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POLEN CAPITAL MANAGEMENT LLC

Q3 2025 · Filed 2025-11-12
Market Value
$30.8B
-5.5%
Holdings
282
+25
New Purchases
52
Added To
65
Closed
58
Reduced
106
Top 10 Concentration
56.5%
Turnover
39.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AVGO 4.81% 0.00% +4.81% $1.5B
NVDA 3.82% 0.01% +3.81% $1.2B
BSX 1.78% 0.00% +1.78% $547M
SNPS 1.67% 0.00% +1.67% $515M
INTU 1.47% 0.00% +1.47% $452M
UBER 1.45% 0.01% +1.45% $448M
ORCL 8.49% 8.04% +0.44% $2.6B
IDXX 2.34% 1.97% +0.37% $720M
TSM 0.16% 0.00% +0.16% $49M
MSFT 8.45% 8.29% +0.16% $2.6B
SHOP 5.34% 5.20% +0.14% $1.6B
GOOG 3.67% 3.57% +0.10% $1.1B
HYG 0.05% 0.00% +0.05% $16M
IWF 0.35% 0.29% +0.05% $107M
ACWI 0.09% 0.03% +0.05% $26M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
TMO 0.18% 2.73% -2.55% $56M
ADBE 2.13% 3.99% -1.86% $655M
NFLX 1.86% 3.35% -1.49% $574M
ABNB 1.57% 2.99% -1.42% $483M
AMZN 8.02% 9.38% -1.36% $2.5B
V 4.81% 6.12% -1.30% $1.5B
ABT 3.23% 4.46% -1.23% $994M
WDAY 1.46% 2.63% -1.18% $448M
IT 0.01% 0.97% -0.96% $2M
ACN 1.97% 2.70% -0.73% $607M
ZTS 3.57% 4.03% -0.46% $1.1B
NOW 3.36% 3.71% -0.35% $1.0B
SBUX 2.44% 2.72% -0.28% $751M
PAYC 1.78% 2.06% -0.28% $549M
MSCI 2.92% 3.08% -0.16% $899M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 27 $16.6B 54.0%
Large Cap 95 $13.4B 43.6%
Mid Cap 94 $692M 2.2%
Small Cap 65 $69M 0.2%
Micro Cap 1 $92K 0.0%

Portfolio Analytics

Avg Market Cap
$157.5B
Median Market Cap
$7.4B
Avg P/E
45.6
Median P/E
28.5
Avg Dividend Yield
0.01%
Avg Beta
1.31
# Stocks
268
# ETFs / Funds
14

Top Holdings (282 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 ORCL 8.49% 9,288,638 $2.6B $281.24 -$8M -2,694,566 -22.5%
2 MSFT 8.45% 5,020,158 $2.6B $517.95 -$99M -405,965 -7.5%
3 AMZN 8.02% 11,246,528 $2.5B $219.57 -$585M -2,675,312 -19.2%
4 SHOP 5.34% 11,060,906 $1.6B $148.61 -$51M -3,629,254 -24.7%
5 MA 5.06% 2,741,243 $1.6B $568.81 -$122M -250,805 -8.4%
6 V 4.81% 4,340,224 $1.5B $341.38 -$511M -1,270,874 -22.6%
7 AVGO 4.81% 4,485,854 $1.5B $329.91 +4,485,854 NEW
8 LLY 4.02% 1,622,967 $1.2B $763.00 -$116M -114,943 -6.6%
9 NVDA 3.82% 6,297,034 $1.2B $186.58 $1.2B +6,279,992 +36850.1%
10 GOOG 3.67% 4,640,242 $1.1B $243.55 -$34M -1,922,023 -29.3%
11 ZTS 3.57% 7,516,911 $1.1B $146.32 -$213M -904,115 -10.7%
12 NOW 3.36% 1,124,076 $1.0B $920.28 -$175M -52,819 -4.5%
13 ABT 3.23% 7,420,604 $994M $133.94 -$457M -3,248,894 -30.4%
14 MSCI 2.92% 1,583,939 $899M $567.41 -$106M -157,450 -9.0%
15 AON 2.88% 2,490,167 $888M $356.58 -$92M -255,460 -9.3%
16 SBUX 2.44% 8,881,141 $751M $84.60 -$135M -787,477 -8.1%
17 IDXX 2.34% 1,127,147 $720M $638.89 $79M -68,278 -5.7%
18 ADBE 2.13% 1,857,198 $655M $352.75 -$644M -1,499,583 -44.7%
19 ACN 1.97% 2,461,759 $607M $246.60 -$274M -485,399 -16.5%
20 NFLX 1.86% 478,880 $574M $1,198.92 -$518M -336,354 -41.3%
21 PAYC 1.78% 2,636,423 $549M $208.14 -$122M -260,066 -9.0%
22 BSX 1.78% 5,598,286 $547M $97.63 +5,598,286 NEW
23 CSGP 1.75% 6,380,909 $538M $84.37 -$18M -542,919 -7.8%
24 SNPS 1.67% 1,044,800 $515M $493.39 +1,044,800 NEW
25 ABNB 1.57% 3,974,571 $483M $121.42 -$491M -3,379,657 -46.0%
26 INTU 1.47% 661,727 $452M $682.91 +661,727 NEW
27 WDAY 1.46% 1,862,271 $448M $240.73 -$409M -1,709,659 -47.9%
28 UBER 1.45% 4,570,653 $448M $97.97 $446M +4,552,127 +24571.6%
29 MELI 0.38% 49,515 $116M $2,336.95 -$47M -12,674 -20.4%
30 GOOGL 0.37% 473,431 $115M $243.10 $6M -146,588 -23.6%
31 IWF 0.35% 227,851 $107M $468.41 $11M +2,242 +1.0%
32 SAP 0.30% 344,952 $92M $267.21 -$56M -141,519 -29.1%
33 ICLR 0.25% 443,461 $78M $175.00 -$997K -96,949 -17.9%
34 WTW 0.25% 219,784 $76M $345.45 -$20M -94,291 -30.0%
35 TMO 0.18% 114,513 $56M $485.02 -$833M -2,075,835 -94.8%
36 TSM 0.16% 177,059 $49M $279.29 +177,059 NEW
37 ACWI 0.09% 190,449 $26M $138.24 $15M +101,891 +115.1%
38 NU 0.08% 1,541,162 $25M $16.01 -$9M -945,641 -38.0%
39 MNDY 0.08% 125,811 $24M $193.69 -$6M +28,236 +28.9%
40 HDB 0.07% 593,360 $20M $34.16 -$23M +22,681 +4.0%
41 ASML 0.06% 19,797 $19M $968.09 -$17M -24,728 -55.5%
42 HYG 0.05% 200,000 $16M $81.19 +200,000 NEW
43 TME 0.04% 561,433 $13M $23.34 -$6M -430,450 -43.4%
44 SE 0.04% 70,233 $13M $178.73 -$871K -13,699 -16.3%
45 MDT 0.04% 124,956 $12M $95.24 -$9M -109,930 -46.8%
46 BE 0.04% 131,390 $11M $84.57 $9M +63,074 +92.3%
47 ONON 0.04% 258,374 $11M $42.35 -$15M -231,453 -47.2%
48 AGX 0.03% 37,533 $10M $270.05 $254K -7,288 -16.3%
49 DLO 0.03% 699,379 $10M $14.28 $3M +93,494 +15.4%
50 RSP 0.03% 44,774 $8M $189.70 +44,774 NEW
51 PDD 0.03% 63,283 $8M $132.17 $2M -1,026 -1.6%
52 MMYT 0.03% 87,289 $8M $93.60 -$2M -17,673 -16.8%
53 GLOB 0.03% 135,108 $8M $57.38 -$17M -137,873 -50.5%
54 SPOT 0.03% 11,075 $8M $697.98 -$15M -18,371 -62.4%
55 WGS 0.02% 68,169 $7M $107.74 -$131K -12,811 -15.8%
56 VIST 0.02% 210,976 $7M $34.40 $7M +196,914 +1400.3%
57 POWL 0.02% 23,357 $7M $304.81 $2M -1,816 -7.2%
58 IBN 0.02% 224,267 $7M $30.23 -$10M -276,208 -55.2%
59 BWXT 0.02% 36,748 $7M $184.37 $863K -4,289 -10.4%
60 VSEC 0.02% 34,420 $6M $166.24 $537K -5,163 -13.0%
61 VUG 0.02% 11,625 $6M $479.62 -$83K -1,282 -9.9%
62 JOBY 0.02% 318,267 $5M $16.14 $1M -37,198 -10.5%
63 IESC 0.02% 12,144 $5M $397.65 $735K -1,677 -12.1%
64 KARO 0.02% 82,608 $5M $57.12 $567K -2,159 -2.5%
65 MOD 0.02% 32,523 $5M $142.16 $3M +13,157 +67.9%
66 ADPT 0.01% 291,197 $4M $14.96 $3M +148,940 +104.7%
67 ACWX 0.01% 61,612 $4M $65.01 $3M +39,530 +179.0%
68 CVNA 0.01% 10,456 $4M $377.24 $4K -1,239 -10.6%
69 AAPL 0.01% 15,355 $4M $254.62 $2M +6,829 +80.1%
70 TSLA 0.01% 8,590 $4M $444.72 $2M +1,868 +27.8%
71 SOFI 0.01% 143,218 $4M $26.42 $672K -27,678 -16.2%
72 PRCH 0.01% 217,423 $4M $16.78 $2M +82,401 +61.0%
73 AMPX 0.01% 339,427 $4M $10.52 +339,427 NEW
74 HCI 0.01% 18,168 $3M $191.93 $1M +4,196 +30.0%
75 CCJ 0.01% 38,622 $3M $83.86 -$147K -6,994 -15.3%
76 QQEW 0.01% 22,529 $3M $141.11 +22,529 NEW
77 CECO 0.01% 60,223 $3M $51.20 $3M +41,906 +228.8%
78 SMR 0.01% 83,543 $3M $36.00 -$372K -1,883 -2.2%
79 PTON 0.01% 324,372 $3M $9.00 $1M +110,006 +51.3%
80 AMSC 0.01% 47,291 $3M $59.39 $1M +70 +0.1%
81 BELFB 0.01% 19,539 $3M $141.02 $764K -847 -4.2%
82 W 0.01% 29,861 $3M $89.33 $2M +12,575 +72.8%
83 VO 0.01% 8,690 $3M $293.74 +8,690 NEW
84 CATH 0.01% 30,866 $3M $81.06 -$1M -16,127 -34.3%
85 FSLR 0.01% 11,214 $2M $220.53 +11,214 NEW
86 ATRO 0.01% 53,993 $2M $45.61 $796K +4,202 +8.4%
87 IT 0.01% 9,284 $2M $262.88 -$313M -769,932 -98.8%
88 AFRM 0.01% 33,096 $2M $73.08 $343K +3,069 +10.2%
89 IE 0.01% 188,274 $2M $12.55 $1M +73,729 +64.4%
90 CORT 0.01% 28,363 $2M $83.11 $774K +6,787 +31.5%
91 ASPI 0.01% 232,913 $2M $9.62 $952K +57,775 +33.0%
92 KTOS 0.01% 23,719 $2M $91.37 $563K -10,812 -31.3%
93 IRMD 0.01% 28,459 $2M $71.16 $537K +3,570 +14.3%
94 FTI 0.01% 50,920 $2M $39.45 $232K -662 -1.3%
95 CVLT 0.01% 10,395 $2M $188.78 -$329K -2,747 -20.9%
96 HHH 0.01% 23,823 $2M $82.17 +23,823 NEW
97 BBIO 0.01% 36,164 $2M $51.94 $339K +515 +1.4%
98 WRBY 0.01% 66,730 $2M $27.58 -$467K -38,474 -36.6%
99 MIR 0.01% 76,119 $2M $23.26 $538K +18,889 +33.0%
100 TLN 0.01% 4,032 $2M $425.38 $21K -1,794 -30.8%

New Positions

SymbolValue% Port
AVGO $1.5B 4.81%
BSX $547M 1.78%
SNPS $515M 1.67%
INTU $452M 1.47%
TSM $49M 0.16%
HYG $16M 0.05%
RSP $8M 0.03%
AMPX $4M 0.01%
QQEW $3M 0.01%
VO $3M 0.01%
FSLR $2M 0.01%
HHH $2M 0.01%
ABCL $1M —%
YOU $964K —%
AX $777K —%

Sold Out Positions

SymbolValue% Port
PHR —%
NVO —%
MLR —%
CWAN —%
IBP —%
AIT —%
YPF —%
ALSN —%
FVRR —%
HLI —%
BDC —%
LVS —%
BROS —%
PLNT —%
LOMA —%
View SEC EDGAR Filings for POLEN CAPITAL MANAGEMENT LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms