Confluence Investment Management

Confluence Investment Management as of Dec. 31, 2016

Portfolio Holdings for Confluence Investment Management

Confluence Investment Management holds 235 positions in its portfolio as reported in the December 2016 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Johnson & Johnson (JNJ) 2.5 $105M 913k 115.21
Pepsi (PEP) 2.5 $103M 979k 104.63
Northern Trust Corporation (NTRS) 2.2 $91M 1.0M 89.05
Microsoft Corporation (MSFT) 2.1 $86M 1.4M 62.14
Chevron Corporation (CVX) 2.1 $86M 732k 117.70
Diageo (DEO) 2.1 $85M 817k 103.94
Paychex (PAYX) 2.0 $85M 1.4M 60.88
Chubb (CB) 2.0 $83M 626k 132.12
3M Company (MMM) 2.0 $83M 462k 178.57
Fastenal Company (FAST) 2.0 $82M 1.8M 46.98
Linear Technology Corporation 1.9 $80M 1.3M 62.35
Southern Company (SO) 1.8 $75M 1.5M 49.19
Kraft Heinz (KHC) 1.8 $75M 856k 87.32
Ares Capital Corporation (ARCC) 1.8 $74M 4.5M 16.49
Progressive Corporation (PGR) 1.8 $72M 2.0M 35.50
Gra (GGG) 1.8 $73M 874k 83.09
Martin Marietta Materials (MLM) 1.7 $71M 318k 221.53
E.I. du Pont de Nemours & Company 1.7 $71M 961k 73.40
Praxair 1.7 $70M 599k 117.19
Colgate-Palmolive Company (CL) 1.7 $70M 1.1M 65.44
Fnf (FNF) 1.7 $69M 2.0M 33.96
Stryker Corporation (SYK) 1.6 $67M 556k 119.81
Iron Mountain (IRM) 1.6 $65M 2.0M 32.48
Weyerhaeuser Company (WY) 1.6 $65M 2.1M 30.09
Rayonier (RYN) 1.6 $64M 2.4M 26.60
Broadridge Financial Solutions (BR) 1.5 $62M 934k 66.30
Pfizer (PFE) 1.5 $61M 1.9M 32.48
GlaxoSmithKline 1.4 $59M 1.5M 38.51
Kinder Morgan (KMI) 1.4 $59M 2.9M 20.71
General Electric Company 1.4 $57M 1.8M 31.60
C.H. Robinson Worldwide (CHRW) 1.4 $56M 766k 73.26
American International (AIG) 1.4 $56M 855k 65.31
Kohl's Corporation (KSS) 1.3 $55M 1.1M 49.38
Allergan 1.3 $52M 248k 210.01
Markel Corporation (MKL) 1.2 $51M 57k 904.51
Discovery Communications 1.1 $47M 1.8M 26.78
Mattel (MAT) 1.1 $46M 1.7M 27.55
Nxp Semiconductors N V (NXPI) 1.1 $46M 465k 98.01
Lowe's Companies (LOW) 1.1 $45M 629k 71.12
Compagnie Fin Richemontag S (CFRUY) 1.0 $43M 6.5M 6.56
MasterCard Incorporated (MA) 1.0 $42M 405k 103.25
American Express Company (AXP) 0.9 $39M 524k 74.08
Digital Realty Trust (DLR) 0.9 $38M 385k 98.26
TJX Companies (TJX) 0.9 $37M 495k 75.13
Illinois Tool Works (ITW) 0.8 $32M 263k 122.46
W.R. Berkley Corporation (WRB) 0.8 $31M 469k 66.51
United Technologies Corporation 0.7 $30M 276k 109.62
Berkshire Hathaway (BRK.B) 0.7 $30M 182k 162.98
iShares Lehman 7-10 Yr Treas. Bond (IEF) 0.7 $27M 262k 104.82
Thermo Fisher Scientific (TMO) 0.6 $26M 185k 141.10
Schlumberger (SLB) 0.6 $26M 307k 83.95
Advisory Board Company 0.6 $24M 734k 33.25
Express Scripts Holding 0.6 $23M 328k 68.79
Brown & Brown (BRO) 0.5 $21M 464k 44.86
Alphabet Inc Class C cs (GOOG) 0.5 $20M 26k 771.79
Donnelley Finl Solutions (DFIN) 0.5 $19M 817k 22.98
MSC Industrial Direct (MSM) 0.4 $18M 193k 92.39
re Max Hldgs Inc cl a (RMAX) 0.4 $18M 314k 56.00
MTS Systems Corporation 0.4 $18M 309k 56.70
Ishares Tr 2023 invtgr bd 0.4 $16M 664k 24.17
Home Depot (HD) 0.4 $15M 111k 134.08
Commerce Bancshares (CBSH) 0.4 $15M 254k 57.81
Golub Capital BDC (GBDC) 0.3 $14M 781k 18.39
M&T Bank Corporation (MTB) 0.3 $14M 88k 156.43
MDU Resources (MDU) 0.3 $14M 486k 28.77
General Dynamics Corporation (GD) 0.3 $14M 81k 172.66
iShares Lehman MBS Bond Fund (MBB) 0.3 $14M 132k 106.34
Analog Devices (ADI) 0.3 $14M 188k 72.62
Donaldson Company (DCI) 0.3 $13M 311k 42.08
New Mountain Finance Corp (NMFC) 0.3 $13M 932k 14.10
Lockheed Martin Corporation (LMT) 0.3 $13M 51k 249.95
SPDR Barclay Cp Intr Trm Cr Bd (SPIB) 0.3 $13M 378k 33.91
Ishares Tr 2018 invtgr bd 0.3 $13M 520k 24.64
Exxon Mobil Corporation (XOM) 0.3 $12M 135k 90.26
Becton, Dickinson and (BDX) 0.3 $12M 75k 165.54
New Jersey Resources Corporation (NJR) 0.3 $12M 344k 35.50
Tcp Capital 0.3 $13M 742k 16.90
SEI Investments Company (SEIC) 0.3 $12M 241k 49.36
McDonald's Corporation (MCD) 0.3 $12M 100k 121.72
Starbucks Corporation (SBUX) 0.3 $12M 217k 55.52
Cullen/Frost Bankers (CFR) 0.3 $12M 131k 88.23
Air Products & Chemicals (APD) 0.3 $12M 80k 143.82
Clorox Company (CLX) 0.3 $12M 96k 120.02
iShares Barclays 20+ Yr Treas.Bond (TLT) 0.3 $12M 98k 119.13
Expeditors International of Washington (EXPD) 0.3 $11M 212k 52.96
Polaris Industries (PII) 0.3 $11M 134k 82.39
T. Rowe Price (TROW) 0.3 $11M 149k 75.26
Procter & Gamble Company (PG) 0.3 $11M 134k 84.08
Solar Cap (SLRC) 0.3 $11M 528k 20.82
Ishares Corporate Bond Etf 202 0.3 $11M 429k 26.23
W.W. Grainger (GWW) 0.3 $11M 45k 232.26
Occidental Petroleum Corporation (OXY) 0.3 $11M 149k 71.23
Nestle SA Reg Shs. Ser. B Spons (NSRGY) 0.2 $10M 141k 71.74
Morningstar (MORN) 0.2 $10M 139k 73.56
Hercules Technology Growth Capital (HTGC) 0.2 $10M 728k 14.11
Medtronic (MDT) 0.2 $10M 140k 71.23
Novartis (NVS) 0.2 $9.3M 128k 72.84
THL Credit 0.2 $9.4M 944k 10.01
Nordstrom 0.2 $9.2M 192k 47.93
Nike (NKE) 0.2 $9.2M 181k 50.83
Claymore Exchange Trd Fd Tr 2024 corp bond 0.2 $9.2M 450k 20.43
Triangle Capital Corporation 0.2 $8.7M 477k 18.34
Triplepoint Venture Gr Bdc cs (TPVG) 0.2 $8.8M 750k 11.78
Spdr Nuveen Barclays Muni Bond Etf nuvn brcly muni (TFI) 0.2 $8.5M 178k 47.44
Vaneck Vectors Etf Tr amt free long mu (MLN) 0.2 $8.8M 454k 19.36
Ishares Tr 2020 invtgr bd 0.2 $8.0M 327k 24.61
Fs Investment Corporation 0.2 $8.0M 778k 10.30
Patterson Companies (PDCO) 0.2 $7.4M 180k 41.03
iShares S&P MidCap 400 Value Index (IJJ) 0.2 $7.5M 52k 145.21
Tpg Specialty Lnding Inc equity 0.2 $7.4M 399k 18.68
PennantPark Investment (PNNT) 0.2 $6.8M 887k 7.66
iShares Barclays Inter Crd Bd Fund ETF) (IGIB) 0.2 $6.5M 60k 108.19
iShares Dow Jones US Technology (IYW) 0.2 $6.4M 53k 120.24
Ishares Tr ibonds dec 22 0.2 $6.5M 258k 25.34
Cys Investments 0.1 $6.0M 774k 7.73
iShares S&P MidCap 400 Growth (IJK) 0.1 $5.6M 31k 182.21
iShares Russell 2000 Value Index (IWN) 0.1 $5.7M 48k 118.94
Ofs Capital (OFS) 0.1 $5.2M 380k 13.76
Stellus Capital Investment (SCM) 0.1 $5.2M 434k 12.06
Black Knight Finl Svcs Inc cl a 0.1 $5.4M 144k 37.80
Ishares Tr ibonds dec 21 0.1 $5.4M 212k 25.28
iShares Russell 2000 Growth Index (IWO) 0.1 $4.8M 31k 153.93
iShares Russell Midcap Growth Idx. (IWP) 0.1 $4.8M 49k 97.38
Claymore Exchange Trd Fd Tr gug bull2019 e 0.1 $4.8M 227k 21.14
Claymore Exchange Trd Fd Tr gug bull2020 e 0.1 $4.8M 226k 21.20
Claymore Exchange Trd Fd Tr gug bull2018 e 0.1 $4.8M 227k 21.18
Gugenheim Bulletshares 2022 Corp Bd 0.1 $4.8M 229k 20.92
Claymore Exchange Trd Fd Tr gugg bulsh 2021 0.1 $4.8M 228k 20.99
iShares S&P SmallCap 600 Growth (IJT) 0.1 $4.4M 30k 149.99
Main Street Capital Corporation (MAIN) 0.1 $4.6M 126k 36.77
Medley Capital Corporation 0.1 $4.4M 587k 7.51
Annaly Capital Management 0.1 $4.1M 412k 9.97
Varian Medical Systems 0.1 $4.1M 46k 89.79
iShares S&P Natl AMTFr Mncpl Bd (MUB) 0.1 $4.0M 37k 108.17
Vanguard Emerging Markets ETF (VWO) 0.1 $3.9M 109k 35.78
iShares Russell 3000 Value Index (IUSV) 0.1 $4.0M 81k 49.14
Hilton Worldwide Holdings (HLT) 0.1 $4.3M 157k 27.20
Health Care SPDR (XLV) 0.1 $3.5M 52k 68.93
VCA Antech 0.1 $3.5M 51k 68.65
Consumer Discretionary SPDR (XLY) 0.1 $3.8M 47k 81.40
Vanguard Long Term Corporate Bond ETF (VCLT) 0.1 $3.8M 42k 89.36
Ishares 2020 Amt-free Muni Bond Etf 0.1 $3.9M 154k 25.24
Mueller Industries (MLI) 0.1 $3.1M 77k 39.96
Industrial SPDR (XLI) 0.1 $3.2M 52k 62.22
Apollo Investment 0.1 $3.2M 551k 5.86
Bank of Marin Ban (BMRC) 0.1 $3.4M 49k 69.75
Vanguard REIT ETF (VNQ) 0.1 $3.3M 40k 82.53
Goldmansachsbdc (GSBD) 0.1 $3.2M 138k 23.52
Spdr S&p 500 Etf (SPY) 0.1 $3.0M 13k 223.50
Gladstone Commercial Corporation (GOOD) 0.1 $2.7M 133k 20.10
Raven Industries 0.1 $3.0M 121k 25.20
Natus Medical 0.1 $2.8M 80k 34.80
Onebeacon Insurance Group Ltd Cl-a 0.1 $2.7M 170k 16.05
Lance 0.1 $3.0M 78k 38.34
iShares 10+ Year Credit Bond Fund ETF (IGLB) 0.1 $2.8M 48k 58.71
I Shares 2019 Etf 0.1 $2.7M 108k 25.33
Halyard Health 0.1 $2.7M 74k 36.97
Ceb 0.1 $2.9M 48k 60.59
Alphabet Inc Class A cs (GOOGL) 0.1 $2.9M 3.6k 792.46
Forward Air Corporation 0.1 $2.6M 55k 47.38
SPDR Gold Trust (GLD) 0.1 $2.6M 24k 109.61
Energy Select Sector SPDR (XLE) 0.1 $2.5M 34k 75.31
John Bean Technologies Corporation (JBTM) 0.1 $2.4M 28k 85.95
Monotype Imaging Holdings 0.1 $2.7M 134k 19.85
Exponent (EXPO) 0.1 $2.4M 40k 60.30
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.1 $2.6M 22k 117.20
Consumer Staples Select Sect. SPDR (XLP) 0.1 $2.4M 47k 51.72
iShares S&P SmallCap 600 Value Idx (IJS) 0.1 $2.3M 17k 140.03
iShares Dow Jones US Financial (IYF) 0.1 $2.5M 25k 101.47
iShares FTSE NAREIT Resi Plus Capp (REZ) 0.1 $2.3M 37k 62.01
Thermon Group Holdings (THR) 0.1 $2.3M 122k 19.09
Potbelly (PBPB) 0.1 $2.6M 201k 12.90
Alcentra Cap 0.1 $2.3M 192k 11.97
Bio-techne Corporation (TECH) 0.1 $2.3M 22k 102.85
Guggenheim Bulletshares 2025 Corp Etf gugenhim 2025 0.1 $2.5M 123k 20.16
Franklin Electric (FELE) 0.1 $2.2M 58k 38.91
Haemonetics Corporation (HAE) 0.1 $2.2M 56k 40.20
Pennantpark Floating Rate Capi (PFLT) 0.1 $2.2M 156k 14.11
Cm Fin 0.1 $2.2M 240k 9.30
Compass Diversified Holdings (CODI) 0.0 $1.6M 88k 17.90
Boston Beer Company (SAM) 0.0 $1.5M 8.7k 169.89
RBC Bearings Incorporated (RBC) 0.0 $1.6M 18k 92.79
Cu (CULP) 0.0 $1.5M 42k 37.15
Vanguard Small-Cap Growth ETF (VBK) 0.0 $1.7M 13k 133.14
Solar Senior Capital 0.0 $1.5M 89k 16.45
Berkshire Hathaway (BRK.A) 0.0 $1.2M 5.00 244200.00
iShares S&P 500 Index (IVV) 0.0 $1.2M 5.1k 224.99
Capstead Mortgage Corporation 0.0 $1.1M 111k 10.19
iShares Gold Trust 0.0 $1.0M 93k 11.08
Blackrock Kelso Capital 0.0 $1.3M 181k 6.96
Gladstone Investment Corporation (GAIN) 0.0 $1.2M 143k 8.46
Kcap Financial 0.0 $1.4M 341k 3.98
Capitala Finance 0.0 $1.1M 86k 12.92
Franklin Street Properties (FSP) 0.0 $778k 60k 12.97
Materials SPDR (XLB) 0.0 $930k 19k 49.72
WisdomTree LargeCap Dividend Fund (DLN) 0.0 $942k 12k 79.90
Vaneck Vectors Amt-free Intermediate Municipal Index Etf etf 0.0 $744k 32k 23.18
Noble Energy 0.0 $251k 6.6k 38.04
Wells Fargo & Company (WFC) 0.0 $227k 4.1k 55.22
Dow Chemical Company 0.0 $447k 7.8k 57.26
Vulcan Materials Company (VMC) 0.0 $289k 2.3k 125.22
Altria (MO) 0.0 $284k 4.2k 67.59
Philip Morris International (PM) 0.0 $221k 2.4k 91.59
iShares Russell 1000 Value Index (IWD) 0.0 $430k 3.8k 111.92
Anheuser-Busch InBev NV (BUD) 0.0 $284k 2.7k 105.58
EOG Resources (EOG) 0.0 $418k 4.1k 101.21
Visa (V) 0.0 $310k 4.0k 77.93
Pioneer Natural Resources 0.0 $254k 1.4k 180.40
Southwestern Energy Company 0.0 $252k 23k 10.82
CONSOL Energy 0.0 $247k 14k 18.24
FMC Corporation (FMC) 0.0 $242k 4.3k 56.53
Royal Gold (RGLD) 0.0 $276k 4.4k 63.32
Cimarex Energy 0.0 $261k 1.9k 135.80
Medallion Financial (MFIN) 0.0 $252k 83k 3.02
iShares Lehman Aggregate Bond (AGG) 0.0 $228k 2.1k 107.85
iShares S&P 500 Growth Index (IVW) 0.0 $230k 1.9k 121.82
iShares S&P 500 Value Index (IVE) 0.0 $381k 3.8k 101.28
Silver Wheaton Corp 0.0 $275k 14k 19.35
iShares S&P SmallCap 600 Index (IJR) 0.0 $245k 1.8k 137.72
Vanguard Total Stock Market ETF (VTI) 0.0 $523k 4.5k 115.43
Hallador Energy (HNRG) 0.0 $297k 33k 9.10
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.0 $564k 5.4k 104.93
Franco-Nevada Corporation (FNV) 0.0 $283k 4.7k 59.78
ETFS Physical Platinum Shares 0.0 $329k 3.8k 86.40
iShares Dow Jones EPAC Sel Div Ind (IDV) 0.0 $501k 17k 29.59
WisdomTree LargeCap Value Fund (WTV) 0.0 $275k 4.1k 67.70
Manatuck Hill Mariner Offshore 0.0 $366k 2.7k 138.11
Vanguard Equity Income Admiral (VEIRX) 0.0 $221k 3.2k 68.27
Harvest Cap Cr 0.0 $230k 17k 13.77
Rsp Permian 0.0 $257k 5.8k 44.59
Parsley Energy Inc-class A 0.0 $258k 7.3k 35.20
Coca-Cola Company (KO) 0.0 $201k 4.9k 41.44
Cameco Corporation (CCJ) 0.0 $129k 12k 10.45
Apple (AAPL) 0.0 $201k 1.7k 115.78
Sandstorm Gold (SAND) 0.0 $178k 46k 3.91