13F filing recap · Q3 2025

What did Polen Capital Management buy in Q3 2025?

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

$30.80B

Positions

232

Estimated turnover

39.4%

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.

Quarter in review

Polen Capital Management opened new positions in Broadcom, Boston Scientific, Synopsys, and Intuit, among many smaller additions. The firm exited Aaon, Adma Biologics, Alkami Technology, Allison Transmission, and numerous other holdings. It trimmed Oracle, Amazon, Shopify, and Visa, while slightly reducing Microsoft, Mastercard, and Eli Lilly. Nvidia was sharply increased.

New positions

AVGOBroadcom Inc.$1.48Breported value+4.49M shares BSXBoston Scientific Corp$546.56Mreported value+5.60M shares SNPSSynopsys Inc$515.49Mreported value+1.04M shares INTUIntuit Inc.$451.90Mreported value+661.7K shares TSM

Increased positions

NVDANvidia Corp$1.17Breported value+6.28M shares+36850.1%UBERUber Technologies, Inc.$447.79Mreported value+4.55M shares+24571.6%IWFiShares Trust$106.73Mreported value+2.2K shares+1.0%ACWIiShares Trust$26.33Mreported value+101.9K shares

Reduced positions

ORCLOracle Corporation$2.61Breported value-2.69M shares-22.5%MSFTMicrosoft Corporation$2.60Breported value-406.0K shares-7.5%AMZNAmazon.com Inc$2.47Breported value-2.68M shares-19.2%SHOPShopify Inc.$1.64Breported value-3.63M shares

Exited positions

NVONovo Nordisk A/s$12.33Mprior reported value-178.7K shares-100.0%LOMALoma Negra Compania Industrialargentina Sociedad Anonima$2.06Mprior reported value-187.7K shares-100.0%CNMCore & Main, Inc.$2.05Mprior reported value-34.0K shares-100.0%ENVXEnovix Corporation$2.00Mprior reported value