CONFLUENCE INVESTMENT MANAGEMENT LLC Q1 2021 Filing

Filed April 5, 2021

Portfolio Value

$7.1B

Holdings

300

Report Date

Q1 2021

Filing Type

13F-HR

All Holdings (300 positions)

#StockSharesValue% PortfolioType
1
SNASnap-on Incorporated
737,543$170.2B2388.70%
2
LINLinde PLC
587,392$164.6B2309.69%
3
PEPPepsico Incorporated
1,155,730$163.5B2294.62%
4
PIIPolaris Industries
1,124,074$150.1B2106.33%
5
FASTFastenal Company
2,910,362$146.3B2053.96%
6
PAYXPaychex Incorporated
1,481,885$145.3B2038.82%
7
DEODiageo PLC
875,316$143.7B2017.51%
8
HDHome Depot Incorporated
457,545$139.7B1960.38%
9
MSFTMicrosoft Corporation
580,278$136.8B1920.33%
10
PGRProgressive Corporation
1,354,124$129.5B1817.24%
11
NSRGYNestle SA
1,133,637$126.4B1774.35%
12
BRBroadridge Financial Solutions
810,920$124.2B1742.63%
13
ADIAnalog Devices Incorporated
799,295$124.0B1739.86%
14
NTRSNorthern Trust Corporation
1,173,828$123.4B1731.80%
15
LMTLockheed Martin Corporation
332,202$122.7B1722.92%
16
SOSouthern Company
1,954,028$121.5B1704.87%
17
CBChubb Corporation
754,361$119.2B1672.64%
18
CLColgate-Palmolive Company
1,476,501$116.4B1633.72%
19
MMM3M Company
574,857$110.8B1554.71%
20
DOWDow Incorporated
1,704,830$109.0B1530.05%
21
GGGGraco Incorporated
1,489,583$106.7B1497.44%
22
USBUS Bancorp
1,869,767$103.4B1451.59%
23
WYWeyerhaeuser Company
2,827,911$100.7B1413.08%
24
FNFFidelity National Financial In
2,444,887$99.4B1395.33%
25
CSCOCisco Systems Incorporated
1,881,897$97.3B1365.91%
26
FQIDigital Realty Trust Incorpora
686,740$96.7B1357.58%
27
CVXChevron Corporation
900,018$94.3B1323.80%
28
RYNRayonier Incorporated
2,916,662$94.1B1320.29%
29
NXPINXP Semiconductors NV
434,213$87.4B1227.10%
30
SBUXStarbucks Corporation
797,297$87.1B1222.85%
31
KMIKinder Morgan Incorporated
5,071,548$84.4B1185.23%
32
SLG2EURSl Green Realty
1,205,213$84.4B1184.00%
33
SYKStryker Corporation
343,929$83.8B1175.87%
34
ETREntergy Corporation
828,678$82.4B1156.99%
35
ARCCAres Capital Corporation
4,258,691$79.7B1118.41%
36
PFEPfizer Incorporated
2,173,637$78.8B1105.37%
37
ORCLOracle Corporation
1,103,794$77.5B1087.15%
38
GILDGilead Sciences
1,190,829$77.0B1080.27%
39
TJXTJX Companies
1,158,938$76.7B1076.07%
40
MAMastercard Incorporated - A
212,506$75.7B1062.02%
41
ITWIllinois Tool Works Incorporat
329,231$72.9B1023.68%
42
LOWLowe's Companies Incorporated
343,961$65.4B918.17%
43
MKLMarkel Corporation
52,880$60.3B845.88%
44
GOOGAlphabet Incorporated - C
28,124$58.2B816.60%
45
BKNGBooking Holdings Incorporated
24,762$57.7B809.76%
46
CRLCharles River Laboratories Int
195,884$56.8B796.88%
47
1939900DBrookfield Infrastructure
740,792$56.6B794.09%
48
RTXRaytheon Technologies Corporat
729,478$56.4B791.18%
49
BAMBrookfield Asset Management In
1,249,917$55.6B780.71%
50
IHS Markit Limited
563,337$54.5B765.26%
51
WRBWR Berkley Corporation
715,342$53.9B756.57%
52
BRK/BBerkshire Hathaway Incorporate
208,311$53.2B746.98%
53
TMOThermo Fisher Scientific Incor
104,828$47.8B671.51%
54
BKIEURBlack Knight Incorporated
638,876$47.3B663.49%
55
IEFiShares 7-10 Year Treasury Bon
411,005$46.4B651.49%
56
FTDRFrontdoor Incorporated
823,855$44.3B621.55%
57
BROBrown & Brown Incorporated
932,290$42.6B598.15%
58
AXTAAxalta Coating Systems Limited
1,427,858$42.2B592.83%
59
NDSNNordson Corporation
211,494$42.0B589.80%
60
CNNECannae Holdings Incorporated
915,602$36.3B509.19%
61
ACNAccenture PLC
130,355$36.0B505.46%
62
TROWT Rowe Price Group Incorporate
202,045$34.7B486.65%
63
SCHWCharles Schwab
528,276$34.4B483.31%
64
CERNCHFCerner Corporation
478,692$34.4B482.96%
65
DLTRDollar Tree Incorporated
289,817$33.2B465.61%
66
NKENike Incorporated - B
249,015$33.1B464.49%
67
DNBDun & Bradstreet Holdings
1,324,091$31.5B442.52%
68
APDAir Products & Chemicals Incor
111,068$31.2B438.60%
69
CBSHCommerce Bancshares Incorporat
402,401$30.8B432.71%
70
EXPDExpeditors International of Wa
283,518$30.5B428.55%
71
SPDWSPDR Portfolio Developed World
859,547$30.4B426.62%
72
PPGPPG Industries Incorporated
195,276$29.3B411.85%
73
AWCAmerican Water Works Company
194,213$29.1B408.68%
74
ROKRockwell Automation Incorporat
108,062$28.7B402.62%
75
MDTMedtronic
241,152$28.5B399.85%
76
MCDMcDonald's Corporation
125,232$28.1B393.98%
77
PGProcter & Gamble Company
203,132$27.5B386.14%
78
FISFidelity National Information
193,132$27.2B381.17%
79
DCIDonaldson Incorporated
454,680$26.4B371.17%
80
CFRCullen Frost Bankers Incorpora
238,078$25.9B363.44%
81
MBBiShares MBS ETF
236,309$25.6B359.62%
82
CLXThe Clorox Company
129,286$24.9B350.02%
83
MORNMorningstar Incorporated
107,244$24.1B338.75%
84
BDXBecton Dickinson and Company
98,883$24.0B337.47%
85
SEICSEI Investments Company
389,329$23.7B332.97%
86
MTBM&T Bank Corporation
151,911$23.0B323.27%
87
GDGeneral Dynamics Corporation
125,941$22.9B320.95%
88
SPDR Portfolio S&P 500 Value E
595,380$22.6B316.73%
89
NJRNew Jersey Resources Corporati
560,677$22.4B313.77%
90
BWINBRP Group
805,939$22.0B308.26%
91
HCSGHealthcare Services Group
777,793$21.8B306.02%
92
NVSNNovartis AG ADR
250,831$21.4B300.95%
93
SLYVSPDR S&P 600 Small Cap Value E
253,081$20.8B291.25%
94
AVNSAvanos Medical Incorporated
466,994$20.4B286.70%
95
RMAXRE/MAX Holdings Incorporated
510,253$20.1B282.11%
96
IBDRiShares iBonds Dec 2026 Term C
687,728$18.1B254.46%
97
IBDViShares iBonds Dec 2030 Term C
720,678$17.9B250.56%
98
IAUUSDiShares Gold Trust ETF
1,083,087$17.6B247.19%
99
HXGBYHexagon AB
174,764$16.1B226.32%
100
BSMYInvesco BulletShares 2025 Corp
712,388$15.8B221.48%
Page 1 of 4Next