CONFLUENCE INVESTMENT MANAGEMENT LLC Q1 2024 Filing
Filed April 1, 2024
Portfolio Value
$7436.1T
Holdings
296
Report Date
Q1 2024
Filing Type
13F-HR
All Holdings (296 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | FASTFastenal Co. | 2,533,823 | $195.5T | 2.63% | |
| 2 | PGRProgressive Corp. | 912,107 | $188.6T | 2.54% | |
| 3 | MSFTMicrosoft Corp. | 417,655 | $175.7T | 2.36% | |
| 4 | SNASnap-on Inc. | 585,549 | $173.5T | 2.33% | |
| 5 | LINLinde plc | 369,588 | $171.6T | 2.31% | |
| 6 | PEPPepsiCo Inc. | 949,904 | $166.2T | 2.24% | |
| 7 | CBChubb Ltd. | 640,344 | $165.9T | 2.23% | |
| 8 | LMTLockheed Martin Corp. | 332,847 | $151.4T | 2.04% | |
| 9 | HDHome Depot Inc. | 392,398 | $150.5T | 2.02% | |
| 10 | PAYXPaychex Inc. | 1,193,952 | $146.6T | 1.97% | |
| 11 | BRBroadridge Financial Solutions | 703,082 | $144.0T | 1.94% | |
| 12 | ADIAnalog Devices Inc. | 701,752 | $138.8T | 1.87% | |
| 13 | CLXClorox Co. | 885,835 | $135.6T | 1.82% | |
| 14 | FNFFidelity National Financial In | 2,548,912 | $135.3T | 1.82% | |
| 15 | CLColgate-Palmolive Co. | 1,450,553 | $130.6T | 1.76% | |
| 16 | TROWT. Rowe Price Group Inc. | 1,069,437 | $130.4T | 1.75% | |
| 17 | SOSouthern Co. | 1,789,977 | $128.4T | 1.73% | |
| 18 | WECWEC Energy Group Inc. | 1,558,019 | $127.9T | 1.72% | |
| 19 | DEODiageo plc | 843,581 | $125.5T | 1.69% | |
| 20 | CVXChevron Corp. | 784,081 | $123.7T | 1.66% | |
| 21 | NSRGYNestle S.A. | 1,046,136 | $111.1T | 1.49% | |
| 22 | PIIPolaris Inc. | 1,087,590 | $108.9T | 1.46% | |
| 23 | NTRSNorthern Trust Corp. | 1,188,320 | $105.7T | 1.42% | |
| 24 | DOWDow Inc. | 1,746,166 | $101.2T | 1.36% | |
| 25 | UPSUnited Parcel Service Inc. | 673,993 | $100.2T | 1.35% | |
| 26 | CSCOCisco Systems Inc. | 1,913,222 | $95.5T | 1.28% | |
| 27 | SYKStryker Corp. | 260,903 | $93.4T | 1.26% | |
| 28 | ETREntergy Corp. | 872,985 | $92.3T | 1.24% | |
| 29 | USBU.S. Bancorp | 2,062,460 | $92.2T | 1.24% | |
| 30 | MAMastercard Inc. | 191,308 | $92.1T | 1.24% | |
| 31 | TJXTJX Cos. Inc. | 901,448 | $91.4T | 1.23% | |
| 32 | SGOViShares 0-3 Month Treasury Bon | 907,300 | $91.4T | 1.23% | |
| 33 | GILDGilead Sciences Inc. | 1,245,994 | $91.3T | 1.23% | |
| 34 | 1939900DBrookfield Infrastructure Corp | 2,489,171 | $89.7T | 1.21% | |
| 35 | KMIKinder Morgan Inc. | 4,777,898 | $87.6T | 1.18% | |
| 36 | ARCCAres Capital Corp. | 4,141,554 | $86.2T | 1.16% | |
| 37 | WRBW. R. Berkley Corp. | 935,165 | $82.7T | 1.11% | |
| 38 | WYWeyerhaeuser Co. | 2,269,758 | $81.5T | 1.10% | |
| 39 | SPGIS&P Global Inc. | 189,865 | $80.8T | 1.09% | |
| 40 | MASMasco Corp. | 991,134 | $78.2T | 1.05% | |
| 41 | RYNRayonier Inc. | 2,317,310 | $77.0T | 1.04% | |
| 42 | ORCLOracle Corp. | 591,938 | $74.4T | 1.00% | |
| 43 | GGGGraco Inc. | 758,518 | $70.9T | 0.95% | |
| 44 | BRK/BBerkshire Hathaway Inc. - B | 165,585 | $69.6T | 0.94% | |
| 45 | GOOGAlphabet Inc. | 438,038 | $66.7T | 0.90% | |
| 46 | ITWIllinois Tool Works Inc. | 245,021 | $65.7T | 0.88% | |
| 47 | LOWLowe's Cos. Inc. | 251,667 | $64.1T | 0.86% | |
| 48 | SBUXStarbucks Corp. | 685,247 | $62.6T | 0.84% | |
| 49 | MKLMarkel Corp. Inc. | 40,051 | $60.9T | 0.82% | |
| 50 | NXPINXP Semiconductors N.V. | 226,459 | $56.1T | 0.75% | |
| 51 | SPMBSPDR Portfolio Mortgage Backed | 2,581,084 | $56.1T | 0.75% | |
| 52 | BNBrookfield Corp. | 1,317,556 | $55.2T | 0.74% | |
| 53 | KEYSKeysight Technologies Inc. | 338,230 | $52.9T | 0.71% | |
| 54 | XMHQInvesco S&P MidCap Quality ETF | 472,710 | $52.0T | 0.70% | |
| 55 | TMOThermo Fisher Scientific Inc. | 87,203 | $50.7T | 0.68% | |
| 56 | BROBrown & Brown Inc. | 555,040 | $48.6T | 0.65% | |
| 57 | BKNGBooking Holdings Inc. | 13,096 | $47.5T | 0.64% | |
| 58 | NDSNNordson Corp. | 156,241 | $42.9T | 0.58% | |
| 59 | STZConstellation Brands | 143,428 | $39.0T | 0.52% | |
| 60 | CALFPacer US Small Cap Cash Cows 1 | 788,662 | $38.8T | 0.52% | |
| 61 | HYBBiShares BB Rated Corporate Bon | 806,665 | $37.3T | 0.50% | |
| 62 | MDYGSPDR S&P 400 Mid Cap Growth ET | 425,999 | $37.2T | 0.50% | |
| 63 | HSYHershey Co. | 180,412 | $35.1T | 0.47% | |
| 64 | IBTHiShares iBonds Dec 2027 Term T | 1,386,858 | $30.7T | 0.41% | |
| 65 | APHAmphenol Corp. | 259,930 | $30.0T | 0.40% | |
| 66 | DNBDun & Bradstreet Holdings Inc. | 2,961,755 | $29.7T | 0.40% | |
| 67 | SHWSherwin-Williams Co. | 84,165 | $29.2T | 0.39% | |
| 68 | GTESGates Industrial Corp. plc | 1,603,075 | $28.4T | 0.38% | |
| 69 | VNTVontier Corp. | 612,224 | $27.8T | 0.37% | |
| 70 | ECLEcolab Inc. | 118,739 | $27.4T | 0.37% | |
| 71 | GLDMSPDR Gold MiniShares Trust ETF | 615,603 | $27.1T | 0.36% | |
| 72 | CRLCharles River Laboratories Int | 96,957 | $26.3T | 0.35% | |
| 73 | SHYiShares 1-3 Year Treasury Bond | 313,351 | $25.6T | 0.34% | |
| 74 | RMEResMed Inc. | 129,161 | $25.6T | 0.34% | |
| 75 | GDGeneral Dynamics Corp. | 89,274 | $25.2T | 0.34% | |
| 76 | DCIDonaldson Co. Inc. | 335,000 | $25.0T | 0.34% | |
| 77 | MDYVSPDR S&P 400 Mid Cap Value ETF | 326,099 | $24.8T | 0.33% | |
| 78 | EOGEOG Resources Inc. | 191,926 | $24.5T | 0.33% | |
| 79 | MCDMcDonald's Corp. | 83,560 | $23.6T | 0.32% | |
| 80 | PGProcter & Gamble Co. | 142,912 | $23.2T | 0.31% | |
| 81 | EXPDExpeditors International of Wa | 190,652 | $23.2T | 0.31% | |
| 82 | MLMMartin Marietta Materials Inc. | 36,294 | $22.3T | 0.30% | |
| 83 | ROKRockwell Automation Inc. | 76,265 | $22.2T | 0.30% | |
| 84 | SLYGSPDR S&P 600 Small Cap Growth | 242,435 | $21.1T | 0.28% | |
| 85 | MORNMorningstar Inc. | 68,054 | $21.0T | 0.28% | |
| 86 | TTCToro Co. | 225,773 | $20.7T | 0.28% | |
| 87 | IBDRiShares iBonds Dec 2026 Term C | 845,491 | $20.2T | 0.27% | |
| 88 | BDXBecton Dickinson and Co. | 79,799 | $19.7T | 0.27% | |
| 89 | IBTGiShares iBonds Dec 2026 Term T | 867,969 | $19.7T | 0.27% | |
| 90 | APDAir Products and Chemicals Inc | 80,409 | $19.5T | 0.26% | |
| 91 | NJRNew Jersey Resources Corp. | 450,647 | $19.3T | 0.26% | |
| 92 | CLVTClarivate plc | 2,475,002 | $18.4T | 0.25% | |
| 93 | MBBiShares MBS ETF | 197,700 | $18.3T | 0.25% | |
| 94 | MDTMedtronic plc | 209,001 | $18.2T | 0.24% | |
| 95 | AWCAmerican Water Works Co. Inc. | 143,108 | $17.5T | 0.24% | |
| 96 | —SPDR Portfolio S&P 500 Value E | 343,760 | $17.2T | 0.23% | |
| 97 | DLTRDollar Tree Inc. | 129,032 | $17.2T | 0.23% | |
| 98 | NKENIKE Inc. | 174,300 | $16.4T | 0.22% | |
| 99 | SPYSPDR S&P 500 ETF | 27,976 | $14.6T | 0.20% | |
| 100 | AZEKAzek Co. Inc. | 274,672 | $13.8T | 0.19% |
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