Confluence Investment Management 13F-HR/A Quarterly holdings report by institutional manager (amended)

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
iShares Invest Grade Corp Bon	COM	46432FAD9	1,658	16,776	SH		SOLE		16,776	0	0
iShares Invest Grade Corp Bon	COM	46432FAG2	4,392	45,211	SH		SOLE		45,211	0	0
3M Company	COM	88579Y101	18,258	166,973	SH		SOLE		166,973	0	0
Affiliated Managers Group Inc.	COM	825210	1,599	9,752	SH		DFND		0	9,752	0
Agrium Inc.	COM	891610	359	4,125	SH		SOLE		4,125	0	0
Air Products & Chemicals Inc.	COM	915810	2,496	27,253	SH		SOLE		27,253	0	0
American Capital Ltd.	COM	02503Y103	2,421	191,083	SH		DFND		0	191,083	0
American Express Company	COM	2581610	10,858	145,240	SH		SOLE		145,240	0	0
Analog Devices, Inc.	COM	3265410	2,745	60,926	SH		SOLE		60,926	0	0
Anglo American Plc ADR	COM	03485P201	298	30,956	SH		SOLE		30,956	0	0
Annaly Capital Management Inc.	COM	3571040	4,459	354,717	SH		DFND		0	354,717	0
Apollo Investment Corp.	COM	03761U106	4,456	575,734	SH		DFND		0	575,734	0
Ares Capital Corp.	COM	04010L103	34,838	2,025,469	SH		DFND		0	2,025,469	0
Ares Commercial Real Estate	COM	04013V108	256	20,000	SH		DFND		0	20,000	0
Automatic Data Processing, Inc	COM	5301510	2,951	42,857	SH		SOLE		42,857	0	0
Bank of Marin (CA)	COM	6342510	245	6,133	SH		DFND		0	6,133	0
Barclays 1-3 Year Treasury Bon	COM	46428745	995	11,804	SH		SOLE		11,804	0	0
Barclays 3-7 Year Treasury Bon	COM	46428866	782	6,474	SH		SOLE		6,474	0	0
Barclays Capital High Yield Bo	COM	78464A417	18,828	476,767	SH		SOLE		476,767	0	0
Barrick Gold Corp.	COM	6790110	294	18,689	SH		SOLE		18,689	0	0
Becton, Dickinson and Company	COM	7588710	2,842	28,758	SH		SOLE		28,758	0	0
Bed Bath & Beyond Inc	COM	7589610	9,046	127,498	SH		SOLE		127,498	0	0
Berkshire Hathaway Inc. - B	COM	8467070	9,142	81,680	SH		SOLE		81,680	0	0
Berkshire Hathaway Inc. - Clas	COM	8467010	843	5	SH		SOLE		5	0	0
BHP Billiton Limited - ADR	COM	8860610	374	6,490	SH		SOLE		6,490	0	0
BlackRock Kelso Capital Corp.	COM	9253310	2,884	308,155	SH		DFND		0	308,155	0
BP PLC (Adr 1:6)	COM	5562210	495	11,869	SH		SOLE		11,869	0	0
Broadridge Financial Solutions	COM	11133T103	20,328	764,778	SH		SOLE		764,778	0	0
Brown & Brown Inc.	COM	11523610	5,041	156,349	SH		DFND		0	156,349	0
Brown-Forman Corp. - B	COM	11563720	2,834	41,954	SH		SOLE		41,954	0	0
C & J Energy Services Inc	COM	12467B304	1,085	56,012	SH		DFND		0	56,012	0
C.H. Robinson Worldwide Inc.	COM	12541W209	19,598	348,039	SH		SOLE		348,039	0	0
Cameco Corp.	COM	13321L108	350	16,927	SH		SOLE		16,927	0	0
Chevron Corp.	COM	16676410	26,329	222,484	SH		SOLE		222,484	0	0
Cimarex Energy Co.	COM	17179810	518	7,975	SH		SOLE		7,975	0	0
Colgate-Palmolive Co.	COM	19416210	2,856	49,843	SH		SOLE		49,843	0	0
Commerce Bancshares, Inc.	COM	20052510	3,023	69,420	SH		SOLE		69,420	0	0
Compass Diversified Holdings	COM	20451Q104	3,790	216,200	SH		DFND		0	216,200	0
ConocoPhillips	COM	20825C104	3,348	55,336	SH		SOLE		55,336	0	0
Consumer Discret Select Sector	COM	81369Y407	5,317	94,278	SH		SOLE		94,278	0	0
Consumer Staples Select Sector	COM	81369Y308	4,407	111,085	SH		SOLE		111,085	0	0
Contango Oil & Gas Company	COM	21075N204	329	9,742	SH		SOLE		9,742	0	0
Cubic Corp	COM	22966910	1,109	23,061	SH		DFND		0	23,061	0
Cullen Frost Bankers, Inc.	COM	22989910	2,744	41,092	SH		SOLE		41,092	0	0
CYS Investments Inc	COM	12673A108	6,013	652,880	SH		SOLE		652,880	0	0
DB US Dollar Index - Powershar	COM	73936D107	378	16,737	SH		SOLE		16,737	0	0
Deckers Outdoor Corp.	COM	24353710	3,698	73,223	SH		DFND		0	73,223	0
Deltic Timber Corp.	COM	24785010	322	5,569	SH		SOLE		5,569	0	0
Diageo (Adr 1:4)	COM	25243Q205	27,175	236,404	SH		SOLE		236,404	0	0
Discovery Communications, Inc.	COM	25470F302	9,350	134,008	SH		SOLE		134,008	0	0
DJ-UBS Commodity Index Total R	COM	06738C778	7,570	207,448	SH		SOLE		207,448	0	0
Donaldson Inc	COM	25765110	2,453	68,785	SH		SOLE		68,785	0	0
Douglas Dynamics, Inc.	COM	25960R105	974	75,039	SH		DFND		0	75,039	0
Dow Jones US Financial Sector	COM	46428778	12,166	170,088	SH		SOLE		170,088	0	0
Dow Jones US Technology - iSha	COM	46428772	10,977	149,089	SH		SOLE		149,089	0	0
Dow Jones US Utilities - iShar	COM	46428769	2,071	21,897	SH		SOLE		21,897	0	0
Du Pont E.I. De Nemours & Com	COM	26353410	19,771	376,584	SH		SOLE		376,584	0	0
E N I SPA SPONSORED ADR	COM	26874R108	334	8,136	SH		SOLE		8,136	0	0
Eldorado Gold Corp.	COM	28490210	345	55,856	SH		SOLE		55,856	0	0
Emerson Electric Company	COM	29101110	25,463	466,874	SH		SOLE		466,874	0	0
Energy Select Sector - SPDR	COM	81369Y506	8,498	108,528	SH		SOLE		108,528	0	0
Energy XXI Limited - (Bermuda	COM	G10082140	324	14,593	SH		SOLE		14,593	0	0
EnPro Industries, Inc.	COM	29355X107	2,219	43,711	SH		DFND		0	43,711	0
ETFs Platinum Trust	COM	26922v101	584	4,454	SH		SOLE		4,454	0	0
Europe Hedged Equity - WisdomT	COM	97717X701	277	5,755	SH		SOLE		5,755	0	0
Expeditors International of Wa	COM	30213010	9,996	262,776	SH		SOLE		262,776	0	0
Express Scripts Inc.	COM	30219G108	10,683	173,028	SH		SOLE		173,028	0	0
Exxon Mobil Corp.	COM	30231G102	4,648	51,441	SH		SOLE		51,441	0	0
Fidelity National Financial In	COM	31620R105	19,376	813,768	SH		SOLE		813,768	0	0
Fidus Investment Corp.	COM	31650010	2,493	133,266	SH		DFND		0	133,266	0
Fifth Street Finance Corp.	COM	31678A103	1,055	100,931	SH		DFND		0	100,931	0
Forward Air Corp.	COM	34985310	1,367	35,698	SH		DFND		0	35,698	0
Franco-Nevada Corp.	COM	35185810	336	9,395	SH		SOLE		9,395	0	0
Franklin Electric Co. Inc.	COM	35351410	1,181	35,082	SH		DFND		0	35,082	0
Freeport-McMoRan Copper & Gold	COM	35671D857	329	11,931	SH		SOLE		11,931	0	0
Full Circle Capital Corp.	COM	35967110	1,711	216,519	SH		DFND		0	216,519	0
General Dynamics Corp.	COM	36955010	2,679	34,206	SH		SOLE		34,206	0	0
General Electric Company	COM	36960410	362	15,608	SH		SOLE		15,608	0	0
Gladstone Capital Corporation	COM	37653510	3,906	478,051	SH		DFND		0	478,051	0
Gladstone Commercial Corp.	COM	37653610	1,254	67,299	SH		DFND		0	67,299	0
Gladstone Investment Corp.	COM	37654610	2,146	291,979	SH		DFND		0	291,979	0
GlaxoSmithKline Plc (Adr 1:2)	COM	37733W105	22,515	450,567	SH		SOLE		450,567	0	0
Gold Trust - iShares	COM	46428510	4,204	350,627	SH		SOLE		350,627	0	0
Golub Capital BDC Inc	COM	38173M102	23,697	1,354,092	SH		DFND		0	1,354,092	0
Golub Capital Inc. - 144A	COM	38173M995	23	23,433	SH		DFND		0	23,433	0
Google Inc. - A	COM	38259P508	9,625	10,933	SH		SOLE		10,933	0	0
Graco inc.	COM	38410910	19,084	301,906	SH		DFND		0	301,906	0
Graftech International Ltd.	COM	38431310	1,118	153,555	SH		DFND		0	153,555	0
Guggenheim BulletShares Invest	COM	18383M571	1,147	53,921	SH		SOLE		53,921	0	0
Guggenheim BulletShares Invest	COM	18383M563	1,129	51,888	SH		SOLE		51,888	0	0
Guggenheim BulletShares Invest	COM	18383M555	1,173	53,145	SH		SOLE		53,145	0	0
Guggenheim BulletShares Invest	COM	18383M548	1,708	76,552	SH		SOLE		76,552	0	0
Guggenheim BulletShares Invest	COM	18383M530	1,639	79,685	SH		SOLE		79,685	0	0
Guggenheim BulletShares Invest	COM	18383M522	1,629	79,870	SH		SOLE		79,870	0	0
Guggenheim BulletShares Invest	COM	18383M514	1,613	79,280	SH		SOLE		79,280	0	0
Gulf Coast Ultra Deep Royalty	COM	40222T104	392	192,314	SH		SOLE		192,314	0	0
Haemonetics Corporation	COM	40502410	1,224	29,613	SH		DFND		0	29,613	0
Halliburton Co.	COM	40621610	7,177	172,026	SH		SOLE		172,026	0	0
Harvest Capital Credit Corp	COM	41753F109	302	20,000	SH		DFND		0	20,000	0
Hatteras Financial Corp.	COM	41902R103	4,347	176,429	SH		DFND		0	176,429	0
Health Care Select Sector - SP	COM	81369Y209	7,520	157,955	SH		SOLE		157,955	0	0
Heartland Express, Inc	COM	42234710	541	38,965	SH		DFND		0	38,965	0
Hercules Technology Growth Cap	COM	42709650	9,087	651,864	SH		DFND		0	651,864	0
High Yield Corporate Bond Fund	COM	46428851	17,674	194,476	SH		SOLE		194,476	0	0
Hittite Microwave Corp	COM	43365Y104	1,224	21,107	SH		DFND		0	21,107	0
Home Depot Inc.	COM	43707610	5,194	67,043	SH		SOLE		67,043	0	0
Horizon Technology	COM	44045A102	4,564	332,194	SH		DFND		0	332,194	0
Illinois Tool Works Inc.	COM	45230810	11,168	161,454	SH		SOLE		161,454	0	0
Imperial Oil Ltd.	COM	45303840	374	9,795	SH		SOLE		9,795	0	0
Industrial Select Sector - SPD	COM	81369Y704	8,149	191,100	SH		SOLE		191,100	0	0
International Business Machine	COM	45920010	2,484	13,000	SH		SOLE		13,000	0	0
Iron Mountain	COM	46284610	20,389	766,207	SH		SOLE		766,207	0	0
ISE-Revere Natural Gas Index F	COM	33734J102	215	13,378	SH		SOLE		13,378	0	0
iShares 7-10 Year Treasury Bon	COM	46428744	2,893	28,226	SH		SOLE		28,226	0	0
iShares Barclays 1-3 Year Inve	COM	46428864	10,757	102,421	SH		SOLE		102,421	0	0
iShares CMBS Bond ETF	COM	46429B366	1,657	32,369	SH		SOLE		32,369	0	0
iShares GNMA Bond ETF	COM	46429B333	1,643	33,999	SH		SOLE		33,999	0	0
iShares iBoxx Invest Grade Cor	COM	46428724	9,084	79,928	SH		SOLE		79,928	0	0
iShares Intermediate Invest Gr	COM	46428863	4,467	41,469	SH		SOLE		41,469	0	0
iShares Invest Grade Corp Bond	COM	46432FAK3	2,703	28,249	SH		SOLE		28,249	0	0
iShares Invest Grade Corp Bond	COM	46432FAN7	2,642	28,421	SH		SOLE		28,421	0	0
iShares MBS Bond ETF	COM	46428858	4,485	42,618	SH		SOLE		42,618	0	0
iShares National AMT-Free Muni	COM	46428841	441	4,196	SH		SOLE		4,196	0	0
iShares S&P AMT-Free Municipal	COM	46428936	452	8,745	SH		SOLE		8,745	0	0
iShares S&P AMT-Free Municipal	COM	46428933	448	8,463	SH		SOLE		8,463	0	0
iShares S&P AMT-Free Municipal	COM	46428931	459	8,394	SH		SOLE		8,394	0	0
iShares S&P AMT-Free Municipal	COM	46428927	666	12,400	SH		SOLE		12,400	0	0
iShares S&P AMT-Free Municipal	COM	46429B580	448	18,010	SH		SOLE		18,010	0	0
Japan Total Divend Fund - Wisd	COM	97717W851	278	6,101	SH		SOLE		6,101	0	0
John Wiley & Sons Inc. - A	COM	96822320	982	24,494	SH		DFND		0	24,494	0
Jonhson& Jonhson	COM	47816010	32,429	377,699	SH		SOLE		377,699	0	0
JP Morgan Chase & Company	COM	46625H100	327	6,195	SH		SOLE		6,195	0	0
KCAP Financial Inc	COM	48668E101	4,139	367,592	SH		DFND		0	367,592	0
Kinder Morgan Inc.	COM	49456B101	20,059	525,786	SH		SOLE		525,786	0	0
Kohl's Corp.	COM	50025510	20,766	411,136	SH		SOLE		411,136	0	0
Kraft Foods Group, Inc.	COM	50076Q106	21,984	393,490	SH		SOLE		393,490	0	0
Landauer Inc.	COM	51476K103	14,909	308,608	SH		SOLE		308,608	0	0
Landstar System Inc.	COM	51509810	3,233	62,770	SH		DFND		0	62,770	0
Leucadia National Corp.	COM	52728810	399	15,221	SH		SOLE		15,221	0	0
Linear Technology Corp	COM	53567810	16,551	449,260	SH		SOLE		449,260	0	0
Lockheed Martin Corp	COM	53983010	24,285	223,904	SH		SOLE		223,904	0	0
Lowe's Companies Inc.	COM	54866110	8,857	216,549	SH		SOLE		216,549	0	0
M&T Bank Corp.	COM	55261F104	2,924	26,166	SH		SOLE		26,166	0	0
Main Street Capital Corp.	COM	56035L104	2,048	73,960	SH		DFND		0	73,960	0
Manatuck Hill Mariner Offshore	COM	56299698	520	3,380	SH		SOLE		3,380	0	0
Marathon Oil Corp.	COM	56584910	2,682	77,556	SH		SOLE		77,556	0	0
Markel Corp.	COM	57053510	10,566	20,051	SH		SOLE		20,051	0	0
Martin Marietta Materials Inc.	COM	57328410	19,463	197,758	SH		SOLE		197,758	0	0
Mastercard Inc. - A	COM	57636Q104	7,766	13,517	SH		SOLE		13,517	0	0
Materials Select Sector - SPDR	COM	81369Y100	2,051	53,495	SH		SOLE		53,495	0	0
McDonald's Corp.	COM	58013510	2,763	27,914	SH		SOLE		27,914	0	0
MCG Capital Corp.	COM	58047P107	3,699	710,060	SH		DFND		0	710,060	0
MDU Resources Group Inc.	COM	55269010	2,739	105,697	SH		SOLE		105,697	0	0
Medallion Financial Corp	COM	58392810	4,428	318,330	SH		DFND		0	318,330	0
Medley Capital Corp.	COM	58503F106	10,010	737,133	SH		DFND		0	737,133	0
Microsoft Corp.	COM	59491810	31,901	923,450	SH		SOLE		923,450	0	0
Mohawk Industries Inc.	COM	60819010	736	6,545	SH		SOLE		6,545	0	0
Morningstar Inc.	COM	61770010	1,306	16,828	SH		DFND		0	16,828	0
MSCI Brazil Index - iShares	COM	46428640	1,699	38,728	SH		SOLE		38,728	0	0
Mueller Industries Inc.	COM	62475610	1,189	23,584	SH		DFND		0	23,584	0
Murphy Oil Corp.	COM	62671710	363	5,959	SH		SOLE		5,959	0	0
MVC Capital, Inc.	COM	55382910	4,672	371,068	SH		DFND		0	371,068	0
New Gold, Inc.	COM	64453510	368	57,255	SH		SOLE		57,255	0	0
New Jersey Resources Corp.	COM	64602510	2,211	53,227	SH		SOLE		53,227	0	0
New Mountain Finance Corp.	COM	64755110	7,159	505,565	SH		SOLE		505,565	0	0
Newmont Mining Corp.	COM	65163910	346	11,562	SH		SOLE		11,562	0	0
NextEra Energy, Inc.	COM	65339F101	3,072	37,707	SH		SOLE		37,707	0	0
NGP Capital Ressources Company	COM	62912R107	2,512	409,869	SH		DFND		0	409,869	0
Nike Inc. - B	COM	65410610	2,898	45,509	SH		SOLE		45,509	0	0
Nordstrom Inc.	COM	65566410	2,827	47,163	SH		SOLE		47,163	0	0
Novartis AG - ADR	COM	66987V109	2,832	40,057	SH		SOLE		40,057	0	0
NXP Semiconductors	COM	N6596X109	2,649	85,402	SH		SOLE		85,402	0	0
Occidental Petroleum Corp	COM	67459910	2,845	31,885	SH		SOLE		31,885	0	0
OFS Capital Corp.	COM	67103B100	2,497	209,839	SH		DFND		0	209,839	0
Onebeacon Insurance Group Ltd	COM	G67742109	1,084	74,889	SH		DFND		0	74,889	0
Patterson Companies, Inc.	COM	70339510	1,836	48,826	SH		DFND		0	48,826	0
Paychex, Inc.	COM	70432610	14,210	389,207	SH		SOLE		389,207	0	0
Peabody Energy Corp.	COM	70454910	264	18,058	SH		SOLE		18,058	0	0
PennantPark Floating Rate Capi	COM	70806A106	3,942	278,771	SH		DFND		0	278,771	0
PennantPark Investment Corp.	COM	70806210	11,775	1,065,636	SH		DFND		0	1,065,636	0
Pepco Holdings, Inc.	COM	71329110	18,806	932,852	SH		SOLE		932,852	0	0
Pepsico, Inc	COM	71344810	26,359	322,271	SH		SOLE		322,271	0	0
Pfizer Inc.	COM	71708110	19,961	712,655	SH		SOLE		712,655	0	0
Physical Palladium Shares - ET	COM	26923a106	333	5,149	SH		SOLE		5,149	0	0
Piedmont Natural Gas Co. Inc.	COM	72018610	2,535	75,135	SH		SOLE		75,135	0	0
PIMCO Intermediate Muni Bond E	COM	72201R866	218	4,210	SH		SOLE		4,210	0	0
Pioneer Natural Resources Co.	COM	72378710	388	2,682	SH		SOLE		2,682	0	0
Plum Creek Timber Co. Inc.	COM	72925110	20,948	448,853	SH		SOLE		448,853	0	0
Potash Corp. of Saskatchewan I	COM	73755L107	376	9,856	SH		SOLE		9,856	0	0
Potlatch Corp.	COM	73763010	301	7,452	SH		SOLE		7,452	0	0
Praxair Inc.	COM	74005P104	22,075	191,691	SH		SOLE		191,691	0	0
Procter & Gamble Company	COM	74271810	3,079	39,999	SH		SOLE		39,999	0	0
Progressive Corp.	COM	74331510	16,386	644,613	SH		SOLE		644,613	0	0
Prospect Capital Corp	COM	74348T102	456	42,202	SH		DFND		0	42,202	0
Rayonier Inc.	COM	75490710	21,835	394,197	SH		DFND		0	394,197	0
REIT Index - Vanguard	COM	92290855	33,054	480,997	SH		SOLE		480,997	0	0
Repsol S.A.	COM	76026T205	335	15,845	SH		SOLE		15,845	0	0
Ritchie Brothers Auctioneers I	COM	76774410	1,546	80,458	SH		DFND		0	80,458	0
RLI Corp.	COM	74960710	18,551	242,787	SH		DFND		0	242,787	0
Royal Dutch Shell PLC - Cl A	COM	78025920	545	8,543	SH		SOLE		8,543	0	0
Royal Gold, Inc.	COM	78028710	307	7,297	SH		SOLE		7,297	0	0
Russell 2000 Growth Index - iS	COM	46428764	4,648	41,679	SH		SOLE		41,679	0	0
Russell 2000 Value Index - iSh	COM	46428763	6,663	77,562	SH		SOLE		77,562	0	0
S&P 500 - SPDR	COM	78462F103	501	3,124	SH		SOLE		3,124	0	0
S&P 500 Growth Index - iShares	COM	46428730	430	5,116	SH		SOLE		5,116	0	0
S&P 500 Value Index - iShares	COM	46428740	657	8,665	SH		SOLE		8,665	0	0
Saratoga Investment Corporatio	COM	80349A208	247	14,085	SH		SOLE		14,085	0	0
Sigma-Aldrich Corp	COM	82655210	10,045	124,907	SH		SOLE		124,907	0	0
Silver Wheaton Corp.	COM	82833610	302	15,329	SH		SOLE		15,329	0	0
SM Energy Company	COM	78454L100	362	6,042	SH		SOLE		6,042	0	0
Snyders-Lance Inc	COM	83355110	594	20,897	SH		DFND		0	20,897	0
Soc Quimica Y Minera Chile (Ad	COM	83363510	316	7,829	SH		SOLE		7,829	0	0
Solar Capital, LTD.	COM	83413U100	8,612	372,988	SH		DFND		0	372,988	0
Solar Senior Capital Ltd.	COM	83416M105	2,693	146,272	SH		DFND		0	146,272	0
Southern Company	COM	84258710	21,992	498,347	SH		SOLE		498,347	0	0
Southwestern Energy Co.	COM	84546710	520	14,238	SH		SOLE		14,238	0	0
SPDR Intermediate Term Invest	COM	78464A375	4,318	128,574	SH		SOLE		128,574	0	0
SPDR Nuveen Barclays Capital M	COM	78464A458	1,285	56,222	SH		SOLE		56,222	0	0
SPDR Nuveen Barclays Capital S	COM	78464A425	1,240	51,899	SH		SOLE		51,899	0	0
Stellus Capital Investment	COM	85856810	3,211	213,347	SH		DFND		0	213,347	0
Stryker Corp.	COM	86366710	5,293	81,836	SH		SOLE		81,836	0	0
T. Rowe Price Group, Inc.	COM	74144T108	2,807	38,354	SH		SOLE		38,354	0	0
TCP Capital Corp	COM	87238Q103	7,649	456,138	SH		DFND		0	456,138	0
Techne Corp.	COM	87837710	1,130	16,364	SH		DFND		0	16,364	0
The Clorox Company	COM	18905410	2,744	33,004	SH		SOLE		33,004	0	0
The Coca-Cola Company	COM	19121610	382	9,519	SH		SOLE		9,519	0	0
The Mosaic Company	COM	61945C103	405	7,519	SH		SOLE		7,519	0	0
The Scotts Miracle-Gro Company	COM	81018610	936	19,374	SH		SOLE		19,374	0	0
Thermo Fisher Scientific, Inc.	COM	88355610	9,845	116,327	SH		SOLE		116,327	0	0
Thermon Group Holdings Inc	COM	88362T103	1,226	60,085	SH		DFND		0	60,085	0
THL Credit	COM	87243810	10,770	709,030	SH		DFND		0	709,030	0
TICC Capital Corp.	COM	87244T109	1,965	204,301	SH		DFND		0	204,301	0
TJX Companies	COM	87254010	8,727	174,324	SH		SOLE		174,324	0	0
Total SA - ADR	COM	89151E109	417	8,559	SH		SOLE		8,559	0	0
Triangle Capital Corp	COM	89584810	7,354	267,312	SH		DFND		0	267,312	0
United Technologies Corp.	COM	91301710	10,891	117,181	SH		SOLE		117,181	0	0
Uranium Energy Corp.	COM	91689610	174	97,446	SH		SOLE		97,446	0	0
Vanguard Equity-Inco	COM	92192130	249	4,328	SH		SOLE		4,328	0	0
Vanguard Interm Term Corp Bond	COM	92206C870	4,446	53,553	SH		SOLE		53,553	0	0
Vanguard MSCI Emerging Markets	COM	92204285	8,255	212,797	SH		SOLE		212,797	0	0
Vanguard Short-Term Corp Bond	COM	92206C409	2,903	36,694	SH		SOLE		36,694	0	0
Varian Medical Systems Inc.	COM	92220P105	604	8,949	SH		SOLE		8,949	0	0
VCA Antech Inc.	COM	91819410	1,268	48,596	SH		DFND		0	48,596	0
Vocera Communications Inc.	COM	92857F107	1,223	83,200	SH		DFND		0	83,200	0
W.R. Berkley Corp	COM	8442310	10,162	248,696	SH		SOLE		248,696	0	0
W.W. Grainger, Inc.	COM	38480210	3,335	13,226	SH		SOLE		13,226	0	0
Wal-Mart Stores Inc.	COM	93114210	2,748	36,886	SH		SOLE		36,886	0	0
Walter Energy, Inc.	COM	93317Q105	126	12,122	SH		SOLE		12,122	0	0
Waters Corp.	COM	94184810	10,044	100,391	SH		SOLE		100,391	0	0
Wells Fargo & Company	COM	94974610	8,787	212,925	SH		SOLE		212,925	0	0
West Pharmaceutical Services,	COM	95530610	1,381	19,658	SH		DFND		0	19,658	0
Weyerhaeuser Co.	COM	96216610	526	18,468	SH		SOLE		18,468	0	0
Willis Group Hldg	COM	G96666105	19,269	472,511	SH		SOLE		472,511	0	0
Yamana Gold, Inc.	COM	98462Y100	349	36,656	SH		SOLE		36,656	0	0
Zebra Technologies Corp.	COM	98920710	1,509	34,737	SH		DFND		0	34,737	0