Was Osterweis Capital Management Right About These 5 Stocks?

In this article, we discuss the top 5 stock picks in Osterweis Capital Management’s portfolio as of the end of the third quarter of 2021. If you want to read our detailed analysis of John Osterweis’ history, investment philosophy, and hedge fund performance, go directly to Was Osterweis Capital Management Right About These 10 Stocks?.

5. Amazon.com, Inc. (NASDAQ:AMZN)

Osterweis Capital Management’s Stake Value: $45.7 million
Performance of the stock over the past 12 months as of November 24: -47%

Multinational e-commerce giant Amazon.com, Inc. (NASDAQ:AMZN) has recently began making major moves in the financial technology industry, expanding its partnership with Affirm as its exclusive BNPL option through January of 2023. The company’s Amazon Pay, established in 2007, now represents its opportunity to establish itself as a fintech giant while leveraging its large amounts of data.

Osterweis Capital Management owns stakes worth $45.7 million in Amazon.com, Inc. (NASDAQ:AMZN) as of Q3. The company accounts for 2.49% of the hedge fund’s 13F portfolio.

Polen Capital mentioned Amazon.com, Inc. (NASDAQ:AMZN) in its Q3 2021 investor letter. Here is what the firm has to say:

“Amazon has also lagged as its revenue growth is slowing on the very difficult comparisons from last year when this behemoth was growing revenue by over 40%. We still expect exceptional long-term growth and significant margin expansion as the fastest growing (and now large) segments of Amazon are also generating the highest margins.”