Fund HoldingsCONFLUENCE INVESTMENT MANAGEMENT LLC

Total Portfolio Value
$7.44B
Total Bought
$456.94M
Total Sold
$639.03M
Net Transaction
-$182.09M
Filing Period:
Securities
SharesValue ($K)
Q4 2023
Q1 2024
Change
Q4 2023
Q1 2024
Weight (%)
Change
WEC Energy Group Inc.(WEC)01,558,019+1,558,0190127,9451.72%+127,945
United Parcel Service Inc.(UPS)321,094673,993+352,89950,486100,1761.35%+49,690
Constellation Brands(STZ)0143,428+143,428038,9780.52%+38,978
Fastenal Co.(FAST)2,610,4482,533,823-76,625169,079195,4592.63%+26,380
iShares 1-3 Year Treasury Bond0313,351+313,351025,6260.34%+25,626
ResMed Inc.(RMD)0129,161+129,161025,5780.34%+25,578
T. Rowe Price Group Inc.(TROW)01,069,437+1,069,4370130,3861.75%+130,386
iShares MBS ETF0197,700+197,700018,2710.25%+18,271
Chubb Ltd.
COM
660,390640,344-20,046149,248165,9322.23%+16,684
W. R. Berkley Corp.953,554935,165-18,38967,43582,7061.11%+15,271
Colgate-Palmolive Co.(CL)1,475,6181,450,553-25,065117,622130,6221.76%+13,001
SPDR Gold MiniShares Trust ETF(GLDM)0615,603+615,603027,1170.36%+27,117
Stryker Corp.(SYK)271,827260,903-10,92481,40193,3691.26%+11,968
Microsoft Corp.(MSFT)435,989417,655-18,334163,949175,7162.36%+11,766
Oracle Corp.(ORCL)0591,938+591,938074,3531.00%+74,353
Home Depot Inc.(HD)401,209392,398-8,811139,039150,5242.02%+11,485
Linde plc(LIN)390,984369,588-21,396160,581171,6072.31%+11,026
iShares BB Rated Corporate Bon
BB RAT CORP BD
578,330806,665+228,33526,60937,3080.50%+10,699
Masco Corp.(MAS)1,025,660991,134-34,52668,69978,1811.05%+9,482
Berkshire Hathaway Inc. - B0165,585+165,585069,6320.94%+69,632
Brookfield Infrastructure Corp(BIPC)02,489,171+2,489,171089,7101.21%+89,710
Mastercard Inc.(MA)195,932191,308-4,62483,56792,1281.24%+8,561
iShares iBonds Dec 2033 Term C0321,458+321,45808,1910.11%+8,191
Invesco S&P MidCap Quality ETF
S&P MDCP QUALITY
498,312472,710-25,60244,20552,0220.70%+7,816
Brown & Brown Inc.(BRO)0566,579+566,579049,5980.67%+49,598
Clorox Co.(CLX)899,112885,835-13,277128,204135,6301.82%+7,426
SPDR Portfolio Mortgage Backed
ST STR BACKE ETF
2,207,6362,581,084+373,44848,72356,0610.75%+7,339
Lowe's Cos. Inc.(LOW)256,240251,667-4,57357,02664,1070.86%+7,081
Polaris Inc.(PII)01,087,590+1,087,5900108,8901.46%+108,890
Northern Trust Corp.(NTRS)1,168,9151,188,320+19,40598,633105,6651.42%+7,032
Gates Industrial Corp. plc
ORD SHS
1,598,4891,603,075+4,58621,45228,3900.38%+6,939
U.S. Bancorp(USB)1,979,4992,062,460+82,96185,67392,1921.24%+6,519
Pacer US Small Cap Cash Cows 1
US SM CAP CA ETF
674,038788,662+114,62432,37438,7710.52%+6,397
Vontier Corp.(VNT)621,310612,224-9,08621,46627,7700.37%+6,304
Dow Inc.(DOW)1,741,9081,746,166+4,25895,526101,1551.36%+5,629
Progressive Corp.(PGR)1,149,637912,107-237,530183,114188,6422.54%+5,528
Chevron Corp.(CVX)0784,081+784,0810123,6811.66%+123,681
iShares 1-5 Year Investment Gr0103,124+103,12405,2880.07%+5,288
iShares 3-7 Year Treasury Bond6,94048,858+41,9188135,6580.08%+4,845
SPDR S&P 400 Mid Cap Growth ET
ST STR SP400GRW
0425,999+425,999037,1850.50%+37,185
Hershey Co.(HSY)164,727180,412+15,68530,71235,0900.47%+4,379
SPDR S&P 600 Small Cap Growth
ST STR SP600GRWO
201,585242,435+40,85016,85921,1480.28%+4,289
TJX Cos. Inc.(TJX)929,656901,448-28,20887,21191,4251.23%+4,214
Thermo Fisher Scientific Inc.(TMO)87,56987,203-36646,48150,6830.68%+4,203
Martin Marietta Materials Inc.(MLM)36,52536,294-23118,22322,2820.30%+4,060
SPDR Portfolio S&P 500 Value E288,785343,760+54,97513,46617,2220.23%+3,756
Diageo plc(DEO)0843,581+843,5810125,4741.69%+125,474
SPDR Nuveen Barclays Capital S
ST NUVE TERM ETF
075,554+75,55403,5840.05%+3,584
Markel Corp. Inc.(MKL)040,051+40,051060,9370.82%+60,937
Ecolab Inc.(ECL)121,371118,739-2,63224,07427,4170.37%+3,343
Graco Inc.(GGG)0758,518+758,518070,8910.95%+70,891
Charles River Laboratories Int(CRL)97,21496,957-25722,98126,2700.35%+3,289
Amphenol Corp.270,413259,930-10,48326,80629,9830.40%+3,177
Amplify Cyber Security ETF049,152+49,15203,1510.04%+3,151
Alphabet Inc.(GOOG)451,666438,038-13,62863,65366,6960.90%+3,042
Kinder Morgan Inc.(KMI)4,795,1784,777,898-17,28084,58787,6271.18%+3,040
Entergy Corp.(ETR)881,763872,985-8,77889,22692,2571.24%+3,031
PepsiCo Inc.(PEP)0949,904+949,9040166,2432.24%+166,243
Invesco BulletShares 2029 Muni
BULSHS 2029 MUNI
0125,525+125,52502,9170.04%+2,917
Donaldson Co. Inc.(DCI)340,822335,000-5,82222,27325,0180.34%+2,745
NXP Semiconductors N.V.
COM
233,287226,459-6,82853,58156,1100.75%+2,528
Sapiens International Corp NV46,116118,375+72,2591,3353,8070.05%+2,472
abrdn Physical Silver Shares E0100,782+100,78202,4000.03%+2,400
SPDR Nuveen S&P High Yield Mun
ST NUVE HIGH ETF
177,493265,304+87,8114,4916,8160.09%+2,325
Sherwin-Williams Co.(SHW)86,64784,165-2,48227,02529,2330.39%+2,208
iShares National Muni Bond ETF019,761+19,76102,1260.03%+2,126
CarMax Inc.(KMX)138,891146,324+7,43310,65912,7460.17%+2,088
Procter & Gamble Co.(PG)0142,912+142,912023,1870.31%+23,187
Keysight Technologies Inc.(KEYS)319,864338,230+18,36650,88752,8920.71%+2,005
Azek Co. Inc.308,986274,672-34,31411,81913,7940.19%+1,975
SPDR Portfolio S&P 500 Growth
ST STR P500GRW
113,122126,245+13,1237,3609,2350.12%+1,875
Nuveen Churchill Direct Lendin0103,017+103,01701,8600.03%+1,860
Brookfield Corp.(BN)1,331,1821,317,556-13,62653,40755,1660.74%+1,759
Paychex Inc.(PAYX)1,216,3651,193,952-22,413144,881146,6171.97%+1,736
Ares Capital Corp.(ARCC)4,219,7444,141,554-78,19084,52186,2271.16%+1,706
Fidelity National Financial In(FNF)2,622,5512,548,912-73,639133,803135,3471.82%+1,545
General Dynamics Corp.(GD)91,26389,274-1,98923,69825,2190.34%+1,521
iShares iBonds Dec 2026 Term M
IBONDS DEC 26
069,218+69,21801,7550.02%+1,755
Medtronic plc(MDT)203,715209,001+5,28616,78218,2140.24%+1,432
Dun & Bradstreet Holdings Inc.2,441,8562,961,755+519,89928,57029,7360.40%+1,166
EOG Resources Inc.(EOG)0191,926+191,926024,5360.33%+24,536
UFP Technologies Inc.(UFPT)21,85719,024-2,8333,7604,7980.06%+1,038
Southern Co.(SO)1,816,7281,789,977-26,751127,389128,4131.73%+1,024
Nordson Corp.(NDSN)158,814156,241-2,57341,95242,8940.58%+942
Bain Capital Specialty Finance(BCSF)0117,336+117,33601,8400.02%+1,840
Palmer Square Capital BDC Inc.050,000+50,00008150.01%+815
Weyerhaeuser Co.(WY)02,269,758+2,269,758081,5071.10%+81,507
Chugai Pharms Co Ltd038,730+38,73007410.01%+741
ITOCHU Corp.08,387+8,38707180.01%+718
Blackstone Secured Lending Fun(BXSL)0188,309+188,30905,8660.08%+5,866
Illinois Tool Works Inc.(ITW)248,510245,021-3,48965,09565,7470.88%+652
Ecovyst Inc.(ECVT)0321,122+321,12203,5810.05%+3,581
Spectrum Brands Holdings Inc.0143,958+143,958012,8140.17%+12,814
SPDR S&P 500 ETF(SPY)29,58927,976-1,61314,06414,6330.20%+570
Rheinmetall AG10,30810,795+4876601,2160.02%+556
Morningstar Inc.(MORN)71,39168,054-3,33720,43520,9860.28%+551
Annaly Capital Management Inc.0135,648+135,64802,6710.04%+2,671
Main Street Capital Corp.(MAIN)0129,143+129,14306,1100.08%+6,110
SPDR Energy Select Sector ETF
ST STR ENERG ETF
039,024+39,02403,6840.05%+3,684
Healthcare Services Group Inc.(HCSG)0180,984+180,98402,2590.03%+2,259
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