David M. Polen – Polen Capital Management Portfolio Activity & Recent Trades (Jun 30, 2025)

As of Jun 30, 2025, the Polen Capital Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Aug 13, 2025. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q2 2025, the filing reported:

New Buys – IDEXX Laboratories, Inc. (IDXX), ICICI Bank Limited (IBN), The Real Brokerage, Inc. (REAX), Joby Aviation (G65163100), Peloton Interactive, Inc. (PTON), and 146 more

Increases – Starbucks Corporation (SBUX), Adobe Inc. (ADBE), CoStar Group, Inc. (CSGP), ON Holding (ONON), ServiceNow, Inc. (NOW), and 4 more

Reductions – NetEase, Inc. (NTES), PayPal Holdings, Inc. (PYPL), Autodesk, Inc. (ADSK), Ollie's Bargain Outlet Holdings (OLLI), Vanguard Growth ETF (VUG), and 75 more

Complete Exits – Comfort Systems USA, Inc. (FIX), Wingstop Inc. (WING), iShares Russell 2000 Growth ETF (IWO), Manhattan Associates, Inc. (MANH), Saia, Inc. (SAIA), and 22 more

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Polen Capital Management Activity

Date	Symbol	Name	Type	Quantity	Value	Remaining
Q2 2024Jun 30, 2024	CRM Salesforce, Inc.	Salesforce, Inc.	Sell	-240,057-3.5%	$1.73B	6,714,688
Q2 2024Jun 30, 2024	WDAY Workday, Inc.	Workday, Inc.	Sell	-253,205-6.9%	$766.57M	3,428,901
Q2 2024Jun 30, 2024	ALIT Alight, Inc.	Alight, Inc.	Sell	-278,599-21.6%	$7.44M	1,008,705
Q2 2024Jun 30, 2024	ACN Accenture plc	Accenture plc	Sell	-295,405-6.4%	$1.31B	4,333,582
Q2 2024Jun 30, 2024	NVO Novo Nordisk A/S	Novo Nordisk A/S	Sell	-320,807-4.1%	$1.06B	7,447,972
Q2 2024Jun 30, 2024	DLO Dlocal	Dlocal	Sell	-326,204-25.5%	$7.72M	953,716
Q2 2024Jun 30, 2024	V Visa Inc.	Visa Inc.	Sell	-394,868-4.7%	$2.10B	7,997,622
Q2 2024Jun 30, 2024	NKE Nike, Inc.	Nike, Inc.	Sell	-504,090-5.3%	$675.88M	8,967,481
Q2 2024Jun 30, 2024	ABNB Airbnb, Inc.	Airbnb, Inc.	Sell	-556,288-5.2%	$1.54B	10,173,464
Q2 2024Jun 30, 2024	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-679,823-7.0%	$4.02B	8,985,549
Q2 2024Jun 30, 2024	ABT Abbott Laboratories	Abbott Laboratories	Sell	-835,415-5.2%	$1.59B	15,305,822
Q2 2024Jun 30, 2024	TME Tencent Music Entertainment Gro	Tencent Music Entertainment Gro	Sell	-1,157,974-43.5%	$21.14M	1,504,807
Q2 2024Jun 30, 2024	ALGN Align Technology, Inc.	Align Technology, Inc.	Sell	-1,196,063-98.4%	$4.83M	20,006
Q2 2024Jun 30, 2024	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-1,395,403-7.7%	$3.06B	16,682,933
Q2 2024Jun 30, 2024	NFLX Netflix, Inc.	Netflix, Inc.	Sell	-1,719,982-44.8%	$1.43B	2,119,328
Q2 2024Jun 30, 2024	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-4,787,351-13.9%	$5.72B	29,623,890
Q2 2024Jun 30, 2024	ADSK Autodesk, Inc.	Autodesk, Inc.	Sell	-4,896,615-99.1%	$10.42M	42,117
Q1 2024Mar 31, 2024	NKE Nike, Inc.	Nike, Inc.	Buy	+3,567,551+60.4%	$890.14M	9,471,571
Q1 2024Mar 31, 2024	ABT Abbott Laboratories	Abbott Laboratories	Buy	+2,654,389+19.7%	$1.83B	16,141,237
Q1 2024Mar 31, 2024	ZTS Zoetis Inc.	Zoetis Inc.	Buy	+2,033,370+40.9%	$1.19B	7,005,114
Q1 2024Mar 31, 2024	PAYC Paycom Software, Inc.	Paycom Software, Inc.	Buy	+1,503,885+9171.7%	$302.55M	1,520,282
Q1 2024Mar 31, 2024	TMO Thermo Fisher Scientific Inc	Thermo Fisher Scientific Inc	Buy	+1,225,977+60.3%	$1.89B	3,258,927
Q1 2024Mar 31, 2024	V Visa Inc.	Visa Inc.	Buy	+1,101,269+15.1%	$2.34B	8,392,490
Q1 2024Mar 31, 2024	CWAN Clearwater Analytics Holdings,	Clearwater Analytics Holdings,	Buy	+255,592+87.9%	$9.67M	546,482
Q1 2024Mar 31, 2024	EXLS ExlService Holdings, Inc.	ExlService Holdings, Inc.	Buy	+221,765+250.2%	$9.87M	310,415
Q1 2024Mar 31, 2024	ABNB Airbnb, Inc.	Airbnb, Inc.	Buy	+167,884+1.6%	$1.77B	10,729,752
Q1 2024Mar 31, 2024	HDB HDFC Bank Limited	HDFC Bank Limited	Buy	+147,223+26.1%	$39.77M	710,550
Q1 2024Mar 31, 2024	L44385109 Globant	Globant	Buy	+140,764+39.3%	$100.66M	498,574
Q1 2024Mar 31, 2024	RVLV Revolve Group, Inc.	Revolve Group, Inc.	Buy	+110,718+27.0%	$11.02M	520,467
Q1 2024Mar 31, 2024	MDT Medtronic	Medtronic	Buy	+82,105+8.3%	$92.87M	1,065,609

Page 26 of 105 • 3150 total trades

«‹

24 25 26 27 28

›»