Confluence Investment Management

Confluence Investment Management as of Dec. 31, 2013

Portfolio Holdings for Confluence Investment Management

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

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Chevron Corporation (CVX) 2.3 $41M 329k 124.91
Johnson & Johnson (JNJ) 2.2 $41M 443k 91.59
Ares Capital Corporation (ARCC) 2.2 $40M 2.3M 17.77
Pepsi (PEP) 2.1 $39M 467k 82.94
Emerson Electric (EMR) 2.1 $38M 542k 70.18
Lockheed Martin Corporation (LMT) 2.1 $38M 254k 148.66
Diageo (DEO) 2.0 $37M 279k 132.42
3M Company (MMM) 1.9 $35M 248k 140.25
Broadridge Financial Solutions (BR) 1.9 $34M 869k 39.52
Microsoft Corporation (MSFT) 1.8 $32M 859k 37.41
Fidelity National Financial 1.7 $31M 957k 32.45
Praxair 1.7 $31M 236k 130.03
Vanguard REIT ETF (VNQ) 1.7 $31M 473k 64.56
Golub Capital BDC (GBDC) 1.7 $30M 1.6M 19.11
GlaxoSmithKline 1.6 $30M 557k 53.39
Iron Mountain Incorporated 1.6 $29M 965k 30.35
E.I. du Pont de Nemours & Company 1.6 $29M 442k 64.97
Linear Technology Corporation 1.5 $28M 613k 45.55
Kohl's Corporation (KSS) 1.5 $28M 485k 56.75
Southern Company (SO) 1.5 $26M 640k 41.11
Pfizer (PFE) 1.4 $26M 855k 30.63
Rayonier (RYN) 1.4 $25M 603k 42.10
Kraft Foods 1.4 $25M 470k 53.91
Plum Creek Timber 1.4 $25M 542k 46.51
C.H. Robinson Worldwide (CHRW) 1.4 $25M 423k 58.35
iShares IBoxx $ Invest Grade Corp Bd (LQD) 1.4 $25M 216k 114.19
Willis Group Holdings 1.4 $25M 546k 44.81
Martin Marietta Materials (MLM) 1.3 $24M 242k 99.94
Kinder Morgan (KMI) 1.3 $24M 670k 36.00
Pepco Holdings 1.2 $22M 1.2M 19.13
Gra (GGG) 1.2 $22M 275k 78.12
Progressive Corporation (PGR) 1.1 $21M 763k 27.27
Paychex (PAYX) 1.0 $19M 407k 45.53
Northern Trust Corporation (NTRS) 1.0 $18M 293k 61.89
iShares S&P MidCap 400 Growth (IJK) 1.0 $18M 120k 150.19
American Express Company (AXP) 0.9 $17M 190k 90.73
United Technologies Corporation 0.8 $15M 134k 113.80
Nxp Semiconductors N V (NXPI) 0.8 $15M 331k 45.93
Illinois Tool Works (ITW) 0.8 $14M 170k 84.08
Markel Corporation (MKL) 0.8 $14M 24k 580.33
Expeditors International of Washington (EXPD) 0.8 $14M 311k 44.25
Express Scripts Holding 0.7 $13M 190k 70.24
Thermo Fisher Scientific (TMO) 0.7 $13M 118k 111.35
iShares Dow Jones US Technology (IYW) 0.7 $13M 148k 88.44
Sigma-Aldrich Corporation 0.7 $13M 135k 94.01
Google 0.7 $13M 11k 1120.67
W.R. Berkley Corporation (WRB) 0.7 $12M 281k 43.39
iShares S&P MidCap 400 Value Index (IJJ) 0.7 $12M 103k 116.23
Lowe's Companies (LOW) 0.7 $12M 237k 49.55
THL Credit 0.6 $12M 695k 16.49
TJX Companies (TJX) 0.6 $11M 175k 63.73
MasterCard Incorporated (MA) 0.6 $11M 13k 835.48
Bed Bath & Beyond 0.6 $11M 138k 80.30
Waters Corporation (WAT) 0.6 $11M 111k 100.00
Discovery Communications 0.6 $11M 129k 83.86
SPDR Barclays Capital High Yield B 0.6 $11M 268k 40.56
Berkshire Hathaway (BRK.B) 0.6 $11M 90k 118.56
PennantPark Investment (PNNT) 0.6 $11M 920k 11.60
Wells Fargo & Company (WFC) 0.6 $11M 232k 45.40
iShares Dow Jones US Financial (IYF) 0.6 $10M 128k 80.16
Medley Capital Corporation 0.6 $10M 750k 13.85
iShares iBoxx $ High Yid Corp Bond (HYG) 0.6 $10M 109k 92.88
Halliburton Company (HAL) 0.5 $9.4M 185k 50.75
Solar Cap (SLRC) 0.5 $9.3M 414k 22.55
Consumer Discretionary SPDR (XLY) 0.5 $9.3M 139k 66.83
Tcp Capital 0.5 $9.2M 550k 16.78
Hercules Technology Growth Capital (HTGC) 0.5 $9.0M 546k 16.40
New Mountain Finance Corp (NMFC) 0.5 $8.9M 592k 15.04
Energy Select Sector SPDR (XLE) 0.5 $8.2M 93k 88.51
Industrial SPDR (XLI) 0.5 $8.4M 161k 52.26
iShares Barclays Inter Crd Bd Fund ETF) (IGIB) 0.4 $7.7M 72k 107.88
Stryker Corporation (SYK) 0.4 $7.6M 101k 75.14
Brown & Brown (BRO) 0.3 $6.2M 198k 31.39
iShares Lehman MBS Bond Fund (MBB) 0.3 $6.2M 59k 104.56
Triangle Capital Corporation 0.3 $5.9M 213k 27.65
Exxon Mobil Corporation (XOM) 0.3 $5.7M 57k 101.20
Home Depot (HD) 0.3 $5.3M 65k 82.34
Ishares Tr 2018 invtgr bd 0.3 $5.0M 51k 97.80
ConocoPhillips (COP) 0.3 $4.9M 69k 70.65
Vanguard Intermediate Tm Cpte Bd ETF (VCIT) 0.3 $4.9M 60k 82.71
SPDR Barclay Cp Intr Trm Cr Bd (SPIB) 0.3 $4.9M 146k 33.60
Cys Investments 0.3 $4.9M 667k 7.41
Health Care SPDR (XLV) 0.3 $4.7M 86k 55.43
Automatic Data Processing (ADP) 0.3 $4.6M 57k 80.80
Nike (NKE) 0.3 $4.7M 59k 78.65
Horizon Technology Fin (HRZN) 0.3 $4.7M 332k 14.21
T. Rowe Price (TROW) 0.2 $4.4M 53k 83.77
General Dynamics Corporation (GD) 0.2 $4.4M 46k 95.54
Commerce Bancshares (CBSH) 0.2 $4.5M 99k 44.91
Consumer Staples Select Sect. SPDR (XLP) 0.2 $4.5M 106k 42.98
Stonecastle Finl (BANX) 0.2 $4.5M 182k 24.56
Ace Limited Cmn 0.2 $4.4M 42k 103.54
W.W. Grainger (GWW) 0.2 $4.4M 17k 255.42
Brown-Forman Corporation (BF.B) 0.2 $4.4M 58k 75.57
Analog Devices (ADI) 0.2 $4.3M 85k 50.93
MDU Resources (MDU) 0.2 $4.4M 144k 30.55
Becton, Dickinson and (BDX) 0.2 $4.3M 39k 110.48
Novartis (NVS) 0.2 $4.4M 54k 80.38
Colgate-Palmolive Company (CL) 0.2 $4.4M 68k 65.21
Nextera Energy (NEE) 0.2 $4.3M 50k 85.63
Procter & Gamble Company (PG) 0.2 $4.3M 52k 81.42
Donaldson Company (DCI) 0.2 $4.3M 98k 43.46
MVC Capital 0.2 $4.3M 316k 13.50
Medallion Financial (MFIN) 0.2 $4.4M 308k 14.35
M&T Bank Corporation (MTB) 0.2 $4.2M 36k 116.41
Cullen/Frost Bankers (CFR) 0.2 $4.2M 57k 74.44
Nordstrom (JWN) 0.2 $4.1M 67k 61.81
Air Products & Chemicals (APD) 0.2 $4.2M 37k 111.77
Occidental Petroleum Corporation (OXY) 0.2 $4.2M 44k 95.11
Clorox Company (CLX) 0.2 $4.2M 45k 92.77
Landauer 0.2 $4.2M 80k 52.61
iShares Lehman 7-10 Yr Treas. Bond (IEF) 0.2 $4.2M 42k 99.24
Pennantpark Floating Rate Capi (PFLT) 0.2 $4.1M 301k 13.73
Landstar System (LSTR) 0.2 $4.0M 70k 57.44
Compass Diversified Holdings (CODI) 0.2 $3.9M 199k 19.63
McDonald's Corporation (MCD) 0.2 $3.9M 40k 97.02
Marathon Oil Corporation (MRO) 0.2 $3.9M 110k 35.30
Gladstone Capital Corporation (GLAD) 0.2 $3.9M 406k 9.57
New Jersey Resources Corporation (NJR) 0.2 $3.7M 81k 46.23
Annaly Capital Management 0.2 $3.7M 368k 9.97
International Business Machines (IBM) 0.2 $3.7M 20k 187.59
Piedmont Natural Gas Company 0.2 $3.7M 112k 33.16
Apollo Investment 0.2 $3.6M 427k 8.48
Ofs Capital (OFS) 0.2 $3.4M 267k 12.83
Stellus Capital Investment (SCM) 0.2 $3.4M 230k 14.95
SPDR Nuveen Barclays Capital Municpl Bnd 0.2 $3.2M 140k 22.55
Kcap Financial 0.2 $3.3M 410k 8.07
Ishares Tr 2020 invtgr bd 0.2 $3.1M 32k 95.94
Ishares Tr 2023 invtgr bd 0.2 $3.0M 33k 91.14
Ishares Corporate Bond Etf 202 0.2 $3.1M 31k 99.30
NGP Capital Resources Company 0.2 $2.8M 378k 7.47
Hatteras Financial 0.2 $2.9M 176k 16.34
American Capital 0.1 $2.7M 171k 15.64
MCG Capital Corporation 0.1 $2.8M 628k 4.40
Solar Senior Capital 0.1 $2.7M 146k 18.22
Zebra Technologies (ZBRA) 0.1 $2.5M 46k 54.09
Blackrock Kelso Capital 0.1 $2.6M 279k 9.33
SPDR Nvn Barclys Cptl Shrt Trm Mncpl Bnd 0.1 $2.6M 106k 24.29
Main Street Capital Corporation (MAIN) 0.1 $2.5M 76k 32.69
iShares Lehman 3-7 Yr Treasury Bond (IEI) 0.1 $2.6M 22k 120.03
Ritchie Bros. Auctioneers Inco 0.1 $2.4M 103k 22.93
EnPro Industries (NPO) 0.1 $2.4M 41k 57.64
Materials SPDR (XLB) 0.1 $2.3M 50k 46.22
Gladstone Investment Corporation (GAIN) 0.1 $2.4M 292k 8.06
Patterson Companies (PDCO) 0.1 $2.2M 53k 41.20
iShares Dow Jones US Utilities (IDU) 0.1 $1.9M 20k 95.81
Vanguard Short Term Corporate Bond ETF (VCSH) 0.1 $2.0M 25k 79.78
Claymore Exchange-traded Fd gugg crp bd 2017 0.1 $1.9M 85k 22.66
TICC Capital 0.1 $1.9M 181k 10.34
Ishares Trust Barclays (GNMA) 0.1 $1.9M 39k 48.39
Ishares Trust Barclays (CMBS) 0.1 $1.9M 37k 51.05
Claymore Exchange Trd Fd Tr gug bull2019 e 0.1 $1.9M 91k 20.58
Claymore Exchange Trd Fd Tr gug bull2020 e 0.1 $1.9M 91k 20.54
Claymore Exchange Trd Fd Tr gug bull2018 e 0.1 $1.9M 91k 20.93
Ishares Tr 2016 invtgr bd 0.1 $1.9M 19k 99.30
VCA Antech 0.1 $1.5M 49k 31.37
Gladstone Commercial Corporation (GOOD) 0.1 $1.7M 92k 17.97
Techne Corporation 0.1 $1.6M 17k 94.67
West Pharmaceutical Services (WST) 0.1 $1.6M 33k 49.06
Thermon Group Holdings (THR) 0.1 $1.7M 62k 27.33
Franklin Electric (FELE) 0.1 $1.5M 34k 44.65
Forward Air Corporation (FWRD) 0.1 $1.5M 34k 43.92
Mueller Industries (MLI) 0.1 $1.5M 24k 63.00
GrafTech International 0.1 $1.4M 129k 11.23
Onebeacon Insurance Group Ltd Cl-a 0.1 $1.4M 87k 15.82
Cu (CULP) 0.1 $1.5M 71k 20.45
Bank of Marin Ban (BMRC) 0.1 $1.4M 32k 43.39
Safeguard Scientifics 0.1 $1.5M 76k 20.09
Full Circle Cap Corp 0.1 $1.5M 216k 7.04
Haemonetics Corporation (HAE) 0.1 $1.3M 32k 42.12
Hittite Microwave Corporation 0.1 $1.4M 22k 61.71
Morningstar (MORN) 0.1 $1.2M 16k 78.06
Cubic Corporation 0.1 $1.3M 24k 52.66
Douglas Dynamics (PLOW) 0.1 $1.4M 81k 16.82
Lance 0.1 $1.3M 45k 28.66
Claymore Exchange-traded Fd gugg crp bd 2016 0.1 $1.3M 60k 22.29
Guggenheim Bulletshar 0.1 $1.3M 59k 21.88
C&j Energy Services 0.1 $1.3M 58k 23.10
Vocera Communications 0.1 $1.3M 86k 15.61
re Max Hldgs Inc cl a (RMAX) 0.1 $1.3M 41k 32.08
Spdr S&p 500 Etf (SPY) 0.1 $1.1M 6.0k 184.65
Fifth Street Finance 0.1 $1.1M 124k 9.25
Scotts Miracle-Gro Company (SMG) 0.1 $1.1M 18k 62.21
National Interstate Corporation 0.1 $1.2M 50k 23.00
ETFS Physical Platinum Shares 0.1 $1.1M 8.2k 133.88
iShares 10+ Year Credit Bond Fund ETF (IGLB) 0.1 $1.1M 19k 55.00
Ishares Tr 2017 s^p amtfr 0.1 $1.0M 19k 54.98
Ishares S&p Amt-free Municipal 0.1 $1.0M 41k 25.31
Mohawk Industries (MHK) 0.1 $847k 5.7k 148.83
MSC Industrial Direct (MSM) 0.1 $903k 11k 80.86
Berkshire Hathaway (BRK.A) 0.1 $889k 5.00 177800.00
Varian Medical Systems 0.1 $882k 11k 77.65
iShares S&P 500 Growth Index (IVW) 0.0 $731k 7.4k 98.77
iShares Russell 2000 Growth Index (IWO) 0.0 $664k 4.9k 135.45
iShares S&P Natl AMTFr Mncpl Bd (MUB) 0.0 $680k 6.6k 103.75
iShares 2015 S&P AMT-Free Mun Ser ETF 0.0 $686k 13k 53.23
iShares 2016 S&P AMT-Free Mun Ser ETF 0.0 $686k 13k 53.58
Potash Corp. Of Saskatchewan I 0.0 $562k 17k 32.95
Royal Dutch Shell 0.0 $511k 7.2k 71.31
Weyerhaeuser Company (WY) 0.0 $561k 18k 31.59
Southwestern Energy Company (SWN) 0.0 $530k 14k 39.30
iShares S&P 500 Value Index (IVE) 0.0 $548k 6.4k 85.49
iShares Russell 2000 Value Index (IWN) 0.0 $478k 4.8k 99.50
ETFS Physical Palladium Shares 0.0 $499k 7.2k 69.63
PIMCO Intermediate Mun Bond Strat Fund (MUNI) 0.0 $484k 9.3k 51.77
Manatuck Hill Mariner Offshore 0.0 $482k 3.2k 151.48
Mosaic (MOS) 0.0 $599k 13k 47.28
Monroe Cap (MRCC) 0.0 $464k 38k 12.20
Barrick Gold Corp (GOLD) 0.0 $315k 18k 17.62
Sociedad Quimica y Minera (SQM) 0.0 $314k 12k 25.89
Leucadia National 0.0 $285k 10k 28.38
Affiliated Managers (AMG) 0.0 $422k 1.9k 216.63
Coca-Cola Company (KO) 0.0 $421k 10k 41.28
Range Resources (RRC) 0.0 $404k 4.8k 84.40
General Electric Company 0.0 $313k 11k 28.06
Continental Resources 0.0 $348k 3.1k 112.66
Agrium 0.0 $358k 3.9k 91.49
Hess (HES) 0.0 $383k 4.6k 82.90
Statoil ASA 0.0 $379k 16k 24.12
Total (TTE) 0.0 $413k 6.7k 61.24
Freeport-McMoRan Copper & Gold (FCX) 0.0 $420k 11k 37.73
Murphy Oil Corporation (MUR) 0.0 $365k 5.6k 64.84
EOG Resources (EOG) 0.0 $345k 2.1k 167.96
Energy Xxi 0.0 $369k 14k 27.10
Pioneer Natural Resources (PXD) 0.0 $451k 2.5k 184.01
Contango Oil & Gas Company 0.0 $425k 9.0k 47.26
Whiting Petroleum Corporation 0.0 $343k 5.5k 61.95
Eni S.p.A. (E) 0.0 $369k 7.6k 48.51
W&T Offshore (WTI) 0.0 $317k 20k 15.98
iShares MSCI Japan Index 0.0 $276k 23k 12.15
iShares MSCI EMU Index (EZU) 0.0 $417k 10k 41.43
BHP Billiton (BHP) 0.0 $400k 5.9k 68.20
Concho Resources 0.0 $359k 3.3k 107.91
Repsol YPF (REPYY) 0.0 $373k 15k 25.28
Royal Gold (RGLD) 0.0 $326k 7.1k 46.01
Cimarex Energy 0.0 $368k 3.5k 104.93
Potlatch Corporation (PCH) 0.0 $307k 7.4k 41.69
Eldorado Gold Corp 0.0 $303k 53k 5.70
New Gold Inc Cda (NGD) 0.0 $285k 54k 5.25
SM Energy (SM) 0.0 $336k 4.0k 83.02
Silver Wheaton Corp 0.0 $361k 18k 20.20
Yamana Gold 0.0 $306k 35k 8.63
iShares Russell 3000 Value Index (IUSV) 0.0 $414k 3.4k 123.55
Franco-Nevada Corporation (FNV) 0.0 $362k 8.9k 40.77
SPDR Barclays Capital Inter Term (SPTI) 0.0 $444k 7.5k 59.10
Vanguard Equity Income Admiral (VEIRX) 0.0 $273k 4.4k 62.34
Gulf Coast Ultra Deep Royalty (GULTU) 0.0 $373k 180k 2.08
Harvest Cap Cr 0.0 $300k 20k 15.00
JPMorgan Chase & Co. (JPM) 0.0 $250k 4.3k 58.42
Franklin Street Properties (FSP) 0.0 $131k 11k 11.91
SPDR S&P Oil & Gas Explore & Prod. 0.0 $211k 3.1k 68.48
Vanguard Emerging Markets ETF (VWO) 0.0 $260k 6.3k 41.20
Saratoga Investment (SAR) 0.0 $234k 15k 15.67
Proshares Tr Ii Ultrashort Ye etf (YCS) 0.0 $235k 3.3k 71.04
Ares Coml Real Estate (ACRE) 0.0 $262k 20k 13.10