CONFLUENCE INVESTMENT MANAGEMENT LLC Q4 2025 Filing

Filed January 5, 2026

Portfolio Value

$6.7B

Holdings

296

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (296 positions)

#StockSharesValue% PortfolioType
301
ARCOArcos Dorados Holdings Inc.
10,613$77K0.00%
302
SPYGSPDR Portfolio S&P 500 Growth
510$54K0.00%
303
SPDR Portfolio S&P 500 Value E
534$30K0.00%
304
JBSSJohn B Sanfilippo & Son Inc.
243$17K0.00%
305
FGF&G Annuities and Life
495$15K0.00%
306
JJSFJ & J Snack Foods Corp.
138$12K0.00%
307
MDYGSPDR S&P 400 Mid Cap Growth ET
138$12K0.00%
308
REGLProShares S&P MidCap 400 Divid
141$11K0.00%
309
SDYSPDR S&P Dividend ETF
64$8K0.00%
310
MDYVSPDR S&P 400 Mid Cap Value ETF
84$7K0.00%
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