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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 MCDONALDS CORP 2,387 366,000 0.05%
152 CSX CORP 6,500 355,000 0.05%
153 NEXTERA ENERGY INC 2,500 350,000 0.05%
154 AMEREN CORP 5,930 324,000 0.05%
155 Wells Fargo VT Advantage Oppor 15,644 324,000 0.05%
156 HAWAIIAN ELEC INDUSTRIES COM 9,605 311,000 0.04%
157 LILLY ELI & CO 3,687 303,000 0.04%
158 T. Rowe Price Science & Tech 6,781 303,000 0.04%
159 COMERICA INC 3,999 293,000 0.04%
160 NOBLE ENERGY INC 10,000 283,000 0.04%
161 VANECK VECTORS ETF TR 4,723 283,000 0.04%
162 DTE ENERGY CO 2,500 264,000 0.04%
163 AMAZON COM INC 271 262,000 0.04%
164 GENERAL MLS INC 4,706 261,000 0.04%
165 Berkshire Hathaway Class A 1/100 100 255,000 0.04%
166 WASHINGTON MUT INVS FD INC 5,956 252,000 0.04%
167 XCEL ENERGY INC 5,310 244,000 0.03%
168 AMERICAN ELEC PWR INC 3,505 243,000 0.03%
169 SELECT SECTOR SPDR TR 3,030 240,000 0.03%
170 SCANA 3,525 236,000 0.03%
171 Vanguard Tax-Managed Small Cap 4,183 236,000 0.03%
172 BUNGE LIMITED 3,065 229,000 0.03%
173 POWERSHARES ETF TRUST 12,000 229,000 0.03%
174 DODGE & COX BALANCED 2,086 222,000 0.03%
175 VANGUARD INDEX FDS 1,560 222,000 0.03%
176 ISHARES TR 1,522 214,000 0.03%
177 COMCAST CORP NEW 5,396 210,000 0.03%
178 ISHARES TR 857 209,000 0.03%
179 SELECT SECTOR SPDR TR 3,745 205,000 0.03%
180 Deutsche Small Mid Cap Val VIP 10,012 190,000 0.03%
181 MARATHON OIL CORP 11,200 133,000 0.02%
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.