Confluence Investment Management

Confluence Investment Management as of Dec. 31, 2015

Portfolio Holdings for Confluence Investment Management

Confluence Investment Management holds 248 positions in its portfolio as reported in the December 2015 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Pepsi (PEP) 2.5 $78M 782k 99.92
Johnson & Johnson (JNJ) 2.5 $76M 738k 102.72
Microsoft Corporation (MSFT) 2.1 $64M 1.2M 55.48
Diageo (DEO) 2.1 $63M 580k 109.07
Chevron Corporation (CVX) 1.9 $59M 652k 89.96
Northern Trust Corporation (NTRS) 1.8 $55M 766k 72.09
3M Company (MMM) 1.8 $55M 362k 150.64
Paychex (PAYX) 1.8 $54M 1.0M 52.89
Ace Limited Cmn 1.7 $53M 456k 116.85
Southern Company (SO) 1.7 $53M 1.1M 46.79
Gra (GGG) 1.7 $53M 738k 72.07
Colgate-Palmolive Company (CL) 1.7 $52M 784k 66.62
General Electric Company 1.6 $50M 1.6M 31.15
Digital Realty Trust (DLR) 1.6 $50M 663k 75.62
Linear Technology Corporation 1.6 $50M 1.2M 42.47
Progressive Corporation (PGR) 1.6 $49M 1.5M 31.80
Kraft Heinz (KHC) 1.6 $49M 671k 72.76
Fnf (FNF) 1.6 $48M 1.4M 34.67
Ares Capital Corporation (ARCC) 1.5 $47M 3.3M 14.25
Stryker Corporation (SYK) 1.5 $46M 497k 92.94
Martin Marietta Materials (MLM) 1.5 $46M 336k 136.58
Broadridge Financial Solutions (BR) 1.5 $46M 850k 53.73
Markel Corporation (MKL) 1.5 $46M 52k 883.35
Kohl's Corporation (KSS) 1.4 $44M 924k 47.63
Plum Creek Timber 1.4 $44M 921k 47.72
Pfizer (PFE) 1.4 $43M 1.3M 32.28
E.I. du Pont de Nemours & Company 1.4 $43M 641k 66.60
GlaxoSmithKline 1.4 $43M 1.1M 40.35
Praxair 1.4 $42M 411k 102.40
Fastenal Company (FAST) 1.4 $41M 1.0M 40.82
American International (AIG) 1.3 $41M 655k 61.97
Express Scripts Holding 1.3 $41M 463k 87.41
C.H. Robinson Worldwide (CHRW) 1.3 $39M 627k 62.02
Iron Mountain (IRM) 1.2 $37M 1.4M 27.01
Mattel (MAT) 1.2 $37M 1.4M 27.17
Rayonier (RYN) 1.2 $36M 1.6M 22.20
Discovery Communications 1.1 $35M 1.4M 25.22
TJX Companies (TJX) 1.1 $34M 480k 70.91
MasterCard Incorporated (MA) 1.1 $33M 342k 97.36
Lowe's Companies (LOW) 0.9 $29M 381k 76.04
Expeditors International of Washington (EXPD) 0.9 $28M 628k 45.10
American Express Company (AXP) 0.9 $27M 391k 69.55
Brown & Brown (BRO) 0.9 $27M 848k 32.10
Illinois Tool Works (ITW) 0.9 $26M 284k 92.68
Thermo Fisher Scientific (TMO) 0.8 $25M 176k 141.85
W.R. Berkley Corporation (WRB) 0.8 $25M 453k 54.75
United Technologies Corporation 0.8 $24M 252k 96.07
Kinder Morgan (KMI) 0.8 $24M 1.6M 14.92
Bed Bath & Beyond 0.8 $24M 496k 48.25
Berkshire Hathaway (BRK.B) 0.7 $22M 167k 132.04
Alphabet Inc Class C cs (GOOG) 0.7 $22M 28k 758.89
Wells Fargo & Company (WFC) 0.7 $21M 393k 54.36
Morningstar (MORN) 0.7 $21M 258k 80.41
iShares S&P MidCap 400 Growth (IJK) 0.6 $19M 118k 160.96
iShares S&P MidCap 400 Value Index (IJJ) 0.6 $19M 159k 117.20
Compagnie Fin Richemontag S (CFRUY) 0.6 $18M 2.5M 7.12
iShares Barclays 20+ Yr Treas.Bond (TLT) 0.5 $16M 135k 120.58
re Max Hldgs Inc cl a (RMAX) 0.5 $16M 421k 37.30
Halliburton Company (HAL) 0.5 $15M 445k 34.04
Vanguard Long Term Corporate Bond ETF (VCLT) 0.5 $15M 181k 84.18
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.5 $14M 125k 114.01
MSC Industrial Direct (MSM) 0.5 $14M 246k 56.27
iShares Russell 3000 Value Index (IUSV) 0.4 $13M 101k 127.39
Golub Capital BDC (GBDC) 0.4 $13M 758k 16.63
iShares Dow Jones US Technology (IYW) 0.4 $13M 118k 107.03
Home Depot (HD) 0.4 $12M 92k 132.25
New Mountain Finance Corp (NMFC) 0.3 $11M 815k 13.02
Piedmont Natural Gas Company 0.3 $10M 183k 57.02
Clorox Company (CLX) 0.3 $9.7M 77k 126.84
Vanguard Intermediate Tm Cpte Bd ETF (VCIT) 0.3 $9.7M 116k 84.09
Ishares Tr 2023 invtgr bd 0.3 $9.8M 103k 94.80
SEI Investments Company (SEIC) 0.3 $9.4M 180k 52.40
Becton, Dickinson and (BDX) 0.3 $9.6M 62k 154.09
iShares Russell Midcap Growth Idx. (IWP) 0.3 $9.6M 104k 91.92
THL Credit 0.3 $9.3M 873k 10.70
iShares 10+ Year Credit Bond Fund ETF (IGLB) 0.3 $9.4M 169k 55.67
Tcp Capital 0.3 $9.4M 675k 13.93
McDonald's Corporation (MCD) 0.3 $9.3M 79k 118.14
New Jersey Resources Corporation (NJR) 0.3 $9.2M 278k 32.96
iShares Russell 2000 Value Index (IWN) 0.3 $9.1M 99k 91.94
Lockheed Martin Corporation (LMT) 0.3 $9.0M 41k 217.15
iShares Russell 2000 Growth Index (IWO) 0.3 $9.0M 65k 139.28
Consumer Discretionary SPDR (XLY) 0.3 $8.9M 114k 78.16
General Dynamics Corporation (GD) 0.3 $8.7M 63k 137.36
iShares S&P SmallCap 600 Growth (IJT) 0.3 $8.5M 69k 124.30
Market Vectors Long Municipal Index 0.3 $8.4M 424k 19.92
Alphabet Inc Class A cs (GOOGL) 0.3 $8.5M 11k 777.99
Solar Cap (SLRC) 0.3 $8.2M 501k 16.43
Commerce Bancshares (CBSH) 0.3 $8.2M 192k 42.54
Hercules Technology Growth Capital (HTGC) 0.3 $8.4M 689k 12.19
Ishares Tr 2018 invtgr bd 0.3 $8.1M 82k 98.99
Medtronic (MDT) 0.3 $8.2M 107k 76.92
Exxon Mobil Corporation (XOM) 0.3 $7.8M 101k 77.95
Analog Devices (ADI) 0.3 $7.9M 143k 55.32
Air Products & Chemicals (APD) 0.3 $7.9M 61k 130.10
Procter & Gamble Company (PG) 0.3 $8.0M 100k 79.41
Nestle SA Reg Shs. Ser. B Spons (NSRGY) 0.3 $7.8M 105k 74.42
Triangle Capital Corporation 0.3 $7.8M 410k 19.11
SPDR Barclay Cp Intr Trm Cr Bd (SPIB) 0.3 $8.0M 238k 33.43
M&T Bank Corporation (MTB) 0.2 $7.5M 62k 121.18
T. Rowe Price (TROW) 0.2 $7.7M 108k 71.49
Novartis (NVS) 0.2 $7.5M 88k 86.04
Nike (NKE) 0.2 $7.6M 121k 62.50
MDU Resources (MDU) 0.2 $7.4M 404k 18.32
Occidental Petroleum Corporation (OXY) 0.2 $7.4M 110k 67.61
iShares S&P SmallCap 600 Value Idx (IJS) 0.2 $7.4M 68k 108.16
Ishares Corporate Bond Etf 202 0.2 $7.0M 68k 103.87
PennantPark Investment (PNNT) 0.2 $6.8M 1.1M 6.18
iShares Lehman 7-10 Yr Treas. Bond (IEF) 0.2 $6.7M 64k 105.59
Vanguard Small-Cap Growth ETF (VBK) 0.2 $6.6M 54k 121.45
iShares FTSE NAREIT Resi Plus Capp (REZ) 0.2 $6.6M 104k 63.45
W.W. Grainger (GWW) 0.2 $6.6M 32k 202.58
Nordstrom (JWN) 0.2 $6.3M 127k 49.81
Donaldson Company (DCI) 0.2 $6.4M 225k 28.66
Cullen/Frost Bankers (CFR) 0.2 $6.2M 103k 60.00
Onebeacon Insurance Group Ltd Cl-a 0.2 $6.2M 499k 12.41
Triplepoint Venture Gr Bdc cs (TPVG) 0.2 $6.2M 517k 11.96
Chubb Corporation 0.2 $5.9M 44k 132.64
Tpg Specialty Lnding Inc equity 0.2 $5.4M 331k 16.22
American Capital 0.2 $5.2M 380k 13.79
iShares Dow Jones US Financial (IYF) 0.2 $5.2M 59k 88.39
Vanguard REIT ETF (VNQ) 0.2 $4.8M 61k 79.72
Cys Investments 0.2 $5.0M 697k 7.13
Ishares Tr 2020 invtgr bd 0.2 $5.0M 52k 97.42
Health Care SPDR (XLV) 0.1 $4.6M 64k 72.03
Industrial SPDR (XLI) 0.1 $4.6M 87k 53.01
Consumer Staples Select Sect. SPDR (XLP) 0.1 $4.6M 91k 50.49
Patterson Companies (PDCO) 0.1 $4.2M 94k 45.21
SPDR Nuveen Barclays Capital Municpl Bnd 0.1 $4.2M 173k 24.38
Medley Capital Corporation 0.1 $4.2M 557k 7.52
Ofs Capital (OFS) 0.1 $4.1M 360k 11.48
iShares Barclays Inter Crd Bd Fund ETF) (IGIB) 0.1 $4.1M 38k 107.28
Main Street Capital Corporation (MAIN) 0.1 $3.7M 127k 29.08
Fs Investment Corporation 0.1 $3.7M 408k 8.99
Landstar System (LSTR) 0.1 $3.5M 60k 58.65
Stellus Capital Investment (SCM) 0.1 $3.5M 361k 9.64
Annaly Capital Management 0.1 $3.0M 315k 9.38
Apollo Investment 0.1 $3.2M 605k 5.22
iShares Lehman MBS Bond Fund (MBB) 0.1 $3.1M 28k 107.71
Claymore Exchange-traded Fd gugg crp bd 2017 0.1 $3.1M 137k 22.52
Ishares Trust Barclays (GNMA) 0.1 $3.0M 61k 50.11
Claymore Exchange Trd Fd Tr gug bull2019 e 0.1 $3.1M 147k 20.86
Claymore Exchange Trd Fd Tr gug bull2020 e 0.1 $3.0M 145k 20.89
Claymore Exchange Trd Fd Tr gug bull2018 e 0.1 $3.1M 146k 21.02
Gugenheim Bulletshares 2022 Corp Bd 0.1 $3.0M 148k 20.29
Claymore Exchange Trd Fd Tr gugg bulsh 2021 0.1 $3.0M 147k 20.52
Claymore Exchange Trd Fd Tr 2024 corp bond 0.1 $3.0M 151k 19.77
VCA Antech 0.1 $2.7M 49k 55.00
Blackrock Kelso Capital 0.1 $2.7M 288k 9.40
Ishares Tr 2017 s^p amtfr 0.1 $2.7M 99k 27.35
Ishares S&p Amt-free Municipal 0.1 $2.7M 107k 25.52
FEI Company 0.1 $2.3M 29k 79.78
Hatteras Financial 0.1 $2.6M 194k 13.15
Goldmansachsbdc (GSBD) 0.1 $2.6M 135k 19.00
Precision Castparts 0.1 $2.1M 9.0k 231.99
Varian Medical Systems 0.1 $2.2M 27k 80.80
Compass Diversified Holdings (CODI) 0.1 $2.2M 138k 15.89
John Bean Technologies Corporation (JBT) 0.1 $2.1M 42k 49.83
National Interstate Corporation 0.1 $2.0M 75k 26.70
Bank of Marin Ban (BMRC) 0.1 $2.1M 39k 53.39
Lance 0.1 $2.3M 67k 34.30
Horizon Technology Fin (HRZN) 0.1 $2.1M 179k 11.73
Kcap Financial 0.1 $2.2M 536k 4.07
Alcentra Cap 0.1 $2.0M 177k 11.60
Spdr S&p 500 Etf (SPY) 0.1 $1.8M 8.7k 203.87
Haemonetics Corporation (HAE) 0.1 $1.7M 54k 32.23
Forward Air Corporation (FWRD) 0.1 $1.8M 42k 43.01
MTS Systems Corporation 0.1 $1.9M 30k 63.41
iShares S&P Natl AMTFr Mncpl Bd (MUB) 0.1 $1.8M 17k 110.70
iShares Dow Jones US Utilities (IDU) 0.1 $1.9M 18k 107.92
Hilton Worlwide Hldgs 0.1 $1.8M 84k 21.40
Potbelly (PBPB) 0.1 $1.9M 160k 11.71
Cm Fin 0.1 $1.8M 176k 10.02
Ishares 2020 Amt-free Muni Bond Etf 0.1 $1.8M 71k 25.54
Bio-techne Corporation (TECH) 0.1 $1.9M 21k 90.00
Halyard Health 0.1 $1.8M 54k 33.41
Franklin Electric (FELE) 0.1 $1.5M 56k 27.03
iShares Russell 1000 Value Index (IWD) 0.1 $1.5M 16k 97.86
iShares S&P 500 Index (IVV) 0.1 $1.7M 8.1k 204.93
Mueller Industries (MLI) 0.1 $1.6M 60k 27.11
Gladstone Commercial Corporation (GOOD) 0.1 $1.6M 108k 14.59
Energy Select Sector SPDR (XLE) 0.1 $1.7M 28k 60.33
TICC Capital 0.1 $1.6M 268k 6.08
West Pharmaceutical Services (WST) 0.1 $1.5M 24k 60.20
Exponent (EXPO) 0.1 $1.7M 33k 49.94
Solar Senior Capital 0.1 $1.4M 93k 14.90
Thermon Group Holdings (THR) 0.1 $1.4M 83k 16.92
D Tumi Holdings 0.1 $1.7M 99k 16.63
Raven Industries 0.0 $1.4M 87k 15.60
iShares Gold Trust 0.0 $1.1M 112k 10.23
Gladstone Investment Corporation (GAIN) 0.0 $1.1M 148k 7.67
I Shares 2019 Etf 0.0 $1.3M 49k 25.62
Ritchie Bros. Auctioneers Inco 0.0 $837k 35k 24.10
Berkshire Hathaway (BRK.A) 0.0 $989k 5.00 197800.00
Gladstone Capital Corporation (GLAD) 0.0 $943k 129k 7.31
Capstead Mortgage Corporation 0.0 $951k 109k 8.74
Medallion Financial (MFIN) 0.0 $904k 128k 7.04
Cu (CULP) 0.0 $1.1M 42k 25.48
Pennantpark Floating Rate Capi (PFLT) 0.0 $939k 84k 11.24
Kraft Foods 0.0 $1.1M 12k 88.19
Franklin Street Properties (FSP) 0.0 $621k 60k 10.35
iShares S&P 500 Growth Index (IVW) 0.0 $492k 4.2k 115.87
iShares S&P 500 Value Index (IVE) 0.0 $554k 6.3k 88.53
iShares iBoxx $ High Yid Corp Bond (HYG) 0.0 $550k 6.8k 80.65
Safeguard Scientifics 0.0 $653k 45k 14.51
SPDR Barclays Capital High Yield B 0.0 $538k 16k 33.90
Ssga Active Etf Tr incom allo etf (INKM) 0.0 $519k 18k 29.55
Harvest Cap Cr 0.0 $461k 39k 11.72
Chemours (CC) 0.0 $469k 87k 5.36
Eli Lilly & Co. (LLY) 0.0 $202k 2.4k 84.17
Polaris Industries (PII) 0.0 $228k 2.7k 85.78
V.F. Corporation (VFC) 0.0 $376k 6.0k 62.31
Vulcan Materials Company (VMC) 0.0 $204k 2.2k 94.84
Agrium 0.0 $234k 2.6k 89.52
Alcoa 0.0 $298k 30k 9.88
Weyerhaeuser Company (WY) 0.0 $317k 11k 29.99
Anheuser-Busch InBev NV (BUD) 0.0 $336k 2.7k 124.91
EOG Resources (EOG) 0.0 $280k 4.0k 70.78
FactSet Research Systems (FDS) 0.0 $305k 1.9k 162.58
Fifth Street Finance 0.0 $299k 47k 6.37
Pioneer Natural Resources (PXD) 0.0 $221k 1.8k 125.21
J.M. Smucker Company (SJM) 0.0 $334k 2.7k 123.20
CF Industries Holdings (CF) 0.0 $208k 5.1k 40.85
Concho Resources 0.0 $232k 2.5k 92.84
FMC Corporation (FMC) 0.0 $203k 5.2k 39.05
Cimarex Energy 0.0 $239k 2.7k 89.51
iShares Russell 1000 Growth Index (IWF) 0.0 $346k 3.5k 99.45
Silver Wheaton Corp 0.0 $248k 20k 12.42
iShares S&P SmallCap 600 Index (IJR) 0.0 $273k 2.5k 110.08
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.0 $244k 2.3k 104.72
Vanguard European ETF (VGK) 0.0 $202k 4.1k 49.88
Franco-Nevada Corporation (FNV) 0.0 $266k 5.8k 45.67
Manatuck Hill Mariner Offshore 0.0 $375k 2.8k 133.31
Vanguard Equity Income Admiral (VEIRX) 0.0 $238k 3.8k 61.88
First Tr Exch Trd Alphadex mid cp gr alph (FNY) 0.0 $357k 12k 28.83
First Tr Exch Trd Alphadex sml cp grw a (FYC) 0.0 $267k 8.8k 30.46
First Tr Mid Cap Val Etf equity (FNK) 0.0 $222k 8.4k 26.47
American Cap Sr Floating 0.0 $173k 18k 9.84
iShares MSCI Japan Index 0.0 $130k 11k 12.10
Eldorado Gold Corp 0.0 $82k 28k 2.97
Seabridge Gold (SA) 0.0 $97k 12k 8.28
Franklin Cust Fds Incm Fd Cl A (FKINX) 0.0 $142k 68k 2.10
Detour Gold Corporation 0.0 $140k 13k 10.42
Torex Gold Resources 0.0 $72k 79k 0.91
Franklin High Income Tr fd cl a (FHAIX) 0.0 $58k 35k 1.65
Sandstorm Gold (SAND) 0.0 $148k 56k 2.63
Glencore Xstrata (GLNCY) 0.0 $83k 32k 2.64
Temple Glb Bal A mutual fund 0.0 $107k 38k 2.79