David M. Polen - Polen Capital Management 13F Activity & Position Changes (Q1 2020)

As of Mar 31, 2020, the Polen Capital Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 14, 2026. 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 2020, the filing reported:

New Buys - Autodesk, Inc., Etsy, Inc., Helen of Troy, Paylocity Holding Corporation, Revolve Group, Inc., and 1 more

Increases - Abbott Laboratories, Accenture plc, Adobe Inc., Automatic Data Processing, Inc., Align Technology, Inc., and 42 more

Reductions - iShares MSCI ACWI ex U.S. ETF, Booking Holdings Inc. Common St, Dollar General Corporation, Nike, Inc., O'Reilly Automotive, Inc., and 4 more

Complete Exits - ExlService Holdings, Inc., Grand Canyon Education, Inc., MEDIFAST INC, Neogen Corporation, Novo Nordisk A/S, and 1 more

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 2020	ABT Abbott Laboratories	Abbott Laboratories	Buy	+7,735,426	+86.7%	$1.31M	16,659,583
Q1 2020	ACN Accenture plc	Accenture plc	Buy	+367,649	+5.8%	$1.09M	6,658,492
Q1 2020	ACWX iShares MSCI ACWI ex U.S. ETF	iShares MSCI ACWI ex U.S. ETF	Sell	-34,304	-74.4%	$444.00	11,804
Q1 2020	ADBE Adobe Inc.	Adobe Inc.	Buy	+180,710	+3.6%	$1.63M	5,134,597
Q1 2020	ADP Automatic Data Processing, Inc.	Automatic Data Processing, Inc.	Buy	+275,548	+5.5%	$728.13K	5,327,251
Q1 2020	ADSK Autodesk, Inc.	Autodesk, Inc.	Buy - Position Entry	+3,725,811	-	$581.60K	3,725,811
Q1 2020	ALGN Align Technology, Inc.	Align Technology, Inc.	Buy	+212,224	+7.5%	$528.63K	3,039,006
Q1 2020	ALRM Alarm.com Holdings, Inc.	Alarm.com Holdings, Inc.	Buy	+13,849	+67.3%	$1.34K	34,418
Q1 2020	ALTR Altair Engineering Inc.	Altair Engineering Inc.	Buy	+15,382	+67.3%	$1.01K	38,228
Q1 2020	AMN AMN Healthcare Services Inc	AMN Healthcare Services Inc	Buy	+10,459	+66.8%	$1.51K	26,116
Q1 2020	APPF AppFolio, Inc.	AppFolio, Inc.	Buy	+9,389	+67.6%	$2.58K	23,275
Q1 2020	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Buy	+111,530	+28.1%	$98.80K	508,008
Q1 2020	BKNG Booking Holdings Inc. Common St	Booking Holdings Inc. Common St	Sell	-266,758	-99.8%	$613.00	456
Q1 2020	BLKB Blackbaud, Inc.	Blackbaud, Inc.	Buy	+12,607	+66.9%	$1.75K	31,463
Q1 2020	CHKP Check Point	Check Point	Buy	+30,431	+21.5%	$17.32K	172,300
Q1 2020	CRM Salesforce, Inc.	Salesforce, Inc.	Buy	+2,980,823	+96.7%	$872.89K	6,062,595
Q1 2020	DG Dollar General Corporation	Dollar General Corporation	Sell	-1,304,385	-20.3%	$772.01K	5,112,345
Q1 2020	EEFT Euronet Worldwide, Inc.	Euronet Worldwide, Inc.	Buy	+5,151	+67.7%	$1.09K	12,760
Q1 2020	ENV Envestnet, Inc	Envestnet, Inc	Buy	+10,239	+84.8%	$1.20K	22,315
Q1 2020	EPAM EPAM Systems, Inc.	EPAM Systems, Inc.	Buy	+3,616	+67.6%	$1.67K	8,967
Q1 2020	ETSY Etsy, Inc.	Etsy, Inc.	Buy - Position Entry	+25,454	-	$978.00	25,454
Q1 2020	EXLS ExlService Holdings, Inc.	ExlService Holdings, Inc.	Sell - Position Exit	-12,633	-100.0%	$0.00	-
Q1 2020	EXPO Exponent, Inc.	Exponent, Inc.	Buy	+13,076	+67.0%	$2.34K	32,603
Q1 2020	FIVE Five Below, Inc.	Five Below, Inc.	Buy	+3,995	+68.7%	$691.00	9,813
Q1 2020	FND Floor & Decor Holdings, Inc.	Floor & Decor Holdings, Inc.	Buy	+17,739	+66.8%	$1.42K	44,294
Q1 2020	FOXF Fox Factory Holding Corp.	Fox Factory Holding Corp.	Buy	+21,483	+67.4%	$2.24K	53,367
Q1 2020	G4388N106 Helen of Troy	Helen of Troy	Buy - Position Entry	+8,280	-	$1.19K	8,280
Q1 2020	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+63,919	+4.5%	$1.71M	1,472,308
Q1 2020	GOOGL Alphabet Inc.	Alphabet Inc.	Buy	+7,456	+1.8%	$478.25K	411,589
Q1 2020	ICLR ICON	ICON	Buy	+57,091	+21.9%	$43.14K	317,219

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