Night Owl Capital Management, LLC Long-Term Concentrated

Location: Greenwich, CT

CIK: 0001410833 · Show all filings

Period: Q4 2014 (← Previous) (Next →)

Filing Date: Feb 13, 2015

Total Value: $203M (100.0% shares, 0.0% debt)

Holdings (26)

— 21ST CENTURY FOX 8.8%

Value $17.9M Shares 465,974 Share Price $38.41 Est. Cost/Share $33.57 Unrealized @ Report Date —

Value $16.68M Shares 63,603 Share Price $262.20 * Est. Cost/Share $40.14 Unrealized @ Report Date +38.7%

ECL ECOLAB 7.9%

Value $16.14M Shares 154,391 Share Price $104.52 * Est. Cost/Share $74.20 Unrealized @ Report Date +30.3%

MA MASTERCARD 7.8%

Value $15.91M Shares 184,621 Share Price $86.16 * Est. Cost/Share $70.71 Unrealized @ Report Date +7.9%

— THE PRICELINE GROUP 6.0%

Value $12.22M Shares 10,719 Share Price $1140.22 Est. Cost/Share $862.42 Unrealized @ Report Date —

— FLEETCOR TECHNOLGIES 5.0%

Value $10.25M Shares 68,927 Share Price $148.71 Est. Cost/Share $123.12 Unrealized @ Report Date —

— GOOGLE INC. CL C 4.9%

Value $10.03M Shares 19,060 Share Price $526.39 Est. Cost/Share $1102.08 Unrealized @ Report Date —

FAST FASTENAL 4.7%

Value $9.581M Shares 201,453 Share Price $47.56 * Est. Cost/Share $8.74 Unrealized @ Report Date -4.5%

— GOOGLE INC. CL A 4.7%

Value $9.574M Shares 18,042 Share Price $530.65 Est. Cost/Share $584.68 Unrealized @ Report Date —

Value $8.642M Shares 91,131 Share Price $94.83 Est. Cost/Share $65.40 Unrealized @ Report Date —

MSFT MICROSOFT CORP 4.2%

Value $8.556M Shares 184,194 Share Price $46.45 * Est. Cost/Share $35.36 Unrealized @ Report Date +12.8%

— SENSATA TECHNOLOGIES 4.1%

Value $8.265M Shares 157,695 Share Price $52.41 Est. Cost/Share $35.38 Unrealized @ Report Date —

SBH SALLY BEAUTY 3.6%

Value $7.367M Shares 239,647 Share Price $30.74 * Est. Cost/Share $29.65 Unrealized @ Report Date +0.2%

— CANADIAN PACIFIC RAILWAY 3.6%

Value $7.289M Shares 37,825 Share Price $192.70 Est. Cost/Share $130.45 Unrealized @ Report Date —

SBUX STARBUCKS 3.1%

Value $6.328M Shares 77,129 Share Price $82.04 * Est. Cost/Share $24.67 Unrealized @ Report Date +26.8%

META FACEBOOK 3.1%

Value $6.278M Shares 80,468 Share Price $78.02 * Est. Cost/Share $75.91 Unrealized @ Report Date 0.0%

UNP UNION PACIFIC CORP. 3.0%

Value $6.1M Shares 51,203 Share Price $119.13 * Est. Cost/Share $89.12 Unrealized @ Report Date +0.4%

BABA ALIBABA 2.8%

Value $5.652M Shares 54,380 Share Price $103.94 Est. Cost/Share $88.85 Unrealized @ Report Date —

— DUNKIN' BRANDS 2.7%

Value $5.457M Shares 127,943 Share Price $42.65 Est. Cost/Share $43.19 Unrealized @ Report Date —

— DISCOVERY COMMUNICATIONS CL A 2.7%

Value $5.43M Shares 157,626 Share Price $34.45 Est. Cost/Share $76.01 Unrealized @ Report Date —

BIDU BAIDU ADR REP ONE CL A 2.5%

Value $4.989M Shares 21,884 Share Price $227.97 Est. Cost/Share $227.35 Unrealized @ Report Date —

— DISCOVERY COMMUNICATIONS CL C 1.6%

Value $3.188M Shares 94,543 Share Price $33.72 Est. Cost/Share $37.28 Unrealized @ Report Date —

JNJ JOHNSON & JOHNSON 0.3%

Value $554K Shares 5,296 Share Price $104.61 * Est. Cost/Share $59.66 Unrealized @ Report Date +29.6%

— ACTAVIS PLC 0.2%

Value $326K Shares 1,265 Share Price $257.71 Est. Cost/Share $257.71 Unrealized @ Report Date —

MCK MCKESSON CORP 0.1%

Value $273K Shares 1,317 Share Price $207.29 * Est. Cost/Share $186.87 Unrealized @ Report Date 0.0%

BRK/A BERKSHIRE HATHAWAY INC CL A 0.1%

Value $226K Shares 1 Share Price $226000.00 * Est. Cost/Share $199815.62 Unrealized @ Report Date +8.3%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	21ST CENTURY FOX	465,974	$17.9M	8.8%	$38.41	$33.57	—	COM	90130A101
V	VISA	63,603	$16.68M	8.2%	$262.20 *	$40.14	+38.7%	COM	92826C839
ECL	ECOLAB	154,391	$16.14M	7.9%	$104.52 *	$74.20	+30.3%	COM	278865100
MA	MASTERCARD	184,621	$15.91M	7.8%	$86.16 *	$70.71	+7.9%	COM	57636Q104
—	THE PRICELINE GROUP	10,719	$12.22M	6.0%	$1140.22	$862.42	—	COM	741503403
—	FLEETCOR TECHNOLGIES	68,927	$10.25M	5.0%	$148.71	$123.12	—	COM	339041105
—	GOOGLE INC. CL C	19,060	$10.03M	4.9%	$526.39	$1102.08	—	COM	38259P706
FAST	FASTENAL	201,453	$9.581M	4.7%	$47.56 *	$8.74	-4.5%	COM	311900104
—	GOOGLE INC. CL A	18,042	$9.574M	4.7%	$530.65	$584.68	—	COM	38259P508
—	AON	91,131	$8.642M	4.3%	$94.83	$65.40	—	COM	G0408V102
MSFT	MICROSOFT CORP	184,194	$8.556M	4.2%	$46.45 *	$35.36	+12.8%	COM	594918104
—	SENSATA TECHNOLOGIES	157,695	$8.265M	4.1%	$52.41	$35.38	—	COM	N7902X106
SBH	SALLY BEAUTY	239,647	$7.367M	3.6%	$30.74 *	$29.65	+0.2%	COM	79546E104
—	CANADIAN PACIFIC RAILWAY	37,825	$7.289M	3.6%	$192.70	$130.45	—	COM	13645T100
SBUX	STARBUCKS	77,129	$6.328M	3.1%	$82.04 *	$24.67	+26.8%	COM	855244109
META	FACEBOOK	80,468	$6.278M	3.1%	$78.02 *	$75.91	0.0%	COM	30303M102
UNP	UNION PACIFIC CORP.	51,203	$6.1M	3.0%	$119.13 *	$89.12	+0.4%	COM	907818108
BABA	ALIBABA	54,380	$5.652M	2.8%	$103.94	$88.85	—	COM	01609W102
—	DUNKIN' BRANDS	127,943	$5.457M	2.7%	$42.65	$43.19	—	COM	265504100
—	DISCOVERY COMMUNICATIONS CL A	157,626	$5.43M	2.7%	$34.45	$76.01	—	COM	25470F104
BIDU	BAIDU ADR REP ONE CL A	21,884	$4.989M	2.5%	$227.97	$227.35	—	COM	056752108
—	DISCOVERY COMMUNICATIONS CL C	94,543	$3.188M	1.6%	$33.72	$37.28	—	COM	25470F302
JNJ	JOHNSON & JOHNSON	5,296	$554K	0.3%	$104.61 *	$59.66	+29.6%	COM	478160104
—	ACTAVIS PLC	1,265	$326K	0.2%	$257.71	$257.71	—	COM	G0083B108
MCK	MCKESSON CORP	1,317	$273K	0.1%	$207.29 *	$186.87	0.0%	COM	58155Q103
BRK/A	BERKSHIRE HATHAWAY INC CL A	1	$226K	0.1%	$226000.00 *	$199815.62	+8.3%	COM	084670108