Polen Capital Management 13F holdings, Q1 2023
Holdings as of March 31, 2023 · filings on SEC EDGAR · latest filing →
Polen Capital Management disclosed 94 US equity positions worth $37.9bn in its Q1 2023 13F filing. The largest position was AMZN at 12.2% of the reported book, followed by MSFT and NFLX. Against the Q4 2022 filing, it opened 2 new positions, added to 10 and reduced 33 among the top 50 holdings.
What did Polen Capital Management own in Q1 2023? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2022 |
|---|---|---|---|---|---|---|---|
| 1 | AMZN AMAZON COM INC | Consumer Cyclical | 12.2% | $4.6bn | 44,882,757 | 28% | added |
| 2 | MSFT MICROSOFT CORP | Technology | 7.0% | $2.7bn | 9,241,270 | -3% | reduced |
| 3 | NFLX NETFLIX INC | Communication Services | 6.3% | $2.4bn | 6,958,228 | 0% | held |
| 4 | GOOG ALPHABET INC | Communication Services | 5.8% | $2.2bn | 21,307,629 | -19% | reduced |
| 5 | CRM SALESFORCE INC | Technology | 5.5% | $2.1bn | 10,514,664 | 0% | held |
| 6 | NOW SERVICENOW INC | Technology | 5.4% | $2.1bn | 4,412,757 | -1% | reduced |
| 7 | MA MASTERCARD INCORPORATED | Financial Services | 4.9% | $1.9bn | 5,160,257 | -2% | reduced |
| 8 | ADBE ADOBE SYSTEMS INCORPORATED | Technology | 4.9% | $1.9bn | 4,850,130 | -23% | reduced |
| 9 | V VISA INC | Financial Services | 4.8% | $1.8bn | 8,069,329 | -7% | reduced |
| 10 | ADSK AUTODESK INC | Technology | 4.3% | $1.6bn | 7,867,086 | -1% | reduced |
| 11 | ACCENTURE PLC IRELAND | 4.0% | $1.5bn | 5,346,794 | -2% | reduced | |
| 12 | ABNB AIRBNB INC | Consumer Cyclical | 3.9% | $1.5bn | 11,902,558 | 1% | added |
| 13 | ABT ABBOTT LABS | Healthcare | 3.8% | $1.4bn | 14,249,447 | -3% | reduced |
| 14 | TMO THERMO FISHER SCIENTIFIC INC | Healthcare | 3.5% | $1.3bn | 2,270,936 | 4% | added |
| 15 | UNH UNITEDHEALTH GROUP INC | Healthcare | 3.4% | $1.3bn | 2,712,634 | -0% | held |
| 16 | ILMN ILLUMINA INC | Healthcare | 3.1% | $1.2bn | 5,082,478 | 1% | added |
| 17 | PYPL PAYPAL HLDGS INC | Financial Services | 2.5% | $950.8m | 12,520,376 | 2% | added |
| 18 | ZTS ZOETIS INC | Healthcare | 2.4% | $921.0m | 5,533,674 | -1% | reduced |
| 19 | IT GARTNER INC | Technology | 2.3% | $882.0m | 2,707,371 | -1% | reduced |
| 20 | NKE NIKE INC | Consumer Cyclical | 2.1% | $794.1m | 6,475,261 | -1% | reduced |
| 21 | ALGN ALIGN TECHNOLOGY INC | Healthcare | 1.4% | $541.8m | 1,621,415 | -3% | reduced |
| 22 | DOCU DOCUSIGN INC | Technology | 1.3% | $494.4m | 8,480,109 | 3% | added |
| 23 | ICLR ICON PLC | Healthcare | 0.8% | $317.5m | 1,486,714 | -3% | reduced |
| 24 | AON AON PLC | Financial Services | 0.7% | $260.0m | 824,504 | -17% | reduced |
| 25 | GOOGL ALPHABET INC | Communication Services | 0.6% | $236.7m | 2,282,136 | -35% | reduced |
| 26 | SAP SAP SE | Technology | 0.4% | $166.6m | 1,316,552 | -2% | reduced |
| 27 | ADP AUTOMATIC DATA PROCESSING IN | Technology | 0.3% | $119.7m | 537,453 | 0% | held |
| 28 | MELI MERCADOLIBRE INC | Consumer Cyclical | 0.2% | $66.8m | 50,654 | 31% | added |
| 29 | MDT MEDTRONIC PLC | Healthcare | 0.2% | $64.7m | 802,374 | -1% | reduced |
| 30 | ASML ASML HOLDING N V | Technology | 0.1% | $45.1m | 66,229 | -4% | reduced |
| 31 | UNILEVER PLC | 0.1% | $41.3m | 795,332 | -5% | reduced | |
| 32 | SHOP SHOPIFY INC | Technology | 0.1% | $39.2m | 817,385 | -4% | reduced |
| 33 | ISHARES TR | 0.1% | $33.5m | 136,912 | -95% | reduced | |
| 34 | GLOB GLOBANT S A | Technology | 0.1% | $32.9m | 200,552 | -6% | reduced |
| 35 | EL LAUDER ESTEE COS INC | Consumer Defensive | 0.1% | $29.7m | 120,452 | -3% | reduced |
| 36 | TME TENCENT MUSIC ENTMT GROUP | Communication Services | 0.1% | $28.2m | 3,406,947 | 2337% | added |
| 37 | HDB HDFC BANK LTD | Financial Services | 0.1% | $19.7m | 296,215 | -6% | reduced |
| 38 | LVS LAS VEGAS SANDS CORP | Consumer Cyclical | 0.0% | $18.6m | 324,148 | 3482% | added |
| 39 | ATHM AUTOHOME INC | Communication Services | 0.0% | $16.7m | 500,307 | – | new |
| 40 | FIVE FIVE BELOW INC | Consumer Cyclical | 0.0% | $15.3m | 74,490 | -18% | reduced |
| 41 | GOOSEHEAD INS INC | 0.0% | $15.2m | 290,768 | -1% | reduced | |
| 42 | DLO DLOCAL LTD | Technology | 0.0% | $14.6m | 898,034 | 2056% | added |
| 43 | EPAM EPAM SYS INC | Technology | 0.0% | $13.3m | 44,628 | – | new |
| 44 | HLI HOULIHAN LOKEY INC | Financial Services | 0.0% | $12.0m | 137,581 | -3% | reduced |
| 45 | FOXF FOX FACTORY HLDG CORP | Consumer Cyclical | 0.0% | $11.7m | 96,524 | -5% | reduced |
| 46 | RVLV REVOLVE GROUP INC | Consumer Cyclical | 0.0% | $11.3m | 431,086 | -0% | held |
| 47 | ISHARES TR | 0.0% | $10.1m | 110,412 | -75% | reduced | |
| 48 | WING WINGSTOP INC | Consumer Cyclical | 0.0% | $9.6m | 52,473 | -26% | reduced |
| 49 | PGNY PROGYNY INC | Healthcare | 0.0% | $9.3m | 290,399 | -1% | reduced |
| 50 | HLNE HAMILTON LANE INC | Financial Services | 0.0% | $9.1m | 122,364 | -3% | 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.