Confluence Investment Management

Confluence Investment Management as of June 30, 2013

Portfolio Holdings for Confluence Investment Management

Confluence Investment Management holds 255 positions in its portfolio as reported in the June 2013 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Ares Capital Corporation (ARCC) 2.4 $35M 2.0M 17.20
Vanguard Index Fds reit etf 2.3 $33M 481k 68.72
Johnson And 2.2 $32M 378k 85.86
Microsoft Corp 2.2 $32M 924k 34.55
Diageo (DEO) 1.9 $27M 236k 114.95
Chevron Corp 1.8 $26M 223k 118.34
Pepsico 1.8 $26M 322k 81.79
Emerson Electric 1.8 $26M 467k 54.54
Lockheed Martin Corp 1.7 $24M 224k 108.46
Golub Capital BDC (GBDC) 1.6 $24M 1.4M 17.50
GlaxoSmithKline 1.6 $23M 451k 49.97
Praxair 1.5 $22M 192k 115.16
Southern 1.5 $22M 498k 44.13
Kraft Foods 1.5 $22M 394k 55.87
Rayonier 1.5 $22M 394k 55.39
Plum Creek Timber 1.4 $21M 449k 46.67
Kohls Corp 1.4 $21M 411k 50.51
Broadridge Financial Solutions (BR) 1.4 $20M 765k 26.58
Iron Mtn 1.4 $20M 766k 26.61
Kinder Morgan (KMI) 1.4 $20M 526k 38.15
Pfizer 1.4 $20M 713k 28.01
Du Pont E I De Nemours & Co 1.4 $20M 377k 52.50
C.H. Robinson Worldwide (CHRW) 1.4 $20M 348k 56.31
Martin Marietta Matls 1.3 $20M 198k 98.42
Fidelity National Financial 1.3 $19M 814k 23.81
Willis Group Holdings 1.3 $19M 473k 40.78
Graco 1.3 $19M 302k 63.21
SPDR Barclays Capital High Yield B 1.3 $19M 477k 39.49
Pepco Holdings 1.3 $19M 933k 20.16
Rli 1.3 $19M 243k 76.41
3M Company (MMM) 1.2 $18M 167k 109.35
Ishares Iboxx High Yield Cor high yld corp 1.2 $18M 195k 90.88
Linear Technology Corp 1.1 $17M 449k 36.84
Progressive Corp Ohio 1.1 $16M 645k 25.42
Landauer 1.0 $15M 309k 48.31
Paychex 1.0 $14M 389k 36.51
Ishares Tr 0.8 $12M 170k 71.53
Pennantpark Invt 0.8 $12M 1.1M 11.05
Illinois Tool 0.8 $11M 162k 69.17
United Technologies 0.8 $11M 117k 92.94
American Express 0.8 $11M 145k 74.76
Dow Jones Us Technology - Isha 0.8 $11M 149k 73.63
Ishares Tr s^p 500 index 0.7 $11M 102k 105.03
Thl Credit 0.7 $11M 709k 15.19
Markel Corporation Holding 0.7 $11M 20k 526.96
Express Scripts Holding 0.7 $11M 173k 61.74
Berkley W R Corp 0.7 $10M 249k 40.86
Expeditors 0.7 $10M 263k 38.04
COM Sigma Aldrich Corp 0.7 $10M 125k 80.42
Waters Corp 0.7 $10M 100k 100.05
Medley Capital Corporation 0.7 $10M 737k 13.58
Thermo Fisher Scientific 0.7 $9.8M 116k 84.63
Google 0.7 $9.6M 11k 880.36
Discovery Communications 0.6 $9.3M 134k 69.77
Berkshire Hathaway Inc Del cl b 0.6 $9.1M 82k 111.92
Bed Bath & Beyond 0.6 $9.0M 128k 70.95
Ishares Tr s^p 500 index 0.6 $9.1M 80k 113.65
Hercules Tech Growth Cap 0.6 $9.1M 652k 13.94
Lowes Cos 0.6 $8.9M 217k 40.90
Wells Fargo & Co 0.6 $8.8M 213k 41.27
Tjx Cos 0.6 $8.7M 174k 50.06
Solar Cap (SLRC) 0.6 $8.6M 373k 23.09
Energy Select Sector SPDR (XLE) 0.6 $8.5M 109k 78.30
Vanguard Msci Emerging Markets msci emr mkt etf 0.6 $8.3M 213k 38.79
Industrial SPDR (XLI) 0.6 $8.1M 191k 42.64
MasterCard Incorporated (MA) 0.5 $7.8M 14k 574.54
Tcp Capital 0.5 $7.6M 456k 16.77
Health Care SPDR (XLV) 0.5 $7.5M 158k 47.61
Ipath Dow Jones-aig Commodity (DJP) 0.5 $7.6M 207k 36.49
Triangle Cap 0.5 $7.4M 267k 27.51
Halliburton 0.5 $7.2M 172k 41.72
New Mountain Finance 0.5 $7.2M 506k 14.16
Ishares Russell 2000 Value 0.5 $6.7M 78k 85.91
Cys Investments 0.4 $6.0M 653k 9.21
Consumer Discretionary SPDR (XLY) 0.4 $5.3M 94k 56.40
Home Depot 0.4 $5.2M 67k 77.47
Stryker Corp 0.4 $5.3M 82k 64.68
Brown & Brown 0.3 $5.0M 156k 32.24
Exxon Mobil Corporation (XOM) 0.3 $4.6M 51k 90.36
Mvc Capital 0.3 $4.7M 371k 12.59
Ishares Russell 2000 Growth 0.3 $4.6M 42k 111.52
Apollo Investment 0.3 $4.5M 576k 7.74
Horizon Technology Fin (HRZN) 0.3 $4.6M 332k 13.74
Vanguard Intermediate Tm Cpte Bd ETF (VCIT) 0.3 $4.4M 54k 83.02
Annaly Cap Mgmt 0.3 $4.5M 355k 12.57
Ishares Intermed. Credit 0.3 $4.5M 42k 107.72
Ishares Mbs 0.3 $4.5M 43k 105.24
Hatteras Financial 0.3 $4.3M 176k 24.64
Consumer Staples Select Sect. SPDR (XLP) 0.3 $4.4M 111k 39.67
SPDR Barclay Cp Intr Trm Cr Bd (SPIB) 0.3 $4.3M 129k 33.58
Ishares Tr 2018 invtgr bd 0.3 $4.4M 45k 97.14
Medallion Financial 0.3 $4.4M 318k 13.91
Ishares Gold Trust ishares 0.3 $4.2M 351k 11.99
Kcap Financial 0.3 $4.1M 368k 11.26
Gladstone Capital Corp 0.3 $3.9M 478k 8.17
Pennantpark Floating Rate Capi (PFLT) 0.3 $3.9M 279k 14.14
Compass Diversified Holdings (CODI) 0.3 $3.8M 216k 17.53
MCG Capital Corporation 0.2 $3.7M 710k 5.21
Deckers Outdoor Corp 0.2 $3.7M 73k 50.50
ConocoPhillips (COP) 0.2 $3.3M 55k 60.50
Grainger W W 0.2 $3.3M 13k 252.15
Landstar Sys 0.2 $3.2M 63k 51.51
Stellus Capital Investment 0.2 $3.2M 213k 15.05
Nextera Energy (NEE) 0.2 $3.1M 38k 81.47
Procter & Gamble 0.2 $3.1M 40k 76.98
Commerce Bancshares 0.2 $3.0M 69k 43.55
M&T Bank Corporation (MTB) 0.2 $2.9M 26k 111.75
Colgate Palmolive 0.2 $2.9M 50k 57.30
Nike Inc Cl B 0.2 $2.9M 46k 63.68
Occidental Pete Corp Del 0.2 $2.8M 32k 89.23
Vanguard Short Term Corporate Bond ETF (VCSH) 0.2 $2.9M 37k 79.11
Automatic Data Processing In 0.2 $3.0M 43k 68.86
Becton Dickinson & Co 0.2 $2.8M 29k 98.82
Ishares 7-10 Year Treasury 0.2 $2.9M 28k 102.49
Blackrock Kelso Capital 0.2 $2.9M 308k 9.36
T. Rowe Price (TROW) 0.2 $2.8M 38k 73.19
Novartis (NVS) 0.2 $2.8M 40k 70.70
Mcdonalds Corp 0.2 $2.8M 28k 98.98
Wal Mart Stores 0.2 $2.7M 37k 74.50
Clorox 0.2 $2.7M 33k 83.14
Analog Devices 0.2 $2.7M 61k 45.05
Nordstrom 0.2 $2.8M 47k 59.94
Brown Forman Corp 0.2 $2.8M 42k 67.55
Cullen/frost Bankers 0.2 $2.7M 41k 66.78
Mdu Resources Group 0.2 $2.7M 106k 25.91
Ishares Tr 2020 invtgr bd 0.2 $2.7M 28k 95.68
Nxp Semiconductors N V (NXPI) 0.2 $2.6M 85k 31.02
General Dynamics Corp 0.2 $2.7M 34k 78.32
Marathon Oil Corp 0.2 $2.7M 78k 34.58
Solar Senior Capital 0.2 $2.7M 146k 18.41
Ishares Tr 2023 invtgr bd 0.2 $2.6M 28k 92.96
American Capital 0.2 $2.4M 191k 12.67
NGP Capital Resources Company 0.2 $2.5M 410k 6.13
International 0.2 $2.5M 13k 191.08
Air Prods & Chems 0.2 $2.5M 27k 91.59
Piedmont Natural Gas 0.2 $2.5M 75k 33.74
Donaldson 0.2 $2.5M 69k 35.66
Ofs Capital (OFS) 0.2 $2.5M 210k 11.90
Fidus Investment 0.2 $2.5M 133k 18.71
EnPro Industries (NPO) 0.1 $2.2M 44k 50.77
New Jersey Resources Corp. 0.1 $2.2M 53k 41.54
Gladstone Invt Corp 0.1 $2.1M 292k 7.35
Materials SPDR (XLB) 0.1 $2.1M 54k 38.34
Main Street Capital Corporation (MAIN) 0.1 $2.0M 74k 27.69
Ishares Tr dj us ut 0.1 $2.1M 22k 94.58
TICC Capital 0.1 $2.0M 204k 9.62
Patterson Companies 0.1 $1.8M 49k 37.60
Claymore Exchange-traded Fd gugg crp bd 2017 0.1 $1.7M 77k 22.31
Ishares Inc msci brazil 0.1 $1.7M 39k 43.87
Full Circle Capital 0.1 $1.7M 217k 7.90
Affiliated Managers Group 0.1 $1.6M 9.8k 163.97
Ritchie Bros Auctioneers 0.1 $1.5M 81k 19.21
Ishares Trust Barclays (GNMA) 0.1 $1.6M 34k 48.32
Ishares Trust Barclays (CMBS) 0.1 $1.7M 32k 51.19
Claymore Exchange Trd Fd Tr gug bull2019 e 0.1 $1.6M 80k 20.40
Claymore Exchange Trd Fd Tr gug bull2020 e 0.1 $1.6M 79k 20.35
Claymore Exchange Trd Fd Tr gug bull2018 e 0.1 $1.6M 80k 20.57
Ishares Tr 2016 invtgr bd 0.1 $1.7M 17k 98.83
Zebra Technologies Corp cl a 0.1 $1.5M 35k 43.44
SPDR Nvn Barclys Cptl Shrt Trm Mncpl Bnd 0.1 $1.2M 52k 23.89
SPDR Nuveen Barclays Capital Municpl Bnd 0.1 $1.3M 56k 22.86
Vca Antech 0.1 $1.3M 49k 26.09
Morningstar 0.1 $1.3M 17k 77.61
Gladstone Coml 0.1 $1.3M 67k 18.63
Forward Air 0.1 $1.4M 36k 38.29
West Pharmaceutical Svsc 0.1 $1.4M 20k 70.25
Hittite Microwave Corporation 0.1 $1.2M 21k 57.99
Claymore Exchange-traded Fd gugg crp bd 2014 0.1 $1.1M 54k 21.27
Claymore Exchange-traded Fd gugg crp bd 2016 0.1 $1.2M 53k 22.07
Guggenheim Bulletshar 0.1 $1.1M 52k 21.76
Cubic Corp. 0.1 $1.1M 23k 48.09
Haemonetics Corp/mass 0.1 $1.2M 30k 41.33
Franklin Electric 0.1 $1.2M 35k 33.66
Graftech Intl 0.1 $1.1M 154k 7.28
Thermon Group Holdings (THR) 0.1 $1.2M 60k 20.40
Vocera Communications 0.1 $1.2M 83k 14.70
Mueller Inds 0.1 $1.2M 24k 50.42
Techne 0.1 $1.1M 16k 69.05
Fifth Street Finance 0.1 $1.1M 101k 10.45
Onebeacon Insurance Group Ltd Cl-a 0.1 $1.1M 75k 14.47
Douglas Dynamics (PLOW) 0.1 $974k 75k 12.98
C&j Energy Services 0.1 $1.1M 56k 19.37
Wiley John & Sons Inc Cl A cl a 0.1 $982k 25k 40.09
Ishrs Barclays 1-3yr Tr Bd 0.1 $995k 12k 84.29
Scotts Miracle Gro Co cl a 0.1 $936k 19k 48.31
Berkshire Hathaway Inc. - Clas 0.1 $843k 5.00 168600.00
Mohawk Inds 0.1 $736k 6.5k 112.45
Barclays 3-7 Year Treasury Bon 0.1 $782k 6.5k 120.79
Ishares S&p Amt-free Municipal 0.1 $666k 12k 53.71
S&p 500 Value Index - Ishares 0.1 $657k 8.7k 75.82
Varian Medical Systems 0.0 $604k 8.9k 67.49
ETFS Physical Platinum Shares 0.0 $584k 4.5k 131.12
Southwestern Energy 0.0 $520k 14k 36.52
Cimarex Energy 0.0 $518k 8.0k 64.95
Heartland Express 0.0 $541k 39k 13.88
Royal Dutch Shell Plc spons adr a 0.0 $545k 8.5k 63.79
Weyerhaeuser 0.0 $526k 19k 28.48
Snyders Lance 0.0 $594k 21k 28.43
Manatuck Hill Mariner Offshore 0.0 $520k 3.4k 153.85
Spdr S&p 500 Etf (SPY) 0.0 $501k 3.1k 160.37
Potash Corp. Of Saskatchewan I 0.0 $376k 9.9k 38.15
Total (TTE) 0.0 $417k 8.6k 48.72
Prospect Capital Corporation (PSEC) 0.0 $456k 42k 10.81
PowerShares DB US Dollar Index Bullish 0.0 $378k 17k 22.58
Coca Cola 0.0 $382k 9.5k 40.13
Pioneer Natural Resources 0.0 $388k 2.7k 144.67
Bhp Billiton 0.0 $374k 6.5k 57.63
Bp 0.0 $495k 12k 41.71
Imperial Oil 0.0 $374k 9.8k 38.18
Leucadia Natl Corp 0.0 $399k 15k 26.21
Mosaic (MOS) 0.0 $405k 7.5k 53.86
New Gold Inc Cda 0.0 $368k 57k 6.43
Gulf Coast Ultra Deep Royalty (GULTU) 0.0 $392k 192k 2.04
Ishares National Amt-free Muni 0.0 $441k 4.2k 105.10
Ishares S&p Amt-free Municipal 0.0 $452k 8.7k 51.69
Ishares S&p Amt-free Municipal 0.0 $448k 8.5k 52.94
Ishares S&p Amt-free Municipal 0.0 $459k 8.4k 54.68
Ishares S&p Amt-free Municipal 0.0 $448k 18k 24.88
S&p 500 Growth Index - Ishares 0.0 $430k 5.1k 84.05
JPMorgan Chase & Co. (JPM) 0.0 $327k 6.2k 52.78
Cameco Corporation (CCJ) 0.0 $350k 17k 20.68
Freeport-McMoRan Copper & Gold (FCX) 0.0 $329k 12k 27.58
Energy Xxi 0.0 $324k 15k 22.20
Contango Oil & Gas Company 0.0 $329k 9.7k 33.77
Eni S.p.A. (E) 0.0 $334k 8.1k 41.05
Repsol YPF (REPYY) 0.0 $335k 16k 21.14
Anglo American 0.0 $298k 31k 9.63
SM Energy (SM) 0.0 $362k 6.0k 59.91
Yamana Gold 0.0 $349k 37k 9.52
General Electric 0.0 $362k 16k 23.19
Saratoga Investment (SAR) 0.0 $247k 14k 17.54
ETFS Physical Palladium Shares 0.0 $333k 5.1k 64.67
Newmont Mining Corp 0.0 $346k 12k 29.93
WisdomTree Japan Total Dividend (DXJ) 0.0 $278k 6.1k 45.57
Peabody Energy Corp 0.0 $264k 18k 14.62
Murphy Oil Corp 0.0 $363k 6.0k 60.92
Sociedad Quimica Y Minera De C adr rep 0.0 $316k 7.8k 40.36
Wisdomtree Tr intl hedge eqt (HEDJ) 0.0 $277k 5.8k 48.13
Agrium 0.0 $359k 4.1k 87.03
Barrick Gold Corp 0.0 $294k 19k 15.73
Eldorado Gold Corp 0.0 $345k 56k 6.18
Royal Gold 0.0 $307k 7.3k 42.07
Silver Wheaton Corp 0.0 $302k 15k 19.70
Potlatch Corp 0.0 $301k 7.5k 40.39
Franco Nevada 0.0 $336k 9.4k 35.76
Deltic Timber 0.0 $322k 5.6k 57.82
Ares Coml Real Estate (ACRE) 0.0 $256k 20k 12.80
Harvest Cap Cr 0.0 $302k 20k 15.10
Bank Of Marin 0.0 $245k 6.1k 39.95
Vanguard Equity-in 0.0 $249k 4.3k 57.53
Walter Energy 0.0 $126k 12k 10.39
PIMCO Intermediate Mun Bond Strat Fund (MUNI) 0.0 $218k 4.2k 51.78
First Trust ISE Revere Natural Gas 0.0 $215k 13k 16.07
Uranium Energy 0.0 $174k 97k 1.79
Golub Capital Inc. - 144a 0.0 $23k 23k 0.98