Night Owl Capital Management, LLC Long-Term Concentrated

Location: Greenwich, CT

CIK: 0001410833 · Show all filings

Period: Q3 2014 (← Previous) (Next →)

Filing Date: Nov 14, 2014

Total Value: $223M (100.0% shares, 0.0% debt)

Holdings (27)

ECL ECOLAB 8.4%

Value $18.82M Shares 163,879 Share Price $114.83 * Est. Cost/Share $74.20 Unrealized @ Report Date +33.8%

Value $18.01M Shares 84,424 Share Price $213.38 * Est. Cost/Share $40.14 Unrealized @ Report Date +23.6%

— 21ST CENTURY FOX 7.5%

Value $16.67M Shares 486,257 Share Price $34.29 Est. Cost/Share $33.57 Unrealized @ Report Date —

Value $15.2M Shares 173,375 Share Price $87.67 Est. Cost/Share $65.40 Unrealized @ Report Date —

MA MASTERCARD 6.4%

Value $14.2M Shares 192,119 Share Price $73.92 * Est. Cost/Share $70.71 Unrealized @ Report Date +0.5%

— DUNKIN' BRANDS 6.1%

Value $13.59M Shares 303,251 Share Price $44.82 Est. Cost/Share $43.19 Unrealized @ Report Date —

— THE PRICELINE GROUP 5.3%

Value $11.92M Shares 10,289 Share Price $1158.62 Est. Cost/Share $850.81 Unrealized @ Report Date —

— GOOGLE INC. CL C 5.1%

Value $11.37M Shares 19,699 Share Price $577.34 Est. Cost/Share $1102.08 Unrealized @ Report Date —

SBH SALLY BEAUTY 5.1%

Value $11.29M Shares 412,493 Share Price $27.37 * Est. Cost/Share $29.65 Unrealized @ Report Date -10.6%

— GOOGLE INC. CL A 4.9%

Value $10.99M Shares 18,681 Share Price $588.41 Est. Cost/Share $584.68 Unrealized @ Report Date —

SBUX STARBUCKS 4.7%

Value $10.4M Shares 137,805 Share Price $75.46 * Est. Cost/Share $24.67 Unrealized @ Report Date +25.1%

FAST FASTENAL 4.2%

Value $9.454M Shares 210,559 Share Price $44.90 * Est. Cost/Share $8.74 Unrealized @ Report Date -3.1%

MSFT MICROSOFT CORP 4.0%

Value $8.864M Shares 191,193 Share Price $46.36 * Est. Cost/Share $35.36 Unrealized @ Report Date +6.5%

— CANADIAN PACIFIC RAILWAY 3.7%

Value $8.193M Shares 39,490 Share Price $207.47 Est. Cost/Share $130.45 Unrealized @ Report Date —

— FLEETCOR TECHNOLGIES 3.4%

Value $7.513M Shares 52,865 Share Price $142.12 Est. Cost/Share $115.35 Unrealized @ Report Date —

— SENSATA TECHNOLOGIES 3.3%

Value $7.298M Shares 163,890 Share Price $44.53 Est. Cost/Share $35.38 Unrealized @ Report Date —

— DISCOVERY COMMUNICATIONS CL A 2.8%

Value $6.213M Shares 164,362 Share Price $37.80 Est. Cost/Share $76.01 Unrealized @ Report Date —

— DISCOVERY COMMUNICATIONS CL C 2.7%

Value $6.075M Shares 162,945 Share Price $37.28 Est. Cost/Share $37.28 Unrealized @ Report Date —

— ORACLE 2.5%

Value $5.483M Shares 143,244 Share Price $38.28 Est. Cost/Share $30.76 Unrealized @ Report Date —

BABA ALIBABA 2.2%

Value $5.019M Shares 56,488 Share Price $88.85 Est. Cost/Share $88.85 Unrealized @ Report Date —

TCTZF TENCENT HOLDINGS LTD 2.1%

Value $4.752M Shares 319,500 Share Price $14.87 * Est. Cost/Share $16.22 Unrealized @ Report Date 0.0%

JNJ JOHNSON & JOHNSON 0.3%

Value $565K Shares 5,296 Share Price $106.68 * Est. Cost/Share $59.66 Unrealized @ Report Date +26.7%

AAPL APPLE INC. 0.1%

Value $314K Shares 3,112 Share Price $100.90 * Est. Cost/Share $21.63 Unrealized @ Report Date 0.0%

BIDU BAIDU ADR REP ONE CL A 0.1%

Value $295K Shares 1,354 Share Price $217.87 Est. Cost/Share $217.87 Unrealized @ Report Date —

DG DOLLAR GENERAL 0.1%

Value $277K Shares 4,525 Share Price $61.22 * Est. Cost/Share $45.35 Unrealized @ Report Date +14.8%

BRK/A BERKSHIRE HATHAWAY INC CL A 0.1%

Value $207K Shares 1 Share Price $207000.00 * Est. Cost/Share $199815.62 Unrealized @ Report Date 0.0%

UNP UNION PACIFIC CORP. 0.1%

Value $205K Shares 1,892 Share Price $108.35 * Est. Cost/Share $80.32 Unrealized @ Report Date 0.0%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
ECL	ECOLAB	163,879	$18.82M	8.4%	$114.83 *	$74.20	+33.8%	COM	278865100
V	VISA	84,424	$18.01M	8.1%	$213.38 *	$40.14	+23.6%	COM	92826C839
—	21ST CENTURY FOX	486,257	$16.67M	7.5%	$34.29	$33.57	—	COM	90130A101
—	AON	173,375	$15.2M	6.8%	$87.67	$65.40	—	COM	G0408V102
MA	MASTERCARD	192,119	$14.2M	6.4%	$73.92 *	$70.71	+0.5%	COM	57636Q104
—	DUNKIN' BRANDS	303,251	$13.59M	6.1%	$44.82	$43.19	—	COM	265504100
—	THE PRICELINE GROUP	10,289	$11.92M	5.3%	$1158.62	$850.81	—	COM	741503403
—	GOOGLE INC. CL C	19,699	$11.37M	5.1%	$577.34	$1102.08	—	COM	38259P706
SBH	SALLY BEAUTY	412,493	$11.29M	5.1%	$27.37 *	$29.65	-10.6%	COM	79546E104
—	GOOGLE INC. CL A	18,681	$10.99M	4.9%	$588.41	$584.68	—	COM	38259P508
SBUX	STARBUCKS	137,805	$10.4M	4.7%	$75.46 *	$24.67	+25.1%	COM	855244109
FAST	FASTENAL	210,559	$9.454M	4.2%	$44.90 *	$8.74	-3.1%	COM	311900104
MSFT	MICROSOFT CORP	191,193	$8.864M	4.0%	$46.36 *	$35.36	+6.5%	COM	594918104
—	CANADIAN PACIFIC RAILWAY	39,490	$8.193M	3.7%	$207.47	$130.45	—	COM	13645T100
—	FLEETCOR TECHNOLGIES	52,865	$7.513M	3.4%	$142.12	$115.35	—	COM	339041105
—	SENSATA TECHNOLOGIES	163,890	$7.298M	3.3%	$44.53	$35.38	—	COM	N7902X106
—	DISCOVERY COMMUNICATIONS CL A	164,362	$6.213M	2.8%	$37.80	$76.01	—	COM	25470F104
—	DISCOVERY COMMUNICATIONS CL C	162,945	$6.075M	2.7%	$37.28	$37.28	—	COM	25470F302
—	ORACLE	143,244	$5.483M	2.5%	$38.28	$30.76	—	COM	68389x105
BABA	ALIBABA	56,488	$5.019M	2.2%	$88.85	$88.85	—	COM	01609W102
TCTZF	TENCENT HOLDINGS LTD	319,500	$4.752M	2.1%	$14.87 *	$16.22	0.0%	COM	G87572163
JNJ	JOHNSON & JOHNSON	5,296	$565K	0.3%	$106.68 *	$59.66	+26.7%	COM	478160104
AAPL	APPLE INC.	3,112	$314K	0.1%	$100.90 *	$21.63	0.0%	COM	037833100
BIDU	BAIDU ADR REP ONE CL A	1,354	$295K	0.1%	$217.87	$217.87	—	COM	056752108
DG	DOLLAR GENERAL	4,525	$277K	0.1%	$61.22 *	$45.35	+14.8%	COM	256677105
BRK/A	BERKSHIRE HATHAWAY INC CL A	1	$207K	0.1%	$207000.00 *	$199815.62	0.0%	COM	084670108
UNP	UNION PACIFIC CORP.	1,892	$205K	0.1%	$108.35 *	$80.32	0.0%	COM	907818108