CONFLUENCE INVESTMENT MANAGEMENT LLC
Q2 2024 Form 13-F

ST. LOUIS, MISSOURI
CIK 0001442056 · CRD 146019 · SEC-registered investment adviser
Holdings reported by PERSONAL CFO SOLUTIONS LLC since Q3 2025 , Brown Miller Wealth Management LLC since Q1 2025 , Cypress Capital LLC since Q1 2026 and 1 more
Consolidated report · includes 2 managers since Q2 2013
$6.9B Reported Value Total

CONFLUENCE INVESTMENT MANAGEMENT LLC reports 17,208 total accounts under management (AUM). There are 17,208 discretionary accounts valued at $7,200,932,108, 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
$6.9B
Quarter over quarter
-4.0%
Holdings
299
Top-10 concentration
21.8%

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
Q1 2024
Q3 2024
Go to latest

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

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Q2 2024 13F filing summary

Period of report June 30, 2024
Filed July 01, 2024
Form 13F-HR
Reported value $6.9B
Positions 299
Change in reported value -6.8%
New positions 12
Exited positions 9
Position turnover 6.8%
Top-10 concentration 21.8%

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 · Q2 2024

# Holding Reported value % of portfolio
1 PGR Progressive Corp. $194.6M 2.81%
2 CB Chubb Ltd. $153.6M 2.22%
3 ADI Analog Devices Inc. $151.3M 2.18%
4 PEP PepsiCo Inc. $150.9M 2.18%
5 LIN Linde plc $150.5M 2.17%
6 LMT Lockheed Martin Corp. $149.0M 2.15%
7 SNA Snap-on Inc. $144.5M 2.09%
8 MSFT Microsoft Corp. $144.1M 2.08%
9 SGOV iShares 0-3 Month Treasury Bon $135.9M 1.96%
10 PAYX Paychex Inc. $134.7M 1.94%
11 CL Colgate-Palmolive Co. $133.8M 1.93%
12 SO Southern Co. $132.3M 1.91%
13 HSY Hershey Co. $132.0M 1.9%
14 HD Home Depot Inc. $129.2M 1.87%
15 BR Broadridge Financial Solutions $128.6M 1.86%
16 WEC WEC Energy Group Inc. $120.3M 1.74%
17 CLX Clorox Co. $120.3M 1.74%
18 FNT Fidelity National Financial In $118.1M 1.7%
19 CVX Chevron Corp. $117.8M 1.7%
20 DEO Diageo plc $117.5M 1.7%

Values as reported on the Q2 2024 Form 13F. Every position is in the holdings table below.

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