Confluence Investment Management LLC reported 195 positions worth $5.01B for the quarter ended Sep 30, 2026, down 7.1% on the prior quarter. It opened 5 new positions, added to 71, trimmed 112 and exited 12. Its largest holding is Chevron Corp at 2.9% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| ZTS Zoetis Inc. | +1.40M | +300.5% | $97.67M | 2.6% |
| WSO Watsco Inc | +320.4K | – | $96.99M | 1.94% |
| NKE NIKE, Inc. | +2.44M | +873.8% | $86.42M | 1.92% |
| HONA Honeywell Aerospace Inc. | +185.6K | +77.0% | $28.76M | 1.32% |
| VRSK Verisk Analytics, Inc. | +100.4K | – | $16.86M | 0.336% |
| FND Floor & Decor Holdings, Inc. | +126.8K | +96.5% | $5.81M | 0.236% |
| RYAN Ryan Specialty Holdings, Inc. | +122.1K | +64.6% | $4.52M | 0.23% |
| CPRT Copart Inc | +129.6K | +44.2% | $3.54M | 0.23% |
| STM STMicroelectronics N.V. | +25.0K | – | $1.33M | 0.027% |
| CNR Core Natural Resources, Inc. | +10.9K | +46.3% | $936.17K | 0.059% |
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| FAST Fastenal Co | -2.83M | -100.0% | $135.91M | Exited |
| DEO Diageo Plc | -676.0K | -87.0% | $57.87M | 0.172% |
| DOW Dow Inc. | -1.85M | -100.0% | $50.63M | Exited |
| SNA Snap-on Inc | -114.4K | -27.4% | $41.56M | 2.2% |
| KEYS Keysight Technologies, Inc. | -64.6K | -100.0% | $22.61M | Exited |
| GLDM World Gold Trust | -193.6K | -37.0% | $15.91M | 0.54% |
| GGG Graco Inc | -196.5K | -35.8% | $15.10M | 0.541% |
| PAYC Paycom Software, Inc. | -43.6K | -11.6% | $9.49M | 1.44% |
| CB Chubb Ltd | -26.8K | -5.8% | $8.73M | 2.82% |
| NDSN Nordson Corp | -25.5K | -9.1% | $8.36M | 1.67% |
| Holding | Shares Sold | Trade Value | Prior Weight |
|---|---|---|---|
| FAST Fastenal Co | -2.83M | $135.91M | 2.52% |
| DOW Dow Inc. | -1.85M | $50.63M | 0.939% |
| KEYS Keysight Technologies, Inc. | -64.6K | $22.61M | 0.419% |
| KN Knowles Corp | -35.0K | $1.45M | 0.027% |
| PPLT abrdn Platinum ETF Trust | -75.3K | $1.06M | 0.02% |
| HLN Haleon plc | -106.3K | $991.39K | 0.018% |
| TRIN Trinity Capital Inc. | -48.5K | $867.72K | 0.016% |
| BIDU Baidu, Inc. | -2,089 | $238.75K | <0.01% |
| WCN Waste Connections, Inc. | -1,244 | $207.36K | <0.01% |
| ASAIY Sendas Distributor S.A. | -15.4K | $129.43K | <0.01% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | CVX Chevron Corp | Energy | 707.3K | $144.44M | 2.88% | -35.6K | -4.8% | Reduced | 0.04% |
| 2 | CB Chubb Ltd | Financial Services | 433.9K | $141.13M | 2.82% | -26.8K | -5.8% | Reduced | 0.11% |
| 3 | ZTS Zoetis Inc. | Healthcare | 1.86M | $130.17M | 2.6% | +1.40M | +300.5% | Added | 0.45% |
| 4 | LMT Lockheed Martin Corp | Industrials | 246.6K | $125.60M | 2.51% | -11.9K | -4.6% | Reduced | 0.11% |
| 5 | LIN Linde Plc | Basic Materials | 258.4K | $122.63M | 2.45% | -12.4K | -4.6% | Reduced | 0.06% |
| 6 | GILD Gilead Sciences, Inc. | Healthcare | 791.3K | $117.94M | 2.35% | -41.3K | -5.0% | Reduced | 0.06% |
| 7 | SWK Stanley Black & Decker, Inc. | Industrials | 1.30M | $115.39M | 2.3% | -45.9K | -3.4% | Reduced | 0.86% |
| 8 | WEC Wec Energy Group, Inc. | Utilities | 1.14M | $115.02M | 2.3% | -50.0K | -4.2% | Reduced | 0.35% |
| 9 | MDLZ Mondelez International, Inc. | Consumer Staples | 1.97M | $113.67M | 2.27% | -78.3K | -3.8% | Reduced | 0.15% |
| 10 | ADI Analog Devices Inc | Technology | 282.3K | $111.98M | 2.23% | -11.1K | -3.8% | Reduced | 0.06% |
| 11 | PGR Progressive Corp | Financial Services | 537.5K | $111.42M | 2.22% | -19.9K | -3.6% | Reduced | 0.09% |
| 12 | ETR Entergy Corp | Utilities | 1.11M | $110.60M | 2.21% | -42.4K | -3.7% | Reduced | 0.24% |
| 13 | SNA Snap-on Inc | Industrials | 302.7K | $110.00M | 2.2% | -114.4K | -27.4% | Reduced | 0.59% |
| 14 | SO Southern Co | Utilities | 1.32M | $109.01M | 2.18% | -55.5K | -4.0% | Reduced | 0.11% |
| 15 | NTRS Northern Trust Corp | Financial Services | 629.5K | $106.61M | 2.13% | -30.9K | -4.7% | Reduced | 0.35% |
Tip. Select a row to see that position’s full history at Confluence Investment Management.
As of its Q3 2026 13F filing, Confluence Investment Management LLC’s five largest positions were Chevron Corp (CVX) at 2.9%, Chubb Ltd (CB) at 2.8%, Zoetis Inc. (ZTS) at 2.6%, Lockheed Martin Corp (LMT) at 2.5%, Linde Plc (LIN) at 2.4% of the reported portfolio.
Confluence Investment Management LLC reported a 13F portfolio worth $5.01B across 195 positions for Q3 2026. That is down 7.1% from the previous quarter.
Its largest purchases by value were Zoetis Inc. ($97.67M), Watsco Inc ($96.99M), NIKE, Inc. ($86.42M). It opened 5 new positions.
Its largest sales by value were Fastenal Co ($135.91M), Diageo Plc ($57.87M), Dow Inc. ($50.63M). It exited 12 positions entirely.
From the Form 13F-HR reports Confluence Investment Management LLC files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.