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Night Owl Capital Management Portfolio holdings
AUM
$953M
Turnover
12.5%
1-Year Est. Return
29.53%
This Fund
S&P 500
This Quarter Est. Return
+22.49%
1 Year Est. Return
+29.53%
3 Year Est. Return
+161.61%
5 Year Est. Return
+193.57%
10 Year Est. Return
+1,558.68%
AUM
$953M
AUM Growth
+$94.8M
(+11%)
Cap. Flow
-$45.5M
Cap. Flow % of AUM
Cap. Flow %
-4.77%
Top 10 Holdings %
Top 10 Hldgs %
64%
Holding
32
New
2
Increased
22
Reduced
4
Closed
2
Avg Time Held
4.6
years
Top 10 Avg Time Held
3
years
Top 20 Avg Time Held
4.8
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Applied Materials
AMAT
|
+$27.5M |
| 2 |
Natera
NTRA
|
+$8.8M |
| 3 |
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
|
+$8.24M |
| 4 |
Twist Bioscience
TWST
|
+$2.98M |
| 5 |
iShares 0-3 Month Treasury Bond ETF
SGOV
|
+$1.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GE Vernova
GEV
|
+$41.1M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$25.2M |
| 3 |
Netflix
NFLX
|
+$23.5M |
| 4 |
SAP
SAP
|
+$10.3M |
| 5 |
Constellation Energy
CEG
|
+$3.44M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.57% |
| 2 | Industrials | 26.06% |
| 3 | Communication Services | 15.94% |
| 4 | Financials | 10.44% |
| 5 | Consumer Discretionary | 7.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Alphabet (Google) Class C
GOOG
$3.57T
| $90.6M | 9.51% |
256,337
-70,413
| -22% | -$25.2M |
2013 Q2
52 quarters
|
|
2
TSMC
TSM
$2.14T
| $77.9M | 8.18% |
163,108
+2,507
| +2% | +$1.02M |
2023 Q1
13 quarters
|
|
3
Microsoft
MSFT
$3.87T
| $65.4M | 6.87% |
175,443
+2,362
| +1% | +$956K |
2014 Q2
48 quarters
|
|
4
Amazon
AMZN
$2.88T
| $63.9M | 6.71% |
268,254
+3,607
| +1% | +$905K |
2015 Q4
42 quarters
|
|
|
5
Applied Materials
AMAT
$314B
| $63.7M | 6.69% |
88,107
+59,582
| +209% | +$27.5M |
2026 Q1
1 quarter
|
|
6
GE Aerospace
GE
$356B
| $59M | 6.19% |
157,921
+2,371
| +2% | +$742K |
2024 Q1
9 quarters
|
|
7
Woodward
WWD
$20B
| $54.2M | 5.69% |
127,375
+2,147
| +2% | +$814K |
2025 Q2
4 quarters
|
|
8
Union Pacific
UNP
$180B
| $51.5M | 5.4% |
189,178
+3,197
| +2% | +$839K |
2023 Q2
12 quarters
|
|
9
Meta Platforms (Facebook)
META
$1.61T
| $46.8M | 4.91% |
83,116
+1,421
| +2% | +$869K |
2024 Q1
9 quarters
|
|
10
Aon
AON
$71.4B
| $36.8M | 3.86% |
110,978
+1,490
| +1% | +$481K |
2013 Q2
52 quarters
|
|
11
Visa
V
$794B
| $33.3M | 3.49% |
96,957
+1,161
| +1% | +$373K |
2013 Q2
52 quarters
|
|
12
Carpenter Technology
CRS
$15.1B
| $32.8M | 3.45% |
53,214
+797
| +2% | +$375K |
2024 Q4
6 quarters
|
|
|
13
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$48.4B
| $31.7M | 3.32% |
345,464
+90,023
| +35% | +$8.24M |
2022 Q4
14 quarters
|
|
|
14
SAP
SAP
$270B
| $29.1M | 3.05% |
188,848
-60,169
| -24% | -$10.3M |
2023 Q2
12 quarters
|
|
|
15
GE Vernova
GEV
$214B
| $28.4M | 2.98% |
24,164
-40,282
| -63% | -$41.1M |
2024 Q2
8 quarters
|
|
16
Mastercard
MA
$576B
| $28.2M | 2.96% |
54,855
+652
| +1% | +$325K |
2013 Q2
52 quarters
|
|
17
Linde
LIN
$242B
| $27.4M | 2.87% |
52,749
+783
| +2% | +$397K |
2024 Q1
9 quarters
|
|
18
Broadcom
AVGO
$1.65T
| $25.9M | 2.71% |
68,438
+1,037
| +2% | +$416K |
2024 Q2
8 quarters
|
|
19
Howmet Aerospace
HWM
$89.1B
| $22.4M | 2.36% |
83,475
+1,249
| +2% | +$321K |
2024 Q4
6 quarters
|
|
20
GE HealthCare
GEHC
$37.3B
| $18.1M | 1.9% |
283,292
+4,734
| +2% | +$311K |
2025 Q4
2 quarters
|
|
21
Spotify
SPOT
$125B
| $14.5M | 1.52% |
31,592
+528
| +2% | +$252K |
2025 Q2
4 quarters
|
|
|
22
Natera
NTRA
$46.4B
| $11.2M | 1.18% |
+41,254
| New | +$8.8M |
2026 Q2
0 quarters
|
|
23
Guidewire Software
GWRE
$13.1B
| $10.2M | 1.07% |
82,825
+1,377
| +2% | +$184K |
2025 Q2
4 quarters
|
|
|
24
iShares 0-3 Month Treasury Bond ETF
SGOV
$117B
| $7.85M | 0.82% |
77,949
+16,923
| +28% | +$1.7M |
2024 Q3
7 quarters
|
|
25
Mercado Libre
MELI
$76.7B
| $6.88M | 0.72% |
4,052
+71
| +2% | +$121K |
2025 Q2
4 quarters
|
|
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Night Owl Capital Management's Q2 2026 Portfolio in Review
As of Q2 2026, Night Owl Capital Management held 32 positions worth $953M, up 11% from $858M the previous quarter. Its ten largest holdings account for 64% of the portfolio.
Night Owl Capital Management withdrew a net $45.5M in Q2 2026, closing 2 positions and reducing 4 holdings. Its most notable exit was Netflix, an estimated $23.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 24% a quarter earlier, followed by Industrials and Communication Services.
Against the trend, Night Owl Capital Management opened a new position in Natera worth $11.2M.
- Night Owl Capital Management's largest Q2 2026 buy was Natera: 41,254 shares worth $11.2M.
- Night Owl Capital Management added most to Applied Materials in Q2 2026, an estimated $27.5M increase.
- Night Owl Capital Management's biggest Q2 2026 reduction was GE Vernova, cutting an estimated $41.1M.
- Night Owl Capital Management fully exited Netflix in Q2 2026, selling an estimated $23.5M.
- Night Owl Capital Management's ten largest holdings make up 64% of its $953M portfolio in Q2 2026.
- Night Owl Capital Management opened 2 new positions and closed 2 in Q2 2026.
- Night Owl Capital Management's portfolio value rose 11% quarter-over-quarter to $953M.
Based on Night Owl Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.