# Polar Capital LLP

> Institutional holdings reported to the SEC as of Q3 2020 on Form 13F. CIK 1439303. Source: https://holderbook.com/funds/1439303-polar-capital-llp/

- Reported value: $13.5B
- Positions: 294
- Weight of the ten largest: 31.8%
- Filed: 2020-11-16

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $744.0M | 3,517,102 | 5.5% | 8 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $697.7M | 5,978,225 | 5.2% | 8 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $568.4M | 2,157,948 | 4.2% | 8 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $442.8M | 1,505,469 | 3.3% | 8 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $406.0M | 128,949 | 3.0% | 8 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $308.8M | 210,157 | 2.3% | 8 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $302.0M | 3,683,927 | 2.2% | 8 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $293.7M | 598,883 | 2.2% | 8 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $272.1M | 502,841 | 2.0% | 8 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $249.2M | 1,264,577 | 1.8% | 8 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $235.2M | 160,486 | 1.7% | 8 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $233.6M | 467,095 | 1.7% | 6 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $189.9M | 755,559 | 1.4% | 8 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $179.7M | 1,207,177 | 1.3% | 3 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $176.2M | 1,497,151 | 1.3% | 6 |
| XILINX INC | [XLNX](https://holderbook.com/stocks/XLNX/) | $158.1M | 1,516,281 | 1.2% | 8 |
| ARCH CAP GROUP LTD | [ACGL](https://holderbook.com/stocks/ACGL/) | $154.7M | 5,287,735 | 1.1% | 8 |
| MARSH & MCLENNAN COS INC | [MRSH](https://holderbook.com/stocks/MRSH/) | $153.4M | 1,337,295 | 1.1% | 8 |
| ZENDESK INC | [ZEN](https://holderbook.com/stocks/ZEN/) | $149.4M | 1,451,142 | 1.1% | 8 |
| PELOTON INTERACTIVE INC | [PTON](https://holderbook.com/stocks/PTON/) | $146.7M | 1,478,085 | 1.1% | 3 |
| EVERBRIDGE INC | [EVBG](https://holderbook.com/stocks/EVBG/) | $134.8M | 1,072,121 | 1.0% | 8 |
| GRUBHUB INC | [GRUBXXXX](https://holderbook.com/stocks/GRUBXXXX/) | $130.8M | 1,808,755 | 1.0% | 2 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $124.3M | 621,807 | 0.9% | 8 |
| ACTIVISION BLIZZARD INC | [ATVI](https://holderbook.com/stocks/ATVI/) | $124.1M | 1,532,725 | 0.9% | 5 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $121.5M | 1,169,376 | 0.9% | 8 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $121.2M | 249,798 | 0.9% | 8 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $117.0M | 1,007,830 | 0.9% | 8 |
| HORIZON THERAPEUTICS PUB L | [HZNP](https://holderbook.com/stocks/HZNP/) | $116.6M | 1,501,008 | 0.9% | 6 |
| MARKEL GROUP INC | [MKL](https://holderbook.com/stocks/MKL/) | $107.5M | 110,357 | 0.8% | 8 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $105.6M | 312,148 | 0.8% | 8 |
| TERADYNE INC | [TER](https://holderbook.com/stocks/TER/) | $96.4M | 1,213,740 | 0.7% | 2 |
| HUBSPOT INC | [HUBS](https://holderbook.com/stocks/HUBS/) | $95.6M | 326,997 | 0.7% | 8 |
| SOLAREDGE TECHNOLOGIES INC | [SEDG](https://holderbook.com/stocks/SEDG/) | $91.5M | 383,784 | 0.7% | 4 |
| PINTEREST INC | [PINS](https://holderbook.com/stocks/PINS/) | $90.6M | 2,182,705 | 0.7% | 6 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $90.0M | 655,267 | 0.7% | 3 |
| TWILIO INC | [TWLO](https://holderbook.com/stocks/TWLO/) | $88.8M | 359,396 | 0.7% | 8 |
| SPOTIFY TECHNOLOGY S A | [SPOT](https://holderbook.com/stocks/SPOT/) | $87.4M | 360,191 | 0.6% | 8 |
| MATCH GROUP INC NEW | [MTCH](https://holderbook.com/stocks/MTCH/) | $86.8M | 784,643 | 0.6% | 1 |
| EXELIXIS INC | [EXEL](https://holderbook.com/stocks/EXEL/) | $86.8M | 3,548,070 | 0.6% | 4 |
| CHEGG INC | [CHGG](https://holderbook.com/stocks/CHGG/) | $85.0M | 1,189,909 | 0.6% | 1 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $84.2M | 789,306 | 0.6% | 4 |
| TRIPADVISOR INC | [TRIP](https://holderbook.com/stocks/TRIP/) | $83.3M | 4,249,944 | 0.6% | 2 |
| AVANTOR INC | [AVTR](https://holderbook.com/stocks/AVTR/) | $81.9M | 3,642,224 | 0.6% | 2 |
| ANSYS INC | [ANSS](https://holderbook.com/stocks/ANSS/) | $81.7M | 249,734 | 0.6% | 8 |
| ESSENT GROUP LTD | [ESNT](https://holderbook.com/stocks/ESNT/) | $81.4M | 2,200,000 | 0.6% | 8 |
| ZOOM COMMUNICATIONS INC | [ZM](https://holderbook.com/stocks/ZM/) | $79.4M | 168,878 | 0.6% | 2 |
| RENAISSANCERE HLDGS LTD | [RNR](https://holderbook.com/stocks/RNR/) | $79.2M | 466,656 | 0.6% | 8 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $77.8M | 365,515 | 0.6% | 8 |
| HUMANA INC | [HUM](https://holderbook.com/stocks/HUM/) | $76.8M | 185,488 | 0.6% | 5 |
| BIO RAD LABS INC | [BIO](https://holderbook.com/stocks/BIO/) | $76.4M | 148,273 | 0.6% | 8 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $75.8M | 1,256,451 | 0.6% | 4 |
| TRAVELERS COMPANIES INC | [TRV](https://holderbook.com/stocks/TRV/) | $74.7M | 690,437 | 0.6% | 8 |
| AXON ENTERPRISE INC | [AXON](https://holderbook.com/stocks/AXON/) | $73.8M | 813,937 | 0.5% | 8 |
| ALLEGHANY CORP DEL | [Y](https://holderbook.com/stocks/Y/) | $72.9M | 140,000 | 0.5% | 8 |
| AON PLC | [AON](https://holderbook.com/stocks/AON/) | $72.1M | 349,500 | 0.5% | 2 |
| TAKE-TWO INTERACTIVE SOFTWAR | [TTWO](https://holderbook.com/stocks/TTWO/) | $71.1M | 430,376 | 0.5% | 2 |
| CLOUDFLARE INC | [NET](https://holderbook.com/stocks/NET/) | $70.6M | 1,718,553 | 0.5% | 5 |
| BERKLEY W R CORP | [WRB](https://holderbook.com/stocks/WRB/) | $70.3M | 1,150,000 | 0.5% | 8 |
| CENTENE CORP DEL | [CNC](https://holderbook.com/stocks/CNC/) | $67.7M | 1,160,304 | 0.5% | 3 |
| SPLUNK INC | [SPLK](https://holderbook.com/stocks/SPLK/) | $63.9M | 339,725 | 0.5% | 8 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $63.4M | 147,868 | 0.5% | 3 |
| ALIGN TECHNOLOGY INC | [ALGN](https://holderbook.com/stocks/ALGN/) | $62.0M | 189,305 | 0.5% | 2 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $61.2M | 225,037 | 0.5% | 8 |
| POWER INTEGRATIONS INC | [POWI](https://holderbook.com/stocks/POWI/) | $61.1M | 1,102,965 | 0.5% | 4 |
| SNAP INC | [SNAP](https://holderbook.com/stocks/SNAP/) | $60.9M | 2,331,829 | 0.5% | 2 |
| BIOHAVEN PHARMACTL HLDG CO L | [BHVNXXXX](https://holderbook.com/stocks/BHVNXXXX/) | $60.7M | 932,944 | 0.5% | 8 |
| PING IDENTITY HLDG CORP | [PING](https://holderbook.com/stocks/PING/) | $59.2M | 1,895,624 | 0.4% | 4 |
| ZIMMER BIOMET HOLDINGS INC | [ZBH](https://holderbook.com/stocks/ZBH/) | $58.6M | 430,142 | 0.4% | 1 |
| MEDALLIA INC | [MDLA](https://holderbook.com/stocks/MDLA/) | $58.2M | 2,122,728 | 0.4% | 4 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $56.6M | 597,345 | 0.4% | 8 |
| MYOKARDIA INC | [MYOK](https://holderbook.com/stocks/MYOK/) | $56.4M | 413,880 | 0.4% | 2 |
| IMMUNOVANT INC | [IMVT](https://holderbook.com/stocks/IMVT/) | $55.2M | 1,569,212 | 0.4% | 4 |
| PACIFIC BIOSCIENCES CALIF IN | [PACB](https://holderbook.com/stocks/PACB/) | $54.0M | 5,473,054 | 0.4% | 4 |
| AVALARA INC | [AVLR](https://holderbook.com/stocks/AVLR/) | $53.5M | 420,038 | 0.4% | 1 |
| REGENERON PHARMACEUTICALS | [REGN](https://holderbook.com/stocks/REGN/) | $53.2M | 95,000 | 0.4% | 8 |
| INCYTE CORP | [INCY](https://holderbook.com/stocks/INCY/) | $52.6M | 585,929 | 0.4% | 8 |
| AXONICS INC | [AXNX](https://holderbook.com/stocks/AXNX/) | $52.2M | 1,022,155 | 0.4% | 3 |
| LATTICE SEMICONDUCTOR CORP | [LSCC](https://holderbook.com/stocks/LSCC/) | $51.3M | 1,772,390 | 0.4% | 3 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $50.0M | 48,844 | 0.4% | 1 |
| SYNEOS HEALTH INC | [SYNH](https://holderbook.com/stocks/SYNH/) | $49.8M | 935,929 | 0.4% | 2 |
| KEYSIGHT TECHNOLOGIES INC | [KEYS](https://holderbook.com/stocks/KEYS/) | $48.2M | 487,872 | 0.4% | 8 |
| QUOTIENT LTD | [QTNT](https://holderbook.com/stocks/QTNT/) | $47.6M | 9,251,653 | 0.4% | 8 |
| 2U INC | [TWOU](https://holderbook.com/stocks/TWOU/) | $45.9M | 1,355,606 | 0.3% | 1 |
| AKAMAI TECHNOLOGIES INC | [AKAM](https://holderbook.com/stocks/AKAM/) | $45.8M | 414,707 | 0.3% | 4 |
| CHEMOCENTRYX INC | [CCXI](https://holderbook.com/stocks/CCXI/) | $44.3M | 808,739 | 0.3% | 1 |
| REINSURANCE GROUP AMER INC | [RGA](https://holderbook.com/stocks/RGA/) | $43.8M | 460,000 | 0.3% | 8 |
| EVEREST GROUP LTD | [EG](https://holderbook.com/stocks/EG/) | $43.0M | 217,840 | 0.3% | 8 |
| TELEFLEX INCORPORATED | [TFX](https://holderbook.com/stocks/TFX/) | $41.0M | 120,563 | 0.3% | 2 |
| ALEXION PHARMACEUTICALS INC | [ALXN](https://holderbook.com/stocks/ALXN/) | $40.1M | 350,000 | 0.3% | 8 |
| MOLINA HEALTHCARE INC | [MOH](https://holderbook.com/stocks/MOH/) | $39.5M | 215,800 | 0.3% | 1 |
| ADDUS HOMECARE CORP | [ADUS](https://holderbook.com/stocks/ADUS/) | $39.4M | 416,943 | 0.3% | 6 |
| STERIS PLC | [STE](https://holderbook.com/stocks/STE/) | $38.5M | 218,415 | 0.3% | 1 |
| NANOSTRING TECHNOLOGIES INC | [NSTGQ](https://holderbook.com/stocks/NSTGQ/) | $38.0M | 850,000 | 0.3% | 8 |
| ADAPTHEALTH CORP | [AHCO](https://holderbook.com/stocks/AHCO/) | $37.8M | 1,734,214 | 0.3% | 3 |
| FLIR SYS INC | [FLIR](https://holderbook.com/stocks/FLIR/) | $37.6M | 1,049,729 | 0.3% | 3 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $33.5M | 292,980 | 0.2% | 2 |
| NUTANIX INC | - | $32.1M | 34,200,000 | 0.2% | 7 |
| FISERV INC | [FISV](https://holderbook.com/stocks/FISV/) | $31.4M | 305,138 | 0.2% | 6 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $30.5M | 261,568 | 0.2% | 7 |
| AMETEK INC | [AME](https://holderbook.com/stocks/AME/) | $30.3M | 305,087 | 0.2% | 8 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2020 | +11.7% | +8.6% | +3.1% | 98% |
| Q2 2020 | +28.7% | +19.6% | +9.1% | 97% |
| Q1 2020 | -18.4% | -19.9% | +1.5% | 96% |
| Q4 2019 | +11.6% | +8.5% | +3.1% | 95% |
| Q3 2019 | -1.7% | +1.3% | -3.0% | 97% |
| Q2 2019 | +4.4% | +3.7% | +0.7% | 98% |
| Q1 2019 | +17.3% | +13.0% | +4.3% | 98% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2020 | $13.5B | 294 |
| Q2 2020 | $11.6B | 277 |
| Q1 2020 | $9.3B | 286 |
| Q4 2019 | $11.5B | 281 |
| Q3 2019 | $11.1B | 279 |
| Q2 2019 | $11.4B | 282 |
| Q1 2019 | $10.8B | 266 |
| Q4 2018 | $9.4B | 253 |