0001442055-13-000001.txt : 20130123
0001442055-13-000001.hdr.sgml : 20130123
20130123100618
ACCESSION NUMBER: 0001442055-13-000001
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20121231
FILED AS OF DATE: 20130123
DATE AS OF CHANGE: 20130123
EFFECTIVENESS DATE: 20130123
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: 13541757
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
cimformdec12.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, 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 January 23, 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: 235
Form 13F Information Table Value Total: $1,189,196 (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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
Vanguard Equity-Income Admiral 921921300 218 4310 SH Sole 4310.335
2013 S&P AMT-Free Municipal ET COM 464289388 305 6017 SH Sole 6017
2014 S&P AMT-Free Municipal ET COM 464289362 307 5931 SH Sole 5931
2015 S&P AMT-Free Municipal ET COM 464289339 306 5753 SH Sole 5753
2016 S&P AMT-Free Municipal ET COM 464289313 308 5743 SH Sole 5743
2017 S&P AMT-Free Municipal ET COM 464289271 309 5591 SH Sole 5591
3M Company COM 88579Y101 15708 169181 SH Sole 169181
Affiliated Managers Group Inc. COM 008252108 1370 10527 SH Combined 01 10527
Air Products & Chemicals Inc. COM 009158106 2011 23932 SH Sole 23932
Allied Nevada Gold Corp. COM 019344100 473 15709 SH Sole 15709
American Capital Ltd. COM 02503Y103 1322 110170 SH Combined 01 110170
American Express Company COM 025816109 9800 170490 SH Sole 170490
Analog Devices, Inc. COM 032654105 2323 55220 SH Sole 55220
Anglo American Plc ADR COM 03485P201 418 26806 SH Sole 26806
Annaly Capital Management Inc. COM 035710409 12417 884388 SH Combined 01 884388
Apollo Investment Corp. COM 03761U106 4510 539448 SH Combined 01 539448
Ares Capital Corp. COM 04010L103 31086 1776367 SH Combined 01 1776367
Ares Commercial Real Estate COM 04013V108 164 10000 SH Combined 01 10000
Automatic Data Processing, Inc COM 053015103 2214 38886 SH Sole 38886
Barclays 1-3 Year Credit Bond COM 464288646 3563 33776 SH Sole 33776
Barclays 7-10 Year Treasury - COM 464287440 1562 14531 SH Sole 14531
Barclays Capital Intermediate COM 78464A375 2621 75263 SH Sole 75263
Barclays Capital High Yield Bo COM 78464A417 22030 541134 SH Combined 01 541134
Barclays Intermediate Credit B COM 464288638 6301 56621 SH Sole 56621
Barclays MBS Bond - iShares COM 464288588 7656 70899 SH Sole 70899
Beam Inc. COM 073730103 7034 115142 SH Sole 115142
Becton, Dickinson and Company COM 075887109 2056 26300 SH Sole 26300
Bed Bath & Beyond Inc COM 075896100 7519 134480 SH Sole 134480
Berkshire Hathaway Inc. - B COM 084670702 7916 88245 SH Sole 88245
Berkshire Hathaway Inc. - Clas COM 084670108 1072 8 SH Combined 01 8
BHP Billiton Limited - ADR COM 088606108 568 7249 SH Sole 7249
BlackRock Kelso Capital Corp. COM 092533108 3424 340393 SH Combined 01 340393
BP PLC (Adr 1:6) COM 055622104 525 12611 SH Sole 12611
Broadridge Financial Solutions COM 11133T103 13201 576978 SH Sole 576978
Brown-Forman Corp. - B COM 115637209 2455 38816 SH Sole 38816
Brown & Brown Inc. COM 115236101 3628 142506 SH Combined 01 142506
BulletShares 2017 Corp Bond - COM 18383M548 2294 100513 SH Sole 100513
C & J Energy Services Inc COM 12467B304 1089 50777 SH Combined 01 50777
Cameco Corp. COM 13321L108 503 25518 SH Sole 25518
Chevron Corp. COM 166764100 23323 215671 SH Sole 215671
Cimarex Energy Co. COM 171798101 757 13107 SH Sole 13107
Colgate-Palmolive Co. COM 194162103 2344 22426 SH Sole 22426
Commerce Bancshares, Inc. COM 200525103 2056 58653 SH Sole 58653
Compass Diversified Holdings COM 20451Q104 3184 216442 SH Combined 01 216442
ConocoPhillips COM 20825C104 2760 47595 SH Sole 47595
Consumer Discret Select Sector COM 81369Y407 5842 123137 SH Sole 123137
Consumer Staples Select Sector COM 81369Y308 3951 113210 SH Sole 113210
Contango Oil & Gas Company COM 21075N204 425 10024 SH Sole 10024
Cubic Corp COM 229669106 1018 21231 SH Combined 01 21231
Cullen Frost Bankers, Inc. COM 229899109 1983 36545 SH Sole 36545
CYS Investments Inc COM 12673A108 7205 610040 SH Combined 01 610040
Deckers Outdoor Corp. COM 243537107 2496 61975 SH Combined 01 61975
Deltic Timber Corp. COM 247850100 276 3906 SH Sole 3906
Diageo (Adr 1:4) COM 25243Q205 19978 171368 SH Sole 171368
Discovery Communications, Inc. COM 25470F302 9659 165114 SH Sole 165114
DJ-UBS Commodity Index Total R COM 06738C778 7929 191748 SH Sole 191748
Douglas Dynamics, Inc. COM 25960R105 977 67916 SH Combined 01 67916
Dow Jones Select Dividend Inde COM 464287168 226 3957 SH Sole 3957
Dow Jones US Financial Sector COM 464287788 7248 119401 SH Sole 119401
Dow Jones US Technology - iSha COM 464287721 7944 112336 SH Sole 112336
Dow Jones US Utilities - iShar COM 464287697 1935 22411 SH Sole 22411
Du Pont E.I. De Nemours & Com COM 263534109 11925 265126 SH Sole 265126
Eldorado Gold Corp. COM 284902103 515 39984 SH Sole 39984
Emerson Electric Company COM 291011104 21027 397036 SH Sole 397036
Energy Select Sector - SPDR COM 81369Y506 7776 108879 SH Sole 108879
EnPro Industries, Inc. COM 29355X107 1799 43992 SH Combined 01 43992
Exxon Mobil Corp. COM 30231G102 10424 120437 SH Sole 120437
Fidelity National Financial In COM 31620R105 14925 633738 SH Combined 01 633738
Fidus Investment Corp. COM 316500107 1350 82076 SH Combined 01 82076
Fifth Street Finance Corp. COM 31678A103 1051 100883 SH Combined 01 100883
First Majestic Silver Corp. COM 32076V103 617 30542 SH Sole 30542
First Quantum Minerals Ltd. COM 335934105 521 23648 SH Sole 23648
Forward Air Corp. COM 349853101 392 11211 SH Sole 11211
Franco-Nevada Corp. COM 351858105 814 14239 SH Sole 14239
Franklin Electric Co. Inc. COM 353514102 1068 17219 SH Combined 01 17219
Franklin Street Properties Cor COM 35471R106 15787 1282454 SH Combined 01 1282454
Full Circle Capital Corp. COM 359671104 1500 201825 SH Combined 01 201825
Generac Holdings Inc. COM 368736104 2127 62006 SH Combined 01 62006
General Dynamics Corp. COM 369550108 2055 29664 SH Sole 29664
General Mills, Inc. COM 370334104 2180 53936 SH Sole 53936
Gladstone Capital Corporation COM 376535100 3980 487755 SH Combined 01 487755
Gladstone Commercial Corp. COM 376536108 1250 69622 SH Combined 01 69622
Gladstone Investment Corp. COM 376546107 1955 280891 SH Combined 01 280891
GlaxoSmithKline Plc (Adr 1:2) COM 37733W105 15124 347916 SH Sole 347916
Gold Shares - SPDR COM 78463V107 815 5032 SH Sole 5032
Gold Trust - iShares COM 464285105 8385 515070 SH Sole 515070
Golub Capital BDC Inc COM 38173M102 18119 1133866 SH Combined 01 1133866
Golub Capital Inc. - 144A COM 38173M995 22 22000 SH Combined 01 22000
Google Inc. - A COM 38259P508 9066 12817 SH Sole 12817
Graco inc. COM 384109104 15876 308328 SH Combined 01 308328
Haemonetics Corporation COM 405024100 1018 24934 SH Combined 01 24934
Halliburton Co. COM 406216101 5195 149753 SH Sole 149753
Hatteras Financial Corp. COM 41902R103 4250 171282 SH Combined 01 171282
Health Care Select Sector - SP COM 81369Y209 8320 208623 SH Sole 208623
Heartland Express, Inc COM 422347104 793 60641 SH Combined 01 60641
Hercules Technology Growth Cap COM 427096508 6704 602351 SH Combined 01 602351
High Yield Corporate Bond Fund COM 464288513 20626 220957 SH Sole 220957
Hittite Microwave Corp COM 43365Y104 1087 17521 SH Combined 01 17521
HNI Corp. COM 404251100 15516 516163 SH Combined 01 516163
Home Depot Inc. COM 437076102 9283 150085 SH Sole 150085
Horizon Technology COM 44045A102 4792 321823 SH Combined 01 321823
iBoxx $ Investment Grade Corp. COM 464287242 15302 126475 SH Sole 126475
Illinois Tool Works Inc. COM 452308109 9798 161119 SH Sole 161119
Industrial Select Sector - SPD COM 81369Y704 7672 202438 SH Sole 202438
Inmet Mining Corp. COM 457983104 634 8495 SH Sole 8495
Interm-Term Corp Bond Index ET COM 92206C870 5980 68222 SH Sole 68222
International Business Machine COM 459200101 2228 11632 SH Sole 11632
iShares MSCI Brazil Index COM 464286400 1543 27581 SH Sole 27581
iShares MSCI Japan Index COM 464286848 203 20868 SH Sole 20868
John Wiley & Sons Inc. - A COM 968223206 1141 29313 SH Combined 01 29313
Jonhson& Jonhson COM 478160104 23063 329006 SH Sole 329006
KCAP Financial Inc COM 48668E101 2734 297489 SH Combined 01 297489
Landauer Inc. COM 51476K103 13621 222525 SH Sole 222525
Landstar System Inc. COM 515098101 3100 59090 SH Combined 01 59090
Leucadia National Corp. COM 527288104 5583 234680 SH Sole 234680
Linear Technology Corp COM 535678106 15504 452001 SH Sole 452001
Lockheed Martin Corp COM 539830109 14412 156163 SH Sole 156163
Lowe's Companies Inc. COM 548661107 10465 294632 SH Sole 294632
M&T Bank Corp. COM 55261F104 2353 23896 SH Sole 23896
Main Street Capital Corp. COM 56035L104 2168 71055 SH Combined 01 71055
Manatuck Hill Mariner Offshore COM 562996983 495 3380 SH Sole 3380
Marathon Oil Corp. COM 565849106 2133 69582 SH Sole 69582
Markel Corp. COM 570535104 8795 20291 SH Combined 01 20291
Market Vectors Gold Miners - E COM 57060U100 216 4664 SH Sole 4664
Martin Marietta Materials Inc. COM 573284106 13952 147985 SH Sole 147985
Mastercard Inc. - A COM 57636Q104 8306 16906 SH Sole 16906
Materials Select Sector - SPDR COM 81369Y100 2041 54374 SH Sole 54374
McDonald's Corp. COM 580135101 2210 25051 SH Sole 25051
MCG Capital Corp. COM 58047P107 3090 671803 SH Combined 01 671803
McGraw-Hill Companies, Inc COM 580645109 17341 317188 SH Sole 317188
MDU Resources Group Inc. COM 552690109 2001 94225 SH Sole 94225
Medallion Financial Corp COM 583928106 3616 308042 SH Combined 01 308042
Medley Capital Corp. COM 58503F106 10540 723928 SH Combined 01 723928
Mesabi Trust COM 590672101 522 20516 SH Sole 20516
Microsoft Corp. COM 594918104 20546 769251 SH Sole 769251
Mohawk Industries Inc. COM 608190104 440 4864 SH Sole 4864
Morningstar Inc. COM 617700109 1004 15987 SH Combined 01 15987
Mueller Industries Inc. COM 624756102 764 15270 SH Combined 01 15270
Murphy Oil Corp. COM 626717102 533 8945 SH Sole 8945
MVC Capital, Inc. COM 553829102 6178 508478 SH Combined 01 508478
New Gold, Inc. COM 644535106 563 51072 SH Sole 51072
New Jersey Resources Corp. COM 646025106 1815 45806 SH Sole 45806
New Mountain Finance Corp. COM 647551100 5562 373260 SH Combined 01 373260
NextEra Energy, Inc. COM 65339F101 2415 34898 SH Sole 34898
NGP Capital Ressources Company COM 62912R107 2895 400919 SH Combined 01 400919
Nike Inc. - B COM 654106103 2125 41174 SH Sole 41174
Nordstrom Inc. COM 655664100 2263 42291 SH Sole 42291
Novartis AG - ADR COM 66987V109 2340 36963 SH Sole 36963
Nuveen Barclays Capital Muni. COM 78464A458 1997 82391 SH Sole 82391
Nuveen Barclays Capital Short COM 78464A425 1702 70015 SH Sole 70015
NXP Semiconductors COM N6596X109 1819 69110 SH Sole 69110
Occidental Petroleum Corp COM 674599105 1751 22857 SH Sole 22857
OFS Capital Corp. COM 67103B100 1576 115113 SH Combined 01 115113
Patterson Companies, Inc. COM 703395103 1444 42182 SH Combined 01 42182
Paychex, Inc. COM 704326107 12069 388069 SH Sole 388069
Peabody Energy Corp. COM 704549104 555 20852 SH Sole 20852
PennantPark Floating Rate Capi COM 70806A106 3249 255997 SH Combined 01 255997
PennantPark Investment Corp. COM 708062104 12742 1158871 SH Combined 01 1158871
Pepsico, Inc COM 713448108 22034 321995 SH Sole 321995
Pfizer Inc. COM 717081103 12514 498984 SH Sole 498984
Physical Palladium Shares - ET COM 26923a106 507 7329 SH Sole 7329
Piedmont Natural Gas Co. Inc. COM 720186105 2051 65492 SH Sole 65492
Pioneer Natural Resources Co. COM 723787107 463 4341 SH Sole 4341
Plum Creek Timber Co. Inc. COM 729251108 14786 333251 SH Sole 333251
Potlatch Corp. COM 737630103 595 15202 SH Sole 15202
PowerShares Agriculture Double COM 25154H566 147 11249 SH Sole 11249
Praxair Inc. COM 74005P104 14936 136469 SH Sole 136469
Procter & Gamble Company COM 742718109 2239 32981 SH Sole 32981
Progressive Corp. COM 743315103 13109 621299 SH Sole 621299
Prospect Capital Corp COM 74348T102 492 45244 SH Combined 01 45244
QuantShares US Market Neut Ant COM 351680707 438 20167 SH Sole 20167
Rayonier Inc. COM 754907103 14773 285027 SH Combined 01 285027
REIT Index - Vanguard COM 922908553 28430 432062 SH Sole 432062
Ritchie Brothers Auctioneers I COM 767744105 1402 67135 SH Combined 01 67135
RLI Corp. COM 749607107 15736 243363 SH Combined 01 243363
Royal Gold, Inc. COM 780287108 677 8319 SH Sole 8319
Rubicon Minerals Corp. COM 780911103 409 160374 SH Sole 160374
Russell 1000 Value Index - iSh COM 464287598 200 2747 SH Sole 2747
Russell 2000 Growth Index - iS COM 464287648 5365 56292 SH Sole 56292
Russell 2000 Value Index - iSh COM 464287630 5605 74227 SH Sole 74227
S&P 500 - SPDR COM 78462F103 447 3136 SH Sole 3136
S&P 500 Growth Index - iShares COM 464287309 524 6912 SH Sole 6912
S&P 500 Value Index - iShares COM 464287408 496 7467 SH Sole 7467
S&P GSCI Crude Oil Total Retur COM 06738C786 203 9330 SH Sole 9330
S&P SmallCap Energy - PowerSha COM 73937B704 1954 58091 SH Sole 58091
S&P SmallCap Health Care - Pow COM 73937B886 2009 56844 SH Sole 56844
Sanderson Farms, Inc. COM 800013104 1030 21655 SH Combined 01 21655
Saratoga Investment Corporatio COM 80349A208 194 12837 SH Combined 01 12837
Short-Term Corp Bond Index ETF COM 92206C409 1908 23754 SH Sole 23754
Sigma-Aldrich Corp COM 826552101 10516 142920 SH Sole 142920
Silver Standard Resources Inc. COM 82823L106 519 34872 SH Sole 34872
Silver Trust - iShares COM 46428Q109 984 33496 SH Sole 33496
Silver Wheaton Corp. COM 828336107 614 17019 SH Sole 17019
Simpson Manufacturing Co. COM 829073105 1095 33398 SH Combined 01 33398
Solar Capital, LTD. COM 83413U100 8159 341222 SH Combined 01 341222
Solar Senior Capital Ltd. COM 83416M105 1817 97365 SH Combined 01 97365
Source Capital, Inc. COM 836144105 1435 27474 SH Sole 27474
Southern Company COM 842587107 15511 362333 SH Sole 362333
Southern Copper Corp. COM 84265V105 496 13112 SH Sole 13112
Southwestern Energy Co. COM 845467109 722 21616 SH Sole 21616
Stellus Capital Investment COM 858568108 2137 130491 SH Combined 01 130491
Stryker Corp. COM 863667101 2561 46722 SH Sole 46722
Sysco Corp. COM 871829107 2148 67832 SH Sole 67832
T. Rowe Price Group, Inc. COM 74144T108 2306 35418 SH Sole 35418
TCP Capital Corp COM 87238Q103 3776 256170 SH Combined 01 256170
Techne Corp. COM 878377100 1015 14854 SH Combined 01 14854
Teck Cominco (US Listing) COM 878742204 512 14080 SH Sole 14080
The Clorox Company COM 189054109 2151 29374 SH Sole 29374
The Coca-Cola Company COM 191216100 223 6149 SH Sole 6149
The Scotts Miracle-Gro Company COM 810186106 869 19721 SH Combined 01 19721
Thermo Fisher Scientific, Inc. COM 883556102 9687 151880 SH Sole 151880
THL Credit COM 872438106 9207 622527 SH Combined 01 622527
TICC Capital Corp. COM 87244T109 1788 176683 SH Combined 01 176683
TJX Companies COM 872540109 7106 167402 SH Sole 167402
Triangle Capital Corp COM 895848109 7122 279421 SH Combined 01 279421
United Technologies Corp. COM 913017109 2201 26838 SH Sole 26838
Uranium Energy Corp. COM 916896103 284 110846 SH Sole 110846
Utilities Sector Bond - iShare COM 46429B184 2967 57495 SH Sole 57495
Utilities Select Sector - SPDR COM 81369Y886 292 8376 SH Sole 8376
Vale SA (Adr) COM 91912E105 546 26028 SH Sole 26028
Vanguard MSCI Emerging Markets COM 922042858 4642 104246 SH Sole 104246
Varian Medical Systems Inc. COM 92220P105 390 5550 SH Sole 5550
VCA Antech Inc. COM 918194101 2135 101424 SH Combined 01 101424
Vectren Corp COM 92240G101 13338 453663 SH Sole 453663
W.R. Berkley Corp COM 084423102 9857 261185 SH Combined 01 261185
W.W. Grainger, Inc. COM 384802104 2512 12415 SH Sole 12415
Wal-Mart Stores Inc. COM 931142103 9286 136104 SH Sole 136104
Walter Energy, Inc. COM 93317Q105 486 13544 SH Sole 13544
Waters Corp. COM 941848103 9041 103771 SH Sole 103771
Wells Fargo & Company COM 949746101 7762 227086 SH Combined 01 227086
West Pharmaceutical Services, COM 955306105 1173 21422 SH Combined 01 21422
Weyerhaeuser Co. COM 962166104 907 32596 SH Sole 32596
Willis Group Hldg COM G96666105 11839 353090 SH Sole 353090
Yamana Gold, Inc. COM 98462Y100 729 42372 SH Sole 42372
Zebra Technologies Corp. COM 989207105 1416 36014 SH Combined 01 36014