Confluence Investment Management Llc Buys Spectrum Brands Holdings Inc, Gilead Sciences Inc, The Kraft Heinz Co, Sells Discovery Inc, S&P 500 Insurance, Colony Capital Inc

• New Purchases: SPB, PPG, SPIB, IEMG, GTES, ICLR, USCR, SHOP, BABA, EWJ,
• Added Positions: GILD, KHC, KMI, MMM, NXPI, JNJ, FAST, PII, TCAP, PGR,
• Reduced Positions: DISCK, SYK, BR, MA, CFRUY, GSK, MSFT, IJK, BKI, MKL,
• Sold Out: ITR, CLNY, BSCJ, BSCK, HLT, IYW, FELE, RSPP, IDV, CDEV,

For the details of CONFLUENCE INVESTMENT MANAGEMENT LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=CONFLUENCE+INVESTMENT+MANAGEMENT+LLC

1. DowDuPont Inc (DWDP) - 2,202,498 shares, 2.62% of the total portfolio. Shares added by 0.34%
2. Diageo PLC (DEO) - 975,401 shares, 2.53% of the total portfolio. Shares reduced by 0.19%
3. Microsoft Corp (MSFT) - 1,410,977 shares, 2.51% of the total portfolio. Shares reduced by 2.59%
4. Polaris Industries Inc (PII) - 1,132,105 shares, 2.49% of the total portfolio. Shares added by 4.37%
5. Johnson & Johnson (JNJ) - 1,135,858 shares, 2.48% of the total portfolio. Shares added by 5.96%

Confluence Investment Management Llc initiated holding in Spectrum Brands Holdings Inc. The purchase prices were between $71.03 and $99.44, with an estimated average price of $84.12. The stock is now traded at around $84.99. The impact to a portfolio due to this purchase was 0.72%. The holding were 491,976 shares as of 2018-06-30.

Confluence Investment Management Llc initiated holding in PPG Industries Inc. The purchase prices were between $100.43 and $113.19, with an estimated average price of $105.97. The stock is now traded at around $103.79. The impact to a portfolio due to this purchase was 0.29%. The holding were 156,401 shares as of 2018-06-30.

Confluence Investment Management Llc initiated holding in SPDR Portfolio Intermediate Term Corporate Bond. The purchase prices were between $33.08 and $33.47, with an estimated average price of $33.25. The stock is now traded at around $33.28. The impact to a portfolio due to this purchase was 0.26%. The holding were 434,157 shares as of 2018-06-30.

Confluence Investment Management Llc initiated holding in iShares Core MSCI Emerging Markets. The purchase prices were between $51.25 and $58.27, with an estimated average price of $56.08. The stock is now traded at around $52.92. The impact to a portfolio due to this purchase was 0.07%. The holding were 71,680 shares as of 2018-06-30.

Confluence Investment Management Llc initiated holding in Gates Industrial Corp PLC. The purchase prices were between $14.82 and $17.26, with an estimated average price of $15.82. The stock is now traded at around $15.87. The impact to a portfolio due to this purchase was 0.06%. The holding were 219,482 shares as of 2018-06-30.

Confluence Investment Management Llc initiated holding in Icon PLC. The purchase prices were between $111.38 and $137.03, with an estimated average price of $124.59. The stock is now traded at around $137.98. The impact to a portfolio due to this purchase was 0.05%. The holding were 19,097 shares as of 2018-06-30.

Confluence Investment Management Llc added to a holding in Gilead Sciences Inc by 54.73%. The purchase prices were between $64.88 and $75.68, with an estimated average price of $70.67. The stock is now traded at around $76.06. The impact to a portfolio due to this purchase was 0.55%. The holding were 1,217,269 shares as of 2018-06-30.

Confluence Investment Management Llc added to a holding in The Kraft Heinz Co by 29.06%. The purchase prices were between $54.2 and $63.32, with an estimated average price of $59.37. The stock is now traded at around $63.92. The impact to a portfolio due to this purchase was 0.37%. The holding were 1,446,990 shares as of 2018-06-30.

Confluence Investment Management Llc added to a holding in Kinder Morgan Inc by 23.17%. The purchase prices were between $14.9 and $17.67, with an estimated average price of $16.36. The stock is now traded at around $17.89. The impact to a portfolio due to this purchase was 0.35%. The holding were 5,832,739 shares as of 2018-06-30.

Confluence Investment Management Llc added to a holding in NXP Semiconductors NV by 27.83%. The purchase prices were between $92.36 and $120.17, with an estimated average price of $110.33. The stock is now traded at around $107.80. The impact to a portfolio due to this purchase was 0.16%. The holding were 378,515 shares as of 2018-06-30.

Confluence Investment Management Llc added to a holding in Triangle Capital Corp by 76.05%. The purchase prices were between $10.98 and $12.05, with an estimated average price of $11.46. The stock is now traded at around $11.78. The impact to a portfolio due to this purchase was 0.09%. The holding were 1,002,514 shares as of 2018-06-30.

Confluence Investment Management Llc added to a holding in ishares Gold Trust by 418.31%. The purchase prices were between $11.97 and $12.97, with an estimated average price of $12.54. The stock is now traded at around $11.95. The impact to a portfolio due to this purchase was 0.07%. The holding were 428,542 shares as of 2018-06-30.

Confluence Investment Management Llc sold out a holding in S&P 500 Insurance. The sale prices were between $33.08 and $33.47, with an estimated average price of $33.25.

Confluence Investment Management Llc sold out a holding in Colony Capital Inc. The sale prices were between $5.48 and $6.5, with an estimated average price of $5.97.

Confluence Investment Management Llc sold out a holding in Invesco BulletShares 2019 Corporate Bond. The sale prices were between $20.94 and $21.08, with an estimated average price of $21.

Confluence Investment Management Llc sold out a holding in Invesco BulletShares 2020 Corporate Bond. The sale prices were between $20.99 and $21.11, with an estimated average price of $21.04.

Confluence Investment Management Llc sold out a holding in Hilton Worldwide Holdings Inc. The sale prices were between $75.01 and $84.68, with an estimated average price of $81.35.

Confluence Investment Management Llc sold out a holding in iShares U.S. Technology. The sale prices were between $163.92 and $186.91, with an estimated average price of $176.95.

Confluence Investment Management Llc reduced to a holding in Discovery Inc by 53.56%. The sale prices were between $19.57 and $26.3, with an estimated average price of $22.33. The stock is now traded at around $25.70. The impact to a portfolio due to this sale was -0.31%. Confluence Investment Management Llc still held 726,906 shares as of 2018-06-30.

Confluence Investment Management Llc reduced to a holding in iShares S&P Mid-Cap 400 Growth by 29.81%. The sale prices were between $213 and $232.6, with an estimated average price of $223.59. The stock is now traded at around $229.34. The impact to a portfolio due to this sale was -0.06%. Confluence Investment Management Llc still held 33,340 shares as of 2018-06-30.

Confluence Investment Management Llc reduced to a holding in iShares S&P Mid-Cap 400 Value by 28.73%. The sale prices were between $150.85 and $165.79, with an estimated average price of $159.99. The stock is now traded at around $165.12. The impact to a portfolio due to this sale was -0.04%. Confluence Investment Management Llc still held 32,288 shares as of 2018-06-30.

Confluence Investment Management Llc reduced to a holding in SPDR Bloomberg Barclays High Yield Bond by 85.47%. The sale prices were between $35.48 and $36.23, with an estimated average price of $35.8. The stock is now traded at around $35.64. The impact to a portfolio due to this sale was -0.04%. Confluence Investment Management Llc still held 10,382 shares as of 2018-06-30.