13F filing recap · Q4 2022

What did Polen Capital Management buy in Q4 2022?

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

$34.23B

Positions

Estimated turnover

17.6%

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

TMOThermo Fisher Scientific Inc.$1.21Breported value+2.19M shares ELEstee Lauder Companies Inc$30.81Mreported value+124.2K shares HDBHdfc Bank Limited$21.54Mreported value+314.9K shares IUSGiShares Trust$11.08Mreported value+135.9K shares OLPXOlaplex Holdings, Inc.$4.32Mreported value+829.1K shares SITMSitime Corporation$2.24Mreported value+22.0K shares FSVFirstservice Corp$1.85Mreported value+15.1K shares CCCCcc Intelligent Solutions Holdings Inc.$1.82Mreported value+208.8K shares DLODlocal Limited$648.6Kreported value+41.7K shares LVSLas Vegas Sands Corp$435.0Kreported value+9.1K shares

Increased positions

NOWServicenow, Inc.$1.73Breported value+499.7K shares+12.6%ILMNIllumina, Inc.$1.02Breported value+527.0K shares+11.7%IWFiShares Trust$543.64Mreported value+1.95M shares+329.8%ULUnilever Plc$42.22Mreported value+313.6K shares

Reduced positions

AMZNAmazon.com Inc$2.95Breported value-2.09M shares-5.6%GOOGAlphabet Inc.$2.34Breported value-2.11M shares-7.4%MSFTMicrosoft Corporation$2.28Breported value-106.3K shares-1.1%ADBEAdobe Inc.$2.11Breported value-660.7K shares

Exited positions

ISRGIntuitive Surgical, Inc.$730.0Kprior reported value-3.9K shares-100.0%JMSTJPMorgan Chase & Co.$296.0Kprior reported value-5.9K shares-100.0%