Night Owl Capital Management, LLC Long-Term Concentrated

Location: Greenwich, CT

CIK: 0001410833 · Show all filings

Period: Q4 2018 (← Previous) (Next →)

Filing Date: Feb 14, 2019

Total Value: $234M (100.0% shares, 0.0% debt)

Holdings (30)

MA MASTERCARD 12.5%

Value $29.19M Shares 154,753 Share Price $188.65 Est. Cost/Share $70.71 Unrealized @ Report Date +170.0%

Value $28.33M Shares 214,736 Share Price $131.94 Est. Cost/Share $55.91 Unrealized @ Report Date +135.0%

AMZN AMAZON.COM 9.7%

Value $22.6M Shares 15,048 Share Price $1501.99 * Est. Cost/Share $30.18 Unrealized @ Report Date +175.5%

GOOG ALPHABET INC. CL C 8.0%

Value $18.75M Shares 18,100 Share Price $1035.64 * Est. Cost/Share $30.50 Unrealized @ Report Date +74.2%

MSFT MICROSOFT CORP 7.5%

Value $17.56M Shares 172,858 Share Price $101.57 Est. Cost/Share $36.27 Unrealized @ Report Date +175.7%

Value $11.68M Shares 80,345 Share Price $145.36 Est. Cost/Share $68.18 Unrealized @ Report Date —

SHOP SHOPIFY 4.6%

Value $10.71M Shares 77,345 Share Price $138.44 * Est. Cost/Share $8.77 Unrealized @ Report Date +60.5%

META FACEBOOK 4.2%

Value $9.789M Shares 74,672 Share Price $131.09 * Est. Cost/Share $115.47 Unrealized @ Report Date +24.6%

NOW SERVICENOW, INC. 3.5%

Value $8.136M Shares 45,694 Share Price $178.05 * Est. Cost/Share $25.22 Unrealized @ Report Date +40.7%

PYPL PAYPAL HOLDINGS 3.4%

Value $7.994M Shares 95,064 Share Price $84.09 Est. Cost/Share $79.24 Unrealized @ Report Date +4.9%

— FIRST DATA CORP 3.4%

Value $7.962M Shares 470,866 Share Price $16.91 Est. Cost/Share $16.19 Unrealized @ Report Date —

ADBE ADOBE SYSTEMS INC. 3.3%

Value $7.812M Shares 34,530 Share Price $226.24 * Est. Cost/Share $149.64 Unrealized @ Report Date +61.3%

TYL TYLER TECHNOLOGIES 2.6%

Value $6.06M Shares 32,612 Share Price $185.82 * Est. Cost/Share $139.28 Unrealized @ Report Date +41.9%

WDAY WORKDAY 2.6%

Value $5.97M Shares 37,385 Share Price $159.69 * Est. Cost/Share $128.28 Unrealized @ Report Date +10.4%

— TENCENT 2.5%

Value $5.748M Shares 143,321 Share Price $40.11 Est. Cost/Share $50.10 Unrealized @ Report Date —

CSGP COSTAR GROUP 2.5%

Value $5.729M Shares 16,982 Share Price $337.36 * Est. Cost/Share $19.64 Unrealized @ Report Date +86.0%

OKTA OKTA INC 2.4%

Value $5.634M Shares 88,300 Share Price $63.81 * Est. Cost/Share $47.84 Unrealized @ Report Date +23.9%

— EVERBRIDGE INC 2.2%

Value $5.076M Shares 89,427 Share Price $56.76 Est. Cost/Share $56.76 Unrealized @ Report Date —

GWRE GUIDEWIRE SOFTWARE 1.7%

Value $3.864M Shares 48,162 Share Price $80.23 * Est. Cost/Share $80.77 Unrealized @ Report Date +7.9%

— ATLASSIAN CORPORATION PLC 1.4%

Value $3.242M Shares 36,431 Share Price $88.99 Est. Cost/Share $88.99 Unrealized @ Report Date —

W WAYFAIR INC. 1.3%

Value $2.929M Shares 32,517 Share Price $90.08 * Est. Cost/Share $39.52 Unrealized @ Report Date +166.2%

DLMAF DOLLARAMA 1.3%

Value $2.925M Shares 123,024 Share Price $23.78 * Est. Cost/Share $33.57 Unrealized @ Report Date -20.9%

RNG RINGCENTRAL INC. 1.2%

Value $2.836M Shares 34,395 Share Price $82.45 * Est. Cost/Share $78.74 Unrealized @ Report Date 0.0%

BRK/A BERKSHIRE HATHAWAY INC CL A 0.4%

Value $918K Shares 3 Share Price $306000.00 * Est. Cost/Share $275226.66 Unrealized @ Report Date +13.8%

BRK/B BERKSHIRE HATHAWAY INC CL B 0.2%

Value $510K Shares 2,500 Share Price $204.00 * Est. Cost/Share $207.39 Unrealized @ Report Date +0.7%

SPY SPDR TR UNIT SER 1 0.2%

Value $460K Shares 1,842 Share Price $249.73 Est. Cost/Share $267.98 Unrealized @ Report Date —

JNJ JOHNSON & JOHNSON 0.2%

Value $378K Shares 2,930 Share Price $129.01 * Est. Cost/Share $63.16 Unrealized @ Report Date +80.7%

AAPL APPLE INC. 0.1%

Value $325K Shares 2,058 Share Price $157.92 * Est. Cost/Share $47.75 Unrealized @ Report Date -3.6%

BABA ALIBABA 0.1%

Value $305K Shares 2,226 Share Price $137.02 Est. Cost/Share $172.51 Unrealized @ Report Date —

— 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	154,753	$29.19M	12.5%	$188.65	$70.71	+170.0%	COM	57636Q104
V	VISA	214,736	$28.33M	12.1%	$131.94	$55.91	+135.0%	COM	92826C839
AMZN	AMAZON.COM	15,048	$22.6M	9.7%	$1501.99 *	$30.18	+175.5%	COM	023135106
GOOG	ALPHABET INC. CL C	18,100	$18.75M	8.0%	$1035.64 *	$30.50	+74.2%	COM	02079K107
MSFT	MICROSOFT CORP	172,858	$17.56M	7.5%	$101.57	$36.27	+175.7%	COM	594918104
—	AON	80,345	$11.68M	5.0%	$145.36	$68.18	—	COM	G0408V102
SHOP	SHOPIFY	77,345	$10.71M	4.6%	$138.44 *	$8.77	+60.5%	COM	82509L107
META	FACEBOOK	74,672	$9.789M	4.2%	$131.09 *	$115.47	+24.6%	COM	30303M102
NOW	SERVICENOW, INC.	45,694	$8.136M	3.5%	$178.05 *	$25.22	+40.7%	COM	81762P102
PYPL	PAYPAL HOLDINGS	95,064	$7.994M	3.4%	$84.09	$79.24	+4.9%	COM	70450Y103
—	FIRST DATA CORP	470,866	$7.962M	3.4%	$16.91	$16.19	—	COM	32008D106
ADBE	ADOBE SYSTEMS INC.	34,530	$7.812M	3.3%	$226.24 *	$149.64	+61.3%	COM	00724F101
TYL	TYLER TECHNOLOGIES	32,612	$6.06M	2.6%	$185.82 *	$139.28	+41.9%	COM	902252105
WDAY	WORKDAY	37,385	$5.97M	2.6%	$159.69 *	$128.28	+10.4%	COM	98138H101
—	TENCENT	143,321	$5.748M	2.5%	$40.11	$50.10	—	COM	88032q109
CSGP	COSTAR GROUP	16,982	$5.729M	2.5%	$337.36 *	$19.64	+86.0%	COM	22160N109
OKTA	OKTA INC	88,300	$5.634M	2.4%	$63.81 *	$47.84	+23.9%	COM	679295105
—	EVERBRIDGE INC	89,427	$5.076M	2.2%	$56.76	$56.76	—	COM	29978A104
GWRE	GUIDEWIRE SOFTWARE	48,162	$3.864M	1.7%	$80.23 *	$80.77	+7.9%	COM	40171V100
—	ATLASSIAN CORPORATION PLC	36,431	$3.242M	1.4%	$88.99	$88.99	—	COM	G06242104
W	WAYFAIR INC.	32,517	$2.929M	1.3%	$90.08 *	$39.52	+166.2%	COM	94419L101
DLMAF	DOLLARAMA	123,024	$2.925M	1.3%	$23.78 *	$33.57	-20.9%	COM	25675T107
RNG	RINGCENTRAL INC.	34,395	$2.836M	1.2%	$82.45 *	$78.74	0.0%	COM	76680R206
BRK/A	BERKSHIRE HATHAWAY INC CL A	3	$918K	0.4%	$306000.00 *	$275226.66	+13.8%	COM	084670108
BRK/B	BERKSHIRE HATHAWAY INC CL B	2,500	$510K	0.2%	$204.00 *	$207.39	+0.7%	COM	084670702
SPY	SPDR TR UNIT SER 1	1,842	$460K	0.2%	$249.73	$267.98	—	TR UNIT	78462F103
JNJ	JOHNSON & JOHNSON	2,930	$378K	0.2%	$129.01 *	$63.16	+80.7%	COM	478160104
AAPL	APPLE INC.	2,058	$325K	0.1%	$157.92 *	$47.75	-3.6%	COM	037833100
BABA	ALIBABA	2,226	$305K	0.1%	$137.02	$172.51	—	SPONSORED ADS	01609W102
—	SOCIAL CAPITAL HEDOSOPHIA	18,000	$184K	0.1%	$10.22	$10.56	—	COM	G8250R111