Polen Capital Management 13F holdings, Q4 2023
Holdings as of December 31, 2023 · filings on SEC EDGAR · latest filing →
Polen Capital Management disclosed 107 US equity positions worth $41.5bn in its Q4 2023 13F filing. The largest position was AMZN at 13.3% of the reported book, followed by MSFT and NOW. Against the Q3 2023 filing, it opened 3 new positions, added to 7 and reduced 38 among the top 50 holdings.
What did Polen Capital Management own in Q4 2023? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2023 |
|---|---|---|---|---|---|---|---|
| 1 | AMZN AMAZON COM INC | Consumer Cyclical | 13.3% | $5.5bn | 36,275,937 | -3% | reduced |
| 2 | MSFT MICROSOFT CORP | Technology | 9.0% | $3.7bn | 9,956,252 | 39% | added |
| 3 | NOW SERVICENOW INC | Technology | 6.5% | $2.7bn | 3,796,364 | -5% | reduced |
| 4 | GOOG ALPHABET INC | Communication Services | 6.4% | $2.6bn | 18,794,822 | -4% | reduced |
| 5 | ADBE ADOBE INC | Technology | 6.0% | $2.5bn | 4,155,287 | -4% | reduced |
| 6 | NFLX NETFLIX INC | Communication Services | 4.8% | $2.0bn | 4,081,206 | -37% | reduced |
| 7 | MA MASTERCARD INCORPORATED | Financial Services | 4.8% | $2.0bn | 4,646,772 | -3% | reduced |
| 8 | CRM SALESFORCE INC | Technology | 4.6% | $1.9bn | 7,275,372 | -5% | reduced |
| 9 | V VISA INC | Financial Services | 4.6% | $1.9bn | 7,291,781 | -4% | reduced |
| 10 | ACCENTURE PLC IRELAND | 4.1% | $1.7bn | 4,800,967 | -4% | reduced | |
| 11 | ABT ABBOTT LABS | Healthcare | 3.6% | $1.5bn | 13,488,308 | 0% | held |
| 12 | ABNB AIRBNB INC | Consumer Cyclical | 3.5% | $1.4bn | 10,561,868 | -5% | reduced |
| 13 | UNH UNITEDHEALTH GROUP INC | Healthcare | 3.1% | $1.3bn | 2,435,074 | -4% | reduced |
| 14 | PYPL PAYPAL HLDGS INC | Financial Services | 3.1% | $1.3bn | 20,794,484 | -4% | reduced |
| 15 | ADSK AUTODESK INC | Technology | 3.0% | $1.2bn | 5,122,109 | -4% | reduced |
| 16 | TMO THERMO FISHER SCIENTIFIC INC | Healthcare | 2.6% | $1.1bn | 2,033,120 | -5% | reduced |
| 17 | WDAY WORKDAY INC | Technology | 2.5% | $1.0bn | 3,768,793 | -5% | reduced |
| 18 | ZTS ZOETIS INC | Healthcare | 2.4% | $981.3m | 4,971,744 | -4% | reduced |
| 19 | NVO NOVO-NORDISK A S | Healthcare | 2.0% | $823.3m | 7,958,444 | 1% | added |
| 20 | IT GARTNER INC | Technology | 2.0% | $815.0m | 1,806,738 | -6% | reduced |
| 21 | NKE NIKE INC | Consumer Cyclical | 1.5% | $641.0m | 5,904,020 | -4% | reduced |
| 22 | ALGN ALIGN TECHNOLOGY INC | Healthcare | 0.8% | $347.5m | 1,268,118 | -18% | reduced |
| 23 | GOOGL ALPHABET INC | Communication Services | 0.7% | $298.8m | 2,138,915 | -1% | reduced |
| 24 | AON AON PLC | Financial Services | 0.6% | $238.6m | 819,616 | 1% | added |
| 25 | SAP SAP SE | Technology | 0.5% | $192.1m | 1,242,694 | -2% | reduced |
| 26 | ADP AUTOMATIC DATA PROCESSING IN | Technology | 0.3% | $117.3m | 503,272 | 1% | added |
| 27 | GOOSEHEAD INS INC | 0.2% | $81.0m | 151,971 | -32% | reduced | |
| 28 | ISHARES TR | 0.2% | $81.0m | 101,590 | 87% | added | |
| 29 | MDT MEDTRONIC PLC | Healthcare | 0.2% | $81.0m | 983,504 | 24% | added |
| 30 | LLY ELI LILLY & CO | Healthcare | 0.2% | $81.0m | 594,801 | -5% | reduced |
| 31 | HELE HELEN OF TROY LTD | Consumer Defensive | 0.2% | $81.0m | 20,112 | -9% | reduced |
| 32 | ILMN ILLUMINA INC | Healthcare | 0.2% | $81.0m | 33,913 | -99% | reduced |
| 33 | KARO KAROOOOO LTD | 0.2% | $81.0m | 9,250 | -84% | reduced | |
| 34 | MSCI MSCI INC | Financial Services | 0.2% | $76.6m | 135,306 | -3% | reduced |
| 35 | HLI HOULIHAN LOKEY INC | Financial Services | 0.2% | $67.9m | 127,298 | -1% | reduced |
| 36 | MELI MERCADOLIBRE INC | Consumer Cyclical | 0.2% | $67.9m | 43,180 | -11% | reduced |
| 37 | ISHARES TR | 0.2% | $67.9m | 415,395 | 39% | added | |
| 38 | LVS LAS VEGAS SANDS CORP | Consumer Cyclical | 0.2% | $67.9m | 232,636 | -27% | reduced |
| 39 | HLNE HAMILTON LANE INC | Financial Services | 0.2% | $67.9m | 95,403 | -17% | reduced |
| 40 | SGOV ISHARES TR | 0.2% | $67.9m | 5,005 | – | new | |
| 41 | MKTX MARKETAXESS HLDGS INC | Financial Services | 0.2% | $67.9m | 4,461 | – | new |
| 42 | SHOP SHOPIFY INC | Technology | 0.1% | $60.8m | 779,876 | -3% | reduced |
| 43 | BIL SPDR SER TR | 0.1% | $55.4m | 606,590 | – | new | |
| 44 | ASML ASML HOLDING N V | Technology | 0.1% | $36.2m | 47,776 | -27% | reduced |
| 45 | FORUM ENERGY TECHNOLOGIES IN | 0.1% | $24.4m | 25,153,049 | 0% | held | |
| 46 | TME TENCENT MUSIC ENTMT GROUP | Communication Services | 0.1% | $23.4m | 2,596,369 | -26% | reduced |
| 47 | UNILEVER PLC | 0.1% | $22.7m | 467,948 | -40% | reduced | |
| 48 | DLO DLOCAL LTD | Technology | 0.1% | $21.3m | 1,202,241 | -37% | reduced |
| 49 | ALIGHT INC | 0.0% | $13.1m | 1,530,608 | -10% | reduced | |
| 50 | PGNY PROGYNY INC | Healthcare | 0.0% | $12.7m | 340,461 | -2% | 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.