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PG

Polen Growth

Polen Capital·quality·US mutual funds
POLRX

~~14% since 1989

Portfolio value

$3.5B

Positions

27

Top 5 concentration

35%

New buys this quarter

2

Recent moves vs Oct 2025

$ISRGNew buy2.2%
$VUGNew buy1%
$NOWAdded3.2%
$CSGPAdded3.1%
$INTUAdded2.7%
$AMZNTrimmed9.6%
$MSFTTrimmed7.7%
$LLYTrimmed6.1%
$GOOGTrimmed6%
$AVGOTrimmed5.6%
$ORCLTrimmed5.4%
$MATrimmed5.2%
$VTrimmed4.9%
$NVDATrimmed4.5%
$SHOP.TOTrimmed4.3%
$MSCITrimmed3.6%
$ZTSTrimmed3.4%
$IDXXTrimmed3.1%
$SBUXTrimmed2.9%
$AONTrimmed2.7%
$ACNTrimmed2.6%
$SNPSTrimmed2.3%
$ABNBTrimmed2%
$ADBETrimmed1.9%
$BSXTrimmed1.8%
$UBERTrimmed1.4%
$PAYCTrimmed1.1%
$ABTSold out
$WDAYSold out

Holdings

StockMove% of portfolioValue
$AMZN

Amazon.com Inc

Trimmed
9.6%
$339M
$MSFT

Microsoft Corp

Trimmed
7.7%
$273M
$LLY

Eli Lilly & Co

Trimmed
6.1%
$216M
$GOOG

Alphabet Inc

Trimmed
6%
$215M
$AVGO

Broadcom Inc

Trimmed
5.6%
$197M
$ORCL

Oracle Corp

Trimmed
5.4%
$191M
$MA

Mastercard Inc

Trimmed
5.2%
$184M
$V

Visa Inc

Trimmed
4.9%
$173M
$NVDA

NVIDIA Corp

Trimmed
4.5%
$158M
$SHOP.TO

Shopify Inc

Trimmed
4.3%
$151M
$MSCI

MSCI Inc

Trimmed
3.6%
$127M
$ZTS

Zoetis Inc

Trimmed
3.4%
$122M
$NOW

ServiceNow Inc

Added
3.2%
$113M
$CSGP

CoStar Group Inc

Added
3.1%
$111M
$IDXX

IDEXX Laboratories Inc

Trimmed
3.1%
$111M
$SBUX

Starbucks Corp

Trimmed
2.9%
$101M
$AON

Aon PLC

Trimmed
2.7%
$96M
$INTU

Intuit Inc

Added
2.7%
$96M
$ACN

Accenture PLC

Trimmed
2.6%
$90M
$SNPS

Synopsys Inc

Trimmed
2.3%
$80M
$ISRG

Intuitive Surgical Inc

New buy
2.2%
$78M
$ABNB

Airbnb Inc

Trimmed
2%
$70M
$ADBE

Adobe Inc

Trimmed
1.9%
$67M
$BSX

Boston Scientific Corp

Trimmed
1.8%
$65M
$UBER

Uber Technologies Inc

Trimmed
1.4%
$50M
$PAYC

Paycom Software Inc

Trimmed
1.1%
$40M
$VUG

VANGUARD GROWTH ETF

New buy
1%
$34M

Notable sell-outs this quarter: $ABT, $WDAY

Source: SEC N-PORT via FMP · Jan 2026 report · monthly portfolio, public with a delay. Long equity positions only. Not financial advice.