Polen Capital Management 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Polen Capital Management disclosed 232 US equity positions worth $30.8bn in its Q3 2025 13F filing. The largest position was ORCL at 8.5% of the reported book, followed by MSFT and AMZN. Against the Q2 2025 filing, it opened 7 new positions, added to 8 and reduced 35 among the top 50 holdings.
What did Polen Capital Management own in Q3 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | ORCL ORACLE CORP | Technology | 8.5% | $2.6bn | 9,288,638 | -22% | reduced |
| 2 | MSFT MICROSOFT CORP | Technology | 8.4% | $2.6bn | 5,020,158 | -7% | reduced |
| 3 | AMZN AMAZON COM INC | Consumer Cyclical | 8.0% | $2.5bn | 11,246,528 | -19% | reduced |
| 4 | SHOP SHOPIFY INC | Technology | 5.3% | $1.6bn | 11,060,906 | -25% | reduced |
| 5 | MA MASTERCARD INCORPORATED | Financial Services | 5.1% | $1.6bn | 2,741,243 | -8% | reduced |
| 6 | V VISA INC | Financial Services | 4.8% | $1.5bn | 4,340,224 | -23% | reduced |
| 7 | AVGO BROADCOM INC | Technology | 4.8% | $1.5bn | 4,485,854 | – | new |
| 8 | LLY ELI LILLY & CO | Healthcare | 4.0% | $1.2bn | 1,622,967 | -7% | reduced |
| 9 | NVDA NVIDIA CORPORATION | Technology | 3.8% | $1.2bn | 6,297,034 | 36850% | added |
| 10 | GOOG ALPHABET INC | Communication Services | 3.7% | $1.1bn | 4,640,242 | -29% | reduced |
| 11 | ZTS ZOETIS INC | Healthcare | 3.6% | $1.1bn | 7,516,911 | -11% | reduced |
| 12 | NOW SERVICENOW INC | Technology | 3.4% | $1.0bn | 1,124,076 | -4% | reduced |
| 13 | ABT ABBOTT LABS | Healthcare | 3.2% | $993.9m | 7,420,604 | -30% | reduced |
| 14 | MSCI MSCI INC | Financial Services | 2.9% | $898.7m | 1,583,939 | -9% | reduced |
| 15 | AON AON PLC | Financial Services | 2.9% | $887.9m | 2,490,167 | -9% | reduced |
| 16 | SBUX STARBUCKS CORP | Consumer Cyclical | 2.4% | $751.3m | 8,881,141 | -8% | reduced |
| 17 | IDXX IDEXX LABS INC | Healthcare | 2.3% | $720.1m | 1,127,147 | -6% | reduced |
| 18 | ADBE ADOBE INC | Technology | 2.1% | $655.1m | 1,857,198 | -45% | reduced |
| 19 | ACCENTURE PLC IRELAND | 2.0% | $607.1m | 2,461,759 | -16% | reduced | |
| 20 | NFLX NETFLIX INC | Communication Services | 1.9% | $574.1m | 478,880 | -41% | reduced |
| 21 | PAYC PAYCOM SOFTWARE INC | Technology | 1.8% | $548.7m | 2,636,423 | -9% | reduced |
| 22 | BSX BOSTON SCIENTIFIC CORP | Healthcare | 1.8% | $546.6m | 5,598,286 | – | new |
| 23 | CSGP COSTAR GROUP INC | Real Estate | 1.7% | $538.4m | 6,380,909 | -8% | reduced |
| 24 | SNPS SYNOPSYS INC | Technology | 1.7% | $515.5m | 1,044,800 | – | new |
| 25 | ABNB AIRBNB INC | Consumer Cyclical | 1.6% | $482.6m | 3,974,571 | -46% | reduced |
| 26 | INTU INTUIT | Technology | 1.5% | $451.9m | 661,727 | – | new |
| 27 | WDAY WORKDAY INC | Technology | 1.5% | $448.3m | 1,862,271 | -48% | reduced |
| 28 | UBER UBER TECHNOLOGIES INC | Technology | 1.5% | $447.8m | 4,570,653 | 24572% | added |
| 29 | MELI MERCADOLIBRE INC | Consumer Cyclical | 0.4% | $115.7m | 49,515 | -20% | reduced |
| 30 | GOOGL ALPHABET INC | Communication Services | 0.4% | $115.1m | 473,431 | -24% | reduced |
| 31 | ISHARES TR | 0.3% | $106.7m | 227,851 | 1% | added | |
| 32 | SAP SAP SE | Technology | 0.3% | $92.2m | 344,952 | -29% | reduced |
| 33 | ICLR ICON PLC | Healthcare | 0.3% | $77.6m | 443,461 | -18% | reduced |
| 34 | WTW WILLIS TOWERS WATSON PLC LTD | Financial Services | 0.2% | $75.9m | 219,784 | -30% | reduced |
| 35 | TMO THERMO FISHER SCIENTIFIC INC | Healthcare | 0.2% | $55.5m | 114,513 | -95% | reduced |
| 36 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 0.2% | $49.5m | 177,059 | – | new |
| 37 | ISHARES TR | 0.1% | $26.3m | 190,449 | 115% | added | |
| 38 | NU NU HLDGS LTD | Financial Services | 0.1% | $24.7m | 1,541,162 | -38% | reduced |
| 39 | MNDY MONDAY COM LTD | Technology | 0.1% | $24.4m | 125,811 | 29% | added |
| 40 | HDB HDFC BANK LTD | Financial Services | 0.1% | $20.3m | 593,360 | 4% | added |
| 41 | ASML ASML HOLDING N V | Technology | 0.1% | $19.2m | 19,797 | -56% | reduced |
| 42 | HYG ISHARES TR | 0.1% | $16.2m | 200,000 | – | new | |
| 43 | TME TENCENT MUSIC ENTMT GROUP | Communication Services | 0.0% | $13.1m | 561,433 | -43% | reduced |
| 44 | SE SEA LTD | Consumer Cyclical | 0.0% | $12.6m | 70,233 | -16% | reduced |
| 45 | MDT MEDTRONIC PLC | Healthcare | 0.0% | $11.9m | 124,956 | -47% | reduced |
| 46 | BE BLOOM ENERGY CORP | Industrials | 0.0% | $11.1m | 131,390 | 92% | added |
| 47 | ON HLDG AG | 0.0% | $10.9m | 258,374 | -47% | reduced | |
| 48 | AGX ARGAN INC | Industrials | 0.0% | $10.1m | 37,533 | -16% | reduced |
| 49 | DLO DLOCAL LTD | Technology | 0.0% | $10.0m | 699,379 | 15% | added |
| 50 | RSP INVESCO EXCHANGE TRADED FD T | 0.0% | $8.5m | 44,774 | – | new |
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.