13F filing recap · Q2 2019

What did Polen Capital Management buy in Q2 2019?

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

$20.63B

Positions

Estimated turnover

11.5%

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

USPHU S Physical Therapy Inc /nv$855.0Kreported value+7.0K shares

Increased positions

MSFTMicrosoft Corporation$2.09Breported value+413.8K shares+2.7%METAMeta Platforms, Inc.$1.81Breported value+1.39M shares+17.4%VVisa Inc.$1.66Breported value+420.8K shares+4.6%GOOGAlphabet Inc.$1.43Breported value+213.7K shares

Reduced positions

SBUXStarbucks Corporation$947.88Mreported value-2.28M shares-16.8%NKENike, Inc.$855.45Mreported value-1.94M shares-16.0%DGDollar General Corp$819.28Mreported value-1.50M shares-19.9%ORLYO Reilly Automotive Inc$799.35Mreported value-399.6K shares

Exited positions

BIDUBaidu, Inc.$7.46Mprior reported value-45.2K shares-100.0%ELLIEllie Mae, Inc.$876.0Kprior reported value-8.9K shares-100.0%STMPStamps.com Inc$861.0Kprior reported value-10.6K shares-100.0%HCSGHealthcare Services Group, Inc.$588.0Kprior reported value-17.8K shares