Polen Capital Management LLC Top Holdings and 13F Report (2024)

About Polen Capital Management LLC

Investment Activity

Polen Capital Management LLC has $39.86 billion in total holdings as of June 30, 2024.
Polen Capital Management LLC owns shares of 110 different stocks, but just 15 companies or ETFs make up 80% of its holdings.
Approximately 4.77% of the portfolio was purchased this quarter.
About 13.61% of the portfolio was sold this quarter.
This quarter, Polen Capital Management LLC has purchased 104 new stocks and bought additional shares in 21 stocks.
Polen Capital Management LLC sold shares of 76 stocks and completely divested from 6 stocks this quarter.

Largest Holdings

Amazon.com: $5,724,816,686
Microsoft: $4,016,091,007
Alphabet: $3,059,983,528
Visa: $2,099,135,812
ServiceNow: $1,953,142,963

Largest New Holdings this Quarter

PDD: $7,295,631 Holding
Option Care Health: $4,253,075 Holding
AAON: $3,043,276 Holding
Installed Building Products: $2,693,047 Holding
Repligen: $1,836,896 Holding

Largest Purchases this Quarter

Shopify: 13,891,599 shares (about $917.54M)
MSCI: 1,514,394 shares (about $729.56M)
Paycom Software: 715,843 shares (about $102.39M)
iShares Russell 1000 Growth ETF: 222,017 shares (about $80.93M)
iShares MSCI ACWI ETF: 158,277 shares (about $17.79M)

Largest Sales this Quarter

Autodesk: 4,896,615 shares (about $1.21B)
Netflix: 1,719,982 shares (about $1.16B)
Amazon.com: 4,787,351 shares (about $925.16M)
Microsoft: 679,823 shares (about $303.85M)
Align Technology: 1,196,063 shares (about $288.76M)

Sector Allocation Over Time

Selling

Neutral

Buying

Latest 13F Holdings and Changes Since Previous Quarterly Filing

Issuer Name	Holdings Value	Approximate Purchase/Sale	Change in Shares	Shares Held	% of Portfolio	Sector
AMZN Amazon.com	$5,724,816,686	$925,155,572 ▼	-13.9%	29,623,890	14.4%	Retail/Wholesale
MSFT Microsoft	$4,016,091,007	$303,846,881 ▼	-7.0%	8,985,549	10.1%	Computer and Technology
GOOG Alphabet	$3,059,983,528	$255,944,815 ▼	-7.7%	16,682,933	7.7%	Computer and Technology
V Visa	$2,099,135,812	$103,641,002 ▼	-4.7%	7,997,622	5.3%	Business Services
NOW ServiceNow	$1,953,142,963	$141,665,912 ▼	-6.8%	2,482,798	4.9%	Computer and Technology
MA Mastercard	$1,870,516,110	$101,284,596 ▼	-5.1%	4,239,995	4.7%	Business Services
CRM Salesforce	$1,726,346,373	$61,718,658 ▼	-3.5%	6,714,688	4.3%	Computer and Technology
TMO Thermo Fisher Scientific	$1,715,411,476	$86,775,098 ▼	-4.8%	3,102,010	4.3%	Medical
ABT Abbott Laboratories	$1,590,427,945	$86,807,972 ▼	-5.2%	15,305,822	4.0%	Medical
ABNB Airbnb	$1,542,602,417	$84,349,953 ▼	-5.2%	10,173,464	3.9%	Computer and Technology
ADBE Adobe	$1,480,617,560	$94,961,794 ▼	-6.0%	2,665,186	3.7%	Computer and Technology
NFLX Netflix	$1,430,292,278	$1,160,781,612 ▼	-44.8%	2,119,328	3.6%	Consumer Discretionary
ACN Accenture	$1,314,852,194	$89,628,836 ▼	-6.4%	4,333,582	3.3%	Computer and Technology
ZTS Zoetis	$1,221,503,402	$7,096,838 ▲	0.6%	7,046,051	3.1%	Medical
UNH UnitedHealth Group	$1,145,352,473	$73,704,707 ▼	-6.0%	2,249,052	2.9%	Medical
NVO Novo Nordisk A/S	$1,063,123,485	$45,791,990 ▼	-4.1%	7,447,972	2.7%	Medical
SHOP Shopify	$972,411,504	$917,540,135 ▲	1,672.2%	14,722,354	2.4%	Computer and Technology
MSCI MSCI	$795,104,495	$729,559,500 ▲	1,113.1%	1,650,450	2.0%	Computer and Technology
WDAY Workday	$766,565,106	$56,606,510 ▼	-6.9%	3,428,901	1.9%	Computer and Technology
IT Gartner	$741,304,197	$44,024,944 ▼	-5.6%	1,650,791	1.9%	Business Services
NKE NIKE	$675,879,010	$37,993,261 ▼	-5.3%	8,967,481	1.7%	Consumer Discretionary
LLY Eli Lilly and Company	$495,301,599	$34,169,939 ▼	-6.5%	547,065	1.2%	Medical
GOOGL Alphabet	$381,490,198	$7,466,146 ▼	-1.9%	2,094,374	1.0%	Computer and Technology
ICLR ICON Public	$340,134,263	$4,124,323 ▼	-1.2%	1,085,062	0.9%	Medical
PAYC Paycom Software	$319,855,358	$102,394,195 ▲	47.1%	2,236,125	0.8%	Computer and Technology
SAP SAP	$253,051,104	$4,073,938 ▼	-1.6%	1,254,529	0.6%	Computer and Technology
AON AON	$241,334,908	$2,370,660 ▼	-1.0%	822,041	0.6%	Finance
ADP Automatic Data Processing	$117,422,754	$2,413,870 ▼	-2.0%	491,947	0.3%	Business Services
IWF iShares Russell 1000 Growth ETF	$108,552,096	$80,927,360 ▲	293.0%	297,803	0.3%	ETF
GLOB Globant	$85,090,262	$3,785,529 ▼	-4.3%	477,338	0.2%	Computer and Technology
MDT Medtronic	$82,643,041	$1,231,024 ▼	-1.5%	1,049,969	0.2%	Medical
HDB HDFC Bank	$54,901,016	$9,191,341 ▲	20.1%	853,428	0.1%	Finance
ASML ASML	$52,229,257	$41,932 ▼	-0.1%	51,068	0.1%	Computer and Technology
MELI MercadoLibre	$51,010,796	$3,681,191 ▼	-6.7%	31,040	0.1%	Retail/Wholesale
UL Unilever	$27,534,279	$6,214 ▼	0.0%	500,714	0.1%	Consumer Staples
TME Tencent Music Entertainment Group	$21,142,538	$16,269,534 ▼	-43.5%	1,504,807	0.1%	Computer and Technology
ACWI iShares MSCI ACWI ETF	$19,747,153	$17,790,377 ▲	909.2%	175,686	0.0%	Manufacturing
HLI Houlihan Lokey	$11,109,213	$1,031,138 ▼	-8.5%	82,376	0.0%	Finance
CWAN Clearwater Analytics	$10,590,430	$469,575 ▲	4.6%	571,837	0.0%	Computer and Technology
ADSK Autodesk	$10,421,956	$1,211,679,514 ▼	-99.1%	42,117	0.0%	Computer and Technology
EXLS ExlService	$10,257,700	$523,085 ▲	5.4%	327,095	0.0%	Business Services
PGNY Progyny	$9,964,641	$848,344 ▼	-7.8%	348,292	0.0%	Medical
HLNE Hamilton Lane	$9,667,064	$1,692,308 ▼	-14.9%	78,225	0.0%	Finance
CCCS CCC Intelligent Solutions	$9,490,057	$3,214,788 ▲	51.2%	854,191	0.0%	Finance
GNRC Generac	$9,385,979	$408,029 ▼	-4.2%	70,988	0.0%	Computer and Technology
LVS Las Vegas Sands	$8,689,550	$1,574,504 ▼	-15.3%	196,374	0.0%	Consumer Discretionary
BIL SPDR Bloomberg Barclays 1-3 Month T-Bill ETF	$8,433,889	$14,502,045 ▼	-63.2%	91,892	0.0%	ETF
RVLV Revolve Group	$8,145,789	$134,837 ▼	-1.6%	511,992	0.0%	Retail/Wholesale
ALRM Alarm.com	$8,143,630	$174,164 ▲	2.2%	128,165	0.0%	Industrial Products
CNM Core & Main	$7,781,391	$49,674 ▼	-0.6%	158,999	0.0%	Business Services
DLO DLocal	$7,715,562	$2,638,990 ▼	-25.5%	953,716	0.0%	Business Services
WRBY Warby Parker	$7,449,480	$251,403 ▼	-3.3%	463,853	0.0%	Medical
ALIT Alight	$7,444,241	$2,056,060 ▼	-21.6%	1,008,705	0.0%	Computer and Technology
GSHD Goosehead Insurance	$7,412,778	$169,390 ▼	-2.2%	129,053	0.0%	Finance
PDD PDD	$7,295,631	$7,295,631 ▲	New Holding	54,875	0.0%	Multi-Sector Conglomerates
MEDP Medpace	$7,141,922	$157,327 ▲	2.3%	17,341	0.0%	Medical
EEFT Euronet Worldwide	$6,697,582	$1,166,858 ▼	-14.8%	64,711	0.0%	Finance
YUMC Yum China	$6,210,097	$3,260,405 ▼	-34.4%	201,365	0.0%	Retail/Wholesale
SITM SiTime	$5,728,137	$1,928,989 ▼	-25.2%	46,054	0.0%	Computer and Technology
BL BlackLine	$5,039,116	$230,476 ▼	-4.4%	104,007	0.0%	Computer and Technology
EPAM EPAM Systems	$4,848,535	$1,867,932 ▼	-27.8%	25,775	0.0%	Computer and Technology
ALGN Align Technology	$4,829,955	$288,759,895 ▼	-98.4%	20,006	0.0%	Medical
YETI YETI	$4,602,124	$661,599 ▼	-12.6%	120,632	0.0%	Consumer Discretionary
FSV FirstService	$4,538,645	$925,800 ▼	-16.9%	29,787	0.0%	Finance
KB KB Financial Group	$4,430,695	$164,169 ▼	-3.6%	78,267	0.0%	Finance
APPF AppFolio	$4,366,891	$2,103,103 ▼	-32.5%	17,855	0.0%	Computer and Technology
OPCH Option Care Health	$4,253,075	$4,253,075 ▲	New Holding	153,541	0.0%	Medical
FOXF Fox Factory	$3,881,285	$652,109 ▼	-14.4%	80,541	0.0%	Auto/Tires/Trucks
CATH Global X S&P 500 Catholic Values ETF	$3,649,516	$2,623,521 ▲	255.7%	55,803	0.0%	Manufacturing
QLYS Qualys	$3,645,964	$722,548 ▼	-16.5%	25,568	0.0%	Computer and Technology
VONG Vanguard Russell 1000 Growth ETF	$3,239,822	$119,139 ▲	3.8%	34,536	0.0%	ETF
AMN AMN Healthcare Services	$3,165,020	$155,328 ▲	5.2%	61,781	0.0%	Medical
AAON AAON	$3,043,276	$3,043,276 ▲	New Holding	34,884	0.0%	Construction
DOCS Doximity	$2,950,822	$1,714,246 ▼	-36.7%	105,500	0.0%	Medical
IBP Installed Building Products	$2,693,047	$2,693,047 ▲	New Holding	13,093	0.0%	Construction
TECH Bio-Techne	$2,540,494	$112,276 ▼	-4.2%	35,457	0.0%	Medical
MORN Morningstar	$2,385,734	$374,842 ▼	-13.6%	8,064	0.0%	Business Services
MODG Topgolf Callaway Brands	$2,342,604	$372,541 ▲	18.9%	153,111	0.0%	Consumer Discretionary
DT Dynatrace	$2,285,453	$1,018,864 ▼	-30.8%	51,083	0.0%	Computer and Technology
FIVE Five Below	$2,264,832	$201,159 ▼	-8.2%	20,784	0.0%	Consumer Cyclical
ACWX iShares MSCI ACWI ex U.S. ETF	$2,091,786	$330,310 ▲	18.8%	39,371	0.0%	Manufacturing
SITE SiteOne Landscape Supply	$2,077,481	$452,988 ▼	-17.9%	17,111	0.0%	Industrial Products
RH RH	$2,024,799	$1,964,175 ▼	-49.2%	8,283	0.0%	Consumer Staples
MPWR Monolithic Power Systems	$2,006,543	$1,191,436 ▼	-37.3%	2,442	0.0%	Computer and Technology
IWM iShares Russell 2000 ETF	$2,006,134	$983,590 ▲	96.2%	9,888	0.0%	Finance
AZPN Aspen Technology	$1,957,101	$308,870 ▼	-13.6%	9,853	0.0%	Computer and Technology
ETSY Etsy	$1,941,917	$313,420 ▼	-13.9%	32,925	0.0%	Retail/Wholesale
RGEN Repligen	$1,836,896	$1,836,896 ▲	New Holding	14,572	0.0%	Medical
LGIH LGI Homes	$1,799,047	$385,708 ▼	-17.7%	20,103	0.0%	Finance
MKTX MarketAxess	$1,621,085	$16,243 ▼	-1.0%	8,084	0.0%	Finance
TYL Tyler Technologies	$1,563,646	$95,025 ▼	-5.7%	3,110	0.0%	Computer and Technology
AIT Applied Industrial Technologies	$1,473,488	$1,473,488 ▲	New Holding	7,595	0.0%	Industrial Products
BWMN Bowman Consulting Group	$1,466,963	$308,143 ▼	-17.4%	46,145	0.0%	Business Services
ROAD Construction Partners	$1,411,938	$1,411,938 ▲	New Holding	25,574	0.0%	Construction
OLLI Ollie's Bargain Outlet	$1,256,576	$1,256,576 ▲	New Holding	12,800	0.0%	Consumer Staples
KASPI KZ JSC	$1,249,591	$1,249,591 ▲	New Holding	9,686	0.0%	SPONSORED ADS
CRL Charles River Laboratories International	$1,180,605	$71,270 ▼	-5.7%	5,715	0.0%	Medical
POOL Pool	$1,071,045	$58,085 ▲	5.7%	3,485	0.0%	Consumer Discretionary
CPA Copa	$1,062,970	$266,980 ▼	-20.1%	11,168	0.0%	Transportation
SGOV iShares 0-3 Month Treasury Bond ETF	$1,040,737	$690,770 ▲	197.4%	10,334	0.0%	ETF