Night Owl Capital Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Night Owl Capital Management, LLC reported 29 stock positions worth $912.4 million. Its top holding was Alphabet Class C (GOOG) at 11.2% of the portfolio, followed by Microsoft (MSFT, 9.1%) and Amazon.com (AMZN, 6.7%). Compared with Q3 2025, it opened 1 new position, sold out of 2, added to 23 and reduced 2. The biggest buy was Alphabet Class C (GOOG, shares +2%) and the biggest sale an exit from Uber Technologies (UBER).
- Most Recent 13F
- Q2 2026
- Location
- GREENWICH, CT
- CIK
- 0001410833
- Portfolio Value
- $912.4M (Q4 2025)
- SEC Filing
- 0001410833-26-000003 ↗ filed Feb 13, 2026
Holdings Value
Holdings 29 stocks · $912.4M
| GOOG Alphabet Inc. Class C | 11.16% | 324,613 | $101.9M | Add +1.7% |
| MSFT Microsoft Corp. | 9.11% | 171,942 | $83.2M | Add +16.0% |
| AMZN Amazon.com Inc. | 6.65% | 262,874 | $60.7M | Add +1.7% |
| SAP Sap SE-Sponsored ADR | 6.59% | 247,552 | $60.1M | Add +1.0% |
| GEV GE Vernova Inc. | 6.48% | 90,403 | $59.1M | Add +1.6% |
| META Meta Platforms Inc. Class A | 5.87% | 81,123 | $53.5M | Add +24.4% |
| TSM Taiwan Semiconductor-SP ADR | 5.32% | 159,593 | $48.5M | Add +1.4% |
| GE General Electric filed as GE AEROSPACE | 5.22% | 154,584 | $47.6M | Add +1.1% |
| UNP Union Pacific Corp. | 4.68% | 184,768 | $42.7M | Add +1.6% |
| AON Aon PLC Class A | 4.21% | 108,774 | $38.4M | Add +1.6% |
| WWD Woodward Inc. | 4.12% | 124,385 | $37.6M | Add +1.6% |
| V Visa Inc. Class A | 3.66% | 95,262 | $33.4M | Add +1.5% |
| MA Mastercard Inc. Class A | 3.37% | 53,902 | $30.8M | Add +1.5% |
| AVGO Broadcom Inc. | 2.54% | 66,938 | $23.2M | Add +1.3% |
| NFLX Netflix Inc. | 2.49% | 242,732 | $22.8M | Add +1.6% |
| GEHC GE Healthcare Technology | 2.49% | 276,631 | $22.7M | New |
| LIN Linde PLC | 2.41% | 51,644 | $22.0M | Add +1.1% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 2.28% | 227,208 | $20.8M | Add +21.9% |
| SPOT Spotify Technology SA | 1.96% | 30,862 | $17.9M | Add +1.7% |
| HWM Howmet Aerospace Inc. | 1.84% | 81,703 | $16.8M | Add +1.5% |
| CRS Carpenter Technology | 1.80% | 52,084 | $16.4M | Add +1.5% |
| GWRE Guidewire Software Inc. | 1.78% | 80,920 | $16.3M | Add +1.7% |
| CEG Constellation Energy | 1.40% | 36,212 | $12.8M | Reduce -45.0% |
| MELI MercadoLibre Inc. | 0.87% | 3,951 | $8.0M | Add +1.6% |
| CSGP Costar Group Inc. | 0.80% | 108,615 | $7.3M | Add +0.8% |
| SGOV iShares 0-3 Month Treasury B | 0.64% | 58,124 | $5.8M | Reduce -3.0% |
| GOOGL Alphabet Inc. Class A | 0.12% | 3,400 | $1.1M | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 0.08% | 1 | $755K | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.06% | 1,000 | $503K | No change |
Portfolio Sells Q3 2025 → Q4 2025
Portfolio Buys Q3 2025 → Q4 2025
| GOOG Alphabet Inc. Class C | Add +1.7% | 11.16% | +2.69 |
| GEHC GE Healthcare Technology | New | 2.49% | +2.49 |
| WWD Woodward Inc. | Add +1.6% | 4.12% | +0.75 |
| MSFT Microsoft Corp. | Add +16.0% | 9.11% | +0.74 |
| META Meta Platforms Inc. Class A | Add +24.4% | 5.87% | +0.65 |
| TSM Taiwan Semiconductor-SP ADR | Add +1.4% | 5.32% | +0.53 |
| GEV GE Vernova Inc. | Add +1.6% | 6.48% | +0.51 |
| AMZN Amazon.com Inc. | Add +1.7% | 6.65% | +0.46 |
| CRS Carpenter Technology | Add +1.5% | 1.80% | +0.42 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +21.9% | 2.28% | +0.41 |
| GE General Electric | Add +1.1% | 5.22% | +0.21 |
| V Visa Inc. Class A | Add +1.5% | 3.66% | +0.17 |
| AVGO Broadcom Inc. | Add +1.3% | 2.54% | +0.16 |
| HWM Howmet Aerospace Inc. | Add +1.5% | 1.84% | +0.11 |
| MA Mastercard Inc. Class A | Add +1.5% | 3.37% | +0.08 |
| AON Aon PLC Class A | Add +1.6% | 4.21% | +0.05 |
| UNP Union Pacific Corp. | Add +1.6% | 4.68% | −0.00 |
| MELI MercadoLibre Inc. | Add +1.6% | 0.87% | −0.12 |
| CSGP Costar Group Inc. | Add +0.8% | 0.80% | −0.19 |
| GWRE Guidewire Software Inc. | Add +1.7% | 1.78% | −0.21 |
| LIN Linde PLC | Add +1.1% | 2.41% | −0.23 |
| SPOT Spotify Technology SA | Add +1.7% | 1.96% | −0.35 |
| SAP Sap SE-Sponsored ADR | Add +1.0% | 6.59% | −0.55 |
| NFLX Netflix Inc. | Add +1.6% | 2.49% | −0.63 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 30 | $952.8M | GOOG, TSM, MSFT, AMZN, AMAT |
| Q1 2026 | 30 | $858.0M | GOOG, MSFT, GEV, AMZN, TSM |
| Q4 2025 | 29 | $912.4M | GOOG, MSFT, AMZN, SAP, GEV |
| Q3 2025 | 30 | $917.3M | GOOG, MSFT, SAP, AMZN, GEV |
| Q2 2025 | 31 | $864.8M | AMZN, SAP, MSFT, GOOG, GEV |
| Q1 2025 | 28 | $800.0M | SAP, AON, FISV, AMZN, GOOG |
| Q4 2024 | 28 | $774.2M | AMZN, GOOG, SAP, FISV, AON |
| Q3 2024 | 27 | $731.2M | AMZN, GOOG, MSFT, SAP, AON |
| Q2 2024 | 27 | $668.4M | GOOG, AMZN, MSFT, SAP, AON |
| Q1 2024 | 29 | $658.7M | AMZN, MSFT, GOOG, AON, SAP |