13F-HR/A 1 inftable20071231.txt 13F AMENDMENT FOR QUARTER ENDING DECEMBER 31, 2007 UNITED STATES SECRITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: DECEMBER 31, 2007 Check here if Amendment [x] Amendment Number: 1 This Amendment: [X] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC. Address: 580 CALIFORNIA STREET, SUITE 1900 SAN FRANCISCO, CA 94104 Form 13F File Number: 028-05208 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: SHANNON LEMON Title: CCO Phone: 415-627-0737 Signature, Place, and Date of Signing: /s/ SHANNON S. LEMON SAN FRANCISCO, CA JUNE 28, 2010 Report Type (Check only one.): [X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 152 Form 13F Information Table Value Total: 363740(x$1000) List of Other Included Managers: None FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3M Company COM 88579y101 531 6300 SH Sole 6300 Abbott Labs COM 002824100 3984 70950 SH Sole 70950 Accenture Ltd Bermuda Cl A COM 1199 33290 SH Sole 33290 Activision Blizzard Inc COM 00507V109 5207 175314 SH Sole 175314 Adobe Sys Inc COM 00724F101 5098 119310 SH Sole 119310 Advent Software Inc COM 007974108 1352 25000 SH Sole 25000 Agilent Technologies COM 00846U101 259 7044 SH Sole 7044 Airgas Inc COM 009363102 1698 32583 SH Sole 32583 Altria Group Inc COM 02209S103 151 2000 SH Sole 2000 Amdocs Software COM G02602103 982 28500 SH Sole 28500 American Express Co COM 025816109 7061 135734 SH Sole 135734 American International Group COM 026874107 6959 119366 SH Sole 119366 Ameriprise Finl Inc COM 03076c106 390 7068 SH Sole 7068 Amgen Inc COM 031162100 778 16750 SH Sole 16750 Apple Inc COM 037833100 193 975 SH Sole 975 Applied Biosystems OLD COM 380201038 1082 31910 SH Sole 31910 Applied Materials Inc COM 038222105 1257 70751 SH Sole 70751 AT&T Inc COM 00206R102 861 20723 SH Sole 20723 Automatic Data Processing Inc COM 053015103 343 7700 SH Sole 7700 Bank of America COM 060505104 1534 37180 SH Sole 37180 Becton Dickinson & Co COM 075887109 1617 19345 SH Sole 19345 Best Buy Co Inc COM 086516101 1764 33499 SH Sole 33499 Biotech Holdrs Tr Depostry Rcp COM 09067D201 243 1500 SH Sole 1500 BP Plc Sponsored ADR COM 055622104 5188 70899 SH Sole 70899 Bristol Myers Squibb COM 110122108 343 12949 SH Sole 12949 Burlington Northern COM 12189T104 474 5691 SH Sole 5691 Carnival Corp COM 143658300 4666 104882 SH Sole 104882 Caterpillar Inc COM 149123101 751 10355 SH Sole 10355 Chevron Corp COM 166764100 10720 114859 SH Sole 114859 Cigna Corp COM 125509109 330 6150 SH Sole 6150 Cisco Systems COM 17275r102 6649 245625 SH Sole 245625 Citigroup Inc COM 172967101 1474 50076 SH Sole 50076 Citrix Systems Inc COM 177376100 260 6850 SH Sole 6850 Coach Inc COM 189754104 555 18150 SH Sole 18150 Coca Cola Co COM 191216100 1775 28922 SH Sole 28922 Comcast Corp COM 20030N101 297 16244 SH Sole 16244 Conocophillips COM 20825C104 2343 26539 SH Sole 26539 Corning Inc COM 219350105 4799 200027 SH Sole 200027 Costco Whsl Corp COM 22160K105 290 4160 SH Sole 4160 Covidien Plc COM G2552X108 1450 32749 SH Sole 32749 Danaher Corp COM 235851102 667 7600 SH Sole 7600 Deere & Co COM 244199105 987 10600 SH Sole 10600 Disney Walt Co COM 254687106 3629 112434 SH Sole 112434 Dow Chem Co COM 260543103 275 6971 SH Sole 6971 Du Pont de Nemours COM 263534109 362 8213 SH Sole 8213 eBay Inc COM 278642103 1898 57200 SH Sole 57200 Electronic Arts, Inc. COM 285512109 4684 80200 SH Sole 80200 EMC Corp. COM 268648102 1405 75800 SH Sole 75800 Express Scripts Inc COM 302182100 1898 26006 SH Sole 26006 Exxon Mobil Corp COM 30231G102 12814 136772 SH Sole 136772 Federal Natl Mtg Assn COM 313586109 888 22200 SH Sole 22200 Fiserv Inc COM 337738108 6516 117434 SH Sole 117434 Franklin Res Inc COM 354613101 333 2910 SH Sole 2910 Gamestop Corp Cl A COM 36467W109 1062 17100 SH Sole 17100 Gardner Denver Inc COM 365558105 1125 34085 SH Sole 34085 Genentech Inc New COM 368991576 4175 62250 SH Sole 62250 General Electric Co COM 369604103 17657 476306 SH Sole 476306 Genzyme Corp COM 372917104 2345 31500 SH Sole 31500 Google, Inc. COM 38259p508 4004 5790 SH Sole 5790 Hanesbrands Inc COM 410345102 217 8000 SH Sole 8000 Hewlett Packard Co. COM 428236103 2300 45569 SH Sole 45569 Home Depot, Inc. COM 437076102 998 37052 SH Sole 37052 Honeywell Inc COM 438516106 486 7896 SH Sole 7896 Illinois Tool Works, Inc. COM 452308109 241 4500 SH Sole 4500 Intel Corp COM 458140100 5384 201954 SH Sole 201954 International Game Technology COM 459902102 3945 89800 SH Sole 89800 Intl Business Mach COM 459200101 6857 63428 SH Sole 63428 iShares Tr Large Growth Index COM 464287119 304 4250 SH Sole 4250 Jacobs Engr Group Inc COM 469814107 287 3000 SH Sole 3000 Johnson & Johnson COM 478160104 7072 106028 SH Sole 106028 JPMorgan Chase & Co COM 46625H100 1579 36182 SH Sole 36182 Key Tronic Inc COM 493144109 351 84000 SH Sole 84000 Kla-Tencor Corp COM 482480100 460 9550 SH Sole 9550 Kohl's Corp. COM 500255104 1912 41750 SH Sole 41750 Lehman Brothers Holdings Inc COM 524908100 617 9423 SH Sole 9423 Lincoln Elec Hldgs Inc COM 533900106 1492 20967 SH Sole 20967 Lincoln Natl Corp Ind COM 534187109 715 12275 SH Sole 12275 Linear Technology COM 535678106 1310 41150 SH Sole 41150 Lowes Cos Inc COM 548661107 2287 101120 SH Sole 101120 McDonalds Corp COM 580135101 1765 29958 SH Sole 29958 Medtronic Inc COM 585055106 4084 81245 SH Sole 81245 Merck & Co COM 589331107 705 12125 SH Sole 12125 Microsoft Corp. COM 594918104 8475 238075 SH Sole 238075 Morgan Stanley COM 617446448 1234 23228 SH Sole 23228 Noble Energy, Inc. COM 655044105 954 12000 SH Sole 12000 Nokia Corp ADR COM 654902204 480 12500 SH Sole 12500 Novartis A G ADR COM 66987V109 394 7250 SH Sole 7250 Nvidia Corp COM 67066G104 1532 45038 SH Sole 45038 Oil Service Holdr COM 678002106 1229 6500 SH Sole 6500 Omnicom Group Inc COM 681919106 1468 30880 SH Sole 30880 Oracle Corp. COM 68389x105 2876 127352 SH Sole 127352 Oshkosh Truck Corp COM 688239201 1294 27383 SH Sole 27383 Peets Coffee & Tea Inc COM 705560100 262 9000 SH Sole 9000 Pepsico, Inc. COM 713448108 7917 104315 SH Sole 104315 Pfizer, Inc. COM 717081103 1262 55508 SH Sole 55508 Procter & Gamble Co COM 742718109 12154 165535 SH Sole 165535 Qualcomm Inc COM 747525103 4309 109510 SH Sole 109510 Roper Inds Inc COM 776696106 797 12750 SH Sole 12750 Royal Dutch Shell Plc Spons AD COM 780259206 1255 14900 SH Sole 14900 Sara Lee Corp COM 803111103 3228 200992 SH Sole 200992 Schlumberger Ltd COM 806857108 1183 12025 SH Sole 12025 Schwab Charles Corp COM 808513105 2867 112228 SH Sole 112228 Sector SPDR Financial COM 81369y605 213 7350 SH Sole 7350 Select Sector SPDR Tr Sbi Int- COM 81369Y803 187 7000 SH Sole 7000 Staples, Inc. COM 855030102 1177 51025 SH Sole 51025 Starbucks Corp COM 855244109 2924 142850 SH Sole 142850 State Street Corp. COM 857477103 1246 15350 SH Sole 15350 Stryker Corp COM 863667101 6426 86000 SH Sole 86000 Sysco Corp COM 871829107 303 9700 SH Sole 9700 Target Corp. COM 87612e106 2973 59465 SH Sole 59465 Tiffany & Co COM 886547108 1082 23500 SH Sole 23500 Transocean Inc COM h8817h100 291 2034 SH Sole 2034 True Religion Apparel COM 89784N104 320 15000 SH Sole 15000 Tyco Electronics Ltd COM G9144P105 1022 27535 SH Sole 27535 Tyco International Ltd. COM h89128104 1243 32749 SH Sole 32749 U.S. Bancorp COM 902973304 578 18202 SH Sole 18202 Union Pacific Corp. COM 907818108 515 4102 SH Sole 4102 United Technologies COM 913017109 2143 28000 SH Sole 28000 Unitedhealth Group Inc COM 91324P102 1938 33300 SH Sole 33300 Valero Energy Corp COM 91913Y100 214 3050 SH Sole 3050 Varian Med Sys Inc COM 92220P105 4762 91300 SH Sole 91300 Verizon Comm COM 92343V104 549 12562 SH Sole 12562 Vodafone Grp ADR COM 92857W209 1821 48806 SH Sole 48806 Wal Mart Stores Inc COM 931142103 1784 37531 SH Sole 37531 Walgreen Co COM 931422109 3100 81400 SH Sole 81400 Weatherford COM g95089101 4891 71300 SH Sole 71300 Wells Fargo & Co COM 949746101 19278 638561 SH Sole 638561 Western Union Co. COM 959802109 456 18800 SH Sole 18800 Wyeth COM 983024100 668 15115 SH Sole 15115 Zimmer Holdings COM 98956p102 317 4790 SH Sole 4790 Chestnut Str Exch Fd Sh Partsh 166668103 14984 37432.300 SH Sole 37432.300 DWS Dreman High Return Equity 383 30964.563 SH Sole 30964.563 Pioneer Small Cap Value Fund 236 13558.941 SH Sole 13558.941 Schwab Invts 1000 Index Inv 808517106 426 9918.435 SH Sole 9918.435 Schwab Invts 1000 Index Sel 808517809 285 6641.828 SH Sole 6641.828 Schwab S&P 500 Portfolio 288 13166.741 SH Sole 13166.741 Plum Creek Timber Co 729251108 230 5000 SH Sole 5000 iShares Russell 2000 Index Fun 464287655 1704 22444 SH Sole 22444 iShares Tr DJ Sel Div Inx 464287168 972 15078 SH Sole 15078 Midcap SPDR Tr Ser 1 595635103 442 2851 SH Sole 2851 PowerShares Aerospace Defense 73935X690 2101 92758 SH Sole 92758 PowerShares ETF Trust Div Achv 73935X732 302 18030 SH Sole 18030 PowerShares FTSE RAFI US 1000 7106 122224 SH Sole 122224 PowerShares QQQ Trust Unit Ser 73935A104 1560 30462 SH Sole 30462 Rydex S&P Equal Weight 78355W106 9332 197796 SH Sole 197796 SPDR Tr Unit Ser 1 78462F103 3916 26786 SH Sole 26786 Vanguard Index Fds Stk Mrkt ET 922908769 9 60 SH Sole 60 iShares Inc MSCI South Africa 464286780 221 1700 SH Sole 1700 Blueline Capital Partners 1600 1600000 SH Sole 1600000 BlueLine Capital Partners II, 250 250000 SH Sole 250000 SVB Strategic Investors II 250 250000 SH Sole 250000 The Individuals' Venture Fund 550 550000 SH Sole 550000