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Night Owl Capital Management, LLC

Q2 2025 · Filed 2025-08-14
Market Value
$855M
+6.8%
Holdings
31
+3
New Purchases
3
Added To
16
Closed
1
Reduced
8
Top 10 Concentration
60.5%
Turnover
12.9%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MSFT 8.56% 6.16% +2.39% $73M
WWD 2.26% 0.00% +2.26% $19M
GWRE 2.17% 0.00% +2.17% $19M
BIL 2.21% 0.98% +1.23% $19M
SPOT 1.16% 0.00% +1.16% $10M
AMZN 8.69% 7.57% +1.12% $74M
TSM 4.13% 3.13% +0.99% $35M
UBER 4.78% 3.87% +0.91% $41M
META 4.69% 3.79% +0.90% $40M
GE 4.57% 3.68% +0.88% $39M
GEV 5.46% 4.66% +0.80% $47M
AVGO 2.11% 1.33% +0.78% $18M
SAP 8.64% 7.91% +0.73% $74M
CRS 1.65% 1.12% +0.53% $14M
HWM 1.74% 1.25% +0.48% $15M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
UNH 0.00% 5.50% -5.50% $0
FI 3.14% 7.76% -4.62% $27M
AON 4.43% 7.91% -3.48% $38M
UNP 2.18% 4.06% -1.88% $19M
VST 2.61% 3.16% -0.55% $22M
CEG 2.46% 2.98% -0.52% $21M
NFLX 3.71% 4.16% -0.45% $32M
GOOG 6.57% 6.98% -0.41% $56M
V 3.86% 3.95% -0.09% $33M
LIN 2.78% 2.86% -0.08% $24M
MA 3.46% 3.50% -0.04% $30M
CSGP 1.01% 1.03% -0.02% $9M
BRK-A 0.09% 0.10% -0.01% $729K
BRK-B 0.06% 0.07% -0.01% $486K

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 17 $577M 67.4%
Large Cap 14 $278M 32.6%

Portfolio Analytics

Avg Market Cap
$861.7B
Median Market Cap
$239.4B
Avg P/E
31.1
Median P/E
28.7
Avg Dividend Yield
0.01%
Avg Beta
1.00
# Stocks
29
# ETFs / Funds
2

Top Holdings (31 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 AMZN 8.69% 338,588 $74M $219.39 $14M +20,252 +6.4%
2 SAP 8.64% 242,973 $74M $304.10 $11M +7,125 +3.0%
3 MSFT 8.56% 147,011 $73M $497.41 $24M +15,688 +11.9%
4 GOOG 6.57% 316,696 $56M $177.39 $359K -40,597 -11.4%
5 GEV 5.46% 88,243 $47M $529.15 $9M -33,938 -27.8%
6 UBER 4.78% 438,323 $41M $93.30 $10M +12,976 +3.0%
7 META 4.69% 54,282 $40M $738.09 $10M +1,681 +3.2%
8 GE 4.57% 151,639 $39M $257.39 $10M +4,435 +3.0%
9 AON 4.43% 106,085 $38M $356.76 -$25M -52,468 -33.1%
10 TSM 4.13% 155,804 $35M $226.49 $10M +4,748 +3.1%
11 V 3.86% 93,028 $33M $355.05 $1M +2,788 +3.1%
12 NFLX 3.71% 23,664 $32M $1,339.13 -$2M -11,982 -33.6%
13 MA 3.46% 52,694 $30M $561.94 $2M +1,618 +3.2%
14 FI 3.14% 155,630 $27M $172.41 -$35M -125,476 -44.6%
15 LIN 2.78% 50,664 $24M $469.18 $863K +1,469 +3.0%
16 VST 2.61% 115,037 $22M $193.81 -$3M -100,430 -46.6%
17 CEG 2.46% 65,134 $21M $322.76 -$3M -53,075 -44.9%
18 WWD 2.26% 78,871 $19M $245.09 +78,871 NEW
19 BIL 2.21% 205,795 $19M $91.73 $11M +120,256 +140.6%
20 UNP 2.18% 80,994 $19M $230.08 -$14M -56,370 -41.0%
21 GWRE 2.17% 78,935 $19M $235.45 +78,935 NEW
22 AVGO 2.11% 65,472 $18M $275.65 $7M +1,945 +3.1%
23 HWM 1.74% 79,818 $15M $186.13 $5M +2,452 +3.2%
24 CRS 1.65% 50,886 $14M $276.38 $5M +1,554 +3.1%
25 SPOT 1.16% 12,934 $10M $767.34 +12,934 NEW
26 CSGP 1.01% 106,893 $9M $80.40 $367K +3,052 +2.9%
27 SGOV 0.76% 64,241 $6M $100.69 $3M +28,830 +81.4%
28 BRK-A 0.09% 1 $729K $728,800.00 -$70K
29 GOOGL 0.07% 3,400 $599K $176.23 $73K
30 BRK-B 0.06% 1,000 $486K $485.77 -$47K
31 UNH —% -$44M -83,996 -100.0% SOLD

New Positions

SymbolValue% Port
WWD $19M 2.26%
GWRE $19M 2.17%
SPOT $10M 1.16%

Sold Out Positions

SymbolValue% Port
UNH —%
View SEC EDGAR Filings for Night Owl Capital Management, LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms