CONFLUENCE INVESTMENT MANAGEMENT LLC

Q1 2014 13F-HR Holdings

Location
St. Louis, MO
Holdings as of
3/31/2014
Date filed
5/7/2014
Form type
13F-HR
Num holdings
252
Total value ($000)
$1,974,435
Net value change ($000)
+166,783 (9.2%)
New positions
22
Sold out positions
25
Turnover %
5.4%
Sector allocation + QoQ delta (equities-only)

Holdings aggregated across other managers listed in the original SEC filing. View detailed breakdown

Snapshot: Change Analysis

Compared to Q4 2013
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
DLR 27,967 NEW
CL 14,862 337.7%
MAT 14,414 NEW
RWR 11,290 NEW
RYN 10,433 41.1%
IGLB 8,679 820.3%
MLM 8,187 33.8%
REZ 8,084 NEW
JNJ 7,030 17.3%
GGG 6,544 30.4%
Top Reduces (Value $000, Stocks/ETFs)
VNQ -19,172 -62.8%
BR -6,807 -19.8%
WILLIS GROUP HOLDINGS PUBLIC -5,146 -21.0%
SPDR SERIES TRUST -4,987 -45.8%
IYW -4,920 -37.6%
FNF -4,787 -15.4%
ADP -4,618 -100.0%
IGIB -4,575 -59.1%
HYG -4,272 -42.1%
GBDC -3,845 -12.7%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type