David M. Polen - Polen Capital Management 13F Activity & Position Changes (Q4 2016)

As of Dec 31, 2016, 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 Q4 2016, the filing reported:

New Buys - None reported

Increases - Accenture plc, Adobe Inc., Automatic Data Processing, Inc., Align Technology, Inc., Alibaba Group Holding Limited, and 18 more

Reductions - Apple Inc.

Complete Exits - Baidu, 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
Q4 2016	AAPL Apple Inc.	Apple Inc.	Sell	-2,973,189	-99.7%	$1.09K	9,393
Q4 2016	ACN Accenture plc	Accenture plc	Buy	+301,689	+8.0%	$479.00K	4,089,466
Q4 2016	ADBE Adobe Inc.	Adobe Inc.	Buy	+334,110	+8.4%	$442.49K	4,298,126
Q4 2016	ADP Automatic Data Processing, Inc.	Automatic Data Processing, Inc.	Buy	+1,263,015	+28.0%	$593.14K	5,770,975
Q4 2016	ALGN Align Technology, Inc.	Align Technology, Inc.	Buy	+1,160,362	+66.6%	$278.94K	2,901,702
Q4 2016	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Buy	+1,919	+16.6%	$1.18K	13,454
Q4 2016	BIDU Baidu, Inc.	Baidu, Inc.	Sell - Position Exit	-5,013	-100.0%	$0.00	-
Q4 2016	CHKP Check Point	Check Point	Buy	+2,067	+16.2%	$1.25K	14,842
Q4 2016	DG Dollar General Corporation	Dollar General Corporation	Buy	+2,129,904	+120.1%	$289.14K	3,903,635
Q4 2016	FAST Fastenal Company	Fastenal Company	Buy	+1,510	+6.4%	$1.17K	24,990
Q4 2016	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+66,847	+9.0%	$623.04K	807,231
Q4 2016	GOOGL Alphabet Inc.	Alphabet Inc.	Buy	+30,075	+6.6%	$386.68K	487,960
Q4 2016	IT Gartner, Inc.	Gartner, Inc.	Buy	+258,452	+8.1%	$347.19K	3,435,091
Q4 2016	IWF iShares Russell 1000 Growth ETF	iShares Russell 1000 Growth ETF	Buy	+139,202	+116.3%	$27.16K	258,918
Q4 2016	MA Mastercard Incorporated	Mastercard Incorporated	Buy	+165,756	+9.3%	$200.68K	1,943,628
Q4 2016	META Meta Platforms, Inc.	Meta Platforms, Inc.	Buy	+380,640	+8.2%	$575.65K	5,003,453
Q4 2016	NKE Nike, Inc.	Nike, Inc.	Buy	+566,551	+5.8%	$529.15K	10,410,133
Q4 2016	NSRGY Nestle S.A.	Nestle S.A.	Buy	+262,689	+5.3%	$372.36K	5,180,631
Q4 2016	NVO Novo Nordisk A/S	Novo Nordisk A/S	Buy	+1,716	+12.2%	$565.00	15,766
Q4 2016	ORCL Oracle Corporation	Oracle Corporation	Buy	+730,893	+7.2%	$417.73K	10,864,265
Q4 2016	ORLY O'Reilly Automotive, Inc.	O'Reilly Automotive, Inc.	Buy	+103,990	+8.0%	$390.24K	1,401,678
Q4 2016	REGN Regeneron Pharmaceuticals, Inc.	Regeneron Pharmaceuticals, Inc.	Buy	+529,348	+65.2%	$492.14K	1,340,649
Q4 2016	SBUX Starbucks Corporation	Starbucks Corporation	Buy	+704,983	+7.8%	$540.06K	9,727,375
Q4 2016	TJX TJX Companies, Inc. (The)	TJX Companies, Inc. (The)	Buy	+441,444	+7.7%	$465.04K	6,189,811
Q4 2016	V Visa Inc.	Visa Inc.	Buy	+651,827	+7.8%	$700.05K	8,972,673