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Night Owl Capital Management Portfolio holdings

AUM $858M
1-Year Est. Return 31.41%
This Fund
S&P 500
This Quarter Est. Return
+2.98%
1 Year Est. Return
+31.41%
3 Year Est. Return
+150.18%
5 Year Est. Return
+177.63%
10 Year Est. Return
+1,247.26%
AUM
$912M
AUM Growth
-$4.85M
Cap. Flow
-$19M
Cap. Flow %
-2.08%
Top 10 Hldgs %
65.29%
Holding
31
New
1
Increased
23
Reduced
2
Closed
2

Top Buys

Rank Stock Value
1
GEHC icon
GE HealthCare
GEHC
+$21.6M
2
MSFT icon
Microsoft
MSFT
+$11.9M
3
META icon
Meta Platforms (Facebook)
META
+$10.6M
4
BIL icon
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
+$3.73M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$1.53M

Top Sells

Rank Stock Value
1
UBER icon
Uber
UBER
+$43.3M
2
VST icon
Vistra
VST
+$22.8M
3
CEG icon
Constellation Energy
CEG
+$10.7M
4
SGOV icon
iShares 0-3 Month Treasury Bond ETF
SGOV
+$183K

Sector Composition

Rank Sector Weight
1 Technology 25.34%
2 Industrials 24.13%
3 Communication Services 21.61%
4 Financials 11.38%
5 Consumer Discretionary 7.52%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SGOV icon
26
iShares 0-3 Month Treasury Bond ETF
SGOV
$101B
$5.83M 0.64%
58,124
-1,817
-3% -$183K
GOOGL icon
27
Alphabet (Google) Class A
GOOGL
$4.33T
$1.06M 0.12%
3,400
– –
BRK.A icon
28
Berkshire Hathaway Class A
BRK.A
$1.12T
$755K 0.08%
1
– –
BRK.B icon
29
Berkshire Hathaway Class B
BRK.B
$1.13T
$503K 0.06%
1,000
– –
UBER icon
30
Uber
UBER
$153B
– –
-441,903
Closed -$43.3M
VST icon
31
Vistra
VST
$47.4B
– –
-116,161
Closed -$22.8M
1
2

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Night Owl Capital Management's Q4 2025 Portfolio in Review

As of Q4 2025, Night Owl Capital Management held 31 positions worth $912M, down 0.53% from $917M the previous quarter. Its ten largest holdings account for 65% of the portfolio.

Night Owl Capital Management's Q4 2025 filing shows 1 new, 23 increased, 2 reduced and 2 closed positions. Its largest new stake was GE HealthCare: 276,631 shares worth $22.7M. The largest sale was Uber, an estimated $43.3M.

By sector, the portfolio is most concentrated in Technology at 25% of assets, down from 29% a quarter earlier, followed by Industrials and Communication Services.

  • Night Owl Capital Management's largest Q4 2025 buy was GE HealthCare: 276,631 shares worth $22.7M.
  • Night Owl Capital Management added most to Microsoft in Q4 2025, an estimated $11.9M increase.
  • Night Owl Capital Management's biggest Q4 2025 reduction was Constellation Energy, cutting an estimated $10.7M.
  • Night Owl Capital Management fully exited Uber in Q4 2025, selling an estimated $43.3M.
  • Night Owl Capital Management's ten largest holdings make up 65% of its $912M portfolio in Q4 2025.
  • Night Owl Capital Management opened 1 new position and closed 2 in Q4 2025.
  • Night Owl Capital Management's portfolio value fell 0.53% quarter-over-quarter to $912M.

Based on Night Owl Capital Management's 13F filing for Q4 2025, filed 13 Feb 2026.