Confluence Investment Management

Confluence Investment Management as of March 31, 2017

Portfolio Holdings for Confluence Investment Management

Confluence Investment Management holds 235 positions in its portfolio as reported in the March 2017 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Johnson & Johnson (JNJ) 2.7 $121M 970k 124.55
Pepsi (PEP) 2.6 $117M 1.0M 111.86
Diageo (DEO) 2.3 $102M 883k 115.58
Microsoft Corporation (MSFT) 2.1 $95M 1.4M 65.86
Colgate-Palmolive Company (CL) 2.1 $93M 1.3M 73.19
3M Company (MMM) 2.1 $92M 481k 191.33
Chubb (CB) 2.0 $92M 675k 136.25
Northern Trust Corporation (NTRS) 2.0 $89M 1.0M 86.58
Fastenal Company (FAST) 2.0 $89M 1.7M 51.50
Paychex (PAYX) 1.9 $86M 1.5M 58.90
Fnf (FNF) 1.9 $86M 2.2M 38.94
Chevron Corporation (CVX) 1.9 $85M 789k 107.37
Southern Company (SO) 1.9 $84M 1.7M 49.78
Gra (GGG) 1.9 $84M 891k 94.14
Progressive Corporation (PGR) 1.8 $81M 2.1M 39.18
Ares Capital Corporation (ARCC) 1.8 $81M 4.7M 17.38
Kraft Heinz (KHC) 1.8 $81M 893k 90.81
E.I. du Pont de Nemours & Company 1.8 $79M 982k 80.33
Praxair 1.8 $79M 666k 118.60
Weyerhaeuser Company (WY) 1.7 $78M 2.3M 33.98
Iron Mountain (IRM) 1.7 $78M 2.2M 35.67
GlaxoSmithKline 1.7 $76M 1.8M 42.16
Rayonier (RYN) 1.7 $75M 2.7M 28.34
Martin Marietta Materials (MLM) 1.7 $75M 344k 218.25
Stryker Corporation (SYK) 1.6 $73M 557k 131.65
Pfizer (PFE) 1.6 $71M 2.1M 34.21
Kinder Morgan (KMI) 1.6 $71M 3.3M 21.74
Broadridge Financial Solutions (BR) 1.5 $66M 969k 67.95
Allergan 1.4 $64M 266k 238.92
Polaris Industries (PII) 1.4 $61M 731k 83.80
Markel Corporation (MKL) 1.3 $60M 61k 975.85
American International (AIG) 1.3 $58M 923k 62.43
General Electric Company 1.3 $57M 1.9M 29.80
Discovery Communications 1.2 $56M 2.0M 28.31
Compagnie Fin Richemontag S (CFRUY) 1.2 $54M 6.9M 7.86
Nxp Semiconductors N V (NXPI) 1.1 $51M 492k 103.50
Lowe's Companies (LOW) 1.1 $48M 578k 82.21
Kohl's Corporation (KSS) 1.0 $46M 1.2M 39.81
MasterCard Incorporated (MA) 1.0 $46M 405k 112.47
Digital Realty Trust (DLR) 0.9 $42M 399k 106.39
American Express Company (AXP) 0.9 $42M 528k 79.11
TJX Companies (TJX) 0.9 $40M 505k 79.08
Analog Devices (ADI) 0.9 $40M 483k 81.95
Advisory Board Company 0.8 $37M 785k 46.80
Illinois Tool Works (ITW) 0.8 $35M 263k 132.47
C.H. Robinson Worldwide (CHRW) 0.7 $32M 418k 77.29
W.R. Berkley Corporation (WRB) 0.7 $32M 453k 70.63
United Technologies Corporation 0.7 $30M 268k 112.21
Berkshire Hathaway (BRK.B) 0.7 $30M 179k 166.68
iShares Lehman 7-10 Yr Treas. Bond (IEF) 0.7 $29M 275k 105.59
Thermo Fisher Scientific (TMO) 0.6 $28M 184k 153.60
Starbucks Corporation (SBUX) 0.6 $28M 473k 58.39
Schlumberger (SLB) 0.5 $24M 311k 78.10
Alphabet Inc Class C cs (GOOG) 0.5 $23M 28k 829.56
Express Scripts Holding 0.5 $22M 340k 65.91
MSC Industrial Direct (MSM) 0.5 $21M 200k 102.76
Brown & Brown (BRO) 0.5 $20M 482k 41.72
MTS Systems Corporation 0.4 $18M 333k 55.05
iShares Lehman MBS Bond Fund (MBB) 0.4 $18M 164k 106.55
Ishares Tr 2023 invtgr bd 0.4 $17M 710k 24.36
Home Depot (HD) 0.4 $17M 117k 146.83
Becton, Dickinson and (BDX) 0.3 $15M 80k 183.44
Donaldson Company (DCI) 0.3 $15M 327k 45.52
Commerce Bancshares (CBSH) 0.3 $15M 266k 56.16
Medtronic (MDT) 0.3 $15M 186k 80.56
M&T Bank Corporation (MTB) 0.3 $14M 92k 154.73
Clorox Company (CLX) 0.3 $14M 106k 134.83
New Jersey Resources Corporation (NJR) 0.3 $15M 366k 39.60
McDonald's Corporation (MCD) 0.3 $14M 106k 129.61
MDU Resources (MDU) 0.3 $14M 514k 27.37
General Dynamics Corporation (GD) 0.3 $14M 73k 187.20
Golub Capital BDC (GBDC) 0.3 $14M 706k 19.88
SPDR Barclay Cp Intr Trm Cr Bd (SPIB) 0.3 $14M 405k 34.13
New Mountain Finance Corp (NMFC) 0.3 $14M 927k 14.90
Ishares Tr 2018 invtgr bd 0.3 $14M 557k 24.68
Lockheed Martin Corporation (LMT) 0.3 $14M 51k 267.61
re Max Hldgs Inc cl a (RMAX) 0.3 $14M 228k 59.45
Donnelley Finl Solutions (DFIN) 0.3 $14M 707k 19.29
SEI Investments Company (SEIC) 0.3 $13M 258k 50.44
Procter & Gamble Company (PG) 0.3 $13M 146k 89.85
Tcp Capital 0.3 $13M 735k 17.42
Morningstar (MORN) 0.3 $13M 160k 78.60
Expeditors International of Washington (EXPD) 0.3 $12M 213k 56.49
Cullen/Frost Bankers (CFR) 0.3 $12M 136k 88.97
Nestle SA Reg Shs. Ser. B Spons (NSRGY) 0.3 $12M 160k 76.90
Ishares Corporate Bond Etf 202 0.3 $12M 458k 26.41
Exxon Mobil Corporation (XOM) 0.3 $12M 144k 82.01
W.W. Grainger (GWW) 0.3 $12M 49k 232.76
Air Products & Chemicals (APD) 0.3 $12M 87k 135.29
Solar Cap (SLRC) 0.3 $12M 510k 22.61
T. Rowe Price (TROW) 0.2 $11M 163k 68.15
Nike (NKE) 0.2 $11M 202k 55.73
Novartis (NVS) 0.2 $11M 145k 74.27
Occidental Petroleum Corporation (OXY) 0.2 $11M 170k 63.36
Hercules Technology Growth Capital (HTGC) 0.2 $11M 723k 15.13
Claymore Exchange Trd Fd Tr 2024 corp bond 0.2 $11M 517k 20.57
Nordstrom 0.2 $10M 220k 46.57
THL Credit 0.2 $11M 1.0M 9.96
Triplepoint Venture Gr Bdc cs (TPVG) 0.2 $10M 728k 13.94
Patterson Companies (PDCO) 0.2 $10M 221k 45.23
iShares Russell Midcap Value Index (IWS) 0.2 $9.7M 116k 82.99
Triangle Capital Corporation 0.2 $9.8M 514k 19.09
iShares Barclays 20+ Yr Treas.Bond (TLT) 0.2 $9.6M 79k 120.71
iShares S&P MidCap 400 Value Index (IJJ) 0.2 $9.1M 61k 148.44
Spdr Nuveen Barclays Muni Bond Etf nuvn brcly muni (TFI) 0.2 $9.0M 187k 47.92
Ishares Tr 2020 invtgr bd 0.2 $8.6M 349k 24.63
Tpg Specialty Lnding Inc equity 0.2 $8.3M 407k 20.39
Vaneck Vectors Etf Tr amt free long mu (MLN) 0.2 $8.6M 442k 19.56
PennantPark Investment (PNNT) 0.2 $7.5M 925k 8.14
iShares Barclays Inter Crd Bd Fund ETF) (IGIB) 0.2 $7.0M 64k 108.96
Fs Investment Corporation 0.2 $7.0M 718k 9.80
Ishares Tr ibonds dec 22 0.2 $7.1M 277k 25.74
iShares Dow Jones US Financial (IYF) 0.1 $6.9M 66k 104.05
iShares Dow Jones US Technology (IYW) 0.1 $6.6M 49k 135.17
Cys Investments 0.1 $6.8M 874k 7.77
Ofs Capital (OFS) 0.1 $6.4M 450k 14.19
Stellus Capital Investment (SCM) 0.1 $6.2M 427k 14.55
Health Care SPDR (XLV) 0.1 $5.6M 75k 74.36
Black Knight Finl Svcs Inc cl a 0.1 $5.9M 155k 38.30
Ishares Tr ibonds dec 21 0.1 $5.9M 231k 25.64
Annaly Capital Management 0.1 $5.2M 462k 11.17
Varian Medical Systems 0.1 $5.4M 59k 91.14
iShares Russell Midcap Growth Idx. (IWP) 0.1 $5.2M 50k 103.75
Claymore Exchange Trd Fd Tr gug bull2019 e 0.1 $5.2M 244k 21.23
Claymore Exchange Trd Fd Tr gug bull2020 e 0.1 $5.2M 243k 21.39
Claymore Exchange Trd Fd Tr gug bull2018 e 0.1 $5.2M 244k 21.23
Gugenheim Bulletshares 2022 Corp Bd 0.1 $5.2M 246k 21.05
Claymore Exchange Trd Fd Tr gugg bulsh 2021 0.1 $5.2M 245k 21.15
Industrial SPDR (XLI) 0.1 $5.0M 77k 65.05
iShares Russell 2000 Value Index (IWN) 0.1 $4.9M 42k 118.17
Consumer Discretionary SPDR (XLY) 0.1 $5.0M 56k 87.96
Main Street Capital Corporation (MAIN) 0.1 $4.8M 126k 38.27
VCA Antech 0.1 $4.5M 50k 91.50
iShares S&P Natl AMTFr Mncpl Bd (MUB) 0.1 $4.7M 43k 108.96
Medley Capital Corporation 0.1 $4.6M 587k 7.89
Raven Industries 0.1 $3.9M 133k 29.05
Ishares 2020 Amt-free Muni Bond Etf 0.1 $4.2M 163k 25.56
Energy Select Sector SPDR (XLE) 0.1 $3.6M 52k 69.89
Monotype Imaging Holdings 0.1 $3.4M 170k 20.10
Natus Medical 0.1 $3.8M 97k 39.25
Apollo Investment 0.1 $3.6M 551k 6.56
Consumer Staples Select Sect. SPDR (XLP) 0.1 $3.8M 69k 54.57
Lance 0.1 $3.4M 85k 40.31
Vanguard REIT ETF (VNQ) 0.1 $3.7M 45k 82.59
Potbelly (PBPB) 0.1 $3.5M 255k 13.90
Halyard Health 0.1 $3.4M 89k 38.09
Ceb 0.1 $3.7M 47k 78.59
Hilton Worldwide Holdings (HLT) 0.1 $3.4M 58k 58.47
Spdr S&p 500 Etf (SPY) 0.1 $3.3M 14k 235.76
Forward Air Corporation 0.1 $3.3M 69k 47.57
Gladstone Commercial Corporation (GOOD) 0.1 $3.0M 147k 20.67
Boston Beer Company (SAM) 0.1 $3.2M 22k 144.66
iShares S&P MidCap 400 Growth (IJK) 0.1 $3.0M 16k 190.91
Bank of Marin Ban (BMRC) 0.1 $3.3M 51k 64.35
Thermon Group Holdings (THR) 0.1 $3.3M 157k 20.84
I Shares 2019 Etf 0.1 $2.9M 115k 25.53
Bio-techne Corporation (TECH) 0.1 $3.0M 29k 101.66
Goldmansachsbdc (GSBD) 0.1 $3.3M 133k 24.64
Franklin Electric (FELE) 0.1 $2.8M 65k 43.06
John Bean Technologies Corporation (JBTM) 0.1 $2.5M 29k 87.94
Exponent (EXPO) 0.1 $2.6M 44k 59.56
Onebeacon Insurance Group Ltd Cl-a 0.1 $2.8M 174k 16.00
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.1 $2.9M 24k 117.90
iShares Russell 2000 Growth Index (IWO) 0.1 $2.6M 16k 161.64
iShares S&P SmallCap 600 Value Idx (IJS) 0.1 $2.6M 19k 138.64
iShares FTSE NAREIT Resi Plus Capp (REZ) 0.1 $2.7M 42k 63.15
Pennantpark Floating Rate Capi (PFLT) 0.1 $2.5M 181k 13.94
Alcentra Cap 0.1 $2.8M 204k 13.74
Alphabet Inc Class A cs (GOOGL) 0.1 $2.8M 3.4k 847.87
Guggenheim Bulletshares 2025 Corp Etf gugenhim 2025 0.1 $2.8M 137k 20.32
Haemonetics Corporation (HAE) 0.1 $2.2M 55k 40.57
RBC Bearings Incorporated (RBC) 0.1 $2.1M 22k 97.11
iShares Dow Jones US Utilities (IDU) 0.1 $2.3M 18k 128.41
iShares 10+ Year Credit Bond Fund ETF (IGLB) 0.1 $2.4M 41k 59.25
Vanguard Long Term Corporate Bond ETF (VCLT) 0.1 $2.3M 26k 89.92
Capitala Finance 0.1 $2.4M 164k 14.36
Cm Fin 0.1 $2.4M 237k 10.15
Cu (CULP) 0.0 $1.8M 58k 31.21
iShares iBoxx $ High Yid Corp Bond (HYG) 0.0 $1.8M 21k 87.78
SPDR Barclays Capital High Yield B 0.0 $1.9M 50k 36.94
Solar Senior Capital 0.0 $1.6M 88k 17.98
Berkshire Hathaway (BRK.A) 0.0 $1.2M 5.00 249800.00
iShares S&P 500 Index (IVV) 0.0 $1.3M 5.4k 237.30
Capstead Mortgage Corporation 0.0 $1.2M 111k 10.45
Gladstone Investment Corporation (GAIN) 0.0 $1.3M 143k 9.07
Kcap Financial 0.0 $1.4M 341k 4.07
Dow Chemical Company 0.0 $775k 12k 63.56
Franklin Street Properties (FSP) 0.0 $728k 60k 12.13
iShares Gold Trust 0.0 $1.1M 93k 12.01
Materials SPDR (XLB) 0.0 $1.1M 21k 52.42
Blackrock Kelso Capital 0.0 $1.1M 145k 7.54
iShares S&P SmallCap 600 Growth (IJT) 0.0 $1.1M 7.1k 153.02
WisdomTree LargeCap Dividend Fund (DLN) 0.0 $857k 10k 82.89
JPMorgan Chase & Co. (JPM) 0.0 $337k 3.8k 87.76
Coca-Cola Company (KO) 0.0 $232k 5.5k 42.45
Wells Fargo & Company (WFC) 0.0 $229k 4.1k 55.57
Vulcan Materials Company (VMC) 0.0 $277k 2.3k 120.38
Altria (MO) 0.0 $342k 4.8k 71.41
iShares Russell 1000 Value Index (IWD) 0.0 $568k 4.9k 114.84
Qualcomm (QCOM) 0.0 $278k 4.8k 57.43
EOG Resources (EOG) 0.0 $350k 3.6k 97.68
Visa (V) 0.0 $612k 6.9k 88.88
Pioneer Natural Resources 0.0 $260k 1.4k 186.11
Compass Diversified Holdings (CODI) 0.0 $415k 25k 16.60
Royal Gold (RGLD) 0.0 $304k 4.3k 70.08
Cimarex Energy 0.0 $228k 1.9k 119.56
iShares S&P 500 Growth Index (IVW) 0.0 $246k 1.9k 131.34
iShares S&P 500 Value Index (IVE) 0.0 $578k 5.6k 104.01
Silver Wheaton Corp 0.0 $295k 14k 20.82
iShares Silver Trust (SLV) 0.0 $240k 14k 17.28
iShares S&P SmallCap 600 Index (IJR) 0.0 $246k 3.6k 69.14
Hallador Energy (HNRG) 0.0 $259k 32k 8.00
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.0 $593k 5.6k 105.25
Franco-Nevada Corporation (FNV) 0.0 $309k 4.7k 65.56
SPDR DJ Wilshire REIT (RWR) 0.0 $612k 6.6k 92.32
ETFS Physical Platinum Shares 0.0 $343k 3.8k 90.81
iShares Dow Jones EPAC Sel Div Ind (IDV) 0.0 $418k 13k 31.43
PowerShares S&P SllCp Egy Ptflio 0.0 $642k 35k 18.16
Manatuck Hill Mariner Offshore 0.0 $347k 2.7k 130.94
Rsp Permian 0.0 $238k 5.7k 41.49
Parsley Energy Inc-class A 0.0 $236k 7.3k 32.46
Varex Imaging (VREX) 0.0 $652k 19k 33.59
Eli Lilly & Co. (LLY) 0.0 $206k 2.4k 84.12
Cameco Corporation (CCJ) 0.0 $191k 17k 11.07
Southwestern Energy Company 0.0 $190k 23k 8.17
Potlatch Corporation (PCH) 0.0 $211k 4.6k 45.63
Medallion Financial (MFIN) 0.0 $107k 54k 1.98
SPDR S&P MidCap 400 ETF (MDY) 0.0 $220k 703.00 312.94
Vanguard Total Stock Market ETF (VTI) 0.0 $221k 1.8k 121.23
First Majestic Silver Corp (AG) 0.0 $129k 16k 8.12
Fortuna Silver Mines 0.0 $127k 24k 5.20
Belo Sun Mining Corp (BSXGF) 0.0 $123k 189k 0.65
Sandstorm Gold (SAND) 0.0 $194k 45k 4.28
Sabina Gold & Silver (SGSVF) 0.0 $146k 126k 1.16
Harvest Cap Cr 0.0 $220k 17k 13.17