David M. Polen - Polen Capital Management 13F Activity & Position Changes (Q4 2024)

According to the SEC 13F filed on Feb 10, 2025, the Polen Capital Management portfolio showed several notable changes in holdings as of quarter-end Dec 31, 2024. 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 2024, the filing reported:

New Buys - Belden Inc, Bentley Systems, Incorporated, Colliers International Group In, CoStar Group, Inc., Entegris, Inc., and 9 more

Increases - iShares MSCI ACWI ETF, iShares MSCI ACWI ex U.S. ETF, Applied Industrial Technologies, Booz Allen Hamilton Holding Cor, TopBuild Corp., and 23 more

Reductions - AAON, Inc., Apple Inc., Airbnb, Inc., Abbott Laboratories, Accenture plc, and 75 more

Complete Exits - Aspen Technology, Inc., SPDR Bloomberg 1-3 Month T-Bill, Endava plc, Euronet Worldwide, Inc., Five Below, Inc., and 4 more

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 2024	AAON AAON, Inc.	AAON, Inc.	Sell	-1,371	-4.2%	$3.71M	31,557
Q4 2024	AAPL Apple Inc.	Apple Inc.	Sell	-566,630	-8.4%	$1.54B	6,169,513
Q4 2024	ABNB Airbnb, Inc.	Airbnb, Inc.	Sell	-965,670	-10.5%	$1.08B	8,216,914
Q4 2024	ABT Abbott Laboratories	Abbott Laboratories	Sell	-1,249,247	-9.0%	$1.44B	12,688,363
Q4 2024	ACN Accenture plc	Accenture plc	Sell	-375,536	-9.6%	$1.24B	3,526,610
Q4 2024	ACWI iShares MSCI ACWI ETF	iShares MSCI ACWI ETF	Buy	+226,679	+248.8%	$37.34M	317,801
Q4 2024	ACWX iShares MSCI ACWI ex U.S. ETF	iShares MSCI ACWI ex U.S. ETF	Buy	+340,791	+863.2%	$19.83M	380,271
Q4 2024	ADBE Adobe Inc.	Adobe Inc.	Sell	-296,054	-8.9%	$1.34B	3,015,574
Q4 2024	ADP Automatic Data Processing, Inc.	Automatic Data Processing, Inc.	Sell	-18,403	-9.3%	$52.62M	179,749
Q4 2024	ADSK Autodesk, Inc.	Autodesk, Inc.	Sell	-2,065	-28.5%	$1.53M	5,174
Q4 2024	AIT Applied Industrial Technologies	Applied Industrial Technologies	Buy	+2,352	+14.5%	$4.44M	18,556
Q4 2024	ALGN Align Technology, Inc.	Align Technology, Inc.	Sell	-5,711	-55.9%	$939.06K	4,504
Q4 2024	ALRM Alarm.com Holdings, Inc.	Alarm.com Holdings, Inc.	Sell	-96,863	-81.9%	$1.30M	21,461
Q4 2024	AMN AMN Healthcare Services Inc	AMN Healthcare Services Inc	Sell	-6,670	-14.9%	$912.36K	38,142
Q4 2024	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-6,198,245	-24.1%	$4.29B	19,546,612
Q4 2024	AON Aon Plc	Aon Plc	Sell	-62,167	-8.0%	$258.35M	719,322
Q4 2024	ASML ASML	ASML	Sell	-5,142	-7.6%	$43.07M	62,141
Q4 2024	AZPN Aspen Technology, Inc.	Aspen Technology, Inc.	Sell - Position Exit	-7,483	-100.0%	$0.00	-
Q4 2024	BAH Booz Allen Hamilton Holding Cor	Booz Allen Hamilton Holding Cor	Buy	+4,178	+88.5%	$1.15M	8,900
Q4 2024	BDC Belden Inc	Belden Inc	Buy - Position Entry	+24,182	-	$2.72M	24,182
Q4 2024	BIL SPDR Bloomberg 1-3 Month T-Bill	SPDR Bloomberg 1-3 Month T-Bill	Sell - Position Exit	-5,072	-100.0%	$0.00	-
Q4 2024	BL BlackLine, Inc.	BlackLine, Inc.	Sell	-6,506	-9.4%	$3.82M	62,791
Q4 2024	BLD TopBuild Corp.	TopBuild Corp.	Buy	+1,145	+28.1%	$1.63M	5,220
Q4 2024	BROS Dutch Bros Inc.	Dutch Bros Inc.	Buy	+60,782	+137.4%	$5.50M	105,023
Q4 2024	BSY Bentley Systems, Incorporated	Bentley Systems, Incorporated	Buy - Position Entry	+21,407	-	$999.71K	21,407
Q4 2024	BWMN Bowman Consulting Group Ltd.	Bowman Consulting Group Ltd.	Sell	-2,218	-5.4%	$972.24K	38,968
Q4 2024	CATH Global X S&P 500 Catholic Value	Global X S&P 500 Catholic Value	Sell	-7,125	-13.0%	$3.37M	47,625
Q4 2024	CCCS CCC Intelligent Solutions Holdi	CCC Intelligent Solutions Holdi	Sell	-33,886	-4.3%	$8.94M	762,304
Q4 2024	CIGI Colliers International Group In	Colliers International Group In	Buy - Position Entry	+8,226	-	$1.12M	8,226
Q4 2024	CNM Core & Main, Inc.	Core & Main, Inc.	Sell	-11,670	-7.9%	$6.91M	135,737

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