13F filing recap · Q2 2023

What did Polen Capital Management buy in Q2 2023?

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

$40.31B

Positions

Estimated turnover

12.3%

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

WDAYWorkday, Inc.$874.64Mreported value+3.87M shares YUMCYum China Holdings, Inc.$12.46Mreported value+220.5K shares LESLLeslie’s, Inc.$2.46Mreported value+262.2K shares MORNMorningstar, Inc.$1.10Mreported value+5.6K shares VUGVanguard Index Funds$794.5Kreported value+2.8K shares MKLMarkel Group Inc.$612.7Kreported value+443 shares IWMiShares Trust$260.0Kreported value+1.4K shares

Increased positions

PYPLPayPal Holdings, Inc.$1.48Breported value+9.64M shares+77.0%ILMNIllumina, Inc.$955.72Mreported value+15.0K shares+0.3%ADPAutomatic Data Processing Inc$119.86Mreported value+7.9K shares+1.5%GLOBGlobant S.a.$65.97Mreported value+166.5K shares

Reduced positions

AMZNAmazon.com Inc$5.51Breported value-2.64M shares-5.9%NFLXNetflix, Inc.$2.91Breported value-350.2K shares-5.0%MSFTMicrosoft Corporation$2.53Breported value-1.82M shares-19.7%GOOGAlphabet Inc.$2.46Breported value-978.7K shares

Exited positions

FETForum Energy Technologies, Inc.$3.82Mprior reported value-150.4K shares-100.0%METAMeta Platforms, Inc.$457.6Kprior reported value-2.2K shares-100.0%