Polen Capital Management – Largest Position Reductions (2025 Q3)
This report summarizes the most meaningful reductions and sell-offs made by Polen Capital Management in 2025 Q3. The analysis highlights which positions were trimmed or exited, providing insight into how the investor adjusted risk exposure and portfolio strategy.
| Symbol | Shares | Reported Price(USD) | Action | Change % | Portfolio Weight | Position Value | Filing Period |
|---|---|---|---|---|---|---|---|
| ORCL | 9,288,638 | $281.24 | Reduced | -22.49% | 8.48% | $2.61B | 2025 Q3 |
| MSFT | 5,020,158 | $517.95 | Reduced | -7.48% | 8.44% | $2.6B | 2025 Q3 |
| AMZN | 11,246,528 | $219.57 | Reduced | -19.22% | 8.02% | $2.47B | 2025 Q3 |
| SHOP | 11,060,906 | $148.61 | Reduced | -24.71% | 5.34% | $1.64B | 2025 Q3 |
| MA | 2,741,243 | $568.81 | Reduced | -8.38% | 5.06% | $1.56B | 2025 Q3 |
| V | 4,340,224 | $341.38 | Reduced | -22.65% | 4.81% | $1.48B | 2025 Q3 |
| LLY | 1,622,967 | $763 | Reduced | -6.61% | 4.02% | $1.24B | 2025 Q3 |
| GOOG | 4,640,242 | $243.55 | Reduced | -29.29% | 3.67% | $1.13B | 2025 Q3 |
| ZTS | 7,516,911 | $146.32 | Reduced | -10.74% | 3.57% | $1.1B | 2025 Q3 |
| NOW | 1,124,076 | $920.28 | Reduced | -4.49% | 3.36% | $1.03B | 2025 Q3 |
| ABT | 7,420,604 | $133.94 | Reduced | -30.45% | 3.23% | $993.92M | 2025 Q3 |
| MSCI | 1,583,939 | $567.41 | Reduced | -9.04% | 2.92% | $898.74M | 2025 Q3 |
| AON | 2,490,167 | $356.58 | Reduced | -9.30% | 2.88% | $887.94M | 2025 Q3 |
| SBUX | 8,881,141 | $84.6 | Reduced | -8.14% | 2.44% | $751.34M | 2025 Q3 |
| IDXX | 1,127,147 | $638.89 | Reduced | -5.71% | 2.34% | $720.12M | 2025 Q3 |
| ADBE | 1,857,198 | $352.75 | Reduced | -44.67% | 2.13% | $655.13M | 2025 Q3 |
| ACN | 2,461,759 | $246.6 | Reduced | -16.47% | 1.97% | $607.07M | 2025 Q3 |
| NFLX | 4,788,800 | $119.89 | Reduced | -41.26% | 1.86% | $574.13M | 2025 Q3 |
| PAYC | 2,636,423 | $208.14 | Reduced | -8.98% | 1.78% | $548.75M | 2025 Q3 |
| CSGP | 6,380,909 | $84.37 | Reduced | -7.84% | 1.75% | $538.36M | 2025 Q3 |
| ABNB | 3,974,571 | $121.42 | Reduced | -45.96% | 1.57% | $482.59M | 2025 Q3 |
| WDAY | 1,862,271 | $240.73 | Reduced | -47.86% | 1.46% | $448.3M | 2025 Q3 |
| MELI | 49,515 | $2336.95 | Reduced | -20.38% | 0.38% | $115.71M | 2025 Q3 |
| GOOGL | 473,431 | $243.1 | Reduced | -23.64% | 0.37% | $115.09M | 2025 Q3 |
| SAP | 344,952 | $267.21 | Reduced | -29.09% | 0.30% | $92.17M | 2025 Q3 |
| ICLR | 443,461 | $175 | Reduced | -17.94% | 0.25% | $77.61M | 2025 Q3 |
| WTW | 219,784 | $345.45 | Reduced | -30.02% | 0.25% | $75.92M | 2025 Q3 |
| TMO | 114,513 | $485.02 | Reduced | -94.77% | 0.18% | $55.54M | 2025 Q3 |
| NU | 1,541,162 | $16.01 | Reduced | -38.03% | 0.08% | $24.67M | 2025 Q3 |
| HDB | 593,360 | $34.16 | Reduced | -48.01% | 0.07% | $20.27M | 2025 Q3 |
| ASML | 19,797 | $968.08 | Reduced | -55.54% | 0.06% | $19.17M | 2025 Q3 |
| TME | 561,433 | $23.34 | Reduced | -43.40% | 0.04% | $13.1M | 2025 Q3 |
| SE | 70,233 | $178.73 | Reduced | -16.32% | 0.04% | $12.55M | 2025 Q3 |
| MDT | 124,956 | $95.24 | Reduced | -46.80% | 0.04% | $11.9M | 2025 Q3 |
| ONON | 258,374 | $42.35 | Reduced | -47.25% | 0.04% | $10.94M | 2025 Q3 |
| AGX | 37,533 | $270.06 | Reduced | -16.26% | 0.03% | $10.14M | 2025 Q3 |
| PDD | 63,283 | $132.17 | Reduced | -1.60% | 0.03% | $8.36M | 2025 Q3 |
| MMYT | 87,289 | $93.6 | Reduced | -16.84% | 0.03% | $8.17M | 2025 Q3 |
| GLOB | 135,108 | $57.38 | Reduced | -50.51% | 0.03% | $7.75M | 2025 Q3 |
| SPOT | 11,075 | $697.97 | Reduced | -62.39% | 0.03% | $7.73M | 2025 Q3 |
| WGS | 68,169 | $107.75 | Reduced | -15.82% | 0.02% | $7.35M | 2025 Q3 |
| POWL | 23,357 | $304.79 | Reduced | -7.21% | 0.02% | $7.12M | 2025 Q3 |
| IBN | 224,267 | $30.23 | Reduced | -55.19% | 0.02% | $6.78M | 2025 Q3 |
| BWXT | 36,748 | $184.36 | Reduced | -10.45% | 0.02% | $6.77M | 2025 Q3 |
| VSEC | 34,420 | $166.24 | Reduced | -13.04% | 0.02% | $5.72M | 2025 Q3 |
| VUG | 11,625 | $479.66 | Reduced | -9.93% | 0.02% | $5.58M | 2025 Q3 |
| JOBY | 318,267 | $16.14 | Reduced | -10.46% | 0.02% | $5.14M | 2025 Q3 |
| IESC | 12,144 | $397.64 | Reduced | -12.13% | 0.02% | $4.83M | 2025 Q3 |
| KARO | 82,608 | $57.13 | Reduced | -2.55% | 0.02% | $4.72M | 2025 Q3 |
| CVNA | 10,456 | $377.2 | Reduced | -10.59% | 0.01% | $3.94M | 2025 Q3 |