Night Owl Capital Management, LLC
Sector Allocation
- Technology48.7%$463.8M
- Industrials14.9%$142.0M
- Financials10.4%$99.5M
- Materials8.7%$82.6M
- Consumer Discretionary7.4%$70.8M
- Other4.2%$39.5M
- Healthcare3.6%$34.0M
- Communication Services1.5%$14.5M
- Utilities0.6%$6.0M
AUM History
13fpro.ai/research/fund/night-owl-capital-management-llc-1410833
Conviction and streaks
Stable · top 10 = 64.0%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
GOOG
$90.6MTSM
$77.9MMSFT
$65.4MAMZN
$63.9MAMAT
$63.7MGE
$59.0MWWD
$54.2MUNP
$51.5MMETA
$46.8MAON
$36.8MV
$33.3MCRS
$32.8M- SPDR$31.7M
SAP
$29.1MGEV
$28.4MMA
$28.2MLIN
$27.4MAVGO
$25.9MHWM
$22.4MGEHC
$18.1M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/night-owl-capital-management-llc-1410833
Night Owl Capital Management, LLC 13F holdings — Q2 2026
$952.8M portfolio (+11.1% QoQ) · 30 holdings · Q2 2026 13F · top 10 are 64% of the stock portfolio
$90.6M
9.5% of stocks
-22%This quarter—Since Q-end—HeldAIQuality77.7#62Est. buy—$77.9M
8.2% of stocks
+2%This quarter—Since Q-end—HeldAIQuality—Est. buy—$65.4M
6.9% of stocks
+1%This quarter—Since Q-end—HeldAIQuality79.8#32Est. buy—$63.9M
6.7% of stocks
+1%This quarter—Since Q-end—HeldAIQuality67.5#363Est. buy—$63.7M
6.7% of stocks
+209%This quarter—Since Q-end—HeldAIQuality71.6#176Est. buy—$59.0M
6.2% of stocks
+2%This quarter—Since Q-end—Held$54.2M
5.7% of stocks
+2%This quarter—Since Q-end—Held$51.5M
5.4% of stocks
+2%This quarter—Since Q-end—Held$46.8M
4.9% of stocks
+2%This quarter—Since Q-end—Held$36.8M
3.9% of stocks
+1%This quarter—Since Q-end—HeldAIQuality—Est. buy—
| # | Company | Value | Weight | This quarter | Since Q-end | Held | AI quality | Est. buy | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | $90.6M | 9.5% | -22% | — | — | 77.7#62 | — | ||
| 2 | $77.9M | 8.2% | +2% | — | — | — | — | ||
| 3 | $65.4M | 6.9% | +1% | — | — | 79.8#32 | — | ||
| 4 | $63.9M | 6.7% | +1% | — | — | 67.5#363 | — | ||
| 5 | $63.7M | 6.7% | +209% | — | — | 71.6#176 | — | ||
| 6 | $59.0M | 6.2% | +2% | — | — | AI quality score is Pro: unlock with a free trial | — | ||
| 7 | $54.2M | 5.7% | +2% | — | — | AI quality score is Pro: unlock with a free trial | — | ||
| 8 | $51.5M | 5.4% | +2% | — | — | AI quality score is Pro: unlock with a free trial | — | ||
| 9 | $46.8M | 4.9% | +2% | — | — | AI quality score is Pro: unlock with a free trial | — | ||
| 10 | $36.8M | 3.9% | +1% | — | — | — | — |
All holdings — Night Owl Capital Management, LLC (Q2 2026)
30 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | VISA INC. | Financials | $33.3M | 3.5% | 97K | +1% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | CARPENTER TECHNOLOGY CORP | Materials | $32.8M | 3.5% | 53K | +2% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | — | SPDR BLOOMBERG 1-3 MONTH T-BIL - TR UNITetf/fund | — | $31.7M | 3.3% | 345K | +35% | — | — | 13F |
| 14 | SAP SEadr | Technology | $29.1M | 3.0% | 189K | -24% | — | — | 13F | |
| 15 | GE Vernova Inc. | Industrials | $28.4M | 3.0% | 24K | -63% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | Mastercard Inc | Financials | $28.2M | 3.0% | 55K | +1% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | LINDE PLC | Materials | $27.4M | 2.9% | 53K | +2% | — | — | 13F | |
| 18 | Broadcom Inc. | Technology | $25.9M | 2.7% | 68K | +2% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | Howmet Aerospace Inc. | Materials | $22.4M | 2.4% | 83K | +2% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | GE HealthCare Technologies Inc. | Healthcare | $18.1M | 1.9% | 283K | +2% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | Spotify Technology S.A. | Communication Services | $14.5M | 1.5% | 32K | +2% | — | — | 13F | |
| 22 | Natera, Inc. | Healthcare | $11.2M | 1.2% | 41K | New | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | Guidewire Software, Inc. | Technology | $10.2M | 1.1% | 83K | +2% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | — | ISHARES 0-3 MONTH TREASURY BON - TR UNITetf/fund | — | $7.8M | 0.8% | 78K | +28% | — | — | 13F |
| 25 | MERCADOLIBRE INC | Consumer Discretionary | $6.9M | 0.7% | 4,052 | +2% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $CEG | Constellation Energy Corp | Utilities | $6.0M | 0.6% | 24K | -34% | |||
| 27 | $TWST | Twist Bioscience Corp | Healthcare | $4.7M | 0.5% | 46K | New | |||
| 28 | $CSGP | COSTAR GROUP, INC. | Industrials | $3.1M | 0.3% | 111K | +1% | |||
| 29 | $BRK.A | BERKSHIRE HATHAWAY INC | Financials | $749K | 0.1% | 1 | — | |||
| 30 | $BRK.B | BERKSHIRE HATHAWAY INC | Financials | $500K | 0.1% | 1,000 | — |
What changed in Q2 2026
Against the previous quarter's 13F: 2 new, 22 added to, 4 trimmed, 1 sold out. Share-count changes; largest moves by dollar size first.
New positions (2)
Added to (22)
now $63.7M
- SPDR BLOOMBERG 1-3 MONTH T-BIL - TR UNIT+35%
now $31.7M
- ISHARES 0-3 MONTH TREASURY BON - TR UNIT+28%
now $7.8M
now $77.9M
now $54.2M
now $59.0M
+16 more in the Excel export
Trimmed (4)
Sold out (1)
$NFLXNETFLIX INCwas $23.5M
held 9+ qtrs
Holdings by quarter
Every 13F Night Owl Capital Management, LLC has filed, 36 earlier quarters. Pick one to see what it held then.
Portfolio Overview
Night Owl Capital Management, LLC disclosed 30 positions worth $952.8M in its Form 13F-HR for Q2 2026, led by $GOOG (Alphabet Inc.) at 9.5% of the equity portfolio, followed by $TSM and $MSFT. During the quarter the fund opened 2 new positions and exited 1 — including a new stake in $NTRA and a full exit from $NFLX. The portfolio is most concentrated in Technology (48.7% of disclosed assets). All figures are sourced directly from Night Owl Capital Management, LLC’s Form 13F-HR filing with the SEC under CIK 1410833.
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AI-Powered Hedge Fund Analysis: Night Owl Capital Management, LLC
13F Pro is an AI hedge fund tracker and stock research platform. For Night Owl Capital Management, LLC (SEC CIK: 1410833), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.
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