Skip to content
berrytrail

Search

Search managers or tickers

Polen Capital

Q4 2020 13F · by Dan Davidowitz, portfolio manager

As of
Dec 31, 2020
Filed
Feb 11, 2021
US stock
$43.0B · prev $37.4B
Positions
72 · prev 65
Options notional
$0
Documents
1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

  • US stock listed on a US exchange 100.0%
  • Foreign stock not listed in the US 0.0%
  • Notes debt, at principal 0.0%
  • Puts at notional value 0.0%
  • Calls at notional value 0.0%

Moves76 since the prior filing

The book

Focused · behaves like 21 equal-sized positions

  1. Very concentrated
  2. Concentrated
  3. Focused
  4. Diversified

Low turnover · 0.7% a year, more than 30 years per position

  1. Low
  2. Moderate
  3. High

Top 5 positions35% of US stock

  1. MSFT Microsoft Corp added−0.45 pp added−0.457.8%
  2. META Meta Platforms, Inc. Class A added−0.56 pp added−0.567.8%
  3. GOOG Alphabet Inc. Class C added+0.36 pp added+0.367.0%
  4. ADBE Adobe Inc. added−0.65 pp added−0.656.9%
  5. ABT Abbott Laboratories added−0.44 pp added−0.445.2%

Positions72 in this filing · 4 exited

MSFTMicrosoft Corp7.83%15,158,274$3.4Badded+3%−0.45 pp14 q
METAMeta Platforms, Inc. Class A7.82%12,320,489$3.4Badded+3%−0.56 pp23 q
GOOGAlphabet Inc. Class C6.99%1,717,539$3.0Badded+2%+0.36 pp27 q
ADBEAdobe Inc.6.86%5,900,921$3.0Badded+3%−0.65 pp24 q
ABTAbbott Laboratories5.21%20,492,206$2.2Badded+6%−0.44 pp6 q
VVISA Inc.4.88%9,608,745$2.1Badded+3%−0.11 pp31 q
MAMastercard Incorporated4.79%5,780,117$2.1Badded+3%−0.27 pp31 q
ACNAccenture PLC4.72%7,784,316$2.0Badded+2%+0.13 pp31 q
ADSKAutodesk Inc4.54%6,402,047$2.0Badded+1%+0.64 pp4 q
ZTSZoetis Inc.4.36%11,342,900$1.9Badded+3%−0.52 pp13 q
PYPLPayPal Holdings, Inc.4.33%7,957,698$1.9Badded+1%+0.20 pp8 q
NOWServicenow, Inc.4.16%3,254,730$1.8Badded+2%+0.02 pp5 q
CRMSalesforce, Inc.3.64%7,042,522$1.6Badded+4%−0.90 pp5 q
SBUXStarbucks Corp3.43%13,802,906$1.5Badded+5%+0.41 pp31 q
ALGNAlign Technology Inc3.23%2,599,314$1.4Badded0%+0.96 pp20 q
DGDollar General Corp.2.83%5,796,091$1.2Badded+3%−0.34 pp18 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)2.83%3,473,709$1.2Badded+2%−0.02 pp2 q
NKENike, Inc.2.40%7,298,700$1.0Badded+2%0.00 pp31 q
ITGartner, Inc.2.35%6,319,907$1.0Badded+1%+0.26 pp31 q
REGNRegeneron Pharmaceuticals Inc2.25%2,002,804$968Madded+3%−0.65 pp31 q
ILMNIllumina Inc2.00%2,328,278$861Madded×4.1+1.53 pp2 q
ISRGIntuitive Surgical Inc.1.92%1,009,582$826Madded+3%+0.05 pp2 q
MSCIMSCI, Inc.1.89%1,821,485$813Madded+1%+0.17 pp6 q
GOOGLAlphabet Inc. Class A1.88%462,002$810Madded+2%+0.11 pp21 q
BABAAlibaba Group Holding Limited0.66%1,215,380$283Madded+26%−0.10 pp21 q
ICLRIcon Plc0.28%623,697$122Madded+15%0.00 pp15 q
unresolvedNew Oriental Ed & Tech Grp I0.23%526,979$98Madded+14%+0.05 pp4 q
MDTMedtronic plc0.22%815,961$96Madded+15%+0.02 pp13 q
SAPSap SE0.20%655,840$86Madded+22%−0.02 pp14 q
AONAon plc Class A0.19%377,305$80Madded+15%+0.01 pp2 q
ADPAutomatic Data Processing0.16%389,776$69Mtrimmed−6%+0.01 pp30 q
ELThe Estee Lauder Companies Inc. Class A0.10%162,612$43Mtrimmed−4%0.00 pp2 q
unresolvedUnilever Spn.Adr 1:10.10%677,517$41Madded+21%+0.01 pp15 q
CHKPCheck Point Software Technologies Ltd0.10%338,437$45Madded+15%+0.01 pp22 q
IWFiShares Russell 1000 Growth ETF0.04%63,295$15Madded×2.6+0.03 pp29 q
ALRMAlarm.com Holdings, Inc.0.03%114,284$12Madded+23%+0.02 pp13 q
APPFAppFolio, Inc. Class A0.03%63,271$11Madded+24%+0.01 pp6 q
BLBlackLine, Inc.0.03%83,910$11Madded+29%+0.01 pp3 q
ETSYEtsy, Inc.0.03%74,205$13Madded+7%+0.01 pp4 q
GLOBGlobant S.a.0.03%60,525$13Madded+25%+0.01 pp11 q
DAVAEndava plc0.02%86,376$7Mnew+0.02 ppnew
EEFTEuronet Worldwide Inc0.02%51,179$7Madded+21%+0.01 pp12 q
EXPOExponent Inc0.02%106,191$10Madded+25%0.00 pp5 q
FNDFloor & Decor Holdings, Inc.0.02%95,497$9Madded+29%+0.01 pp9 q
FOXFFox Factory Holding Corp.0.02%98,363$10Madded+24%0.00 pp14 q
GSHDGoosehead Insurance, Inc. Class A0.02%77,433$10Madded+24%+0.01 pp2 q
HLIHoulihan Lokey, Inc.0.02%104,335$7Madded+32%+0.01 pp3 q
MEDPMedpace Holdings, Inc.0.02%67,656$9Madded×2.0+0.01 pp3 q
QLYSQualys, Inc.0.02%53,607$7Madded+29%+0.01 pp3 q
RVLVRevolve Group, Inc.0.02%270,747$8Madded+29%+0.01 pp4 q
TREXTrex Company, Inc.0.02%104,405$9Madded+23%0.00 pp13 q
WDFCWd-40 Co0.02%35,635$9Madded+24%+0.01 pp3 q
WINGWingstop Inc0.02%76,580$10Madded+50%0.00 pp5 q
YETIYETI Holdings, Inc.0.02%105,483$7Madded+29%+0.01 pp4 q
HELEHelen Of Troy Ltd0.02%32,989$7Madded+23%+0.01 pp4 q
AMNAMN Healthcare Services0.01%78,615$5Madded+29%0.00 pp13 q
ALTRAltair Engineering Inc. Class A0.01%82,459$5Madded+29%0.00 pp8 q
AZPNAspen Technology Inc0.01%16,819$2Mnew+0.01 ppnew
DTDynatrace, Inc.0.01%69,407$3Mnew+0.01 ppnew
ENVEnvestnet, Inc.0.01%67,983$6Madded+22%0.00 pp5 q
GNRCGenerac Holdings Inc0.01%11,756$3Mnew+0.01 ppnew
ACWXiShares MSCI ACWI ex US ETF0.01%67,261$4Mnew+0.01 ppnew
TREELendingTree, Inc.0.01%16,965$5Madded+21%0.00 pp13 q
MBUUMalibu Boats, Inc. Class A0.01%72,325$5Madded+31%0.00 pp2 q
PCTYPaylocity Holding Corporation0.01%28,529$6Madded+29%0.00 pp4 q
SLPSimulations Plus, Inc.0.01%89,429$6Mnew+0.01 ppnew
CDWCDW Corporation0.00%14,518$2Mnew0.00 ppnew
CPRTCopart Inc0.00%16,458$2Mnew0.00 ppnew
HEIHEICO Corporation0.00%13,117$2Mnew0.00 ppnew
ACWIiShares MSCI ACWI ETF0.00%11,658$1Mnew0.00 ppnew
ORCLOracle Corp0.00%11,968$774,000trimmed−98%−0.10 pp31 q
TMETencent Music Entertainment Group0.00%17,834$343,000new0.00 ppnew
RELXRelx PLC—−750,119—exited−0.04 pp—
BLKBBlackbaud, Inc.—−52,431—exited−0.01 pp—
MASIMasimo Corporation—−18,414—exited−0.01 pp—
POOLPool Corporation—−14,250—exited−0.01 pp—

Source

Form
13F-HR
Reading
0 defects · 2 unresolved
Accession
0001172661-21-000318
Options
none in this filing
Notes
none in this filing
SEC cross-check
SEC data set not published yet