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CIM

Confluence Investment Management Portfolio holdings

AUM $6.4B
1-Year Est. Return 9.79%
This Fund
S&P 500
This Quarter Est. Return
+1.9%
1 Year Est. Return
+9.79%
3 Year Est. Return
+34.83%
5 Year Est. Return
+43.81%
10 Year Est. Return
+168.7%
AUM
$6.94B
AUM Growth
-$264M
Cap. Flow
-$340M
Cap. Flow %
-4.9%
Top 10 Hldgs %
23.15%
Holding
322
New
23
Increased
97
Reduced
166
Closed
28

Top Buys

Rank Stock Value
1
SGOV icon
iShares 0-3 Month Treasury Bond ETF
SGOV
+$52.4M
2
ACGL icon
Arch Capital
ACGL
+$37M
3
APD icon
Air Products & Chemicals
APD
+$35.8M
4
ZTS icon
Zoetis
ZTS
+$23.2M
5
IBTO icon
iShares iBonds Dec 2033 Term Treasury ETF
IBTO
+$16.8M

Top Sells

Rank Stock Value
1
BIPC icon
Brookfield Infrastructure
BIPC
+$89.2M
2
PGR icon
Progressive
PGR
+$78.8M
3
MKL icon
Markel Group
MKL
+$61.3M
4
MSFT icon
Microsoft
MSFT
+$60.3M
5
SBUX icon
Starbucks
SBUX
+$34.8M

Sector Composition

Rank Sector Weight
1 Financials 20.71%
2 Technology 13.08%
3 Industrials 12.47%
4 Consumer Staples 10.46%
5 Utilities 7.59%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IBTL icon
126
iShares iBonds Dec 2031 Term Treasury ETF
IBTL
$655M
$6.24M 0.09%
+306,939
New +$6.13M
IBDV icon
127
iShares iBonds Dec 2030 Term Corporate ETF
IBDV
$3.3B
$6.13M 0.09%
+282,297
New +$6.07M
TSLX icon
128
Sixth Street Specialty
TSLX
$1.81B
$5.63M 0.08%
251,416
+234
+0.1% +$5.21K
BSSX icon
129
Invesco BulletShares 2033 Municipal Bond ETF
BSSX
$135M
$5.59M 0.08%
220,577
+208,752
+1,765% +$5.36M
IEI icon
130
iShares 3-7 Year Treasury Bond ETF
IEI
$17.7B
$5.58M 0.08%
47,213
+898
+2% +$105K
BSMU icon
131
Invesco BulletShares 2030 Municipal Bond ETF
BSMU
$276M
$5.37M 0.08%
248,788
-5,204
-2% -$114K
BSMT icon
132
Invesco BulletShares 2029 Municipal Bond ETF
BSMT
$283M
$5.35M 0.08%
235,377
+124,926
+113% +$2.87M
GBDC icon
133
Golub Capital BDC
GBDC
$3.42B
$5.3M 0.08%
349,833
+2,345
+0.7% +$36K
BBDC icon
134
Barings BDC
BBDC
$965M
$4.96M 0.07%
519,779
+2,026
+0.4% +$20K
NMFC icon
135
New Mountain Finance
NMFC
$732M
$4.84M 0.07%
438,682
+8,876
+2% +$101K
OBDC icon
136
Blue Owl Capital
OBDC
$5.74B
$4.47M 0.06%
+304,846
New +$4.58M
MLN icon
137
VanEck Long Muni ETF
MLN
$683M
$4.38M 0.06%
251,836
+45,898
+22% +$812K
CVCO icon
138
Cavco Industries
CVCO
$4.55B
$4.34M 0.06%
8,359
-1,244
-13% -$625K
AZN icon
139
AstraZeneca
AZN
$250B
$4.26M 0.06%
+187
New +$27.1K
BRK.A icon
140
Berkshire Hathaway Class A
BRK.A
$1.12T
$3.99M 0.06%
5
– –
IBDS icon
141
iShares iBonds Dec 2027 Term Corporate ETF
IBDS
$3.87B
$3.95M 0.06%
163,383
-2,076
-1% -$49.9K
FSK icon
142
FS KKR Capital
FSK
$3.44B
$3.89M 0.06%
185,799
+132,744
+250% +$2.97M
STC icon
143
Stewart Information Services
STC
$2.08B
$3.7M 0.05%
51,894
-4,071
-7% -$276K
HYMB icon
144
State Street SPDR Nuveen ICE High Yield Municipal Bond ETF
HYMB
$3.36B
$3.67M 0.05%
145,414
-763
-0.5% -$19.6K
HYD icon
145
VanEck High Yield Muni ETF
HYD
$4.4B
$3.39M 0.05%
66,241
-251
-0.4% -$13K
RBC icon
146
RBC Bearings
RBC
$18B
$3.23M 0.05%
10,053
-4,182
-29% -$1.41M
SLRC icon
147
SLR Investment Corp
SLRC
$715M
$3.16M 0.05%
187,389
-89
-0% -$1.51K
BSMW icon
148
Invesco BulletShares 2032 Municipal Bond ETF
BSMW
$214M
$3.12M 0.04%
126,794
+114,610
+941% +$2.87M
BSMV icon
149
Invesco BulletShares 2031 Municipal Bond ETF
BSMV
$188M
$2.98M 0.04%
143,705
-113,022
-44% -$2.36M
SPB icon
150
Spectrum Brands
SPB
$2.07B
$2.94M 0.04%
41,050
-1,045
-2% -$82K
4 5
6
7 8

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Confluence Investment Management's Q1 2025 Portfolio in Review

As of Q1 2025, Confluence Investment Management held 322 positions worth $6.94B, down 3.7% from $7.21B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Confluence Investment Management withdrew a net $340M in Q1 2025, closing 28 positions and reducing 166 holdings. Its most notable exit was Brookfield Infrastructure, an estimated $89.2M position sold in full.

By sector, the portfolio is most concentrated in Financials at 21% of assets, down from 21% a quarter earlier, followed by Technology and Industrials.

Against the trend, Confluence Investment Management opened a new position in Arch Capital worth $38.5M.

  • Confluence Investment Management's largest Q1 2025 buy was Arch Capital: 400,697 shares worth $38.5M.
  • Confluence Investment Management added most to iShares 0-3 Month Treasury Bond ETF in Q1 2025, an estimated $52.4M increase.
  • Confluence Investment Management's biggest Q1 2025 reduction was Progressive, cutting an estimated $78.8M.
  • Confluence Investment Management fully exited Brookfield Infrastructure in Q1 2025, selling an estimated $89.2M.
  • Confluence Investment Management's ten largest holdings make up 23% of its $6.94B portfolio in Q1 2025.
  • Confluence Investment Management opened 23 new positions and closed 28 in Q1 2025.
  • Confluence Investment Management's portfolio value fell 3.7% quarter-over-quarter to $6.94B.

Based on Confluence Investment Management's 13F filing for Q1 2025, filed 1 Apr 2025.