Confluence Investment Management’s PepsiCo PEP Stock Holding History

Confluence Investment Management’s Portfolio PEP Stock Details PEP Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q3	–	Sell	-711,253	Closed	-$93.9M	–	307
2025 Q2	$93.9M	Sell	711,253 -184,995	-21%	-$24.9M	1.33%	28
2025 Q1	$134M	Sell	896,248 -922	-0.1%	-$137K	1.94%	12
2024 Q4	$136M	Sell	897,170 -7,683	-0.8%	-$1.26M	1.89%	14
2024 Q3	$154M	Sell	904,853 -10,114	-1%	-$1.74M	2.06%	7
2024 Q2	$151M	Sell	914,967 -34,937	-4%	-$6.03M	2.18%	4
2024 Q1	$166M	Sell	949,904 -11,206	-1%	-$1.89M	2.24%	6
2023 Q4	$163M	Sell	961,110 -17,315	-2%	-$2.87M	2.31%	5
2023 Q3	$166M	Sell	978,425 -15,034	-2%	-$2.73M	2.57%	2
2023 Q2	$184M	Sell	993,459 -21,190	-2%	-$3.95M	2.68%	1
2023 Q1	$185M	Sell	1,014,649 -17,500	-2%	-$3.06M	2.72%	1
2022 Q4	$186M	Sell	1,032,149 -6,635	-0.6%	-$1.18M	2.78%	1
2022 Q3	$170M	Sell	1,038,784 -5,059	-0.5%	-$872K	2.83%	1
2022 Q2	$174M	Buy	1,043,843 +5,810	+0.6%	+$978K	2.71%	1
2022 Q1	$174M	Buy	1,038,033 +1,188	+0.1%	+$199K	2.43%	3
2021 Q4	$180M	Sell	1,036,845 -28,738	-3%	-$4.69M	2.39%	3
2021 Q3	$160M	Sell	1,065,583 -106,861	-9%	-$16.5M	2.25%	2
2021 Q2	$174M	Buy	1,172,444 +16,714	+1%	+$2.44M	2.31%	1
2021 Q1	$163M	Buy	1,155,730 +11,692	+1%	+$1.6M	2.29%	3
2020 Q4	$170M	Sell	1,144,038 -27,495	-2%	-$3.91M	2.52%	2
2020 Q3	$162M	Sell	1,171,533 -29,260	-2%	-$3.98M	2.64%	1
2020 Q2	$159M	Sell	1,200,793 -23,394	-2%	-$3.08M	2.65%	2
2020 Q1	$147M	Buy	1,224,187 +18,811	+2%	+$2.54M	2.79%	1
2019 Q4	$158M	Sell	1,205,376 -9,032	-0.7%	-$1.23M	2.53%	1
2019 Q3	$166M	Buy	1,214,408 +9,032	+0.7%	+$1.2M	2.6%	1
2019 Q2	$158M	Buy	1,205,376 +470	+0%	+$60.3K	2.53%	1
2019 Q1	$148M	Sell	1,204,906 -15,902	-1%	-$1.81M	2.5%	2
2018 Q4	$135M	Buy	1,220,808 +21,664	+2%	+$2.44M	2.54%	3
2018 Q3	$134M	Buy	1,199,144 +76	+0%	+$8.61K	2.28%	7
2018 Q2	$131M	Buy	1,199,068 +10,283	+0.9%	+$1.06M	2.29%	6
2018 Q1	$130M	Buy	1,188,785 +34,535	+3%	+$3.93M	2.4%	5
2017 Q4	$138M	Buy	1,154,250 +22,364	+2%	+$2.55M	2.53%	2
2017 Q3	$126M	Buy	1,131,886 +29,674	+3%	+$3.43M	2.42%	2
2017 Q2	$127M	Buy	1,102,212 +58,210	+6%	+$6.68M	2.59%	2
2017 Q1	$117M	Buy	1,044,002 +64,837	+7%	+$6.96M	2.61%	2
2016 Q4	$102M	Buy	979,165 +34,012	+4%	+$3.56M	2.49%	2
2016 Q3	$103M	Buy	945,153 +57,755	+7%	+$6.22M	2.68%	2
2016 Q2	$94M	Buy	887,398 +69,358	+8%	+$7.16M	2.59%	2
2016 Q1	$83.8M	Buy	818,040 +36,423	+5%	+$3.6M	2.51%	1
2015 Q4	$78.1M	Buy	781,617 +37,536	+5%	+$3.75M	2.55%	1
2015 Q3	$70.2M	Buy	744,081 +33,079	+5%	+$3.15M	2.56%	1
2015 Q2	$66.4M	Buy	711,002 +37,908	+6%	+$3.62M	2.42%	1
2015 Q1	$64.4M	Buy	673,094 +44,813	+7%	+$4.34M	2.43%	1
2014 Q4	$59.4M	Buy	628,281 +57,074	+10%	+$5.47M	2.42%	2
2014 Q3	$53.2M	Buy	571,207 +7,818	+1%	+$714K	2.37%	2
2014 Q2	$50.3M	Buy	563,389 +45,158	+9%	+$3.9M	2.3%	3
2014 Q1	$43.3M	Buy	518,231 +51,328	+11%	+$4.17M	2.19%	2
2013 Q4	$38.7M	Buy	466,903 +42,420	+10%	+$3.52M	2.14%	4
2013 Q3	$33.7M	Buy	424,483 +102,622	+32%	+$8.43M	2.09%	4
2013 Q2	$26.3M	Buy	+321,861	New	+$26.3M	1.81%	6

Other funds holding PEP

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

Charles Schwab San Francisco, California $654B AUM 26.35% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Northern Trust Chicago, Illinois $757B AUM 28.64% 1-Year Est. Return

Franklin Resources San Mateo, California $408B AUM 30.18% 1-Year Est. Return

Confluence Investment Management's PEP Position: Q3 2025 in Review

Confluence Investment Management sold out of PepsiCo (PEP) in Q3 2025, closing a stake of 711,253 shares — an estimated $93.9M sold.

Confluence Investment Management first reported a position in PEP in Q2 2013 and held it in 49 quarters. The position peaked at $186M in Q4 2022. 3,312 funds tracked by Wall St. Rank hold PEP as of Q3 2025.

Confluence Investment Management reported no remaining PepsiCo position as of Q3 2025 after selling out during the quarter.
Confluence Investment Management sold 711,253 PepsiCo shares in Q3 2025, an estimated $93.9M.
Confluence Investment Management first reported a position in PepsiCo in Q2 2013 and held it in 49 quarters.
Confluence Investment Management's PepsiCo position peaked at $186M in Q4 2022.
3,312 funds tracked by Wall St. Rank held PepsiCo as of Q3 2025.

Based on Confluence Investment Management's 13F filing for Q3 2025, filed 14 Oct 2025.