Latest OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC Stock Portfolio

OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC Performance:

2025 Q4: 1.6%YTD: 13.39%2024: 6.49%

Performance for 2025 Q4 is 1.6%, and YTD is 13.39%, and 2024 is 6.49%.

About OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC and 13F Hedge Fund Stock Holdings

OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC is a hedge fund based in SAN FRANCISCO, CA. On 20-Apr-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $2 Billions. In it's latest 13F Holdings report, OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC reported an equity portfolio of $1.9 Billions as of 31 Dec, 2025.

The top stock holdings of OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC are VEU, AAPL, MSFT. The fund has invested 7% of it's portfolio in VANGUARD INTL EQUITY INDEX F and 4% of portfolio in APPLE INC.

The fund managers got completely rid off LKQ CORP (LKQ), CENTENE CORP DEL (CNC) and BRISTOL-MYERS SQUIBB CO (BMY) stocks. They significantly reduced their stock positions in KIMBERLY-CLARK CORP (KMB), AMERICAN TOWER CORP NEW (AMT) and SHELL PLC. OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC opened new stock positions in UNITEDHEALTH GROUP INC (UNH), TREX CO INC (TREX) and MICRON TECHNOLOGY INC (MU). The fund showed a lot of confidence in some stocks as they added substantially to NIKE INC (NKE), LAM RESEARCH CORP (LRCX) and ISHARES TR (IJR).

OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC Annual Return Estimates Vs S&P 500

Our best estimate is that OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC made a return of 1.6% in the last quarter. In trailing 12 months, it's portfolio return was 13.39%.

Performance
S&P 500

New Buys

Ticker	$ Bought
unitedhealth group inc	8,253,410
trex co inc	5,256,250
micron technology inc	516,592
schwab strategic tr	355,212
invesco exch traded fd tr ii	216,090
vanguard admiral fds inc	214,675
intel corp	203,430
fedex corp	200,979

New stocks bought by OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC

Additions

Ticker	% Inc.
nike inc	100
lam research corp	99.95
ishares tr	47.11
mercadolibre inc	23.46
trip com group ltd	21.93
ishares tr	19.9
global x fds	13.56
block inc	11.03

Additions to existing portfolio by OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC

Reductions

Ticker	% Reduced
kimberly-clark corp	-90.29
american tower corp new	-84.34
shell plc	-39.85
las vegas sands corp	-39.00
mcdonalds corp	-34.66
pfizer inc	-27.83
alphabet inc	-23.88
schwab charles corp	-21.12

OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC reduced stake in above stock

Sold off

Ticker	$ Sold
dentsply sirona inc	-3,680,710
lkq corp	-8,237,770
centene corp del	-8,199,740
playstudios inc	-139,625
bristol-myers squibb co	-3,756,380
kenvue inc	-706,005
fortive corp	-2,035,780
ellington financial inc	-286,534

OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC got rid off the above stocks

Sector Distribution

OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC has about 47.6% of it's holdings in Others sector.

Sector	%
Others	47.6
Technology	15.6
Consumer Cyclical	8.9
Communication Services	5.9
Healthcare	4.7
Financial Services	4.4
Industrials	4.2
Energy	2.9
Consumer Defensive	2.9
Basic Materials	1.7
Real Estate	1.1

Market Cap. Distribution

OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC has about 49.4% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	47.6
MEGA-CAP	25.8
LARGE-CAP	23.6
MID-CAP	2.6

Stocks belong to which Index?

About 46.2% of the stocks held by OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	53.3
S&P 500	46.2

Top 5 Winners (%)		%
LLY	eli lilly & co	40.8 %
AMD	advanced micro devices inc	32.0 %
FCX	freeport-mcmoran inc	29.4 %
GOOG	alphabet inc	26.9 %
AMAT	applied matls inc	25.5 %

Top 5 Winners ($)		$
GOOG	alphabet inc	9.2 M
GOOG	alphabet inc	7.3 M
AMD	advanced micro devices inc	5.8 M
AAPL	apple inc	5.0 M
VEU	vanguard intl equity index f	4.1 M

Top 5 Losers (%)		%
ORCL	oracle corp	-30.3 %
POOL	pool corp	-25.9 %
	nice ltd	-21.8 %
AZO	autozone inc	-20.0 %
BABA	alibaba group hldg ltd	-17.7 %

Top 5 Losers ($)		$
MSFT	microsoft corp	-4.7 M
BABA	alibaba group hldg ltd	-3.5 M
POOL	pool corp	-3.0 M
LNG	cheniere energy inc	-3.0 M
MELI	mercadolibre inc	-2.9 M

OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC

OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC has 196 stocks in it's portfolio. About 29.7% of the portfolio is in top 10 stocks. MSFT proved to be the most loss making stock for the portfolio. GOOG was the most profitable stock for OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC last quarter.

Last Reported on: 27 Jan, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAAU	goldman sachs physical gold	0.62	281,522	11,978,800	reduced	-2.94

AAPL	apple inc	3.98	284,356	77,305,000	reduced	-3.35

AAXJ	ishares tr	0.48	138,020	9,265,280	reduced	-0.54

AAXJ	ishares tr	0.03	6,985	498,799	reduced	-20.62

AAXJ	ishares tr	0.01	16,385	269,206	unchanged	0.00

ABBV	abbvie inc	0.14	11,695	2,672,190	reduced	-5.00

ABM	abm inds inc	0.02	10,900	461,070	unchanged	0.00

ABT	abbott labs	0.70	107,904	13,519,300	reduced	-0.7

ACWF	ishares tr	1.47	565,427	28,599,300	added	5.71

ACWF	ishares tr	0.02	5,060	359,159	unchanged	0.00

ACWV	ishares inc	1.16	393,201	22,424,300	reduced	-2.7

ADP	automatic data processing in	0.68	51,187	13,166,800	reduced	-0.65

AFK	vaneck etf trust	0.01	1,956	253,546	unchanged	0.00

AGGP	new york life investments et	1.01	547,571	19,597,600	added	0.05

AGNG	global x fds	1.43	609,314	27,797,200	reduced	-2.19

AGNG	global x fds	0.02	4,247	304,892	added	13.56

AGT	ishares tr	0.76	150,648	14,838,800	reduced	-1.42

AGT	ishares tr	0.03	4,082	608,136	added	3.42

AGZD	wisdomtree tr	0.68	513,243	13,241,700	added	0.18

AL	air lease corp	0.23	70,375	4,520,200	reduced	-5.14