Night Owl Capital Management, LLC Long-Term Concentrated

Location: Greenwich, CT

CIK: 0001410833 · Show all filings

Period: Q4 2017 (← Previous) (Next →)

Filing Date: Feb 14, 2018

Total Value: $215M (100.0% shares, 0.0% debt)

Holdings (25)

Value $25.48M Shares 223,477 Share Price $114.02 * Est. Cost/Share $55.91 Unrealized @ Report Date +86.7%

MA MASTERCARD 11.4%

Value $24.48M Shares 161,716 Share Price $151.36 * Est. Cost/Share $70.71 Unrealized @ Report Date +101.1%

GOOG ALPHABET INC. CL C 8.8%

Value $18.89M Shares 18,051 Share Price $1046.42 * Est. Cost/Share $30.50 Unrealized @ Report Date +65.6%

AMZN AMAZON.COM 8.3%

Value $17.76M Shares 15,189 Share Price $1169.46 * Est. Cost/Share $30.18 Unrealized @ Report Date +82.3%

MSFT MICROSOFT CORP 6.9%

Value $14.81M Shares 173,195 Share Price $85.54 * Est. Cost/Share $36.27 Unrealized @ Report Date +107.5%

— THE PRICELINE GROUP 5.5%

Value $11.89M Shares 6,841 Share Price $1737.76 Est. Cost/Share $950.75 Unrealized @ Report Date —

Value $11.05M Shares 82,459 Share Price $134.01 Est. Cost/Share $66.83 Unrealized @ Report Date —

META FACEBOOK 4.5%

Value $9.763M Shares 55,326 Share Price $176.46 Est. Cost/Share $91.68 Unrealized @ Report Date +91.4%

W WAYFAIR INC. 3.8%

Value $8.205M Shares 102,213 Share Price $80.27 * Est. Cost/Share $39.52 Unrealized @ Report Date +77.8%

BLKB BLACKBAUD INC 3.7%

Value $7.937M Shares 83,999 Share Price $94.49 Est. Cost/Share $65.32 Unrealized @ Report Date +45.4%

— FIRST DATA CORP 3.7%

Value $7.862M Shares 470,476 Share Price $16.71 Est. Cost/Share $16.19 Unrealized @ Report Date —

SHOP SHOPIFY 3.6%

Value $7.819M Shares 77,420 Share Price $100.99 * Est. Cost/Share $8.77 Unrealized @ Report Date +16.8%

CSGP COSTAR GROUP 3.2%

Value $6.784M Shares 22,845 Share Price $296.96 * Est. Cost/Share $19.64 Unrealized @ Report Date +49.2%

DLMAF DOLLARAMA 3.1%

Value $6.71M Shares 53,533 Share Price $125.34 * Est. Cost/Share $23.96 Unrealized @ Report Date +58.0%

BURL BURLINGTON STORES INC 2.9%

Value $6.169M Shares 50,142 Share Price $123.03 * Est. Cost/Share $77.34 Unrealized @ Report Date +31.6%

ADBE ADOBE SYSTEMS INC. 2.8%

Value $5.959M Shares 34,006 Share Price $175.23 Est. Cost/Share $149.64 Unrealized @ Report Date +15.0%

TYL TYLER TECHNOLOGIES 2.8%

Value $5.913M Shares 33,400 Share Price $177.04 Est. Cost/Share $139.28 Unrealized @ Report Date +27.5%

NOW SERVICENOW, INC. 2.6%

Value $5.532M Shares 42,427 Share Price $130.39 * Est. Cost/Share $24.86 Unrealized @ Report Date 0.0%

SBUX STARBUCKS 2.5%

Value $5.271M Shares 91,786 Share Price $57.43 * Est. Cost/Share $33.09 Unrealized @ Report Date +43.3%

— SENSATA TECHNOLOGIES 1.2%

Value $2.525M Shares 49,399 Share Price $51.11 Est. Cost/Share $37.15 Unrealized @ Report Date —

CHTR CHARTER COMMUNICATIONS, INC 1.2%

Value $2.511M Shares 7,475 Share Price $335.92 Est. Cost/Share $214.89 Unrealized @ Report Date +58.1%

JNJ JOHNSON & JOHNSON 0.2%

Value $446K Shares 3,191 Share Price $139.77 * Est. Cost/Share $63.16 Unrealized @ Report Date +75.7%

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 $298K Shares 1 Share Price $298000.00 * Est. Cost/Share $199512.94 Unrealized @ Report Date +42.7%

— SOCIAL CAPITAL HEDOSOPHIA 0.1%

Value $191K Shares 18,000 Share Price $10.61 Est. Cost/Share $10.56 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
V	VISA	223,477	$25.48M	11.9%	$114.02 *	$55.91	+86.7%	COM	92826C839
MA	MASTERCARD	161,716	$24.48M	11.4%	$151.36 *	$70.71	+101.1%	COM	57636Q104
GOOG	ALPHABET INC. CL C	18,051	$18.89M	8.8%	$1046.42 *	$30.50	+65.6%	COM	02079K107
AMZN	AMAZON.COM	15,189	$17.76M	8.3%	$1169.46 *	$30.18	+82.3%	COM	023135106
MSFT	MICROSOFT CORP	173,195	$14.81M	6.9%	$85.54 *	$36.27	+107.5%	COM	594918104
—	THE PRICELINE GROUP	6,841	$11.89M	5.5%	$1737.76	$950.75	—	COM	741503403
—	AON	82,459	$11.05M	5.1%	$134.01	$66.83	—	COM	G0408V102
META	FACEBOOK	55,326	$9.763M	4.5%	$176.46	$91.68	+91.4%	COM	30303M102
W	WAYFAIR INC.	102,213	$8.205M	3.8%	$80.27 *	$39.52	+77.8%	COM	94419L101
BLKB	BLACKBAUD INC	83,999	$7.937M	3.7%	$94.49	$65.32	+45.4%	COM	09227Q100
—	FIRST DATA CORP	470,476	$7.862M	3.7%	$16.71	$16.19	—	COM	32008D106
SHOP	SHOPIFY	77,420	$7.819M	3.6%	$100.99 *	$8.77	+16.8%	COM	82509L107
CSGP	COSTAR GROUP	22,845	$6.784M	3.2%	$296.96 *	$19.64	+49.2%	COM	22160N109
DLMAF	DOLLARAMA	53,533	$6.71M	3.1%	$125.34 *	$23.96	+58.0%	COM	25675T107
BURL	BURLINGTON STORES INC	50,142	$6.169M	2.9%	$123.03 *	$77.34	+31.6%	COM	122017106
ADBE	ADOBE SYSTEMS INC.	34,006	$5.959M	2.8%	$175.23	$149.64	+15.0%	COM	00724F101
TYL	TYLER TECHNOLOGIES	33,400	$5.913M	2.8%	$177.04	$139.28	+27.5%	COM	902252105
NOW	SERVICENOW, INC.	42,427	$5.532M	2.6%	$130.39 *	$24.86	0.0%	COM	81762P102
SBUX	STARBUCKS	91,786	$5.271M	2.5%	$57.43 *	$33.09	+43.3%	COM	855244109
—	SENSATA TECHNOLOGIES	49,399	$2.525M	1.2%	$51.11	$37.15	—	COM	N7902X106
CHTR	CHARTER COMMUNICATIONS, INC	7,475	$2.511M	1.2%	$335.92	$214.89	+58.1%	COM	16119P108
JNJ	JOHNSON & JOHNSON	3,191	$446K	0.2%	$139.77 *	$63.16	+75.7%	COM	478160104
BABA	ALIBABA	2,226	$384K	0.2%	$172.51	$172.51	—	COM	01609W102
BRK/A	BERKSHIRE HATHAWAY INC CL A	1	$298K	0.1%	$298000.00 *	$199512.94	+42.7%	COM	084670108
—	SOCIAL CAPITAL HEDOSOPHIA	18,000	$191K	0.1%	$10.61	$10.56	—	COM	G8250R111