13F filing recap · Q1 2020

What did Polen Capital Management buy in Q1 2020?

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

$23.05B

Positions

Estimated turnover

20.0%

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

ADSKAutodesk, Inc.$581.60Mreported value+3.73M shares EDUNew Oriental Education & Technology Group Inc.$29.01Mreported value+268.0K shares RVLVRevolve Group, Inc.$1.46Mreported value+168.7K shares HELEHelen of Troy Limited$1.19Mreported value+8.3K shares ETSYEtsy, Inc$978.0Kreported value+25.5K shares YETIYeti Holdings, Inc.$953.0Kreported value+48.8K shares PCTYPaylocity Holding Corporation$851.0Kreported value+9.6K shares

Increased positions

MSFTMicrosoft Corporation$2.53Breported value+448.3K shares+2.9%METAMeta Platforms, Inc.$1.80Breported value+1.82M shares+20.4%GOOGAlphabet Inc.$1.71Breported value+63.9K shares+4.5%ADBEAdobe Inc.$1.63Breported value+180.7K shares

Reduced positions

VVisa Inc.$1.31Breported value-2.01M shares-19.8%ZTSZoetis Inc.$1.15Breported value-1.06M shares-9.8%DGDollar General Corp$772.01Mreported value-1.30M shares-20.3%NKENike, Inc.$725.76Mreported value-2.11M shares

Exited positions

NVONovo Nordisk A/s$6.88Mprior reported value-118.8K shares-100.0%LOPEGrand Canyon Education, Inc.$1.01Mprior reported value-10.6K shares-100.0%NEOGNeogen Corporation$912.0Kprior reported value-14.0K shares-100.0%EXLSExlservice Holdings, Inc.$877.0Kprior reported value-12.6K shares