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Confluence Investment Management LLC
Mark Keller · Investment Advisor · Value
Confluence Investment Management LLC is an independent, employee-owned investment firm headquartered in St. Louis, Missouri. Formed in late 2007 by a team of experienced professionals formerly with A.G. Edwards & Sons and Gallatin Asset Management, the firm officially launched in 2008. It provides professional portfolio management and advisory services to both institutional and individual clients, specializing in value equities, multi-asset allocation, and fixed income solutions. The firm is recognized for its research-intensive approach and its expansion into international and global equity markets following the acquisition of Gratry & Company in 2018. With a disciplined focus on risk management and fundamental research, Confluence manages several billion dollars in assets across diverse investment vehicles, including separately managed accounts and sub-advised funds.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +8.7% |
| YTD return | +10.3% |
| Sharpe ratio | 3.98 |
| Win rate | 52% |
| AUM | $2.6B |
| Inception | Oct 1, 2025 |
| Updated | Sep 3, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $2.6B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.confluenceinvestment.com |
Current Holdings
Updated on Sep 3, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| SNA | Snap-On Inc | 6.3% | +10.5% |
| CB | Chubb Ltd | 6.1% | +21.1% |
| CVX | Chevron Corp | 5.8% | +32.7% |
| LMT | Lockheed Martin Corporation | 5.6% | +3.2% |
| FAST | Fastenal Company | 5.5% | +4.9% |
| LIN | Linde plc Ordinary Shares | 5.1% | +2.9% |
| SWK | Stanley Black & Decker Inc | 5.0% | +4.8% |
| CLX | The Clorox Company | 5.0% | -3.2% |
| MDLZ | Mondelez International Inc | 5.0% | +3.8% |
| WEC | WEC Energy Group Inc | 4.9% | -4.8% |
| NTRS | Northern Trust Corporation | 4.8% | +16.3% |
| PGR | Progressive Corp | 4.8% | -0.2% |
| ETR | Entergy Corporation | 4.8% | +13.9% |
| GILD | Gilead Sciences Inc | 4.7% | +15.8% |
| PAYX | Paychex Inc | 4.7% | +6.7% |
| SO | Southern Company | 4.7% | -5.1% |
| HSY | Hershey Co | 4.6% | -6.8% |
| CL | Colgate-Palmolive Company | 4.3% | +2.9% |
| USB | U.S. Bancorp | 4.2% | +1.8% |
| AWK | American Water Works | 4.2% | +1.9% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Aug 31, 2026 | SELL | USB | 4.3% → 4.2% |
| Aug 31, 2026 | SELL | NTRS | 4.8% → 4.8% |
| Aug 31, 2026 | SELL | SO | 4.8% → 4.7% |
| Aug 31, 2026 | BUY | CLX | 5.1% → 5.0% |
| Aug 31, 2026 | SELL | LMT | 6.0% → 5.6% |
Investment Style Analysis
Confluence Investment Management LLC is widely recognized for employing a Value strategy. As of Sep 3, 2026, the firm oversees approximately $2.6B in assets under management (AUM). The portfolio demonstrates a clear preference for the Utilities - Regulated Electric and Tools & Accessories sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Aug 31, Confluence Investment Management LLC made a significant move by reducing the position in USB. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
Confluence’s investment philosophy is rooted in independent, fundamental research that integrates a comprehensive evaluation of market cycles, macroeconomics, and geopolitical analysis with a value-driven, company-specific approach. The firm’s disciplined investment process combines top-down and bottom-up analytics to identify broad risks while capitalizing on specific opportunities. By prioritizing risk assessment at the start of the process, the team aims to position client portfolios to effectively achieve long-term income and growth objectives. This integrated methodology ensures a consistent discipline across their diverse array of equity, fixed income, and asset allocation strategies.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with Confluence Investment Management LLC.
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Frequently asked questions
How is the simulated portfolio for Confluence Investment Management LLC constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is Confluence Investment Management LLC's largest holding?
As of the latest filing, Confluence Investment Management LLC's top position is Snap-On Inc (SNA), representing 6.3% of the portfolio. This reflects a high-conviction bet by the institution.
What is Confluence Investment Management LLC's historical performance and risk profile?
Our simulation indicates a total return of +8.7% with a win rate of 52%. Notably, the portfolio maintains a Sharpe Ratio of 3.98, suggesting an exceptional level of risk-adjusted returns compared to the broader market.
What sectors does Confluence Investment Management LLC primarily invest in?
Confluence Investment Management LLC has a strong preference for the Utilities - Regulated Electric sector, which makes up 14.4% of their disclosed assets. The portfolio also has exposure to Tools & Accessories, indicating a specific thematic focus.
Is Confluence Investment Management LLC's portfolio concentrated or diversified?
Confluence Investment Management LLC runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 18.2% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has Confluence Investment Management LLC performed in 2026?
Our AI-simulated model portfolio for Confluence Investment Management LLC tracks a Year-to-Date (YTD) return of +10.3%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Mark Keller manage Confluence Investment Management LLC directly?
Yes, Mark Keller serves as the key portfolio manager for Confluence Investment Management LLC, overseeing the investment strategy and final capital allocation decisions.