Polen Capital Management 13F, Q1 2024
Polen Capital · quarter ending 31 March 2024 · filed 10 May 2024 · SEC CIK 1034524
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q1 2024
The 25 largest of 104 positions. Weights are against the whole filed book. Changes are in shares held, against the Q4 2023 filing.
| Company | Ticker | Value | % of book | vs Q4 2023 |
|---|---|---|---|---|
| AMAZON COM INC | AMZN | $6.21B | 14.3% | -5% shares |
| MICROSOFT CORP | MSFT | $4.07B | 9.4% | -3% shares |
| ALPHABET INC | GOOG | $2.75B | 6.3% | -4% shares |
| VISA INC | V | $2.34B | 5.4% | +15% shares |
| NETFLIX INC | NFLX | $2.33B | 5.4% | -6% shares |
| MASTERCARD INCORPORATED | MA | $2.15B | 5.0% | -4% shares |
| SALESFORCE INC | CRM | $2.09B | 4.8% | -4% shares |
| SERVICENOW INC | NOW | $2.03B | 4.7% | -30% shares |
| THERMO FISHER SCIENTIFIC INC | TMO | $1.89B | 4.4% | +60% shares |
| ABBOTT LABS | ABT | $1.83B | 4.2% | +20% shares |
| AIRBNB INC | ABNB | $1.77B | 4.1% | unchanged |
| ACCENTURE PLC IRELAND | $1.60B | 3.7% | -4% shares | |
| ADOBE INC | ADBE | $1.43B | 3.3% | -32% shares |
| AUTODESK INC | ADSK | $1.29B | 3.0% | -4% shares |
| ZOETIS INC | ZTS | $1.19B | 2.7% | +41% shares |
| UNITEDHEALTH GROUP INC | UNH | $1.18B | 2.7% | unchanged |
| WORKDAY INC | WDAY | $1.00B | 2.3% | -2% shares |
| NOVO-NORDISK A S | NVO | $997.51M | 2.3% | -2% shares |
| NIKE INC | NKE | $890.14M | 2.0% | +60% shares |
| GARTNER INC | IT | $833.61M | 1.9% | -3% shares |
| ELI LILLY & CO | LLY | $454.96M | 1.1% | unchanged |
| ALIGN TECHNOLOGY INC | ALGN | $398.77M | 0.9% | -4% shares |
| ICON PLC | $368.95M | 0.8% | -8% shares | |
| ALPHABET INC | GOOGL | $322.29M | 0.7% | unchanged |
| PAYCOM SOFTWARE INC | PAYC | $302.55M | 0.7% | +9172% shares |
What changed since Q4 2023
Against the Q4 2023 filing, Polen Capital Management opened 4 new positions, added to 30, trimmed 55, left 15 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 0001172661-24-002149, 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.