Confluence Investment Management LLC
Annual return '25
+26.1%
SPY '25
+17.7%
Alpha
+8.4ptsvs SPY
Invested
$6.4B
Holdings
251
Trades YTD
0
Performance · Fund vs SPY
Cumulative return · quarterly snapshotsCoverage 100%. 4 quarters of 2025 measured against SPY adj-close benchmark.
Top holdings · current snapshot
Source: 13F-HR01
$SGOV
iShares 0-3 Month Treasury Bon
Q4 2025: Exited (was 16.2k shares)
3.0%
02
$ADI
Analog Devices Inc.
Q1 2026: New position (830.8k shares)
2.9%
03
$LMT
Lockheed Martin Corp.
Q4 2025: Exited (was 2.0k shares)
2.8%
04
$CHV
Chevron Corp.
Q1 2026: New position (368.7k shares)
2.7%
05
$SNA
Snap-on Inc.
Q4 2025: Exited (was 3.4k shares)
2.7%
06
$HSY
Hershey Co.
Q1 2026: Sold 79.4% (330.0k → 67.9k shares)
2.5%
07
$WEC
WEC Energy Group Inc.
Q4 2025: Exited (was 9.9k shares)
2.5%
08
$ETR
Entergy Corp.
Q1 2026: Sold 6.9% (190.9k → 177.6k shares)
2.4%
09
$FAST
Fastenal Co.
Q4 2025: Exited (was 22.1k shares)
2.4%
10
$SO
Southern Co.
Q4 2025: Exited (was 10.8k shares)
2.4%
Recent trades · Last 90 days
No Form 4 / 13D / 13G trade events on file in the recent window. 13F filers report position snapshots quarterly rather than per-trade events, so this section is most useful for managers who also file Form 4 or 13D/G.
Convergence · Pattern Engine ships in v1.1
30-day windowIn development
Convergence participation lands with the Pattern Engine.
Once the Pattern Engine ships, this section will list every active convergence event this fund is named in — with the other named funds, the Congress members on the same name, and combined position size.
Source data: SEC EDGAR · 13F-HR filings · Performance through 2025-12-31 · Last refreshed 13:23 UTC.