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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
+166.84%
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
PEP icon
1
PepsiCo
PEP
$190B
$186M 2.78%
1,032,149
-6,635
-0.6% -$1.18M
PGR icon
2
Progressive
PGR
$123B
$167M 2.5%
1,291,221
-43,409
-3% -$5.5M
LMT icon
3
Lockheed Martin
LMT
$134B
$165M 2.45%
338,151
-2,183
-0.6% -$1.01M
DEO icon
4
Diageo
DEO
$49B
$157M 2.34%
881,686
+2,714
+0.3% +$476K
CB icon
5
Chubb
CB
$135B
$154M 2.3%
699,167
-3,440
-0.5% -$716K
SNA icon
6
Snap-on
SNA
$21.2B
$150M 2.24%
655,676
-5,411
-0.8% -$1.22M
PAYX icon
7
Paychex
PAYX
$41.6B
$148M 2.21%
1,279,791
-3,175
-0.2% -$372K
CVX icon
8
Chevron
CVX
$392B
$147M 2.2%
820,638
-1,820
-0.2% -$318K
LIN icon
9
Linde
LIN
$221B
$141M 2.11%
432,737
-268
-0.1% -$84K
ADI icon
10
Analog Devices
ADI
$179B
$140M 2.09%
853,916
+141,791
+20% +$22.1M
FAST icon
11
Fastenal
FAST
$54.7B
$135M 2.01%
5,700,690
+100,640
+2% +$2.46M
SO icon
12
Southern Company
SO
$109B
$134M 2.01%
1,882,833
+20,091
+1% +$1.34M
HD icon
13
Home Depot
HD
$331B
$131M 1.96%
416,195
+4,606
+1% +$1.4M
MSFT icon
14
Microsoft
MSFT
$3.45T
$129M 1.92%
537,177
+15,689
+3% +$3.77M
TROW icon
15
T. Rowe Price
TROW
$23.9B
$121M 1.81%
1,110,166
+363,547
+49% +$41.1M
CL icon
16
Colgate-Palmolive
CL
$73.1B
$118M 1.76%
1,497,399
+25,313
+2% +$1.9M
GILD icon
17
Gilead Sciences
GILD
$162B
$116M 1.72%
1,345,997
+5,923
+0.4% +$469K
PII icon
18
Polaris
PII
$3.82B
$113M 1.69%
1,122,571
+19,743
+2% +$2.06M
BR icon
19
Broadridge
BR
$17.8B
$110M 1.63%
816,719
+6,963
+0.9% +$989K
FNF icon
20
Fidelity National Financial
FNF
$13.9B
$104M 1.55%
2,756,943
+186,784
+7% +$7.01M
NTRS icon
21
Northern Trust
NTRS
$33.3B
$103M 1.53%
1,160,092
+26,063
+2% +$2.28M
ETR icon
22
Entergy
ETR
$50.2B
$101M 1.51%
1,798,968
+22,916
+1% +$1.26M
BIPC icon
23
Brookfield Infrastructure
BIPC
$5.2B
$101M 1.5%
2,589,701
-14,180
-0.5% -$602K
KMI icon
24
Kinder Morgan
KMI
$71.7B
$100M 1.49%
5,536,461
+139,036
+3% +$2.5M
RYN icon
25
Rayonier
RYN
$6.55B
$97.7M 1.46%
3,267,531
+9,995
+0.3% +$307K
1
2 3 4 5

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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.