Osterweis Institutional Equity Fund

Class Other (OSTEX)

Fund Holdings

Asset Allocation

% Long % Net
Cash 2.97 2.97
Stocks 77.23 77.23
Bonds 0.0 0.0
Other 0.0 0.0
Foreign Bonds 0.0 0.0
Foreign Stocks 19.8 19.8
Convertible 0.0 0.0
Preferred 0.0 0.0

Updated 12.31.2013

Top 10 Holdings

Performance as of 02.28.2014

Portfolio as of 12.31.2013

Ticker YTD Return % % Net Assets
Valeant Pharmaceuticals International Inc VRX 22.13 4.91
Boeing Co BA -5.52 3.32
Google, Inc. Class A GOOG 7.32 3.31
Cinemark Holdings Inc CNK -11.01 3.21
Oracle Corporation ORCL 0.97 3.19
Crown Holdings Inc CCK -0.07 3.18
Owens-Illinois Inc OI -6.57 3.17
Liberty Interactive Corp Class A LINTA -1.74 3.16
Directv DTV 12.89 3.05
Magellan Midstream Partners, L.P. MMP 8.64 3.04