0001442055-12-000002.txt : 20120131
0001442055-12-000002.hdr.sgml : 20120131
20120131164656
ACCESSION NUMBER: 0001442055-12-000002
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20111231
FILED AS OF DATE: 20120131
DATE AS OF CHANGE: 20120131
EFFECTIVENESS DATE: 20120131
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: 12559775
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
cimformdect11.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: December 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 January 31, 2012
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: 221
Form 13F Information Table Value Total: $892,911 (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
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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
10+ Year Credit Bond - iShares COM 464289511 1067 18083 SH Sole 18083
3M Co. COM 88579Y101 9465 115814 SH Sole 115814
Affiliated Managers Group COM 008252108 1258 13112 SH Defined 01 13112
Air Products & Chemicals COM 009158106 1513 17757 SH Sole 17757
American Express COM 025816109 8873 188113 SH Sole 188113
Analog Devices COM 032654105 1598 44654 SH Sole 44654
Anglo American Plc ADR COM 03485P201 487 26814 SH Sole 26814
Annaly Capital Management Inc. COM 035710409 13164 824793 SH Defined 01 824793
Apollo Investment Corp. COM 03761U106 3650 566733 SH Defined 01 566733
Ares Capital Corp. COM 04010L103 23200 1501635 SH Defined 01 1501635
Australian Dollar Trust - Curr COM 23129U101 691 6734 SH Sole 6734
Automatic Data Processing Inc. COM 053015103 1729 32005 SH Sole 32005
Barclays 1-3 Year Credit Bond COM 464288646 3203 30739 SH Sole 30739
Barclays 20+ Year Treasury Bon COM 464287432 1826 15056 SH Sole 15056
Barclays 7-10 Year Treasury Bo COM 464287440 3340 31635 SH Sole 31635
Barclays Capital Municipal Bon COM 78464A458 1262 53149 SH Sole 53149
Barclays Intermediate Credit B COM 464288638 3302 30807 SH Sole 30807
Barclays MBS Bond Fund - iShar COM 464288588 4154 38437 SH Sole 38437
Barclays Short Term Municipal COM 78464A425 1241 50975 SH Sole 50975
Barrick Gold Corp. COM 067901108 601 13282 SH Sole 13282
Beam Inc. COM 073730103 6395 124835 SH Sole 124835
Becton Dickinson COM 075887109 1430 19136 SH Sole 19136
Bed Bath & Beyond Inc COM 075896100 7775 134118 SH Sole 134118
Berkshire Hathaway (Class B) COM 084670702 6666 87371 SH Sole 87371
Berkshire Hathaway Inc. - Clas COM 084670108 344 3 SH Defined 01 3
Berry Petroleum Company COM 085789105 285 6789 SH Sole 6789
BHP Billiton Ltd. (Adr 1:2) COM 088606108 767 10855 SH Sole 10855
BlackRock Kelso Capital Corp. COM 092533108 9739 1193450 SH Defined 01 1193450
BP PLC (Adr 1:6) COM 055622104 682 15967 SH Sole 15967
Broadridge Financial Solutions COM 11133T103 8263 366435 SH Sole 366435
Brown And Brown Inc COM 115236101 2701 119354 SH Defined 01 119354
Brown Forman Corp. (Class B) COM 115637209 1813 22520 SH Sole 22520
CF Industries Holdings Inc. COM 125269100 656 4522 SH Sole 4522
Chevron Corp. COM 166764100 18540 174244 SH Sole 174244
China FTSE Index Fund iShares COM 464287184 266 7635 SH Sole 7635
Cliffs Natural Resources COM 18683K101 463 7427 SH Sole 7427
Clorox COM 189054109 1550 23283 SH Sole 23283
Colgate Palmolive Co COM 194162103 1720 18612 SH Sole 18612
Commerce Bancshares Inc COM 200525103 1688 44284 SH Sole 44284
Compass Diversified Holdings COM 20451Q104 2679 216200 SH Defined 01 216200
ConocoPhillips COM 20825C104 2670 36647 SH Sole 36647
Consumer Discretionary Select COM 81369Y407 4559 116849 SH Sole 116849
Consumer Staples Select Sector COM 81369Y308 8349 256960 SH Sole 256960
Contango Oil & Gas Co COM 21075N204 617 10611 SH Sole 10611
Cullen/Frost Bankers, Inc. COM 229899109 1513 28598 SH Sole 28598
CYS Investments COM 12673A108 7357 559880 SH Sole 559880
DB U.S. Dollar Index Bearish F COM 73936D206 271 10079 SH Sole 10079
Diageo (Adr 1:4) COM 25243Q205 17527 200492 SH Sole 200492
Discovery Communications Inc. COM 25470f302 6820 180904 SH Sole 180904
DJ-UBS Commodity Index Total R COM 06738C778 11951 282932 SH Sole 282932
DJ-UBS Livestock Subindex Tota COM 06739H743 293 9848 SH Sole 9848
Douglas Dynamics Inc. COM 25960R105 754 51581 SH Defined 01 51581
Dow Jones Select Dividend Inde COM 464287168 324 6025 SH Sole 6025
Dow Jones U.S. Utilities Secto COM 464287697 4397 49788 SH Sole 49788
E.I. DuPont de Nemours & Co. COM 263534109 7952 173703 SH Sole 173703
Eaton Vance Corp. COM 278265103 1296 54835 SH Sole 54835
Emerson Electric Co. COM 291011104 13936 299123 SH Sole 299123
Energy Select Sector SPDR COM 81369Y506 8996 130138 SH Sole 130138
Enerplus Resources Fund (Unit COM 292766102 533 21052 SH Sole 21052
European Goldfield LTD COM 298774100 691 59780 SH Sole 59780
Exxon Mobil Corp. COM 30231G102 10208 120431 SH Sole 120431
Fidelity National Financial In COM 31620R105 9399 590042 SH Defined 01 590042
Fifth Street Finance Corp. COM 31678A103 2542 265571 SH Defined 01 265571
Financials Select Sector SPDR COM 81369Y605 5265 404980 SH Sole 404980
First Majestic Silver Corp. COM 32076V103 581 34525 SH Sole 34525
Forward Air Corp. COM 349853101 980 30587 SH Defined 01 30587
Franco Nevada Corp. COM 351858105 685 17987 SH Sole 17987
Franklin Street Properties Cor COM 35471R106 6851 688506 SH Defined 01 688506
Freeport Mcmoran Copper (Class COM 35671D857 706 19187 SH Sole 19187
Full Circle Capital Corp. COM 359671104 887 126912 SH Defined 01 126912
Generac Holdings, Inc. COM 368736104 1267 45186 SH Defined 01 45186
General Dynamics Corp. COM 369550108 1489 22415 SH Sole 22415
General Mills Inc. COM 370334104 1686 41714 SH Defined 01 41714
Gladstone Capital Corporation COM 376535100 3456 452942 SH Defined 01 452942
Gladstone Commercial Corp. COM 376536108 1394 79440 SH Defined 01 79440
Gladstone Investment Corp. COM 376546107 1540 211826 SH Sole 211826
GlaxoSmithKline Plc (Adr 1:2) COM 37733W105 10849 237762 SH Sole 237762
Gold Trust - iShares COM 464285105 6198 406974 SH Sole 406974
Gold Trust - SPDR COM 78463V107 936 6161 SH Sole 6161
Goldcorp COM 380956409 796 17996 SH Sole 17996
Golub Capital BDC, Inc. COM 38173M102 6571 423909 SH Defined 01 423909
Google Inc. COM 38259P508 8728 13513 SH Sole 13513
Graco Inc COM 384109104 10521 257292 SH Defined 01 257292
Haemonetics Corp. COM 405024100 826 13489 SH Defined 01 13489
Halliburton Company COM 406216101 3510 101705 SH Sole 101705
Hatteras Financial Corp. COM 41902R103 4121 156282 SH Defined 01 156282
Health Care Select Sector SPDR COM 81369Y209 8999 259409 SH Sole 259409
Heartland Express COM 422347104 707 49500 SH Defined 01 49500
Hercules Technology Growth Cap COM 427096508 4634 490887 SH Defined 01 490887
Hibbett Sports Inc. COM 428567101 655 14496 SH Defined 01 14496
HNI Corp. COM 404251100 10007 383417 SH Defined 01 383417
Home Depot Inc. COM 437076102 9460 225029 SH Sole 225029
Horizon Technology COM 44045A102 2885 177182 SH Defined 01 177182
IBM COM 459200101 1799 9782 SH Sole 9782
iBoxx $ High Yield Corporate B COM 464288513 20840 233030 SH Sole 233030
iBoxx $ Investment Grade Corpo COM 464287242 11597 101940 SH Sole 101940
Illinois Tool Works Inc COM 452308109 7737 165645 SH Sole 165645
Imperial Oil Ltd. (US Listing) COM 453038408 589 13245 SH Sole 13245
Industrials Select Sector SPDR COM 81369Y704 4237 125555 SH Sole 125555
Inmet Mining Corp. COM 457983104 588 9149 SH Sole 9149
Intermediate-Term Corporate Bo COM 92206C870 3571 43356 SH Sole 43356
iPath Dow Jones - UBS Grains S COM 06739H305 2786 61869 SH Sole 61869
John Wiley & Sons (Class A) COM 968223206 1094 24634 SH Defined 01 24634
Johnson & Johnson COM 478160104 16628 253547 SH Sole 253547
Kohlberg Capital Corp. COM 500233101 1656 262472 SH Defined 01 262472
Landauer COM 51476K103 7150 138836 SH Sole 138836
Landstar System Inc COM 515098101 2645 55195 SH Defined 01 55195
Leucadia National Corp. COM 527288104 3478 152935 SH Sole 152935
Linear Technology Corp. COM 535678106 9167 305273 SH Sole 305273
Lockheed Martin Corp. COM 539830109 8827 109108 SH Sole 109108
Lowes Companies COM 548661107 8263 325570 SH Sole 325570
M&T Bank Corp. COM 55261F104 1453 19036 SH Sole 19036
Main Street Capital Corp. COM 56035L104 700 32959 SH Defined 01 32959
Manatuck Hill Mariner Offshore COM 562996983 593 3764 SH Sole 3764
Marathon Oil Corp. COM 565849106 1565 53463 SH Sole 53463
Markel Corp. COM 570535104 8795 21210 SH Sole 21210
Martin Marietta Materials COM 573284106 7448 98768 SH Sole 98768
Mastercard Inc. COM 57636Q104 6665 17878 SH Sole 17878
Materials Select Sector SPDR COM 81369Y100 1640 48944 SH Sole 48944
McDonald's Corp. COM 580135101 1936 19297 SH Sole 19297
MCG Capital Corp. COM 58047P107 1470 368387 SH Defined 01 368387
McGraw-Hill Cos. COM 580645109 11043 245557 SH Sole 245557
McMoRan Exploration Co. COM 582411104 560 38461 SH Sole 38461
MDU Resources Group COM 552690109 1552 72340 SH Sole 72340
Medallion Financial Corp COM 583928106 2849 250353 SH Defined 01 250353
Medical Action Industries COM 58449L100 309 59075 SH Defined 01 59075
Medley Capital Corp. COM 58503F106 3589 345135 SH Defined 01 345135
Mesabi Trust COM 590672101 461 18356 SH Sole 18356
Microsoft Corp. COM 594918104 16205 624228 SH Sole 624228
Mohawk Industries COM 608190104 339 5671 SH Sole 5671
Morningstar, Inc. COM 617700109 804 13517 SH Defined 01 13517
Mueller Industries, Inc. COM 624756102 750 19520 SH Defined 01 19520
Multi-Asset Income ETF - Gugge COM 18383M506 311 15211 SH Sole 15211
Murphy Oil Corp. COM 626717102 520 9337 SH Sole 9337
MVC Capital Inc COM 553829102 7808 673683 SH Defined 01 673683
New Jersey Resources COM 646025106 1733 35233 SH Sole 35233
New Mountain Finance Corp. COM 647551100 1288 96017 SH Defined 01 96017
Newmont Mining Corp COM 651639106 910 15159 SH Sole 15159
NextEra Energy Inc COM 65339F101 1698 27894 SH Sole 27894
NGP Capital Resources Company COM 62912R107 2454 341274 SH Defined 01 341274
Nordstrom Inc COM 655664100 1761 35417 SH Sole 35417
NorthStar Realty Finance Corp. COM 66704R100 160 33451 SH Defined 01 33451
Novartis AG (Adr) COM 66987V109 1543 26991 SH Sole 26991
NXP Semiconductors COM N6596X109 1270 82639 SH Sole 82639
Occidental Petroleum Corporati COM 674599105 1570 16760 SH Sole 16760
Owens & Minor Inc Holding COM 690732102 1367 49196 SH Sole 49196
P.F.Chang's China Bistro, Inc. COM 69333Y108 1724 55765 SH Defined 01 55765
Patterson Companies Inc COM 703395103 1098 37194 SH Sole 37194
Paychex COM 704326107 9771 324500 SH Sole 324500
Peabody Energy COM 704549104 364 11005 SH Sole 11005
PennantPark Floating Rate Capi COM 70806A106 1947 189047 SH Defined 01 189047
PennantPark Investment Corp. COM 708062104 9712 962519 SH Defined 01 962519
PepsiCo Inc. COM 713448108 16779 252888 SH Sole 252888
Pfizer Inc. COM 717081103 8946 413399 SH Sole 413399
Piedmont Natural Gas COM 720186105 1749 51474 SH Sole 51474
Plains Exploration & Productio COM 726505100 645 17573 SH Sole 17573
Plum Creek Timber Co COM 729251108 7909 216338 SH Sole 216338
Potash Corp. of Saskatchewan I COM 73755L107 671 16266 SH Sole 16266
Praxair COM 74005P104 1719 16082 SH Sole 16082
Procter & Gamble Co. COM 742718109 1615 24209 SH Sole 24209
Prospect Capital Corp COM 74348T102 113 12177 SH Defined 01 12177
Quest Diagnostics Inc COM 74834L100 304 5241 SH Sole 5241
Rayonier Inc COM 754907103 10702 239799 SH Defined 01 239799
REIT Index ETF- Vanguard COM 922908553 9590 165338 SH Sole 165338
Ritchie Bros. Auction COM 767744105 1042 47210 SH Defined 01 47210
RLI Corp. COM 749607107 2764 37933 SH Defined 01 37933
Ross Stores COM 778296103 461 9709 SH Sole 9709
Royal Gold COM 780287108 768 11394 SH Sole 11394
Russell 2000 Growth Index Fund COM 464287648 9550 113376 SH Sole 113376
Russell 2000 Value Index Fund COM 464287630 2485 37854 SH Sole 37854
Russell 3000 Value Index Fund COM 464287663 1035 12448 SH Sole 12448
S&P 500 Growth Index Fund - iS COM 464287309 736 10921 SH Sole 10921
S&P 500 Index Fund - iShares COM 464287200 277 2196 SH Sole 2196
S&P 500 Value Index Fund - iSh COM 464287408 498 8608 SH Sole 8608
Sanderson Farms, Inc. COM 800013104 891 17772 SH Defined 01 17772
Saratoga Investment Corporatio COM 80349A208 159 12837 SH Defined 01 12837
Scotts Miracle Gro Co COM 810186106 767 16422 SH Defined 01 16422
Sherwin Williams COM 824348106 7029 78736 SH Sole 78736
Short-Term Corporate Bond Fund COM 92206C409 1181 15163 SH Sole 15163
Short 20+ Year U.S. Treasury - COM 74347X849 266 8548 SH Sole 8548
Sigma Aldrich Corp COM 826552101 8471 135625 SH Defined 01 135625
Silver Standard Resources Inc. COM 82823L106 508 36785 SH Sole 36785
Silver Trust - iShares COM 46428Q109 1573 58401 SH Sole 58401
Silver Wheaton Corporation COM 828336107 735 25363 SH Sole 25363
Simpson Manufacturing COM 829073105 927 27528 SH Defined 01 27528
Smith & Nephew (Adr 1:5) COM 83175M205 286 5934 SH Sole 5934
Soc Quimica Y Minera Chile (Ad COM 833635105 596 11062 SH Sole 11062
Solar Capital, LTD. COM 83413U100 7901 357678 SH Defined 01 357678
Solar Senior Capital Ltd. COM 83416M105 607 38510 SH Defined 01 38510
Source Capital COM 836144105 2499 53185 SH Defined 01 53185
Southern Co. COM 842587107 11091 239602 SH Sole 239602
Southwestern Energy Co. COM 845467109 488 15277 SH Sole 15277
SPDR Barclays Capital High Yie COM 78464A417 22884 595150 SH Sole 595150
SPDR Barclays Capital Intermed COM 78464A375 2941 88553 SH Sole 88553
SPDR Barclays Capital Mortgage COM 78464A383 984 35929 SH Sole 35929
Sysco Corp. COM 871829107 1522 51885 SH Sole 51885
T Rowe Price Group Inc COM 74144T108 1669 29300 SH Sole 29300
Talisman Energy (US Listing) COM 87425E103 525 41150 SH Sole 41150
Target Corp. COM 87612E106 1537 30017 SH Sole 30017
Techne Corp. COM 878377100 777 11377 SH Defined 01 11377
Technology Select Sector SPDR COM 81369Y803 10882 427586 SH Sole 427586
The Progressive Corporation COM 743315103 7840 401847 SH Sole 401847
Thermo Fisher Scientific Inc. COM 883556102 5703 126826 SH Sole 126826
THL Credit COM 872438106 4627 378958 SH Defined 01 378958
TICC Capital Corp. COM 87244T109 1028 118844 SH Defined 01 118844
TJX Companies Inc COM 872540109 8259 127951 SH Sole 127951
Triangle Capital Corp COM 895848109 4542 237577 SH Defined 01 237577
Tyco International Ltd. COM H89128104 282 6046 SH Sole 6046
United Technologies Corp. COM 913017109 1473 20155 SH Sole 20155
VCA Antech, Inc. COM 918194101 1776 89911 SH Defined 01 89911
Vectren COM 92240G101 9038 298989 SH Sole 298989
Wal-Mart Stores Inc. COM 931142103 8626 144340 SH Sole 144340
Waters Corp. COM 941848103 7214 97422 SH Sole 97422
Wells Fargo Co CS COM 949746101 6134 222565 SH Sole 222565
West Pharmaceutical Services, COM 955306105 710 18719 SH Defined 01 18719
White Mountain Insurance COM G9618E107 1667 3676 SH Sole 3676
Willis Group Hldg COM G96666105 8472 218345 SH Sole 218345
WR Berkley Corp COM 084423102 8920 259366 SH Defined 01 259366
WW Grainger Inc COM 384802104 2179 11641 SH Sole 11641
Yamana Gold Inc (US Listing) COM 98462Y100 730 49665 SH Sole 49665
Zebra Technologies COM 989207105 1062 29690 SH Defined 01 29690