Polen Capital Management 13F holdings, Q1 2004
Holdings as of March 31, 2004 · filings on SEC EDGAR · latest filing →
Polen Capital Management disclosed 18 US equity positions worth $1.6bn in its Q1 2004 13F filing. The largest position was MDT at 8.3% of the reported book, followed by MSFT and KO. Against the Q4 2003 filing, it opened 0 new positions, added to 16 and reduced 1 among the top 18 holdings.
What did Polen Capital Management own in Q1 2004? Top 18 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2003 |
|---|---|---|---|---|---|---|---|
| 1 | MDT Medtronic Inc | Healthcare | 8.3% | $130.6m | 2,910,289 | 8% | added |
| 2 | MSFT Microsoft Corp | Technology | 7.4% | $116.1m | 4,574,308 | 8% | added |
| 3 | KO Coca-Cola CO | Consumer Defensive | 7.2% | $113.1m | 2,413,798 | 8% | added |
| 4 | McGraw Hill | 7.0% | $109.4m | 1,699,624 | 9% | added | |
| 5 | PFE Pfizer Inc | Healthcare | 6.8% | $106.4m | 3,311,224 | 10% | added |
| 6 | UPS UPS | Industrials | 6.6% | $103.4m | 1,484,242 | 7% | added |
| 7 | PEP Pepsico Inc | Consumer Defensive | 6.4% | $100.6m | 2,341,991 | 9% | added |
| 8 | Bershire Hathaway B | 6.3% | $98.9m | 38,137 | 9% | added | |
| 9 | AXP American Express | Financial Services | 6.2% | $97.1m | 2,163,901 | 7% | added |
| 10 | HSY Hershey Foods | Consumer Defensive | 5.9% | $92.2m | 1,303,242 | 9% | added |
| 11 | JNJ Johnson & Johnson | Healthcare | 5.7% | $89.8m | 1,936,333 | 11% | added |
| 12 | MMM 3M Company | Industrials | 5.7% | $89.7m | 1,150,582 | 9% | added |
| 13 | Anheuser-Busch | 5.7% | $89.2m | 1,849,687 | 9% | added | |
| 14 | GD General Dynamics | Industrials | 4.3% | $67.5m | 446 | -100% | reduced |
| 15 | AMGN Amgen Inc | Healthcare | 3.9% | $61.9m | 1,086,895 | 8% | added |
| 16 | Dell Computer Corp | 3.3% | $51.3m | 1,644,248 | 9% | added | |
| 17 | HOG Harley-Davidson Inc | Consumer Cyclical | 2.9% | $44.9m | 1,675,917 | 77% | added |
| 18 | BRK/A Bershire Hathaway A | 0.4% | $5.8m | 69 | 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.