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CONFLUENCE INVESTMENT MANAGEMENT LLC
Period ended Sep 30, 2026 · Latest filing Oct 1, 2026
These quarterly holdings are delayed and may not include all assets or short positions.
Values are from the reporting date, not current prices or purchase costs.
The same security may appear in multiple rows.
Source: SEC
Reported portfolio value
Quarter-end reported holdings; not current value or investment performance.
View reported values
- Sep 30, 2026: $5,967,592,942
More quarters will appear as history becomes available.
Top holdings
Top 10 at Sep 30, 2026. Matching entries are combined; security classes and options remain separate. Shares exclude principal amounts; option shares reflect the reported underlying amount.
View top holdings values
- iShares 0-3 Month Treasury Bon · COM · 46436E718 · shares: $216,717,283
- Chevron Corp. · COM · 166764100 · shares: $144,437,137
- Chubb Ltd. · COM · H1467J104 · shares: $141,134,050
- Zoetis Inc. · COM · 98978V103 · shares: $130,169,165
- Lockheed Martin Corp. · COM · 539830109 · shares: $125,597,658
- Linde plc · COM · G54950103 · shares: $122,631,642
- Gilead Sciences Inc. · COM · 375558103 · shares: $117,942,892
- WEC Energy Group Inc. · COM · 92939U106 · shares: $115,021,567
- Stanley Black & Decker Inc. · COM · 854502101 · shares: $114,803,324
- Mondelez International Inc. · COM · 609207105 · shares: $113,673,260
Reported holdings
424 reported entries| Issuer | Class | CUSIP | Type | Shares / principal | Reported value (USD) |
|---|---|---|---|---|---|
| Ryan Specialty Group | COM | 78351F107 | — | 308,130 shares | $11,400,819 |
| Vanguard FTSE Pacific Index Fu | COM | 922042866 | — | 97,992 shares | $11,348,454 |
| iShares Barclays 10-20 Year Tr | COM | 464288653 | — | 122,517 shares | $11,292,392 |
| Walt Disney Co. | COM | 254687106 | — | 103,033 shares | $10,808,184 |
| Valvoline Inc. | COM | 92047W101 | — | 354,844 shares | $10,695,013 |
| Vontier Corp. | COM | 928881101 | — | 330,155 shares | $10,366,875 |
| Adyen N.V. | COM | 00783V104 | — | 1,013,345 shares | $9,951,048 |
| Invesco S&P Small Cap Quality | COM | 46138G300 | — | 204,636 shares | $9,192,249 |
| iShares MSCI Global Metals & M | COM | 46434G848 | — | 148,134 shares | $8,882,115 |
| Diageo plc | COM | 25243Q205 | — | 99,766 shares | $8,540,009 |
| Dimensional National Municipal | COM | 25434V849 | — | 181,363 shares | $8,348,139 |
| iShares iBonds Dec 2029 Term T | COM | 46436E825 | — | 314,762 shares | $6,680,823 |
| Stevanato Group S.p.A. | COM | T9224W109 | — | 297,676 shares | $6,245,242 |
| iShares National Muni Bond ETF | COM | 464288414 | — | 60,834 shares | $6,150,317 |
| SPDR S&P 500 ETF | COM | 78462F103 | — | 7,922 shares | $6,041,555 |
| ProShares S&P MidCap 400 Divid | COM | 74347B680 | — | 68,941 shares | $5,962,018 |
| iShares iBonds Dec 2030 Term T | COM | 46436e593 | — | 310,328 shares | $5,893,137 |
| Invesco BulletShares 2034 Muni | COM | 46139W767 | — | 248,144 shares | $5,637,956 |
| Invesco BulletShares 2031 Muni | COM | 46138j411 | — | 280,194 shares | $5,573,507 |
| Agnico Eagle Mines Ltd. | COM | 008474108 | — | 27,839 shares | $5,102,067 |
| Invesco Bulletshares 2033 Muni | COM | 46139W791 | — | 210,029 shares | $5,056,511 |
| iShares iBonds Dec 2028 Term T | COM | 46436E833 | — | 227,903 shares | $4,993,355 |
| Invesco BulletShares 2032 Munc | COM | 46139W833 | — | 190,633 shares | $4,500,540 |
| Main Street Capital Corp. | COM | 56035L104 | — | 81,042 shares | $4,461,362 |
| Invesco BulletShares 2035 Muni | COM | 46138J353 | — | 188,932 shares | $4,446,042 |
| Vail Resorts Inc. | COM | 91879Q109 | — | 30,710 shares | $4,212,798 |
| JBT Marel Corp. | COM | 477839104 | — | 38,586 shares | $4,074,251 |
| Hercules Capital Inc. | COM | 427096508 | — | 240,904 shares | $4,049,596 |
| Powershares Insured National M | COM | 46138E537 | — | 184,114 shares | $3,938,198 |
| iShares BB Rated Corporate Bon | COM | 46435U473 | — | 84,963 shares | $3,828,433 |
| Berkshire Hathaway Inc. - A | COM | 084670108 | — | 5 shares | $3,735,025 |
| Taiwan Semiconductor Manufactu | COM | 874039100 | — | 7,883 shares | $3,596,146 |
| Cavco Industries Inc. | COM | 149568107 | — | 6,314 shares | $3,537,482 |
| Ares Capital Corp. | COM | 04010L103 | — | 180,789 shares | $3,453,070 |
| Golub Capital BDC Inc. | COM | 38173M102 | — | 262,770 shares | $3,318,785 |
| i3 Verticals Inc. | COM | 46571Y107 | — | 227,792 shares | $3,148,085 |
| Sixth Street Specialty Lending | COM | 83012A109 | — | 165,695 shares | $2,985,824 |
| BondBloxx Bloomberg One Year T | COM | 09789C861 | — | 60,423 shares | $2,972,207 |
| Core Natural Resources Inc. | COM | 218937100 | — | 34,461 shares | $2,958,132 |
| TripAdvisor Inc. | COM | 896945201 | — | 338,250 shares | $2,831,152 |
| ASML Holding N.V. | COM | N07059210 | — | 1,424 shares | $2,579,818 |
| Woodside Energy Group Ltd. | COM | 980228308 | — | 114,832 shares | $2,545,825 |
| Southern Copper Corp. | COM | 84265V105 | — | 12,354 shares | $2,503,368 |
| Mitsubishi UFJ Financial | COM | 606822104 | — | 106,561 shares | $2,458,362 |
| Blackstone Secured Lending Fun | COM | 09261X102 | — | 99,430 shares | $2,384,331 |
| Newmont Mining Corp. | COM | 651639106 | — | 20,399 shares | $2,352,821 |
| Invesco BulletShares 2030 Muni | COM | 46138J445 | — | 111,842 shares | $2,336,838 |
| Anglo American plc | COM | 03485P409 | — | 85,662 shares | $2,300,025 |
| DBS Group Holdings Ltd. | COM | 23304y100 | — | 9,421 shares | $2,288,172 |
| Glencore plc | COM | 37827X100 | — | 153,770 shares | $2,249,655 |
| Shell plc | COM | 780259305 | — | 23,425 shares | $2,226,546 |
| Blue Owl Capital Corp. | COM | 69121K104 | — | 211,441 shares | $2,218,016 |
| Exxon Mobil Corp. | COM | 30233Q108 | — | 13,353 shares | $2,173,224 |
| iShares iBonds Dec 2029 Term M | COM | 46436E163 | — | 87,116 shares | $2,154,379 |
| BP PLC ADR (1:6) | COM | 055622104 | — | 48,532 shares | $2,134,923 |
| Lundin Mining Corp. | COM | 550372106 | — | 89,488 shares | $2,134,289 |
| Invesco BulletShares 2029 Muni | COM | 46138J478 | — | 93,965 shares | $2,091,971 |
| Canadian Natural Resources Ltd | COM | 136385101 | — | 44,134 shares | $2,077,387 |
| Wheaton Precious Metals Corp. | COM | 962879102 | — | 15,488 shares | $2,071,055 |
| Royal Gold Inc. | COM | 780287108 | — | 8,721 shares | $2,058,156 |
| Franco-Nevada Corp. | COM | 351858105 | — | 8,592 shares | $2,045,841 |
| Sandoz Group | COM | 799926100 | — | 24,102 shares | $2,037,824 |
| Mitsui & Co. Ltd. | COM | 606827202 | — | 3,260 shares | $2,033,914 |
| First Quantum Minerals Ltd. | COM | 335934105 | — | 75,712 shares | $2,023,782 |
| ING Groep N.V. | COM | 456837103 | — | 56,923 shares | $2,020,766 |
| Occidental Petroleum Corp. | COM | 674599105 | — | 36,333 shares | $2,009,942 |
| Tourmaline Oil Corp. | COM | 89156V106 | — | 46,955 shares | $2,008,735 |
| CF Industries Holdings Inc. | COM | 125269100 | — | 16,800 shares | $1,935,360 |
| Devon Energy Corp. | COM | 25179M103 | — | 41,742 shares | $1,921,802 |
| AerCap Holdings N.V. | COM | N00985106 | — | 13,180 shares | $1,891,594 |
| Cenovus Energy Inc. | COM | 15135U109 | — | 59,854 shares | $1,860,262 |
| Barings BDC Inc. | COM | 06759l103 | — | 211,700 shares | $1,824,854 |
| Baldwin Insurance Group Inc. | COM | 05589g102 | — | 57,335 shares | $1,822,680 |
| Techtronic Industries Co. Ltd. | COM | 87873R101 | — | 22,260 shares | $1,822,426 |
| Capital Southwest Corp. | COM | 140501107 | — | 78,415 shares | $1,813,739 |
| Vista Energy S.A.B. de C.V. | COM | 92837L109 | — | 27,495 shares | $1,796,798 |
| Alamos Gold Inc. | COM | 011532108 | — | 55,378 shares | $1,793,693 |
| SPDR Industrial Select Sector | COM | 81369Y704 | — | 10,237 shares | $1,709,374 |
| Disco Corp. | COM | 25461D100 | — | 45,391 shares | $1,665,850 |
| Cameco Corp. | COM | 13321L108 | — | 19,149 shares | $1,659,644 |
| EQT Corp. | COM | 26884L109 | — | 33,973 shares | $1,649,729 |
| Tokio Marine Holdings Inc. | COM | 889094108 | — | 30,977 shares | $1,643,330 |
| Safran S.A. | COM | 786584102 | — | 17,464 shares | $1,640,394 |
| Vulcan Materials Co. | COM | 929160109 | — | 6,359 shares | $1,555,602 |
| Haemonetics Corp. | COM | 405024100 | — | 14,631 shares | $1,540,644 |
| Hong Kong Exchanges and Cleari | COM | 43858F109 | — | 31,059 shares | $1,522,202 |
| Expand Energy Corp. | COM | 165167735 | — | 17,899 shares | $1,505,127 |
| New Hope Corp. Ltd. | COM | Q66635105 | — | 331,229 shares | $1,449,127 |
| ITOCHU Corp. | COM | 465717106 | — | 103,854 shares | $1,447,725 |
| New Mountain Finance Corp. | COM | 647551100 | — | 206,563 shares | $1,429,416 |
| Zurich Insurance Group A.G. | COM | 989825104 | — | 41,918 shares | $1,418,086 |
| BAE Systems plc | COM | 05523r107 | — | 13,537 shares | $1,402,839 |
| BNP Paribas S.A. | COM | 05565A202 | — | 26,086 shares | $1,393,253 |
| Nebius Group N.V. | COM | N97284108 | — | 5,815 shares | $1,371,642 |
| Komatsu Ltd. | COM | 500458401 | — | 28,257 shares | $1,353,793 |
| Hagerty Inc. | COM | 405166109 | — | 99,451 shares | $1,338,610 |
| STMicroelectronics NV | COM | 861012102 | — | 24,998 shares | $1,333,893 |
| Shopify Inc. | COM | 82509L107 | — | 8,904 shares | $1,320,463 |
| Invesco BulletShares 2028 Muni | COM | 46138J486 | — | 57,530 shares | $1,311,742 |
| Gates Industrial Corp. Ltd. | COM | G39104107 | — | 48,919 shares | $1,281,678 |