Night Owl Capital Management, LLC Long-Term Concentrated

Location: Greenwich, CT

CIK: 0001410833 · Show all filings

Period: Q3 2018 (← Previous) (Next →)

Filing Date: Nov 15, 2018

Total Value: $282M (100.0% shares, 0.0% debt)

Holdings (29)

MA MASTERCARD 12.3%

Value $34.59M Shares 155,386 Share Price $222.61 * Est. Cost/Share $70.71 Unrealized @ Report Date +183.3%

Value $32.38M Shares 215,726 Share Price $150.09 * Est. Cost/Share $55.91 Unrealized @ Report Date +141.6%

AMZN AMAZON.COM 10.7%

Value $30.05M Shares 15,004 Share Price $2003.00 * Est. Cost/Share $30.18 Unrealized @ Report Date +211.6%

GOOG ALPHABET INC. CL C 7.6%

Value $21.53M Shares 18,041 Share Price $1193.45 * Est. Cost/Share $30.50 Unrealized @ Report Date +94.9%

MSFT MICROSOFT CORP 7.0%

Value $19.84M Shares 173,460 Share Price $114.37 * Est. Cost/Share $36.27 Unrealized @ Report Date +177.9%

Value $12.93M Shares 84,057 Share Price $153.78 Est. Cost/Share $68.18 Unrealized @ Report Date —

SHOP SHOPIFY 4.5%

Value $12.76M Shares 77,561 Share Price $164.46 * Est. Cost/Share $8.77 Unrealized @ Report Date +73.7%

META FACEBOOK 4.4%

Value $12.48M Shares 75,874 Share Price $164.46 * Est. Cost/Share $115.47 Unrealized @ Report Date +55.7%

— FIRST DATA CORP 4.1%

Value $11.65M Shares 476,130 Share Price $24.47 Est. Cost/Share $16.19 Unrealized @ Report Date —

CSGP COSTAR GROUP 3.4%

Value $9.667M Shares 22,970 Share Price $420.85 * Est. Cost/Share $19.64 Unrealized @ Report Date +117.6%

ADBE ADOBE SYSTEMS INC. 3.3%

Value $9.316M Shares 34,511 Share Price $269.94 * Est. Cost/Share $149.64 Unrealized @ Report Date +72.3%

NOW SERVICENOW, INC. 3.2%

Value $8.936M Shares 45,676 Share Price $195.64 * Est. Cost/Share $25.22 Unrealized @ Report Date +50.0%

PYPL PAYPAL HOLDINGS 3.1%

Value $8.762M Shares 99,755 Share Price $87.84 Est. Cost/Share $79.24 Unrealized @ Report Date +10.9%

TYL TYLER TECHNOLOGIES 2.9%

Value $8.134M Shares 33,192 Share Price $245.06 * Est. Cost/Share $139.28 Unrealized @ Report Date +70.8%

BLKB BLACKBAUD INC 2.9%

Value $8.112M Shares 79,939 Share Price $101.48 Est. Cost/Share $65.32 Unrealized @ Report Date +58.3%

BKNG BOOKING HOLDINGS 2.3%

Value $6.533M Shares 3,293 Share Price $1983.91 * Est. Cost/Share $1933.58 Unrealized @ Report Date +0.2%

— TENCENT 2.2%

Value $6.331M Shares 153,280 Share Price $41.30 Est. Cost/Share $50.10 Unrealized @ Report Date —

OKTA OKTA INC 2.2%

Value $6.18M Shares 87,835 Share Price $70.36 * Est. Cost/Share $47.84 Unrealized @ Report Date +24.5%

WDAY WORKDAY 1.9%

Value $5.438M Shares 37,252 Share Price $145.98 * Est. Cost/Share $128.28 Unrealized @ Report Date +8.3%

GWRE GUIDEWIRE SOFTWARE 1.8%

Value $5.192M Shares 51,396 Share Price $101.02 * Est. Cost/Share $80.77 Unrealized @ Report Date +19.0%

W WAYFAIR INC. 1.7%

Value $4.802M Shares 32,517 Share Price $147.68 * Est. Cost/Share $39.52 Unrealized @ Report Date +221.9%

DLMAF DOLLARAMA 1.5%

Value $4.282M Shares 136,014 Share Price $31.48 * Est. Cost/Share $33.57 Unrealized @ Report Date +5.3%

SPY SPDR TR UNIT SER 1 0.2%

Value $427K Shares 1,468 Share Price $290.87 Est. Cost/Share $272.62 Unrealized @ Report Date —

JNJ JOHNSON & JOHNSON 0.1%

Value $405K Shares 2,930 Share Price $138.23 * Est. Cost/Share $63.16 Unrealized @ Report Date +71.1%

BABA ALIBABA 0.1%

Value $367K Shares 2,226 Share Price $164.87 Est. Cost/Share $172.51 Unrealized @ Report Date —

BRK/A BERKSHIRE HATHAWAY INC CL A 0.1%

Value $320K Shares 1 Share Price $320000.00 * Est. Cost/Share $199512.94 Unrealized @ Report Date +55.2%

AAPL APPLE INC. 0.1%

Value $248K Shares 1,100 Share Price $225.45 * Est. Cost/Share $49.27 Unrealized @ Report Date 0.0%

BRK/B BERKSHIRE HATHAWAY INC CL B 0.1%

Value $214K Shares 1,000 Share Price $214.00 * Est. Cost/Share $205.18 Unrealized @ Report Date 0.0%

— SOCIAL CAPITAL HEDOSOPHIA 0.1%

Value $184K Shares 18,000 Share Price $10.22 Est. Cost/Share $10.56 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MA	MASTERCARD	155,386	$34.59M	12.3%	$222.61 *	$70.71	+183.3%	COM	57636Q104
V	VISA	215,726	$32.38M	11.5%	$150.09 *	$55.91	+141.6%	COM	92826C839
AMZN	AMAZON.COM	15,004	$30.05M	10.7%	$2003.00 *	$30.18	+211.6%	COM	023135106
GOOG	ALPHABET INC. CL C	18,041	$21.53M	7.6%	$1193.45 *	$30.50	+94.9%	COM	02079K107
MSFT	MICROSOFT CORP	173,460	$19.84M	7.0%	$114.37 *	$36.27	+177.9%	COM	594918104
—	AON	84,057	$12.93M	4.6%	$153.78	$68.18	—	COM	G0408V102
SHOP	SHOPIFY	77,561	$12.76M	4.5%	$164.46 *	$8.77	+73.7%	COM	82509L107
META	FACEBOOK	75,874	$12.48M	4.4%	$164.46 *	$115.47	+55.7%	COM	30303M102
—	FIRST DATA CORP	476,130	$11.65M	4.1%	$24.47	$16.19	—	COM	32008D106
CSGP	COSTAR GROUP	22,970	$9.667M	3.4%	$420.85 *	$19.64	+117.6%	COM	22160N109
ADBE	ADOBE SYSTEMS INC.	34,511	$9.316M	3.3%	$269.94 *	$149.64	+72.3%	COM	00724F101
NOW	SERVICENOW, INC.	45,676	$8.936M	3.2%	$195.64 *	$25.22	+50.0%	COM	81762P102
PYPL	PAYPAL HOLDINGS	99,755	$8.762M	3.1%	$87.84	$79.24	+10.9%	COM	70450Y103
TYL	TYLER TECHNOLOGIES	33,192	$8.134M	2.9%	$245.06 *	$139.28	+70.8%	COM	902252105
BLKB	BLACKBAUD INC	79,939	$8.112M	2.9%	$101.48	$65.32	+58.3%	COM	09227Q100
BKNG	BOOKING HOLDINGS	3,293	$6.533M	2.3%	$1983.91 *	$1933.58	+0.2%	COM	09857L108
—	TENCENT	153,280	$6.331M	2.2%	$41.30	$50.10	—	COM	88032q109
OKTA	OKTA INC	87,835	$6.18M	2.2%	$70.36 *	$47.84	+24.5%	COM	679295105
WDAY	WORKDAY	37,252	$5.438M	1.9%	$145.98 *	$128.28	+8.3%	COM	98138H101
GWRE	GUIDEWIRE SOFTWARE	51,396	$5.192M	1.8%	$101.02 *	$80.77	+19.0%	COM	40171V100
W	WAYFAIR INC.	32,517	$4.802M	1.7%	$147.68 *	$39.52	+221.9%	COM	94419L101
DLMAF	DOLLARAMA	136,014	$4.282M	1.5%	$31.48 *	$33.57	+5.3%	COM	25675T107
SPY	SPDR TR UNIT SER 1	1,468	$427K	0.2%	$290.87	$272.62	—	TR UNIT	78462F103
JNJ	JOHNSON & JOHNSON	2,930	$405K	0.1%	$138.23 *	$63.16	+71.1%	COM	478160104
BABA	ALIBABA	2,226	$367K	0.1%	$164.87	$172.51	—	SPONSORED ADS	01609W102
BRK/A	BERKSHIRE HATHAWAY INC CL A	1	$320K	0.1%	$320000.00 *	$199512.94	+55.2%	COM	084670108
AAPL	APPLE INC.	1,100	$248K	0.1%	$225.45 *	$49.27	0.0%	COM	037833100
BRK/B	BERKSHIRE HATHAWAY INC CL B	1,000	$214K	0.1%	$214.00 *	$205.18	0.0%	COM	084670702
—	SOCIAL CAPITAL HEDOSOPHIA	18,000	$184K	0.1%	$10.22	$10.56	—	COM	G8250R111