Confluence Investment Management

Confluence Investment Management as of Dec. 31, 2025

Portfolio Holdings for Confluence Investment Management

Confluence Investment Management holds 296 positions in its portfolio as reported in the December 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) 3.1 $210M 2.1M 100.38
Snap-on Incorporated (SNA) 2.4 $162M 469k 344.60
Chubb (CB) 2.4 $160M 511k 312.12
Analog Devices (ADI) 2.4 $159M 586k 271.20
Northern Trust Corporation (NTRS) 2.3 $151M 1.1M 136.59
Wec Energy Group (WEC) 2.1 $140M 1.3M 105.46
Lockheed Martin Corporation (LMT) 2.1 $138M 285k 483.67
Progressive Corporation (PGR) 2.0 $136M 598k 227.72
Southern Company (SO) 1.9 $130M 1.5M 87.20
Hershey Company (HSY) 1.9 $127M 698k 181.98
Linde (LIN) 1.9 $127M 297k 426.39
Cisco Systems (CSCO) 1.9 $125M 1.6M 77.03
Broadridge Financial Solutions (BR) 1.9 $124M 557k 223.17
Fastenal Company (FAST) 1.9 $124M 3.1M 40.13
Chevron Corporation (CVX) 1.8 $122M 802k 152.41
iShares Russell 1000 Value Index (IWD) 1.8 $120M 569k 210.34
Entergy Corporation (ETR) 1.8 $119M 1.3M 92.43
Home Depot (HD) 1.7 $114M 332k 344.10
Gilead Sciences (GILD) 1.7 $112M 910k 122.74
Fnf (FNF) 1.7 $111M 2.0M 54.59
Paychex (PAYX) 1.7 $111M 987k 112.18
American Water Works (AWK) 1.6 $104M 793k 130.50
Colgate-Palmolive Company (CL) 1.5 $102M 1.3M 79.02
Honeywell International (HON) 1.5 $101M 517k 195.09
Kinder Morgan (KMI) 1.5 $100M 3.6M 27.49
U.S. Bancorp (USB) 1.5 $99M 1.8M 53.36
T. Rowe Price (TROW) 1.4 $97M 944k 102.38
SPDR Barclays Capital Mortgage Back ETF (SPMB) 1.4 $96M 4.3M 22.41
Diageo (DEO) 1.4 $95M 1.1M 86.27
Mondelez Int (MDLZ) 1.4 $94M 1.7M 53.83
Accenture (ACN) 1.3 $89M 332k 268.30
TJX Companies (TJX) 1.3 $89M 578k 153.61
MasterCard Incorporated (MA) 1.3 $89M 155k 570.88
W.R. Berkley Corporation (WRB) 1.2 $83M 1.2M 70.12
Nordson Corporation (NDSN) 1.2 $79M 329k 240.43
Clorox Company (CLX) 1.2 $78M 776k 100.83
Stryker Corporation (SYK) 1.2 $77M 219k 351.47
Microsoft Corporation (MSFT) 1.1 $75M 155k 483.62
S&p Global (SPGI) 1.1 $73M 140k 522.59
SPDR S&P World ex-US (SPDW) 1.1 $73M 1.6M 44.41
Ares Capital Corporation (ARCC) 1.1 $72M 3.5M 20.23
Keysight Technologies (KEYS) 1.0 $68M 334k 203.19
Alphabet Inc Class C cs (GOOG) 0.9 $57M 183k 313.80
Thermo Fisher Scientific (TMO) 0.8 $55M 95k 579.45
Masco Corporation (MAS) 0.8 $55M 863k 63.46
SPDR DJ Wilshire Large Cap Growth (SPYG) 0.8 $55M 513k 106.70
Lowe's Companies (LOW) 0.8 $54M 224k 241.16
Illinois Tool Works (ITW) 0.8 $53M 216k 246.30
Gra (GGG) 0.8 $51M 623k 81.97
Paycom Software (PAYC) 0.8 $51M 319k 159.36
Nxp Semiconductors N V (NXPI) 0.7 $50M 228k 217.06
Berkshire Hathaway (BRK.B) 0.7 $49M 98k 502.65
Air Products & Chemicals (APD) 0.7 $47M 190k 247.02
Dow (DOW) 0.6 $37M 1.6M 23.38
Martin Marietta Materials (MLM) 0.6 $37M 60k 622.66
Arch Capital Group (ACGL) 0.5 $35M 360k 95.92
SPDR DJ Wilshire Large Cap Value (SPYV) 0.5 $34M 604k 56.81
Booking Holdings (BKNG) 0.5 $34M 6.4k 5355.41
Brown & Brown (BRO) 0.5 $33M 413k 79.70
iShares Lehman MBS Bond Fund (MBB) 0.5 $33M 345k 95.22
Spdr Gold Minishares Trust (GLDM) 0.5 $33M 381k 85.37
Brown-Forman Corporation (BF.B) 0.5 $31M 1.2M 26.06
Dollar Tree (DLTR) 0.4 $29M 236k 123.01
Starbucks Corporation (SBUX) 0.4 $27M 323k 84.21
Amphenol Corporation (APH) 0.4 $27M 199k 135.14
Donaldson Company (DCI) 0.4 $26M 291k 88.66
Ecolab (ECL) 0.4 $26M 98k 262.52
General Dynamics Corporation (GD) 0.4 $26M 76k 336.66
ResMed (RMD) 0.4 $26M 106k 240.87
Expeditors International of Washington (EXPD) 0.4 $26M 172k 149.01
iShares Barclays 10-20 Yr Tresry Bd (TLH) 0.4 $25M 243k 101.67
Sherwin-Williams Company (SHW) 0.3 $23M 70k 324.03
McDonald's Corporation (MCD) 0.3 $23M 74k 305.63
Ishares Tr (IBTQ) 0.3 $21M 834k 25.48
Charles River Laboratories (CRL) 0.3 $21M 106k 199.48
Medtronic (MDT) 0.3 $21M 215k 96.06
Ishares Bb Rated Corp Bond (HYBB) 0.3 $20M 434k 47.13
New Jersey Resources Corporation (NJR) 0.3 $20M 439k 46.12
A. O. Smith Corporation (AOS) 0.3 $20M 295k 66.88
McCormick & Company, Incorporated (MKC) 0.3 $19M 281k 68.11
Toro Company (TTC) 0.3 $19M 241k 78.72
Ishares Tr (IBTP) 0.3 $19M 716k 25.81
Procter & Gamble Company (PG) 0.3 $18M 128k 143.31
EOG Resources (EOG) 0.3 $17M 164k 105.01
Nike (NKE) 0.3 $17M 266k 63.71
Zoetis Inc Cl A (ZTS) 0.2 $16M 125k 125.82
iShares iBonds Dec 2033 Term Treasury ETF (IBTO) 0.2 $16M 637k 24.55
Ishares Tr core msci euro (IEUR) 0.2 $16M 220k 70.98
Vontier Corporation (VNT) 0.2 $16M 418k 37.18
Morningstar (MORN) 0.2 $15M 71k 217.31
Constellation Brands (STZ) 0.2 $15M 109k 137.96
iShares Lehman 3-7 Yr Treasury Bond (IEI) 0.2 $15M 126k 119.35
Becton, Dickinson and (BDX) 0.2 $15M 75k 194.07
Walt Disney Company (DIS) 0.2 $14M 126k 113.77
Brp Group (BWIN) 0.2 $14M 580k 24.03
SPDR DJ Wilshire Mid Cap Growth (MDYG) 0.2 $12M 131k 92.43
Valvoline Inc Common (VVV) 0.2 $12M 404k 29.06
American Centy Etf Tr Intl Smcp Vlu (AVDV) 0.2 $12M 124k 93.97
Proshares Tr mdcp 400 divid (REGL) 0.2 $12M 136k 84.22
Carrier Global Corporation (CARR) 0.2 $11M 211k 52.84
Copart (CPRT) 0.2 $11M 284k 39.15
John Bean Technologies Corporation (JBTM) 0.2 $11M 73k 150.67
Spdr S&p 500 Etf (SPY) 0.2 $11M 16k 681.90
Dimensional Etf Trust National Municip (DFNM) 0.2 $10M 210k 48.17
Ishares Ibonds Dec 2027 Term T (IBTH) 0.1 $9.7M 431k 22.47
SPDR S&P Dividend (SDY) 0.1 $9.6M 69k 139.16
Ishares Tr (IBTL) 0.1 $9.6M 470k 20.52
Ishares Tr ibonds etf (IBDS) 0.1 $9.6M 394k 24.28
Ishares Tr (IBTM) 0.1 $9.2M 397k 23.07
Invesco Exch Trd Slf Idx (BSMY) 0.1 $9.0M 366k 24.58
Global X Fds (SHLD) 0.1 $8.5M 131k 64.79
Ishares Tr (IBDX) 0.1 $7.6M 298k 25.53
Invesco Exchng Trad Slf Inde (BSSX) 0.1 $7.6M 294k 25.86
Ishares Tr (IBTK) 0.1 $7.2M 365k 19.84
Tripadvisor (TRIP) 0.1 $6.9M 475k 14.56
SPDR DJ Wilshire Mid Cap Value (MDYV) 0.1 $6.6M 78k 84.65
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.1 $6.5M 124k 52.88
Cavco Industries (CVCO) 0.1 $6.2M 10k 590.74
Ishares Tr ibonds dec2026 (IBDR) 0.1 $5.9M 243k 24.23
Main Street Capital Corporation (MAIN) 0.1 $5.9M 97k 60.39
Invesco Exch Trd Slf Idx Fd bulshs 2027 muni (BSMR) 0.1 $5.8M 244k 23.67
Vail Resorts (MTN) 0.1 $5.5M 41k 132.80
Hercules Technology Growth Capital (HTGC) 0.1 $5.5M 290k 18.82
UniFirst Corporation (UNF) 0.1 $5.4M 28k 192.90
Pza etf (PZA) 0.1 $4.9M 213k 23.19
Sixth Street Specialty Lending (TSLX) 0.1 $4.9M 226k 21.72
Golub Capital BDC (GBDC) 0.1 $4.7M 346k 13.57
Blackstone Secd Lending (BXSL) 0.1 $4.1M 157k 26.33
Ishares Ibonds Dec 2029 Term T (IBTJ) 0.1 $4.0M 181k 21.95
Invesco Bulletshares 2026 Mu buls (BSMQ) 0.1 $3.9M 164k 23.64
iShares Russell 2000 Value Index (IWN) 0.1 $3.8M 21k 181.21
Agnico (AEM) 0.1 $3.8M 23k 169.53
Berkshire Hathaway (BRK.A) 0.1 $3.8M 5.00 754800.00
F&G Annuities & Life (FG) 0.1 $3.7M 121k 30.85
CONMED Corporation (CNMD) 0.1 $3.7M 91k 40.60
Invesco Exch Trd Slf Idx (BSMV) 0.0 $3.3M 154k 21.14
iShares S&P Natl AMTFr Mncpl Bd (MUB) 0.0 $3.2M 30k 107.11
Barings Bdc (BBDC) 0.0 $3.2M 343k 9.18
Spdr Series Trust cmn (HYMB) 0.0 $3.1M 126k 24.94
Owl Rock Capital Corporation (OBDC) 0.0 $2.9M 237k 12.43
Nuveen Barclays Shrt Term Muni bdfund (SHM) 0.0 $2.8M 58k 47.99
Vaneck Vectors Etf Tr amt free long mu (MLN) 0.0 $2.8M 157k 17.53
Invesco Exch Trd Slf Idx (BSMU) 0.0 $2.8M 125k 22.02
Invesco Exchng Trad Slf Inde (BSMW) 0.0 $2.7M 109k 25.11
New Mountain Finance Corp (NMFC) 0.0 $2.7M 295k 9.21
RBC Bearings Incorporated (RBC) 0.0 $2.7M 5.9k 448.43
Hagerty (HGTY) 0.0 $2.6M 197k 13.44
Taiwan Semiconductor Mfg (TSM) 0.0 $2.6M 8.6k 303.89
Stewart Information Services Corporation (STC) 0.0 $2.5M 35k 70.26
Ishares Tr ibonds dec 28 (IBMQ) 0.0 $2.4M 93k 25.57
Etfs Physical Platinum (PPLT) 0.0 $2.4M 13k 186.43
Knowles (KN) 0.0 $2.4M 110k 21.43
Fs Kkr Capital Corp (FSK) 0.0 $2.3M 158k 14.81
Gates Industrial Corpratin P ord (GTES) 0.0 $2.3M 109k 21.47
Haemonetics Corporation (HAE) 0.0 $2.3M 29k 80.15
Movado (MOV) 0.0 $2.2M 105k 20.62
Hayward Hldgs (HAYW) 0.0 $2.1M 137k 15.45
Sandoz Group (SDZNY) 0.0 $2.1M 29k 72.78
Ishares Ibonds Dec 2029 Muni Etf (IBMR) 0.0 $2.1M 81k 25.43
I3 Verticals (IIIV) 0.0 $2.1M 82k 25.19
Altus Group (ASGTF) 0.0 $1.9M 47k 41.32
Core Natural Resources (CNR) 0.0 $1.9M 21k 88.51
Capital Southwest Corporation (CSWC) 0.0 $1.9M 84k 22.15
Aercap Holdings Nv Ord Cmn (AER) 0.0 $1.8M 13k 143.76
Littelfuse (LFUS) 0.0 $1.8M 7.2k 252.92
iShares Silver Trust (SLV) 0.0 $1.8M 28k 64.42
Spectrum Brands Holding (SPB) 0.0 $1.7M 30k 59.08
UFP Technologies (UFPT) 0.0 $1.7M 7.7k 222.03
Mitsubishi UFJ Financial (MUFG) 0.0 $1.6M 104k 15.86
DBS Group Holdings (DBSDY) 0.0 $1.6M 9.1k 175.61
ING Groep (ING) 0.0 $1.5M 55k 28.00
Antofagasta (ANFGF) 0.0 $1.5M 34k 44.35
First Majestic Silver Corp (AG) 0.0 $1.5M 91k 16.66
Newmont Mining Corporation (NEM) 0.0 $1.5M 15k 99.85
Zurich Insurance (ZURVY) 0.0 $1.5M 39k 38.03
Lundin Minig (LUNMF) 0.0 $1.5M 69k 21.52
Oaktree Specialty Lending Corp (OCSL) 0.0 $1.5M 116k 12.74
First Quantum Minerals (FQVLF) 0.0 $1.5M 55k 26.83
Safran S A (SAFRY) 0.0 $1.5M 17k 87.05
Asml Holding (ASML) 0.0 $1.4M 1.3k 1069.86
Ufp Industries (UFPI) 0.0 $1.4M 16k 91.05
Rli (RLI) 0.0 $1.4M 22k 63.98
Apollo Investment Corp. (MFIC) 0.0 $1.4M 123k 11.44
Southern Copper Corporation (SCCO) 0.0 $1.3M 9.4k 143.47
Alamos Gold Inc New Class A (AGI) 0.0 $1.3M 35k 38.58
Mitsui & Co (MITSY) 0.0 $1.3M 2.2k 586.40
Royal Gold (RGLD) 0.0 $1.3M 5.8k 222.29
Sap (SAP) 0.0 $1.3M 5.3k 242.91
Anglo American (NGLOY) 0.0 $1.3M 62k 20.69
Bain Cap Specialty Fin (BCSF) 0.0 $1.3M 92k 13.91
Sony Corporation (SONY) 0.0 $1.3M 50k 25.60
Shopify Inc cl a (SHOP) 0.0 $1.3M 7.9k 160.97
Glencore Xstrata (GLNCY) 0.0 $1.3M 116k 10.93
Winnebago Industries (WGO) 0.0 $1.3M 31k 40.52
Itochu Corporation (ITOCY) 0.0 $1.2M 9.8k 126.45
Disco Un (DSCSY) 0.0 $1.2M 40k 30.46
Wheaton Precious Metals Corp (WPM) 0.0 $1.2M 10k 117.52
Chugai Pharmaceutic-unsp (CHGCY) 0.0 $1.2M 45k 26.27
Morgan Stanley Direct Le (MSDL) 0.0 $1.2M 72k 16.48
BAE Systems (BAESY) 0.0 $1.2M 13k 92.88
Franco-Nevada Corporation (FNV) 0.0 $1.2M 5.7k 207.28
Franklin Street Properties (FSP) 0.0 $1.2M 1.2M 0.95
BNP Paribas SA (BNPQY) 0.0 $1.2M 25k 47.40
Nintendo (NTDOY) 0.0 $1.1M 68k 16.86
Alibaba Group Holding (BABA) 0.0 $1.1M 7.7k 146.58
Freeport-McMoRan Copper & Gold (FCX) 0.0 $1.1M 22k 50.79
Techtronic Industries-sp (TTNDY) 0.0 $1.1M 20k 57.58
Cannae Holdings (CNNE) 0.0 $1.1M 70k 15.73
Colfax Corp (ENOV) 0.0 $1.1M 41k 26.64
Hong Kong Exchanges & Clear - (HKXCY) 0.0 $1.1M 21k 52.12
EQT Corporation (EQT) 0.0 $1.1M 20k 53.60
John B. Sanfilippo & Son (JBSS) 0.0 $1.1M 15k 70.60
Chesapeake Energy Corp (EXE) 0.0 $1.1M 9.7k 110.36
Solar Cap (SLRC) 0.0 $1.1M 69k 15.46
Exxon Mobil Corporation (XOM) 0.0 $1.1M 8.9k 120.34
Tokio Marine Holdings (TKOMY) 0.0 $1.1M 29k 36.98
Rheinmetall (RNMBY) 0.0 $1.1M 2.9k 365.50
L'Oreal (LRLCY) 0.0 $1.0M 12k 85.65
J&J Snack Foods (JJSF) 0.0 $1.0M 11k 90.37
Vulcan Materials Company (VMC) 0.0 $1.0M 3.6k 285.22
Haleon Plc Spon Ads (HLN) 0.0 $1.0M 99k 10.11
Esab Corporation (ESAB) 0.0 $998k 8.9k 111.72
Crescent Capital Bdc (CCAP) 0.0 $992k 71k 14.05
Antero Res (AR) 0.0 $987k 29k 34.46
Total Sa New Ord F (TTFNF) 0.0 $986k 15k 65.42
Marten Transport (MRTN) 0.0 $984k 87k 11.38
Nuveen Churchill Direct Lend (NCDL) 0.0 $972k 73k 13.34
Roche Holding (RHHBY) 0.0 $962k 19k 51.57
Cabot Oil & Gas Corporation (CTRA) 0.0 $961k 37k 26.32
Unilever 0.0 $935k 14k 65.40
Lundin Gold (LUGDF) 0.0 $930k 11k 83.04
LVMH Moet Hennessy Louis Vuitton SA (LVMUY) 0.0 $923k 6.1k 150.81
Icon (ICLR) 0.0 $915k 5.0k 182.22
Uranium Energy (UEC) 0.0 $913k 78k 11.68
Sea Ltd Adr Isin Us81141r1005 (SE) 0.0 $908k 7.1k 127.57
American Express Company (AXP) 0.0 $888k 2.4k 369.95
Denison Mines Corp (DNN) 0.0 $854k 321k 2.66
Putnam Etf Trust (PBDC) 0.0 $846k 28k 30.60
Nexgen Energy (NXE) 0.0 $829k 90k 9.20
Cameco Corporation (CCJ) 0.0 $815k 8.9k 91.49
Ishares Tr ibonds dec 27 (IBMP) 0.0 $807k 32k 25.39
Wal-mart de Mexico S A B de C V (WMMVY) 0.0 $797k 26k 31.17
Komatsu (KMTUY) 0.0 $748k 24k 31.75
Sibanye Stillwater (SBSW) 0.0 $709k 50k 14.25
Goldmansachsbdc (GSBD) 0.0 $704k 76k 9.28
Gold Fields (GFI) 0.0 $671k 15k 43.66
Kayne Anderson BDC (KBDC) 0.0 $665k 46k 14.32
Novo Nordisk A/S (NVO) 0.0 $664k 13k 50.88
Trinity Cap (TRIN) 0.0 $656k 45k 14.65
Curtiss-Wright (CW) 0.0 $640k 1.2k 551.27
Vista Oil & Gas S A B De C V (VIST) 0.0 $403k 8.3k 48.66
KB Financial (KB) 0.0 $393k 4.6k 86.03
Lynas Corporation Limited Sponsord (LYSDY) 0.0 $360k 44k 8.27
Advanced Semiconductor Engineering (ASX) 0.0 $341k 21k 16.10
Msc Income Fund (MSIF) 0.0 $331k 25k 13.14
Ishares Tr ibonds dec 26 (IBMO) 0.0 $330k 13k 25.64
Coca-Cola FEMSA, S.A.B. de C.V. (KOF) 0.0 $322k 3.4k 94.71
Tencent Holdings Ltd - (TCEHY) 0.0 $318k 4.1k 76.55
ICICI Bank (IBN) 0.0 $316k 11k 29.80
Airbus Group Nv - Unsp (EADSY) 0.0 $314k 5.4k 57.92
SPDR Gold Trust (GLD) 0.0 $308k 776.00 396.31
Shinhan Financial (SHG) 0.0 $304k 5.7k 53.63
Makemytrip Limited Mauritius (MMYT) 0.0 $301k 3.7k 82.12
Willis Towers Watson (WTW) 0.0 $299k 911.00 328.60
Palmer Square Capital BDC (PSBD) 0.0 $285k 23k 12.19
Portman Ridge Finance Corp (BCIC) 0.0 $284k 24k 11.83
Ishares Core Msci Eafe Etf core msci eafe (IEFA) 0.0 $283k 3.2k 89.46
Huazhu Group (HTHT) 0.0 $280k 5.9k 47.05
Mp Materials Corp (MP) 0.0 $275k 5.4k 50.52
American Centy Etf Tr (AVLC) 0.0 $272k 3.5k 78.62
Fomento Economico Mexicano SAB (FMX) 0.0 $266k 2.6k 101.08
Yum China Holdings (YUMC) 0.0 $260k 5.4k 47.74
Ramaco Res Inc Com Cl A (METC) 0.0 $258k 14k 18.00
Zto Express Cayman (ZTO) 0.0 $254k 12k 20.89
HDFC Bank (HDB) 0.0 $252k 6.9k 36.54
Infosys Technologies (INFY) 0.0 $252k 14k 17.82
MercadoLibre (MELI) 0.0 $250k 124.00 2014.26
Credicorp (BAP) 0.0 $247k 862.00 287.00
Ameriprise Financial (AMP) 0.0 $235k 480.00 490.34
JBS (JBS) 0.0 $230k 16k 14.42
Baidu (BIDU) 0.0 $227k 1.7k 130.66
Copa Holdings Sa-class A (CPA) 0.0 $227k 1.9k 120.61
Grupo Financiero Banorte (GBOOY) 0.0 $221k 4.8k 46.42
JPMorgan Chase & Co. (JPM) 0.0 $221k 685.00 322.22
NVIDIA Corporation (NVDA) 0.0 $212k 1.1k 186.50
Controladora Vuela Cia Spon Ad (VLRS) 0.0 $210k 24k 8.88
iShares Barclays 20+ Yr Treas.Bond (TLT) 0.0 $209k 2.4k 87.16
Dr. Reddy's Laboratories (RDY) 0.0 $207k 15k 14.04
Infineon Technologies (IFNNY) 0.0 $203k 4.6k 43.98
Visa (V) 0.0 $201k 573.00 350.71
Yandex Nv-a (NBIS) 0.0 $200k 2.4k 83.70
PennantPark Investment (PNNT) 0.0 $166k 28k 5.96
Pt Astra Intl Tbk (PTAIY) 0.0 $152k 19k 8.09
Runway Growth Finance Corp (RWAY) 0.0 $147k 16k 8.93
Ecopetrol (EC) 0.0 $109k 11k 10.02
Arcos Dorados Holdings (ARCO) 0.0 $78k 11k 7.34