Confluence Investment Management’s Gladstone Capital GLAD Stock Holding History

Confluence Investment Management’s Portfolio GLAD Stock Details GLAD Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q3	–	Sell	-49,523	Closed	-$717K	–	228
2016 Q2	$717K	Hold	49,523	–	–	0.02%	195
2016 Q1	$738K	Sell	49,523 -15,000	-23%	-$197K	0.02%	193
2015 Q4	$943K	Hold	64,523	–	–	0.03%	197
2015 Q3	$1.05M	Sell	64,523 -32,500	-33%	-$544K	0.04%	195
2015 Q2	$1.53M	Hold	97,023	–	–	0.06%	189
2015 Q1	$1.71M	Hold	97,023	–	–	0.06%	179
2014 Q4	$1.6M	Sell	97,023 -52,977	-35%	-$940K	0.07%	175
2014 Q3	$2.63M	Sell	150,000 -4,892	-3%	-$94K	0.12%	141
2014 Q2	$3.12M	Sell	154,892 -2,260	-1%	-$44.2K	0.14%	137
2014 Q1	$3.17M	Sell	157,152 -45,874	-23%	-$903K	0.16%	135
2013 Q4	$3.89M	Sell	203,026 -34,378	-14%	-$633K	0.22%	116
2013 Q3	$4.14M	Sell	237,404 -1,622	-0.7%	-$27.6K	0.26%	90
2013 Q2	$3.9M	Buy	+239,026	New	+$4.18M	0.27%	96

Other funds holding GLAD

UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return

UCFA

United Capital Financial Advisors Irving, Texas $18.2B AUM 22.02% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

LPL Financial San Diego, California $445B AUM 25.58% 1-Year Est. Return

BlackRock Group London, United Kingdom $210B AUM 15.5% 1-Year Est. Return

VanEck Associates New York $164B AUM 112.45% 1-Year Est. Return

Boston Partners Boston, Massachusetts $113B AUM 38.87% 1-Year Est. Return

Norges Bank Oslo, Norway $1T AUM

Two Sigma Advisers New York $51.4B AUM 31.07% 1-Year Est. Return

Nuveen Fund Advisors Chicago, Illinois $239K AUM 19.32% 1-Year Est. Return

Confluence Investment Management's GLAD Position: Q3 2016 in Review

Confluence Investment Management sold out of Gladstone Capital (GLAD) in Q3 2016, closing a stake of 49,523 shares — an estimated $717K sold.

Confluence Investment Management first reported a position in GLAD in Q2 2013 and held it in 13 quarters. The position peaked at $4.14M in Q3 2013. 62 funds tracked by Wall St. Rank hold GLAD as of Q3 2016.

Confluence Investment Management reported no remaining Gladstone Capital position as of Q3 2016 after selling out during the quarter.
Confluence Investment Management sold 49,523 Gladstone Capital shares in Q3 2016, an estimated $717K.
Confluence Investment Management first reported a position in Gladstone Capital in Q2 2013 and held it in 13 quarters.
Confluence Investment Management's Gladstone Capital position peaked at $4.14M in Q3 2013.
62 funds tracked by Wall St. Rank held Gladstone Capital as of Q3 2016.

Based on Confluence Investment Management's 13F filing for Q3 2016, filed 4 Nov 2016.