Polen Capital Management 13F holdings, Q1 2005
Holdings as of March 31, 2005 · filings on SEC EDGAR · latest filing →
Polen Capital Management disclosed 19 US equity positions worth $1.9bn in its Q1 2005 13F filing. The largest position was MDT at 8.5% of the reported book, followed by McGraw Hill and JNJ. Against the Q4 2004 filing, it opened 2 new positions, added to 13 and reduced 4 among the top 19 holdings.
What did Polen Capital Management own in Q1 2005? Top 19 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2004 |
|---|---|---|---|---|---|---|---|
| 1 | MDT Medtronic Inc | Healthcare | 8.5% | $164.1m | 3,221,228 | 4% | added |
| 2 | McGraw Hill | 8.4% | $162.8m | 1,866,059 | 4% | added | |
| 3 | JNJ Johnson & Johnson | Healthcare | 7.4% | $143.4m | 2,135,697 | 5% | added |
| 4 | PEP Pepsico Inc | Consumer Defensive | 7.1% | $136.5m | 2,573,469 | 5% | added |
| 5 | HSY The Hershey Company | Consumer Defensive | 6.7% | $128.3m | 2,121,968 | -23% | reduced |
| 6 | MSFT Microsoft Corp | Technology | 6.4% | $123.7m | 5,119,933 | 5% | added |
| 7 | MMM 3M Company | Industrials | 6.3% | $121.9m | 1,422,408 | 18% | added |
| 8 | AMGN Amgen Inc | Healthcare | 6.3% | $120.6m | 2,072,482 | 5% | added |
| 9 | Dell Computer Corp | 6.1% | $118.6m | 3,087,599 | 79% | added | |
| 10 | HOG Harley-Davidson Inc | Consumer Cyclical | 6.1% | $118.1m | 2,043,860 | 5% | added |
| 11 | AXP American Express | Financial Services | 6.0% | $115.1m | 2,240,729 | 17% | added |
| 12 | UPS UPS | Industrials | 5.9% | $113.1m | 1,554,968 | 52% | added |
| 13 | PFE Pfizer Inc | Healthcare | 3.3% | $64.1m | 2,439,365 | -38% | reduced |
| 14 | CSCO Cisco Sys Inc | Technology | 3.2% | $61.0m | 3,412,143 | – | new |
| 15 | Anheuser-Busch | 3.0% | $58.6m | 1,236,867 | -36% | reduced | |
| 16 | KO Coca-Cola CO | Consumer Defensive | 3.0% | $58.5m | 1,403,016 | 6% | added |
| 17 | Bed Bath & Beyond | 2.9% | $56.8m | 1,555,580 | – | new | |
| 18 | Bershire Hathaway B | 2.9% | $56.0m | 19,605 | -39% | reduced | |
| 19 | BRK/A Bershire Hathaway A | 0.4% | $7.7m | 89 | 62% | added |
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.