13F-HR 1 f81513hre13f-hr.txt OSTERWEIS CAPITAL MANAGEMENT FORM 13F FOR 3/31/02 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2002 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Osterweis Capital Management, Inc. Address: One Maritime Plaza Suite 800 San Francisco, CA 94111 13F File Number: 28-04483 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: Doretta L. Dunegan Title: Director of Compliance Phone: 415-434-4441 Signature, Place, and Date of Signing: /s/ Doretta L. Dunegan San Francisco, CA May 9, 2002 ---------------------- ----------------- ----------- Report Type (Check only one.): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 Form 13F Information Table Entry Total: 98 Form 13F Information Table Value Total: $1,114,380 List of Other Included Managers: No. Form 13F File Number Name --- -------------------- ---- 1 28-06550 Osterweis Capital Management, LLC FORM 13F INFORMATION TABLE
COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 COLUMN 1 COLUMN 2 COLUMN 3 -------- -------- ---------- -------- -------------------------- -------------- -------------- ---------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (X1000) PRIN AMT PRIN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------- -------------- ---------- -------- -------- ---- ---- ---------- -------- -------------------------- ABBOTT LABS COM 002824100 1643 31219 SH OTHER 1 31219 0 0 ALLIED CAP CORP NEW COM 01903Q108 18400 669100 SH OTHER 1 656100 0 13000 AMERICAN EXPRESS CO COM 025816109 467 11400 SH OTHER 1 11400 0 0 AMERICAN INTL GROUP INC COM 026874107 36907 511594 SH OTHER 1 471490 0 40104 AMERUS GROUP CO COM 03072M108 34292 891850 SH OTHER 1 792100 0 99750 AMGEN INC COM 031162100 131 2200 SH OTHER 1 2200 0 0 ANTIGENICS INC DEL COM 037032109 452 32312 SH OTHER 1 32312 0 0 AUTOMATIC DATA PROCESSING COM 053015103 851 14600 SH OTHER 1 14600 0 0 AVATAR HLDGS INC CVT 053494AD2 20 20000 SH OTHER 1 20000 0 0 BANK AMER CORP COM 060505104 181 2667 SH OTHER 1 667 0 0 BANK NEW YORK INC COM 064057102 336 8000 SH OTHER 1 8000 0 0 BAUSCH & LOMB INC COM 071707103 42773 959700 SH OTHER 1 890100 0 69600 BECTON DICKINSON & CO COM 075887109 28266 749372 SH OTHER 1 718072 0 31300 BELLSOUTH CORP COM 079860102 108 2920 SH OTHER 1 720 0 2200 BERKLEY W R CORP COM 084423102 31330 545050 SH OTHER 1 492100 0 52950 BERKSHIRE HATHAWAY INC DEL CL A 084670108 712 10 SH OTHER 1 10 0 0 BRISTOL MYERS SQUIBB CO COM 110122108 8874 219154 SH OTHER 1 214154 0 5000 BURLINGTON NORTHN SANTA FE COM 12189T104 4902 162437 SH OTHER 1 134950 0 27487 CEDAR FAIR L P DEP UNIT 150185106 403 16972 SH OTHER 1 338 0 16634 CHEVRONTEXACO CORP COM 166764100 1339 14839 SH OTHER 1 13232 0 1607 CITIGROUP INC COM 172967101 257 5186 SH OTHER 1 1586 0 3600 CLOROX CO COM 189054109 297 6800 SH SOLE 0 0 6800 COCA COLA CO COM 191216100 1484 28400 SH OTHER 1 20900 0 7500 COLGATE PALMOLIVE CO COM 194162103 229 4000 SH OTHER 1 4000 0 0 CONVERGYS CORP COM 212485106 30226 1022190 SH OTHER 1 931840 0 90350 DISNEY WALT CO COM 254687106 2827 122462 SH OTHER 1 96962 0 25500 DOUBLECLICK INC CVT 258609AC0 4129 4945000 SH OTHER 1 4870000 0 75000 DOW CHEM CO COM 260543103 413 12623 SH OTHER 1 12623 0 0 DU PONT E I DE NEMOURS & CO COM 263534109 193 4100 SH OTHER 1 4100 0 0 DURECT CORP COM 266605104 8161 1047656 SH OTHER 1 1006456 0 41200 ECHOSTAR COMMUN CORP NEW CL A 278762109 51091 1804050 SH OTHER 1 1645400 0 158650 ECLIPSYS CORP COM 278856109 17912 1091500 SH OTHER 1 1064900 0 26600 EXXON MOBIL CORP COM 30231G102 4676 106686 SH OTHER 1 100686 0 6000 FEDERAL NATL MTG ASSN COM 313586109 320 4000 SH OTHER 1 4000 0 0
FMC CORP COM 302491303 43527 1038350 SH OTHER 1 950600 0 87750 FMC TECHNOLOGIES INC COM 30249U101 27824 1396076 SH OTHER 1 1242167 0 153909 FOREST LABS INC COM 345838106 31037 379891 SH OTHER 1 301359 0 78532 GAP INC COM 364760108 115 7687 SH OTHER 1 6000 0 1687 GENERAL DYNAMICS CORP COM 369550108 20200 215000 SH OTHER 1 199100 0 15900 GENERAL ELEC CO COM 369604103 5234 139759 SH OTHER 1 137359 0 2400 GENERAL MLS INC COM 370334104 425 8700 SH OTHER 1 8700 0 0 HALLIBURTON CO COM 406216101 75 4402 SH OTHER 1 4402 0 0 INGERSOLL-RAND COMPANY LTD CL A G4776G101 250 5000 SH OTHER 1 5000 0 0 INTERLINK ELECTRS COM 458751104 121 20000 SH OTHER 1 20000 0 0 JOHNSON & JOHNSON COM 478160104 8666 133420 SH OTHER 1 133420 0 0 KIMBERLY CLARK CORP COM 494368103 19350 299300 SH OTHER 1 298800 0 500 KINDER MORGAN EGY PTNS L P LTD PT INT 494550106 25368 768704 SH OTHER 1 653016 0 115688 KINDER MORGAN INC KANS COM 49455P101 36987 763725 SH OTHER 1 708825 0 54900 LILLY ELI & CO COM 532457108 12397 162684 SH OTHER 1 143384 0 19300 LOEWS CORP COM 540424108 511 8720 SH SOLE 8720 0 0 MANOR CARE INC NEW COM 564055101 76953 3302704 SH OTHER 1 2941454 0 361250 MANUFACTURED HOME CMNTYS INC COM 564682102 17094 518016 SH OTHER 1 485466 0 32550 MATTEL INC COM 577081102 314 15035 SH OTHER 1 15035 0 0 MAY DEPT STORES CO COM 577778103 128 3666 SH OTHER 1 3666 0 0 MCDONALDS CORP COM 580135101 239 8600 SH SOLE 8600 0 0 MERCK & CO INC COM 589331107 3675 63830 SH OTHER 1 59492 0 4338 MGIC INVT CORP WIS COM 552848103 274 4000 SH OTHER 1 4000 0 0 MICROSOFT CORP COM 594918104 974 16154 SH OTHER 1 13354 0 2800 MID-STATE BANCSHARES COM 595440108 365 20644 SH OTHER 1 20644 0 0 MINNESOTA MNG & MFG CO COM 604059105 1443 12548 SH OTHER 1 12348 0 200 MOORE LTD COM 615785102 13888 1067500 SH OTHER 1 941500 0 126000 NEWHALL LD & FARMING CO COM 651426108 10469 334489 SH OTHER 1 247889 0 86600 NEWPARK RES INC COM 651718504 10226 1319545 SH OTHER 1 1204345 0 115200 NEXMED INC COM 652903105 2915 613850 SH OTHER 1 554400 0 59450 NTL INC COM 629407107 0 30150 SH OTHER 1 30150 0 0 NYMAGIC INC COM 629484106 247 13000 SH OTHER 1 12000 0 1000 PEPSICO INC COM 713448108 1156 22450 SH OTHER 1 22450 0 0 PFIZER INC COM 717081103 1018 25596 SH OTHER 1 18596 0 7000 PHILIP MORRIS COS INC COM 718154107 415 7890 SH OTHER 1 7890 0 0 PITNEY BOWES INC COM 724479100 39022 911750 SH OTHER 1 817800 0 93950 POTLATCH CORP COM 737628107 1145 34000 SH OTHER 1 0 0 34000 PROCTER & GAMBLE CO COM 742718109 15991 177508 SH OTHER 1 150808 0 26700 QUANTUM CORP CVT 747906AC9 9288 10032000 SH OTHER 1 9407000 0 625000 ROYAL DUTCH PETE CO ORD REG SHS 780257804 1761 32426 SH OTHER 1 32426 0 0 SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 8111 681634 SH OTHER 1 493409 0 188225 SCHERING PLOUGH CORP COM 806605101 321 10260 SH OTHER 1 660 0 9600
SEPRACOR INC CVT 817315AH7 13886 19200000 SH OTHER 1 16575000 0 2625000 SERVICEMASTER CO COM 81760N109 39442 2868523 SH OTHER 1 2604092 0 264431 SIX FLAGS INC COM 83001P109 42966 2405690 SH OTHER 1 2146140 0 259550 STATE STR CORP COM 857477103 310 5600 SH OTHER 1 5600 0 0 STATION CASINOS INC COM 857689103 53141 3191650 SH OTHER 1 2900150 0 291500 SUBURBAN PROPANE PARTNERS LP LTD PT INT 864482104 881 33600 SH OTHER 1 32800 0 800 TARGET CORP COM 87612E106 251 5820 SH OTHER 1 2700 0 3120 TRIBUNE CO NEW COM 896047107 344 7560 SH OTHER 1 7560 0 0 UNION PAC CORP COM 907818108 366 5885 SH SOLE 3885 0 2000 US BANCORP DEL NEW COM 902973304 307 13608 SH OTHER 1 13608 0 0 VALUEVISION INTL INC CL A 92047K107 19336 931820 SH OTHER 1 801920 0 129900 VIACOM INC CL B 925524308 38221 790189 SH OTHER 1 690511 0 99678 VIAD CORP COM 92552R109 32983 1177950 SH OTHER 1 1172150 0 5800 WAL MART STORES INC COM 931142103 204 3332 SH OTHER 1 3332 0 0 WALGREEN CO COM 931422109 886 22617 SH OTHER 1 22617 0 0 WASTE MGMT INC DEL COM 94106L109 32130 1179100 SH OTHER 1 1128300 0 50800 WELLS FARGO & CO NEW COM 949746101 1715 34710 SH OTHER 1 34710 0 0 WESTAMERICA BANCORPORATION COM 957090103 1006 23526 SH OTHER 1 23526 0 0 WESTERN GAS RES INC COM 958259103 21662 582000 SH OTHER 1 576800 0 5200 WESTWOOD ONE INC COM 961815107 28303 738018 SH OTHER 1 672284 0 65734 WYETH COM 983024100 1221 18600 SH OTHER 1 17800 0 800 ZIMMER HLDGS INC COM 98956P102 698 20507 SH OTHER 1 20507 0 0 ======= TOTAL 1114380