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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
+10.69%
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
$6.7B
AUM Growth
+$709M
Cap. Flow
+$121M
Cap. Flow %
1.81%
Top 10 Hldgs %
23.22%
Holding
332
New
34
Increased
114
Reduced
148
Closed
27

Top Buys

Rank Stock Value
1
SPMB icon
State Street SPDR Portfolio Mortgage Backed Bond ETF
SPMB
+$53.9M
2
SHY icon
iShares 1-3 Year Treasury Bond ETF
SHY
+$42.5M
3
TROW icon
T. Rowe Price
TROW
+$41.1M
4
IBTH icon
iShares iBonds Dec 2027 Term Treasury ETF
IBTH
+$31.1M
5
MDYV icon
State Street SPDR S&P 400 Mid Cap Value ETF
MDYV
+$30.8M

Top Sells

Rank Stock Value
1
IEF icon
iShares 7-10 Year Treasury Bond ETF
IEF
+$34.4M
2
WRB icon
W.R. Berkley
WRB
+$27.9M
3
MBB icon
iShares MBS ETF
MBB
+$20.5M
4
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
+$19.4M
5
IBDU icon
iShares iBonds Dec 2029 Term Corporate ETF
IBDU
+$18.1M

Sector Composition

Rank Sector Weight
1 Financials 21.51%
2 Industrials 13.01%
3 Technology 12.76%
4 Consumer Discretionary 8.87%
5 Consumer Staples 8.84%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NWN icon
151
Northwest Natural Holdings
NWN
$2.12B
$4.39M 0.07%
92,200
-6,393
-6% -$300K
MRTN icon
152
Marten Transport
MRTN
$1.22B
$4.37M 0.07%
221,013
-13,253
-6% -$264K
HGTY icon
153
Hagerty
HGTY
$1.39B
$4.26M 0.06%
+506,963
New +$4.41M
JBTM
154
JBT Marel
JBTM
$6.39B
$4.2M 0.06%
45,999
-2,718
-6% -$249K
IBDS icon
155
iShares iBonds Dec 2027 Term Corporate ETF
IBDS
$3.85B
$4.2M 0.06%
179,582
-262,635
-59% -$6.09M
PNNT
156
Pennant Park Investment Corp
PNNT
$241M
$4.15M 0.06%
721,246
+466
+0.1% +$2.73K
BMRC icon
157
Bank of Marin Bancorp
BMRC
$459M
$4.13M 0.06%
125,665
-10,757
-8% -$362K
CLB icon
158
Core Laboratories
CLB
$521M
$3.96M 0.06%
195,235
-38,836
-17% -$753K
HAYW icon
159
Hayward Holdings
HAYW
$3.36B
$3.93M 0.06%
417,968
-37,410
-8% -$348K
TSLX icon
160
Sixth Street Specialty
TSLX
$1.81B
$3.91M 0.06%
219,540
-208
-0.1% -$3.73K
AOUT icon
161
American Outdoor Brands
AOUT
$157M
$3.64M 0.05%
362,900
-28,046
-7% -$261K
SLRC icon
162
SLR Investment Corp
SLRC
$715M
$3.28M 0.05%
235,451
-17,184
-7% -$239K
ITA icon
163
iShares US Aerospace & Defense ETF
ITA
$14.7B
$3.25M 0.05%
29,041
+2,190
+8% +$233K
OFS icon
164
OFS Capital
OFS
$51.9M
$3.24M 0.05%
318,930
+683
+0.2% +$6.68K
XLE icon
165
State Street Energy Select Sector SPDR ETF
XLE
$37.7B
$3.22M 0.05%
73,542
+4,952
+7% +$216K
IBML
166
DELISTED
iShares iBonds Dec 2023 Term Muni Bond ETF
IBML
$3.07M 0.05%
121,141
-45,196
-27% -$1.14M
GSBD icon
167
Goldman Sachs BDC
GSBD
$1.1B
$2.87M 0.04%
209,340
+9,825
+5% +$148K
SCM icon
168
Stellus Capital Investment Corp
SCM
$243M
$2.81M 0.04%
212,318
+55
+0% +$726
XLP icon
169
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.9B
$2.79M 0.04%
37,496
+3,174
+9% +$231K
BXSL icon
170
Blackstone Secured Lending
BXSL
$5.72B
$2.77M 0.04%
123,818
-318
-0.3% -$7.45K
OBDC icon
171
Blue Owl Capital
OBDC
$5.74B
$2.64M 0.04%
228,554
+757
+0.3% +$9.08K
HCSG icon
172
Healthcare Services Group
HCSG
$1.53B
$2.58M 0.04%
214,929
-82,529
-28% -$1.09M
GOOD
173
Gladstone Commercial Corp
GOOD
$627M
$2.37M 0.04%
128,216
-128,069
-50% -$2.28M
STC icon
174
Stewart Information Services
STC
$2.08B
$2.37M 0.04%
+55,337
New +$2.32M
MATV icon
175
Mativ Holdings
MATV
$711M
$2.35M 0.04%
112,301
-27,454
-20% -$595K
5 6
7
8 9

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Confluence Investment Management's Q4 2022 Portfolio in Review

As of Q4 2022, Confluence Investment Management held 332 positions worth $6.7B, up 12% from $5.99B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Confluence Investment Management's Q4 2022 filing shows 34 new, 114 increased, 148 reduced and 27 closed positions. Its largest new stake was State Street SPDR Portfolio Mortgage Backed Bond ETF: 2,496,970 shares worth $54.2M. The largest sale was iShares 7-10 Year Treasury Bond ETF, an estimated $34.4M.

By sector, the portfolio is most concentrated in Financials at 22% of assets, down from 22% a quarter earlier, followed by Industrials and Technology.

  • Confluence Investment Management's largest Q4 2022 buy was State Street SPDR Portfolio Mortgage Backed Bond ETF: 2,496,970 shares worth $54.2M.
  • Confluence Investment Management added most to T. Rowe Price in Q4 2022, an estimated $41.1M increase.
  • Confluence Investment Management's biggest Q4 2022 reduction was W.R. Berkley, cutting an estimated $27.9M.
  • Confluence Investment Management fully exited iShares 7-10 Year Treasury Bond ETF in Q4 2022, selling an estimated $34.4M.
  • Confluence Investment Management's ten largest holdings make up 23% of its $6.7B portfolio in Q4 2022.
  • Confluence Investment Management opened 34 new positions and closed 27 in Q4 2022.
  • Confluence Investment Management's portfolio value rose 12% quarter-over-quarter to $6.7B.

Based on Confluence Investment Management's 13F filing for Q4 2022, filed 4 Jan 2023.