CONFLUENCE INVESTMENT MANAGEMENT LLC
Q3 2026 Form 13-F

ST. LOUIS, MISSOURI
CIK 0001442056 · CRD 146019 · SEC-registered investment adviser
Holdings reported by Cypress Capital LLC since Q1 2026 , PERSONAL CFO SOLUTIONS LLC since Q3 2025 , Brown Miller Wealth Management LLC since Q1 2025 and 1 more
Consolidated report · includes 2 managers since Q2 2013
$6.0B Reported Value Total

CONFLUENCE INVESTMENT MANAGEMENT LLC reports 14,862 total accounts under management (AUM). There are 14,862 discretionary accounts valued at $6,719,179,902, and 0 non-discretionary accounts.

Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
SEC Registered Discretionary Manager
Source: Form ADV filed 2026-03-25
Reported value
$6.0B
Quarter over quarter
-2.5%
Holdings
294
Top-10 concentration
22.5%

Reports holdings for

Holdings reported by

  • Optas LLC · Q2 2020 – Q1 2024 · declared by one filing
  • CIBC BANK USA · Q2 2016 – Q4 2019 · declared by one filing

Key People

Form ADV owners & control persons
Brian Neil Hansen
PRESIDENT / MEMBER
Mark Alan Keller
CHIEF EXECUTIVE OFFICER AND CHIEF INVESTMENT OFFICER / MEMBER
Patricia Annette Dahl
SVP AND CFO
Q2 2026

Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.

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Q3 2026 13F filing summary

Period of report September 30, 2026
Filed October 01, 2026
Form 13F-HR
Reported value $6.0B
Positions 294
Change in reported value -6.8%
New positions 22
Exited positions 18
Position turnover 12.8%
Top-10 concentration 22.5%

13F filings by quarter

Quarter Positions Value
Q3 2026 13F
Filed Oct 1, 2026
 294 $6.0B
Q2 2026 13F
Filed Jul 1, 2026
 290 $6.4B
Q1 2026 13F
Filed Apr 1, 2026
 283 $6.4B
Q4 2025 13F
Filed Jan 5, 2026
 296 $6.7B
Q3 2025 13F
Filed Oct 14, 2025
 294 $7.0B
Q2 2025 13F
Filed Jul 1, 2025
 287 $7.1B
Q1 2025 13F
Filed Apr 1, 2025
 294 $6.9B
Q4 2024 13F
Filed Jan 2, 2025
 299 $7.2B
Q3 2024 13F
Filed Oct 31, 2024
 298 $7.5B
Q2 2024 13F
Filed Jul 1, 2024
 299 $6.9B
Q1 2024 13F
Filed Apr 1, 2024
 296 $7.4B
Q4 2023 13F
Filed Nov 5, 2024
 294 $7.1B
Q3 2023 13F
Filed Oct 10, 2023
 290 $6.5B
Q2 2023 13F
Filed Jul 3, 2023
 298 $6.9B
Q1 2023 13F
Filed Apr 4, 2023
 301 $6.8B
Q4 2022 13F
Filed Jan 4, 2023
 305 $6.7B
Q3 2022 13F
Filed Oct 3, 2022
 298 $6.0B
Q2 2022 13F
Filed Jul 12, 2022
 310 $6.4B
Q1 2022 13F
Filed Apr 4, 2022
 310 $7.1B
Q4 2021 13F
Filed Jan 4, 2022
 306 $7.5B

34 earlier quarters on file — choose one from the quarter menu above.

Top 20 holdings · Q3 2026

# Holding Reported value % of portfolio
1 SGOV iShares 0-3 Month Treasury Bon $216.7M 3.63%
2 CVX Chevron Corp. $144.4M 2.42%
3 CB Chubb Ltd. $141.1M 2.37%
4 ZTS Zoetis Inc. $130.2M 2.18%
5 LMT Lockheed Martin Corp. $125.6M 2.1%
6 LIN Linde plc $122.6M 2.05%
7 GILD Gilead Sciences Inc. $117.9M 1.98%
8 SWK Stanley Black & Decker Inc. $115.4M 1.93%
9 WEC WEC Energy Group Inc. $115.0M 1.93%
10 MDLZ Mondelez International Inc. $113.7M 1.9%
11 ADI Analog Devices Inc. $112.0M 1.88%
12 PGR Progressive Corp. $111.4M 1.87%
13 ETR Entergy Corp. $110.6M 1.85%
14 SNA Snap-on Inc. $110.0M 1.84%
15 SO Southern Co. $109.0M 1.83%
16 NTRS Northern Trust Corp. $106.6M 1.79%
17 CL Colgate-Palmolive Co. $99.1M 1.66%
18 HSY Hershey Co. $98.5M 1.65%
19 KMI Kinder Morgan Inc. $98.4M 1.65%
20 WSO Watsco Inc. $97.0M 1.63%

Values as reported on the Q3 2026 Form 13F. Every position is in the holdings table below.

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