Osborne Partners Capital Management, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 30, 2025), Osborne Partners Capital Management, LLC reported 206 stock positions worth $2.0 billion. Its top holding was Vanguard Ftse All-World Ex-U (VEU) at 6.9% of the portfolio, followed by Apple (AAPL, 3.8%) and Microsoft (MSFT, 3.6%). Compared with Q2 2025, it opened 11 new positions, sold out of 10, added to 78 and reduced 75. The biggest buy was Amazon.com (AMZN, shares +57%) and the biggest sale Planet Fitness Class A (PLNT, shares −47%).
- Most Recent 13F
- Q2 2026
- Location
- SAN FRANCISCO, CA
- CIK
- 0001005607
- Portfolio Value
- $2.0B (Q3 2025)
- SEC Filing
- 0001765380-25-000434 ↗ filed Oct 30, 2025
Holdings Value
Holdings 206 stocks · $2.0B
| VEU Vanguard Ftse All-World Ex-U | 6.92% | 1,909,825 | $136.3M | Reduce -0.9% |
| AAPL Apple Inc. | 3.80% | 294,199 | $74.9M | Reduce -0.3% |
| MSFT Microsoft Corp. | 3.62% | 137,490 | $71.2M | Reduce -0.6% |
| VWO Vanguard Ftse Emerging Marke | 3.36% | 1,219,790 | $66.1M | Add +0.5% |
| EWJ iShares MSCI Japan ETF | 2.19% | 537,155 | $43.1M | Add +0.6% |
| VNQ Vanguard Real Estate ETF | 2.11% | 454,308 | $41.5M | Add +5.0% |
| VGK Vanguard Ftse Europe ETF | 2.03% | 500,058 | $39.9M | Add +0.6% |
| NVDA Nvidia Corp. | 2.02% | 212,772 | $39.7M | Reduce -0.9% |
| JPM JPMorgan Chase & Co. | 1.81% | 113,054 | $35.7M | Reduce -0.6% |
| GOOG Alphabet Inc. Class C | 1.73% | 139,540 | $34.0M | Reduce -3.9% |
| RWX State Street SPDR Dow Jones | 1.65% | 1,166,967 | $32.5M | Reduce -0.4% |
| SRLN SS Blackstone Sr Loan ETF | 1.63% | 770,616 | $32.0M | Add +4.3% |
| AMZN Amazon.com Inc. | 1.57% | 140,850 | $30.9M | Add +57.4% |
| GOOGL Alphabet Inc. Class A | 1.46% | 118,513 | $28.8M | Reduce -0.4% |
| DAX Global X Dax Germany ETF | 1.42% | 622,931 | $27.9M | Reduce -0.7% |
| ICSH iShares Ultra Short Duration | 1.38% | 534,890 | $27.1M | Reduce -4.7% |
| DJP Ipath Bloomberg Commodity Inc. filed as BARCLAYS BANK PLC | 1.35% | 753,078 | $26.7M | Add +1.3% |
| EWN iShares MSCI Netherlands ETF | 1.19% | 404,093 | $23.4M | Add +0.8% |
| PANW Palo Alto Networks Inc. | 1.13% | 109,613 | $22.3M | Reduce -0.3% |
| META Meta Platforms Inc. Class A | 1.09% | 29,269 | $21.5M | Reduce -5.2% |
| GXC State Street SPDR S&P China | 1.05% | 196,710 | $20.6M | Add +2.6% |
| LVS Las Vegas Sands Corp. | 1.04% | 382,342 | $20.6M | Reduce -5.5% |
| BABA Alibaba Group Holding-SP ADR | 1.02% | 111,912 | $20.0M | Add +0.7% |
| ILF iShares Latin America 40 ETF | 1.00% | 682,973 | $19.7M | Add +0.8% |
| MNA Nylim Merger Arbtrage ETF-Ui filed as NEW YORK LIFE INVESTMENTS ET | 1.00% | 547,291 | $19.6M | Add +4.5% |
| TLT iShares 20+ Year Treasury BD | 0.99% | 218,243 | $19.5M | Add +1.9% |
| DHR Danaher Corp. | 0.99% | 98,234 | $19.5M | Add +2.8% |
| MELI MercadoLibre Inc. | 0.97% | 8,177 | $19.1M | Add +1.4% |
| SGOV iShares 0-3 Month Treasury B | 0.97% | 188,965 | $19.0M | Reduce -14.2% |
| XBI SS SPDR S&P Biotech ETF | 0.95% | 187,565 | $18.8M | Add +0.9% |
| AMD Advanced Micro Devices | 0.92% | 111,592 | $18.1M | Reduce -1.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.90% | 35,438 | $17.8M | Reduce -0.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.90% | 26,666 | $17.8M | Reduce -0.9% |
| LNG Cheniere Energy Inc. | 0.87% | 73,148 | $17.2M | Add +0.2% |
| BWA Borgwarner Inc. | 0.84% | 376,020 | $16.5M | Reduce -0.3% |
| TMO Thermo Fisher Scientific Inc. | 0.80% | 32,608 | $15.8M | Add +2.0% |
| CRM Salesforce Inc. | 0.80% | 66,177 | $15.7M | Add +3.7% |
| MRSH Marsh & McLennan Cos | 0.79% | 77,362 | $15.6M | Reduce -0.3% |
| V Visa Inc. Class A | 0.79% | 45,610 | $15.6M | Reduce -1.8% |
| WMT Walmart Inc. | 0.79% | 150,804 | $15.5M | Add +0.2% |
| TTWO Take-Two Interactive Softwre | 0.79% | 60,013 | $15.5M | Reduce -0.3% |
| ICVT iShares Convertible Bond ETF | 0.78% | 152,822 | $15.3M | Reduce -1.9% |
| ADP Automatic Data Processing | 0.77% | 51,522 | $15.1M | Add +1.4% |
| INCO Columbia India Consumer ETF | 0.76% | 232,823 | $15.1M | Add +0.3% |
| CUK Carnival PLC-ADR | 0.76% | 569,026 | $15.0M | Reduce -4.7% |
| XYZ Block Inc. | 0.76% | 207,278 | $15.0M | Reduce -0.5% |
| ABT Abbott Laboratories | 0.74% | 108,670 | $14.6M | Reduce 0.0% |
| UNP Union Pacific Corp. | 0.72% | 59,974 | $14.2M | Add +1.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.71% | 121,826 | $13.9M | Reduce -0.3% |
| USDU Wisdomtree BBG Usd Bullish | 0.69% | 512,305 | $13.5M | Add +6.8% |
| IAU iShares Gold Trust | 0.67% | 182,341 | $13.3M | Reduce -0.9% |
| NXPI NXP Semiconductors NV | 0.67% | 57,728 | $13.1M | Reduce -0.6% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.64% | 156,594 | $12.5M | Add +2.3% |
| APD Air Products & Chemicals Inc. | 0.64% | 45,860 | $12.5M | Add +1.6% |
| VMC Vulcan Materials Co. | 0.63% | 40,549 | $12.5M | Reduce -2.3% |
| RYAAY Ryanair Holdings PLC-SP ADR | 0.63% | 205,350 | $12.4M | Reduce -0.8% |
| MGM MGM Resorts International | 0.60% | 343,171 | $11.9M | Reduce -0.9% |
| BKNG Booking Holdings Inc. | 0.58% | 2,119 | $11.4M | Reduce -3.6% |
| XOM Exxon Mobil Corp. | 0.58% | 101,377 | $11.4M | Add +0.9% |
| NICE Nice Ltd. - Spon ADR | 0.58% | 78,610 | $11.4M | Add +0.9% |
| PRF Invesco Rafi US 1000 ETF | 0.57% | 250,206 | $11.3M | Reduce -0.8% |
| COST Costco Wholesale Corp. | 0.57% | 12,214 | $11.3M | Add +0.8% |
| POOL Pool Corp. | 0.57% | 36,379 | $11.3M | Add +1.8% |
| PG The Procter & Gamble Co. | 0.56% | 72,179 | $11.1M | Add +0.5% |
| AMJB Alerian MLP ETN2044 filed as JPMORGAN CHASE FINL CO LLC | 0.56% | 375,265 | $11.1M | Reduce -1.1% |
| AAAU Goldman Sachs Physical Gold | 0.56% | 290,051 | $11.1M | Reduce -3.4% |
| TCOM Trip.com Group Ltd.-ADR | 0.55% | 144,200 | $10.8M | Add +0.1% |
| KMI Kinder Morgan Inc. | 0.54% | 372,508 | $10.5M | Reduce -2.5% |
| CZR Caesars Entertainment Inc. | 0.52% | 379,053 | $10.2M | Add +1.5% |
| LOW Lowe's Cos Inc. | 0.51% | 39,708 | $10.0M | Add +0.7% |
| CBRE CBRE Group Inc. Class A | 0.48% | 60,274 | $9.5M | Reduce -1.1% |
| RTX RTX Corp. | 0.48% | 56,446 | $9.4M | Reduce -2.8% |
| CVS CVS Health Corp. | 0.47% | 122,497 | $9.2M | Add +1.5% |
| PSX Phillips 66 | 0.46% | 67,312 | $9.2M | Add +0.8% |
| ICLR Icon PLC | 0.46% | 51,590 | $9.0M | Add +2.7% |
| ACWX iShares MSCI Acwi Ex US ETF | 0.46% | 138,775 | $9.0M | No change |
| PEP Pepsico Inc. | 0.45% | 63,005 | $8.8M | Reduce -0.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.44% | 18,083 | $8.7M | Reduce -0.6% |
| GPN Global Payments Inc. | 0.43% | 102,780 | $8.5M | Add +0.6% |
| VIG Vanguard Dividend Apprec ETF | 0.42% | 38,781 | $8.4M | Reduce -2.5% |
| BUSE First Busey Corp. | 0.42% | 361,138 | $8.4M | Reduce -1.6% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.42% | 241,437 | $8.3M | Add +2.0% |
| LKQ LKQ Corp. | 0.42% | 269,737 | $8.2M | Add +1.8% |
| CNC Centene Corp. | 0.42% | 229,813 | $8.2M | Add +1.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.41% | 24,435 | $8.0M | Reduce -0.6% |
| KEYS Keysight Technologies Inc. | 0.40% | 44,938 | $7.9M | Reduce -0.1% |
| HD Home Depot Inc. | 0.40% | 19,337 | $7.8M | Reduce -0.3% |
| WSC Willscot Holdings Corp. | 0.40% | 369,383 | $7.8M | Add +3.7% |
| PLNT Planet Fitness Inc. Class A | 0.38% | 72,523 | $7.5M | Reduce -47.4% |
| VCIT Vanguard Int-Term Corporate | 0.38% | 88,999 | $7.5M | Add +4.2% |
| ASML ASML Holding NV-NY Reg SHS | 0.38% | 7,648 | $7.4M | Add +1.6% |
| FIS Fidelity National Info Serv | 0.37% | 109,286 | $7.2M | Add +2.1% |
| PM Philip Morris International | 0.35% | 42,012 | $6.8M | Add +0.0% |
| ZGN Ermenegildo Zegna NV | 0.34% | 717,646 | $6.8M | Add +1.0% |
| ESTC Elastic NV | 0.34% | 80,089 | $6.8M | Add +1.0% |
| WDAY Workday Inc. Class A | 0.33% | 27,180 | $6.5M | Add +2.9% |
| IWF iShares Russell 1000 Growth | 0.33% | 13,950 | $6.5M | Reduce -2.4% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.32% | 33,411 | $6.2M | Reduce -3.0% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 0.31% | 46,965 | $6.1M | Add +3.0% |
| NKE Nike Inc. Class B | 0.30% | 84,536 | $5.9M | Add +0.1% |
Portfolio Sells Q2 2025 → Q3 2025
| PLNT Planet Fitness Inc. Class A | Reduce -47.4% | 0.38% | −0.42 |
| LW Lamb Weston Holdings Inc. | Sold out | 0.00% | −0.37 |
| HUM Humana Inc. | Sold out | 0.00% | −0.30 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.23 |
| SGOV iShares 0-3 Month Treasury B | Reduce -14.2% | 0.97% | −0.21 |
| AL Sumisho Air Lease Corp. | Reduce -42.7% | 0.24% | −0.16 |
| ICSH iShares Ultra Short Duration | Reduce -4.7% | 1.38% | −0.14 |
| META Meta Platforms Inc. Class A | Reduce -5.2% | 1.09% | −0.12 |
| MRSH Marsh & McLennan Cos | Reduce -0.3% | 0.79% | −0.11 |
| DIS The Walt Disney Co. | Reduce -0.3% | 0.71% | −0.10 |
| BKNG Booking Holdings Inc. | Reduce -3.6% | 0.58% | −0.10 |
| V Visa Inc. Class A | Reduce -1.8% | 0.79% | −0.09 |
| DAX Global X Dax Germany ETF | Reduce -0.7% | 1.42% | −0.08 |
| XRAY Dentsply Sirona Inc. | Reduce -3.9% | 0.19% | −0.07 |
| PANW Palo Alto Networks Inc. | Reduce -0.3% | 1.13% | −0.06 |
| KMI Kinder Morgan Inc. | Reduce -2.5% | 0.54% | −0.06 |
| RWX State Street SPDR Dow Jones | Reduce -0.4% | 1.65% | −0.06 |
| VLTO Veralto Corp. | Sold out | 0.00% | −0.05 |
| AMJB Alerian MLP ETN2044 | Reduce -1.1% | 0.56% | −0.05 |
| ABT Abbott Laboratories | Reduce 0.0% | 0.74% | −0.05 |
| CUK Carnival PLC-ADR | Reduce -4.7% | 0.76% | −0.05 |
| MSFT Microsoft Corp. | Reduce -0.6% | 3.62% | −0.04 |
| MGM MGM Resorts International | Reduce -0.9% | 0.60% | −0.03 |
| KMX Carmax Inc. | Reduce -1.4% | 0.04% | −0.02 |
| TRV The Travelers Cos Inc. | Reduce -10.3% | 0.19% | −0.02 |
| BUSE First Busey Corp. | Reduce -1.6% | 0.42% | −0.02 |
| AMT American Tower Corp. | Reduce -1.4% | 0.08% | −0.02 |
| MTUM iShares MSCI USA Momentum Fa | Sold out | 0.00% | −0.01 |
| RSP Invesco S&P 500 Equal Weight | Reduce -10.5% | 0.11% | −0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.3% | 0.90% | −0.01 |
| IT Gartner Inc. | Sold out | 0.00% | −0.01 |
| CPRT Copart Inc. | Sold out | 0.00% | −0.01 |
| RH RH | Sold out | 0.00% | −0.01 |
| XLK SS Technology Select Sector | Sold out | 0.00% | −0.01 |
| OHI Omega Healthcare Investors | Reduce -32.5% | 0.03% | −0.01 |
| VIG Vanguard Dividend Apprec ETF | Reduce -2.5% | 0.42% | −0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -3.0% | 0.32% | −0.01 |
| NXPI NXP Semiconductors NV | Reduce -0.6% | 0.67% | −0.01 |
| RYAAY Ryanair Holdings PLC-SP ADR | Reduce -0.8% | 0.63% | −0.01 |
| SHEL Shell PLC-ADR | Reduce -12.7% | 0.04% | −0.01 |
| HTBK Heritage Commerce Corp. | Sold out | 0.00% | −0.01 |
| CARR Carrier Global Corp. | Reduce -5.0% | 0.01% | −0.00 |
| IWD iShares Russell 1000 Value E | Reduce -2.6% | 0.12% | −0.00 |
| VZ Verizon Communications Inc. | Reduce -15.3% | 0.01% | −0.00 |
| VNQI Vanguard GLBL Ex-US Real Est | Reduce -7.3% | 0.03% | −0.00 |
| ECL Ecolab Inc. | Reduce -1.4% | 0.03% | −0.00 |
| MDY State Street SPDR S&P Midcap | Reduce -2.3% | 0.07% | −0.00 |
| BAC Bank of America Corp. | Reduce -10.5% | 0.01% | −0.00 |
| IWM iShares Russell 2000 ETF | Reduce -7.6% | 0.08% | −0.00 |
| PFE Pfizer Inc. | Reduce -0.7% | 0.24% | −0.00 |
Portfolio Buys Q2 2025 → Q3 2025
| AMZN Amazon.com Inc. | Add +57.4% | 1.57% | +0.53 |
| BABA Alibaba Group Holding-SP ADR | Add +0.7% | 1.02% | +0.35 |
| VWO Vanguard Ftse Emerging Marke | Add +0.5% | 3.36% | +0.16 |
| GXC State Street SPDR S&P China | Add +2.6% | 1.05% | +0.16 |
| XBI SS SPDR S&P Biotech ETF | Add +0.9% | 0.95% | +0.13 |
| TMO Thermo Fisher Scientific Inc. | Add +2.0% | 0.80% | +0.11 |
| TCOM Trip.com Group Ltd.-ADR | Add +0.1% | 0.55% | +0.10 |
| ICLR Icon PLC | Add +2.7% | 0.46% | +0.07 |
| VNQ Vanguard Real Estate ETF | Add +5.0% | 2.11% | +0.06 |
| EWJ iShares MSCI Japan ETF | Add +0.6% | 2.19% | +0.06 |
| ILF iShares Latin America 40 ETF | Add +0.8% | 1.00% | +0.06 |
| ASML ASML Holding NV-NY Reg SHS | Add +1.6% | 0.38% | +0.06 |
| LOW Lowe's Cos Inc. | Add +0.7% | 0.51% | +0.04 |
| PSX Phillips 66 | Add +0.8% | 0.46% | +0.04 |
| JNJ Johnson & Johnson | Add +9.9% | 0.18% | +0.04 |
| AXP American Express Co. | Add +30.4% | 0.17% | +0.04 |
| CAT Caterpillar Inc. | Add +8.0% | 0.16% | +0.03 |
| ABBV Abbvie Inc. | Add +6.0% | 0.14% | +0.03 |
| RAL Ralliant Corp. | New | 0.03% | +0.03 |
| USDU Wisdomtree BBG Usd Bullish | Add +6.8% | 0.69% | +0.03 |
| EWN iShares MSCI Netherlands ETF | Add +0.8% | 1.19% | +0.03 |
| WFC Wells Fargo & Co. | Add +65.5% | 0.07% | +0.03 |
| CVS CVS Health Corp. | Add +1.5% | 0.47% | +0.03 |
| BA The Boeing Co. | New | 0.02% | +0.02 |
| PLD Prologis Inc. | Add +6.4% | 0.23% | +0.02 |
| ZGN Ermenegildo Zegna NV | Add +1.0% | 0.34% | +0.02 |
| POOL Pool Corp. | Add +1.8% | 0.57% | +0.02 |
| AM Antero Midstream Corp. | New | 0.02% | +0.02 |
| MNA Nylim Merger Arbtrage ETF-Ui | Add +4.5% | 1.00% | +0.02 |
| ABM Abm Industries Inc. | Add +147.7% | 0.03% | +0.01 |
| EFC Ellington Financial Inc. | New | 0.01% | +0.01 |
| GSEW Goldman Sachs Eql WGHT Large | Add +12.8% | 0.13% | +0.01 |
| LRCX Lam Research Corp. | New | 0.01% | +0.01 |
| T AT&T Inc. | New | 0.01% | +0.01 |
| DJP Ipath Bloomberg Commodity Inc. | Add +1.3% | 1.35% | +0.01 |
| COPX Global X Copper Miners ETF | New | 0.01% | +0.01 |
| LH Labcorp Holdings Inc. | New | 0.01% | +0.01 |
| LMT Lockheed Martin Corp. | New | 0.01% | +0.01 |
| MRK Merck & Co. Inc. | New | 0.01% | +0.01 |
| VOO Vanguard S&P 500 ETF | Add +40.0% | 0.03% | +0.01 |
| WMT Walmart Inc. | Add +0.2% | 0.79% | +0.01 |
| XOM Exxon Mobil Corp. | Add +0.9% | 0.58% | +0.00 |
| VCIT Vanguard Int-Term Corporate | Add +4.2% | 0.38% | +0.00 |
| CVX Chevron Corp. | Add +0.1% | 0.09% | +0.00 |
| TEL Te Connectivity PLC | Add +0.8% | 0.01% | +0.00 |
| CDNS Cadence Design SYS Inc. | Add +0.4% | 0.03% | +0.00 |
| NEE Nextera Energy Inc. | Add +0.5% | 0.04% | +0.00 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +12.9% | 0.01% | +0.00 |
| CSCO Cisco Systems Inc. | Add +8.1% | 0.08% | +0.00 |
| AMAT Applied Materials Inc. | Add +0.1% | 0.02% | +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 |