Latest OSTERWEIS CAPITAL MANAGEMENT INC Stock Portfolio

OSTERWEIS CAPITAL MANAGEMENT INC Performance:

2025 Q4: 3.1%YTD: 10.95%2024: 14.31%

Performance for 2025 Q4 is 3.1%, and YTD is 10.95%, and 2024 is 14.31%.

About OSTERWEIS CAPITAL MANAGEMENT INC and 13F Hedge Fund Stock Holdings

On 2026-02-17, the fund reported it's updated stock portfolio. In the 13F Holdings report, OSTERWEIS CAPITAL MANAGEMENT INC reported an equity portfolio of $2.4 Billions as of 31 Dec, 2025.

The top stock holdings of OSTERWEIS CAPITAL MANAGEMENT INC are GOOG, MSFT, AMZN. The fund has invested 4.8% of it's portfolio in ALPHABET INC and 3.6% of portfolio in MICROSOFT CORP.

The fund managers got completely rid off TREX CO INC (TREX), CLEARWATER ANALYTICS HLDGS I (CWAN) and RUBRIK INC. stocks. They significantly reduced their stock positions in DUTCH BROS INC (BROS), MONDELEZ INTL INC (MDLZ) and FISERV INC. OSTERWEIS CAPITAL MANAGEMENT INC opened new stock positions in US FOODS HLDG CORP (USFD), NVR INC (NVR) and NOVANTA INC (NOVT). The fund showed a lot of confidence in some stocks as they added substantially to MACOM TECH SOLUTIONS HLDGS I (MTSI), AMPRIUS TECHNOLOGIES INC (AMPX) and CHIME FINL INC.

OSTERWEIS CAPITAL MANAGEMENT INC Annual Return Estimates Vs S&P 500

Our best estimate is that OSTERWEIS CAPITAL MANAGEMENT INC made a return of 3.1% in the last quarter. In trailing 12 months, it's portfolio return was 10.95%.

Performance
S&P 500

New Buys

Ticker	$ Bought
bentley sys inc	75,661,900
marriott vacations worldwide	70,925,800
us foods hldg corp	29,490,500
nvr inc	19,143,500
novanta inc	12,100,700
huron consulting group inc	8,413,800
vse corp	8,372,430
twist bioscience corp	8,148,170

New stocks bought by OSTERWEIS CAPITAL MANAGEMENT INC

Additions

Ticker	% Inc.
enphase energy inc	585
macom tech solutions hldgs i	299
amprius technologies inc	142
chime finl inc	120
uber technologies inc	114
silicon motion technology co	48.41
life time group holdings inc	46.12
vital farms inc	45.03

Additions to existing portfolio by OSTERWEIS CAPITAL MANAGEMENT INC

Reductions

Ticker	% Reduced
dutch bros inc	-99.44
mondelez intl inc	-66.56
jbt marel corporation	-57.89
fiserv inc	-56.89
agilysys inc	-48.47
marriott intl inc new	-46.47
sitime corp	-46.36
illinois tool wks inc	-42.67

OSTERWEIS CAPITAL MANAGEMENT INC reduced stake in above stock

Sold off

Ticker	$ Sold
fiverr intl ltd	-59,011,800
dexcom inc	-54,132,100
redfin corp	-27,412,400
jamf hldg corp	-11,159,200
ford mtr co	-3,048,000
clearwater analytics hldgs i	-8,045,750
adma biologics inc	-4,530,390
trex co inc	-10,090,900

OSTERWEIS CAPITAL MANAGEMENT INC got rid off the above stocks

Sector Distribution

OSTERWEIS CAPITAL MANAGEMENT INC has about 25.7% of it's holdings in Technology sector.

Sector	%
Technology	25.7
Industrials	12.4
Financial Services	12.1
Healthcare	11.3
Consumer Cyclical	9.2
Others	9
Communication Services	7.9
Real Estate	3.8
Consumer Defensive	3
Utilities	2.3
Basic Materials	2

Market Cap. Distribution

OSTERWEIS CAPITAL MANAGEMENT INC has about 78.1% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	44.8
MEGA-CAP	33.3
MID-CAP	9.9
UNALLOCATED	9
SMALL-CAP	3

Stocks belong to which Index?

About 80.4% of the stocks held by OSTERWEIS CAPITAL MANAGEMENT INC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	65.1
Others	19.6
RUSSELL 2000	15.3

Top 5 Winners (%)		%
MU	micron technology inc	70.6 %
GH	guardant health inc	51.8 %
LLY	eli lilly & co	39.5 %
RIVN	rivian automotive inc	34.3 %
GKOS	glaukos corp	33.0 %

Top 5 Winners ($)		$
GOOG	alphabet inc	28.1 M
LLY	eli lilly & co	14.5 M
AMAT	applied matls inc	8.8 M
GH	guardant health inc	7.0 M
DHR	danaher corporation	6.6 M

Top 5 Losers (%)		%
	newsmax inc	-37.7 %
	fiserv inc	-34.3 %
ORCL	oracle corp	-30.3 %
	ishares ethereum tr	-28.8 %
POOL	pool corp	-26.2 %

Top 5 Losers ($)		$
AZO	autozone inc	-10.3 M
MSFT	microsoft corp	-6.3 M
BRO	brown & brown inc	-6.0 M
APD	air prods & chems inc	-3.8 M
FSV	firstservice corp new	-3.4 M

OSTERWEIS CAPITAL MANAGEMENT INC Holdings Map

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

Current Stock Holdings of OSTERWEIS CAPITAL MANAGEMENT INC

OSTERWEIS CAPITAL MANAGEMENT INC has 272 stocks in it's portfolio. About 25.7% of the portfolio is in top 10 stocks. AZO proved to be the most loss making stock for the portfolio. GOOG was the most profitable stock for OSTERWEIS CAPITAL MANAGEMENT INC last quarter.

Last Reported on: 17 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
A	agilent technologies inc	0.00	324	44,087	unchanged	0.00

AAPL	apple inc	0.53	45,788	12,447,900	reduced	-4.01

AB	alliancebernstein hldg l p	0.00	2,124	81,732	new

ABBV	abbvie inc	0.04	3,751	857,066	added	0.46

ABNB	airbnb inc	3.22	76,750,000	76,136,000	added	8.48

ABNB	airbnb inc	0.01	1,715	232,760	unchanged	0.00

ABT	abbott labs	0.02	3,352	419,972	added	3.3

ADBE	adobe inc	0.00	176	61,598	reduced	-1.12

ADI	analog devices inc	1.74	151,936	41,205,000	reduced	-3.11

ADMA	adma biologics inc	0.00	0.00	0.00	sold off	-100

ADP	automatic data processing in	0.00	185	47,588	reduced	-32.48

ADSK	autodesk inc	0.17	14,000	4,144,140	unchanged	0.00

AEE	ameren corp	0.00	0.00	0.00	sold off	-100

AEM	agnico eagle mines ltd	0.00	591	100,192	new

AEP	american elec pwr co inc	0.00	0.00	0.00	sold off	-100

AFRM	affirm hldgs inc	0.15	46,209	3,439,340	reduced	-27.25

AGYS	agilysys inc	0.20	39,420	4,684,670	reduced	-48.47

AIR	aar corp	0.00	0.00	0.00	sold off	-100

AJG	gallagher arthur j & co	0.00	197	50,982	unchanged	0.00

ALGN	align technology inc	0.00	211	32,948	unchanged	0.00