0001442055-11-000002.txt : 20110413
0001442055-11-000002.hdr.sgml : 20110413
20110413141045
ACCESSION NUMBER: 0001442055-11-000002
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20110331
FILED AS OF DATE: 20110413
DATE AS OF CHANGE: 20110413
EFFECTIVENESS DATE: 20110413
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: 11756770
BUSINESS ADDRESS:
STREET 1: 349 MARSHALL AVENUE, SUITE 302
CITY: ST. LOUIS
STATE: MO
ZIP: 63119
BUSINESS PHONE: 314-743-5090
MAIL ADDRESS:
STREET 1: 349 MARSHALL AVENUE, SUITE 302
CITY: ST. LOUIS
STATE: MO
ZIP: 63119
13F-HR
1
cimformmar11.txt
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2011
Check here if Amendment [ ]; Amendment Number:
------
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Confluence Investment Management LLC
Address: 349 Marshall Avenue, Suite 302
Saint Louis, MO 63119
Form 13F File Number:
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Joseph J. Hanzlik
Title: Senior Vice President / CFO
Phone: 314-743-5096
Signature, Place, and Date of Signing:
/s/ Joseph J. Hanzlik Saint Louis, MO April 13, 2011
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
Form 13F
SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
Form 13F Information Table Entry Total: 241
Form 13F Information Table Value Total: $790,149 (thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
No. Form 13F File # Name
01 028-06487 First Trust Advisors L.P.
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
3 M Company COM 88579Y101 7828 83718 SH Sole 83718
Affiliated Managers Group COM 008252108 1692 15468 SH Defined 01 15468
AFLAC COM 001055102 940 17804 SH Sole 17804
Africa Index ETF - Vanguard Ma COM 57060U787 211 6306 SH Sole 6306
Air Products & Chemicals COM 009158106 1014 11246 SH Sole 11246
Alpha Natural Resources Inc. COM 02076X102 542 9127 SH Sole 9127
Ambassadors Group Inc COM 023177108 2149 196262 SH Defined 01 196262
American Express COM 025816109 7951 175897 SH Sole 175897
Analog Devices COM 032654105 1143 29029 SH Sole 29029
Anglo Platinum Ltd (Adr) COM 035078104 545 31635 SH Sole 31635
Annaly Capital Management Inc. COM 035710409 10256 587717 SH Defined 01 587717
Apollo Investment Corp. COM 03761U106 6816 564917 SH Defined 01 564917
Ares Capital Corp. COM 04010L103 22753 1342587 SH Defined 01 1342587
Australian Dollar Trust - Curr COM 23129U101 217 2094 SH Sole 2094
Auto Data Processing Inc COM 053015103 1097 21388 SH Sole 21388
Avalon Rare Metals COM 053470100 313 38698 SH Sole 38698
Avery Dennison Corp. COM 053611109 3908 93133 SH Sole 93133
B&G Foods, Inc. COM 05508R106 769 40987 SH Sole 40987
Barclays 1-3 Year Credit Bond COM 464288646 2794 26748 SH Sole 26748
Barclays 7-10 Year Treasury Bo COM 464287440 5211 56031 SH Sole 56031
Barclays Cap I/T Cr Bond SPDR COM 78464A375 2106 64406 SH Sole 64406
Barclays Cap Mort Back COM 78464A383 996 36946 SH Sole 36946
Barclays Capital High Yield Bo COM 78464A417 15558 384045 SH Defined 01 384045
Barclays Capital Municipal Bon COM 78464A458 1602 72869 SH Sole 72869
Barclays Intermediate Credit B COM 464288638 2075 19711 SH Sole 19711
Barclays MBS Bond Fund - iShar COM 464288588 3840 36454 SH Sole 36454
Barclays Short Term Municipal COM 78464A425 1590 66706 SH Sole 66706
Becton Dickinson COM 075887109 941 11815 SH Sole 11815
Bed Bath & Beyond Inc COM 075896100 7097 147030 SH Sole 147030
Berkshire Hathaway (Class A) COM 084670108 376 3 SH Defined 01 3
Berkshire Hathaway (Class B) COM 084670702 6786 81148 SH Sole 81148
BHP Billiton Ltd. (Adr 1:2) COM 088606108 592 6173 SH Sole 6173
Bio-Reference Laboratories COM 09057G602 772 34417 SH Defined 01 34417
BlackRock Kelso Capital Corp. COM 092533108 11777 1163706 SH Defined 01 1163706
Broadridge Financial Solutions COM 11133T103 6443 283941 SH Sole 283941
Brown And Brown Inc COM 115236101 1343 52069 SH Sole 52069
Brown Forman Corp. (Class B) COM 115637209 1034 15133 SH Sole 15133
California Pizza Kitchen COM 13054D109 2900 171816 SH Defined 01 171816
Cameco Corp (US Listing) COM 13321L108 433 14417 SH Sole 14417
Cemex SA de CV (Adr 1:10) COM 151290889 385 43104 SH Sole 43104
Cenovus Energy Inc. COM 15135U109 665 16875 SH Sole 16875
CF INDUSTRIES HOLDINGS INC COM 125269100 522 3814 SH Sole 3814
Chevron Corp. COM 166764100 15854 147494 SH Sole 147494
CIMAREX ENERGY CO COM 171798101 531 4611 SH Sole 4611
Cliffs Natural Resources COM 18683K101 583 5936 SH Sole 5936
Clorox COM 189054109 1046 14928 SH Sole 14928
Colgate Palmolive Co COM 194162103 1049 12990 SH Sole 12990
Commerce Bancshares Inc COM 200525103 1131 27962 SH Sole 27962
Compass Diversified Holdings COM 20451Q104 2818 191200 SH Defined 01 191200
Conoco Phillips COM 20825C104 1326 16609 SH Sole 16609
Consumer Discretionary Select COM 81369Y407 7805 199861 SH Sole 199861
Consumer Staples Select Sector COM 81369Y308 5723 191291 SH Sole 191291
Contango Oil & Gas Co COM 21075N204 545 8612 SH Sole 8612
CPI Corp. COM 125902106 5999 266519 SH Defined 01 266519
Cullen / frost Bankers COM 229899109 998 16917 SH Sole 16917
Cypress Sharpridge Investments COM 23281A307 6884 542880 SH Defined 01 542880
Diageo (Adr 1:4) COM 25243Q205 13204 173242 SH Sole 173242
DJ-UBS Commodity Index Total R COM 06738C778 11900 231749 SH Sole 231749
DJ-UBS Copper Subindex Total R COM 06739F101 741 13031 SH Sole 13031
DJ-UBS Lead Subindex Total Ret COM 06739H263 536 7972 SH Sole 7972
DJ-UBS Livestock Subindex Tota COM 06739H743 404 12321 SH Sole 12321
DJ-UBS Platinum Subindex Total COM 06739H255 638 15047 SH Sole 15047
Dow Jones U.S. Aerospace & Def COM 464288760 429 6675 SH Sole 6675
Dow Jones U.S. Utilities Secto COM 464287697 2496 31452 SH Sole 31452
Du Pont (Ei) De Nemours P-A COM 263534109 4576 83239 SH Sole 83239
Eaton Vance Corp. COM 278265103 991 30727 SH Sole 30727
Emerson Electric Co. COM 291011104 11574 198088 SH Sole 198088
EnCana Corp COM 292505104 870 25208 SH Sole 25208
Energy Select Sector SPDR COM 81369Y506 15052 188738 SH Sole 188738
Enerplus Resources Fund (Unit COM 292766102 530 16749 SH Sole 16749
European Goldfield LTD COM 298774100 267 21234 SH Sole 21234
Exeter Resource Corp. COM 301835104 238 44602 SH Sole 44602
Exxon Mobil Corp. COM 30231G102 8543 101550 SH Sole 101550
Fidelity National Financial In COM 31620R105 7614 538882 SH Defined 01 538882
Fifth Street Finance Corp. COM 31678A103 4022 301294 SH Defined 01 301294
Financials Select Sector SPDR COM 81369Y605 11299 689390 SH Sole 689390
First Majestic Silver Corp. COM 32076V103 319 15037 SH Sole 15037
Forward Air Corp. COM 349853101 487 15892 SH Defined 01 15892
Franco Nevada Corp. COM 351858105 568 15517 SH Sole 15517
Franklin Street Properties Cor COM 35471R106 4420 314161 SH Defined 01 314161
Freeport Mcmoran Copper (Class COM 35671D857 560 10084 SH Sole 10084
Full Circle Capital Corp. COM 359671104 336 41955 SH Defined 01 41955
General Dynamics Corp. COM 369550108 1051 13734 SH Sole 13734
General Mills COM 370334104 984 26926 SH Sole 26926
Gladstone Capital Corporation COM 376535100 4764 421186 SH Defined 01 421186
Gladstone Commercial Corp. COM 376536108 601 32962 SH Defined 01 32962
Gladstone Investment Corp. COM 376546107 1423 183333 SH Defined 01 183333
GlaxoSmithKline Plc (Adr 1:2) COM 37733W105 6879 179105 SH Sole 179105
Gold Trust - SPDR COM 78463V107 1052 7520 SH Sole 7520
Goldcorp COM 380956409 571 11456 SH Sole 11456
Golub Capital BDC, Inc. COM 38173M102 6030 382102 SH Defined 01 382102
Graco Inc COM 384109104 7315 160814 SH Sole 160814
Haemonetics Corp. COM 405024100 860 13121 SH Defined 01 13121
Hatteras Financial Corp COM 41902R103 4114 146298 SH Defined 01 146298
Health Care Select Sector SPDR COM 81369Y209 6280 189685 SH Sole 189685
Heartland Express COM 422347104 812 46262 SH Defined 01 46262
Hercules Technology Growth Cap COM 427096508 6102 554747 SH Defined 01 554747
Hibbett Sports Inc. COM 428567101 1018 28432 SH Defined 01 28432
High-Yield Municipal Index ETF COM 57060U878 400 14076 SH Sole 14076
Home Depot Inc. COM 437076102 6586 177708 SH Sole 177708
Horizon Technology COM 44045A102 2272 141352 SH Defined 01 141352
IBM COM 459200101 1169 7169 SH Sole 7169
iBoxx $ High Yield Corporate B COM 464288513 11738 127644 SH Sole 127644
iBoxx $ Investment Grade Corpo COM 464287242 12159 112379 SH Sole 112379
Illinois Tool Works Inc COM 452308109 7110 132352 SH Sole 132352
Impala Platinum Holdings Ltd COM 452553308 525 18115 SH Sole 18115
Imperial Oil Ltd. (US Listing) COM 453038408 535 10470 SH Sole 10470
Industrials Select Sector SPDR COM 81369Y704 9966 264598 SH Sole 264598
Inmet Mining Corp. COM 457983104 499 7126 SH Sole 7126
ISE-Revere Natural Gas Index F COM 33734J102 613 26246 SH Sole 26246
ISE Global Copper Index Fund - COM 33733J103 212 4861 SH Sole 4861
ISE Global Platinum Index Fund COM 33737C104 208 6327 SH Sole 6327
Japanese Yen - CurrencyShares COM 23130a102 361 3037 SH Sole 3037
John Wiley & Sons (Class A) COM 968223206 1346 26475 SH Defined 01 26475
Johnson & Johnson COM 478160104 11891 200694 SH Sole 200694
Kohlberg Capital Corp. COM 500233101 2645 320163 SH Defined 01 320163
Landauer COM 51476K103 5769 93769 SH Sole 93769
Landstar System Inc COM 515098101 2652 58056 SH Defined 01 58056
Linear Technology Corp. COM 535678106 8493 252543 SH Sole 252543
Lockheed Martin Corp. COM 539830109 6467 80440 SH Sole 80440
Lowes Companies COM 548661107 8296 313876 SH Sole 313876
M&T Bank Corp. COM 55261F104 1066 12053 SH Sole 12053
MAG Silver Corp. COM 55903Q104 268 22493 SH Sole 22493
Main Street Capital Corp. COM 56035L104 365 19774 SH Defined 01 19774
Manatuck Hill Mariner Offshore COM 562996983 584 3764 SH Sole 3764
Marathon Oil Corp. COM 565849106 1316 24677 SH Sole 24677
Markel Corp. COM 570535104 8410 20293 SH Defined 01 20293
Martin Marietta Materials COM 573284106 5867 65429 SH Sole 65429
Materials Select Sector SPDR COM 81369Y100 4173 104284 SH Sole 104284
McDonald's Corp COM 580135101 1055 13859 SH Sole 13859
MCG Capital Corp. COM 58047P107 1524 233843 SH Sole 233843
Mcgraw Hill Co Inc COM 580645109 6542 166036 SH Sole 166036
MCMORAN EXPLORATION CO COM 582411104 541 30570 SH Sole 30570
Mdu Resources Group COM 552690109 1038 45207 SH Sole 45207
Medallion Financial Corp COM 583928106 3850 437977 SH Defined 01 437977
Medical Action Industries COM 58449L100 1028 122339 SH Defined 01 122339
Medley Capital Corporation COM 58503F106 1406 115400 SH Defined 01 115400
Mercury General Corp COM 589400100 5872 150059 SH Defined 01 150059
Mesabi Trust COM 590672101 534 12984 SH Sole 12984
Microsoft Corp. COM 594918104 13827 544601 SH Sole 544601
Mohawk Industries COM 608190104 663 10849 SH Sole 10849
Molycorp Inc. COM 608753109 682 11370 SH Sole 11370
Morningstar, Inc. COM 617700109 745 12768 SH Defined 01 12768
Mosaic Co.. COM 61945A107 504 6402 SH Sole 6402
MSCI Emerging Markets Index Fu COM 464287234 7524 154582 SH Sole 154582
MSCI Japan Index Fund - iShare COM 464286848 384 37255 SH Sole 37255
Murphy Oil Corp. COM 626717102 521 7102 SH Sole 7102
MVC Capital Inc COM 553829102 10063 733423 SH Defined 01 733423
New Jersey Resources COM 646025106 978 22766 SH Sole 22766
New Zealand Dollar Fund - Wisd COM 97717W216 208 8936 SH Sole 8936
Newmont Mining Corp COM 651639106 504 9229 SH Sole 9229
NextEra Energy, Inc. COM 65339F101 1066 19331 SH Sole 19331
NGP Capital Ressources Company COM 62912R107 3206 332543 SH Defined 01 332543
Nordstrom Inc COM 655664100 1117 24880 SH Sole 24880
NorthStar Realty Finance Corp. COM 66704R100 2151 402092 SH Defined 01 402092
Northwest Bancshares Inc COM 667340103 845 67400 SH Defined 01 67400
Novartis AG (Adr) COM 66987V109 941 17316 SH Sole 17316
Occidental Petroleum Corporati COM 674599105 1132 10838 SH Sole 10838
Owens & Minor Inc Holding COM 690732102 1033 31790 SH Sole 31790
Panera Bread Company COM 69840W108 451 3549 SH Defined 01 3549
Patriot Coal Corporation COM 70336T104 540 20906 SH Sole 20906
Patterson Companies Inc COM 703395103 1346 41825 SH Defined 01 41825
Paychex COM 704326107 7001 223083 SH Sole 223083
Peabody Energy COM 704549104 1186 16483 SH Sole 16483
PennantPark Investment Corp. COM 708062104 10713 898733 SH Defined 01 898733
People's United Financial, Inc COM 712704105 170 13553 SH Defined 01 13553
Pepsico COM 713448108 12951 201075 SH Sole 201075
Pfizer COM 717081103 12060 593789 SH Sole 593789
Piedmont Natural Gas COM 720186105 1005 33120 SH Sole 33120
Plains Exploration & Productio COM 726505100 543 14987 SH Sole 14987
Platinum Group Metals COM 72765Q205 226 114883 SH Sole 114883
Plum Creek Timber Co COM 729251108 4724 108325 SH Sole 108325
Polaris Industries COM 731068102 1311 15061 SH Sole 15061
Potash Corp. of Saskatchewan I COM 73755L107 536 9091 SH Sole 9091
Praxair COM 74005P104 1083 10661 SH Sole 10661
Procter & Gamble COM 742718109 1102 17897 SH Sole 17897
Prospect Capital Corp COM 74348T102 332 27178 SH Defined 01 27178
Quest Diagnostics Inc COM 74834L100 6151 106562 SH Sole 106562
Rare Earth/Strategic Metals ET COM 57060U472 220 8383 SH Sole 8383
Rare Element Resources Ltd. COM 75381M102 326 24763 SH Sole 24763
Rayonier Inc COM 754907103 4560 73190 SH Defined 01 73190
REIT Index ETF- Vanguard COM 922908553 5900 100899 SH Sole 100899
Ritchie Bros. Auction COM 767744105 1429 50753 SH Defined 01 50753
RLI Corp. COM 749607107 1746 30285 SH Defined 01 30285
Ross Stores COM 778296103 664 9343 SH Sole 9343
Royal Gold COM 780287108 543 10355 SH Sole 10355
Russell 2000 Growth Index Fund COM 464287648 3249 34082 SH Sole 34082
Russell 2000 Value Index Fund COM 464287630 858 11384 SH Sole 11384
S&P 500 Growth Index Fund - iS COM 464287309 1333 19396 SH Sole 19396
S&P 500 Value Index Fund - iSh COM 464287408 910 14381 SH Sole 14381
S&P GSCI Crude Oil Total Retur COM 06738C786 4854 172125 SH Sole 172125
Sanderson Farms, Inc. COM 800013104 896 19513 SH Defined 01 19513
Saratoga Investment Corporatio COM 80349A208 251 11739 SH Defined 01 11739
Scotts Miracle Gro Co COM 810186106 927 16028 SH Defined 01 16028
Seabridge Gold Inc. COM 811916105 491 15442 SH Sole 15442
Sherwin Williams COM 824348106 4202 50030 SH Sole 50030
Sigma Aldrich Corp COM 826552101 8068 126770 SH Defined 01 126770
Silver Trust - iShares COM 46428Q109 650 17681 SH Sole 17681
Silver wheaton Corporation COM 828336107 644 14857 SH Sole 14857
Simpson Manufacturing COM 829073105 817 27732 SH Defined 01 27732
Smith & Nephew (Adr 1:5) COM 83175M205 511 9058 SH Sole 9058
Soc Quimica Y Minera Chile (Ad COM 833635105 521 9433 SH Sole 9433
Solar Capital, LTD. COM 83413U100 8600 360153 SH Defined 01 360153
Source Capital COM 836144105 4931 84945 SH Sole 84945
Southern Co. COM 842587107 7039 184697 SH Sole 184697
Southern Copper Corp. COM 84265V105 459 11394 SH Sole 11394
Southwestern Energy Co. COM 845467109 543 12633 SH Sole 12633
Strayer Education Inc COM 863236105 481 3688 SH Sole 3688
Sysco Corp. COM 871829107 889 32106 SH Sole 32106
Talisman Energy (US Listing) COM 87425E103 552 22342 SH Sole 22342
Target Corp. COM 87612E106 990 19792 SH Sole 19792
Techne Corp. COM 878377100 775 10830 SH Defined 01 10830
Technology Select Sector SPDR COM 81369Y803 12014 460975 SH Sole 460975
Teck Cominco (US Listing) COM 878742204 483 9109 SH Sole 9109
Thermo Fisher Scientific Inc. COM 883556102 8026 144486 SH Sole 144486
THL Credit COM 872438106 4558 333703 SH Defined 01 333703
TICC Capital Corp. COM 87244T109 893 82140 SH Defined 01 82140
TJX Companies Inc COM 872540109 6890 138547 SH Sole 138547
Triangle Capital Corp COM 895848109 3948 218601 SH Defined 01 218601
Tyco International Ltd. COM H89128104 6584 147053 SH Sole 147053
United Technologies COM 913017109 1209 14277 SH Sole 14277
Uranium Energy Corp. COM 916896103 455 113973 SH Sole 113973
Utilities Select Sector SPDR COM 81369Y886 389 12212 SH Sole 12212
Vale SA (Adr) COM 91912E105 488 14643 SH Sole 14643
Vanguard Intermediate - Term C COM 92206C870 2494 31596 SH Sole 31596
Vanguard S/T Corp Bond ETF COM 92206C409 835 10785 SH Sole 10785
VCA Antech, Inc. COM 918194101 2481 98578 SH Defined 01 98578
Vectren COM 92240G101 5956 218962 SH Sole 218962
Vulcan Materials Co. COM 929160109 5563 121998 SH Sole 121998
Wal Mart Stores Inc COM 931142103 6659 127936 SH Sole 127936
WALTER ENERGY, INC. COM 93317Q105 555 4095 SH Sole 4095
Waters Corp. COM 941848103 7547 86848 SH Sole 86848
Wells Fargo Co CS COM 949746101 5001 157714 SH Sole 157714
West Pharmaceutical Serv COM 955306105 795 17747 SH Defined 01 17747
Western Union Co. COM 959802109 5799 279187 SH Sole 279187
White Mountain Insurance COM G9618E107 504 1383 SH Sole 1383
Willis Group Hldg COM G96666105 6541 162055 SH Sole 162055
WR Berkley Corp COM 084423102 9865 306267 SH Defined 01 306267
WW Grainger Inc COM 384802104 1157 8405 SH Sole 8405
Yamana Gold Inc (US Listing) COM 98462Y100 498 40442 SH Sole 40442
Zebra Technologies COM 989207105 511 13032 SH Defined 01 13032