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Asset Manager ← All Institutions

OSTERWEIS CAPITAL MANAGEMENT INC

Q3 2025 · Filed 2025-11-14
Market Value
$1.7B
+4.0%
Holdings
281
-135
New Purchases
17
Added To
49
Closed
26
Reduced
69
Top 10 Concentration
37.3%
Turnover
15.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
LLY 2.18% 0.55% +1.63% $37M
ICE 1.25% 0.00% +1.25% $21M
GOOG 6.36% 5.30% +1.07% $107M
CWST 0.69% 0.00% +0.69% $12M
RGEN 0.58% 0.00% +0.58% $10M
LSCC 0.58% 0.00% +0.58% $10M
WAY 0.49% 0.00% +0.49% $8M
AVGO 4.15% 3.65% +0.49% $70M
SITM 1.03% 0.63% +0.39% $17M
AORT 0.61% 0.23% +0.37% $10M
TTAN 0.58% 0.23% +0.35% $10M
TPB 0.49% 0.17% +0.32% $8M
AX 0.71% 0.40% +0.32% $12M
AZO 2.98% 2.69% +0.29% $50M
CHYM 0.23% 0.00% +0.23% $4M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ODFL 0.01% 1.16% -1.15% $85K
MSFT 5.91% 7.02% -1.12% $99M
TECH 0.00% 0.48% -0.48% $0
FERG 1.69% 2.15% -0.46% $28M
BOOT 0.00% 0.43% -0.43% $0
ACMR 0.00% 0.43% -0.43% $0
VERX 0.00% 0.41% -0.41% $0
LAD 0.21% 0.60% -0.39% $3M
HNGE 0.00% 0.38% -0.38% $0
PLMR 0.00% 0.35% -0.35% $0
INTU 1.78% 2.11% -0.32% $30M
LHX 2.06% 2.37% -0.31% $35M
DUOL 0.00% 0.29% -0.29% $0
RELY 0.00% 0.28% -0.28% $0
AFRM 0.28% 0.55% -0.27% $5M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 50 $612M 36.4%
Large Cap 161 $813M 48.4%
Mid Cap 55 $194M 11.5%
Small Cap 15 $63M 3.7%

Portfolio Analytics

Avg Market Cap
$220.8B
Median Market Cap
$41.2B
Avg P/E
36.5
Median P/E
25.6
Avg Dividend Yield
0.01%
Avg Beta
1.03
# Stocks
261
# ETFs / Funds
20

Top Holdings (281 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 GOOG 6.36% 439,530 $107M $243.55 $21M -43,616 -9.0%
2 MSFT 5.91% 191,764 $99M $517.95 -$14M -36,560 -16.0%
3 AMZN 4.62% 354,201 $78M $219.57 $80K +74 +0.0%
4 AVGO 4.15% 211,365 $70M $329.91 $11M -3,008 -1.4%
5 AZO 2.98% 11,669 $50M $4,290.24 $7M -55 -0.5%
6 V 2.88% 142,091 $49M $341.38 -$1M +2,025 +1.4%
7 DHR 2.84% 241,242 $48M $198.26 $177K +16 +0.0%
8 JPM 2.67% 142,286 $45M $315.43 $4M +525 +0.4%
9 AWK 2.47% 298,059 $41M $139.19 $457K +3,116 +1.1%
10 APD 2.42% 149,057 $41M $272.72 -$1M +73 +0.1%
11 BRO 2.36% 423,591 $40M $93.79 $3M +93,368 +28.3%
12 ADI 2.29% 156,820 $39M $245.70 $1M -712 -0.5%
13 AMAT 2.26% 185,746 $38M $204.74 $4M +2,208 +1.2%
14 WCN 2.23% 213,797 $38M $175.80 -$2M +3,536 +1.7%
15 PGR 2.22% 150,983 $37M $246.95 $2M +19,345 +14.7%
16 LLY 2.18% 47,982 $37M $763.00 $28M +36,555 +319.9%
17 LHX 2.06% 113,334 $35M $305.41 -$4M -39,234 -25.7%
18 TRNO 2.04% 604,404 $34M $56.75 $600K +3,379 +0.6%
19 LAMR 1.93% 264,491 $32M $122.42 $301K +168 +0.1%
20 KEYS 1.83% 175,497 $31M $174.92 -$3M -27,738 -13.7%
21 INTU 1.78% 43,896 $30M $682.91 -$4M +622 +1.4%
22 FERG 1.69% 126,715 $28M $224.58 -$6M -33,205 -20.8%
23 AME 1.66% 148,664 $28M $188.00 $1M +941 +0.6%
24 BSX 1.65% 284,202 $28M $97.63 -$3M +994 +0.3%
25 NVDA 1.50% 135,239 $25M $186.58 $4M +601 +0.5%
26 BA 1.43% 111,369 $24M $215.83 $898K +938 +0.8%
27 CRM 1.39% 98,563 $23M $237.00 -$4M +56 +0.1%
28 LH 1.33% 78,148 $22M $287.06 $2M -361 -0.5%
29 SNPS 1.30% 44,287 $22M $493.39 -$806K +94 +0.2%
30 ICE 1.25% 125,163 $21M $168.48 +125,163 NEW
31 DE 1.14% 41,923 $19M $457.26 -$2M +553 +1.3%
32 META 1.12% 25,699 $19M $734.38 $71K +225 +0.9%
33 FSV 1.04% 91,594 $17M $190.49 -$485K -11,104 -10.8%
34 SITM 1.03% 57,231 $17M $301.31 $7M +9,048 +18.8%
35 RMBS 0.94% 151,560 $16M $104.20 -$2M -132,850 -46.7%
36 GWRE 0.88% 64,438 $15M $229.86 -$509K -631 -1.0%
37 GH 0.80% 215,011 $13M $62.48 $928K -25,305 -10.5%
38 AAPL 0.72% 47,701 $12M $254.63 $2M -2,117 -4.2%
39 AX 0.71% 141,955 $12M $84.65 $6M +56,995 +67.1%
40 CWST 0.69% 123,185 $12M $94.88 +123,185 NEW
41 GKOS 0.69% 142,288 $12M $81.55 $2M +47,915 +50.8%
42 NVS 0.68% 88,677 $11M $128.24 $682K +336 +0.4%
43 ATRC 0.68% 322,080 $11M $35.25 $1M +6,550 +2.1%
44 SPXC 0.67% 60,778 $11M $186.78 $3M +12,123 +24.9%
45 CECO 0.64% 210,032 $11M $51.20 $4M -43,408 -17.1%
46 MGY 0.64% 449,967 $11M $23.87 -$2M -125,045 -21.8%
47 AORT 0.61% 240,772 $10M $42.34 $6M +120,192 +99.7%
48 TREX 0.60% 195,296 $10M $51.67 $2M +40,981 +26.6%
49 RGEN 0.58% 72,930 $10M $133.67 +72,930 NEW
50 TTAN 0.58% 96,510 $10M $100.83 $6M +61,280 +173.9%
51 LSCC 0.58% 132,225 $10M $73.32 +132,225 NEW
52 VCEL 0.58% 308,055 $10M $31.47 -$19K +79,780 +35.0%
53 VITL 0.57% 231,415 $10M $41.15 -$3M -100,885 -30.4%
54 LTH 0.54% 330,325 $9M $27.60 $2M +82,310 +33.2%
55 MOD 0.53% 62,602 $9M $142.16 $108K -26,650 -29.9%
56 PRCT 0.50% 233,685 $8M $35.69 -$1M +65,070 +38.6%
57 WAY 0.49% 218,610 $8M $37.92 +218,610 NEW
58 TPB 0.49% 83,580 $8M $98.86 $6M +47,515 +131.8%
59 AGYS 0.48% 76,505 $8M $105.25 -$718K
60 CWAN 0.48% 446,490 $8M $18.02 -$783K +43,890 +10.9%
61 RBRK 0.37% 76,005 $6M $82.25 -$664K -1,180 -1.5%
62 ENSG 0.30% 28,845 $5M $172.77 -$3M -21,615 -42.8%
63 AFRM 0.28% 63,519 $5M $73.08 -$4M -65,326 -50.7%
64 ADMA 0.27% 309,031 $5M $14.66 -$869K +12,536 +4.2%
65 ADSK 0.26% 14,000 $4M $317.67 -$215K -1,060 -7.0%
66 CHYM 0.23% 191,190 $4M $20.17 +191,190 NEW
67 BRK-A 0.22% 5 $4M $754,200.00 $127K
68 BROS 0.22% 71,341 $4M $52.34 $4M +70,945 +17915.4%
69 SIMO 0.21% 37,960 $4M $94.81 +37,960 NEW
70 LAD 0.21% 10,914 $3M $316.00 -$6M -17,675 -61.8%
71 BRK-B 0.17% 5,653 $3M $502.74 $52K -91 -1.6%
72 EPD 0.16% 87,815 $3M $31.27 $23K
73 KVYO 0.16% 98,528 $3M $27.69 -$1M -16,195 -14.1%
74 PG 0.16% 17,437 $3M $153.65 -$118K -118 -0.7%
75 SCHB 0.14% 94,262 $2M $25.71 $54K -5,175 -5.2%
76 AMPX 0.12% 187,445 $2M $10.52 +187,445 NEW
77 FICO 0.12% 1,298 $2M $1,496.53 -$432K -1 -0.1%
78 MTSI 0.11% 15,265 $2M $124.49 +15,265 NEW
79 PLTR 0.10% 9,242 $2M $182.42 $399K -200 -2.1%
80 WDAY 0.09% 6,000 $1M $240.73 $4K
81 VOO 0.09% 2,352 $1M $612.38 -$300K -712 -23.2%
82 GOOGL 0.08% 5,795 $1M $243.10 $434K +265 +4.8%
83 XOM 0.08% 11,435 $1M $112.75 -$199K -2,370 -17.2%
84 ESS 0.06% 4,000 $1M $267.66 -$63K
85 UNP 0.06% 4,262 $1M $236.37 $27K
86 LEVI 0.06% 40,000 $932K $23.30 $8K -10,000 -20.0%
87 ABBV 0.05% 3,734 $865K $231.54 -$164K -1,806 -32.6%
88 JNJ 0.05% 4,431 $822K $185.42 $145K
89 XLK 0.04% 2,591 $730K $281.86 $74K
90 FTGC 0.04% 25,825 $669K $25.90 $34K +83 +0.3%
91 HD 0.03% 1,432 $580K $405.19 $55K
92 IEFA 0.03% 6,240 $545K $87.31 -$430K -5,435 -46.5%
93 ORCL 0.03% 1,845 $519K $281.24 $116K
94 HYS 0.03% 5,370 $514K $95.68 $4K
95 AXP 0.03% 1,525 $507K $332.16 $148K +402 +35.8%
96 SLB 0.03% 14,455 $497K $34.37 $8K
97 WRB 0.03% 6,331 $485K $76.62 $20K
98 COST 0.03% 508 $470K $925.63 -$347K -318 -38.5%
99 ISTB 0.03% 9,000 $440K $48.84 $2K
100 ABT 0.03% 3,245 $435K $133.94 -$144K -1,007 -23.7%

New Positions

SymbolValue% Port
ICE $21M 1.25%
CWST $12M 0.69%
RGEN $10M 0.58%
LSCC $10M 0.58%
WAY $8M 0.49%
CHYM $4M 0.23%
SIMO $4M 0.21%
AMPX $2M 0.12%
MTSI $2M 0.11%
BAC $36K —%
MMM $33K —%
AMD $24K —%
ETHA $23K —%
ULTA $16K —%
SOLV $4K —%

Sold Out Positions

SymbolValue% Port
BMY —%
AVTR —%
CMG —%
BOOT —%
ECL —%
CAVA —%
CXT —%
HNGE —%
IT —%
GDDY —%
CVBF —%
ACMR —%
DUOL —%
LNTH —%
MELI —%
View SEC EDGAR Filings for OSTERWEIS CAPITAL MANAGEMENT INC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms