Polen Capital Management 13F, Q3 2024
Polen Capital · quarter ending 30 September 2024 · filed 10 February 2025 · SEC CIK 1034524
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q3 2024
The 25 largest of 118 positions. Weights are against the whole filed book. Changes are in shares held, against the Q2 2024 filing.
| Company | Ticker | Value | % of book | vs Q2 2024 |
|---|---|---|---|---|
| AMAZON COM INC | AMZN | $4.80B | 12.4% | -13% shares |
| MICROSOFT CORP | MSFT | $3.02B | 7.8% | -22% shares |
| ALPHABET INC | GOOG | $2.14B | 5.5% | -23% shares |
| VISA INC | V | $2.00B | 5.2% | -9% shares |
| SERVICENOW INC | NOW | $1.99B | 5.1% | -10% shares |
| MASTERCARD INCORPORATED | MA | $1.89B | 4.9% | -10% shares |
| THERMO FISHER SCIENTIFIC INC | TMO | $1.74B | 4.5% | -10% shares |
| ADOBE INC | ADBE | $1.71B | 4.4% | +24% shares |
| ABBOTT LABS | ABT | $1.59B | 4.1% | -9% shares |
| APPLE INC | AAPL | $1.57B | 4.0% | new |
| SHOPIFY INC | SHOP | $1.52B | 3.9% | +29% shares |
| ORACLE CORP | ORCL | $1.49B | 3.9% | new |
| ACCENTURE PLC IRELAND | $1.38B | 3.6% | -10% shares | |
| NETFLIX INC | NFLX | $1.35B | 3.5% | -10% shares |
| MSCI INC | MSCI | $1.30B | 3.4% | +35% shares |
| ZOETIS INC | ZTS | $1.24B | 3.2% | -10% shares |
| WORKDAY INC | WDAY | $1.17B | 3.0% | +40% shares |
| UNITEDHEALTH GROUP INC | UNH | $1.17B | 3.0% | -11% shares |
| AIRBNB INC | ABNB | $1.16B | 3.0% | -10% shares |
| NOVO-NORDISK A S | NVO | $816.18M | 2.1% | -8% shares |
| GARTNER INC | IT | $744.63M | 1.9% | -11% shares |
| PAYCOM SOFTWARE INC | PAYC | $584.81M | 1.5% | +57% shares |
| ELI LILLY & CO | LLY | $434.07M | 1.1% | -10% shares |
| ICON PLC | $302.76M | 0.8% | -3% shares | |
| AON PLC | $270.39M | 0.7% | -5% shares |
What changed since Q2 2024
Against the Q2 2024 filing, Polen Capital Management opened 17 new positions, added to 25, trimmed 70, left 6 unchanged and exited 9. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
and 9 more
Exited
- ALITEURwas $7.44M
- SITMwas $5.73M
- APPFwas $4.37M
- VONGwas $3.24M
- DOCSwas $2.95M
- RHwas $2.02M
- MPWRwas $2.01M
- FCXwas $506.4K
and 1 more
Other quarters
Source: SEC Form 13F-HR, accession 0001172661-25-000622, 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.