CONFLUENCE INVESTMENT MANAGEMENT LLC Q3 2016 Filing
Filed November 4, 2016
Portfolio Value
$3.8T
Holdings
223
Report Date
Q3 2016
Filing Type
13F-HR
All Holdings (223 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | JNJJohnson & Johnson | 879,567 | $103.9B | 2.71% | |
| 2 | PEPPepsico Inc | 945,153 | $102.8B | 2.68% | |
| 3 | DEODiageo (Adr 1:4) | 696,497 | $80.8B | 2.11% | |
| 4 | —Linear Technology Corp | 1,327,121 | $78.7B | 2.05% | |
| 5 | MSFTMicrosoft Corp. | 1,357,465 | $78.2B | 2.04% | |
| 6 | CBChubb Limited | 585,800 | $73.6B | 1.92% | |
| 7 | CVXChevron Corp. | 686,504 | $70.7B | 1.84% | |
| 8 | MMM3M Company | 398,000 | $70.1B | 1.83% | |
| 9 | PAYXPaychex Inc. | 1,172,621 | $67.9B | 1.77% | |
| 10 | CLColgate-Palmolive Co. | 906,573 | $67.2B | 1.75% | |
| 11 | NTRSNorthern Trust Corporation | 983,792 | $66.9B | 1.75% | |
| 12 | PXGBXPraxair Inc. | 552,254 | $66.7B | 1.74% | |
| 13 | SOSouthern Company | 1,298,232 | $66.6B | 1.74% | |
| 14 | KHCKraft Heinz Co. | 730,481 | $65.4B | 1.71% | |
| 15 | ARCCAres Capital Corp. | 4,202,302 | $65.1B | 1.70% | |
| 16 | FNFFidelity National Financial In | 1,752,709 | $64.7B | 1.69% | |
| 17 | SYKStryker Corp. | 554,834 | $64.6B | 1.69% | |
| 18 | FASTFastenal Co. | 1,512,450 | $63.2B | 1.65% | |
| 19 | WYWeyerhaeuser Co. | 1,966,361 | $62.8B | 1.64% | |
| 20 | GGGGraco inc. | 847,313 | $62.7B | 1.64% | |
| 21 | IRMIron Mountain | 1,655,817 | $62.1B | 1.62% | |
| 22 | PGRProgressive Corp. | 1,965,218 | $61.9B | 1.62% | |
| 23 | KMIKinder Morgan Inc. | 2,629,320 | $60.8B | 1.59% | |
| 24 | GSKGlaxoSmithKline Plc (Adr 1:2) | 1,403,683 | $60.5B | 1.58% | |
| 25 | RYNRayonier Inc. | 2,232,979 | $59.3B | 1.55% | |
| 26 | BRBroadridge Financial Solutions | 866,497 | $58.7B | 1.53% | |
| 27 | PFEPfizer Inc. | 1,718,169 | $58.2B | 1.52% | |
| 28 | MLMMartin Marietta Materials Inc. | 324,630 | $58.1B | 1.52% | |
| 29 | —Du Pont E.I. De Nemours & Com | 828,283 | $55.5B | 1.45% | |
| 30 | KSSKohl's Corp. | 1,255,979 | $54.9B | 1.43% | |
| 31 | MKLMarkel Corp. | 56,410 | $52.4B | 1.37% | |
| 32 | CHRWC.H. Robinson Worldwide Inc. | 741,147 | $52.2B | 1.36% | |
| 33 | GEGeneral Electric Company | 1,756,216 | $52.0B | 1.36% | |
| 34 | AIGAmerican International Group I | 862,523 | $51.2B | 1.34% | |
| 35 | NXPINXP Semiconductors | 468,349 | $47.8B | 1.25% | |
| 36 | DISCKUSDDiscovery Communications Inc. | 1,753,680 | $46.1B | 1.20% | |
| 37 | LOWLowe's Companies Inc. | 599,427 | $43.3B | 1.13% | |
| 38 | MAMastercard Inc. - A | 422,974 | $43.0B | 1.12% | |
| 39 | CFRUYCompagnie Financiere Richemont | 6,427,806 | $39.3B | 1.02% | |
| 40 | TJXTJX Companies | 522,257 | $39.1B | 1.02% | |
| 41 | MATMattel Inc | 1,245,649 | $37.7B | 0.98% | |
| 42 | ITWIllinois Tool Works Inc. | 284,436 | $34.1B | 0.89% | |
| 43 | AXPAmerican Express Company | 515,658 | $33.0B | 0.86% | |
| 44 | FQIDigital Realty Trust Inc. | 328,643 | $31.9B | 0.83% | |
| 45 | TMOThermo Fisher Scientific Inc. | 199,252 | $31.7B | 0.83% | |
| 46 | BBBYEURBed Bath & Beyond Inc | 723,309 | $31.2B | 0.81% | |
| 47 | UTXZUnited Technologies Corp. | 297,159 | $30.2B | 0.79% | |
| 48 | WRBW.R. Berkley Corp | 510,925 | $29.5B | 0.77% | |
| 49 | BRK/BBerkshire Hathaway Inc. - B | 198,826 | $28.7B | 0.75% | |
| 50 | —Advisory Board Company | 629,940 | $28.2B | 0.74% | |
| 51 | —Allergan Inc. | 114,238 | $26.3B | 0.69% | |
| 52 | TLTBarclays 20+ Year Treasury Bon | 188,819 | $26.0B | 0.68% | |
| 53 | SLBSchlumberger Ltd. | 325,726 | $25.6B | 0.67% | |
| 54 | GOOGAlphabet Inc. Class- C | 32,497 | $25.3B | 0.66% | |
| 55 | —Express Scripts Inc. | 347,304 | $24.5B | 0.64% | |
| 56 | BROBrown & Brown Inc. | 632,010 | $23.8B | 0.62% | |
| 57 | IEFiShares 7-10 Year Treasury Bon | 199,751 | $22.3B | 0.58% | |
| 58 | RMAXRE/Max Holdings | 449,345 | $19.7B | 0.51% | |
| 59 | MSMMSC Industrial Direct Co. Inc | 264,050 | $19.4B | 0.51% | |
| 60 | GBDCGolub Capital BDC Inc | 785,122 | $14.6B | 0.38% | |
| 61 | AQLTiShares Corporate ex Financial | 570,001 | $14.4B | 0.37% | |
| 62 | HDHome Depot Inc. | 104,697 | $13.5B | 0.35% | |
| 63 | —MTS Systems Corp. | 290,242 | $13.4B | 0.35% | |
| 64 | BDXBecton Dickinson and Company | 70,337 | $12.6B | 0.33% | |
| 65 | —TCP Capital Corp | 745,512 | $12.2B | 0.32% | |
| 66 | MORNMorningstar Inc. | 153,995 | $12.2B | 0.32% | |
| 67 | GDGeneral Dynamics Corp. | 76,038 | $11.8B | 0.31% | |
| 68 | MDUMDU Resources Group Inc. | 462,822 | $11.8B | 0.31% | |
| 69 | EXPDExpeditors International of Wa | 228,448 | $11.8B | 0.31% | |
| 70 | NMFCNew Mountain Finance Corp. | 831,327 | $11.4B | 0.30% | |
| 71 | ADIAnalog Devices Inc. | 177,184 | $11.4B | 0.30% | |
| 72 | SPIBSPDR Interm. Term Corporate Bo | 326,734 | $11.4B | 0.30% | |
| 73 | LMTLockheed Martin Corp | 47,439 | $11.4B | 0.30% | |
| 74 | CBSHCommerce Bancshares Inc. | 230,354 | $11.3B | 0.30% | |
| 75 | MDTMedtronic | 130,965 | $11.3B | 0.30% | |
| 76 | —iShares Corporate ex Financial | 452,253 | $11.2B | 0.29% | |
| 77 | SBUXStarbucks Corporation | 205,149 | $11.1B | 0.29% | |
| 78 | PGProcter & Gamble Company | 123,449 | $11.1B | 0.29% | |
| 79 | CLXThe Clorox Company | 88,344 | $11.1B | 0.29% | |
| 80 | APDAir Products & Chemicals Inc. | 73,479 | $11.0B | 0.29% | |
| 81 | XOMExxon Mobil Corp. | 125,284 | $10.9B | 0.29% | |
| 82 | DCIDonaldson Inc | 291,467 | $10.9B | 0.28% | |
| 83 | SLRCSolar Capital, LTD. | 527,713 | $10.8B | 0.28% | |
| 84 | MLNVanEck Vectors Long Municipal | 516,423 | $10.7B | 0.28% | |
| 85 | MCDMcDonald's Corp. | 91,749 | $10.6B | 0.28% | |
| 86 | NJRNew Jersey Resources Corp. | 318,935 | $10.5B | 0.27% | |
| 87 | NSRGYNestle SA | 131,696 | $10.4B | 0.27% | |
| 88 | OXYOccidental Petroleum Corp | 142,574 | $10.4B | 0.27% | |
| 89 | SEICSEI Investments Company | 221,796 | $10.1B | 0.26% | |
| 90 | AQLTiShares Corporate Bond ETF 202 | 370,189 | $10.1B | 0.26% | |
| 91 | —THL Credit | 1,039,700 | $9.9B | 0.26% | |
| 92 | HTGCHercules Technology Growth Cap | 723,872 | $9.8B | 0.26% | |
| 93 | MTBM&T Bank Corp. | 82,595 | $9.6B | 0.25% | |
| 94 | PIIPolaris Industries | 123,152 | $9.5B | 0.25% | |
| 95 | GWWW.W. Grainger Inc. | 41,737 | $9.4B | 0.24% | |
| 96 | JWNUSDNordstrom Inc. | 178,118 | $9.2B | 0.24% | |
| 97 | NVSNNovartis AG - ADR | 115,487 | $9.1B | 0.24% | |
| 98 | —Triangle Capital Corp | 459,588 | $9.1B | 0.24% | |
| 99 | TROWT. Rowe Price Group Inc. | 135,496 | $9.0B | 0.24% | |
| 100 | CFRCullen Frost Bankers Inc. | 125,246 | $9.0B | 0.24% |
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