Night Owl Capital Management, LLC

CIK

1410833

Location

GREENWICH, CT

Portfolio Value

Small $734,034,196

Diversification

Diversified

Filing Date

Global Rank

#2,115 / 8,605 ▼ 31 · as of Mar 2026

Top Industry

Aerospace & Defense 14.7%

3Y Alpha vs SPY

-1.5%

Period ended 3 months ago

Filed May 15, 2026 · 55d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+69.8%

SPY

+76.5%

Annualised alpha

-1.6%

Max drawdown

−19.5%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

26 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

8.7%

−1.9 pts

Top 5

37.7%

−2.8 pts

Top 10

66.6%

−1.3 pts

HHI

548

Diversified−29

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Industrials	31.3%	$229,949,614	6
Technology	27.8%	$203,770,904	6
Financial Services	12.5%	$91,856,189	4
Communication Services	11.8%	$86,273,822	4
Consumer Cyclical	8.4%	$62,001,258	2
Basic Materials	3.5%	$25,762,664	1
Healthcare	2.7%	$19,827,758	1
Utilities	1.4%	$10,185,085	1
Real Estate	0.6%	$4,406,902	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

22 positions

Ticker	Company	Δ Shares	Shares	Value
GEHC	GE HealthCare Technologies Inc.	+1,927	278,558	$19,827,758
AMZN	Amazon Com Inc	+1,773	264,647	$55,118,030
NFLX	Netflix Inc	+1,602	244,334	$23,492,714
SAP	Sap SE	+1,465	249,017	$42,634,200
UNP	Union Pacific Corp	+1,213	185,981	$45,122,710
MSFT	Microsoft Corp	+1,139	173,081	$64,069,393
TSM	Taiwan Semiconductor Manufacturing Co Ltd	+1,008	160,601	$54,275,107
GE	General Electric Co	+966	155,550	$44,140,423
WWD	Woodward, Inc.	+843	125,228	$44,821,605
AON	Aon plc	+714	109,488	$35,340,536
CSGP	Costar Group, Inc.	+629	109,244	$4,406,902
META	Meta Platforms, Inc.	+572	81,695	$46,740,160
V	Visa Inc.	+534	95,796	$28,953,383
GWRE	Guidewire Software, Inc.	+528	81,448	$12,181,362
HWM	Howmet Aerospace Inc.	+523	82,226	$18,949,803
AVGO	Broadcom Inc.	+463	67,401	$20,861,283
CRS	Carpenter Technology Corp	+333	52,417	$20,660,160
LIN	Linde PLC	+322	51,966	$25,762,664
MA	Mastercard Inc	+301	54,203	$27,083,070
CEG	Constellation Energy Corp	+261	36,473	$10,185,085
SPOT	Spotify Technology S.A.	+202	31,064	$15,063,244
MELI	Mercadolibre Inc	+30	3,981	$6,883,228
No positions match the current search.

Trimmed

Positions the filer reduced

1 positions

Ticker	Company	Δ Shares	Shares	Value	Open
GEV	GE Vernova Inc.	−25,957	64,446	$56,254,913
No positions match the current search.

New Positions

Positions the filer opened this quarter

1 positions

Ticker	Company	Shares	Value	Open
AMAT	Applied Materials Inc /De	28,525	$9,749,559
No positions match the current search.

Sold Out

Positions the filer fully exited

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

26 positions · $734,034,196 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Financial Services Healthcare Industrials Real Estate Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MSFT	Microsoft Corp Technology	Added	173,081	+1,139	$64,069,393	−23.0%	8.73%
GEV	GE Vernova Inc. Industrials	Reduced	64,446	-25,957	$56,254,913	−4.8%	7.66%
AMZN	Amazon Com Inc Consumer Cyclical	Added	264,647	+1,773	$55,118,030	−9.2%	7.51%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	160,601	+1,008	$54,275,107	+11.9%	7.39%
META	Meta Platforms, Inc. Communication Services	Added	81,695	+572	$46,740,160	−12.7%	6.37%
UNP	Union Pacific Corp Industrials	Added	185,981	+1,213	$45,122,710	+5.6%	6.15%
WWD	Woodward, Inc. Industrials	Added	125,228	+843	$44,821,605	+19.2%	6.11%
GE	General Electric Co Industrials	Added	155,550	+966	$44,140,423	−7.3%	6.01%
SAP	Sap SE Technology	Added	249,017	+1,465	$42,634,200	−29.1%	5.81%
AON	Aon plc Financial Services	Added	109,488	+714	$35,340,536	−7.9%	4.81%
V	Visa Inc. Financial Services	Added	95,796	+534	$28,953,383	−13.3%	3.94%
MA	Mastercard Inc Financial Services	Added	54,203	+301	$27,083,070	−12.0%	3.69%
LIN	Linde PLC Basic Materials	Added	51,966	+322	$25,762,664	+17.0%	3.51%
NFLX	Netflix Inc Communication Services	Added	244,334	+1,602	$23,492,714	+3.2%	3.20%
AVGO	Broadcom Inc. Technology	Added	67,401	+463	$20,861,283	−10.0%	2.84%
CRS	Carpenter Technology Corp Industrials	Added	52,417	+333	$20,660,160	+26.0%	2.81%
GEHC	GE HealthCare Technologies Inc. Healthcare	Added	278,558	+1,927	$19,827,758	−12.6%	2.70%
HWM	Howmet Aerospace Inc. Industrials	Added	82,226	+523	$18,949,803	+13.1%	2.58%
SPOT	Spotify Technology S.A. Communication Services	Added	31,064	+202	$15,063,244	−16.0%	2.05%
GWRE	Guidewire Software, Inc. Technology	Added	81,448	+528	$12,181,362	−25.1%	1.66%
CEG	Constellation Energy Corp Utilities	Added	36,473	+261	$10,185,085	−20.4%	1.39%
AMAT	Applied Materials Inc /De Technology	NEW	28,525	NEW	$9,749,559	NEW	1.33%
MELI	Mercadolibre Inc Consumer Cyclical	Added	3,981	+30	$6,883,228	−13.5%	0.94%
CSGP	Costar Group, Inc. Real Estate	Added	109,244	+629	$4,406,902	−39.7%	0.60%
GOOGL	Alphabet Inc. Communication Services	Held	3,400	0	$977,704	−8.1%	0.13%
BRK-B	Berkshire Hathaway Inc Financial Services	Held	1,000	0	$479,200	−4.7%	0.07%