2026 Q1 Portfolio Activity
In 2026 Q1, Night Owl Capital Management, LLC maintained a portfolio of 30 distinct positions. The most significant new addition was APPLIED MATERIALS INC, now representing 1.14% of the total fund value. They heavily accumulated shares in SPDR BLOOMBERG 1-3 MONTH T-BIL, increasing the position by 12.4%. The fund also reduced its exposure to GE VERNOVA by 28.7%.
Position History
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Total Positions
30
Quarter
2026 Q1
Top Holding
GOOG (10.9%)
Top 10 Concentration
63.7%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-30 of 30
Night Owl Capital Management, LLC Full Holdings List — 2026 Q1
| 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 | 10.92% | 11.16% |
#1
Prev: #1
|
6.5 |
—
|
2,137 | 0.7% |
P
S
|
326,750 | $93,731,603 | 2009 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
MSFT
MICROSOFT CORP ...
|
Technology | 7.47% | 9.11% |
#2
Prev: #2
|
5.0 |
—
|
1,139 | 0.7% |
P
S
|
173,081 | $64,069,213 | 2007 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
GEV
GE VERNOVA
|
Industrials | 6.56% | 6.48% |
#3
2
Prev: #5
|
3.6 |
—
|
-25,957 | -28.7% |
P
S
|
64,446 | $56,254,913 | 2024 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
AMZN
AMAZON COM INC ...
|
Consumer Cyclical | 6.42% | 6.65% |
#4
1
Prev: #3
|
3.6 |
—
|
1,773 | 0.7% |
P
S
|
264,647 | $55,118,031 | 2015 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
TSM
TAIWAN SEMICOND...
|
Technology | 6.33% | 5.32% |
#5
2
Prev: #7
|
3.5 |
—
|
1,008 | 0.6% |
P
S
|
160,601 | $54,275,115 | 2023 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
META
META PLATFORMS ...
|
Communication Services | 5.45% | 5.87% |
#6
Prev: #6
|
2.7 |
—
|
572 | 0.7% |
P
S
|
81,695 | $46,740,160 | 2014 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
UNP
UNION PACIFIC C...
|
Industrials | 5.26% | 4.68% |
#7
2
Prev: #9
|
2.6 |
—
|
1,213 | 0.7% |
P
S
|
185,981 | $45,122,710 | 2010 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
WWD
WOODWARD
|
Industrials | 5.22% | 4.12% |
#8
3
Prev: #11
|
2.6 |
—
|
843 | 0.7% |
P
S
|
125,228 | $44,821,606 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
GE
GE AEROSPACE
|
Industrials | 5.14% | 5.22% |
#9
1
Prev: #8
|
2.6 |
—
|
966 | 0.6% |
P
S
|
155,550 | $44,140,423 | 2013 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
SAP
SAP SE SPON ADR
|
Technology | 4.97% | 6.59% |
#10
6
Prev: #4
|
2.5 |
—
|
1,465 | 0.6% |
P
S
|
249,017 | $42,634,201 | 2023 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
AON
AON PLC REGISTE...
|
Financial Services | 4.12% | 4.21% |
#11
1
Prev: #10
|
2.1 |
—
|
714 | 0.7% |
P
S
|
109,488 | $35,340,692 | 2010 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
V
VISA INC COM CL...
|
Financial Services | 3.37% | 3.66% |
#12
Prev: #12
|
1.8 |
—
|
534 | 0.6% |
P
S
|
95,796 | $28,953,285 | 2009 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
MA
MASTERCARD INC ...
|
Financial Services | 3.16% | 3.37% |
#13
Prev: #13
|
1.8 |
—
|
301 | 0.6% |
P
S
|
54,203 | $27,083,159 | 2009 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
LIN
LINDE PLC
|
Basic Materials | 3.00% | 2.41% |
#14
3
Prev: #17
|
1.7 |
—
|
322 | 0.6% |
P
S
|
51,966 | $25,762,664 | 2023 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
NFLX
NETFLIX INC COM
|
Communication Services | 2.74% | 2.49% |
#15
Prev: #15
|
1.6 |
—
|
1,602 | 0.7% |
P
S
|
244,334 | $23,492,714 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BIL
SPDR BLOOMBERG ...
|
ETF | 2.73% | 2.28% |
#16
2
Prev: #18
|
3.1 |
—
|
28,233 | 12.4% |
P
S
|
255,441 | $23,408,613 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
AVGO
BROADCOM
|
Technology | 2.43% | 2.54% |
#17
3
Prev: #14
|
1.5 |
—
|
463 | 0.7% |
P
S
|
67,401 | $20,861,284 | 2024 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CRS
CARPENTER TECHN...
|
Industrials | 2.41% | 1.80% |
#18
3
Prev: #21
|
1.5 |
—
|
333 | 0.6% |
P
S
|
52,417 | $20,660,161 | 2024 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
GEHC
GE HEALTHCARE T...
|
Healthcare | 2.31% | 2.49% |
#19
3
Prev: #16
|
1.4 |
—
|
1,927 | 0.7% |
P
S
|
278,558 | $19,827,758 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
HWM
HOWMET AEROSPAC...
|
Industrials | 2.21% | 1.84% |
#20
Prev: #20
|
1.4 |
—
|
523 | 0.6% |
P
S
|
82,226 | $18,949,804 | 2024 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
SPOT
SPOTIFY TECHNOL...
|
Communication Services | 1.76% | 1.96% |
#21
2
Prev: #19
|
1.2 |
—
|
202 | 0.7% |
P
S
|
31,064 | $15,063,244 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
GWRE
GUIDEWIRE SOFTW...
|
Technology | 1.42% | 1.78% |
#22
Prev: #22
|
1.1 |
—
|
528 | 0.7% |
P
S
|
81,448 | $12,181,363 | 2018 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CEG
CONSTELLATION E...
|
Utilities | 1.19% | 1.40% |
#23
Prev: #23
|
1.0 |
—
|
261 | 0.7% |
P
S
|
36,473 | $10,185,085 | 2024 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
AMAT
APPLIED MATERIA...
|
Technology | 1.14% | — |
#24
Prev: #—
|
4.0 |
—
|
28,525 | — |
NEW
|
28,525 | $9,749,560 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
MELI
MERCADOLIBRE
|
Consumer Cyclical | 0.80% | 0.87% |
#25
1
Prev: #24
|
0.8 |
—
|
30 | 0.8% |
P
S
|
3,981 | $6,883,229 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
SGOV
ISHARES 0-3 MON...
|
ETF | 0.72% | 0.64% |
#26
Prev: #26
|
0.8 |
—
|
2,902 | 5.0% |
P
S
|
61,026 | $6,142,877 | 2024 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CSGP
COSTAR GROUP IN...
|
Real Estate | 0.51% | 0.80% |
#27
2
Prev: #25
|
0.7 |
—
|
629 | 0.6% |
P
S
|
109,244 | $4,406,891 | 2016 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
GOOGL
ALPHABET INC. C...
|
Communication Services | 0.11% | 0.12% |
#28
1
Prev: #27
|
1.0 |
—
|
no change | no change |
P
S
|
3,400 | $977,704 | 2019 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BRK/A
BERKSHIRE HATHA...
|
Financial Services | 0.08% | 0.08% |
#29
1
Prev: #28
|
1.0 |
—
|
no change | no change |
P
S
|
1 | $718,140 | 2007 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BRK/B
BERKSHIRE HATHA...
|
Financial Services | 0.06% | 0.06% |
#30
1
Prev: #29
|
1.0 |
—
|
no change | no change |
P
S
|
1,000 | $479,200 | 2013 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 |
Showing 1-30 of 30 holdings