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Polen Capital Management

Polen Capital Management Portfolio holdings

AUM $11.6B
1-Year Est. Return 8.03%
This Fund
S&P 500
This Quarter Est. Return
+1.84%
1 Year Est. Return
+8.03%
3 Year Est. Return
+64.37%
5 Year Est. Return
+58.48%
10 Year Est. Return
+511%
AUM
$23.4B
AUM Growth
-$7.38B
Cap. Flow
-$7.02B
Cap. Flow %
-29.95%
Top 10 Hldgs %
58.35%
Holding
291
New
59
Increased
45
Reduced
121
Closed
57

Top Buys

Rank Stock Value
1
ISRG icon
Intuitive Surgical
ISRG
+$449M
2
IWF icon
iShares Russell 1000 Growth ETF
IWF
+$260M
3
ACWI icon
iShares MSCI ACWI ETF
ACWI
+$58.9M
4
SPOT icon
Spotify
SPOT
+$37.9M
5
VUG icon
Vanguard Morningstar Growth ETF
VUG
+$10.5M

Top Sells

Rank Stock Value
1
SHOP icon
Shopify
SHOP
+$620M
2
AMZN icon
Amazon
AMZN
+$593M
3
MSFT icon
Microsoft
MSFT
+$556M
4
ORCL icon
Oracle
ORCL
+$501M
5
NFLX icon
Netflix
NFLX
+$498M

Sector Composition

Rank Sector Weight
1 Technology 42.78%
2 Healthcare 17.61%
3 Financials 16.56%
4 Consumer Discretionary 13.32%
5 Communication Services 5.72%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CSGP icon
26
CoStar Group
CSGP
$13B
$329M 1.4%
4,890,936
-1,489,973
-23% -$106M
PAYC icon
27
Paycom
PAYC
$10.5B
$292M 1.25%
1,835,028
-801,395
-30% -$142M
UBER icon
28
Uber
UBER
$160B
$291M 1.24%
3,565,793
-1,004,860
-22% -$90.5M
MELI icon
29
Mercado Libre
MELI
$98.9B
$96.5M 0.41%
47,920
-1,595
-3% -$3.35M
ACWI icon
30
iShares MSCI ACWI ETF
ACWI
$33.3B
$86.3M 0.37%
610,133
+419,684
+220% +$58.9M
TSM icon
31
TSMC
TSM
$2.17T
$61M 0.26%
200,593
+23,534
+13% +$6.91M
SAP icon
32
SAP
SAP
$244B
$56.7M 0.24%
233,332
-111,620
-32% -$28.4M
SPOT icon
33
Spotify
SPOT
$113B
$41.6M 0.18%
71,658
+60,583
+547% +$37.9M
NU icon
34
Nu Holdings
NU
$73.3B
$19.4M 0.08%
1,157,836
-383,326
-25% -$6.16M
ICLR icon
35
Icon
ICLR
$13B
$19.2M 0.08%
105,206
-338,255
-76% -$60.2M
NFLX icon
36
Netflix
NFLX
$339B
$16.3M 0.07%
173,797
-4,615,003
-96% -$498M
VUG icon
37
Vanguard Morningstar Growth ETF
VUG
$225B
$16.2M 0.07%
198,744
+128,994
+185% +$10.5M
HDB icon
38
HDFC Bank
HDB
$119B
$13.4M 0.06%
367,007
-226,353
-38% -$8.14M
ASML icon
39
ASML
ASML
$671B
$12M 0.05%
11,195
-8,602
-43% -$8.97M
MNDY icon
40
monday.com
MNDY
$3.91B
$11.7M 0.05%
79,332
-46,479
-37% -$7.83M
GOOGL icon
41
Alphabet (Google) Class A
GOOGL
$4.18T
$9.66M 0.04%
30,864
-442,567
-93% -$126M
IVV icon
42
iShares Core S&P 500 ETF
IVV
$894B
$9.36M 0.04%
+13,669
New +$9.28M
ONON icon
43
On Holding
ONON
$9.77B
$9.04M 0.04%
194,483
-63,891
-25% -$2.75M
WTW icon
44
Willis Towers Watson
WTW
$31.9B
$9.01M 0.04%
27,425
-192,359
-88% -$63M
ACWX icon
45
iShares MSCI ACWI ex US ETF
ACWX
$12.5B
$8.51M 0.04%
126,761
+65,149
+106% +$4.32M
MDT icon
46
Medtronic
MDT
$118B
$8.12M 0.03%
84,500
-40,456
-32% -$3.93M
AGX icon
47
Argan
AGX
$6.38B
$7.8M 0.03%
24,886
-12,647
-34% -$4.01M
WGS icon
48
GeneDx Holdings
WGS
$2.69B
$7.79M 0.03%
59,861
-8,308
-12% -$1.14M
TME icon
49
Tencent Music
TME
$14.4B
$7.23M 0.03%
412,467
-148,966
-27% -$3.02M
DLO icon
50
dLocal
DLO
$4.52B
$6.6M 0.03%
466,809
-232,570
-33% -$3.28M
1
2
3 4 5

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AAIS
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QC
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RCM
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Polen Capital Management's Q4 2025 Portfolio in Review

As of Q4 2025, Polen Capital Management held 291 positions worth $23.4B, down 24% from $30.8B the previous quarter. Its ten largest holdings account for 58% of the portfolio.

Polen Capital Management withdrew a net $7.02B in Q4 2025, closing 57 positions and reducing 121 holdings. Its most notable exit was iShares iBoxx $ High Yield Corporate Bond ETF, an estimated $16.2M position sold in full.

By sector, the portfolio is most concentrated in Technology at 43% of assets, down from 47% a quarter earlier, followed by Healthcare and Financials.

Against the trend, Polen Capital Management opened a new position in Intuitive Surgical worth $477M.

  • Polen Capital Management's largest Q4 2025 buy was Intuitive Surgical: 842,618 shares worth $477M.
  • Polen Capital Management added most to iShares Russell 1000 Growth ETF in Q4 2025, an estimated $260M increase.
  • Polen Capital Management's biggest Q4 2025 reduction was Shopify, cutting an estimated $620M.
  • Polen Capital Management fully exited iShares iBoxx $ High Yield Corporate Bond ETF in Q4 2025, selling an estimated $16.2M.
  • Polen Capital Management's ten largest holdings make up 58% of its $23.4B portfolio in Q4 2025.
  • Polen Capital Management opened 59 new positions and closed 57 in Q4 2025.
  • Polen Capital Management's portfolio value fell 24% quarter-over-quarter to $23.4B.

Based on Polen Capital Management's 13F filing for Q4 2025, filed 12 Feb 2026.