-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Sai6O3X7ppdD/cc8EmUlChJs5Hj5/iztAGQ0Dt38pIkJuHFhPObtjYP3TyV6zllX zKN0yHW7MhNLty2m0cE0jw== 0001442055-11-000001.txt : 20110111 0001442055-11-000001.hdr.sgml : 20110111 20110111125627 ACCESSION NUMBER: 0001442055-11-000001 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20101231 FILED AS OF DATE: 20110111 DATE AS OF CHANGE: 20110111 EFFECTIVENESS DATE: 20110111 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: 11522130 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 cimformdec10.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, 2010 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 11, 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: 224 Form 13F Information Table Value Total: $704,386 (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 6281 72777 SH Sole 72777 Affiliated Managers Group COM 008252108 1452 14635 SH Sole 14635 AFLAC COM 001055102 877 15545 SH Sole 15545 Air Products & Chemicals COM 009158106 904 9936 SH Sole 9936 Ambassadors Group Inc COM 023177108 2796 243153 SH Sole 243153 American Express COM 025816109 7256 169051 SH Sole 169051 Analog Devices COM 032654105 998 26496 SH Sole 26496 Anglo Platinum Ltd (Adr) COM 035078104 239 13612 SH Sole 13612 Annaly Capital Management Inc. COM 035710409 10584 590609 SH Defined 01 590609 Apollo Investment Corp. COM 03761U106 6366 575048 SH Defined 01 575048 Ares Capital Corp. COM 04010L103 21386 1297675 SH Defined 01 1297675 Aurizon Mines Ltd. COM 05155P106 111 15112 SH Sole 15112 Auto Data Processing Inc COM 053015103 877 18948 SH Sole 18948 Avery Dennison Corp. COM 053611109 4308 101755 SH Sole 101755 B&G Foods, Inc. COM 05508R106 570 41527 SH Sole 41527 Barclays 1-3 Year Credit Bond COM 464288646 3980 38163 SH Sole 38163 Barclays 7-10 Year Treasury Bo COM 464287440 4595 48974 SH Sole 48974 Barclays Capital High Yield Bo COM 78464A417 14939 376201 SH Defined 01 376201 Barclays Capital Municipal Bon COM 78464A458 1415 65410 SH Sole 65410 Barclays Intermediate Credit B COM 464288638 2694 25617 SH Sole 25617 Barclays MBS Bond Fund - iShar COM 464288588 4406 41728 SH Sole 41728 Barclays Short Term Municipal COM 78464A425 1489 62525 SH Sole 62525 Becton Dickinson COM 075887109 862 10194 SH Sole 10194 Bed Bath & Beyond Inc COM 075896100 7216 146810 SH Sole 146810 Berkshire Hathaway (Class A) COM 084670108 361 3 SH Defined 01 3 Berkshire Hathaway (Class B) COM 084670702 6503 81172 SH Sole 81172 Berry Petroleum Company COM 085789105 271 6209 SH Sole 6209 BHP Billiton Ltd. (Adr 1:2) COM 088606108 312 3359 SH Sole 3359 Bio-Reference Laboratories COM 09057G602 274 12334 SH Sole 12334 BlackRock Kelso Capital Corp. COM 092533108 11814 1068166 SH Defined 01 1068166 Broadridge Financial Solutions COM 11133T103 5330 243062 SH Sole 243062 Brown And Brown Inc COM 115236101 1308 54625 SH Sole 54625 Brown Forman Corp. (Class B) COM 115637209 941 13520 SH Sole 13520 California Pizza Kitchen COM 13054D109 1135 65681 SH Sole 65681 Cameco Corp (US Listing) COM 13321L108 281 6961 SH Sole 6961 Cemex SA de CV (Adr 1:10) COM 151290889 429 40050 SH Sole 40050 Cenovus Energy Inc. COM 15135U109 361 10852 SH Sole 10852 Chevron Corp. COM 166764100 12708 139262 SH Sole 139262 Cliffs Natural Resources COM 18683K101 250 3208 SH Sole 3208 Clorox COM 189054109 821 12981 SH Sole 12981 Colgate Palmolive Co COM 194162103 889 11064 SH Sole 11064 Commerce Bancshares Inc COM 200525103 990 24913 SH Sole 24913 Compass Diversified Holdings COM 20451Q104 3317 187500 SH Defined 01 187500 Conoco Phillips COM 20825C104 1001 14698 SH Sole 14698 Consumer Discretionary Select COM 81369Y407 3834 102484 SH Sole 102484 Consumer Staples Select Sector COM 81369Y308 7163 244398 SH Sole 244398 CPI Corp. COM 125902106 4642 205853 SH Sole 205853 Cullen / frost Bankers COM 229899109 902 14766 SH Sole 14766 Cypress Sharpridge Investments COM 23281A307 6299 487880 SH Defined 01 487880 DB US Dollar Index - Powershar COM 73936D107 369 16258 SH Sole 16258 Diageo (Adr 1:4) COM 25243Q205 11005 148052 SH Sole 148052 Dionex COM 254546104 810 6861 SH Sole 6861 DJ-UBS Commodity Index Total R COM 06738c778 8061 164105 SH Sole 164105 DJ-UBS Copper Subindex Total R COM 06739F101 378 6390 SH Sole 6390 DJ-UBS Lead Subindex Total Ret COM 06739H263 260 4002 SH Sole 4002 DJ-UBS Livestock Subindex Tota COM 06739H743 385 12533 SH Sole 12533 DJ-UBS Platinum Subindex Total COM 06739H255 674 16101 SH Sole 16101 Dow Jones-UBS Agriculture Subi COM 06739H206 557 8838 SH Sole 8838 Dow Jones U.S. Aerospace & Def COM 464288760 641 10890 SH Sole 10890 Dow Jones U.S. Telecommunicati COM 464287713 2102 89941 SH Sole 89941 Dow Jones U.S. Utilities Secto COM 464287697 4043 52440 SH Sole 52440 Du Pont (Ei) De Nemours P-A COM 263534109 4303 86272 SH Sole 86272 Eaton Vance Corp. COM 278265103 794 26255 SH Sole 26255 Emerson Electric Co. COM 291011104 11629 203413 SH Sole 203413 EnCana Corp COM 292505104 502 17224 SH Sole 17224 Energen Corp. COM 29265N108 695 14411 SH Sole 14411 Energy Select Sector SPDR COM 81369Y506 12846 188224 SH Sole 188224 Enerplus Resources Fund (Unit COM 292766102 262 8495 SH Sole 8495 European Goldfield LTD COM 298774100 188 13451 SH Sole 13451 Exeter Resource Corp. COM 301835104 109 17597 SH Sole 17597 Exxon Mobil Corp. COM 30231G102 7298 99806 SH Sole 99806 Fidelity National Financial In COM 31620R105 6617 483713 SH Defined 01 483713 Fifth Street Finance Corp. COM 31678A103 3696 304474 SH Defined 01 304474 Financials Select Sector SPDR COM 81369Y605 5732 359380 SH Sole 359380 FIRST MAJESTIC SILVER CORP. CO COM 32076V103 204 14029 SH Sole 14029 Forward Air Corp. COM 349853101 452 15944 SH Sole 15944 Franco Nevada Corp. COM 351858105 230 6906 SH Sole 6906 Franklin Street Properties Cor COM 35471R106 4541 318642 SH Sole 318642 Freeport Mcmoran Copper (Class COM 35671D857 317 2640 SH Sole 2640 Full Circle Capital COM 359671104 230 26454 SH Defined 01 26454 General Dynamics Corp. COM 369550108 852 12008 SH Sole 12008 General Mills COM 370334104 831 23338 SH Sole 23338 Gladstone Capital Corporation COM 376535100 4855 421429 SH Defined 01 421429 Gladstone Commercial Corp. COM 376536108 623 33061 SH Sole 33061 Gladstone Investment Corp. COM 376546107 1402 183333 SH Defined 01 183333 GlaxoSmithKline Plc (Adr 1:2) COM 37733W105 5754 146704 SH Sole 146704 Gold Trust - SPDR COM 78463V107 1592 11478 SH Sole 11478 Goldcorp COM 380956409 234 5093 SH Sole 5093 Golub Capital BDC, Inc. COM 38173M102 4650 271600 SH Defined 01 271600 Graco Inc COM 384109104 6744 170953 SH Sole 170953 Haemonetics Corp. COM 405024100 648 10255 SH Sole 10255 Hatteras Financial Corp COM 41902R103 4430 146353 SH Defined 01 146353 Health Care Select Sector SPDR COM 81369Y209 7242 229903 SH Sole 229903 Heartland Express COM 422347104 623 38859 SH Sole 38859 Hercules Technology Growth Cap COM 427096508 5747 554747 SH Defined 01 554747 Hess Corp. COM 42809H107 254 3322 SH Sole 3322 Hibbett Sports Inc. COM 428567101 915 24789 SH Sole 24789 Home Depot Inc. COM 437076102 4965 141624 SH Sole 141624 Horizon Technology COM 44045A102 2154 149152 SH Defined 01 149152 IBM COM 459200101 899 6126 SH Sole 6126 iBoxx $ High Yield Corporate B COM 464288513 12488 138313 SH Sole 138313 iBoxx $ Investment Grade Corpo COM 464287242 12611 116297 SH Sole 116297 Illinois Tool Works Inc COM 452308109 7050 132029 SH Sole 132029 Impala Platinum Holdings Ltd COM 452553308 274 7733 SH Sole 7733 Imperial Oil Ltd. (US Listing) COM 453038408 230 5670 SH Sole 5670 Industrials Select Sector SPDR COM 81369Y704 7131 204498 SH Sole 204498 Inmet Mining Corp. COM 457983104 286 3674 SH Sole 3674 InterOil Corp. COM 460951106 237 3287 SH Sole 3287 Japanese Yen - CurrencyShares COM 23130a102 373 3063 SH Sole 3063 John Wiley & Sons (Class A) COM 968223206 1236 27330 SH Sole 27330 Johnson & Johnson COM 478160104 10948 177012 SH Sole 177012 Kohlberg Capital Corp. COM 500233101 2232 320163 SH Defined 01 320163 Landauer COM 51476K103 4571 76228 SH Sole 76228 Landstar System Inc COM 515098101 2539 62026 SH Sole 62026 Linear Technology Corp. COM 535678106 8442 244068 SH Sole 244068 Lockheed Martin Corp. COM 539830109 4891 69956 SH Sole 69956 Lowes Companies COM 548661107 8271 329781 SH Sole 329781 M&T Bank Corp. COM 55261F104 885 10161 SH Sole 10161 MAG Silver Corp. COM 55903Q104 146 11723 SH Sole 11723 Main Street Capital Corp. COM 56035L104 360 19774 SH Defined 01 19774 Manatuck Hill Mariner Offshore COM 562996983 529 3764 SH Sole 3764 Marathon Oil Corp. COM 565849106 861 23255 SH Sole 23255 Markel Corp. COM 570535104 7672 20290 SH Defined 01 20290 Martin Marietta Materials COM 573284106 4716 51131 SH Sole 51131 Materials Select Sector SPDR COM 81369Y100 2549 66362 SH Sole 66362 McDonald's Corp COM 580135101 974 12694 SH Sole 12694 MCG Capital Corp. COM 58047P107 1630 233843 SH Defined 01 233843 Mcgraw Hill Co Inc COM 580645109 5232 143704 SH Sole 143704 Mdu Resources Group COM 552690109 784 38665 SH Sole 38665 Medallion Financial Corp COM 583928106 3591 437977 SH Defined 01 437977 Medical Action Industries COM 58449L100 2233 233057 SH Defined 01 233057 Mercury General Corp COM 589400100 5404 125652 SH Sole 125652 Microsoft Corp. COM 594918104 13173 471994 SH Sole 471994 Mohawk Industries COM 608190104 2383 41977 SH Sole 41977 Morningstar, Inc. COM 617700109 699 13178 SH Sole 13178 Mosaic Co.. COM 61945A107 243 3180 SH Sole 3180 MSCI Emerging Markets Index Fu COM 464287234 8895 186703 SH Sole 186703 Murphy Oil Corp. COM 626717102 261 3503 SH Sole 3503 MVC Capital Inc COM 553829102 10925 748289 SH Defined 01 748289 New Jersey Resources COM 646025106 849 19697 SH Sole 19697 Newmont Mining Corp COM 651639106 225 3655 SH Sole 3655 NextEra Energy, Inc. COM 65339F101 847 16295 SH Sole 16295 NGP Capital Ressources Company COM 62912R107 3059 332543 SH Defined 01 332543 Nordstrom Inc COM 655664100 885 20891 SH Sole 20891 Northgate Minerals Corp COM 666416102 238 74434 SH Sole 74434 NorthStar Realty Finance Corp. COM 66704R100 2615 550592 SH Defined 01 550592 Northwest Bancshares Inc COM 667340103 1178 100000 SH Defined 01 100000 Novartis AG (Adr) COM 66987V109 894 15166 SH Sole 15166 Occidental Petroleum Corporati COM 674599105 946 9639 SH Sole 9639 Owens & Minor Inc Holding COM 690732102 809 27485 SH Sole 27485 Panera Bread Company COM 69840W108 371 3663 SH Sole 3663 Paramount Gold and Silver Corp COM 69924P102 238 59556 SH Sole 59556 Patterson Companies Inc COM 703395103 1210 39488 SH Sole 39488 Paychex COM 704326107 6018 194683 SH Sole 194683 Peabody Energy COM 704549104 6139 95948 SH Sole 95948 PennantPark Investment Corp. COM 708062104 10590 864474 SH Defined 01 864474 People's United Financial, Inc COM 712704105 275 19612 SH Defined 01 19612 Pepsico COM 713448108 11834 181140 SH Sole 181140 Pfizer COM 717081103 9529 544222 SH Sole 544222 Piedmont Natural Gas COM 720186105 800 28623 SH Sole 28623 Plains Exploration & Productio COM 726505100 252 7828 SH Sole 7828 Platinum Group Metals COM 72765Q205 143 53595 SH Sole 53595 Plum Creek Timber Co COM 729251108 4121 110046 SH Sole 110046 Polaris Industries COM 731068102 1078 13823 SH Sole 13823 Praxair COM 74005P104 898 9401 SH Sole 9401 Procter & Gamble COM 742718109 949 14745 SH Sole 14745 Prospect Capital Corp COM 74348T102 510 47178 SH Defined 01 47178 Quest Diagnostics Inc COM 74834L100 5096 94431 SH Sole 94431 Rayonier Inc COM 754907103 3791 72186 SH Sole 72186 REIT Index ETF- Vanguard COM 922908553 5566 100521 SH Sole 100521 Ritchie Bros. Auction COM 767744105 1199 52023 SH Sole 52023 RLI Corp. COM 749607107 1389 26421 SH Sole 26421 Ross Stores COM 778296103 589 9320 SH Sole 9320 Royal Gold COM 780287108 237 4333 SH Sole 4333 Russell 2000 Growth Index Fund COM 464287648 3073 35148 SH Sole 35148 Russell 2000 Value Index Fund COM 464287630 824 11588 SH Sole 11588 S&P 500 Growth Index Fund - iS COM 464287309 1319 20085 SH Sole 20085 S&P 500 Value Index Fund - iSh COM 464287408 887 14879 SH Sole 14879 S&P GSCI Crude Oil Total Retur COM 06738C786 9833 383963 SH Sole 383963 Sanderson Farms, Inc. COM 800013104 703 17952 SH Sole 17952 Saratoga Investment Corporatio COM 80349A208 204 11739 SH Defined 01 11739 Scotts Miracle Gro Co COM 810186106 742 14608 SH Sole 14608 Seabridge Gold Inc. COM 811916105 221 7212 SH Sole 7212 Sherwin Williams COM 824348106 4550 54324 SH Sole 54324 Sigma Aldrich Corp COM 826552101 2278 34224 SH Sole 34224 Silver Trust - iShares COM 46428Q109 341 11283 SH Sole 11283 Silver wheaton Corporation COM 828336107 372 9517 SH Sole 9517 Simpson Manufacturing COM 829073105 750 24279 SH Sole 24279 SM Energy Company COM 78454L100 302 5133 SH Sole 5133 Smith & Nephew (Adr 1:5) COM 83175M205 483 9194 SH Sole 9194 Soc Quimica Y Minera Chile (Ad COM 833635105 275 4706 SH Sole 4706 Solar Capital, LTD. COM 83413U100 8305 335153 SH Defined 01 335153 Source Capital COM 836144105 5578 104985 SH Sole 104985 Southern Co. COM 842587107 4214 110215 SH Sole 110215 SOUTHWESTERN ENERGY COMPANY COM 845467109 229 6121 SH Sole 6121 Suncor Energy Inc (US Listing) COM 867224107 238 6228 SH Sole 6228 Sysco Corp. COM 871829107 792 26932 SH Sole 26932 Talisman Energy (US Listing) COM 87425E103 253 11418 SH Sole 11418 Target Corp. COM 87612E106 1017 16905 SH Sole 16905 Techne Corp. COM 878377100 707 10770 SH Sole 10770 Technology Select Sector SPDR COM 81369Y803 13470 534719 SH Sole 534719 Teck Cominco (US Listing) COM 878742204 288 4666 SH Sole 4666 Thermo Fisher Scientific Inc. COM 883556102 5362 96852 SH Sole 96852 THL Credit COM 872438106 4030 309766 SH Defined 01 309766 TICC Capital Corp. COM 87244T109 1440 128491 SH Defined 01 128491 TJX Companies Inc COM 872540109 6179 139189 SH Sole 139189 Triangle Capital Corp COM 895848109 4153 218601 SH Defined 01 218601 Tyco International Ltd. COM H89128104 5245 126564 SH Sole 126564 United Technologies COM 913017109 992 12596 SH Sole 12596 Uranium Energy Corp. COM 916896103 150 24803 SH Sole 24803 Utilities Select Sector SPDR COM 81369Y886 399 12727 SH Sole 12727 VCA Antech, Inc. COM 918194101 709 30429 SH Sole 30429 Vectren COM 92240G101 4640 182829 SH Sole 182829 Vulcan Materials Co. COM 929160109 4112 92701 SH Sole 92701 Wal Mart Stores Inc COM 931142103 6696 124152 SH Sole 124152 Waters Corp. COM 941848103 8936 114988 SH Sole 114988 Wells Fargo Co CS COM 949746101 4796 154763 SH Sole 154763 West Pharmaceutical Serv COM 955306105 628 15249 SH Sole 15249 Western Union Co. COM 959802109 5325 286738 SH Sole 286738 White Mountain Insurance COM G9618E107 456 1358 SH Sole 1358 WR Berkley Corp COM 084423102 8684 317166 SH Defined 01 317166 WW Grainger Inc COM 384802104 1049 7595 SH Sole 7595 Yamana Gold Inc (US Listing) COM 98462Y100 246 19205 SH Sole 19205 Zebra Technologies COM 989207105 515 13548 SH Sole 13548
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