13F filing recap · Q3 2017

What did Polen Capital Management buy in Q3 2017?

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

$12.42B

Positions

Estimated turnover

13.2%

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

MSFTMicrosoft Corporation$527.48Mreported value+7.08M shares SAPSap SE$2.33Mreported value+21.2K shares FOXFFox Factory Holding Corp.$225.0Kreported value+5.2K shares OLLIOllie’s Bargain Outlet Holdings, Inc.$217.0Kreported value+4.7K shares CMDCantel Medical Corp$215.0Kreported value+2.3K shares POOLPool Corporation$207.0Kreported value+1.9K shares MDSOMedidata Solutions Inc$205.0Kreported value+2.6K shares

Increased positions

METAMeta Platforms, Inc.$1.01Breported value+134.6K shares+2.3%ADBEAdobe Inc.$938.17Mreported value+226.3K shares+3.7%GOOGAlphabet Inc.$916.54Mreported value+28.9K shares+3.1%CELGCelgene Corporation$762.83Mreported value+148.3K shares

Reduced positions

VVisa Inc.$846.59Mreported value-2.38M shares-22.8%REGNRegeneron Pharmaceuticals, Inc.$614.17Mreported value-212.7K shares-13.4%ALGNAlign Technology, Inc.$570.95Mreported value-297.4K shares-8.8%GOOGLAlphabet Inc.$335.56Mreported value-98.0K shares

Exited positions

FASTFastenal Co$1.15Mprior reported value-26.4K shares-100.0%