13F filing recap · Q3 2014

What did Polen Capital Management buy in Q3 2014?

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

$4.45B

Positions

Estimated turnover

22.5%

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

ORLYO Reilly Automotive Inc$133.50Mreported value+887.9K shares

Increased positions

TJXThe Tjx Companies, Inc.$229.88Mreported value+904.0K shares+30.3%REGNRegeneron Pharmaceuticals, Inc.$198.97Mreported value+343.3K shares+164.6%PCLNBooking Holdings Inc$176.68Mreported value+73.1K shares+92.0%IWFiShares Trust$1.44Mreported value+2.2K shares

Reduced positions

AGNAllergan Inc$436.10Mreported value-73.8K shares-2.9%VVisa Inc.$305.67Mreported value-46.4K shares-3.1%NKENike, Inc.$301.97Mreported value-105.5K shares-3.0%ABTAbbott Laboratories$291.21Mreported value-207.6K shares

Exited positions

QCOMQualcomm Inc/de$309.66Mprior reported value-3.91M shares-100.0%TROWPrice T Rowe Group Inc$189.34Mprior reported value-2.24M shares-100.0%SWISolarwinds Corporation$532.0Kprior reported value-13.8K shares-100.0%SAPSap SE$397.0Kprior reported value-5.2K shares