13F filing recap · Q4 2019

What did Polen Capital Management buy in Q4 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

$25.39B

Positions

Estimated turnover

14.7%

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

NOWServicenow, Inc.$547.82Mreported value+1.94M shares CRMSalesforce, Inc.$501.22Mreported value+3.08M shares ACWXiShares Trust$2.27Mreported value+46.1K shares EXPOExponent, Inc.$1.35Mreported value+19.5K shares WINGWingstop Inc.$946.0Kreported value+11.0K shares ENVEnvestnet, Inc.$841.0Kreported value+12.1K shares

Increased positions

VVisa Inc.$1.91Breported value+277.3K shares+2.8%GOOGAlphabet Inc.$1.88Breported value+44.7K shares+3.3%ADBEAdobe Inc.$1.63Breported value+142.0K shares+3.0%ZTSZoetis Inc.$1.43Breported value+293.6K shares

Reduced positions

MSFTMicrosoft Corporation$2.46Breported value-576.7K shares-3.6%METAMeta Platforms, Inc.$1.84Breported value-839.0K shares-8.6%ORCLOracle Corporation$11.26Mreported value-14.85M shares-98.6%IWFiShares Trust$6.66Mreported value-7.7K shares

Exited positions

MDSOMedidata Solutions Inc$1.27Mprior reported value-13.9K shares-100.0%CMDCantel Medical Corp$906.0Kprior reported value-12.1K shares-100.0%