CONFLUENCE INVESTMENT MANAGEMENT LLC Q2 2016 Filing
Filed July 26, 2016
Portfolio Value
$3.6T
Holdings
230
Report Date
Q2 2016
Filing Type
13F-HR
All Holdings (230 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | JNJJohnson & Johnson | 808,230 | $98.0B | 2.70% | |
| 2 | PEPPepsico, Inc | 887,398 | $94.0B | 2.58% | |
| 3 | CVXChevron Corp. | 866,277 | $90.8B | 2.50% | |
| 4 | DEODiageo (Adr 1:4) | 678,279 | $76.6B | 2.11% | |
| 5 | CBChubb Limited | 543,606 | $71.1B | 1.95% | |
| 6 | MMM3M Company | 385,597 | $67.5B | 1.86% | |
| 7 | MSFTMicrosoft Corp. | 1,316,388 | $67.4B | 1.85% | |
| 8 | PAYXPaychex, Inc. | 1,117,828 | $66.5B | 1.83% | |
| 9 | SOSouthern Company | 1,204,793 | $64.6B | 1.78% | |
| 10 | CLColgate-Palmolive Co. | 873,452 | $63.9B | 1.76% | |
| 11 | IRMIron Mountain | 1,597,282 | $63.6B | 1.75% | |
| 12 | —Linear Technology Corp | 1,365,972 | $63.6B | 1.75% | |
| 13 | FNFFidelity National Financial In | 1,688,245 | $63.3B | 1.74% | |
| 14 | KHCKraft Heinz Co. | 714,349 | $63.2B | 1.74% | |
| 15 | SYKStryker Corp. | 525,675 | $63.0B | 1.73% | |
| 16 | NTRSNorthern Trust Corporation | 894,711 | $59.3B | 1.63% | |
| 17 | GGGGraco inc. | 744,811 | $58.8B | 1.62% | |
| 18 | GSKGlaxoSmithKline Plc (Adr 1:2) | 1,330,992 | $57.7B | 1.59% | |
| 19 | PXGBXPraxair Inc. | 502,325 | $56.5B | 1.55% | |
| 20 | MLMMartin Marietta Materials Inc. | 292,816 | $56.2B | 1.55% | |
| 21 | PFEPfizer Inc. | 1,572,656 | $55.4B | 1.52% | |
| 22 | ARCCAres Capital Corp. | 3,834,909 | $54.5B | 1.50% | |
| 23 | WYWeyerhaeuser Co. | 1,816,119 | $54.1B | 1.49% | |
| 24 | BRBroadridge Financial Solutions | 823,955 | $53.7B | 1.48% | |
| 25 | RYNRayonier Inc. | 2,044,349 | $53.6B | 1.48% | |
| 26 | GEGeneral Electric Company | 1,686,433 | $53.1B | 1.46% | |
| 27 | PGRProgressive Corp. | 1,581,487 | $53.0B | 1.46% | |
| 28 | MKLMarkel Corp. | 54,915 | $52.3B | 1.44% | |
| 29 | FASTFastenal Co. | 1,153,843 | $51.2B | 1.41% | |
| 30 | CHRWC.H. Robinson Worldwide Inc. | 658,552 | $48.9B | 1.34% | |
| 31 | —Du Pont E.I. De Nemours & Com | 749,905 | $48.6B | 1.34% | |
| 32 | KMIKinder Morgan Inc. | 2,352,603 | $44.0B | 1.21% | |
| 33 | AIGAmerican International Group, | 815,898 | $43.2B | 1.19% | |
| 34 | KSSKohl's Corp. | 1,124,019 | $42.6B | 1.17% | |
| 35 | MATMattel Inc | 1,259,939 | $39.4B | 1.08% | |
| 36 | DISCKUSDDiscovery Communications, Inc. | 1,637,012 | $39.0B | 1.07% | |
| 37 | TJXTJX Companies | 489,159 | $37.8B | 1.04% | |
| 38 | FQIDigital Realty Trust Inc. | 333,127 | $36.3B | 1.00% | |
| 39 | CFRUYCompagnie Financiere Richemont | 5,992,238 | $34.9B | 0.96% | |
| 40 | LOWLowe's Companies Inc. | 432,489 | $34.2B | 0.94% | |
| 41 | MAMastercard Inc. - A | 388,566 | $34.2B | 0.94% | |
| 42 | TLTBarclays 20+ Year Treasury Bon | 229,634 | $31.9B | 0.88% | |
| 43 | ITWIllinois Tool Works Inc. | 294,246 | $30.6B | 0.84% | |
| 44 | WRBW.R. Berkley Corp | 504,951 | $30.3B | 0.83% | |
| 45 | UTXZUnited Technologies Corp. | 290,429 | $29.8B | 0.82% | |
| 46 | AXPAmerican Express Company | 486,075 | $29.5B | 0.81% | |
| 47 | BROBrown & Brown Inc. | 777,334 | $29.1B | 0.80% | |
| 48 | TMOThermo Fisher Scientific, Inc. | 195,062 | $28.8B | 0.79% | |
| 49 | BBBYEURBed Bath & Beyond Inc | 661,652 | $28.6B | 0.79% | |
| 50 | BRK/BBerkshire Hathaway Inc. - B | 192,807 | $27.9B | 0.77% | |
| 51 | —Express Scripts Inc. | 334,125 | $25.3B | 0.70% | |
| 52 | SLBSchlumberger Ltd. | 311,322 | $24.6B | 0.68% | |
| 53 | GOOGAlphabet Inc. Class- C | 32,483 | $22.5B | 0.62% | |
| 54 | WFCWells Fargo & Company | 466,500 | $22.1B | 0.61% | |
| 55 | IJKS&P MidCap 400 Growth Index Fu | 128,820 | $21.8B | 0.60% | |
| 56 | —Advisory Board Company | 614,292 | $21.7B | 0.60% | |
| 57 | IJJS&P MidCap 400 Value Index Fun | 168,626 | $21.6B | 0.59% | |
| 58 | IEFiShares 7-10 Year Treasury Bon | 176,754 | $20.0B | 0.55% | |
| 59 | EXPDExpeditors International of Wa | 400,084 | $19.6B | 0.54% | |
| 60 | RMAXRE/Max Holdings | 464,350 | $18.7B | 0.51% | |
| 61 | MSMMSC Industrial Direct Co. Inc | 250,161 | $17.7B | 0.49% | |
| 62 | VCLTVanguard Long Term Corporate B | 165,956 | $15.7B | 0.43% | |
| 63 | GBDCGolub Capital BDC Inc | 780,385 | $14.1B | 0.39% | |
| 64 | DCIDonaldson Inc | 395,996 | $13.6B | 0.37% | |
| 65 | REZiShares Residential Real Estat | 195,756 | $13.2B | 0.36% | |
| 66 | HDHome Depot Inc. | 100,294 | $12.8B | 0.35% | |
| 67 | AQLTiShares Corporate ex Financial | 121,497 | $12.2B | 0.34% | |
| 68 | MORNMorningstar Inc. | 146,483 | $12.0B | 0.33% | |
| 69 | MLNVanEck Vectors Long Municipal | 563,049 | $11.9B | 0.33% | |
| 70 | IYWDow Jones US Technology - iSha | 111,994 | $11.8B | 0.32% | |
| 71 | NJRNew Jersey Resources Corp. | 301,618 | $11.6B | 0.32% | |
| 72 | CLXThe Clorox Company | 83,966 | $11.6B | 0.32% | |
| 73 | LMTLockheed Martin Corp | 46,656 | $11.6B | 0.32% | |
| 74 | —MTS Systems Corp. | 262,705 | $11.5B | 0.32% | |
| 75 | BDXBecton, Dickinson and Company | 67,819 | $11.5B | 0.32% | |
| 76 | MDUMDU Resources Group Inc. | 470,432 | $11.3B | 0.31% | |
| 77 | XOMExxon Mobil Corp. | 118,457 | $11.1B | 0.31% | |
| 78 | NMFCNew Mountain Finance Corp. | 824,266 | $10.6B | 0.29% | |
| 79 | MDTMedtronic | 121,864 | $10.6B | 0.29% | |
| 80 | IWPRussell Midcap Growth Index Fu | 112,501 | $10.5B | 0.29% | |
| 81 | —TCP Capital Corp | 682,954 | $10.4B | 0.29% | |
| 82 | CBSHCommerce Bancshares, Inc. | 217,387 | $10.4B | 0.29% | |
| 83 | —THL Credit | 933,783 | $10.4B | 0.29% | |
| 84 | MCDMcDonald's Corp. | 86,355 | $10.4B | 0.29% | |
| 85 | OXYOccidental Petroleum Corp | 134,076 | $10.1B | 0.28% | |
| 86 | GDGeneral Dynamics Corp. | 71,928 | $10.0B | 0.28% | |
| 87 | SEICSEI Investments Company | 207,235 | $10.0B | 0.27% | |
| 88 | SLRCSolar Capital, LTD. | 523,187 | $10.0B | 0.27% | |
| 89 | IWORussell 2000 Growth Index - iS | 71,693 | $9.8B | 0.27% | |
| 90 | APDAir Products & Chemicals Inc. | 69,189 | $9.8B | 0.27% | |
| 91 | PGProcter & Gamble Company | 115,862 | $9.8B | 0.27% | |
| 92 | SPIBSPDR Interm. Term Corporate Bo | 278,211 | $9.7B | 0.27% | |
| 93 | IWNRussell 2000 Value Index - iSh | 99,120 | $9.6B | 0.27% | |
| 94 | NSRGYNestle SA | 122,905 | $9.5B | 0.26% | |
| 95 | —iShares Corporate ex Financial | 95,808 | $9.5B | 0.26% | |
| 96 | IJTS&P SmallCap 600 Growth Index | 73,474 | $9.4B | 0.26% | |
| 97 | PIIPolaris Industries | 115,377 | $9.4B | 0.26% | |
| 98 | ADIAnalog Devices, Inc. | 165,264 | $9.4B | 0.26% | |
| 99 | IGLBiShares 10+ Year Credit Bond E | 149,192 | $9.3B | 0.26% | |
| 100 | VNQREIT Index - Vanguard | 104,153 | $9.2B | 0.25% |
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