OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC

CIK

1005607

Location

SAN FRANCISCO, CA

Portfolio Value

Mid $1,037,847,911

Diversification

Diversified

Filing Date

Global Rank

#1,723 / 8,622 ▼ 30 · as of Mar 2026

Top Industry

Software - Infrastructure 9.6%

3Y Alpha vs SPY

-5.8%

Period ended 4 months ago

Filed Apr 27, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+44.8%

SPY

+67.9%

Annualised alpha

-5.7%

Max drawdown

−18.0%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

130 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

6.9%

+0.1 pts

Top 5

22.4%

+0.4 pts

Top 10

33.1%

+1.0 pts

HHI

203

Diversified+4

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	29.1%	$301,570,041	25
Consumer Cyclical	19.4%	$201,592,160	20
Healthcare	9.3%	$96,615,432	14
Financial Services	9.3%	$96,518,628	14
Communication Services	7.2%	$75,083,988	7
Industrials	6.2%	$63,963,111	18
Energy	6.1%	$62,823,343	7
Consumer Defensive	5.5%	$57,543,773	7
Unclassified	3.7%	$38,068,822	5
Basic Materials	2.3%	$23,494,392	7
Real Estate	1.9%	$19,277,210	4
Utilities	0.1%	$1,297,011	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
ZGN	Ermenegildo Zegna N.V.	+243,137	942,458	$9,820,412
PLNT	Planet Fitness, Inc.	+79,915	152,197	$11,320,412
ESTC	Elastic N.V.	+63,105	143,144	$7,155,768
TREX	Trex Co Inc	+58,300	208,136	$7,580,313
AMZN	Amazon Com Inc	+38,683	178,994	$37,279,080
PANW	Palo Alto Networks Inc	+32,501	140,725	$22,561,032
MSFT	Microsoft Corp	+21,657	155,924	$57,718,387
POOL	Pool Corp	+12,422	50,045	$10,125,604
XYZ	Block, Inc.	+9,683	239,829	$14,432,909
CRM	Salesforce, Inc.	+9,133	75,771	$14,144,172
TMO	Thermo Fisher Scientific Inc.	+8,793	43,966	$21,610,607
BABA	Alibaba Group Holding Ltd	+8,082	115,896	$14,540,312
APO	Apollo Global Management, Inc.	+7,667	37,339	$4,160,311
DIS	Walt Disney Co	+5,311	124,909	$12,038,729
CVS	CVS HEALTH Corp	+4,633	124,492	$8,941,015
ABT	Abbott Laboratories	+4,596	112,500	$11,550,375
GOOGL	Alphabet Inc.	+3,965	94,183	$27,083,263
TCOM	Trip.com Group Ltd	+3,879	179,699	$8,947,213
CZR	Caesars Entertainment, Inc.	+2,191	366,640	$9,690,295
MRSH	Marsh & Mclennan Companies, Inc.	+2,066	80,882	$14,028,982
SLB	Slb Limited/Nv	+1,732	242,469	$12,460,481
V	Visa Inc.	+1,666	46,217	$13,968,626
MGM	MGM Resorts International	+1,404	344,057	$12,733,549
DHR	Danaher Corp /De/	+1,368	99,069	$18,783,482
CBRE	Cbre Group, Inc.	+1,133	58,884	$7,976,426
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
BUSE	First Busey Corp /Nv/	−150,924	210,214	$5,312,107
AAAU	Goldman Sachs Physical Gold ETF	−109,182	172,340	$7,960,384
WSC	WillScot Holdings Corp	−63,223	300,098	$5,209,701
LVS	Las Vegas Sands Corp	−62,843	170,370	$9,179,535
IAU	Ishares Gold Trust	−55,470	120,637	$10,635,357
RTX	RTX Corp	−51,834	2,310	$445,599
LNG	Cheniere Energy, Inc.	−51,646	21,794	$6,184,265
UNP	Union Pacific Corp	−43,688	15,303	$3,712,813
VMC	Vulcan Materials CO	−35,234	3,605	$981,641
FCX	Freeport-Mcmoran Inc	−34,895	56,435	$3,317,249
PFE	Pfizer Inc	−26,270	108,581	$3,048,954
KEYS	Keysight Technologies, Inc.	−17,807	24,829	$7,010,964
BWA	Borgwarner Inc	−16,876	348,616	$18,915,904
WMT	Walmart Inc.	−10,732	123,089	$15,297,500
NVDA	Nvidia Corp	−10,250	186,766	$32,571,990
CUK	CARNIVAL PLC	−8,771	549,495	$14,160,486
ADP	Automatic Data Processing Inc	−7,630	43,557	$8,849,911
KMI	Kinder Morgan, Inc.	−3,136	363,682	$12,194,257
PM	Philip Morris International Inc.	−2,044	40,000	$6,613,600
COST	Costco Wholesale Corp /New	−1,771	10,656	$10,617,958
ECL	Ecolab Inc.	−1,550	878	$233,565
AL	SUMISHO AIR LEASE CORP	−1,515	68,860	$4,471,768
PSX	Phillips 66	−1,435	66,252	$12,069,789
SHEL	Shell plc	−1,400	4,615	$429,195
AMD	Advanced Micro Devices Inc	−1,363	107,387	$21,845,737
No positions match the current search.

New Positions

Positions the filer opened this quarter

6 positions

Ticker	Company	Shares	Value
NOW	ServiceNow, Inc.	87,101	$9,106,409
NFLX	Netflix Inc	76,007	$7,308,073
URI	United Rentals, Inc.	8,768	$6,388,014
BSX	Boston Scientific Corp	82,511	$5,177,565
VZ	Verizon Communications Inc	4,290	$215,358
LH	Labcorp Holdings Inc.	768	$204,910
No positions match the current search.

Sold Out

Positions the filer fully exited

8 positions

Ticker	Company	Shares	Value
NICE	NICE Ltd.	77,760	$8,789,990
GPN	Global Payments Inc	103,651	$8,022,587
WDAY	Workday, Inc.	27,043	$5,808,295
YUMC	Yum China Holdings, Inc.	17,900	$854,546
RAL	Ralliant Corp	13,150	$669,466
OHI	Omega Healthcare Investors Inc	13,055	$578,858
GIS	General Mills Inc	4,500	$209,250
KMB	Kimberly Clark Corp	2,000	$201,780
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

130 tracked positions · $1,037,847,911 total · filing declares 197 positions · $1,891,301,322 · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 130 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AAPL	Apple Inc. Technology	Reduced	283,118	-1,238	$71,852,517	−7.1%	6.92%
MSFT	Microsoft Corp Technology	Added	155,924	+21,657	$57,718,387	−11.1%	5.56%
AMZN	Amazon Com Inc Consumer Cyclical	Added	178,994	+38,683	$37,279,080	+15.1%	3.59%
NVDA	Nvidia Corp Technology	Reduced	186,766	-10,250	$32,571,990	−11.4%	3.14%
JPM	Jpmorgan Chase & Co Financial Services	Added	110,719	+145	$32,569,101	−8.6%	3.14%
GOOGL	Alphabet Inc. Communication Services	Added	94,183	+3,965	$27,083,263	−4.1%	2.61%
PANW	Palo Alto Networks Inc Technology	Added	140,725	+32,501	$22,561,032	+13.2%	2.17%
AMD	Advanced Micro Devices Inc Technology	Reduced	107,387	-1,363	$21,845,737	−6.2%	2.10%
TMO	Thermo Fisher Scientific Inc. Healthcare	Added	43,966	+8,793	$21,610,607	+6.0%	2.08%
BWA	Borgwarner Inc Consumer Cyclical	Reduced	348,616	-16,876	$18,915,904	+14.9%	1.82%
DHR	Danaher Corp /De/ Healthcare	Added	99,069	+1,368	$18,783,482	−16.0%	1.81%
MELI	Mercadolibre Inc Consumer Cyclical	Reduced	9,946	-149	$17,196,832	−15.4%	1.66%
XOM	ExxonMobil Holdings Corp Energy	Reduced	101,224	-332	$17,173,663	+40.5%	1.65%
SPY	Spdr S&P 500 ETF Trust	Added	25,758	+617	$16,751,457	−2.3%	1.61%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	34,620	-244	$16,589,904	−5.3%	1.60%
META	Meta Platforms, Inc. Communication Services	Added	28,713	+231	$16,427,568	−12.6%	1.58%
WMT	Walmart Inc. Consumer Defensive	Reduced	123,089	-10,732	$15,297,500	+2.6%	1.47%
BABA	Alibaba Group Holding Ltd Consumer Cyclical	Added	115,896	+8,082	$14,540,312	−8.0%	1.40%
XYZ	Block, Inc. Technology	Added	239,829	+9,683	$14,432,909	−3.7%	1.39%
CUK	CARNIVAL PLC Consumer Cyclical	Reduced	549,495	-8,771	$14,160,486	−16.4%	1.36%
CRM	Salesforce, Inc. Technology	Added	75,771	+9,133	$14,144,172	−19.9%	1.36%
MRSH	Marsh & Mclennan Companies, Inc. Financial Services	Added	80,882	+2,066	$14,028,982	−4.1%	1.35%
V	Visa Inc. Financial Services	Added	46,217	+1,666	$13,968,626	−10.6%	1.35%
APD	Air Products & Chemicals, Inc. Basic Materials	Added	45,764	+248	$13,293,984	+18.2%	1.28%
MGM	MGM Resorts International Consumer Cyclical	Added	344,057	+1,404	$12,733,549	+1.8%	1.23%
SLB	Slb Limited/Nv Energy	Added	242,469	+1,732	$12,460,481	+34.9%	1.20%
KMI	Kinder Morgan, Inc. Energy	Reduced	363,682	-3,136	$12,194,257	+20.9%	1.17%
PSX	Phillips 66 Energy	Reduced	66,252	-1,435	$12,069,789	+38.2%	1.16%
DIS	Walt Disney Co Communication Services	Added	124,909	+5,311	$12,038,729	−11.5%	1.16%
TTWO	Take Two Interactive Software Inc Communication Services	Added	59,572	+1,055	$11,765,470	−21.5%	1.13%
RYAAY	Ryanair Holdings PLC Industrials	Reduced	201,338	-524	$11,637,336	−20.1%	1.12%
ABT	Abbott Laboratories Healthcare	Added	112,500	+4,596	$11,550,375	−14.6%	1.11%
NXPI	NXP Semiconductors N.V. Technology	Added	58,014	+952	$11,420,636	−7.8%	1.10%
PLNT	Planet Fitness, Inc. Consumer Cyclical	Added	152,197	+79,915	$11,320,412	+44.4%	1.09%
IAU	Ishares Gold Trust	Reduced	120,637	-55,470	$10,635,357	−25.6%	1.02%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	10,656	-1,771	$10,617,958	−0.9%	1.02%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	70,820	-111	$10,229,240	+0.6%	0.99%
POOL	Pool Corp Industrials	Added	50,045	+12,422	$10,125,604	+17.7%	0.98%
ZGN	Ermenegildo Zegna N.V. Consumer Cyclical	Added	942,458	+243,137	$9,820,412	+37.0%	0.95%
ASML	Asml Holding NV Technology	Reduced	7,403	-71	$9,778,104	+22.3%	0.94%
CZR	Caesars Entertainment, Inc. Consumer Cyclical	Added	366,640	+2,191	$9,690,295	+13.7%	0.93%
PEP	Pepsico Inc Consumer Defensive	Reduced	62,048	-331	$9,635,433	+7.6%	0.93%
LOW	Lowes Companies Inc Consumer Cyclical	Added	39,784	+553	$9,400,163	−0.6%	0.91%
LVS	Las Vegas Sands Corp Consumer Cyclical	Reduced	170,370	-62,843	$9,179,535	−39.5%	0.88%
NOW	ServiceNow, Inc. Technology	NEW	87,101	NEW	$9,106,409	NEW	0.88%
TCOM	Trip.com Group Ltd Consumer Cyclical	Added	179,699	+3,879	$8,947,213	−29.2%	0.86%
CVS	CVS HEALTH Corp Healthcare	Added	124,492	+4,633	$8,941,015	−6.0%	0.86%
NKE	NIKE, Inc. Consumer Cyclical	Reduced	168,717	-431	$8,911,631	−17.3%	0.86%
ADP	Automatic Data Processing Inc Technology	Reduced	43,557	-7,630	$8,849,911	−32.8%	0.85%
BKNG	Booking Holdings Inc. Consumer Cyclical	Reduced	2,048	-19	$8,622,735	−22.1%	0.83%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.