POLEN CAPITAL MANAGEMENT LLC

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, POLEN CAPITAL MANAGEMENT LLC maintained a portfolio of 291 distinct positions. The most significant new addition to the portfolio was INTUITIVE SURGICAL I, which now represents 2.04% of the total fund value. They heavily accumulated shares in SERVICENOW INC, increasing their position by 405.4%. The fund also reduced its exposure to ALPHABET INC by 93.5%.
PCA Score Concentration Risk
Risk ENB
Total Positions
291
Quarter
2025 Q4
Top Holding
AMZN (8.5%)
Top 10 Concentration
58.3%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 291
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
AMZN
AMAZON COM INC
Consumer Cyclical 8.53% 8.02% #1 2
Prev: #3
5.4 -2,592,807 -23.1%
P
S
8,653,721 $1,997,451,824 2010 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MSFT
MICROSOFT CORP
Technology 8.07% 8.44% #2
Prev: #2
4.7 -1,110,173 -22.1%
P
S
3,909,985 $1,890,947,237 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ORCL
ORACLE CORP
Technology 5.98% 8.48% #3 2
Prev: #1
3.4 -2,103,142 -22.6%
P
S
7,185,496 $1,400,525,092 2010 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
LLY
ELI LILLY & CO
Healthcare 5.72% 4.02% #4 4
Prev: #8
2.8 -376,877 -23.2%
P
S
1,246,090 $1,339,147,991 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOG
ALPHABET INC
Communication Services 5.38% 3.67% #5 5
Prev: #10
3.2 -622,121 -13.4%
P
S
4,018,121 $1,260,886,646 2010 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AVGO
BROADCOM INC
Technology 5.22% 4.80% #6 1
Prev: #7
2.1 -954,217 -21.3%
P
S
3,531,637 $1,222,299,638 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MA
MASTERCARD INCO...
Financial Services 5.20% 5.06% #7 2
Prev: #5
2.1 -609,516 -22.2%
P
S
2,131,727 $1,216,959,930 2010 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
V
VISA INC
Financial Services 5.05% 4.81% #8 2
Prev: #6
2.0 -964,882 -22.2%
P
S
3,375,342 $1,183,766,189 2010 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
SHOP
SHOPIFY INC
Technology 4.95% 5.34% #9 5
Prev: #4
2.0 -3,859,034 -34.9%
P
S
7,201,872 $1,159,285,211 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
NVDA
NVIDIA CORPORAT...
Technology 4.24% 3.81% #10 1
Prev: #9
2.2 -968,922 -15.4%
P
S
5,328,112 $993,692,985 2018 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
NOW
SERVICENOW INC
Technology 3.72% 3.36% #11 1
Prev: #12
4.5 4,556,712 405.4%
P
S
5,680,788 $870,239,781 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MSCI
MSCI INC
Financial Services 3.26% 2.92% #12 2
Prev: #14
1.8 -252,854 -16.0%
P
S
1,331,085 $763,683,617 2019 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ZTS
ZOETIS INC
Healthcare 2.99% 3.57% #13 2
Prev: #11
1.2 -1,954,242 -26.0%
P
S
5,562,669 $699,894,961 2017 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AON
AON PLC
Financial Services 2.78% 2.88% #14 1
Prev: #15
1.1 -643,873 -25.9%
P
S
1,846,294 $651,520,305 2020 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
IDXX
IDEXX LABS INC
Healthcare 2.77% 2.34% #15 2
Prev: #17
1.6 -166,610 -14.8%
P
S
960,537 $649,831,919 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
SBUX
STARBUCKS CORP
Consumer Cyclical 2.44% 2.44% #16
Prev: #16
1.0 -2,095,833 -23.6%
P
S
6,785,308 $571,390,749 2010 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ACN
ACCENTURE PLC I...
Technology 2.16% 1.97% #17 2
Prev: #19
0.9 -579,052 -23.5%
P
S
1,882,707 $505,130,377 2012 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ABT
ABBOTT LABS
Healthcare 2.12% 3.23% #18 5
Prev: #13
0.8 -3,458,374 -46.6%
P
S
3,962,230 $496,427,772 2010 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ISRG
INTUITIVE SURGI...
Healthcare 2.04% #19
Prev: #—
4.3 842,618 no change
NEW
842,618 $477,224,970 2011 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ADBE
ADOBE INC
Technology 2.01% 2.13% #20 2
Prev: #18
0.8 -511,610 -27.5%
P
S
1,345,588 $470,942,284 2015 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ABNB
AIRBNB INC
Consumer Cyclical 1.76% 1.57% #21 4
Prev: #25
0.7 -943,841 -23.7%
P
S
3,030,730 $411,330,740 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SNPS
SYNOPSYS INC
Technology 1.69% 1.67% #22 2
Prev: #24
1.2 -199,919 -19.1%
P
S
844,881 $396,857,503 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BSX
BOSTON SCIENTIF...
Healthcare 1.64% 1.77% #23 1
Prev: #22
0.7 -1,578,734 -28.2%
P
S
4,019,552 $383,264,286 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
IWF
ISHARES TR
ETF 1.57% 0.35% #24 7
Prev: #31
3.6 548,235 240.6%
P
S
776,086 $367,321,352 2013 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
INTU
INTUIT
Technology 1.45% 1.47% #25 1
Prev: #26
0.6 -149,071 -22.5%
P
S
512,656 $339,593,775 2011 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CSGP
COSTAR GROUP IN...
Real Estate 1.40% 1.75% #26 3
Prev: #23
0.6 -1,489,973 -23.4%
P
S
4,890,936 $328,866,546 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
PAYC
PAYCOM SOFTWARE...
Technology 1.25% 1.78% #27 6
Prev: #21
0.5 -801,395 -30.4%
P
S
1,835,028 $292,430,057 2017 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
UBER
UBER TECHNOLOGI...
Technology 1.24% 1.45% #28
Prev: #28
0.5 -1,004,860 -22.0%
P
S
3,565,793 $291,360,965 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
MELI
MERCADOLIBRE IN...
Consumer Cyclical 0.41% 0.38% #29
Prev: #29
0.7 -1,595 -3.2%
P
S
47,920 $96,523,261 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ACWI
ISHARES TR
ETF 0.37% 0.09% #30 7
Prev: #37
3.1 419,684 220.4%
P
S
610,133 $86,327,787 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TSM
TAIWAN SEMICOND...
Technology 0.26% 0.16% #31 5
Prev: #36
2.1 23,534 13.3%
P
S
200,593 $60,958,295 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SAP
SAP SE
Technology 0.24% 0.30% #32
Prev: #32
0.1 -111,620 -32.4%
P
S
233,332 $56,678,735 2013 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
SPOT
SPOTIFY TECHNOL...
Communication Services 0.18% 0.03% #33 21
Prev: #54
3.1 60,583 547.0%
P
S
71,658 $41,612,380 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
NU
NU HLDGS LTD
Financial Services 0.08% 0.08% #34 4
Prev: #38
0.0 -383,326 -24.9%
P
S
1,157,836 $19,382,182 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ICLR
ICON PLC
Healthcare 0.08% 0.25% #35 2
Prev: #33
0.0 -338,255 -76.3%
P
S
105,206 $19,170,588 2017 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
NFLX
NETFLIX INC
ETF 0.07% 1.86% #36 16
Prev: #20
0.0 -305,083 -63.7%
P
S
173,797 $16,295,175 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
VUG
VANGUARD INDEX ...
Warrant 0.07% 0.02% #37 25
Prev: #62
3.0 21,499 184.9%
P
S
33,124 $16,159,762 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
HDB
HDFC BANK LTD
Financial Services 0.06% 0.07% #38 2
Prev: #40
0.0 -226,353 -38.1%
P
S
367,007 $13,410,415 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ASML
ASML HOLDING N ...
Technology 0.05% 0.06% #39 2
Prev: #41
0.0 -8,602 -43.5%
P
S
11,195 $11,977,312 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
MNDY
MONDAY COM LTD
Technology 0.05% 0.08% #40 1
Prev: #39
0.0 -46,479 -36.9%
P
S
79,332 $11,706,290 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOGL
ALPHABET INC
Communication Services 0.04% 0.37% #41 11
Prev: #30
0.0 -442,567 -93.5%
P
S
30,864 $9,660,396 2015 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
IVV
ISHARES TR
ETF 0.04% #42
Prev: #—
3.5 13,669 no change
NEW
13,669 $9,362,445 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ONON
ON HLDG AG
Consumer Cyclical 0.04% 0.04% #43 4
Prev: #47
0.0 -63,891 -24.7%
P
S
194,483 $9,039,553 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
WTW
WILLIS TOWERS W...
Financial Services 0.04% 0.25% #44 10
Prev: #34
0.0 -192,359 -87.5%
P
S
27,425 $9,011,880 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ACWX
ISHARES TR
ETF 0.04% 0.01% #45 23
Prev: #68
3.0 65,149 105.7%
P
S
126,761 $8,509,462 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MDT
MEDTRONIC PLC
Healthcare 0.03% 0.04% #46 1
Prev: #45
0.0 -40,456 -32.4%
P
S
84,500 $8,117,020 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AGX
ARGAN INC
Industrials 0.03% 0.03% #47 1
Prev: #48
0.0 -12,647 -33.7%
P
S
24,886 $7,797,282 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
WGS
GENEDX HOLDINGS...
Healthcare 0.03% 0.02% #48 7
Prev: #55
0.5 -8,308 -12.2%
P
S
59,861 $7,785,522 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
TME
TENCENT MUSIC E...
Communication Services 0.03% 0.04% #49 6
Prev: #43
0.0 -148,966 -26.5%
P
S
412,467 $7,230,547 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
DLO
DLOCAL LTD
Technology 0.03% 0.03% #50 1
Prev: #49
0.0 -232,570 -33.3%
P
S
466,809 $6,600,679 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-50 of 291 holdings

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