Confluence Investment Management

Confluence Investment Management as of June 30, 2017

Portfolio Holdings for Confluence Investment Management

Confluence Investment Management holds 238 positions in its portfolio as reported in the June 2017 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Johnson & Johnson (JNJ) 2.7 $133M 1.0M 132.29
Pepsi (PEP) 2.6 $127M 1.1M 115.49
Northern Trust Corporation (NTRS) 2.3 $113M 1.2M 97.21
Diageo (DEO) 2.3 $112M 935k 119.83
Fastenal Company (FAST) 2.1 $104M 2.4M 43.53
Chubb (CB) 2.1 $103M 710k 145.38
3M Company (MMM) 2.1 $103M 494k 208.19
Polaris Industries (PII) 2.1 $102M 1.1M 92.23
Microsoft Corporation (MSFT) 2.1 $101M 1.5M 68.93
Fnf (FNF) 2.1 $101M 2.3M 44.83
Colgate-Palmolive Company (CL) 2.0 $97M 1.3M 74.13
Gra (GGG) 1.9 $96M 878k 109.28
Praxair 1.9 $94M 709k 132.55
Paychex (PAYX) 1.9 $93M 1.6M 56.94
Progressive Corporation (PGR) 1.9 $93M 2.1M 44.09
Chevron Corporation (CVX) 1.8 $88M 844k 104.33
Southern Company (SO) 1.8 $86M 1.8M 47.88
GlaxoSmithKline 1.7 $83M 1.9M 43.12
Rayonier (RYN) 1.7 $82M 2.8M 28.77
E.I. du Pont de Nemours & Company 1.6 $81M 1000k 80.71
Ares Capital Corporation (ARCC) 1.6 $80M 4.9M 16.38
Iron Mountain (IRM) 1.6 $80M 2.3M 34.36
Kraft Heinz (KHC) 1.6 $80M 929k 85.64
Martin Marietta Materials (MLM) 1.6 $78M 351k 222.58
Weyerhaeuser Company (WY) 1.6 $78M 2.3M 33.50
Kinder Morgan (KMI) 1.6 $78M 4.1M 19.16
Stryker Corporation (SYK) 1.6 $78M 558k 138.78
General Electric Company 1.6 $77M 2.8M 27.01
Broadridge Financial Solutions (BR) 1.5 $75M 994k 75.56
Pfizer (PFE) 1.5 $75M 2.2M 33.59
Allergan 1.5 $72M 295k 243.09
Markel Corporation (MKL) 1.3 $66M 68k 975.86
American International (AIG) 1.3 $65M 1.0M 62.52
Compagnie Fin Richemontag S (CFRUY) 1.3 $63M 7.7M 8.24
Discovery Communications 1.1 $56M 2.2M 25.21
Nxp Semiconductors N V (NXPI) 1.0 $49M 451k 109.45
MasterCard Incorporated (MA) 1.0 $47M 389k 121.45
Digital Realty Trust (DLR) 0.9 $46M 409k 112.95
Kohl's Corporation (KSS) 0.9 $46M 1.2M 38.67
American Express Company (AXP) 0.9 $46M 540k 84.24
Advisory Board Company 0.9 $45M 869k 51.50
TJX Companies (TJX) 0.9 $42M 587k 72.17
Starbucks Corporation (SBUX) 0.8 $41M 709k 58.31
Illinois Tool Works (ITW) 0.8 $38M 265k 143.25
Analog Devices (ADI) 0.8 $37M 481k 77.80
Schlumberger (SLB) 0.7 $36M 543k 65.84
United Technologies Corporation 0.7 $34M 278k 122.11
Thermo Fisher Scientific (TMO) 0.7 $33M 191k 174.47
W.R. Berkley Corporation (WRB) 0.7 $33M 471k 69.17
Berkshire Hathaway (BRK.B) 0.7 $32M 189k 169.37
C.H. Robinson Worldwide (CHRW) 0.6 $30M 442k 68.68
iShares Lehman 7-10 Yr Treas. Bond (IEF) 0.6 $31M 287k 106.61
MSC Industrial Direct (MSM) 0.6 $27M 319k 85.96
Lowe's Companies (LOW) 0.6 $27M 350k 77.53
Alphabet Inc Class C cs (GOOG) 0.5 $26M 29k 908.73
Axalta Coating Sys (AXTA) 0.5 $25M 763k 32.04
Express Scripts Holding 0.5 $24M 372k 63.84
Brown & Brown (BRO) 0.4 $21M 488k 43.07
MTS Systems Corporation 0.4 $19M 357k 51.80
Home Depot (HD) 0.4 $18M 119k 153.40
iShares Lehman MBS Bond Fund (MBB) 0.4 $18M 171k 106.76
Ishares Tr 2023 invtgr bd 0.4 $18M 733k 24.54
Natus Medical 0.3 $17M 459k 37.30
McDonald's Corporation (MCD) 0.3 $17M 108k 153.16
Medtronic (MDT) 0.3 $17M 191k 88.75
Becton, Dickinson and (BDX) 0.3 $16M 82k 195.11
Commerce Bancshares (CBSH) 0.3 $16M 274k 56.83
M&T Bank Corporation (MTB) 0.3 $15M 95k 161.95
Donaldson Company (DCI) 0.3 $15M 336k 45.54
Lockheed Martin Corporation (LMT) 0.3 $15M 53k 277.60
General Dynamics Corporation (GD) 0.3 $15M 75k 198.10
Clorox Company (CLX) 0.3 $15M 109k 133.24
Morningstar (MORN) 0.3 $15M 186k 78.34
New Jersey Resources Corporation (NJR) 0.3 $15M 374k 39.70
SEI Investments Company (SEIC) 0.3 $14M 269k 53.78
Nestle SA Reg Shs. Ser. B Spons (NSRGY) 0.3 $15M 166k 87.20
SPDR Barclay Cp Intr Trm Cr Bd (SPIB) 0.3 $14M 418k 34.41
Ishares Tr 2018 invtgr bd 0.3 $14M 576k 24.66
MDU Resources (MDU) 0.3 $14M 531k 26.20
Air Products & Chemicals (APD) 0.3 $13M 91k 143.06
Procter & Gamble Company (PG) 0.3 $13M 153k 87.15
Golub Capital BDC (GBDC) 0.3 $13M 686k 19.12
New Mountain Finance Corp (NMFC) 0.3 $14M 928k 14.55
Cullen/Frost Bankers (CFR) 0.3 $13M 138k 93.91
T. Rowe Price (TROW) 0.3 $13M 172k 74.21
Novartis (NVS) 0.3 $13M 153k 83.47
Nike (NKE) 0.3 $13M 214k 59.00
Tcp Capital 0.3 $13M 763k 16.90
Ishares Corporate Bond Etf 202 0.3 $13M 473k 26.68
Expeditors International of Washington (EXPD) 0.2 $12M 216k 56.48
Exxon Mobil Corporation (XOM) 0.2 $12M 151k 80.73
re Max Hldgs Inc cl a (RMAX) 0.2 $12M 209k 56.05
Claymore Exchange Trd Fd Tr 2024 corp bond 0.2 $12M 555k 20.84
Nordstrom 0.2 $11M 236k 47.83
Patterson Companies (PDCO) 0.2 $11M 237k 46.95
Solar Cap (SLRC) 0.2 $11M 499k 21.87
iShares Barclays 20+ Yr Treas.Bond (TLT) 0.2 $11M 85k 125.12
THL Credit 0.2 $11M 1.1M 9.95
iShares S&P MidCap 400 Value Index (IJJ) 0.2 $10M 68k 148.55
iShares Dow Jones US Technology (IYW) 0.2 $10M 73k 139.73
W.W. Grainger (GWW) 0.2 $9.7M 54k 180.52
Ross Stores (ROST) 0.2 $10M 174k 57.73
iShares S&P MidCap 400 Growth (IJK) 0.2 $9.6M 49k 196.61
Triplepoint Venture Gr Bdc cs (TPVG) 0.2 $9.6M 719k 13.31
Spdr Nuveen Barclays Muni Bond Etf nuvn brcly muni (TFI) 0.2 $9.3M 191k 48.69
Triangle Capital Corporation 0.2 $9.0M 508k 17.62
Ishares Tr 2020 invtgr bd 0.2 $8.9M 361k 24.64
Vaneck Vectors Etf Tr amt free long mu (MLN) 0.2 $9.0M 452k 19.87
Hercules Technology Growth Capital (HTGC) 0.2 $8.2M 616k 13.24
iShares Dow Jones US Financial (IYF) 0.2 $8.1M 76k 107.52
Cys Investments 0.2 $7.8M 912k 8.59
Tpg Specialty Lnding Inc equity 0.2 $7.9M 384k 20.45
iShares Barclays Inter Crd Bd Fund ETF) (IGIB) 0.1 $7.3M 66k 109.78
iShares FTSE NAREIT Resi Plus Capp (REZ) 0.1 $7.4M 114k 65.07
Ishares Tr ibonds dec 22 0.1 $7.4M 285k 26.01
Health Care SPDR (XLV) 0.1 $6.8M 86k 79.24
PennantPark Investment (PNNT) 0.1 $6.9M 929k 7.39
Stellus Capital Investment (SCM) 0.1 $7.0M 512k 13.71
Black Knight Finl Svcs Inc cl a 0.1 $6.8M 165k 40.95
Donnelley Finl Solutions (DFIN) 0.1 $7.0M 305k 22.96
Varian Medical Systems 0.1 $6.3M 61k 103.19
Ofs Capital (OFS) 0.1 $6.4M 450k 14.31
Industrial SPDR (XLI) 0.1 $6.0M 88k 68.11
Consumer Discretionary SPDR (XLY) 0.1 $5.8M 64k 89.62
iShares Russell Midcap Growth Idx. (IWP) 0.1 $6.0M 56k 108.07
Fs Investment Corporation 0.1 $6.1M 669k 9.15
Ishares Tr ibonds dec 21 0.1 $6.1M 238k 25.80
Annaly Capital Management 0.1 $5.6M 462k 12.14
iShares Russell Midcap Value Index (IWS) 0.1 $5.3M 63k 84.09
Claymore Exchange Trd Fd Tr gug bull2019 e 0.1 $5.4M 252k 21.26
Claymore Exchange Trd Fd Tr gug bull2020 e 0.1 $5.4M 251k 21.48
Claymore Exchange Trd Fd Tr gug bull2018 e 0.1 $5.4M 252k 21.25
Gugenheim Bulletshares 2022 Corp Bd 0.1 $5.4M 254k 21.32
Claymore Exchange Trd Fd Tr gugg bulsh 2021 0.1 $5.4M 253k 21.30
iShares S&P Natl AMTFr Mncpl Bd (MUB) 0.1 $4.7M 43k 110.12
VCA Antech 0.1 $4.2M 46k 92.31
Raven Industries 0.1 $4.4M 133k 33.30
Movado (MOV) 0.1 $4.4M 175k 25.25
Main Street Capital Corporation (MAIN) 0.1 $4.6M 120k 38.46
Thermon Group Holdings (THR) 0.1 $4.2M 221k 19.17
Ishares 2020 Amt-free Muni Bond Etf 0.1 $4.3M 167k 25.59
Forward Air Corporation 0.1 $4.1M 76k 53.28
Innophos Holdings 0.1 $4.0M 90k 43.84
iShares Russell 2000 Value Index (IWN) 0.1 $4.0M 34k 118.87
Halyard Health 0.1 $3.9M 100k 39.29
Veritex Hldgs (VBTX) 0.1 $3.8M 143k 26.33
Spdr S&p 500 Etf (SPY) 0.1 $3.6M 15k 241.83
Franklin Electric (FELE) 0.1 $3.4M 81k 41.40
Boston Beer Company (SAM) 0.1 $3.4M 26k 132.14
Monotype Imaging Holdings 0.1 $3.6M 195k 18.30
Apollo Investment 0.1 $3.5M 551k 6.39
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.1 $3.2M 27k 120.50
iShares S&P SmallCap 600 Growth (IJT) 0.1 $3.7M 24k 155.95
Bank of Marin Ban (BMRC) 0.1 $3.3M 54k 61.55
Medley Capital Corporation 0.1 $3.5M 587k 5.92
Potbelly (PBPB) 0.1 $3.4M 299k 11.50
Bio-techne Corporation (TECH) 0.1 $3.6M 31k 117.51
Goldmansachsbdc (GSBD) 0.1 $3.4M 151k 22.52
Hilton Worldwide Holdings (HLT) 0.1 $3.5M 56k 61.85
Energy Select Sector SPDR (XLE) 0.1 $2.9M 45k 64.91
John Bean Technologies Corporation (JBTM) 0.1 $2.8M 28k 98.01
Exponent (EXPO) 0.1 $2.8M 47k 58.31
Onebeacon Insurance Group Ltd Cl-a 0.1 $3.1M 172k 18.23
Cu (CULP) 0.1 $2.8M 87k 32.50
iShares Russell 2000 Growth Index (IWO) 0.1 $3.0M 18k 168.77
Consumer Staples Select Sect. SPDR (XLP) 0.1 $3.0M 55k 54.95
Lance 0.1 $3.2M 91k 34.62
iShares 10+ Year Credit Bond Fund ETF (IGLB) 0.1 $2.8M 45k 61.63
I Shares 2019 Etf 0.1 $3.0M 117k 25.52
Alcentra Cap 0.1 $2.8M 210k 13.59
Alphabet Inc Class A cs (GOOGL) 0.1 $3.1M 3.4k 929.65
Guggenheim Bulletshares 2025 Corp Etf gugenhim 2025 0.1 $3.0M 145k 20.65
RBC Bearings Incorporated (RBC) 0.1 $2.4M 23k 101.76
iShares iBoxx $ High Yid Corp Bond (HYG) 0.1 $2.7M 30k 88.38
iShares Dow Jones US Utilities (IDU) 0.1 $2.7M 21k 130.02
iShares S&P SmallCap 600 Value Idx (IJS) 0.1 $2.4M 17k 139.80
SPDR Barclays Capital High Yield B 0.1 $2.6M 71k 37.20
Vanguard Long Term Corporate Bond ETF (VCLT) 0.1 $2.7M 29k 93.31
Pennantpark Floating Rate Capi (PFLT) 0.1 $2.5M 178k 14.12
Cm Fin 0.1 $2.3M 230k 10.00
Haemonetics Corporation (HAE) 0.0 $2.1M 54k 39.49
Capitala Finance 0.0 $2.1M 164k 13.01
Berkshire Hathaway (BRK.A) 0.0 $1.3M 5.00 254600.00
Materials SPDR (XLB) 0.0 $1.3M 24k 53.82
Solar Senior Capital 0.0 $1.4M 84k 16.75
Dow Chemical Company 0.0 $933k 15k 63.04
Gartner (IT) 0.0 $1.2M 9.9k 123.49
iShares S&P 500 Index (IVV) 0.0 $769k 3.2k 243.59
Capstead Mortgage Corporation 0.0 $1.2M 111k 10.45
iShares Gold Trust 0.0 $1.1M 89k 11.94
Vanguard REIT ETF (VNQ) 0.0 $889k 11k 83.19
Kcap Financial 0.0 $1.2M 341k 3.53
JPMorgan Chase & Co. (JPM) 0.0 $668k 7.3k 91.38
Bank of America Corporation (BAC) 0.0 $268k 11k 24.28
Coca-Cola Company (KO) 0.0 $387k 8.6k 44.88
Wells Fargo & Company (WFC) 0.0 $259k 4.7k 55.40
Vulcan Materials Company (VMC) 0.0 $276k 2.2k 126.72
Altria (MO) 0.0 $500k 6.7k 74.46
iShares Russell 1000 Value Index (IWD) 0.0 $346k 3.0k 116.26
Qualcomm (QCOM) 0.0 $491k 8.9k 55.21
EOG Resources (EOG) 0.0 $310k 3.4k 90.51
Franklin Street Properties (FSP) 0.0 $665k 60k 11.08
Visa (V) 0.0 $665k 7.1k 93.73
Royal Gold (RGLD) 0.0 $321k 4.1k 78.25
Blackrock Kelso Capital 0.0 $317k 42k 7.51
iShares S&P 500 Growth Index (IVW) 0.0 $536k 3.9k 136.91
iShares S&P 500 Value Index (IVE) 0.0 $613k 5.8k 105.02
iShares S&P SmallCap 600 Index (IJR) 0.0 $249k 3.6k 69.98
Vanguard Total Stock Market ETF (VTI) 0.0 $288k 2.3k 124.41
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.0 $714k 6.8k 105.37
Gladstone Investment Corporation (GAIN) 0.0 $276k 29k 9.40
Franco-Nevada Corporation (FNV) 0.0 $325k 4.5k 72.19
ETFS Physical Platinum Shares 0.0 $316k 3.6k 88.44
iShares Dow Jones EPAC Sel Div Ind (IDV) 0.0 $362k 11k 32.76
WisdomTree LargeCap Dividend Fund (DLN) 0.0 $648k 7.7k 84.11
Manatuck Hill Mariner Offshore 0.0 $349k 2.7k 131.70
Alcoa (AA) 0.0 $261k 8.0k 32.67
Varex Imaging (VREX) 0.0 $574k 17k 33.79
Wheaton Precious Metals Corp (WPM) 0.0 $267k 13k 19.86
U.S. Bancorp (USB) 0.0 $234k 4.5k 51.93
Costco Wholesale Corporation (COST) 0.0 $202k 1.3k 159.68
Abbott Laboratories (ABT) 0.0 $225k 4.6k 48.59
Eli Lilly & Co. (LLY) 0.0 $202k 2.4k 82.48
Cameco Corporation (CCJ) 0.0 $149k 16k 9.08
Kimberly-Clark Corporation (KMB) 0.0 $211k 1.6k 129.29
Accenture (ACN) 0.0 $202k 1.6k 123.62
Pioneer Natural Resources 0.0 $221k 1.4k 159.22
Southwestern Energy Company 0.0 $210k 35k 6.07
Potlatch Corporation (PCH) 0.0 $234k 5.1k 45.63
Seabridge Gold (SA) 0.0 $173k 16k 10.81
iShares Russell 1000 Growth Index (IWF) 0.0 $221k 1.9k 119.07
SPDR S&P MidCap 400 ETF (MDY) 0.0 $221k 697.00 317.07
iShares Silver Trust (SLV) 0.0 $203k 13k 15.73
First Majestic Silver Corp (AG) 0.0 $125k 15k 8.34
Fortuna Silver Mines 0.0 $114k 23k 4.89
Belo Sun Mining Corp (BSXGF) 0.0 $115k 249k 0.46
Sabina Gold & Silver (SGSVF) 0.0 $185k 119k 1.55
Harvest Cap Cr 0.0 $219k 17k 13.11