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)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 101 | PDCOEURPatterson Companies Inc. | 250,481 | $9.0B | 165.24% | |
| 102 | TPVGTriplePoint Venture Growth BDC | 698,058 | $8.9B | 161.76% | |
| 103 | IGIBiShares Interm. Term Corporate | 80,348 | $8.8B | 160.24% | |
| 104 | IJKS&P MidCap 400 Growth Index Fu | 40,597 | $8.8B | 160.00% | |
| 105 | IJJS&P MidCap 400 Value Index Fun | 53,812 | $8.6B | 157.34% | |
| 106 | IYWDow Jones US Technology - iSha | 50,971 | $8.3B | 151.49% | |
| 107 | —CYS Investments Inc | 932,172 | $7.5B | 136.68% | |
| 108 | SCMStellus Capital Investment | 554,226 | $7.3B | 132.98% | |
| 109 | VWOVanguard MSCI Emerging Markets | 156,594 | $7.2B | 131.28% | |
| 110 | IJSS&P SmallCap 600 Value Index F | 46,718 | $7.2B | 131.00% | |
| 111 | TSLXUSDTPG Specialty Lending, Inc. | 360,718 | $7.1B | 130.44% | |
| 112 | IJTS&P SmallCap 600 Growth Index | 41,735 | $7.1B | 129.67% | |
| 113 | IUSViShares Core US Values - ETF | 122,980 | $6.8B | 124.41% | |
| 114 | —iShares iBonds Dec 2021 AMT-Fr | 261,525 | $6.6B | 121.40% | |
| 115 | —iShares iBonds Dec 2022 AMT-F | 255,781 | $6.6B | 119.92% | |
| 116 | XLVHealth Care Select Sector - SP | 78,226 | $6.5B | 118.11% | |
| 117 | ACWXiShares MSCI ACWI EX US ETF | 127,543 | $6.4B | 116.34% | |
| 118 | PNNTPennantPark Investment Corp. | 920,312 | $6.4B | 116.14% | |
| 119 | —Guggenheim BulletShares Invest | 273,860 | $5.8B | 105.88% | |
| 120 | NLYEURAnnaly Capital Management Inc. | 486,456 | $5.8B | 105.62% | |
| 121 | VAREURVarian Medical Systems Inc. | 52,028 | $5.8B | 105.60% | |
| 122 | —Guggenheim BulletShares Invest | 271,401 | $5.8B | 105.51% | |
| 123 | —Guggenheim BulletShares Invest | 273,387 | $5.8B | 105.49% | |
| 124 | —Guggenheim BulletShares Corpor | 273,940 | $5.8B | 105.49% | |
| 125 | IYFDow Jones US Financial Sector | 45,801 | $5.5B | 99.89% | |
| 126 | THRThermon Group Holdings Inc. | 230,174 | $5.4B | 99.50% | |
| 127 | MUBiShares National AMT-Free Muni | 47,489 | $5.3B | 96.03% | |
| 128 | OFSOFS Capital Corp. | 440,377 | $5.2B | 95.71% | |
| 129 | SAMThe Boston Beer Company Inc. | 27,257 | $5.2B | 95.10% | |
| 130 | XLIIndustrial Select Sector - SPD | 68,330 | $5.2B | 94.43% | |
| 131 | MOVMovado Group Inc. | 158,624 | $5.1B | 93.26% | |
| 132 | —Monotype Imaging Holdings Inc. | 203,244 | $4.9B | 89.44% | |
| 133 | —Luxoft Holding Inc | 87,133 | $4.9B | 88.62% | |
| 134 | —Raven Industries Inc. | 139,866 | $4.8B | 87.73% | |
| 135 | —Halyard Health Inc. | 104,033 | $4.8B | 87.73% | |
| 136 | VGKEuropean ETF - Vanguard | 79,797 | $4.7B | 86.19% | |
| 137 | BMRCBank of Marin (CA) | 68,392 | $4.7B | 84.93% | |
| 138 | FWRDUSDForward Air Corp. | 79,894 | $4.6B | 83.80% | |
| 139 | XLYConsumer Discret Select Sector | 46,011 | $4.5B | 82.92% | |
| 140 | IPHSEURInnophos Holdings Inc | 96,576 | $4.5B | 82.41% | |
| 141 | LQDiShares iBoxx Corporate Bond E | 36,969 | $4.5B | 82.06% | |
| 142 | RMAXRE/MAX Holdings Inc. | 92,420 | $4.5B | 81.85% | |
| 143 | CULPCulp Inc. | 132,492 | $4.4B | 81.06% | |
| 144 | —iShares iBonds Sep 2020 Amt Fr | 173,027 | $4.4B | 80.13% | |
| 145 | HLTHilton Worldwide Holdings Inc. | 54,268 | $4.3B | 79.14% | |
| 146 | —Apollo Investment Corp. | 751,435 | $4.3B | 77.66% | |
| 147 | VBTXVeritex Holdings | 153,378 | $4.2B | 77.28% | |
| 148 | TECHTechne Corp. | 31,875 | $4.1B | 75.42% | |
| 149 | —Snyder's-Lance Inc. | 79,453 | $4.0B | 72.66% | |
| 150 | SPYS&P 500 - SPDR | 14,868 | $4.0B | 72.46% | |
| 151 | PTBPotbelly Corp. | 317,351 | $3.9B | 71.27% | |
| 152 | —Guggenheim BulletShares Invest | 187,983 | $3.9B | 71.05% | |
| 153 | GSBDGoldman Sachs BDC Inc. | 172,574 | $3.8B | 69.90% | |
| 154 | FSICUSDFS Investment Corp. | 512,875 | $3.8B | 68.84% | |
| 155 | —Triangle Capital Corp. | 388,135 | $3.7B | 67.25% | |
| 156 | MAINMain Street Capital Corp. | 92,373 | $3.7B | 67.02% | |
| 157 | SPDWSPDR Portfolio World Ex US ETF | 114,415 | $3.6B | 66.23% | |
| 158 | XLEEnergy Select Sector - SPDR | 47,144 | $3.4B | 62.21% | |
| 159 | IWDRussell 1000 Value Index - iSh | 27,371 | $3.4B | 62.14% | |
| 160 | REZiShares Residential Real Estat | 54,613 | $3.4B | 62.07% | |
| 161 | VREXVarex Imaging Corp | 82,029 | $3.3B | 60.19% | |
| 162 | GOOGLAlphabet Inc. - Class A | 3,120 | $3.3B | 60.02% | |
| 163 | —iShares iBonds Sep 2019 Amt Fr | 123,389 | $3.1B | 57.05% | |
| 164 | RBCRBC Bearings Incorporated | 24,531 | $3.1B | 56.63% | |
| 165 | MCCUSDMedley Capital Corp. | 586,714 | $3.1B | 55.93% | |
| 166 | VCLTVanguard Long Term Corporate B | 31,692 | $3.0B | 55.42% | |
| 167 | JBTJohn Bean Technologies Corp. | 26,977 | $3.0B | 54.58% | |
| 168 | FELEFranklin Electric Co. Inc. | 64,685 | $3.0B | 54.22% | |
| 169 | HYGHigh Yield Corporate Bond Fund | 28,158 | $2.5B | 44.87% | |
| 170 | STTBarclays Capital High Yield Bo | 66,866 | $2.5B | 44.83% | |
| 171 | PFLTPennantPark Floating Rate Capi | 172,085 | $2.4B | 43.11% | |
| 172 | XLBMaterials Select Sector - SPDR | 34,790 | $2.1B | 38.46% | |
| 173 | SPTISPDR Barclays Intermediate Ter | 33,550 | $2.0B | 36.39% | |
| 174 | —Alcentra Capital Corporation | 217,669 | $1.8B | 33.36% | |
| 175 | —CM Finance Inc. | 199,633 | $1.6B | 29.71% | |
| 176 | RMRRMR Group Inc | 26,639 | $1.6B | 28.85% | |
| 177 | FSC1EUROaktree Specialty Lending Corp | 310,827 | $1.5B | 27.76% | |
| 178 | BRK-BBerkshire Hathaway Inc. - Clas | 5 | $1.5B | 27.17% | |
| 179 | —Solar Senior Capital Ltd. | 79,450 | $1.4B | 25.77% | |
| 180 | EXPOExponent Inc. | 19,453 | $1.4B | 25.25% | |
| 181 | AQLTiShares Muni Bond 2023 | 52,643 | $1.3B | 24.25% | |
| 182 | IGSBiShares Barclays 1-3 Year Inve | 12,628 | $1.3B | 24.10% | |
| 183 | XLFIConsumer Staples Select Sector | 21,501 | $1.2B | 22.33% | |
| 184 | —Corporate Capital Trust Inc | 76,470 | $1.2B | 22.31% | |
| 185 | —KCAP Financial Inc | 340,472 | $1.2B | 21.20% | |
| 186 | ITGartner Inc | 9,137 | $1.1B | 20.56% | |
| 187 | VNQREIT Index - Vanguard | 12,788 | $1.1B | 19.37% | |
| 188 | IAUUSDiShares Gold Trust | 84,245 | $1.1B | 19.25% | |
| 189 | —Capstead Mortgage Corp. | 111,062 | $961.0M | 17.55% | |
| 190 | FSPFranklin Street Properties Cor | 80,000 | $859.0M | 15.69% | |
| 191 | ALNTAllied Motion Technologies Inc | 22,806 | $755.0M | 13.79% | |
| 192 | JPMJP Morgan Chase & Company | 7,018 | $751.0M | 13.71% | |
| 193 | IVVS&P 500 Index Fund - iShares | 2,771 | $745.0M | 13.60% | |
| 194 | VVisa, Inc. - A | 6,465 | $737.0M | 13.46% | |
| 195 | —Snyder's-Lance Inc. | 13,891 | $696.0M | 12.71% | |
| 196 | IVES&P 500 Value Index - iShares | 5,928 | $677.0M | 12.36% | |
| 197 | IVWS&P 500 Growth Index - iShares | 3,953 | $604.0M | 11.03% | |
| 198 | BROBrown & Brown Inc. | 9,745 | $501.0M | 9.15% | |
| 199 | IWNRussell 2000 Value Index - iSh | 3,977 | $500.0M | 9.13% | |
| 200 | EEMSiShares MSCI Emerging Markets | 9,287 | $493.0M | 9.00% |