Polen Capital Management 13F holdings, Q4 2004
Holdings as of December 31, 2004 · filings on SEC EDGAR · latest filing →
Polen Capital Management disclosed 17 US equity positions worth $1.8bn in its Q4 2004 13F filing. The largest position was McGraw Hill at 9.0% of the reported book, followed by MDT and HSY. Against the Q3 2004 filing, it opened 0 new positions, added to 2 and reduced 14 among the top 17 holdings.
What did Polen Capital Management own in Q4 2004? Top 17 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2004 |
|---|---|---|---|---|---|---|---|
| 1 | McGraw Hill | 9.0% | $164.2m | 1,793,492 | -2% | reduced | |
| 2 | MDT Medtronic Inc | Healthcare | 8.4% | $153.3m | 3,086,298 | -2% | reduced |
| 3 | HSY Hershey Foods | Consumer Defensive | 8.3% | $152.7m | 2,748,566 | -2% | reduced |
| 4 | MSFT Microsoft Corp | Technology | 7.1% | $130.4m | 4,878,628 | -2% | reduced |
| 5 | JNJ Johnson & Johnson | Healthcare | 7.1% | $129.3m | 2,038,061 | -2% | reduced |
| 6 | PEP Pepsico Inc | Consumer Defensive | 7.0% | $128.5m | 2,461,087 | -2% | reduced |
| 7 | AMGN Amgen Inc | Healthcare | 6.9% | $127.2m | 1,982,178 | -2% | reduced |
| 8 | HOG Harley-Davidson Inc | Consumer Cyclical | 6.5% | $118.6m | 1,951,953 | 7% | added |
| 9 | AXP American Express | Financial Services | 5.9% | $107.6m | 1,908,173 | -2% | reduced |
| 10 | PFE Pfizer Inc | Healthcare | 5.8% | $106.5m | 3,961,173 | 12% | added |
| 11 | MMM 3M Company | Industrials | 5.4% | $99.2m | 1,208,626 | -2% | reduced |
| 12 | Anheuser-Busch | 5.4% | $98.8m | 1,947,755 | -2% | reduced | |
| 13 | Bershire Hathaway B | 5.1% | $94.0m | 32,032 | -2% | reduced | |
| 14 | UPS UPS | Industrials | 4.8% | $87.5m | 1,024,399 | -2% | reduced |
| 15 | Dell Computer Corp | 4.0% | $72.7m | 1,724,855 | -2% | reduced | |
| 16 | KO Coca-Cola CO | Consumer Defensive | 3.0% | $55.4m | 1,329,516 | -48% | reduced |
| 17 | BRK/A Bershire Hathaway A | 0.3% | $4.8m | 55 | 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.