Night Owl Capital Management, LLC Long-Term Concentrated

Location: Greenwich, CT

CIK: 0001410833 · Show all filings

Period: Q3 2017 (← Previous) (Next →)

Filing Date: Nov 14, 2017

Total Value: $207M (100.0% shares, 0.0% debt)

Holdings (25)

Value $23.71M Shares 225,275 Share Price $105.24 * Est. Cost/Share $55.91 Unrealized @ Report Date +71.2%

MA MASTERCARD 11.1%

Value $22.93M Shares 162,412 Share Price $141.20 * Est. Cost/Share $70.71 Unrealized @ Report Date +78.7%

GOOG ALPHABET INC. CL C 8.4%

Value $17.34M Shares 18,077 Share Price $959.12 * Est. Cost/Share $30.50 Unrealized @ Report Date +51.6%

AMZN AMAZON.COM 7.0%

Value $14.57M Shares 15,156 Share Price $961.34 * Est. Cost/Share $30.18 Unrealized @ Report Date +62.8%

MSFT MICROSOFT CORP 6.2%

Value $12.85M Shares 172,500 Share Price $74.49 * Est. Cost/Share $36.27 Unrealized @ Report Date +83.8%

— THE PRICELINE GROUP 6.0%

Value $12.38M Shares 6,763 Share Price $1830.84 Est. Cost/Share $941.67 Unrealized @ Report Date —

Value $11.8M Shares 80,738 Share Price $146.10 Est. Cost/Share $65.40 Unrealized @ Report Date —

META FACEBOOK 4.5%

Value $9.357M Shares 54,763 Share Price $170.86 * Est. Cost/Share $90.82 Unrealized @ Report Date +82.5%

— FIRST DATA CORP 4.1%

Value $8.4M Shares 465,644 Share Price $18.04 Est. Cost/Share $16.19 Unrealized @ Report Date —

SHOP SHOPIFY 3.6%

Value $7.451M Shares 63,960 Share Price $116.49 * Est. Cost/Share $8.46 Unrealized @ Report Date +20.7%

BLKB BLACKBAUD INC 3.6%

Value $7.446M Shares 84,806 Share Price $87.80 * Est. Cost/Share $65.32 Unrealized @ Report Date +30.2%

SBUX STARBUCKS 3.6%

Value $7.441M Shares 138,539 Share Price $53.71 * Est. Cost/Share $33.09 Unrealized @ Report Date +39.6%

W WAYFAIR INC. 3.3%

Value $6.914M Shares 102,585 Share Price $67.40 * Est. Cost/Share $39.52 Unrealized @ Report Date +87.8%

BURL BURLINGTON STORES INC 3.2%

Value $6.689M Shares 70,071 Share Price $95.46 * Est. Cost/Share $77.34 Unrealized @ Report Date +13.5%

CSGP COSTAR GROUP 2.9%

Value $6.102M Shares 22,749 Share Price $268.23 * Est. Cost/Share $19.64 Unrealized @ Report Date +41.3%

DLMAF DOLLARAMA 2.8%

Value $5.869M Shares 53,765 Share Price $109.16 * Est. Cost/Share $23.96 Unrealized @ Report Date +36.0%

TYL TYLER TECHNOLOGIES 2.8%

Value $5.832M Shares 33,454 Share Price $174.33 Est. Cost/Share $139.28 Unrealized @ Report Date +23.4%

CHTR CHARTER COMMUNICATIONS, INC 2.5%

Value $5.184M Shares 14,265 Share Price $363.41 * Est. Cost/Share $214.89 Unrealized @ Report Date +73.2%

ADBE ADOBE SYSTEMS INC. 2.4%

Value $4.985M Shares 33,414 Share Price $149.19 Est. Cost/Share $149.24 Unrealized @ Report Date 0.0%

BIDU BAIDU ADR REP ONE CL A 2.0%

Value $4.197M Shares 16,945 Share Price $247.68 Est. Cost/Share $196.11 Unrealized @ Report Date —

— SENSATA TECHNOLOGIES 2.0%

Value $4.094M Shares 85,164 Share Price $48.07 Est. Cost/Share $37.15 Unrealized @ Report Date —

JNJ JOHNSON & JOHNSON 0.3%

Value $552K Shares 4,246 Share Price $130.00 * Est. Cost/Share $63.16 Unrealized @ Report Date +66.2%

BABA ALIBABA 0.2%

Value $384K Shares 2,226 Share Price $172.51 Est. Cost/Share $172.51 Unrealized @ Report Date —

BRK/A BERKSHIRE HATHAWAY INC CL A 0.1%

Value $275K Shares 1 Share Price $275000.00 * Est. Cost/Share $199512.94 Unrealized @ Report Date +33.0%

— SOCIAL CAPITAL HEDOSOPHIA 0.1%

Value $190K Shares 18,000 Share Price $10.56 Est. Cost/Share $10.56 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
V	VISA	225,275	$23.71M	11.5%	$105.24 *	$55.91	+71.2%	COM	92826C839
MA	MASTERCARD	162,412	$22.93M	11.1%	$141.20 *	$70.71	+78.7%	COM	57636Q104
GOOG	ALPHABET INC. CL C	18,077	$17.34M	8.4%	$959.12 *	$30.50	+51.6%	COM	02079K107
AMZN	AMAZON.COM	15,156	$14.57M	7.0%	$961.34 *	$30.18	+62.8%	COM	023135106
MSFT	MICROSOFT CORP	172,500	$12.85M	6.2%	$74.49 *	$36.27	+83.8%	COM	594918104
—	THE PRICELINE GROUP	6,763	$12.38M	6.0%	$1830.84	$941.67	—	COM	741503403
—	AON	80,738	$11.8M	5.7%	$146.10	$65.40	—	COM	G0408V102
META	FACEBOOK	54,763	$9.357M	4.5%	$170.86 *	$90.82	+82.5%	COM	30303M102
—	FIRST DATA CORP	465,644	$8.4M	4.1%	$18.04	$16.19	—	COM	32008D106
SHOP	SHOPIFY	63,960	$7.451M	3.6%	$116.49 *	$8.46	+20.7%	COM	82509L107
BLKB	BLACKBAUD INC	84,806	$7.446M	3.6%	$87.80 *	$65.32	+30.2%	COM	09227Q100
SBUX	STARBUCKS	138,539	$7.441M	3.6%	$53.71 *	$33.09	+39.6%	COM	855244109
W	WAYFAIR INC.	102,585	$6.914M	3.3%	$67.40 *	$39.52	+87.8%	COM	94419L101
BURL	BURLINGTON STORES INC	70,071	$6.689M	3.2%	$95.46 *	$77.34	+13.5%	COM	122017106
CSGP	COSTAR GROUP	22,749	$6.102M	2.9%	$268.23 *	$19.64	+41.3%	COM	22160N109
DLMAF	DOLLARAMA	53,765	$5.869M	2.8%	$109.16 *	$23.96	+36.0%	COM	25675T107
TYL	TYLER TECHNOLOGIES	33,454	$5.832M	2.8%	$174.33	$139.28	+23.4%	COM	902252105
CHTR	CHARTER COMMUNICATIONS, INC	14,265	$5.184M	2.5%	$363.41 *	$214.89	+73.2%	COM	16119P108
ADBE	ADOBE SYSTEMS INC.	33,414	$4.985M	2.4%	$149.19	$149.24	0.0%	COM	00724F101
BIDU	BAIDU ADR REP ONE CL A	16,945	$4.197M	2.0%	$247.68	$196.11	—	COM	056752108
—	SENSATA TECHNOLOGIES	85,164	$4.094M	2.0%	$48.07	$37.15	—	COM	N7902X106
JNJ	JOHNSON & JOHNSON	4,246	$552K	0.3%	$130.00 *	$63.16	+66.2%	COM	478160104
BABA	ALIBABA	2,226	$384K	0.2%	$172.51	$172.51	—	COM	01609W102
BRK/A	BERKSHIRE HATHAWAY INC CL A	1	$275K	0.1%	$275000.00 *	$199512.94	+33.0%	COM	084670108
—	SOCIAL CAPITAL HEDOSOPHIA	18,000	$190K	0.1%	$10.56	$10.56	—	COM	G8250R111