David M. Polen - Polen Capital Management 13F Activity & Position Changes (Q4 2017)

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, 2017. 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 2017, the filing reported:

New Buys - Alarm.com Holdings, Inc., AMN Healthcare Services Inc, Blackbaud, Inc., ExlService Holdings, Inc., Healthcare Services Group, Inc., and 11 more

Increases - Apple Inc., Accenture plc, Adobe Inc., Automatic Data Processing, Inc., Alibaba Group Holding Limited, and 22 more

Reductions - Align Technology, Inc., Alphabet Inc.

Complete Exits - TJX Companies, Inc. (The)

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 2017	AAPL Apple Inc.	Apple Inc.	Buy	+775	+7.4%	$1.90K	11,214
Q4 2017	ACN Accenture plc	Accenture plc	Buy	+67,052	+1.4%	$756.27K	4,940,069
Q4 2017	ADBE Adobe Inc.	Adobe Inc.	Buy	+73,489	+1.2%	$1.11M	6,362,305
Q4 2017	ADP Automatic Data Processing, Inc.	Automatic Data Processing, Inc.	Buy	+102,031	+1.5%	$810.48K	6,915,960
Q4 2017	ALGN Align Technology, Inc.	Align Technology, Inc.	Sell	-443,670	-14.5%	$582.47K	2,621,506
Q4 2017	ALRM Alarm.com Holdings, Inc.	Alarm.com Holdings, Inc.	Buy - Position Entry	+5,989	-	$226.00	5,989
Q4 2017	AMN AMN Healthcare Services Inc	AMN Healthcare Services Inc	Buy - Position Entry	+4,537	-	$223.00	4,537
Q4 2017	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Buy	+11,108	+39.8%	$6.72K	38,991
Q4 2017	BIDU Baidu, Inc.	Baidu, Inc.	Buy	+8,733	+121.7%	$3.73K	15,911
Q4 2017	BLKB Blackbaud, Inc.	Blackbaud, Inc.	Buy - Position Entry	+3,880	-	$367.00	3,880
Q4 2017	CHKP Check Point	Check Point	Buy	+11,966	+39.7%	$4.36K	42,114
Q4 2017	DG Dollar General Corporation	Dollar General Corporation	Buy	+41,833	+0.8%	$462.96K	4,977,513
Q4 2017	EXLS ExlService Holdings, Inc.	ExlService Holdings, Inc.	Buy - Position Entry	+3,658	-	$221.00	3,658
Q4 2017	FOXF Fox Factory Holding Corp.	Fox Factory Holding Corp.	Buy	+3,986	+76.4%	$357.00	9,202
Q4 2017	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+13,495	+1.4%	$1.01M	969,113
Q4 2017	GOOGL Alphabet Inc.	Alphabet Inc.	Sell	-3,600	-1.0%	$359.22K	341,014
Q4 2017	HCSG Healthcare Services Group, Inc.	Healthcare Services Group, Inc.	Buy - Position Entry	+6,499	-	$343.00	6,499
Q4 2017	ICLR ICON	ICON	Buy	+19,671	+75.3%	$5.14K	45,793
Q4 2017	IT Gartner, Inc.	Gartner, Inc.	Buy	+60,017	+1.5%	$508.88K	4,132,209
Q4 2017	IWF iShares Russell 1000 Growth ETF	iShares Russell 1000 Growth ETF	Buy	+70,380	+236.5%	$13.49K	100,145
Q4 2017	LFUS Littelfuse, Inc.	Littelfuse, Inc.	Buy - Position Entry	+1,562	-	$309.00	1,562
Q4 2017	LOPE Grand Canyon Education, Inc.	Grand Canyon Education, Inc.	Buy - Position Entry	+3,057	-	$274.00	3,057
Q4 2017	MA Mastercard Incorporated	Mastercard Incorporated	Buy	+27,384	+1.2%	$355.32K	2,347,515
Q4 2017	MDT Medtronic	Medtronic	Buy - Position Entry	+22,367	-	$1.81K	22,367
Q4 2017	META Meta Platforms, Inc.	Meta Platforms, Inc.	Buy	+95,472	+1.6%	$1.07M	6,035,504
Q4 2017	MKTX MarketAxess Holdings, Inc.	MarketAxess Holdings, Inc.	Buy - Position Entry	+1,300	-	$262.00	1,300
Q4 2017	MPWR Monolithic Power Systems, Inc.	Monolithic Power Systems, Inc.	Buy - Position Entry	+2,246	-	$252.00	2,246
Q4 2017	MSFT Microsoft Corporation	Microsoft Corporation	Buy	+149,172	+2.1%	$618.49K	7,230,387
Q4 2017	NEOG Neogen Corporation	Neogen Corporation	Buy - Position Entry	+3,035	-	$250.00	3,035
Q4 2017	NKE Nike, Inc.	Nike, Inc.	Buy	+155,509	+1.2%	$797.01K	12,741,989

Page 1 of 2