Night Owl Capital Management, LLC Long-Term Concentrated

Location: Greenwich, CT

CIK: 0001410833 · Show all filings

Period: Q3 2019 (← Previous) (Next →)

Filing Date: Nov 14, 2019

Total Value: $315M (100.0% shares, 0.0% debt)

Holdings (28)

MA MASTERCARD 12.6%

Value $39.55M Shares 145,650 Share Price $271.57 * Est. Cost/Share $70.71 Unrealized @ Report Date +276.3%

Value $35.13M Shares 204,253 Share Price $172.01 Est. Cost/Share $57.35 Unrealized @ Report Date +197.0%

AMZN AMAZON.COM 8.4%

Value $26.45M Shares 15,234 Share Price $1735.92 * Est. Cost/Share $31.20 Unrealized @ Report Date +197.2%

MSFT MICROSOFT CORP 7.9%

Value $24.73M Shares 177,901 Share Price $139.03 * Est. Cost/Share $38.04 Unrealized @ Report Date +241.5%

GOOG ALPHABET INC. CL C 6.9%

Value $21.83M Shares 17,905 Share Price $1218.99 * Est. Cost/Share $30.50 Unrealized @ Report Date +92.6%

SHOP SHOPIFY 6.4%

Value $20.26M Shares 65,009 Share Price $311.66 * Est. Cost/Share $8.77 Unrealized @ Report Date +290.5%

Value $15.44M Shares 79,780 Share Price $193.57 Est. Cost/Share $68.18 Unrealized @ Report Date —

FISV FISERV 4.5%

Value $14.3M Shares 138,017 Share Price $103.59 Est. Cost/Share $102.09 Unrealized @ Report Date 0.0%

NOW SERVICENOW, INC. 4.2%

Value $13.29M Shares 52,349 Share Price $253.85 * Est. Cost/Share $28.54 Unrealized @ Report Date +90.5%

META FACEBOOK 4.1%

Value $12.98M Shares 72,897 Share Price $178.07 * Est. Cost/Share $115.47 Unrealized @ Report Date +63.5%

— ALTERYX INC 3.3%

Value $10.54M Shares 98,133 Share Price $107.43 Est. Cost/Share $96.92 Unrealized @ Report Date —

OKTA OKTA INC 3.3%

Value $10.41M Shares 105,725 Share Price $98.46 * Est. Cost/Share $55.17 Unrealized @ Report Date +126.4%

— ATLASSIAN CORPORATION PLC 3.2%

Value $10.21M Shares 81,390 Share Price $125.45 Est. Cost/Share $111.93 Unrealized @ Report Date —

ADBE ADOBE SYSTEMS INC. 3.0%

Value $9.585M Shares 34,697 Share Price $276.25 * Est. Cost/Share $151.35 Unrealized @ Report Date +92.9%

WDAY WORKDAY 3.0%

Value $9.468M Shares 55,709 Share Price $169.95 * Est. Cost/Share $151.66 Unrealized @ Report Date +27.3%

— SMARTSHEET 2.9%

Value $9.277M Shares 257,476 Share Price $36.03 Est. Cost/Share $45.68 Unrealized @ Report Date —

RNG RINGCENTRAL INC. 2.7%

Value $8.408M Shares 66,912 Share Price $125.66 * Est. Cost/Share $89.81 Unrealized @ Report Date +46.0%

PYPL PAYPAL HOLDINGS 1.9%

Value $5.824M Shares 56,217 Share Price $103.60 * Est. Cost/Share $79.24 Unrealized @ Report Date +38.7%

— TENCENT 1.8%

Value $5.817M Shares 138,097 Share Price $42.12 Est. Cost/Share $50.10 Unrealized @ Report Date —

CSGP COSTAR GROUP 1.6%

Value $4.881M Shares 8,228 Share Price $593.22 * Est. Cost/Share $19.64 Unrealized @ Report Date +204.8%

DLMAF DOLLARAMA 0.9%

Value $2.681M Shares 74,849 Share Price $35.82 * Est. Cost/Share $33.57 Unrealized @ Report Date +9.0%

BRK/B BERKSHIRE HATHAWAY INC CL B 0.4%

Value $1.123M Shares 5,400 Share Price $207.96 Est. Cost/Share $207.14 Unrealized @ Report Date -0.5%

AAPL APPLE INC. 0.2%

Value $610K Shares 2,725 Share Price $223.85 * Est. Cost/Share $49.13 Unrealized @ Report Date +2.2%

BABA ALIBABA 0.2%

Value $531K Shares 3,173 Share Price $167.35 Est. Cost/Share $170.97 Unrealized @ Report Date —

SPY SPDR TR UNIT SER 1 0.2%

Value $527K Shares 1,775 Share Price $296.90 Est. Cost/Share $268.82 Unrealized @ Report Date —

JNJ JOHNSON & JOHNSON 0.1%

Value $385K Shares 2,975 Share Price $129.41 * Est. Cost/Share $67.77 Unrealized @ Report Date +62.3%

BRK/A BERKSHIRE HATHAWAY INC CL A 0.1%

Value $312K Shares 1 Share Price $312000.00 Est. Cost/Share $275226.66 Unrealized @ Report Date +12.4%

GOOGL ALPHABET INC. CL A 0.1%

Value $210K Shares 172 Share Price $1220.93 * Est. Cost/Share $58.78 Unrealized @ Report Date 0.0%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MA	MASTERCARD	145,650	$39.55M	12.6%	$271.57 *	$70.71	+276.3%	COM	57636Q104
V	VISA	204,253	$35.13M	11.2%	$172.01	$57.35	+197.0%	COM	92826C839
AMZN	AMAZON.COM	15,234	$26.45M	8.4%	$1735.92 *	$31.20	+197.2%	COM	023135106
MSFT	MICROSOFT CORP	177,901	$24.73M	7.9%	$139.03 *	$38.04	+241.5%	COM	594918104
GOOG	ALPHABET INC. CL C	17,905	$21.83M	6.9%	$1218.99 *	$30.50	+92.6%	COM	02079K107
SHOP	SHOPIFY	65,009	$20.26M	6.4%	$311.66 *	$8.77	+290.5%	COM	82509L107
—	AON	79,780	$15.44M	4.9%	$193.57	$68.18	—	COM	G0408V102
FISV	FISERV	138,017	$14.3M	4.5%	$103.59	$102.09	0.0%	COM	337738108
NOW	SERVICENOW, INC.	52,349	$13.29M	4.2%	$253.85 *	$28.54	+90.5%	COM	81762P102
META	FACEBOOK	72,897	$12.98M	4.1%	$178.07 *	$115.47	+63.5%	COM	30303M102
—	ALTERYX INC	98,133	$10.54M	3.3%	$107.43	$96.92	—	COM	02156B103
OKTA	OKTA INC	105,725	$10.41M	3.3%	$98.46 *	$55.17	+126.4%	COM	679295105
—	ATLASSIAN CORPORATION PLC	81,390	$10.21M	3.2%	$125.45	$111.93	—	COM	G06242104
ADBE	ADOBE SYSTEMS INC.	34,697	$9.585M	3.0%	$276.25 *	$151.35	+92.9%	COM	00724F101
WDAY	WORKDAY	55,709	$9.468M	3.0%	$169.95 *	$151.66	+27.3%	COM	98138H101
—	SMARTSHEET	257,476	$9.277M	2.9%	$36.03	$45.68	—	COM	83200N103
RNG	RINGCENTRAL INC.	66,912	$8.408M	2.7%	$125.66 *	$89.81	+46.0%	COM	76680R206
PYPL	PAYPAL HOLDINGS	56,217	$5.824M	1.9%	$103.60 *	$79.24	+38.7%	COM	70450Y103
—	TENCENT	138,097	$5.817M	1.8%	$42.12	$50.10	—	COM	88032q109
CSGP	COSTAR GROUP	8,228	$4.881M	1.6%	$593.22 *	$19.64	+204.8%	COM	22160N109
DLMAF	DOLLARAMA	74,849	$2.681M	0.9%	$35.82 *	$33.57	+9.0%	COM	25675T107
BRK/B	BERKSHIRE HATHAWAY INC CL B	5,400	$1.123M	0.4%	$207.96	$207.14	-0.5%	COM	084670702
AAPL	APPLE INC.	2,725	$610K	0.2%	$223.85 *	$49.13	+2.2%	COM	037833100
BABA	ALIBABA	3,173	$531K	0.2%	$167.35	$170.97	—	SPONSORED ADS	01609W102
SPY	SPDR TR UNIT SER 1	1,775	$527K	0.2%	$296.90	$268.82	—	TR UNIT	78462F103
JNJ	JOHNSON & JOHNSON	2,975	$385K	0.1%	$129.41 *	$67.77	+62.3%	COM	478160104
BRK/A	BERKSHIRE HATHAWAY INC CL A	1	$312K	0.1%	$312000.00	$275226.66	+12.4%	COM	084670108
GOOGL	ALPHABET INC. CL A	172	$210K	0.1%	$1220.93 *	$58.78	0.0%	COM	02079K305