Equal-WT
WhaleScore 2.0
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NIGHT OWL CAPITAL MANAGEMENT, LLC
GREENWICH CT
Investment Advisor
Hedge Fund
Night OWL Capital Management is based out of Greenwich. Night OWL Capital Management is a hedge fund with 162 clients and discretionary assets under management (AUM) of $652,700,000 (Form ADV from 2024-07-02). Their last reported 13F filing for Q3 2024 included $731,219,915 in managed 13F securities
and a top 10 holdings concentration of 64.04%. Night OWL Capital Management's largest holding is Amazon.com Inc with shares held of 302,737. Whalewisdom has at least 68 13F filings
Business Description
Night Owl Capital Management, LLC (Night Owl Capital) is an independent, privately-held Delaware limited liability company that has been an SEC-registered investment advisor since 1993. The principal owners of Night Owl Capital are John Kim (the “Portfolio Manager”) and Eileen Ohnell. They provide investment management services to both separately managed accounts and private investment funds (e.g., hedge funds).
Night Owl Capital seeks to execute transactions through brokers who can provide the best execution of a given order and supply research services used in the investment decision-making process. The only commission premiums paid are for proprietary research and research conferences provided by a select number of brokers. In addition, they may at times allocate commissions between an execution broker or outsourced trading broker and a broker providing research in order to ensure both best execution and to compensate brokers for helpful research.
Investment Strategy
The investment strategy focuses on long-term investments and concentrated portfolios. The portfolio typically holds 15-25 companies with an average position size of 3-5%. The investment team seeks superior businesses with proven business models, sustainable competitive advantages, and attractive growth opportunities. They estimate the intrinsic value of companies using a discounted free cash flow analysis and wait for the market to provide an opportunity to buy shares below this intrinsic value.
The portfolio may include a range of securities, including domestic and foreign equity securities, warrants, corporate debt securities, commercial paper, certificates of deposit, municipal and United States government securities, mutual funds, and options. There are risks associated with investing in securities, including the risk of loss. The value of an investment may be affected by various factors, including market fluctuations, changes in interest rates, and economic conditions.
Owners
- OHNELL, EILEEN, HONOR - PRESIDENT - CHIEF COMPLIANCE OFFICER
- KIM, JOHN, SANG-HYUN - PORTFOLIO MANAGER Click on the Ownership/Private Fund Data tab for more details.
Other Contact Information
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2024-09-30
Top Buys (13F)
Name | % Change |
---|---|
FI Fiserv, Inc | 1.83% |
CEG Constellation Energy | 1.22% |
GEV GE Vernova Inc | 0.79% |
VST Vistra Corp | 0.75% |
AON Aon PLC | 0.69% |

2024-09-30
Top Sells (13F)
Name | % Change |
---|---|
V VISA Inc | 1.69% |
FND Floor & Decor Holdin | 1.31% |
MA Mastercard Inc | 0.77% |

2024-09-30
13F Holdings Summary
Name | $ Change |
---|---|
AMZN Amazon.com Inc | 7.71% |
GOOG Alphabet Inc. Class | 7.69% |
MSFT Microsoft Corporatio | 7.26% |
SAP Sap SE | 6.92% |
AON Aon PLC | 6.9% |

2024-09-30
13F Activity
Market Value | $0.73b, Prior: $0.67b |
Inflows (Outflows) as % of Total MV | +0.7291% |
New Purchases | 1 stocks |
Added To | 21 stocks |
Sold out of | 1 stocks |
Reduced holdings in | 2 stocks |
Top 10 Holdings % | 64.04% |
Turnover %[1] | 7.14% |
Turnover Alt %[2] | 3.38% |
Time Held Top 20 | 17.15 quarters |
Time Held Top 10 | 14.1 quarters |
Time Held All | 17.48 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.

2024-09-30
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data

2024-09-30
Analysis

Top 20 equal-weighted holdings. Performance numbers calculated through 2024-09-30