13F HOLDINGS REPORT
Night Owl Capital Management, LLC
Quarter ended Q4 2025 · Filed February 13, 2026 · Accession 0001410833-26-000003
Total Value
$912.4M
Positions
29
Other Managers
0
Confidential Omitted
No
Holdings (29)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | ALPHABET INC CAP STK CL C | GOOG | 324,613 | $101.9M | 11.16% |
| 2 | MICROSOFT CORP COM | MSFT | 171,942 | $83.2M | 9.11% |
| 3 | AMAZON COM INC COM | AMZN | 262,874 | $60.7M | 6.65% |
| 4 | SAP SE SPON ADR | SAPGF | 247,552 | $60.1M | 6.59% |
| 5 | GE VERNOVA | GEV | 90,403 | $59.1M | 6.48% |
| 6 | META PLATFORMS INC CL A | META | 81,123 | $53.5M | 5.87% |
| 7 | TAIWAN SEMICONDUCTOR MFG CO SP | 874039100 | 159,593 | $48.5M | 5.32% |
| 8 | GE AEROSPACE | 369604301 | 154,584 | $47.6M | 5.22% |
| 9 | UNION PACIFIC CORP. | UNP | 184,768 | $42.7M | 4.68% |
| 10 | AON PLC REGISTERED SHS CL A | AON | 108,774 | $38.4M | 4.21% |
| 11 | WOODWARD | WWD | 124,385 | $37.6M | 4.12% |
| 12 | VISA INC COM CL A | V | 95,262 | $33.4M | 3.66% |
| 13 | MASTERCARD INC CL A | MA | 53,902 | $30.8M | 3.37% |
| 14 | BROADCOM | AVGO | 66,938 | $23.2M | 2.54% |
| 15 | NETFLIX INC COM | NFLX | 242,732 | $22.8M | 2.49% |
| 16 | GE HEALTHCARE TECHNOLOGIES INC | GEHC | 276,631 | $22.7M | 2.49% |
| 17 | LINDE PLC | LIN | 51,644 | $22.0M | 2.41% |
| 18 | SPDR BLOOMBERG 1-3 MONTH T-BIL | 78468R663 | 227,208 | $20.8M | 2.28% |
| 19 | SPOTIFY TECHNOLOGY SA | SPOT | 30,862 | $17.9M | 1.96% |
| 20 | HOWMET AEROSPACE | HWM | 81,703 | $16.8M | 1.84% |
| 21 | CARPENTER TECHNOLOGY | CRS | 52,084 | $16.4M | 1.80% |
| 22 | GUIDEWIRE SOFTWARE | GWRE | 80,920 | $16.3M | 1.78% |
| 23 | CONSTELLATION ENERGY | CEG | 36,212 | $12.8M | 1.40% |
| 24 | MERCADOLIBRE | MELI | 3,951 | $8.0M | 0.87% |
| 25 | COSTAR GROUP INC COM | CSGP | 108,615 | $7.3M | 0.80% |
| 26 | ISHARES 0-3 MONTH TREASURY BON | 46436E718 | 58,124 | $5.8M | 0.64% |
| 27 | ALPHABET INC. CL A | GOOG | 3,400 | $1.1M | 0.12% |
| 28 | BERKSHIRE HATHAWAY INC CL A | BRK-A | 1 | $754,800 | 0.08% |
| 29 | BERKSHIRE HATHAWAY INC CL B | BRK-A | 1,000 | $502,650 | 0.06% |