Q3 2026 13F · SEC CIK 1442056

Confluence Investment Management LLC

Wealth managerFiled 2026-10-01 for Q3 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $6.0B
Reported positions: 294
Top holdings a year, 3 yrs: +7.5%
Assets under management: $6.7B

Confluence Investment Management LLC is a wealth manager that reported 294 positions worth $6.0B in its Q3 2026 13F, filed 2026-10-01. Its largest holdings were Ishares Tr (SGOV, 3.6%), Chevron Corporation (CVX, 2.4%), Chubb Limited (CB, 2.4%). A portfolio copying its top holdings returned 7.5% a year over the last 3 years, against 20.4% for the S&P 500.

Confluence Investment Management LLC holdings largest 50 of 294 positions.

Weights are shares of the filer's total reported 13F value, compared with Q2 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Confluence Investment Management LLC 13F holdings
Stock	% of 13F value	Q2 2026	Shares	Share change	Reported value
SGOVIshares Tr	3.6%	4.4%	2,152,535	-22.8%	$216.7M
CVXChevron Corporation	2.4%	1.9%	707,297	-4.8%	$144.4M
CBChubb Limited	2.4%	2.5%	433,925	-5.8%	$141.1M
ZTSZoetis Inc	2.2%	—	1,864,087	—	$130.2M
LMTLockheed Martin Corp	2.1%	2.1%	246,632	-4.6%	$125.6M
LINLinde PLC	2.1%	2.2%	258,362	-4.6%	$122.6M
GILDGilead Sciences Inc	2.0%	1.6%	791,297	-5.0%	$117.9M
SWKStanley Black & Decker Inc	1.9%	2.0%	1,302,499	-3.4%	$115.4M
WECWec Energy Group Inc	1.9%	2.2%	1,141,313	-4.2%	$115.0M
MDLZMondelez International	1.9%	1.8%	1,965,985	-3.8%	$113.7M
ADIAnalog Devices Inc	1.9%	1.8%	282,267	-3.8%	$112.0M
PGRProgressive Corp	1.9%	1.9%	537,474	-3.6%	$111.4M
ETREntergy Corp New	1.9%	2.1%	1,114,210	-3.7%	$110.6M
SNASnap on Inc	1.8%	2.6%	302,742	-27.4%	$110.0M
SOSouthern Co	1.8%	2.0%	1,315,100	-4.0%	$109.0M
NTRSNorthern Trust Corp	1.8%	1.8%	629,512	-4.7%	$106.6M
CLColgate Palmolive Co	1.7%	1.7%	1,161,221	-4.0%	$99.1M
HSYHershey Co	1.6%	1.8%	624,895	-5.8%	$98.5M
KMIKinder Morgan Inc Del	1.6%	1.7%	3,263,650	-3.1%	$98.4M
WSOWatsco	1.6%	—	320,431	—	$97.0M
USBUS Bancorp	1.6%	1.6%	1,678,810	-3.2%	$97.0M
AWKAmerican Wtr Wks Co Inc New Com	1.6%	1.6%	745,410	-4.5%	$96.5M
NKENike Inc	1.6%	—	2,720,616	—	$96.3M
CLXClorox Company	1.6%	1.9%	1,170,417	-6.2%	$94.8M
TROWPrice T Rowe Group Inc	1.6%	1.7%	894,846	-4.4%	$93.1M
PAYXPaychex Inc	1.5%	1.5%	912,572	-4.2%	$89.9M
CSCOCisco Sys Inc	1.5%	1.5%	820,548	-2.5%	$88.3M
HDHome Depot Inc	1.4%	1.7%	299,681	-3.7%	$85.3M
NDSNNordson Corp	1.4%	1.3%	255,613	-9.1%	$83.8M
BRBroadridge Finl Solutions in	1.4%	1.1%	508,021	-2.9%	$81.8M
PAYCPaycom Software Inc	1.2%	0.7%	330,788	-11.6%	$72.0M
FNFFidelity Natl Finl Inc Com Shs	1.2%	1.4%	1,857,255	-2.7%	$71.8M
SPDWSpdr Index Shs Fds	1.2%	1.2%	1,419,786	-4.2%	$71.3M
MSFTMicrosoft Corp	1.2%	0.8%	136,113	-4.7%	$69.8M
SPMBSpdr Ser Tr	1.2%	1.2%	3,301,336	-2.1%	$69.8M
MAMastercard Incorporated	1.2%	1.1%	125,090	-8.4%	$69.0M
HONAHoneywell Aerospace Inc	1.1%	0.8%	426,663	+77.0%	$66.1M
WRBBerkley W R Corp	1.1%	1.1%	946,290	-8.3%	$63.9M
SPYVState Street Spdr Portfolio S&p 500 Valu	1.1%	1.0%	1,029,031	-1.7%	$62.9M
SPYGState Street Spdr Portfolio S&p 500 Grow	1.1%	1.1%	510,696	-11.0%	$62.9M
ARCCAres Capital Corp	1.0%	1.0%	3,275,333	-2.7%	$62.6M
ACNAccenture PLC Ireland	1.0%	—	332,607	—	$61.0M
TMOThermo Fisher Scientific Inc	1.0%	0.7%	85,793	-7.5%	$57.9M
SYKStryker Corporation	0.9%	1.0%	196,130	-7.5%	$54.0M
APDAir Products and Chemicals I	0.9%	0.9%	188,435	-7.1%	$52.4M
SPGIS&p Global Inc	0.9%	0.9%	131,526	-7.1%	$51.9M
TJXTjx Cos Inc New	0.8%	1.0%	373,592	-8.2%	$49.4M
MASMasco Corp	0.8%	1.0%	707,047	-8.0%	$47.7M
HONHoneywell Intl Inc	0.8%	0.8%	222,870	-7.4%	$47.0M
ITWIllinois Tool Wks Inc	0.8%	0.8%	178,095	-7.7%	$45.8M

What Confluence Investment Management LLC bought and sold in Q3 2026, against Q2 2026.

New positions

Q2 2026's filing was too long to tell new positions apart.

Share counts compared with the Q2 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +7.5% /yr; S&P 500 +20.1%
3 years: +7.5% /yr; S&P 500 +20.4%
5 years: +4.5% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q3 2026	$6.0B	294
Q2 2026	$6.4B	290
Q1 2026	$6.4B	283
Q4 2025	$6.7B	296
Q3 2025	$7.0B	294
Q2 2025	$7.1B	287
Q1 2025	$6.9B	294
Q4 2024	$7.2B	299
Q3 2024	$7.5B	298
Q2 2024	$6.9B	299
Q1 2024	$7.4B	296
Q3 2023	$6.5B	290

Questions about Confluence Investment Management LLC's portfolio

What stocks does Confluence Investment Management LLC own?

Confluence Investment Management LLC's latest 13F, for Q3 2026 and filed Oct 1, 2026, lists 294 positions worth $6.0B. The largest are Ishares Tr (SGOV) at 3.6%, Chevron Corporation (CVX) at 2.4%, Chubb Limited (CB) at 2.4%, Zoetis Inc (ZTS) at 2.2% and Lockheed Martin Corp (LMT) at 2.1%.

What did Confluence Investment Management LLC buy last quarter?

In Q3 2026, Confluence Investment Management LLC added Honeywell Aerospace Inc (HONA) (+77.0% shares), compared with its Q2 2026 filing.

What did Confluence Investment Management LLC sell last quarter?

In Q3 2026, Confluence Investment Management LLC cut from its top 50 Fastenal Co (FAST), cut from its top 50 Diageo PLC (DEO), cut from its top 50 Dow Hldgs Inc (DOW), cut from its top 50 Berkshire Hathaway Inc Del (BRK-B), Snap on Inc (SNA) (-27.4% shares), Ishares Tr (SGOV) (-22.8% shares) and Paycom Software Inc (PAYC) (-11.6% shares), compared with its Q2 2026 filing.

How has Confluence Investment Management LLC's portfolio performed?

A portfolio copying Confluence Investment Management LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +7.5% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +7.5% against +20.1%. Over 5 years: +4.5% a year against +11.6%.

When is Confluence Investment Management LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Confluence Investment Management LLC's filing for the quarter ending Dec 31, 2026 is due by Feb 14, 2027; this page updates the day after it is published.

How much money does Confluence Investment Management LLC manage?

Confluence Investment Management LLC reported $6.7B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $6.0B.