OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC
Long book
$1.89B
Q1 2026
Positions
197
Top-10 weight
30%
concentration
Last quarter
+11.9%
SPY +14.8%
Turnover
10%
of book per quarter
Strategy in plain words
auto-generated from filingsOSBORNE PARTNERS CAPITAL MANAGEMENT, LLC is an institutional manager, running a $1.89B US long book across 197 positions.
The portfolio is moderately concentrated (top 10 ≈ 30% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: VANGUARD FTSE ALL-WORLD EX-U, APPLE INC, VANGUARD FTSE EMERGING MARKE, MICROSOFT CORP, ISHARES MSCI JAPAN ETF.
Over the last 9 quarters its long book ran on average 1.2pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+0.2%
Q2 2024
+6.6%
Q3 2024
-2.4%
Q4 2024
-0.2%
Q1 2025
+7.3%
Q2 2025
+6.1%
Q3 2025
+2.5%
Q4 2025
-2.6%
Q1 2026
+11.9%
Sector allocation
Technology 40%
Services media 11%
Consumer discretionary 10%
Financials 9%
Other 7%
Industrials 6%
Healthcare 5%
Energy 5%
Long book by quarter
What does OSBORNE PARTNERS own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 283.1K | $71.9M | 3.8% | -0.4% |
| MSFT MICROSOFT CORP | Technology | 155.9K | $57.7M | 3.1% | +16.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 179.0K | $37.3M | 2.0% | +27.6% |
| GOOG ALPHABET INC-CL C | Technology | 119.7K | $34.3M | 1.8% | -1.1% |
| NVDA NVIDIA CORP | Technology | 186.8K | $32.6M | 1.7% | -5.2% |
| JPM JPMORGAN CHASE & CO | Financials | 110.7K | $32.6M | 1.7% | +0.1% |
| GOOGL ALPHABET INC-CL A | Technology | 94.2K | $27.1M | 1.4% | +4.4% |
| PANW PALO ALTO NETWORKS INC | Technology | 140.7K | $22.6M | 1.2% | +30.0% |
| AMD ADVANCED MICRO DEVICES | Technology | 107.4K | $21.8M | 1.2% | -1.3% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 44.0K | $21.6M | 1.1% | +25.0% |
| BWA BORGWARNER INC | Industrials | 348.6K | $18.9M | 1.0% | -4.6% |
| DHR DANAHER CORP | Technology | 99.1K | $18.8M | 1.0% | +1.4% |
| MELI MERCADOLIBRE INC | Services media | 9.9K | $17.2M | 0.9% | -1.5% |
| XOM EXXON MOBIL CORP | Energy | 101.2K | $17.2M | 0.9% | -0.3% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 34.6K | $16.6M | 0.9% | -0.7% |
| META META PLATFORMS INC-CLASS A | Technology | 28.7K | $16.4M | 0.9% | +0.8% |
| WMT WALMART INC | Consumer discretionary | 123.1K | $15.3M | 0.8% | -8.0% |
| XYZ BLOCK INC | Technology | 239.8K | $14.4M | 0.8% | +4.2% |
| CRM SALESFORCE INC | Technology | 75.8K | $14.1M | 0.7% | +13.7% |
| MRSH MARSH & MCLENNAN COS | Financials | 80.9K | $14.0M | 0.7% | +2.6% |
| V VISA INC-CLASS A SHARES | Services media | 46.2K | $14.0M | 0.7% | +3.7% |
| APD AIR PRODUCTS & CHEMICALS INC | Materials | 45.8K | $13.3M | 0.7% | +0.5% |
| MGM MGM RESORTS INTERNATIONAL | Services media | 344.1K | $12.7M | 0.7% | +0.4% |
| SLB SLB LTD | Energy | 242.5K | $12.5M | 0.7% | +0.7% |
| KMI KINDER MORGAN INC | Utilities | 363.7K | $12.2M | 0.6% | -0.9% |
| PSX PHILLIPS 66 | Energy | 66.3K | $12.1M | 0.6% | -2.1% |
| DIS WALT DISNEY CO/THE | Services media | 124.9K | $12.0M | 0.6% | +4.4% |
| TTWO TAKE-TWO INTERACTIVE SOFTWRE | Technology | 59.6K | $11.8M | 0.6% | +1.8% |
| ABT ABBOTT LABORATORIES | Healthcare | 112.5K | $11.6M | 0.6% | +4.3% |
| NXPI NXP SEMICONDUCTORS NV | Technology | 58.0K | $11.4M | 0.6% | +1.7% |
| PLNT PLANET FITNESS INC - CL A | Services media | 152.2K | $11.3M | 0.6% | +110.6% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 10.7K | $10.6M | 0.6% | -14.3% |
| PG PROCTER & GAMBLE CO/THE | Other | 70.8K | $10.2M | 0.5% | -0.2% |
| POOL POOL CORP | Consumer discretionary | 50.0K | $10.1M | 0.5% | +33.0% |
| ZGN ERMENEGILDO ZEGNA NV | Other | 942.5K | $9.8M | 0.5% | +34.8% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 7.4K | $9.8M | 0.5% | -0.9% |
| CZR CAESARS ENTERTAINMENT INC | Services media | 366.6K | $9.7M | 0.5% | +0.6% |
| PEP PEPSICO INC | Consumer staples | 62.0K | $9.6M | 0.5% | -0.5% |
| LOW LOWE'S COS INC | Consumer discretionary | 39.8K | $9.4M | 0.5% | +1.4% |
| LVS LAS VEGAS SANDS CORP | Services media | 170.4K | $9.2M | 0.5% | -26.9% |
| NOW SERVICENOW INC | Technology | 87.1K | $9.1M | 0.5% | New |
| CVS CVS HEALTH CORP | Healthcare | 124.5K | $8.9M | 0.5% | +3.9% |
| NKE NIKE INC -CL B | Other | 168.7K | $8.9M | 0.5% | -0.3% |
| ADP AUTOMATIC DATA PROCESSING | Technology | 43.6K | $8.8M | 0.5% | -14.9% |
| BKNG BOOKING HOLDINGS INC | Industrials | 2.0K | $8.6M | 0.5% | -0.9% |
| CBRE CBRE GROUP INC - A | Real estate | 58.9K | $8.0M | 0.4% | +2.0% |
| TREX TREX COMPANY INC | Other | 208.1K | $7.6M | 0.4% | +38.9% |
| NFLX NETFLIX INC | Services media | 76.0K | $7.3M | 0.4% | New |
| ESTC ELASTIC NV | Technology | 143.1K | $7.2M | 0.4% | +78.8% |
| UNH UNITEDHEALTH GROUP INC | Financials | 26.0K | $7.0M | 0.4% | +4.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 27, 2026 | 197 | $1.89B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 27, 2026 | 196 | $1.94B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 30, 2025 | 206 | $1.97B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 205 | $1.88B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 21, 2025 | 212 | $1.73B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 24, 2025 | 218 | $1.73B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 23, 2024 | 221 | $1.76B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 22, 2024 | 218 | $1.67B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 25, 2024 | 201 | $1.62B | canonical | SEC ↗ |
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