Night Owl Capital Management, LLC Long-Term Concentrated

Location: Greenwich, CT

CIK: 0001410833 · Show all filings

Period: Q1 2020 (← Previous) (Next →)

Filing Date: May 15, 2020

Total Value: $299M (100.0% shares, 0.0% debt)

Holdings (27)

AMZN AMAZON.COM 9.2%

Value $27.6M Shares 14,155 Share Price $1949.70 * Est. Cost/Share $31.20 Unrealized @ Report Date +210.2%

MSFT MICROSOFT CORP 9.1%

Value $27.23M Shares 172,644 Share Price $157.71 Est. Cost/Share $38.04 Unrealized @ Report Date +311.0%

SHOP SHOPIFY 8.7%

Value $26.05M Shares 62,490 Share Price $416.93 * Est. Cost/Share $8.77 Unrealized @ Report Date +414.1%

MA MASTERCARD 7.5%

Value $22.36M Shares 92,575 Share Price $241.56 * Est. Cost/Share $70.71 Unrealized @ Report Date +307.1%

Value $21.76M Shares 135,041 Share Price $161.12 * Est. Cost/Share $57.35 Unrealized @ Report Date +215.1%

— AON PLC 6.2%

Value $18.61M Shares 112,787 Share Price $165.04 Est. Cost/Share $165.04 Unrealized @ Report Date —

FISV FISERV 6.1%

Value $18.34M Shares 193,046 Share Price $94.99 * Est. Cost/Share $104.63 Unrealized @ Report Date +6.2%

NOW SERVICENOW, INC. 5.0%

Value $15.05M Shares 52,509 Share Price $286.58 * Est. Cost/Share $28.54 Unrealized @ Report Date +119.1%

RNG RINGCENTRAL INC. 4.7%

Value $14.17M Shares 66,869 Share Price $211.91 * Est. Cost/Share $89.81 Unrealized @ Report Date +129.3%

OKTA OKTA INC 4.2%

Value $12.49M Shares 102,175 Share Price $122.26 * Est. Cost/Share $55.17 Unrealized @ Report Date +127.4%

— ATLASSIAN CORPORATION PLC 3.9%

Value $11.55M Shares 84,117 Share Price $137.26 Est. Cost/Share $112.51 Unrealized @ Report Date —

ADBE ADOBE SYSTEMS INC. 3.7%

Value $11.05M Shares 34,721 Share Price $318.25 * Est. Cost/Share $156.14 Unrealized @ Report Date +119.1%

GOOG ALPHABET INC. CL C 3.6%

Value $10.87M Shares 9,347 Share Price $1162.83 * Est. Cost/Share $30.50 Unrealized @ Report Date +120.8%

— FIDELITY NATL INFORMATION SVCS 3.5%

Value $10.55M Shares 86,712 Share Price $121.64 Est. Cost/Share $121.64 Unrealized @ Report Date —

— SMARTSHEET 3.5%

Value $10.36M Shares 249,544 Share Price $41.51 Est. Cost/Share $45.68 Unrealized @ Report Date —

— ALTERYX INC 3.0%

Value $9.016M Shares 94,731 Share Price $95.17 Est. Cost/Share $96.92 Unrealized @ Report Date —

META FACEBOOK 2.3%

Value $6.876M Shares 41,223 Share Price $166.80 * Est. Cost/Share $115.47 Unrealized @ Report Date +68.4%

WDAY WORKDAY 2.2%

Value $6.665M Shares 51,179 Share Price $130.23 * Est. Cost/Share $151.66 Unrealized @ Report Date +11.1%

PYPL PAYPAL HOLDINGS 1.7%

Value $5.047M Shares 52,714 Share Price $95.74 * Est. Cost/Share $79.24 Unrealized @ Report Date +39.0%

CSGP COSTAR GROUP 1.6%

Value $4.83M Shares 8,226 Share Price $587.16 * Est. Cost/Share $20.11 Unrealized @ Report Date +224.1%

IDXX IDEXX LABORATORIES 1.2%

Value $3.734M Shares 15,416 Share Price $242.22 * Est. Cost/Share $260.97 Unrealized @ Report Date 0.0%

TDG TRANSDIGM 1.0%

Value $3.02M Shares 9,432 Share Price $320.19 * Est. Cost/Share $452.74 Unrealized @ Report Date 0.0%

BRK/B BERKSHIRE HATHAWAY INC CL B 0.3%

Value $876K Shares 4,790 Share Price $182.88 * Est. Cost/Share $207.14 Unrealized @ Report Date +2.6%

AAPL APPLE INC. 0.1%

Value $407K Shares 1,601 Share Price $254.22 * Est. Cost/Share $49.13 Unrealized @ Report Date +44.7%

JNJ JOHNSON & JOHNSON 0.1%

Value $319K Shares 2,435 Share Price $131.01 * Est. Cost/Share $67.77 Unrealized @ Report Date +77.3%

BRK/A BERKSHIRE HATHAWAY INC CL A 0.1%

Value $272K Shares 1 Share Price $272000.00 * Est. Cost/Share $275226.66 Unrealized @ Report Date +15.8%

SPY SPDR TR UNIT SER 1 0.1%

Value $231K Shares 898 Share Price $257.24 Est. Cost/Share $285.90 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
AMZN	AMAZON.COM	14,155	$27.6M	9.2%	$1949.70 *	$31.20	+210.2%	COM	023135106
MSFT	MICROSOFT CORP	172,644	$27.23M	9.1%	$157.71	$38.04	+311.0%	COM	594918104
SHOP	SHOPIFY	62,490	$26.05M	8.7%	$416.93 *	$8.77	+414.1%	COM	82509L107
MA	MASTERCARD	92,575	$22.36M	7.5%	$241.56 *	$70.71	+307.1%	COM	57636Q104
V	VISA	135,041	$21.76M	7.3%	$161.12 *	$57.35	+215.1%	COM	92826C839
—	AON PLC	112,787	$18.61M	6.2%	$165.04	$165.04	—	COM	G0403h108
FISV	FISERV	193,046	$18.34M	6.1%	$94.99 *	$104.63	+6.2%	COM	337738108
NOW	SERVICENOW, INC.	52,509	$15.05M	5.0%	$286.58 *	$28.54	+119.1%	COM	81762P102
RNG	RINGCENTRAL INC.	66,869	$14.17M	4.7%	$211.91 *	$89.81	+129.3%	COM	76680R206
OKTA	OKTA INC	102,175	$12.49M	4.2%	$122.26 *	$55.17	+127.4%	COM	679295105
—	ATLASSIAN CORPORATION PLC	84,117	$11.55M	3.9%	$137.26	$112.51	—	COM	G06242104
ADBE	ADOBE SYSTEMS INC.	34,721	$11.05M	3.7%	$318.25 *	$156.14	+119.1%	COM	00724F101
GOOG	ALPHABET INC. CL C	9,347	$10.87M	3.6%	$1162.83 *	$30.50	+120.8%	COM	02079K107
—	FIDELITY NATL INFORMATION SVCS	86,712	$10.55M	3.5%	$121.64	$121.64	—	COM	31620m106
—	SMARTSHEET	249,544	$10.36M	3.5%	$41.51	$45.68	—	COM	83200N103
—	ALTERYX INC	94,731	$9.016M	3.0%	$95.17	$96.92	—	COM	02156B103
META	FACEBOOK	41,223	$6.876M	2.3%	$166.80 *	$115.47	+68.4%	COM	30303M102
WDAY	WORKDAY	51,179	$6.665M	2.2%	$130.23 *	$151.66	+11.1%	COM	98138H101
PYPL	PAYPAL HOLDINGS	52,714	$5.047M	1.7%	$95.74 *	$79.24	+39.0%	COM	70450Y103
CSGP	COSTAR GROUP	8,226	$4.83M	1.6%	$587.16 *	$20.11	+224.1%	COM	22160N109
IDXX	IDEXX LABORATORIES	15,416	$3.734M	1.2%	$242.22 *	$260.97	0.0%	COM	45168D104
TDG	TRANSDIGM	9,432	$3.02M	1.0%	$320.19 *	$452.74	0.0%	COM	893641100
BRK/B	BERKSHIRE HATHAWAY INC CL B	4,790	$876K	0.3%	$182.88 *	$207.14	+2.6%	COM	084670702
AAPL	APPLE INC.	1,601	$407K	0.1%	$254.22 *	$49.13	+44.7%	COM	037833100
JNJ	JOHNSON & JOHNSON	2,435	$319K	0.1%	$131.01 *	$67.77	+77.3%	COM	478160104
BRK/A	BERKSHIRE HATHAWAY INC CL A	1	$272K	0.1%	$272000.00 *	$275226.66	+15.8%	COM	084670108
SPY	SPDR TR UNIT SER 1	898	$231K	0.1%	$257.24	$285.90	—	TR UNIT	78462F103