Polen Capital Management 13F, Q4 2023
Polen Capital · quarter ending 31 December 2023 · filed 10 May 2024 · SEC CIK 1034524
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q4 2023
The 25 largest of 107 positions. Weights are against the whole filed book. Changes are in shares held, against the Q3 2023 filing.
| Company | Ticker | Value | % of book | vs Q3 2023 |
|---|---|---|---|---|
| AMAZON COM INC | AMZN | $5.51B | 13.3% | -3% shares |
| MICROSOFT CORP | MSFT | $3.74B | 9.0% | +39% shares |
| SERVICENOW INC | NOW | $2.68B | 6.5% | -5% shares |
| ALPHABET INC | GOOG | $2.65B | 6.4% | -4% shares |
| ADOBE INC | ADBE | $2.48B | 6.0% | -4% shares |
| NETFLIX INC | NFLX | $1.99B | 4.8% | -37% shares |
| MASTERCARD INCORPORATED | MA | $1.98B | 4.8% | -3% shares |
| SALESFORCE INC | CRM | $1.91B | 4.6% | -5% shares |
| VISA INC | V | $1.90B | 4.6% | -4% shares |
| ACCENTURE PLC IRELAND | $1.68B | 4.1% | -4% shares | |
| ABBOTT LABS | ABT | $1.48B | 3.6% | unchanged |
| AIRBNB INC | ABNB | $1.44B | 3.5% | -5% shares |
| UNITEDHEALTH GROUP INC | UNH | $1.28B | 3.1% | -4% shares |
| PAYPAL HLDGS INC | PYPL | $1.28B | 3.1% | -4% shares |
| AUTODESK INC | ADSK | $1.25B | 3.0% | -4% shares |
| THERMO FISHER SCIENTIFIC INC | TMO | $1.08B | 2.6% | -6% shares |
| WORKDAY INC | WDAY | $1.04B | 2.5% | -5% shares |
| ZOETIS INC | ZTS | $981.27M | 2.4% | -4% shares |
| NOVO-NORDISK A S | NVO | $823.30M | 2.0% | unchanged |
| GARTNER INC | IT | $815.04M | 2.0% | -6% shares |
| NIKE INC | NKE | $641.00M | 1.5% | -4% shares |
| ALIGN TECHNOLOGY INC | ALGN | $347.46M | 0.8% | -18% shares |
| ALPHABET INC | GOOGL | $298.79M | 0.7% | unchanged |
| AON PLC | $238.65M | 0.6% | unchanged | |
| SAP SE | SAP | $192.11M | 0.5% | unchanged |
What changed since Q3 2023
Against the Q3 2023 filing, Polen Capital Management opened 15 new positions, added to 18, trimmed 64, left 10 unchanged and exited 7. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Other quarters
Source: SEC Form 13F-HR, accession 0001172661-24-002148, 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.