CONFLUENCE INVESTMENT MANAGEMENT LLC Q2 2017 Filing

Filed July 11, 2017

Portfolio Value

$4.9B

Holdings

238

Report Date

Q2 2017

Filing Type

13F-HR

All Holdings (238 positions)

StockValue
JNJJohnson & Johnson
$133.4M
PEPPepsico Inc.
$127.3M
NTRSNorthern Trust Corporation
$112.6M
DEODiageo (Adr 1:4)
$112.1M
FASTFastenal Co.
$103.7M
CBChubb Limited
$103.2M
MMM3M Company
$102.8M
PIIPolaris Industries
$102.1M
FNFFidelity National Financial In
$101.4M
MSFTMicrosoft Corp.
$101.4M
CLColgate-Palmolive Co.
$97.0M
GGGGraco Inc.
$95.9M
PXGBXPraxair Inc.
$93.9M
PAYXPaychex Inc.
$93.3M
PGRProgressive Corp.
$92.5M
CVXChevron Corp.
$88.0M
SOSouthern Company
$86.0M
GSKGlaxoSmithKline Plc (Adr 1:2)
$83.2M
RYNRayonier Inc.
$81.8M
E.I. du Pont de Nemours & Comp
$80.7M
ARCCAres Capital Corp.
$80.2M
KHCKraft Heinz Co.
$79.6M
IRMIron Mountain
$79.5M
MLMMartin Marietta Materials Inc.
$78.1M
KMIKinder Morgan Inc.
$77.9M
WYWeyerhaeuser Co.
$77.9M
SYKStryker Corp.
$77.5M
GEGeneral Electric Company
$76.9M
BRBroadridge Financial Solutions
$75.1M
PFEPfizer Inc.
$75.1M
Allergan Inc.
$71.8M
MKLMarkel Corp.
$66.0M
AIGAmerican International Group I
$64.9M
CFRUYCompagnie Financiere Richemont
$63.3M
DISCKUSDDiscovery Communications Inc.
$56.1M
NXPINXP Semiconductors N.V.
$49.4M
MAMastercard Inc. - A
$47.2M
KSSKohl's Corp.
$46.2M
FQIDigital Realty Trust Inc.
$46.2M
AXPAmerican Express Company
$45.5M
Advisory Board Company
$44.7M
TJXTJX Companies
$42.4M
SBUXStarbucks Corporation
$41.3M
ITWIllinois Tool Works Inc.
$37.9M
ADIAnalog Devices Inc.
$37.4M
SLBSchlumberger Ltd.
$35.7M
UTXZUnited Technologies Corp.
$33.9M
TMOThermo Fisher Scientific Inc.
$33.3M
WRBW.R. Berkley Corp.
$32.5M
BRK/BBerkshire Hathaway Inc. - B
$32.0M
IEFiShares 7-10 Year Treasury Bon
$30.5M
CHRWC.H. Robinson Worldwide Inc.
$30.4M
MSMMSC Industrial Direct Co. Inc.
$27.4M
LOWLowe's Companies Inc.
$27.1M
GOOGAlphabet Inc. - Class C
$26.3M
AXTAAxalta Coating Systems LTD
$24.5M
Express Scripts Inc.
$23.8M
BROBrown & Brown Inc.
$20.7M
MTS Systems Corp.
$18.5M
MBBiShares MBS Bond ETF
$18.3M
HDHome Depot Inc.
$18.2M
AQLTiShares Corporate ex Financial
$18.0M
Natus Medical Inc.
$17.1M
MDTMedtronic
$16.9M
MCDMcDonald's Corp.
$16.5M
BDXBecton Dickinson and Company
$15.9M
CBSHCommerce Bancshares Inc.
$15.6M
MTBM&T Bank Corp.
$15.3M
DCIDonaldson Inc.
$15.3M
GDGeneral Dynamics Corp.
$14.9M
NJRNew Jersey Resources Corp.
$14.9M
LMTLockheed Martin Corp
$14.6M
MORNMorningstar Inc.
$14.6M
CLXThe Clorox Company
$14.6M
NSRGYNestle SA
$14.5M
SEICSEI Investments Company
$14.4M
SPIBSPDR Interm. Term Corporate Bo
$14.4M
iShares Corporate ex Financial
$14.2M
MDUMDU Resources Group Inc.
$13.9M
NMFCNew Mountain Finance Corp.
$13.5M
PGProcter & Gamble Company
$13.3M
GBDCGolub Capital BDC Inc.
$13.1M
APDAir Products & Chemicals Inc.
$13.1M
CFRCullen Frost Bankers Inc.
$13.0M
TCP Capital Corp.
$12.9M
NVSNNovartis AG - ADR
$12.7M
TROWT. Rowe Price Group Inc.
$12.7M
NKENike Inc. - B
$12.7M
AQLTiShares Corporate Bond ETF 202
$12.6M
EXPDExpeditors International of Wa
$12.2M
XOMExxon Mobil Corp.
$12.2M
RMAXRE/MAX Holdings Inc.
$11.7M
Guggenheim BulletShares Invest
$11.6M
JWNUSDNordstrom Inc.
$11.3M
PDCOEURPatterson Companies Inc.
$11.1M
SLRCSolar Capital Ltd.
$10.9M
THL Credit, Inc.
$10.7M
TLTBarclays 20 Plus Year Treasury Bon
$10.6M
IYWDow Jones US Technology - iSha
$10.2M
IJJS&P MidCap 400 Value Index Fun
$10.1M
Page 1 of 3Next