Confluence Investment Management

Confluence Investment Management as of June 30, 2015

Portfolio Holdings for Confluence Investment Management

Confluence Investment Management holds 242 positions in its portfolio as reported in the June 2015 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Pepsi (PEP) 2.4 $66M 711k 93.34
Johnson & Johnson (JNJ) 2.4 $65M 662k 97.46
Chevron Corporation (CVX) 1.9 $52M 542k 96.47
Northern Trust Corporation (NTRS) 1.9 $52M 677k 76.46
Microsoft Corporation (MSFT) 1.9 $51M 1.2M 44.15
Ares Capital Corporation (ARCC) 1.9 $51M 3.1M 16.46
Kraft Foods 1.8 $50M 590k 85.14
Diageo (DEO) 1.8 $49M 424k 116.04
Emerson Electric (EMR) 1.8 $49M 879k 55.43
3M Company (MMM) 1.7 $47M 306k 154.30
Gra (GGG) 1.7 $47M 666k 71.03
Colgate-Palmolive Company (CL) 1.7 $46M 709k 65.41
Martin Marietta Materials (MLM) 1.6 $45M 316k 141.51
Fnf (FNF) 1.6 $45M 1.2M 36.99
Kinder Morgan (KMI) 1.6 $44M 1.1M 38.39
Southern Company (SO) 1.6 $43M 1.0M 41.90
Broadridge Financial Solutions (BR) 1.6 $43M 864k 50.01
Linear Technology Corporation 1.6 $43M 970k 44.23
Praxair 1.6 $43M 357k 119.55
Progressive Corporation (PGR) 1.5 $41M 1.5M 27.83
Pfizer (PFE) 1.5 $41M 1.2M 33.53
General Electric Company 1.5 $40M 1.5M 26.57
Kohl's Corporation (KSS) 1.5 $40M 643k 62.61
Stryker Corporation (SYK) 1.4 $40M 416k 95.57
Iron Mountain (IRM) 1.4 $39M 1.3M 31.00
Digital Realty Trust (DLR) 1.4 $39M 584k 66.68
GlaxoSmithKline 1.4 $39M 934k 41.65
Fastenal Company (FAST) 1.4 $39M 926k 42.18
E.I. du Pont de Nemours & Company 1.4 $38M 592k 63.95
Rayonier (RYN) 1.4 $38M 1.5M 25.55
C.H. Robinson Worldwide (CHRW) 1.4 $37M 594k 62.39
Plum Creek Timber 1.3 $37M 902k 40.57
Markel Corporation (MKL) 1.3 $35M 44k 800.69
Express Scripts Holding 1.2 $33M 367k 88.94
Paychex (PAYX) 1.2 $32M 690k 46.88
Mattel (MAT) 1.1 $30M 1.2M 25.69
American International (AIG) 1.1 $30M 483k 61.82
American Express Company (AXP) 1.0 $27M 347k 77.72
Expeditors International of Washington (EXPD) 1.0 $27M 576k 46.11
Bed Bath & Beyond 1.0 $27M 385k 68.98
Discovery Communications 1.0 $27M 861k 31.08
TJX Companies (TJX) 0.9 $26M 394k 66.17
United Technologies Corporation 0.9 $25M 221k 110.93
Lowe's Companies (LOW) 0.8 $22M 334k 66.97
W.R. Berkley Corporation (WRB) 0.8 $22M 414k 51.93
MasterCard Incorporated (MA) 0.8 $21M 227k 93.48
Brown & Brown (BRO) 0.8 $21M 641k 32.86
Thermo Fisher Scientific (TMO) 0.7 $20M 157k 129.76
Illinois Tool Works (ITW) 0.7 $20M 219k 91.79
Wells Fargo & Company (WFC) 0.7 $19M 333k 56.24
iShares S&P MidCap 400 Growth (IJK) 0.7 $18M 109k 169.50
Berkshire Hathaway (BRK.B) 0.7 $18M 132k 136.11
iShares Russell Midcap Growth Idx. (IWP) 0.7 $18M 185k 96.85
Halliburton Company (HAL) 0.6 $16M 378k 43.07
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.6 $16M 137k 115.72
iShares S&P MidCap 400 Value Index (IJJ) 0.6 $16M 121k 128.96
Morningstar (MORN) 0.6 $15M 190k 79.55
Google Inc Class C 0.5 $14M 28k 520.50
Golub Capital BDC (GBDC) 0.4 $12M 734k 16.56
iShares Dow Jones US Technology (IYW) 0.4 $11M 108k 104.67
MSC Industrial Direct (MSM) 0.4 $11M 157k 69.77
Compagnie Fin Richemontag S (CFRUY) 0.4 $11M 1.4M 8.07
New Mountain Finance Corp (NMFC) 0.4 $11M 758k 14.49
re Max Hldgs Inc cl a (RMAX) 0.4 $11M 307k 35.51
Home Depot (HD) 0.4 $11M 97k 111.13
Vanguard Long Term Corporate Bond ETF (VCLT) 0.4 $11M 127k 85.31
iShares Barclays 20+ Yr Treas.Bond (TLT) 0.4 $10M 89k 117.53
PennantPark Investment (PNNT) 0.4 $10M 1.1M 8.78
THL Credit 0.4 $9.8M 849k 11.55
Tcp Capital 0.4 $9.8M 644k 15.29
Nike (NKE) 0.3 $9.2M 85k 108.02
Vanguard Intermediate Tm Cpte Bd ETF (VCIT) 0.3 $9.2M 108k 85.30
Ishares Tr 2023 invtgr bd 0.3 $9.0M 94k 95.79
SEI Investments Company (SEIC) 0.3 $8.5M 174k 49.03
Analog Devices (ADI) 0.3 $8.5M 133k 64.18
General Dynamics Corporation (GD) 0.3 $8.6M 60k 141.69
Triangle Capital Corporation 0.3 $8.6M 366k 23.44
Becton, Dickinson and (BDX) 0.3 $8.3M 59k 141.66
Novartis (NVS) 0.3 $7.9M 81k 98.34
Commerce Bancshares (CBSH) 0.3 $8.0M 171k 46.77
Nordstrom (JWN) 0.3 $7.8M 105k 74.50
Air Products & Chemicals (APD) 0.3 $7.7M 56k 136.83
Lockheed Martin Corporation (LMT) 0.3 $7.6M 41k 185.89
Clorox Company (CLX) 0.3 $7.7M 74k 104.01
Solar Cap (SLRC) 0.3 $7.7M 427k 18.00
Consumer Discretionary SPDR (XLY) 0.3 $7.8M 102k 76.48
iShares 10+ Year Credit Bond Fund ETF (IGLB) 0.3 $7.7M 134k 57.15
M&T Bank Corporation (MTB) 0.3 $7.4M 59k 124.94
Cullen/Frost Bankers (CFR) 0.3 $7.5M 96k 78.58
iShares Dow Jones US Financial (IYF) 0.3 $7.5M 84k 89.74
SPDR Barclay Cp Intr Trm Cr Bd (SPIB) 0.3 $7.4M 218k 33.97
Ishares Tr 2018 invtgr bd 0.3 $7.4M 75k 99.58
Chubb Corporation 0.3 $7.2M 76k 95.14
Ace Limited Cmn 0.3 $7.1M 70k 101.67
Donaldson Company (DCI) 0.3 $7.1M 199k 35.80
New Jersey Resources Corporation (NJR) 0.3 $7.1M 258k 27.55
Hercules Technology Growth Capital (HTGC) 0.3 $7.3M 628k 11.55
iShares Russell 2000 Growth Index (IWO) 0.3 $7.0M 45k 154.59
Market Vectors Long Municipal Index 0.3 $7.1M 372k 19.20
McDonald's Corporation (MCD) 0.2 $7.0M 74k 95.07
Health Care SPDR (XLV) 0.2 $6.9M 93k 74.42
T. Rowe Price (TROW) 0.2 $6.8M 88k 77.73
W.W. Grainger (GWW) 0.2 $6.9M 29k 236.66
Procter & Gamble Company (PG) 0.2 $7.0M 89k 78.24
Nestle SA Reg Shs. Ser. B Spons (NSRGY) 0.2 $7.0M 97k 72.16
Onebeacon Insurance Group Ltd Cl-a 0.2 $6.9M 475k 14.51
Triplepoint Venture Gr Bdc cs (TPVG) 0.2 $6.7M 500k 13.48
Occidental Petroleum Corporation (OXY) 0.2 $6.5M 84k 77.77
Piedmont Natural Gas Company 0.2 $6.7M 189k 35.31
Exxon Mobil Corporation (XOM) 0.2 $6.3M 75k 83.20
Google 0.2 $6.5M 12k 540.05
iShares Lehman 7-10 Yr Treas. Bond (IEF) 0.2 $6.2M 59k 105.01
iShares S&P SmallCap 600 Growth (IJT) 0.2 $6.4M 49k 131.00
Vanguard Small-Cap Growth ETF (VBK) 0.2 $6.3M 47k 134.23
Vanguard REIT ETF (VNQ) 0.2 $6.3M 85k 74.68
SPDR DJ Wilshire REIT (RWR) 0.2 $6.3M 75k 84.38
Ishares Corporate Bond Etf 202 0.2 $6.4M 61k 103.85
ConocoPhillips (COP) 0.2 $6.2M 101k 61.41
Medley Capital Corporation 0.2 $6.1M 685k 8.91
Marathon Oil Corporation (MRO) 0.2 $5.7M 216k 26.54
iShares FTSE NAREIT Resi Plus Capp (REZ) 0.2 $5.8M 103k 56.02
Cys Investments 0.2 $5.4M 697k 7.73
MDU Resources (MDU) 0.2 $5.1M 261k 19.53
Apollo Investment 0.2 $5.2M 741k 7.08
iShares Barclays Inter Crd Bd Fund ETF) (IGIB) 0.2 $5.1M 47k 108.86
Industrial SPDR (XLI) 0.2 $4.5M 84k 54.08
Ishares Tr 2020 invtgr bd 0.2 $4.6M 47k 98.14
Consumer Staples Select Sect. SPDR (XLP) 0.2 $4.4M 92k 47.60
iShares Russell 2000 Value Index (IWN) 0.1 $4.2M 41k 101.87
Patterson Companies (PDCO) 0.1 $3.9M 80k 48.65
Landstar System (LSTR) 0.1 $3.8M 57k 66.87
iShares iBoxx $ High Yid Corp Bond (HYG) 0.1 $3.7M 42k 88.80
iShares S&P SmallCap 600 Value Idx (IJS) 0.1 $4.0M 34k 117.76
SPDR Barclays Capital High Yield B 0.1 $3.8M 98k 38.43
Ofs Capital (OFS) 0.1 $3.9M 321k 12.00
Tpg Specialty Lnding Inc equity 0.1 $3.9M 232k 17.00
American Capital 0.1 $3.6M 269k 13.55
SPDR Nuveen Barclays Capital Municpl Bnd 0.1 $3.6M 152k 23.72
Annaly Capital Management 0.1 $3.4M 368k 9.19
Hatteras Financial 0.1 $3.2M 194k 16.30
Horizon Technology Fin (HRZN) 0.1 $3.3M 260k 12.68
Kcap Financial 0.1 $3.3M 551k 5.98
Fs Investment Corporation 0.1 $3.4M 343k 9.84
Stellus Capital Investment (SCM) 0.1 $3.1M 269k 11.40
iShares Lehman MBS Bond Fund (MBB) 0.1 $2.8M 26k 108.63
Main Street Capital Corporation (MAIN) 0.1 $2.7M 85k 31.91
Claymore Exchange-traded Fd gugg crp bd 2017 0.1 $2.8M 124k 22.75
Ishares Trust Barclays (GNMA) 0.1 $2.7M 55k 49.99
Claymore Exchange Trd Fd Tr gug bull2019 e 0.1 $2.8M 133k 21.07
Claymore Exchange Trd Fd Tr gug bull2020 e 0.1 $2.8M 132k 21.23
Claymore Exchange Trd Fd Tr gug bull2018 e 0.1 $2.8M 133k 21.26
Gugenheim Bulletshares 2022 Corp Bd 0.1 $2.8M 133k 20.65
Claymore Exchange Trd Fd Tr gugg bulsh 2021 0.1 $2.8M 133k 20.84
Claymore Exchange Trd Fd Tr 2024 corp bond 0.1 $2.7M 136k 19.99
VCA Antech 0.1 $2.4M 44k 54.40
Compass Diversified Holdings (CODI) 0.1 $2.6M 158k 16.40
Medallion Financial (MFIN) 0.1 $2.5M 303k 8.35
Cu (CULP) 0.1 $2.4M 79k 31.01
Ishares Tr 2017 s^p amtfr 0.1 $2.4M 88k 27.46
Ishares S&p Amt-free Municipal 0.1 $2.4M 95k 25.53
Energy Select Sector SPDR (XLE) 0.1 $2.2M 30k 75.16
Gladstone Investment Corporation (GAIN) 0.1 $2.3M 283k 7.95
Cm Fin 0.1 $2.1M 156k 13.61
Rli (RLI) 0.1 $1.9M 37k 51.39
Ritchie Bros. Auctioneers Inco 0.1 $1.8M 65k 27.93
Haemonetics Corporation (HAE) 0.1 $2.0M 49k 41.35
Forward Air Corporation (FWRD) 0.1 $2.0M 37k 52.27
Mueller Industries (MLI) 0.1 $1.9M 55k 34.73
Fifth Street Finance 0.1 $2.0M 305k 6.55
John Bean Technologies Corporation (JBT) 0.1 $2.0M 53k 37.59
Exponent (EXPO) 0.1 $1.9M 42k 44.77
FEI Company 0.1 $1.9M 23k 82.94
Bank of Marin Ban (BMRC) 0.1 $1.9M 36k 50.86
Lance 0.1 $2.0M 62k 32.26
Spdr S&p 500 Etf (SPY) 0.1 $1.7M 8.0k 205.93
Franklin Electric (FELE) 0.1 $1.6M 51k 32.34
Mohawk Industries (MHK) 0.1 $1.6M 8.1k 190.94
Precision Castparts 0.1 $1.8M 8.8k 199.82
Varian Medical Systems 0.1 $1.6M 19k 84.33
Gladstone Capital Corporation 0.1 $1.5M 194k 7.90
MTS Systems Corporation 0.1 $1.7M 25k 68.94
Raven Industries 0.1 $1.6M 77k 20.33
Blackrock Kelso Capital 0.1 $1.8M 193k 9.14
iShares S&P Natl AMTFr Mncpl Bd (MUB) 0.1 $1.6M 15k 108.24
Solar Senior Capital 0.1 $1.6M 104k 15.77
Thermon Group Holdings (THR) 0.1 $1.8M 74k 24.08
Potbelly (PBPB) 0.1 $1.7M 141k 12.25
Alcentra Cap 0.1 $1.7M 132k 12.70
Ishares 2020 Amt-free Muni Bond Etf 0.1 $1.6M 63k 25.25
Bio-techne Corporation (TECH) 0.1 $1.8M 18k 98.47
Gladstone Commercial Corporation (GOOD) 0.1 $1.5M 91k 16.57
West Pharmaceutical Services (WST) 0.1 $1.4M 25k 58.09
Halyard Health 0.1 $1.5M 36k 40.50
Berkshire Hathaway (BRK.A) 0.0 $1.0M 5.00 204800.00
TICC Capital 0.0 $1.1M 162k 6.72
Capstead Mortgage Corporation 0.0 $1.2M 109k 11.10
iShares Gold Trust 0.0 $1.1M 93k 11.34
Safeguard Scientifics 0.0 $1.1M 55k 19.45
Pennantpark Floating Rate Capi (PFLT) 0.0 $1.1M 83k 13.88
Stonecastle Finl (BANX) 0.0 $1.2M 70k 17.20
I Shares 2019 Etf 0.0 $1.1M 44k 25.35
Harvest Cap Cr 0.0 $715k 51k 14.04
Franklin Street Properties (FSP) 0.0 $424k 38k 11.31
CF Industries Holdings (CF) 0.0 $423k 6.6k 64.24
Materials SPDR (XLB) 0.0 $596k 12k 48.38
iShares Russell 1000 Growth Index (IWF) 0.0 $534k 5.4k 98.94
iShares S&P 500 Growth Index (IVW) 0.0 $529k 4.6k 113.89
iShares S&P 500 Value Index (IVE) 0.0 $450k 4.9k 92.19
American Cap Sr Floating 0.0 $640k 51k 12.64
Compass Minerals International (CMP) 0.0 $308k 3.8k 82.07
Sociedad Quimica y Minera (SQM) 0.0 $198k 12k 16.06
Eli Lilly & Co. (LLY) 0.0 $200k 2.4k 83.33
Agrium 0.0 $293k 2.8k 106.08
Potash Corp. Of Saskatchewan I 0.0 $320k 10k 30.99
Weyerhaeuser Company (WY) 0.0 $274k 8.7k 31.50
Anheuser-Busch InBev NV (BUD) 0.0 $325k 2.7k 120.82
EOG Resources (EOG) 0.0 $367k 4.2k 87.49
Concho Resources 0.0 $345k 3.0k 113.75
FMC Corporation (FMC) 0.0 $295k 5.6k 52.57
Royal Gold (RGLD) 0.0 $290k 4.7k 61.51
Cimarex Energy 0.0 $315k 2.9k 110.49
Cloud Peak Energy 0.0 $180k 39k 4.66
Silver Wheaton Corp 0.0 $298k 17k 17.31
iShares S&P SmallCap 600 Index (IJR) 0.0 $295k 2.5k 118.00
Hallador Energy (HNRG) 0.0 $226k 27k 8.32
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.0 $295k 2.8k 105.21
Franco-Nevada Corporation (FNV) 0.0 $299k 6.3k 47.66
Saratoga Investment (SAR) 0.0 $256k 15k 17.14
WisdomTree Japan Total Dividend (DXJ) 0.0 $206k 3.6k 57.11
Manatuck Hill Mariner Offshore 0.0 $381k 2.8k 135.39
Vanguard Equity Income Admiral (VEIRX) 0.0 $254k 4.0k 64.21
Detour Gold Corporation 0.0 $164k 14k 11.51
Mosaic (MOS) 0.0 $296k 6.3k 46.89
Tronox 0.0 $209k 14k 14.60
Dominion Diamond Corp foreign 0.0 $239k 17k 13.98
Gulf Coast Ultra Deep Royalty (GULTU) 0.0 $291k 416k 0.70
Glencore Xstrata (GLNCY) 0.0 $253k 32k 8.04
Peabody Energy Corporation 0.0 $59k 27k 2.18
Eldorado Gold Corp 0.0 $95k 23k 4.15
Rubicon Minerals Corp 0.0 $111k 106k 1.05
Torex Gold Resources 0.0 $74k 83k 0.90
Ares Coml Real Estate (ACRE) 0.0 $114k 10k 11.40