Confluence Investment Management LLC Q1 2023 vs. Q2 2023 13F Holdings Comparison

PepsiCo Inc. Holds Steady While Microsoft Corp. and Snap-on Inc. Show Growth

In the ever-changing world of investment management, it's crucial for firms to stay on top of the trends and make strategic decisions based on accurate data. One way that firms do this is through the Form 13F, a quarterly report that must be filed with the Securities and Exchange Commission (SEC) by institutional investment managers with at least $100 million in assets under management. These reports provide valuable insights into the holdings of these institutions, offering a glimpse into their investment strategies.

In this article, we will analyze the Q1 2023 vs. Q2 2023 13F Holdings Comparison for Confluence Investment Management LLC, a leading investment management firm. While we won't be directly referencing the data from the CSV file provided, we will explore the changes in holdings for some key companies and discuss their potential implications.

PepsiCo Inc., a multinational food and beverage company, maintained its position in Confluence Investment Management LLC's portfolio during this period. With holdings of over 990,000 shares in both Q1 and Q2 2023, the value of their stake remained relatively stable at around $184 million. This consistency suggests a confidence in PepsiCo's long-term prospects.

On the other hand, Microsoft Corp. experienced a slight decrease in Confluence's holdings, with their position dropping from approximately 539,000 shares in Q1 to 529,000 shares in Q2 2023. Despite this decrease, the value of their stake increased from $155 million to $180 million, indicating that Confluence sees potential in Microsoft's growth trajectory.

Snap-on Inc., a leading manufacturer of tools, also saw growth in their holdings within Confluence's portfolio. The number of shares held increased from around 648,000 in Q1 to 635,000 in Q2 2023. This growth aligns with an increase in the value of their stake from $160 million to $183 million, a significant rise of 14.5%.

Analog Devices Inc., a semiconductor company, experienced a slight decrease in their holdings within Confluence's portfolio, with the number of shares dropping from approximately 844,000 in Q1 to 830,000 in Q2 2023. This decline was mirrored in the value of their stake, which decreased from $166 million to $161 million. Despite this dip, it's important to note that these changes may be part of a broader investment strategy.

Fastenal Co., a provider of industrial and construction supplies, witnessed an increase in their holdings within Confluence's portfolio. The number of shares held rose from around 2.79 million in Q1 to 2.74 million in Q2 2023. This growth translated into an increase in the value of their stake, from $150 million to $161 million, marking a 7.4% rise.

These are just a few examples of the changes in holdings within Confluence Investment Management LLC's portfolio. The data indicates that the firm has made strategic adjustments to their investment strategy, reallocating capital based on their analysis of market conditions and company performance.

For individual investors and other market participants, analyzing 13F filings provides valuable insight into the activities of institutional investment managers. While the data we've discussed highlights specific examples, it's important to consider a wider range of factors when making investment decisions. Factors like market conditions, industry trends, and company fundamentals should all be taken into account to ensure a well-informed approach.

In conclusion, Confluence Investment Management LLC's Q1 2023 vs. Q2 2023 13F Holdings Comparison reveals dynamic changes in their portfolio. While some companies like PepsiCo Inc. maintained their position, others such as Microsoft Corp. and Snap-on Inc. experienced growth. These adjustments demonstrate the importance of adapting to the ever-evolving market landscape and making informed decisions based on thorough analysis and research.

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Always conduct your own research and consult with a professional financial advisor before making any investment decisions.