# Confluence Wealth Management LLC

> Institutional holdings reported to the SEC as of Q3 2020 on Form 13F. CIK 1606810. Source: https://holderbook.com/funds/1606810-confluence-wealth-management-llc/

- Reported value: $204.2M
- Positions: 114
- Weight of the ten largest: 48.2%
- Filed: 2020-10-26

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $16.5M | 55,201 | 8.1% | 8 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $13.8M | 234,329 | 6.8% | 8 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $12.1M | 186,022 | 5.9% | 8 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $11.8M | 33,593 | 5.8% | 8 |
| FLEXSHARES TR | [QDF](https://holderbook.com/stocks/QDF/) | $10.3M | 226,604 | 5.0% | 8 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $8.3M | 28,038 | 4.1% | 8 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $7.7M | 137,052 | 3.8% | 8 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $6.4M | 155,789 | 3.1% | 8 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $6.2M | 89,554 | 3.1% | 8 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $5.3M | 34,762 | 2.6% | 8 |
| ISHARES TR | [GVI](https://holderbook.com/stocks/GVI/) | $4.3M | 38,138 | 2.1% | 8 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $4.3M | 19,028 | 2.1% | 8 |
| SCHWAB STRATEGIC TR | [SCHE](https://holderbook.com/stocks/SCHE/) | $3.9M | 153,325 | 1.9% | 8 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $2.8M | 17,571 | 1.4% | 8 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $2.5M | 45,156 | 1.2% | 8 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.5M | 17,769 | 1.2% | 8 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $2.5M | 14,997 | 1.2% | 8 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $2.2M | 14,442 | 1.1% | 8 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $2.1M | 5,652 | 1.1% | 8 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $1.9M | 46,175 | 0.9% | 8 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $1.8M | 20,877 | 0.9% | 8 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $1.8M | 3,399 | 0.9% | 8 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.8M | 7,755 | 0.9% | 8 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $1.7M | 18,601 | 0.9% | 8 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.7M | 14,730 | 0.8% | 8 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $1.7M | 18,657 | 0.8% | 8 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $1.7M | 5,866 | 0.8% | 8 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.7M | 1,399 | 0.8% | 8 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $1.7M | 7,276 | 0.8% | 8 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $1.7M | 5,794 | 0.8% | 8 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.7M | 951 | 0.8% | 8 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.6M | 9,176 | 0.8% | 8 |
| ISHARES TR | [SUB](https://holderbook.com/stocks/SUB/) | $1.5M | 14,129 | 0.7% | 8 |
| ISHARES TR | [IJJ](https://holderbook.com/stocks/IJJ/) | $1.5M | 9,230 | 0.7% | 1 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $1.5M | 12,862 | 0.7% | 8 |
| FISERV INC | [FISV](https://holderbook.com/stocks/FISV/) | $1.4M | 13,451 | 0.7% | 8 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.3M | 6,350 | 0.6% | 8 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $1.3M | 3,464 | 0.6% | 8 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $1.2M | 9,657 | 0.6% | 8 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $1.2M | 23,149 | 0.6% | 8 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $1.2M | 10,449 | 0.6% | 8 |
| EDWARDS LIFESCIENCES CORP | [EW](https://holderbook.com/stocks/EW/) | $1.2M | 5,323 | 0.6% | 8 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $1.2M | 6,783 | 0.6% | 8 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $1.1M | 13,978 | 0.5% | 8 |
| ISHARES TR | [HEFA](https://holderbook.com/stocks/HEFA/) | $1.1M | 36,958 | 0.5% | 1 |
| EXTRA SPACE STORAGE INC | [EXR](https://holderbook.com/stocks/EXR/) | $1.1M | 9,102 | 0.5% | 1 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $1.1M | 13,132 | 0.5% | 8 |
| VALERO ENERGY CORP | [VLO](https://holderbook.com/stocks/VLO/) | $1.1M | 12,333 | 0.5% | 2 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $1.0M | 4,637 | 0.5% | 8 |
| ROPER TECHNOLOGIES INC | [ROP](https://holderbook.com/stocks/ROP/) | $1.0M | 2,850 | 0.5% | 8 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $1.0M | 3,635 | 0.5% | 8 |
| CONSTELLATION BRANDS INC | [STZ](https://holderbook.com/stocks/STZ/) | $975.0K | 4,703 | 0.5% | 8 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $947.0K | 4,921 | 0.5% | 8 |
| DOLLAR GEN CORP | [DG](https://holderbook.com/stocks/DG/) | $938.0K | 5,903 | 0.5% | 8 |
| ISHARES TR | [EFV](https://holderbook.com/stocks/EFV/) | $923.0K | 19,480 | 0.5% | 8 |
| ROSS STORES INC | [ROST](https://holderbook.com/stocks/ROST/) | $867.0K | 7,890 | 0.4% | 8 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $865.0K | 3,184 | 0.4% | 8 |
| MARSH & MCLENNAN COS INC | [MRSH](https://holderbook.com/stocks/MRSH/) | $859.0K | 8,588 | 0.4% | 1 |
| MCCORMICK & CO INC | [MKC](https://holderbook.com/stocks/MKC/) | $832.0K | 5,325 | 0.4% | 1 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $821.0K | 3,068 | 0.4% | 8 |
| CITRIX SYS INC | [CTXS](https://holderbook.com/stocks/CTXS/) | $804.0K | 8,334 | 0.4% | 1 |
| AON PLC | [AONXXXX](https://holderbook.com/stocks/AONXXXX/) | $784.0K | 4,049 | 0.4% | 1 |
| SCHWAB STRATEGIC TR | [SCHO](https://holderbook.com/stocks/SCHO/) | $751.0K | 14,851 | 0.4% | 8 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $722.0K | 5,577 | 0.4% | 8 |
| BLACKROCK INC | [BLKXXXX](https://holderbook.com/stocks/BLKXXXX/) | $712.0K | 1,597 | 0.3% | 8 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $709.0K | 3,262 | 0.3% | 8 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $708.0K | 5,945 | 0.3% | 8 |
| IDEXX LABS INC | [IDXX](https://holderbook.com/stocks/IDXX/) | $707.0K | 2,601 | 0.3% | 8 |
| LAM RESEARCH CORP | [LRCXXXXX](https://holderbook.com/stocks/LRCXXXXX/) | $696.0K | 3,010 | 0.3% | 8 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $659.0K | 3,895 | 0.3% | 8 |
| ROYAL CARIBBEAN GROUP | [RCL](https://holderbook.com/stocks/RCL/) | $594.0K | 5,487 | 0.3% | 1 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $583.0K | 16,232 | 0.3% | 8 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $581.0K | 7,831 | 0.3% | 1 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $581.0K | 4,668 | 0.3% | 8 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $578.0K | 1,481 | 0.3% | 8 |
| SCHWAB STRATEGIC TR | [SCHM](https://holderbook.com/stocks/SCHM/) | $566.0K | 10,012 | 0.3% | 8 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $550.0K | 4,013 | 0.3% | 8 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $544.0K | 11,005 | 0.3% | 8 |
| ISHARES TR | [IWN](https://holderbook.com/stocks/IWN/) | $544.0K | 4,555 | 0.3% | 1 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $540.0K | 2,029 | 0.3% | 8 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $538.0K | 2,197 | 0.3% | 8 |
| BIOGEN INC | [BIIB](https://holderbook.com/stocks/BIIB/) | $532.0K | 2,284 | 0.3% | 8 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $532.0K | 8,821 | 0.3% | 8 |
| CLOROX CO DEL | [CLX](https://holderbook.com/stocks/CLX/) | $515.0K | 3,394 | 0.3% | 1 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $512.0K | 8,286 | 0.3% | 8 |
| ELECTRONIC ARTS INC | [EA](https://holderbook.com/stocks/EA/) | $510.0K | 5,210 | 0.2% | 8 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $454.0K | 3,944 | 0.2% | 8 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $453.0K | 2,042 | 0.2% | 8 |
| CMS ENERGY CORP | [CMS](https://holderbook.com/stocks/CMS/) | $416.0K | 6,511 | 0.2% | 8 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $412.0K | 9,850 | 0.2% | 1 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $409.0K | 3,654 | 0.2% | 8 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $404.0K | 3,101 | 0.2% | 8 |
| DBX ETF TR | [DBEF](https://holderbook.com/stocks/DBEF/) | $391.0K | 12,084 | 0.2% | 1 |
| METLIFE INC | [MET](https://holderbook.com/stocks/MET/) | $371.0K | 7,863 | 0.2% | 1 |
| HASBRO INC | [HAS](https://holderbook.com/stocks/HAS/) | $359.0K | 3,021 | 0.2% | 1 |
| GENERAL MILLS INC | [GIS](https://holderbook.com/stocks/GIS/) | $349.0K | 6,333 | 0.2% | 7 |
| SCOTTS MIRACLE-GRO CO | [SMG](https://holderbook.com/stocks/SMG/) | $347.0K | 3,405 | 0.2% | 7 |
| AVISTA CORP | [AVA](https://holderbook.com/stocks/AVA/) | $341.0K | 7,041 | 0.2% | 8 |
| VANGUARD WORLD FD | [VFH](https://holderbook.com/stocks/VFH/) | $340.0K | 4,859 | 0.2% | 1 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $331.0K | 1,712 | 0.2% | 8 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2020 | +7.2% | +8.6% | -1.4% | 100% |
| Q2 2020 | +17.3% | +19.6% | -2.3% | 100% |
| Q1 2020 | -19.4% | -19.9% | +0.5% | 100% |
| Q4 2019 | +6.6% | +8.5% | -1.9% | 100% |
| Q3 2019 | +1.1% | +1.3% | -0.1% | 100% |
| Q2 2019 | +3.2% | +3.7% | -0.5% | 100% |
| Q1 2019 | +11.5% | +13.0% | -1.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2020 | $204.2M | 114 |
| Q2 2020 | $212.0M | 103 |
| Q1 2020 | $179.4M | 102 |
| Q4 2019 | $216.1M | 116 |
| Q3 2019 | $204.2M | 114 |
| Q2 2019 | $204.8M | 116 |
| Q1 2019 | $201.4M | 115 |
| Q4 2018 | $178.9M | 114 |