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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
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