Night Owl Capital Management, LLC

Q1 2014 13F-HR Holdings

Location
Greenwich, CT
Holdings as of
3/31/2014
Date filed
5/15/2014
Form type
13F-HR
Num holdings
20
Total value ($000)
$225,661
Net value change ($000)
-1,695 (-0.7%)
New positions
2
Sold out positions
5
Turnover %
22.2%
Sector allocation + QoQ delta (equities-only)

Snapshot: Change Analysis

Compared to Q4 2013
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
ALPHABET INC CL C 21,268 NEW
CPAY 5,967 NEW
FAST 4,023 63.0%
ECL 793 4.7%
DUNKIN' BRANDS GROUP, INC. 774 5.2%
BOOKING HLDGS INC 740 6.6%
Tesuji Partners, LLC 718 11.6%
AON 133 0.9%
EBAY 125 0.8%
TMO 51 8.0%
Top Reduces (Value $000, Stocks/ETFs)
Alphabet Inc. Class C -21,519 -100.0%
ORCL -6,528 -51.9%
TWENTY FIRST CENTY FOX INC -1,605 -9.5%
MA -1,403 -8.9%
SBH -1,072 -8.7%
V -1,045 -4.5%
DG -902 -6.2%
SBUX -619 -5.9%
BRK-B -534 -100.0%
WBD -387 -6.4%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type