Night Owl Capital Management, LLC Q4 2025 Filing

Filed February 13, 2026

Portfolio Value

$912.4M

Holdings

29

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (29 positions)

#StockSharesValue% PortfolioType
1
GOOGALPHABET INC CAP STK CL C
324,613$101.9M11.16%
2
MSFTMICROSOFT CORP COM
171,942$83.2M9.11%
3
AMZNAMAZON COM INC COM
262,874$60.7M6.65%
4
SAPSAP SE SPON ADR
247,552$60.1M6.59%
5
GEVGE VERNOVA
90,403$59.1M6.48%
6
METAMETA PLATFORMS INC CL A
81,123$53.5M5.87%
7
TSMTAIWAN SEMICONDUCTOR MFG CO SP
159,593$48.5M5.32%
8
GEGE AEROSPACE
154,584$47.6M5.22%
9
UNPUNION PACIFIC CORP.
184,768$42.7M4.68%
10
AONAON PLC REGISTERED SHS CL A
108,774$38.4M4.21%
11
WWDWOODWARD
124,385$37.6M4.12%
12
VVISA INC COM CL A
95,262$33.4M3.66%
13
MAMASTERCARD INC CL A
53,902$30.8M3.37%
14
AVGOBROADCOM
66,938$23.2M2.54%
15
NFLXNETFLIX INC COM
242,732$22.8M2.49%
16
GEHCGE HEALTHCARE TECHNOLOGIES INC
276,631$22.7M2.49%
17
LINLINDE PLC
51,644$22.0M2.41%
18
BILSPDR BLOOMBERG 1-3 MONTH T-BIL
227,208$20.8M2.28%
19
SPOTSPOTIFY TECHNOLOGY SA
30,862$17.9M1.96%
20
HWMHOWMET AEROSPACE
81,703$16.8M1.84%
21
CRSCARPENTER TECHNOLOGY
52,084$16.4M1.80%
22
GWREGUIDEWIRE SOFTWARE
80,920$16.3M1.78%
23
CEGCONSTELLATION ENERGY
36,212$12.8M1.40%
24
MELIMERCADOLIBRE
3,951$8.0M0.87%
25
CSGPCOSTAR GROUP INC COM
108,615$7.3M0.80%
26
SGOVISHARES 0-3 MONTH TREASURY BON
58,124$5.8M0.64%
27
GOOGLALPHABET INC. CL A
3,400$1.1M0.12%
28
BRK-BBERKSHIRE HATHAWAY INC CL A
1$754K0.08%
29
BRK/BBERKSHIRE HATHAWAY INC CL B
1,000$502K0.06%