Osterweis Capital Management

Osterweis Capital Management as of Sept. 30, 2011

Portfolio Holdings for Osterweis Capital Management

Osterweis Capital Management holds 74 positions in its portfolio as reported in the September 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Crown Holdings (CCK) 4.4 $101M 3.3M 30.61
American Water Works (AWK) 4.2 $97M 3.2M 30.18
Johnson & Johnson (JNJ) 4.1 $94M 1.5M 63.69
Unilever 3.8 $89M 2.8M 31.49
Republic Services (RSG) 3.8 $88M 3.1M 28.06
Kinder Morgan (KMI) 3.7 $86M 3.3M 25.89
Questar Corporation 3.6 $84M 4.8M 17.71
Transatlantic Holdings 3.5 $82M 1.7M 48.52
Valeant Pharmaceuticals Int 3.5 $81M 2.2M 37.12
Compuware Corporation 3.3 $76M 9.9M 7.66
Gen-Probe Incorporated 3.2 $75M 1.3M 57.25
Kraft Foods 3.2 $75M 2.2M 33.58
Diageo (DEO) 3.2 $73M 963k 75.93
Cinemark Holdings (CNK) 3.1 $71M 3.8M 18.88
Spirit AeroSystems Holdings (SPR) 2.9 $66M 4.2M 15.95
Magellan Midstream Partners 2.8 $64M 1.1M 60.40
Enterprise Products Partners (EPD) 2.8 $64M 1.6M 40.15
Healthsouth 2.6 $61M 4.1M 14.93
Teleflex Incorporated (TFX) 2.6 $61M 1.1M 53.77
Avnet (AVT) 2.6 $60M 2.3M 26.08
Occidental Petroleum Corporation (OXY) 2.5 $58M 805k 71.50
Air Lease Corp (AL) 2.5 $57M 3.0M 19.20
Medtronic 2.4 $55M 1.7M 33.24
DigitalGlobe 2.4 $55M 2.8M 19.43
Safeway 2.3 $53M 3.2M 16.63
Websense 2.3 $52M 3.0M 17.30
First Republic Bank/san F (FRCB) 2.3 $52M 2.2M 23.16
Novartis (NVS) 2.1 $48M 868k 55.77
Apache Corporation 2.0 $47M 589k 80.24
Spartan Stores Inc note 3.375% 5/1 1.6 $37M 40M 0.93
Citigroup (C) 1.5 $35M 1.4M 25.61
Hewlett-Packard Company 1.4 $33M 1.5M 22.45
Symetra Finl Corp 1.2 $28M 3.4M 8.15
Williams Companies (WMB) 1.1 $25M 1.0M 24.34
Teleflex Inc note 3.875% 8/0 0.9 $20M 19M 1.09
Regal Entertainment 0.6 $15M 1.2M 11.74
Central European Dist Corp note 3.000% 3/1 0.5 $12M 18M 0.69
Charming Shoppes Inc note 1.125% 5/0 0.5 $11M 13M 0.86
Sandisk Corp note 1.000% 5/1 0.4 $8.2M 8.5M 0.97
Euronet Worldwide Inc note 3.500%10/1 0.3 $7.2M 7.3M 0.99
Supervalu Inc note 11/0 0.3 $7.1M 18M 0.39
Lions Gate Entmnt Corp note 2.938%10/1 0.2 $5.8M 5.8M 1.00
Apache Corp. 6% Mandatory Conv pfd cv 0.2 $4.6M 90k 51.17
Ppl Corporation 8.75% pfd cv 0.2 $4.6M 85k 54.39
Procter & Gamble Company (PG) 0.2 $4.0M 64k 63.20
Alere Inc note 3.000% 5/1 0.2 $3.9M 4.5M 0.87
Hologic Inc frnt 2.000%12/1 0.2 $3.7M 3.9M 0.94
Spdr S&p 500 Etf (SPY) 0.1 $3.5M 31k 113.12
Smith & Wesson Hldg Corp note 4.000%12/1 0.1 $2.1M 2.1M 1.00
Exxon Mobil Corporation (XOM) 0.1 $2.0M 27k 72.60
Eli Lilly & Co. (LLY) 0.0 $956k 26k 36.99
Bristol Myers Squibb (BMY) 0.0 $582k 19k 31.36
International Business Machines (IBM) 0.0 $706k 4.0k 174.75
DURECT Corporation 0.0 $591k 367k 1.61
Transocean Inc note 1.500%12/1 0.0 $485k 500k 0.97
Apple (AAPL) 0.0 $526k 1.4k 381.44
Berkshire Hathaway (BRK.A) 0.0 $534k 5.00 106750.00
Merck & Co (MRK) 0.0 $529k 16k 32.37
San Juan Basin Royalty Trust (SJT) 0.0 $409k 18k 23.16
Stewart Enterprises Inc note 3.125% 7/1 0.0 $343k 350k 0.98
JPMorgan Chase & Co. (JPM) 0.0 $311k 10k 30.09
American Express Company (AXP) 0.0 $262k 5.8k 44.98
Coca-Cola Company (KO) 0.0 $221k 3.3k 66.67
Abbott Laboratories (ABT) 0.0 $342k 6.7k 51.09
Chevron Corporation (CVX) 0.0 $226k 2.5k 91.84
General Electric Company 0.0 $305k 20k 15.23
Union Pacific Corporation (UNP) 0.0 $245k 3.0k 81.67
Wells Fargo & Company (WFC) 0.0 $305k 13k 24.23
Pepsi (PEP) 0.0 $277k 4.5k 61.83
United Technologies Corporation 0.0 $239k 3.4k 70.29
Qualcomm (QCOM) 0.0 $212k 4.4k 48.74
Acelrx Pharmaceuticals 0.0 $163k 51k 3.21
Nii Hldgs Inc note 3.125% 6/1 0.0 $101k 100k 1.01
Thompson Creek Metals 0.0 $91k 15k 6.07