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

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, 2019. 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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