WhaleCreep

Polen Capital 13F holdings, Q1 2021

Long-only investorSEC filingsCompare with another fundHoldings as of 2021-03-31, filed 2021-05-12

Polen Capital disclosed 71 US equity positions worth $44.5bn in its Q1 2021 13F filing. Its largest position is META at 8.3% of the reported book, followed by MSFT and GOOG. Versus Q4 2020 it opened 6 new positions, added to 53, reduced 10 and exited 7.

$44.5bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
71
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
8.3%
Largest position
The largest single position as a share of the reported equity book.
58.9%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
21
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
110
Quarters on file since Q1 1999
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q4 2020: 6 new, 53 added, 10 reduced, 7 exited

50 of 71
META META PLATFORMS INCCommunication Services8.3%$3.7bn12.50m+1.4%added
MSFT MICROSOFT CORPTechnology8.2%$3.6bn15.38m+1.5%added
GOOG ALPHABET INCCommunication Services7.2%$3.2bn1.55m−9.7%reduced
ADBE ADOBE INCTechnology6.5%$2.9bn6.06m+2.6%added
ABT ABBOTT LABORATORIESHealthcare5.6%$2.5bn20.71m+1.1%added
ACCENTURE PLC IRELAND no ticker–4.9%$2.2bn7.93m+1.9%added
MA MASTERCARD INCFinancial Services4.7%$2.1bn5.86m+1.3%added
V VISA INCFinancial Services4.7%$2.1bn9.83m+2.3%added
AMZN AMAZON COM INCConsumer Cyclical4.5%$2.0bn645,536–new
CRM SALESFORCE INCTechnology4.4%$2.0bn9.23m+31%added
ZTS ZOETIS INCHealthcare4.1%$1.8bn11.59m+2.2%added
NOW SERVICENOW INCTechnology3.8%$1.7bn3.35m+3.1%added
ADSK AUTODESK INCTechnology3.6%$1.6bn5.72m−11%reduced
PYPL PAYPAL HLDGS INCFinancial Services3.5%$1.6bn6.43m−19%reduced
SBUX STARBUCKS CORPConsumer Cyclical3.5%$1.5bn14.05m+1.8%added
UNH UNITEDHEALTH GROUP INCHealthcare3.0%$1.3bn3.57m+2.8%added
NFLX NETFLIX INC.Communication Services2.8%$1.2bn2.35m–new
IT GARTNER INCTechnology2.6%$1.2bn6.32m0.0%held
NKE NIKE INCConsumer Cyclical2.2%$994m7.48m+2.5%added
GOOGL ALPHABET INCCommunication Services2.2%$985m477,409+3.3%added
ILMN ILLUMINA INCHealthcare2.1%$913m2.38m+2.1%added
ALGN ALIGN TECHNOLOGY INCHealthcare1.9%$847m1.56m−40%reduced
ISRG INTUITIVE SURGICAL INCHealthcare1.7%$766m1.04m+2.7%added
MSCI MSCI INCFinancial Services1.3%$573m1.37m−25%reduced
BABA ALIBABA GROUP HLDG LTDConsumer Cyclical0.7%$309m1.36m+12%added
ICLR ICON PLCHealthcare0.3%$151m767,550+23%added
AON AON PLCFinancial Services0.3%$121m526,184+39%added
MDT Medtronic PlcHealthcare0.2%$105m887,449+8.8%added
NEW ORIENTAL ED & TECHNOLOGY no ticker–0.2%$101m7.19m+1264%added
SAP SAP SETechnology0.2%$82.8m674,210+2.8%added
EL LAUDER ESTEE COS INCConsumer Defensive0.1%$47.4m162,841+0.1%held
ADP AUTOMATIC DATA PROCESSING INTechnology0.1%$45.4m241,129−38%reduced
IWF ISHARES TR–0.10%$43.0m176,917+180%added
UNILEVER PLC no ticker–0.06%$28.6m511,928−24%reduced
ETSY ETSY INCConsumer Cyclical0.04%$16.6m82,144+11%added
FOXF FOX FACTORY HLDG CORPConsumer Cyclical0.03%$15.2m119,659+22%added
RVLV REVOLVE GROUP INCConsumer Cyclical0.03%$15.1m336,599+24%added
GLOB GLOBANT S ATechnology0.03%$15.0m72,353+20%added
WING WINGSTOP INCConsumer Cyclical0.03%$13.8m108,391+42%added
MEDP MEDPACE HLDGS INCHealthcare0.03%$13.4m81,948+21%added
GSHD GOOSEHEAD INS INCFinancial Services0.03%$13.4m125,010+61%added
EXPO EXPONENT INCIndustrials0.03%$12.6m129,515+22%added
ALRM ALARM COM HLDGS INCTechnology0.03%$12.0m138,601+21%added
DAVA ENDAVA PLCTechnology0.03%$11.4m134,349+56%added
BL BLACKLINE INCTechnology0.03%$11.3m104,517+25%added
DUCK CREEK TECHNOLOGIES INC no ticker–0.03%$11.3m249,436–new
APPF APPFOLIO INCTechnology0.02%$10.9m76,817+21%added
PGNY PROGYNY INCHealthcare0.02%$9.9m221,805–new
YETI YETI HLDGS INCConsumer Cyclical0.02%$9.5m131,131+24%added
EEFT EURONET WORLDWIDE INCTechnology0.02%$8.5m61,161+20%added

Exited since Q4 2020

7 rows
DG DOLLAR GEN CORP2.8%$1.2bn
REGN REGENERON PHARMACEUTICALS2.2%$968m
WDFC WD 40 CO0.02%$9.5m
TREE LENDINGTREE INC0.01%$4.6m
ACWX ISHARES TR0.01%$3.6m
ACWI ISHARES TR0.0%$1.1m
ORCL ORACLE CORP0.0%$774k

Sector mix

  • Technology29.4%
  • Communication Services20.5%
  • Healthcare19.0%
  • Financial Services14.5%
  • Consumer Cyclical11.1%
  • Unclassified5.4%
  • Consumer Defensive0.1%
  • Industrials0.06%

Book over time

Every quarter on file (110)
QuarterPositionsEquity book
Q2 2026219$11.6bn
Q1 2026221$14.5bn
Q4 2025231$23.4bn
Q3 2025232$30.8bn
Q2 2025240$32.6bn
Q1 2025117$31.8bn
Q4 2024124$37.0bn
Q3 2024118$38.7bn
Q2 2024110$39.9bn
Q1 2024104$43.3bn
Q4 2023107$41.5bn
Q3 202399$38.0bn
Q2 2023100$40.3bn
Q1 202394$37.9bn
Q4 202293$34.3bn
Q3 202285$35.8bn
Q2 202284$37.9bn
Q1 202291$51.3bn
Q4 202192$59.5bn
Q3 202191$54.5bn
Q2 202181$52.2bn
Q1 202171$44.5bn
Q4 202072$43.0bn
Q3 202065$37.4bn
Q2 202063$33.1bn
Q1 202063$23.1bn
Q4 201962$25.4bn
Q3 201958$21.7bn
Q2 201956$20.6bn
Q1 201959$19.1bn
Q4 201858$15.3bn
Q3 201858$17.6bn
Q2 201859$15.6bn
Q1 201856$14.1bn
Q4 201753$13.5bn
Q3 201735$12.4bn
Q2 201729$11.4bn
Q1 201726$10.7bn
Q4 201626$9.1bn
Q3 201627$8.4bn
Q2 201627$7.9bn
Q1 201627$7.3bn
Q4 201526$6.5bn
Q3 201524$5.5bn
Q2 201524$5.2bn
Q1 201524$5.1bn
Q4 201423$4.9bn
Q3 201422$4.4bn
Q2 201425$4.6bn
Q1 201423$4.6bn
Q4 201323$4.5bn
Q3 201324$4.3bn
Q2 201326$4.2bn
Q1 201324$4.7bn
Q4 201218$4.3bn
Q3 201217$4.2bn
Q2 201218$3.8bn
Q1 201217$3.3bn
Q4 201118$2.2bn
Q3 201117$1.7bn
Q2 201117$1.7bn
Q1 201117$1.4bn
Q4 201016$1.0bn
Q3 201017$903m
Q2 201016$643m
Q1 201017$692m
Q4 200917$581m
Q3 200917$461m
Q2 200918$348m
Q1 200918$260m
Q4 200820$243m
Q3 200819$308m
Q2 200819$320m
Q1 200821$516m
Q4 200719$621m
Q3 200719$589m
Q2 200723$580m
Q1 200721$607m
Q4 200621$646m
Q3 200620$626m
Q2 200620$841m
Q1 200618$1.2bn
Q4 200520$1.8bn
Q3 200519$2.0bn
Q2 200519$1.9bn
Q1 200519$1.9bn
Q4 200417$1.8bn
Q3 200418$1.8bn
Q2 200418$1.8bn
Q1 200418$1.6bn
Q4 200319$1.6bn
Q3 200319$1.3bn
Q2 200318$1.2bn
Q1 200318$968m
Q4 200218$910m
Q3 200218$733m
Q2 200218$719m
Q1 200218$719m
Q4 200117$608m
Q3 200117$556m
Q2 200114$494m
Q1 200116$569m
Q4 200017$559m
Q3 200017$645m
Q2 200017$623m
Q1 200017$625m
Q4 199917$613m
Q3 199917$539m
Q2 199920$504m
Q1 199919$443m

Where Polen Capital was early

45 rows
UPS UPSQ2 20001 of 1745.3%8.4%27Exited by Q1 2007+27%
HSY The Hershey CompanyQ3 20011 of 1256.5%8.3%21Exited by Q4 2006+64%
PFE Pfizer IncQ3 20012 of 2086.9%7.6%18Exited by Q1 2006−42%
PEP PEPSICO INCQ4 20021 of 1393.9%7.9%23Exited by Q4 2025+233%
GD General DynamicsQ4 20023 of 1346.1%6.1%6Exited by Q2 2004+13%
JNJ Johnson & JohnsonQ3 20032 of 1693.0%7.4%16Exited by Q3 2007+24%
HOG Harley-Davidson IncQ4 20032 of 1202.9%6.5%15Exited by Q3 2007+25%
MMM 3M CompanyQ4 20032 of 1655.7%6.3%15Exited by Q3 2007+2.1%
CSCO Cisco Sys IncQ1 20054 of 1703.2%8.7%23Exited by Q4 2010+22%
ORCL ORACLE CORPQ3 20054 of 2565.5%8.5%73Held at last filing, Q2 2026+1082%
ADBE ADOBE INCQ2 20063 of 2752.2%9.9%54Held at last filing, Q2 2026+575%
SYK StrykerQ2 20063 of 1502.0%6.7%12Exited by Q2 2009−19%
EBAY Ebay IncQ2 20068 of 1861.9%5.9%11Exited by Q2 2014+89%
NKE NIKE INCQ3 20064 of 2083.2%8.4%59Exited by Q4 2025+537%
ADSK AUTODESK INCQ4 20062 of 2173.1%6.5%32Exited by Q1 2026+632%
ABT ABBOTT LABORATORIESQ4 20065 of 1814.8%7.5%61Held at last filing, Q2 2026+288%
ADP AUTOMATIC DATA PROCESSING INQ1 20076 of 1486.2%6.5%58Exited by Q1 2026+570%
MA MASTERCARD INCORPORATEDQ3 20076 of 2633.3%8.5%71Held at last filing, Q2 2026+3371%
CHRW CH Robinson IncQ1 20082 of 1341.6%6.9%23Exited by Q4 2013+9.5%
EXPD Expeditors IntlQ1 20084 of 1203.5%3.8%6Exited by Q3 2009−26%
QCOM Qualcomm IncQ1 200814 of 2463.1%7.5%26Exited by Q3 2014+93%
FDS FACTSET RESH SYS INCQ3 20084 of 1300.07%4.8%16Exited by Q2 2015+205%
V VISA INCQ3 20089 of 2842.1%8.6%61Held at last filing, Q2 2026+2135%
AMZN AMAZON COM INCQ4 20083 of 3782.0%14.4%32Held at last filing, Q2 2026+9196%
GILD Gilead IncQ1 20096 of 1814.2%6.7%6Exited by Q3 2010−26%
AAPL APPLE INCQ1 200914 of 2755.0%10.5%44Held at last filing, Q2 2026+7607%
SBUX STARBUCKS CORPQ3 20102 of 2172.7%7.0%56Held at last filing, Q2 2026+700%
TROW Price T Rowe Group IncQ4 20106 of 1205.2%7.0%15Exited by Q3 2014+31%
CTSH Cognizant Tech SolQ1 20113 of 1493.9%7.4%9Exited by Q2 2013−5.9%
ISRG INTUITIVE SURGICAL INCQ2 20112 of 1893.3%6.4%21Held at last filing, Q2 2026+862%
INTU INTUITQ4 20114 of 2392.0%5.7%11Exited by Q2 2026+722%
GWW GRAINGER W W INCQ4 20123 of 1202.0%4.3%12Exited by Q4 2015+6.3%
IT GARTNER INCQ1 20131 of 1331.3%5.0%53Exited by Q2 2026+191%
FAST FASTENAL COQ1 20137 of 1422.1%4.3%18Exited by Q3 2017−15%
REGN REGENERON PHARMACEUTICALSQ2 20133 of 1710.01%6.8%34Exited by Q2 2022+211%
META META PLATFORMS INCQ3 201315 of 3842.8%8.8%38Held at last filing, Q2 2026+1021%
TJX TJX COS INC NEWQ4 20135 of 1852.0%5.5%16Exited by Q4 2017+16%
ORLY OREILLY AUTOMOTIVE INCQ3 20146 of 1623.0%6.5%26Exited by Q2 2022+356%
CELG CELGENE CORPQ4 20149 of 1343.7%6.1%15Exited by Q3 2018−29%
GOOG ALPHABET INCQ4 201528 of 3506.3%8.2%43Held at last filing, Q2 2026+831%
ALGN ALIGN TECHNOLOGY INCQ1 20166 of 1781.5%5.2%36Exited by Q1 2025+187%
BKNG BOOKING HOLDINGS INCQ1 201824 of 3133.4%3.4%12Exited by Q2 2022+13%
NVDA NVIDIA CORPORATIONQ3 201839 of 3974.0%6.9%7Held at last filing, Q2 2026+2748%
MSCI MSCI INCQ3 201914 of 1762.1%3.5%23Held at last filing, Q2 2026+157%
ABNB AIRBNB INCQ3 202119 of 2532.9%4.3%20Held at last filing, Q2 2026−15%

Concentration and tenure

9.0%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
65.1%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
4
Median completed holding, quarters