Night Owl Capital Management, LLC
Night Owl Capital Management, LLC reported 30 US-listed holdings worth $952.8 million in its 13F for the quarter ended 30 June 2026, filed 14 August 2026. Its largest: Alphabet Inc. (9.5%), Taiwan Semiconductor Manufacturing Company Limited (8.2%) and Microsoft Corp. (6.9%). Against the quarter before, it opened 2 positions, added to 22, trimmed 4 and sold out of 2.
The 14 largest of its 30 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What its reported holdings returned
Held through each quarter, the holdings it reported returned +34.8% over the 7 quarters to 30 June 2026, against +30.2% for the S&P 500.
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held
Opened 2
- Natera, Inc. NTRA$11.2 million
- Twist Bioscience Corp. TWST$4.7 million
Added to 22
- Applied Materials Inc. AMAT+59,582 shares · +209%
- SPDR Ser Trust BIL+90,023 shares · +35%
- iShares Trust SGOV+16,923 shares · +28%
- Taiwan Semiconductor Manufacturing Company Limited TSM+2,507 shares · +2%
- Woodward, Inc. WWD+2,147 shares · +2%
- General Electric Co. GE+2,371 shares · +2%
- Microsoft Corp. MSFT+2,362 shares · +1%
- Union Pacific Corp. UNP+3,197 shares · +2%
and 14 more in the table below
Trimmed 4
- GE Vernova Inc. GEV-40,282 shares · -63%
- Alphabet Inc. GOOG-70,413 shares · -22%
- SAP SE SAP-60,169 shares · -24%
- Constellation Energy Corp. CEG-12,230 shares · -34%
Sold out of 2
- Netflix Inc. NFLX$23.5 million last quarter
- Alphabet Inc. GOOGL$977,704 last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Alphabet Inc. GOOG | 256.3K | $90.6 million | 9.51% | -70.4K |
| Taiwan Semiconductor Manufacturing Company Limited TSM | 163.1K | $77.9 million | 8.18% | +2.5K |
| Microsoft Corp. MSFT | 175.4K | $65.4 million | 6.87% | +2.4K |
| Amazon.com Inc. AMZN | 268.3K | $63.9 million | 6.71% | +3.6K |
| Applied Materials Inc. AMAT | 88.1K | $63.7 million | 6.69% | +59.6K |
| General Electric Co. GE | 157.9K | $59.0 million | 6.19% | +2.4K |
| Woodward, Inc. WWD | 127.4K | $54.2 million | 5.69% | +2.1K |
| Union Pacific Corp. UNP | 189.2K | $51.5 million | 5.40% | +3.2K |
| Meta Platforms, Inc. META | 83.1K | $46.8 million | 4.91% | +1.4K |
| Aon plc AON | 111.0K | $36.8 million | 3.86% | +1.5K |
| Visa Inc. V | 97.0K | $33.3 million | 3.49% | +1.2K |
| Carpenter Technology Corp. CRS | 53.2K | $32.8 million | 3.45% | +797 |
| SPDR Ser Trust BIL | 345.5K | $31.7 million | 3.32% | +90.0K |
| SAP SE SAP | 188.8K | $29.1 million | 3.05% | -60.2K |
| GE Vernova Inc. GEV | 24.2K | $28.4 million | 2.98% | -40.3K |
| Mastercard Inc. MA | 54.9K | $28.2 million | 2.96% | +652 |
| Linde plc LIN | 52.7K | $27.4 million | 2.87% | +783 |
| Broadcom Inc. AVGO | 68.4K | $25.9 million | 2.71% | +1.0K |
| Howmet Aerospace Inc. HWM | 83.5K | $22.4 million | 2.36% | +1.2K |
| GE HealthCare Technologies Inc. GEHC | 283.3K | $18.1 million | 1.90% | +4.7K |
| Spotify Technology S.A. SPOT | 31.6K | $14.5 million | 1.52% | +528 |
| Natera, Inc. NTRA | 41.3K | $11.2 million | 1.18% | new |
| Guidewire Software, Inc. GWRE | 82.8K | $10.2 million | 1.07% | +1.4K |
| iShares Trust SGOV | 77.9K | $7.8 million | 0.82% | +16.9K |
| MercadoLibre, Inc. MELI | 4.1K | $6.9 million | 0.72% | +71 |
| Constellation Energy Corp. CEG | 24.2K | $6.0 million | 0.63% | -12.2K |
| Twist Bioscience Corp. TWST | 45.8K | $4.7 million | 0.49% | new |
| Costar Group, Inc. CSGP | 110.9K | $3.1 million | 0.33% | +1.6K |
| Berkshire Hathaway Inc. Del | 1 | $748,850 | 0.08% | no change |
| Berkshire Hathaway Inc. Class B BRKB | 1.0K | $500,390 | 0.05% | no change |