Confluence Wealth Services, Inc.

CIK 0001910411 · Q1 2026

13F Equity AUM

$2.6B

+6.8% QoQ

Positions

365

-6 QoQ

AUM Rank

#1,548

Top 12%

Skill Alpha (FF)

-0.4%/yr^ns

No Clear Edge

Rank #2,855 · Top 35%

vs S&P -2.7%/yr (unadj.)

Quarters Tracked

~4 years

Portfolio Concentration

Top 5: 32.2%Top 10: 47.9%Top 20: 66.2%

CGDV10.0%

VIG6.8%

IWF5.3%

JEPI5.2%

VYMI5.0%

DFIV3.6%

JCPB3.3%

PYLD3.0%

DFAS2.9%

CGDG2.9%

Others (355)52.1%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services79.1%

Technology5.8%

Fund2.9%

Energy2.6%

Healthcare2.2%

Other7.5%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 365Median: 0.04%Avg: 0.27%

0–0.5%

330(22.4%)

0.5–1%

13(9.3%)

1–3%

14(26.1%)

3–5%

4(15.0%)

5%+

4(27.2%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 359Unique: 6vs 20 funds

4.9%Low

365

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

6.7%

BANK OF AMERICA CORP /DE/

7.4%

7.1%

10.9%

7.2%

6.8%

VANGUARD CAPITAL MANAGEMENT LLC

6.6%

GEODE CAPITAL MANAGEMENT, LLC

6.4%

VANGUARD PORTFOLIO MANAGEMENT LLC

7.5%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New8Increased220Decreased89Exited14

New Positions

USAC0.0%

+8K

SHW0.0%

+646

LHX0.0%

+1K

MTB0.0%

+1K

EPD0.0%

+5K

BUFR0.0%

+6K

HAL0.0%

+6K

CRS0.0%

+509

Increased

PYLD3.0%

+627K(+27%)

MFSB1.1%

+418K(+59%)

JCPB3.3%

+390K(+27%)

CGDV10.0%

+255K(+4%)

JEPI5.2%

+242K(+11%)

CGCP1.4%

+211K(+14%)

CGXU2.3%

+136K(+7%)

JPIE1.0%

+98K(+21%)

CGDG2.9%

+93K(+5%)

CGCV0.4%

+84K(+31%)

Decreased

CGHM0.7%

-28,321(-4%)

DFAX2.3%

-11,825(-1%)

IAU*0.1%

-11,774(-26%)

RSP0.2%

-11,175(-32%)

CGSM0.0%

-10,916(-23%)

PNC0.1%

-9,458(-40%)

CGMS0.2%

-7,073(-3%)

IVW0.1%

-4,914(-27%)

VSLU0.0%

-2,600(-14%)

ITW0.0%

-2,096(-51%)

Exited

-36,646

-7,982

-8,577

-453

-987

-5,864

-1,126

-1,538

-4,364

-11,063

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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