Night Owl Capital Management, LLC Long-Term Concentrated

Location: Greenwich, CT

CIK: 0001410833 · Show all filings

Period: Q2 2015 (← Previous) (Next →)

Filing Date: Aug 14, 2015

Total Value: $194M (100.0% shares, 0.0% debt)

Holdings (25)

ECL ECOLAB 8.9%

Value $17.28M Shares 152,840 Share Price $113.07 * Est. Cost/Share $74.20 Unrealized @ Report Date +37.8%

MA MASTERCARD 8.8%

Value $17.08M Shares 182,753 Share Price $93.48 * Est. Cost/Share $70.71 Unrealized @ Report Date +21.8%

Value $16.87M Shares 251,205 Share Price $67.15 * Est. Cost/Share $55.91 Unrealized @ Report Date +12.5%

— FLEETCOR TECHNOLGIES 5.5%

Value $10.72M Shares 68,666 Share Price $156.06 Est. Cost/Share $123.12 Unrealized @ Report Date —

— GOOGLE INC. CL C 5.1%

Value $9.867M Shares 18,956 Share Price $520.52 Est. Cost/Share $1102.08 Unrealized @ Report Date —

Value $8.979M Shares 90,082 Share Price $99.68 Est. Cost/Share $65.40 Unrealized @ Report Date —

UNP UNION PACIFIC CORP. 4.5%

Value $8.709M Shares 91,316 Share Price $95.37 * Est. Cost/Share $89.63 Unrealized @ Report Date -8.5%

FAST FASTENAL 4.5%

Value $8.671M Shares 205,569 Share Price $42.18 * Est. Cost/Share $8.73 Unrealized @ Report Date -9.1%

MSFT MICROSOFT CORP 4.4%

Value $8.509M Shares 192,735 Share Price $44.15 * Est. Cost/Share $35.43 Unrealized @ Report Date +10.9%

— SENSATA TECHNOLOGIES 4.3%

Value $8.263M Shares 156,682 Share Price $52.74 Est. Cost/Share $35.38 Unrealized @ Report Date —

SBUX STARBUCKS 4.2%

Value $8.181M Shares 152,595 Share Price $53.61 * Est. Cost/Share $32.84 Unrealized @ Report Date +24.6%

SBH SALLY BEAUTY 3.9%

Value $7.486M Shares 237,054 Share Price $31.58 Est. Cost/Share $29.65 Unrealized @ Report Date +7.1%

— THE PRICELINE GROUP 3.6%

Value $6.983M Shares 6,065 Share Price $1151.36 Est. Cost/Share $862.42 Unrealized @ Report Date —

— DUNKIN' BRANDS 3.6%

Value $6.961M Shares 126,567 Share Price $55.00 Est. Cost/Share $43.19 Unrealized @ Report Date —

META FACEBOOK 3.5%

Value $6.829M Shares 79,624 Share Price $85.77 * Est. Cost/Share $75.91 Unrealized @ Report Date +6.8%

DIS WALT DISNEY 3.3%

Value $6.362M Shares 55,741 Share Price $114.14 * Est. Cost/Share $91.86 Unrealized @ Report Date +8.9%

— 21ST CENTURY FOX 3.3%

Value $6.336M Shares 194,683 Share Price $32.55 Est. Cost/Share $33.57 Unrealized @ Report Date —

MCK MCKESSON CORP 3.2%

Value $6.251M Shares 27,808 Share Price $224.79 * Est. Cost/Share $203.43 Unrealized @ Report Date +4.8%

— CANADIAN PACIFIC RAILWAY 3.2%

Value $6.187M Shares 38,611 Share Price $160.24 Est. Cost/Share $131.48 Unrealized @ Report Date —

VMC VULCAN MATERIALS 3.0%

Value $5.887M Shares 70,140 Share Price $83.93 * Est. Cost/Share $70.59 Unrealized @ Report Date +13.1%

BABA ALIBABA 2.8%

Value $5.49M Shares 66,733 Share Price $82.27 Est. Cost/Share $87.83 Unrealized @ Report Date —

BIDU BAIDU ADR REP ONE CL A 2.7%

Value $5.207M Shares 26,154 Share Price $199.09 Est. Cost/Share $224.33 Unrealized @ Report Date —

JNJ JOHNSON & JOHNSON 0.3%

Value $516K Shares 5,296 Share Price $97.43 * Est. Cost/Share $59.66 Unrealized @ Report Date +24.9%

— ALLERGAN PLC 0.2%

Value $384K Shares 1,265 Share Price $303.56 Est. Cost/Share $303.56 Unrealized @ Report Date —

BRK/A BERKSHIRE HATHAWAY INC CL A 0.1%

Value $205K Shares 1 Share Price $205000.00 * Est. Cost/Share $199815.62 Unrealized @ Report Date +7.4%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
ECL	ECOLAB	152,840	$17.28M	8.9%	$113.07 *	$74.20	+37.8%	COM	278865100
MA	MASTERCARD	182,753	$17.08M	8.8%	$93.48 *	$70.71	+21.8%	COM	57636Q104
V	VISA	251,205	$16.87M	8.7%	$67.15 *	$55.91	+12.5%	COM	92826C839
—	FLEETCOR TECHNOLGIES	68,666	$10.72M	5.5%	$156.06	$123.12	—	COM	339041105
—	GOOGLE INC. CL C	18,956	$9.867M	5.1%	$520.52	$1102.08	—	COM	38259P706
—	AON	90,082	$8.979M	4.6%	$99.68	$65.40	—	COM	G0408V102
UNP	UNION PACIFIC CORP.	91,316	$8.709M	4.5%	$95.37 *	$89.63	-8.5%	COM	907818108
FAST	FASTENAL	205,569	$8.671M	4.5%	$42.18 *	$8.73	-9.1%	COM	311900104
MSFT	MICROSOFT CORP	192,735	$8.509M	4.4%	$44.15 *	$35.43	+10.9%	COM	594918104
—	SENSATA TECHNOLOGIES	156,682	$8.263M	4.3%	$52.74	$35.38	—	COM	N7902X106
SBUX	STARBUCKS	152,595	$8.181M	4.2%	$53.61 *	$32.84	+24.6%	COM	855244109
SBH	SALLY BEAUTY	237,054	$7.486M	3.9%	$31.58	$29.65	+7.1%	COM	79546E104
—	THE PRICELINE GROUP	6,065	$6.983M	3.6%	$1151.36	$862.42	—	COM	741503403
—	DUNKIN' BRANDS	126,567	$6.961M	3.6%	$55.00	$43.19	—	COM	265504100
META	FACEBOOK	79,624	$6.829M	3.5%	$85.77 *	$75.91	+6.8%	COM	30303M102
DIS	WALT DISNEY	55,741	$6.362M	3.3%	$114.14 *	$91.86	+8.9%	COM	254687106
—	21ST CENTURY FOX	194,683	$6.336M	3.3%	$32.55	$33.57	—	COM	90130A101
MCK	MCKESSON CORP	27,808	$6.251M	3.2%	$224.79 *	$203.43	+4.8%	COM	58155Q103
—	CANADIAN PACIFIC RAILWAY	38,611	$6.187M	3.2%	$160.24	$131.48	—	COM	13645T100
VMC	VULCAN MATERIALS	70,140	$5.887M	3.0%	$83.93 *	$70.59	+13.1%	COM	929160109
BABA	ALIBABA	66,733	$5.49M	2.8%	$82.27	$87.83	—	COM	01609W102
BIDU	BAIDU ADR REP ONE CL A	26,154	$5.207M	2.7%	$199.09	$224.33	—	COM	056752108
JNJ	JOHNSON & JOHNSON	5,296	$516K	0.3%	$97.43 *	$59.66	+24.9%	COM	478160104
—	ALLERGAN PLC	1,265	$384K	0.2%	$303.56	$303.56	—	COM	G0177J108
BRK/A	BERKSHIRE HATHAWAY INC CL A	1	$205K	0.1%	$205000.00 *	$199815.62	+7.4%	COM	084670108