Confluence Wealth Services, Inc.
Long book
$2.58B
Q1 2026
Positions
365
Top-10 weight
48%
concentration
Last quarter
+9.7%
SPY +14.8%
Turnover
6%
of book per quarter
Strategy in plain words
auto-generated from filingsConfluence Wealth Services, Inc. is a wealth-management firm allocating client money, running a $2.58B US long book across 365 positions.
The portfolio is moderately concentrated (top 10 ≈ 48% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: CAP GROUP DIVIDEND VALUE, VANGUARD DIVIDEND APPREC ETF, ISHARES RUSSELL 1000 GROWTH, JPMORGAN EQUITY PREMIUM INCO, VANGUARD INT HIGH DVD YLD IN.
Over the last 9 quarters its long book ran on average 0.5pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.7%
Q2 2024
+7.3%
Q3 2024
-1.1%
Q4 2024
-0.1%
Q1 2025
+8.5%
Q2 2025
+7.0%
Q3 2025
+3.4%
Q4 2025
-0.2%
Q1 2026
+9.7%
Sector allocation
Technology 32%
Financials 12%
Energy 11%
Consumer discretionary 10%
Industrials 9%
Healthcare 9%
Utilities 5%
Other 4%
Long book by quarter
What does Confluence Wealth own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 166.8K | $42.3M | 1.6% | -0.3% |
| XOM EXXON MOBIL CORP | Energy | 184.4K | $31.3M | 1.2% | +77.2% |
| MSFT MICROSOFT CORP | Technology | 64.3K | $23.8M | 0.9% | +9.4% |
| NVDA NVIDIA CORP | Technology | 118.6K | $20.7M | 0.8% | +14.6% |
| JPM JPMORGAN CHASE & CO | Financials | 49.0K | $14.4M | 0.6% | +6.0% |
| AVGO BROADCOM INC | Technology | 44.0K | $13.6M | 0.5% | +2.1% |
| GOOGL ALPHABET INC-CL A | Technology | 44.3K | $12.7M | 0.5% | +21.7% |
| WMT WALMART INC | Consumer discretionary | 87.8K | $10.9M | 0.4% | +21.6% |
| JNJ JOHNSON & JOHNSON | Healthcare | 42.1K | $10.3M | 0.4% | +8.7% |
| LLY ELI LILLY & CO | Healthcare | 11.0K | $10.1M | 0.4% | +11.2% |
| V VISA INC-CLASS A SHARES | Services media | 28.4K | $8.6M | 0.3% | +3.9% |
| GOOG ALPHABET INC-CL C | Technology | 28.7K | $8.2M | 0.3% | +1.2% |
| CVX CHEVRON CORP | Energy | 39.1K | $8.1M | 0.3% | -3.2% |
| CSCO CISCO SYSTEMS INC | Technology | 93.8K | $7.3M | 0.3% | +14.6% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 14.1K | $6.8M | 0.3% | +1.0% |
| AMZN AMAZON.COM INC | Consumer discretionary | 31.9K | $6.6M | 0.3% | +20.8% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 6.7K | $6.6M | 0.3% | +8.8% |
| MPC MARATHON PETROLEUM CORP | Energy | 26.2K | $6.4M | 0.2% | +3.9% |
| ABBV ABBVIE INC | Healthcare | 28.0K | $6.1M | 0.2% | +16.5% |
| PG PROCTER & GAMBLE CO/THE | Other | 41.0K | $5.9M | 0.2% | +28.1% |
| DE DEERE & CO | Industrials | 9.9K | $5.6M | 0.2% | +45.2% |
| MRK MERCK & CO. INC. | Healthcare | 44.2K | $5.3M | 0.2% | +2.3% |
| CB CHUBB LTD | Financials | 15.7K | $5.1M | 0.2% | +15.5% |
| HD HOME DEPOT INC | Consumer discretionary | 15.3K | $5.0M | 0.2% | +8.3% |
| CAT CATERPILLAR INC | Industrials | 6.9K | $4.9M | 0.2% | +13.5% |
| PEP PEPSICO INC | Consumer staples | 31.3K | $4.9M | 0.2% | +22.0% |
| COP CONOCOPHILLIPS | Energy | 35.3K | $4.7M | 0.2% | +4.3% |
| NEE NEXTERA ENERGY INC | Utilities | 48.7K | $4.5M | 0.2% | +19.9% |
| ORCL ORACLE CORP | Technology | 28.8K | $4.2M | 0.2% | +53.4% |
| ET ENERGY TRANSFER LP | Utilities | 218.2K | $4.2M | 0.2% | +0.8% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 16.3K | $3.9M | 0.2% | +5.0% |
| MCD MCDONALD'S CORP | Consumer discretionary | 12.4K | $3.9M | 0.1% | +20.7% |
| ETN EATON CORP PLC | Industrials | 10.6K | $3.8M | 0.1% | -2.0% |
| ABT ABBOTT LABORATORIES | Healthcare | 35.4K | $3.6M | 0.1% | +11.4% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 20.4K | $3.4M | 0.1% | +14.7% |
| UNP UNION PACIFIC CORP | Industrials | 13.6K | $3.3M | 0.1% | +28.7% |
| KLAC KLA CORP | Other | 2.2K | $3.2M | 0.1% | Held |
| MO ALTRIA GROUP INC | Consumer staples | 47.1K | $3.1M | 0.1% | -1.1% |
| PNC PNC FINANCIAL SERVICES GROUP | Financials | 14.4K | $3.0M | 0.1% | -39.7% |
| GE GENERAL ELECTRIC | Industrials | 10.0K | $2.8M | 0.1% | +18.9% |
| MCK MCKESSON CORP | Consumer discretionary | 3.1K | $2.6M | 0.1% | -2.7% |
| META META PLATFORMS INC-CLASS A | Technology | 4.6K | $2.6M | 0.1% | +3.5% |
| ADI ANALOG DEVICES INC | Technology | 7.9K | $2.5M | 0.1% | +38.2% |
| RTX RTX CORP | Industrials | 12.8K | $2.5M | 0.1% | +21.8% |
| WM WASTE MANAGEMENT INC | Utilities | 10.7K | $2.5M | 0.1% | +1.4% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 48.3K | $2.4M | 0.1% | +0.2% |
| MSI MOTOROLA SOLUTIONS INC | Technology | 5.4K | $2.4M | 0.1% | +2.9% |
| TPL TEXAS PACIFIC LAND CORP | Financials | 4.9K | $2.3M | 0.1% | +2.0% |
| AXP AMERICAN EXPRESS CO | Financials | 7.7K | $2.3M | 0.1% | +6.9% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 7, 2026 | 365 | $2.58B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 28, 2026 | 371 | $2.41B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 28, 2025 | 368 | $2.03B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 22, 2025 | 360 | $1.83B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 24, 2025 | 336 | $1.59B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 27, 2025 | 333 | $1.54B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 29, 2024 | 337 | $1.37B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 31, 2024 | 360 | $1.25B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 22, 2024 | 339 | $1.13B | canonical | SEC ↗ |