Investment adviser · CRD 109580

OSTERWEIS CAPITAL MANAGEMENT

Investment adviser filing (IA)

OSTERWEIS CAPITAL MANAGEMENT LLC

SAN FRANCISCO, CA, United States · Form ADV filed Mar 31, 2026

Regulatory AUM: $7.5B
Client accounts: 362
Employees: 666
Advisory professionals: 14

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Investment companies	4	$6,371,057,235	85.0%
High-net-worth individuals	344	$988,682,932	13.2%
Charities	8	$69,369,027	0.9%
Corporations & businesses	Fewer than 5	$68,743,028	0.9%
Individuals	2	$151,487	0.0%

Filing source

Form ADV 2085569 · Mar 31, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

4 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

DAEDALUS PARTNERS, LP.Hedge Fund · Last reported Sep 11, 2012$131MGross asset value

Fund administrator CITI HEDGE FUND SERVICES NORTH AMERICA, INC ROSELAND, New Jersey, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST AND YOUNG SAN FRANCISCO, California, United States

Custodian MERRILL LYNCH PROFESSIONAL CLEARING CORP. NEW YORK, New York, United States Related to adviser: No

Custodian NATIONAL FINANCIAL SERVICES LLC BOSTON, Massachusetts, United States Related to adviser: No

Custodian PERSHING LLC JERSEY CITY, New Jersey, United States Related to adviser: No

Prime broker MERRILL LYNCH PROFESSIONAL CLEARING CORP. NEW YORK, New York, United States

Prime broker NATIONAL FINANCIAL SERVICES LLC BOSTON, Massachusetts, United States

Prime broker PERSHING LLC JERSEY CITY, New Jersey, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

MERRILL LYNCH PROFESSIONAL CLEARING CORP.
SEC 8-33359

NATIONAL FINANCIAL SERVICES LLC
SEC 8-26740

PERSHING LLC
SEC 8-17574

MERRILL LYNCH PROFESSIONAL CLEARING CORP.
CRD 16139 · SEC 8-33359

NATIONAL FINANCIAL SERVICES LLC
CRD 13041 · SEC 8-26740

PERSHING LLC
CRD 7560 · SEC 8-17574

Fund details & source

Fund ID: 805-6271616893
Reported beneficial owners: 44
Minimum commitment: $500K

Form ADV 653907 · Sep 11, 2012 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

DAEDALUS QUALIFIED PARTNERS, L.P.Hedge Fund · Last reported Sep 11, 2012$28.6MGross asset value

Fund administrator CITI HEDGE FUND SERVICES NORTH AMERICA, INC ROSELAND, New Jersey, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST AND YOUNG SAN FRANCISCO, California, United States

Custodian MERRILL LYNCH PROFESSIONAL CLEARING CORP. NEW YORK, New York, United States Related to adviser: No

Custodian NATIONAL FINANCIAL SERVICES LLC BOSTON, Massachusetts, United States Related to adviser: No

Custodian PERSHING LLC JERSEY CITY, New Jersey, United States Related to adviser: No

Prime broker MERRILL LYNCH PROFESSIONAL CLEARING CORP. NEW YORK, New York, United States

Prime broker NATIONAL FINANCIAL SERVICES LLC BOSTON, Massachusetts, United States

Prime broker PERSHING LLC JERSEY CITY, New Jersey, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

MERRILL LYNCH PROFESSIONAL CLEARING CORP.
SEC 8-33359

NATIONAL FINANCIAL SERVICES LLC
SEC 8-26740

PERSHING LLC
SEC 8-17574

MERRILL LYNCH PROFESSIONAL CLEARING CORP.
CRD 16139 · SEC 8-33359

NATIONAL FINANCIAL SERVICES LLC
CRD 13041 · SEC 8-26740

PERSHING LLC
CRD 7560 · SEC 8-17574

Fund details & source

Fund ID: 805-6269764934
Reported beneficial owners: 8
Minimum commitment: $500K

Form ADV 653907 · Sep 11, 2012 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

ARXCIS PARTNERS, L.P.Hedge Fund · Last reported Sep 11, 2012$22.3MGross asset value

Auditor ERNST AND YOUNG SAN FRANCISCO, California, United States

Custodian MERRILL LYNCH PROFESSIONAL CLEARING CORP. NEW YORK, New York, United States Related to adviser: No

Custodian NATIONAL FINANCIAL SERVICES LLC BOSTON, Massachusetts, United States Related to adviser: No

Custodian PERSHING LLC JERSEY CITY, New Jersey, United States Related to adviser: No

Prime broker MERRILL LYNCH PROFESSIONAL CLEARING CORP. NEW YORK, New York, United States

Prime broker NATIONAL FINANCIAL SERVICES LLC BOSTON, Massachusetts, United States

Prime broker PERSHING LLC JERSEY CITY, New Jersey, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: No
External marketing: No

MERRILL LYNCH PROFESSIONAL CLEARING CORP.
SEC 8-33359

NATIONAL FINANCIAL SERVICES LLC
SEC 8-26740

PERSHING LLC
SEC 8-17574

MERRILL LYNCH PROFESSIONAL CLEARING CORP.
CRD 16139 · SEC 8-33359

NATIONAL FINANCIAL SERVICES LLC
CRD 13041 · SEC 8-26740

PERSHING LLC
CRD 7560 · SEC 8-17574

Fund details & source

Fund ID: 805-1208593220
Reported beneficial owners: 8
Minimum commitment: $500K

Form ADV 653907 · Sep 11, 2012 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

DAEDALUS OFFSHOREHedge Fund · Last reported May 11, 2012$2.92MGross asset value

Fund administrator CITI HEDGE FUND SERVICES NORTH AMERICA, INC ROSELAND, New Jersey, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST AND YOUNG SAN FRANCISCO, California, United States

Custodian MERRILL LYNCH PROFESSIONAL CLEARING CORP. NEW YORK, New York, United States Related to adviser: No

Custodian NATIONAL FINANCIAL SERVICES LLC BOSTON, Massachusetts, United States Related to adviser: No

Custodian PERSHING LLC JERSEY CITY, New Jersey, United States Related to adviser: No

Prime broker MERRILL LYNCH PROFESSIONAL CLEARING CORP. NEW YORK, New York, United States

Prime broker NATIONAL FINANCIAL SERVICES LLC BOSTON, Massachusetts, United States

Prime broker PERSHING LLC JERSEY CITY, New Jersey, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

MERRILL LYNCH PROFESSIONAL CLEARING CORP.
SEC 8-33359

NATIONAL FINANCIAL SERVICES LLC
SEC 8-26740

PERSHING LLC
SEC 8-17574

MERRILL LYNCH PROFESSIONAL CLEARING CORP.
CRD 16139 · SEC 8-33359

NATIONAL FINANCIAL SERVICES LLC
CRD 13041 · SEC 8-26740

PERSHING LLC
CRD 7560 · SEC 8-17574

Fund details & source

Fund ID: 805-5924357703
Reported beneficial owners: 3
Minimum commitment: $500K

Form ADV 639197 · May 11, 2012 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Mar 31, 2026. View historical filings

Reported services

Financial planning · Individual portfolio management · Investment company portfolio management · Business portfolio management

Compensation

Percentage of assets · Fixed

Principal office

ONE MARITIME PLAZA, SUITE 800
SAN FRANCISCO, CA, 94111, United States

CRD 109580

Filing source

Form ADV 2085569 · Mar 31, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.