Night Owl Capital Management, LLC 13F: Quarter-over-Quarter Portfolio Changes
Night Owl Capital Management, LLC reported a disclosed portfolio value of approximately $858.0 million in its latest SEC Form 13F-HR filing for Q1 2026, down 6.0% quarter on quarter. Over the quarter, the fund initiated 1 new position, bought more shares in 25 holdings, and trimmed 1 holding.
Night Owl Capital Management, LLC's top buy was a new stake in Applied Matls INC (AMAT) , equal to 1.1% of the disclosed portfolio. Its top sell was Ge Vernova INC (GEV) . The fund sold 28.7% of its previously reported shares, reducing the position's portfolio weight by 0.1 percentage points.
New PositionsQ1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| APPLIED MATLS INC | AMAT | 1.1% | Holders → |
Top BuysQ1 2026
Showing the top 10 buys among 25 existing positions where the fund bought more shares in Q1 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| SPDR BLOOMBERG 1-3 MONTH T-BIL | BIL | +0.5% | +12.4% | Holders → |
| ISHARES 0-3 MONTH TREASURY BON | SGOV | +0.1% | +5.0% | Holders → |
| MERCADOLIBRE INC | MELI | +-0.1% | +0.8% | Holders → |
| CONSTELLATION ENERGY | CEG | +-0.2% | +0.7% | Holders → |
| META PLATFORMS INC | META | +-0.4% | +0.7% | History → |
| GE HEALTHCARE TECHNOLOGIES INC | GEHC | +-0.2% | +0.7% | Holders → |
| BROADCOM | AVGO | +-0.1% | +0.7% | Holders → |
| WOODWARD INC | WWD | +1.1% | +0.7% | History → |
| AMAZON.COM | AMZN | +-0.2% | +0.7% | History → |
| MICROSOFT | MSFT | +-1.6% | +0.7% | History → |
Top SellsQ1 2026
The fund's top sells among positions it retained in Q1 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| GE VERNOVA INC | GEV | 0.1% | 28.7% | History → |
Net Portfolio Value ChangeQ1 2026
- $0.9BPrior quarter
- $0.9BCurrent quarter
- $-0.1BNet delta
- -6.0%% change
Methodology & FAQ
How Night Owl Capital Management, LLC Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for Night Owl Capital Management, LLC: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description — including how confidential treatment filings are handled — is documented in the Methodology.
What stocks did Night Owl Capital Management, LLC buy in Q1 2026?
In Q1 2026, Night Owl Capital Management, LLC initiated 1 new position (APPLIED MATLS INC (AMAT)); bought more shares of SPDR BLOOMBERG 1-3 MONTH T-BIL (BIL), ISHARES 0-3 MONTH TREASURY BON (SGOV), MERCADOLIBRE INC (MELI), CONSTELLATION ENERGY (CEG), META PLATFORMS INC (META) — the largest 5 of 25 adds.
What stocks did Night Owl Capital Management, LLC sell in Q1 2026?
In Q1 2026, Night Owl Capital Management, LLC reduced holdings in GE VERNOVA INC (GEV).
Which positions did Night Owl Capital Management, LLC initiate in Q1 2026?
Night Owl Capital Management, LLC established 1 new position in Q1 2026: APPLIED MATLS INC (AMAT, 1.1%).
Which existing positions saw the largest allocation increases for Night Owl Capital Management, LLC in Q1 2026?
Of 25 existing positions with share-count increases in Q1 2026, the largest were: SPDR BLOOMBERG 1-3 MONTH T-BIL (BIL, +0.5% weight, +12.4% shares), ISHARES 0-3 MONTH TREASURY BON (SGOV, +0.1% weight, +5.0% shares), MERCADOLIBRE INC (MELI, +-0.1% weight, +0.8% shares), CONSTELLATION ENERGY (CEG, +-0.2% weight, +0.7% shares), META PLATFORMS INC (META, +-0.4% weight, +0.7% shares), GE HEALTHCARE TECHNOLOGIES INC (GEHC, +-0.2% weight, +0.7% shares), BROADCOM (AVGO, +-0.1% weight, +0.7% shares), WOODWARD INC (WWD, +1.1% weight, +0.7% shares), AMAZON.COM (AMZN, +-0.2% weight, +0.7% shares), MICROSOFT (MSFT, +-1.6% weight, +0.7% shares).
Which positions did Night Owl Capital Management, LLC fully exit in Q1 2026?
Night Owl Capital Management, LLC fully exited no positions in Q1 2026.
Which existing positions saw the largest allocation reductions for Night Owl Capital Management, LLC in Q1 2026?
Of 1 existing position with share-count reductions in Q1 2026, the largest were: GE VERNOVA INC (GEV, 0.1% weight, -28.7% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.