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OCM
Osterweis Capital Management Portfolio holdings
AUM
$1.94B
1-Year Est. Return
20.77%
This Fund
S&P 500
This Quarter
Est. Return
+10.61%
1 Year Est. Return
+20.77%
3 Year Est. Return
+69.82%
5 Year Est. Return
+88.03%
10 Year Est. Return
+482.02%
AUM
$2.09B
AUM Growth
+$64M
(+3.2%)
Cap. Flow
-$420M
Cap. Flow
% of AUM
-20.09%
Top 10 Holdings %
Top 10 Hldgs %
32.16%
Holding
430
New
96
Increased
83
Reduced
47
Closed
147
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Terreno Realty
TRNO
|
+$34.4M |
| 2 |
Applied Materials
AMAT
|
+$29.1M |
| 3 |
Danaher
DHR
|
+$21.9M |
| 4 |
Synopsys
SNPS
|
+$20.6M |
| 5 |
Labcorp
LH
|
+$19.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
UnitedHealth
UNH
|
+$44.8M |
| 2 |
EastGroup Properties
EGP
|
+$37.4M |
| 3 |
Thermo Fisher Scientific
TMO
|
+$32.4M |
| 4 |
Ross Stores
ROST
|
+$31.2M |
| 5 |
NVIDIA
NVDA
|
+$25.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.84% |
| 2 | Industrials | 10.98% |
| 3 | Healthcare | 9.87% |
| 4 | Financials | 9.26% |
| 5 | Consumer Discretionary | 7.72% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
iShares Core 1-5 Year USD Bond ETF
ISTB
$5.13B
| – | – |
0
| – | – |
|
102
Oracle
ORCL
$423B
| $403K | 0.02% |
1,845
-15
| -0.8% | -$2.42K |
|
103
Crane Co
CR
$12.7B
| $380K | 0.02% |
2,000
| – | – |
|
104
Merck
MRK
$318B
| $371K | 0.02% |
4,681
+463
| +11% | +$36.8K |
|
105
Walt Disney
DIS
$181B
| $368K | 0.02% |
2,965
-25
| -0.8% | -$2.6K |
|
106
American Express
AXP
$230B
| $358K | 0.02% |
1,123
+260
| +30% | +$73.2K |
|
107
Wells Fargo
WFC
$264B
| $357K | 0.02% |
4,457
+2,464
| +124% | +$178K |
|
108
Morgan Stanley
MS
$340B
| $343K | 0.02% |
2,433
+1,831
| +304% | +$225K |
|
|
FISV
109
Fiserv Inc
FISV
$27.9B
| $317K | 0.02% |
1,836
+518
| +39% | +$93.9K |
|
110
ServiceNow
NOW
$129B
| $305K | 0.01% |
1,485
+665
| +81% | +$125K |
|
111
Honeywell
HON
$78B
| $279K | 0.01% |
1,269
+393
| +45% | +$79.5K |
|
112
Walmart Inc
WMT
$890B
| $271K | 0.01% |
2,767
+2,247
| +432% | +$214K |
|
113
PNC Financial Services
PNC
$101B
| $256K | 0.01% |
+1,371
| New | +$232K |
|
114
RTX Corp
RTX
$301B
| $242K | 0.01% |
1,658
+1,005
| +154% | +$134K |
|
115
Tesla
TSLA
$1.3T
| $238K | 0.01% |
750
-35
| -4% | -$10.5K |
|
116
ProShares S&P 500 Dividend Aristocrats ETF
NOBL
$12B
| – | – |
0
| – | – |
|
117
iShares Expanded Tech Sector ETF
IGM
$10.7B
| – | – |
0
| – | – |
|
118
Airbnb
ABNB
$107B
| $227K | 0.01% |
1,715
-5
| -0.3% | -$633 |
|
119
HEICO Corp
HEI
$51.4B
| $220K | 0.01% |
671
| – | – |
|
120
Cisco
CSCO
$479B
| $213K | 0.01% |
3,067
+3,007
| +5,012% | +$185K |
|
|
MRSH
121
Marsh
MRSH
$91.5B
| $203K | 0.01% |
927
+922
| +18,440% | +$208K |
|
122
Intuitive Surgical
ISRG
$134B
| $200K | 0.01% |
+368
| New | +$192K |
|
123
Netflix
NFLX
$309B
| $200K | 0.01% |
1,490
+440
| +42% | +$49.7K |
|
124
KLA
KLAC
$259B
| $195K | 0.01% |
+2,180
| New | +$164K |
|
125
Chevron
CVX
$366B
| $195K | 0.01% |
1,363
+1,188
| +679% | +$167K |
|
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Osterweis Capital Management's Q2 2025 Portfolio in Review
As of Q2 2025, Osterweis Capital Management held 430 positions worth $2.09B, up 3.2% from $2.03B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Osterweis Capital Management withdrew a net $420M in Q2 2025, closing 147 positions and reducing 47 holdings. Its most notable exit was UnitedHealth, an estimated $44.8M position sold in full.
By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 19% a quarter earlier, followed by Industrials and Healthcare.
Against the trend, Osterweis Capital Management opened a new position in Terreno Realty worth $33.7M.
- Osterweis Capital Management's largest Q2 2025 buy was Terreno Realty: 601,025 shares worth $33.7M.
- Osterweis Capital Management added most to Applied Materials in Q2 2025, an estimated $29.1M increase.
- Osterweis Capital Management's biggest Q2 2025 reduction was Thermo Fisher Scientific, cutting an estimated $32.4M.
- Osterweis Capital Management fully exited UnitedHealth in Q2 2025, selling an estimated $44.8M.
- Osterweis Capital Management's ten largest holdings make up 32% of its $2.09B portfolio in Q2 2025.
- Osterweis Capital Management opened 96 new positions and closed 147 in Q2 2025.
- Osterweis Capital Management's portfolio value rose 3.2% quarter-over-quarter to $2.09B.
Based on Osterweis Capital Management's 13F filing for Q2 2025, filed 14 Aug 2025.