David M. Polen - Polen Capital Management 13F Activity & Position Changes (Q3 2018)

As of Sep 30, 2018, 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 2018, the filing reported:

New Buys - NVIDIA Corporation, RELX PLC PLC

Increases - Accenture plc, Automatic Data Processing, Inc., Alarm.com Holdings, Inc., AMN Healthcare Services Inc, Alibaba Group Holding Limited, and 40 more

Reductions - Adobe Inc., Align Technology, Inc., Five Below, Inc., Mastercard Incorporated, Oracle Corporation, and 1 more

Complete Exits - MarketAxess Holdings, 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
Q3 2018	ACN Accenture plc	Accenture plc	Buy	+36,325	+0.7%	$878.36K	5,160,737
Q3 2018	ADBE Adobe Inc.	Adobe Inc.	Sell	-1,527,100	-27.4%	$1.09M	4,042,284
Q3 2018	ADP Automatic Data Processing, Inc.	Automatic Data Processing, Inc.	Buy	+2,515	+0.0%	$1.08M	7,149,461
Q3 2018	ALGN Align Technology, Inc.	Align Technology, Inc.	Sell	-255,671	-10.8%	$825.90K	2,111,097
Q3 2018	ALRM Alarm.com Holdings, Inc.	Alarm.com Holdings, Inc.	Buy	+866	+9.1%	$598.00	10,412
Q3 2018	AMN AMN Healthcare Services Inc	AMN Healthcare Services Inc	Buy	+661	+9.1%	$432.00	7,902
Q3 2018	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Buy	+24,172	+45.1%	$12.81K	77,766
Q3 2018	BIDU Baidu, Inc.	Baidu, Inc.	Buy	+9,676	+42.6%	$7.41K	32,399
Q3 2018	BKNG Booking Holdings Inc. Common St	Booking Holdings Inc. Common St	Buy	+4,583	+2.0%	$469.82K	236,804
Q3 2018	BLKB Blackbaud, Inc.	Blackbaud, Inc.	Buy	+563	+9.1%	$687.00	6,771
Q3 2018	CHKP Check Point	Check Point	Buy	+9,462	+26.6%	$5.30K	45,015
Q3 2018	DG Dollar General Corporation	Dollar General Corporation	Buy	+37,568	+0.5%	$770.54K	7,049,753
Q3 2018	EEFT Euronet Worldwide, Inc.	Euronet Worldwide, Inc.	Buy	+319	+9.1%	$385.00	3,842
Q3 2018	EPAM EPAM Systems, Inc.	EPAM Systems, Inc.	Buy	+228	+9.2%	$371.00	2,693
Q3 2018	EXLS ExlService Holdings, Inc.	ExlService Holdings, Inc.	Buy	+530	+9.1%	$422.00	6,375
Q3 2018	FIVE Five Below, Inc.	Five Below, Inc.	Sell	-331	-6.5%	$618.00	4,755
Q3 2018	FOXF Fox Factory Holding Corp.	Fox Factory Holding Corp.	Buy	+1,347	+9.1%	$1.13K	16,069
Q3 2018	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+6,449	+0.6%	$1.21M	1,014,131
Q3 2018	GOOGL Alphabet Inc.	Alphabet Inc.	Buy	+4	+0.0%	$417.25K	345,670
Q3 2018	HCSG Healthcare Services Group, Inc.	Healthcare Services Group, Inc.	Buy	+952	+9.2%	$461.00	11,342
Q3 2018	ICLR ICON	ICON	Buy	+17,282	+26.5%	$12.68K	82,500
Q3 2018	IT Gartner, Inc.	Gartner, Inc.	Buy	+5,212	+0.1%	$870.58K	5,492,634
Q3 2018	IWF iShares Russell 1000 Growth ETF	iShares Russell 1000 Growth ETF	Buy	+4,217	+17.3%	$4.47K	28,655
Q3 2018	L44385109 Globant	Globant	Buy	+724	+9.2%	$507.00	8,593
Q3 2018	LFUS Littelfuse, Inc.	Littelfuse, Inc.	Buy	+231	+9.3%	$539.00	2,724
Q3 2018	LMAT LeMaitre Vascular, Inc.	LeMaitre Vascular, Inc.	Buy	+3,334	+33.9%	$511.00	13,183
Q3 2018	LOPE Grand Canyon Education, Inc.	Grand Canyon Education, Inc.	Buy	+449	+9.2%	$601.00	5,332
Q3 2018	MA Mastercard Incorporated	Mastercard Incorporated	Sell	-608,809	-25.2%	$402.70K	1,809,014
Q3 2018	MASI Masimo Corporation	Masimo Corporation	Buy	+322	+9.1%	$482.00	3,874
Q3 2018	MDT Medtronic	Medtronic	Buy	+14,726	+26.6%	$6.89K	70,005

Page 1 of 2