Confluence Investment Management

Confluence Investment Management as of March 31, 2015

Portfolio Holdings for Confluence Investment Management

Confluence Investment Management holds 241 positions in its portfolio as reported in the March 2015 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Pepsi (PEP) 2.4 $64M 673k 95.62
Johnson & Johnson (JNJ) 2.4 $63M 623k 100.60
Chevron Corporation (CVX) 2.0 $53M 503k 104.98
Kraft Foods 2.0 $52M 596k 87.12
Ares Capital Corporation (ARCC) 1.9 $50M 2.9M 17.17
3M Company (MMM) 1.8 $48M 290k 164.95
Kohl's Corporation (KSS) 1.8 $48M 611k 78.25
Gra (GGG) 1.8 $47M 651k 72.16
Northern Trust Corporation (NTRS) 1.8 $47M 668k 69.65
Emerson Electric (EMR) 1.7 $46M 816k 56.62
Diageo (DEO) 1.7 $46M 413k 110.57
Kinder Morgan (KMI) 1.7 $46M 1.1M 42.06
Broadridge Financial Solutions (BR) 1.7 $45M 821k 55.01
Colgate-Palmolive Company (CL) 1.7 $45M 645k 69.34
Microsoft Corporation (MSFT) 1.7 $44M 1.1M 40.65
Linear Technology Corporation 1.7 $44M 949k 46.80
Fnf (FNF) 1.7 $44M 1.2M 36.76
Iron Mountain (IRM) 1.7 $44M 1.2M 36.48
Martin Marietta Materials (MLM) 1.6 $43M 304k 139.80
Pfizer (PFE) 1.5 $41M 1.2M 34.79
Praxair 1.5 $40M 332k 120.74
GlaxoSmithKline 1.5 $40M 863k 46.15
C.H. Robinson Worldwide (CHRW) 1.5 $39M 529k 73.22
Southern Company (SO) 1.4 $39M 869k 44.28
E.I. du Pont de Nemours & Company 1.4 $38M 535k 71.47
Progressive Corporation (PGR) 1.4 $38M 1.4M 27.20
Digital Realty Trust (DLR) 1.4 $38M 573k 65.96
Rayonier (RYN) 1.4 $37M 1.4M 26.96
Plum Creek Timber 1.4 $37M 844k 43.45
Fastenal Company (FAST) 1.4 $36M 869k 41.43
General Electric Company 1.3 $36M 1.4M 24.81
Paychex (PAYX) 1.2 $33M 663k 49.62
Markel Corporation (MKL) 1.1 $31M 40k 768.96
Express Scripts Holding 1.1 $29M 332k 86.77
TJX Companies (TJX) 1.0 $27M 390k 70.05
Bed Bath & Beyond 1.0 $26M 340k 76.77
Expeditors International of Washington (EXPD) 1.0 $26M 539k 48.18
American Express Company (AXP) 1.0 $26M 327k 78.12
United Technologies Corporation 0.9 $25M 210k 117.20
Mattel (MAT) 0.9 $24M 1.1M 22.85
Discovery Communications 0.8 $22M 746k 29.47
Illinois Tool Works (ITW) 0.8 $22M 221k 97.14
American International (AIG) 0.8 $21M 375k 54.79
Lowe's Companies (LOW) 0.8 $21M 276k 74.39
MasterCard Incorporated (MA) 0.8 $20M 229k 86.39
Thermo Fisher Scientific (TMO) 0.8 $20M 148k 134.34
W.R. Berkley Corporation (WRB) 0.8 $20M 393k 50.51
Berkshire Hathaway (BRK.B) 0.7 $19M 130k 144.32
Brown & Brown (BRO) 0.7 $18M 545k 33.11
Wells Fargo & Company (WFC) 0.7 $18M 326k 54.40
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.7 $18M 147k 121.71
iShares S&P MidCap 400 Growth (IJK) 0.7 $18M 104k 171.51
iShares Russell Midcap Growth Idx. (IWP) 0.7 $18M 180k 97.93
Waters Corporation (WAT) 0.6 $17M 134k 124.32
Stryker Corporation (SYK) 0.6 $17M 182k 92.25
Halliburton Company (HAL) 0.6 $15M 345k 43.88
iShares S&P MidCap 400 Value Index (IJJ) 0.6 $15M 114k 130.95
Google Inc Class C 0.5 $14M 25k 547.99
Golub Capital BDC (GBDC) 0.5 $12M 680k 17.55
Morningstar (MORN) 0.4 $12M 153k 74.91
Vanguard Long Term Corporate Bond ETF (VCLT) 0.4 $11M 120k 94.10
New Mountain Finance Corp (NMFC) 0.4 $11M 762k 14.60
Home Depot (HD) 0.4 $11M 96k 113.61
iShares Dow Jones US Technology (IYW) 0.4 $10M 98k 104.96
Tcp Capital 0.4 $10M 638k 16.02
Solar Cap (SLRC) 0.4 $9.7M 478k 20.24
THL Credit 0.4 $9.9M 807k 12.29
Vanguard Intermediate Tm Cpte Bd ETF (VCIT) 0.3 $8.9M 101k 87.70
Nike (NKE) 0.3 $8.6M 86k 100.33
PennantPark Investment (PNNT) 0.3 $8.7M 957k 9.05
Ishares Tr 2023 invtgr bd 0.3 $8.8M 89k 99.01
Analog Devices (ADI) 0.3 $8.4M 133k 63.00
Nordstrom 0.3 $8.2M 102k 80.32
Becton, Dickinson and (BDX) 0.3 $8.2M 57k 143.59
Air Products & Chemicals (APD) 0.3 $8.3M 55k 151.28
MSC Industrial Direct (MSM) 0.3 $8.3M 114k 72.20
Lockheed Martin Corporation (LMT) 0.3 $8.1M 40k 202.96
Triangle Capital Corporation 0.3 $8.3M 365k 22.81
re Max Hldgs Inc cl a (RMAX) 0.3 $8.1M 245k 33.21
General Dynamics Corporation (GD) 0.3 $8.0M 59k 135.73
Clorox Company (CLX) 0.3 $7.9M 72k 110.39
Novartis (NVS) 0.3 $7.8M 79k 98.61
American Capital 0.3 $7.7M 523k 14.79
New Jersey Resources Corporation (NJR) 0.3 $7.8M 250k 31.06
Ace Limited Cmn 0.3 $7.5M 67k 111.49
SEI Investments Company (SEIC) 0.3 $7.5M 169k 44.09
Hercules Technology Growth Capital (HTGC) 0.3 $7.5M 558k 13.48
M&T Bank Corporation (MTB) 0.3 $7.2M 57k 127.00
Procter & Gamble Company (PG) 0.3 $7.0M 86k 81.94
Nestle SA Reg Shs. Ser. B Spons (NSRGY) 0.3 $7.0M 93k 75.22
Commerce Bancshares (CBSH) 0.3 $7.1M 167k 42.32
Consumer Discretionary SPDR (XLY) 0.3 $7.2M 96k 75.35
iShares Dow Jones US Financial (IYF) 0.3 $7.2M 81k 89.05
SPDR Barclay Cp Intr Trm Cr Bd (SPIB) 0.3 $7.2M 208k 34.54
Medley Capital Corporation 0.3 $7.2M 790k 9.15
Ishares Tr 2018 invtgr bd 0.3 $7.1M 71k 99.82
McDonald's Corporation (MCD) 0.3 $6.9M 71k 97.44
T. Rowe Price (TROW) 0.3 $6.8M 84k 80.98
Sigma-Aldrich Corporation 0.3 $6.8M 49k 138.25
Health Care SPDR (XLV) 0.2 $6.6M 91k 72.50
W.W. Grainger (GWW) 0.2 $6.6M 28k 235.82
Google 0.2 $6.6M 12k 554.67
Piedmont Natural Gas Company 0.2 $6.7M 181k 36.91
iShares 10+ Year Credit Bond Fund ETF (IGLB) 0.2 $6.7M 106k 62.60
Cullen/Frost Bankers (CFR) 0.2 $6.4M 92k 69.09
Donaldson Company (DCI) 0.2 $6.3M 166k 37.71
iShares Russell 2000 Growth Index (IWO) 0.2 $6.5M 43k 151.56
Market Vectors Long Municipal Index 0.2 $6.3M 318k 19.92
Ishares Corporate Bond Etf 202 0.2 $6.3M 58k 107.22
Exxon Mobil Corporation (XOM) 0.2 $6.1M 71k 85.00
ConocoPhillips (COP) 0.2 $6.0M 96k 62.26
Apollo Investment 0.2 $6.1M 794k 7.68
iShares Lehman 7-10 Yr Treas. Bond (IEF) 0.2 $6.1M 56k 108.39
Vanguard REIT ETF (VNQ) 0.2 $6.2M 73k 84.31
SPDR DJ Wilshire REIT (RWR) 0.2 $6.1M 65k 94.57
Cys Investments 0.2 $6.2M 697k 8.91
Occidental Petroleum Corporation (OXY) 0.2 $5.8M 80k 73.00
iShares S&P SmallCap 600 Growth (IJT) 0.2 $5.8M 45k 130.15
Vanguard Small-Cap Growth ETF (VBK) 0.2 $5.7M 44k 131.79
iShares Barclays Inter Crd Bd Fund ETF) (IGIB) 0.2 $5.6M 50k 110.67
iShares Lehman MBS Bond Fund (MBB) 0.2 $5.4M 49k 110.33
iShares FTSE NAREIT Resi Plus Capp (REZ) 0.2 $5.5M 89k 62.14
MDU Resources (MDU) 0.2 $5.2M 243k 21.34
Marathon Oil Corporation (MRO) 0.2 $5.4M 205k 26.11
Triplepoint Venture Gr Bdc cs (TPVG) 0.2 $5.1M 364k 14.11
iShares iBoxx $ High Yid Corp Bond (HYG) 0.2 $4.8M 53k 90.61
SPDR Barclays Capital High Yield B 0.2 $4.9M 124k 39.22
Industrial SPDR (XLI) 0.2 $4.5M 81k 55.77
iShares Barclays 20+ Yr Treas.Bond (TLT) 0.2 $4.5M 34k 130.70
Ishares Tr 2020 invtgr bd 0.2 $4.4M 45k 100.01
Consumer Staples Select Sect. SPDR (XLP) 0.2 $4.2M 87k 48.74
Ofs Capital (OFS) 0.2 $4.2M 343k 12.25
iShares Russell 2000 Value Index (IWN) 0.1 $3.9M 38k 103.20
Kcap Financial 0.1 $4.1M 606k 6.73
Tpg Specialty Lnding Inc equity 0.1 $4.0M 231k 17.21
Annaly Capital Management 0.1 $3.8M 368k 10.40
iShares S&P SmallCap 600 Value Idx (IJS) 0.1 $3.7M 31k 118.92
Horizon Technology Fin (HRZN) 0.1 $3.8M 275k 13.82
Stellus Capital Investment (SCM) 0.1 $3.6M 299k 12.07
Landstar System (LSTR) 0.1 $3.5M 52k 66.29
Hatteras Financial 0.1 $3.5M 194k 18.16
Fs Investment Corporation 0.1 $3.5M 343k 10.14
Patterson Companies (PDCO) 0.1 $3.3M 67k 48.79
SPDR Nuveen Barclays Capital Municpl Bnd 0.1 $3.2M 133k 24.22
Medallion Financial (MFIN) 0.1 $2.9M 319k 9.26
Stonecastle Finl (BANX) 0.1 $3.0M 168k 17.96
VCA Antech 0.1 $2.7M 49k 54.81
Compass Diversified Holdings (CODI) 0.1 $2.7M 158k 17.10
Main Street Capital Corporation (MAIN) 0.1 $2.6M 85k 30.90
Claymore Exchange-traded Fd gugg crp bd 2017 0.1 $2.7M 119k 22.83
Ishares Trust Barclays (GNMA) 0.1 $2.6M 52k 50.56
Claymore Exchange Trd Fd Tr gug bull2019 e 0.1 $2.7M 127k 21.29
Claymore Exchange Trd Fd Tr gug bull2020 e 0.1 $2.7M 126k 21.50
Claymore Exchange Trd Fd Tr gug bull2018 e 0.1 $2.7M 127k 21.33
Gugenheim Bulletshares 2022 Corp Bd 0.1 $2.7M 127k 21.24
Claymore Exchange Trd Fd Tr gugg bulsh 2021 0.1 $2.7M 127k 21.29
Claymore Exchange Trd Fd Tr 2024 corp bond 0.1 $2.7M 129k 20.88
Gladstone Investment Corporation (GAIN) 0.1 $2.3M 310k 7.40
Haemonetics Corporation (HAE) 0.1 $2.2M 48k 44.92
Mueller Industries (MLI) 0.1 $2.0M 55k 36.12
Energy Select Sector SPDR (XLE) 0.1 $2.2M 28k 77.58
Materials SPDR (XLB) 0.1 $2.0M 41k 48.77
Cu (CULP) 0.1 $2.2M 81k 26.75
Ishares Tr 2017 s^p amtfr 0.1 $2.1M 38k 55.13
Ishares S&p Amt-free Municipal 0.1 $2.1M 82k 25.47
Cm Fin 0.1 $2.1M 156k 13.26
Rli (RLI) 0.1 $1.9M 37k 52.41
Franklin Electric (FELE) 0.1 $1.8M 48k 38.14
Forward Air Corporation 0.1 $2.0M 36k 54.30
John Bean Technologies Corporation (JBTM) 0.1 $1.9M 55k 35.73
MTS Systems Corporation 0.1 $1.8M 24k 75.65
Exponent (EXPO) 0.1 $1.9M 22k 88.91
Blackrock Kelso Capital 0.1 $1.7M 193k 9.06
Bank of Marin Ban (BMRC) 0.1 $1.8M 36k 50.90
Lance 0.1 $2.0M 62k 31.97
Solar Senior Capital 0.1 $1.9M 116k 16.11
Thermon Group Holdings (THR) 0.1 $1.8M 73k 24.07
Potbelly (PBPB) 0.1 $1.9M 141k 13.70
Bio-techne Corporation (TECH) 0.1 $1.8M 18k 100.29
Spdr S&p 500 Etf (SPY) 0.1 $1.6M 7.7k 206.42
Ritchie Bros. Auctioneers Inco 0.1 $1.7M 67k 24.94
Mohawk Industries (MHK) 0.1 $1.6M 8.4k 185.77
Varian Medical Systems 0.1 $1.7M 18k 94.11
Gladstone Commercial Corporation (GOOD) 0.1 $1.7M 90k 18.61
Gladstone Capital Corporation 0.1 $1.7M 194k 8.81
Raven Industries 0.1 $1.6M 76k 20.46
West Pharmaceutical Services (WST) 0.1 $1.5M 25k 60.20
Onebeacon Insurance Group Ltd Cl-a 0.1 $1.5M 97k 15.21
FEI Company 0.1 $1.5M 19k 76.33
Pennantpark Floating Rate Capi (PFLT) 0.1 $1.6M 113k 14.03
Alcentra Cap 0.1 $1.7M 127k 13.30
iShares S&P Natl AMTFr Mncpl Bd (MUB) 0.1 $1.4M 13k 110.58
Safeguard Scientifics 0.1 $1.3M 74k 18.08
Ishares 2020 Amt-free Muni Bond Etf 0.1 $1.4M 54k 25.39
Berkshire Hathaway (BRK.A) 0.0 $1.1M 5.00 217400.00
iShares Gold Trust 0.0 $1.0M 90k 11.45
I Shares 2019 Etf 0.0 $960k 38k 25.54
Halyard Health 0.0 $1.0M 21k 49.21
TICC Capital 0.0 $726k 105k 6.92
Capstead Mortgage Corporation 0.0 $641k 55k 11.76
iShares Russell 1000 Growth Index (IWF) 0.0 $529k 5.4k 98.88
iShares S&P 500 Growth Index (IVW) 0.0 $524k 4.6k 113.96
iShares S&P 500 Value Index (IVE) 0.0 $447k 4.8k 92.64
Manatuck Hill Mariner Offshore 0.0 $479k 3.2k 150.53
Harvest Cap Cr 0.0 $617k 48k 12.99
American Cap Sr Floating 0.0 $659k 50k 13.10
Compass Minerals International (CMP) 0.0 $370k 4.0k 93.29
Sociedad Quimica y Minera (SQM) 0.0 $238k 13k 18.25
Peabody Energy Corporation 0.0 $141k 29k 4.93
Agrium 0.0 $307k 2.9k 104.14
Potash Corp. Of Saskatchewan I 0.0 $338k 11k 32.22
Weyerhaeuser Company (WY) 0.0 $303k 9.1k 33.15
Anheuser-Busch InBev NV (BUD) 0.0 $328k 2.7k 121.93
EOG Resources (EOG) 0.0 $345k 3.8k 91.80
Franklin Street Properties (FSP) 0.0 $353k 28k 12.84
Pioneer Natural Resources 0.0 $213k 1.3k 163.34
CF Industries Holdings (CF) 0.0 $393k 1.4k 283.35
Concho Resources 0.0 $370k 3.2k 115.91
FMC Corporation (FMC) 0.0 $340k 5.9k 57.33
Royal Gold (RGLD) 0.0 $303k 4.8k 63.14
Cimarex Energy 0.0 $347k 3.0k 114.94
Cloud Peak Energy 0.0 $238k 41k 5.83
Silver Wheaton Corp 0.0 $344k 18k 19.00
Hallador Energy (HNRG) 0.0 $335k 29k 11.67
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.0 $296k 2.8k 105.56
SPDR Nvn Barclys Cptl Shrt Trm Mncpl Bnd 0.0 $285k 12k 24.28
Franco-Nevada Corporation (FNV) 0.0 $311k 6.4k 48.59
Saratoga Investment (SAR) 0.0 $237k 15k 15.87
Vanguard Equity Income Admiral (VEIRX) 0.0 $256k 3.9k 64.86
Mosaic (MOS) 0.0 $307k 6.7k 46.09
Tronox 0.0 $308k 15k 20.35
Dominion Diamond Corp foreign 0.0 $309k 18k 17.09
Gulf Coast Ultra Deep Royalty (GULTU) 0.0 $305k 429k 0.71
Glencore Xstrata (GLNCY) 0.0 $282k 33k 8.46
Eldorado Gold Corp 0.0 $111k 24k 4.61
Rubicon Minerals Corp 0.0 $106k 111k 0.95
Gabriel Technologies Corporation 0.0 $0 13k 0.00
Detour Gold Corporation 0.0 $128k 15k 8.53
Torex Gold Resources 0.0 $71k 88k 0.81
Teucrium Wheat Fund mutual fund 0.0 $110k 10k 10.88
Ares Coml Real Estate (ACRE) 0.0 $110k 10k 11.00