N-PORT filing recap · October 2024

What did Polen Growth Fund buy in October 2024?

Reported stock-position changes between this filing and the previous one. These are Polen Growth Fund's own holdings, not the firm's.

Stock value

$6.70B

Positions

Estimated turnover

22.5%

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.

Period in review

Polen Growth Fund opened new positions in Oracle Corporation and Costar Group, while exiting Salesforce entirely. The fund trimmed Microsoft and Alphabet moderately, and reduced UnitedHealth Group substantially. It also added substantially to Msci and Paycom Software, and increased its Shopify stake.

New positions

ORCLOracle Corporation$278.04Mreported value+1.66M shares CSGPCostar Group, Inc.$67.57Mreported value+928.3K shares

Increased positions

SHOPShopify Inc.$251.64Mreported value+702.0K shares+27.9%MSCIMsci Inc.$237.85Mreported value+123.0K shares+41.9%PAYCPaycom Software, Inc.$127.86Mreported value+215.2K shares+54.3%

Reduced positions

AMZNAmazon.com Inc$930.70Mreported value-480.0K shares-8.8%MSFTMicrosoft Corporation$513.80Mreported value-384.8K shares-23.3%GOOGAlphabet Inc.$411.65Mreported value-897.6K shares-27.4%NOWServicenow, Inc.$392.12Mreported value-42.7K shares

Exited positions

CRMSalesforce, Inc.$164.32Mprior reported value-634.9K shares-100.0%