Confluence Investment Management Llc Buys Tiffany, DuPont de Nemours Inc, Delta Air Lines Inc, Sells DuPont de Nemours Inc, Starbucks Corp, Schlumberger

• New Purchases: DD, CTVA, HCSG, HXGBY, WLTW, CSX, WFC,
• Added Positions: TIF, DAL, RMAX, IEF, IJJ, MMM, IJK, PII, DOW, WY, JWN, NTRS, UTX, GILD, CL, CVX, ITW, PPG, FNV, GD, PFE, XOM, NVS, KL, MTB, NDSN, NKE, NJR, EXPD, DCI, CFR, CBSH, TROW, SCHW, ARCC, SEIC, CLX, RYN, TLT, TJX, SPIB, SPY, ACN, ORCL, PG, PAGS, MINT, MDT, AVNS, BDX, BRK.B, AINV, FIS, GTES, AWK, AXP, GSBD, GOOG, HD, APD, IGIB, MBB, MCD, TSLX, AAGIY, SCM, MOV, AAPL, SNE, SUNS, WNS, SLRC, ADP, BBDC, RDS.A, VNQ, BLK, BP, GLD, PAHC, PFLT, PDCO, BSCL, BSCM, MAIN,
• Reduced Positions: SBUX, MA, SLB, FTDR, MLM, PGR, TFI, IJS, AGN, IJT, BKI, TPVG, CBM, BABA, CERN, EC, GSK, IAU, MUB, MKL, MORN, MSM, NMFC, PBPB, ROLL, IVW, IVE, SPB, TCPC, TMO, WRB, AMOT, APTV, BBD, BYDDY, CCJ, CNI, CHL, CBD, CEO, BAP, CYBR, DBSDY, DSDVY, ESLT, XNGSY, EOG, EQNR, FANUY, FMX, FWRD, FMS, GOOD, GBOOY, HDB, HTHT, IIIV, IBN, ICLR, XLI, IGLB, ITUB, JAZZ, JBT, JPM, KB, KMTUY, LMCNF, LZRFY, LVMUY, MAG, XLB, MLCO, MELI, MUFG, NILSY, TYPE, MTSC, NTDOY, NWN, OFS, PAAS, PYPL, PBR, RECN, RIO, RGLD, IVV, SAND, SAP, SA, SSDOY, SHOP, SJW, SNN, SMFG, TSM, XLK, TCEHY, TME, THR, TORXF, TOT, UL, UOVEY, V, WMMVY, WCN, YNDX, ZTO,
• Sold Out: 6D81, IUSV, ING, IX, TECK, LQD, TLH, XEC, PXD, SQM, CXO, MOS,

For the details of CONFLUENCE INVESTMENT MANAGEMENT LLC's stock buys and sells, go to https://www.gurufocus.com/guru/confluence+investment+management+llc/current-portfolio/portfolio

1. PepsiCo Inc (PEP) - 1,214,408 shares, 2.65% of the total portfolio. Shares added by 0.75%
2. NXP Semiconductors NV (NXPI) - 1,494,521 shares, 2.60% of the total portfolio. Shares reduced by 0.05%
3. Microsoft Corp (MSFT) - 1,109,089 shares, 2.46% of the total portfolio. Shares reduced by 0.94%
4. Diageo PLC (DEO) - 901,884 shares, 2.35% of the total portfolio. Shares reduced by 0.72%
5. Nestle SA (NSRGY) - 1,293,901 shares, 2.24% of the total portfolio. Shares reduced by 0.29%

Confluence Investment Management Llc initiated holding in DuPont de Nemours Inc. The purchase prices were between $63.96 and $75.82, with an estimated average price of $70.17. The stock is now traded at around $65.56. The impact to a portfolio due to this purchase was 0.45%. The holding were 392,924 shares as of .

Confluence Investment Management Llc initiated holding in Corteva Inc. The purchase prices were between $26.43 and $31.63, with an estimated average price of $28.92. The stock is now traded at around $26.70. The impact to a portfolio due to this purchase was 0.18%. The holding were 394,329 shares as of .

Confluence Investment Management Llc initiated holding in Healthcare Services Group Inc. The purchase prices were between $21.27 and $31.26, with an estimated average price of $25.27. The stock is now traded at around $24.41. The impact to a portfolio due to this purchase was 0.09%. The holding were 228,239 shares as of .

Confluence Investment Management Llc initiated holding in Hexagon AB. The purchase prices were between $43.55 and $56.22, with an estimated average price of $48.23. The stock is now traded at around $46.22. The impact to a portfolio due to this purchase was 0.07%. The holding were 94,782 shares as of .

Confluence Investment Management Llc initiated holding in Willis Towers Watson PLC. The purchase prices were between $188.71 and $199.36, with an estimated average price of $195.35. The stock is now traded at around $188.00. The impact to a portfolio due to this purchase was 0.02%. The holding were 6,688 shares as of .

Confluence Investment Management Llc initiated holding in CSX Corp. The purchase prices were between $64.41 and $79.55, with an estimated average price of $69.93. The stock is now traded at around $69.17. The impact to a portfolio due to this purchase was less than 0.01%. The holding were 3,000 shares as of .

Confluence Investment Management Llc added to a holding in Tiffany & Co by 63.00%. The purchase prices were between $80.57 and $98.28, with an estimated average price of $90.22. The stock is now traded at around $91.04. The impact to a portfolio due to this purchase was 0.58%. The holding were 1,012,697 shares as of .

Confluence Investment Management Llc added to a holding in Delta Air Lines Inc by 94.75%. The purchase prices were between $56.14 and $63.16, with an estimated average price of $59.21. The stock is now traded at around $53.64. The impact to a portfolio due to this purchase was 0.21%. The holding were 481,219 shares as of .

Confluence Investment Management Llc added to a holding in RE/MAX Holdings Inc by 252.32%. The purchase prices were between $24.98 and $32.44, with an estimated average price of $28.36. The stock is now traded at around $31.31. The impact to a portfolio due to this purchase was 0.19%. The holding were 501,435 shares as of .

Confluence Investment Management Llc added to a holding in iShares 7-10 Year Treasury Bond ETF by 34.37%. The purchase prices were between $108.39 and $114.08, with an estimated average price of $111.2. The stock is now traded at around $111.67. The impact to a portfolio due to this purchase was 0.17%. The holding were 369,892 shares as of .

Confluence Investment Management Llc added to a holding in iShares S&P Mid-Cap 400 Value ETF by 21.20%. The purchase prices were between $147.36 and $162.84, with an estimated average price of $156.75. The stock is now traded at around $158.58. The impact to a portfolio due to this purchase was 0.06%. The holding were 145,283 shares as of .

Confluence Investment Management Llc added to a holding in Franco-Nevada Corp by 355.26%. The purchase prices were between $83.42 and $100.94, with an estimated average price of $91.67. The stock is now traded at around $91.22. The impact to a portfolio due to this purchase was 0.02%. The holding were 16,107 shares as of .

Confluence Investment Management Llc sold out a holding in DuPont de Nemours Inc. The sale prices were between $57.27 and $66.9, with an estimated average price of $63.11.

Confluence Investment Management Llc sold out a holding in iShares Core U.S. Value ETF. The sale prices were between $53.97 and $58.29, with an estimated average price of $56.59.

Confluence Investment Management Llc sold out a holding in iShares 10-20 Year Treasury Bond ETF. The sale prices were between $141.05 and $152.94, with an estimated average price of $147.09.

Confluence Investment Management Llc sold out a holding in ORIX Corp. The sale prices were between $68.58 and $81.07, with an estimated average price of $74.95.

Confluence Investment Management Llc sold out a holding in Teck Resources Ltd. The sale prices were between $16.07 and $23.02, with an estimated average price of $18.92.

Confluence Investment Management Llc sold out a holding in iShares iBoxx $ Investment Grade Corporate Bond ET. The sale prices were between $122.95 and $129.1, with an estimated average price of $125.99.