Night Owl Capital Management, LLC Long-Term Concentrated

Location: Greenwich, CT

CIK: 0001410833 · Show all filings

Period: Q1 2025 (← Previous) (Next →)

Filing Date: May 15, 2025

Total Value: $800M (100.0% shares, 0.0% debt)

Holdings (28)

SAP SAP SE SPON ADR 7.9%

Value $63.31M Shares 235,848 Share Price $268.44 Est. Cost/Share $145.93 Unrealized @ Report Date —

AON AON PLC REGISTERED SHS CL A 7.9%

Value $63.28M Shares 158,553 Share Price $399.09 * Est. Cost/Share $299.72 Unrealized @ Report Date +27.3%

FISV FISERV 7.8%

Value $62.08M Shares 281,106 Share Price $220.83 Est. Cost/Share $128.82 Unrealized @ Report Date +69.9%

AMZN AMAZON COM INC COM 7.6%

Value $60.57M Shares 318,336 Share Price $190.26 * Est. Cost/Share $126.70 Unrealized @ Report Date +71.3%

GOOG ALPHABET INC CAP STK CL C 7.0%

Value $55.82M Shares 357,293 Share Price $156.23 * Est. Cost/Share $115.47 Unrealized @ Report Date +58.0%

MSFT MICROSOFT CORP COM 6.2%

Value $49.3M Shares 131,323 Share Price $375.39 * Est. Cost/Share $108.53 Unrealized @ Report Date +273.2%

UNH UNITEDHEALTH GROUP INC COM 5.5%

Value $43.99M Shares 83,996 Share Price $523.75 * Est. Cost/Share $479.64 Unrealized @ Report Date +4.1%

GEV GE VERNOVA 4.7%

Value $37.3M Shares 122,181 Share Price $305.28 * Est. Cost/Share $215.07 Unrealized @ Report Date +61.9%

NFLX NETFLIX INC COM 4.2%

Value $33.24M Shares 35,646 Share Price $932.53 * Est. Cost/Share $36.94 Unrealized @ Report Date +157.4%

UNP UNION PACIFIC CORP. 4.1%

Value $32.45M Shares 137,364 Share Price $236.24 Est. Cost/Share $212.66 Unrealized @ Report Date +10.8%

V VISA INC COM CL A 4.0%

Value $31.63M Shares 90,240 Share Price $350.46 * Est. Cost/Share $102.06 Unrealized @ Report Date +229.5%

UBER UBER TECHNOLOGIES 3.9%

Value $30.99M Shares 425,347 Share Price $72.86 Est. Cost/Share $44.11 Unrealized @ Report Date +63.3%

META META PLATFORMS INC CL A 3.8%

Value $30.32M Shares 52,601 Share Price $576.36 * Est. Cost/Share $458.13 Unrealized @ Report Date +40.4%

GE GE AEROSPACE 3.7%

Value $29.46M Shares 147,204 Share Price $200.15 * Est. Cost/Share $124.74 Unrealized @ Report Date +56.9%

MA MASTERCARD INC CL A 3.5%

Value $28M Shares 51,076 Share Price $548.12 Est. Cost/Share $142.09 Unrealized @ Report Date +281.5%

VST VISTRA CORP 3.2%

Value $25.3M Shares 215,467 Share Price $117.44 * Est. Cost/Share $56.73 Unrealized @ Report Date +162.0%

TSM TAIWAN SEMICONDUCTOR MFG CO SP 3.1%

Value $25.08M Shares 151,056 Share Price $166.00 Est. Cost/Share $125.91 Unrealized @ Report Date —

CEG CONSTELLATION ENERGY 3.0%

Value $23.83M Shares 118,209 Share Price $201.63 * Est. Cost/Share $153.92 Unrealized @ Report Date +73.2%

LIN LINDE PLC 2.9%

Value $22.91M Shares 49,195 Share Price $465.64 * Est. Cost/Share $424.68 Unrealized @ Report Date +4.7%

AVGO BROADCOM 1.3%

Value $10.64M Shares 63,527 Share Price $167.43 * Est. Cost/Share $158.54 Unrealized @ Report Date +32.3%

HWM HOWMET AEROSPACE 1.3%

Value $10.04M Shares 77,366 Share Price $129.73 * Est. Cost/Share $109.94 Unrealized @ Report Date +15.3%

CRS CARPENTER TECHNOLOGY 1.1%

Value $8.938M Shares 49,332 Share Price $181.18 * Est. Cost/Share $171.68 Unrealized @ Report Date +11.9%

CSGP COSTAR GROUP INC COM 1.0%

Value $8.227M Shares 103,841 Share Price $79.23 * Est. Cost/Share $80.25 Unrealized @ Report Date -5.2%

BIL SPDR BLOOMBERG 1-3 MONTH T-BIL 1.0%

Value $7.846M Shares 85,539 Share Price $91.73 Est. Cost/Share $91.62 Unrealized @ Report Date —

SGOV ISHARES 0-3 MONTH TREASURY BON 0.4%

Value $3.565M Shares 35,411 Share Price $100.66 Est. Cost/Share $100.62 Unrealized @ Report Date —

BRK/A BERKSHIRE HATHAWAY INC CL A 0.1%

Value $798K Shares 1 Share Price $798442.00 * Est. Cost/Share $275226.66 Unrealized @ Report Date +165.0%

BRK/B BERKSHIRE HATHAWAY INC CL B 0.1%

Value $533K Shares 1,000 Share Price $532.58 * Est. Cost/Share $207.14 Unrealized @ Report Date +134.7%

GOOGL ALPHABET INC. CL A 0.1%

Value $526K Shares 3,400 Share Price $154.64 * Est. Cost/Share $110.35 Unrealized @ Report Date +63.7%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
SAP	SAP SE SPON ADR	235,848	$63.31M	7.9%	$268.44	$145.93	—	COM	803054204
AON	AON PLC REGISTERED SHS CL A	158,553	$63.28M	7.9%	$399.09 *	$299.72	+27.3%	COM	G0403H108
FISV	FISERV	281,106	$62.08M	7.8%	$220.83	$128.82	+69.9%	COM	337738108
AMZN	AMAZON COM INC COM	318,336	$60.57M	7.6%	$190.26 *	$126.70	+71.3%	COM	023135106
GOOG	ALPHABET INC CAP STK CL C	357,293	$55.82M	7.0%	$156.23 *	$115.47	+58.0%	COM	02079K107
MSFT	MICROSOFT CORP COM	131,323	$49.3M	6.2%	$375.39 *	$108.53	+273.2%	COM	594918104
UNH	UNITEDHEALTH GROUP INC COM	83,996	$43.99M	5.5%	$523.75 *	$479.64	+4.1%	COM	91324P102
GEV	GE VERNOVA	122,181	$37.3M	4.7%	$305.28 *	$215.07	+61.9%	COM	36828A101
NFLX	NETFLIX INC COM	35,646	$33.24M	4.2%	$932.53 *	$36.94	+157.4%	COM	64110L106
UNP	UNION PACIFIC CORP.	137,364	$32.45M	4.1%	$236.24	$212.66	+10.8%	COM	907818108
V	VISA INC COM CL A	90,240	$31.63M	4.0%	$350.46 *	$102.06	+229.5%	COM	92826C839
UBER	UBER TECHNOLOGIES	425,347	$30.99M	3.9%	$72.86	$44.11	+63.3%	COM	90353T100
META	META PLATFORMS INC CL A	52,601	$30.32M	3.8%	$576.36 *	$458.13	+40.4%	COM	30303M102
GE	GE AEROSPACE	147,204	$29.46M	3.7%	$200.15 *	$124.74	+56.9%	COM	369604301
MA	MASTERCARD INC CL A	51,076	$28M	3.5%	$548.12	$142.09	+281.5%	COM	57636Q104
VST	VISTRA CORP	215,467	$25.3M	3.2%	$117.44 *	$56.73	+162.0%	COM	92840M102
TSM	TAIWAN SEMICONDUCTOR MFG CO SP	151,056	$25.08M	3.1%	$166.00	$125.91	—	COM	874039100
CEG	CONSTELLATION ENERGY	118,209	$23.83M	3.0%	$201.63 *	$153.92	+73.2%	COM	21037T109
LIN	LINDE PLC	49,195	$22.91M	2.9%	$465.64 *	$424.68	+4.7%	COM	G54950103
AVGO	BROADCOM	63,527	$10.64M	1.3%	$167.43 *	$158.54	+32.3%	COM	11135F101
HWM	HOWMET AEROSPACE	77,366	$10.04M	1.3%	$129.73 *	$109.94	+15.3%	COM	443201108
CRS	CARPENTER TECHNOLOGY	49,332	$8.938M	1.1%	$181.18 *	$171.68	+11.9%	COM	144285103
CSGP	COSTAR GROUP INC COM	103,841	$8.227M	1.0%	$79.23 *	$80.25	-5.2%	COM	22160N109
BIL	SPDR BLOOMBERG 1-3 MONTH T-BIL	85,539	$7.846M	1.0%	$91.73	$91.62	—	TR UNIT	78468R663
SGOV	ISHARES 0-3 MONTH TREASURY BON	35,411	$3.565M	0.4%	$100.66	$100.62	—	TR UNIT	46436E718
BRK/A	BERKSHIRE HATHAWAY INC CL A	1	$798K	0.1%	$798442.00 *	$275226.66	+165.0%	COM	084670108
BRK/B	BERKSHIRE HATHAWAY INC CL B	1,000	$533K	0.1%	$532.58 *	$207.14	+134.7%	COM	084670702
GOOGL	ALPHABET INC. CL A	3,400	$526K	0.1%	$154.64 *	$110.35	+63.7%	COM	02079K305