Polen Capital Management 13F holdings, Q3 2004
Holdings as of September 30, 2004 · filings on SEC EDGAR · latest filing →
Polen Capital Management disclosed 18 US equity positions worth $1.8bn in its Q3 2004 13F filing. The largest position was MDT at 8.9% of the reported book, followed by McGraw Hill and MSFT. Against the Q2 2004 filing, it opened 0 new positions, added to 16 and reduced 2 among the top 18 holdings.
What did Polen Capital Management own in Q3 2004? Top 18 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2004 |
|---|---|---|---|---|---|---|---|
| 1 | MDT Medtronic Inc | Healthcare | 8.9% | $163.4m | 3,149,331 | 8% | added |
| 2 | McGraw Hill | 7.9% | $145.6m | 1,827,343 | 8% | added | |
| 3 | MSFT Microsoft Corp | Technology | 7.4% | $137.1m | 4,959,518 | 8% | added |
| 4 | HSY Hershey Foods | Consumer Defensive | 7.1% | $131.2m | 2,809,194 | 7% | added |
| 5 | PEP Pepsico Inc | Consumer Defensive | 6.6% | $122.0m | 2,508,518 | 7% | added |
| 6 | JNJ Johnson & Johnson | Healthcare | 6.4% | $117.1m | 2,078,150 | 7% | added |
| 7 | AMGN Amgen Inc | Healthcare | 6.2% | $114.8m | 2,020,607 | 79% | added |
| 8 | PFE Pfizer Inc | Healthcare | 5.9% | $108.6m | 3,550,498 | 7% | added |
| 9 | HOG Harley-Davidson Inc | Consumer Cyclical | 5.9% | $108.5m | 1,825,837 | 8% | added |
| 10 | KO Coca-Cola CO | Consumer Defensive | 5.5% | $102.2m | 2,552,592 | 6% | added |
| 11 | AXP American Express | Financial Services | 5.5% | $100.6m | 1,954,890 | 7% | added |
| 12 | Anheuser-Busch | 5.4% | $99.4m | 1,989,482 | 8% | added | |
| 13 | MMM 3M Company | Industrials | 5.4% | $98.7m | 1,234,365 | 8% | added |
| 14 | Bershire Hathaway B | 5.1% | $93.8m | 32,687 | 7% | added | |
| 15 | UPS UPS | Industrials | 4.3% | $79.3m | 1,045,078 | -29% | reduced |
| 16 | Dell Computer Corp | 3.4% | $62.5m | 1,756,489 | 7% | added | |
| 17 | American Int'l Grp | 2.8% | $52.3m | 768,793 | 9% | added | |
| 18 | BRK/A Bershire Hathaway A | 0.3% | $4.8m | 55 | -20% | reduced |
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.