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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
+0.63%
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
$800M
AUM Growth
+$25.8M
Cap. Flow
+$32.5M
Cap. Flow %
4.07%
Top 10 Hldgs %
62.67%
Holding
28
New
–
Increased
24
Reduced
1
Closed
–

Top Buys

Rank Stock Value
1
UNH icon
UnitedHealth
UNH
+$12.1M
2
FISV
Fiserv Inc
FISV
+$2.43M
3
BIL icon
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
+$2.4M
4
AON icon
Aon
AON
+$2.26M
5
SAP icon
SAP
SAP
+$2.23M

Top Sells

Rank Stock Value
1
CEG icon
Constellation Energy
CEG
+$10.4M

Sector Composition

Rank Sector Weight
1 Technology 30.18%
2 Financials 15.53%
3 Communication Services 14.99%
4 Industrials 14.77%
5 Consumer Discretionary 7.57%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SAP icon
1
SAP
SAP
$238B
$63.3M 7.91%
235,848
+8,178
+4% +$2.23M
AON icon
2
Aon
AON
$76B
$63.3M 7.91%
158,553
+5,903
+4% +$2.26M
FISV
3
Fiserv Inc
FISV
$27.9B
$62.1M 7.76%
281,106
+11,077
+4% +$2.43M
AMZN icon
4
Amazon
AMZN
$2.96T
$60.6M 7.57%
318,336
+8,068
+3% +$1.75M
GOOG icon
5
Alphabet (Google) Class C
GOOG
$4.32T
$55.8M 6.98%
357,293
+11,476
+3% +$2.1M
MSFT icon
6
Microsoft
MSFT
$3.71T
$49.3M 6.16%
131,323
+4,601
+4% +$1.88M
UNH icon
7
UnitedHealth
UNH
$370B
$44M 5.5%
83,996
+23,694
+39% +$12.1M
GEV icon
8
GE Vernova
GEV
$264B
$37.3M 4.66%
122,181
+4,970
+4% +$1.73M
NFLX icon
9
Netflix
NFLX
$309B
$33.2M 4.16%
356,460
+11,780
+3% +$1.12M
UNP icon
10
Union Pacific
UNP
$174B
$32.5M 4.06%
137,364
+4,978
+4% +$1.2M
V icon
11
Visa
V
$677B
$31.6M 3.95%
90,240
+3,475
+4% +$1.18M
UBER icon
12
Uber
UBER
$153B
$31M 3.87%
425,347
+16,008
+4% +$1.15M
META icon
13
Meta Platforms (Facebook)
META
$1.51T
$30.3M 3.79%
52,601
+1,995
+4% +$1.29M
GE icon
14
GE Aerospace
GE
$384B
$29.5M 3.68%
147,204
+5,901
+4% +$1.16M
MA icon
15
Mastercard
MA
$493B
$28M 3.5%
51,076
+1,976
+4% +$1.08M
VST icon
16
Vistra
VST
$47.4B
$25.3M 3.16%
215,467
+8,772
+4% +$1.31M
TSM icon
17
TSMC
TSM
$2.18T
$25.1M 3.13%
151,056
+5,968
+4% +$1.16M
CEG icon
18
Constellation Energy
CEG
$95.6B
$23.8M 2.98%
118,209
-38,728
-25% -$10.4M
LIN icon
19
Linde
LIN
$226B
$22.9M 2.86%
49,195
+1,474
+3% +$664K
AVGO icon
20
Broadcom
AVGO
$2.04T
$10.6M 1.33%
63,527
+2,936
+5% +$621K
HWM icon
21
Howmet Aerospace
HWM
$112B
$10M 1.25%
77,366
+3,355
+5% +$426K
CRS icon
22
Carpenter Technology
CRS
$28.4B
$8.94M 1.12%
49,332
+2,256
+5% +$435K
CSGP icon
23
CoStar Group
CSGP
$12.3B
$8.23M 1.03%
103,841
+2,192
+2% +$167K
BIL icon
24
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$46.7B
$7.85M 0.98%
85,539
+26,166
+44% +$2.4M
SGOV icon
25
iShares 0-3 Month Treasury Bond ETF
SGOV
$101B
$3.56M 0.45%
35,411
+10,656
+43% +$1.07M
1
2

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BCM
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TSS
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AWM
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WFAL
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EPIMS
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Night Owl Capital Management's Q1 2025 Portfolio in Review

As of Q1 2025, Night Owl Capital Management held 28 positions worth $800M, up 3.3% from $774M the previous quarter. Its ten largest holdings account for 63% of the portfolio.

Night Owl Capital Management deployed $32.5M of net new capital in Q1 2025, adding to 24 existing holdings.

By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 30% a quarter earlier, followed by Financials and Communication Services.

On the sell side, the largest reduction was Constellation Energy, an estimated $10.4M trimmed.

  • Night Owl Capital Management added most to UnitedHealth in Q1 2025, an estimated $12.1M increase.
  • Night Owl Capital Management's biggest Q1 2025 reduction was Constellation Energy, cutting an estimated $10.4M.
  • Night Owl Capital Management's ten largest holdings make up 63% of its $800M portfolio in Q1 2025.
  • Night Owl Capital Management opened 0 new positions and closed 0 in Q1 2025.
  • Night Owl Capital Management's portfolio value rose 3.3% quarter-over-quarter to $800M.

Based on Night Owl Capital Management's 13F filing for Q1 2025, filed 15 May 2025.