David M. Polen - Polen Capital Management 13F Activity & Position Changes (Q4 2019)

As of Dec 31, 2019, 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 2019, the filing reported:

New Buys - iShares MSCI ACWI ex U.S. ETF, Salesforce, Inc., Envestnet, Inc, Exponent, Inc., ServiceNow, Inc., and 1 more

Increases - Abbott Laboratories, Accenture plc, Adobe Inc., Automatic Data Processing, Inc., Align Technology, Inc., and 46 more

Reductions - iShares Russell 1000 Growth ETF, Meta Platforms, Inc., Microsoft Corporation, Oracle Corporation, Paycom Software, Inc.

Complete Exits - None reported

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 2019	ABT Abbott Laboratories	Abbott Laboratories	Buy	+8,802,518	+7236.6%	$775.15K	8,924,157
Q4 2019	ACN Accenture plc	Accenture plc	Buy	+191,131	+3.1%	$1.32M	6,290,843
Q4 2019	ACWX iShares MSCI ACWI ex U.S. ETF	iShares MSCI ACWI ex U.S. ETF	Buy - Position Entry	+46,108	-	$2.27K	46,108
Q4 2019	ADBE Adobe Inc.	Adobe Inc.	Buy	+141,977	+3.0%	$1.63M	4,953,887
Q4 2019	ADP Automatic Data Processing, Inc.	Automatic Data Processing, Inc.	Buy	+173,544	+3.6%	$861.32K	5,051,703
Q4 2019	ALGN Align Technology, Inc.	Align Technology, Inc.	Buy	+46,267	+1.7%	$788.78K	2,826,782
Q4 2019	ALRM Alarm.com Holdings, Inc.	Alarm.com Holdings, Inc.	Buy	+2,800	+15.8%	$884.00	20,569
Q4 2019	ALTR Altair Engineering Inc.	Altair Engineering Inc.	Buy	+3,138	+15.9%	$820.00	22,846
Q4 2019	AMN AMN Healthcare Services Inc	AMN Healthcare Services Inc	Buy	+2,117	+15.6%	$976.00	15,657
Q4 2019	APPF AppFolio, Inc.	AppFolio, Inc.	Buy	+5,677	+69.2%	$1.53K	13,886
Q4 2019	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Buy	+104,733	+35.9%	$84.09K	396,478
Q4 2019	BKNG Booking Holdings Inc. Common St	Booking Holdings Inc. Common St	Buy	+6,226	+2.4%	$548.78K	267,214
Q4 2019	BLKB Blackbaud, Inc.	Blackbaud, Inc.	Buy	+2,559	+15.7%	$1.50K	18,856
Q4 2019	CHKP Check Point	Check Point	Buy	+19,670	+16.1%	$15.74K	141,869
Q4 2019	CRM Salesforce, Inc.	Salesforce, Inc.	Buy - Position Entry	+3,081,772	-	$501.22K	3,081,772
Q4 2019	DG Dollar General Corporation	Dollar General Corporation	Buy	+164,020	+2.6%	$1.00M	6,416,730
Q4 2019	EEFT Euronet Worldwide, Inc.	Euronet Worldwide, Inc.	Buy	+1,029	+15.6%	$1.20K	7,609
Q4 2019	ENV Envestnet, Inc	Envestnet, Inc	Buy - Position Entry	+12,076	-	$841.00	12,076
Q4 2019	EPAM EPAM Systems, Inc.	EPAM Systems, Inc.	Buy	+726	+15.7%	$1.14K	5,351
Q4 2019	EXLS ExlService Holdings, Inc.	ExlService Holdings, Inc.	Buy	+1,706	+15.6%	$877.00	12,633
Q4 2019	EXPO Exponent, Inc.	Exponent, Inc.	Buy - Position Entry	+19,527	-	$1.35K	19,527
Q4 2019	FIVE Five Below, Inc.	Five Below, Inc.	Buy	+790	+15.7%	$744.00	5,818
Q4 2019	FND Floor & Decor Holdings, Inc.	Floor & Decor Holdings, Inc.	Buy	+3,606	+15.7%	$1.35K	26,555
Q4 2019	FOXF Fox Factory Holding Corp.	Fox Factory Holding Corp.	Buy	+4,321	+15.7%	$2.22K	31,884
Q4 2019	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+44,705	+3.3%	$1.88M	1,408,389
Q4 2019	GOOGL Alphabet Inc.	Alphabet Inc.	Buy	+5,740	+1.4%	$541.29K	404,133
Q4 2019	ICLR ICON	ICON	Buy	+36,370	+16.3%	$44.80K	260,128
Q4 2019	IT Gartner, Inc.	Gartner, Inc.	Buy	+153,981	+3.0%	$821.20K	5,328,987
Q4 2019	IWF iShares Russell 1000 Growth ETF	iShares Russell 1000 Growth ETF	Sell	-7,716	-16.9%	$6.66K	37,833
Q4 2019	L44385109 Globant	Globant	Buy	+3,373	+15.2%	$2.71K	25,594

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