Night Owl Capital Management
GREENWICH, CTfiles as Night Owl Capital Management, LLC
$953m in 30 US stocks at the end of 30 June 2026. The top 10 are 64.0% of the money. It changed about 13.3% of the portfolio this quarter.
Value
$953m
Stocks
30
Top 10 share
64.0%
Turnover
13.3%
What changed this quarter
New
Bought for the first time this quarter.
- NateraNTRA1.2% of the fund
- Twist BioscienceTWST0.5% of the fund
Added
Bought more of a stock they already held.
- Applied MaterialsAMAT6.7% of the fund+209%
- Spdr Series TrustBIL3.3% of the fund+35%
- Ishares TRSGOV0.8% of the fund+28%
Cut
Sold some of their stake.
- AlphabetGOOG9.5% of the fund-22%
- SAP SESAP3.1% of the fund-24%
- GE VernovaGEV3.0% of the fund-63%
- Constellation EnergyCEG0.6% of the fund-34%
Sold out
Sold their entire stake.
- NetflixNFLX-100%
- AlphabetGOOGL-100%
Holdings
- Spdr Series TrustBIL
- Share
- 3.3%
- Value
- $32m
- Shares
- 345,464
+35%
- Ishares TRSGOV
- Share
- 0.8%
- Value
- $8m
- Shares
- 77,949
+28%
- Berkshire Hathaway INC DELBRK-A
- Share
- <0.1%
- Value
- $748,850
- Shares
- 1
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| AlphabetGOOG | 9.5% | $91m | 256,337 | -22% |
| Taiwan Semiconductor ManufacturingTSM | 8.2% | $78m | 163,108 | Held |
| MicrosoftMSFT | 6.9% | $65m | 175,443 | Held |
| Amazon.comAMZN | 6.7% | $64m | 268,254 | Held |
| Applied MaterialsAMAT | 6.7% | $64m | 88,107 | +209% |
| General ElectricGE | 6.2% | $59m | 157,921 | Held |
| WoodwardWWD | 5.7% | $54m | 127,375 | Held |
| Union PacificUNP | 5.4% | $51m | 189,178 | Held |
| Meta PlatformsMETA | 4.9% | $47m | 83,116 | Held |
| AonAON | 3.9% | $37m | 110,978 | Held |
| VisaV | 3.5% | $33m | 96,957 | Held |
| Carpenter TechnologyCRS | 3.4% | $33m | 53,214 | Held |
| Spdr Series TrustBIL | 3.3% | $32m | 345,464 | +35% |
| SAP SESAP | 3.1% | $29m | 188,848 | -24% |
| GE VernovaGEV | 3.0% | $28m | 24,164 | -63% |
| MastercardMA | 3.0% | $28m | 54,855 | Held |
| LindeLIN | 2.9% | $27m | 52,749 | Held |
| BroadcomAVGO | 2.7% | $26m | 68,438 | Held |
| Howmet AerospaceHWM | 2.4% | $22m | 83,475 | Held |
| GE HealthCare TechnologiesGEHC | 1.9% | $18m | 283,292 | Held |
| Spotify TechnologySPOT | 1.5% | $15m | 31,592 | Held |
| NateraNTRA | 1.2% | $11m | 41,254 | New |
| Guidewire SoftwareGWRE | 1.1% | $10m | 82,825 | Held |
| Ishares TRSGOV | 0.8% | $8m | 77,949 | +28% |
| MercadoLibreMELI | 0.7% | $7m | 4,052 | Held |
| Constellation EnergyCEG | 0.6% | $6m | 24,243 | -34% |
| Twist BioscienceTWST | 0.5% | $5m | 45,837 | New |
| Costar GroupCSGP | 0.3% | $3m | 110,871 | Held |
| Berkshire Hathaway INC DELBRK-A | <0.1% | $748,850 | 1 | Held |
| Berkshire HathawayBRK-B | <0.1% | $500,390 | 1,000 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 10.2% since 30 June 2025.
Where the money is
Technology29.3%
Industrials26.1%
Media & telecom15.9%
Financial services10.4%
Retail & consumer6.7%
Health care3.6%
Materials2.9%
Utilities0.6%
Real estate0.3%
Other4.2%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.