Night Owl Capital Management, LLC Long-Term Concentrated

Location: Greenwich, CT

CIK: 0001410833 · Show all filings

Period: Q2 2013 (Next →)

Filing Date: Aug 14, 2013

Total Value: $182M (100.0% shares, 0.0% debt)

Holdings (25)

Value $18.36M Shares 100,439 Share Price $182.75 * Est. Cost/Share $40.02 Unrealized @ Report Date 0.0%

Value $13.45M Shares 260,098 Share Price $51.72 * Est. Cost/Share $20.18 Unrealized @ Report Date 0.0%

ECL ECOLAB 7.3%

Value $13.28M Shares 155,939 Share Price $85.19 * Est. Cost/Share $73.48 Unrealized @ Report Date 0.0%

— GOOGLE 6.7%

Value $12.2M Shares 13,855 Share Price $880.40 Est. Cost/Share $880.40 Unrealized @ Report Date —

— DUNKIN' BRANDS 6.6%

Value $11.91M Shares 278,240 Share Price $42.82 Est. Cost/Share $42.82 Unrealized @ Report Date —

DG DOLLAR GENERAL 6.5%

Value $11.73M Shares 232,554 Share Price $50.43 * Est. Cost/Share $45.09 Unrealized @ Report Date 0.0%

Value $10.43M Shares 162,007 Share Price $64.35 Est. Cost/Share $64.35 Unrealized @ Report Date —

MA MASTERCARD 5.6%

Value $10.18M Shares 17,721 Share Price $574.52 * Est. Cost/Share $51.54 Unrealized @ Report Date 0.0%

— NEWS CORP (OLD) 5.5%

Value $10.07M Shares 309,153 Share Price $32.58 Est. Cost/Share $32.58 Unrealized @ Report Date —

— ORACLE 5.4%

Value $9.78M Shares 318,451 Share Price $30.71 Est. Cost/Share $30.71 Unrealized @ Report Date —

SBH SALLY BEAUTY 5.4%

Value $9.765M Shares 313,995 Share Price $31.10 * Est. Cost/Share $30.22 Unrealized @ Report Date 0.0%

SBUX STARBUCKS 4.6%

Value $8.402M Shares 128,256 Share Price $65.51 * Est. Cost/Share $24.37 Unrealized @ Report Date 0.0%

— PRICELINE.COM 4.2%

Value $7.717M Shares 9,335 Share Price $826.67 Est. Cost/Share $826.67 Unrealized @ Report Date —

FAST FASTENAL 3.1%

Value $5.687M Shares 124,190 Share Price $45.79 * Est. Cost/Share $8.84 Unrealized @ Report Date 0.0%

AZO AUTOZONE 2.9%

Value $5.214M Shares 12,305 Share Price $423.73 * Est. Cost/Share $407.86 Unrealized @ Report Date 0.0%

— SENSATA TECHNOLOGIES 2.9%

Value $5.18M Shares 148,410 Share Price $34.90 Est. Cost/Share $34.90 Unrealized @ Report Date —

— AIRGAS 2.5%

Value $4.562M Shares 47,790 Share Price $95.46 Est. Cost/Share $95.46 Unrealized @ Report Date —

— DISCOVERY COMMUNICATIONS 2.5%

Value $4.493M Shares 58,172 Share Price $77.24 Est. Cost/Share $77.24 Unrealized @ Report Date —

— 21ST CENTURY FOX WHEN ISSUED 2.3%

Value $4.111M Shares 141,815 Share Price $28.99 Est. Cost/Share $28.99 Unrealized @ Report Date —

— CANADIAN PACIFIC RAILWAY 1.8%

Value $3.264M Shares 26,889 Share Price $121.39 Est. Cost/Share $121.39 Unrealized @ Report Date —

BRK/A BERKSHIRE HATHAWAY INC CL A 0.3%

Value $506K Shares 3 Share Price $168666.67 * Est. Cost/Share $165023.42 Unrealized @ Report Date 0.0%

JNJ JOHNSON & JOHNSON 0.3%

Value $489K Shares 5,700 Share Price $85.79 * Est. Cost/Share $59.66 Unrealized @ Report Date 0.0%

TMO THERMO FISHER SCIENTIFIC 0.3%

Value $487K Shares 5,750 Share Price $84.70 * Est. Cost/Share $79.76 Unrealized @ Report Date 0.0%

— REALOGY HOLDINGS 0.1%

Value $250K Shares 5,205 Share Price $48.03 Est. Cost/Share $48.03 Unrealized @ Report Date —

PFE PFIZER 0.1%

Value $229K Shares 8,166 Share Price $28.04 * Est. Cost/Share $16.46 Unrealized @ Report Date 0.0%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
V	VISA	100,439	$18.36M	10.1%	$182.75 *	$40.02	0.0%	COM	92826C839
EBAY	eBAY	260,098	$13.45M	7.4%	$51.72 *	$20.18	0.0%	COM	278642103
ECL	ECOLAB	155,939	$13.28M	7.3%	$85.19 *	$73.48	0.0%	COM	278865100
—	GOOGLE	13,855	$12.2M	6.7%	$880.40	$880.40	—	COM	38259P508
—	DUNKIN' BRANDS	278,240	$11.91M	6.6%	$42.82	$42.82	—	COM	265504100
DG	DOLLAR GENERAL	232,554	$11.73M	6.5%	$50.43 *	$45.09	0.0%	COM	256677105
—	AON	162,007	$10.43M	5.7%	$64.35	$64.35	—	COM	G0408V102
MA	MASTERCARD	17,721	$10.18M	5.6%	$574.52 *	$51.54	0.0%	COM	57636Q104
—	NEWS CORP (OLD)	309,153	$10.07M	5.5%	$32.58	$32.58	—	COM	65248E104
—	ORACLE	318,451	$9.78M	5.4%	$30.71	$30.71	—	COM	68389x105
SBH	SALLY BEAUTY	313,995	$9.765M	5.4%	$31.10 *	$30.22	0.0%	COM	79546E104
SBUX	STARBUCKS	128,256	$8.402M	4.6%	$65.51 *	$24.37	0.0%	COM	855244109
—	PRICELINE.COM	9,335	$7.717M	4.2%	$826.67	$826.67	—	COM	741503403
FAST	FASTENAL	124,190	$5.687M	3.1%	$45.79 *	$8.84	0.0%	COM	311900104
AZO	AUTOZONE	12,305	$5.214M	2.9%	$423.73 *	$407.86	0.0%	COM	053332102
—	SENSATA TECHNOLOGIES	148,410	$5.18M	2.9%	$34.90	$34.90	—	COM	N7902X106
—	AIRGAS	47,790	$4.562M	2.5%	$95.46	$95.46	—	COM	009363102
—	DISCOVERY COMMUNICATIONS	58,172	$4.493M	2.5%	$77.24	$77.24	—	COM	25470F104
—	21ST CENTURY FOX WHEN ISSUED	141,815	$4.111M	2.3%	$28.99	$28.99	—	COM	90130A903
—	CANADIAN PACIFIC RAILWAY	26,889	$3.264M	1.8%	$121.39	$121.39	—	COM	13645T100
BRK/A	BERKSHIRE HATHAWAY INC CL A	3	$506K	0.3%	$168666.67 *	$165023.42	0.0%	COM	084670108
JNJ	JOHNSON & JOHNSON	5,700	$489K	0.3%	$85.79 *	$59.66	0.0%	COM	478160104
TMO	THERMO FISHER SCIENTIFIC	5,750	$487K	0.3%	$84.70 *	$79.76	0.0%	COM	883556102
—	REALOGY HOLDINGS	5,205	$250K	0.1%	$48.03	$48.03	—	COM	75605Y106
PFE	PFIZER	8,166	$229K	0.1%	$28.04 *	$16.46	0.0%	COM	717081103