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Night Owl Capital Management, LLC

Q3 2025 · Filed 2025-11-14
Market Value
$908M
+6.3%
Holdings
30
-1
New Purchases
0
Added To
23
Closed
1
Reduced
3
Top 10 Concentration
61.2%
Turnover
3.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
UNP 4.73% 2.18% +2.55% $43M
GOOG 8.56% 6.57% +1.99% $78M
SPOT 2.33% 1.16% +1.17% $21M
WWD 3.40% 2.26% +1.14% $31M
TSM 4.84% 4.13% +0.71% $44M
META 5.27% 4.69% +0.59% $48M
GEV 6.03% 5.46% +0.56% $55M
GE 5.06% 4.57% +0.50% $46M
AVGO 2.40% 2.11% +0.29% $22M
GOOGL 0.09% 0.07% +0.02% $827K
HWM 1.74% 1.74% +0.00% $16M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
FI 0.00% 3.14% -3.14% $0
AMZN 6.25% 8.69% -2.44% $57M
SAP 7.21% 8.64% -1.43% $65M
NFLX 3.15% 3.71% -0.55% $29M
V 3.53% 3.86% -0.34% $32M
BIL 1.88% 2.21% -0.33% $17M
CRS 1.39% 1.65% -0.26% $13M
AON 4.20% 4.43% -0.23% $38M
GWRE 2.01% 2.17% -0.16% $18M
MA 3.33% 3.46% -0.14% $30M
LIN 2.67% 2.78% -0.11% $24M
MSFT 8.45% 8.56% -0.10% $77M
VST 2.51% 2.61% -0.10% $23M
SGOV 0.66% 0.76% -0.09% $6M
CEG 2.38% 2.46% -0.08% $22M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 16 $608M 67.0%
Large Cap 14 $300M 33.0%

Portfolio Analytics

Avg Market Cap
$878.7B
Median Market Cap
$222.2B
Avg P/E
31.2
Median P/E
28.5
Avg Dividend Yield
0.00%
Avg Beta
1.01
# Stocks
28
# ETFs / Funds
2

Top Holdings (30 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 GOOG 8.56% 319,270 $78M $243.55 $22M +2,574 +0.8%
2 MSFT 8.45% 148,206 $77M $517.95 $4M +1,195 +0.8%
3 SAP 7.21% 245,058 $65M $267.21 -$8M +2,085 +0.9%
4 AMZN 6.25% 258,499 $57M $219.57 -$18M -80,089 -23.6%
5 GEV 6.03% 88,990 $55M $614.90 $8M +747 +0.8%
6 META 5.27% 65,217 $48M $734.38 $8M +10,935 +20.1%
7 GE 5.06% 152,871 $46M $300.82 $7M +1,232 +0.8%
8 TSM 4.84% 157,311 $44M $279.29 $9M +1,507 +1.0%
9 UBER 4.77% 441,903 $43M $97.97 $2M +3,580 +0.8%
10 UNP 4.73% 181,793 $43M $236.37 $24M +100,799 +124.5%
11 AON 4.20% 107,023 $38M $356.58 $315K +938 +0.9%
12 V 3.53% 93,860 $32M $341.38 -$988K +832 +0.9%
13 WWD 3.40% 122,367 $31M $252.71 $12M +43,496 +55.1%
14 MA 3.33% 53,118 $30M $568.81 $603K +424 +0.8%
15 NFLX 3.15% 23,888 $29M $1,198.92 -$3M +224 +0.9%
16 LIN 2.67% 51,088 $24M $475.00 $496K +424 +0.8%
17 VST 2.51% 116,161 $23M $195.92 $463K +1,124 +1.0%
18 AVGO 2.40% 66,065 $22M $329.91 $4M +593 +0.9%
19 CEG 2.38% 65,775 $22M $329.07 $622K +641 +1.0%
20 SPOT 2.33% 30,352 $21M $698.00 $11M +17,418 +134.7%
21 GWRE 2.01% 79,596 $18M $229.86 -$289K +661 +0.8%
22 BIL 1.88% 186,441 $17M $91.75 -$2M -19,354 -9.4%
23 HWM 1.74% 80,499 $16M $196.23 $940K +681 +0.8%
24 CRS 1.39% 51,321 $13M $245.54 -$1M +435 +0.8%
25 CSGP 1.00% 107,711 $9M $84.37 $493K +818 +0.8%
26 SGOV 0.66% 59,941 $6M $100.70 -$433K -4,300 -6.7%
27 GOOGL 0.09% 3,400 $827K $243.10 $227K
28 BRK-A 0.08% 1 $754K $754,200.00 $25K
29 BRK-B 0.06% 1,000 $503K $502.74 $17K
30 FI —% -$27M -155,630 -100.0% SOLD

Sold Out Positions

SymbolValue% Port
FI —%
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