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
Q1 2023Mar 31, 2023	CPRT Copart, Inc.	Copart, Inc.	Sell	-1,371-3.6%	$2.74M	36,443
Q1 2023Mar 31, 2023	YETI YETI Holdings, Inc.	YETI Holdings, Inc.	Sell	-1,411-0.7%	$8.38M	209,456
Q1 2023Mar 31, 2023	TTD The Trade Desk, Inc.	The Trade Desk, Inc.	Sell	-1,458-3.6%	$2.37M	38,871
Q1 2023Mar 31, 2023	EEFT Euronet Worldwide, Inc.	Euronet Worldwide, Inc.	Sell	-2,105-2.6%	$8.93M	79,811
Q1 2023Mar 31, 2023	RVLV Revolve Group, Inc.	Revolve Group, Inc.	Sell	-2,150-0.5%	$11.34M	431,086
Q1 2023Mar 31, 2023	GSHD Goosehead Insurance, Inc.	Goosehead Insurance, Inc.	Sell	-2,199-0.8%	$15.18M	290,768
Q1 2023Mar 31, 2023	ASML ASML	ASML	Sell	-2,516-3.7%	$45.08M	66,229
Q1 2023Mar 31, 2023	META Meta Platforms, Inc.	Meta Platforms, Inc.	Sell	-2,701-55.6%	$457.58K	2,159
Q1 2023Mar 31, 2023	SBUX Starbucks Corporation	Starbucks Corporation	Sell - Position Exit	-3,009-100.0%	$0.00	-
Q1 2023Mar 31, 2023	DT Dynatrace, Inc.	Dynatrace, Inc.	Sell	-3,081-2.2%	$5.92M	140,021
Q1 2023Mar 31, 2023	HLNE Hamilton Lane Incorporated	Hamilton Lane Incorporated	Sell	-3,329-2.6%	$9.05M	122,364
Q1 2023Mar 31, 2023	PGNY Progyny, Inc.	Progyny, Inc.	Sell	-3,676-1.3%	$9.33M	290,399
Q1 2023Mar 31, 2023	HLI Houlihan Lokey, Inc.	Houlihan Lokey, Inc.	Sell	-3,682-2.6%	$12.04M	137,581
Q1 2023Mar 31, 2023	EL Estee Lauder Companies, Inc. (T	Estee Lauder Companies, Inc. (T	Sell	-3,710-3.0%	$29.69M	120,452
Q1 2023Mar 31, 2023	OLO Olo Inc.	Olo Inc.	Sell	-3,813-0.5%	$5.94M	727,766
Q1 2023Mar 31, 2023	WRBY Warby Parker Inc.	Warby Parker Inc.	Sell	-4,507-1.3%	$3.65M	345,119
Q1 2023Mar 31, 2023	DOCS Doximity, Inc.	Doximity, Inc.	Sell	-4,627-2.2%	$6.55M	202,352
Q1 2023Mar 31, 2023	TPLC Timothy Plan US Large/Mid Cap C	Timothy Plan US Large/Mid Cap C	Sell	-5,168-24.5%	$549.03K	15,939
Q1 2023Mar 31, 2023	FOXF Fox Factory Holding Corp.	Fox Factory Holding Corp.	Sell	-5,513-5.4%	$11.72M	96,524
Q1 2023Mar 31, 2023	MDT Medtronic	Medtronic	Sell	-11,617-1.4%	$64.69M	802,374
Q1 2023Mar 31, 2023	L44385109 Globant	Globant	Sell	-12,086-5.7%	$32.89M	200,552
Q1 2023Mar 31, 2023	UNH UnitedHealth Group Incorporated	UnitedHealth Group Incorporated	Sell	-13,041-0.5%	$1.28B	2,712,634
Q1 2023Mar 31, 2023	IWM iShares Russell 2000 ETF	iShares Russell 2000 ETF	Sell - Position Exit	-15,902-100.0%	$0.00	-
Q1 2023Mar 31, 2023	FIVE Five Below, Inc.	Five Below, Inc.	Sell	-16,163-17.8%	$15.34M	74,490
Q1 2023Mar 31, 2023	HDB HDFC Bank Limited	HDFC Bank Limited	Sell	-18,651-5.9%	$19.75M	296,215
Q1 2023Mar 31, 2023	WING Wingstop Inc.	Wingstop Inc.	Sell	-18,910-26.5%	$9.63M	52,473
Q1 2023Mar 31, 2023	SAP SAP SE	SAP SE	Sell	-20,146-1.5%	$166.61M	1,316,552
Q1 2023Mar 31, 2023	QLYS Qualys, Inc.	Qualys, Inc.	Sell	-31,884-33.8%	$8.11M	62,362
Q1 2023Mar 31, 2023	SHOP Shopify Inc.	Shopify Inc.	Sell	-34,713-4.1%	$39.19M	817,385
Q1 2023Mar 31, 2023	IT Gartner, Inc.	Gartner, Inc.	Sell	-35,728-1.3%	$881.98M	2,707,371

Page 42 of 105 • 3150 total trades

«‹

40 41 42 43 44

›»