Polen Capital Management 13F, Q4 2024
Polen Capital · quarter ending 31 December 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, Q4 2024
The 25 largest of 124 positions. Weights are against the whole filed book. Changes are in shares held, against the Q3 2024 filing.
| Company | Ticker | Value | % of book | vs Q3 2024 |
|---|---|---|---|---|
| AMAZON COM INC | AMZN | $4.29B | 11.6% | -24% shares |
| MICROSOFT CORP | MSFT | $2.70B | 7.3% | -9% shares |
| ALPHABET INC | GOOG | $2.11B | 5.7% | -14% shares |
| VISA INC | V | $2.08B | 5.6% | -9% shares |
| MASTERCARD INCORPORATED | MA | $1.84B | 5.0% | -9% shares |
| SHOPIFY INC | SHOP | $1.82B | 4.9% | -10% shares |
| ORACLE CORP | ORCL | $1.79B | 4.8% | +22% shares |
| SERVICENOW INC | NOW | $1.73B | 4.7% | -27% shares |
| APPLE INC | AAPL | $1.54B | 4.2% | -8% shares |
| NETFLIX INC | NFLX | $1.54B | 4.2% | -9% shares |
| ABBOTT LABS | ABT | $1.44B | 3.9% | -9% shares |
| ADOBE INC | ADBE | $1.34B | 3.6% | -9% shares |
| THERMO FISHER SCIENTIFIC INC | TMO | $1.28B | 3.5% | -12% shares |
| ACCENTURE PLC IRELAND | $1.24B | 3.4% | -10% shares | |
| MSCI INC | MSCI | $1.22B | 3.3% | -9% shares |
| ZOETIS INC | ZTS | $1.22B | 3.3% | +18% shares |
| WORKDAY INC | WDAY | $1.11B | 3.0% | -11% shares |
| AIRBNB INC | ABNB | $1.08B | 2.9% | -11% shares |
| ELI LILLY & CO | LLY | $1.00B | 2.7% | +164% shares |
| PAYCOM SOFTWARE INC | PAYC | $650.10M | 1.8% | -10% shares |
| UNITEDHEALTH GROUP INC | UNH | $569.39M | 1.5% | -44% shares |
| NOVO-NORDISK A S | NVO | $551.02M | 1.5% | -7% shares |
| COSTAR GROUP INC | CSGP | $465.13M | 1.3% | new |
| GARTNER INC | IT | $437.33M | 1.2% | -39% shares |
| AON PLC | $258.35M | 0.7% | -8% shares |
What changed since Q3 2024
Against the Q3 2024 filing, Polen Capital Management opened 15 new positions, added to 26, trimmed 78, left 5 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
- CSGP$465.13M
- WILLIS TOWERS WATSON PLC LTD$40.28M
- SPOTIFY TECHNOLOGY S A$27.23M
- NU HLDGS LTD$23.24M
- MONDAY COM LTD$12.52M
- WSC$4.18M
- FABRINET$2.77M
- BDC$2.72M
and 7 more
Exited
- IVVwas $6.20M
- EEFTwas $5.95M
- OPCHwas $4.52M
- NV5 GLOBAL INCwas $3.81M
- ASPEN TECHNOLOGY INCwas $1.79M
- TYLwas $1.40M
- BILwas $465.6K
- FIVEwas $442.1K
and 1 more
Other quarters
Source: SEC Form 13F-HR, accession 0001172661-25-000623, 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.