Osborne Partners Capital Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 21, 2025), Osborne Partners Capital Management, LLC reported 212 stock positions worth $1.7 billion. Its top holding was Vanguard Ftse All-World Ex-U (VEU) at 7.3% of the portfolio, followed by Apple (AAPL, 3.8%) and Vanguard Ftse Emerging Marke (VWO, 3.1%). Compared with Q4 2024, it opened 6 new positions, sold out of 12, added to 72 and reduced 86. The biggest buy was Vanguard Ftse All-World Ex-U (VEU, shares +1%) and the biggest sale an exit from KKR (KKR).
- Most Recent 13F
- Q2 2026
- Location
- SAN FRANCISCO, CA
- CIK
- 0001005607
- Portfolio Value
- $1.7B (Q1 2025)
- SEC Filing
- 0001005607-25-000005 ↗ filed Apr 21, 2025
Holdings Value
Holdings 212 stocks · $1.7B
| VEU Vanguard Ftse All-World Ex-U | 7.26% | 2,077,105 | $126.0M | Add +1.0% |
| AAPL Apple Inc. | 3.84% | 299,989 | $66.6M | Add +8.8% |
| VWO Vanguard Ftse Emerging Marke | 3.08% | 1,181,497 | $53.5M | Add +1.4% |
| MSFT Microsoft Corp. | 3.08% | 142,281 | $53.4M | Reduce -3.1% |
| VNQ Vanguard Real Estate ETF | 2.16% | 413,208 | $37.4M | Add +3.1% |
| EWJ iShares MSCI Japan ETF | 2.00% | 506,573 | $34.7M | Add +2.5% |
| VGK Vanguard Ftse Europe ETF | 1.99% | 491,742 | $34.5M | Reduce -1.0% |
| ICSH iShares Ultra Short Duration | 1.96% | 669,485 | $33.9M | Add +16.6% |
| RWX State Street SPDR Dow Jones | 1.86% | 1,319,809 | $32.3M | Add +7.2% |
| SRLN SS Blackstone Sr Loan ETF | 1.76% | 741,873 | $30.5M | Add +8.8% |
| JPM JPMorgan Chase & Co. | 1.68% | 118,613 | $29.1M | Reduce -4.9% |
| DJP Ipath Bloomberg Commodity Inc. filed as BARCLAYS BANK PLC | 1.53% | 753,005 | $26.6M | Reduce -0.3% |
| DAX Global X Dax Germany ETF | 1.44% | 640,168 | $25.0M | Reduce -3.5% |
| EWN iShares MSCI Netherlands ETF | 1.42% | 525,522 | $24.6M | Add +0.3% |
| NVDA Nvidia Corp. | 1.39% | 221,780 | $24.0M | Reduce -2.8% |
| GOOG Alphabet Inc. Class C | 1.31% | 145,386 | $22.7M | Reduce -2.7% |
| MRSH Marsh & McLennan Cos | 1.14% | 81,062 | $19.8M | Reduce -1.0% |
| DHR Danaher Corp. | 1.11% | 93,534 | $19.2M | Reduce -0.4% |
| META Meta Platforms Inc. Class A | 1.09% | 32,886 | $19.0M | Reduce -0.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.09% | 35,543 | $18.9M | Add +0.1% |
| PANW Palo Alto Networks Inc. | 1.09% | 110,467 | $18.9M | Add +0.2% |
| TLT iShares 20+ Year Treasury BD | 1.07% | 204,496 | $18.6M | Add +9.3% |
| GOOGL Alphabet Inc. Class A | 1.04% | 116,142 | $18.0M | Reduce -0.2% |
| MNA Nylim Merger Arbtrage ETF-Ui filed as NEW YORK LIFE INVESTMENTS ET | 1.03% | 521,123 | $17.9M | Add +10.5% |
| LNG Cheniere Energy Inc. | 1.00% | 75,052 | $17.4M | Reduce -2.1% |
| ACWX iShares MSCI Acwi Ex US ETF | 0.99% | 308,785 | $17.1M | No change |
| CRM Salesforce Inc. | 0.97% | 62,574 | $16.8M | Add +0.8% |
| V Visa Inc. Class A | 0.96% | 47,426 | $16.6M | Reduce -2.0% |
| GXC State Street SPDR S&P China | 0.95% | 190,874 | $16.4M | Reduce -1.3% |
| MELI MercadoLibre Inc. | 0.93% | 8,256 | $16.1M | Reduce -0.5% |
| ADP Automatic Data Processing | 0.91% | 51,645 | $15.8M | Reduce -0.4% |
| ABT Abbott Laboratories | 0.88% | 115,507 | $15.3M | Reduce -3.0% |
| ILF iShares Latin America 40 ETF | 0.88% | 646,346 | $15.2M | Add +4.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.85% | 26,433 | $14.8M | Reduce -28.1% |
| BABA Alibaba Group Holding-SP ADR | 0.83% | 108,810 | $14.4M | Reduce -3.8% |
| TMO Thermo Fisher Scientific Inc. | 0.83% | 28,774 | $14.3M | Reduce -1.6% |
| UNP Union Pacific Corp. | 0.82% | 59,925 | $14.2M | Reduce -0.3% |
| PLNT Planet Fitness Inc. Class A | 0.80% | 143,606 | $13.9M | Reduce -2.9% |
| INCO Columbia India Consumer ETF | 0.80% | 232,797 | $13.9M | Add +2.7% |
| CNC Centene Corp. | 0.77% | 220,100 | $13.4M | Reduce -0.5% |
| WMT Walmart Inc. | 0.76% | 150,875 | $13.2M | Add +0.3% |
| CVS CVS Health Corp. | 0.76% | 195,354 | $13.2M | Reduce -5.5% |
| ICVT iShares Convertible Bond ETF | 0.75% | 155,237 | $13.0M | Add +5.1% |
| USDU Wisdomtree BBG Usd Bullish | 0.74% | 473,450 | $12.9M | Add +2.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.73% | 127,965 | $12.6M | Reduce -0.9% |
| XOM Exxon Mobil Corp. | 0.72% | 105,634 | $12.6M | Reduce -2.0% |
| AMJB Alerian MLP ETN2044 filed as JPMORGAN CHASE FINL CO LLC | 0.72% | 386,637 | $12.6M | Reduce -1.7% |
| PG The Procter & Gamble Co. | 0.72% | 73,679 | $12.6M | Reduce -3.2% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.71% | 156,138 | $12.3M | Reduce -10.0% |
| COST Costco Wholesale Corp. | 0.67% | 12,345 | $11.7M | No change |
| IAU iShares Gold Trust | 0.67% | 197,307 | $11.6M | Reduce -3.4% |
| NICE Nice Ltd. - Spon ADR | 0.67% | 75,084 | $11.6M | Add +7.7% |
| KMI Kinder Morgan Inc. | 0.65% | 398,207 | $11.4M | Reduce -1.6% |
| LKQ LKQ Corp. | 0.65% | 267,021 | $11.4M | Add +1.2% |
| NXPI NXP Semiconductors NV | 0.65% | 59,115 | $11.2M | Reduce -0.9% |
| BKNG Booking Holdings Inc. | 0.64% | 2,413 | $11.1M | Reduce -4.2% |
| AMD Advanced Micro Devices | 0.63% | 106,974 | $11.0M | Add +11.1% |
| XYZ Block Inc. | 0.63% | 201,810 | $11.0M | Add +105.8% |
| BWA Borgwarner Inc. | 0.62% | 372,949 | $10.7M | Add +1.9% |
| POOL Pool Corp. | 0.61% | 33,455 | $10.7M | Add +2.1% |
| PRF Invesco Rafi US 1000 ETF | 0.61% | 261,746 | $10.6M | Reduce -0.4% |
| VMC Vulcan Materials Co. | 0.58% | 43,029 | $10.0M | Add +0.8% |
| AAAU Goldman Sachs Physical Gold | 0.58% | 324,487 | $10.0M | Reduce -0.5% |
| PEP Pepsico Inc. | 0.57% | 65,859 | $9.9M | Reduce -1.1% |
| MGM MGM Resorts International | 0.56% | 326,197 | $9.7M | Add +4.1% |
| GPN Global Payments Inc. | 0.55% | 97,212 | $9.5M | Add +1.4% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.54% | 226,038 | $9.4M | Add +1.6% |
| TCOM Trip.com Group Ltd.-ADR | 0.53% | 144,995 | $9.2M | Reduce -0.6% |
| LOW Lowe's Cos Inc. | 0.53% | 39,448 | $9.2M | Reduce -5.0% |
| WSC Willscot Holdings Corp. | 0.52% | 327,427 | $9.1M | Add +5.2% |
| RYAAY Ryanair Holdings PLC-SP ADR | 0.50% | 204,701 | $8.7M | Add +0.4% |
| CZR Caesars Entertainment Inc. | 0.50% | 346,426 | $8.7M | Add +4.4% |
| RTX RTX Corp. | 0.49% | 63,768 | $8.4M | Reduce -4.8% |
| XBI SS SPDR S&P Biotech ETF | 0.48% | 102,280 | $8.3M | Add +3.4% |
| APD Air Products & Chemicals Inc. | 0.48% | 28,065 | $8.3M | Add +1.4% |
| PSX Phillips 66 | 0.48% | 66,778 | $8.2M | Add +0.4% |
| LVS Las Vegas Sands Corp. | 0.47% | 211,437 | $8.2M | Add +102.5% |
| VIG Vanguard Dividend Apprec ETF | 0.47% | 41,615 | $8.1M | Reduce -5.8% |
| CBRE CBRE Group Inc. Class A | 0.46% | 60,959 | $8.0M | Reduce -1.5% |
| BUSE First Busey Corp. | 0.46% | 367,110 | $7.9M | Reduce -5.2% |
| AMZN Amazon.com Inc. | 0.46% | 41,483 | $7.9M | Add +606.2% |
| FIS Fidelity National Info Serv | 0.45% | 104,618 | $7.8M | Add +2.7% |
| OTIS Otis Worldwide Corp. | 0.45% | 75,087 | $7.7M | Reduce -1.4% |
| ICLR Icon PLC | 0.43% | 42,796 | $7.5M | Add +10.3% |
| HD Home Depot Inc. | 0.41% | 19,621 | $7.2M | Add +0.2% |
| LW Lamb Weston Holdings Inc. | 0.41% | 134,665 | $7.2M | Add +4.9% |
| ESTC Elastic NV | 0.40% | 78,090 | $7.0M | Reduce -0.3% |
| PM Philip Morris International | 0.40% | 43,500 | $6.9M | No change |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.39% | 18,273 | $6.8M | Reduce -1.4% |
| KEYS Keysight Technologies Inc. | 0.38% | 44,474 | $6.7M | Add +1.2% |
| VCIT Vanguard Int-Term Corporate | 0.38% | 81,109 | $6.6M | Reduce -1.9% |
| TTWO Take-Two Interactive Softwre | 0.37% | 30,656 | $6.4M | Reduce -3.9% |
| WDAY Workday Inc. Class A | 0.34% | 25,615 | $6.0M | New |
| VTI VG Morningstar TS MKT ETF-US | 0.34% | 21,343 | $5.9M | Reduce -1.7% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 0.33% | 44,631 | $5.7M | Add +1.0% |
| HUM Humana Inc. | 0.33% | 21,651 | $5.7M | Add +0.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.33% | 33,092 | $5.7M | Reduce -3.3% |
| IWF iShares Russell 1000 Growth | 0.30% | 14,325 | $5.2M | Reduce -1.1% |
| BMY Bristol-Myers Squibb Co. | 0.30% | 83,990 | $5.1M | No change |
| ZGN Ermenegildo Zegna NV | 0.29% | 673,515 | $5.0M | New |
Portfolio Sells Q4 2024 → Q1 2025
| KKR KKR & Co. Inc. | Sold out | 0.00% | −0.55 |
| MSFT Microsoft Corp. | Reduce -3.1% | 3.08% | −0.50 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -28.1% | 0.85% | −0.39 |
| NVDA Nvidia Corp. | Reduce -2.8% | 1.39% | −0.39 |
| FMC FMC Corp. | Sold out | 0.00% | −0.36 |
| APO Apollo Global Management Inc. | Sold out | 0.00% | −0.34 |
| GOOG Alphabet Inc. Class C | Reduce -2.7% | 1.31% | −0.34 |
| GOOGL Alphabet Inc. Class A | Reduce -0.2% | 1.04% | −0.24 |
| DHR Danaher Corp. | Reduce -0.4% | 1.11% | −0.14 |
| DIS The Walt Disney Co. | Reduce -0.9% | 0.73% | −0.10 |
| BKNG Booking Holdings Inc. | Reduce -4.2% | 0.64% | −0.08 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -10.0% | 0.71% | −0.07 |
| BUSE First Busey Corp. | Reduce -5.2% | 0.46% | −0.07 |
| NXPI NXP Semiconductors NV | Reduce -0.9% | 0.65% | −0.07 |
| LOW Lowe's Cos Inc. | Reduce -5.0% | 0.53% | −0.06 |
| TMO Thermo Fisher Scientific Inc. | Reduce -1.6% | 0.83% | −0.06 |
| JPM JPMorgan Chase & Co. | Reduce -4.9% | 1.68% | −0.05 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -1.4% | 0.39% | −0.05 |
| TCOM Trip.com Group Ltd.-ADR | Reduce -0.6% | 0.53% | −0.05 |
| ESTC Elastic NV | Reduce -0.3% | 0.40% | −0.05 |
| PLNT Planet Fitness Inc. Class A | Reduce -2.9% | 0.80% | −0.05 |
| IWF iShares Russell 1000 Growth | Reduce -1.1% | 0.30% | −0.04 |
| PWR Quanta Services Inc. | Reduce -0.5% | 0.14% | −0.04 |
| VIG Vanguard Dividend Apprec ETF | Reduce -5.8% | 0.47% | −0.04 |
| JCI Johnson Controls Internation | Sold out | 0.00% | −0.03 |
| META Meta Platforms Inc. Class A | Reduce -0.8% | 1.09% | −0.03 |
| VNQI Vanguard GLBL Ex-US Real Est | Reduce -40.8% | 0.04% | −0.03 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -1.7% | 0.34% | −0.03 |
| EPD Enterprise Products Partners | Sold out | 0.00% | −0.02 |
| PDP Invesco Dorsey Wright Moment | Reduce -1.4% | 0.21% | −0.02 |
| BKLN Invesco Senior Loan ETF | Sold out | 0.00% | −0.02 |
| TEAM Atlassian Corp. Class A | Sold out | 0.00% | −0.02 |
| PEP Pepsico Inc. | Reduce -1.1% | 0.57% | −0.02 |
| ORCL Oracle Corp. | Reduce -1.3% | 0.08% | −0.02 |
| USB US Bancorp | Sold out | 0.00% | −0.02 |
| XLK SS Technology Select Sector | Sold out | 0.00% | −0.01 |
| FLQM Franklin U.S. Mid Cap Multif | Sold out | 0.00% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -3.2% | 0.72% | −0.01 |
| AMLP Alerian MLP ETF | Sold out | 0.00% | −0.01 |
| PHO Invesco Water Resources ETF | Reduce -49.1% | 0.01% | −0.01 |
| AXP American Express Co. | Reduce -0.4% | 0.12% | −0.01 |
| IWM iShares Russell 2000 ETF | Reduce -3.5% | 0.09% | −0.01 |
| INTU Intuit Inc. | Sold out | 0.00% | −0.01 |
| IVV iShares Core S&P 500 ETF | Reduce -7.0% | 0.09% | −0.01 |
| CBRE CBRE Group Inc. Class A | Reduce -1.5% | 0.46% | −0.01 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -4.1% | 0.07% | −0.01 |
| RWR SS SPDR Dow Jones REIT ETF | Reduce -13.2% | 0.06% | −0.01 |
| IBM Intl Business Machines Corp. | Reduce -24.2% | 0.05% | −0.01 |
| MDY State Street SPDR S&P Midcap | Reduce -2.4% | 0.08% | −0.01 |
| VLTO Veralto Corp. | Reduce -7.1% | 0.06% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| VEU Vanguard Ftse All-World Ex-U | Add +1.0% | 7.26% | +0.43 |
| AMZN Amazon.com Inc. | Add +606.2% | 0.46% | +0.38 |
| WDAY Workday Inc. Class A | New | 0.34% | +0.34 |
| ZGN Ermenegildo Zegna NV | New | 0.29% | +0.29 |
| ICSH iShares Ultra Short Duration | Add +16.6% | 1.96% | +0.28 |
| RWX State Street SPDR Dow Jones | Add +7.2% | 1.86% | +0.22 |
| LVS Las Vegas Sands Corp. | Add +102.5% | 0.47% | +0.16 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.1% | 1.09% | +0.16 |
| XYZ Block Inc. | Add +105.8% | 0.63% | +0.15 |
| MNA Nylim Merger Arbtrage ETF-Ui | Add +10.5% | 1.03% | +0.13 |
| TLT iShares 20+ Year Treasury BD | Add +9.3% | 1.07% | +0.13 |
| ILF iShares Latin America 40 ETF | Add +4.2% | 0.88% | +0.13 |
| VWO Vanguard Ftse Emerging Marke | Add +1.4% | 3.08% | +0.11 |
| SRLN SS Blackstone Sr Loan ETF | Add +8.8% | 1.76% | +0.11 |
| GSEW Goldman Sachs Eql WGHT Large | New | 0.10% | +0.10 |
| LKQ LKQ Corp. | Add +1.2% | 0.65% | +0.09 |
| VNQ Vanguard Real Estate ETF | Add +3.1% | 2.16% | +0.09 |
| EWJ iShares MSCI Japan ETF | Add +2.5% | 2.00% | +0.08 |
| EWN iShares MSCI Netherlands ETF | Add +0.3% | 1.42% | +0.07 |
| SLB SLB Ltd. | Add +1.6% | 0.54% | +0.05 |
| PSX Phillips 66 | Add +0.4% | 0.48% | +0.04 |
| TSLA Tesla Inc. | New | 0.03% | +0.03 |
| ABBV Abbvie Inc. | Add +0.3% | 0.16% | +0.02 |
| ICVT iShares Convertible Bond ETF | Add +5.1% | 0.75% | +0.02 |
| KO The Coca-Cola Co. | Add +0.0% | 0.14% | +0.02 |
| PLD Prologis Inc. | Add +2.8% | 0.22% | +0.02 |
| SUI Sun Communities Inc. | Add +1.0% | 0.33% | +0.02 |
| CVX Chevron Corp. | Add +1.9% | 0.11% | +0.02 |
| HUM Humana Inc. | Add +0.5% | 0.33% | +0.01 |
| APD Air Products & Chemicals Inc. | Add +1.4% | 0.48% | +0.01 |
| T AT&T Inc. | New | 0.01% | +0.01 |
| SBUX Starbucks Corp. | New | 0.01% | +0.01 |
| GE General Electric | Add +3.8% | 0.06% | +0.01 |
| LLY Eli Lilly & Co. | Add +0.0% | 0.16% | +0.01 |
| FCX Freeport-McMoran Inc. | Add +5.0% | 0.18% | +0.01 |
| BP BP PLC-Spons ADR | Add +0.1% | 0.04% | +0.01 |
| USDU Wisdomtree BBG Usd Bullish | Add +2.5% | 0.74% | +0.00 |
| CSCO Cisco Systems Inc. | Add +1.2% | 0.09% | +0.00 |
| RSP Invesco S&P 500 Equal Weight | Add +4.6% | 0.14% | +0.00 |
| VGLT Vanguard Long-Term Treasury | Add +16.5% | 0.02% | +0.00 |
| UNH Unitedhealth Group Inc. | Add +2.5% | 0.03% | +0.00 |
| BAC Bank of America Corp. | Add +8.9% | 0.02% | +0.00 |
| NEE Nextera Energy Inc. | Add +3.0% | 0.04% | +0.00 |
| CDNS Cadence Design SYS Inc. | Add +20.3% | 0.02% | +0.00 |
| ICLN iShares Global Clean Energy | Add +1.0% | 0.01% | +0.00 |
| AMAT Applied Materials Inc. | Add +11.9% | 0.02% | −0.00 |
| CMCSA Comcast Corp. Class A | Add +0.6% | 0.02% | −0.00 |
| LMT Lockheed Martin Corp. | Add +1.3% | 0.01% | −0.00 |
| GEV GE Vernova Inc. | Add +1.8% | 0.02% | −0.00 |
| MRK Merck & Co. Inc. | Add +0.2% | 0.01% | −0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 203 | $1.8B | VEU, VWO, AAPL, MSFT, EWJ |
| Q1 2026 | 197 | $1.9B | VEU, AAPL, VWO, MSFT, EWJ |
| Q4 2025 | 196 | $1.9B | VEU, AAPL, MSFT, VWO, EWJ |
| Q3 2025 | 206 | $2.0B | VEU, AAPL, MSFT, VWO, EWJ |
| Q2 2025 | 205 | $1.9B | VEU, MSFT, AAPL, VWO, EWJ |
| Q1 2025 | 212 | $1.7B | VEU, AAPL, VWO, MSFT, VNQ |
| Q4 2024 | 218 | $1.7B | VEU, AAPL, MSFT, VWO, VNQ |
| Q3 2024 | 221 | $1.8B | VEU, AAPL, MSFT, VWO, VNQ |
| Q2 2024 | 218 | $1.7B | VEU, MSFT, AAPL, VWO, VNQ |
| Q1 2024 | 201 | $1.6B | VEU, MSFT, AAPL, VWO, ICSH |