CONFLUENCE INVESTMENT MANAGEMENT LLC Information

20 ALLEN AVENUE, SUITE 300, ST. LOUIS, Missouri, 63119, (314) 743-5090

Report Date: 06/30/2015

Position Statistics

Total Positions 247
New Positions 7
Increased Positions 175
Decreased Positions 65
Positions with Activity 240
Sold Out Positions 6
Total Mkt Value (in $ millions) 2,762

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 5.9%
Capital Goods 8.46%
Conglomerates 0.01%
Consumer Cyclical 2.64%
Consumer/Non-Cyclical 6.89%
Energy 3.04%
Financial 34.85%
Healthcare 8.91%
Services 11.84%
Technology 6.49%
Transportation 2.72%
Utilities 3.79%

247 Positions as of 06/30/2015

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
PEPSICO INC COM 69,287 3,694 5.63 711,002
JOHNSON & JOHNSON COM 66,174 3,847 6.17 661,606
MICROSOFT CORP COM 54,148 3,086 6.04 1,156,771
NORTHERN TR CORP COM 51,903 695 1.36 677,408
MARTIN MARIETTA MATLS INC COM 49,463 1,860 3.91 316,015
ARES CAP CORP COM 49,321 2,385 5.08 3,086,441
COLGATE PALMOLIVE CO COM 48,528 4,367 9.89 709,260
FIDELITY NATIONAL FINANCIAL IN FNF GROUP COM 48,161 324 .68 1,213,735
GRACO INC COM 47,644 1,075 2.31 666,346
KRAFT HEINZ CO COM 47,424 -445 (0.93) 590,067
DIAGEO P L C SPON ADR NEW 47,417 1,177 2.55 423,628
BROADRIDGE FINL SOLUTIONS INC COM 46,887 2,298 5.15 863,478
SOUTHERN CO COM 46,512 7,464 19.12 1,034,518
CHEVRON CORP NEW COM 46,360 3,325 7.73 541,594
3M CO COM 45,964 2,464 5.66 306,184
EMERSON ELEC CO COM 45,115 3,246 7.75 878,928
PROGRESSIVE CORP OHIO COM 45,030 2,486 5.85 1,470,598
PFIZER INC COM 44,198 2,147 5.11 1,222,619
STRYKER CORP COM 42,238 23,772 128.73 416,100
C H ROBINSON WORLDWIDE INC COM NEW 41,996 4,620 12.36 593,830