Polen Capital Management 13F holdings, Q2 2004
Holdings as of June 30, 2004 · filings on SEC EDGAR · latest filing →
Polen Capital Management disclosed 18 US equity positions worth $1.8bn in its Q2 2004 13F filing. The largest position was MDT at 8.0% of the reported book, followed by MSFT and McGraw Hill. Against the Q1 2004 filing, it opened 1 new position, added to 3 and reduced 2 among the top 18 holdings.
What did Polen Capital Management own in Q2 2004? Top 18 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2004 |
|---|---|---|---|---|---|---|---|
| 1 | MDT Medtronic Inc | Healthcare | 8.0% | $142.1m | 2,916,603 | 0% | held |
| 2 | MSFT Microsoft Corp | Technology | 7.4% | $131.0m | 4,586,932 | 0% | held |
| 3 | McGraw Hill | 7.3% | $130.1m | 1,699,085 | -0% | held | |
| 4 | PEP Pepsico Inc | Consumer Defensive | 7.1% | $125.9m | 2,335,901 | -0% | held |
| 5 | KO Coca-Cola CO | Consumer Defensive | 6.9% | $121.7m | 2,410,357 | -0% | held |
| 6 | HSY Hershey Foods | Consumer Defensive | 6.8% | $121.0m | 2,614,294 | 101% | added |
| 7 | PFE Pfizer Inc | Healthcare | 6.4% | $113.7m | 3,316,396 | 0% | held |
| 8 | UPS UPS | Industrials | 6.3% | $111.0m | 1,477,226 | -0% | held |
| 9 | JNJ Johnson & Johnson | Healthcare | 6.1% | $107.8m | 1,935,044 | -0% | held |
| 10 | HOG Harley-Davidson Inc | Consumer Cyclical | 5.9% | $105.1m | 1,697,532 | 1% | added |
| 11 | MMM 3M Company | Industrials | 5.8% | $103.1m | 1,145,181 | -0% | held |
| 12 | Anheuser-Busch | 5.6% | $99.6m | 1,843,691 | -0% | held | |
| 13 | AXP American Express | Financial Services | 5.3% | $93.6m | 1,820,900 | -16% | reduced |
| 14 | Bershire Hathaway B | 5.1% | $90.6m | 30,670 | -20% | reduced | |
| 15 | AMGN Amgen Inc | Healthcare | 3.5% | $61.7m | 1,129,906 | 4% | added |
| 16 | Dell Computer Corp | 3.3% | $58.9m | 1,643,264 | -0% | held | |
| 17 | American Int'l Grp | 2.8% | $50.3m | 705,856 | – | new | |
| 18 | BRK/A Bershire Hathaway A | 0.3% | $6.1m | 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.