Polen Capital Management 13F holdings, Q3 2003
Holdings as of September 30, 2003 · filings on SEC EDGAR · latest filing →
Polen Capital Management disclosed 19 US equity positions worth $1.3bn in its Q3 2003 13F filing. The largest position was MDT at 9.0% of the reported book, followed by MSFT and HSY. Against the Q2 2003 filing, it opened 1 new position, added to 13 and reduced 3 among the top 19 holdings.
What did Polen Capital Management own in Q3 2003? Top 19 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2003 |
|---|---|---|---|---|---|---|---|
| 1 | MDT Medtronic Inc | Healthcare | 9.0% | $119.4m | 2,544,842 | 12% | added |
| 2 | MSFT Microsoft Corp | Technology | 8.5% | $112.2m | 4,036,546 | 11% | added |
| 3 | HSY Hershey Foods | Consumer Defensive | 7.3% | $96.3m | 1,325,142 | 12% | added |
| 4 | McGraw Hill | 7.0% | $92.0m | 1,481,505 | 12% | added | |
| 5 | PEP Pepsico Inc | Consumer Defensive | 6.9% | $91.3m | 1,992,040 | 31% | added |
| 6 | KO Coca-Cola CO | Consumer Defensive | 6.8% | $90.3m | 2,102,596 | 25% | added |
| 7 | UPS UPS | Industrials | 6.8% | $89.8m | 1,408,049 | 12% | added |
| 8 | AXP American Express | Financial Services | 6.5% | $86.1m | 1,910,753 | 12% | added |
| 9 | PFE Pfizer Inc | Healthcare | 6.5% | $85.9m | 2,828,462 | 9% | added |
| 10 | Bershire Hathaway B | 6.2% | $81.7m | 32,724 | 12% | added | |
| 11 | Anheuser-Busch | 6.1% | $81.2m | 1,646,390 | 11% | added | |
| 12 | GD General Dynamics | Industrials | 5.7% | $75.5m | 967,233 | 10% | added |
| 13 | Minn Mng & Mfg | 5.2% | $68.5m | 992,303 | 124% | added | |
| 14 | Dell Computer Corp | 3.6% | $47.6m | 1,423,344 | -5% | reduced | |
| 15 | JNJ Johnson & Johnson | Healthcare | 3.0% | $39.3m | 793,403 | – | new |
| 16 | AMGN Amgen Inc | Healthcare | 2.9% | $38.4m | 596,467 | -21% | reduced |
| 17 | Reynolds & Reynolds | 1.3% | $17.3m | 627,756 | -48% | reduced | |
| 18 | BRK/A Bershire Hathaway A | 0.4% | $5.9m | 79 | 0% | held | |
| 19 | Hearst-Argyle | 0.3% | $3.4m | 139,350 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.