Institutional manager

CONFLUENCE INVESTMENT MANAGEMENT LLC

Holds positions in 82 of the S&P 500, worth $4.90bn as reported for the quarter ended 31-mar-2026.

Positions held82of 488 index companies covered

Reported value$4.90bnS&P 500 positions only

Top ten weight31%how concentrated the book is

Filing entities1single filer

Largest positions

The 60 biggest by reported value, of 82 held. The rest are smaller than every one of these.

Analog DevicesADI540,640$172mInformation Technology Lockheed MartinLMT269,640$163mIndustrials Chevron CorporationCVX772,243$160mEnergy Snap-onSNA435,896$158mIndustrials Chubb LimitedCB482,043$157mFinancials Hershey Company (The)HSY690,349$144mConsumer Staples WEC Energy GroupWEC1.2m$143mUtilities Linde plcLIN283,072$140mMaterials EntergyETR1.2m$138mUtilities FastenalFAST3.0m$138mIndustrials Southern CompanySO1.4m$137mUtilities Mondelez InternationalMDLZ2.1m$122mConsumer Staples Gilead SciencesGILD861,023$120mHealth Care CiscoCSCO1.5m$120mInformation Technology Kinder MorganKMI3.5m$117mEnergy Progressive CorporationPGR580,259$115mFinancials Honeywell TechnologiesHON499,862$113mIndustrials American Water WorksAWK809,958$110mUtilities Colgate-PalmoliveCL1.3m$107mConsumer Staples Home Depot (The)HD319,923$105mConsumer Discretionary CloroxCLX932,575$97mConsumer Staples Northern TrustNTRS680,260$95mFinancials U.S. BancorpUSB1.8m$93mFinancials PaychexPAYX969,809$89mIndustrials Broadridge Financial SolutionsBR534,393$87mIndustrials T. Rowe PriceTROW963,167$87mFinancials Nordson CorporationNDSN308,267$82mIndustrials Dow Inc.DOW1.9m$78mMaterials W. R. Berkley CorporationWRB1.1m$74mFinancials MastercardMA146,534$73mFinancials TJX CompaniesTJX446,526$71mConsumer Discretionary Stryker CorporationSYK208,059$68mHealth Care AccentureACN340,812$68mInformation Technology Air ProductsAPD217,487$63mMaterials S&P GlobalSPGI134,280$57mFinancials MicrosoftMSFT148,611$55mInformation Technology Illinois Tool WorksITW207,159$54mIndustrials Keysight TechnologiesKEYS179,504$51mInformation Technology MascoMAS828,604$50mIndustrials Lowe'sLOW210,064$50mConsumer Discretionary Alphabet Inc. (Class A)GOOGL172,879$50mCommunication Services Berkshire HathawayBRK.B93,266$48mFinancials Thermo Fisher ScientificTMO90,151$44mHealth Care NXP SemiconductorsNXPI219,824$43mInformation Technology Arch Capital GroupACGL364,086$35mFinancials Martin Marietta MaterialsMLM56,855$33mMaterials Brown–FormanBF.B1.2m$33mConsumer Staples Carrier GlobalCARR511,137$29mIndustrials StarbucksSBUX315,131$28mConsumer Discretionary Brown & BrownBRO404,645$26mFinancials Booking HoldingsBKNG6,143$26mConsumer Discretionary Constellation BrandsSTZ171,647$26mConsumer Staples General DynamicsGD70,894$24mIndustrials EOG ResourcesEOG165,675$24mEnergy EcolabECL89,454$24mMaterials AmphenolAPH185,611$23mInformation Technology Expeditors InternationalEXPD160,703$23mIndustrials ResMed|RMD99,845$22mHealth Care McDonald'sMCD69,902$22mConsumer Discretionary Sherwin-WilliamsSHW66,450$21mMaterials

What this page is not

Positions in the companies this site covers, from 13F filings, which report US listed, long, US custodied holdings. A manager's real book is larger than this in every case: anything outside the index, outside US custody, held through derivatives, or below its reporting obligation is not here.