Polen Capital Management 13F holdings, Q1 2025
Holdings as of March 31, 2025 · filings on SEC EDGAR · latest filing →
Polen Capital Management disclosed 117 US equity positions worth $31.8bn in its Q1 2025 13F filing. The largest position was AMZN at 10.6% of the reported book, followed by MSFT and V. Against the Q4 2024 filing, it opened 1 new position, added to 14 and reduced 35 among the top 50 holdings.
What did Polen Capital Management own in Q1 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2024 |
|---|---|---|---|---|---|---|---|
| 1 | AMZN AMAZON COM INC | Consumer Cyclical | 10.6% | $3.4bn | 17,747,395 | -9% | reduced |
| 2 | MSFT MICROSOFT CORP | Technology | 7.0% | $2.2bn | 5,941,106 | -7% | reduced |
| 3 | V VISA INC | Financial Services | 6.6% | $2.1bn | 6,023,710 | -8% | reduced |
| 4 | ORCL ORACLE CORP | Technology | 5.5% | $1.8bn | 12,609,101 | 18% | added |
| 5 | MA MASTERCARD INCORPORATED | Financial Services | 5.5% | $1.8bn | 3,211,209 | -8% | reduced |
| 6 | ABT ABBOTT LABS | Healthcare | 4.7% | $1.5bn | 11,385,577 | -10% | reduced |
| 7 | SHOP SHOPIFY INC | Technology | 4.6% | $1.5bn | 15,270,075 | -11% | reduced |
| 8 | LLY ELI LILLY & CO | Healthcare | 4.6% | $1.4bn | 1,754,571 | 35% | added |
| 9 | ZTS ZOETIS INC | Healthcare | 4.5% | $1.4bn | 8,796,847 | 18% | added |
| 10 | AON AON PLC | Financial Services | 3.8% | $1.2bn | 3,007,719 | 318% | added |
| 11 | GOOG ALPHABET INC | Communication Services | 3.6% | $1.2bn | 7,434,428 | -33% | reduced |
| 12 | TMO THERMO FISHER SCIENTIFIC INC | Healthcare | 3.6% | $1.2bn | 2,322,482 | -6% | reduced |
| 13 | ADBE ADOBE INC | Technology | 3.4% | $1.1bn | 2,818,625 | -7% | reduced |
| 14 | MSCI MSCI INC | Financial Services | 3.3% | $1.1bn | 1,868,138 | -8% | reduced |
| 15 | ACCENTURE PLC IRELAND | 3.1% | $1.0bn | 3,208,478 | -9% | reduced | |
| 16 | ABNB AIRBNB INC | Consumer Cyclical | 2.9% | $923.0m | 7,726,604 | -6% | reduced |
| 17 | WDAY WORKDAY INC | Technology | 2.9% | $921.2m | 3,944,506 | -8% | reduced |
| 18 | NFLX NETFLIX INC | Communication Services | 2.6% | $828.2m | 888,072 | -49% | reduced |
| 19 | NOW SERVICENOW INC | Technology | 2.4% | $756.1m | 949,728 | -42% | reduced |
| 20 | PAYC PAYCOM SOFTWARE INC | Technology | 2.1% | $676.8m | 3,097,854 | -2% | reduced |
| 21 | AAPL APPLE INC | Technology | 1.9% | $595.6m | 2,681,114 | -57% | reduced |
| 22 | UNH UNITEDHEALTH GROUP INC | Healthcare | 1.7% | $543.4m | 1,037,575 | -8% | reduced |
| 23 | CSGP COSTAR GROUP INC | Real Estate | 1.6% | $523.1m | 6,601,800 | 2% | added |
| 24 | SBUX STARBUCKS CORP | Consumer Cyclical | 1.6% | $503.5m | 5,133,440 | – | new |
| 25 | IT GARTNER INC | Technology | 1.1% | $350.7m | 835,522 | -7% | reduced |
| 26 | SAP SAP SE | Technology | 0.5% | $145.7m | 542,699 | -46% | reduced |
| 27 | ISHARES TR | 0.4% | $139.2m | 385,522 | -23% | reduced | |
| 28 | MELI MERCADOLIBRE INC | Consumer Cyclical | 0.4% | $133.7m | 68,534 | 87% | added |
| 29 | WTW WILLIS TOWERS WATSON PLC LTD | Financial Services | 0.4% | $123.9m | 366,539 | 185% | added |
| 30 | ICLR ICON PLC | Healthcare | 0.3% | $111.1m | 635,052 | -11% | reduced |
| 31 | GOOGL ALPHABET INC | Communication Services | 0.3% | $94.5m | 610,910 | -50% | reduced |
| 32 | GLOB GLOBANT S A | Technology | 0.3% | $91.2m | 774,418 | 22% | added |
| 33 | NVO NOVO-NORDISK A S | Healthcare | 0.2% | $69.6m | 1,001,906 | -84% | reduced |
| 34 | MDT MEDTRONIC PLC | Healthcare | 0.2% | $56.6m | 629,483 | -20% | reduced |
| 35 | ADP AUTOMATIC DATA PROCESSING IN | Technology | 0.2% | $50.9m | 166,526 | -7% | reduced |
| 36 | ISHARES TR | 0.1% | $44.8m | 384,795 | 21% | added | |
| 37 | HDB HDFC BANK LTD | Financial Services | 0.1% | $43.3m | 651,063 | -16% | reduced |
| 38 | ASML ASML HOLDING N V | Technology | 0.1% | $34.9m | 52,677 | -15% | reduced |
| 39 | NU NU HLDGS LTD | Financial Services | 0.1% | $30.4m | 2,969,781 | 32% | added |
| 40 | TME TENCENT MUSIC ENTMT GROUP | Communication Services | 0.1% | $28.5m | 1,978,769 | 87% | added |
| 41 | SPOT SPOTIFY TECHNOLOGY S A | Communication Services | 0.1% | $21.3m | 38,749 | -36% | reduced |
| 42 | MNDY MONDAY COM LTD | Technology | 0.1% | $17.3m | 71,261 | 34% | added |
| 43 | EXLS EXLSERVICE HOLDINGS INC | Technology | 0.0% | $12.3m | 260,017 | -19% | reduced |
| 44 | ON HLDG AG | 0.0% | $10.5m | 238,933 | -14% | reduced | |
| 45 | PDD PDD HOLDINGS INC | Consumer Cyclical | 0.0% | $7.8m | 66,193 | -1% | reduced |
| 46 | HLNE HAMILTON LANE INC | Financial Services | 0.0% | $7.8m | 52,320 | -6% | reduced |
| 47 | MEDP MEDPACE HLDGS INC | Healthcare | 0.0% | $7.5m | 24,466 | 51% | added |
| 48 | GOOSEHEAD INS INC | 0.0% | $7.2m | 61,317 | -27% | reduced | |
| 49 | NSIT INSIGHT ENTERPRISES INC | Technology | 0.0% | $6.3m | 42,133 | 2% | added |
| 50 | CNM CORE & MAIN INC | Industrials | 0.0% | $6.0m | 124,953 | -8% | 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.