David M. Polen - Polen Capital Management 13F Activity & Position Changes (Q3 2021)

According to the SEC 13F filed on Nov 10, 2021, the Polen Capital Management portfolio showed several notable changes in holdings as of quarter-end Sep 30, 2021. 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 2021, the filing reported:

New Buys - Airbnb, Inc., Autohome Inc., Booking Holdings Inc. Common St, Global X S&P 500 Catholic Value, Dollar General Corporation, and 8 more

Increases - Abbott Laboratories, iShares MSCI ACWI ETF, iShares MSCI ACWI ex U.S. ETF, Automatic Data Processing, Inc., Autodesk, Inc., and 55 more

Reductions - Accenture plc, Adobe Inc., Alibaba Group Holding Limited, Estee Lauder Companies, Inc. (T, Etsy, Inc., and 9 more

Complete Exits - Euronet Worldwide, Inc., Envestnet, 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 2021	ABNB Airbnb, Inc.	Airbnb, Inc.	Buy - Position Entry	+9,534,237	-	$1.60M	9,534,237
Q3 2021	ABT Abbott Laboratories	Abbott Laboratories	Buy	+27,692	+0.1%	$2.60M	22,012,696
Q3 2021	ACN Accenture plc	Accenture plc	Sell	-1,515,073	-18.4%	$2.15M	6,723,544
Q3 2021	ACWI iShares MSCI ACWI ETF	iShares MSCI ACWI ETF	Buy	+477	+14.3%	$380.00	3,807
Q3 2021	ACWX iShares MSCI ACWI ex U.S. ETF	iShares MSCI ACWI ex U.S. ETF	Buy	+5,265	+69.7%	$710.00	12,817
Q3 2021	ADBE Adobe Inc.	Adobe Inc.	Sell	-541,368	-8.7%	$3.28M	5,704,396
Q3 2021	ADP Automatic Data Processing, Inc.	Automatic Data Processing, Inc.	Buy	+32,851	+13.4%	$55.67K	278,462
Q3 2021	ADSK Autodesk, Inc.	Autodesk, Inc.	Buy	+875,015	+14.5%	$1.97M	6,897,362
Q3 2021	ALGN Align Technology, Inc.	Align Technology, Inc.	Buy	+21,800	+1.3%	$1.10M	1,656,405
Q3 2021	ALRM Alarm.com Holdings, Inc.	Alarm.com Holdings, Inc.	Buy	+12,018	+8.1%	$12.50K	159,811
Q3 2021	ALTR Altair Engineering Inc.	Altair Engineering Inc.	Buy	+10,126	+9.3%	$8.22K	119,227
Q3 2021	AMN AMN Healthcare Services Inc	AMN Healthcare Services Inc	Buy	+9,671	+9.3%	$13.05K	113,730
Q3 2021	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Buy	+456,024	+65.4%	$3.79M	1,152,907
Q3 2021	AON Aon Plc	Aon Plc	Buy	+209,597	+25.8%	$292.13K	1,022,244
Q3 2021	APPF AppFolio, Inc.	AppFolio, Inc.	Buy	+7,728	+8.3%	$12.08K	100,342
Q3 2021	ASML ASML	ASML	Buy	+34,512	+78.0%	$58.69K	78,762
Q3 2021	ATHM Autohome Inc.	Autohome Inc.	Buy - Position Entry	+10,995	-	$516.00	10,995
Q3 2021	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Sell	-936,564	-66.1%	$71.20K	480,951
Q3 2021	BKNG Booking Holdings Inc. Common St	Booking Holdings Inc. Common St	Buy - Position Entry	+134	-	$318.00	134
Q3 2021	BL BlackLine, Inc.	BlackLine, Inc.	Buy	+10,624	+9.6%	$14.39K	121,850
Q3 2021	CATH Global X S&P 500 Catholic Value	Global X S&P 500 Catholic Value	Buy - Position Entry	+99,879	-	$5.39K	99,879
Q3 2021	CDW CDW Corporation	CDW Corporation	Buy	+623	+3.6%	$3.25K	17,852
Q3 2021	CPRT Copart, Inc.	Copart, Inc.	Buy	+710	+3.6%	$2.81K	20,265
Q3 2021	CRM Salesforce, Inc.	Salesforce, Inc.	Buy	+128,367	+1.3%	$2.65M	9,777,594
Q3 2021	DAVA Endava plc	Endava plc	Buy	+10,561	+7.4%	$20.80K	153,075
Q3 2021	DG Dollar General Corporation	Dollar General Corporation	Buy - Position Entry	+5,234	-	$1.11K	5,234
Q3 2021	DT Dynatrace, Inc.	Dynatrace, Inc.	Buy	+3,486	+4.2%	$6.10K	85,901
Q3 2021	EEFT Euronet Worldwide, Inc.	Euronet Worldwide, Inc.	Sell - Position Exit	-26,741	-100.0%	$0.00	-
Q3 2021	EL Estee Lauder Companies, Inc. (T	Estee Lauder Companies, Inc. (T	Sell	-165,490	-98.4%	$812.00	2,707
Q3 2021	ENV Envestnet, Inc	Envestnet, Inc	Sell - Position Exit	-63,384	-100.0%	$0.00	-

Page 1 of 3