David M. Polen – Polen Capital Management Portfolio Activity & Recent Trades (Jun 30, 2025)

As of Jun 30, 2025, the Polen Capital Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Aug 13, 2025. 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 Q2 2025, the filing reported:

New Buys – IDEXX Laboratories, Inc. (IDXX), ICICI Bank Limited (IBN), The Real Brokerage, Inc. (REAX), Joby Aviation (G65163100), Peloton Interactive, Inc. (PTON), and 146 more

Increases – Starbucks Corporation (SBUX), Adobe Inc. (ADBE), CoStar Group, Inc. (CSGP), ON Holding (ONON), ServiceNow, Inc. (NOW), and 4 more

Reductions – NetEase, Inc. (NTES), PayPal Holdings, Inc. (PYPL), Autodesk, Inc. (ADSK), Ollie's Bargain Outlet Holdings (OLLI), Vanguard Growth ETF (VUG), and 75 more

Complete Exits – Comfort Systems USA, Inc. (FIX), Wingstop Inc. (WING), iShares Russell 2000 Growth ETF (IWO), Manhattan Associates, Inc. (MANH), Saia, Inc. (SAIA), and 22 more

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Polen Capital Management Activity

Date	Symbol	Name	Type	Quantity	Value	Remaining
Q1 2020Mar 31, 2020	PYPL PayPal Holdings, Inc.	PayPal Holdings, Inc.	Buy	+220,963+2.9%	$757.46K	7,911,640
Q1 2020Mar 31, 2020	ALGN Align Technology, Inc.	Align Technology, Inc.	Buy	+212,224+7.5%	$528.63K	3,039,006
Q1 2020Mar 31, 2020	MA Mastercard Incorporated	Mastercard Incorporated	Buy	+211,381+4.5%	$1.19M	4,934,230
Q1 2020Mar 31, 2020	ADBE Adobe Inc.	Adobe Inc.	Buy	+180,710+3.6%	$1.63M	5,134,597
Q1 2020Mar 31, 2020	RELX RELX PLC PLC	RELX PLC PLC	Buy	+176,031+24.0%	$19.45K	908,876
Q1 2020Mar 31, 2020	RVLV Revolve Group, Inc.	Revolve Group, Inc.	Buy - Position Entry	+168,735	$1.46K	168,735
Q1 2020Mar 31, 2020	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Buy	+111,530+28.1%	$98.80K	508,008
Q1 2020Mar 31, 2020	MDT Medtronic	Medtronic	Buy	+111,028+36.8%	$37.23K	412,859
Q1 2020Mar 31, 2020	ORCL Oracle Corporation	Oracle Corporation	Buy	+104,987+49.4%	$15.35K	317,570
Q1 2020Mar 31, 2020	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+63,919+4.5%	$1.71M	1,472,308
Q1 2020Mar 31, 2020	ICLR ICON	ICON	Buy	+57,091+21.9%	$43.14K	317,219
Q1 2020Mar 31, 2020	SAP SAP SE	SAP SE	Buy	+54,349+19.6%	$36.65K	331,675
Q1 2020Mar 31, 2020	MSCI MSCI Inc.	MSCI Inc.	Buy	+53,342+2.5%	$625.98K	2,166,322
Q1 2020Mar 31, 2020	YETI YETI Holdings, Inc.	YETI Holdings, Inc.	Buy - Position Entry	+48,846	$953.00	48,846
Q1 2020Mar 31, 2020	REGN Regeneron Pharmaceuticals, Inc.	Regeneron Pharmaceuticals, Inc.	Buy	+44,708+2.7%	$840.35K	1,721,002
Q1 2020Mar 31, 2020	CHKP Check Point	Check Point	Buy	+30,431+21.5%	$17.32K	172,300
Q1 2020Mar 31, 2020	LMAT LeMaitre Vascular, Inc.	LeMaitre Vascular, Inc.	Buy	+26,684+66.9%	$1.66K	66,572
Q1 2020Mar 31, 2020	ETSY Etsy, Inc.	Etsy, Inc.	Buy - Position Entry	+25,454	$978.00	25,454
Q1 2020Mar 31, 2020	FOXF Fox Factory Holding Corp.	Fox Factory Holding Corp.	Buy	+21,483+67.4%	$2.24K	53,367
Q1 2020Mar 31, 2020	FND Floor & Decor Holdings, Inc.	Floor & Decor Holdings, Inc.	Buy	+17,739+66.8%	$1.42K	44,294
Q1 2020Mar 31, 2020	L44385109 Globant	Globant	Buy	+15,428+60.3%	$3.60K	41,022
Q1 2020Mar 31, 2020	ALTR Altair Engineering Inc.	Altair Engineering Inc.	Buy	+15,382+67.3%	$1.01K	38,228
Q1 2020Mar 31, 2020	ALRM Alarm.com Holdings, Inc.	Alarm.com Holdings, Inc.	Buy	+13,849+67.3%	$1.34K	34,418
Q1 2020Mar 31, 2020	EXPO Exponent, Inc.	Exponent, Inc.	Buy	+13,076+67.0%	$2.34K	32,603
Q1 2020Mar 31, 2020	TREX Trex Company, Inc.	Trex Company, Inc.	Buy	+12,648+67.1%	$2.52K	31,505
Q1 2020Mar 31, 2020	WING Wingstop Inc.	Wingstop Inc.	Buy	+12,615+115.0%	$1.88K	23,588
Q1 2020Mar 31, 2020	BLKB Blackbaud, Inc.	Blackbaud, Inc.	Buy	+12,607+66.9%	$1.75K	31,463
Q1 2020Mar 31, 2020	AMN AMN Healthcare Services Inc	AMN Healthcare Services Inc	Buy	+10,459+66.8%	$1.51K	26,116
Q1 2020Mar 31, 2020	ENV Envestnet, Inc	Envestnet, Inc	Buy	+10,239+84.8%	$1.20K	22,315
Q1 2020Mar 31, 2020	TXRH Texas Roadhouse, Inc.	Texas Roadhouse, Inc.	Buy	+9,680+67.5%	$992.00	24,011

Page 74 of 105 • 3150 total trades

«‹

72 73 74 75 76

›»