97k 9.20
Total (TTE) 0.0 $848k 14k 59.69
Chesapeake Energy Corp (EXE) 0.0 $844k 7.9k 106.24
Haleon Plc Spon Ads (HLN) 0.0 $840k 94k 8.97
Icon (ICLR) 0.0 $821k 4.7k 175.00
American Express Company (AXP) 0.0 $797k 2.4k 332.16
Denison Mines Corp (DNN) 0.0 $795k 289k 2.75
Exxon Mobil Corporation (XOM) 0.0 $793k 7.0k 112.75
Wal-mart de Mexico S A B de C V (WMMVY) 0.0 $767k 25k 30.84
Komatsu (KMTUY) 0.0 $757k 22k 34.56
Antero Res (AR) 0.0 $752k 22k 33.56
Trinity Cap (TRIN) 0.0 $739k 48k 15.48
Roche Holding (RHHBY) 0.0 $733k 18k 41.81
LVMH Moet Hennessy Louis Vuitton SA (LVMUY) 0.0 $701k 5.7k 122.31
Nexgen Energy (NXE) 0.0 $694k 78k 8.95
Freeport-McMoRan Copper & Gold (FCX) 0.0 $672k 17k 39.22
Kayne Anderson BDC (KBDC) 0.0 $664k 50k 13.32
Novo Nordisk A/S (NVO) 0.0 $656k 12k 55.49
Cabot Oil & Gas Corporation (CTRA) 0.0 $654k 28k 23.65
Gold Fields (GFI) 0.0 $645k 15k 41.96
Lundin Gold (LUGDF) 0.0 $641k 9.9k 64.74
Cameco Corporation (CCJ) 0.0 $641k 7.6k 83.86
Curtiss-Wright (CW) 0.0 $630k 1.2k 542.94
Lynas Corporation Limited Sponsord (LYSDY) 0.0 $433k 39k 11.14
Ramaco Res Inc Com Cl A (METC) 0.0 $406k 12k 33.19
KB Financial (KB) 0.0 $379k 4.6k 82.90
Alibaba Group Holding (BABA) 0.0 $361k 2.0k 178.73
Tencent Holdings Ltd - (TCEHY) 0.0 $353k 4.1k 85.15
Makemytrip Limited Mauritius (MMYT) 0.0 $343k 3.7k 93.60
ICICI Bank (IBN) 0.0 $321k 11k 30.23
Palmer Square Capital BDC (PSBD) 0.0 $316k 26k 12.27
Ishares Tr ibonds dec 25 (IBMN) 0.0 $310k 12k 26.79
Portman Ridge Finance Corp (BCIC) 0.0 $306k 27k 11.53
Mp Materials Corp (MP) 0.0 $299k 4.5k 67.07
MercadoLibre (MELI) 0.0 $290k 124.00 2336.94
Shinhan Financial (SHG) 0.0 $286k 5.7k 50.37
Vista Oil & Gas S A B De C V (VIST) 0.0 $285k 8.3k 34.40
Airbus Group Nv - Unsp (EADSY) 0.0 $283k 4.9k 58.22
SPDR Gold Trust (GLD) 0.0 $283k 795.00 355.47
Coca-Cola FEMSA, S.A.B. de C.V. (KOF) 0.0 $282k 3.4k 83.10
Yandex Nv-a (NBIS) 0.0 $269k 2.4k 112.27
Fomento Economico Mexicano SAB (FMX) 0.0 $260k 2.6k 98.64
Grupo Financiero Banorte (GBOOY) 0.0 $239k 4.8k 50.18
JBS (JBS) 0.0 $238k 16k 14.93
Ameriprise Financial (AMP) 0.0 $236k 480.00 491.25
HDFC Bank (HDB) 0.0 $236k 6.9k 34.16
Advanced Semiconductor Engineering (ASX) 0.0 $235k 21k 11.09
Yum China Holdings (YUMC) 0.0 $234k 5.4k 42.92
Zto Express Cayman (ZTO) 0.0 $233k 12k 19.20
Huazhu Group (HTHT) 0.0 $233k 5.9k 39.11
Kemper Corp Del (KMPR) 0.0 $230k 4.5k 51.55
Infosys Technologies (INFY) 0.0 $230k 14k 16.27
Credicorp (BAP) 0.0 $230k 862.00 266.28
Baidu (BIDU) 0.0 $229k 1.7k 131.77
Copa Holdings Sa-class A (CPA) 0.0 $223k 1.9k 118.82
JPMorgan Chase & Co. (JPM) 0.0 $216k 685.00 315.43
NVIDIA Corporation (NVDA) 0.0 $213k 1.1k 186.58
Dr. Reddy's Laboratories (RDY) 0.0 $206k 15k 13.98
Costco Wholesale Corporation (COST) 0.0 $205k 221.00 925.63
Visa (V) 0.0 $200k 586.00 341.38
Runway Growth Finance Corp (RWAY) 0.0 $185k 18k 10.16
PennantPark Investment (PNNT) 0.0 $185k 28k 6.71
Controladora Vuela Cia Spon Ad (VLRS) 0.0 $177k 25k 7.18
Msc Income Fund (MSIF) 0.0 $159k 12k 13.13
Pt Astra Intl Tbk (PTAIY) 0.0 $132k 19k 7.03
Vale (VALE) 0.0 $120k 11k 10.86
Ecopetrol (EC) 0.0 $114k 12k 9.21
Arcos Dorados Holdings (ARCO) 0.0 $95k 14k 6.75
Sendas Distribuidora (ASAIY) 0.0 $94k 11k 8.60