Night Owl Capital Management, LLC

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Night Owl Capital Management, LLC maintained a portfolio of 31 distinct positions. The most significant new addition to the portfolio was GE HEALTHCARE TECHNO, which now represents 2.49% of the total fund value. They heavily accumulated shares in ALPHABET INC CAP STK, increasing their position by 1.7%. Conversely, Night Owl Capital Management, LLC completely exited their position in VISTRA CORP.
PCA Score Concentration Risk
Risk ENB
Total Positions
31
Quarter
2025 Q4
Top Holding
GOOG (11.2%)
Top 10 Concentration
65.3%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-31 of 31
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
GOOG
ALPHABET INC CA...
Communication Services 11.16% 8.48% #1
Prev: #1
6.5 5,343 1.7%
P
S
324,613 $101,863,666 2009 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MSFT
MICROSOFT CORP ...
Technology 9.11% 8.37% #2
Prev: #2
7.1 23,736 16.0%
P
S
171,942 $83,154,354 2007 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AMZN
AMAZON COM INC ...
Consumer Cyclical 6.65% 6.19% #3 1
Prev: #4
4.2 4,375 1.7%
P
S
262,874 $60,676,577 2015 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SAP
SAP SE SPON ADR
Technology 6.59% 7.14% #4 1
Prev: #3
3.6 2,494 1.0%
P
S
247,552 $60,132,856 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
GEV
GE VERNOVA
Industrials 6.48% 5.97% #5
Prev: #5
3.6 1,413 1.6%
P
S
90,403 $59,084,689 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
META
META PLATFORMS ...
Communication Services 5.87% 5.22% #6
Prev: #6
4.8 15,906 24.4%
P
S
81,123 $53,548,481 2014 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TSM
TAIWAN SEMICOND...
Technology 5.32% 4.79% #7 1
Prev: #8
2.6 2,282 1.5%
P
S
159,593 $48,498,723 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GE
GE AEROSPACE
Industrials 5.22% 5.01% #8 1
Prev: #7
2.6 1,713 1.1%
P
S
154,584 $47,616,510 2013 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
UNP
UNION PACIFIC C...
Industrials 4.68% 4.68% #9 1
Prev: #10
2.4 2,975 1.6%
P
S
184,768 $42,740,534 2010 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AON
AON PLC REGISTE...
Financial Services 4.21% 4.16% #10 1
Prev: #11
2.2 1,751 1.6%
P
S
108,774 $38,384,339 2010 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
WWD
WOODWARD
Industrials 4.12% 3.37% #11 2
Prev: #13
2.1 2,018 1.6%
P
S
124,385 $37,604,073 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
V
VISA INC COM CL...
Financial Services 3.66% 3.49% #12
Prev: #12
2.0 1,402 1.5%
P
S
95,262 $33,409,222 2009 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MA
MASTERCARD INC ...
Financial Services 3.37% 3.29% #13 1
Prev: #14
1.8 784 1.5%
P
S
53,902 $30,771,674 2009 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AVGO
BROADCOM
Technology 2.54% 2.38% #14 4
Prev: #18
1.5 873 1.3%
P
S
66,938 $23,167,242 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
NFLX
NETFLIX INC COM
ETF 2.49% 3.12% #15
Prev: #15
4.0 218,844 916.1%
P
S
242,732 $22,758,552 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GEHC
GE HEALTHCARE T...
Healthcare 2.49% #16
Prev: #—
4.5 276,631 no change
NEW
276,631 $22,689,275 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
LIN
LINDE PLC
Basic Materials 2.41% 2.65% #17 1
Prev: #16
1.5 556 1.1%
P
S
51,644 $22,020,485 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BIL
SPDR BLOOMBERG ...
ETF 2.28% 1.86% #18 4
Prev: #22
3.4 40,767 21.9%
P
S
227,208 $20,762,267 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SPOT
SPOTIFY TECHNOL...
Communication Services 1.96% 2.31% #19 1
Prev: #20
1.3 510 1.7%
P
S
30,862 $17,921,872 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
HWM
HOWMET AEROSPAC...
Industrials 1.84% 1.72% #20 3
Prev: #23
1.2 1,204 1.5%
P
S
81,703 $16,750,749 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CRS
CARPENTER TECHN...
Industrials 1.80% 1.37% #21 3
Prev: #24
1.2 763 1.5%
P
S
52,084 $16,398,127 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GWRE
GUIDEWIRE SOFTW...
Technology 1.78% 1.99% #22 1
Prev: #21
1.2 1,324 1.7%
P
S
80,920 $16,265,729 2018 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CEG
CONSTELLATION E...
Utilities 1.40% 2.36% #23 4
Prev: #19
0.6 -29,563 -44.9%
P
S
36,212 $12,792,613 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MELI
MERCADOLIBRE
Consumer Cyclical 0.87% 0.99% #24 2
Prev: #26
0.8 64 1.6%
P
S
3,951 $7,958,341 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CSGP
COSTAR GROUP IN...
Real Estate 0.80% 0.99% #25
Prev: #25
0.8 904 0.8%
P
S
108,615 $7,303,253 2016 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SGOV
ISHARES 0-3 MON...
ETF 0.64% 0.66% #26 1
Prev: #27
0.8 -1,817 -3.0%
P
S
58,124 $5,834,487 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOGL
ALPHABET INC. C...
Communication Services 0.12% 0.09% #27 1
Prev: #28
1.0 no change no change
P
S
3,400 $1,064,200 2019 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BRK/A
BERKSHIRE HATHA...
Financial Services 0.08% 0.08% #28 1
Prev: #29
1.0 no change no change
P
S
1 $754,800 2007 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BRK/B
BERKSHIRE HATHA...
Financial Services 0.06% 0.05% #29 1
Prev: #30
1.0 no change no change
P
S
1,000 $502,650 2013 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
VST
VISTRA CORP
Utilities 0.00% 2.48%
Sold All 😨
(Was: #17)
0.0 -116,161 -100.0%
CLOSED
$— 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
UBER
UBER TECHNOLOGI...
Technology 0.00% 4.72%
Sold All 😨
(Was: #9)
0.0 -441,903 -100.0%
CLOSED
$— 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-31 of 31 holdings

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