Fund Holdings — CONFLUENCE INVESTMENT MANAGEMENT LLC

Total Portfolio Value
$6.67B
Total Bought
$401.26M
Total Sold
$837.02M
Net Transaction
-$435.77M
Filing Period:
Securities
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SharesValue ($K)
Q3 2025
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Q4 2025
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Change
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Q3 2025
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Q4 2025
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Weight (%)
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Change
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iShares Russell 1000 Value ETF18,923568,609+549,6863,853119,6011.79%+115,749
Honeywell International Inc.(HON)0517,167+517,1670100,8941.51%+100,894
Accenture plc
SHS CLASS A
209,255332,196+122,94151,60289,1281.34%+37,526
SPDR Portfolio S&P 500 Growth
ST STR P500GRW
293,303512,845+219,54230,65354,7210.82%+24,067
Thermo Fisher Scientific Inc.(TMO)83,22395,064+11,84140,36555,0850.83%+14,720
Keysight Technologies Inc.(KEYS)326,940334,338+7,39857,18867,9341.02%+10,746
SPDR Portfolio Developed World
ST STR PO EX ETF
1,474,3501,637,282+162,93263,08772,7121.09%+9,624
Analog Devices Inc.(ADI)613,557585,879-27,678150,751158,8902.38%+8,139
Cisco Systems Inc.(CSCO)1,707,6261,618,101-89,525116,836124,6421.87%+7,807
iShares BB Rated Corporate Bon
BB RAT CORP BD
270,829433,506+162,67712,81320,4310.31%+7,618
Chubb Ltd.
COM
538,662511,021-27,641152,037159,5002.39%+7,462
Charles River Laboratories Int(CRL)95,963105,626+9,66315,01421,0700.32%+6,056
Gilead Sciences Inc.(GILD)952,946909,835-43,111105,777111,6731.67%+5,896
iShares iBonds Dec 2026 Term C
IBONDS DEC2026
0243,126+243,12605,8910.09%+5,891
UniFirst Corp.(UNF)028,020+28,02005,4050.08%+5,405
U.S. Bancorp(USB)1,933,8121,846,512-87,30093,46198,5301.48%+5,069
Brown & Brown Inc.(BRO)298,360413,319+114,95927,98332,9410.49%+4,958
Nordson Corp.(NDSN)330,517328,669-1,84875,01179,0221.18%+4,011
Expeditors International of Wa(EXPD)177,080171,675-5,40521,70825,5810.38%+3,873
iShares Russell 2000 Value ETF021,203+21,20303,8420.06%+3,842
F&G Annuities and Life(FG)0121,300+121,30003,7420.06%+3,742
iShares Core MSCI Europe ETF
CORE MSCI EURO
180,698220,104+39,40612,30915,6230.23%+3,314
Dollar Tree Inc.(DLTR)273,626236,023-37,60325,82229,0330.44%+3,211
Avantis International Small Ca98,253124,409+26,1568,74711,6910.18%+2,943
S&P Global Inc.(SPGI)144,877140,159-4,71870,51373,2451.10%+2,733
Baldwin Insurance Group Inc.(BWIN)406,113579,503+173,39011,45613,9250.21%+2,469
Toro Co.(TORO)224,017241,309+17,29217,07018,9960.28%+1,926
iShares iBonds Dec 2034 Term T
IBONDS DEC 2034
642,704716,175+73,47116,65218,4840.28%+1,832
TJX Co. Inc.(TJX)603,340577,970-25,37087,20788,7821.33%+1,575
NXP Semiconductors N.V.
COM
210,735228,220+17,48547,99149,5380.74%+1,547
First Majestic Silver Corp.(AG)090,903+90,90301,5140.02%+1,514
iShares 3-7 Year Treasury Bond112,903125,647+12,74413,49314,9960.22%+1,503
Lundin Mining Corp.069,126+69,12601,4880.02%+1,488
Morningstar Inc.(MORN)60,23971,033+10,79413,97615,4360.23%+1,460
Invesco BulletShares 2032 Munc
BULLETSHS 32 MUN
52,186109,012+56,8261,3032,7370.04%+1,434
Invesco BulletShares 2026 Muni
BULSHS 2026 MUNI
105,266163,801+58,5352,4873,8730.06%+1,386
Invesco Bulletshares 2033 Muni
BULLE MUN ETF
248,222293,618+45,3966,3417,5910.11%+1,251
Amphenol Corp.208,223199,281-8,94225,76826,9310.40%+1,163
Medtronic plc(MDT)204,759215,117+10,35819,50120,6640.31%+1,163
EQT Corp.(EQT)020,116+20,11601,0780.02%+1,078
ESAB Corp.(ESAB)08,932+8,93209980.01%+998
TotalEnergies S.E.(TTE)015,067+15,06709860.01%+986
Donaldson Co. Inc.(DCI)303,816291,382-12,43424,86725,8340.39%+967
Unilever plc(UL)014,293+14,29309350.01%+935
Putnam BDC Income ETF027,635+27,63508460.01%+846
Aberdeen Standard Physical Pla10,74112,745+2,0041,5352,3760.04%+841
Alibaba Group Holding Ltd.(BABA)2,0187,742+5,7243611,1350.02%+774
iShares National Muni Bond ETF22,86129,933+7,0722,4343,2060.05%+772
SPDR Portfolio Mortgage Backed
ST STR BACKE ETF
4,222,2194,260,018+37,79994,74795,4881.43%+742
iShares Silver Trust ETF(SLV)24,67327,504+2,8311,0451,7720.03%+726
Invesco BulletShares 2034 Muni
BULLETSHARE 2034
340,971366,347+25,3768,2969,0050.13%+709
Sibanye Stillwater Ltd.(SBSW)049,766+49,76607090.01%+709
SPDR Portfolio S&P 500 Value E610,475603,839-6,63633,77834,3040.51%+527
Haemonetics Corp.(HAE)37,33228,687-8,6451,8202,2990.03%+480
SPDR Nuveen S&P High Yield Mun
ST NUVE HIGH ETF
106,825125,516+18,6912,6633,1300.05%+467
Littelfuse Inc.(LFUS)5,2657,217+1,9521,3641,8250.03%+462
Freeport-McMoRan Inc.(FCX)17,12922,157+5,0286721,1250.02%+454
Invesco BulletShares 2031 Muni133,904154,431+20,5272,8133,2640.05%+451
Sandoz Group27,97528,687+7121,6682,0880.03%+420
Core Natural Resources Inc.(CNR)17,22520,979+3,7541,4381,8570.03%+419
First Quantum Minerals Ltd.47,89255,068+7,1761,0821,4770.02%+395
Antofagasta plc30,68434,322+3,6381,1481,5220.02%+375
Glencore plc97,207115,912+18,7058941,2670.02%+373
Mitsui & Co. Ltd.1,9092,247+3389481,3180.02%+370
Newmont Mining Corp.(NEM)13,70315,137+1,4341,1551,5110.02%+356
Southern Copper Corp.(SCCO)8,2879,404+1,1171,0061,3490.02%+343
AerCap Holdings N.V.(AER)12,36012,748+3881,4961,8330.03%+337
Coterra Energy Inc.27,65836,515+8,8576549610.01%+307
Royal Gold Inc.(RGLD)4,9455,835+8909921,2970.02%+305
Alamos Gold Inc.29,99134,673+4,6821,0451,3380.02%+292
Lundin Gold Inc.9,90511,202+1,2976419300.01%+289
iShares Core MSCI EAFE ETF
CORE MSCI EAFE
03,164+3,16402830.00%+283
Exxon Mobil Corp.7,0368,884+1,8487931,0690.02%+276
Avantis US Large Cap Equity ET03,458+3,45802720.00%+272
Amglo Am PLC ADR53,30161,956+8,6551,0121,2820.02%+270
Wheaton Precious Metals Corp.(WPM)8,65710,389+1,7329681,2210.02%+253
Antero Resources Corp.(AR)22,41028,627+6,2177529860.01%+234
Chugai Pharms Co. Ltd.43,38845,369+1,9819591,1920.02%+233
Taiwan Semiconductor Manufactu(TSM)8,5738,634+612,3942,6240.04%+229
Roche Holding A.G.17,52618,649+1,1237339620.01%+229
Expand Energy Corp.(EXE)7,9459,714+1,7698441,0720.02%+228
LVMH Moet Hennessy Louis Vuitt5,7336,120+3877019230.01%+222
DBS Group Holdings Ltd.8,7569,064+3081,3861,5920.02%+206
Infineon Technologies A.G.(IFNNF)04,621+4,62102030.00%+203
ASML Holding N.V.
N Y REGISTRY SHS
1,2871,337+501,2461,4300.02%+184
iShares iBonds Dec 2029 Term M73,93581,442+7,5071,8882,0710.03%+184
Cameco Corp.(CCJ)7,6448,909+1,2656418150.01%+174
MSC Income Fund(MSIF)12,13125,157+13,0261593310.00%+171
iShares 1-5 Year Investment Gr120,237123,761+3,5246,3766,5440.10%+168
Haleon plc(HLN)93,63199,380+5,7498401,0050.02%+165
ITOCHU Corp.9,3819,827+4461,0801,2430.02%+163
Agnico Eagle Mines Ltd.(AEM)21,76122,589+8283,6683,8300.06%+161
ING Groep N.V.(ING)52,50154,501+2,0001,3691,5260.02%+157
SPDR S&P Dividend ETF
ST STR SP DIV
67,79169,342+1,5519,4949,6500.14%+156
Zurich Insurance Group A.G.37,77739,261+1,4841,3511,4930.02%+142
NexGen Energy Ltd(NXE)77,55090,138+12,5886948290.01%+135
Vulcan Materials Co.(VMC)2,9703,627+6579141,0340.02%+121
Vista Energy S.A.B. de C.V.(VIST)8,2718,27102854020.01%+118
ASE Technology Holding Co. Ltd(ASX)21,20021,20002353410.01%+106
BNP Paribas S.A.23,28924,545+1,2561,0601,1630.02%+103
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CONFLUENCE INVESTMENT MANAGEMENT LLC — 13F Holdings — Q4 2025 | TickerTrail