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

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 Dec 31, 2016. 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