CONFLUENCE INVESTMENT MANAGEMENT LLC Q1 2018 Filing

Filed April 4, 2018

Portfolio Value

$5.4B

Holdings

227

Report Date

Q1 2018

Filing Type

13F-HR

All Holdings (227 positions)

StockValue
TFISPDR Nuveen Barclays Capital M
$9.6M
iShares Corporate ex Financial
$9.5M
MLNVanEck Vectors Long Municipal
$9.2M
IJTS&P SmallCap 600 Growth Index
$8.7M
TPVGTriplePoint Venture Growth BDC
$8.3M
THL Credit, Inc.
$8.3M
VWOVanguard MSCI Emerging Markets
$8.0M
IGIBiShares Interm. Term Corporate
$7.6M
iShares iBonds Dec 2021 AMT-Fr
$7.1M
iShares iBonds Dec 2022 AMT-F
$7.1M
IJJS&P MidCap 400 Value Index Fun
$7.0M
TSLXUSDTPG Specialty Lending, Inc.
$6.4M
SCMStellus Capital Investment
$6.4M
Triangle Capital Corp.
$6.3M
ACWXiShares MSCI ACWI EX US ETF
$6.3M
CYS Investments Inc
$6.3M
PNNTPennantPark Investment Corp.
$6.2M
MOVMovado Group Inc.
$6.1M
IJSS&P SmallCap 600 Value Index F
$5.8M
RMAXRE/MAX Holdings Inc.
$5.8M
Guggenheim BulletShares Corpor
$5.7M
Guggenheim BulletShares Invest
$5.7M
Guggenheim BulletShares Invest
$5.6M
Guggenheim BulletShares Invest
$5.6M
ALNTAllied Motion Technologies Inc
$5.6M
RMRRMR Group Inc
$5.5M
THRThermon Group Holdings Inc.
$5.3M
SAMThe Boston Beer Company Inc.
$5.3M
VREXVarex Imaging Corp
$5.2M
iShares iBonds Sep 2020 Amt Fr
$5.1M
NLYEURAnnaly Capital Management Inc.
$5.1M
Halyard Health Inc.
$5.0M
OFSOFS Capital Corp.
$5.0M
FSICUSDFS Investment Corp.
$5.0M
Raven Industries Inc.
$4.9M
BMRCBank of Marin (CA)
$4.9M
TECHTechne Corp.
$4.8M
Monotype Imaging Holdings Inc.
$4.7M
VGKEuropean ETF - Vanguard
$4.6M
Cambrex Corp
$4.6M
MUBiShares National AMT-Free Muni
$4.5M
VBTXVeritex Holdings
$4.5M
iShares iBonds Dec 2021 Term C
$4.4M
GOODGladstone Commercial Corp.
$4.4M
FWRDUSDForward Air Corp.
$4.4M
ASTEASTEC INDUSTRIES, INC.
$4.3M
CULPCulp Inc.
$4.3M
HLTHilton Worldwide Holdings Inc.
$4.2M
IPHSEURInnophos Holdings Inc
$4.1M
PTBPotbelly Corp.
$4.1M
Apollo Investment Corp.
$3.9M
Luxoft Holding Inc
$3.8M
Guggenheim BulletShares Invest
$3.7M
SPYS&P 500 - SPDR
$3.6M
SPDWSPDR Portfolio World Ex US ETF
$3.6M
GSBDGoldman Sachs BDC Inc.
$3.3M
MAINMain Street Capital Corp.
$3.2M
iShares iBonds Sep 2019 Amt Fr
$3.2M
RBCRBC Bearings Incorporated
$3.2M
JBTJohn Bean Technologies Corp.
$2.9M
HYGHigh Yield Corporate Bond Fund
$2.6M
STTBarclays Capital High Yield Bo
$2.6M
IBDSiShares iBonds Dec 2027 Term C
$2.5M
IAUiShares iBonds Dec 2023 Term C
$2.5M
IBDQiShares iBonds Dec 2025 Term C
$2.5M
GOOGLAlphabet Inc. - Class A
$2.5M
REZiShares Residential Real Estat
$2.3M
MCCUSDMedley Capital Corp.
$2.3M
PFLTPennantPark Floating Rate Capi
$2.2M
VCLTVanguard Long Term Corporate B
$2.2M
CM Finance Inc.
$1.9M
AQLTiShares Muni Bond 2023
$1.7M
IYWDow Jones US Technology - iSha
$1.5M
Solar Senior Capital Ltd.
$1.5M
EXPOExponent Inc.
$1.5M
BRK-BBerkshire Hathaway Inc. - Clas
$1.5M
IYFDow Jones US Financial Sector
$1.5M
FSC1EUROaktree Specialty Lending Corp
$1.3M
Corporate Capital Trust Inc
$1.3M
XLBMaterials Select Sector - SPDR
$1.3M
XLEEnergy Select Sector - SPDR
$1.2M
Alcentra Capital Corporation
$1.2M
EEMSiShares MSCI Emerging Markets
$1.2M
FELEFranklin Electric Co. Inc.
$1.1M
KCAP Financial Inc
$1.1M
IAUUSDiShares Gold Trust
$1.1M
JPMJP Morgan Chase & Company
$1.1M
Capstead Mortgage Corp.
$961K
ABTAbbott Laboratories
$925K
ITGartner Inc
$910K
VVisa, Inc. - A
$753K
FSPFranklin Street Properties Cor
$673K
IVVS&P 500 Index Fund - iShares
$645K
BACBank of America Corp.
$636K
VNQREIT Index - Vanguard
$534K
BROBrown & Brown Inc.
$496K
KOThe Coca-Cola Company
$430K
ETFS Physical Platinum
$387K
IWORussell 2000 Growth Index - iS
$372K
EOGEOG Resources
$352K
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