Night Owl Capital Management, LLC Long-Term Concentrated

Location: Greenwich, CT

CIK: 0001410833 · Show all filings

Period: Q2 2018 (← Previous) (Next →)

Filing Date: Aug 14, 2018

Total Value: $273M (100.0% shares, 0.0% debt)

Holdings (29)

MA MASTERCARD 11.4%

Value $31.01M Shares 157,818 Share Price $196.52 * Est. Cost/Share $70.71 Unrealized @ Report Date +155.0%

Value $29.05M Shares 219,329 Share Price $132.45 * Est. Cost/Share $55.91 Unrealized @ Report Date +118.3%

AMZN AMAZON.COM 9.5%

Value $25.83M Shares 15,197 Share Price $1699.81 * Est. Cost/Share $30.18 Unrealized @ Report Date +163.0%

GOOG ALPHABET INC. CL C 7.4%

Value $20.25M Shares 18,153 Share Price $1115.63 * Est. Cost/Share $30.50 Unrealized @ Report Date +75.8%

MSFT MICROSOFT CORP 6.3%

Value $17.11M Shares 173,506 Share Price $98.61 * Est. Cost/Share $36.27 Unrealized @ Report Date +147.5%

BKNG BOOKING HOLDINGS 5.1%

Value $13.89M Shares 6,854 Share Price $2027.14 * Est. Cost/Share $1933.58 Unrealized @ Report Date +7.2%

META FACEBOOK 4.4%

Value $12.1M Shares 62,285 Share Price $194.32 * Est. Cost/Share $101.44 Unrealized @ Report Date +76.9%

Value $11.55M Shares 84,232 Share Price $137.17 Est. Cost/Share $68.18 Unrealized @ Report Date —

SHOP SHOPIFY 4.2%

Value $11.35M Shares 77,768 Share Price $145.90 * Est. Cost/Share $8.77 Unrealized @ Report Date +61.4%

— FIRST DATA CORP 3.7%

Value $10.02M Shares 478,553 Share Price $20.93 Est. Cost/Share $16.19 Unrealized @ Report Date —

CSGP COSTAR GROUP 3.5%

Value $9.463M Shares 22,933 Share Price $412.64 * Est. Cost/Share $19.64 Unrealized @ Report Date +96.0%

BLKB BLACKBAUD INC 3.1%

Value $8.411M Shares 82,094 Share Price $102.46 Est. Cost/Share $65.32 Unrealized @ Report Date +56.2%

ADBE ADOBE SYSTEMS INC. 3.1%

Value $8.374M Shares 34,346 Share Price $243.81 * Est. Cost/Share $149.64 Unrealized @ Report Date +58.1%

PYPL PAYPAL HOLDINGS 3.0%

Value $8.201M Shares 98,488 Share Price $83.27 * Est. Cost/Share $79.13 Unrealized @ Report Date +0.5%

NOW SERVICENOW, INC. 2.9%

Value $7.809M Shares 45,277 Share Price $172.47 * Est. Cost/Share $25.22 Unrealized @ Report Date +37.4%

— TENCENT 2.8%

Value $7.613M Shares 151,663 Share Price $50.20 Est. Cost/Share $50.20 Unrealized @ Report Date —

BURL BURLINGTON STORES INC 2.7%

Value $7.471M Shares 49,630 Share Price $150.53 * Est. Cost/Share $77.34 Unrealized @ Report Date +84.0%

TYL TYLER TECHNOLOGIES 2.7%

Value $7.378M Shares 33,220 Share Price $222.10 Est. Cost/Share $139.28 Unrealized @ Report Date +61.5%

DLMAF DOLLARAMA 2.0%

Value $5.457M Shares 140,874 Share Price $38.74 Est. Cost/Share $33.57 Unrealized @ Report Date +14.1%

GWRE GUIDEWIRE SOFTWARE 1.6%

Value $4.474M Shares 50,395 Share Price $88.78 Est. Cost/Share $80.47 Unrealized @ Report Date +10.0%

WDAY WORKDAY 1.6%

Value $4.427M Shares 36,548 Share Price $121.13 * Est. Cost/Share $128.07 Unrealized @ Report Date 0.0%

OKTA OKTA INC 1.6%

Value $4.331M Shares 85,984 Share Price $50.37 * Est. Cost/Share $47.59 Unrealized @ Report Date 0.0%

W WAYFAIR INC. 1.5%

Value $3.983M Shares 33,536 Share Price $118.77 * Est. Cost/Share $39.52 Unrealized @ Report Date +119.6%

ST SENSATA TECHNOLOGIES 0.8%

Value $2.09M Shares 43,916 Share Price $47.59 * Est. Cost/Share $53.31 Unrealized @ Report Date -2.3%

BABA ALIBABA 0.2%

Value $413K Shares 2,226 Share Price $185.53 Est. Cost/Share $172.51 Unrealized @ Report Date —

JNJ JOHNSON & JOHNSON 0.1%

Value $356K Shares 2,930 Share Price $121.50 * Est. Cost/Share $63.16 Unrealized @ Report Date +59.4%

BRK/A BERKSHIRE HATHAWAY INC CL A 0.1%

Value $282K Shares 1 Share Price $282000.00 * Est. Cost/Share $199512.94 Unrealized @ Report Date +46.8%

SPY SPDR TR UNIT SER 1 0.1%

Value $264K Shares 974 Share Price $271.05 Est. Cost/Share $263.37 Unrealized @ Report Date —

— SOCIAL CAPITAL HEDOSOPHIA 0.1%

Value $197K Shares 18,000 Share Price $10.94 Est. Cost/Share $10.56 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MA	MASTERCARD	157,818	$31.01M	11.4%	$196.52 *	$70.71	+155.0%	COM	57636Q104
V	VISA	219,329	$29.05M	10.6%	$132.45 *	$55.91	+118.3%	COM	92826C839
AMZN	AMAZON.COM	15,197	$25.83M	9.5%	$1699.81 *	$30.18	+163.0%	COM	023135106
GOOG	ALPHABET INC. CL C	18,153	$20.25M	7.4%	$1115.63 *	$30.50	+75.8%	COM	02079K107
MSFT	MICROSOFT CORP	173,506	$17.11M	6.3%	$98.61 *	$36.27	+147.5%	COM	594918104
BKNG	BOOKING HOLDINGS	6,854	$13.89M	5.1%	$2027.14 *	$1933.58	+7.2%	COM	09857L108
META	FACEBOOK	62,285	$12.1M	4.4%	$194.32 *	$101.44	+76.9%	COM	30303M102
—	AON	84,232	$11.55M	4.2%	$137.17	$68.18	—	COM	G0408V102
SHOP	SHOPIFY	77,768	$11.35M	4.2%	$145.90 *	$8.77	+61.4%	COM	82509L107
—	FIRST DATA CORP	478,553	$10.02M	3.7%	$20.93	$16.19	—	COM	32008D106
CSGP	COSTAR GROUP	22,933	$9.463M	3.5%	$412.64 *	$19.64	+96.0%	COM	22160N109
BLKB	BLACKBAUD INC	82,094	$8.411M	3.1%	$102.46	$65.32	+56.2%	COM	09227Q100
ADBE	ADOBE SYSTEMS INC.	34,346	$8.374M	3.1%	$243.81 *	$149.64	+58.1%	COM	00724F101
PYPL	PAYPAL HOLDINGS	98,488	$8.201M	3.0%	$83.27 *	$79.13	+0.5%	COM	70450Y103
NOW	SERVICENOW, INC.	45,277	$7.809M	2.9%	$172.47 *	$25.22	+37.4%	COM	81762P102
—	TENCENT	151,663	$7.613M	2.8%	$50.20	$50.20	—	COM	88032q109
BURL	BURLINGTON STORES INC	49,630	$7.471M	2.7%	$150.53 *	$77.34	+84.0%	COM	122017106
TYL	TYLER TECHNOLOGIES	33,220	$7.378M	2.7%	$222.10	$139.28	+61.5%	COM	902252105
DLMAF	DOLLARAMA	140,874	$5.457M	2.0%	$38.74	$33.57	+14.1%	COM	25675T107
GWRE	GUIDEWIRE SOFTWARE	50,395	$4.474M	1.6%	$88.78	$80.47	+10.0%	COM	40171V100
WDAY	WORKDAY	36,548	$4.427M	1.6%	$121.13 *	$128.07	0.0%	COM	98138H101
OKTA	OKTA INC	85,984	$4.331M	1.6%	$50.37 *	$47.59	0.0%	COM	679295105
W	WAYFAIR INC.	33,536	$3.983M	1.5%	$118.77 *	$39.52	+119.6%	COM	94419L101
ST	SENSATA TECHNOLOGIES	43,916	$2.09M	0.8%	$47.59 *	$53.31	-2.3%	COM	G8060N102
BABA	ALIBABA	2,226	$413K	0.2%	$185.53	$172.51	—	SPONSORED ADS	01609W102
JNJ	JOHNSON & JOHNSON	2,930	$356K	0.1%	$121.50 *	$63.16	+59.4%	COM	478160104
BRK/A	BERKSHIRE HATHAWAY INC CL A	1	$282K	0.1%	$282000.00 *	$199512.94	+46.8%	COM	084670108
SPY	SPDR TR UNIT SER 1	974	$264K	0.1%	$271.05	$263.37	—	TR UNIT	78462F103
—	SOCIAL CAPITAL HEDOSOPHIA	18,000	$197K	0.1%	$10.94	$10.56	—	COM	G8250R111