David M. Polen - Polen Capital Management 13F Activity & Position Changes (Q1 2018)

According to the SEC 13F filed on Aug 04, 2026, the Polen Capital Management portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2018. 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 Q1 2018, the filing reported:

New Buys - Booking Holdings Inc. Common St, Euronet Worldwide, Inc., EPAM Systems, Inc., Five Below, Inc., LeMaitre Vascular, Inc., and 1 more

Increases - Accenture plc, Adobe Inc., Automatic Data Processing, Inc., Align Technology, Inc., Alarm.com Holdings, Inc., and 37 more

Reductions - iShares Russell 1000 Growth ETF, Meta Platforms, Inc.

Complete Exits - Apple Inc.

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

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2018	AAPL Apple Inc.	Apple Inc.	Sell - Position Exit	-11,214	-100.0%	$0.00	-
Q1 2018	ACN Accenture plc	Accenture plc	Buy	+108,730	+2.2%	$774.99K	5,048,799
Q1 2018	ADBE Adobe Inc.	Adobe Inc.	Buy	+99,181	+1.6%	$1.40M	6,461,486
Q1 2018	ADP Automatic Data Processing, Inc.	Automatic Data Processing, Inc.	Buy	+146,493	+2.1%	$801.45K	7,062,453
Q1 2018	ALGN Align Technology, Inc.	Align Technology, Inc.	Buy	+46,871	+1.8%	$670.11K	2,668,377
Q1 2018	ALRM Alarm.com Holdings, Inc.	Alarm.com Holdings, Inc.	Buy	+2,526	+42.2%	$322.00	8,515
Q1 2018	AMN AMN Healthcare Services Inc	AMN Healthcare Services Inc	Buy	+1,922	+42.4%	$367.00	6,459
Q1 2018	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Buy	+10,211	+26.2%	$9.03K	49,202
Q1 2018	BIDU Baidu, Inc.	Baidu, Inc.	Buy	+4,942	+31.1%	$4.65K	20,853
Q1 2018	BKNG Booking Holdings Inc. Common St	Booking Holdings Inc. Common St	Buy - Position Entry	+228,019	-	$474.37K	228,019
Q1 2018	BLKB Blackbaud, Inc.	Blackbaud, Inc.	Buy	+1,650	+42.5%	$563.00	5,530
Q1 2018	CHKP Check Point	Check Point	Buy	+11,040	+26.2%	$5.28K	53,154
Q1 2018	DG Dollar General Corporation	Dollar General Corporation	Buy	+1,779,432	+35.7%	$632.11K	6,756,945
Q1 2018	EEFT Euronet Worldwide, Inc.	Euronet Worldwide, Inc.	Buy - Position Entry	+3,138	-	$248.00	3,138
Q1 2018	EPAM EPAM Systems, Inc.	EPAM Systems, Inc.	Buy - Position Entry	+2,201	-	$252.00	2,201
Q1 2018	EXLS ExlService Holdings, Inc.	ExlService Holdings, Inc.	Buy	+1,551	+42.4%	$291.00	5,209
Q1 2018	FIVE Five Below, Inc.	Five Below, Inc.	Buy - Position Entry	+3,878	-	$284.00	3,878
Q1 2018	FOXF Fox Factory Holding Corp.	Fox Factory Holding Corp.	Buy	+3,919	+42.6%	$458.00	13,121
Q1 2018	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+21,615	+2.2%	$1.02M	990,728
Q1 2018	GOOGL Alphabet Inc.	Alphabet Inc.	Buy	+1,541	+0.5%	$355.28K	342,555
Q1 2018	HCSG Healthcare Services Group, Inc.	Healthcare Services Group, Inc.	Buy	+2,766	+42.6%	$403.00	9,265
Q1 2018	ICLR ICON	ICON	Buy	+14,134	+30.9%	$7.08K	59,927
Q1 2018	IT Gartner, Inc.	Gartner, Inc.	Buy	+1,261,318	+30.5%	$634.39K	5,393,527
Q1 2018	IWF iShares Russell 1000 Growth ETF	iShares Russell 1000 Growth ETF	Sell	-57,375	-57.3%	$5.82K	42,770
Q1 2018	LFUS Littelfuse, Inc.	Littelfuse, Inc.	Buy	+663	+42.4%	$463.00	2,225
Q1 2018	LMAT LeMaitre Vascular, Inc.	LeMaitre Vascular, Inc.	Buy - Position Entry	+7,908	-	$287.00	7,908
Q1 2018	LOPE Grand Canyon Education, Inc.	Grand Canyon Education, Inc.	Buy	+1,298	+42.5%	$457.00	4,355
Q1 2018	MA Mastercard Incorporated	Mastercard Incorporated	Buy	+29,538	+1.3%	$416.37K	2,377,053
Q1 2018	MASI Masimo Corporation	Masimo Corporation	Buy - Position Entry	+3,168	-	$279.00	3,168
Q1 2018	MDT Medtronic	Medtronic	Buy	+28,460	+127.2%	$4.08K	50,827

Page 1 of 2