N-PORT filing recap · January 2025

What did Polen Growth Fund buy in January 2025?

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

$6.48B

Positions

Estimated turnover

28.2%

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 exited Novo Nordisk entirely and trimmed Amazon, Microsoft, Alphabet, and Visa. It also reduced ServiceNow, Netflix, and Gartner substantially, while adding to Oracle and CoStar Group. The most notable increase was Eli Lilly, which it added to dramatically, along with a substantial boost to Zoetis.

Increased positions

ORCLOracle Corporation$344.89Mreported value+371.5K shares+22.4%LLYEli Lilly & Co$303.76Mreported value+276.7K shares+283.0%ZTSZoetis Inc.$298.92Mreported value+622.6K shares+55.3%CSGPCostar Group, Inc.$98.13Mreported value+352.8K shares+38.0%

Reduced positions

AMZNAmazon.com Inc$836.29Mreported value-1.47M shares-29.5%MSFTMicrosoft Corporation$469.66Mreported value-132.9K shares-10.5%GOOGAlphabet Inc.$438.78Mreported value-249.6K shares-10.5%VVisa Inc.$393.97Mreported value-136.0K shares

Exited positions

NVONovo Nordisk A/s$134.38Mprior reported value-1.20M shares-100.0%