Osterweis Capital Management

Osterweis Capital Management as of June 30, 2011

Portfolio Holdings for Osterweis Capital Management

Osterweis Capital Management holds 83 positions in its portfolio as reported in the June 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Valeant Pharmaceuticals Int 4.4 $143M 2.7M 51.96
Crown Holdings (CCK) 3.9 $128M 3.3M 38.82
Williams Companies (WMB) 3.2 $104M 3.4M 30.25
Apache Corporation 3.1 $100M 806k 123.39
Microsoft Corporation (MSFT) 3.0 $98M 3.8M 26.00
Transatlantic Holdings 3.0 $98M 2.0M 49.01
Johnson & Johnson (JNJ) 3.0 $97M 1.5M 66.52
Republic Services (RSG) 2.9 $95M 3.1M 30.85
Kinder Morgan (KMI) 2.9 $95M 3.3M 28.73
American Water Works (AWK) 2.9 $95M 3.2M 29.45
Unilever 2.9 $93M 2.8M 32.85
Gen-Probe Incorporated 2.8 $90M 1.3M 69.15
Compuware Corporation 2.7 $88M 9.0M 9.76
Citigroup (C) 2.7 $87M 2.1M 41.64
Questar Corporation 2.6 $84M 4.8M 17.71
Occidental Petroleum Corporation (OXY) 2.5 $83M 797k 104.04
Healthsouth 2.5 $81M 3.1M 26.25
Spirit AeroSystems Holdings (SPR) 2.5 $80M 3.6M 22.00
Websense 2.4 $79M 3.0M 25.97
Diageo (DEO) 2.4 $78M 957k 81.87
Computer Sciences Corporation 2.4 $78M 2.0M 37.96
Avery Dennison Corporation (AVY) 2.4 $77M 2.0M 38.63
Kraft Foods 2.3 $74M 2.1M 35.23
Safeway 2.3 $73M 3.1M 23.37
Avnet (AVT) 2.2 $73M 2.3M 31.88
Agilent Technologies Inc C ommon (A) 2.2 $72M 1.4M 51.11
DigitalGlobe 2.2 $72M 2.8M 25.41
Medtronic 2.2 $71M 1.8M 38.53
Hewlett-Packard Company 2.1 $69M 1.9M 36.40
Enterprise Products Partners (EPD) 2.1 $69M 1.6M 43.21
Teleflex Incorporated (TFX) 2.1 $69M 1.1M 61.06
Air Lease Corp (AL) 2.0 $67M 2.7M 24.29
Regal Entertainment 2.0 $66M 5.3M 12.35
Magellan Midstream Partners 2.0 $65M 1.1M 59.73
First Republic Bank/san F (FRCB) 1.6 $52M 1.6M 32.28
Symetra Finl Corp 1.4 $46M 3.4M 13.43
Spartan Stores Inc note 3.375% 5/1 1.1 $36M 37M 0.99
Novartis (NVS) 1.1 $36M 586k 61.11
Central European Dist Corp note 3.000% 3/1 0.8 $28M 34M 0.82
Nii Hldgs Inc note 3.125% 6/1 0.7 $23M 23M 1.00
Teleflex Inc note 3.875% 8/0 0.7 $21M 19M 1.15
Sandisk Corp note 1.000% 5/1 0.6 $18M 19M 0.97
L-1 Identity Solutions Inc note 3.750% 5/1 0.5 $17M 17M 1.00
Charming Shoppes Inc note 1.125% 5/0 0.4 $12M 13M 0.90
Euronet Worldwide Inc note 3.500%10/1 0.3 $8.9M 8.9M 1.00
Supervalu Inc note 11/0 0.2 $7.1M 18M 0.39
School Specialty Inc sdcv 3.750%11/3 0.2 $6.2M 6.2M 1.00
Lions Gate Entmnt Corp note 2.938%10/1 0.2 $5.7M 5.8M 0.99
Apache Corp. 6% Mandatory Conv pfd cv 0.2 $5.9M 90k 65.92
Alere Inc note 3.000% 5/1 0.1 $4.9M 4.5M 1.09
Procter & Gamble Company (PG) 0.1 $4.2M 65k 63.57
Comtech Telecommunications Cor conv 0.1 $4.2M 4.0M 1.05
Hologic Inc frnt 2.000%12/1 0.1 $4.0M 4.1M 0.97
Ppl Corporation 8.75% pfd cv 0.1 $2.7M 50k 54.86
Smith & Wesson Hldg Corp note 4.000%12/1 0.1 $2.1M 2.1M 1.00
Dryships Inc. note 5.000%12/0 0.1 $2.3M 2.5M 0.90
Notes Gencorp Inc. 4.0625% dbcv 0.1 $2.4M 2.4M 1.02
Barrett Bill Corp note 5.000% 3/1 0.1 $2.0M 2.0M 1.03
Exxon Mobil Corporation (XOM) 0.1 $2.0M 25k 81.41
Eli Lilly & Co. (LLY) 0.0 $970k 26k 37.53
Transocean Inc note 1.500%12/1 0.0 $490k 500k 0.98
Bristol Myers Squibb (BMY) 0.0 $537k 19k 28.93
Berkshire Hathaway (BRK.A) 0.0 $580k 5.00 116000.00
International Business Machines (IBM) 0.0 $693k 4.0k 171.53
Merck & Co (MRK) 0.0 $680k 19k 35.30
DURECT Corporation 0.0 $746k 367k 2.03
San Juan Basin Royalty Trust (SJT) 0.0 $520k 22k 24.08
Stewart Enterprises Inc note 3.125% 7/1 0.0 $357k 350k 1.02
JPMorgan Chase & Co. (JPM) 0.0 $423k 10k 40.93
American Express Company (AXP) 0.0 $301k 5.8k 51.67
Coca-Cola Company (KO) 0.0 $228k 3.4k 66.67
Devon Energy Corporation (DVN) 0.0 $279k 3.5k 78.95
Abbott Laboratories (ABT) 0.0 $360k 6.9k 52.55
Chevron Corporation (CVX) 0.0 $257k 2.5k 102.04
General Electric Company 0.0 $378k 20k 18.89
Union Pacific Corporation (UNP) 0.0 $313k 3.0k 104.33
Wells Fargo & Company (WFC) 0.0 $354k 13k 28.09
Apple (AAPL) 0.0 $463k 1.4k 335.75
Pepsi (PEP) 0.0 $323k 4.6k 70.37
United Technologies Corporation 0.0 $301k 3.4k 88.53
Acelrx Pharmaceuticals 0.0 $233k 51k 4.59
Cogent Communications (CCOI) 0.0 $60k 3.5k 17.14
Thompson Creek Metals 0.0 $150k 15k 10.00