Fund HoldingsCONFLUENCE INVESTMENT MANAGEMENT LLC

Total Portfolio Value
$6.40B
Total Bought
$588.68M
Total Sold
$806.56M
Net Transaction
-$217.88M
Filing Period:
Securities
SharesValue ($K)
Q1 2026
Q2 2026
Change
Q1 2026
Q2 2026
Weight (%)
Change
Stanley Black & Decker Inc.(SWK)01,348,374+1,348,3740126,9091.98%+126,909
iShares 0-3 Month Treasury Bon04,414,155+4,414,1550313,8474.90%+313,847
Honeywell International Inc.0240,572+240,572053,8640.84%+53,864
Honeywell Aerospace Inc.0241,062+241,062053,2940.83%+53,294
Clorox Co.(CLX)932,5751,247,644+315,06996,643119,0751.86%+22,432
AptarGroup Inc.0160,935+160,935020,1490.31%+20,149
Northern Trust Corp.(NTRS)0660,416+660,4160114,8071.79%+114,807
T. Rowe Price Group Inc.(TROW)0936,409+936,4090106,4601.66%+106,460
SPDR Portfolio S&P 500 Value E790,4041,047,254+256,85044,72163,6630.99%+18,941
Zoetis Inc.(ZTS)141,863465,449+323,58616,77033,4470.52%+16,678
SPDR Portfolio S&P 500 Growth
ST STR P500GRW
0573,709+573,709068,2661.07%+68,266
iShares Barclays 10-20 Year Tr0335,581+335,581033,6760.53%+33,676
Masco Corp.(MAS)0768,680+768,680062,5480.98%+62,548
State Street Energy Select Sec
ST STR ENERG ETF
0230,673+230,673012,2510.19%+12,251
U.S. Bancorp(USB)01,734,918+1,734,9180104,7891.64%+104,789
SPDR Gold MiniShares Trust ETF(GLDM)0522,617+522,617041,5060.65%+41,506
SPDR S&P Dividend ETF
ST STR SP DIV
68,710132,295+63,58510,02820,1330.31%+10,105
Snap-on Inc.(SNA)0417,132+417,1320167,8542.62%+167,854
Booking Holdings Inc.(BKNG)0194,765+194,765034,7150.54%+34,715
Floor & Decor Holdings Inc.(FND)0131,310+131,31007,7950.12%+7,795
Ryan Specialty Group(RYAN)0189,001+189,00107,1370.11%+7,137
Vanguard FTSE Pacific Index Fu060,466+60,46606,9950.11%+6,995
Global X Defense Tech ETF
DEFENSE TECH ETF
123,276262,921+139,6458,73315,6990.25%+6,966
Progressive Corp.(PGR)0557,408+557,4080121,7661.90%+121,766
Stevanato Group S.p.A.
ORD SHS
0335,493+335,49306,0620.09%+6,062
Carrier Global Corp.(CARR)511,137472,778-38,35928,78234,6780.54%+5,896
iShares iBonds Dec 2035 Term T
IBONDS DEC 2035
01,044,548+1,044,548026,2020.41%+26,202
Home Depot Inc.(HD)0311,263+311,2630109,7761.72%+109,776
Colgate-Palmolive Co.(CL)1,250,0901,209,372-40,718106,545110,8751.73%+4,330
Paychex Inc.(PAYX)0952,424+952,424093,6521.46%+93,652
Trex Company Inc.(TREX)390,641354,325-36,31614,22717,7300.28%+3,503
Charles River Laboratories Int(CRL)091,632+91,632020,7810.32%+20,781
BondBloxx Bloomberg One Year T
BLOOMBERG ONE YR
060,474+60,47402,9860.05%+2,986
Nordson Corp.(NDSN)308,267281,120-27,14782,01884,8111.33%+2,793
i3 Verticals Inc.120,314230,530+110,2162,6904,9240.08%+2,234
Thermo Fisher Scientific Inc.(TMO)092,781+92,781046,5170.73%+46,517
SPDR Portfolio Developed World
ST STR PO EX ETF
01,482,773+1,482,773074,7171.17%+74,717
SPDR Industrial Select Sector
ST STR INDL ETF
010,894+10,89402,0180.03%+2,018
iShares Core MSCI Europe ETF
CORE MSCI EURO
0229,242+229,242017,2320.27%+17,232
Xtrackers Municipal Infrastruc072,103+72,10301,8250.03%+1,825
Tourmaline Oil Corp.(TRMLF)033,988+33,98801,4210.02%+1,421
CF Industries Holdings Inc.(CF)012,115+12,11501,3120.02%+1,312
BP PLC ADR (1:6)(BP)035,263+35,26301,3030.02%+1,303
Occidental Petroleum Corp.(OXY)026,565+26,56501,2900.02%+1,290
CRH plc
ORD
011,823+11,82301,2650.02%+1,265
Devon Energy Corp.(DVN)028,927+28,92701,1950.02%+1,195
Expeditors International of Wa(EXPD)0148,269+148,269024,1650.38%+24,165
Valvoline Inc.(VVV)431,559396,145-35,41414,53515,6640.24%+1,129
ASML Holding N.V.
N Y REGISTRY SHS
1,4401,439-11,9022,8630.04%+961
iShares iBonds Dec 2034 Term T
IBONDS DEC 2034
919,178965,101+45,92323,55924,4990.38%+940
Avantis International Small Ca120,837125,698+4,86112,06712,9530.20%+886
New Hope Corp. Ltd.0230,475+230,47508710.01%+871
TripAdvisor Inc.(TRIP)0376,853+376,85305,1670.08%+5,167
Badger Meter Inc.05,290+5,29007850.01%+785
Taiwan Semiconductor Manufactu(TSM)8,5977,622-9752,9053,6400.06%+735
iShares MSCI Global Metals & M
MSCI GBL ETF NEW
143,972152,199+8,2278,1478,8500.14%+703
Cavco Industries Inc.(CVCO)07,310+7,31004,4910.07%+4,491
Gladstone Investment Corp.(GAIN)036,982+36,98205720.01%+572
S&P Global Inc.(SPGI)0141,607+141,607057,6710.90%+57,671
Ares Capital Corp.(ARCC)03,367,580+3,367,580062,4010.97%+62,401
Disco Corp.42,79842,521-2771,7402,2270.03%+487
ASE Technology Holding Co. Ltd(ASX)020,488+20,48809240.01%+924
Nebius Group N.V.(NBIS)02,475+2,47506840.01%+684
Techtronic Industries Co. Ltd.21,54322,118+5751,4331,8450.03%+412
Blue Owl Capital Corp.(OBDC)0263,324+263,32402,8620.04%+2,862
Cameco Corp.(CCJ)9,02212,856+3,8349801,3100.02%+330
Blue Owl Technology Finance031,100+31,10003220.01%+322
Hercules Capital Inc.(HCXY)0276,182+276,18204,3550.07%+4,355
ESAB Corp.(ESAB)11,81714,709+2,8921,1421,4510.02%+309
ERO Copper Corp.(ERO)011,428+11,42803050.00%+305
UFP Technologies Inc.(UFPT)04,851+4,85101,2860.02%+1,286
Haemonetics Corp.(HAE)019,455+19,45501,4590.02%+1,459
UFP Industries Inc.(UFPI)016,254+16,25401,4750.02%+1,475
NU Holdings Ltd(NU)021,385+21,38502860.00%+286
Hayward Holdings Inc.(HAYW)088,331+88,33101,5290.02%+1,529
Infineon Technologies A.G.(IFNNF)05,307+5,30704990.01%+499
Amglo Am PLC ADR065,991+65,99101,6310.03%+1,631
Novo Nordisk A.S.(NVO)017,385+17,38508330.01%+833
First Quantum Minerals Ltd.058,484+58,48401,5950.02%+1,595
Trinity Capital Inc.(TRIN)048,503+48,50308680.01%+868
MakeMyTrip Ltd.
SHS
04,680+4,68002490.00%+249
Marten Transport Ltd.(MRTN)075,256+75,25601,3060.02%+1,306
ING Groep N.V.(ING)056,589+56,58901,7760.03%+1,776
Sea Ltd.(SE)09,535+9,53509140.01%+914
Mitsubishi UFJ Financial(MUFG)111,432106,721-4,7111,8912,1230.03%+232
Sandoz Group027,141+27,14102,4560.04%+2,456
Dollar Tree Inc.(DLTR)0134,143+134,143016,2250.25%+16,225
Safran S.A.017,366+17,36601,7070.03%+1,707
BNP Paribas S.A.025,868+25,86801,5070.02%+1,507
Waste Connections Inc.(WCN)01,244+1,24402070.00%+207
Gates Industrial Corp. plc
ORD SHS
065,517+65,51701,8330.03%+1,833
NVIDIA Corp.(NVDA)01,013+1,01302030.00%+203
JBT Marel Corp.(JBTM)049,946+49,94607,2420.11%+7,242
Vulcan Materials Co.(VMC)04,194+4,19401,2370.02%+1,237
RBC Bearings Inc.(RBC)02,552+2,55201,6440.03%+1,644
Capital Southwest Corp.(CSWC)95,33995,362+232,1092,2670.04%+158
Linde plc(LIN)283,072270,727-12,345140,336140,4912.20%+155
Berkshire Hathaway Inc. - A05+503,7440.06%+3,744
DBS Group Holdings Ltd.9,7839,372-4111,7541,9010.03%+148
Spectrum Brands Holdings Inc.019,165+19,16501,6430.03%+1,643
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