Vault-13

OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC

SAN FRANCISCO, CA · CIK 1005607 · 13F filing filed 2022-10-27

SEC-registered investment adviser since 1999 · limited liability company

$1.2bn reported value
200positions
28.3%in top 10
—no comparable previous quarter

Holdings, Q3 2022

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#SecurityTickerShares Value% of portfolioChangeShares change
1 VANGUARD INTL EQUITY INDEX F ALLWRLD EX US VEU VEU 1,913,862 $84.9m7.10% 7.10% —
2 APPLE INC COM AAPL AAPL 297,869 $41.2m3.44% 3.44% —
3 VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO VWO 1,035,590 $37.8m3.16% 3.16% —
4 MICROSOFT CORP COM MSFT MSFT 146,095 $34.0m2.85% 2.85% —
5 VANGUARD INDEX FDS REAL ESTATE ETF VNQ VNQ 328,536 $26.3m2.20% 2.20% —
6 BARCLAYS BANK PLC DJUBS CMDT ETN36 DJP DJP 737,697 $24.3m2.03% 2.03% —
7 DANAHER CORPORATION COM DHR DHR 88,395 $22.8m1.91% 1.91% —
8 ISHARES INC MSCI JPN ETF NEW EWJ EWJ 462,083 $22.6m1.89% 1.89% —
9 ISHARES TR BLACKROCK ULTRA ICSH ICSH 445,793 $22.3m1.86% 1.86% —
10 VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF VGK VGK 474,177 $21.9m1.83% 1.83% —
11 SPDR INDEX SHS FDS DJ INTL RL ETF RWX RWX 878,947 $21.2m1.77% 1.77% —
12 COLUMBIA ETF TR II INDIA CONSMR ETF INCO INCO 380,235 $19.5m1.63% 1.63% —
13 SSGA ACTIVE ETF TR BLACKSTONE SENR SRLN SRLN 462,611 $18.9m1.58% 1.58% —
14 VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD VCSH VCSH 251,662 $18.7m1.56% 1.56% —
15 ALPHABET INC CAP STK CL C GOOG GOOG 184,079 $17.7m1.48% 1.48% —
16 CHENIERE ENERGY INC COM NEW LNG LNG 106,458 $17.7m1.48% 1.48% —
17 PALO ALTO NETWORKS INC COM PANW PANW 92,362 $15.1m1.27% 1.27% —
18 CENTENE CORP DEL COM CNC CNC 188,741 $14.7m1.23% 1.23% —
19 JPMORGAN CHASE & CO COM JPM JPM 135,988 $14.2m1.19% 1.19% —
20 ISHARES INC MSCI NETHERL ETF EWN EWN 462,678 $14.1m1.18% 1.18% —
21 ISHARES TR LATN AMER 40 ETF ILF ILF 564,078 $13.4m1.12% 1.12% —
22 INDEXIQ ETF TR IQ MRGR ARB ETF MNA MNA 426,887 $13.4m1.12% 1.12% —
23 THERMO FISHER SCIENTIFIC INC COM TMO TMO 26,073 $13.2m1.11% 1.11% —
24 MARSH & MCLENNAN COS INC COM MRSH MRSH 85,447 $12.8m1.07% 1.07% —
25 CVS HEALTH CORP COM CVS CVS 133,383 $12.7m1.06% 1.06% —
26 AUTOMATIC DATA PROCESSING IN COM ADP ADP 52,597 $11.9m1.00% 1.00% —
27 UNION PAC CORP COM UNP UNP 59,694 $11.6m0.97% 0.97% —
28 ISHARES GOLD TR ISHARES NEW IAU IAU 363,817 $11.5m0.96% 0.96% —
29 INVESCO DB US DLR INDEX TR BULLISH FD UUP UUP 377,352 $11.4m0.95% 0.95% —
30 GLOBAL X FDS DAX GERMANY ETF DAX DAX 555,880 $11.3m0.95% 0.95% —
31 ALPHABET INC CAP STK CL A GOOGL GOOGL 117,896 $11.3m0.94% 0.94% —
32 ABBOTT LABS COM ABT ABT 111,693 $10.8m0.90% 0.90% —
33 CAMBRIA ETF TR TAIL RISK TAIL TAIL 639,019 $10.8m0.90% 0.90% —
34 PROCTER AND GAMBLE CO COM PG PG 83,336 $10.5m0.88% 0.88% —
35 SPDR INDEX SHS FDS S&P CHINA ETF GXC GXC 144,116 $10.2m0.85% 0.85% —
36 DENTSPLY SIRONA INC COM XRAY XRAY 355,474 $10.1m0.84% 0.84% —
37 META PLATFORMS INC CL A META META 74,267 $10.1m0.84% 0.84% —
38 ELASTIC N V ORD SHS ESTC ESTC 129,888 $9.3m0.78% 0.78% —
39 INVESCO EXCHANGE TRADED FD T RAFI US 1000 ETF PRF PRF 66,713 $9.3m0.77% 0.77% —
40 BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B BRK.B 34,545 $9.2m0.77% 0.77% —
41 EXXON MOBIL CORP COM XOM XOM 104,514 $9.1m0.76% 0.76% —
42 JPMORGAN CHASE & CO ALERIAN ML ETN AMJ AMJ 452,746 $9.1m0.76% 0.76% —
43 NXP SEMICONDUCTORS N V COM NXPI NXPI 61,402 $9.1m0.76% 0.76% —
44 WALMART INC COM WMT WMT 67,634 $8.8m0.73% 0.73% —
45 FMC CORP COM NEW FMC FMC 82,032 $8.7m0.73% 0.73% —
46 VANGUARD SPECIALIZED FUNDS DIV APP ETF VIG VIG 63,555 $8.6m0.72% 0.72% —
47 VANGUARD SCOTTSDALE FDS INT-TERM CORP VCIT VCIT 113,458 $8.6m0.72% 0.72% —
48 VISA INC COM CL A V V 48,095 $8.5m0.71% 0.71% —
49 DOLLAR TREE INC COM DLTR DLTR 62,465 $8.5m0.71% 0.71% —
50 PEPSICO INC COM PEP PEP 51,453 $8.4m0.70% 0.70% —
51 MGM RESORTS INTERNATIONAL COM MGM MGM 278,480 $8.3m0.69% 0.69% —
52 DISNEY WALT CO COM DIS DIS 86,893 $8.2m0.69% 0.69% —
53 PFIZER INC COM PFE PFE 184,965 $8.1m0.68% 0.68% —
54 LOWES COS INC COM LOW LOW 42,382 $8.0m0.67% 0.67% —
55 VANGUARD SCOTTSDALE FDS LONG TERM TREAS VGLT VGLT 124,415 $7.8m0.66% 0.66% —
56 ISHARES TR CONV BD ETF ICVT ICVT 112,019 $7.7m0.65% 0.65% —
57 TRIP COM GROUP LTD ADS TCOM TCOM 267,120 $7.3m0.61% 0.61% —
58 BROADCOM INC COM AVGO AVGO 15,961 $7.1m0.59% 0.59% —
59 FEDEX CORP COM FDX FDX 47,696 $7.1m0.59% 0.59% —
60 CAESARS ENTERTAINMENT INC NE COM CZR CZR 217,795 $7.0m0.59% 0.59% —
61 VULCAN MATLS CO COM VMC VMC 44,461 $7.0m0.59% 0.59% —
62 SCHLUMBERGER LTD COM STK SLB SLB 194,069 $7.0m0.58% 0.58% —
63 PLANET FITNESS INC CL A PLNT PLNT 120,120 $6.9m0.58% 0.58% —
64 BRISTOL-MYERS SQUIBB CO COM BMY BMY 94,797 $6.7m0.56% 0.56% —
65 SPDR SER TR S&P BIOTECH XBI XBI 82,500 $6.5m0.55% 0.55% —
66 MERCADOLIBRE INC COM MELI MELI 7,611 $6.3m0.53% 0.53% —
67 KINDER MORGAN INC DEL COM KMI KMI 363,790 $6.1m0.51% 0.51% —
68 BORGWARNER INC COM BWA BWA 189,478 $6.0m0.50% 0.50% —
69 COSTCO WHSL CORP NEW COM COST COST 12,495 $5.9m0.49% 0.49% —
70 NICE LTD SPONSORED ADR NICE NICE 31,253 $5.9m0.49% 0.49% —
71 HOME DEPOT INC COM HD HD 21,219 $5.9m0.49% 0.49% —
72 PHILLIPS 66 COM PSX PSX 69,874 $5.6m0.47% 0.47% —
73 COPART INC COM CPRT CPRT 52,660 $5.6m0.47% 0.47% —
74 TRINET GROUP INC COM TNET TNET 78,106 $5.6m0.47% 0.47% —
75 POOL CORP COM POOL POOL 17,301 $5.5m0.46% 0.46% —
76 GLOBAL PMTS INC COM GPN GPN 50,420 $5.4m0.46% 0.46% —
77 RTX CORPORATION COM RTX RTX 66,392 $5.4m0.45% 0.45% —
78 FIDELITY NATL INFORMATION SV COM FIS FIS 69,900 $5.3m0.44% 0.44% —
79 OTIS WORLDWIDE CORP COM OTIS OTIS 81,254 $5.2m0.43% 0.43% —
80 ACTIVISION BLIZZARD INC COM ATVI ATVI 68,274 $5.1m0.42% 0.42% —
81 OMEGA HEALTHCARE INVS INC COM OHI OHI 170,755 $5.0m0.42% 0.42% —
82 INTUIT COM INTU INTU 12,886 $5.0m0.42% 0.42% —
83 LENNAR CORP CL A LEN LEN 66,289 $4.9m0.41% 0.41% —
84 TWILIO INC CL A TWLO TWLO 71,408 $4.9m0.41% 0.41% —
85 SALESFORCE INC COM CRM CRM 34,230 $4.9m0.41% 0.41% —
86 JOHNSON & JOHNSON COM JNJ JNJ 29,269 $4.8m0.40% 0.40% —
87 BOOKING HOLDINGS INC COM BKNG BKNG 2,880 $4.7m0.40% 0.40% —
88 LAZARD LTD SHS A LAZ LAZ 141,034 $4.5m0.38% 0.38% —
89 DUPONT DE NEMOURS INC COM DWDP DWDP 88,510 $4.5m0.37% 0.37% —
90 SPDR S&P 500 ETF TR TR UNIT SPY SPY 12,257 $4.4m0.37% 0.37% —
91 ALIBABA GROUP HLDG LTD SPONSORED ADS BABA BABA 53,379 $4.3m0.36% 0.36% —
92 FREEPORT-MCMORAN INC CL B FCX FCX 155,687 $4.3m0.36% 0.36% —
93 RYANAIR HOLDINGS PLC SPONSORED ADR RYAAY RYAAY 70,848 $4.1m0.35% 0.35% —
94 VANGUARD INDEX FDS VALUE ETF VTV VTV 31,784 $3.9m0.33% 0.33% —
95 ACCENTURE PLC IRELAND SHS CLASS A ACN ACN 14,899 $3.8m0.32% 0.32% —
96 NIKE INC CL B NKE NKE 45,022 $3.7m0.31% 0.31% —
97 PHILIP MORRIS INTL INC COM PM PM 42,520 $3.5m0.30% 0.30% —
98 INVESCO EXCHANGE TRADED FD T DORSEY WRIGHT MO PDP PDP 47,897 $3.2m0.27% 0.27% —
99 CBRE GROUP INC CL A CBRE CBRE 47,043 $3.2m0.27% 0.27% —
100 ISHARES TR RUS 1000 GRW ETF IWF IWF 15,050 $3.2m0.26% 0.26% —