Dark
Light
System
Institutional Investment Manager
OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC
OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC (CIK: 0001005607) incorporated in California, located at One Embarcadero Center, San Francisco, CA. Institutional holdings reported to the SEC.

Institutional Holdings (2017Q2)
Portfolio Summary: 181 holdings with a total value of $702,954,000.
#
Name
Shares
Value ($)
%
Options
Notes
151 JOHNSON & JOHNSON 55,811 7,383,000 1.05%
152 RYDEX ETF TRUST 81,028 7,510,000 1.07%
153 TIME WARNER INC 74,820 7,513,000 1.07%
154 ACCENTURE PLC IRELAND 61,456 7,601,000 1.08%
155 CENTENE CORP DEL 100,875 8,058,000 1.15%
156 MARSH & MCLENNAN COS INC 103,419 8,063,000 1.15%
157 SYNCHRONY FINL 274,704 8,192,000 1.17%
158 ALPHABET INC 9,484 8,618,000 1.23%
159 POWERSHARES ETF TRUST 185,321 8,677,000 1.23%
160 LOWES COS INC 114,132 8,849,000 1.26%
161 ECOLAB INC 66,826 8,871,000 1.26%
162 ABBOTT LABS 188,273 9,152,000 1.30%
163 LYONDELLBASELL INDUSTRIES N 110,219 9,301,000 1.32%
164 CVS HEALTH CORP 120,143 9,667,000 1.38%
165 DISNEY WALT CO 96,207 10,222,000 1.45%
166 PFIZER INC 305,869 10,274,000 1.46%
167 THERMO FISHER SCIENTIFIC INC 61,966 10,811,000 1.54%
168 PEPSICO INC 95,185 10,993,000 1.56%
169 UNION PAC CORP 101,502 11,055,000 1.57%
170 AUTOMATIC DATA PROCESSING IN 116,266 11,913,000 1.69%
171 SCHLUMBERGER LTD 197,171 12,982,000 1.85%
172 EXXON MOBIL CORP 164,759 13,301,000 1.89%
173 GENERAL ELECTRIC CO 507,366 13,704,000 1.95%
174 PROCTER AND GAMBLE CO 162,417 14,155,000 2.01%
175 DANAHER CORP DEL 184,408 15,562,000 2.21%
176 POWERSHARES ETF TRUST 160,449 16,586,000 2.36%
177 APPLE INC 126,098 18,161,000 2.58%
178 WELLS FARGO CO NEW 353,693 19,598,000 2.79%
179 JPMORGAN CHASE & CO 230,579 21,075,000 3.00%
180 MICROSOFT CORP 349,440 24,087,000 3.43%
181 SPDR S&P 500 ETF TR 129,266 31,257,000 4.45%
Page 4 of 4

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001005607-17-000007, filed 2017.07.24).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.