13F HOLDINGS REPORT

OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC

Quarter ended Q3 2025 · Filed October 30, 2025 · Accession 0001765380-25-000434

Total Value

$1.97B

Positions

206

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (206)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	VANGUARD INTL EQUITY INDEX F	922042775	1,909,825	$136.3M	6.92%
2	APPLE INC	AAPL	294,199	$74.9M	3.80%
3	MICROSOFT CORP	MSFT	137,490	$71.2M	3.62%
4	VANGUARD INTL EQUITY INDEX F	922042858	1,219,790	$66.1M	3.36%
5	ISHARES INC	46434G822	537,155	$43.1M	2.19%
6	VANGUARD INDEX FDS	922908553	454,308	$41.5M	2.11%
7	VANGUARD INTL EQUITY INDEX F	922042874	500,058	$39.9M	2.03%
8	NVIDIA CORPORATION	NVDA	212,772	$39.7M	2.02%
9	JPMORGAN CHASE & CO.	VYLD	113,054	$35.7M	1.81%
10	ALPHABET INC	GOOG	139,540	$34.0M	1.73%
11	SPDR INDEX SHS FDS	78463X863	1,166,967	$32.5M	1.65%
12	SSGA ACTIVE ETF TR	78467V608	770,616	$32.0M	1.63%
13	AMAZON COM INC	AMZN	140,850	$30.9M	1.57%
14	ALPHABET INC	GOOG	118,513	$28.8M	1.46%
15	GLOBAL X FDS	37954Y491	622,931	$27.9M	1.42%
16	ISHARES TR	46434V878	534,890	$27.1M	1.38%
17	BARCLAYS BANK PLC	VXZ	753,078	$26.7M	1.36%
18	ISHARES INC	464286814	404,093	$23.4M	1.19%
19	PALO ALTO NETWORKS INC	PANW	109,613	$22.3M	1.13%
20	META PLATFORMS INC	META	29,269	$21.5M	1.09%
21	SPDR INDEX SHS FDS	78463X400	196,710	$20.6M	1.05%
22	LAS VEGAS SANDS CORP	LVS	382,342	$20.6M	1.04%
23	ALIBABA GROUP HLDG LTD	BBAAY	111,912	$20.0M	1.02%
24	ISHARES TR	464287390	682,973	$19.7M	1.00%
25	NEW YORK LIFE INVESTMENTS ET	45409B800	547,291	$19.6M	1.00%
26	ISHARES TR	464287432	218,243	$19.5M	0.99%
27	DANAHER CORPORATION	235851102	98,234	$19.5M	0.99%
28	MERCADOLIBRE INC	MELI	8,177	$19.1M	0.97%
29	ISHARES TR	46436E718	188,965	$19.0M	0.97%
30	SPDR SERIES TRUST	78464A870	187,565	$18.8M	0.95%
31	ADVANCED MICRO DEVICES INC	AMD	111,592	$18.1M	0.92%
32	BERKSHIRE HATHAWAY INC DEL	BRK-A	35,438	$17.8M	0.90%
33	SPDR S&P 500 ETF TR	SPY	26,666	$17.8M	0.90%
34	CHENIERE ENERGY INC	LNG	73,148	$17.2M	0.87%
35	BORGWARNER INC	BWA	376,020	$16.5M	0.84%
36	THERMO FISHER SCIENTIFIC INC	TMO	32,608	$15.8M	0.80%
37	SALESFORCE INC	CRM	66,177	$15.7M	0.80%
38	MARSH & MCLENNAN COS INC	571748102	77,362	$15.6M	0.79%
39	VISA INC	V	45,610	$15.6M	0.79%
40	WALMART INC	WMT	150,804	$15.5M	0.79%
41	TAKE-TWO INTERACTIVE SOFTWAR	TTWO	60,013	$15.5M	0.79%
42	ISHARES TR	46435G102	152,822	$15.3M	0.78%
43	AUTOMATIC DATA PROCESSING IN	ADP	51,522	$15.1M	0.77%
44	COLUMBIA ETF TR II	19762B707	232,823	$15.1M	0.76%
45	CARNIVAL PLC	CUKPF	569,026	$15.0M	0.76%
46	BLOCK INC	BSQKZ	207,278	$15.0M	0.76%
47	ABBOTT LABS	ABLZF	108,670	$14.6M	0.74%
48	UNION PAC CORP	UNP	59,974	$14.2M	0.72%
49	DISNEY WALT CO	254687106	121,826	$13.9M	0.71%
50	WISDOMTREE TR	WT	512,305	$13.5M	0.69%
51	ISHARES GOLD TR	IAU	182,341	$13.3M	0.67%
52	NXP SEMICONDUCTORS N V	NXPI	57,728	$13.1M	0.67%
53	VANGUARD SCOTTSDALE FDS	92206C409	156,594	$12.5M	0.64%
54	AIR PRODS & CHEMS INC	AIIR	45,860	$12.5M	0.63%
55	VULCAN MATLS CO	929160109	40,549	$12.5M	0.63%
56	RYANAIR HOLDINGS PLC	RYAOF	205,350	$12.4M	0.63%
57	MGM RESORTS INTERNATIONAL	MGM	343,171	$11.9M	0.60%
58	BOOKING HOLDINGS INC	BKNG	2,119	$11.4M	0.58%
59	EXXON MOBIL CORP	XOM	101,377	$11.4M	0.58%
60	NICE LTD	NCSYF	78,610	$11.4M	0.58%
61	INVESCO EXCHANGE TRADED FD T	IVZ	250,206	$11.3M	0.57%
62	COSTCO WHSL CORP NEW	22160K105	12,214	$11.3M	0.57%
63	POOL CORP	POOL	36,379	$11.3M	0.57%
64	PROCTER AND GAMBLE CO	742718109	72,179	$11.1M	0.56%
65	JPMORGAN CHASE FINL CO LLC	VYLD	375,265	$11.1M	0.56%
66	GOLDMAN SACHS PHYSICAL GOLD	38150K103	290,051	$11.1M	0.56%
67	TRIP COM GROUP LTD	TRPCF	144,200	$10.8M	0.55%
68	KINDER MORGAN INC DEL	EP-PC	372,508	$10.5M	0.54%
69	CAESARS ENTERTAINMENT INC NE	12769G100	379,053	$10.2M	0.52%
70	LOWES COS INC	548661107	39,708	$10.0M	0.51%
71	CBRE GROUP INC	CBRE	60,274	$9.5M	0.48%
72	RTX CORPORATION	RTX	56,446	$9.4M	0.48%
73	CVS HEALTH CORP	CVS	122,497	$9.2M	0.47%
74	PHILLIPS 66	PSX	67,312	$9.2M	0.46%
75	ICON PLC	ICLR	51,590	$9.0M	0.46%
76	ISHARES TR	464288240	138,775	$9.0M	0.46%
77	PEPSICO INC	PEP	63,005	$8.8M	0.45%
78	VANGUARD INDEX FDS	922908736	18,083	$8.7M	0.44%
79	GLOBAL PMTS INC	37940X102	102,780	$8.5M	0.43%
80	VANGUARD SPECIALIZED FUNDS	921908844	38,781	$8.4M	0.42%
81	FIRST BUSEY CORP	BUSEP	361,138	$8.4M	0.42%
82	SCHLUMBERGER LTD	SLB	241,437	$8.3M	0.42%
83	LKQ CORP	LKQ	269,737	$8.2M	0.42%
84	CENTENE CORP DEL	CNC	229,813	$8.2M	0.42%
85	VANGUARD INDEX FDS	922908769	24,435	$8.0M	0.41%
86	KEYSIGHT TECHNOLOGIES INC	KEYS	44,938	$7.9M	0.40%
87	HOME DEPOT INC	HD	19,337	$7.8M	0.40%
88	WILLSCOT HLDGS CORP	WSC	369,383	$7.8M	0.40%
89	PLANET FITNESS INC	PLNT	72,523	$7.5M	0.38%
90	VANGUARD SCOTTSDALE FDS	92206C870	88,999	$7.5M	0.38%
91	ASML HOLDING N V	ASMLF	7,648	$7.4M	0.38%
92	FIDELITY NATL INFORMATION SV	31620M106	109,286	$7.2M	0.37%
93	PHILIP MORRIS INTL INC	718172109	42,012	$6.8M	0.35%
94	ERMENEGILDO ZEGNA N V	ZGN	717,646	$6.8M	0.34%
95	ELASTIC N V	ESTC	80,089	$6.8M	0.34%
96	WORKDAY INC	WDAY	27,180	$6.5M	0.33%
97	ISHARES TR	464287614	13,950	$6.5M	0.33%
98	VANGUARD INDEX FDS	922908744	33,411	$6.2M	0.32%
99	SUN CMNTYS INC	866674104	46,965	$6.1M	0.31%
100	NIKE INC	NKE	84,536	$5.9M	0.30%
101	PFIZER INC	PFE	186,851	$4.8M	0.24%
102	AIR LEASE CORP	AIIR	74,185	$4.7M	0.24%
103	PROLOGIS INC.	PLDGP	39,037	$4.5M	0.23%
104	INVESCO EXCHANGE TRADED FD T	IVZ	35,208	$4.2M	0.21%
105	APOLLO GLOBAL MGMT INC	03769M106	30,040	$4.0M	0.20%
106	NUCOR CORP	NUE	28,200	$3.8M	0.19%
107	BRISTOL-MYERS SQUIBB CO	CELG-RI	83,290	$3.8M	0.19%
108	TRAVELERS COMPANIES INC	TRV	13,322	$3.7M	0.19%
109	DENTSPLY SIRONA INC	XRAY	290,048	$3.7M	0.19%
110	FREEPORT-MCMORAN INC	FCX	91,753	$3.6M	0.18%
111	JOHNSON & JOHNSON	JNJ	19,395	$3.6M	0.18%
112	AMGEN INC	AMGN	12,110	$3.4M	0.17%
113	AMERICAN EXPRESS CO	AXP	10,125	$3.4M	0.17%
114	QUANTA SVCS INC	74762E102	7,813	$3.2M	0.16%
115	CATERPILLAR INC	CAT	6,525	$3.1M	0.16%
116	ABBVIE INC	ABBV	12,311	$2.9M	0.14%
117	MONDELEZ INTL INC	609207105	45,457	$2.8M	0.14%
118	YUM BRANDS INC	YUM	17,900	$2.7M	0.14%
119	ELI LILLY & CO	LLY	3,474	$2.7M	0.13%
120	GOLDMAN SACHS ETF TR	NVGLF	30,331	$2.6M	0.13%
121	KIMBERLY-CLARK CORP	KMB	20,600	$2.6M	0.13%
122	ISHARES TR	464287598	11,900	$2.4M	0.12%
123	COCA COLA CO	KO	36,121	$2.4M	0.12%
124	ORACLE CORP	ORCL-PD	8,448	$2.4M	0.12%
125	INVESCO EXCHANGE TRADED FD T	IVZ	11,833	$2.2M	0.11%
126	FORTIVE CORP	FTV	41,555	$2.0M	0.10%
127	ISHARES TR	464287168	13,719	$1.9M	0.10%
128	ISHARES TR	464287200	2,872	$1.9M	0.10%
129	BROADCOM INC	AVGO	5,699	$1.9M	0.10%
130	CHEVRON CORP NEW	CVX	11,224	$1.7M	0.09%
131	ISHARES TR	464287655	6,874	$1.7M	0.08%
132	CISCO SYS INC	CSCO	23,835	$1.6M	0.08%
133	AMERICAN TOWER CORP NEW	03027X100	8,302	$1.6M	0.08%
134	ISHARES TR	464287465	16,851	$1.6M	0.08%
135	GE AEROSPACE	369604301	4,892	$1.5M	0.07%
136	INVESCO QQQ TR	IVZ	2,446	$1.5M	0.07%
137	SPDR S&P MIDCAP 400 ETF TR	MDY	2,415	$1.4M	0.07%
138	AUTOZONE INC	AZO	333	$1.4M	0.07%
139	WELLS FARGO CO NEW	949746101	16,811	$1.4M	0.07%
140	DEERE & CO	DE	3,050	$1.4M	0.07%
141	VANGUARD TAX-MANAGED FDS	921943858	21,524	$1.3M	0.07%
142	ISHARES U S ETF TR	46431W507	23,400	$1.2M	0.06%
143	ISHARES TR	464287234	20,910	$1.1M	0.06%
144	SPDR SERIES TRUST	78464A607	10,887	$1.1M	0.06%
145	INTERNATIONAL BUSINESS MACHS	INTR	3,007	$848,455	0.04%
146	SCHWAB CHARLES CORP	SCHW-PJ	8,848	$844,727	0.04%
147	NEXTERA ENERGY INC	NEE-PW	10,608	$800,798	0.04%
148	YUM CHINA HLDGS INC	YUMC	17,941	$770,028	0.04%
149	CARMAX INC	KMX	17,000	$762,790	0.04%
150	BP PLC	BPPFF	21,703	$747,885	0.04%
151	GE VERNOVA INC	GEV	1,185	$728,657	0.04%
152	SHELL PLC	RYDAF	10,000	$715,300	0.04%
153	KENVUE INC	KVUE	43,500	$706,005	0.04%
154	ECOLAB INC	ECL	2,428	$664,932	0.03%
155	ISHARES TR	464287622	1,754	$641,052	0.03%
156	ISHARES TR	464287499	6,600	$637,230	0.03%
157	VANGUARD INTL EQUITY INDEX F	922042676	12,776	$609,926	0.03%
158	ISHARES TR	464288877	8,800	$596,904	0.03%
159	CSX CORP	CSX	16,785	$596,035	0.03%
160	RALLIANT CORP	RAL	13,150	$575,050	0.03%
161	ISHARES TR	46435G425	3,947	$574,683	0.03%
162	OMEGA HEALTHCARE INVS INC	681936100	13,055	$551,182	0.03%
163	MCDONALDS CORP	MCD	1,714	$520,846	0.03%
164	VANGUARD INDEX FDS	922908363	833	$510,242	0.03%
165	ABM INDS INC	000957100	10,900	$502,708	0.03%
166	CADENCE DESIGN SYSTEM INC	CDNS	1,405	$493,520	0.03%
167	BOEING CO	BA-PA	2,125	$458,639	0.02%
168	CF INDS HLDGS INC	125269100	4,983	$446,975	0.02%
169	VANGUARD STAR FDS	921909768	5,350	$393,011	0.02%
170	ISHARES TR	464287507	5,890	$384,390	0.02%
171	J P MORGAN EXCHANGE TRADED F	46641Q332	6,555	$374,291	0.02%
172	APPLIED MATLS INC	038222105	1,760	$360,277	0.02%
173	TESLA INC	TSLA	802	$356,665	0.02%
174	ISHARES TR	46434V738	5,060	$344,687	0.02%
175	ANTERO MIDSTREAM CORP	AM	17,425	$338,742	0.02%
176	ISHARES TR	464287150	2,258	$328,878	0.02%
177	ISHARES TR	46429B671	4,965	$326,945	0.02%
178	MARRIOTT INTL INC NEW	571903202	1,245	$324,248	0.02%
179	MASTERCARD INCORPORATED	MA	539	$306,399	0.02%
180	VANGUARD INDEX FDS	922908751	1,203	$306,011	0.02%
181	OGE ENERGY CORP	OGE	6,500	$300,755	0.02%
182	MORGAN STANLEY	MS-PQ	1,875	$298,050	0.02%
183	D R HORTON INC	23331A109	1,747	$296,064	0.02%
184	VANGUARD INDEX FDS	922908629	989	$290,472	0.01%
185	ELLINGTON FINANCIAL INC	EFC-PD	22,075	$286,534	0.01%
186	TE CONNECTIVITY PLC	TEL	1,299	$285,169	0.01%
187	BANK AMERICA CORP	060505104	5,416	$279,415	0.01%
188	LAM RESEARCH CORP	LRCX	2,051	$274,629	0.01%
189	COMCAST CORP NEW	CCZ	8,629	$271,123	0.01%
190	VERIZON COMMUNICATIONS INC	VZ	6,065	$266,557	0.01%
191	GRAYSCALE BITCOIN TRUST ETF	GBTC	2,905	$260,782	0.01%
192	LINDE PLC	LIN	545	$258,875	0.01%
193	INVESCO EXCHANGE TRADED FD T	IVZ	3,577	$257,937	0.01%
194	ISHARES TR	464288224	16,385	$253,640	0.01%
195	VANECK ETF TRUST	92189F502	1,956	$248,529	0.01%
196	AT&T INC	T-PC	8,616	$243,316	0.01%
197	GENERAL MLS INC	370334104	4,500	$226,890	0.01%
198	GLOBAL X FDS	37954Y830	3,740	$223,689	0.01%
199	CARRIER GLOBAL CORPORATION	CARR	3,714	$221,726	0.01%
200	LABCORP HOLDINGS INC	LH	753	$216,156	0.01%
201	LOCKHEED MARTIN CORP	LMT	427	$213,334	0.01%
202	MERCK & CO INC	MRK	2,411	$202,343	0.01%
203	ASANA INC	ASAN	14,026	$187,387	0.01%
204	NUVEEN CALIFORNIA MUNI VLU F	NU	17,000	$151,300	0.01%
205	PLAYSTUDIOS INC	MYPSW	145,050	$139,625	0.01%
206	FATE THERAPEUTICS INC	FATE	10,000	$12,600	0.00%