Night Owl Capital Management, LLC Long-Term Concentrated

Location: Greenwich, CT

CIK: 0001410833 · Show all filings

Period: Q1 2015 (← Previous) (Next →)

Filing Date: May 15, 2015

Total Value: $191M (100.0% shares, 0.0% debt)

Holdings (25)

ECL ECOLAB 9.1%

Value $17.42M Shares 152,277 Share Price $114.38 * Est. Cost/Share $74.20 Unrealized @ Report Date +31.0%

Value $16.37M Shares 250,329 Share Price $65.41 * Est. Cost/Share $55.91 Unrealized @ Report Date +9.6%

MA MASTERCARD 8.2%

Value $15.73M Shares 182,057 Share Price $86.39 * Est. Cost/Share $70.71 Unrealized @ Report Date +14.9%

— GOOGLE INC. CL C 5.4%

Value $10.36M Shares 18,899 Share Price $548.02 Est. Cost/Share $1102.08 Unrealized @ Report Date —

— FLEETCOR TECHNOLGIES 5.4%

Value $10.3M Shares 68,270 Share Price $150.92 Est. Cost/Share $123.12 Unrealized @ Report Date —

UNP UNION PACIFIC CORP. 4.8%

Value $9.197M Shares 84,910 Share Price $108.31 * Est. Cost/Share $90.20 Unrealized @ Report Date +1.8%

— SENSATA TECHNOLOGIES 4.7%

Value $8.952M Shares 155,828 Share Price $57.45 Est. Cost/Share $35.38 Unrealized @ Report Date —

Value $8.616M Shares 89,639 Share Price $96.12 Est. Cost/Share $65.40 Unrealized @ Report Date —

FAST FASTENAL 4.4%

Value $8.476M Shares 204,566 Share Price $41.43 * Est. Cost/Share $8.73 Unrealized @ Report Date -7.3%

SBH SALLY BEAUTY 4.2%

Value $8.101M Shares 235,704 Share Price $34.37 * Est. Cost/Share $29.65 Unrealized @ Report Date +9.0%

MSFT MICROSOFT CORP 4.1%

Value $7.78M Shares 191,374 Share Price $40.65 * Est. Cost/Share $35.43 Unrealized @ Report Date +5.1%

SBUX STARBUCKS 3.8%

Value $7.185M Shares 75,872 Share Price $94.70 * Est. Cost/Share $24.67 Unrealized @ Report Date +46.4%

— THE PRICELINE GROUP 3.7%

Value $7.021M Shares 6,031 Share Price $1164.15 Est. Cost/Share $862.42 Unrealized @ Report Date —

— CANADIAN PACIFIC RAILWAY 3.6%

Value $6.81M Shares 37,276 Share Price $182.69 Est. Cost/Share $130.45 Unrealized @ Report Date —

— 21ST CENTURY FOX 3.4%

Value $6.551M Shares 193,577 Share Price $33.84 Est. Cost/Share $33.57 Unrealized @ Report Date —

META FACEBOOK 3.4%

Value $6.51M Shares 79,183 Share Price $82.21 * Est. Cost/Share $75.91 Unrealized @ Report Date +2.5%

MCK MCKESSON CORP 3.3%

Value $6.255M Shares 27,653 Share Price $226.20 * Est. Cost/Share $203.43 Unrealized @ Report Date +0.4%

— DUNKIN' BRANDS 3.1%

Value $5.986M Shares 125,865 Share Price $47.56 Est. Cost/Share $43.19 Unrealized @ Report Date —

VMC VULCAN MATERIALS 3.1%

Value $5.887M Shares 69,833 Share Price $84.30 * Est. Cost/Share $70.59 Unrealized @ Report Date 0.0%

DIS WALT DISNEY 3.0%

Value $5.816M Shares 55,448 Share Price $104.89 * Est. Cost/Share $91.86 Unrealized @ Report Date 0.0%

BABA ALIBABA 2.9%

Value $5.53M Shares 66,439 Share Price $83.23 Est. Cost/Share $87.83 Unrealized @ Report Date —

BIDU BAIDU ADR REP ONE CL A 2.8%

Value $5.424M Shares 26,027 Share Price $208.40 Est. Cost/Share $224.33 Unrealized @ Report Date —

JNJ JOHNSON & JOHNSON 0.3%

Value $533K Shares 5,296 Share Price $100.64 * Est. Cost/Share $59.66 Unrealized @ Report Date +25.9%

— ACTAVIS PLC 0.2%

Value $376K Shares 1,265 Share Price $297.23 Est. Cost/Share $257.71 Unrealized @ Report Date —

BRK/A BERKSHIRE HATHAWAY INC CL A 0.1%

Value $217K Shares 1 Share Price $217000.00 Est. Cost/Share $199815.62 Unrealized @ Report Date +10.6%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
ECL	ECOLAB	152,277	$17.42M	9.1%	$114.38 *	$74.20	+31.0%	COM	278865100
V	VISA	250,329	$16.37M	8.6%	$65.41 *	$55.91	+9.6%	COM	92826C839
MA	MASTERCARD	182,057	$15.73M	8.2%	$86.39 *	$70.71	+14.9%	COM	57636Q104
—	GOOGLE INC. CL C	18,899	$10.36M	5.4%	$548.02	$1102.08	—	COM	38259P706
—	FLEETCOR TECHNOLGIES	68,270	$10.3M	5.4%	$150.92	$123.12	—	COM	339041105
UNP	UNION PACIFIC CORP.	84,910	$9.197M	4.8%	$108.31 *	$90.20	+1.8%	COM	907818108
—	SENSATA TECHNOLOGIES	155,828	$8.952M	4.7%	$57.45	$35.38	—	COM	N7902X106
—	AON	89,639	$8.616M	4.5%	$96.12	$65.40	—	COM	G0408V102
FAST	FASTENAL	204,566	$8.476M	4.4%	$41.43 *	$8.73	-7.3%	COM	311900104
SBH	SALLY BEAUTY	235,704	$8.101M	4.2%	$34.37 *	$29.65	+9.0%	COM	79546E104
MSFT	MICROSOFT CORP	191,374	$7.78M	4.1%	$40.65 *	$35.43	+5.1%	COM	594918104
SBUX	STARBUCKS	75,872	$7.185M	3.8%	$94.70 *	$24.67	+46.4%	COM	855244109
—	THE PRICELINE GROUP	6,031	$7.021M	3.7%	$1164.15	$862.42	—	COM	741503403
—	CANADIAN PACIFIC RAILWAY	37,276	$6.81M	3.6%	$182.69	$130.45	—	COM	13645T100
—	21ST CENTURY FOX	193,577	$6.551M	3.4%	$33.84	$33.57	—	COM	90130A101
META	FACEBOOK	79,183	$6.51M	3.4%	$82.21 *	$75.91	+2.5%	COM	30303M102
MCK	MCKESSON CORP	27,653	$6.255M	3.3%	$226.20 *	$203.43	+0.4%	COM	58155Q103
—	DUNKIN' BRANDS	125,865	$5.986M	3.1%	$47.56	$43.19	—	COM	265504100
VMC	VULCAN MATERIALS	69,833	$5.887M	3.1%	$84.30 *	$70.59	0.0%	COM	929160109
DIS	WALT DISNEY	55,448	$5.816M	3.0%	$104.89 *	$91.86	0.0%	COM	254687106
BABA	ALIBABA	66,439	$5.53M	2.9%	$83.23	$87.83	—	COM	01609W102
BIDU	BAIDU ADR REP ONE CL A	26,027	$5.424M	2.8%	$208.40	$224.33	—	COM	056752108
JNJ	JOHNSON & JOHNSON	5,296	$533K	0.3%	$100.64 *	$59.66	+25.9%	COM	478160104
—	ACTAVIS PLC	1,265	$376K	0.2%	$297.23	$257.71	—	COM	G0083B108
BRK/A	BERKSHIRE HATHAWAY INC CL A	1	$217K	0.1%	$217000.00	$199815.62	+10.6%	COM	084670108