Q4 2025 · 13F-HR
Night Owl Capital Management, LLCholdings as filed
Filed 2026-02-13 · accession 0001410833-26-000003
$912.4M
Reported value
29
Positions
2025-12-31
Period end
The Brief · Night Owl Capital Management, LLC · Q4 2025
AI · grounded in 13F
Night Owl Capital Management, LLC closed its position in UBER, reducing exposure by $43.29M. The fund also exited VST with a $22.76M sale and trimmed its holding in CEG by 44.95%. On the buy side, the manager established a new position in GEHC worth $22.69M and increased its stake in META by 24.39%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 02079K107 | GOOG | ALPHABET INC CAP STK CL C | $101.9M | 11.2% | 324,613 | Common | NONE |
| 594918104 | MSFT | MICROSOFT CORP COM | $83.2M | 9.11% | 171,942 | Common | NONE |
| 023135106 | AMZN | AMAZON COM INC COM | $60.7M | 6.65% | 262,874 | Common | NONE |
| 803054204 | SAP | SAP SE SPON ADR | $60.1M | 6.59% | 247,552 | Common | NONE |
| 36828A101 | GEV | GE VERNOVA | $59.1M | 6.48% | 90,403 | Common | NONE |
| 30303M102 | META | META PLATFORMS INC CL A | $53.5M | 5.87% | 81,123 | Common | NONE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG CO SP | $48.5M | 5.32% | 159,593 | Common | NONE |
| 369604301 | GE | GE AEROSPACE | $47.6M | 5.22% | 154,584 | Common | NONE |
| 907818108 | UNP | UNION PACIFIC CORP. | $42.7M | 4.68% | 184,768 | Common | NONE |
| G0403H108 | AON | AON PLC REGISTERED SHS CL A | $38.4M | 4.21% | 108,774 | Common | NONE |
| 980745103 | WWD | WOODWARD | $37.6M | 4.12% | 124,385 | Common | NONE |
| 92826C839 | V | VISA INC COM CL A | $33.4M | 3.66% | 95,262 | Common | NONE |
| 57636Q104 | MA | MASTERCARD INC CL A | $30.8M | 3.37% | 53,902 | Common | NONE |
| 11135F101 | AVGO | BROADCOM | $23.2M | 2.54% | 66,938 | Common | NONE |
| 64110L106 | NFLX | NETFLIX INC COM | $22.8M | 2.49% | 242,732 | Common | NONE |
| 36266G107 | GEHC | GE HEALTHCARE TECHNOLOGIES INC | $22.7M | 2.49% | 276,631 | Common | NONE |
| G54950103 | LIN | LINDE PLC | $22.0M | 2.41% | 51,644 | Common | NONE |
| 78468R663 | BIL | SPDR BLOOMBERG 1-3 MONTH T-BIL | $20.8M | 2.28% | 227,208 | Common | SOLE |
| L8681T102 | SPOT | SPOTIFY TECHNOLOGY SA | $17.9M | 1.96% | 30,862 | Common | NONE |
| 443201108 | HWM | HOWMET AEROSPACE | $16.8M | 1.84% | 81,703 | Common | NONE |
| 144285103 | CRS | CARPENTER TECHNOLOGY | $16.4M | 1.80% | 52,084 | Common | NONE |
| 40171V100 | GWRE | GUIDEWIRE SOFTWARE | $16.3M | 1.78% | 80,920 | Common | NONE |
| 21037T109 | CEG | CONSTELLATION ENERGY | $12.8M | 1.40% | 36,212 | Common | NONE |
| 58733r102 | — | MERCADOLIBRE | $8.0M | 0.87% | 3,951 | Common | NONE |
| 22160N109 | CSGP | COSTAR GROUP INC COM | $7.3M | 0.80% | 108,615 | Common | NONE |
| 46436E718 | SGOV | ISHARES 0-3 MONTH TREASURY BON | $5.8M | 0.64% | 58,124 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC. CL A | $1.1M | 0.12% | 3,400 | Common | NONE |
| 084670108 | BRK/A | BERKSHIRE HATHAWAY INC CL A | $754,800 | 0.08% | 1 | Common | NONE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY INC CL B | $502,650 | 0.06% | 1,000 | Common | NONE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.