Polen Capital Management 13F, Q3 2023
Polen Capital · quarter ending 30 September 2023 · filed 13 November 2023 · SEC CIK 1034524
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q3 2023
The 25 largest of 99 positions. Weights are against the whole filed book. Changes are in shares held, against the Q2 2023 filing.
| Company | Ticker | Value | % of book | vs Q2 2023 |
|---|---|---|---|---|
| AMAZON COM INC | AMZN | $4.75B | 12.5% | -12% shares |
| ALPHABET INC | GOOG | $2.57B | 6.8% | -4% shares |
| NETFLIX INC | NFLX | $2.43B | 6.4% | -3% shares |
| MICROSOFT CORP | MSFT | $2.26B | 5.9% | -4% shares |
| SERVICENOW INC | NOW | $2.23B | 5.9% | -5% shares |
| ADOBE INC | ADBE | $2.20B | 5.8% | -7% shares |
| MASTERCARD INCORPORATED | MA | $1.90B | 5.0% | -4% shares |
| VISA INC | V | $1.74B | 4.6% | -4% shares |
| SALESFORCE INC | CRM | $1.55B | 4.1% | -3% shares |
| ACCENTURE PLC IRELAND | $1.53B | 4.0% | -3% shares | |
| AIRBNB INC | ABNB | $1.52B | 4.0% | -4% shares |
| ABBOTT LABS | ABT | $1.31B | 3.4% | -3% shares |
| UNITEDHEALTH GROUP INC | UNH | $1.28B | 3.4% | -4% shares |
| PAYPAL HLDGS INC | PYPL | $1.27B | 3.3% | -2% shares |
| AUTODESK INC | ADSK | $1.11B | 2.9% | -2% shares |
| THERMO FISHER SCIENTIFIC INC | TMO | $1.09B | 2.9% | -4% shares |
| ZOETIS INC | ZTS | $898.41M | 2.4% | -4% shares |
| WORKDAY INC | WDAY | $848.73M | 2.2% | +2% shares |
| NOVO-NORDISK A S | NVO | $718.99M | 1.9% | new |
| ILLUMINA INC | ILMN | $703.78M | 1.9% | unchanged |
| GARTNER INC | IT | $658.08M | 1.7% | unchanged |
| NIKE INC | NKE | $588.76M | 1.6% | -3% shares |
| ALIGN TECHNOLOGY INC | ALGN | $471.47M | 1.2% | -2% shares |
| ELI LILLY & CO | LLY | $335.07M | 0.9% | new |
| ICON PLC | $301.15M | 0.8% | -17% shares |
What changed since Q2 2023
Against the Q2 2023 filing, Polen Capital Management opened 7 new positions, added to 28, trimmed 38, left 26 unchanged and exited 8. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
Exited
- ALTAIR ENGR INCwas $5.14M
- OLO INCwas $4.48M
- DCGOwas $4.27M
- FARFETCH LTDwas $2.94M
- LESLIES INCwas $2.46M
- CPRTwas $1.92M
- IWMwas $260.0K
- LUXEwas $206.3K
Other quarters
Source: SEC Form 13F-HR, accession 0001172661-23-003726, filed by POLEN CAPITAL MANAGEMENT LLC. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.