1y return+22.4%S&P 500 +20.9%
3y return+49.4%S&P 500 +68.5%
5y return+39.6%S&P 500 +74.5%
10y return+204.9%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $305 against $357 in the S&P 500.2
Osterweis Capital Management IncS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| GOOGAlphabet Inc | $113.8M | 6.2% | −1.5% |
| AAPLApple Inc | $69.4M | 3.8% | +426.2% |
| AMZNAmazon Com Inc | $60.2M | 3.3% | −2.4% |
| AMATApplied Matls Inc | $58.8M | 3.2% | −42.8% |
| ADIAnalog Devices Inc | $53.7M | 2.9% | −10.0% |
| MSFTMicrosoft Corp | $52.6M | 2.9% | −2.6% |
| LLYEli Lilly & Co | $52.3M | 2.8% | −2.7% |
| AVGOBroadcom Inc | $51.1M | 2.8% | −12.7% |
| VVisa Inc | $48.8M | 2.7% | −1.2% |
| WCNWaste Connections Inc | $46.4M | 2.5% | +15.7% |
| JPMJpmorgan Chase & Co | $45.8M | 2.5% | −1.0% |
| NVDANvidia Corporation | $44.5M | 2.4% | −2.8% |
| AZOAutozone Inc | $40.0M | 2.2% | |
| USFDUs Foods Hldg Corp | $36.1M | 2.0% | |
| DHRDanaher Corp Del | $35.4M | 1.9% | −2.6% |
| ABBVAbbvie Inc | $34.0M | 1.8% | +25.5% |
| TRNOTerreno Rlty Corp | $32.9M | 1.8% | −8.5% |
| AWKAmerican Wtr Wks Co Inc New | $32.8M | 1.8% | −2.8% |
| BABoeing Co | $31.8M | 1.7% | +34.5% |
| PGRProgressive Corp | $31.1M | 1.7% | −1.8% |
| LAMRLamar Advertising Co | $30.8M | 1.7% | −1.9% |
| BSXBoston Scientific Corp | $30.3M | 1.6% | +60.3% |
| SNPSSynopsys Inc | $30.2M | 1.6% | +53.5% |
| AMEAmetek Inc | $28.0M | 1.5% | −1.0% |
| FERGFerguson Enterprises Inc | $27.4M | 1.5% | −1.8% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | September 30, 2022 | +1548.3% | $44.5M |
| AVGOBroadcom Inc | September 30, 2022 | +750.7% | $51.1M |
| LLYEli Lilly & Co | June 30, 2020 | +630.6% | $52.3M |
| GOOGAlphabet Inc | June 30, 2020 | +399.9% | $113.8M |
| AMATApplied Matls Inc | March 31, 2025 | +398.2% | $58.8M |
| CDNLCardinal Infrastructure Grou | December 31, 2025 | +289.6% | $16.9M |
| ADIAnalog Devices Inc | September 30, 2020 | +240.2% | $53.7M |
| AAPLApple Inc | June 30, 2020 | +217.3% | $69.4M |
| PGRProgressive Corp | June 30, 2020 | +172.7% | $31.1M |
| ABBVAbbvie Inc | December 31, 2020 | +134.9% | $34.0M |
Sold off last quarter
- BROBrown & Brown Inc was $25.9M
- AORTArtivion Inc was $8.8M
- PLMRPalomar Hldgs Inc was $8.1M
- MODModine Mfg Co was $7.4M
- RMBSRambus Inc Del was $7.3M
- CAVACava Group Inc was $6.8M
- FSLYFastly Inc was $3.6M
- SPGIS&p Global Inc was $104K
- NOWServicenow Inc was $55K
- PANWPalo Alto Networks Inc was $32K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +17.7% | +14.8% |
| March 31, 2026 | −4.4% | −4.6% |
| December 31, 2025 | +3.9% | +2.4% |
| September 30, 2025 | +4.8% | +7.8% |
| June 30, 2025 | +7.2% | +10.5% |
| March 31, 2025 | −6.9% | −4.6% |
| December 31, 2024 | −2.4% | +2.1% |
| September 30, 2024 | +4.9% | +5.4% |
| June 30, 2024 | +1.3% | +4.0% |
| March 31, 2024 | +10.4% | +10.0% |
| December 31, 2023 | +12.9% | +11.2% |
| September 30, 2023 | −5.5% | −3.6% |
| June 30, 2023 | +6.5% | +8.3% |
| March 31, 2023 | +7.2% | +7.0% |
| December 31, 2022 | +6.6% | +7.1% |
| September 30, 2022 | −5.5% | −5.3% |
| June 30, 2022 | −16.6% | −16.5% |
| March 31, 2022 | −7.9% | −4.9% |
| December 31, 2021 | +7.8% | +10.7% |
| September 30, 2021 | −1.9% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Osterweis Capital Management Inc Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1007524&type=13F-HR&dateb=&owner=include&count=40CIK 1007524
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1007524/000100752426000003/Filed August 14, 2026 · accession 0001007524-26-000003