David M. Polen - Polen Capital Management 13F Activity & Position Changes (Q2 2019)

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 Jun 30, 2019. 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 2019, the filing reported:

New Buys - U.S. Physical Therapy, Inc.

Increases - Accenture plc, Adobe Inc., Align Technology, Inc., Alarm.com Holdings, Inc., Altair Engineering Inc., and 42 more

Reductions - Automatic Data Processing, Inc., Dollar General Corporation, Nike, Inc., O'Reilly Automotive, Inc., Regeneron Pharmaceuticals, Inc., and 1 more

Complete Exits - Baidu, Inc., Healthcare Services Group, 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
Q2 2019	ACN Accenture plc	Accenture plc	Buy	+189,523	+3.4%	$1.08M	5,841,892
Q2 2019	ADBE Adobe Inc.	Adobe Inc.	Buy	+135,526	+3.0%	$1.36M	4,611,589
Q2 2019	ADP Automatic Data Processing, Inc.	Automatic Data Processing, Inc.	Sell	-1,419,618	-23.3%	$773.13K	4,676,299
Q2 2019	ALGN Align Technology, Inc.	Align Technology, Inc.	Buy	+111,291	+4.5%	$712.53K	2,603,337
Q2 2019	ALRM Alarm.com Holdings, Inc.	Alarm.com Holdings, Inc.	Buy	+1,298	+7.9%	$943.00	17,630
Q2 2019	ALTR Altair Engineering Inc.	Altair Engineering Inc.	Buy	+878	+7.7%	$494.00	12,242
Q2 2019	AMN AMN Healthcare Services Inc	AMN Healthcare Services Inc	Buy	+991	+8.0%	$726.00	13,390
Q2 2019	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Buy	+76,427	+55.7%	$36.22K	213,719
Q2 2019	BIDU Baidu, Inc.	Baidu, Inc.	Sell - Position Exit	-45,228	-100.0%	$0.00	-
Q2 2019	BKNG Booking Holdings Inc. Common St	Booking Holdings Inc. Common St	Buy	+8,104	+3.4%	$466.23K	248,693
Q2 2019	BLKB Blackbaud, Inc.	Blackbaud, Inc.	Buy	+1,197	+8.0%	$1.35K	16,119
Q2 2019	CHKP Check Point	Check Point	Buy	+18,559	+29.6%	$9.40K	81,343
Q2 2019	DG Dollar General Corporation	Dollar General Corporation	Sell	-1,502,950	-19.9%	$819.28K	6,061,528
Q2 2019	EEFT Euronet Worldwide, Inc.	Euronet Worldwide, Inc.	Buy	+471	+7.8%	$1.09K	6,500
Q2 2019	EPAM EPAM Systems, Inc.	EPAM Systems, Inc.	Buy	+334	+7.9%	$791.00	4,570
Q2 2019	EXLS ExlService Holdings, Inc.	ExlService Holdings, Inc.	Buy	+682	+6.8%	$707.00	10,688
Q2 2019	FIVE Five Below, Inc.	Five Below, Inc.	Buy	+373	+8.1%	$597.00	4,976
Q2 2019	FND Floor & Decor Holdings, Inc.	Floor & Decor Holdings, Inc.	Buy	+1,663	+7.9%	$950.00	22,671
Q2 2019	FOXF Fox Factory Holding Corp.	Fox Factory Holding Corp.	Buy	+2,095	+8.3%	$2.26K	27,342
Q2 2019	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+213,724	+19.3%	$1.43M	1,319,627
Q2 2019	GOOGL Alphabet Inc.	Alphabet Inc.	Buy	+6,480	+1.7%	$417.89K	385,932
Q2 2019	HCSG Healthcare Services Group, Inc.	Healthcare Services Group, Inc.	Sell - Position Exit	-17,823	-100.0%	$0.00	-
Q2 2019	ICLR ICON	ICON	Buy	+34,037	+29.6%	$22.95K	149,054
Q2 2019	INGN Inogen, Inc	Inogen, Inc	Buy	+404	+8.6%	$339.00	5,083
Q2 2019	IT Gartner, Inc.	Gartner, Inc.	Buy	+154,604	+3.2%	$797.45K	4,954,947
Q2 2019	IWF iShares Russell 1000 Growth ETF	iShares Russell 1000 Growth ETF	Buy	+22,361	+76.9%	$8.09K	51,432
Q2 2019	L44385109 Globant	Globant	Buy	+1,678	+8.6%	$2.14K	21,174
Q2 2019	LFUS Littelfuse, Inc.	Littelfuse, Inc.	Buy	+325	+7.6%	$815.00	4,605
Q2 2019	LMAT LeMaitre Vascular, Inc.	LeMaitre Vascular, Inc.	Buy	+2,016	+7.5%	$808.00	28,881
Q2 2019	LOPE Grand Canyon Education, Inc.	Grand Canyon Education, Inc.	Buy	+657	+7.8%	$1.06K	9,031

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