Latest Night Owl Capital Management, LLC Stock Portfolio

Night Owl Capital Management, LLC Performance:

2025 Q4: 1.3%YTD: 21.58%2024: 39.66%

Performance for 2025 Q4 is 1.3%, and YTD is 21.58%, and 2024 is 39.66%.

About Night Owl Capital Management, LLC and 13F Hedge Fund Stock Holdings

On 2026-02-13, the fund reported it's updated stock portfolio. In the 13F Holdings report, Night Owl Capital Management, LLC reported an equity portfolio of $912.4 Millions as of 31 Dec, 2025.

The top stock holdings of Night Owl Capital Management, LLC are GOOG, MSFT, AMZN. The fund has invested 11.2% of it's portfolio in ALPHABET INC CAP STK CL C and 9.1% of portfolio in MICROSOFT CORP COM.

The fund managers got completely rid off UBER TECHNOLOGIES (UBER) and VISTRA CORP (VST) stocks. They significantly reduced their stock positions in CONSTELLATION ENERGY (CEG) and ISHARES 0-3 MONTH TREASURY BON (DMXF). Night Owl Capital Management, LLC opened new stock positions in GE HEALTHCARE TECHNOLOGIES INC. The fund showed a lot of confidence in some stocks as they added substantially to META PLATFORMS INC CL A (META), SPDR BLOOMBERG 1-3 MONTH T-BIL (BIL) and MICROSOFT CORP COM (MSFT).

Night Owl Capital Management, LLC Annual Return Estimates Vs S&P 500

Our best estimate is that Night Owl Capital Management, LLC made a return of 1.3% in the last quarter. In trailing 12 months, it's portfolio return was 21.58%.

Performance
S&P 500

New Buys

Ticker	$ Bought
ge healthcare technologies inc	22,689,300

New stocks bought by Night Owl Capital Management, LLC

Additions

Ticker	% Inc.
meta platforms inc cl a	24.39
spdr bloomberg 1-3 month t-bil	21.87
microsoft corp com	16.02
amazon com inc com	1.69
spotify technology sa	1.68
alphabet inc cap stk cl c	1.67
guidewire software	1.66
mercadolibre	1.65

Additions to existing portfolio by Night Owl Capital Management, LLC

Reductions

Ticker	% Reduced
constellation energy	-44.95
ishares 0-3 month treasury bon	-3.03

Night Owl Capital Management, LLC reduced stake in above stock

Sold off

Ticker	$ Sold
uber technologies	-43,293,200
vistra corp	-22,758,300

Night Owl Capital Management, LLC got rid off the above stocks

Sector Distribution

Night Owl Capital Management, LLC has about 25.9% of it's holdings in Others sector.

Sector	%
Others	25.9
Communication Services	19.6
Industrials	17.7
Technology	13.4
Financial Services	11.2
Consumer Cyclical	7.5
Basic Materials	2.4
Utilities	1.4

Market Cap. Distribution

Night Owl Capital Management, LLC has about 74.1% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MEGA-CAP	52.6
UNALLOCATED	25.9
LARGE-CAP	21.5

Stocks belong to which Index?

About 67.3% of the stocks held by Night Owl Capital Management, LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	65.5
Others	32.7
RUSSELL 2000	1.8

Top 5 Winners (%)		%
GOOG	alphabet inc. cl a	28.8 %
GOOG	alphabet inc cap stk cl c	28.5 %
CRS	carpenter technology	28.0 %
WWD	woodward	19.4 %
TSM	taiwan semiconductor mfg co sp	8.7 %

Top 5 Winners ($)		$
GOOG	alphabet inc cap stk cl c	22.6 M
WWD	woodward	6.1 M
TSM	taiwan semiconductor mfg co sp	3.9 M
CRS	carpenter technology	3.6 M
	ge vernova	3.5 M

Top 5 Losers (%)		%
NFLX	netflix inc com	-21.7 %
CSGP	costar group inc com	-20.2 %
SPOT	spotify technology sa	-16.7 %
MELI	mercadolibre	-13.7 %
GWRE	guidewire software	-12.5 %

Top 5 Losers ($)		$
NFLX	netflix inc com	-6.3 M
SAP	sap se spon adr	-6.0 M
MSFT	microsoft corp com	-5.5 M
META	meta platforms inc cl a	-5.4 M
SPOT	spotify technology sa	-3.6 M

Night Owl Capital Management, LLC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Night Owl Capital Management, LLC

Night Owl Capital Management, LLC has 29 stocks in it's portfolio. About 65.3% of the portfolio is in top 10 stocks. NFLX proved to be the most loss making stock for the portfolio. GOOG was the most profitable stock for Night Owl Capital Management, LLC last quarter.

Last Reported on: 13 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AMZN	amazon com inc com	6.65	262,874	60,676,600	added	1.69

AON	aon plc registered shs cl a	4.21	108,774	38,384,300	added	1.64

AVGO	broadcom	2.54	66,938	23,167,200	added	1.32

BIL	spdr bloomberg 1-3 month t-bil	2.28	227,208	20,762,300	added	21.87

CEG	constellation energy	1.40	36,212	12,792,600	reduced	-44.95

CRS	carpenter technology	1.80	52,084	16,398,100	added	1.49

CSGP	costar group inc com	0.80	108,615	7,303,250	added	0.84

DMXF	ishares 0-3 month treasury bon	0.64	58,124	5,834,490	reduced	-3.03

GE	ge aerospace	5.22	154,584	47,616,500	added	1.12

GOOG	alphabet inc cap stk cl c	11.16	324,613	101,864,000	added	1.67

GOOG	alphabet inc. cl a	0.12	3,400	1,064,200	unchanged	0.00

GWRE	guidewire software	1.78	80,920	16,265,700	added	1.66

HWM	howmet aerospace	1.84	81,703	16,750,700	added	1.5

LIN	linde plc	2.41	51,644	22,020,500	added	1.09

MA	mastercard inc cl a	3.37	53,902	30,771,700	added	1.48

MELI	mercadolibre	0.87	3,951	7,958,340	added	1.65

META	meta platforms inc cl a	5.87	81,123	53,548,500	added	24.39

MSFT	microsoft corp com	9.11	171,942	83,154,400	added	16.02

NFLX	netflix inc com	2.49	242,732	22,758,600	added	1.61

SAP	sap se spon adr	6.59	247,552	60,132,900	added	1.02