0001442055-12-000005.txt : 20120809 0001442055-12-000005.hdr.sgml : 20120809 20120809141956 ACCESSION NUMBER: 0001442055-12-000005 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120630 FILED AS OF DATE: 20120809 DATE AS OF CHANGE: 20120809 EFFECTIVENESS DATE: 20120809 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: 121019821 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 cimformjune12.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: June 30, 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 August 9, 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: 230 Form 13F Information Table Value Total: $1,039,484 (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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3M Co. COM 88579Y101 12884 143795 SH Sole 143795 Affiliated Managers Group COM 008252108 1532 13995 SH Defined 01 13995 Air Products & Chemicals COM 009158106 1719 21297 SH Sole 21297 Allied Nevada Gold Corp. COM 019344100 429 15108 SH Sole 15108 American Capital Ltd. COM 02503Y103 1122 111509 SH Defined 01 111509 American Express COM 025816109 10880 186903 SH Sole 186903 Analog Devices COM 032654105 1934 51344 SH Sole 51344 Anglo American Plc ADR COM 03485P201 402 24326 SH Sole 24326 Annaly Capital Management Inc. COM 035710409 16179 964190 SH Defined 01 964190 Apollo Investment Corp. COM 03761U106 3818 497829 SH Defined 01 497829 Ares Capital Corp. COM 04010L103 26384 1653106 SH Defined 01 1653106 Ares Commercial Real Estate COM 04013V108 175 10000 SH Sole 10000 Australian Dollar Trust - Curr COM 23129U101 226 2200 SH Sole 2200 Automatic Data Processing Inc. COM 053015103 2025 36373 SH Sole 36373 Barclays 1-3 Year Credit Bond COM 464288646 4455 42546 SH Sole 42546 Barclays 20+ Year Treasury Bon COM 464287432 690 5512 SH Sole 5512 Barclays 7-10 Year Treasury Bo COM 464287440 1511 13998 SH Sole 13998 Barclays Capital Municipal Bon COM 78464A458 1453 60213 SH Sole 60213 Barclays Intermediate Credit B COM 464288638 6307 57689 SH Sole 57689 Barclays MBS Bond Fund - iShar COM 464288588 7033 64855 SH Sole 64855 Barclays Short Term Municipal COM 78464A425 1437 58835 SH Sole 58835 Barrick Gold Corp. COM 067901108 422 11232 SH Sole 11232 Beam Inc. COM 073730103 7437 119019 SH Sole 119019 Becton Dickinson COM 075887109 1752 23441 SH Sole 23441 Bed Bath & Beyond Inc COM 075896100 8164 132108 SH Sole 132108 Berkshire Hathaway (Class B) COM 084670702 7453 89444 SH Sole 89444 Berkshire Hathaway Inc. - Clas COM 084670108 1000 8 SH Defined 01 8 Berry Petroleum Company COM 085789105 400 10080 SH Sole 10080 BHP Billiton Ltd. (Adr 1:2) COM 088606108 652 9980 SH Sole 9980 BlackRock Kelso Capital Corp. COM 092533108 6397 655458 SH Defined 01 655458 BP PLC (Adr 1:6) COM 055622104 460 11343 SH Sole 11343 Broadridge Financial Solutions COM 11133T103 9912 466027 SH Sole 466027 Brown And Brown Inc COM 115236101 3702 135755 SH Defined 01 135755 Brown Forman Corp. (Class B) COM 115637209 2423 25014 SH Sole 25014 Cameco Corp (US Listing) COM 13321L108 746 33995 SH Sole 33995 Canadian Dollar Trust - Curren COM 23129X105 331 3384 SH Sole 3384 Chevron Corp. COM 166764100 20563 194911 SH Sole 194911 Cliffs Natural Resources COM 18683K101 337 6829 SH Sole 6829 Clorox COM 189054109 1965 27119 SH Sole 27119 Colgate Palmolive Co COM 194162103 2196 21092 SH Sole 21092 Commerce Bancshares Inc COM 200525103 1936 51081 SH Sole 51081 Compass Diversified Holdings COM 20451Q104 3018 216200 SH Defined 01 216200 ConocoPhillips COM 20825C104 2405 43038 SH Sole 43038 Consumer Discretionary Select COM 81369Y407 5204 118867 SH Sole 118867 Consumer Staples Select Sector COM 81369Y308 3115 89597 SH Sole 89597 Contango Oil & Gas Co COM 21075N204 557 9408 SH Sole 9408 Cubic Corporation COM 229669106 1029 21404 SH Defined 01 21404 Cullen/Frost Bankers, Inc. COM 229899109 1908 33183 SH Sole 33183 CYS Investments COM 12673A108 7918 575040 SH Defined 01 575040 DB US Dollar Index - Powershar COM 73936D107 216 9635 SH Sole 9635 Deltic Timber Corp COM 247850100 229 3761 SH Sole 3761 Diageo (Adr 1:4) COM 25243Q205 19387 188100 SH Sole 188100 Discovery Communications Inc. COM 25470f302 9135 182369 SH Sole 182369 DJ-UBS Commodity Index Total R COM 06738C778 6792 169050 SH Sole 169050 DJ-UBS Livestock Subindex Tota COM 06739H743 218 7554 SH Sole 7554 Douglas Dynamics Inc. COM 25960R105 940 65948 SH Defined 01 65948 Dow Jones Select Dividend Inde COM 464287168 258 4589 SH Sole 4589 Dow Jones U.S. Financial Secto COM 464287788 8172 147825 SH Sole 147825 Dow Jones U.S. Technology Sect COM 464287721 7095 99609 SH Sole 99609 Dow Jones U.S. Utilities Secto COM 464287697 1921 21330 SH Sole 21330 E.I. DuPont de Nemours & Co. COM 263534109 10912 215783 SH Sole 215783 Eaton Vance Corp. COM 278265103 1872 69460 SH Sole 69460 Eldorado Gold Corp COM 284902103 476 38629 SH Sole 38629 Emerson Electric Co. COM 291011104 16139 346486 SH Sole 346486 Energy Select Sector SPDR COM 81369Y506 6966 104951 SH Sole 104951 Energy XXI Limited (Bermuda) COM G10082140 452 14446 SH Sole 14446 Enpro Industries Inc COM 29355X107 1555 41611 SH Defined 01 41611 Exxon Mobil Corp. COM 30231G102 10455 122183 SH Sole 122183 Fidelity National Financial In COM 31620R105 10485 544379 SH Sole 544379 Fidus Investment Corp. COM 316500107 202 13342 SH Sole 13342 Fifth Street Finance Corp. COM 31678A103 2002 200571 SH Defined 01 200571 First Majestic Silver Corp. COM 32076V103 442 30621 SH Sole 30621 Forward Air Corp. COM 349853101 317 9837 SH Sole 9837 Franco Nevada Corp. COM 351858105 655 14495 SH Sole 14495 Franklin Electric Co., Inc COM 353514102 1004 19637 SH Defined 01 19637 Franklin Street Properties Cor COM 35471R106 10134 957802 SH Defined 01 957802 Full Circle Capital Corp. COM 359671104 1229 160684 SH Defined 01 160684 Generac Holdings, Inc. COM 368736104 943 52230 SH Defined 01 52230 General Dynamics Corp. COM 369550108 1740 26386 SH Sole 26386 General Mills Inc. COM 370334104 1865 48392 SH Sole 48392 Gladstone Capital Corporation COM 376535100 3653 462994 SH Defined 01 462994 Gladstone Commercial Corp. COM 376536108 1491 89494 SH Defined 01 89494 Gladstone Investment Corp. COM 376546107 1639 221826 SH Defined 01 221826 GlaxoSmithKline Plc (Adr 1:2) COM 37733W105 13227 290256 SH Sole 290256 Global X Uranium ETF COM 37950E754 83 11163 SH Sole 11163 Gold Miners ETF - Market Vecto COM 57060U100 212 4730 SH Sole 4730 Gold Trust - iShares COM 464285105 7266 466983 SH Sole 466983 Gold Trust - SPDR COM 78463V107 720 4642 SH Sole 4642 Goldcorp COM 380956409 615 16354 SH Sole 16354 Golub Capital BDC, Inc. COM 38173M102 8375 554989 SH Defined 01 554989 Google Inc. COM 38259P508 7680 13240 SH Sole 13240 Graco Inc COM 384109104 14692 318831 SH Defined 01 318831 Guggenheim Bulletshares 2017 C COM 18383M548 2037 91949 SH Sole 91949 Haemonetics Corp. COM 405024100 1165 15715 SH Defined 01 15715 Halliburton Company COM 406216101 4570 160961 SH Sole 160961 Hatteras Financial Corp. COM 41902R103 4470 156282 SH Defined 01 156282 Health Care Select Sector SPDR COM 81369Y209 7432 195559 SH Sole 195559 Heartland Express COM 422347104 877 61298 SH Defined 01 61298 Hercules Technology Growth Cap COM 427096508 6476 571101 SH Defined 01 571101 Hittite Microwave Corporation COM 43365Y104 938 18358 SH Defined 01 18358 HNI Corp. COM 404251100 12386 481023 SH Defined 01 481023 Home Depot Inc. COM 437076102 11127 209976 SH Sole 209976 Horizon Technology COM 44045A102 3957 239960 SH Defined 01 239960 IBM COM 459200101 2125 10863 SH Sole 10863 iBoxx $ High Yield Corporate B COM 464288513 22642 248019 SH Sole 248019 iBoxx $ Investment Grade Corpo COM 464287242 13652 116099 SH Sole 116099 Illinois Tool Works Inc COM 452308109 9164 173267 SH Sole 173267 Imperial Oil Ltd. (US Listing) COM 453038408 493 11814 SH Sole 11814 Industrials Select Sector SPDR COM 81369Y704 5081 142442 SH Sole 142442 Inmet Mining Corp. COM 457983104 337 8264 SH Sole 8264 Intermediate-Term Corporate Bo COM 92206C870 5198 61005 SH Sole 61005 iShares Utilities Sector Bond COM 46429B184 2091 40730 SH Sole 40730 Japanese Yen - CurrencyShares COM 23130a102 222 1806 SH Sole 1806 John Wiley & Sons (Class A) COM 968223206 1401 28605 SH Defined 01 28605 Johnson & Johnson COM 478160104 19805 293151 SH Sole 293151 KCAP Financial Inc COM 48668E101 1989 274026 SH Defined 01 274026 Landauer COM 51476K103 10389 181211 SH Sole 181211 Landstar System Inc COM 515098101 2883 55742 SH Defined 01 55742 Leucadia National Corp. COM 527288104 5206 244763 SH Sole 244763 Linear Technology Corp. COM 535678106 11986 382582 SH Sole 382582 Lockheed Martin Corp. COM 539830109 11490 131944 SH Sole 131944 Lowes Companies COM 548661107 9095 319809 SH Sole 319809 M&T Bank Corp. COM 55261F104 1859 22509 SH Sole 22509 Main Street Capital Corp. COM 56035L104 1282 52959 SH Defined 01 52959 Manatuck Hill Mariner Offshore COM 562996983 559 3581 SH Sole 3581 Marathon Oil Corp. COM 565849106 1614 63117 SH Sole 63117 Markel Corp. COM 570535104 10803 24457 SH Sole 24457 Martin Marietta Materials COM 573284106 9889 125469 SH Sole 125469 Mastercard Inc. COM 57636Q104 7909 18389 SH Sole 18389 Materials Select Sector SPDR COM 81369Y100 1741 49333 SH Sole 49333 McDonald's Corp. COM 580135101 1937 21881 SH Sole 21881 MCG Capital Corp. COM 58047P107 2563 559707 SH Defined 01 559707 McGraw-Hill Cos. COM 580645109 13005 288992 SH Sole 288992 MDU Resources Group COM 552690109 1849 85548 SH Sole 85548 Medallion Financial Corp COM 583928106 3111 292919 SH Defined 01 292919 Medley Capital Corp. COM 58503F106 7235 600890 SH Defined 01 600890 Microsoft Corp. COM 594918104 20810 680297 SH Sole 680297 Mohawk Industries COM 608190104 386 5529 SH Sole 5529 Morningstar, Inc. COM 617700109 996 17219 SH Defined 01 17219 MSCI Brazil - iShares COM 464286400 1438 27822 SH Sole 27822 MSCI Emerging Markets - Vangua COM 922042858 3638 91105 SH Sole 91105 MSCI Japan Index Fund - iShare COM 464286848 228 24215 SH Sole 24215 Mueller Industries, Inc. COM 624756102 766 17989 SH Defined 01 17989 Murphy Oil Corp. COM 626717102 426 8477 SH Sole 8477 MVC Capital Inc COM 553829102 7613 587905 SH Defined 01 587905 New Gold Inc COM 644535106 476 50076 SH Sole 50076 New Jersey Resources COM 646025106 1803 41341 SH Sole 41341 New Mountain Finance Corp. COM 647551100 2163 152430 SH Sole 152430 Newmont Mining Corp COM 651639106 675 13907 SH Sole 13907 NextEra Energy Inc COM 65339F101 2206 32059 SH Sole 32059 NGP Capital Ressources Company COM 62912R107 2491 351894 SH Defined 01 351894 Nike Inc COM 654106103 1601 18240 SH Sole 18240 Nordstrom Inc COM 655664100 1975 39739 SH Sole 39739 Novartis AG (Adr) COM 66987V109 1810 32381 SH Sole 32381 NXP Semiconductors COM N6596X109 1794 77216 SH Sole 77216 Occidental Petroleum Corporati COM 674599105 1702 19843 SH Sole 19843 Patterson Companies Inc COM 703395103 1426 41376 SH Defined 01 41376 Paychex COM 704326107 12336 392753 SH Sole 392753 Peabody Energy COM 704549104 260 10603 SH Sole 10603 PennantPark Floating Rate Capi COM 70806A106 2274 191053 SH Defined 01 191053 PennantPark Investment Corp. COM 708062104 10731 1036847 SH Defined 01 1036847 PepsiCo Inc. COM 713448108 18921 267782 SH Sole 267782 Pfizer Inc. COM 717081103 11457 498151 SH Sole 498151 Piedmont Natural Gas COM 720186105 1931 59972 SH Sole 59972 Pioneer Natural Resources Co. COM 723787107 361 4091 SH Sole 4091 Plains Exploration & Productio COM 726505100 540 15348 SH Sole 15348 Plum Creek Timber Co COM 729251108 11655 293575 SH Sole 293575 Potash Corp. of Saskatchewan I COM 73755L107 651 14892 SH Sole 14892 POTLATCH CORP COM 737630103 477 14940 SH Sole 14940 Powershares S&P Small Cap Fina COM 73937B803 2109 70989 SH Sole 70989 Powershares S&P SmallCap Energ COM 73937B704 1429 45057 SH Sole 45057 Praxair COM 74005P104 12575 115652 SH Sole 115652 Procter & Gamble Co. COM 742718109 1762 28762 SH Sole 28762 Prospect Capital Corp COM 74348T102 236 20738 SH Sole 20738 Rayonier Inc COM 754907103 13012 289792 SH Defined 01 289792 REIT Index ETF- Vanguard COM 922908553 23458 358521 SH Sole 358521 Ritchie Bros. Auction COM 767744105 1172 55136 SH Defined 01 55136 RLI Corp. COM 749607107 3001 43998 SH Defined 01 43998 Royal Gold COM 780287108 673 8589 SH Sole 8589 Rubicon Minerals Corp COM 780911103 464 152643 SH Sole 152643 Russell 2000 Growth Index Fund COM 464287648 3851 42104 SH Sole 42104 Russell 2000 Value Index Fund COM 464287630 3871 54996 SH Sole 54996 S&P 500 Growth Index Fund - iS COM 464287309 446 6065 SH Sole 6065 S&P 500 Index Fund - SPDR COM 78462F103 279 2053 SH Sole 2053 S&P 500 Value Index Fund - iSh COM 464287408 456 7317 SH Sole 7317 S&P GSCI Crude Oil Total Retur COM 06738C786 526 25397 SH Sole 25397 S&P SmallCap Health Care Portf COM 73937B886 1909 53364 SH Sole 53364 Sanderson Farms, Inc. COM 800013104 989 21584 SH Defined 01 21584 Saratoga Investment Corporatio COM 80349A208 218 12837 SH Sole 12837 Scotts Miracle Gro Co COM 810186106 829 20156 SH Defined 01 20156 Sherwin Williams COM 824348106 1752 13235 SH Sole 13235 Short-Term Corporate Bond Fund COM 92206C409 1680 21222 SH Sole 21222 Sigma Aldrich Corp COM 826552101 10436 141158 SH Sole 141158 Silver Standard Resources Inc. COM 82823L106 375 33342 SH Sole 33342 Silver Trust - iShares COM 46428Q109 850 31906 SH Sole 31906 Silver Wheaton Corporation COM 828336107 446 16607 SH Sole 16607 Simpson Manufacturing COM 829073105 998 33825 SH Defined 01 33825 Soc Quimica Y Minera Chile (Ad COM 833635105 544 9773 SH Sole 9773 Solar Capital, LTD. COM 83413U100 6242 280412 SH Defined 01 280412 Solar Senior Capital Ltd. COM 83416M105 828 48984 SH Defined 01 48984 Source Capital COM 836144105 2059 41797 SH Sole 41797 Southern Co. COM 842587107 10825 233801 SH Sole 233801 SPDR Barclays Capital High Yie COM 78464A417 25136 637011 SH Defined 01 637011 SPDR Barclays Capital Intermed COM 78464A375 2339 68536 SH Sole 68536 Stryker Corp. COM 863667101 2351 42672 SH Sole 42672 Sysco Corp. COM 871829107 1857 62299 SH Sole 62299 T Rowe Price Group Inc COM 74144T108 2083 33083 SH Sole 33083 TCP Capital Corp COM 87238Q103 3413 236035 SH Sole 236035 Techne Corp. COM 878377100 1025 13812 SH Defined 01 13812 The Progressive Corporation COM 743315103 10487 503443 SH Sole 503443 Thermo Fisher Scientific Inc. COM 883556102 8038 154836 SH Sole 154836 THL Credit COM 872438106 7016 520824 SH Defined 01 520824 TICC Capital Corp. COM 87244T109 1265 130498 SH Defined 01 130498 TJX Companies Inc COM 872540109 6828 159061 SH Sole 159061 Triangle Capital Corp COM 895848109 5966 261887 SH Defined 01 261887 United Technologies Corp. COM 913017109 1810 23959 SH Sole 23959 Varian Medical Systems Inc. COM 92220P105 335 5519 SH Sole 5519 VCA Antech, Inc. COM 918194101 2096 95377 SH Defined 01 95377 Vectren COM 92240G101 10926 370130 SH Sole 370130 Wal-Mart Stores Inc. COM 931142103 10181 146032 SH Sole 146032 Waters Corp. COM 941848103 8100 101930 SH Sole 101930 Wells Fargo Co CS COM 949746101 7606 227462 SH Sole 227462 West Pharmaceutical Services, COM 955306105 1120 22188 SH Defined 01 22188 Weyerhaeuser Co. COM 962166104 719 32135 SH Sole 32135 White Mountain Insurance COM G9618E107 358 687 SH Sole 687 Willis Group Hldg COM G96666105 10313 282614 SH Sole 282614 WR Berkley Corp COM 084423102 9814 252150 SH Sole 252150 WW Grainger Inc COM 384802104 2264 11838 SH Sole 11838 Yamana Gold Inc (US Listing) COM 98462Y100 658 42748 SH Sole 42748 Zebra Technologies COM 989207105 1167 33963 SH Defined 01 33963