# OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1005607. Source: https://holderbook.com/funds/1005607-osborne-partners-capital-management-llc/

- Reported value: $1.8B
- Positions: 203
- Weight of the ten largest: 33.3%
- Filed: 2026-08-04

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $153.8M | 1,836,963 | 8.5% | 22 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $70.8M | 1,186,805 | 3.9% | 22 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $69.3M | 239,363 | 3.8% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $52.6M | 141,053 | 2.9% | 31 |
| ISHARES INC | [EWJ](https://holderbook.com/stocks/EWJ/) | $49.5M | 530,341 | 2.7% | 22 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $44.8M | 464,333 | 2.5% | 22 |
| VANGUARD INTL EQUITY INDEX F | [VGK](https://holderbook.com/stocks/VGK/) | $43.7M | 493,178 | 2.4% | 22 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $41.0M | 116,116 | 2.3% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $38.0M | 159,640 | 2.1% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $35.7M | 178,271 | 2.0% | 14 |
| SPDR INDEX SHS FDS | [RWX](https://holderbook.com/stocks/RWX/) | $31.8M | 1,176,078 | 1.8% | 16 |
| BARCLAYS BANK PLC | [DJP](https://holderbook.com/stocks/DJP/) | $31.1M | 710,414 | 1.7% | 22 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $30.6M | 93,527 | 1.7% | 31 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $30.1M | 51,791 | 1.7% | 15 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $29.4M | 82,223 | 1.6% | 31 |
| SSGA ACTIVE ETF TR | [SRLN](https://holderbook.com/stocks/SRLN/) | $29.2M | 723,630 | 1.6% | 22 |
| GLOBAL X FDS | [DAX](https://holderbook.com/stocks/DAX/) | $27.7M | 627,800 | 1.5% | 16 |
| ISHARES INC | [EWN](https://holderbook.com/stocks/EWN/) | $27.6M | 392,552 | 1.5% | 22 |
| SPDR SERIES TRUST | [XBI](https://holderbook.com/stocks/XBI/) | $26.7M | 169,027 | 1.5% | 18 |
| ISHARES TR | [ILF](https://holderbook.com/stocks/ILF/) | $21.9M | 647,988 | 1.2% | 22 |
| ISHARES TR | [ICSH](https://holderbook.com/stocks/ICSH/) | $21.8M | 431,446 | 1.2% | 22 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $20.9M | 41,743 | 1.2% | 31 |
| NEW YORK LIFE INVESTMENTS ET | [MNA](https://holderbook.com/stocks/MNA/) | $20.9M | 571,652 | 1.2% | 22 |
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $19.5M | 225,391 | 1.1% | 11 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $19.4M | 56,975 | 1.1% | 31 |
| ISHARES TR | [SGOV](https://holderbook.com/stocks/SGOV/) | $19.3M | 191,811 | 1.1% | 5 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $19.0M | 25,414 | 1.1% | 31 |
| ISHARES TR | [ICVT](https://holderbook.com/stocks/ICVT/) | $18.3M | 150,291 | 1.0% | 22 |
| SPDR INDEX SHS FDS | [GXC](https://holderbook.com/stocks/GXC/) | $17.1M | 198,188 | 1.0% | 22 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $16.5M | 29,299 | 0.9% | 26 |
| BLOCK INC | [XYZ](https://holderbook.com/stocks/XYZ/) | $16.3M | 214,915 | 0.9% | 8 |
| CARNIVAL CORP LTD | [CCL](https://holderbook.com/stocks/CCL/) | $15.6M | 546,785 | 0.9% | 1 |
| TAKE-TWO INTERACTIVE SOFTWAR | [TTWO](https://holderbook.com/stocks/TTWO/) | $15.0M | 59,826 | 0.8% | 22 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $14.9M | 8,802 | 0.8% | 22 |
| WISDOMTREE TR | [USDU](https://holderbook.com/stocks/USDU/) | $14.9M | 556,910 | 0.8% | 15 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $14.6M | 7,341 | 0.8% | 7 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $14.3M | 75,311 | 0.8% | 31 |
| COLUMBIA ETF TR II | [INCO](https://holderbook.com/stocks/INCO/) | $13.7M | 230,518 | 0.8% | 22 |
| BORGWARNER INC | [BWA](https://holderbook.com/stocks/BWA/) | $13.4M | 201,332 | 0.7% | 30 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $13.3M | 45,373 | 0.7% | 31 |
| RYANAIR HOLDINGS PLC | [RYAAY](https://holderbook.com/stocks/RYAAY/) | $13.2M | 203,810 | 0.7% | 19 |
| INVESCO EXCHANGE TRADED FD T | [PRF](https://holderbook.com/stocks/PRF/) | $12.7M | 235,402 | 0.7% | 31 |
| NXP SEMICONDUCTORS N V | [NXPI](https://holderbook.com/stocks/NXPI/) | $12.7M | 45,181 | 0.7% | 31 |
| JPMORGAN CHASE FINL CO LLC | [AMJB](https://holderbook.com/stocks/AMJB/) | $12.6M | 364,721 | 0.7% | 9 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $12.4M | 36,231 | 0.7% | 31 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $12.3M | 119,356 | 0.7% | 31 |
| ERMENEGILDO ZEGNA N V | [ZGN](https://holderbook.com/stocks/ZGN/) | $12.2M | 936,573 | 0.7% | 6 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $11.9M | 123,970 | 0.7% | 31 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $11.7M | 364,609 | 0.6% | 22 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $11.1M | 65,747 | 0.6% | 31 |
| CAESARS ENTERTAINMENT INC NE | [CZR](https://holderbook.com/stocks/CZR/) | $10.9M | 361,162 | 0.6% | 24 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $10.8M | 26,083 | 0.6% | 3 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $10.8M | 112,569 | 0.6% | 31 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $10.7M | 68,157 | 0.6% | 17 |
| MARSH & MCLENNAN COS INC | [MRSH](https://holderbook.com/stocks/MRSH/) | $10.6M | 63,706 | 0.6% | 31 |
| ISHARES TR | [ACWX](https://holderbook.com/stocks/ACWX/) | $10.4M | 136,270 | 0.6% | 16 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $10.1M | 127,791 | 0.6% | 22 |
| TREX INC | [TREX](https://holderbook.com/stocks/TREX/) | $10.0M | 199,236 | 0.6% | 3 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $10.0M | 109,722 | 0.6% | 31 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $9.8M | 55,044 | 0.5% | 26 |
| UNITED RENTALS INC | [URI](https://holderbook.com/stocks/URI/) | $9.6M | 8,464 | 0.5% | 2 |
| POOL CORP | [POOL](https://holderbook.com/stocks/POOL/) | $9.3M | 43,323 | 0.5% | 16 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $9.2M | 106,582 | 0.5% | 31 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $9.1M | 41,469 | 0.5% | 31 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $9.1M | 119,988 | 0.5% | 21 |
| MGM RESORTS INTERNATIONAL | [MGM](https://holderbook.com/stocks/MGM/) | $9.0M | 189,102 | 0.5% | 31 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $9.0M | 194,359 | 0.5% | 31 |
| WILLSCOT HLDGS CORP | [WSC](https://holderbook.com/stocks/WSC/) | $8.7M | 301,109 | 0.5% | 11 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $8.6M | 63,411 | 0.5% | 31 |
| ICON PUB LTD CO | [ICLR](https://holderbook.com/stocks/ICLR/) | $8.5M | 48,671 | 0.5% | 11 |
| PLANET FITNESS MASTER ISSUER | [PLNT](https://holderbook.com/stocks/PLNT/) | $8.5M | 161,997 | 0.5% | 25 |
| ELASTIC N V | [ESTC](https://holderbook.com/stocks/ESTC/) | $8.2M | 143,544 | 0.5% | 25 |
| CBRE GROUP INC | [CBRE](https://holderbook.com/stocks/CBRE/) | $8.1M | 60,288 | 0.5% | 22 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $7.9M | 33,536 | 0.4% | 31 |
| LAS VEGAS SANDS CORP | [LVS](https://holderbook.com/stocks/LVS/) | $7.9M | 171,426 | 0.4% | 9 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $7.3M | 88,720 | 0.4% | 22 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $7.2M | 176,069 | 0.4% | 17 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $7.1M | 71,611 | 0.4% | 2 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $7.1M | 56,840 | 0.4% | 31 |
| GOLDMAN SACHS PHYSICAL GOLD | [AAAU](https://holderbook.com/stocks/AAAU/) | $7.0M | 177,988 | 0.4% | 13 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $7.0M | 32,290 | 0.4% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $6.4M | 5,970 | 0.4% | 31 |
| FIRST BUSEY CORP | [BUSE](https://holderbook.com/stocks/BUSE/) | $6.2M | 210,214 | 0.3% | 11 |
| TRIP COM GROUP LTD | [TCOM](https://holderbook.com/stocks/TCOM/) | $5.9M | 149,123 | 0.3% | 22 |
| SUN CMNTYS INC | [SUI](https://holderbook.com/stocks/SUI/) | $5.8M | 48,551 | 0.3% | 14 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $5.3M | 7,358 | 0.3% | 31 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $5.2M | 38,355 | 0.3% | 7 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $5.2M | 72,214 | 0.3% | 2 |
| INVESCO EXCHANGE TRADED FD T | [PDP](https://holderbook.com/stocks/PDP/) | $5.2M | 33,954 | 0.3% | 31 |
| MCGRATH RENTCORP | [MGRC](https://holderbook.com/stocks/MGRC/) | $4.4M | 36,210 | 0.2% | 1 |
| FIDELITY NATL INFORMATION SV | [FIS](https://holderbook.com/stocks/FIS/) | $4.3M | 110,384 | 0.2% | 19 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $4.1M | 3,458 | 0.2% | 9 |
| QUEST DIAGNOSTICS INC | [DGX](https://holderbook.com/stocks/DGX/) | $3.9M | 18,635 | 0.2% | 1 |
| APOLLO GLOBAL MGMT INC | [APO](https://holderbook.com/stocks/APO/) | $3.8M | 32,216 | 0.2% | 5 |
| BOSTON SCIENTIFIC CORP | [BSX](https://holderbook.com/stocks/BSX/) | $3.7M | 86,598 | 0.2% | 2 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $3.4M | 10,027 | 0.2% | 31 |
| INGERSOLL RAND INC | [IR](https://holderbook.com/stocks/IR/) | $3.3M | 40,516 | 0.2% | 1 |
| INVESCO EXCH TRADED FD TR II | [BKLN](https://holderbook.com/stocks/BKLN/) | $3.1M | 149,975 | 0.2% | 3 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $3.1M | 12,583 | 0.2% | 31 |
| GOLDMAN SACHS ETF TR | [GSEW](https://holderbook.com/stocks/GSEW/) | $2.9M | 31,061 | 0.2% | 6 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +10.8% | +14.8% | -4.0% | 99% |
| Q1 2026 | -2.9% | -4.6% | +1.7% | 100% |
| Q4 2025 | +1.8% | +2.4% | -0.5% | 100% |
| Q3 2025 | +5.6% | +7.8% | -2.2% | 100% |
| Q2 2025 | +6.6% | +10.5% | -3.8% | 100% |
| Q1 2025 | -0.5% | -4.6% | +4.0% | 100% |
| Q4 2024 | -3.1% | +2.1% | -5.2% | 100% |
| Q3 2024 | +6.1% | +5.4% | +0.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.8B | 203 |
| Q1 2026 | $1.9B | 197 |
| Q4 2025 | $1.9B | 196 |
| Q3 2025 | $2.0B | 206 |
| Q2 2025 | $1.9B | 205 |
| Q1 2025 | $1.7B | 212 |
| Q4 2024 | $1.7B | 218 |
| Q3 2024 | $1.8B | 221 |
| Q2 2024 | $1.7B | 218 |
| Q1 2024 | $1.6B | 201 |
| Q4 2023 | $1.5B | 208 |
| Q3 2023 | $1.4B | 195 |