Polen Capital Management LLC

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 12, 2024), Polen Capital Management LLC reported 110 stock positions worth $39.9 billion. Its top holding was Amazon.com (AMZN) at 14.4% of the portfolio, followed by Microsoft (MSFT, 10.1%) and Alphabet Class C (GOOG, 7.7%). Compared with Q1 2024, it opened 12 new positions, sold out of 5, added to 21 and reduced 76. The biggest buy was Shopify Class A (SHOP, shares +1672%) and the biggest sale Autodesk (ADSK, shares −99%).

Most Recent 13F
Q2 2026
Location
Boca Raton, FL
CIK
0001034524
Portfolio Value
$39.9B (Q2 2024)
SEC Filing
0001172661-24-003233 ↗ filed Aug 12, 2024

Holdings Value

0$10.0B$20.0B$30.0B$40.0B$50.0B Q1 2024: $43.3B Q1 2024 Q2 2024: $39.9B $39.9B Q2 2024 Q3 2024: $38.7B Q3 2024 Q4 2024: $37.0B Q4 2024 Q1 2025: $31.8B Q1 2025 Q2 2025: $32.6B Q2 2025 Q3 2025: $30.8B Q3 2025 Q4 2025: $23.4B Q4 2025 Q1 2026: $14.5B Q1 2026 Q2 2026: $11.6B Q2 2026

Holdings 110 stocks · $39.9B
AMZN Amazon.com Inc. 14.36% 29,623,890 $5.7B Reduce -13.9%
MSFT Microsoft Corp. 10.08% 8,985,549 $4.0B Reduce -7.0%
GOOG Alphabet Inc. Class C 7.68% 16,682,933 $3.1B Reduce -7.7%
V Visa Inc. Class A 5.27% 7,997,622 $2.1B Reduce -4.7%
NOW ServiceNow Inc. 4.90% 2,482,798 $2.0B Reduce -6.8%
MA Mastercard Inc. Class A 4.69% 4,239,995 $1.9B Reduce -5.1%
CRM Salesforce Inc. 4.33% 6,714,688 $1.7B Reduce -3.5%
TMO Thermo Fisher Scientific Inc. 4.30% 3,102,010 $1.7B Reduce -4.8%
ABT Abbott Laboratories 3.99% 15,305,822 $1.6B Reduce -5.2%
ABNB Airbnb Inc. Class A 3.87% 10,173,464 $1.5B Reduce -5.2%
ADBE Adobe Inc. 3.71% 2,665,186 $1.5B Reduce -6.0%
NFLX Netflix Inc. 3.59% 2,119,328 $1.4B Reduce -44.8%
ACN Accenture PLC Class A 3.30% 4,333,582 $1.3B Reduce -6.4%
ZTS Zoetis Inc. 3.06% 7,046,051 $1.2B Add +0.6%
UNH Unitedhealth Group Inc. 2.87% 2,249,052 $1.1B Reduce -6.0%
NVO Novo-Nordisk A/S-Spons ADR 2.67% 7,447,972 $1.1B Reduce -4.1%
SHOP Shopify Inc. Class A 2.44% 14,722,354 $972.4M Add +1672.2%
MSCI MSCI Inc. 2.00% 1,650,450 $795.1M Add +1113.1%
WDAY Workday Inc. Class A 1.92% 3,428,901 $766.6M Reduce -6.9%
IT Gartner Inc. 1.86% 1,650,791 $741.3M Reduce -5.6%
NKE Nike Inc. Class B 1.70% 8,967,481 $675.9M Reduce -5.3%
LLY Eli Lilly & Co. 1.24% 547,065 $495.3M Reduce -6.5%
GOOGL Alphabet Inc. Class A 0.96% 2,094,374 $381.5M Reduce -1.9%
ICLR Icon PLC 0.85% 1,085,062 $340.1M Reduce -1.2%
PAYC Paycom Software Inc. 0.80% 2,236,125 $319.9M Add +47.1%
SAP Sap SE-Sponsored ADR 0.63% 1,254,529 $253.1M Reduce -1.6%
AON Aon PLC Class A 0.61% 822,041 $241.3M Reduce -1.0%
ADP Automatic Data Processing 0.29% 491,947 $117.4M Reduce -2.0%
IWF iShares Russell 1000 Growth 0.27% 297,803 $108.6M Add +292.9%
GLOB Globant SA 0.21% 477,338 $85.1M Reduce -4.3%
MDT Medtronic PLC 0.21% 1,049,969 $82.6M Reduce -1.5%
HDB HDFC Bank Ltd.-ADR 0.14% 853,428 $54.9M Add +20.1%
ASML ASML Holding NV-NY Reg SHS 0.13% 51,068 $52.2M Reduce -0.1%
MELI MercadoLibre Inc. 0.13% 31,040 $51.0M Reduce -6.7%
UL Unilever PLC 0.07% 500,714 $27.5M Reduce -0.0%
TME Tencent Music Entertainm-ADR 0.05% 1,504,807 $21.1M Reduce -43.5%
ACWI iShares MSCI Acwi ETF 0.05% 175,686 $19.7M Add +909.2%
HLI Houlihan Lokey Inc. 0.03% 82,376 $11.1M Reduce -8.5%
CWAN Clearwater Analytics HDS-A 0.03% 571,837 $10.6M Add +4.6%
ADSK Autodesk Inc. 0.03% 42,117 $10.4M Reduce -99.2%
EXLS Exlservice Holdings Inc. 0.03% 327,095 $10.3M Add +5.4%
PGNY Progyny Inc. 0.03% 348,292 $10.0M Reduce -7.8%
HLNE Hamilton Lane Inc. Class A 0.02% 78,225 $9.7M Reduce -14.9%
CCC CCC Intelligent Solutions Ho 0.02% 854,191 $9.5M Add +51.2%
GNRC Generac Holdings Inc. 0.02% 70,988 $9.4M Reduce -4.2%
LVS Las Vegas Sands Corp. 0.02% 196,374 $8.7M Reduce -15.3%
BIL SS SPDR BB 1-3M T-Bill ETF 0.02% 91,892 $8.4M Reduce -63.2%
RVLV Revolve Group Inc. Class A 0.02% 511,992 $8.1M Reduce -1.6%
ALRM Alarm.com Holdings Inc. 0.02% 128,165 $8.1M Add +2.2%
CNM Core & Main Inc. Class A 0.02% 158,999 $7.8M Reduce -0.6%
DLO Dlocal Ltd. 0.02% 953,716 $7.7M Reduce -25.5%
WRBY Warby Parker Inc. Class A 0.02% 463,853 $7.4M Reduce -3.3%
ALIT Alight Inc. Class A 0.02% 1,008,705 $7.4M Reduce -21.6%
GSHD Goosehead Insurance Inc. Class A 0.02% 129,053 $7.4M Reduce -2.2%
PDD PDD Holdings Inc. 0.02% 54,875 $7.3M New
MEDP Medpace Holdings Inc. 0.02% 17,341 $7.1M Add +2.3%
EEFT Euronet Worldwide Inc. 0.02% 64,711 $6.7M Reduce -14.8%
YUMC Yum China Holdings Inc. 0.02% 201,365 $6.2M Reduce -34.4%
SITM Sitime Corp. 0.01% 46,054 $5.7M Reduce -25.2%
BL Blackline Inc. 0.01% 104,007 $5.0M Reduce -4.4%
EPAM Epam Systems Inc. 0.01% 25,775 $4.8M Reduce -27.8%
ALGN Align Technology Inc. 0.01% 20,006 $4.8M Reduce -98.3%
YETI Yeti Holdings Inc. filed as YETI HLDGS INC 0.01% 120,632 $4.6M Reduce -12.6%
FSV Firstservice Corp. 0.01% 29,787 $4.5M Reduce -16.9%
KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC 0.01% 78,267 $4.4M Reduce -3.6%
APPF Appfolio Inc. Class A 0.01% 17,855 $4.4M Reduce -32.5%
OPCH Option Care Health Inc. 0.01% 153,541 $4.3M New
FOXF Fox Factory Holding Corp. 0.01% 80,541 $3.9M Reduce -14.4%
CATH Global X S&P 500 Ca Val ETF 0.01% 55,803 $3.6M Add +255.7%
QLYS Qualys Inc. 0.01% 25,568 $3.6M Reduce -16.5%
VONG Vanguard Russell 1000 Growth 0.01% 34,536 $3.2M Add +3.8%
AMN Amn Healthcare Services Inc. 0.01% 61,781 $3.2M Add +5.2%
AAON Aaon Inc. 0.01% 34,884 $3.0M New
DOCS Doximity Inc. Class A 0.01% 105,500 $3.0M Reduce -36.8%
IBP Installed Building Products 0.01% 13,093 $2.7M New
TECH Bio-Techne Corp. 0.01% 35,457 $2.5M Reduce -4.2%
MORN Morningstar Inc. 0.01% 8,064 $2.4M Reduce -13.6%
CALY Callaway Golf Company filed as TOPGOLF CALLAWAY BRANDS CORP 0.01% 153,111 $2.3M Add +18.9%
DT Dynatrace Inc. 0.01% 51,083 $2.3M Reduce -30.8%
FIVE Five Below 0.01% 20,784 $2.3M Reduce -8.2%
ACWX iShares MSCI Acwi Ex US ETF 0.01% 39,371 $2.1M Add +18.8%
SITE Siteone Landscape Supply Inc. 0.01% 17,111 $2.1M Reduce -17.9%
RH RH 0.01% 8,283 $2.0M Reduce -49.2%
MPWR Monolithic Power Systems Inc. 0.01% 2,442 $2.0M Reduce -37.3%
IWM iShares Russell 2000 ETF 0.01% 9,888 $2.0M Add +96.2%
AZPN Aspen Technology Inc. 0.00% 9,853 $2.0M Reduce -13.6%
ETSY Etsy Inc. 0.00% 32,925 $1.9M Reduce -13.9%
RGEN Repligen Corp. 0.00% 14,572 $1.8M New
LGIH Lgi Homes Inc. 0.00% 20,103 $1.8M Reduce -17.6%
MKTX Marketaxess Holdings Inc. 0.00% 8,084 $1.6M Reduce -1.0%
TYL Tyler Technologies Inc. 0.00% 3,110 $1.6M Reduce -5.7%
AIT Applied Industrial Tech Inc. 0.00% 7,595 $1.5M New
BWMN Bowman Consulting Group Ltd. 0.00% 46,145 $1.5M Reduce -17.4%
ROAD Construction Partners Inc. Class A 0.00% 25,574 $1.4M New
OLLI Ollie's Bargain Outlet Holdi 0.00% 12,800 $1.3M New
KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC 0.00% 9,686 $1.2M New
CRL Charles River Laboratories 0.00% 5,715 $1.2M Reduce -5.7%
POOL Pool Corp. 0.00% 3,485 $1.1M Add +5.7%
CPA Copa Holdings SA Class A 0.00% 11,168 $1.1M Reduce -20.1%
SGOV iShares 0-3 Month Treasury B 0.00% 10,334 $1.0M Add +197.4%

Show all 110 holdings

Portfolio Sells Q1 2024 → Q2 2024
ADSK Autodesk Inc. Reduce -99.2% 0.03% −2.94
NFLX Netflix Inc. Reduce -44.8% 3.59% −1.80
ALGN Align Technology Inc. Reduce -98.3% 0.01% −0.91
CRM Salesforce Inc. Reduce -3.5% 4.33% −0.51
ACN Accenture PLC Class A Reduce -6.4% 3.30% −0.41
WDAY Workday Inc. Class A Reduce -6.9% 1.92% −0.40
NKE Nike Inc. Class B Reduce -5.3% 1.70% −0.36
MA Mastercard Inc. Class A Reduce -5.1% 4.69% −0.28
ABT Abbott Laboratories Reduce -5.2% 3.99% −0.25
ABNB Airbnb Inc. Class A Reduce -5.2% 3.87% −0.22
V Visa Inc. Class A Reduce -4.7% 5.27% −0.14
TMO Thermo Fisher Scientific Inc. Reduce -4.8% 4.30% −0.07
IT Gartner Inc. Reduce -5.6% 1.86% −0.07
AON Aon PLC Class A Reduce -1.0% 0.61% −0.03
BIL SS SPDR BB 1-3M T-Bill ETF Reduce -63.2% 0.02% −0.03
DLO Dlocal Ltd. Reduce -25.5% 0.02% −0.02
GLOB Globant SA Reduce -4.3% 0.21% −0.02
TME Tencent Music Entertainm-ADR Reduce -43.5% 0.05% −0.02
YUMC Yum China Holdings Inc. Reduce -34.4% 0.02% −0.01
WING Wingstop Inc. Sold out 0.00% −0.01
ALIT Alight Inc. Class A Reduce -21.6% 0.02% −0.01
EPAM Epam Systems Inc. Reduce -27.8% 0.01% −0.01
PGNY Progyny Inc. Reduce -7.8% 0.03% −0.01
RH RH Reduce -49.2% 0.01% −0.01
MDT Medtronic PLC Reduce -1.5% 0.21% −0.01
XPEL Xpel Inc. Sold out 0.00% −0.01
LVS Las Vegas Sands Corp. Reduce -15.3% 0.02% −0.01
PYPL PayPal Holdings Inc. Reduce -74.2% 0.00% −0.01
HELE Helen of Troy Ltd. Sold out 0.00% −0.01
RVLV Revolve Group Inc. Class A Reduce -1.6% 0.02% −0.01
DAVA Endava PLC- Spon ADR Reduce -73.1% 0.00% −0.00
APPF Appfolio Inc. Class A Reduce -32.5% 0.01% −0.00
FIVE Five Below Reduce -8.2% 0.01% −0.00
BL Blackline Inc. Reduce -4.4% 0.01% −0.00
SITE Siteone Landscape Supply Inc. Reduce -17.9% 0.01% −0.00
DOCS Doximity Inc. Class A Reduce -36.8% 0.01% −0.00
FND Floor & Decor Holdings Inc. Class A Reduce -51.2% 0.00% −0.00
QLYS Qualys Inc. Reduce -16.5% 0.01% −0.00
BMBL Bumble Inc. Class A Sold out 0.00% −0.00
EEFT Euronet Worldwide Inc. Reduce -14.8% 0.02% −0.00
FSV Firstservice Corp. Reduce -16.9% 0.01% −0.00
DT Dynatrace Inc. Reduce -30.8% 0.01% −0.00
LGIH Lgi Homes Inc. Reduce -17.6% 0.00% −0.00
GSHD Goosehead Insurance Inc. Class A Reduce -2.2% 0.02% −0.00
CNM Core & Main Inc. Class A Reduce -0.6% 0.02% −0.00
FOXF Fox Factory Holding Corp. Reduce -14.4% 0.01% −0.00
TREX Trex Company Inc. Reduce -49.1% 0.00% −0.00
ETSY Etsy Inc. Reduce -13.9% 0.00% −0.00
MPWR Monolithic Power Systems Inc. Reduce -37.3% 0.01% −0.00
BWMN Bowman Consulting Group Ltd. Reduce -17.4% 0.00% −0.00

Portfolio Buys Q1 2024 → Q2 2024
SHOP Shopify Inc. Class A Add +1672.2% 2.44% +2.29
MSCI MSCI Inc. Add +1113.1% 2.00% +1.82
ZTS Zoetis Inc. Add +0.6% 3.06% +0.33
IWF iShares Russell 1000 Growth Add +292.9% 0.27% +0.21
PAYC Paycom Software Inc. Add +47.1% 0.80% +0.10
HDB HDFC Bank Ltd.-ADR Add +20.1% 0.14% +0.05
ACWI iShares MSCI Acwi ETF Add +909.2% 0.05% +0.05
PDD PDD Holdings Inc. New 0.02% +0.02
OPCH Option Care Health Inc. New 0.01% +0.01
CCC CCC Intelligent Solutions Ho Add +51.2% 0.02% +0.01
AAON Aaon Inc. New 0.01% +0.01
CATH Global X S&P 500 Ca Val ETF Add +255.7% 0.01% +0.01
IBP Installed Building Products New 0.01% +0.01
RGEN Repligen Corp. New 0.00% +0.00
CWAN Clearwater Analytics HDS-A Add +4.6% 0.03% +0.00
AIT Applied Industrial Tech Inc. New 0.00% +0.00
ROAD Construction Partners Inc. Class A New 0.00% +0.00
OLLI Ollie's Bargain Outlet Holdi New 0.00% +0.00
KSPI JSC Kaspi.kz ADR New 0.00% +0.00
EXLS Exlservice Holdings Inc. Add +5.4% 0.03% +0.00
IWM iShares Russell 2000 ETF Add +96.2% 0.01% +0.00
KNSL Kinsale Capital Group Inc. New 0.00% +0.00
MEDP Medpace Holdings Inc. Add +2.3% 0.02% +0.00
SGOV iShares 0-3 Month Treasury B Add +197.4% 0.00% +0.00
TTEK Tetra Tech Inc. New 0.00% +0.00
VONG Vanguard Russell 1000 Growth Add +3.8% 0.01% +0.00
ACWX iShares MSCI Acwi Ex US ETF Add +18.8% 0.01% +0.00
CALY Callaway Golf Company Add +18.9% 0.01% +0.00
META Meta Platforms Inc. Class A New 0.00% +0.00
FCX Freeport-McMoran Inc. Add +0.1% 0.00% +0.00
POOL Pool Corp. Add +5.7% 0.00% −0.00
AMN Amn Healthcare Services Inc. Add +5.2% 0.01% −0.00
ALRM Alarm.com Holdings Inc. Add +2.2% 0.02% −0.00

Notes & Other Activity Q1 2024 → Q2 2024
FORUM ENERGY TECHNOLOGIE (FET 9 08/04/25) NOTE 9.000% 8/0 · principal Sold out 23,813,049 $23.6Mbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 219$11.6BLLY, NVDA, MSFT, GOOG, AVGO
Q1 2026 221$14.5BMSFT, GOOG, LLY, AVGO, AMZN
Q4 2025 231$23.4BAMZN, MSFT, ORCL, LLY, GOOG
Q3 2025 232$30.8BORCL, MSFT, AMZN, SHOP, MA
Q2 2025 240$32.6BAMZN, MSFT, ORCL, V, SHOP
Q1 2025 117$31.8BAMZN, MSFT, V, ORCL, MA
Q4 2024 124$37.0BAMZN, MSFT, GOOG, V, MA
Q3 2024Amended 118$38.7BAMZN, MSFT, GOOG, V, NOW
Q2 2024 110$39.9BAMZN, MSFT, GOOG, V, NOW
Q1 2024 103$43.3BAMZN, MSFT, GOOG, V, NFLX