Confluence Investment Management as of March 31, 2018
Portfolio Holdings for Confluence Investment Management
Confluence Investment Management holds 227 positions in its portfolio as reported in the March 2018 quarterly 13F filing
| Company (Ticker) | Portfolio Weight | Valued At | Change in Shares | Share Count | Share Price |
|---|---|---|---|---|---|
| Dowdupont | 2.6 | $140M | 2.2M | 63.71 | |
| Johnson & Johnson (JNJ) | 2.5 | $137M | 1.1M | 128.15 | |
| Diageo (DEO) | 2.5 | $132M | 977k | 135.42 | |
| Microsoft Corporation (MSFT) | 2.4 | $132M | 1.4M | 91.27 | |
| Pepsi (PEP) | 2.4 | $130M | 1.2M | 109.15 | |
| Fastenal Company (FAST) | 2.4 | $127M | 2.3M | 54.59 | |
| Polaris Industries (PII) | 2.3 | $124M | 1.1M | 114.52 | |
| Northern Trust Corporation (NTRS) | 2.3 | $124M | 1.2M | 103.13 | |
| Progressive Corporation (PGR) | 2.2 | $120M | 2.0M | 60.93 | |
| Praxair | 2.0 | $109M | 756k | 144.30 | |
| Paychex (PAYX) | 2.0 | $109M | 1.8M | 61.59 | |
| Rayonier (RYN) | 2.0 | $108M | 3.1M | 35.18 | |
| Broadridge Financial Solutions (BR) | 2.0 | $108M | 980k | 109.69 | |
| Colgate-Palmolive Company (CL) | 2.0 | $108M | 1.5M | 71.68 | |
| 3M Company (MMM) | 1.9 | $106M | 481k | 219.52 | |
| Black Knight | 1.9 | $105M | 2.2M | 47.10 | |
| Chevron Corporation (CVX) | 1.9 | $105M | 917k | 114.04 | |
| Gra (GGG) | 1.9 | $105M | 2.3M | 45.72 | |
| Chubb (CB) | 1.9 | $104M | 762k | 136.77 | |
| Southern Company (SO) | 1.8 | $98M | 2.2M | 44.66 | |
| Fnf (FNF) | 1.8 | $97M | 2.4M | 40.02 | |
| Martin Marietta Materials (MLM) | 1.7 | $93M | 448k | 207.30 | |
| Pfizer (PFE) | 1.6 | $87M | 2.5M | 35.49 | |
| Iron Mountain (IRM) | 1.6 | $87M | 2.7M | 32.86 | |
| Stryker Corporation (SYK) | 1.6 | $85M | 526k | 160.92 | |
| Ares Capital Corporation (ARCC) | 1.6 | $84M | 5.3M | 15.87 | |
| Weyerhaeuser Company (WY) | 1.5 | $82M | 2.4M | 35.00 | |
| Markel Corporation (MKL) | 1.5 | $79M | 68k | 1170.25 | |
| Kinder Morgan (KMI) | 1.3 | $71M | 4.7M | 15.06 | |
| Kraft Heinz (KHC) | 1.3 | $70M | 1.1M | 62.29 | |
| Compagnie Fin Richemontag S (CFRUY) | 1.3 | $69M | 7.7M | 8.96 | |
| Axalta Coating Sys (AXTA) | 1.3 | $68M | 2.3M | 30.19 | |
| Digital Realty Trust (DLR) | 1.2 | $66M | 624k | 105.38 | |
| GlaxoSmithKline | 1.1 | $62M | 1.6M | 39.07 | |
| Allergan | 1.1 | $61M | 364k | 168.29 | |
| MasterCard Incorporated (MA) | 1.1 | $60M | 345k | 175.16 | |
| American International (AIG) | 1.1 | $60M | 1.1M | 54.42 | |
| Gilead Sciences (GILD) | 1.1 | $59M | 787k | 75.39 | |
| TJX Companies (TJX) | 0.9 | $51M | 619k | 81.56 | |
| American Express Company (AXP) | 0.8 | $45M | 480k | 93.28 | |
| Starbucks Corporation (SBUX) | 0.8 | $45M | 771k | 57.89 | |
| Analog Devices (ADI) | 0.8 | $44M | 479k | 91.13 | |
| Illinois Tool Works (ITW) | 0.8 | $43M | 273k | 156.66 | |
| MSC Industrial Direct (MSM) | 0.8 | $42M | 452k | 91.71 | |
| United Technologies Corporation | 0.8 | $41M | 327k | 125.82 | |
| Schlumberger (SLB) | 0.7 | $39M | 606k | 64.78 | |
| Berkshire Hathaway (BRK.B) | 0.7 | $37M | 185k | 199.48 | |
| Thermo Fisher Scientific (TMO) | 0.6 | $35M | 168k | 206.46 | |
| W.R. Berkley Corporation (WRB) | 0.6 | $35M | 478k | 72.70 | |
| Nxp Semiconductors N V (NXPI) | 0.6 | $35M | 296k | 117.00 | |
| Natus Medical | 0.6 | $33M | 993k | 33.65 | |
| Discovery Communications | 0.6 | $31M | 1.6M | 19.52 | |
| Lowe's Companies (LOW) | 0.5 | $29M | 334k | 87.75 | |
| Alphabet Inc Class C cs (GOOG) | 0.5 | $30M | 29k | 1031.79 | |
| iShares Lehman 7-10 Yr Treas. Bond (IEF) | 0.5 | $28M | 271k | 103.19 | |
| Oracle Corporation (ORCL) | 0.5 | $27M | 585k | 45.75 | |
| Brown & Brown (BRO) | 0.5 | $25M | 984k | 25.44 | |
| Home Depot (HD) | 0.4 | $21M | 118k | 178.24 | |
| SEI Investments Company (SEIC) | 0.4 | $21M | 273k | 74.91 | |
| MTS Systems Corporation | 0.4 | $20M | 392k | 51.65 | |
| iShares Lehman MBS Bond Fund (MBB) | 0.4 | $20M | 188k | 104.64 | |
| T. Rowe Price (TROW) | 0.3 | $19M | 176k | 107.97 | |
| iShares S&P 500 Growth Index (IVW) | 0.3 | $19M | 124k | 155.07 | |
| M&T Bank Corporation (MTB) | 0.3 | $18M | 100k | 184.36 | |
| Becton, Dickinson and (BDX) | 0.3 | $18M | 84k | 216.70 | |
| Lockheed Martin Corporation (LMT) | 0.3 | $18M | 54k | 337.93 | |
| Commerce Bancshares (CBSH) | 0.3 | $18M | 304k | 59.91 | |
| Ishares Tr 2023 invtgr bd | 0.3 | $19M | 785k | 23.78 | |
| Accenture (ACN) | 0.3 | $18M | 115k | 153.50 | |
| General Dynamics Corporation (GD) | 0.3 | $18M | 80k | 220.90 | |
| iShares Barclays 20+ Yr Treas.Bond (TLT) | 0.3 | $18M | 148k | 121.90 | |
| McDonald's Corporation (MCD) | 0.3 | $17M | 109k | 156.38 | |
| Claymore Exchange Trd Fd Tr 2024 corp bond | 0.3 | $17M | 831k | 20.27 | |
| MDU Resources (MDU) | 0.3 | $16M | 581k | 28.16 | |
| Donaldson Company (DCI) | 0.3 | $16M | 357k | 45.05 | |
| Medtronic (MDT) | 0.3 | $16M | 204k | 80.22 | |
| Cullen/Frost Bankers (CFR) | 0.3 | $16M | 147k | 106.07 | |
| Air Products & Chemicals (APD) | 0.3 | $16M | 99k | 159.03 | |
| Nike (NKE) | 0.3 | $16M | 236k | 66.44 | |
| Clorox Company (CLX) | 0.3 | $16M | 118k | 133.11 | |
| New Jersey Resources Corporation (NJR) | 0.3 | $16M | 397k | 40.10 | |
| SPDR Barclay Cp Intr Trm Cr Bd (SPIB) | 0.3 | $15M | 448k | 33.54 | |
| Ishares Tr ibonds dec2026 (IBDR) | 0.3 | $15M | 632k | 23.67 | |
| Expeditors International of Washington (EXPD) | 0.3 | $15M | 234k | 63.30 | |
| Nestle SA Reg Shs. Ser. B Spons (NSRGY) | 0.3 | $14M | 180k | 78.97 | |
| Novartis (NVS) | 0.2 | $14M | 170k | 80.85 | |
| Procter & Gamble Company (PG) | 0.2 | $14M | 171k | 79.28 | |
| Morningstar (MORN) | 0.2 | $14M | 142k | 95.52 | |
| Exxon Mobil Corporation (XOM) | 0.2 | $13M | 171k | 74.61 | |
| Ishares Corporate Bond Etf 202 | 0.2 | $13M | 506k | 25.81 | |
| iShares S&P 500 Value Index (IVE) | 0.2 | $12M | 114k | 109.34 | |
| Nordstrom (JWN) | 0.2 | $12M | 248k | 48.41 | |
| Golub Capital BDC (GBDC) | 0.2 | $12M | 672k | 17.89 | |
| New Mountain Finance Corp (NMFC) | 0.2 | $12M | 920k | 13.15 | |
| Patterson Companies (PDCO) | 0.2 | $11M | 482k | 22.23 | |
| Tcp Capital | 0.2 | $11M | 750k | 14.22 | |
| iShares S&P MidCap 400 Growth (IJK) | 0.2 | $10M | 48k | 218.34 | |
| Solar Cap (SLRC) | 0.2 | $9.9M | 489k | 20.31 | |
| Hercules Technology Growth Capital (HTGC) | 0.2 | $9.8M | 807k | 12.10 | |
| Spdr Nuveen Barclays Muni Bond Etf nuvn brcly muni (TFI) | 0.2 | $9.6M | 201k | 48.03 | |
| Colony Northstar | 0.2 | $9.7M | 1.7M | 5.62 | |
| Ishares Tr 2020 invtgr bd | 0.2 | $9.5M | 388k | 24.38 | |
| Vaneck Vectors Etf Tr amt free long mu (MLN) | 0.2 | $9.2M | 462k | 19.88 | |
| iShares S&P SmallCap 600 Growth (IJT) | 0.2 | $8.7M | 50k | 173.85 | |
| Vanguard Emerging Markets ETF (VWO) | 0.1 | $8.0M | 170k | 46.98 | |
| THL Credit | 0.1 | $8.3M | 1.1M | 7.77 | |
| Triplepoint Venture Gr Bdc cs (TPVG) | 0.1 | $8.3M | 697k | 11.95 | |
| iShares Barclays Inter Crd Bd Fund ETF) (IGIB) | 0.1 | $7.6M | 71k | 107.24 | |
| iShares S&P MidCap 400 Value Index (IJJ) | 0.1 | $7.0M | 45k | 154.49 | |
| Ishares Tr ibonds dec 21 | 0.1 | $7.1M | 280k | 25.40 | |
| Ishares Tr ibonds dec 22 | 0.1 | $7.1M | 277k | 25.50 | |
| Triangle Capital Corporation | 0.1 | $6.3M | 570k | 11.13 | |
| iShares MSCI ACWI ex US Index Fund (ACWX) | 0.1 | $6.3M | 128k | 49.69 | |
| Cys Investments | 0.1 | $6.3M | 932k | 6.81 | |
| Stellus Capital Investment (SCM) | 0.1 | $6.4M | 554k | 11.51 | |
| Tpg Specialty Lnding Inc equity | 0.1 | $6.4M | 361k | 17.86 | |
| PennantPark Investment (PNNT) | 0.1 | $6.2M | 921k | 6.68 | |
| Movado (MOV) | 0.1 | $6.1M | 160k | 38.40 | |
| iShares S&P SmallCap 600 Value Idx (IJS) | 0.1 | $5.8M | 39k | 150.84 | |
| Claymore Exchange Trd Fd Tr gug bull2019 e | 0.1 | $5.7M | 272k | 20.98 | |
| re Max Hldgs Inc cl a (RMAX) | 0.1 | $5.8M | 96k | 60.45 | |
| Boston Beer Company (SAM) | 0.1 | $5.3M | 28k | 189.06 | |
| Allied Motion Technologies (ALNT) | 0.1 | $5.6M | 141k | 39.75 | |
| Thermon Group Holdings (THR) | 0.1 | $5.3M | 236k | 22.41 | |
| Claymore Exchange Trd Fd Tr gug bull2020 e | 0.1 | $5.7M | 269k | 21.06 | |
| Gugenheim Bulletshares 2022 Corp Bd | 0.1 | $5.6M | 272k | 20.77 | |
| Claymore Exchange Trd Fd Tr gugg bulsh 2021 | 0.1 | $5.6M | 271k | 20.82 | |
| Rmr Group Inc cl a (RMR) | 0.1 | $5.5M | 79k | 69.95 | |
| Varex Imaging (VREX) | 0.1 | $5.2M | 144k | 35.78 | |
| Annaly Capital Management | 0.1 | $5.1M | 487k | 10.48 | |
| Raven Industries | 0.1 | $4.9M | 141k | 35.05 | |
| Monotype Imaging Holdings | 0.1 | $4.7M | 209k | 22.45 | |
| Bank of Marin Ban (BMRC) | 0.1 | $4.9M | 71k | 68.95 | |
| Vanguard European ETF (VGK) | 0.1 | $4.6M | 79k | 58.14 | |
| Ofs Capital (OFS) | 0.1 | $5.0M | 441k | 11.22 | |
| Fs Investment Corporation | 0.1 | $5.0M | 683k | 7.25 | |
| Ishares 2020 Amt-free Muni Bond Etf | 0.1 | $5.1M | 203k | 25.36 | |
| Bio-techne Corporation (TECH) | 0.1 | $4.8M | 32k | 151.05 | |
| Halyard Health | 0.1 | $5.0M | 108k | 46.08 | |
| Forward Air Corporation (FWRD) | 0.1 | $4.4M | 83k | 52.86 | |
| Gladstone Commercial Corporation (GOOD) | 0.1 | $4.4M | 252k | 17.34 | |
| Innophos Holdings | 0.1 | $4.1M | 102k | 40.21 | |
| Astec Industries (ASTE) | 0.1 | $4.3M | 77k | 55.19 | |
| Cambrex Corporation | 0.1 | $4.6M | 88k | 52.31 | |
| Cu (CULP) | 0.1 | $4.3M | 139k | 30.55 | |
| iShares S&P Natl AMTFr Mncpl Bd (MUB) | 0.1 | $4.5M | 41k | 108.94 | |
| Potbelly (PBPB) | 0.1 | $4.1M | 339k | 12.05 | |
| Veritex Hldgs (VBTX) | 0.1 | $4.5M | 161k | 27.67 | |
| Ishares Tr ibnd dec21 etf | 0.1 | $4.4M | 181k | 24.47 | |
| Hilton Worldwide Holdings (HLT) | 0.1 | $4.2M | 53k | 78.77 | |
| Spdr S&p 500 Etf (SPY) | 0.1 | $3.6M | 14k | 263.12 | |
| Apollo Investment | 0.1 | $3.9M | 751k | 5.22 | |
| SPDR S&P World ex-US (SPDW) | 0.1 | $3.6M | 115k | 31.43 | |
| Luxoft Holding Inc cmn | 0.1 | $3.8M | 92k | 40.94 | |
| Guggenheim Bulletshares 2025 Corp Etf gugenhim 2025 | 0.1 | $3.7M | 186k | 20.03 | |
| RBC Bearings Incorporated (RBC) | 0.1 | $3.2M | 25k | 124.22 | |
| Main Street Capital Corporation (MAIN) | 0.1 | $3.2M | 87k | 36.90 | |
| I Shares 2019 Etf | 0.1 | $3.2M | 125k | 25.30 | |
| Goldmansachsbdc (GSBD) | 0.1 | $3.3M | 173k | 19.13 | |
| John Bean Technologies Corporation (JBT) | 0.1 | $2.9M | 26k | 113.38 | |
| iShares iBoxx $ High Yid Corp Bond (HYG) | 0.1 | $2.6M | 30k | 85.64 | |
| SPDR Barclays Capital High Yield B | 0.1 | $2.6M | 72k | 35.85 | |
| Ishares Tr ibnd dec23 etf | 0.1 | $2.5M | 103k | 24.48 | |
| Ishares Tr ibnd dec25 etf (IBDQ) | 0.1 | $2.5M | 103k | 24.27 | |
| Alphabet Inc Class A cs (GOOGL) | 0.1 | $2.5M | 2.4k | 1037.16 | |
| Ishares Tr ibonds etf (IBDS) | 0.1 | $2.5M | 105k | 24.07 | |
| iShares FTSE NAREIT Resi Plus Capp (REZ) | 0.0 | $2.3M | 41k | 57.66 | |
| Vanguard Long Term Corporate Bond ETF (VCLT) | 0.0 | $2.2M | 24k | 91.38 | |
| Medley Capital Corporation | 0.0 | $2.3M | 587k | 3.98 | |
| Pennantpark Floating Rate Capi (PFLT) | 0.0 | $2.2M | 172k | 13.09 | |
| Berkshire Hathaway (BRK.A) | 0.0 | $1.5M | 5.00 | 299000.00 | |
| Exponent (EXPO) | 0.0 | $1.5M | 19k | 78.62 | |
| iShares Dow Jones US Financial (IYF) | 0.0 | $1.5M | 13k | 117.80 | |
| iShares Dow Jones US Technology (IYW) | 0.0 | $1.5M | 9.2k | 168.21 | |
| Solar Senior Capital | 0.0 | $1.5M | 91k | 16.80 | |
| Cm Fin | 0.0 | $1.9M | 229k | 8.20 | |
| Ishares Tr Ibonds Dec2023 etf | 0.0 | $1.7M | 69k | 24.89 | |
| JPMorgan Chase & Co. (JPM) | 0.0 | $1.1M | 9.6k | 110.00 | |
| Abbott Laboratories (ABT) | 0.0 | $925k | 15k | 59.89 | |
| Franklin Electric (FELE) | 0.0 | $1.1M | 27k | 40.75 | |
| Gartner (IT) | 0.0 | $910k | 7.7k | 117.68 | |
| Energy Select Sector SPDR (XLE) | 0.0 | $1.2M | 18k | 67.42 | |
| Capstead Mortgage Corporation | 0.0 | $954k | 111k | 8.59 | |
| iShares Gold Trust | 0.0 | $1.1M | 83k | 12.74 | |
| Materials SPDR (XLB) | 0.0 | $1.3M | 22k | 56.96 | |
| D Ishares (EEMS) | 0.0 | $1.2M | 22k | 53.36 | |
| Kcap Financial | 0.0 | $1.1M | 341k | 3.14 | |
| Corporate Capital Trust | 0.0 | $1.3M | 76k | 16.90 | |
| Alcentra Cap | 0.0 | $1.2M | 173k | 6.96 | |
| Oaktree Specialty Lending Corp | 0.0 | $1.3M | 312k | 4.21 | |
| U.S. Bancorp (USB) | 0.0 | $274k | 5.4k | 50.47 | |
| Bank of America Corporation (BAC) | 0.0 | $636k | 21k | 29.98 | |
| Coca-Cola Company (KO) | 0.0 | $430k | 9.9k | 43.41 | |
| iShares S&P 500 Index (IVV) | 0.0 | $645k | 2.4k | 265.21 | |
| EOG Resources (EOG) | 0.0 | $352k | 3.3k | 105.20 | |
| Franklin Street Properties (FSP) | 0.0 | $673k | 80k | 8.41 | |
| Visa (V) | 0.0 | $753k | 6.3k | 119.58 | |
| Royal Gold (RGLD) | 0.0 | $338k | 3.9k | 85.96 | |
| iShares Russell 2000 Growth Index (IWO) | 0.0 | $372k | 2.0k | 190.67 | |
| iShares S&P SmallCap 600 Index (IJR) | 0.0 | $288k | 3.7k | 77.03 | |
| Vanguard REIT ETF (VNQ) | 0.0 | $534k | 7.1k | 75.52 | |
| Franco-Nevada Corporation (FNV) | 0.0 | $292k | 4.3k | 68.40 | |
| ETFS Physical Platinum Shares | 0.0 | $387k | 4.4k | 88.56 | |
| WisdomTree LargeCap Dividend Fund (DLN) | 0.0 | $343k | 3.9k | 88.61 | |
| Manatuck Hill Mariner Offshore | 0.0 | $325k | 2.5k | 131.10 | |
| Rsp Permian | 0.0 | $291k | 6.2k | 46.92 | |
| Wheaton Precious Metals Corp (WPM) | 0.0 | $274k | 13k | 20.38 | |
| Continental Resources | 0.0 | $232k | 3.9k | 58.93 | |
| Kimberly-Clark Corporation (KMB) | 0.0 | $221k | 2.0k | 110.06 | |
| Wells Fargo & Company (WFC) | 0.0 | $210k | 4.0k | 52.50 | |
| Vulcan Materials Company (VMC) | 0.0 | $234k | 2.0k | 114.31 | |
| Pioneer Natural Resources | 0.0 | $268k | 1.6k | 171.79 | |
| Potlatch Corporation (PCH) | 0.0 | $249k | 4.8k | 51.96 | |
| Seabridge Gold (SA) | 0.0 | $174k | 16k | 10.77 | |
| iShares Silver Trust (SLV) | 0.0 | $188k | 12k | 15.41 | |
| Vanguard Total Stock Market ETF (VTI) | 0.0 | $218k | 1.6k | 135.66 | |
| iShares Dow Jones EPAC Sel Div Ind (IDV) | 0.0 | $226k | 6.8k | 33.04 | |
| PIMCO Enhanced Short Mat Str Fund ETF (MINT) | 0.0 | $241k | 2.4k | 101.47 | |
| Fortuna Silver Mines | 0.0 | $113k | 22k | 5.23 | |
| XECHEM INTERNATIONAL Inc Com Stk | 0.0 | $0 | 32k | 0.00 | |
| Belo Sun Mining Corp (BSXGF) | 0.0 | $117k | 434k | 0.27 | |
| Kemper Corp Del (KMPR) | 0.0 | $255k | 4.5k | 57.05 | |
| Ishares Tr fltg rate nt (FLOT) | 0.0 | $242k | 4.8k | 50.89 | |
| Sabina Gold & Silver (SGSVF) | 0.0 | $133k | 112k | 1.19 | |
| Harvest Cap Cr | 0.0 | $171k | 17k | 10.24 | |
| Torex Gold Resources (TORXF) | 0.0 | $77k | 13k | 6.09 | |
| Centennial Resource Developmen cs | 0.0 | $189k | 10k | 18.39 |
