David M. Polen - Polen Capital Management 13F Activity & Position Changes (Q3 2017)

As of Sep 30, 2017, 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 Q3 2017, the filing reported:

New Buys - Fox Factory Holding Corp., Microsoft Corporation, Ollie's Bargain Outlet Holdings, Pool Corporation, SAP SE

Increases - Apple Inc., Accenture plc, Adobe Inc., Automatic Data Processing, Inc., Alibaba Group Holding Limited, and 14 more

Reductions - Align Technology, Inc., Alphabet Inc., iShares Russell 1000 Growth ETF, Regeneron Pharmaceuticals, Inc., TJX Companies, Inc. (The), and 1 more

Complete Exits - Fastenal Company

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
Q3 2017	AAPL Apple Inc.	Apple Inc.	Buy	+516	+5.2%	$1.61K	10,439
Q3 2017	ACN Accenture plc	Accenture plc	Buy	+124,266	+2.6%	$658.20K	4,873,017
Q3 2017	ADBE Adobe Inc.	Adobe Inc.	Buy	+226,286	+3.7%	$938.17K	6,288,816
Q3 2017	ADP Automatic Data Processing, Inc.	Automatic Data Processing, Inc.	Buy	+152,027	+2.3%	$744.90K	6,813,929
Q3 2017	ALGN Align Technology, Inc.	Align Technology, Inc.	Sell	-297,394	-8.8%	$570.95K	3,065,176
Q3 2017	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Buy	+10,301	+58.6%	$4.82K	27,883
Q3 2017	BIDU Baidu, Inc.	Baidu, Inc.	Buy	+5,102	+245.8%	$1.78K	7,178
Q3 2017	CHKP Check Point	Check Point	Buy	+10,908	+56.7%	$3.44K	30,148
Q3 2017	DG Dollar General Corporation	Dollar General Corporation	Buy	+154,938	+3.2%	$400.04K	4,935,680
Q3 2017	FAST Fastenal Company	Fastenal Company	Sell - Position Exit	-26,400	-100.0%	$0.00	-
Q3 2017	FOXF Fox Factory Holding Corp.	Fox Factory Holding Corp.	Buy - Position Entry	+5,216	-	$225.00	5,216
Q3 2017	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+28,888	+3.1%	$916.54K	955,618
Q3 2017	GOOGL Alphabet Inc.	Alphabet Inc.	Sell	-97,981	-22.1%	$335.56K	344,614
Q3 2017	ICLR ICON	ICON	Buy	+18,583	+246.5%	$2.98K	26,122
Q3 2017	IT Gartner, Inc.	Gartner, Inc.	Buy	+99,243	+2.5%	$506.62K	4,072,192
Q3 2017	IWF iShares Russell 1000 Growth ETF	iShares Russell 1000 Growth ETF	Sell	-206,533	-87.4%	$3.72K	29,765
Q3 2017	MA Mastercard Incorporated	Mastercard Incorporated	Buy	+40,712	+1.8%	$327.60K	2,320,131
Q3 2017	META Meta Platforms, Inc.	Meta Platforms, Inc.	Buy	+134,590	+2.3%	$1.01M	5,940,032
Q3 2017	MSFT Microsoft Corporation	Microsoft Corporation	Buy - Position Entry	+7,081,215	-	$527.48K	7,081,215
Q3 2017	NKE Nike, Inc.	Nike, Inc.	Buy	+427,845	+3.5%	$652.61K	12,586,480
Q3 2017	NVO Novo Nordisk A/S	Novo Nordisk A/S	Buy	+872	+5.2%	$844.00	17,525
Q3 2017	OLLI Ollie's Bargain Outlet Holdings	Ollie's Bargain Outlet Holdings	Buy - Position Entry	+4,667	-	$217.00	4,667
Q3 2017	ORCL Oracle Corporation	Oracle Corporation	Buy	+2,737,445	+21.7%	$742.54K	15,357,706
Q3 2017	ORLY O'Reilly Automotive, Inc.	O'Reilly Automotive, Inc.	Buy	+607,076	+29.4%	$575.58K	2,672,521
Q3 2017	POOL Pool Corporation	Pool Corporation	Buy - Position Entry	+1,913	-	$207.00	1,913
Q3 2017	REGN Regeneron Pharmaceuticals, Inc.	Regeneron Pharmaceuticals, Inc.	Sell	-212,706	-13.4%	$614.17K	1,373,614
Q3 2017	SAP SAP SE	SAP SE	Buy - Position Entry	+21,213	-	$2.33K	21,213
Q3 2017	SBUX Starbucks Corporation	Starbucks Corporation	Buy	+413,505	+3.6%	$631.02K	11,748,596
Q3 2017	TJX TJX Companies, Inc. (The)	TJX Companies, Inc. (The)	Sell	-214,708	-98.3%	$269.00	3,645
Q3 2017	UL Unilever PLC	Unilever PLC	Buy	+34,236	+323.7%	$2.60K	44,813

Page 1 of 2