Osterweis Capital Management

Osterweis Capital Management as of March 31, 2011

Portfolio Holdings for Osterweis Capital Management

Osterweis Capital Management holds 86 positions in its portfolio as reported in the March 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Valeant Pharmaceuticals Int 5.2 $180M 3.6M 49.81
Crown Holdings (CCK) 3.8 $132M 3.4M 38.58
Compuware Corporation 3.2 $110M 9.5M 11.55
Agilent Technologies Inc C ommon (A) 3.2 $110M 2.5M 44.78
Williams Companies (WMB) 3.2 $110M 3.5M 31.18
Apache Corporation 3.1 $109M 831k 130.92
Microsoft Corporation (MSFT) 3.0 $104M 4.1M 25.39
Transatlantic Holdings 2.9 $100M 2.1M 48.67
Kinder Morgan (KMI) 2.9 $100M 3.4M 29.64
Republic Services (RSG) 2.8 $96M 3.2M 30.04
Computer Sciences Corporation 2.7 $94M 1.9M 48.73
American Water Works (AWK) 2.7 $94M 3.3M 28.05
Unilever 2.6 $91M 2.9M 31.36
Gen-Probe Incorporated 2.6 $91M 1.4M 66.35
Johnson & Johnson (JNJ) 2.6 $90M 1.5M 59.25
Citi 2.5 $88M 20M 4.42
Avery Dennison Corporation (AVY) 2.5 $87M 2.1M 41.96
Occidental Petroleum Corporation (OXY) 2.5 $86M 819k 104.49
Questar Corporation 2.5 $85M 4.9M 17.45
Healthsouth 2.2 $78M 3.1M 24.98
Safeway 2.2 $77M 3.3M 23.54
Diageo (DEO) 2.2 $76M 992k 76.22
Hewlett-Packard Company 2.2 $76M 1.8M 40.97
Spirit AeroSystems Holdings (SPR) 2.2 $75M 2.9M 25.67
Medtronic 2.1 $74M 1.9M 39.35
Websense 2.1 $74M 3.2M 22.97
Avnet (AVT) 2.1 $72M 2.1M 34.09
Enterprise Products Partners (EPD) 2.0 $70M 1.6M 43.06
Ca 2.0 $68M 2.8M 24.18
Teleflex Incorporated (TFX) 1.9 $67M 1.2M 57.98
Magellan Midstream Partners 1.9 $66M 1.1M 59.86
DigitalGlobe 1.9 $66M 2.4M 28.03
Regal Entertainment 1.9 $66M 4.9M 13.50
Kraft Foods 1.9 $65M 2.1M 31.36
First Republic Bank/san F (FRCB) 1.5 $51M 1.6M 30.91
Nalco Holding Company 1.4 $50M 1.8M 27.31
Symetra Finl Corp 1.4 $48M 3.6M 13.60
Spartan Stores Inc note 3.375% 5/1 1.0 $35M 37M 0.96
Central European Dist Corp note 3.000% 3/1 0.8 $29M 34M 0.87
Nii Hldgs Inc note 3.125% 6/1 0.8 $28M 28M 1.01
L-1 Identity Solutions Inc note 3.750% 5/1 0.7 $24M 24M 1.00
Penn Va Corp note 4.500%11/1 0.6 $22M 21M 1.04
Teleflex Inc note 3.875% 8/0 0.6 $21M 19M 1.13
Sandisk Corp note 1.000% 5/1 0.5 $18M 19M 0.98
Charming Shoppes Inc note 1.125% 5/0 0.3 $11M 13M 0.86
Stewart Enterprises Inc note 3.125% 7/1 0.3 $11M 11M 1.02
Euronet Worldwide Inc note 3.500%10/1 0.2 $8.8M 8.9M 0.99
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 1.01
Apache Corp. 6% Mandatory Conv pfd cv 0.2 $6.4M 90k 70.86
Lions Gate Entmnt Corp note 2.938%10/1 0.2 $5.8M 5.8M 1.00
Targa Res Corp (TRGP) 0.2 $5.7M 159k 36.24
Notes Gencorp Inc. 4.0625% dbcv 0.2 $5.5M 5.5M 1.00
Alere Inc note 3.000% 5/1 0.1 $5.1M 4.5M 1.13
Mentor Graphics Corp debt 6.250% 3/0 0.1 $5.2M 5.0M 1.03
Procter & Gamble Company (PG) 0.1 $4.3M 70k 61.60
Comtech Telecommunications Cor conv 0.1 $4.2M 4.0M 1.04
Hologic Inc frnt 2.000%12/1 0.1 $4.0M 4.1M 0.97
Dryships Inc. note 5.000%12/0 0.1 $2.5M 2.5M 1.00
Barrett Bill Corp note 5.000% 3/1 0.1 $2.0M 2.0M 1.02
Smith & Wesson Hldg Corp note 4.000%12/1 0.1 $2.1M 2.1M 1.00
Exxon Mobil Corporation (XOM) 0.1 $2.1M 25k 84.11
Medtronic Inc note 1.500% 4/1 0.0 $1.5M 1.5M 1.00
DURECT Corporation 0.0 $1.4M 386k 3.60
Eli Lilly & Co. (LLY) 0.0 $955k 27k 35.17
Berkshire Hathaway (BRK.A) 0.0 $625k 5.00 125000.00
International Business Machines (IBM) 0.0 $663k 4.1k 162.90
Merck & Co (MRK) 0.0 $599k 18k 33.04
San Juan Basin Royalty Trust (SJT) 0.0 $650k 24k 27.53
JPMorgan Chase & Co. (JPM) 0.0 $476k 10k 46.06
American Express Company (AXP) 0.0 $263k 5.8k 45.15
Berkshire Hathaway (BRK.B) 0.0 $215k 2.6k 83.85
Coca-Cola Company (KO) 0.0 $250k 3.8k 66.67
Devon Energy Corporation (DVN) 0.0 $324k 3.5k 91.68
Abbott Laboratories (ABT) 0.0 $365k 7.4k 49.09
Chevron Corporation (CVX) 0.0 $271k 2.5k 107.65
General Electric Company 0.0 $407k 20k 19.99
Bristol Myers Squibb (BMY) 0.0 $497k 19k 26.41
Union Pacific Corporation (UNP) 0.0 $295k 3.0k 98.33
Apple (AAPL) 0.0 $481k 1.4k 348.80
Pepsi (PEP) 0.0 $322k 5.0k 64.27
United Technologies Corporation 0.0 $288k 3.4k 84.71
UnitedHealth (UNH) 0.0 $210k 4.6k 45.24
Mead Johnson Nutrition 0.0 $215k 3.7k 58.12
FMC Corporation (FMC) 0.0 $294k 3.5k 85.09
Thompson Creek Metals 0.0 $188k 15k 12.53