Osborne Partners Capital Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), Osborne Partners Capital Management, LLC reported 205 stock positions worth $1.9 billion. Its top holding was Vanguard Ftse All-World Ex-U (VEU) at 6.9% of the portfolio, followed by Microsoft (MSFT, 3.7%) and Apple (AAPL, 3.2%). Compared with Q1 2025, it opened 9 new positions, sold out of 16, added to 52 and reduced 111. The biggest buy was a new position in iShares 0-3 Month Treasury B (SGOV) and the biggest sale Apple (AAPL, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- SAN FRANCISCO, CA
- CIK
- 0001005607
- Portfolio Value
- $1.9B (Q2 2025)
- SEC Filing
- 0001765380-25-000342 ↗ filed Aug 12, 2025
Holdings Value
Holdings 205 stocks · $1.9B
| VEU Vanguard Ftse All-World Ex-U | 6.89% | 1,926,907 | $129.5M | Reduce -7.2% |
| MSFT Microsoft Corp. | 3.66% | 138,350 | $68.8M | Reduce -2.8% |
| AAPL Apple Inc. | 3.22% | 295,218 | $60.6M | Reduce -1.6% |
| VWO Vanguard Ftse Emerging Marke | 3.19% | 1,213,332 | $60.0M | Add +2.7% |
| EWJ iShares MSCI Japan ETF | 2.13% | 533,841 | $40.0M | Add +5.4% |
| VGK Vanguard Ftse Europe ETF | 2.05% | 497,165 | $38.5M | Add +1.1% |
| VNQ Vanguard Real Estate ETF | 2.05% | 432,617 | $38.5M | Add +4.7% |
| NVDA Nvidia Corp. | 1.80% | 214,642 | $33.9M | Reduce -3.2% |
| JPM JPMorgan Chase & Co. | 1.75% | 113,722 | $33.0M | Reduce -4.1% |
| RWX State Street SPDR Dow Jones | 1.71% | 1,171,696 | $32.1M | Reduce -11.2% |
| SRLN SS Blackstone Sr Loan ETF | 1.63% | 738,962 | $30.7M | Reduce -0.4% |
| ICSH iShares Ultra Short Duration | 1.51% | 561,281 | $28.5M | Reduce -16.2% |
| DAX Global X Dax Germany ETF | 1.50% | 627,540 | $28.2M | Reduce -2.0% |
| GOOG Alphabet Inc. Class C | 1.37% | 145,221 | $25.8M | Reduce -0.1% |
| DJP Ipath Bloomberg Commodity Inc. filed as BARCLAYS BANK PLC | 1.34% | 743,208 | $25.3M | Reduce -1.3% |
| META Meta Platforms Inc. Class A | 1.21% | 30,857 | $22.8M | Reduce -6.2% |
| PANW Palo Alto Networks Inc. | 1.20% | 109,987 | $22.5M | Reduce -0.4% |
| SGOV iShares 0-3 Month Treasury B | 1.18% | 220,261 | $22.2M | New |
| EWN iShares MSCI Netherlands ETF | 1.16% | 400,726 | $21.8M | Reduce -23.8% |
| MELI MercadoLibre Inc. | 1.12% | 8,066 | $21.1M | Reduce -2.3% |
| GOOGL Alphabet Inc. Class A | 1.12% | 119,004 | $21.0M | Add +2.5% |
| AMZN Amazon.com Inc. | 1.04% | 89,494 | $19.6M | Add +115.7% |
| TLT iShares 20+ Year Treasury BD | 1.00% | 214,168 | $18.9M | Add +4.7% |
| DHR Danaher Corp. | 1.00% | 95,553 | $18.9M | Add +2.2% |
| MNA Nylim Merger Arbtrage ETF-Ui filed as NEW YORK LIFE INVESTMENTS ET | 0.98% | 523,508 | $18.5M | Add +0.5% |
| LNG Cheniere Energy Inc. | 0.94% | 72,978 | $17.8M | Reduce -2.8% |
| ILF iShares Latin America 40 ETF | 0.94% | 677,661 | $17.8M | Add +4.8% |
| LVS Las Vegas Sands Corp. | 0.94% | 404,393 | $17.6M | Add +91.3% |
| CRM Salesforce Inc. | 0.92% | 63,791 | $17.4M | Add +1.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.92% | 35,543 | $17.3M | No change |
| MRSH Marsh & McLennan Cos | 0.90% | 77,560 | $17.0M | Reduce -4.3% |
| GXC State Street SPDR S&P China | 0.89% | 191,787 | $16.8M | Add +0.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.88% | 26,918 | $16.6M | Add +1.8% |
| V Visa Inc. Class A | 0.88% | 46,436 | $16.5M | Reduce -2.1% |
| AMD Advanced Micro Devices | 0.85% | 112,867 | $16.0M | Add +5.5% |
| ADP Automatic Data Processing | 0.83% | 50,837 | $15.7M | Reduce -1.6% |
| XBI SS SPDR S&P Biotech ETF | 0.82% | 185,852 | $15.4M | Add +81.7% |
| CUK Carnival PLC-ADR | 0.81% | 596,826 | $15.2M | New |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.81% | 122,254 | $15.2M | Reduce -4.5% |
| INCO Columbia India Consumer ETF | 0.80% | 232,184 | $15.1M | Reduce -0.3% |
| PLNT Planet Fitness Inc. Class A | 0.80% | 137,894 | $15.0M | Reduce -4.0% |
| ABT Abbott Laboratories | 0.79% | 108,673 | $14.8M | Reduce -5.9% |
| WMT Walmart Inc. | 0.78% | 150,524 | $14.7M | Reduce -0.2% |
| TTWO Take-Two Interactive Softwre | 0.78% | 60,200 | $14.6M | Add +96.4% |
| XYZ Block Inc. | 0.75% | 208,263 | $14.1M | Add +3.2% |
| ICVT iShares Convertible Bond ETF | 0.75% | 155,830 | $14.0M | Add +0.4% |
| UNP Union Pacific Corp. | 0.72% | 59,116 | $13.6M | Reduce -1.4% |
| NICE Nice Ltd. - Spon ADR | 0.70% | 77,923 | $13.2M | Add +3.8% |
| TMO Thermo Fisher Scientific Inc. | 0.69% | 31,973 | $13.0M | Add +11.1% |
| BKNG Booking Holdings Inc. | 0.68% | 2,199 | $12.7M | Reduce -8.9% |
| APD Air Products & Chemicals Inc. | 0.68% | 45,127 | $12.7M | Add +60.8% |
| NXPI NXP Semiconductors NV | 0.67% | 58,070 | $12.7M | Reduce -1.8% |
| BWA Borgwarner Inc. | 0.67% | 377,006 | $12.6M | Add +1.1% |
| BABA Alibaba Group Holding-SP ADR | 0.67% | 111,172 | $12.6M | Add +2.2% |
| USDU Wisdomtree BBG Usd Bullish | 0.66% | 479,755 | $12.4M | Add +1.3% |
| CNC Centene Corp. | 0.65% | 225,483 | $12.2M | Add +2.5% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.65% | 153,018 | $12.2M | Reduce -2.0% |
| COST Costco Wholesale Corp. | 0.64% | 12,112 | $12.0M | Reduce -1.9% |
| RYAAY Ryanair Holdings PLC-SP ADR | 0.63% | 207,051 | $11.9M | Add +1.1% |
| MGM MGM Resorts International | 0.63% | 346,167 | $11.9M | Add +6.1% |
| AMJB Alerian MLP ETN2044 filed as JPMORGAN CHASE FINL CO LLC | 0.61% | 379,381 | $11.5M | Reduce -1.9% |
| IAU iShares Gold Trust | 0.61% | 184,085 | $11.5M | Reduce -6.7% |
| PG The Procter & Gamble Co. | 0.61% | 71,853 | $11.4M | Reduce -2.5% |
| KMI Kinder Morgan Inc. | 0.60% | 382,036 | $11.2M | Reduce -4.1% |
| XOM Exxon Mobil Corp. | 0.58% | 100,482 | $10.8M | Reduce -4.9% |
| VMC Vulcan Materials Co. | 0.58% | 41,505 | $10.8M | Reduce -3.5% |
| PRF Invesco Rafi US 1000 ETF | 0.57% | 252,206 | $10.7M | Reduce -3.6% |
| CZR Caesars Entertainment Inc. | 0.56% | 373,583 | $10.6M | Add +7.8% |
| POOL Pool Corp. | 0.55% | 35,727 | $10.4M | Add +6.8% |
| AAAU Goldman Sachs Physical Gold | 0.52% | 300,209 | $9.8M | Reduce -7.5% |
| LKQ LKQ Corp. | 0.52% | 265,017 | $9.8M | Reduce -0.8% |
| WSC Willscot Holdings Corp. | 0.52% | 356,285 | $9.8M | Add +8.8% |
| LOW Lowe's Cos Inc. | 0.47% | 39,421 | $8.7M | Reduce -0.1% |
| FIS Fidelity National Info Serv | 0.46% | 107,032 | $8.7M | Add +2.3% |
| CBRE CBRE Group Inc. Class A | 0.45% | 60,933 | $8.5M | Reduce -0.0% |
| RTX RTX Corp. | 0.45% | 58,070 | $8.5M | Reduce -8.9% |
| ACWX iShares MSCI Acwi Ex US ETF | 0.45% | 138,775 | $8.5M | Reduce -55.1% |
| TCOM Trip.com Group Ltd.-ADR | 0.45% | 144,003 | $8.4M | Reduce -0.7% |
| BUSE First Busey Corp. | 0.45% | 367,110 | $8.4M | No change |
| PEP Pepsico Inc. | 0.44% | 63,366 | $8.4M | Reduce -3.8% |
| CVS CVS Health Corp. | 0.44% | 120,655 | $8.3M | Reduce -38.2% |
| GPN Global Payments Inc. | 0.43% | 102,201 | $8.2M | Add +5.1% |
| VIG Vanguard Dividend Apprec ETF | 0.43% | 39,778 | $8.1M | Reduce -4.4% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.43% | 236,671 | $8.0M | Add +4.7% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.42% | 18,188 | $8.0M | Reduce -0.5% |
| PSX Phillips 66 | 0.42% | 66,763 | $8.0M | Reduce -0.0% |
| PM Philip Morris International | 0.41% | 42,000 | $7.6M | Reduce -3.5% |
| AL Sumisho Air Lease Corp. filed as AIR LEASE CORP | 0.40% | 129,471 | $7.6M | New |
| VTI VG Morningstar TS MKT ETF-US | 0.40% | 24,588 | $7.5M | Add +15.2% |
| KEYS Keysight Technologies Inc. | 0.39% | 44,976 | $7.4M | Add +1.1% |
| ICLR Icon PLC | 0.39% | 50,248 | $7.3M | Add +17.4% |
| HD Home Depot Inc. | 0.38% | 19,404 | $7.1M | Reduce -1.1% |
| VCIT Vanguard Int-Term Corporate | 0.38% | 85,444 | $7.1M | Add +5.3% |
| LW Lamb Weston Holdings Inc. | 0.37% | 132,979 | $6.9M | Reduce -1.3% |
| ESTC Elastic NV | 0.36% | 79,287 | $6.7M | Add +1.5% |
| WDAY Workday Inc. Class A | 0.34% | 26,412 | $6.3M | Add +3.1% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.32% | 34,425 | $6.1M | Add +4.0% |
| ZGN Ermenegildo Zegna NV | 0.32% | 710,238 | $6.1M | Add +5.5% |
| IWF iShares Russell 1000 Growth | 0.32% | 14,295 | $6.1M | Reduce -0.2% |
| ASML ASML Holding NV-NY Reg SHS | 0.32% | 7,529 | $6.0M | Add +4.2% |
Portfolio Sells Q1 2025 → Q2 2025
| AAPL Apple Inc. | Reduce -1.6% | 3.22% | −0.62 |
| ACWX iShares MSCI Acwi Ex US ETF | Reduce -55.1% | 0.45% | −0.54 |
| OTIS Otis Worldwide Corp. | Sold out | 0.00% | −0.45 |
| ICSH iShares Ultra Short Duration | Reduce -16.2% | 1.51% | −0.44 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -7.2% | 6.89% | −0.38 |
| CVS CVS Health Corp. | Reduce -38.2% | 0.44% | −0.32 |
| EWN iShares MSCI Netherlands ETF | Reduce -23.8% | 1.16% | −0.25 |
| MRSH Marsh & McLennan Cos | Reduce -4.3% | 0.90% | −0.24 |
| DJP Ipath Bloomberg Commodity Inc. | Reduce -1.3% | 1.34% | −0.19 |
| RWX State Street SPDR Dow Jones | Reduce -11.2% | 1.71% | −0.16 |
| XOM Exxon Mobil Corp. | Reduce -4.9% | 0.58% | −0.15 |
| LKQ LKQ Corp. | Reduce -0.8% | 0.52% | −0.13 |
| SRLN SS Blackstone Sr Loan ETF | Reduce -0.4% | 1.63% | −0.12 |
| PEP Pepsico Inc. | Reduce -3.8% | 0.44% | −0.12 |
| PG The Procter & Gamble Co. | Reduce -2.5% | 0.61% | −0.12 |
| AMJB Alerian MLP ETN2044 | Reduce -1.9% | 0.61% | −0.11 |
| ABT Abbott Laboratories | Reduce -5.9% | 0.79% | −0.10 |
| UNP Union Pacific Corp. | Reduce -1.4% | 0.72% | −0.09 |
| BMY Bristol-Myers Squibb Co. | Reduce -0.8% | 0.20% | −0.09 |
| TCOM Trip.com Group Ltd.-ADR | Reduce -0.7% | 0.45% | −0.08 |
| V Visa Inc. Class A | Reduce -2.1% | 0.88% | −0.08 |
| ADP Automatic Data Processing | Reduce -1.6% | 0.83% | −0.08 |
| LOW Lowe's Cos Inc. | Reduce -0.1% | 0.47% | −0.07 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -2.0% | 0.65% | −0.06 |
| IAU iShares Gold Trust | Reduce -6.7% | 0.61% | −0.06 |
| KMI Kinder Morgan Inc. | Reduce -4.1% | 0.60% | −0.06 |
| LNG Cheniere Energy Inc. | Reduce -2.8% | 0.94% | −0.06 |
| AAAU Goldman Sachs Physical Gold | Reduce -7.5% | 0.52% | −0.06 |
| PSX Phillips 66 | Reduce -0.0% | 0.42% | −0.05 |
| LW Lamb Weston Holdings Inc. | Reduce -1.3% | 0.37% | −0.05 |
| AMGN Amgen Inc. | Reduce -2.9% | 0.18% | −0.04 |
| PRF Invesco Rafi US 1000 ETF | Reduce -3.6% | 0.57% | −0.04 |
| ABBV Abbvie Inc. | Reduce -9.9% | 0.11% | −0.04 |
| JNJ Johnson & Johnson | Reduce -7.9% | 0.14% | −0.04 |
| ACN Accenture PLC Class A | Reduce -3.5% | 0.23% | −0.04 |
| HD Home Depot Inc. | Reduce -1.1% | 0.38% | −0.04 |
| PFE Pfizer Inc. | Reduce -1.4% | 0.24% | −0.04 |
| RTX RTX Corp. | Reduce -8.9% | 0.45% | −0.04 |
| COST Costco Wholesale Corp. | Reduce -1.9% | 0.64% | −0.04 |
| KMB Kimberly-Clark Corp. | Reduce -4.2% | 0.14% | −0.04 |
| VIG Vanguard Dividend Apprec ETF | Reduce -4.4% | 0.43% | −0.03 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.03 |
| TRV The Travelers Cos Inc. | Reduce -5.2% | 0.21% | −0.03 |
| YUM Yum! Brands Inc. | Reduce -3.1% | 0.14% | −0.03 |
| CVX Chevron Corp. | Reduce -3.0% | 0.09% | −0.03 |
| SHEL Shell PLC-ADR | Reduce -29.5% | 0.04% | −0.03 |
| EWZ iShares MSCI Brazil ETF | Sold out | 0.00% | −0.02 |
| ICE Intercontinental Exchange Inc. | Sold out | 0.00% | −0.02 |
| KMX Carmax Inc. | Reduce -4.0% | 0.06% | −0.02 |
| VGLT Vanguard Long-Term Treasury | Sold out | 0.00% | −0.02 |
Portfolio Buys Q1 2025 → Q2 2025
| SGOV iShares 0-3 Month Treasury B | New | 1.18% | +1.18 |
| CUK Carnival PLC-ADR | New | 0.81% | +0.81 |
| AMZN Amazon.com Inc. | Add +115.7% | 1.04% | +0.59 |
| LVS Las Vegas Sands Corp. | Add +91.3% | 0.94% | +0.46 |
| TTWO Take-Two Interactive Softwre | Add +96.4% | 0.78% | +0.41 |
| AL Sumisho Air Lease Corp. | New | 0.40% | +0.40 |
| XBI SS SPDR S&P Biotech ETF | Add +81.7% | 0.82% | +0.34 |
| APO Apollo Global Management Inc. | New | 0.22% | +0.22 |
| AMD Advanced Micro Devices | Add +5.5% | 0.85% | +0.22 |
| APD Air Products & Chemicals Inc. | Add +60.8% | 0.68% | +0.20 |
| RYAAY Ryanair Holdings PLC-SP ADR | Add +1.1% | 0.63% | +0.13 |
| EWJ iShares MSCI Japan ETF | Add +5.4% | 2.13% | +0.13 |
| XYZ Block Inc. | Add +3.2% | 0.75% | +0.12 |
| VWO Vanguard Ftse Emerging Marke | Add +2.7% | 3.19% | +0.11 |
| GOOGL Alphabet Inc. Class A | Add +2.5% | 1.12% | +0.08 |
| MGM MGM Resorts International | Add +6.1% | 0.63% | +0.08 |
| ILF iShares Latin America 40 ETF | Add +4.8% | 0.94% | +0.07 |
| CZR Caesars Entertainment Inc. | Add +7.8% | 0.56% | +0.06 |
| VTI VG Morningstar TS MKT ETF-US | Add +15.2% | 0.40% | +0.06 |
| VGK Vanguard Ftse Europe ETF | Add +1.1% | 2.05% | +0.06 |
| BWA Borgwarner Inc. | Add +1.1% | 0.67% | +0.06 |
| ASML ASML Holding NV-NY Reg SHS | Add +4.2% | 0.32% | +0.04 |
| ZGN Ermenegildo Zegna NV | Add +5.5% | 0.32% | +0.04 |
| NKE Nike Inc. Class B | Add +8.7% | 0.32% | +0.03 |
| NICE Nice Ltd. - Spon ADR | Add +3.8% | 0.70% | +0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +1.8% | 0.88% | +0.03 |
| VXUS Vanguard Total Intl Stock | New | 0.02% | +0.02 |
| FCX Freeport-McMoran Inc. | Add +4.7% | 0.20% | +0.02 |
| GBTC Grayscale Bitcoin Trust ETF | New | 0.01% | +0.01 |
| FIS Fidelity National Info Serv | Add +2.3% | 0.46% | +0.01 |
| GSEW Goldman Sachs Eql WGHT Large | Add +12.7% | 0.12% | +0.01 |
| RH RH | New | 0.01% | +0.01 |
| TEL Te Connectivity PLC | New | 0.01% | +0.01 |
| XLK SS Technology Select Sector | New | 0.01% | +0.01 |
| KEYS Keysight Technologies Inc. | Add +1.1% | 0.39% | +0.01 |
| ESGU iShares ESG Aware MSCI USA | Add +3.0% | 0.03% | +0.00 |
| ICVT iShares Convertible Bond ETF | Add +0.4% | 0.75% | −0.00 |
| XRAY Dentsply Sirona Inc. | Add +0.9% | 0.25% | −0.00 |
| VCIT Vanguard Int-Term Corporate | Add +5.3% | 0.38% | −0.01 |
| WSC Willscot Holdings Corp. | Add +8.8% | 0.52% | −0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +4.0% | 0.32% | −0.01 |
| WDAY Workday Inc. Class A | Add +3.1% | 0.34% | −0.01 |
| LLY Eli Lilly & Co. | Add +5.9% | 0.14% | −0.01 |
| PLD Prologis Inc. | Add +6.1% | 0.21% | −0.02 |
| SUI Sun Communities Inc. | Add +2.1% | 0.31% | −0.02 |
| HUM Humana Inc. | Add +5.2% | 0.30% | −0.03 |
| CRM Salesforce Inc. | Add +1.9% | 0.92% | −0.04 |
| ICLR Icon PLC | Add +17.4% | 0.39% | −0.04 |
| ESTC Elastic NV | Add +1.5% | 0.36% | −0.05 |
| MNA Nylim Merger Arbtrage ETF-Ui | Add +0.5% | 0.98% | −0.05 |
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 |