Confluence Investment Management's Q4 2022 and Q1 2023 Portfolio Changes: A Summary

Confluence Investment Management LLC Q4 2022 vs. Q1 2023 13F Holdings Comparison

Confluence Investment Management LLC has recently filed its Form 13F with the SEC, which reveals the company's holdings as of Q4 2022 and Q1 2023. The data is quite interesting, as it shows how the company's holdings have changed over the past few months. In this blog post, we will be summarizing the changes in holdings of this fund and what these changes could mean for investors.

First, let's take a look at the top holdings of the company as of Q1 2023. The top holding is PepsiCo, Inc., with 1014649 shares valued at $184,970, followed by Progressive Corp., Analog Devices Inc., and Snap-on Inc. The company's top 10 holdings also include Microsoft Corp., Linde plc, Home Depot Inc., and Chevron Corp. It's worth noting that the company added Linde plc to its portfolio in Q1 2023, with 429,058 shares worth $152,504.

The data from the Form 13F reveals some interesting changes in the company's portfolio. For instance, while the company reduced its holdings in some stocks, it increased its stake in others. For example, the company increased its holdings in Analog Devices Inc. by 19%, with 844,823 shares worth $166,615. The company also added 582,652 shares of the Pacer US Small Cap Cash Cows 1 ETF, currently valued at $22,175.

On the other hand, the company reduced its holdings in some large companies, such as U.S. Bancorp, Lowe's Cos. Inc., and Barclays 1-3 Year Treasury Bond ETF. The company's holdings in these companies decreased by 14.8%, 5.1%, and 40.4%, respectively.

One interesting aspect to note is that the company's holdings are heavily tilted towards the technology sector, with Microsoft Corp., Alphabet Inc., and Cisco Systems Inc. in its top 10 holdings. This could suggest that the company is bullish on the technology sector, which has been on an upward trend over the past few months.

Overall, the data from the Form 13F suggests that Confluence Investment Management LLC has made some strategic changes to its portfolio. While it has reduced its holdings in some companies, it has also increased its stake in others. The technology sector seems to be a focus, as the company holds a significant portion of its portfolio in technology stocks. This could indicate that the company is optimistic about the sector's performance in the coming months.

However, investors should keep in mind that the data from the Form 13F is only one facet of Confluence Investment Management LLC's investment strategy, and it's not a guarantee of future performance. It's essential to conduct proper due diligence before making any investment decisions and consulting with a financial advisor.

In conclusion, the data from the Form 13F reveals some interesting changes in Confluence Investment Management LLC's portfolio. The company has made strategic changes, adding some stocks to its portfolio and reducing holdings in others. The data could indicate that the company is optimistic about the technology sector, but investors should conduct proper due diligence and seek professional advice before making investment decisions.