Night Owl Capital Management, LLC Long-Term Concentrated

Location: Greenwich, CT

CIK: 0001410833 · Show all filings

Period: Q1 2018 (← Previous) (Next →)

Filing Date: May 15, 2018

Total Value: $239M (100.0% shares, 0.0% debt)

Holdings (27)

MA MASTERCARD 11.8%

Value $28.25M Shares 161,312 Share Price $175.16 * Est. Cost/Share $70.71 Unrealized @ Report Date +131.5%

Value $26.68M Shares 223,067 Share Price $119.62 * Est. Cost/Share $55.91 Unrealized @ Report Date +105.3%

AMZN AMAZON.COM 9.2%

Value $22.03M Shares 15,218 Share Price $1447.36 * Est. Cost/Share $30.18 Unrealized @ Report Date +137.0%

GOOG ALPHABET INC. CL C 7.9%

Value $18.76M Shares 18,186 Share Price $1031.78 * Est. Cost/Share $30.50 Unrealized @ Report Date +79.6%

MSFT MICROSOFT CORP 6.6%

Value $15.82M Shares 173,298 Share Price $91.27 * Est. Cost/Share $36.27 Unrealized @ Report Date +132.4%

BKNG BOOKING HOLDINGS 6.0%

Value $14.25M Shares 6,851 Share Price $2080.43 * Est. Cost/Share $1933.58 Unrealized @ Report Date 0.0%

Value $11.79M Shares 84,005 Share Price $140.32 Est. Cost/Share $68.18 Unrealized @ Report Date —

META FACEBOOK 4.2%

Value $9.963M Shares 62,349 Share Price $159.79 * Est. Cost/Share $101.44 Unrealized @ Report Date +75.8%

SHOP SHOPIFY 4.0%

Value $9.663M Shares 77,559 Share Price $124.59 * Est. Cost/Share $8.77 Unrealized @ Report Date +47.6%

BLKB BLACKBAUD INC 3.6%

Value $8.521M Shares 83,700 Share Price $101.80 * Est. Cost/Share $65.32 Unrealized @ Report Date +50.8%

CSGP COSTAR GROUP 3.5%

Value $8.314M Shares 22,924 Share Price $362.68 * Est. Cost/Share $19.64 Unrealized @ Report Date +75.5%

— FIRST DATA CORP 3.2%

Value $7.667M Shares 479,174 Share Price $16.00 Est. Cost/Share $16.19 Unrealized @ Report Date —

NOW SERVICENOW, INC. 3.1%

Value $7.465M Shares 45,120 Share Price $165.45 * Est. Cost/Share $25.22 Unrealized @ Report Date +22.4%

PYPL PAYPAL HOLDINGS 3.1%

Value $7.447M Shares 98,160 Share Price $75.87 * Est. Cost/Share $79.13 Unrealized @ Report Date 0.0%

ADBE ADOBE SYSTEMS INC. 3.1%

Value $7.369M Shares 34,104 Share Price $216.07 * Est. Cost/Share $149.64 Unrealized @ Report Date +35.9%

TYL TYLER TECHNOLOGIES 3.0%

Value $7.059M Shares 33,461 Share Price $210.96 * Est. Cost/Share $139.28 Unrealized @ Report Date +43.6%

BURL BURLINGTON STORES INC 2.8%

Value $6.627M Shares 49,771 Share Price $133.15 * Est. Cost/Share $77.34 Unrealized @ Report Date +59.7%

DLMAF DOLLARAMA 2.4%

Value $5.656M Shares 46,568 Share Price $121.46 * Est. Cost/Share $23.96 Unrealized @ Report Date +67.2%

SBUX STARBUCKS 2.2%

Value $5.217M Shares 90,123 Share Price $57.89 * Est. Cost/Share $33.09 Unrealized @ Report Date +47.2%

GWRE GUIDEWIRE SOFTWARE 1.7%

Value $4.053M Shares 50,144 Share Price $80.83 Est. Cost/Share $80.47 Unrealized @ Report Date 0.0%

ST SENSATA TECHNOLOGIES 1.0%

Value $2.501M Shares 48,250 Share Price $51.83 * Est. Cost/Share $53.31 Unrealized @ Report Date 0.0%

W WAYFAIR INC. 1.0%

Value $2.293M Shares 33,961 Share Price $67.52 * Est. Cost/Share $39.52 Unrealized @ Report Date +112.5%

BABA ALIBABA 0.2%

Value $409K Shares 2,226 Share Price $183.74 Est. Cost/Share $172.51 Unrealized @ Report Date —

JNJ JOHNSON & JOHNSON 0.2%

Value $409K Shares 3,191 Share Price $128.17 * Est. Cost/Share $63.16 Unrealized @ Report Date +71.6%

BRK/A BERKSHIRE HATHAWAY INC CL A 0.1%

Value $299K Shares 1 Share Price $299000.00 * Est. Cost/Share $199512.94 Unrealized @ Report Date +54.5%

SPY SPDR TR UNIT SER 1 0.1%

Value $261K Shares 991 Share Price $263.37 Est. Cost/Share $263.37 Unrealized @ Report Date —

— 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
MA	MASTERCARD	161,312	$28.25M	11.8%	$175.16 *	$70.71	+131.5%	COM	57636Q104
V	VISA	223,067	$26.68M	11.2%	$119.62 *	$55.91	+105.3%	COM	92826C839
AMZN	AMAZON.COM	15,218	$22.03M	9.2%	$1447.36 *	$30.18	+137.0%	COM	023135106
GOOG	ALPHABET INC. CL C	18,186	$18.76M	7.9%	$1031.78 *	$30.50	+79.6%	COM	02079K107
MSFT	MICROSOFT CORP	173,298	$15.82M	6.6%	$91.27 *	$36.27	+132.4%	COM	594918104
BKNG	BOOKING HOLDINGS	6,851	$14.25M	6.0%	$2080.43 *	$1933.58	0.0%	COM	09857L108
—	AON	84,005	$11.79M	4.9%	$140.32	$68.18	—	COM	G0408V102
META	FACEBOOK	62,349	$9.963M	4.2%	$159.79 *	$101.44	+75.8%	COM	30303M102
SHOP	SHOPIFY	77,559	$9.663M	4.0%	$124.59 *	$8.77	+47.6%	COM	82509L107
BLKB	BLACKBAUD INC	83,700	$8.521M	3.6%	$101.80 *	$65.32	+50.8%	COM	09227Q100
CSGP	COSTAR GROUP	22,924	$8.314M	3.5%	$362.68 *	$19.64	+75.5%	COM	22160N109
—	FIRST DATA CORP	479,174	$7.667M	3.2%	$16.00	$16.19	—	COM	32008D106
NOW	SERVICENOW, INC.	45,120	$7.465M	3.1%	$165.45 *	$25.22	+22.4%	COM	81762P102
PYPL	PAYPAL HOLDINGS	98,160	$7.447M	3.1%	$75.87 *	$79.13	0.0%	COM	70450Y103
ADBE	ADOBE SYSTEMS INC.	34,104	$7.369M	3.1%	$216.07 *	$149.64	+35.9%	COM	00724F101
TYL	TYLER TECHNOLOGIES	33,461	$7.059M	3.0%	$210.96 *	$139.28	+43.6%	COM	902252105
BURL	BURLINGTON STORES INC	49,771	$6.627M	2.8%	$133.15 *	$77.34	+59.7%	COM	122017106
DLMAF	DOLLARAMA	46,568	$5.656M	2.4%	$121.46 *	$23.96	+67.2%	COM	25675T107
SBUX	STARBUCKS	90,123	$5.217M	2.2%	$57.89 *	$33.09	+47.2%	COM	855244109
GWRE	GUIDEWIRE SOFTWARE	50,144	$4.053M	1.7%	$80.83	$80.47	0.0%	COM	40171V100
ST	SENSATA TECHNOLOGIES	48,250	$2.501M	1.0%	$51.83 *	$53.31	0.0%	COM	G8060N102
W	WAYFAIR INC.	33,961	$2.293M	1.0%	$67.52 *	$39.52	+112.5%	COM	94419L101
BABA	ALIBABA	2,226	$409K	0.2%	$183.74	$172.51	—	SPONSORED ADS	01609W102
JNJ	JOHNSON & JOHNSON	3,191	$409K	0.2%	$128.17 *	$63.16	+71.6%	COM	478160104
BRK/A	BERKSHIRE HATHAWAY INC CL A	1	$299K	0.1%	$299000.00 *	$199512.94	+54.5%	COM	084670108
SPY	SPDR TR UNIT SER 1	991	$261K	0.1%	$263.37	$263.37	—	TR UNIT	78462F103
—	SOCIAL CAPITAL HEDOSOPHIA	18,000	$190K	0.1%	$10.56	$10.56	—	COM	G8250R111