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Night Owl Capital Management Portfolio holdings

AUM $953M
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
Cap. Flow
-$45.5M
Cap. Flow %
-4.77%
Top 10 Hldgs %
64%
Holding
32
New
2
Increased
22
Reduced
4
Closed
2

Top Buys

Rank Stock Value
1
AMAT icon
Applied Materials
AMAT
+$27.5M
2
NTRA icon
Natera
NTRA
+$8.8M
3
BIL icon
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
+$8.24M
4
TWST icon
Twist Bioscience
TWST
+$2.98M
5
SGOV icon
iShares 0-3 Month Treasury Bond ETF
SGOV
+$1.7M

Top Sells

Rank Stock Value
1
GEV icon
GE Vernova
GEV
+$41.1M
2
GOOG icon
Alphabet (Google) Class C
GOOG
+$25.2M
3
NFLX icon
Netflix
NFLX
+$23.5M
4
SAP icon
SAP
SAP
+$10.3M
5
CEG icon
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
CEG icon
26
Constellation Energy
CEG
$93.3B
$6.02M 0.63%
24,243
-12,230
-34% -$3.44M
TWST icon
27
Twist Bioscience
TWST
$12.1B
$4.72M 0.49%
+45,837
New +$2.98M
CSGP icon
28
CoStar Group
CSGP
$11.4B
$3.14M 0.33%
110,871
+1,627
+1% +$56K
BRK.A icon
29
Berkshire Hathaway Class A
BRK.A
$1.08T
$749K 0.08%
1
– –
BRK.B icon
30
Berkshire Hathaway Class B
BRK.B
$1.08T
$500K 0.05%
1,000
– –
GOOGL icon
31
Alphabet (Google) Class A
GOOGL
$4.21T
– –
-3,400
Closed -$978K
NFLX icon
32
Netflix
NFLX
$296B
– –
-244,334
Closed -$23.5M
1
2

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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.