Latest CONFLUENCE INVESTMENT MANAGEMENT LLC Stock Portfolio

CONFLUENCE INVESTMENT MANAGEMENT LLC Performance:

2025 Q3: 2.04%YTD: 2.96%2024: 6.97%

Performance for 2025 Q3 is 2.04%, and YTD is 2.96%, and 2024 is 6.97%.

About CONFLUENCE INVESTMENT MANAGEMENT LLC and 13F Hedge Fund Stock Holdings

CONFLUENCE INVESTMENT MANAGEMENT LLC is a hedge fund based in SAINT LOUIS, MO. On 09-Mar-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $6.9 Billions. In it's latest 13F Holdings report, CONFLUENCE INVESTMENT MANAGEMENT LLC reported an equity portfolio of $7 Billions as of 30 Sep, 2025.

The top stock holdings of CONFLUENCE INVESTMENT MANAGEMENT LLC are DMXF, SNA, WEC. The fund has invested 3.7% of it's portfolio in ISHARES 0-3 MONTH TREASURY BON and 2.4% of portfolio in SNAP-ON INC.

The fund managers got completely rid off ORACLE CORP. (ORCL), PEPSICO INC. (PEP) and POLARIS INC. (PII) stocks. They significantly reduced their stock positions in GATES INDUSTRIAL CORP. PLC (GTES), I3 VERTICALS INC. (IIIV) and ISHARES NATIONAL MUNI BOND ETF (AAXJ). CONFLUENCE INVESTMENT MANAGEMENT LLC opened new stock positions in ISHARES IBONDS DEC 2035 TERM T, MCCORMICK & COMPANY INC. (MKC) and COPART INC. (CPRT). The fund showed a lot of confidence in some stocks as they added substantially to ACCENTURE PLC (ACN), INVESCO BULLETSHARES 2034 MUNI (IIGD) and ISHARES RUSSELL 1000 VALUE ETF (IJR).

CONFLUENCE INVESTMENT MANAGEMENT LLC Annual Return Estimates Vs S&P 500

Our best estimate is that CONFLUENCE INVESTMENT MANAGEMENT LLC made a return of 2.04% in the last quarter. In trailing 12 months, it's portfolio return was -0.1%.

New Buys

Ticker	$ Bought
ishares ibonds dec 2035 term t	22,624,100
mccormick & company inc.	21,559,500
copart inc.	15,102,200
ishares core msci europe etf	12,309,100
ishares ibonds dec 2028 term c	10,197,800
avantis international small ca	8,747,460
vail resorts inc.	8,159,790
ishares 1-5 year investment gr	6,376,170

New stocks bought by CONFLUENCE INVESTMENT MANAGEMENT LLC

Additions

Ticker	% Inc.
accenture plc	6,611
invesco bulletshares 2034 muni	2,611
ishares russell 1000 value etf	551
hong kong exchanges and cleari	460
mondelez international inc.	324
ishares bb rated corporate bon	239
spdr nuveen s&p high yield mun	159
ishares ibonds dec 2027 term c	155

Additions to existing portfolio by CONFLUENCE INVESTMENT MANAGEMENT LLC

Reductions

Ticker	% Reduced
gates industrial corp. plc	-86.7
i3 verticals inc.	-60.99
ishares national muni bond etf	-60.62
invesco bulletshares 2032 munc	-58.03
ishares 3-7 year treasury bond	-54.73
nebius group n.v.	-54.24
invesco bulletshares 2029 muni	-52.81
invesco bulletshares 2030 muni	-47.11

CONFLUENCE INVESTMENT MANAGEMENT LLC reduced stake in above stock

Sold off

Ticker	$ Sold
polaris inc.	-33,528,300
pepsico inc.	-93,913,900
oracle corp.	-114,468,000
ishares ibonds dec 2031 term c	-10,257,000
ishares ibonds dec 2028 term t	-9,759,670
ishares ibonds dec 2032 term c	-10,152,000
ishares ibonds dec 2033 term c	-7,960,780
invesco currencyshares swiss f	-16,025,300

CONFLUENCE INVESTMENT MANAGEMENT LLC got rid off the above stocks

Sector Distribution

CONFLUENCE INVESTMENT MANAGEMENT LLC has about 18.6% of it's holdings in Others sector.

Sector	%
Others	18.6
Financial Services	16.6
Industrials	15.4
Technology	11
Consumer Defensive	8.5
Utilities	8.2
Consumer Cyclical	6
Basic Materials	5
Healthcare	4.8
Energy	4
Communication Services	1.2

Market Cap. Distribution

CONFLUENCE INVESTMENT MANAGEMENT LLC has about 76.5% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	65.4
UNALLOCATED	18.6
MEGA-CAP	11.1
MID-CAP	4.2

Stocks belong to which Index?

About 76.2% of the stocks held by CONFLUENCE INVESTMENT MANAGEMENT LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	74.9
Others	23.8
RUSSELL 2000	1.3

Top 5 Winners (%)		%
UEC	uranium energy corp.	86.3 %
NEM	newmont mining corp.	39.8 %
GOOG	alphabet inc.	37.3 %
KN	knowles corp.	32.3 %
SLV	ishares silver trust etf	25.7 %

Top 5 Winners ($)		$
FAST	fastenal co.	23.1 M
GOOG	alphabet inc.	18.7 M
SNA	snap-on inc.	17.7 M
HSY	hershey co.	16.1 M
WEC	wec energy group inc.	14.7 M

Top 5 Losers (%)		%
HAE	haemonetics corp.	-34.7 %
BRP	baldwin insurance group inc.	-34.1 %
FSK	fs kkr capital corp.	-28.1 %
MORN	morningstar inc.	-26.1 %
KMPR	kemper corp.	-20.1 %

Top 5 Losers ($)		$
PAYX	paychex inc.	-19.5 M
CL	colgate-palmolive co.	-14.3 M
UPS	united parcel service inc.	-11.7 M
PGR	progressive corp.	-11.2 M
PAYC	paycom software inc.	-8.0 M

CONFLUENCE INVESTMENT MANAGEMENT LLC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of CONFLUENCE INVESTMENT MANAGEMENT LLC

CONFLUENCE INVESTMENT MANAGEMENT LLC has 293 stocks in it's portfolio. About 23.5% of the portfolio is in top 10 stocks. PAYX proved to be the most loss making stock for the portfolio. FAST was the most profitable stock for CONFLUENCE INVESTMENT MANAGEMENT LLC last quarter.

Last Reported on: 14 Oct, 2025

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAXJ	ishares barclays 10-20 year tr	0.53	363,054	37,390,900	reduced	-35.42

AAXJ	ishares mbs etf	0.50	366,497	34,872,200	added	27.1

AAXJ	ishares 3-7 year treasury bond	0.19	112,903	13,493,000	reduced	-54.73

AAXJ	ishares 1-5 year investment gr	0.09	120,237	6,376,170	new

AAXJ	ishares national muni bond etf	0.04	22,861	2,434,470	reduced	-60.62

ACGL	arch capital group ltd.	0.50	389,020	35,295,800	reduced	-1.86

ACN	accenture plc	0.74	209,255	51,602,300	added	6,611

ACWF	ishares core msci europe etf	0.18	180,698	12,309,100	new

ADI	analog devices inc.	2.15	613,557	150,751,000	reduced	-1.97

AEMB	avantis international small ca	0.12	98,253	8,747,460	new

AFK	vaneck vectors long municipal	0.06	228,274	3,990,230	reduced	-8.9

AIB	midcap financial investment co	0.02	131,701	1,579,100	reduced	-20.26

ALTS	proshares s&p midcap 400 divid	0.33	269,556	23,003,900	reduced	-10.2

AMP	ameriprise financial inc.	0.00	480	235,800	unchanged	0.00

AOS	a. o. smith corp.	0.34	329,070	24,157,000	reduced	-0.78

AOUT	american outdoor brands inc.	0.02	136,997	1,189,140	reduced	-12.22

APD	air products and chemicals inc	0.79	202,554	55,240,600	reduced	-1.65

APH	amphenol corp.	0.37	208,223	25,767,600	reduced	-37.41

AR	antero resources corp.	0.01	22,410	752,080	added	14.47

ARCO	arcos dorados holdings inc.	0.00	14,072	94,986	reduced	-4.62