Polen Capital Management LLC Q3 2022 vs Q4 2022: A Look at the Changes in Holdings

Investors always keep an eye on fund managers’ decisions. Therefore, when a fund like Polen Capital Management LLC makes changes to its portfolio, markets take notice. In its recent regulatory filings, Polen Capital disclosed its Q3 2022 and Q4 2022 13F holdings comparison. The firm holds positions in a diversified basket of stocks across different sectors, and it is interesting to see how they have rebalanced their portfolio. In this blog post, we will discuss the changes that Polen Capital Management LLC made in its portfolio from Q3 2022 to Q4 2022. We will analyze the top holdings and the significant moves that the fund made during the period.

Analysis of the Polen Capital Management LLC Q3 2022 vs Q4 2022 13F Holdings Comparison

First, let's take a look at the top holdings in the Polen Capital Management LLC portfolio, according to the Q4 2022 13F filings:

1. Amazon.com Inc (AMZN): 35148401 Shares
2. Alphabet Inc (GOOG): 26360711 Shares
3. Microsoft Corp (MSFT): 9494199 Shares
4. Adobe Systems Incorporated (ADBE): 6270216 Shares
5. Netflix Inc (NFLX): 6930451 Shares From the list of top holdings, we can see that Polen Capital Management LLC has a high exposure to the technology sector. This sector has continued to outperform the broader market, driven by strong demand for technology products and services during the pandemic. Now, let's take a look at some of the notable moves by Polen Capital Management LLC during the period:

   Increase in Illumina Inc (ILMN)

   Polen Capital Management LLC increased its position in Illumina Inc (ILMN) by 18.3% during the period. The firm now holds 5048402 shares in the company, with a value of $1020786. Illumina Inc provides genetic sequencing and analysis solutions to life sciences companies, academic institutions, and government agencies. The company has been a beneficiary of strong demand for DNA sequencing equipment and services, and Polen Capital seems to be betting on its future prospects.

   Reduction in Amazon.com Inc (AMZN)

   Polen Capital Management LLC reduced its position in Amazon.com Inc (AMZN) by 29.8% during the period. The firm now holds 35148401 shares in the company, with a value of $2952465. Amazon.com Inc is the largest e-commerce company in the world and has been a consistent performer over the years. However, the company’s growth has slowed down recently due to increased competition in the sector, and Polen Capital seems to have taken a cautious stance by reducing its exposure.

   Entrance into HDFC Bank Ltd (HDB)

   Polen Capital Management LLC entered into a position of 314866 shares in HDFC Bank Ltd (HDB) during the period. HDFC Bank Ltd is one of the leading private sector banks in India, and Polen Capital seems to be bullish on the country’s growth prospects. India has been a preferred destination for foreign investors due to its demographic dividend and reforms initiated by the government. The banking sector in India is expected to benefit from the country’s economic growth, and Polen Capital seems to have made a contrarian bet by entering into the position.

   Reduction in PayPal Holdings Inc (PYPL)

   Polen Capital Management LLC reduced its position in PayPal Holdings Inc (PYPL) by 20.5% during the period. The firm now holds 12244474 shares in the company, with a value of $872051. PayPal Holdings Inc is a payment solutions provider, and Polen Capital seems to have taken a cautious approach due to increased competition in the sector. The payment industry has been disrupted by new players, and traditional players like PayPal are facing challenges in maintaining market share.

   Conclusion

   In conclusion, Polen Capital Management LLC has made some interesting moves in its portfolio during the Q3 2022 to Q4 2022 period. The firm has reduced its exposure to some of the traditional tech giants like Amazon.com Inc and Microsoft Corp while increasing its exposure to up-and-coming players like Illumina Inc. Polen Capital has also made a contrarian bet on India by entering into a position in HDFC Bank Ltd. It is worth noting that these regulatory filings are a snapshot of a fund's portfolio as of the end of each quarter. It is possible that the fund has made further changes to its portfolio since the latest declaration. Further developments in the companies mentioned in this post, as well as broader market trends, could also impact the fund's holdings and performance. Investors should do their due diligence and seek professional advice before making any investment decisions.