Confluence Investment Management’s iShares iBonds Mar 2018 Term Corporate ex-Financials ETF IBCC Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q3	–	Sell	-576,327	Closed	-$14.2M	–	252
2017 Q2	$14.2M	Buy	576,327 +19,303	+3%	+$476K	0.29%	78
2017 Q1	$13.7M	Buy	557,024 +36,829	+7%	+$908K	0.31%	73
2016 Q4	$12.8M	Buy	520,195 +67,942	+15%	+$1.68M	0.31%	72
2016 Q3	$11.2M	Buy	452,253 +69,021	+18%	+$1.71M	0.29%	76
2016 Q2	$9.49M	Buy	383,232 +34,748	+10%	+$861K	0.26%	95
2016 Q1	$8.64M	Buy	348,484 +21,004	+6%	+$518K	0.26%	93
2015 Q4	$8.1M	Buy	327,480 +13,708	+4%	+$340K	0.27%	92
2015 Q3	$7.76M	Buy	313,772 +15,156	+5%	+$376K	0.28%	79
2015 Q2	$7.43M	Buy	298,616 +13,612	+5%	+$339K	0.27%	90
2015 Q1	$7.11M	Buy	285,004 +22,232	+8%	+$554K	0.27%	93
2014 Q4	$6.5M	Buy	262,772 +11,708	+5%	+$289K	0.26%	92
2014 Q3	$6.19M	Buy	251,064 +16,612	+7%	+$411K	0.28%	82
2014 Q2	$5.82M	Buy	234,452 +5,080	+2%	+$126K	0.27%	84
2014 Q1	$5.66M	Buy	229,372 +24,180	+12%	+$597K	0.29%	80
2013 Q4	$5.02M	Buy	205,192 +12,356	+6%	+$305K	0.28%	78
2013 Q3	$4.78M	Buy	192,836 +11,992	+7%	+$292K	0.3%	81
2013 Q2	$4.39M	Buy	+180,844	New	+$4.47M	0.3%	89

Other funds holding IBCC

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

HJA

Hugh Johnson Advisors Albany, New York $320M AUM 9.58% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Wolverine Trading Chicago, Illinois $139B AUM 31.83% 1-Year Est. Return

Jane Street New York $777B AUM 61.18% 1-Year Est. Return

HighTower Advisors Chicago, Illinois $103B AUM 28.65% 1-Year Est. Return

Citadel Advisors Miami, Florida $618B AUM 30.34% 1-Year Est. Return

Ameriprise Minneapolis, Minnesota $432B AUM 30.22% 1-Year Est. Return

Confluence Investment Management's IBCC Position: Q3 2017 in Review

Confluence Investment Management sold out of iShares iBonds Mar 2018 Term Corporate ex-Financials ETF (IBCC) in Q3 2017, closing a stake of 576,327 shares — an estimated $14.2M sold.

Confluence Investment Management first reported a position in IBCC in Q2 2013 and held it in 17 quarters. The position peaked at $14.2M in Q2 2017. 14 funds tracked by Wall St. Rank hold IBCC as of Q3 2017.

Confluence Investment Management reported no remaining iShares iBonds Mar 2018 Term Corporate ex-Financials ETF position as of Q3 2017 after selling out during the quarter.
Confluence Investment Management sold 576,327 iShares iBonds Mar 2018 Term Corporate ex-Financials ETF shares in Q3 2017, an estimated $14.2M.
Confluence Investment Management first reported a position in iShares iBonds Mar 2018 Term Corporate ex-Financials ETF in Q2 2013 and held it in 17 quarters.
Confluence Investment Management's iShares iBonds Mar 2018 Term Corporate ex-Financials ETF position peaked at $14.2M in Q2 2017.
14 funds tracked by Wall St. Rank held iShares iBonds Mar 2018 Term Corporate ex-Financials ETF as of Q3 2017.

Based on Confluence Investment Management's 13F filing for Q3 2017, filed 13 Oct 2017.