Polen Capital Management 13F holdings, Q4 2003
Holdings as of December 31, 2003 · filings on SEC EDGAR · latest filing →
Polen Capital Management disclosed 19 US equity positions worth $1.6bn in its Q4 2003 13F filing. The largest position was MDT at 8.3% of the reported book, followed by MSFT and KO. Against the Q3 2003 filing, it opened 3 new positions, added to 11 and reduced 4 among the top 19 holdings.
What did Polen Capital Management own in Q4 2003? Top 19 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2003 |
|---|---|---|---|---|---|---|---|
| 1 | MDT Medtronic Inc | Healthcare | 8.3% | $130.6m | 2,687,195 | 6% | added |
| 2 | MSFT Microsoft Corp | Technology | 7.4% | $116.1m | 4,242,854 | 5% | added |
| 3 | KO Coca-Cola CO | Consumer Defensive | 7.2% | $113.1m | 2,228,103 | 6% | added |
| 4 | McGraw Hill | 7.0% | $109.4m | 1,565,350 | 6% | added | |
| 5 | PFE Pfizer Inc | Healthcare | 6.8% | $106.4m | 3,011,584 | 6% | added |
| 6 | UPS UPS | Industrials | 6.6% | $103.4m | 1,386,722 | -2% | reduced |
| 7 | PEP Pepsico Inc | Consumer Defensive | 6.4% | $100.6m | 2,157,976 | 8% | added |
| 8 | Bershire Hathaway B | 6.3% | $98.9m | 35,131 | 7% | added | |
| 9 | AXP American Express | Financial Services | 6.2% | $97.1m | 2,013,461 | 5% | added |
| 10 | HSY Hershey Foods | Consumer Defensive | 5.9% | $92.2m | 1,197,243 | -10% | reduced |
| 11 | JNJ Johnson & Johnson | Healthcare | 5.7% | $89.8m | 1,737,598 | 119% | added |
| 12 | MMM 3M Company | Industrials | 5.7% | $89.7m | 1,055,235 | – | new |
| 13 | Anheuser-Busch | 5.7% | $89.2m | 1,693,258 | 3% | added | |
| 14 | GD General Dynamics | Industrials | 4.3% | $67.5m | 746,679 | -23% | reduced |
| 15 | AMGN Amgen Inc | Healthcare | 3.9% | $61.9m | 1,002,077 | 68% | added |
| 16 | Dell Computer Corp | 3.3% | $51.3m | 1,509,058 | – | new | |
| 17 | HOG Harley-Davidson Inc | Consumer Cyclical | 2.9% | $44.9m | 944,180 | – | new |
| 18 | BRK/A Bershire Hathaway A | 0.4% | $5.8m | 69 | -13% | reduced | |
| 19 | Hearst-Argyle | 0.2% | $3.8m | 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.