CONFLUENCE INVESTMENT MANAGEMENT LLC
Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q1 2026 ▲▼ | Q2 2026 ▲▼ | Change ▲▼ | Q1 2026 ▲▼ | Q2 2026 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| Stanley Black & Decker Inc.(SWK) | 0 | 1,348,374 | +1,348,374 | 0 | 126,908,981 | 1.98% | +126,908,981 |
| iShares 0-3 Month Treasury Bon | 3,702,014 | 4,414,155 | +712,141 | 216,819,474 | 313,846,952 | 4.90% | +97,027,478 |
| Honeywell International Inc. | 0 | 240,572 | +240,572 | 0 | 53,863,959 | 0.84% | +53,863,959 |
| Honeywell Aerospace Inc. | 0 | 241,062 | +241,062 | 0 | 53,293,885 | 0.83% | +53,293,885 |
| Clorox Co.(CLX) | 932,575 | 1,247,644 | +315,069 | 96,642,765 | 119,075,118 | 1.86% | +22,432,353 |
| AptarGroup Inc. | 0 | 160,935 | +160,935 | 0 | 20,149,062 | 0.31% | +20,149,062 |
| Northern Trust Corp.(NTRS) | 680,260 | 660,416 | -19,844 | 94,943,881 | 114,806,661 | 1.79% | +19,862,780 |
| T. Rowe Price Group Inc.(TROW) | 963,167 | 936,409 | -26,758 | 86,819,854 | 106,460,307 | 1.66% | +19,640,453 |
| SPDR Portfolio S&P 500 Value E | 790,404 | 1,047,254 | +256,850 | 44,721,069 | 63,662,541 | 0.99% | +18,941,472 |
| Zoetis Inc.(ZTS) | 141,863 | 465,449 | +323,586 | 16,769,611 | 33,447,156 | 0.52% | +16,677,545 |
| SPDR Portfolio S&P 500 Growth | 528,353 | 573,709 | +45,356 | 51,730,993 | 68,265,581 | 1.07% | +16,534,588 |
| iShares Barclays 10-20 Year Tr | 205,868 | 335,581 | +129,713 | 20,735,025 | 33,675,553 | 0.53% | +12,940,528 |
| Masco Corp.(MAS) | 828,604 | 768,680 | -59,924 | 50,022,836 | 62,547,513 | 0.98% | +12,524,677 |
| State Street Energy Select Sec | 0 | 230,673 | +230,673 | 0 | 12,251,043 | 0.19% | +12,251,043 |
| U.S. Bancorp(USB) | 1,784,403 | 1,734,918 | -49,485 | 92,806,795 | 104,789,018 | 1.64% | +11,982,223 |
| SPDR Gold MiniShares Trust ETF(GLDM) | 332,974 | 522,617 | +189,643 | 30,863,360 | 41,506,242 | 0.65% | +10,642,882 |
| SPDR S&P Dividend ETF | 68,710 | 132,295 | +63,585 | 10,027,537 | 20,132,654 | 0.31% | +10,105,117 |
| Snap-on Inc.(SNA) | 435,896 | 417,132 | -18,764 | 158,326,022 | 167,853,845 | 2.62% | +9,527,823 |
| Booking Holdings Inc.(BKNG) | 6,143 | 194,765 | +188,622 | 25,864,451 | 34,714,895 | 0.54% | +8,850,444 |
| Floor & Decor Holdings Inc.(FND) | 0 | 131,310 | +131,310 | 0 | 7,794,562 | 0.12% | +7,794,562 |
| Ryan Specialty Group(RYAN) | 0 | 189,001 | +189,001 | 0 | 7,136,678 | 0.11% | +7,136,678 |
| Vanguard FTSE Pacific Index Fu | 0 | 60,466 | +60,466 | 0 | 6,995,312 | 0.11% | +6,995,312 |
| Global X Defense Tech ETF | 123,276 | 262,921 | +139,645 | 8,732,872 | 15,699,013 | 0.25% | +6,966,141 |
| Progressive Corp.(PGR) | 580,259 | 557,408 | -22,851 | 115,030,514 | 121,765,607 | 1.90% | +6,735,093 |
| Stevanato Group S.p.A. | 0 | 335,493 | +335,493 | 0 | 6,062,359 | 0.09% | +6,062,359 |
| Carrier Global Corp.(CARR) | 511,137 | 472,778 | -38,359 | 28,782,102 | 34,678,263 | 0.54% | +5,896,161 |
| iShares iBonds Dec 2035 Term T | 807,886 | 1,044,548 | +236,662 | 20,442,424 | 26,202,487 | 0.41% | +5,760,063 |
| Home Depot Inc.(HD) | 319,923 | 311,263 | -8,660 | 105,219,329 | 109,776,232 | 1.72% | +4,556,903 |
| Colgate-Palmolive Co.(CL) | 1,250,090 | 1,209,372 | -40,718 | 106,545,167 | 110,875,229 | 1.73% | +4,330,062 |
| Paychex Inc.(PAYX) | 969,809 | 952,424 | -17,385 | 89,338,783 | 93,651,844 | 1.46% | +4,313,061 |
| Trex Company Inc.(TREX) | 390,641 | 354,325 | -36,316 | 14,227,145 | 17,730,423 | 0.28% | +3,503,278 |
| Charles River Laboratories Int(CRL) | 100,534 | 91,632 | -8,902 | 17,342,115 | 20,781,222 | 0.32% | +3,439,107 |
| BondBloxx Bloomberg One Year T | 0 | 60,474 | +60,474 | 0 | 2,985,601 | 0.05% | +2,985,601 |
| Nordson Corp.(NDSN) | 308,267 | 281,120 | -27,147 | 82,017,605 | 84,810,940 | 1.33% | +2,793,335 |
| i3 Verticals Inc. | 120,314 | 230,530 | +110,216 | 2,690,221 | 4,924,121 | 0.08% | +2,233,900 |
| Thermo Fisher Scientific Inc.(TMO) | 90,151 | 92,781 | +2,630 | 44,312,059 | 46,516,787 | 0.73% | +2,204,728 |
| SPDR Portfolio Developed World | 1,592,493 | 1,482,773 | -109,720 | 72,697,305 | 74,716,932 | 1.17% | +2,019,627 |
| SPDR Industrial Select Sector | 0 | 10,894 | +10,894 | 0 | 2,017,895 | 0.03% | +2,017,895 |
| iShares Core MSCI Europe ETF | 217,396 | 229,242 | +11,846 | 15,276,417 | 17,232,121 | 0.27% | +1,955,704 |
| Xtrackers Municipal Infrastruc | 0 | 72,103 | +72,103 | 0 | 1,824,927 | 0.03% | +1,824,927 |
| Tourmaline Oil Corp.(TRMLF) | 0 | 33,988 | +33,988 | 0 | 1,420,970 | 0.02% | +1,420,970 |
| CF Industries Holdings Inc.(CF) | 0 | 12,115 | +12,115 | 0 | 1,311,570 | 0.02% | +1,311,570 |
| BP PLC ADR (1:6)(BP) | 0 | 35,263 | +35,263 | 0 | 1,302,968 | 0.02% | +1,302,968 |
| Occidental Petroleum Corp.(OXY) | 0 | 26,565 | +26,565 | 0 | 1,290,262 | 0.02% | +1,290,262 |
| CRH plc | 0 | 11,823 | +11,823 | 0 | 1,265,061 | 0.02% | +1,265,061 |
| Devon Energy Corp.(DVN) | 0 | 28,927 | +28,927 | 0 | 1,195,264 | 0.02% | +1,195,264 |
| Expeditors International of Wa(EXPD) | 160,703 | 148,269 | -12,434 | 23,017,480 | 24,164,811 | 0.38% | +1,147,331 |
| Valvoline Inc.(VVV) | 431,559 | 396,145 | -35,414 | 14,534,907 | 15,663,573 | 0.24% | +1,128,666 |
| ASML Holding N.V. | 1,440 | 1,439 | -1 | 1,901,995 | 2,862,804 | 0.04% | +960,809 |
| iShares iBonds Dec 2034 Term T | 919,178 | 965,101 | +45,923 | 23,558,521 | 24,498,982 | 0.38% | +940,461 |
| Avantis International Small Ca | 120,837 | 125,698 | +4,861 | 12,066,783 | 12,953,179 | 0.20% | +886,396 |
| New Hope Corp. Ltd. | 0 | 230,475 | +230,475 | 0 | 871,195 | 0.01% | +871,195 |
| TripAdvisor Inc.(TRIP) | 410,791 | 376,853 | -33,938 | 4,379,032 | 5,166,654 | 0.08% | +787,622 |
| Badger Meter Inc. | 0 | 5,290 | +5,290 | 0 | 784,930 | 0.01% | +784,930 |
| Taiwan Semiconductor Manufactu(TSM) | 8,597 | 7,622 | -975 | 2,905,356 | 3,640,039 | 0.06% | +734,683 |
| iShares MSCI Global Metals & M | 143,972 | 152,199 | +8,227 | 8,147,375 | 8,850,372 | 0.14% | +702,997 |
| Cavco Industries Inc.(CVCO) | 7,990 | 7,310 | -680 | 3,869,477 | 4,491,118 | 0.07% | +621,641 |
| Gladstone Investment Corp. | 0 | 36,982 | +36,982 | 0 | 571,742 | 0.01% | +571,742 |
| S&P Global Inc.(SPGI) | 134,280 | 141,607 | +7,327 | 57,114,432 | 57,670,844 | 0.90% | +556,412 |
| Ares Capital Corp.(ARCC) | 3,435,289 | 3,367,580 | -67,709 | 61,903,907 | 62,401,253 | 0.97% | +497,346 |
| Disco Corp. | 42,798 | 42,521 | -277 | 1,739,739 | 2,226,825 | 0.03% | +487,086 |
| ASE Technology Holding Co. Ltd(ASX) | 21,543 | 20,488 | -1,055 | 467,052 | 924,419 | 0.01% | +457,367 |
| Nebius Group N.V.(NBIS) | 2,427 | 2,475 | +48 | 251,826 | 683,521 | 0.01% | +431,695 |
| Techtronic Industries Co. Ltd. | 21,543 | 22,118 | +575 | 1,433,040 | 1,844,641 | 0.03% | +411,601 |
| Blue Owl Capital Corp.(OBDC) | 224,365 | 263,324 | +38,959 | 2,481,479 | 2,862,334 | 0.04% | +380,855 |
| Cameco Corp.(CCJ) | 9,022 | 12,856 | +3,834 | 979,879 | 1,309,512 | 0.02% | +329,633 |
| Blue Owl Technology Finance | 0 | 31,100 | +31,100 | 0 | 321,885 | 0.01% | +321,885 |
| Hercules Capital Inc.(HCXY) | 273,343 | 276,182 | +2,839 | 4,037,276 | 4,355,391 | 0.07% | +318,115 |
| ESAB Corp.(ESAB) | 11,817 | 14,709 | +2,892 | 1,142,231 | 1,450,749 | 0.02% | +308,518 |
| ERO Copper Corp.(ERO) | 0 | 11,428 | +11,428 | 0 | 305,074 | 0.00% | +305,074 |
| UFP Technologies Inc.(UFPT) | 5,097 | 4,851 | -246 | 986,779 | 1,286,145 | 0.02% | +299,366 |
| Haemonetics Corp.(HAE) | 20,624 | 19,455 | -1,169 | 1,162,369 | 1,459,125 | 0.02% | +296,756 |
| UFP Industries Inc.(UFPI) | 12,900 | 16,254 | +3,354 | 1,188,362 | 1,474,901 | 0.02% | +286,539 |
| NU Holdings Ltd(NU) | 0 | 21,385 | +21,385 | 0 | 285,704 | 0.00% | +285,704 |
| Hayward Holdings Inc.(HAYW) | 93,408 | 88,331 | -5,077 | 1,249,799 | 1,529,009 | 0.02% | +279,210 |
| Infineon Technologies A.G.(IFNNF) | 5,221 | 5,307 | +86 | 236,041 | 498,646 | 0.01% | +262,605 |
| Amglo Am PLC ADR | 63,316 | 65,991 | +2,675 | 1,368,892 | 1,630,638 | 0.03% | +261,746 |
| Novo Nordisk A.S.(NVO) | 15,686 | 17,385 | +1,699 | 576,460 | 833,437 | 0.01% | +256,977 |
| First Quantum Minerals Ltd. | 56,146 | 58,484 | +2,338 | 1,339,924 | 1,595,444 | 0.02% | +255,520 |
| Trinity Capital Inc.(TRIN) | 41,824 | 48,503 | +6,679 | 615,231 | 867,719 | 0.01% | +252,488 |
| MakeMyTrip Ltd. | 0 | 4,680 | +4,680 | 0 | 249,397 | 0.00% | +249,397 |
| Marten Transport Ltd.(MRTN) | 80,613 | 75,256 | -5,357 | 1,058,454 | 1,305,698 | 0.02% | +247,244 |
| ING Groep N.V.(ING) | 59,003 | 56,589 | -2,414 | 1,537,028 | 1,775,763 | 0.03% | +238,735 |
| Sea Ltd.(SE) | 8,232 | 9,535 | +1,303 | 681,692 | 913,739 | 0.01% | +232,047 |
| Mitsubishi UFJ Financial(MUFG) | 111,432 | 106,721 | -4,711 | 1,891,001 | 2,122,681 | 0.03% | +231,680 |
| Sandoz Group | 28,479 | 27,141 | -1,338 | 2,227,058 | 2,455,989 | 0.04% | +228,931 |
| Dollar Tree Inc.(DLTR) | 146,113 | 134,143 | -11,970 | 16,000,889 | 16,224,656 | 0.25% | +223,767 |
| Safran S.A. | 18,079 | 17,366 | -713 | 1,483,020 | 1,706,557 | 0.03% | +223,537 |
| BNP Paribas S.A. | 27,150 | 25,868 | -1,282 | 1,292,068 | 1,507,328 | 0.02% | +215,260 |
| Waste Connections Inc.(WCN) | 0 | 1,244 | +1,244 | 0 | 207,362 | 0.00% | +207,362 |
| Gates Industrial Corp. plc | 71,924 | 65,517 | -6,407 | 1,626,201 | 1,832,511 | 0.03% | +206,310 |
| NVIDIA Corp.(NVDA) | 0 | 1,013 | +1,013 | 0 | 202,691 | 0.00% | +202,691 |
| JBT Marel Corp.(JBTM) | 55,124 | 49,946 | -5,178 | 7,048,651 | 7,242,108 | 0.11% | +193,457 |
| Vulcan Materials Co.(VMC) | 3,913 | 4,194 | +281 | 1,065,510 | 1,237,272 | 0.02% | +171,762 |
| RBC Bearings Inc.(RBC) | 2,722 | 2,552 | -170 | 1,478,373 | 1,643,642 | 0.03% | +165,269 |
| Capital Southwest Corp.(CSWC) | 95,339 | 95,362 | +23 | 2,108,899 | 2,266,755 | 0.04% | +157,856 |
| Linde plc(LIN) | 283,072 | 270,727 | -12,345 | 140,335,595 | 140,491,020 | 2.20% | +155,425 |
| Berkshire Hathaway Inc. - A | 5 | 5 | 0 | 3,590,700 | 3,744,250 | 0.06% | +153,550 |
| DBS Group Holdings Ltd. | 9,783 | 9,372 | -411 | 1,753,798 | 1,901,485 | 0.03% | +147,687 |
| Spectrum Brands Holdings Inc. | 20,397 | 19,165 | -1,232 | 1,503,282 | 1,643,425 | 0.03% | +140,143 |