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Polen Capital Management Portfolio holdings
AUM
$11.6B
Turnover
47.75%
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
(-24%)
Cap. Flow
-$7.02B
Cap. Flow % of AUM
Cap. Flow %
-29.98%
Top 10 Holdings %
Top 10 Hldgs %
58.35%
Holding
291
New
59
Increased
45
Reduced
121
Closed
57
Avg Time Held
Equity + Options
1.4
years
Top 10 Avg Time Held
Equity + Options
3.5
years
Top 20 Avg Time Held
Equity + Options
4.9
years
Avg Time Held Equity only
1.5
years
Top 10 Avg Time Held Equity only
3.5
years
Top 20 Avg Time Held Equity only
4.9
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intuitive Surgical
ISRG
|
+$449M |
| 2 |
iShares Russell 1000 Growth ETF
IWF
|
+$260M |
| 3 |
iShares MSCI ACWI ETF
ACWI
|
+$58.9M |
| 4 |
Spotify
SPOT
|
+$37.9M |
| 5 |
Vanguard Morningstar Growth ETF
VUG
|
+$10.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Shopify
SHOP
|
+$620M |
| 2 |
Amazon
AMZN
|
+$593M |
| 3 |
Microsoft
MSFT
|
+$556M |
| 4 |
Oracle
ORCL
|
+$501M |
| 5 |
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 | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Amazon
AMZN
$2.7T
| $2B | 8.53% |
8,653,721
-2,592,807
| -23% | -$593M |
2021 Q1
19 quarters
|
|
|
2
Microsoft
MSFT
$3.93T
| $1.89B | 8.07% |
3,909,985
-1,110,173
| -22% | -$556M |
2017 Q3
33 quarters
|
|
|
3
Oracle
ORCL
$389B
| $1.4B | 5.98% |
7,185,496
-2,103,142
| -23% | -$501M |
2024 Q3
5 quarters
|
|
4
Eli Lilly
LLY
$1.12T
| $1.34B | 5.72% |
1,246,090
-376,877
| -23% | -$360M |
2023 Q3
9 quarters
|
|
5
Alphabet (Google) Class C
GOOG
$4.12T
| $1.26B | 5.38% |
4,018,121
-622,121
| -13% | -$178M |
2013 Q2
50 quarters
|
|
6
Broadcom
AVGO
$1.57T
| $1.22B | 5.22% |
3,531,637
-954,217
| -21% | -$341M |
2025 Q3
1 quarter
|
|
7
Mastercard
MA
$541B
| $1.22B | 5.2% |
2,131,727
-609,516
| -22% | -$341M |
2013 Q2
50 quarters
|
|
8
Visa
V
$756B
| $1.18B | 5.05% |
3,375,342
-964,882
| -22% | -$329M |
2013 Q2
50 quarters
|
|
|
9
Shopify
SHOP
$218B
| $1.16B | 4.95% |
7,201,872
-3,859,034
| -35% | -$620M |
2021 Q2
18 quarters
|
|
10
NVIDIA
NVDA
$5.17T
| $994M | 4.24% |
5,328,112
-968,922
| -15% | -$180M |
2025 Q2
2 quarters
|
|
11
ServiceNow
NOW
$147B
| $870M | 3.72% |
5,680,788
+60,408
| +1% | +$10.4M |
2019 Q4
24 quarters
|
|
12
MSCI
MSCI
$41.4B
| $764M | 3.26% |
1,331,085
-252,854
| -16% | -$142M |
2023 Q3
9 quarters
|
|
13
Zoetis
ZTS
$32.8B
| $700M | 2.99% |
5,562,669
-1,954,242
| -26% | -$255M |
2017 Q4
32 quarters
|
|
14
Aon
AON
$62.1B
| $652M | 2.78% |
1,846,294
-643,873
| -26% | -$225M |
2020 Q3
21 quarters
|
|
15
Idexx Laboratories
IDXX
$44.1B
| $650M | 2.77% |
960,537
-166,610
| -15% | -$113M |
2025 Q2
2 quarters
|
|
16
Starbucks
SBUX
$111B
| $571M | 2.44% |
6,785,308
-2,095,833
| -24% | -$177M |
2025 Q1
3 quarters
|
|
17
Accenture
ACN
$141B
| $505M | 2.16% |
1,882,707
-579,052
| -24% | -$147M |
2013 Q2
50 quarters
|
|
18
Abbott
ABT
$181B
| $496M | 2.12% |
3,962,230
-3,458,374
| -47% | -$441M |
2019 Q3
25 quarters
|
|
|
19
Intuitive Surgical
ISRG
$151B
| $477M | 2.04% |
+842,618
| New | +$449M |
2025 Q4
0 quarters
|
|
20
Adobe
ADBE
$95.4B
| $471M | 2.01% |
1,345,588
-511,610
| -28% | -$174M |
2015 Q1
43 quarters
|
|
21
Airbnb
ABNB
$102B
| $411M | 1.76% |
3,030,730
-943,841
| -24% | -$118M |
2021 Q3
17 quarters
|
|
22
Synopsys
SNPS
$87.1B
| $397M | 1.69% |
844,881
-199,919
| -19% | -$88.8M |
2025 Q3
1 quarter
|
|
23
Boston Scientific
BSX
$64.3B
| $383M | 1.64% |
4,019,552
-1,578,734
| -28% | -$155M |
2025 Q3
1 quarter
|
|
|
24
iShares Russell 1000 Growth ETF
IWF
$124B
| $367M | 1.57% |
3,104,344
+2,192,940
| +241% | +$260M |
2013 Q4
48 quarters
|
|
25
Intuit
INTU
$86.9B
| $340M | 1.45% |
512,656
-149,071
| -23% | -$98.5M |
2025 Q3
1 quarter
|
|
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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.