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OCM
Osterweis Capital Management Portfolio holdings
AUM
$2.12B
1-Year Est. Return
32.36%
This Fund
S&P 500
This Quarter
Est. Return
+21.23%
1 Year Est. Return
+32.36%
3 Year Est. Return
+93.72%
5 Year Est. Return
+113.14%
10 Year Est. Return
+557.09%
AUM
$2.12B
AUM Growth
+$182M
(+9.4%)
Cap. Flow
-$242M
Cap. Flow
% of AUM
-11.41%
Top 10 Holdings %
Top 10 Hldgs %
29.74%
Holding
242
New
14
Increased
25
Reduced
84
Closed
11
Avg Time Held
10.5
quarters
Top 10 Avg Time Held
10
quarters
Top 20 Avg Time Held
8.3
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$55.6M |
| 2 |
Arthur J. Gallagher & Co
AJG
|
+$19.5M |
| 3 |
Boston Scientific
BSX
|
+$14.5M |
| 4 |
Dutch Bros
BROS
|
+$11.6M |
| 5 |
Synopsys
SNPS
|
+$11.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Applied Materials
AMAT
|
+$28.1M |
| 2 |
Brown & Brown
BRO
|
+$25.9M |
| 3 |
Keysight
KEYS
|
+$24.9M |
| 4 |
L3Harris
LHX
|
+$21.5M |
| 5 |
Public Storage
PSA
|
+$17.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.57% |
| 2 | Industrials | 14.09% |
| 3 | Healthcare | 13.95% |
| 4 | Miscellaneous | 12.58% |
| 5 | Financials | 9.75% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
Deere & Co
DE
$174B
| $27.3M | 1.29% |
43,068
-423
| -1% | -$245K |
2024 Q3
7 quarters
|
|
27
NVR
NVR
$15.5B
| $27M | 1.27% |
3,962
+1,237
| +45% | +$7.86M |
2025 Q4
2 quarters
|
|
28
Canadian Pacific Kansas City
CP
$75.1B
| $26.4M | 1.25% |
304,752
-17,491
| -5% | -$1.5M |
2025 Q3
3 quarters
|
|
|
29
Arthur J. Gallagher & Co
AJG
$59.9B
| $21.1M | 1% |
+91,965
| New | +$19.5M |
2026 Q2
0 quarters
|
|
30
Air Products & Chemicals
APD
$64.1B
| $20.6M | 0.97% |
70,429
-44,017
| -38% | -$12.8M |
2020 Q1
25 quarters
|
|
31
Vericel Corp
VCEL
$2.07B
| $17.7M | 0.84% |
398,365
-2,680
| -0.7% | -$96.5K |
2025 Q2
4 quarters
|
|
32
Life Time Group Holdings
LTH
$8.83B
| $17.5M | 0.83% |
429,210
-90,350
| -17% | -$2.87M |
2024 Q4
6 quarters
|
|
33
SPX Corp
SPXC
$8.54B
| $17.4M | 0.82% |
71,108
+22,126
| +45% | +$4.84M |
2025 Q2
4 quarters
|
|
34
Novanta
NOVT
$5.59B
| $17.1M | 0.8% |
105,125
-1,925
| -2% | -$278K |
2025 Q4
2 quarters
|
|
35
Cardinal Infrastructure Group
CDNL
$378M
| $16.9M | 0.8% |
179,516
+9,580
| +6% | +$551K |
2025 Q4
2 quarters
|
|
36
SLB Ltd
SLB
$71.5B
| $16.9M | 0.8% |
363,472
-9,862
| -3% | -$529K |
2026 Q1
1 quarter
|
|
37
Twilio
TWLO
$43.7B
| $16.6M | 0.78% |
80,590
+14,660
| +22% | +$2.6M |
2025 Q4
2 quarters
|
|
38
VSE Corp
VSEC
$4.52B
| $16.4M | 0.77% |
71,699
-925
| -1% | -$178K |
2025 Q4
2 quarters
|
|
39
Axos Financial
AX
$5.01B
| $16.1M | 0.76% |
165,685
+1,945
| +1% | +$175K |
2025 Q2
4 quarters
|
|
40
Loar Holdings
LOAR
$5.79B
| $15.2M | 0.72% |
188,865
+50,495
| +36% | +$3.22M |
2026 Q1
1 quarter
|
|
41
Repligen
RGEN
$11.3B
| $15.1M | 0.71% |
110,995
+18,775
| +20% | +$2.31M |
2025 Q3
3 quarters
|
|
|
42
Keysight
KEYS
$62.8B
| $14.8M | 0.7% |
42,323
-73,070
| -63% | -$24.9M |
2023 Q4
10 quarters
|
|
43
Guardant Health
GH
$21.9B
| $14.6M | 0.69% |
97,320
-51,626
| -35% | -$5.61M |
2025 Q1
5 quarters
|
|
|
44
Dutch Bros
BROS
$5.2B
| $14.5M | 0.68% |
+201,610
| New | +$11.6M |
2026 Q2
0 quarters
|
|
45
Alignment Healthcare
ALHC
$1.73B
| $14.4M | 0.68% |
604,000
+257,015
| +74% | +$4.93M |
2026 Q1
1 quarter
|
|
46
DigitalOcean
DOCN
$15.2B
| $14.4M | 0.68% |
91,535
-24,430
| -21% | -$3.3M |
2026 Q1
1 quarter
|
|
47
AtriCure
ATRC
$2.92B
| $14M | 0.66% |
501,355
+151,710
| +43% | +$4.27M |
2025 Q1
5 quarters
|
|
48
Meta Platforms (Facebook)
META
$1.94T
| $14M | 0.66% |
24,876
-176
| -0.7% | -$108K |
2020 Q4
22 quarters
|
|
49
Corpay
CPAY
$26.1B
| $13.6M | 0.64% |
40,873
-994
| -2% | -$330K |
2025 Q2
4 quarters
|
|
50
Boot Barn
BOOT
$3.52B
| $13.3M | 0.63% |
81,015
+22,335
| +38% | +$3.62M |
2026 Q1
1 quarter
|
|
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Osterweis Capital Management's Q2 2026 Portfolio in Review
As of Q2 2026, Osterweis Capital Management held 242 positions worth $2.12B, up 9.4% from $1.94B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Osterweis Capital Management withdrew a net $242M in Q2 2026, closing 11 positions and reducing 84 holdings. Its most notable exit was Brown & Brown, an estimated $25.9M position sold in full.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 21% a quarter earlier, followed by Industrials and Healthcare.
Against the trend, Osterweis Capital Management opened a new position in Arthur J. Gallagher & Co worth $21.1M.
- Osterweis Capital Management's largest Q2 2026 buy was Arthur J. Gallagher & Co: 91,965 shares worth $21.1M.
- Osterweis Capital Management added most to Apple in Q2 2026, an estimated $55.6M increase.
- Osterweis Capital Management's biggest Q2 2026 reduction was Applied Materials, cutting an estimated $28.1M.
- Osterweis Capital Management fully exited Brown & Brown in Q2 2026, selling an estimated $25.9M.
- Osterweis Capital Management's ten largest holdings make up 30% of its $2.12B portfolio in Q2 2026.
- Osterweis Capital Management opened 14 new positions and closed 11 in Q2 2026.
- Osterweis Capital Management's portfolio value rose 9.4% quarter-over-quarter to $2.12B.
Based on Osterweis Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.