Night Owl Capital Management, LLC Long-Term Concentrated

CIK: 0001410833 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 14, 2025

Total Value ($000): $917,284 (100.0% shares, 0.0% debt)

Holdings (30)

GOOG ALPHABET INC CAP STK CL C 8.5%

Value ($000) $77,758 Shares 319,270 Est. Cost $115.47 Unrealized +81.8%

MSFT MICROSOFT CORP COM 8.4%

Value ($000) $76,763 Shares 148,206 Est. Cost $143.09 Unrealized +255.5%

SAP SAP SE SPON ADR 7.1%

Value ($000) $65,482 Shares 245,058 Est. Cost $150.57 Unrealized —

AMZN AMAZON COM INC COM 6.2%

Value ($000) $56,759 Shares 258,499 Est. Cost $130.96 Unrealized +72.8%

GEV GE VERNOVA 6.0%

Value ($000) $54,720 Shares 88,990 Est. Cost $215.07 Unrealized +181.5%

META META PLATFORMS INC CL A 5.2%

Value ($000) $47,894 Shares 65,217 Est. Cost $510.01 Unrealized +45.7%

GE GE AEROSPACE 5.0%

Value ($000) $45,987 Shares 152,871 Est. Cost $127.48 Unrealized +113.9%

TSM TAIWAN SEMICONDUCTOR MFG CO SP 4.8%

Value ($000) $43,935 Shares 157,311 Est. Cost $128.97 Unrealized —

UBER UBER TECHNOLOGIES 4.7%

Value ($000) $43,293 Shares 441,903 Est. Cost $45.24 Unrealized +106.7%

UNP UNION PACIFIC CORP. 4.7%

Value ($000) $42,970 Shares 181,793 Est. Cost $218.48 Unrealized +2.1%

AON AON PLC REGISTERED SHS CL A 4.2%

Value ($000) $38,162 Shares 107,023 Est. Cost $299.72 Unrealized +20.6%

V VISA INC COM CL A 3.5%

Value ($000) $32,042 Shares 93,860 Est. Cost $109.40 Unrealized +215.5%

WWD WOODWARD 3.4%

Value ($000) $30,923 Shares 122,367 Est. Cost $219.44 Unrealized +12.9%

MA MASTERCARD INC CL A 3.3%

Value ($000) $30,214 Shares 53,118 Est. Cost $154.66 Unrealized +270.8%

NFLX NETFLIX INC COM 3.1%

Value ($000) $28,640 Shares 23,888 Est. Cost $36.94 Unrealized +230.4%

LIN LINDE PLC 2.6%

Value ($000) $24,267 Shares 51,088 Est. Cost $425.48 Unrealized +10.6%

VST VISTRA CORP 2.5%

Value ($000) $22,758 Shares 116,161 Est. Cost $56.73 Unrealized +248.4%

AVGO BROADCOM 2.4%

Value ($000) $21,796 Shares 66,065 Est. Cost $160.24 Unrealized +90.8%

CEG CONSTELLATION ENERGY 2.4%

Value ($000) $21,645 Shares 65,775 Est. Cost $153.92 Unrealized +109.3%

SPOT SPOTIFY TECHNOLOGY SA 2.3%

Value ($000) $21,186 Shares 30,352 Est. Cost $674.78 Unrealized +3.6%

GWRE GUIDEWIRE SOFTWARE 2.0%

Value ($000) $18,296 Shares 79,596 Est. Cost $214.86 Unrealized +5.8%

BIL SPDR BLOOMBERG 1-3 MONTH T-BIL 1.9%

Value ($000) $17,106 Shares 186,441 Est. Cost $91.69 Unrealized —

HWM HOWMET AEROSPACE 1.7%

Value ($000) $15,796 Shares 80,499 Est. Cost $111.29 Unrealized +63.6%

CRS CARPENTER TECHNOLOGY 1.4%

Value ($000) $12,601 Shares 51,321 Est. Cost $173.08 Unrealized +47.5%

CSGP COSTAR GROUP INC COM 1.0%

Value ($000) $9,088 Shares 107,711 Est. Cost $80.18 Unrealized +10.2%

— MERCADOLIBRE 1.0%

Value ($000) $9,084 Shares 3,887 Est. Cost $2610.85 Unrealized —

SGOV ISHARES 0-3 MONTH TREASURY BON 0.7%

Value ($000) $6,036 Shares 59,941 Est. Cost $100.65 Unrealized —

GOOGL ALPHABET INC. CL A 0.1%

Value ($000) $827 Shares 3,400 Est. Cost $110.35 Unrealized +89.6%

BRK/A BERKSHIRE HATHAWAY INC CL A 0.1%

Value ($000) $754 Shares 1 Est. Cost $275226.66 Unrealized +164.1%

BRK/B BERKSHIRE HATHAWAY INC CL B 0.1%

Value ($000) $503 Shares 1,000 Est. Cost $207.14 Unrealized +133.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	ALPHABET INC CAP STK CL C	319,270	$77,758	8.5%	$115.47	+81.8%	COM	02079K107
MSFT	MICROSOFT CORP COM	148,206	$76,763	8.4%	$143.09	+255.5%	COM	594918104
SAP	SAP SE SPON ADR	245,058	$65,482	7.1%	$150.57	—	COM	803054204
AMZN	AMAZON COM INC COM	258,499	$56,759	6.2%	$130.96	+72.8%	COM	023135106
GEV	GE VERNOVA	88,990	$54,720	6.0%	$215.07	+181.5%	COM	36828A101
META	META PLATFORMS INC CL A	65,217	$47,894	5.2%	$510.01	+45.7%	COM	30303M102
GE	GE AEROSPACE	152,871	$45,987	5.0%	$127.48	+113.9%	COM	369604301
TSM	TAIWAN SEMICONDUCTOR MFG CO SP	157,311	$43,935	4.8%	$128.97	—	COM	874039100
UBER	UBER TECHNOLOGIES	441,903	$43,293	4.7%	$45.24	+106.7%	COM	90353T100
UNP	UNION PACIFIC CORP.	181,793	$42,970	4.7%	$218.48	+2.1%	COM	907818108
AON	AON PLC REGISTERED SHS CL A	107,023	$38,162	4.2%	$299.72	+20.6%	COM	G0403H108
V	VISA INC COM CL A	93,860	$32,042	3.5%	$109.40	+215.5%	COM	92826C839
WWD	WOODWARD	122,367	$30,923	3.4%	$219.44	+12.9%	COM	980745103
MA	MASTERCARD INC CL A	53,118	$30,214	3.3%	$154.66	+270.8%	COM	57636Q104
NFLX	NETFLIX INC COM	23,888	$28,640	3.1%	$36.94	+230.4%	COM	64110L106
LIN	LINDE PLC	51,088	$24,267	2.6%	$425.48	+10.6%	COM	G54950103
VST	VISTRA CORP	116,161	$22,758	2.5%	$56.73	+248.4%	COM	92840M102
AVGO	BROADCOM	66,065	$21,796	2.4%	$160.24	+90.8%	COM	11135F101
CEG	CONSTELLATION ENERGY	65,775	$21,645	2.4%	$153.92	+109.3%	COM	21037T109
SPOT	SPOTIFY TECHNOLOGY SA	30,352	$21,186	2.3%	$674.78	+3.6%	COM	L8681T102
GWRE	GUIDEWIRE SOFTWARE	79,596	$18,296	2.0%	$214.86	+5.8%	COM	40171V100
BIL	SPDR BLOOMBERG 1-3 MONTH T-BIL	186,441	$17,106	1.9%	$91.69	—	TR UNIT	78468R663
HWM	HOWMET AEROSPACE	80,499	$15,796	1.7%	$111.29	+63.6%	COM	443201108
CRS	CARPENTER TECHNOLOGY	51,321	$12,601	1.4%	$173.08	+47.5%	COM	144285103
CSGP	COSTAR GROUP INC COM	107,711	$9,088	1.0%	$80.18	+10.2%	COM	22160N109
—	MERCADOLIBRE	3,887	$9,084	1.0%	$2610.85	—	COM	58733r102
SGOV	ISHARES 0-3 MONTH TREASURY BON	59,941	$6,036	0.7%	$100.65	—	TR UNIT	46436E718
GOOGL	ALPHABET INC. CL A	3,400	$827	0.1%	$110.35	+89.6%	COM	02079K305
BRK/A	BERKSHIRE HATHAWAY INC CL A	1	$754	0.1%	$275226.66	+164.1%	COM	084670108
BRK/B	BERKSHIRE HATHAWAY INC CL B	1,000	$503	0.1%	$207.14	+133.8%	COM	084670702