CONFLUENCE INVESTMENT MANAGEMENT LLC Q4 2017 Filing

Filed January 8, 2018

Portfolio Value

$5.5B

Holdings

241

Report Date

Q4 2017

Filing Type

13F-HR

All Holdings (241 positions)

StockValue
PDCOEURPatterson Companies Inc.
$9.0M
TPVGTriplePoint Venture Growth BDC
$8.9M
IGIBiShares Interm. Term Corporate
$8.8M
IJKS&P MidCap 400 Growth Index Fu
$8.8M
IJJS&P MidCap 400 Value Index Fun
$8.6M
IYWDow Jones US Technology - iSha
$8.3M
CYS Investments Inc
$7.5M
SCMStellus Capital Investment
$7.3M
VWOVanguard MSCI Emerging Markets
$7.2M
IJSS&P SmallCap 600 Value Index F
$7.2M
TSLXUSDTPG Specialty Lending, Inc.
$7.1M
IJTS&P SmallCap 600 Growth Index
$7.1M
IUSViShares Core US Values - ETF
$6.8M
iShares iBonds Dec 2021 AMT-Fr
$6.6M
iShares iBonds Dec 2022 AMT-F
$6.6M
XLVHealth Care Select Sector - SP
$6.5M
ACWXiShares MSCI ACWI EX US ETF
$6.4M
PNNTPennantPark Investment Corp.
$6.4M
Guggenheim BulletShares Invest
$5.8M
NLYEURAnnaly Capital Management Inc.
$5.8M
VAREURVarian Medical Systems Inc.
$5.8M
Guggenheim BulletShares Invest
$5.8M
Guggenheim BulletShares Invest
$5.8M
Guggenheim BulletShares Corpor
$5.8M
IYFDow Jones US Financial Sector
$5.5M
THRThermon Group Holdings Inc.
$5.4M
MUBiShares National AMT-Free Muni
$5.3M
OFSOFS Capital Corp.
$5.2M
SAMThe Boston Beer Company Inc.
$5.2M
XLIIndustrial Select Sector - SPD
$5.2M
MOVMovado Group Inc.
$5.1M
Monotype Imaging Holdings Inc.
$4.9M
Luxoft Holding Inc
$4.9M
Raven Industries Inc.
$4.8M
Halyard Health Inc.
$4.8M
VGKEuropean ETF - Vanguard
$4.7M
BMRCBank of Marin (CA)
$4.7M
FWRDUSDForward Air Corp.
$4.6M
XLYConsumer Discret Select Sector
$4.5M
IPHSEURInnophos Holdings Inc
$4.5M
LQDiShares iBoxx Corporate Bond E
$4.5M
RMAXRE/MAX Holdings Inc.
$4.5M
CULPCulp Inc.
$4.4M
iShares iBonds Sep 2020 Amt Fr
$4.4M
HLTHilton Worldwide Holdings Inc.
$4.3M
Apollo Investment Corp.
$4.3M
VBTXVeritex Holdings
$4.2M
TECHTechne Corp.
$4.1M
Snyder's-Lance Inc.
$4.0M
SPYS&P 500 - SPDR
$4.0M
PTBPotbelly Corp.
$3.9M
Guggenheim BulletShares Invest
$3.9M
GSBDGoldman Sachs BDC Inc.
$3.8M
FSICUSDFS Investment Corp.
$3.8M
Triangle Capital Corp.
$3.7M
MAINMain Street Capital Corp.
$3.7M
SPDWSPDR Portfolio World Ex US ETF
$3.6M
XLEEnergy Select Sector - SPDR
$3.4M
IWDRussell 1000 Value Index - iSh
$3.4M
REZiShares Residential Real Estat
$3.4M
VREXVarex Imaging Corp
$3.3M
GOOGLAlphabet Inc. - Class A
$3.3M
iShares iBonds Sep 2019 Amt Fr
$3.1M
RBCRBC Bearings Incorporated
$3.1M
MCCUSDMedley Capital Corp.
$3.1M
VCLTVanguard Long Term Corporate B
$3.0M
JBTJohn Bean Technologies Corp.
$3.0M
FELEFranklin Electric Co. Inc.
$3.0M
HYGHigh Yield Corporate Bond Fund
$2.5M
STTBarclays Capital High Yield Bo
$2.5M
PFLTPennantPark Floating Rate Capi
$2.4M
XLBMaterials Select Sector - SPDR
$2.1M
SPTISPDR Barclays Intermediate Ter
$2.0M
Alcentra Capital Corporation
$1.8M
CM Finance Inc.
$1.6M
RMRRMR Group Inc
$1.6M
FSC1EUROaktree Specialty Lending Corp
$1.5M
BRK-BBerkshire Hathaway Inc. - Clas
$1.5M
Solar Senior Capital Ltd.
$1.4M
EXPOExponent Inc.
$1.4M
AQLTiShares Muni Bond 2023
$1.3M
IGSBiShares Barclays 1-3 Year Inve
$1.3M
XLFIConsumer Staples Select Sector
$1.2M
Corporate Capital Trust Inc
$1.2M
KCAP Financial Inc
$1.2M
ITGartner Inc
$1.1M
VNQREIT Index - Vanguard
$1.1M
IAUUSDiShares Gold Trust
$1.1M
Capstead Mortgage Corp.
$961K
FSPFranklin Street Properties Cor
$859K
ALNTAllied Motion Technologies Inc
$755K
JPMJP Morgan Chase & Company
$751K
IVVS&P 500 Index Fund - iShares
$745K
VVisa, Inc. - A
$737K
Snyder's-Lance Inc.
$696K
IVES&P 500 Value Index - iShares
$677K
IVWS&P 500 Growth Index - iShares
$604K
BROBrown & Brown Inc.
$501K
IWNRussell 2000 Value Index - iSh
$500K
EEMSiShares MSCI Emerging Markets
$493K
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