Confluence Wealth Management is an investment fund managing more than $216 million ran by Steven Cohen. There are currently 92 companies in Mr. Cohen’s portfolio. The largest investments include Ishares Tr and Vanguard Charlotte Fds, together worth $86.1 million.
As of 7th October 2020, Confluence Wealth Management’s top holding is 763,572 shares of Ishares Tr currently worth over $72.8 million and making up 33.7% of the portfolio value.
In addition, the fund holds 235,658 shares of Vanguard Charlotte Fds worth $13.3 million.
The third-largest holding is Spdr S&p Midcap 400 Etf Tr worth $12.4 million and the next is Flexshares Tr worth $11.5 million, with 236,984 shares owned.
Currently, Confluence Wealth Management's portfolio is worth at least $216 million. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
The Confluence Wealth Management office and employees reside in Portland, Oregon. According to the last 13-F report filed with the SEC, Steven Cohen serves as the Analyst at Confluence Wealth Management.
In the most recent 13F filing, Confluence Wealth Management revealed that it had opened a new position in
Ingersoll-rand Plc and bought 2,250 shares worth $299 thousand.
The investment fund also strengthened its position in Vanguard Charlotte Fds by buying
1,329 additional shares.
This makes their stake in Vanguard Charlotte Fds total 235,658 shares worth $13.3 million.
On the other hand, there are companies that Confluence Wealth Management is getting rid of from its portfolio.
Confluence Wealth Management closed its position in McCormick & Co on 7th February 2020.
It sold the previously owned 5,325 shares for $832 thousand.
Steven Cohen also disclosed a decreased stake in Ishares Tr by approximately 0.1%.
This leaves the value of the investment at $72.8 million and 763,572 shares.
The two most similar investment funds to Confluence Wealth Management are Kelman-lazarov and Crossvault Capital Management. They manage $216 million and $216 million respectively.
Confluence Wealth Management’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 6.5% of
the total portfolio value.
The fund focuses on investments in the United States as
65.2% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
59% of the total holdings value.
On the other hand, small-cap stocks make up only 3.3% of the portfolio.
The average market cap of the portfolio companies is close to $203 billion.
These positions were updated on February 7th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Ishares Tr |
0.76%
763,572
|
$72,808,000 | 33.70% |
| Vanguard Charlotte Fds |
0.57%
235,658
|
$13,334,000 | 6.17% |
| Spdr S&p Midcap 400 Etf Tr |
1.69%
33,025
|
$12,397,000 | 5.74% |
| Flexshares Tr |
4.58%
236,984
|
$11,489,000 | 5.32% |
| Spdr S&p 500 Etf Tr |
2.05%
27,462
|
$8,839,000 | 4.09% |
| Schwab Strategic Tr |
3.09%
285,301
|
$13,248,000 | 6.13% |
| Apple, Inc. |
12.28%
16,691
|
$4,901,000 | 2.27% |
| Us Bancorp Del |
1.28%
44,576
|
$2,643,000 | 1.22% |
| Vanguard Index Fds |
No change
14,442
|
$2,363,000 | 1.09% |
| JPMorgan Chase & Co. |
No change
14,730
|
$2,053,000 | 0.95% |
| Microsoft Corp. |
28.05%
12,785
|
$2,016,000 | 0.93% |
| Intuitive Surgical, Inc. |
0.32%
3,388
|
$2,003,000 | 0.93% |
| NIKE, Inc. |
4.55%
19,447
|
$1,970,000 | 0.91% |
| Alphabet Inc Cap Stk |
4.43%
1,461
|
$1,957,000 | 0.91% |
| Vanguard Intl Equity Index F |
7.30%
42,804
|
$1,904,000 | 0.88% |
| Facebook, Inc. |
0.85%
9,254
|
$1,899,000 | 0.88% |
| Thermo Fisher Scientific, Inc. |
1.48%
5,779
|
$1,877,000 | 0.87% |
| The Boeing Co. |
0.85%
5,700
|
$1,857,000 | 0.86% |
| Starbucks Corp. |
0.96%
20,677
|
$1,818,000 | 0.84% |
| NextEra Energy, Inc. |
1.29%
7,182
|
$1,739,000 | 0.80% |
| Intel Corp. |
25.49%
29,049
|
$1,739,000 | 0.80% |
| Costco Whsl Corp New |
2.04%
5,912
|
$1,738,000 | 0.80% |
| Intercontinental Exchange In |
No change
18,657
|
$1,727,000 | 0.80% |
| The Home Depot, Inc. |
0.10%
7,747
|
$1,692,000 | 0.78% |
| Amazon.com, Inc. |
5.05%
903
|
$1,669,000 | 0.77% |
| Fiserv, Inc. |
0.63%
13,366
|
$1,546,000 | 0.72% |
| Visa, Inc. |
1.44%
6,881
|
$1,293,000 | 0.60% |
| Berkshire Hathaway Inc. |
12.03%
5,586
|
$1,265,000 | 0.59% |
| Adobe, Inc. |
5.36%
3,830
|
$1,263,000 | 0.58% |
| Edwards Lifesciences Corp. |
1.16%
5,261
|
$1,227,000 | 0.57% |
| Sysco Corp. |
0.74%
14,082
|
$1,205,000 | 0.56% |
| Northrop Grumman Corp. |
0.49%
3,447
|
$1,186,000 | 0.55% |
| Valero Energy Corp. |
No change
12,333
|
$1,155,000 | 0.53% |
| American Tower Corp. |
0.37%
4,620
|
$1,062,000 | 0.49% |
| Roper Technologies, Inc. |
1.72%
2,899
|
$1,027,000 | 0.48% |
| Accenture Plc Ireland |
1.06%
4,869
|
$1,025,000 | 0.47% |
| Netflix, Inc. |
0.55%
3,085
|
$998,000 | 0.46% |
| UnitedHealth Group, Inc. |
0.52%
3,245
|
$954,000 | 0.44% |
| Mastercard, Inc. |
No change
3,184
|
$951,000 | 0.44% |
| Ross Stores, Inc. |
1.65%
8,020
|
$934,000 | 0.43% |
| Dollar Gen Corp New |
1.08%
5,839
|
$911,000 | 0.42% |
| Constellation Brands, Inc. |
1.59%
4,778
|
$907,000 | 0.42% |
| Extra Space Storage, Inc. |
5.95%
8,560
|
$904,000 | 0.42% |
| Lam Research Corp. |
1.53%
2,964
|
$867,000 | 0.40% |
| Marsh & McLennan Cos., Inc. |
9.44%
7,777
|
$866,000 | 0.40% |
| Citrix Sys Inc |
8.15%
7,655
|
$849,000 | 0.39% |
| Aon Plc Shs |
0.49%
4,029
|
$839,000 | 0.39% |
| McCormick & Co., Inc. |
Closed
5,325
|
$832,000 | |
| Vanguard Bd Index Fd Inc |
21.59%
10,297
|
$830,000 | 0.38% |
| Johnson & Johnson |
0.54%
5,547
|
$809,000 | 0.37% |
| BlackRock, Inc. |
0.13%
1,599
|
$804,000 | 0.37% |
| Procter & Gamble Co. |
34.28%
6,268
|
$783,000 | 0.36% |
| Royal Caribbean Group |
No change
5,487
|
$733,000 | 0.34% |
| Idexx Labs Inc |
1.38%
2,637
|
$689,000 | 0.32% |
| Honeywell International, Inc. |
No change
3,895
|
$689,000 | 0.32% |
| Biogen, Inc. |
6.35%
2,139
|
$635,000 | 0.29% |
| Eog Res Inc |
4.48%
7,480
|
$627,000 | 0.29% |
| S&P Global, Inc. |
1.50%
2,230
|
$609,000 | 0.28% |
| Pfizer Inc. |
4.36%
15,525
|
$608,000 | 0.28% |
| Intuit, Inc. |
8.23%
2,196
|
$575,000 | 0.27% |
| Lockheed Martin Corp. |
0.41%
1,475
|
$574,000 | 0.27% |
| Electronic Arts, Inc. |
2.11%
5,320
|
$572,000 | 0.26% |
| Pepsico Inc |
No change
4,013
|
$548,000 | 0.25% |
| Verizon Communications, Inc. |
No change
8,821
|
$542,000 | 0.25% |
| The Southern Co. |
No change
8,286
|
$528,000 | 0.24% |
| Cisco Sys Inc |
3.23%
10,650
|
$511,000 | 0.24% |
| Air Prods & Chems Inc |
No change
2,042
|
$480,000 | 0.22% |
| Lilly Eli & Co |
No change
3,654
|
$480,000 | 0.22% |
| The Clorox Co. |
12.52%
2,969
|
$456,000 | 0.21% |
| The Charles Schwab Corporati |
4.04%
9,452
|
$450,000 | 0.21% |
| Disney Walt Co |
No change
3,101
|
$449,000 | 0.21% |
| Waste Mgmt Inc Del |
2.79%
3,834
|
$437,000 | 0.20% |
| Dbx Etf Tr |
No change
12,084
|
$408,000 | 0.19% |
| MetLife, Inc. |
No change
7,863
|
$401,000 | 0.19% |
| CMS Energy Corp. |
2.41%
6,354
|
$399,000 | 0.18% |
| 3M Co. |
41.43%
2,219
|
$391,000 | 0.18% |
| Exxon Mobil Corp. |
30.02%
5,574
|
$389,000 | 0.18% |
| Vanguard World Fds |
No change
4,859
|
$371,000 | 0.17% |
| Scotts Miracle-Gro Co. |
No change
3,405
|
$362,000 | 0.17% |
| Avista Corp. |
No change
7,041
|
$339,000 | 0.16% |
| Wells Fargo Co New |
No change
6,250
|
$336,000 | 0.16% |
| Dominion Energy, Inc. |
No change
4,048
|
$335,000 | 0.16% |
| General Mls Inc |
1.64%
6,229
|
$334,000 | 0.15% |
| AT&T Inc. |
No change
8,423
|
$329,000 | 0.15% |
| Illumina, Inc. |
No change
948
|
$314,000 | 0.15% |
| Hasbro, Inc. |
2.68%
2,940
|
$310,000 | 0.14% |
| Ingersoll-rand Plc |
Opened
2,250
|
$299,000 | 0.14% |
| Archer-Daniels-Midland Co. |
No change
6,230
|
$289,000 | 0.13% |
| Kimberly-Clark Corp. |
11.34%
1,915
|
$263,000 | 0.12% |
| Mcdonalds Corp |
Opened
1,172
|
$232,000 | 0.11% |
| Consolidated Edison, Inc. |
Closed
2,306
|
$218,000 | |
| The Coca-Cola Co. |
2.60%
3,932
|
$218,000 | 0.10% |
| Citigroup, Inc. |
Opened
2,637
|
$211,000 | 0.10% |
| Amgen, Inc. |
Opened
846
|
$204,000 | 0.09% |
| No transactions found | |||
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