0001442055-16-000018.txt : 20161104 0001442055-16-000018.hdr.sgml : 20161104 20161103180901 ACCESSION NUMBER: 0001442055-16-000018 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20160930 FILED AS OF DATE: 20161104 DATE AS OF CHANGE: 20161103 EFFECTIVENESS DATE: 20161104 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: 161973120 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 false false 0001442056 XXXXXXXX 09-30-2016 09-30-2016 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 John Hanzlik 3147435096 Joseph John Hanzlik Saint Louis MO 11-03-2016 1 224 3832357 false 1 028-06487 First Trust Advisors L.P. INFORMATION TABLE 2 13fsept2016.xml 13F Vanguard Equity-Income Admiral MFUND 921921300 219 3294 SH SOLE 3294 0 0 iShares iBonds Dec 2022 AMT-F COM 46435G755 5245 199131 SH SOLE 199131 0 0 3M Company COM 88579Y101 70140 398000 SH SOLE 398000 0 0 Advisory Board Company COM 00762w107 28184 629940 SH DFND 0 629940 0 Air Products & Chemicals Inc. COM 009158106 11047 73479 SH SOLE 73479 0 0 Alcentra Capital Corporation COM 01374T102 2480 190912 SH DFND 0 190912 0 ALCOA, INC. COM 013817101 253 24905 SH SOLE 24905 0 0 Allergan Inc. COM G0177J108 26310 114238 SH SOLE 114238 0 0 Alphabet Inc. Class- C COM 02079K107 25260 32497 SH SOLE 32497 0 0 Alphabet Inc. Class - A COM 02079K305 7885 9807 SH SOLE 9807 0 0 American Capital Ltd. COM 02503Y103 5881 347780 SH DFND 0 347780 0 American Express Company COM 025816109 33023 515658 SH SOLE 515658 0 0 American International Group I COM 026874784 51182 862523 SH SOLE 862523 0 0 Analog Devices Inc. COM 032654105 11419 177184 SH SOLE 177184 0 0 Anheuser-Busch InBev SA/NV COM 03524A108 353 2690 SH SOLE 2690 0 0 Annaly Capital Management Inc. COM 035710409 4325 411902 SH DFND 0 411902 0 Apollo Investment Corp. COM 03761U106 3196 551102 SH DFND 0 551102 0 Ares Capital Corp. COM 04010L103 65136 4202302 SH DFND 0 4202302 0 Bank of Marin (CA) COM 063425102 2329 46843 SH DFND 0 46843 0 Barclays 20+ Year Treasury Bon COM 464287432 25965 188819 SH SOLE 188819 0 0 Barclays 3-7 Year Treasury Bon COM 464288661 4152 32815 SH SOLE 32815 0 0 Becton Dickinson and Company COM 075887109 12642 70337 SH SOLE 70337 0 0 Bed Bath & Beyond Inc COM 075896100 31182 723309 SH SOLE 723309 0 0 Berkshire Hathaway Inc. - B COM 084670702 28724 198826 SH SOLE 198826 0 0 Berkshire Hathaway Inc. - Clas COM 084670108 1081 5 SH SOLE 5 0 0 Black Knight Financial Service COM 09214X100 4857 118765 SH SOLE 118765 0 0 BlackRock Kelso Capital Corp. COM 092533108 2367 285840 SH DFND 0 285840 0 Broadridge Financial Solutions COM 11133T103 58740 866497 SH SOLE 866497 0 0 Brown & Brown Inc. COM 115236101 23833 632010 SH DFND 0 632010 0 C.H. Robinson Worldwide Inc. COM 12541W209 52221 741147 SH SOLE 741147 0 0 Capitala Finance Corp COM 14054R106 869 66295 SH SOLE 66295 0 0 Capstead Mortgage Corp. COM 14067E506 1042 110509 SH DFND 0 110509 0 Chevron Corp. COM 166764100 70655 686504 SH SOLE 686504 0 0 Chubb Limited COM H1467J104 73606 585800 SH SOLE 585800 0 0 CM Finance Inc COM 12574Q103 1962 215557 SH DFND 0 215557 0 Colgate-Palmolive Co. COM 194162103 67213 906573 SH SOLE 906573 0 0 Commerce Bancshares Inc. COM 200525103 11347 230354 SH SOLE 230354 0 0 Compagnie Financiere Richemont COM 204319107 39255 6427806 SH SOLE 6427806 0 0 Compass Diversified Holdings COM 20451Q104 1533 88200 SH DFND 0 88200 0 Consumer Discret Select Sector COM 81369Y407 4116 51425 SH SOLE 51425 0 0 Consumer Staples Select Sector COM 81369Y308 2661 50007 SH SOLE 50007 0 0 Cullen Frost Bankers Inc. COM 229899109 9010 125246 SH SOLE 125246 0 0 Culp Inc. COM 230215105 1193 40062 SH DFND 0 40062 0 CYS Investments Inc COM 12673A108 6752 774326 SH DFND 0 774326 0 Diageo (Adr 1:4) COM 25243Q205 80822 696497 SH SOLE 696497 0 0 Digital Realty Trust Inc. COM 253868103 31918 328643 SH SOLE 328643 0 0 Discovery Communications Inc. COM 25470F302 46139 1753680 SH SOLE 1753680 0 0 Donaldson Inc COM 257651109 10880 291467 SH SOLE 291467 0 0 Dow Chemical COM 260543103 314 6060 SH SOLE 6060 0 0 Dow Jones U.S. Select Dividend COM 464288448 418 13950 SH SOLE 13950 0 0 Dow Jones US Financial Sector COM 464287788 3012 33472 SH SOLE 33472 0 0 Dow Jones US Technology - iSha COM 464287721 7028 59055 SH SOLE 59055 0 0 Du Pont E.I. De Nemours & Com COM 263534109 55470 828283 SH SOLE 828283 0 0 Energy Select Sector - SPDR COM 81369Y506 4654 65908 SH SOLE 65908 0 0 EOG Resources COM 26875P101 348 3599 SH SOLE 3599 0 0 Expeditors International of Wa COM 302130109 11770 228448 SH SOLE 228448 0 0 Exponent Inc. COM 30214U102 1987 38916 SH DFND 0 38916 0 Express Scripts Inc. COM 30219G108 24495 347304 SH SOLE 347304 0 0 Exxon Mobil Corp. COM 30231G102 10935 125284 SH SOLE 125284 0 0 Fastenal Co. COM 311900104 63190 1512450 SH SOLE 1512450 0 0 Fidelity National Financial In COM 31620R303 64692 1752709 SH SOLE 1752709 0 0 First Majestic Silver Corp. COM 32076V103 107 10342 SH SOLE 10342 0 0 First Trust Small Cap Growth COM 33737M300 201 5955 SH SOLE 5955 0 0 FMC Corp. COM 302491303 206 4271 SH SOLE 4271 0 0 Forward Air Corp. COM 349853101 2111 48808 SH DFND 0 48808 0 Franco-Nevada Corp. COM 351858105 330 4724 SH SOLE 4724 0 0 Franklin Electric Co. Inc. COM 353514102 2328 57181 SH DFND 0 57181 0 Franklin Street Properties Cor COM 35471R106 756 60000 SH SOLE 60000 0 0 FS Investment Corp. COM 302635107 3976 419870 SH DFND 0 419870 0 General Dynamics Corp. COM 369550108 11798 76038 SH SOLE 76038 0 0 General Electric Company COM 369604103 52019 1756216 SH SOLE 1756216 0 0 Gladstone Commercial Corp. COM 376536108 2324 124772 SH DFND 0 124772 0 Gladstone Investment Corp. COM 376546107 1267 142533 SH DFND 0 142533 0 GlaxoSmithKline Plc (Adr 1:2) COM 37733W105 60541 1403683 SH SOLE 1403683 0 0 Gold Shares - SPDR COM 78463V107 4001 31846 SH SOLE 31846 0 0 Gold Trust - iShares COM 464285105 1181 93048 SH SOLE 93048 0 0 Goldman Sachs BDC Inc. COM 38147U107 2801 128679 SH DFND 0 128679 0 Golub Capital BDC Inc COM 38173M102 14580 785122 SH DFND 0 785122 0 Graco inc. COM 384109104 62701 847313 SH DFND 0 847313 0 Guggenheim BulletShares Corpor COM 18383M530 4215 197690 SH SOLE 197690 0 0 Guggenheim BulletShares Corpor COM 18383M522 4258 198987 SH SOLE 198987 0 0 Guggenheim BulletShares Corpor COM 18383M514 4279 197080 SH SOLE 197080 0 0 Guggenheim BulletShares Corpor COM 18383M233 4382 205245 SH SOLE 205245 0 0 Guggenheim BulletShares Invest COM 18383M266 4313 199667 SH SOLE 199667 0 0 Guggenheim BulletShares Invest COM 18383M258 4349 200885 SH SOLE 200885 0 0 Haemonetics Corporation COM 405024100 2035 56190 SH DFND 0 56190 0 Hallador Energy Company COM 40609P105 254 32281 SH SOLE 32281 0 0 Halyard Health Inc COM 40650V100 2258 65137 SH DFND 0 65137 0 Harvest Capital Credit Corp COM 41753F109 203 16699 SH DFND 0 16699 0 Health Care Select Sector - SP COM 81369Y209 2720 37725 SH SOLE 37725 0 0 Hercules Technology Growth Cap COM 427096508 9816 723872 SH DFND 0 723872 0 Hilton Worldwide Holdings Inc COM 43300A104 3236 141110 SH SOLE 141110 0 0 Home Depot Inc. COM 437076102 13472 104697 SH SOLE 104697 0 0 Illinois Tool Works Inc. COM 452308109 34087 284436 SH SOLE 284436 0 0 Industrial Select Sector - SPD COM 81369Y704 2643 45266 SH SOLE 45266 0 0 Iron Mountain COM 46284V101 62143 1655817 SH SOLE 1655817 0 0 iShares 10+ Year Credit Bond E COM 464289511 3495 55254 SH SOLE 55254 0 0 iShares 7-10 Year Treasury Bon COM 464287440 22348 199751 SH SOLE 199751 0 0 iShares Barclays 1-3 Year Inve COM 464288646 1056 9988 SH SOLE 9988 0 0 iShares Corporate Bond ETF 202 COM 46432FAZ0 10071 370189 SH SOLE 370189 0 0 iShares Corporate ex Financial COM 46432FAG2 11211 452253 SH SOLE 452253 0 0 iShares Corporate ex Financial COM 46432FAK3 7039 282369 SH SOLE 282369 0 0 iShares Corporate ex Financial COM 46432FAN7 14364 570001 SH SOLE 570001 0 0 iShares iBonds Dec 2021 AMT-Fr COM 46435G789 3479 133895 SH SOLE 133895 0 0 iShares iBonds Sep 2019 Amt Fr COM 46429B564 2431 94788 SH SOLE 94788 0 0 iShares iBonds Sep 2020 Amt Fr COM 46434V571 3485 135018 SH SOLE 135018 0 0 iShares Interm. Term Corporate COM 464288638 5823 52293 SH SOLE 52293 0 0 iShares MBS Bond ETF COM 464288588 8495 77165 SH SOLE 77165 0 0 iShares National AMT-Free Muni COM 464288414 3515 31176 SH SOLE 31176 0 0 iShares Residential Real Estat COM 464288562 5538 84527 SH SOLE 84527 0 0 John Bean Technologies Corp. COM 477839104 2836 40200 SH DFND 0 40200 0 Johnson & Johnson COM 478160104 103903 879567 SH SOLE 879567 0 0 KCAP Financial Inc COM 48668E101 1576 340472 SH DFND 0 340472 0 Kinder Morgan Inc. COM 49456B101 60816 2629320 SH SOLE 2629320 0 0 Kohl's Corp. COM 500255104 54949 1255979 SH SOLE 1255979 0 0 Kraft Heinz Co. COM 500754106 65385 730481 SH SOLE 730481 0 0 Landstar System Inc. COM 515098101 1722 25288 SH DFND 0 25288 0 Linear Technology Corp COM 535678106 78685 1327121 SH SOLE 1327121 0 0 Lockheed Martin Corp COM 539830109 11372 47439 SH SOLE 47439 0 0 Lowe's Companies Inc. COM 548661107 43285 599427 SH SOLE 599427 0 0 M&T Bank Corp. COM 55261F104 9589 82595 SH SOLE 82595 0 0 Main Street Capital Corp. COM 56035L104 4478 130443 SH DFND 0 130443 0 Manatuck Hill Mariner Offshore COM 562996983 385 2813 SH SOLE 2813 0 0 Markel Corp. COM 570535104 52392 56410 SH SOLE 56410 0 0 Martin Marietta Materials Inc. COM 573284106 58145 324630 SH SOLE 324630 0 0 Mastercard Inc. - A COM 57636Q104 43046 422974 SH SOLE 422974 0 0 Mattel Inc COM 577081102 37718 1245649 SH SOLE 1245649 0 0 McDonald's Corp. COM 580135101 10584 91749 SH SOLE 91749 0 0 MDU Resources Group Inc. COM 552690109 11774 462822 SH SOLE 462822 0 0 Medallion Financial Corp COM 583928106 352 83353 SH DFND 0 83353 0 Medley Capital Corp. COM 58503F106 4480 587221 SH DFND 0 587221 0 Medtronic COM G5960L103 11315 130965 SH SOLE 130965 0 0 Microsoft Corp. COM 594918104 78190 1357465 SH SOLE 1357465 0 0 Monotype Imaging Holdings Inc COM 61022P100 2750 124386 SH DFND 0 124386 0 Morningstar Inc. COM 617700109 12207 153995 SH DFND 0 153995 0 MSC Industrial Direct Co. Inc COM 553530106 19384 264050 SH SOLE 264050 0 0 MTS Systems Corp. COM 553777103 13360 290242 SH DFND 0 290242 0 Mueller Industries Inc. COM 624756102 2246 69273 SH DFND 0 69273 0 National Interstate Corporatio COM 63654U100 1424 43778 SH DFND 0 43778 0 Natus Medical Inc COM 639050103 2821 71809 SH DFND 0 71809 0 Nestle SA COM 641069406 10399 131696 SH SOLE 131696 0 0 New Jersey Resources Corp. COM 646025106 10480 318935 SH SOLE 318935 0 0 New Mountain Finance Corp. COM 647551100 11439 831327 SH DFND 0 831327 0 Nike Inc. - B COM 654106103 8544 162275 SH SOLE 162275 0 0 Nordstrom Inc. COM 655664100 9241 178118 SH SOLE 178118 0 0 Northern Trust Corporation COM 665859104 66888 983792 SH SOLE 983792 0 0 Novartis AG - ADR COM 66987V109 9119 115487 SH SOLE 115487 0 0 NXP Semiconductors COM N6596X109 47776 468349 SH SOLE 468349 0 0 Occidental Petroleum Corp COM 674599105 10397 142574 SH SOLE 142574 0 0 OFS Capital Corp. COM 67103B100 4889 375233 SH DFND 0 375233 0 Onebeacon Insurance Group Ltd COM G67742109 2305 161409 SH DFND 0 161409 0 Patterson Companies Inc. COM 703395103 5890 128221 SH DFND 0 128221 0 Paychex Inc. COM 704326107 67860 1172621 SH SOLE 1172621 0 0 PennantPark Floating Rate Capi COM 70806A106 2041 154266 SH DFND 0 154266 0 PennantPark Investment Corp. COM 708062104 6858 911964 SH DFND 0 911964 0 Pepsico Inc COM 713448108 102804 945153 SH SOLE 945153 0 0 Pfizer Inc. COM 717081103 58194 1718169 SH SOLE 1718169 0 0 Piedmont Natural Gas Co. Inc. COM 720186105 395 6581 SH SOLE 6581 0 0 Pioneer Natural Resources Co. COM 723787107 315 1699 SH SOLE 1699 0 0 Polaris Industries COM 731068102 9537 123152 SH SOLE 123152 0 0 Potbelly Corp COM 73754Y100 2273 182836 SH DFND 0 182836 0 Potlatch Corp. COM 737630103 232 5972 SH SOLE 5972 0 0 Praxair Inc. COM 74005P104 66729 552254 SH SOLE 552254 0 0 Procter & Gamble Company COM 742718109 11080 123449 SH SOLE 123449 0 0 Progressive Corp. COM 743315103 61904 1965218 SH SOLE 1965218 0 0 Raven Industries Inc COM 754212108 2634 114352 SH DFND 0 114352 0 Rayonier Inc. COM 754907103 59263 2232979 SH DFND 0 2232979 0 RBC Bearings Incorporated COM 75524B104 1236 16163 SH DFND 0 16163 0 RE/Max Holdings COM 75524W108 19672 449345 SH DFND 0 449345 0 REIT Index - Vanguard COM 922908553 3934 45359 SH SOLE 45359 0 0 Royal Gold, Inc. COM 780287108 337 4349 SH SOLE 4349 0 0 Russell 2000 Growth Index - iS COM 464287648 5155 34620 SH SOLE 34620 0 0 Russell 2000 Value Index - iSh COM 464287630 5476 52279 SH SOLE 52279 0 0 Russell Midcap Growth Index Fu COM 464287481 5189 53290 SH SOLE 53290 0 0 S&P 500 - SPDR COM 78462F103 2900 13407 SH SOLE 13407 0 0 S&P 500 Index Fund - iShares COM 464287200 1011 4645 SH SOLE 4645 0 0 S&P 500 Value Index - iShares COM 464287408 304 3204 SH SOLE 3204 0 0 S&P MidCap 400 Growth Index Fu COM 464287606 5626 32199 SH SOLE 32199 0 0 S&P MidCap 400 Value Index Fun COM 464287705 7342 55203 SH SOLE 55203 0 0 S&P SmallCap 600 Growth Index COM 464287887 4685 34166 SH SOLE 34166 0 0 S&P SmallCap 600 Index Fund - COM 464287804 311 2509 SH SOLE 2509 0 0 S&P SmallCap 600 Value Index F COM 464287879 4239 33962 SH SOLE 33962 0 0 Sandstorm Gold LTD COM 80013R206 228 45349 SH SOLE 45349 0 0 Schlumberger Ltd. COM 806857108 25615 325726 SH SOLE 325726 0 0 SEI Investments Company COM 784117103 10116 221796 SH SOLE 221796 0 0 Silver Trust - iShares COM 46428Q109 250 13727 SH SOLE 13727 0 0 Silver Wheaton Corp. COM 828336107 384 14192 SH SOLE 14192 0 0 Small Cap Growth - Vanguard ET COM 922908595 4499 34142 SH SOLE 34142 0 0 Snyders-Lance Inc COM 833551104 2442 72721 SH DFND 0 72721 0 Solar Capital, LTD. COM 83413U100 10829 527713 SH DFND 0 527713 0 Solar Senior Capital Ltd. COM 83416M105 1426 87967 SH DFND 0 87967 0 Southern Company COM 842587107 66599 1298232 SH SOLE 1298232 0 0 SPDR Interm. Term Corporate Bo COM 78464A375 11406 326734 SH SOLE 326734 0 0 SPDR Nuveen Barclays Capital M COM 78468R721 7377 147312 SH SOLE 147312 0 0 Starbucks Corporation COM 855244109 11107 205149 SH SOLE 205149 0 0 Stellus Capital Investment COM 858568108 4418 405736 SH DFND 0 405736 0 Stryker Corp. COM 863667101 64588 554834 SH SOLE 554834 0 0 T. Rowe Price Group Inc. COM 74144T108 9011 135496 SH SOLE 135496 0 0 TCP Capital Corp COM 87238Q103 12211 745512 SH DFND 0 745512 0 Techne Corp. COM 09073M104 2373 21675 SH DFND 0 21675 0 The Clorox Company COM 189054109 11059 88344 SH SOLE 88344 0 0 The Coca-Cola Company COM 191216100 201 4761 SH SOLE 4761 0 0 Thermo Fisher Scientific Inc. COM 883556102 31693 199252 SH SOLE 199252 0 0 Thermon Group Holdings Inc COM 88362T103 2077 105154 SH DFND 0 105154 0 THL Credit COM 872438106 9908 1039700 SH DFND 0 1039700 0 TJX Companies COM 872540109 39054 522257 SH SOLE 522257 0 0 TPG Specialty Lending Inc Com COM 87265K102 7049 389220 SH DFND 0 389220 0 Triangle Capital Corp COM 895848109 9054 459588 SH DFND 0 459588 0 Triplepoint Venture Growth BDC COM 89677Y100 7893 744583 SH DFND 0 744583 0 United Technologies Corp. COM 913017109 30191 297159 SH SOLE 297159 0 0 VanEck Vectors Long Municipal COM 92189F536 10747 516423 SH SOLE 516423 0 0 Vanguard Long Term Corporate B COM 92206C813 6515 68080 SH SOLE 68080 0 0 Vanguard MSCI Emerging Markets COM 922042858 298 7923 SH SOLE 7923 0 0 Varian Medical Systems Inc. COM 92220P105 3819 38371 SH SOLE 38371 0 0 VCA Antech Inc. COM 918194101 3397 48543 SH DFND 0 48543 0 Velocity Shares 3X Inv Natural COM 22542D530 69 11299 SH SOLE 11299 0 0 Visa, Inc. - A COM 92826C839 231 2798 SH SOLE 2798 0 0 Vulcan Materials Co. COM 929160109 262 2308 SH SOLE 2308 0 0 W.R. Berkley Corp COM 084423102 29511 510925 SH SOLE 510925 0 0 W.W. Grainger Inc. COM 384802104 9384 41737 SH SOLE 41737 0 0 Weyerhaeuser Co. COM 962166104 62806 1966361 SH SOLE 1966361 0 0 WisdomTree LargeCap Dividend F COM 97717W307 802 10419 SH SOLE 10419 0 0 WisdomTree LargeCap Value Fund COM 97717W547 228 3583 SH SOLE 3583 0 0