OSTERWEIS CAPITAL MANAGEMENT INC Q3 2025 Filing

Filed November 14, 2025

Portfolio Value

$2.2T

Holdings

275

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (275 positions)

#StockSharesValue% PortfolioType
1
GOOGALPHABET INC
439,530$107.0B4.83%
2
MSFTMICROSOFT CORP
191,764$99.3B4.48%
3
AMZNAMAZON COM INC
354,201$77.8B3.51%
4
AVGOBROADCOM INC
211,365$69.7B3.15%
5
ABNB 0 03/15/26AIRBNB INC
70,750,000$69.3B3.13%
6
CABO 0 03/15/26CABLE ONE INC
70,305,000$68.7B3.10%
7
FVRR 0 11/01/25FIVERR INTL LTD
59,000,000$59.0B2.66%
854,500,000$54.1B2.44%
9
INN 1.5 02/15/26SUMMIT HOTEL PPTYS
54,037,000$53.2B2.40%
10
AZOAUTOZONE INC
11,669$50.1B2.26%
11
VVISA INC
142,091$48.5B2.19%
12
DHRDANAHER CORPORATION
241,242$47.8B2.16%
13
HAE 0 03/01/26HAEMONETICS CORP MASS
48,570,000$47.7B2.15%
14
JPMJPMORGAN CHASE & CO.
142,286$44.9B2.03%
15
AWCAMERICAN WTR WKS CO INC NEW
298,059$41.5B1.87%
16
APDAIR PRODS & CHEMS INC
149,057$40.7B1.83%
17
BROBROWN & BROWN INC
423,591$39.7B1.79%
18
ADIANALOG DEVICES INC
156,820$38.5B1.74%
19
AMATAPPLIED MATLS INC
185,746$38.0B1.72%
20
WCNWASTE CONNECTIONS INC
213,797$37.6B1.70%
21
PGRPROGRESSIVE CORP
150,983$37.3B1.68%
22
LLYELI LILLY & CO
47,982$36.6B1.65%
23
LHXL3HARRIS TECHNOLOGIES INC
113,334$34.6B1.56%
24
TRNOTERRENO RLTY CORP
604,404$34.3B1.55%
25
LAMRLAMAR ADVERTISING CO NEW
264,491$32.4B1.46%
26
MTN 0 01/01/26VAIL RESORTS INC
31,704,000$31.3B1.41%
27
KEYSKEYSIGHT TECHNOLOGIES INC
175,497$30.7B1.39%
28
INTUINTUIT
43,896$30.0B1.35%
29
FERGFERGUSON ENTERPRISES INC
126,715$28.5B1.28%
30
ALRM 0 01/15/26ALARM COM HLDGS INC
28,635,000$28.3B1.28%
31
AMEAMETEK INC
148,664$27.9B1.26%
32
BSXBOSTON SCIENTIFIC CORP
284,202$27.7B1.25%
33
RDFN 0 10/15/25REDFIN CORP
27,385,000$27.4B1.24%
34
NVDANVIDIA CORPORATION
135,239$25.2B1.14%
35
CPCANADIAN PACIFIC KANSAS CITY
337,288$25.1B1.13%
36
BABOEING CO
111,369$24.0B1.08%
37
CRMSALESFORCE INC
98,563$23.4B1.05%
38
LHLABCORP HOLDINGS INC
78,148$22.4B1.01%
39
SNPSSYNOPSYS INC
44,287$21.9B0.99%
40
ICEINTERCONTINENTAL EXCHANGE IN
125,163$21.1B0.95%
41
DEDEERE & CO
41,923$19.2B0.87%
42
METAMETA PLATFORMS INC
25,699$18.9B0.85%
43
FSVFIRSTSERVICE CORP NEW
91,594$17.4B0.79%
44
SITMSITIME CORP
57,231$17.2B0.78%
45
RMBS*RAMBUS INC DEL
151,560$15.8B0.71%
46
GWREGUIDEWIRE SOFTWARE INC
64,438$14.8B0.67%
47
GHGUARDANT HEALTH INC
215,011$13.4B0.61%
48
CPAYCORPAY INC
42,557$12.3B0.55%
49
AAPLAPPLE INC
47,701$12.1B0.55%
50
BB4AXOS FINANCIAL INC
141,955$12.0B0.54%
51
CWSTCASELLA WASTE SYS INC
123,185$11.7B0.53%
52
GKOSGLAUKOS CORP
142,288$11.6B0.52%
53
NVSNNOVARTIS AG
88,677$11.4B0.51%
54
ATRCATRICURE INC
322,080$11.4B0.51%
55
SPXCSPX TECHNOLOGIES INC
60,778$11.4B0.51%
56
JAMF 0.125 09/01/26JAMF HLDG CORP
11,600,000$11.2B0.50%
57
CECOCECO ENVIRONMENTAL CORP
210,032$10.8B0.49%
58
MGYMAGNOLIA OIL & GAS CORP
449,967$10.7B0.48%
59
AORTARTIVION INC
240,772$10.2B0.46%
60
ZD 1.75 11/01/26ZIFF DAVIS INC
10,595,000$10.2B0.46%
61
TREXTREX CO INC
195,296$10.1B0.46%
62
JBTM 0.25 05/15/26JBT MAREL CORPORATION
9,700,000$9.8B0.44%
63
ENPH 0 03/01/26ENPHASE ENERGY INC
10,000,000$9.8B0.44%
64
RGENREPLIGEN CORP
72,930$9.7B0.44%
65
TTANSERVICETITAN INC
96,510$9.7B0.44%
66
LSCCLATTICE SEMICONDUCTOR CORP
132,225$9.7B0.44%
67
VCELVERICEL CORP
308,055$9.7B0.44%
68
VITLVITAL FARMS INC
231,415$9.5B0.43%
69
LTHLIFE TIME GROUP HOLDINGS INC
330,325$9.1B0.41%
70
MODMODINE MFG CO
62,602$8.9B0.40%
71
PRCTPROCEPT BIOROBOTICS CORP
233,685$8.3B0.38%
72
WAYWAYSTAR HLDG CORP
218,610$8.3B0.37%
73
TPBTURNING PT BRANDS INC
83,580$8.3B0.37%
74
AGYSAGILYSYS INC
76,505$8.1B0.36%
75
CWANCLEARWATER ANALYTICS HLDGS I
446,490$8.0B0.36%
767,750,000$6.9B0.31%
77
PEB 1.75 12/15/26PEBBLEBROOK HOTEL TR
6,671,000$6.6B0.30%
78
RBRKRUBRIK INC.
76,005$6.3B0.28%
79
ENSGENSIGN GROUP INC
28,845$5.0B0.22%
80
AFRMAFFIRM HLDGS INC
63,519$4.6B0.21%
81
ADMAADMA BIOLOGICS INC
309,031$4.5B0.20%
82
ADSKAUTODESK INC
14,000$4.4B0.20%
83
CHYMCHIME FINL INC
191,190$3.9B0.17%
84
BRK-BBERKSHIRE HATHAWAY INC DEL
5$3.8B0.17%
85
BROSDUTCH BROS INC
71,341$3.7B0.17%
86
SIMOSILICON MOTION TECHNOLOGY CO
37,960$3.6B0.16%
87
LADLITHIA MTRS INC
10,914$3.4B0.16%
88
F 0 03/15/26FORD MTR CO
3,000,000$3.0B0.14%
89
BRK/BBERKSHIRE HATHAWAY INC DEL
5,653$2.8B0.13%
90
EPDENTERPRISE PRODS PARTNERS L
87,815$2.7B0.12%
91
KVYOKLAVIYO INC
98,528$2.7B0.12%
92
PGPROCTER AND GAMBLE CO
17,437$2.7B0.12%
93
SCHBSCHWAB STRATEGIC TR
94,262$2.4B0.11%
94
AMPXAMPRIUS TECHNOLOGIES INC
187,445$2.0B0.09%
95
FICOFAIR ISAAC CORP
1,298$1.9B0.09%
96
MTSIMACOM TECH SOLUTIONS HLDGS I
15,265$1.9B0.09%
97
PLTRPALANTIR TECHNOLOGIES INC
9,242$1.7B0.08%
98
WDAYWORKDAY INC
6,000$1.4B0.07%
99
VOOVANGUARD INDEX FDS
2,352$1.4B0.06%
100
GOOGLALPHABET INC
5,795$1.4B0.06%
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