All Stocks Held By Confluence Investment Management LLC

As of 03/31/2024, we find all stocks held by Confluence Investment Management LLC to be as follows, presented in the table below with each row detailing each Confluence Investment Management LLC position, ordered by largest to smallest position size. The all-stocks-held-by-Confluence Investment Management LLC table shows the entity held in the first column (click any entity to explore other funds holding positions), the share amount held, the share count change between the last two reporting periods, and finally the position size for all stocks held by Confluence Investment Management LLC as of the latest filing.

Entity	Amount	Change 12/31/2023 to 03/31/2024	Position Size ($ in 1000's)
Fastenal Co.	2,533,823	+2,533,823	$195,459
FAST	2,533,823	+2,533,823	$195,459
Progressive Corp.	912,107	+912,107	$188,642
PGR	912,107	+912,107	$188,642
Microsoft Corp.	417,655	+417,655	$175,716
MSFT	417,655	+417,655	$175,716
Snap on Inc.	585,549	+585,549	$173,451
SNA	585,549	+585,549	$173,451
Linde plc	369,588	+369,588	$171,607
LIN	369,588	+369,588	$171,607
PepsiCo Inc.	949,904	+949,904	$166,243
PEP	949,904	+949,904	$166,243
Chubb Ltd.	640,344	+640,344	$165,932
CB	640,344	+640,344	$165,932
Lockheed Martin Corp.	332,847	+332,847	$151,402
LMT	332,847	+332,847	$151,402
Home Depot Inc.	392,398	+392,398	$150,524
HD	392,398	+392,398	$150,524
Paychex Inc.	1,193,952	+1,193,952	$146,617
PAYX	1,193,952	+1,193,952	$146,617
Broadridge Financial Solutions	703,082	+703,082	$144,033
BR	703,082	+703,082	$144,033
Analog Devices Inc.	701,752	+701,752	$138,800
ADI	701,752	+701,752	$138,800
Clorox Co.	885,835	+885,835	$135,630
CLX	885,835	+885,835	$135,630
Fidelity National Financial In	2,548,912	+2,548,912	$135,347
FNF	2,548,912	+2,548,912	$135,347
Colgate Palmolive Co.	1,450,553	+1,450,553	$130,622
CL	1,450,553	+1,450,553	$130,622
T. Rowe Price Group Inc.	1,069,437	+1,069,437	$130,386
TROW	1,069,437	+1,069,437	$130,386
Southern Co.	1,789,977	+1,789,977	$128,413
SO	1,789,977	+1,789,977	$128,413
WEC Energy Group Inc.	1,558,019	+1,558,019	$127,945
WEC	1,558,019	+1,558,019	$127,945
Diageo plc	843,581	+843,581	$125,474
DEO	843,581	+843,581	$125,474
Chevron Corp.	784,081	+784,081	$123,681
CVX	784,081	+784,081	$123,681
Nestle S.A.	1,046,136	+1,046,136	$111,100
NSRGY	1,046,136	+1,046,136	$111,100
Polaris Inc.	1,087,590	+1,087,590	$108,890
PII	1,087,590	+1,087,590	$108,890
Northern Trust Corp.	1,188,320	+1,188,320	$105,665
NTRS	1,188,320	+1,188,320	$105,665
Dow Inc.	1,746,166	+1,746,166	$101,155
DOW	1,746,166	+1,746,166	$101,155
United Parcel Service Inc.	673,993	+673,993	$100,176
UPS	673,993	+673,993	$100,176
Cisco Systems Inc.	1,913,222	+1,913,222	$95,489
CSCO	1,913,222	+1,913,222	$95,489
Stryker Corp.	260,903	+260,903	$93,369
SYK	260,903	+260,903	$93,369
Entergy Corp.	872,985	+872,985	$92,257
ETR	872,985	+872,985	$92,257
U.S. Bancorp	2,062,460	+2,062,460	$92,192
USB	2,062,460	+2,062,460	$92,192
Mastercard Inc.	191,308	+191,308	$92,128
MA	191,308	+191,308	$92,128
TJX Cos. Inc.	901,448	+901,448	$91,425
TJX	901,448	+901,448	$91,425
iShares 0 3 Month Treasury Bon (SGOV)	907,300	+907,300	$91,374
SGOV	907,300	+907,300	$91,374
Gilead Sciences Inc.	1,245,994	+1,245,994	$91,269
GILD	1,245,994	+1,245,994	$91,269
Brookfield Infrastructure Corp	2,489,171	+2,489,171	$89,710
BIPC	2,489,171	+2,489,171	$89,710
Kinder Morgan Inc.	4,777,898	+4,777,898	$87,627
KMI	4,777,898	+4,777,898	$87,627
Ares Capital Corp.	4,141,554	+4,141,554	$86,227
ARCC	4,141,554	+4,141,554	$86,227
W. R. Berkley Corp.	935,165	+935,165	$82,706
WRB	935,165	+935,165	$82,706
Weyerhaeuser Co.	2,269,758	+2,269,758	$81,507
WY	2,269,758	+2,269,758	$81,507
S&P Global Inc.	189,865	+189,865	$80,778
SPGI	189,865	+189,865	$80,778
Masco Corp.	991,134	+991,134	$78,181
MAS	991,134	+991,134	$78,181
Rayonier Inc.	2,317,310	+2,317,310	$77,027
RYN	2,317,310	+2,317,310	$77,027
Oracle Corp.	591,938	+591,938	$74,353
ORCL	591,938	+591,938	$74,353
Berkshire Hathaway Inc. B			$72,804
BRK.B	165,585	+165,585	$69,632
BRK.A	5	+5	$3,172
Graco Inc.	758,518	+758,518	$70,891
GGG	758,518	+758,518	$70,891
Alphabet Inc.	438,038	+438,038	$66,696
GOOG	438,038	+438,038	$66,696
Illinois Tool Works Inc.	245,021	+245,021	$65,747
ITW	245,021	+245,021	$65,747
Lowe&apos s Cos. Inc.	251,667	+251,667	$64,107
LOW	251,667	+251,667	$64,107
Starbucks Corp.	685,247	+685,247	$62,625
SBUX	685,247	+685,247	$62,625
Markel Corp. Inc.	40,051	+40,051	$60,937
MKL	40,051	+40,051	$60,937
NXP Semiconductors N.V.	226,459	+226,459	$56,110
NXPI	226,459	+226,459	$56,110
SPDR Portfolio Mortgage Backed (SPMB)	2,581,084	+2,581,084	$56,061
SPMB	2,581,084	+2,581,084	$56,061
Brookfield Corp.	1,317,556	+1,317,556	$55,166
BN	1,317,556	+1,317,556	$55,166
Keysight Technologies Inc.	338,230	+338,230	$52,892
KEYS	338,230	+338,230	$52,892
Invesco S&P MidCap Quality ETF (XMHQ)	472,710	+472,710	$52,022
XMHQ	472,710	+472,710	$52,022
Thermo Fisher Scientific Inc.	87,203	+87,203	$50,683
TMO	87,203	+87,203	$50,683
Brown & Brown Inc.	566,579	+566,579	$49,598
BRO	566,579	+566,579	$49,598
Booking Holdings Inc.	13,096	+13,096	$47,511
BKNG	13,096	+13,096	$47,511
Nordson Corp.	156,241	+156,241	$42,894
NDSN	156,241	+156,241	$42,894
Constellation Brands	143,428	+143,428	$38,978
STZ	143,428	+143,428	$38,978
Pacer US Small Cap Cash Cows 1	788,662	+788,662	$38,771
CALF	788,662	+788,662	$38,771
iShares BB Rated Corporate Bon (HYBB)	806,665	+806,665	$37,308
HYBB	806,665	+806,665	$37,308
SPDR S&P 400 Mid Cap Growth ET (MDYG)	425,999	+425,999	$37,185
MDYG	425,999	+425,999	$37,185
Hershey Co.	180,412	+180,412	$35,090
HSY	180,412	+180,412	$35,090
iShares iBonds Dec 2027 Term T (IBTH)	1,386,858	+1,386,858	$30,733
IBTH	1,386,858	+1,386,858	$30,733
Amphenol Corp.	259,930	+259,930	$29,983
APH	259,930	+259,930	$29,983
Dun & Bradstreet Holdings Inc.	2,961,755	+2,961,755	$29,736
DNB	2,961,755	+2,961,755	$29,736
Sherwin Williams Co.	84,165	+84,165	$29,233
SHW	84,165	+84,165	$29,233
Gates Industrial Corp. plc	1,603,075	+1,603,075	$28,390
GTES	1,603,075	+1,603,075	$28,390
Vontier Corp.	612,224	+612,224	$27,770
VNT	612,224	+612,224	$27,770
Ecolab Inc.	118,739	+118,739	$27,417
ECL	118,739	+118,739	$27,417
SPDR Gold MiniShares Trust ETF (GLDM)	615,603	+615,603	$27,117
GLDM	615,603	+615,603	$27,117
Charles River Laboratories Int	96,957	+96,957	$26,270
CRL	96,957	+96,957	$26,270
iShares 1 3 Year Treasury Bond (SHY)	313,351	+313,351	$25,626
SHY	313,351	+313,351	$25,626
ResMed Inc.	129,161	+129,161	$25,578
RMD	129,161	+129,161	$25,578
General Dynamics Corp.	89,274	+89,274	$25,219
GD	89,274	+89,274	$25,219
Donaldson Co. Inc.	335,000	+335,000	$25,018
DCI	335,000	+335,000	$25,018
SPDR S&P 400 Mid Cap Value ETF (MDYV)	326,099	+326,099	$24,784
MDYV	326,099	+326,099	$24,784
EOG Resources Inc.	191,926	+191,926	$24,536
EOG	191,926	+191,926	$24,536
McDonald&apos s Corp.	83,560	+83,560	$23,560
MCD	83,560	+83,560	$23,560
Procter & Gamble Co.	142,912	+142,912	$23,187
PG	142,912	+142,912	$23,187
Expeditors International of Wa	190,652	+190,652	$23,178
EXPD	190,652	+190,652	$23,178
Martin Marietta Materials Inc.	36,294	+36,294	$22,282
MLM	36,294	+36,294	$22,282
Rockwell Automation Inc.	76,265	+76,265	$22,218
ROK	76,265	+76,265	$22,218
SPDR S&P 600 Small Cap Growth (SLYG)	242,435	+242,435	$21,148
SLYG	242,435	+242,435	$21,148
Morningstar Inc.	68,054	+68,054	$20,986
MORN	68,054	+68,054	$20,986
Toro Co.	225,773	+225,773	$20,688
TTC	225,773	+225,773	$20,688
iShares iBonds Dec 2026 Term C (IBDR)	845,491	+845,491	$20,165
IBDR	845,491	+845,491	$20,165
Becton Dickinson and Co.	79,799	+79,799	$19,746
BDX	79,799	+79,799	$19,746
iShares iBonds Dec 2026 Term T (IBTG)	867,969	+867,969	$19,712
IBTG	867,969	+867,969	$19,712
Air Products and Chemicals Inc	80,409	+80,409	$19,481
APD	80,409	+80,409	$19,481
New Jersey Resources Corp.	450,647	+450,647	$19,337
NJR	450,647	+450,647	$19,337
Clarivate plc	2,475,002	+2,475,002	$18,389
CLVT	2,475,002	+2,475,002	$18,389
iShares MBS ETF (MBB)	197,700	+197,700	$18,271
MBB	197,700	+197,700	$18,271
Medtronic plc	209,001	+209,001	$18,214
MDT	209,001	+209,001	$18,214
American Water Works Co. Inc.	143,108	+143,108	$17,489
AWK	143,108	+143,108	$17,489
SPDR Portfolio S&P 500 Value E (SPYV)	343,760	+343,760	$17,222
SPYV	343,760	+343,760	$17,222
Dollar Tree Inc.	129,032	+129,032	$17,181
DLTR	129,032	+129,032	$17,181
NIKE Inc.	174,300	+174,300	$16,381
NKE	174,300	+174,300	$16,381
SPDR S&P 500 ETF (SPY)	27,976	+27,976	$14,633
SPY	27,976	+27,976	$14,633
Azek Co. Inc.	274,672	+274,672	$13,794
AZEK	274,672	+274,672	$13,794
Spectrum Brands Holdings Inc.	143,958	+143,958	$12,814
SPB	143,958	+143,958	$12,814
CarMax Inc.	146,324	+146,324	$12,746
KMX	146,324	+146,324	$12,746
Keurig Dr. Pepper Inc.	370,876	+370,876	$11,375
KDP	370,876	+370,876	$11,375
DuPont de Nemours Inc.	144,925	+144,925	$11,111
DD	144,925	+144,925	$11,111
Dimensional National Municipal	230,287	+230,287	$11,075
DFNM	230,287	+230,287	$11,075
Global X Uranium ETF (URA)	383,760	+383,760	$11,064
URA	383,760	+383,760	$11,064
iShares iBonds Dec 2028 Term T (IBTI)	448,617	+448,617	$9,840
IBTI	448,617	+448,617	$9,840
iShares iBonds Dec 2032 Term T (IBTM)	431,101	+431,101	$9,773
IBTM	431,101	+431,101	$9,773
SPDR Portfolio S&P 500 Growth (SPYG)	126,245	+126,245	$9,235
SPYG	126,245	+126,245	$9,235
J & J Snack Foods Corp.	61,630	+61,630	$8,909
JJSF	61,630	+61,630	$8,909
Powershares Insured National M (PZA)	361,255	+361,255	$8,609
PZA	361,255	+361,255	$8,609
iShares Barclays 10 20 Year Tr (TLH)	79,329	+79,329	$8,332
TLH	79,329	+79,329	$8,332
iShares iBonds Dec 2033 Term C (IBDY)	321,458	+321,458	$8,191
IBDY	321,458	+321,458	$8,191
SPDR Portfolio Intermediate Te (SPIB)	246,764	+246,764	$8,067
SPIB	246,764	+246,764	$8,067
iShares iBonds Dec 2030 Term T (IBTK)	408,958	+408,958	$7,942
IBTK	408,958	+408,958	$7,942
iShares iBonds Dec 2029 Term T (IBTJ)	366,684	+366,684	$7,884
IBTJ	366,684	+366,684	$7,884
Hercules Capital Inc.	376,673	+376,673	$6,950
HTGC	376,673	+376,673	$6,950
SPDR Nuveen S&P High Yield Mun (HYMB)	265,304	+265,304	$6,816
HYMB	265,304	+265,304	$6,816
Invesco BulletShares 2028 Muni (BSMS)	287,790	+287,790	$6,757
BSMS	287,790	+287,790	$6,757
Invesco BulletShares 2027 Muni (BSMR)	259,568	+259,568	$6,140
BSMR	259,568	+259,568	$6,140
Main Street Capital Corp.	129,143	+129,143	$6,110
MAIN	129,143	+129,143	$6,110
Invesco BulletShares 2031 Muni (BSMV)	285,757	+285,757	$6,089
BSMV	285,757	+285,757	$6,089
Blackstone Secured Lending Fun	188,309	+188,309	$5,866
BXSL	188,309	+188,309	$5,866
iShares 3 7 Year Treasury Bond (IEI)	48,858	+48,858	$5,658
IEI	48,858	+48,858	$5,658
Invesco BulletShares 2026 Muni (BSMQ)	235,096	+235,096	$5,540
BSMQ	235,096	+235,096	$5,540
Invesco BulletShares 2025 Muni (BSMP)	226,441	+226,441	$5,512
BSMP	226,441	+226,441	$5,512
Golub Capital BDC Inc.	331,284	+331,284	$5,509
GBDC	331,284	+331,284	$5,509
iShares 1 5 Year Investment Gr (IGSB)	103,124	+103,124	$5,288
IGSB	103,124	+103,124	$5,288
New Mountain Finance Corp.	414,282	+414,282	$5,249
NMFC	414,282	+414,282	$5,249
TripAdvisor Inc.	187,772	+187,772	$5,218
TRIP	187,772	+187,772	$5,218
Sixth Street Specialty Lending	243,228	+243,228	$5,212
TSLX	243,228	+243,228	$5,212
Stewart Information Services C	75,576	+75,576	$4,917
STC	75,576	+75,576	$4,917
iShares US Aerospace & Defense (ITA)	37,144	+37,144	$4,900
ITA	37,144	+37,144	$4,900
UFP Technologies Inc.	19,024	+19,024	$4,798
UFPT	19,024	+19,024	$4,798
Cavco Industries Inc.	11,726	+11,726	$4,679
CVCO	11,726	+11,726	$4,679
Barings BDC Inc.	501,683	+501,683	$4,666
BBDC	501,683	+501,683	$4,666
Kadant Inc.	14,085	+14,085	$4,621
KAI	14,085	+14,085	$4,621
RBC Bearings Inc.	16,479	+16,479	$4,455
RBC	16,479	+16,479	$4,455
PennantPark Investment Corp.	641,310	+641,310	$4,412
PNNT	641,310	+641,310	$4,412
BlackRock TCP Capital Corp.	399,998	+399,998	$4,172
TCPC	399,998	+399,998	$4,172
iShares iBonds Dec 2027 Term C (IBDS)	170,586	+170,586	$4,060
IBDS	170,586	+170,586	$4,060
Winnebago Industries Inc.	54,073	+54,073	$4,001
WGO	54,073	+54,073	$4,001
Sapiens International Corp NV	118,375	+118,375	$3,807
SPNS	118,375	+118,375	$3,807
iShares iBonds Dec 2025 Term C (IBDQ)	150,343	+150,343	$3,730
IBDQ	150,343	+150,343	$3,730
SPDR Energy Select Sector ETF (XLE)	39,024	+39,024	$3,684
XLE	39,024	+39,024	$3,684
Edgewell Personal Care Co.	93,400	+93,400	$3,609
EPC	93,400	+93,400	$3,609
Hayward Holdings Inc.	235,521	+235,521	$3,606
HAYW	235,521	+235,521	$3,606
BRP Group Inc.	124,121	+124,121	$3,592
BRP	124,121	+124,121	$3,592
SPDR Nuveen Barclays Capital S (SHM)	75,554	+75,554	$3,584
SHM	75,554	+75,554	$3,584
Ecovyst Inc.	321,122	+321,122	$3,581
ECVT	321,122	+321,122	$3,581
John B Sanfilippo & Son Inc.	33,554	+33,554	$3,554
JBSS	33,554	+33,554	$3,554
Invesco BulletShares 2024 Muni (BSMO)	142,489	+142,489	$3,531
BSMO	142,489	+142,489	$3,531
Hagerty Inc.	379,551	+379,551	$3,473
HGTY	379,551	+379,551	$3,473
i3 Verticals Inc.	151,202	+151,202	$3,461
IIIV	151,202	+151,202	$3,461
John Bean Technologies Corp.	32,281	+32,281	$3,386
JBT	32,281	+32,281	$3,386
Allient Inc.	93,781	+93,781	$3,346
ALNT	93,781	+93,781	$3,346
Movado Group Inc.	116,905	+116,905	$3,265
MOV	116,905	+116,905	$3,265
SPDR Portfolio Developed World (SPDW)	89,434	+89,434	$3,205
SPDW	89,434	+89,434	$3,205
SJW Group	56,588	+56,588	$3,202
SJW	56,588	+56,588	$3,202
Amplify Cyber Security ETF (HACK)	49,152	+49,152	$3,151
HACK	49,152	+49,152	$3,151
Blue Owl Capital Corp.	198,966	+198,966	$3,060
OBDC	198,966	+198,966	$3,060
MGP Ingredients Inc.	35,128	+35,128	$3,026
MGPI	35,128	+35,128	$3,026
Cannae Holdings Inc.	135,447	+135,447	$3,012
CNNE	135,447	+135,447	$3,012
Marten Transport Ltd.	161,692	+161,692	$2,988
MRTN	161,692	+161,692	$2,988
Invesco BulletShares 2029 Muni (BSMT)	125,525	+125,525	$2,917
BSMT	125,525	+125,525	$2,917
Perficient Inc.	51,267	+51,267	$2,886
PRFT	51,267	+51,267	$2,886
SLR Investment Corp.	183,802	+183,802	$2,821
SLRC	183,802	+183,802	$2,821
Franklin Street Properties Cor	1,231,656	+1,231,656	$2,796
FSP	1,231,656	+1,231,656	$2,796
Goldman Sachs BDC Inc.	185,987	+185,987	$2,786
GSBD	185,987	+185,987	$2,786
Annaly Capital Management Inc.	135,648	+135,648	$2,671
NLY	135,648	+135,648	$2,671
Core Laboratories N.V.	146,048	+146,048	$2,495
CLB	146,048	+146,048	$2,495
abrdn Physical Silver Shares E (SIVR)	100,782	+100,782	$2,400
SIVR	100,782	+100,782	$2,400
Capital Southwest Corp.	95,774	+95,774	$2,391
CSWC	95,774	+95,774	$2,391
American Outdoor Brands Inc.	262,902	+262,902	$2,314
AOUT	262,902	+262,902	$2,314
Healthcare Services Group Inc.	180,984	+180,984	$2,259
HCSG	180,984	+180,984	$2,259
iShares National Muni Bond ETF (MUB)	19,761	+19,761	$2,126
MUB	19,761	+19,761	$2,126
Franklin FTSE Japan ETF (FLJP)	64,144	+64,144	$1,990
FLJP	64,144	+64,144	$1,990
Nuveen Churchill Direct Lendin	103,017	+103,017	$1,860
NCDL	103,017	+103,017	$1,860
Bain Capital Specialty Finance	117,336	+117,336	$1,840
BCSF	117,336	+117,336	$1,840
iShares iBonds Dec 2026 Term M (IBMO)	69,218	+69,218	$1,755
IBMO	69,218	+69,218	$1,755
CyberArk Software Ltd.	5,544	+5,544	$1,473
CYBR	5,544	+5,544	$1,473
Blackstone Group LP	11,000	+11,000	$1,445
BX	11,000	+11,000	$1,445
Taiwan Semiconductor Manufactu	10,554	+10,554	$1,436
TSM	10,554	+10,554	$1,436
Novo Nordisk A.S.	10,844	+10,844	$1,392
NVO	10,844	+10,844	$1,392
ICON plc	3,851	+3,851	$1,294
ICLR	3,851	+3,851	$1,294
Rheinmetall AG	10,795	+10,795	$1,216
COM	10,795	+10,795	$1,216
Crescent Capital BDC Inc.	69,515	+69,515	$1,200
CCAP	69,515	+69,515	$1,200
Agnico Eagle Mines Ltd.	18,816	+18,816	$1,122
AEM	18,816	+18,816	$1,122
Portman Ridge Finance Corp.	58,604	+58,604	$1,112
PTMN	58,604	+58,604	$1,112
Accenture plc	3,144	+3,144	$1,090
ACN	3,144	+3,144	$1,090
AGNC Investment Corp.	106,958	+106,958	$1,059
AGNC	106,958	+106,958	$1,059
Rio Tinto plc	16,469	+16,469	$1,050
RIO	16,469	+16,469	$1,050
Shell plc	14,803	+14,803	$992
SHEL	14,803	+14,803	$992
AerCap Holdings N.V.	11,308	+11,308	$983
AER	11,308	+11,308	$983
OFS Capital Corp.	98,000	+98,000	$973
OFS	98,000	+98,000	$973
L&apos Oreal S.A.	10,154	+10,154	$963
COM	10,154	+10,154	$963
FS KKR Capital Corp.	50,454	+50,454	$962
FSK	50,454	+50,454	$962
Wal Mart de Mexico S.A.B. de C	23,366	+23,366	$951
COM	23,366	+23,366	$951
Zurich Insurance Group A.G.	17,462	+17,462	$947
COM	17,462	+17,462	$947
Mitsubishi UFJ Financial	92,156	+92,156	$943
MUFG	92,156	+92,156	$943
Cameco Corp.	21,704	+21,704	$940
CCJ	21,704	+21,704	$940
Willis Towers Watson plc	3,307	+3,307	$909
WTW	3,307	+3,307	$909
iShares iBonds Dec 2024 Term M (IBMM)	35,005	+35,005	$908
IBMM	35,005	+35,005	$908
SAP S.E.	4,569	+4,569	$891
SAP	4,569	+4,569	$891
Trinity Capital Inc.	56,893	+56,893	$835
TRIN	56,893	+56,893	$835
TotalEnergies S.E.	12,088	+12,088	$832
TTE	12,088	+12,088	$832
Palmer Square Capital BDC Inc.	50,000	+50,000	$814
PSBD	50,000	+50,000	$814
ING Groep N.V.	48,934	+48,934	$807
ING	48,934	+48,934	$807
Brookfield Asset Management	18,628	+18,628	$783
BAM	18,628	+18,628	$783
LVMH Moet Hennessy Louis Vuitt	4,319	+4,319	$782
COM	4,319	+4,319	$782
Southern Copper Corp.	7,342	+7,342	$782
SCCO	7,342	+7,342	$782
iShares iBonds Dec 2027 Term M (IBMP)	30,934	+30,934	$779
IBMP	30,934	+30,934	$779
DBS Group Holdings Ltd.	7,300	+7,300	$778
COM	7,300	+7,300	$778
iShares iBonds Dec 2025 Term M (IBMN)	29,090	+29,090	$770
IBMN	29,090	+29,090	$770
Sandoz Group	25,227	+25,227	$759
COM	25,227	+25,227	$759
Nintendo Co. Ltd.	54,961	+54,961	$747
NTDOY	54,961	+54,961	$747
DSV A.S.	9,147	+9,147	$743
COM	9,147	+9,147	$743
Chugai Pharms Co Ltd	38,730	+38,730	$741
COM	38,730	+38,730	$741
Oaktree Specialty Lending Corp	37,532	+37,532	$738
OCSL	37,532	+37,532	$738
Mitsui & Co. Ltd.	776	+776	$728
COM	776	+776	$728
ITOCHU Corp.	8,387	+8,387	$718
ITOCY	8,387	+8,387	$718
BNP Paribas S.A.	20,036	+20,036	$716
COM	20,036	+20,036	$716
Diamondback Energy Inc.	3,609	+3,609	$715
FANG	3,609	+3,609	$715
Sony Group Corp.	8,293	+8,293	$711
SONY	8,293	+8,293	$711
Shopify Inc.	9,058	+9,058	$699
SHOP	9,058	+9,058	$699
Haleon plc	82,071	+82,071	$697
HLN	82,071	+82,071	$697
Southwestern Energy Co.	87,087	+87,087	$660
SWN	87,087	+87,087	$660
ConocoPhillips	5,121	+5,121	$652
COP	5,121	+5,121	$652
SMC Corp.	22,294	+22,294	$628
COM	22,294	+22,294	$628
Chesapeake Energy Corp.	7,014	+7,014	$623
CHK	7,014	+7,014	$623
Antofagasta PLC ADR	23,775	+23,775	$607
COM	23,775	+23,775	$607
Pioneer Natural Resources Co.	2,195	+2,195	$576
PXD	2,195	+2,195	$576
Freeport McMoRan Inc.	12,118	+12,118	$570
FCX	12,118	+12,118	$570
Exxon Mobil Corp.	4,880	+4,880	$567
XOM	4,880	+4,880	$567
Seabridge Gold Inc.	37,377	+37,377	$565
SA	37,377	+37,377	$565
iShares Gold Trust ETF (IAU)	13,300	+13,300	$559
IAU	13,300	+13,300	$559
American Express Co.	2,405	+2,405	$548
AXP	2,405	+2,405	$548
Uranium Energy Corp.	80,504	+80,504	$543
UEC	80,504	+80,504	$543
Franco Nevada Corp.	4,512	+4,512	$538
FNV	4,512	+4,512	$538
Komatsu Ltd.	18,137	+18,137	$536
COM	18,137	+18,137	$536
Coterra Energy Inc.	19,185	+19,185	$535
CTRA	19,185	+19,185	$535
Wheaton Precious Metals Corp.	11,282	+11,282	$532
WPM	11,282	+11,282	$532
Hess Corp.	3,413	+3,413	$521
HES	3,413	+3,413	$521
Royal Gold Inc.	4,281	+4,281	$521
RGLD	4,281	+4,281	$521
Antero Resources Corp.	17,883	+17,883	$519
AR	17,883	+17,883	$519
MakeMyTrip Ltd.	7,060	+7,060	$502
MMYT	7,060	+7,060	$502
CAE Inc.	24,241	+24,241	$500
CAE	24,241	+24,241	$500
POSCO Holdings Inc.	6,235	+6,235	$489
PKX	6,235	+6,235	$489
Denison Mines Corp.	246,945	+246,945	$482
DNN	246,945	+246,945	$482
Woodside Energy Group Ltd.	23,939	+23,939	$478
WDS	23,939	+23,939	$478
Materion Corp.	3,513	+3,513	$463
MTRN	3,513	+3,513	$463
Alphabet Inc.	2,843	+2,843	$429
GOOGL	2,843	+2,843	$429
Vista Energy S.A.B. de C.V.	10,339	+10,339	$428
VIST	10,339	+10,339	$428
Glencore plc	38,401	+38,401	$420
COM	38,401	+38,401	$420
Barrick Gold Corp.	25,117	+25,117	$418
GOLD	25,117	+25,117	$418
BHP Billiton Ltd.	7,224	+7,224	$417
BHP	7,224	+7,224	$417
Bank of America Corp.	10,789	+10,789	$409
BAC	10,789	+10,789	$409
Fomento Economico Mexicano S.A	3,077	+3,077	$401
FMX	3,077	+3,077	$401
Roche Holding A.G.	12,463	+12,463	$398
RHHBY	12,463	+12,463	$398
Newmont Mining Corp.	10,050	+10,050	$360
NEM	10,050	+10,050	$360
Mosaic Co.	10,848	+10,848	$352
MOS	10,848	+10,848	$352
Alcoa Corp.	10,401	+10,401	$351
AA	10,401	+10,401	$351
MercadoLibre Inc.	229	+229	$346
MELI	229	+229	$346
Invesco BulletShares 2032 Munc (BSMW)	13,011	+13,011	$332
BSMW	13,011	+13,011	$332
Invesco Bulletshares 2033 Muni (BSSX)	12,404	+12,404	$325
BSSX	12,404	+12,404	$325
iShares iBonds Dec 2029 Term M (IBMR)	12,886	+12,886	$325
IBMR	12,886	+12,886	$325
Invesco BulletShares 2030 Muni (BSMU)	14,073	+14,073	$311
BSMU	14,073	+14,073	$311
Gold Fields Ltd.	19,531	+19,531	$310
GFI	19,531	+19,531	$310
iShares iBonds Dec 2028 Term M (IBMQ)	12,189	+12,189	$308
IBMQ	12,189	+12,189	$308
Grupo Financiero Banorte S.A.B	5,639	+5,639	$303
COM	5,639	+5,639	$303
Curtiss Wright Corp.	1,160	+1,160	$297
CW	1,160	+1,160	$297
KB Financial Group Inc.	5,515	+5,515	$287
KB	5,515	+5,515	$287
ICICI Bank Ltd.	10,793	+10,793	$285
IBN	10,793	+10,793	$285
Coca Cola Femsa SAB de CV	2,937	+2,937	$285
KOF	2,937	+2,937	$285
NVIDIA Corp.	308	+308	$279
NVDA	308	+308	$279
Kemper Corp.	4,470	+4,470	$277
KMPR	4,470	+4,470	$277
Dr Reddy&apos s Laboratories Ltd.	3,730	+3,730	$274
RDY	3,730	+3,730	$274
Sociedad Quimica y Minera de C	5,293	+5,293	$260
SQM	5,293	+5,293	$260
Localiza Rent a Car S.A.	22,473	+22,473	$256
COM	22,473	+22,473	$256
Shinhan Financial Group Co. Lt	6,908	+6,908	$245
SHG	6,908	+6,908	$245
Techtronic Industries Co. Ltd.	3,462	+3,462	$235
COM	3,462	+3,462	$235
Betterware de Mexico SAPI de C	11,170	+11,170	$223
BWMX	11,170	+11,170	$223
Controladora Vuela Cia de Avia	28,464	+28,464	$211
VLRS	28,464	+28,464	$211
Ameriprise Financial Inc.	480	+480	$210
AMP	480	+480	$210
Safran S.A.	3,661	+3,661	$207
COM	3,661	+3,661	$207
Tencent Holdings Ltd.	5,310	+5,310	$207
COM	5,310	+5,310	$207
Arcos Dorados Holdings Inc.	17,263	+17,263	$192
ARCO	17,263	+17,263	$192
Infosys Ltd.	10,541	+10,541	$189
INFY	10,541	+10,541	$189
Ecopetrol S.A.	15,362	+15,362	$182
EC	15,362	+15,362	$182
Sendas Distribuidora S.A.	11,598	+11,598	$171
ASAI	11,598	+11,598	$171
Vale S.A.	13,317	+13,317	$162
VALE	13,317	+13,317	$162
Pagseguro Digital Ltd.	10,440	+10,440	$149
PAGS	10,440	+10,440	$149
PT Astra International Tbk	22,744	+22,744	$149
COM	22,744	+22,744	$149
JBS S.A.	15,598	+15,598	$133
COM	15,598	+15,598	$133
Ping An Insurance Group Co. of	13,287	+13,287	$113
COM	13,287	+13,287	$113

See Summary: Confluence Investment Management LLC Top Holdings
See Details: Top 10 Stocks Held By Confluence Investment Management LLC

Entity	Shares/Amount Change	Position Value Change
Biggest New Positions
FAST	+2,533,823	+$195,459
PGR	+912,107	+$188,642
MSFT	+417,655	+$175,716
SNA	+585,549	+$173,451
LIN	+369,588	+$171,607
PEP	+949,904	+$166,243
CB	+640,344	+$165,932
LMT	+332,847	+$151,402
HD	+392,398	+$150,524
PAYX	+1,193,952	+$146,617

Entity	Shares/Amount Change	Position Value Change
Biggest Exited Positions
	UNCH	$UNCH

Confluence Investment Management LLC Info

Size ($ in 1000's)
At 03/31/2024: $7,436,059
At 12/31/2023: $0

Combined Holding Report Includes:
CONFLUENCE INVESTMENT MANAGEMENT LLC
First Trust Advisors LP

Confluence Investment Management LLC holdings changes, total fund size, and other information presented on HoldingsChannel.com was derived from Confluence Investment Management LLC 13F filings. Link to 13F filings: SEC filings

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