Confluence Investment Management

Confluence Investment Management as of March 31, 2016

Portfolio Holdings for Confluence Investment Management

Confluence Investment Management holds 231 positions in its portfolio as reported in the March 2016 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Pepsi (PEP) 2.5 $84M 818k 102.48
Johnson & Johnson (JNJ) 2.5 $84M 773k 108.20
Chevron Corporation (CVX) 2.1 $69M 727k 95.40
Diageo (DEO) 2.0 $67M 619k 107.87
Microsoft Corporation (MSFT) 2.0 $66M 1.2M 55.23
Gra (GGG) 1.9 $64M 764k 83.96
3M Company (MMM) 1.9 $62M 374k 166.63
Southern Company (SO) 1.8 $60M 1.2M 51.73
Chubb (CB) 1.8 $59M 495k 119.15
Paychex (PAYX) 1.8 $59M 1.1M 54.01
Colgate-Palmolive Company (CL) 1.8 $58M 825k 70.65
Martin Marietta Materials (MLM) 1.7 $56M 352k 159.51
Stryker Corporation (SYK) 1.7 $56M 520k 107.29
Linear Technology Corporation 1.7 $56M 1.3M 44.56
Progressive Corporation (PGR) 1.6 $54M 1.5M 35.14
Kraft Heinz (KHC) 1.6 $54M 687k 78.56
Northern Trust Corporation (NTRS) 1.6 $53M 817k 65.17
Ares Capital Corporation (ARCC) 1.6 $53M 3.6M 14.84
General Electric Company 1.6 $52M 1.6M 31.79
Praxair 1.6 $52M 453k 114.45
Weyerhaeuser Company (WY) 1.5 $51M 1.7M 30.98
Fastenal Company (FAST) 1.5 $51M 1.0M 49.00
Iron Mountain (IRM) 1.5 $51M 1.5M 33.91
Fnf (FNF) 1.5 $50M 1.5M 33.90
Broadridge Financial Solutions (BR) 1.5 $50M 843k 59.31
GlaxoSmithKline 1.4 $48M 1.2M 40.55
C.H. Robinson Worldwide (CHRW) 1.4 $48M 649k 74.23
Mattel (MAT) 1.4 $48M 1.4M 33.62
Markel Corporation (MKL) 1.4 $48M 53k 891.57
E.I. du Pont de Nemours & Company 1.4 $46M 728k 63.32
Kohl's Corporation (KSS) 1.4 $46M 985k 46.61
Rayonier (RYN) 1.4 $46M 1.9M 24.68
Digital Realty Trust (DLR) 1.3 $44M 501k 88.49
Pfizer (PFE) 1.3 $43M 1.4M 29.64
Discovery Communications 1.2 $41M 1.5M 27.00
American International (AIG) 1.1 $38M 705k 54.05
TJX Companies (TJX) 1.1 $37M 477k 78.35
Kinder Morgan (KMI) 1.1 $36M 2.0M 17.86
MasterCard Incorporated (MA) 1.0 $35M 367k 94.50
Express Scripts Holding 1.0 $35M 502k 68.69
Brown & Brown (BRO) 1.0 $33M 907k 35.80
Expeditors International of Washington (EXPD) 1.0 $32M 656k 48.81
Lowe's Companies (LOW) 0.9 $31M 406k 75.75
Illinois Tool Works (ITW) 0.9 $30M 291k 102.44
Bed Bath & Beyond 0.9 $29M 578k 49.64
iShares Barclays 20+ Yr Treas.Bond (TLT) 0.8 $28M 215k 130.61
United Technologies Corporation 0.8 $28M 275k 100.10
American Express Company (AXP) 0.8 $27M 435k 61.40
W.R. Berkley Corporation (WRB) 0.8 $27M 471k 56.20
Thermo Fisher Scientific (TMO) 0.8 $26M 183k 141.59
Berkshire Hathaway (BRK.B) 0.8 $25M 177k 141.88
Morningstar (MORN) 0.7 $24M 276k 88.27
iShares S&P MidCap 400 Value Index (IJJ) 0.7 $22M 176k 124.04
Alphabet Inc Class C cs (GOOG) 0.6 $22M 29k 744.95
MSC Industrial Direct (MSM) 0.6 $21M 273k 76.31
iShares S&P MidCap 400 Growth (IJK) 0.6 $21M 127k 162.61
Wells Fargo & Company (WFC) 0.6 $21M 424k 48.36
Compagnie Fin Richemontag S (CFRUY) 0.6 $19M 2.9M 6.60
Halliburton Company (HAL) 0.6 $18M 513k 35.72
iShares Lehman 7-10 Yr Treas. Bond (IEF) 0.5 $18M 160k 110.34
Vanguard Long Term Corporate Bond ETF (VCLT) 0.5 $17M 193k 89.45
re Max Hldgs Inc cl a (RMAX) 0.5 $16M 456k 34.30
Golub Capital BDC (GBDC) 0.4 $13M 762k 17.31
iShares Dow Jones US Technology (IYW) 0.4 $13M 120k 108.50
Home Depot (HD) 0.4 $13M 96k 133.43
Ishares Tr 2023 invtgr bd 0.3 $11M 111k 98.55
Polaris Industries (PII) 0.3 $11M 108k 98.48
iShares 10+ Year Credit Bond Fund ETF (IGLB) 0.3 $11M 181k 59.28
McDonald's Corporation (MCD) 0.3 $10M 82k 125.68
New Jersey Resources Corporation (NJR) 0.3 $10M 285k 36.43
Market Vectors Long Municipal Index 0.3 $10M 506k 20.29
New Mountain Finance Corp (NMFC) 0.3 $10M 817k 12.64
Becton, Dickinson and (BDX) 0.3 $9.9M 65k 151.82
Clorox Company (CLX) 0.3 $10M 79k 126.07
iShares Russell Midcap Growth Idx. (IWP) 0.3 $10M 109k 92.16
Tcp Capital 0.3 $10M 677k 14.91
Lockheed Martin Corporation (LMT) 0.3 $9.8M 44k 221.50
THL Credit 0.3 $9.7M 896k 10.83
Air Products & Chemicals (APD) 0.3 $9.3M 64k 144.05
iShares Russell 2000 Growth Index (IWO) 0.3 $9.3M 70k 132.60
Consumer Discretionary SPDR (XLY) 0.3 $9.4M 119k 79.10
Exxon Mobil Corporation (XOM) 0.3 $9.0M 108k 83.59
Analog Devices (ADI) 0.3 $9.0M 152k 59.19
MDU Resources (MDU) 0.3 $8.9M 459k 19.46
Solar Cap (SLRC) 0.3 $8.9M 514k 17.28
Commerce Bancshares (CBSH) 0.3 $9.1M 203k 44.95
iShares Russell 2000 Value Index (IWN) 0.3 $9.1M 97k 93.18
iShares S&P SmallCap 600 Growth (IJT) 0.3 $8.9M 72k 124.20
Occidental Petroleum Corporation (OXY) 0.3 $8.5M 125k 68.43
Procter & Gamble Company (PG) 0.3 $8.8M 107k 82.31
General Dynamics Corporation (GD) 0.3 $8.8M 67k 131.36
Triangle Capital Corporation 0.3 $8.7M 421k 20.58
SPDR Barclay Cp Intr Trm Cr Bd (SPIB) 0.3 $8.7M 253k 34.27
Ishares Tr 2018 invtgr bd 0.3 $8.6M 87k 99.17
SEI Investments Company (SEIC) 0.2 $8.3M 193k 43.05
T. Rowe Price (TROW) 0.2 $8.5M 115k 73.46
W.W. Grainger (GWW) 0.2 $8.3M 35k 233.42
Nike (NKE) 0.2 $8.2M 134k 61.47
Nestle SA Reg Shs. Ser. B Spons (NSRGY) 0.2 $8.4M 112k 74.61
Hercules Technology Growth Capital (HTGC) 0.2 $8.3M 689k 12.01
iShares S&P SmallCap 600 Value Idx (IJS) 0.2 $8.4M 74k 113.32
Medtronic (MDT) 0.2 $8.5M 113k 75.00
Nordstrom 0.2 $7.9M 139k 57.21
Donaldson Company (DCI) 0.2 $8.0M 251k 31.91
Alphabet Inc Class A cs (GOOGL) 0.2 $8.1M 11k 762.93
M&T Bank Corporation (MTB) 0.2 $7.7M 69k 111.01
Ishares Corporate Bond Etf 202 0.2 $7.6M 72k 105.77
Novartis (NVS) 0.2 $6.9M 95k 72.44
Vanguard Small-Cap Growth ETF (VBK) 0.2 $7.0M 59k 119.00
Consumer Staples Select Sect. SPDR (XLP) 0.2 $6.6M 124k 53.06
Triplepoint Venture Gr Bdc cs (TPVG) 0.2 $6.8M 647k 10.50
Cullen/Frost Bankers (CFR) 0.2 $6.2M 113k 55.11
Piedmont Natural Gas Company 0.2 $6.4M 107k 59.83
Onebeacon Insurance Group Ltd Cl-a 0.2 $6.3M 491k 12.73
iShares Lehman MBS Bond Fund (MBB) 0.2 $6.5M 59k 109.48
iShares FTSE NAREIT Resi Plus Capp (REZ) 0.2 $5.9M 90k 65.98
PennantPark Investment (PNNT) 0.2 $5.6M 916k 6.06
Cys Investments 0.2 $5.7M 699k 8.14
Ishares Tr 2020 invtgr bd 0.2 $5.4M 55k 99.24
Tpg Specialty Lnding Inc equity 0.2 $5.3M 331k 16.13
Patterson Companies (PDCO) 0.1 $4.9M 106k 46.53
Industrial SPDR (XLI) 0.1 $5.0M 90k 55.47
American Capital 0.1 $5.1M 333k 15.24
Vanguard REIT ETF (VNQ) 0.1 $5.0M 60k 83.80
iShares Dow Jones US Financial (IYF) 0.1 $5.2M 61k 84.60
Ofs Capital (OFS) 0.1 $4.7M 364k 12.95
Spdr Nuveen Barclays Muni Bond Etf nuvn brcly muni (TFI) 0.1 $4.8M 98k 49.34
Landstar System (LSTR) 0.1 $4.2M 65k 64.61
iShares Barclays Inter Crd Bd Fund ETF) (IGIB) 0.1 $4.5M 41k 109.69
Main Street Capital Corporation (MAIN) 0.1 $4.0M 127k 31.35
Stellus Capital Investment (SCM) 0.1 $4.0M 387k 10.22
Health Care SPDR (XLV) 0.1 $3.8M 56k 67.78
iShares Dow Jones US Utilities (IDU) 0.1 $3.8M 31k 123.68
Medley Capital Corporation 0.1 $3.7M 557k 6.60
Fs Investment Corporation 0.1 $3.7M 408k 9.17
Annaly Capital Management 0.1 $3.3M 317k 10.26
Claymore Exchange Trd Fd Tr gug bull2019 e 0.1 $3.3M 154k 21.22
Claymore Exchange Trd Fd Tr gug bull2020 e 0.1 $3.3M 153k 21.40
Claymore Exchange Trd Fd Tr gug bull2018 e 0.1 $3.2M 153k 21.12
Gugenheim Bulletshares 2022 Corp Bd 0.1 $3.3M 157k 21.05
Claymore Exchange Trd Fd Tr gugg bulsh 2021 0.1 $3.3M 156k 21.11
Claymore Exchange Trd Fd Tr 2024 corp bond 0.1 $3.3M 161k 20.63
Goldmansachsbdc (GSBD) 0.1 $3.3M 168k 19.60
Apollo Investment 0.1 $3.1M 552k 5.55
FEI Company 0.1 $2.9M 32k 89.01
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.1 $3.0M 25k 118.83
iShares Lehman 3-7 Yr Treasury Bond (IEI) 0.1 $3.2M 25k 125.97
Ishares Tr ibonds dec 22 0.1 $3.2M 121k 26.05
VCA Antech 0.1 $2.8M 48k 57.69
Blackrock Kelso Capital 0.1 $2.7M 288k 9.41
Hatteras Financial 0.1 $2.8M 196k 14.30
Varian Medical Systems 0.1 $2.5M 31k 80.02
John Bean Technologies Corporation (JBTM) 0.1 $2.3M 41k 56.40
National Interstate Corporation 0.1 $2.2M 74k 29.92
Vanguard Intermediate Tm Cpte Bd ETF (VCIT) 0.1 $2.2M 25k 86.95
Hilton Worlwide Hldgs 0.1 $2.3M 104k 22.52
Potbelly (PBPB) 0.1 $2.2M 165k 13.61
Alcentra Cap 0.1 $2.2M 189k 11.63
Black Knight Finl Svcs Inc cl a 0.1 $2.4M 77k 31.03
Spdr S&p 500 Etf (SPY) 0.1 $1.9M 9.4k 205.51
Franklin Electric (FELE) 0.1 $1.9M 58k 32.16
Haemonetics Corporation (HAE) 0.1 $2.0M 57k 34.97
Forward Air Corporation 0.1 $1.9M 43k 45.31
Mueller Industries (MLI) 0.1 $1.9M 64k 29.42
Compass Diversified Holdings (CODI) 0.1 $2.2M 138k 15.65
MTS Systems Corporation 0.1 $1.9M 32k 60.84
iShares S&P Natl AMTFr Mncpl Bd (MUB) 0.1 $2.1M 19k 111.66
Bank of Marin Ban (BMRC) 0.1 $2.0M 40k 49.22
Lance 0.1 $2.1M 67k 31.49
Horizon Technology Fin (HRZN) 0.1 $2.1M 179k 11.61
Ishares 2020 Amt-free Muni Bond Etf 0.1 $2.1M 82k 25.76
Bio-techne Corporation (TECH) 0.1 $2.1M 22k 94.52
Ishares Tr ibonds dec 21 0.1 $2.1M 81k 25.87
Gladstone Commercial Corporation (GOOD) 0.1 $1.8M 112k 16.38
Raven Industries 0.1 $1.6M 100k 16.02
Advisory Board Company 0.1 $1.5M 48k 32.26
Exponent (EXPO) 0.1 $1.7M 34k 51.00
Thermon Group Holdings (THR) 0.1 $1.6M 92k 17.56
Pennantpark Floating Rate Capi (PFLT) 0.1 $1.8M 151k 11.70
Cm Fin 0.1 $1.6M 196k 8.40
Halyard Health 0.1 $1.7M 59k 28.73
TICC Capital 0.0 $1.4M 299k 4.80
iShares Gold Trust 0.0 $1.3M 109k 11.88
Kcap Financial 0.0 $1.2M 341k 3.60
I Shares 2019 Etf 0.0 $1.5M 57k 25.69
Berkshire Hathaway (BRK.A) 0.0 $1.1M 5.00 213400.00
Capstead Mortgage Corporation 0.0 $1.1M 111k 9.89
Natus Medical 0.0 $1.0M 27k 38.43
Cu (CULP) 0.0 $1.1M 41k 26.21
Gladstone Investment Corporation (GAIN) 0.0 $1.0M 143k 7.02
D Tumi Holdings 0.0 $968k 36k 26.83
Franklin Street Properties (FSP) 0.0 $637k 60k 10.62
Gladstone Capital Corporation 0.0 $738k 99k 7.45
RBC Bearings Incorporated (RBC) 0.0 $661k 9.0k 73.24
Medallion Financial (MFIN) 0.0 $769k 83k 9.23
Chemours (CC) 0.0 $568k 81k 7.00
Vulcan Materials Company (VMC) 0.0 $219k 2.1k 105.59
Agrium 0.0 $225k 2.5k 88.48
Alcoa 0.0 $279k 29k 9.59
iShares S&P 500 Index (IVV) 0.0 $221k 1.1k 206.35
Anheuser-Busch InBev NV (BUD) 0.0 $335k 2.7k 124.54
EOG Resources (EOG) 0.0 $280k 3.9k 72.65
Fifth Street Finance 0.0 $235k 47k 5.01
Pioneer Natural Resources 0.0 $240k 1.7k 141.01
Concho Resources 0.0 $245k 2.4k 101.24
FMC Corporation (FMC) 0.0 $205k 5.1k 40.43
Royal Gold (RGLD) 0.0 $230k 4.5k 51.34
Cimarex Energy 0.0 $252k 2.6k 97.41
iShares Russell 1000 Growth Index (IWF) 0.0 $246k 2.5k 99.68
iShares S&P 500 Growth Index (IVW) 0.0 $345k 3.0k 115.81
iShares S&P 500 Value Index (IVE) 0.0 $406k 4.5k 89.88
Silver Wheaton Corp 0.0 $320k 19k 16.57
iShares S&P SmallCap 600 Index (IJR) 0.0 $279k 2.5k 112.50
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.0 $246k 2.3k 105.58
Vanguard European ETF (VGK) 0.0 $208k 4.3k 48.53
Franco-Nevada Corporation (FNV) 0.0 $346k 5.6k 61.39
Manatuck Hill Mariner Offshore 0.0 $374k 2.8k 132.95
Vanguard Equity Income Admiral (VEIRX) 0.0 $233k 3.7k 63.82
Detour Gold Corporation 0.0 $204k 13k 15.74
First Tr Exch Trd Alphadex mid cp gr alph (FNY) 0.0 $356k 12k 28.84
First Tr Exch Trd Alphadex sml cp grw a (FYC) 0.0 $263k 8.7k 30.09
First Tr Mid Cap Val Etf equity (FNK) 0.0 $262k 9.3k 28.21
Sandstorm Gold (SAND) 0.0 $178k 54k 3.28
Harvest Cap Cr 0.0 $203k 17k 12.16
American Cap Sr Floating 0.0 $174k 17k 10.05
iShares MSCI Japan Index 0.0 $130k 11k 11.42
Eldorado Gold Corp 0.0 $84k 27k 3.15
Seabridge Gold (SA) 0.0 $124k 11k 10.99
Torex Gold Resources 0.0 $106k 76k 1.39
Glencore Xstrata (GLNCY) 0.0 $141k 32k 4.46
California Resources 0.0 $11k 11k 1.05