Latest Night Owl Capital Management, LLC Stock Portfolio

Night Owl Capital Management, LLC Performance:

2025 Q2: 13.79%YTD: 12.34%2024: 25.05%

Performance for 2025 Q2 is 13.79%, and YTD is 12.34%, and 2024 is 25.05%.

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

In it's latest 13F Holdings report, Night Owl Capital Management, LLC reported an equity portfolio of $864.8 Millions as of 30 Jun, 2025.

The top stock holdings of Night Owl Capital Management, LLC are AMZN, , MSFT. The fund has invested 8.6% of it's portfolio in AMAZON COM INC COM and 8.5% of portfolio in SAP SE SPON ADR.

The fund managers got completely rid off UNITEDHEALTH GROUP INC COM (UNH) stocks. They significantly reduced their stock positions in VISTRA CORP (VST), CONSTELLATION ENERGY (CEG) and FISERV. Night Owl Capital Management, LLC opened new stock positions in WOODWARD (WWD), GUIDEWIRE SOFTWARE (GWRE) and MERCADOLIBRE (MELI). The fund showed a lot of confidence in some stocks as they added substantially to SPDR BLOOMBERG 1-3 MONTH T-BIL (BIL), ISHARES 0-3 MONTH TREASURY BON (DMXF) 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 13.79% in the last quarter. In trailing 12 months, it's portfolio return was 20.92%.

New Buys

Ticker	$ Bought
woodward	19,330,500
guidewire software	18,585,200
mercadolibre	10,057,200
spotify technology sa	9,924,780

New stocks bought by Night Owl Capital Management, LLC

Additions

Ticker	% Inc.
spdr bloomberg 1-3 month t-bil	140
ishares 0-3 month treasury bon	81.42
microsoft corp com	11.95
amazon com inc com	6.36
meta platforms inc cl a	3.2
mastercard inc cl a	3.17
howmet aerospace	3.17
carpenter technology	3.15

Additions to existing portfolio by Night Owl Capital Management, LLC

Reductions

Ticker	% Reduced
vistra corp	-46.61
constellation energy	-44.9
fiserv	-44.64
union pacific corp.	-41.04
netflix inc com	-33.61
aon plc registered shs cl a	-33.09
ge vernova	-27.78
alphabet inc cap stk cl c	-11.36

Night Owl Capital Management, LLC reduced stake in above stock

Sold off

Ticker	$ Sold
unitedhealth group inc com	-43,992,900

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

Sector Distribution

Night Owl Capital Management, LLC has about 25.3% of it's holdings in Others sector.

Sector	%
Others	25.3
Technology	17.4
Communication Services	14.9
Industrials	12.2
Financial Services	11.6
Consumer Cyclical	9.8
Utilities	5
Basic Materials	2.7

Market Cap. Distribution

Night Owl Capital Management, LLC has about 70.8% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MEGA-CAP	44
LARGE-CAP	26.8
UNALLOCATED	25.3
MID-CAP	3.9

Stocks belong to which Index?

About 61.8% of the stocks held by Night Owl Capital Management, LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	60.2
Others	38.2
RUSSELL 2000	1.6

Top 5 Winners (%)		%
VST	vistra corp	65.0 %
AVGO	broadcom	61.5 %
CEG	constellation energy	60.1 %
CRS	carpenter technology	50.1 %
NFLX	netflix inc com	43.6 %

Top 5 Winners ($)		$
VST	vistra corp	16.5 M
MSFT	microsoft corp com	16.0 M
NFLX	netflix inc com	14.5 M
CEG	constellation energy	14.3 M
AMZN	amazon com inc com	9.3 M

Top 5 Losers (%)		%
AON	aon plc registered shs cl a	-10.6 %
UNP	union pacific corp.	-2.6 %

Top 5 Losers ($)		$
AON	aon plc registered shs cl a	-6.7 M
UNP	union pacific corp.	-0.8 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 31 stocks in it's portfolio. About 59.8% of the portfolio is in top 10 stocks. AON proved to be the most loss making stock for the portfolio. VST was the most profitable stock for Night Owl Capital Management, LLC last quarter.

Last Reported on: 14 Aug, 2025

	Ticker	Namesorted descending	% Portfolio	Shares Held	$ Value	Type	% Change
	AMZN	amazon com inc com	8.59	338,588	74,282,800	added	6.36
Historical Trend of AMAZON COM INC COM Position Held By Night Owl Capital Management, LLC What % of Portfolio is AMZN?: Number of AMZN shares held: Change in No. of Shares Held:
		sap se spon adr	8.54	242,973	73,888,100	added	3.02

	MSFT	microsoft corp com	8.46	147,011	73,124,500	added	11.95

	GOOG	alphabet inc cap stk cl c	6.50	316,696	56,178,800	reduced	-11.36

		ge vernova	5.40	88,243	46,693,800	reduced	-27.78

	UBER	uber technologies	4.73	438,323	40,895,500	added	3.05

	META	meta platforms inc cl a	4.63	54,282	40,065,000	added	3.2

	GE	ge aerospace	4.51	151,639	39,030,400	added	3.01

	AON	aon plc registered shs cl a	4.38	106,085	37,847,100	reduced	-33.09

	TSM	taiwan semiconductor mfg co sp	4.08	155,804	35,288,100	added	3.14

	V	visa inc com cl a	3.82	93,028	33,029,500	added	3.09

	NFLX	netflix inc com	3.66	23,664	31,689,200	reduced	-33.61

	MA	mastercard inc cl a	3.42	52,694	29,611,000	added	3.17

		fiserv	3.10	155,630	26,832,200	reduced	-44.64

	LIN	linde plc	2.75	50,664	23,770,500	added	2.99

	VST	vistra corp	2.58	115,037	22,295,300	reduced	-46.61

	CEG	constellation energy	2.43	65,134	21,022,600	reduced	-44.9

	WWD	woodward	2.23	78,871	19,330,500	new

	BIL	spdr bloomberg 1-3 month t-bil	2.18	205,795	18,877,600	added	140

	UNP	union pacific corp.	2.15	80,994	18,635,100	reduced	-41.04