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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
+3.55%
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
$492M
AUM Growth
-$77.9M
Cap. Flow
-$88.6M
Cap. Flow %
-18%
Top 10 Hldgs %
80.82%
Holding
26
New
–
Increased
8
Reduced
10
Closed
5

Top Buys

Rank Stock Value
1
CSGP icon
CoStar Group
CSGP
+$12.4M
2
GOOG icon
Alphabet (Google) Class C
GOOG
+$11.8M
3
GSHD icon
Goosehead Insurance
GSHD
+$3.28M
4
AMZN icon
Amazon
AMZN
+$1.74M
5
MSFT icon
Microsoft
MSFT
+$401K

Top Sells

Rank Stock Value
1
ADBE icon
Adobe
ADBE
+$21.6M
2
FISV
Fiserv Inc
FISV
+$17.8M
3
PYPL icon
PayPal
PYPL
+$17.2M
4
SE icon
Sea Limited
SE
+$13.5M
5
META icon
Meta Platforms (Facebook)
META
+$11.4M

Sector Composition

Rank Sector Weight
1 Technology 44.86%
2 Financials 25.34%
3 Consumer Discretionary 13.07%
4 Communication Services 12.73%
5 Real Estate 4%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSFT icon
1
Microsoft
MSFT
$3.71T
$63.8M 12.96%
189,619
+1,238
+0.7% +$401K
AMZN icon
2
Amazon
AMZN
$2.96T
$52.6M 10.7%
315,640
+10,140
+3% +$1.74M
AON icon
3
Aon
AON
$76B
$50.5M 10.27%
168,092
-810
-0.5% -$243K
GOOG icon
4
Alphabet (Google) Class C
GOOG
$4.32T
$48.2M 9.8%
333,340
+81,540
+32% +$11.8M
NOW icon
5
ServiceNow
NOW
$129B
$37.3M 7.57%
286,975
+1,355
+0.5% +$178K
MA icon
6
Mastercard
MA
$493B
$34.6M 7.03%
96,300
-1,016
-1% -$351K
SHOP icon
7
Shopify
SHOP
$195B
$34.4M 6.99%
249,580
-67,530
-21% -$9.87M
V icon
8
Visa
V
$677B
$32.4M 6.59%
149,568
+1,321
+0.9% +$284K
SPT icon
9
Sprout Social
SPT
$621M
$22.8M 4.63%
251,033
-1,864
-0.7% -$211K
TEAM icon
10
Atlassian
TEAM
$37.8B
$21M 4.27%
55,090
-178
-0.3% -$71.5K
CSGP icon
11
CoStar Group
CSGP
$12.3B
$19.7M 4%
248,883
+147,760
+146% +$12.4M
FISV
12
Fiserv Inc
FISV
$27.9B
$18.8M 3.82%
180,878
-172,028
-49% -$17.8M
DDOG icon
13
Datadog
DDOG
$84B
$16.2M 3.29%
90,810
+20
+0% +$3.39K
META icon
14
Meta Platforms (Facebook)
META
$1.51T
$13.9M 2.83%
41,379
-34,319
-45% -$11.4M
FND icon
15
Floor & Decor
FND
$6.68B
$11.7M 2.37%
89,806
-203
-0.2% -$26.2K
GSHD icon
16
Goosehead Insurance
GSHD
$2.32B
$6.35M 1.29%
48,809
+22,826
+88% +$3.28M
OKTA icon
17
Okta
OKTA
$25.8B
$5.86M 1.19%
26,148
-36,273
-58% -$8.64M
AAPL icon
18
Apple
AAPL
$4.57T
$674K 0.14%
3,797
-220
-5% -$34.8K
GOOGL icon
19
Alphabet (Google) Class A
GOOGL
$4.33T
$492K 0.1%
3,400
– –
BRK.A icon
20
Berkshire Hathaway Class A
BRK.A
$1.12T
$451K 0.09%
1
– –
BRK.B icon
21
Berkshire Hathaway Class B
BRK.B
$1.13T
$299K 0.06%
1,000
– –
ADBE icon
22
Adobe
ADBE
$105B
– –
-37,459
Closed -$21.6M
CRWD icon
23
CrowdStrike
CRWD
$218B
– –
-183,648
Closed -$11.3M
FVRR icon
24
Fiverr
FVRR
$339M
– –
-34,985
Closed -$6.39M
PYPL icon
25
PayPal
PYPL
$50.5B
– –
-66,140
Closed -$17.2M
1
2

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Night Owl Capital Management's Q4 2021 Portfolio in Review

As of Q4 2021, Night Owl Capital Management held 26 positions worth $492M, down 14% from $570M the previous quarter. Its ten largest holdings account for 81% of the portfolio.

Night Owl Capital Management withdrew a net $88.6M in Q4 2021, closing 5 positions and reducing 10 holdings. Its most notable exit was Adobe, an estimated $21.6M position sold in full.

By sector, the portfolio is most concentrated in Technology at 45% of assets, down from 50% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, Night Owl Capital Management added an estimated $12.4M to CoStar Group.

  • Night Owl Capital Management added most to CoStar Group in Q4 2021, an estimated $12.4M increase.
  • Night Owl Capital Management's biggest Q4 2021 reduction was Fiserv Inc, cutting an estimated $17.8M.
  • Night Owl Capital Management fully exited Adobe in Q4 2021, selling an estimated $21.6M.
  • Night Owl Capital Management's ten largest holdings make up 81% of its $492M portfolio in Q4 2021.
  • Night Owl Capital Management opened 0 new positions and closed 5 in Q4 2021.
  • Night Owl Capital Management's portfolio value fell 14% quarter-over-quarter to $492M.

Based on Night Owl Capital Management's 13F filing for Q4 2021, filed 14 Feb 2022.