Confluence Investment Management

Confluence Investment Management as of Sept. 30, 2016

Portfolio Holdings for Confluence Investment Management

Confluence Investment Management holds 223 positions in its portfolio as reported in the September 2016 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Johnson & Johnson (JNJ) 2.7 $104M 880k 118.13
Pepsi (PEP) 2.7 $103M 945k 108.77
Diageo (DEO) 2.1 $81M 697k 116.04
Linear Technology Corporation 2.0 $79M 1.3M 59.29
Microsoft Corporation (MSFT) 2.0 $78M 1.4M 57.60
Chubb (CB) 1.9 $74M 586k 125.65
Chevron Corporation (CVX) 1.8 $71M 687k 102.92
3M Company (MMM) 1.8 $70M 398k 176.23
Paychex (PAYX) 1.8 $68M 1.2M 57.87
Northern Trust Corporation (NTRS) 1.8 $67M 984k 67.99
Colgate-Palmolive Company (CL) 1.8 $67M 907k 74.14
Praxair 1.7 $67M 552k 120.83
Southern Company (SO) 1.7 $67M 1.3M 51.30
Kraft Heinz (KHC) 1.7 $65M 731k 89.51
Ares Capital Corporation (ARCC) 1.7 $65M 4.2M 15.50
Stryker Corporation (SYK) 1.7 $65M 555k 116.41
Fnf (FNF) 1.7 $65M 1.8M 36.91
Fastenal Company (FAST) 1.6 $63M 1.5M 41.78
Weyerhaeuser Company (WY) 1.6 $63M 2.0M 31.94
Gra (GGG) 1.6 $63M 847k 74.00
Progressive Corporation (PGR) 1.6 $62M 2.0M 31.50
Iron Mountain (IRM) 1.6 $62M 1.7M 37.53
Kinder Morgan (KMI) 1.6 $61M 2.6M 23.13
GlaxoSmithKline 1.6 $61M 1.4M 43.13
Rayonier (RYN) 1.6 $59M 2.2M 26.54
Broadridge Financial Solutions (BR) 1.5 $59M 867k 67.79
Pfizer (PFE) 1.5 $58M 1.7M 33.87
Martin Marietta Materials (MLM) 1.5 $58M 325k 179.11
E.I. du Pont de Nemours & Company 1.4 $56M 828k 66.97
Kohl's Corporation (KSS) 1.4 $55M 1.3M 43.75
Markel Corporation (MKL) 1.4 $52M 56k 928.77
General Electric Company 1.4 $52M 1.8M 29.62
C.H. Robinson Worldwide (CHRW) 1.4 $52M 741k 70.46
American International (AIG) 1.3 $51M 863k 59.34
Nxp Semiconductors N V (NXPI) 1.2 $48M 468k 102.01
Discovery Communications 1.2 $46M 1.8M 26.31
Lowe's Companies (LOW) 1.1 $43M 599k 72.21
MasterCard Incorporated (MA) 1.1 $43M 423k 101.77
TJX Companies (TJX) 1.0 $39M 522k 74.78
Compagnie Fin Richemontag S (CFRUY) 1.0 $39M 6.4M 6.11
Mattel (MAT) 1.0 $38M 1.2M 30.28
Illinois Tool Works (ITW) 0.9 $34M 284k 119.84
American Express Company (AXP) 0.9 $33M 516k 64.04
Digital Realty Trust (DLR) 0.8 $32M 329k 97.12
Thermo Fisher Scientific (TMO) 0.8 $32M 199k 159.06
Bed Bath & Beyond 0.8 $31M 723k 43.11
United Technologies Corporation 0.8 $30M 297k 101.60
W.R. Berkley Corporation (WRB) 0.8 $30M 511k 57.76
Berkshire Hathaway (BRK.B) 0.8 $29M 199k 144.47
Advisory Board Company 0.7 $28M 630k 44.74
Allergan 0.7 $26M 114k 230.31
iShares Barclays 20+ Yr Treas.Bond (TLT) 0.7 $26M 189k 137.51
Schlumberger (SLB) 0.7 $26M 326k 78.64
Alphabet Inc Class C cs (GOOG) 0.7 $25M 33k 777.30
Express Scripts Holding 0.6 $25M 347k 70.53
Brown & Brown (BRO) 0.6 $24M 632k 37.71
iShares Lehman 7-10 Yr Treas. Bond (IEF) 0.6 $22M 200k 111.88
MSC Industrial Direct (MSM) 0.5 $19M 264k 73.41
re Max Hldgs Inc cl a (RMAX) 0.5 $20M 449k 43.78
Golub Capital BDC (GBDC) 0.4 $15M 785k 18.57
Ishares Tr 2023 invtgr bd 0.4 $14M 570k 25.20
Home Depot (HD) 0.3 $14M 105k 128.68
MTS Systems Corporation 0.3 $13M 290k 46.03
Becton, Dickinson and (BDX) 0.3 $13M 70k 179.73
Morningstar (MORN) 0.3 $12M 154k 79.27
Tcp Capital 0.3 $12M 746k 16.38
Expeditors International of Washington (EXPD) 0.3 $12M 228k 51.52
MDU Resources (MDU) 0.3 $12M 463k 25.44
General Dynamics Corporation (GD) 0.3 $12M 76k 155.16
Analog Devices (ADI) 0.3 $11M 177k 64.45
Lockheed Martin Corporation (LMT) 0.3 $11M 47k 239.72
Commerce Bancshares (CBSH) 0.3 $11M 230k 49.26
SPDR Barclay Cp Intr Trm Cr Bd (SPIB) 0.3 $11M 327k 34.91
New Mountain Finance Corp (NMFC) 0.3 $11M 831k 13.76
Medtronic (MDT) 0.3 $11M 131k 86.40
Exxon Mobil Corporation (XOM) 0.3 $11M 125k 87.28
Air Products & Chemicals (APD) 0.3 $11M 74k 150.34
Procter & Gamble Company (PG) 0.3 $11M 123k 89.75
Starbucks Corporation (SBUX) 0.3 $11M 205k 54.14
Clorox Company (CLX) 0.3 $11M 88k 125.18
Ishares Tr 2018 invtgr bd 0.3 $11M 452k 24.79
McDonald's Corporation (MCD) 0.3 $11M 92k 115.36
Solar Cap (SLRC) 0.3 $11M 528k 20.52
Donaldson Company (DCI) 0.3 $11M 292k 37.33
Vaneck Vectors Etf Tr amt free long mu (MLN) 0.3 $11M 516k 20.81
Occidental Petroleum Corporation (OXY) 0.3 $10M 143k 72.92
Nestle SA Reg Shs. Ser. B Spons (NSRGY) 0.3 $10M 132k 78.96
New Jersey Resources Corporation (NJR) 0.3 $11M 319k 32.86
SEI Investments Company (SEIC) 0.3 $10M 222k 45.61
Hercules Technology Growth Capital (HTGC) 0.3 $9.8M 724k 13.56
THL Credit 0.3 $9.9M 1.0M 9.53
Ishares Corporate Bond Etf 202 0.3 $10M 370k 27.21
M&T Bank Corporation (MTB) 0.2 $9.6M 83k 116.10
Polaris Industries (PII) 0.2 $9.5M 123k 77.44
Cullen/Frost Bankers (CFR) 0.2 $9.0M 125k 71.94
T. Rowe Price (TROW) 0.2 $9.0M 136k 66.50
W.W. Grainger (GWW) 0.2 $9.4M 42k 224.84
Nordstrom (JWN) 0.2 $9.2M 178k 51.88
Novartis (NVS) 0.2 $9.1M 116k 78.96
Triangle Capital Corporation 0.2 $9.1M 460k 19.70
Nike (NKE) 0.2 $8.5M 162k 52.65
iShares Lehman MBS Bond Fund (MBB) 0.2 $8.5M 77k 110.09
Triplepoint Venture Gr Bdc cs (TPVG) 0.2 $7.9M 745k 10.60
Alphabet Inc Class A cs (GOOGL) 0.2 $7.9M 9.8k 804.02
iShares S&P MidCap 400 Value Index (IJJ) 0.2 $7.3M 55k 133.00
Spdr Nuveen Barclays Muni Bond Etf nuvn brcly muni (TFI) 0.2 $7.4M 147k 50.08
PennantPark Investment (PNNT) 0.2 $6.9M 912k 7.52
iShares Dow Jones US Technology (IYW) 0.2 $7.0M 59k 119.01
Cys Investments 0.2 $6.8M 774k 8.72
Ishares Tr 2020 invtgr bd 0.2 $7.0M 282k 24.93
Tpg Specialty Lnding Inc equity 0.2 $7.0M 389k 18.11
Vanguard Long Term Corporate Bond ETF (VCLT) 0.2 $6.5M 68k 95.70
Patterson Companies (PDCO) 0.1 $5.9M 128k 45.94
American Capital 0.1 $5.9M 348k 16.91
iShares S&P MidCap 400 Growth (IJK) 0.1 $5.6M 32k 174.73
iShares Barclays Inter Crd Bd Fund ETF) (IGIB) 0.1 $5.8M 52k 111.35
iShares Russell 2000 Value Index (IWN) 0.1 $5.5M 52k 104.75
iShares Russell Midcap Growth Idx. (IWP) 0.1 $5.2M 53k 97.37
iShares FTSE NAREIT Resi Plus Capp (REZ) 0.1 $5.5M 85k 65.52
Ishares Tr ibonds dec 22 0.1 $5.2M 199k 26.34
iShares Russell 2000 Growth Index (IWO) 0.1 $5.2M 35k 148.90
Ofs Capital (OFS) 0.1 $4.9M 375k 13.03
Black Knight Finl Svcs Inc cl a 0.1 $4.9M 119k 40.90
Energy Select Sector SPDR (XLE) 0.1 $4.7M 66k 70.61
iShares S&P SmallCap 600 Growth (IJT) 0.1 $4.7M 34k 137.12
Vanguard Small-Cap Growth ETF (VBK) 0.1 $4.5M 34k 131.77
Main Street Capital Corporation (MAIN) 0.1 $4.5M 130k 34.33
Medley Capital Corporation 0.1 $4.5M 587k 7.63
Stellus Capital Investment (SCM) 0.1 $4.4M 406k 10.89
Annaly Capital Management 0.1 $4.3M 412k 10.50
Consumer Discretionary SPDR (XLY) 0.1 $4.1M 51k 80.04
iShares S&P SmallCap 600 Value Idx (IJS) 0.1 $4.2M 34k 124.82
iShares Lehman 3-7 Yr Treasury Bond (IEI) 0.1 $4.2M 33k 126.53
Claymore Exchange Trd Fd Tr gug bull2019 e 0.1 $4.3M 199k 21.40
Claymore Exchange Trd Fd Tr gug bull2020 e 0.1 $4.3M 197k 21.71
Claymore Exchange Trd Fd Tr gug bull2018 e 0.1 $4.2M 198k 21.32
Gugenheim Bulletshares 2022 Corp Bd 0.1 $4.3M 201k 21.65
Claymore Exchange Trd Fd Tr gugg bulsh 2021 0.1 $4.3M 200k 21.60
Claymore Exchange Trd Fd Tr 2024 corp bond 0.1 $4.4M 205k 21.35
Varian Medical Systems 0.1 $3.8M 38k 99.53
SPDR Gold Trust (GLD) 0.1 $4.0M 32k 125.64
Vanguard REIT ETF (VNQ) 0.1 $3.9M 45k 86.73
Fs Investment Corporation 0.1 $4.0M 420k 9.47
VCA Antech 0.1 $3.4M 49k 69.98
iShares S&P Natl AMTFr Mncpl Bd (MUB) 0.1 $3.5M 31k 112.75
iShares 10+ Year Credit Bond Fund ETF (IGLB) 0.1 $3.5M 55k 63.25
Ishares 2020 Amt-free Muni Bond Etf 0.1 $3.5M 135k 25.81
Ishares Tr ibonds dec 21 0.1 $3.5M 134k 25.98
Spdr S&p 500 Etf (SPY) 0.1 $2.9M 13k 216.30
Apollo Investment 0.1 $3.2M 551k 5.80
iShares Dow Jones US Financial (IYF) 0.1 $3.0M 34k 89.99
Hilton Worlwide Hldgs 0.1 $3.2M 141k 22.93
Health Care SPDR (XLV) 0.1 $2.7M 38k 72.10
Industrial SPDR (XLI) 0.1 $2.6M 45k 58.39
John Bean Technologies Corporation (JBT) 0.1 $2.8M 40k 70.55
Raven Industries 0.1 $2.6M 114k 23.03
Monotype Imaging Holdings 0.1 $2.8M 124k 22.11
Natus Medical 0.1 $2.8M 72k 39.28
Consumer Staples Select Sect. SPDR (XLP) 0.1 $2.7M 50k 53.21
Goldmansachsbdc (GSBD) 0.1 $2.8M 129k 21.77
Franklin Electric (FELE) 0.1 $2.3M 57k 40.71
Forward Air Corporation (FWRD) 0.1 $2.1M 49k 43.25
Mueller Industries (MLI) 0.1 $2.2M 69k 32.42
Gladstone Commercial Corporation (GOOD) 0.1 $2.3M 125k 18.63
Onebeacon Insurance Group Ltd Cl-a 0.1 $2.3M 161k 14.28
Blackrock Kelso Capital 0.1 $2.4M 286k 8.28
Bank of Marin Ban (BMRC) 0.1 $2.3M 47k 49.72
Lance 0.1 $2.4M 73k 33.58
Potbelly (PBPB) 0.1 $2.3M 183k 12.43
I Shares 2019 Etf 0.1 $2.4M 95k 25.65
Alcentra Cap 0.1 $2.5M 191k 12.99
Bio-techne Corporation (TECH) 0.1 $2.4M 22k 109.48
Halyard Health 0.1 $2.3M 65k 34.67
Haemonetics Corporation (HAE) 0.1 $2.0M 56k 36.22
Exponent (EXPO) 0.1 $2.0M 39k 51.06
Thermon Group Holdings (THR) 0.1 $2.1M 105k 19.75
Pennantpark Floating Rate Capi (PFLT) 0.1 $2.0M 154k 13.23
Cm Fin 0.1 $2.0M 216k 9.10
Landstar System (LSTR) 0.0 $1.7M 25k 68.10
Compass Diversified Holdings (CODI) 0.0 $1.5M 88k 17.38
National Interstate Corporation 0.0 $1.4M 44k 32.53
Solar Senior Capital 0.0 $1.4M 88k 16.21
Kcap Financial 0.0 $1.6M 341k 4.63
Berkshire Hathaway (BRK.A) 0.0 $1.1M 5.00 216200.00
iShares S&P 500 Index (IVV) 0.0 $1.0M 4.6k 217.65
Capstead Mortgage Corporation 0.0 $1.0M 111k 9.43
RBC Bearings Incorporated (RBC) 0.0 $1.2M 16k 76.47
iShares Gold Trust 0.0 $1.2M 93k 12.69
Cu (CULP) 0.0 $1.2M 40k 29.78
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.0 $1.1M 10k 105.73
Gladstone Investment Corporation (GAIN) 0.0 $1.3M 143k 8.89
Franklin Street Properties (FSP) 0.0 $756k 60k 12.60
WisdomTree LargeCap Dividend Fund (DLN) 0.0 $802k 10k 76.97
Capitala Finance 0.0 $869k 66k 13.11
Coca-Cola Company (KO) 0.0 $201k 4.8k 42.22
Dow Chemical Company 0.0 $314k 6.1k 51.82
Vulcan Materials Company (VMC) 0.0 $262k 2.3k 113.52
Alcoa 0.0 $253k 25k 10.16
Anheuser-Busch InBev NV (BUD) 0.0 $353k 2.7k 131.23
EOG Resources (EOG) 0.0 $348k 3.6k 96.69
Visa (V) 0.0 $231k 2.8k 82.56
Pioneer Natural Resources 0.0 $315k 1.7k 185.40
FMC Corporation (FMC) 0.0 $206k 4.3k 48.23
Royal Gold (RGLD) 0.0 $337k 4.3k 77.49
Piedmont Natural Gas Company 0.0 $395k 6.6k 60.02
Potlatch Corporation (PCH) 0.0 $232k 6.0k 38.85
Medallion Financial (MFIN) 0.0 $352k 83k 4.22
iShares S&P 500 Value Index (IVE) 0.0 $304k 3.2k 94.88
Silver Wheaton Corp 0.0 $384k 14k 27.06
iShares Silver Trust (SLV) 0.0 $250k 14k 18.21
iShares S&P SmallCap 600 Index (IJR) 0.0 $311k 2.5k 123.95
Vanguard Emerging Markets ETF (VWO) 0.0 $298k 7.9k 37.61
Hallador Energy (HNRG) 0.0 $254k 32k 7.87
Franco-Nevada Corporation (FNV) 0.0 $330k 4.7k 69.86
iShares Dow Jones EPAC Sel Div Ind (IDV) 0.0 $418k 14k 29.96
WisdomTree LargeCap Value Fund (WTV) 0.0 $228k 3.6k 63.63
Manatuck Hill Mariner Offshore 0.0 $385k 2.8k 136.86
Vanguard Equity Income Admiral (VEIRX) 0.0 $219k 3.3k 66.48
First Tr Exch Trd Alphadex sml cp grw a (FYC) 0.0 $201k 6.0k 33.75
Sandstorm Gold (SAND) 0.0 $228k 45k 5.03
Harvest Cap Cr 0.0 $203k 17k 12.16
First Majestic Silver Corp (AG) 0.0 $107k 10k 10.35
Credit Suisse Nassau Brh vs 3xlngnatgas 0.0 $69k 11k 6.11