0001442055-12-000003.txt : 20120502
0001442055-12-000003.hdr.sgml : 20120502
20120502131719
ACCESSION NUMBER: 0001442055-12-000003
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20120331
FILED AS OF DATE: 20120502
DATE AS OF CHANGE: 20120502
EFFECTIVENESS DATE: 20120502
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: 12803929
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
cimformmar12.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, 2012
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 May 2, 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: 222
Form 13F Information Table Value Total: $1,014,577 (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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
10+ Year Credit Bond - iShares COM 464289511 299 5172 SH Sole 5172
3M Co. COM 88579Y101 10433 116948 SH Sole 116948
Affiliated Managers Group COM 008252108 1451 12981 SH Defined 01 12981
Air Products & Chemicals COM 009158106 1788 19477 SH Sole 19477
American Capital Ltd. COM 02503Y103 924 106509 SH Sole 106509
American Express COM 025816109 10832 187203 SH Sole 187203
Analog Devices COM 032654105 1925 47644 SH Sole 47644
Anglo American Plc ADR COM 03485P201 486 25851 SH Sole 25851
Annaly Capital Management Inc. COM 035710409 14698 929080 SH Defined 01 929080
Apollo Investment Corp. COM 03761U106 3526 491829 SH Defined 01 491829
Ares Capital Corp. COM 04010L103 26550 1623869 SH Defined 01 1623869
Automatic Data Processing Inc. COM 053015103 1878 34022 SH Sole 34022
Barclays 1-3 Year Credit Bond COM 464288646 4462 42463 SH Sole 42463
Barclays 1-3 Year Treasury Bon COM 464287457 323 3835 SH Sole 3835
Barclays 20+ Year Treasury Bon COM 464287432 5817 51841 SH Sole 51841
Barclays 7-10 Year Treasury Bo COM 464287440 2459 23811 SH Sole 23811
Barclays Capital Municipal Bon COM 78464A458 1513 63459 SH Sole 63459
Barclays Intermediate Credit B COM 464288638 3834 35221 SH Sole 35221
Barclays MBS Bond Fund - iShar COM 464288588 5812 53844 SH Sole 53844
Barclays Short Term Municipal COM 78464A425 1482 60818 SH Sole 60818
Barrick Gold Corp. COM 067901108 548 12597 SH Sole 12597
Beam Inc. COM 073730103 7216 123203 SH Sole 123203
Becton Dickinson COM 075887109 1676 21581 SH Sole 21581
Bed Bath & Beyond Inc COM 075896100 8606 130846 SH Sole 130846
Berkshire Hathaway (Class B) COM 084670702 7185 88544 SH Sole 88544
Berkshire Hathaway Inc. - Clas COM 084670108 975 8 SH Defined 01 8
Berry Petroleum Company COM 085789105 508 10770 SH Sole 10770
BHP Billiton Ltd. (Adr 1:2) COM 088606108 780 10769 SH Sole 10769
BlackRock Kelso Capital Corp. COM 092533108 9439 961191 SH Defined 01 961191
BP PLC (Adr 1:6) COM 055622104 698 15514 SH Sole 15514
Broadridge Financial Solutions COM 11133T103 8654 361954 SH Sole 361954
Brown And Brown Inc COM 115236101 3087 129832 SH Defined 01 129832
Brown Forman Corp. (Class B) COM 115637209 1989 23854 SH Sole 23854
Chevron Corp. COM 166764100 20112 187594 SH Sole 187594
Cliffs Natural Resources COM 18683K101 497 7179 SH Sole 7179
Clorox COM 189054109 1737 25258 SH Sole 25258
Colgate Palmolive Co COM 194162103 1953 19974 SH Sole 19974
Commerce Bancshares Inc COM 200525103 1930 47622 SH Sole 47622
Compass Diversified Holdings COM 20451Q104 3198 216200 SH Defined 01 216200
Concho Resources, Inc. COM 20605P101 506 4955 SH Sole 4955
ConocoPhillips COM 20825C104 2880 37883 SH Sole 37883
Consumer Discretionary Select COM 81369Y407 4297 95305 SH Sole 95305
Consumer Staples Select Sector COM 81369Y308 7863 230731 SH Sole 230731
Contango Oil & Gas Co COM 21075N204 593 10067 SH Sole 10067
Cubic Corporation COM 229669106 963 20367 SH Defined 01 20367
Cullen/Frost Bankers, Inc. COM 229899109 1798 30894 SH Sole 30894
CurrencyShares Canadian Dollar COM 23129X105 240 2406 SH Sole 2406
CYS Investments COM 12673A108 7525 574880 SH Defined 01 574880
DB Crude Oil Short - Powershar COM 25154K874 364 9295 SH Sole 9295
DB US Dollar Index - Powershar COM 73936D107 788 35962 SH Sole 35962
Diageo (Adr 1:4) COM 25243Q205 18703 193810 SH Sole 193810
Discovery Communications Inc. COM 25470f302 8463 180528 SH Sole 180528
DJ-UBS Commodity Index Total R COM 06738C778 6647 157062 SH Sole 157062
DJ-UBS Livestock Subindex Tota COM 06739H743 235 8358 SH Sole 8358
Douglas Dynamics Inc. COM 25960R105 858 62389 SH Defined 01 62389
Dow Jones Select Dividend Inde COM 464287168 285 5096 SH Sole 5096
Dow Jones U.S. Financial Secto COM 464287788 5320 90909 SH Sole 90909
Dow Jones U.S. Technology Sect COM 464287721 11503 147835 SH Sole 147835
Dow Jones U.S. Utilities Secto COM 464287697 3867 44881 SH Sole 44881
E.I. DuPont de Nemours & Co. COM 263534109 10868 205443 SH Sole 205443
Eaton Vance Corp. COM 278265103 1826 63880 SH Sole 63880
Eldorado Gold Corp COM 284902103 657 47806 SH Sole 47806
Emerson Electric Co. COM 291011104 17411 333663 SH Sole 333663
Energy Select Sector SPDR COM 81369Y506 7877 109787 SH Sole 109787
Energy XXI Limited (Bermuda) COM G10082140 559 15471 SH Sole 15471
Enerplus Resources Fund (Unit COM 292766102 466 20789 SH Sole 20789
Exxon Mobil Corp. COM 30231G102 10400 119910 SH Sole 119910
Fidelity National Financial In COM 31620R105 10702 593572 SH Sole 593572
Fifth Street Finance Corp. COM 31678A103 2455 251571 SH Defined 01 251571
First Majestic Silver Corp. COM 32076V103 539 32514 SH Sole 32514
Forward Air Corp. COM 349853101 1078 29384 SH Sole 29384
Franco Nevada Corp. COM 351858105 724 16849 SH Sole 16849
Franklin Street Properties Cor COM 35471R106 9394 886192 SH Defined 01 886192
Freeport Mcmoran Copper (Class COM 35671D857 701 18425 SH Sole 18425
Full Circle Capital Corp. COM 359671104 1229 160684 SH Defined 01 160684
Generac Holdings, Inc. COM 368736104 1230 50113 SH Defined 01 50113
General Dynamics Corp. COM 369550108 1777 24211 SH Sole 24211
General Mills Inc. COM 370334104 1772 44914 SH Sole 44914
Gladstone Capital Corporation COM 376535100 3755 462994 SH Defined 01 462994
Gladstone Commercial Corp. COM 376536108 1488 86451 SH Defined 01 86451
Gladstone Investment Corp. COM 376546107 1679 221826 SH Sole 221826
GlaxoSmithKline Plc (Adr 1:2) COM 37733W105 12404 276205 SH Sole 276205
Global X Uranium ETF COM 37950E754 116 12343 SH Sole 12343
Gold Miners ETF - Market Vecto COM 57060U100 224 4519 SH Sole 4519
Gold Trust - iShares COM 464285105 5366 329782 SH Sole 329782
Gold Trust - SPDR COM 78463V107 806 4973 SH Sole 4973
Goldcorp COM 380956409 781 17325 SH Sole 17325
Golub Capital BDC, Inc. COM 38173M102 8244 539909 SH Defined 01 539909
Google Inc. COM 38259P508 8380 13068 SH Sole 13068
Graco Inc COM 384109104 13817 260398 SH Defined 01 260398
Haemonetics Corp. COM 405024100 1056 15152 SH Defined 01 15152
Halliburton Company COM 406216101 5176 155963 SH Sole 155963
Hatteras Financial Corp. COM 41902R103 4918 176282 SH Defined 01 176282
Health Care Select Sector SPDR COM 81369Y209 8263 219715 SH Sole 219715
Heartland Express COM 422347104 835 57769 SH Defined 01 57769
Hercules Technology Growth Cap COM 427096508 6328 571097 SH Defined 01 571097
Hittite Microwave Corporation COM 43365Y104 946 17422 SH Defined 01 17422
HNI Corp. COM 404251100 11965 431187 SH Defined 01 431187
Home Depot Inc. COM 437076102 10992 218484 SH Sole 218484
Horizon Technology COM 44045A102 3859 232360 SH Defined 01 232360
IBM COM 459200101 2143 10269 SH Sole 10269
iBoxx $ High Yield Corporate B COM 464288513 24613 271316 SH Sole 271316
iBoxx $ Investment Grade Corpo COM 464287242 15044 130108 SH Sole 130108
Illinois Tool Works Inc COM 452308109 9702 169850 SH Sole 169850
Imperial Oil Ltd. (US Listing) COM 453038408 572 12606 SH Sole 12606
Industrials Select Sector SPDR COM 81369Y704 4030 107717 SH Sole 107717
Inmet Mining Corp. COM 457983104 483 8711 SH Sole 8711
Intermediate-Term Corporate Bo COM 92206C870 4472 53398 SH Sole 53398
iPath Dow Jones - UBS Grains S COM 06739H305 2351 49583 SH Sole 49583
Japanese Yen - CurrencyShares COM 23130a102 238 2004 SH Sole 2004
John Wiley & Sons (Class A) COM 968223206 1289 27090 SH Defined 01 27090
Johnson & Johnson COM 478160104 18565 281451 SH Sole 281451
Kohlberg Capital Corp. COM 500233101 1894 274026 SH Sole 274026
Landauer COM 51476K103 9038 170458 SH Sole 170458
Landstar System Inc COM 515098101 3007 52101 SH Defined 01 52101
Leucadia National Corp. COM 527288104 6222 238406 SH Sole 238406
Linear Technology Corp. COM 535678106 12088 358702 SH Sole 358702
Lockheed Martin Corp. COM 539830109 11151 124089 SH Sole 124089
Lowes Companies COM 548661107 9808 312564 SH Sole 312564
M&T Bank Corp. COM 55261F104 1816 20899 SH Sole 20899
Main Street Capital Corp. COM 56035L104 812 32959 SH Defined 01 32959
Manatuck Hill Mariner Offshore COM 562996983 573 3764 SH Sole 3764
Marathon Oil Corp. COM 565849106 1812 57155 SH Sole 57155
Markel Corp. COM 570535104 10929 24343 SH Defined 01 24343
Martin Marietta Materials COM 573284106 10108 118045 SH Sole 118045
Mastercard Inc. COM 57636Q104 7464 17749 SH Sole 17749
Materials Select Sector SPDR COM 81369Y100 1785 48288 SH Sole 48288
McDonald's Corp. COM 580135101 2000 20388 SH Sole 20388
MCG Capital Corp. COM 58047P107 2059 483397 SH Defined 01 483397
McGraw-Hill Cos. COM 580645109 12843 264967 SH Sole 264967
MDU Resources Group COM 552690109 1780 79519 SH Sole 79519
Medallion Financial Corp COM 583928106 2996 268419 SH Defined 01 268419
Medley Capital Corp. COM 58503F106 6556 581686 SH Defined 01 581686
Mesabi Trust COM 590672101 535 17467 SH Sole 17467
Microsoft Corp. COM 594918104 21869 678005 SH Sole 678005
Mohawk Industries COM 608190104 368 5530 SH Sole 5530
Morningstar, Inc. COM 617700109 1000 15860 SH Defined 01 15860
Mueller Industries, Inc. COM 624756102 858 18879 SH Defined 01 18879
Murphy Oil Corp. COM 626717102 505 8969 SH Sole 8969
MVC Capital Inc COM 553829102 7715 587598 SH Defined 01 587598
New Jersey Resources COM 646025106 1694 38008 SH Sole 38008
New Mountain Finance Corp. COM 647551100 2130 155024 SH Defined 01 155024
Newmont Mining Corp COM 651639106 747 14560 SH Sole 14560
NextEra Energy Inc COM 65339F101 1843 30179 SH Sole 30179
NGP Capital Ressources Company COM 62912R107 2292 349894 SH Defined 01 349894
Nike Inc COM 654106103 1832 16897 SH Sole 16897
Nordstrom Inc COM 655664100 2083 37381 SH Sole 37381
NorthStar Realty Finance Corp. COM 66704R100 127 23451 SH Sole 23451
Novartis AG (Adr) COM 66987V109 1638 29555 SH Sole 29555
NXP Semiconductors COM N6596X109 2064 77572 SH Sole 77572
Occidental Petroleum Corporati COM 674599105 1712 17979 SH Sole 17979
Owens & Minor Inc Holding COM 690732102 1712 56309 SH Sole 56309
P.F.Chang's China Bistro, Inc. COM 69333Y108 2153 54470 SH Defined 01 54470
Patterson Companies Inc COM 703395103 1358 40645 SH Defined 01 40645
Paychex COM 704326107 11760 379482 SH Sole 379482
Peabody Energy COM 704549104 316 10897 SH Sole 10897
PennantPark Floating Rate Capi COM 70806A106 2221 189050 SH Defined 01 189050
PennantPark Investment Corp. COM 708062104 10404 1000362 SH Defined 01 1000362
PepsiCo Inc. COM 713448108 17926 270175 SH Sole 270175
Pfizer Inc. COM 717081103 11026 486912 SH Sole 486912
Piedmont Natural Gas COM 720186105 1720 55357 SH Sole 55357
Plains Exploration & Productio COM 726505100 703 16473 SH Sole 16473
Plum Creek Timber Co COM 729251108 9727 234057 SH Sole 234057
Potash Corp. of Saskatchewan I COM 73755L107 723 15817 SH Sole 15817
Praxair COM 74005P104 2005 17492 SH Sole 17492
Procter & Gamble Co. COM 742718109 1774 26400 SH Sole 26400
Prospect Capital Corp COM 74348T102 228 20739 SH Sole 20739
Quest Diagnostics Inc COM 74834L100 318 5197 SH Sole 5197
Rayonier Inc COM 754907103 12373 280620 SH Defined 01 280620
REIT Index ETF- Vanguard COM 922908553 18203 285992 SH Sole 285992
Ritchie Bros. Auction COM 767744105 1139 47925 SH Defined 01 47925
RLI Corp. COM 749607107 2802 39111 SH Defined 01 39111
Ross Stores COM 778296103 532 9159 SH Sole 9159
Royal Gold COM 780287108 692 10616 SH Sole 10616
Russell 2000 Growth Index Fund COM 464287648 2919 30600 SH Sole 30600
Russell 2000 Value Index Fund COM 464287630 2870 39326 SH Sole 39326
S&P 500 Growth Index Fund - iS COM 464287309 594 7879 SH Sole 7879
S&P 500 Value Index Fund - iSh COM 464287408 591 9098 SH Sole 9098
S&P 500 VIX Short-Term Futures COM 06740C261 317 18862 SH Sole 18862
Sanderson Farms, Inc. COM 800013104 895 16886 SH Defined 01 16886
Saratoga Investment Corporatio COM 80349A208 218 12837 SH Sole 12837
Scotts Miracle Gro Co COM 810186106 877 16188 SH Defined 01 16188
Sherwin Williams COM 824348106 8305 76425 SH Sole 76425
Short-Term Corporate Bond Fund COM 92206C409 1472 18620 SH Sole 18620
Sigma Aldrich Corp COM 826552101 9917 135743 SH Sole 135743
Silver Standard Resources Inc. COM 82823L106 528 35106 SH Sole 35106
Silver Trust - iShares COM 46428Q109 1516 48296 SH Sole 48296
Silver Wheaton Corporation COM 828336107 814 24516 SH Sole 24516
Simpson Manufacturing COM 829073105 853 26448 SH Defined 01 26448
Soc Quimica Y Minera Chile (Ad COM 833635105 616 10496 SH Sole 10496
Solar Capital, LTD. COM 83413U100 5231 237007 SH Defined 01 237007
Solar Senior Capital Ltd. COM 83416M105 747 46364 SH Defined 01 46364
Source Capital COM 836144105 2560 48348 SH Sole 48348
Southern Co. COM 842587107 10718 238545 SH Sole 238545
SPDR Barclays Capital High Yie COM 78464A417 26936 684182 SH Defined 01 684182
SPDR Barclays Capital Intermed COM 78464A375 3708 109417 SH Sole 109417
SPDR Barclays Capital Mortgage COM 78464A383 961 34918 SH Sole 34918
Stryker Corp. COM 863667101 325 5855 SH Sole 5855
Sysco Corp. COM 871829107 1716 57453 SH Sole 57453
T Rowe Price Group Inc COM 74144T108 2029 31075 SH Sole 31075
Talisman Energy (US Listing) COM 87425E103 501 39793 SH Sole 39793
Techne Corp. COM 878377100 924 13180 SH Defined 01 13180
The Progressive Corporation COM 743315103 9174 395777 SH Sole 395777
Thermo Fisher Scientific Inc. COM 883556102 8620 152887 SH Sole 152887
THL Credit COM 872438106 5750 447124 SH Defined 01 447124
TICC Capital Corp. COM 87244T109 1242 127498 SH Defined 01 127498
TJX Companies Inc COM 872540109 9479 238696 SH Sole 238696
Triangle Capital Corp COM 895848109 5172 261887 SH Defined 01 261887
Tyco International Ltd. COM H89128104 208 3708 SH Sole 3708
United Technologies Corp. COM 913017109 1818 21919 SH Sole 21919
VCA Antech, Inc. COM 918194101 2177 93806 SH Defined 01 93806
Vectren COM 92240G101 10236 352225 SH Sole 352225
Wal-Mart Stores Inc. COM 931142103 8837 144400 SH Sole 144400
Waters Corp. COM 941848103 9055 97718 SH Sole 97718
Wells Fargo Co CS COM 949746101 7706 225703 SH Sole 225703
West Pharmaceutical Services, COM 955306105 914 21484 SH Sole 21484
White Mountain Insurance COM G9618E107 370 737 SH Defined 01 737
Willis Group Hldg COM G96666105 9383 268230 SH Sole 268230
WR Berkley Corp COM 084423102 9187 254350 SH Sole 254350
WW Grainger Inc COM 384802104 2430 11313 SH Sole 11313
Yamana Gold Inc (US Listing) COM 98462Y100 720 46088 SH Sole 46088
Zebra Technologies COM 989207105 1335 32426 SH Defined 01 32426