13F-HR/A 1 inftable.txt 13F AMENDMENT FOR QUARTER ENDING JUNE 30, 2010 UNITED STATES SECRITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: June 30, 2010 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 August 11, 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: 157 Form 13F Information Table Value Total: 420469(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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 1/100 Berkshire Hathaway COM 084990175 720 600 SH Sole 600 3M Company COM 88579y101 1052 13318 SH Sole 13318 Abbott Labs COM 002824100 9885 211298 SH Sole 211298 Accenture Ltd Bermuda Cl A COM 358 9260 SH Sole 9260 Adobe Sys Inc COM 00724F101 5392 204010 SH Sole 204010 Advent Software Inc COM 007974108 282 6000 SH Sole 6000 Aflac Inc COM 001055102 343 8045 SH Sole 8045 Air Prods & Chems Inc COM 009158106 4105 63340 SH Sole 63340 Allstate Corp COM 020002101 964 33544 SH Sole 33544 Altria Group Inc COM 02209S103 1409 70300 SH Sole 70300 Amazon Inc COM 023135106 224 2050 SH Sole 2050 American Express Co COM 025816109 4098 103223 SH Sole 103223 Ameriprise Finl Inc COM 03076c106 259 7182 SH Sole 7182 Amgen Inc COM 031162100 1158 22018 SH Sole 22018 Apple Inc COM 037833100 7507 29847 SH Sole 29847 AT&T Inc COM 00206R102 6738 278524 SH Sole 278524 Automatic Data Processing Inc COM 053015103 3440 85450 SH Sole 85450 Bank of America COM 060505104 455 31685 SH Sole 31685 Becton Dickinson & Co COM 075887109 402 5947 SH Sole 5947 Bemis Inc COM 081437105 1200 44440 SH Sole 44440 Berkshire Hathaway COM 084670108 240 2 SH Sole 2 Berkshire Hathaway B COM 084670207 3612 45326 SH Sole 45326 Best Buy Co Inc COM 086516101 282 8322 SH Sole 8322 BP plc Sponsored ADR COM 055622104 2421 83827 SH Sole 83827 Bristol Myers Squibb COM 110122108 3413 136868 SH Sole 136868 Carnival Corp COM 143658300 392 12970 SH Sole 12970 Caterpillar Inc COM 149123101 451 7500 SH Sole 7500 Chevron Corp COM 166764100 10420 153553 SH Sole 153553 Cigna Corp COM 125509109 203 6550 SH Sole 6550 Cisco Systems COM 17275r102 6481 304143 SH Sole 304143 Citigroup Inc COM 172967101 68 18215 SH Sole 18215 Citrix Systems Inc COM 177376100 636 15050 SH Sole 15050 Coca Cola Co COM 191216100 1938 38674 SH Sole 38674 Colgate - Palmolive COM 194162103 220 2797 SH Sole 2797 Conocophillips COM 20825C104 737 15008 SH Sole 15008 Convergys Corp COM 212485106 121 12352 SH Sole 12352 Corning Inc COM 219350105 323 20000 SH Sole 20000 Costco Whsl Corp COM 22160K105 707 12896 SH Sole 12896 Covidien Plc COM G2552X108 1128 28075 SH Sole 28075 CVS Caremark Corporation COM 126650100 5408 184447 SH Sole 184447 Danaher Corp COM 235851102 8021 216090 SH Sole 216090 Deere & Co COM 244199105 351 6300 SH Sole 6300 Disney Walt Co COM 254687106 3545 112524 SH Sole 112524 Dominion Res Inc Va COM 25746U109 221 5702 SH Sole 5702 Dun & Bradstreet Corp COM 26483E100 415 6185 SH Sole 6185 eBay Inc COM 278642103 4203 214350 SH Sole 214350 Ecolab Inc COM 278865100 696 15500 SH Sole 15500 Electronic Arts, Inc. COM 285512109 640 44475 SH Sole 44475 Emerson Elec Co COM 291011104 660 15100 SH Sole 15100 Express Scripts Inc COM 302182100 344 7325 SH Sole 7325 Exxon Mobil Corp COM 30231G102 17104 299701 SH Sole 299701 Fiserv Inc COM 337738108 2070 45326 SH Sole 45326 Ford Mtr Co COM 345370860 111 11000 SH Sole 11000 Franklin Res Inc COM 354613101 1782 20672 SH Sole 20672 General Electric Co COM 369604103 9349 648331 SH Sole 648331 General Mls Inc COM 370334104 377 10600 SH Sole 10600 Genzyme Corp COM 372917104 696 13700 SH Sole 13700 Glaxosmithkline PLC Sponsored COM 37733W105 1821 53530 SH Sole 53530 Goldman Sachs Group COM 38141g104 934 7115 SH Sole 7115 Google, Inc. COM 38259p508 6226 13992 SH Sole 13992 Hewlett Packard Co. COM 428236103 13276 306757 SH Sole 306757 Home Depot Inc COM 437076102 1492 53153 SH Sole 53153 Honeywell Inc COM 438516106 238 6089 SH Sole 6089 Intel Corp COM 458140100 4237 217827 SH Sole 217827 International Business Machs COM 459200101 8774 71054 SH Sole 71054 Intuit COM 461202103 215 6190 SH Sole 6190 Johnson & Johnson COM 478160104 10012 169515 SH Sole 169515 JPMorgan Chase & Co COM 46625H100 5721 156256 SH Sole 156256 Key Tronic Inc COM 493144109 433 84000 SH Sole 84000 Kimberly Clark Corp COM 494368103 1362 22469 SH Sole 22469 Kinder Morgan Energy Partners COM 494550106 664 10200 SH Sole 10200 Kohl's Corp. COM 500255104 2931 61715 SH Sole 61715 Kraft Foods Inc Cl A COM 50075N104 1320 47154 SH Sole 47154 Life Technologies Corp. COM 53217v109 1787 37822 SH Sole 37822 Lowes Cos Inc COM 548661107 2340 114586 SH Sole 114586 McDonalds Corp COM 580135101 882 13396 SH Sole 13396 Medtronic Inc COM 585055106 379 10450 SH Sole 10450 Merck & Co COM 589331107 576 16467 SH Sole 16467 Microsoft Corp. COM 594918104 12785 555630 SH Sole 555630 Monsanto Co COM 61166W101 3705 80150 SH Sole 80150 Nestle S.A Spons COM 641069406 253 5225 SH Sole 5225 Nike Inc Cl B COM 654106103 1081 16010 SH Sole 16010 Noble Energy, Inc. COM 655044105 519 8600 SH Sole 8600 Nokia Corp Sponsored ADR COM 654902204 107 13075 SH Sole 13075 Nordstrom Inc COM 655664100 2488 77300 SH Sole 77300 Northrop Grumman Corp COM 666807102 305 5596 SH Sole 5596 Novartis A G Sponsored ADR COM 66987V109 901 18650 SH Sole 18650 Nucor Corp COM 670346105 1212 31672 SH Sole 31672 Occidental Petroleum COM 674599105 295 3830 SH Sole 3830 Oil Service Holdr COM 678002106 530 5600 SH Sole 5600 Oilsands Quest Inc COM 678046103 18 30000 SH Sole 30000 Omnicom Group Inc COM 681919106 514 15000 SH Sole 15000 Oracle Corp. COM 68389x105 4009 186801 SH Sole 186801 Paccar, Inc. COM 693718108 2771 69505 SH Sole 69505 Peets Coffee & Tea Inc COM 705560100 275 7000 SH Sole 7000 Pepsico Inc COM 713448108 10014 164293 SH Sole 164293 Pfizer Inc COM 717081103 4924 345316 SH Sole 345316 Philip Morris Intl Inc COM 718172109 3085 67303 SH Sole 67303 PowerShares ETF Dynamic Biotec COM 73935x856 697 40400 SH Sole 40400 Procter & Gamble Co COM 742718109 21961 366130 SH Sole 366130 Qualcomm Inc COM 747525103 5149 156780 SH Sole 156780 Roper Inds Inc COM 776696106 459 8200 SH Sole 8200 Royal Dutch Shell Plc Spons AD COM 780259206 2490 49590 SH Sole 49590 Sara Lee Corp COM 803111103 2838 201292 SH Sole 201292 Schlumberger Ltd COM 806857108 8161 147476 SH Sole 147476 Schwab Charles Corp COM 808513105 4617 325601 SH Sole 325601 Southern Co COM 842587107 319 9600 SH Sole 9600 State Street Corp. COM 857477103 3286 97150 SH Sole 97150 Stryker Corp COM 863667101 2688 53688 SH Sole 53688 Supergen Inc COM 868059106 404 200000 SH Sole 200000 Sybase, Inc. COM 871130100 485 7500 SH Sole 7500 Sybase, Inc. Tender Offer COM 871993127 320 4950 SH Sole 4950 Sysco Corp COM 871829107 244 8526 SH Sole 8526 Target Corp. COM 87612e106 3453 70235 SH Sole 70235 Teva Pharmaceutical Inds Ltd A COM 881624209 4156 79931 SH Sole 79931 Thermo Fisher Scientific COM 883556102 3257 66400 SH Sole 66400 Transocean Inc COM h8817h100 1290 27852 SH Sole 27852 Travelers Companies Inc COM 89417E109 4520 91773 SH Sole 91773 True Religion Apparel COM 89784N104 265 12000 SH Sole 12000 Tyco Electronics Ltd COM G9144P105 409 16125 SH Sole 16125 Tyco International Ltd. COM h89128104 366 10375 SH Sole 10375 U.S. Bancorp COM 902973304 383 17141 SH Sole 17141 Union Pacific Corp. COM 907818108 251 3604 SH Sole 3604 United Technologies Corp COM 913017109 3955 60935 SH Sole 60935 Varian Med Sys Inc COM 92220P105 1537 29400 SH Sole 29400 Verizon Comm COM 92343V104 1886 67313 SH Sole 67313 Vodafone Grp ADR COM 92857W209 2170 104997 SH Sole 104997 Wal Mart Stores Inc COM 931142103 6717 139732 SH Sole 139732 Weatherford Intl COM H27013103 2710 206250 SH Sole 206250 Wells Fargo & Co COM 949746101 14781 577402 SH Sole 577402 Xenoport, Inc. COM 98411C100 245 24996 SH Sole 24996 Zimmer Holdings COM 98956p102 662 12250 SH Sole 12250 Bac Cap Tr XII Gtd Cap 6.875% PRD 05633T209 453 20500.0000 SH Sole 20500.0000 Capital One Cap II 7.5% Trups PRD 14041L204 288 12000.0000 SH Sole 12000.0000 AQR Momentum Fund Cl L 00203H701 3761 332875.461 SH Sole 332875.461 Chestnut Str Exch Fd Sh Partsh 166668103 10757 37432.300 SH Sole 37432.300 CMG Absolute Return Strategies 66537V104 3045 314266.312 SH Sole 314266.312 DWS Dreman High Return Equity 226 30067.751 SH Sole 30067.751 DWS Dreman Small Mid Cap Val V 102 11630.780 SH Sole 11630.780 Schwab Dividend Equity Select 213 19716.483 SH Sole 19716.483 Schwab Invts 1000 Index Inv 808517106 286 9248.044 SH Sole 9248.044 Turner Spectrum Fund Instl 900297664 4569 428631.938 SH Sole 428631.938 Vanguard/Wellington Fund Admir 921935201 229 4827.629 SH Sole 4827.629 Wells Fargo VT Advantage Oppor 97 10467.701 SH Sole 10467.701 Redwood Mtg Investors VIIIREG 22 22303 SH Sole 22303 iShares Russell 2000 Index Fun 464287655 1177 19257 SH Sole 19257 Midcap SPDR Tr Ser 1 595635103 250 1935 SH Sole 1935 Powershares ETF Trust Finl Pfd 73935X229 372 23000 SH Sole 23000 PowerShares FTSE RAFI US 1000 8640 189850 SH Sole 189850 PowerShares QQQ Trust Unit Ser 73935A104 1289 30170 SH Sole 30170 SPDR Tr Unit Ser 1 78462F103 14101 136613 SH Sole 136613 APM Global Macro Fund, LP 3944 3833228 SH Sole 3833228 Blueline Capital Partners 1600 1600000 SH Sole 1600000 BlueLine Capital Partners II, 250 250000 SH Sole 250000 Hatteras VC Co-Investment Fund 1905 21561 SH Sole 21561 SVB Strategic Investors II 250 250000 SH Sole 250000 The Individuals' Venture Fund 324 550000 SH Sole 550000