Confluence Investment Management

Confluence Investment Management as of Dec. 31, 2017

Portfolio Holdings for Confluence Investment Management

Confluence Investment Management holds 241 positions in its portfolio as reported in the December 2017 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Johnson & Johnson (JNJ) 2.6 $142M 1.0M 139.72
Pepsi (PEP) 2.5 $138M 1.2M 119.92
Diageo (DEO) 2.5 $137M 940k 146.03
Polaris Industries (PII) 2.4 $134M 1.1M 123.99
Fastenal Company (FAST) 2.4 $132M 2.4M 54.69
Microsoft Corporation (MSFT) 2.3 $124M 1.5M 85.54
Paychex (PAYX) 2.2 $118M 1.7M 68.08
Northern Trust Corporation (NTRS) 2.1 $116M 1.2M 99.89
Praxair 2.1 $116M 747k 154.68
3M Company (MMM) 2.1 $114M 485k 235.37
Progressive Corporation (PGR) 2.0 $112M 2.0M 56.32
Chevron Corporation (CVX) 2.0 $112M 897k 125.19
Chubb (CB) 2.0 $109M 745k 146.13
Dowdupont 2.0 $109M 1.5M 71.22
Gra (GGG) 1.9 $106M 2.3M 45.22
Colgate-Palmolive Company (CL) 1.9 $102M 1.3M 75.45
Southern Company (SO) 1.8 $99M 2.1M 48.09
Martin Marietta Materials (MLM) 1.8 $97M 440k 221.04
Rayonier (RYN) 1.8 $96M 3.0M 31.63
Iron Mountain (IRM) 1.7 $92M 2.4M 37.73
Black Knight 1.7 $91M 2.1M 44.15
Broadridge Financial Solutions (BR) 1.6 $89M 986k 90.58
Fnf (FNF) 1.6 $88M 2.2M 39.24
Pfizer (PFE) 1.6 $87M 2.4M 36.22
Stryker Corporation (SYK) 1.6 $86M 553k 154.84
Kraft Heinz (KHC) 1.5 $83M 1.1M 77.76
Weyerhaeuser Company (WY) 1.5 $83M 2.3M 35.26
Ares Capital Corporation (ARCC) 1.5 $81M 5.1M 15.72
Markel Corporation (MKL) 1.5 $80M 70k 1139.13
Kinder Morgan (KMI) 1.4 $79M 4.4M 18.07
Axalta Coating Sys (AXTA) 1.4 $74M 2.3M 32.36
Compagnie Fin Richemontag S (CFRUY) 1.3 $72M 8.0M 9.06
Colony Northstar 1.2 $67M 5.9M 11.41
American International (AIG) 1.2 $66M 1.1M 59.58
GlaxoSmithKline 1.1 $58M 1.6M 35.47
MasterCard Incorporated (MA) 1.0 $57M 376k 151.36
Allergan 1.0 $56M 340k 163.58
American Express Company (AXP) 0.9 $49M 495k 99.31
General Electric Company 0.9 $48M 2.8M 17.45
Digital Realty Trust (DLR) 0.9 $48M 417k 113.90
MSC Industrial Direct (MSM) 0.8 $46M 480k 96.66
Discovery Communications 0.8 $47M 2.2M 21.17
TJX Companies (TJX) 0.8 $46M 604k 76.46
Illinois Tool Works (ITW) 0.8 $45M 272k 166.85
Analog Devices (ADI) 0.8 $42M 477k 89.03
Starbucks Corporation (SBUX) 0.8 $42M 732k 57.43
Nxp Semiconductors N V (NXPI) 0.8 $41M 354k 117.09
C.H. Robinson Worldwide (CHRW) 0.7 $40M 446k 89.09
Natus Medical 0.7 $39M 1.0M 38.20
United Technologies Corporation 0.7 $38M 296k 127.57
Berkshire Hathaway (BRK.B) 0.7 $37M 185k 198.22
Schlumberger (SLB) 0.7 $36M 541k 67.39
Thermo Fisher Scientific (TMO) 0.6 $35M 184k 189.88
W.R. Berkley Corporation (WRB) 0.6 $33M 465k 71.65
iShares Lehman 7-10 Yr Treas. Bond (IEF) 0.6 $33M 315k 105.57
Lowe's Companies (LOW) 0.6 $32M 341k 92.94
Alphabet Inc Class C cs (GOOG) 0.5 $29M 28k 1046.40
Brown & Brown (BRO) 0.5 $26M 498k 51.46
Home Depot (HD) 0.4 $23M 120k 189.53
MTS Systems Corporation 0.4 $20M 377k 53.70
SEI Investments Company (SEIC) 0.4 $20M 277k 71.86
iShares Lehman MBS Bond Fund (MBB) 0.4 $20M 187k 106.59
Ishares Tr 2023 invtgr bd 0.3 $19M 790k 24.27
McDonald's Corporation (MCD) 0.3 $19M 108k 172.12
T. Rowe Price (TROW) 0.3 $19M 178k 104.93
Becton, Dickinson and (BDX) 0.3 $18M 84k 214.06
Lockheed Martin Corporation (LMT) 0.3 $17M 54k 321.06
Accenture (ACN) 0.3 $18M 114k 153.09
Claymore Exchange Trd Fd Tr 2024 corp bond 0.3 $18M 838k 20.89
M&T Bank Corporation (MTB) 0.3 $17M 99k 170.99
Clorox Company (CLX) 0.3 $17M 115k 148.74
Donaldson Company (DCI) 0.3 $17M 351k 48.95
Commerce Bancshares (CBSH) 0.3 $17M 301k 55.84
iShares Barclays 20+ Yr Treas.Bond (TLT) 0.3 $16M 128k 126.86
Medtronic (MDT) 0.3 $16M 200k 80.75
Air Products & Chemicals (APD) 0.3 $16M 98k 164.08
General Dynamics Corporation (GD) 0.3 $16M 79k 203.45
MDU Resources (MDU) 0.3 $15M 564k 26.88
Nestle SA Reg Shs. Ser. B Spons (NSRGY) 0.3 $15M 176k 85.99
New Jersey Resources Corporation (NJR) 0.3 $16M 385k 40.20
SPDR Barclay Cp Intr Trm Cr Bd (SPIB) 0.3 $16M 452k 34.22
Ishares Tr ibonds dec2026 (IBDR) 0.3 $16M 635k 24.54
Expeditors International of Washington (EXPD) 0.3 $15M 225k 64.69
Nike (NKE) 0.3 $15M 232k 62.55
Procter & Gamble Company (PG) 0.3 $15M 164k 91.88
Exxon Mobil Corporation (XOM) 0.2 $14M 164k 83.64
Cullen/Frost Bankers (CFR) 0.2 $14M 142k 94.65
Novartis (NVS) 0.2 $14M 164k 83.96
Morningstar (MORN) 0.2 $14M 141k 96.97
Ishares Corporate Bond Etf 202 0.2 $14M 510k 26.45
Golub Capital BDC (GBDC) 0.2 $12M 678k 18.20
New Mountain Finance Corp (NMFC) 0.2 $13M 919k 13.55
Nordstrom (JWN) 0.2 $12M 259k 47.38
Tcp Capital 0.2 $11M 749k 15.28
Hercules Technology Growth Capital (HTGC) 0.2 $11M 807k 13.12
Solar Cap (SLRC) 0.2 $9.9M 490k 20.21
Ishares Tr 2020 invtgr bd 0.2 $9.6M 392k 24.52
Vaneck Vectors Etf Tr amt free long mu (MLN) 0.2 $9.7M 476k 20.33
Patterson Companies (PDCO) 0.2 $9.0M 251k 36.13
THL Credit 0.2 $9.4M 1.0M 9.05
Spdr Nuveen Barclays Muni Bond Etf nuvn brcly muni (TFI) 0.2 $9.4M 193k 48.97
iShares S&P MidCap 400 Growth (IJK) 0.2 $8.8M 41k 215.83
iShares Barclays Inter Crd Bd Fund ETF) (IGIB) 0.2 $8.8M 80k 109.21
iShares S&P MidCap 400 Value Index (IJJ) 0.2 $8.6M 54k 160.11
Triplepoint Venture Gr Bdc cs (TPVG) 0.2 $8.9M 698k 12.69
iShares Dow Jones US Technology (IYW) 0.1 $8.3M 51k 162.76
Vanguard Emerging Markets ETF (VWO) 0.1 $7.2M 157k 45.91
iShares S&P SmallCap 600 Growth (IJT) 0.1 $7.1M 42k 170.14
iShares S&P SmallCap 600 Value Idx (IJS) 0.1 $7.2M 47k 153.56
Cys Investments 0.1 $7.3M 932k 7.88
Stellus Capital Investment (SCM) 0.1 $7.3M 554k 13.14
Tpg Specialty Lnding Inc equity 0.1 $7.1M 361k 19.80
Health Care SPDR (XLV) 0.1 $6.5M 78k 82.68
PennantPark Investment (PNNT) 0.1 $6.4M 920k 6.91
iShares Russell 3000 Value Index (IUSV) 0.1 $6.8M 123k 55.40
iShares MSCI ACWI ex US Index Fund (ACWX) 0.1 $6.4M 128k 49.95
Ishares Tr ibonds dec 21 0.1 $6.6M 262k 25.42
Ishares Tr ibonds dec 22 0.1 $6.6M 256k 25.67
Annaly Capital Management 0.1 $5.8M 487k 11.98
Varian Medical Systems 0.1 $5.8M 52k 111.15
Claymore Exchange Trd Fd Tr gug bull2019 e 0.1 $5.8M 274k 21.09
Claymore Exchange Trd Fd Tr gug bull2020 e 0.1 $5.8M 271k 21.29
Gugenheim Bulletshares 2022 Corp Bd 0.1 $5.8M 274k 21.17
Claymore Exchange Trd Fd Tr gugg bulsh 2021 0.1 $5.8M 273k 21.13
Boston Beer Company (SAM) 0.1 $5.2M 27k 191.08
iShares S&P Natl AMTFr Mncpl Bd (MUB) 0.1 $5.3M 48k 110.74
iShares Dow Jones US Financial (IYF) 0.1 $5.5M 46k 119.43
Thermon Group Holdings (THR) 0.1 $5.4M 230k 23.67
Ofs Capital (OFS) 0.1 $5.2M 440k 11.90
Industrial SPDR (XLI) 0.1 $5.2M 68k 75.68
Raven Industries 0.1 $4.8M 140k 34.35
Monotype Imaging Holdings 0.1 $4.9M 203k 24.10
Movado (MOV) 0.1 $5.1M 159k 32.20
Lance 0.1 $4.7M 93k 50.08
Vanguard European ETF (VGK) 0.1 $4.7M 80k 59.15
Luxoft Holding Inc cmn 0.1 $4.9M 87k 55.70
Halyard Health 0.1 $4.8M 104k 46.18
Forward Air Corporation (FWRD) 0.1 $4.6M 80k 57.43
Innophos Holdings 0.1 $4.5M 97k 46.73
Apollo Investment 0.1 $4.3M 751k 5.66
Cu (CULP) 0.1 $4.4M 133k 33.50
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.1 $4.5M 37k 121.56
Consumer Discretionary SPDR (XLY) 0.1 $4.5M 46k 98.69
Bank of Marin Ban (BMRC) 0.1 $4.7M 68k 68.00
re Max Hldgs Inc cl a (RMAX) 0.1 $4.5M 92k 48.50
Ishares 2020 Amt-free Muni Bond Etf 0.1 $4.4M 173k 25.36
Bio-techne Corporation (TECH) 0.1 $4.1M 32k 129.57
Veritex Hldgs (VBTX) 0.1 $4.2M 153k 27.59
Hilton Worldwide Holdings (HLT) 0.1 $4.3M 54k 79.86
Spdr S&p 500 Etf (SPY) 0.1 $4.0M 15k 266.88
Main Street Capital Corporation (MAIN) 0.1 $3.7M 92k 39.73
Triangle Capital Corporation 0.1 $3.7M 388k 9.49
SPDR S&P World ex-US (SPDW) 0.1 $3.6M 114k 31.70
Potbelly (PBPB) 0.1 $3.9M 317k 12.30
Fs Investment Corporation 0.1 $3.8M 513k 7.35
Goldmansachsbdc (GSBD) 0.1 $3.8M 173k 22.18
Guggenheim Bulletshares 2025 Corp Etf gugenhim 2025 0.1 $3.9M 188k 20.70
iShares Russell 1000 Value Index (IWD) 0.1 $3.4M 27k 124.33
Energy Select Sector SPDR (XLE) 0.1 $3.4M 47k 72.27
RBC Bearings Incorporated (RBC) 0.1 $3.1M 25k 126.39
iShares FTSE NAREIT Resi Plus Capp (REZ) 0.1 $3.4M 55k 62.24
Vanguard Long Term Corporate Bond ETF (VCLT) 0.1 $3.0M 32k 95.77
Medley Capital Corporation 0.1 $3.1M 587k 5.22
I Shares 2019 Etf 0.1 $3.1M 123k 25.32
Alphabet Inc Class A cs (GOOGL) 0.1 $3.3M 3.1k 1053.53
Varex Imaging (VREX) 0.1 $3.3M 82k 40.18
Franklin Electric (FELE) 0.1 $3.0M 65k 45.90
John Bean Technologies Corporation (JBT) 0.1 $3.0M 27k 110.79
Materials SPDR (XLB) 0.0 $2.1M 35k 60.53
iShares iBoxx $ High Yid Corp Bond (HYG) 0.0 $2.5M 28k 87.26
SPDR Barclays Capital High Yield B 0.0 $2.5M 67k 36.72
SPDR Barclays Capital Inter Term (SPTI) 0.0 $2.0M 34k 59.40
Pennantpark Floating Rate Capi (PFLT) 0.0 $2.4M 172k 13.72
Berkshire Hathaway (BRK.A) 0.0 $1.5M 5.00 297600.00
Exponent (EXPO) 0.0 $1.4M 20k 71.11
Solar Senior Capital 0.0 $1.4M 80k 17.77
Cm Fin 0.0 $1.6M 200k 8.15
Alcentra Cap 0.0 $1.8M 218k 8.40
Rmr Group Inc cl a (RMR) 0.0 $1.6M 27k 59.32
Oaktree Specialty Lending Corp 0.0 $1.5M 311k 4.89
Gartner (IT) 0.0 $1.1M 9.1k 123.20
Franklin Street Properties (FSP) 0.0 $859k 80k 10.74
Capstead Mortgage Corporation 0.0 $954k 111k 8.59
iShares Gold Trust 0.0 $1.1M 84k 12.51
Consumer Staples Select Sect. SPDR (XLP) 0.0 $1.2M 22k 56.88
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.0 $1.3M 13k 104.53
Vanguard REIT ETF (VNQ) 0.0 $1.1M 13k 82.97
Kcap Financial 0.0 $1.2M 341k 3.41
Corporate Capital Trust 0.0 $1.2M 77k 15.98
Ishares Tr Ibonds Dec2023 etf 0.0 $1.3M 53k 25.23
JPMorgan Chase & Co. (JPM) 0.0 $751k 7.0k 107.01
U.S. Bancorp (USB) 0.0 $287k 5.4k 53.49
Coca-Cola Company (KO) 0.0 $464k 10k 45.84
Abbott Laboratories (ABT) 0.0 $305k 5.3k 57.14
iShares S&P 500 Index (IVV) 0.0 $745k 2.8k 268.86
EOG Resources (EOG) 0.0 $363k 3.4k 108.00
Visa (V) 0.0 $737k 6.5k 114.00
Royal Gold (RGLD) 0.0 $326k 4.0k 82.01
iShares Lehman Aggregate Bond (AGG) 0.0 $338k 3.1k 109.35
iShares S&P 500 Growth Index (IVW) 0.0 $604k 4.0k 152.80
iShares S&P 500 Value Index (IVE) 0.0 $677k 5.9k 114.20
iShares Russell 2000 Value Index (IWN) 0.0 $500k 4.0k 125.72
iShares Russell 2000 Growth Index (IWO) 0.0 $360k 1.9k 186.92
iShares S&P SmallCap 600 Index (IJR) 0.0 $279k 3.6k 76.92
Vanguard Total Stock Market ETF (VTI) 0.0 $330k 2.4k 137.39
Allied Motion Technologies (ALNT) 0.0 $755k 23k 33.11
Gladstone Investment Corporation (GAIN) 0.0 $328k 29k 11.17
Franco-Nevada Corporation (FNV) 0.0 $343k 4.3k 80.01
ETFS Physical Platinum Shares 0.0 $329k 3.7k 88.49
iShares Dow Jones EPAC Sel Div Ind (IDV) 0.0 $278k 8.2k 33.73
WisdomTree LargeCap Dividend Fund (DLN) 0.0 $460k 5.0k 92.09
Manatuck Hill Mariner Offshore 0.0 $330k 2.5k 133.12
Kemper Corp Del (KMPR) 0.0 $308k 4.5k 68.90
D Ishares (EEMS) 0.0 $493k 9.3k 53.08
Nuveen Barclays Shrt Term Muni bdfund (SHM) 0.0 $381k 8.0k 47.91
Alcoa (AA) 0.0 $376k 7.0k 53.80
Wheaton Precious Metals Corp (WPM) 0.0 $298k 14k 22.10
Bank of America Corporation (BAC) 0.0 $244k 8.3k 29.49
Costco Wholesale Corporation (COST) 0.0 $244k 1.3k 186.26
Eli Lilly & Co. (LLY) 0.0 $207k 2.4k 84.52
Cameco Corporation (CCJ) 0.0 $141k 15k 9.22
Kimberly-Clark Corporation (KMB) 0.0 $234k 1.9k 120.74
Wells Fargo & Company (WFC) 0.0 $259k 4.3k 60.58
Vulcan Materials Company (VMC) 0.0 $264k 2.1k 128.40
Pioneer Natural Resources (PXD) 0.0 $249k 1.4k 172.56
Southwestern Energy Company (SWN) 0.0 $176k 32k 5.58
Cimarex Energy 0.0 $249k 2.0k 122.06
Potlatch Corporation (PCH) 0.0 $239k 4.8k 49.81
Seabridge Gold (SA) 0.0 $183k 16k 11.29
SPDR S&P MidCap 400 ETF (MDY) 0.0 $209k 606.00 344.88
iShares Silver Trust (SLV) 0.0 $195k 12k 15.96
First Majestic Silver Corp (AG) 0.0 $109k 16k 6.73
PIMCO Enhanced Short Mat Str Fund ETF (MINT) 0.0 $241k 2.4k 101.47
Fortuna Silver Mines (FSM) 0.0 $113k 22k 5.21
Belo Sun Mining Corp (BSXGF) 0.0 $72k 226k 0.32
Ishares Tr fltg rate nt (FLOT) 0.0 $242k 4.8k 50.89
Sabina Gold & Silver (SGSVF) 0.0 $202k 112k 1.81
Harvest Cap Cr 0.0 $183k 17k 10.96
Rsp Permian 0.0 $252k 6.2k 40.66
Vaneck Vectors Amt-free Intermediate Municipal Index Etf etf 0.0 $228k 9.5k 24.09
Vaneck Vectors Etf Tr bdc income etf (BIZD) 0.0 $175k 11k 16.64