13F filing recap · Q1 2013

What did Polen Capital Management buy in Q1 2013?

Reported stock-position changes between this filing and the previous one. US-listed stocks across every Polen account, including accounts that belong to no fund below.

Stock value

$4.67B

Positions

Estimated turnover

25.0%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

VVisa Inc.$156.55Mreported value+921.7K shares FASTFastenal Co$98.95Mreported value+1.93M shares ITGartner, Inc.$60.32Mreported value+1.11M shares IWFiShares Trust$3.70Mreported value+51.8K shares CLBCore Laboratories Inc.$979.0Kreported value+7.1K shares SAPSap SE$485.0Kreported value+6.0K shares NVONovo Nordisk A/s$401.0Kreported value+2.5K shares

Increased positions

AGNAllergan Inc$356.83Mreported value+435.3K shares+15.8%GOOGLAlphabet Inc.$356.65Mreported value+21.3K shares+5.0%CTSHCognizant Technology Solutions Corporation$345.73Mreported value+218.6K shares+5.1%NKENike, Inc.$341.45Mreported value+1.18M shares

Reduced positions

AAPLApple Inc.$171.86Mreported value-281.4K shares-42.0%ISRGIntuitive Surgical, Inc.$165.44Mreported value-130.9K shares-28.0%

Exited positions

MSFTMicrosoft Corporation$224.29Mprior reported value-8.40M shares-100.0%