Institutional manager

CONFLUENCE INVESTMENT MANAGEMENT LLC

Holds positions in 80 of the S&P 500, worth $5.06bn as reported for the quarter ended 31-mar-2026.

Positions held80of 488 index companies covered

Reported value$5.06bnS&P 500 positions only

Top ten weight33%how concentrated the book is

Filing entities1single filer

Largest positions

The 60 biggest by reported value, of 80 held. The rest are smaller than every one of these.

State Street CorporationSTT7.1m$283mFinancials 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 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 S&P 500 constituents only, 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.