CONFLUENCE INVESTMENT MANAGEMENT LLC
Reported holdings as of Q3 2026, from 32 quarterly filings.
Holdings
Download these holdings as CSV
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| ISHARES TR | SGOV | $216.7M | 2,152,535 | -0.75pp | 12q | -22.8%-$64.0M | |
| CHEVRON CORPORATION | CVX | $144.4M | 707,297 | +0.50pp | 32q | -4.8%-$7.3M | |
| CHUBB LIMITED | CB | $141.1M | 433,925 | -0.09pp | 32q | -5.8%-$8.7M | |
| ZOETIS INC | ZTS | $130.2M | 1,864,087 | +1.66pp | 7q | +300.5%+$97.7M | |
| LOCKHEED MARTIN CORP | LMT | $125.6M | 246,632 | +0.05pp | 32q | -4.6%-$6.1M | |
| LINDE PLC | LIN | $122.6M | 258,362 | -0.14pp | 15q | -4.6%-$5.9M | |
| GILEAD SCIENCES INC | GILD | $117.9M | 791,297 | +0.33pp | 32q | -5.0%-$6.2M | |
| STANLEY BLACK & DECKER INC | SWK | $115.4M | 1,302,499 | -0.05pp | 2q | -3.4%-$4.1M | |
| WEC ENERGY GROUP INC | WEC | $115.0M | 1,141,313 | -0.25pp | 15q | -4.2%-$5.0M | |
| MONDELEZ INTL INC | MDLZ | $113.7M | 1,965,985 | +0.06pp | 6q | -3.8%-$4.5M | |
| ANALOG DEVICES INC | ADI | $112.0M | 282,267 | +0.06pp | 32q | -3.8%-$4.4M | |
| PROGRESSIVE CORP | PGR | $111.4M | 537,474 | -0.04pp | 32q | -3.6%-$4.1M | |
| ENTERGY CORP NEW | ETR | $110.6M | 1,114,210 | -0.22pp | 31q | -3.7%-$4.2M | |
| SNAP ON INC | SNA | $110.0M | 302,742 | -0.78pp | 27q | -27.4%-$41.6M | |
| SOUTHERN CO | SO | $109.0M | 1,315,100 | -0.22pp | 32q | -4.0%-$4.6M | |
| NORTHERN TR CORP | NTRS | $106.6M | 629,512 | -0.01pp | 32q | -4.7%-$5.2M | |
| COLGATE PALMOLIVE CO | CL | $99.1M | 1,161,221 | -0.07pp | 32q | -4.0%-$4.1M | |
| HERSHEY CO | HSY | $98.5M | 624,895 | -0.17pp | 19q | -5.8%-$6.0M | |
| KINDER MORGAN INC DEL | KMI | $98.4M | 3,263,650 | -0.03pp | 32q | -3.1%-$3.2M | |
| WATSCO INC | WSO | $97.0M | 320,431 | - | new | NEW | |
| US BANCORP | USB | $97.0M | 1,678,810 | -0.01pp | 31q | -3.2%-$3.2M | |
| AMERICAN WTR WKS CO INC NEW | AWK | $96.5M | 745,410 | +0.01pp | 31q | -4.5%-$4.5M | |
| NIKE INC | NKE | $96.3M | 2,720,616 | +1.43pp | 32q | +873.8%+$86.4M | |
| CLOROX CO DEL | CLX | $94.8M | 1,170,417 | -0.27pp | 32q | -6.2%-$6.3M | |
| PRICE T ROWE GROUP INC | TROW | $93.1M | 894,846 | -0.10pp | 32q | -4.4%-$4.3M | |
| PAYCHEX INC | PAYX | $89.9M | 912,572 | +0.04pp | 32q | -4.2%-$3.9M | |
| CISCO SYS INC | CSCO | $88.3M | 820,548 | -0.06pp | 26q | -2.5%-$2.3M | |
| HOME DEPOT INC | HD | $85.3M | 299,681 | -0.29pp | 32q | -3.7%-$3.3M | |
| NORDSON CORP | NDSN | $83.8M | 255,613 | +0.08pp | 32q | -9.1%-$8.4M | |
| BROADRIDGE FINL SOLUTIONS IN | BR | $81.8M | 508,021 | +0.25pp | 32q | -2.9%-$2.5M | |
| PAYCOM SOFTWARE INC | PAYC | $72.0M | 330,788 | +0.47pp | 10q | -11.6%-$9.5M | |
| FIDELITY NATL FINL INC | FNF | $71.8M | 1,857,255 | -0.20pp | 32q | -2.7%-$2.0M | |
| SPDR INDEX SHS FDS | SPDW | $71.3M | 1,419,786 | +0.03pp | 6q | -4.2%-$3.2M | |
| MICROSOFT CORP | MSFT | $69.8M | 136,113 | +0.34pp | 32q | -4.7%-$3.5M | |
| SPDR SERIES TRUST | SPMB | $69.8M | 3,301,336 | -0.01pp | 16q | -2.1%-$1.5M | |
| MASTERCARD INCORPORATED | MA | $69.0M | 125,090 | +0.06pp | 32q | -8.4%-$6.3M | |
| HONEYWELL AEROSPACE INC | HONA | $66.1M | 426,663 | +0.28pp | 2q | +77.0%+$28.8M | |
| BERKLEY W R CORP | WRB | $63.9M | 946,290 | -0.07pp | 32q | -8.3%-$5.8M | |
| SPDR SERIES TRUST | SPYV | $62.9M | 1,029,031 | +0.06pp | 27q | -1.7%-$1.1M | |
| SPDR SERIES TRUST | SPYG | $62.9M | 510,696 | -0.01pp | 27q | -11.0%-$7.8M | |
| ARES CAPITAL CORP | ARCC | $62.6M | 3,275,333 | +0.07pp | 32q | -2.7%-$1.8M | |
| ACCENTURE PLC IRELAND | ACN | $61.0M | 332,607 | +0.36pp | 32q | -2.7%-$1.7M | |
| THERMO FISHER SCIENTIFIC INC | TMO | $57.9M | 85,793 | +0.24pp | 32q | -7.5%-$4.7M | |
| STRYKER CORPORATION | SYK | $54.0M | 196,130 | -0.14pp | 32q | -7.5%-$4.4M | |
| AIR PRODUCTS AND CHEMICALS I | APD | $52.4M | 188,435 | -0.05pp | 32q | -7.1%-$4.0M | |
| S&P GLOBAL INC | SPGI | $51.9M | 131,526 | -0.03pp | 19q | -7.1%-$4.0M | |
| TJX COS INC NEW | TJX | $49.4M | 373,592 | -0.13pp | 32q | -8.2%-$4.4M | |
| MASCO CORP | MAS | $47.7M | 707,047 | -0.18pp | 17q | -8.0%-$4.2M | |
| HONEYWELL INTL INC | HON | $47.0M | 222,870 | -0.05pp | 2q | -7.4%-$3.7M | |
| ILLINOIS TOOL WKS INC | ITW | $45.8M | 178,095 | -0.05pp | 32q | -7.7%-$3.8M | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $40.2M | 80,732 | flat | 32q | -6.7%-$2.9M | |
| CARRIER GLOBAL CORPORATION | CARR | $40.0M | 729,501 | +0.13pp | 6q | +54.3%+$14.1M | |
| ALPHABET INC | GOOG | $36.9M | 108,432 | -0.02pp | 32q | -6.1%-$2.4M | |
| NXP SEMICONDUCTORS N V | NXPI | $33.9M | 142,811 | -0.10pp | 32q | -5.7%-$2.0M | |
| LOWES COS INC | LOW | $33.5M | 181,855 | -0.10pp | 32q | -5.7%-$2.0M | |
| BOOKING HOLDINGS INC | BKNG | $29.7M | 182,278 | -0.04pp | 27q | -6.4%-$2.0M | |
| ARCH CAP GROUP LTD | ACGL | $29.1M | 315,201 | -0.02pp | 7q | -5.6%-$1.7M | |
| MORNINGSTAR INC | MORN | $28.4M | 149,383 | +0.07pp | 32q | -10.1%-$3.2M | |
| BROWN FORMAN CORP | BFB | $27.2M | 1,038,997 | -0.02pp | 9q | -9.8%-$3.0M | |
| GRACO INC | GGG | $27.1M | 352,592 | -0.19pp | 32q | -35.8%-$15.1M | |
| WORLD GOLD TR | GLDM | $27.0M | 329,014 | -0.20pp | 15q | -37.0%-$15.9M | |
| ISHARES TR | MBB | $26.0M | 290,234 | -0.01pp | 11q | -4.4%-$1.2M | |
| CHARLES RIV LABS INTL INC | CRL | $24.3M | 82,373 | +0.08pp | 14q | -10.1%-$2.7M | |
| ISHARES TR | IBTQ | $24.1M | 1,019,464 | -0.01pp | 5q | -2.4%-$592.7K | |
| MARTIN MARIETTA MATLS INC | MLM | $23.6M | 49,097 | -0.08pp | 12q | -6.0%-$1.5M | |
| EXPEDITORS INTL WASH INC | EXPD | $23.4M | 126,831 | +0.01pp | 32q | -14.5%-$4.0M | |
| ISHARES TR | IBTP | $22.5M | 938,069 | flat | 7q | -2.8%-$649.8K | |
| BROWN & BROWN INC | BRO | $21.4M | 351,677 | -0.03pp | 32q | -8.9%-$2.1M | |
| ECOLAB INC | ECL | $20.5M | 74,834 | -0.02pp | 14q | -10.5%-$2.4M | |
| ISHARES TR | IEUR | $20.3M | 275,800 | +0.07pp | 5q | +20.3%+$3.4M | |
| TORO CO | TTC | $20.1M | 208,521 | -0.02pp | 13q | -10.8%-$2.4M | |
| GENERAL DYNAMICS CORP | GD | $19.4M | 58,398 | -0.04pp | 32q | -11.5%-$2.5M | |
| DONALDSON INC | DCI | $19.2M | 220,992 | -0.02pp | 32q | -10.6%-$2.3M | |
| EOG RES INC | EOG | $18.9M | 137,056 | flat | 23q | -11.2%-$2.4M | |
| SPDR SERIES TRUST | SPTI | $18.9M | 692,007 | - | new | NEW | |
| RESMED INC | RMD | $18.7M | 84,518 | +0.03pp | 11q | -10.2%-$2.1M | |
| SPDR SERIES TRUST | SDY | $18.6M | 126,841 | flat | 6q | -4.1%-$798.9K | |
| SHERWIN WILLIAMS CO | SHW | $18.0M | 55,762 | -0.03pp | 16q | -10.4%-$2.1M | |
| AMPHENOL CORP | APH | $18.0M | 213,527 | -0.03pp | 17q | +79.5%+$8.0M | |
| RLI CORP | RLI | $17.6M | 317,546 | -0.04pp | 7q | -11.9%-$2.4M | |
| NEW JERSEY RES CORP | NJR | $17.5M | 346,554 | -0.05pp | 32q | -10.6%-$2.1M | |
| APTARGROUP INC | ATR | $17.5M | 144,239 | -0.02pp | 2q | -10.4%-$2.0M | |
| CONSTELLATION BRANDS INC | STZ | $17.2M | 151,797 | -0.06pp | 11q | -4.9%-$878.4K | |
| VERISK ANALYTICS INC | VRSK | $16.9M | 100,427 | - | new | NEW | |
| ISHARES TR | IBTL | $16.4M | 841,069 | -0.07pp | 7q | -23.4%-$5.0M | |
| ISHARES TR | IBTO | $16.2M | 705,787 | -0.10pp | 7q | -28.6%-$6.5M | |
| SMITH A O CORP | AOS | $16.0M | 284,138 | -0.04pp | 10q | -8.9%-$1.6M | |
| ISHARES TR | IBTM | $15.3M | 703,031 | flat | 14q | -4.5%-$713.3K | |
| PROCTER & GAMBLE CO | PG | $15.3M | 105,136 | -0.01pp | 32q | -10.0%-$1.7M | |
| MEDTRONIC PLC | MDT | $15.0M | 174,010 | +0.01pp | 32q | -10.9%-$1.8M | |
| SPDR SERIES TRUST | XAR | $14.6M | 63,282 | - | new | NEW | |
| BECTON DICKINSON & CO | BDX | $14.3M | 80,145 | +0.03pp | 32q | -10.9%-$1.7M | |
| DOLLAR TREE INC | DLTR | $14.2M | 124,357 | -0.02pp | 27q | -7.3%-$1.1M | |
| TREX INC | TREX | $13.9M | 319,424 | -0.04pp | 3q | -9.8%-$1.5M | |
| MCDONALDS CORP | MCD | $13.7M | 59,362 | -0.05pp | 32q | -9.9%-$1.5M | |
| SELECT SECTOR SPDR TR | XLE | $13.7M | 222,142 | +0.04pp | 2q | -3.7%-$524.7K | |
| AMERICAN CENTY ETF TR | AVDV | $13.1M | 119,821 | +0.02pp | 5q | -4.7%-$642.8K | |
| FLOOR & DECOR HLDGS INC | FND | $11.8M | 258,061 | +0.08pp | 2q | +96.5%+$5.8M | |
| COPART INC | CPRT | $11.5M | 422,532 | +0.06pp | 5q | +44.2%+$3.5M | |
| RYAN SPECIALTY HOLDINGS INC | RYAN | $11.5M | 311,140 | +0.08pp | 2q | +64.6%+$4.5M | |
| ISHARES TR | IWD | $11.5M | 46,185 | +0.15pp | 8q | +340.2%+$8.8M | |
| VANGUARD INTL EQUITY INDEX F | VPL | $11.4M | 98,069 | +0.08pp | 2q | +62.2%+$4.4M | |
| ISHARES TR | TLH | $11.3M | 122,517 | -0.34pp | 12q | -63.5%-$19.6M | |
| DISNEY WALT CO | DIS | $10.9M | 104,103 | +0.01pp | 7q | -7.9%-$935.5K | |
| VALVOLINE INC | VVV | $10.8M | 358,538 | -0.06pp | 8q | -9.5%-$1.1M | |
| VONTIER CORPORATION | VNT | $10.5M | 333,994 | +0.01pp | 24q | -8.6%-$992.9K | |
| Adyen NV ADR | ADYEY | $10.0M | 1,023,302 | - | new | NEW | |
| INVESCO EXCH TRADED FD TR II | XSHQ | $9.2M | 204,800 | - | new | NEW | |
| ISHARES INC | PICK | $8.9M | 148,265 | +0.01pp | 3q | -2.6%-$235.9K | |
| DIAGEO PLC | DEO | $8.6M | 100,892 | -0.83pp | 32q | -87.0%-$57.9M | |
| DIMENSIONAL ETF TRUST | DFNM | $8.3M | 181,363 | flat | 16q | -4.4%-$380.4K | |
| ISHARES TR | IBTJ | $6.7M | 314,762 | - | new | NEW | |
| STEVANATO GROUP S P A | STVN | $6.4M | 304,303 | +0.01pp | 2q | -9.3%-$654.4K | |
| ISHARES TR | MUB | $6.2M | 60,834 | +0.05pp | 11q | +102.1%+$3.1M | |
| STATE STR SPDR S&P 500 ETF T | SPY | $6.0M | 7,922 | flat | 32q | -11.2%-$762.6K | |
| PROSHARES TR | REGL | $6.0M | 68,996 | - | new | NEW | |
| ISHARES TR | IBTK | $5.9M | 310,328 | flat | 19q | -3.9%-$238.7K | |
| INVESCO EXCH TRD SLF IDX FD | BSMY | $5.6M | 248,144 | -0.02pp | 7q | -18.2%-$1.3M | |
| INVESCO EXCH TRD SLF IDX FD | BSMV | $5.6M | 280,194 | flat | 19q | -3.7%-$211.5K | |
| MAIN STR CAP CORP | MAIN | $5.3M | 96,050 | +0.01pp | 32q | +2.7%+$141.1K | |
| AGNICO EAGLE MINES LTD | AEM | $5.1M | 27,839 | +0.03pp | 19q | +22.5%+$936.0K | |
| INVESCO EXCH TRD SLF IDX FD | BSSX | $5.1M | 210,029 | flat | 11q | -4.7%-$249.7K | |
| ISHARES TR | IBTI | $5.0M | 227,903 | - | new | NEW | |
| HERCULES CAPITAL INC | HTGC | $4.8M | 283,759 | +0.01pp | 32q | +2.7%+$127.4K | |
| INVESCO EXCH TRD SLF IDX FD | BSMW | $4.5M | 190,633 | flat | 12q | -3.4%-$156.3K | |
| INVESCO EXCH TRD SLF IDX FD | BSMZ | $4.4M | 188,932 | -0.01pp | 3q | -8.4%-$407.7K | |
| VAIL RESORTS INC | MTN | $4.3M | 31,356 | flat | 5q | -8.0%-$374.0K | |
| GOLUB CAP BDC INC | GBDC | $4.2M | 335,237 | +0.01pp | 32q | +2.4%+$97.4K | |
| JBT MAREL CORPORATION | JBTM | $4.2M | 39,309 | -0.04pp | 32q | -21.3%-$1.1M | |
| INVESCO EXCH TRADED FD TR II | PZA | $3.9M | 184,114 | flat | 16q | -4.5%-$183.9K | |
| SIXTH STREET SPECIALTY LENDI | TSLX | $3.9M | 216,194 | +0.01pp | 26q | +2.0%+$76.4K | |
| ISHARES TR | HYBB | $3.8M | 84,963 | - | new | NEW | |
| BERKSHIRE HATHAWAY INC DEL | BRKA | $3.7M | 5 | flat | 32q | HELD | |
| CAVCO INDS INC DEL | CVCO | $3.6M | 6,451 | -0.01pp | 13q | -11.8%-$481.3K | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $3.6M | 7,883 | flat | 32q | +3.4%+$119.1K | |
| I3 VERTICALS INC | IIIV | $3.2M | 233,133 | -0.02pp | 32q | +1.1%+$36.0K | |
| BONDBLOXX ETF TRUST | XONE | $3.0M | 60,423 | flat | 2q | HELD | |
| CORE NATURAL RESOURCES INC | CNR | $3.0M | 34,461 | +0.02pp | 7q | +46.3%+$936.2K | |
| BLACKSTONE SECD LENDING FD | BXSL | $2.9M | 122,536 | -0.01pp | 20q | -16.4%-$577.2K | |
| TRIPADVISOR INC | TRIP | $2.9M | 345,369 | -0.03pp | 13q | -8.4%-$263.5K | |
| BLUE OWL CAPITAL CORPORATION | OBDC | $2.8M | 269,709 | flat | 7q | +2.4%+$67.0K | |
| BARINGS BDC INC | BBDC | $2.7M | 307,923 | flat | 32q | +0.5%+$14.3K | |
| ASML HLDG NV | ASML | $2.6M | 1,424 | flat | 7q | -1.0%-$27.2K | |
| WOODSIDE ENERGY GROUP LTD | WDS | $2.5M | 114,832 | +0.02pp | 3q | +27.2%+$544.3K | |
| SOUTHERN COPPER CORP | SCCO | $2.5M | 12,354 | +0.02pp | 24q | +27.7%+$543.5K | |
| MITSUBISHI UFJ FINANCIAL GRO | MUFG | $2.5M | 106,561 | +0.01pp | 13q | HELD | |
| CAPITAL SOUTHWEST CORP | CSWC | $2.4M | 104,570 | +0.01pp | 32q | +9.7%+$213.0K | |
| NEWMONT CORP | NEM | $2.4M | 20,399 | +0.02pp | 15q | +31.3%+$560.7K | |
| INVESCO EXCH TRD SLF IDX FD | BSMU | $2.3M | 111,842 | flat | 23q | -2.5%-$59.2K | |
| Anglo American PLC Sp ADR | NGLOY | $2.3M | 85,662 | +0.01pp | 5q | +29.8%+$528.2K | |
| DBS Group Holdings Ltd ADR | DBSDY | $2.3M | 9,421 | +0.01pp | 32q | +0.5%+$11.9K | |
| GLENCORE PLC UNSPONSORD ADR | GLNCY | $2.2M | 153,770 | +0.01pp | 24q | +28.3%+$496.8K | |
| SHELL PLC | SHEL | $2.2M | 23,425 | +0.02pp | 3q | +36.2%+$591.5K | |
| EXXONMOBIL HOLDINGS CORP COM SHS | XOM | $2.2M | 13,353 | - | new | NEW | |
| ISHARES TR | IBMR | $2.2M | 87,116 | flat | 13q | HELD | |
| BP PLC | BP | $2.1M | 48,532 | +0.02pp | 2q | +37.6%+$583.7K | |
| LUNDIN MINING CORP | LUNMF | $2.1M | 89,488 | +0.01pp | 4q | +28.3%+$470.7K | |
| INVESCO EXCH TRD SLF IDX FD | BSMT | $2.1M | 93,965 | flat | 3q | -2.6%-$54.8K | |
| CANADIAN NAT RES LTD MED TER | CNQ | $2.1M | 44,134 | +0.02pp | 3q | +38.0%+$572.4K | |
| WHEATON PRECIOUS METALS CORP | WPM | $2.1M | 15,488 | +0.02pp | 16q | +38.6%+$576.7K | |
| ROYAL GOLD INC | RGLD | $2.1M | 8,721 | +0.02pp | 32q | +41.5%+$603.9K | |
| FRANCO NEV CORP | FNV | $2.0M | 8,592 | +0.01pp | 32q | +39.3%+$577.4K | |
| SANDOZ GROUP AG | SDZNY | $2.0M | 24,102 | flat | 12q | -11.2%-$256.9K | |
| Mitsui & Co Ltd | MITSY | $2.0M | 3,260 | +0.01pp | 15q | +39.6%+$576.5K | |
| First Quantum Minerals Ltd. | FQVLF | $2.0M | 75,712 | +0.01pp | 5q | +29.5%+$460.5K | |
| ING GROEP N.V. | ING | $2.0M | 56,923 | +0.01pp | 19q | +0.6%+$11.9K | |
| OCCIDENTAL PETE CORP | OXY | $2.0M | 36,333 | +0.01pp | 2q | +36.8%+$540.4K | |
| TOURMALINE OIL CORP COM | TRMLF | $2.0M | 46,955 | +0.01pp | 2q | +38.2%+$554.7K | |
| NEW MTN FIN CORP | NMFC | $2.0M | 283,303 | flat | 32q | +2.1%+$39.4K | |
| CF INDUSTRIES HOLD | CF | $1.9M | 16,800 | +0.01pp | 2q | +38.7%+$539.7K | |
| DEVON ENERGY CORP NEW | DVN | $1.9M | 41,742 | +0.01pp | 2q | +44.3%+$590.0K | |
| AERCAP HOLDINGS NV | AER | $1.9M | 13,180 | flat | 13q | +0.5%+$9.8K | |
| THE BALDWIN INSURANCE GRP IN | BWIN | $1.9M | 58,631 | flat | 27q | -24.5%-$603.7K | |
| CENOVUS ENERGY INC | CVE | $1.9M | 59,854 | +0.01pp | 3q | -7.3%-$146.2K | |
| Techtronic Industries Co Ltd | TTNDY | $1.8M | 22,260 | flat | 9q | +0.6%+$11.6K | |
| VISTA ENERGY S.A.B. DE C.V. | VIST | $1.8M | 27,495 | flat | 17q | +0.8%+$14.7K | |
| ALAMOS GOLD INC | AGI | $1.8M | 55,378 | +0.01pp | 6q | +50.1%+$598.4K | |
| SELECT SECTOR SPDR TR | XLI | $1.7M | 10,280 | flat | 2q | -5.6%-$102.5K | |
| DISCO CORP-UNSPONSORED ADR | DSCSY | $1.7M | 45,391 | -0.01pp | 5q | +6.7%+$105.3K | |
| CAMECO CORP | CCJ | $1.7M | 19,149 | +0.01pp | 31q | +48.9%+$545.4K | |
| EQT CORP | EQT | $1.6M | 33,973 | +0.01pp | 4q | +49.4%+$545.3K | |
| Tokio Marine Holdings Inc | TKOMY | $1.6M | 30,977 | +0.01pp | 9q | +0.6%+$9.7K | |
| Safran SA | SAFRY | $1.6M | 17,464 | flat | 11q | +0.6%+$9.2K | |
| HAEMONETICS CORP MASS | HAE | $1.6M | 14,963 | flat | 7q | -23.1%-$473.0K | |
| VULCAN MATLS CO | VMC | $1.6M | 6,359 | +0.01pp | 6q | +51.6%+$529.6K | |
| Hong Kong Exchanges and Clearing Ltd | HKXCY | $1.5M | 31,059 | flat | 6q | +0.9%+$13.3K | |
| EXPAND ENERGY CORPORATION | EXE | $1.5M | 17,899 | +0.01pp | 20q | +56.8%+$545.5K | |
| NEW HOPE CORPORATION LIMITED SHS | $1.4M | 331,229 | +0.01pp | 2q | +43.7%+$440.8K | ||
| Itochu Corp | ITOCY | $1.4M | 103,854 | +0.01pp | 11q | +0.8%+$11.0K | |
| Zurich Insurance Group Ag | ZURVY | $1.4M | 41,918 | flat | 20q | +0.7%+$9.6K | |
| BAE Systems PLC | BAESY | $1.4M | 13,537 | flat | 10q | +0.9%+$12.1K | |
| Bnp Paribas Sa | BNPQY | $1.4M | 26,086 | flat | 20q | +0.8%+$11.6K | |
| NEBIUS GROUP N.V. | NBIS | $1.4M | 5,815 | +0.01pp | 6q | +134.9%+$787.8K | |
| HAGERTY INC | HGTY | $1.4M | 101,756 | flat | 16q | -22.9%-$407.8K | |
| Komatsu Ltd | KMTUY | $1.4M | 28,257 | +0.01pp | 32q | +0.9%+$12.7K | |
| STMICROELECTRONICS N V | STM | $1.3M | 24,998 | - | new | NEW | |
| SHOPIFY INC | SHOP | $1.3M | 8,904 | +0.01pp | 32q | +1.0%+$13.3K | |
| GATES INDL CORP LTD COM SHS | $1.3M | 50,090 | - | new | NEW | ||
| INVESCO EXCH TRD SLF IDX FD | BSMS | $1.3M | 57,530 | - | new | NEW | |
| LYNAS RARE EARTHS LTD SP ADR | LYSDY | $1.3M | 133,051 | flat | 5q | +32.1%+$310.1K | |
| OAKTREE SPECIALTY LENDING | OCSL | $1.3M | 105,951 | flat | 15q | HELD | |
| SONY GROUP CORP | SONY | $1.3M | 53,508 | flat | 32q | -8.5%-$116.5K | |
| SPECTRUM BRANDS HOLDINGS INC | SPB | $1.2M | 15,114 | -0.01pp | 17q | -21.1%-$322.1K | |
| LUNDIN GOLD INC F | LUGDF | $1.2M | 19,412 | +0.01pp | 6q | +50.7%+$399.9K | |
| SAP SE | SAP | $1.1M | 5,491 | +0.01pp | 32q | +1.3%+$14.4K | |
| L'Oreal Sa ADR | LRLCY | $1.1M | 13,321 | flat | 26q | +0.9%+$10.3K | |
| UFP TECHNOLOGIES INC | UFPT | $1.1M | 3,808 | flat | 13q | -21.5%-$309.6K | |
| Infineon Technologies AG | IFNNY | $1.1M | 16,651 | +0.01pp | 4q | +213.8%+$764.6K | |
| LunR Royalties Corp. | LNRCF | $1.1M | 82,078 | +0.01pp | 3q | +43.7%+$338.7K | |
| MIDCAP FINANCIAL INVSTMNT CO | MFIC | $1.1M | 126,539 | flat | 9q | +6.7%+$69.8K | |
| ROCHE HLDG AG FSPONSORED ADR 1 ADR RE 0.125 ORD SHS | RHHBY | $1.1M | 21,098 | flat | 26q | +0.8%+$9.0K | |
| BLUE OWL TECHNOLOGY FIN CORP | OTF | $1.0M | 105,688 | +0.01pp | 2q | +239.8%+$731.7K | |
| BAIN CAP SPECIALTY FIN INC | BCSF | $995.3K | 90,153 | flat | 13q | +2.9%+$27.9K | |
| RBC BEARINGS INC | RBC | $995.0K | 1,993 | -0.01pp | 32q | -21.9%-$279.1K | |
| KAYNE ANDERSON BDC INC | KBDC | $965.8K | 76,898 | flat | 10q | +2.8%+$26.1K | |
| UFP INDUSTRIES INC | UFPI | $960.0K | 12,432 | -0.01pp | 6q | -23.5%-$295.1K | |
| Chugai Pharmaceutical Co Ltd ADR | CHGCY | $945.7K | 48,325 | flat | 11q | +1.3%+$12.0K | |
| MORGAN STANLEY DIRECT LENDIN | MSDL | $938.9K | 68,882 | flat | 9q | +2.0%+$18.7K | |
| SEA LTD | SE | $936.6K | 9,620 | flat | 5q | +0.9%+$8.3K | |
| LITTELFUSE INC | LFUS | $926.3K | 2,186 | flat | 5q | -22.3%-$265.3K | |
| STEWART INFORMATION SVCS COR | STC | $910.1K | 18,308 | -0.01pp | 16q | -22.8%-$268.8K | |
| SPDR SERIES TRUST | SHM | $906.7K | 19,437 | flat | 11q | HELD | |
| MOVADO GROUP INC | MOV | $886.2K | 26,627 | -0.01pp | 32q | -22.0%-$250.5K | |
| CONMED CORP | CNMD | $871.5K | 18,851 | flat | 10q | -37.3%-$517.9K | |
| HAYWARD HLDGS INC | HAYW | $844.6K | 69,001 | -0.01pp | 17q | -21.9%-$236.6K | |
| Altus Group Ltd. | $841.1K | 27,063 | flat | 8q | -21.9%-$235.9K | ||
| CRH PLC | CRH | $838.7K | 10,129 | -0.01pp | 2q | -14.3%-$140.3K | |
| WAL-MART D | WMMVY | $826.8K | 32,488 | flat | 32q | +2.7%+$21.8K | |
| ISHARES TR | IBMQ | $797.1K | 31,705 | -0.01pp | 27q | -50.9%-$827.0K | |
| NUVEEN CHURCHILL DIRECT LEND | NCDL | $794.6K | 70,694 | flat | 11q | +2.6%+$20.1K | |
| ALIBABA GROUP HLDG LTD | BABA | $791.0K | 7,355 | flat | 9q | -11.6%-$103.6K | |
| ASE TECHNOLOGY HLDG CO LTD | ASX | $772.0K | 17,363 | flat | 7q | -15.3%-$138.9K | |
| SLR INVESTMENT CORP | SLRC | $751.5K | 64,841 | flat | 32q | +1.5%+$11.5K | |
| MARTEN TRANS LTD | MRTN | $750.4K | 58,083 | -0.01pp | 21q | -22.8%-$221.9K | |
| ESAB CORPORATION | ESAB | $745.6K | 11,318 | -0.01pp | 4q | -23.1%-$223.4K | |
| AMERICAN EXPRESS CO | AXP | $729.8K | 2,400 | flat | 32q | HELD | |
| SANFILIPPO JOHN B & SON INC | JBSS | $727.3K | 10,935 | -0.01pp | 13q | -22.8%-$215.2K | |
| ISHARES TR | IBMP | $694.6K | 27,520 | flat | 27q | -13.6%-$108.9K | |
| LVMH MOET HENNESSY LOU VUITTON ADR | LVMUY | $686.1K | 7,794 | flat | 32q | +1.4%+$9.2K | |
| NOVO-NORDISK A S | NVO | $667.2K | 17,599 | flat | 27q | +1.2%+$8.1K | |
| J & J SNACK FOODS CORP | JJSF | $658.4K | 8,612 | flat | 26q | -21.5%-$180.1K | |
| MSC INCOME FUND INC | MSIF | $650.8K | 55,294 | flat | 6q | +1.6%+$10.3K | |
| CURTISS WRIGHT CORP | CW | $630.8K | 1,160 | flat | 15q | HELD | |
| ISHARES INC | IEMG | $618.4K | 7,619 | - | new | NEW | |
| RHEINMETALL AG | RNMBY | $613.7K | 2,848 | flat | 12q | -8.5%-$56.7K | |
| KB FINL GROUP INC | KB | $612.6K | 4,977 | flat | 16q | HELD | |
| VANECK ETF TRUST | ITM | $589.1K | 13,388 | - | new | NEW | |
| GLADSTONE INVT CORP | GAIN | $579.2K | 37,128 | flat | 2q | HELD | |
| GOLD FIELDS LTD | GFI | $574.1K | 15,894 | flat | 26q | +0.9%+$5.4K | |
| BADGER METER INC | BMI | $511.5K | 4,140 | flat | 2q | -21.7%-$142.1K | |
| SPDR SERIES TRUST | HYMB | $501.4K | 21,363 | flat | 19q | +73.5%+$212.4K | |
| FRANKLIN ELEC INC | FELE | $500.6K | 5,221 | flat | 3q | -22.0%-$140.9K | |
| SHINHAN FINANCIAL GROUP CO L | SHG | $491.3K | 6,326 | flat | 11q | +0.6%+$2.8K | |
| FRANKLIN STR PPTYS CORP | FSP | $464.2K | 1,231,656 | flat | 32q | HELD | |
| ERO COPPER CORP | ERO | $428.0K | 11,621 | flat | 2q | +1.7%+$7.1K | |
| COCA-COLA FEMSA SAB DE CV | KOF | $413.8K | 3,830 | flat | 13q | +1.1%+$4.5K | |
| COPA HOLDINGS SA | CPA | $407.9K | 3,094 | flat | 5q | +40.5%+$117.6K | |
| 78392B206 | $404.6K | 2,197 | - | new | NEW | ||
| SILICON MOTION TECHNOLOGY CO | SIMO | $402.9K | 1,439 | - | new | NEW | |
| DBX ETF TR | RVNU | $369.3K | 15,848 | -0.02pp | 2q | -78.0%-$1.3M | |
| CRESCENT CAP BDC INC | CCAP | $363.3K | 39,579 | flat | 27q | +11.8%+$38.3K | |
| CREDICORP LTD | BAP | $362.0K | 953 | flat | 6q | +0.7%+$2.7K | |
| FOMENTO ECONOMICO MEXICANO S | FMX | $356.4K | 3,006 | flat | 24q | +0.9%+$3.2K | |
| Airbus Group Se | EADSY | $344.3K | 6,417 | flat | 5q | +1.1%+$3.8K | |
| ICICI BANK LIMITED | IBN | $338.0K | 12,267 | flat | 32q | +0.7%+$2.2K | |
| ISHARES INC | EWT | $333.2K | 2,951 | - | new | NEW | |
| ISHARES TR | IBMO | $332.2K | 12,956 | flat | 27q | HELD | |
| H WORLD GROUP LTD | HTHT | $298.2K | 6,968 | flat | 5q | +1.6%+$4.8K | |
| Grupo Financiero Banorte S A B | GBOOY | $296.7K | 5,649 | flat | 6q | +1.3%+$3.9K | |
| ISHARES INC | EWY | $294.1K | 1,609 | - | new | NEW | |
| UNILEVER PLC | UL | $281.2K | 4,631 | -0.01pp | 4q | -72.5%-$741.9K | |
| ZTO EXPRESS CAYMAN INC | ZTO | $273.7K | 14,094 | flat | 5q | +0.9%+$2.5K | |
| SPDR GOLD TR | GLD | $273.4K | 718 | flat | 7q | HELD | |
| NU HLDGS LTD | NU | $272.6K | 21,533 | flat | 2q | +0.7%+$1.9K | |
| TENCENT HLDGS LTD ADR | TCEHY | $266.9K | 4,922 | flat | 11q | +1.4%+$3.6K | |
| YUM CHINA HLDGS INC | YUMC | $266.3K | 6,480 | flat | 5q | +1.3%+$3.5K | |
| MERCADOLIBRE INC | MELI | $261.0K | 151 | flat | 17q | +1.3%+$3.5K | |
| ECOPETROL S A | EC | $259.0K | 15,719 | flat | 32q | +1.6%+$4.2K | |
| AMERIPRISE FINL INC | AMP | $236.3K | 480 | flat | 11q | HELD | |
| DR REDDYS LABS LTD | RDY | $230.6K | 18,274 | flat | 26q | +2.0%+$4.6K | |
| JBS N.V. | JBS | $221.8K | 19,649 | flat | 6q | +1.7%+$3.6K | |
| MAKEMYTRIP LIMITED MAURITIUS | MMYT | $220.9K | 4,680 | flat | 2q | HELD | |
| NVIDIA CORPORATION | NVDA | $220.8K | 967 | flat | 2q | -4.5%-$10.5K | |
| CONTROLADORA VUELA COMP DE A | VLRS | $212.1K | 32,386 | flat | 15q | +5.6%+$11.2K | |
| JPMORGAN CHASE & CO | JPM | $210.4K | 636 | flat | 8q | -2.6%-$5.6K | |
| VANECK ETF TRUST | MLN | $204.9K | 12,553 | -0.01pp | 8q | -75.8%-$641.5K | |
| BETTERWARE DE MEXC S A P I D | BWMX | $204.4K | 12,306 | flat | 3q | +1.7%+$3.5K | |
| VISA INC | V | $203.7K | 567 | - | new | NEW | |
| INFOSYS LTD | INFY | $200.1K | 18,601 | flat | 5q | +5.5%+$10.4K | |
| VALE S A | VALE | $193.7K | 14,448 | flat | 3q | +2.3%+$4.4K | |
| PALMER SQUARE CAPITAL BDC IN | PSBD | $172.9K | 17,481 | flat | 11q | -8.7%-$16.6K | |
| ARCOS DORADOS HLDGS INC | ARCO | $159.2K | 22,265 | flat | 11q | +2.1%+$3.3K | |
| PT Astra International Tbk | PTAIY | $147.1K | 28,777 | flat | 16q | +7.1%+$9.8K | |
| 192826105 | $18.7K | 18,686 | - | new | NEW |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Chemicals | $520.8M | 8.7% |
| Industrials | $519.1M | 8.7% |
| Insurance | $517.6M | 8.7% |
| Utilities | $431.1M | 7.2% |
| Business Services | $358.0M | 6.0% |
| Energy | $312.2M | 5.2% |
| Biotech & Pharma | $273.3M | 4.6% |
| Food, Drink & Tobacco | $267.6M | 4.5% |
| Retail & Consumer | $238.1M | 4.0% |
| Banks & Lending | $211.1M | 3.5% |
| Software & IT Services | $205.8M | 3.4% |
| Semiconductors & Electronics | $191.3M | 3.2% |
| Other sectors | $912.6M | 15.3% |
| Not classified | $1.0B | 16.9% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +2.9% | +14.8% | -11.9% | 100% |
| Q1 2026 | +1.8% | -4.6% | +6.4% | 100% |
| Q4 2025 | -1.9% | +2.4% | -4.3% | 100% |
| Q3 2025 | +3.0% | +7.8% | -4.8% | 100% |
| Q2 2025 | +0.9% | +10.5% | -9.6% | 100% |
| Q1 2025 | +1.0% | -4.6% | +5.5% | 100% |
| Q4 2024 | -3.0% | +2.1% | -5.1% | 100% |
| Q3 2024 | +9.6% | +5.4% | +4.2% | 100% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q3 2026 | $6.0B | 294 | 22 | 111 | 146 | 18 | 22.5% | 1 |
| Q2 2026 | $6.4B | 290 | 29 | 103 | 141 | 22 | 24.1% | 1 |
| Q1 2026 | $6.4B | 283 | 18 | 120 | 132 | 31 | 24.1% | 1 |
| Q4 2025 | $6.7B | 296 | 17 | 97 | 147 | 15 | 22.6% | 5 |
| Q3 2025 | $7.0B | 294 | 24 | 80 | 177 | 17 | 23.5% | 14 |
| Q2 2025 | $7.1B | 287 | 19 | 81 | 153 | 26 | 22.6% | 1 |
| Q1 2025 | $6.9B | 294 | 23 | 81 | 153 | 28 | 23.2% | 1 |
| Q4 2024 | $7.2B | 299 | 18 | 87 | 123 | 17 | 21.8% | 2 |
| Q3 2024 | $7.5B | 298 | 17 | 97 | 144 | 18 | 22.4% | 31 |
| Q2 2024 | $6.9B | 299 | 12 | 120 | 137 | 9 | 21.8% | 1 |
| Q1 2024 | $7.4B | 296 | 27 | 72 | 145 | 25 | 22.7% | 1 |
| Q4 2023 | $7.1B | 294 | 22 | 59 | 167 | 18 | 22.8% | 310 |
| Q3 2023 | $6.5B | 290 | 16 | 39 | 167 | 24 | 23.6% | 10 |
| Q2 2023 | $6.9B | 298 | 9 | 54 | 154 | 12 | 23.8% | 3 |
| Q1 2023 | $6.8B | 301 | 27 | 140 | 97 | 31 | 23.7% | 4 |
| Q4 2022 | $6.7B | 305 | 35 | 89 | 123 | 28 | 23.2% | 4 |
| Q3 2022 | $6.0B | 298 | 15 | 118 | 104 | 27 | 23.1% | 3 |
| Q2 2022 | $6.4B | 310 | 16 | 139 | 106 | 16 | 22.5% | 12 |
| Q1 2022 | $7.1B | 310 | 26 | 134 | 93 | 22 | 22.0% | 4 |
| Q4 2021 | $7.5B | 306 | 16 | 92 | 164 | 9 | 22.0% | 4 |
| Q3 2021 | $7.1B | 299 | 9 | 110 | 125 | 12 | 20.6% | 4 |
| Q2 2021 | $7.5B | 302 | 19 | 135 | 90 | 17 | 20.9% | 1 |
| Q1 2021 | $7.1B | 300 | 17 | 142 | 108 | 19 | 20.9% | 5 |
| Q4 2020 | $6.7B | 302 | 27 | 68 | 163 | 18 | 21.8% | 25 |
| Q3 2020 | $6.2B | 293 | 14 | 51 | 164 | 12 | 22.8% | 19 |
| Q2 2020 | $6.0B | 291 | 20 | 69 | 149 | 20 | 23.0% | 1 |
| Q1 2020 | $5.3B | 291 | 58 | 98 | 123 | 57 | 23.4% | 64 |
| Q4 2019 | $6.3B | 290 | 16 | 130 | 104 | 12 | 22.3% | 154 |
| Q3 2019 | $6.4B | 286 | 12 | 104 | 130 | 16 | 22.6% | 15 |
| Q2 2019 | $6.3B | 290 | 18 | 144 | 72 | 21 | 22.3% | 338 |
| Q1 2019 | $5.9B | 293 | 29 | 119 | 118 | 39 | 22.0% | 16 |
| Q4 2018 | $5.3B | 303 | 0 | 0 | 0 | 0 | 23.0% | 4 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.