{
  "crd_number": 106030,
  "slug": "night-owl-capital-management-llc-greenwich-ct-106030",
  "primary_business_name": "NIGHT OWL CAPITAL MANAGEMENT, LLC",
  "legal_name": "NIGHT OWL CAPITAL MANAGEMENT, LLC",
  "dbas": [],
  "city": "Greenwich",
  "state": "CT",
  "country": "United States",
  "cbsa_code": "14860",
  "metro": {
    "cbsa_code": "14860",
    "common_name": "Bridgeport",
    "msa_name": "Bridgeport-Stamford-Danbury, CT",
    "path": "/advisors/ct/bridgeport"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1993-12-06",
  "years_registered": 32,
  "period": "2026-10-01",
  "filing_date": "2026-03-31",
  "carried_forward": false,
  "raum_total": 1095200000.0,
  "raum_discretionary": 1095200000.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 8,
  "advisory_employees": 6,
  "client_count_bucket": null,
  "clients_by_type": {
    "charitable": {
      "raum": 51100000.0,
      "count": 3
    },
    "individuals": {
      "raum": 24500000.0,
      "count": 53
    },
    "insurance_companies": {
      "raum": 4800000.0,
      "count": 1
    },
    "high_net_worth_individuals": {
      "raum": 718500000.0,
      "count": 143
    },
    "pooled_investment_vehicles": {
      "raum": 221700000.0,
      "count": 2
    },
    "corporations_other_businesses": {
      "raum": 74600000.0,
      "count": 17
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "CO",
    "CT",
    "FL",
    "LA",
    "MA",
    "NC",
    "NJ",
    "NY",
    "PA",
    "SC",
    "TX"
  ],
  "websites": [
    "https://nightowlcapital.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/106030",
  "city_as_filed": "GREENWICH",
  "url": "https://advisorcensus.com/firm/night-owl-capital-management-llc-greenwich-ct-106030",
  "display_name": "Night Owl Capital Management, LLC",
  "summary": "Night Owl Capital Management, LLC is an SEC-registered investment advisory firm in Greenwich, CT, registered since 1993, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.",
  "citation": "AdvisorCensus. Night Owl Capital Management, LLC (CRD 106030): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Night Owl Capital Management, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Night Owl Capital Management, LLC reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "Where is Night Owl Capital Management, LLC located?",
      "a": "Night Owl Capital Management, LLC's principal office is in Greenwich, CT, according to its Form ADV."
    },
    {
      "q": "Is Night Owl Capital Management, LLC registered with the SEC or a state?",
      "a": "Night Owl Capital Management, LLC is an SEC-registered investment advisory firm, registered since 1993. Status as filed: Approved. CRD 106030."
    },
    {
      "q": "How much does Night Owl Capital Management, LLC manage?",
      "a": "Night Owl Capital Management, LLC reports $1,095,200,000 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary)."
    },
    {
      "q": "How have Night Owl Capital Management, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Night Owl Capital Management, LLC: Regulatory assets under management: $1,103,943,810 in the October 2021 data and $1,095,200,000 in the October 2026 data, down 1%. Total employees: 7 in October 2021 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Night Owl Capital Management, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (143); individuals (other than high net worth individuals) (53); corporations or other businesses not listed above (17)."
    },
    {
      "q": "Which custodians does Night Owl Capital Management, LLC use?",
      "a": "Night Owl Capital Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Fidelity Brokerage Services LLC and Wells Fargo Clearing Services, LLC as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Night Owl Capital Management, LLC report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/106030"
    },
    {
      "q": "What changed in Night Owl Capital Management, LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 5 to 6. Regulatory assets under management went from $865,800,000 to $1,095,200,000 (+26%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 1103943810.0,
      "total_employees": 7,
      "filing_date": "2021-08-03"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 696900000.0,
      "total_employees": 8,
      "filing_date": "2022-03-02"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 534100000.0,
      "total_employees": 9,
      "filing_date": "2023-05-10"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 652700000.0,
      "total_employees": 9,
      "filing_date": "2024-07-02"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 865800000.0,
      "total_employees": 7,
      "filing_date": "2025-03-25"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1095200000.0,
      "total_employees": 8,
      "filing_date": "2026-03-31"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 5 to 6.",
        "Regulatory assets under management went from $865,800,000 to $1,095,200,000 (+26%)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Fidelity Brokerage Services LLC",
      "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC",
      "affiliated": false
    },
    {
      "name": "Wells Fargo Clearing Services, LLC",
      "name_as_filed": "WELLS FARGO CLEARING SERVICES, LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/night-owl-capital-management-llc-greenwich-ct-106030.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 53,
      "fewer_than_5": false,
      "raum": 24500000.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 143,
      "fewer_than_5": false,
      "raum": 718500000.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 2,
      "fewer_than_5": false,
      "raum": 221700000.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 3,
      "fewer_than_5": false,
      "raum": 51100000.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 1,
      "fewer_than_5": false,
      "raum": 4800000.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 17,
      "fewer_than_5": false,
      "raum": 74600000.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/106030",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}