0001442055-14-000006.txt : 20141021 0001442055-14-000006.hdr.sgml : 20141021 20141020185919 ACCESSION NUMBER: 0001442055-14-000006 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20140930 FILED AS OF DATE: 20141021 DATE AS OF CHANGE: 20141020 EFFECTIVENESS DATE: 20141021 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CONFLUENCE INVESTMENT MANAGEMENT LLC CENTRAL INDEX KEY: 0001442056 IRS NUMBER: 261764456 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-13334 FILM NUMBER: 141164715 BUSINESS ADDRESS: STREET 1: 20 ALLEN AVENUE, SUITE 300 CITY: ST. LOUIS STATE: MO ZIP: 63119 BUSINESS PHONE: 314-743-5090 MAIL ADDRESS: STREET 1: 20 ALLEN AVENUE, SUITE 300 CITY: ST. LOUIS STATE: MO ZIP: 63119 13F-HR 1 primary_doc.xml 13F-HR LIVE false true true 0001442056 XXXXXXXX 09-30-2014 09-30-2014 CONFLUENCE INVESTMENT MANAGEMENT LLC

20 ALLEN AVENUE, SUITE 300 ST. LOUIS MO 63119

13F COMBINATION REPORT 028-13334 028-06487 First Trust Advisors L.P. N Joseph Hanzlik 314-743-5096 Joseph Hanzlik Saint Louis MO 10-20-2014 1 258 2242959 false 1 028-06487 First Trust Advisors L.P. INFORMATION TABLE 2 13fsept14-3.xml Vanguard Equity-Income Admiral MFUND 921921300 254 3884 SH SOLE 3884 0 0 3M Company COM 88579Y101 40487 285765 SH SOLE 285765 0 0 ACE Limited COM h0023r105 6473 61722 SH SOLE 61722 0 0 Air Products & Chemicals Inc. COM 009158106 6353 48802 SH SOLE 48802 0 0 American Capital Ltd. COM 02503Y103 5550 391978 SH DFND 0 391978 0 American Capital Senior Floati COM 02504D108 644 49535 SH SOLE 49535 0 0 American Express Company COM 025816109 21050 240462 SH SOLE 240462 0 0 Analog Devices, Inc. COM 032654105 5660 114358 SH SOLE 114358 0 0 Annaly Capital Management Inc. COM 035710409 3927 367717 SH DFND 0 367717 0 ANTOFAGASTA PLC S/ADR COM 037189107 281 12013 SH SOLE 12013 0 0 Apollo Investment Corp. COM 03761U106 6223 761733 SH DFND 0 761733 0 Ares Capital Corp. COM 04010L103 43583 2696968 SH DFND 0 2696968 0 Ares Commercial Real Estate COM 04013V108 234 20000 SH DFND 0 20000 0 Bank of Marin (CA) COM 063425102 1558 33950 SH DFND 0 33950 0 Barclays 20+ Year Treasury Bon COM 464287432 338 2903 SH SOLE 2903 0 0 Barclays Capital High Yield Bo COM 78464A417 4515 112381 SH SOLE 112381 0 0 Baxter International Inc COM 071813109 210 2931 SH SOLE 2931 0 0 Becton, Dickinson and Company COM 075887109 5875 51623 SH SOLE 51623 0 0 Bed Bath & Beyond Inc COM 075896100 17047 258958 SH SOLE 258958 0 0 Berkshire Hathaway Inc. - B COM 084670702 16277 117828 SH SOLE 117828 0 0 Berkshire Hathaway Inc. - Clas COM 084670108 1034 5 SH SOLE 5 0 0 BHP Billiton Limited - ADR COM 088606108 303 5153 SH SOLE 5153 0 0 BlackRock Kelso Capital Corp. COM 092533108 2778 325267 SH DFND 0 325267 0 Broadridge Financial Solutions COM 11133T103 32190 773252 SH SOLE 773252 0 0 Brown & Brown Inc. COM 115236101 12398 385618 SH DFND 0 385618 0 C & J Energy Services Inc COM 12467B304 1793 58682 SH DFND 0 58682 0 C.H. Robinson Worldwide Inc. COM 12541W209 36116 544574 SH SOLE 544574 0 0 CABOT OIL & GAS CORP. COM 127097103 323 9869 SH SOLE 9869 0 0 Cameco Corp. COM 13321L108 308 17413 SH SOLE 17413 0 0 Capstead Mortgage Corp. COM 14067E506 245 20000 SH DFND 0 20000 0 CF Industries Holdings Inc. COM 125269100 559 2003 SH SOLE 2003 0 0 Chevron Corp. COM 166764100 49220 412506 SH SOLE 412506 0 0 Cimarex Energy Co. COM 171798101 309 2439 SH SOLE 2439 0 0 CM Finance Inc COM 12574Q103 1790 135493 SH DFND 0 135493 0 Colgate-Palmolive Co. COM 194162103 39177 600690 SH SOLE 600690 0 0 Commerce Bancshares, Inc. COM 200525103 6036 135193 SH SOLE 135193 0 0 Compass Diversified Holdings COM 20451Q104 3276 187109 SH DFND 0 187109 0 Compass Minerals International COM 20451N101 299 3542 SH SOLE 3542 0 0 Concho Resources, Inc. 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COM 25960R105 769 39436 SH DFND 0 39436 0 Dow Jones U.S. Oil Equipment & COM 464288844 3005 45291 SH SOLE 45291 0 0 Dow Jones US Financial Sector COM 464287788 7770 92809 SH SOLE 92809 0 0 Dow Jones US Technology - iSha COM 464287721 10580 104997 SH SOLE 104997 0 0 Du Pont E.I. De Nemours & Com COM 263534109 36697 511386 SH SOLE 511386 0 0 Emerson Electric Company COM 291011104 42508 679262 SH SOLE 679262 0 0 Energy Select Sector - SPDR COM 81369Y506 3095 34158 SH SOLE 34158 0 0 Energy XXI Limited - (Bermuda COM G10082140 204 18016 SH SOLE 18016 0 0 ENI S.p.A. ADS COM 26874R108 316 6697 SH SOLE 6697 0 0 Enterprise Products Partner COM 293792107 219 5440 SH SOLE 5440 0 0 EOG Resources COM 26875P101 351 3541 SH SOLE 3541 0 0 ETFs Platinum Trust COM 26922v101 290 2295 SH SOLE 2295 0 0 European ETF - Vanguard COM 922042874 1749 31666 SH SOLE 31666 0 0 Expeditors International of Wa COM 302130109 18604 458463 SH SOLE 458463 0 0 Exponent Inc. COM 30214U102 1506 21248 SH DFND 0 21248 0 Express Scripts Inc. COM 30219G108 17667 250135 SH SOLE 250135 0 0 Exxon Mobil Corp. COM 30231G102 5655 60124 SH SOLE 60124 0 0 FEI Company COM 30241L109 1043 13823 SH SOLE 13823 0 0 Fidelity National Financial In COM 31620R303 24599 886769 SH SOLE 886769 0 0 Fifth Street Finance Corp. COM 31678A103 615 67000 SH DFND 0 67000 0 FMC Corp. COM 302491303 260 4544 SH SOLE 4544 0 0 FNFV Group COM 31620R402 1814 131810 SH SOLE 131810 0 0 Forward Air Corp. COM 349853101 1604 35788 SH DFND 0 35788 0 Franco-Nevada Corp. COM 351858105 321 6564 SH SOLE 6564 0 0 Franklin Electric Co. Inc. COM 353514102 1475 42453 SH DFND 0 42453 0 Franklin Street Properties Cor COM 35471R106 309 27500 SH SOLE 27500 0 0 Freeport-McMoRan Copper & Gold COM 35671D857 311 9519 SH SOLE 9519 0 0 Frensnillo PLC COM G371E2108 263 21371 SH SOLE 21371 0 0 FS Investment Corp. COM 302635107 1464 135941 SH DFND 0 135941 0 General Dynamics Corp. 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COM 384109104 29791 408206 SH DFND 0 408206 0 Guggenheim BulletShares Corpor COM 18383M563 1558 71657 SH SOLE 71657 0 0 Guggenheim BulletShares Corpor COM 18383M555 1630 73025 SH SOLE 73025 0 0 Guggenheim BulletShares Corpor COM 18383M548 2356 103502 SH SOLE 103502 0 0 Guggenheim BulletShares Corpor COM 18383M530 2341 110727 SH SOLE 110727 0 0 Guggenheim BulletShares Corpor COM 18383M522 2342 111449 SH SOLE 111449 0 0 Guggenheim BulletShares Corpor COM 18383M514 2342 111102 SH SOLE 111102 0 0 Guggenheim BulletShares Invest COM 18383M266 2414 116352 SH SOLE 116352 0 0 Guggenheim BulletShares Invest COM 18383M258 2420 117075 SH SOLE 117075 0 0 Gulf Coast Ultra Deep Royalty COM 40222T104 314 156812 SH SOLE 156812 0 0 Haemonetics Corporation COM 405024100 1650 47237 SH DFND 0 47237 0 Hallador Energy Company COM 40609P105 462 38988 SH SOLE 38988 0 0 Halliburton Co. 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COM 515098101 5294 73333 SH DFND 0 73333 0 Linear Technology Corp COM 535678106 30564 688538 SH SOLE 688538 0 0 Lockheed Martin Corp COM 539830109 44114 241350 SH SOLE 241350 0 0 Lowe's Companies Inc. COM 548661107 18460 348824 SH SOLE 348824 0 0 M&T Bank Corp. COM 55261F104 5972 48438 SH SOLE 48438 0 0 Main Street Capital Corp. COM 56035L104 2574 83993 SH DFND 0 83993 0 Manatuck Hill Mariner Offshore COM 562996983 417 3182 SH SOLE 3182 0 0 Marathon Oil Corp. COM 565849106 5896 156855 SH SOLE 156855 0 0 Markel Corp. COM 570535104 19407 30507 SH SOLE 30507 0 0 Martin Marietta Materials Inc. COM 573284106 32920 255310 SH SOLE 255310 0 0 Mastercard Inc. - A COM 57636Q104 13803 186729 SH SOLE 186729 0 0 Materials Select Sector - SPDR COM 81369Y100 3184 64215 SH SOLE 64215 0 0 Mattel Inc COM 577081102 30982 1010839 SH SOLE 1010839 0 0 McDonald's Corp. COM 580135101 5609 59156 SH SOLE 59156 0 0 MCG Capital Corp. COM 58047P107 329 93388 SH DFND 0 93388 0 MDU Resources Group Inc. 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COM 717081103 30878 1044229 SH SOLE 1044229 0 0 Piedmont Natural Gas Co. Inc. COM 720186105 5222 155744 SH SOLE 155744 0 0 PIMCO Intermediate Muni Bond E COM 72201R866 742 13901 SH SOLE 13901 0 0 Pioneer Natural Resources Co. COM 723787107 329 1671 SH SOLE 1671 0 0 Plum Creek Timber Co. Inc. COM 729251108 28913 741176 SH SOLE 741176 0 0 Potash Corp. of Saskatchewan I COM 73755L107 321 9290 SH SOLE 9290 0 0 Potbelly Corp COM 73754Y100 1585 135945 SH DFND 0 135945 0 Praxair Inc. COM 74005P104 37320 289304 SH SOLE 289304 0 0 Procter & Gamble Company COM 742718109 6603 78857 SH SOLE 78857 0 0 Progressive Corp. COM 743315103 31419 1242859 SH SOLE 1242859 0 0 Range Resources Corporation COM 75281A109 284 4185 SH SOLE 4185 0 0 Rayonier Advanced Materials COM 75508B104 17425 529475 SH DFND 0 529475 0 Rayonier Inc. 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COM 780287108 334 5140 SH SOLE 5140 0 0 Russell 2000 Growth Index - iS COM 464287648 5926 45694 SH SOLE 45694 0 0 Russell 2000 Value Index - iSh COM 464287630 2454 26225 SH SOLE 26225 0 0 S&P 500 - SPDR COM 78462F103 1300 6598 SH SOLE 6598 0 0 S&P 500 Growth Index - iShares COM 464287309 682 6388 SH SOLE 6388 0 0 S&P 500 Value Index - iShares COM 464287408 330 3667 SH SOLE 3667 0 0 S&P MidCap 400 Growth Index Fu COM 464287606 24818 163871 SH SOLE 163871 0 0 S&P MidCap 400 Value Index Fun COM 464287705 10449 86851 SH SOLE 86851 0 0 Safeguard Scientifics New COM 786449207 1357 73767 SH DFND 0 73767 0 Saratoga Investment Corporatio COM 80349A208 240 14936 SH DFND 0 14936 0 Select Comfort Corporation COM 81616X103 3722 177907 SH DFND 0 177907 0 Sigma-Aldrich Corp COM 826552101 19612 144197 SH SOLE 144197 0 0 Silver Wheaton Corp. COM 828336107 317 15906 SH SOLE 15906 0 0 Snyders-Lance Inc COM 833551104 1343 50666 SH DFND 0 50666 0 Solar Capital, LTD. 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COM 878377100 1686 18027 SH DFND 0 18027 0 The Clorox Company COM 189054109 6090 63415 SH SOLE 63415 0 0 The Coca-Cola Company COM 191216100 229 5367 SH SOLE 5367 0 0 Thermo Fisher Scientific, Inc. COM 883556102 14627 120188 SH SOLE 120188 0 0 Thermon Group Holdings Inc COM 88362T103 1597 65395 SH DFND 0 65395 0 THL Credit COM 872438106 9694 751440 SH DFND 0 751440 0 TICC Capital Corp. COM 87244T109 926 104903 SH DFND 0 104903 0 TJX Companies COM 872540109 21423 362066 SH SOLE 362066 0 0 Total SA - ADR COM 89151E109 309 4792 SH SOLE 4792 0 0 TPG Specialty Lending Inc Com COM 87265K102 2205 137717 SH DFND 0 137717 0 Triangle Capital Corp COM 895848109 5850 231024 SH DFND 0 231024 0 Triplepoint Venture Growth BDC COM 89677Y100 4118 281838 SH DFND 0 281838 0 United Technologies Corp. COM 913017109 18403 174274 SH SOLE 174274 0 0 Vanguard Interm. 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