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Focused investors/Polen Capital Management

Polen Capital Management

As of Q2 2026, Polen Capital Management reported 219 long-equity positions worth $11.61B in aggregate.

Copy-investor backtest

Latest quarter
+3.05%
1-year
-4.51%
3-year
+27.82%
5-year
+6.68%
3-year vs S&P 500
-45.26%
5-year vs S&P 500
-66.61%
5-year top 5
+24.77%

Return from mechanically copying the disclosed 13F equity portfolio after each filing and rebalancing at the next. The vs S&P 500 figures subtract SPY over that manager's own rebalance dates, so both sides cover the same days; both are price return, excluding dividends. Method & limitations.

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Sells

These are the positions the manager reduced or sold out of this quarter, showing where they pulled money back. The quarter shown is Q2 2026.

TickerSecurityActivity% portfolioSharesValueReported priceQ range
AONAON PLCReduce -87.9%0.47%164,035$54.41M$331.69$306.52 - $340.69(74%)$321.34 -> $332.17
LLYELI LILLY & COReduce -27.1%6.89%666,912$799.91M$1199.43$850.51 - $1238.00(90%)$954.52 -> $1199.43
SNPSSYNOPSYS INCReduce -93.8%0.16%41,267$18.41M$446.07$386.59 - $539.48(39%)$396.74 -> $446.07
ZTSZOETIS INCReduce -92.4%0.20%320,420$23.03M$71.86$71.47 - $123.32(1%)$117.29 -> $71.86
MSFTMICROSOFT CORPReduce -26.3%6.74%2,098,613$782.82M$373.02$349.20 - $466.32(20%)$369.37 -> $373.02
AVGOBROADCOM INCReduce -27.3%6.38%1,960,209$740.47M$377.75$301.75 - $495.00(39%)$313.49 -> $377.50
GOOGALPHABET INCReduce -26.5%6.59%2,165,218$765.04M$353.33$287.57 - $404.47(56%)$294.90 -> $353.33
AMZNAMAZON COM INCReduce -27.9%5.77%2,809,953$669.72M$238.34$204.90 - $278.56(45%)$210.57 -> $238.72
VVISA INCReduce -26.2%5.34%1,805,617$619.49M$343.09$293.89 - $345.80(95%)$298.51 -> $343.09
ORCLORACLE CORPReduce -28.9%4.51%3,574,259$523.81M$146.55$134.57 - $250.25(10%)$145.23 -> $146.55
MAMASTERCARD INCORPORATEDReduce -25.9%5.05%1,141,958$586.51M$513.60$464.52 - $534.21(70%)$491.65 -> $513.60
SHOPSHOPIFY INCReduce -27.4%4.50%4,577,524$522.66M$114.18$94.00 - $137.30(47%)$118.52 -> $114.18
NOWSERVICENOW INCReduce -26.1%4.59%5,370,172$533.15M$99.28$81.24 - $139.20(31%)$104.04 -> $99.28
UBERUBER TECHNOLOGIES INCReduce -80.5%0.35%570,063$41.14M$72.16$67.19 - $80.83(36%)$71.71 -> $72.16
SBUXSTARBUCKS CORPReduce -29.8%3.13%3,550,773$362.85M$102.19$88.16 - $108.88(68%)$90.43 -> $102.19
ACNACCENTURE PLC IRELANDReduce -88.7%0.16%152,800$19.01M$124.44$118.15 - $202.16(7%)$197.06 -> $124.47
MSCIMSCI INCReduce -27.7%3.24%671,797$376.23M$560.04$525.58 - $644.68(29%)$536.90 -> $560.04
IWFISHARES TRReduce -62.3%4:1 dist0.66%613,639$76.2M$124.17$105.29 - $129.14(79%)$107.53 -> $124.17
AAALCOA CORPSold0$0-
ANROALTO NEUROSCIENCE INCSold0$0-
ANIPANI PHARMACEUTICALS INCSold0$0-
ANNXANNEXON INCSold0$0-
ARLOARLO TECHNOLOGIES INCSold0$0-
ASNDASCENDIS PHARMA A/SSold0$0-
AXAXOS FINANCIAL INCSold0$0-
BETRBETTER HOME & FINANCE HOLDINSold0$0-
BKSYBLACKSKY TECHNOLOGY INCSold0$0-
VTOLBRISTOW GROUP INCSold0$0-
CEPTCANTOR EQUITY PARTNERS II INSold0$0-
CELCCELCUITY INCSold0$0-
CPFCENTRAL PAC FINL CORPSold0$0-
CEPUCENTRAL PUERTO S ASold0$0-
CRCLCIRCLE INTERNET GROUP INCSold0$0-
CCOCLEAR CHANNEL OUTDOOR HLDGSSold0$0-
CAAPCORPORACION AMER ARPTS S ASold0$0-
DAVEDAVE INCSold0$0-
DLXDELUXE CORP MEDIUM TERM NTSSold0$0-
DNLIDENALI THERAPEUTICS INCSold0$0-
ESQESQUIRE FINL HLDGS INCSold0$0-
FSLYFASTLY INCSold0$0-
FIGSFIGS INCSold0$0-
FIGRFIGURE TECHNOLOGY SOLUTIOSold0$0-
FLYFIREFLY AEROSPACE INCSold0$0-
FSLRFIRST SOLAR INCSold0$0-
FLRFLUOR CORPSold0$0-
ITGARTNER INCSold0$0-
WGSGENEDX HOLDINGS CORPSold0$0-
CMPOGPGI INCSold0$0-
GGALGRUPO FINANCIERO GALICIA S.ASold0$0-
HCIHCI GROUP INCSold0$0-
HDBHDFC BANK LTDSold0$0-
INTUINTUITSold0$0-
IONQIONQ INCSold0$0-
IRMDIRADIMED CORPSold0$0-
IRSIRSA INVERSIONES Y REP S ASold0$0-
EWTISHARES INCSold0$0-
MCHIISHARES TRSold0$0-
SGOVISHARES TRSold0$0-
IEIVANHOE ELECTRIC INCSold0$0-
KRMNKARMAN HLDGS INCSold0$0-
KTBKONTOOR BRANDS INCSold0$0-
KTOSKRATOS DEFENSE & SEC SOLUTIOSold0$0-
LMNDLEMONADE INCSold0$0-
MTWMANITOWOC CO INCSold0$0-
MDTMEDTRONIC PLCSold0$0-
MIRMIRION TECHNOLOGIES INCSold0$0-
NAUTNAUTILUS BIOTECHNOLOGY INCSold0$0-
SMRNUSCALE PWR CORPSold0$0-
NUVLNUVALENT INCSold0$0-
OFRMONCE UPON A FARM PBCSold0$0-
OPENOPENDOOR TECHNOLOGIES INCSold0$0-
ORNORION GROUP HLDGS INCSold0$0-
PAYCPAYCOM SOFTWARE INCSold0$0-
PAHCPHIBRO ANIMAL HEALTH CORPSold0$0-
QXOQXO INCSold0$0-
METCRAMACO RES INCSold0$0-
CRMSALESFORCE INCSold0$0-
SESSES AI CORPORATIONSold0$0-
SHAKSHAKE SHACK INCSold0$0-
SIONSIONNA THERAPEUTICS INCSold0$0-
SKYTSKYWATER TECHNOLOGY INCSold0$0-
BILSPDR SERIES TRUSTSold0$0-
STRLSTERLING INFRASTRUCTURE INCSold0$0-
LRNSTRIDE INCSold0$0-
THRTHERMON GROUP HLDGS INCSold0$0-
TMDXTRANSMEDICS GROUP INCSold0$0-
WINAWINMARK CORPSold0$0-
XMTRXOMETRY INCSold0$0-
CSGPCOSTAR GROUP INCReduce -30.3%2.14%8,759,314$248.06M$28.32$28.18 - $41.29(1%)$39.63 -> $28.32
ABNBAIRBNB INCReduce -27.4%2.03%1,649,884$236.1M$143.10$121.51 - $150.19(75%)$125.19 -> $142.91
IDXXIDEXX LABS INCReduce -23.5%2.41%532,384$280.27M$526.44$518.55 - $605.82(9%)$564.66 -> $526.44
LRCXLAM RESEARCH CORPReduce -18.5%3.21%859,036$372.25M$433.33$208.80 - $438.50(98%)$222.01 -> $433.33
METAMETA PLATFORMS INCReduce -30.9%1.60%329,573$185.65M$563.29$540.21 - $691.52(15%)$579.23 -> $563.29
ISRGINTUITIVE SURGICAL INCReduce -26.2%1.53%447,944$178.14M$397.68$396.68 - $491.15(1%)$464.45 -> $397.68
ACWIISHARES TRReduce -60.7%0.16%120,540$18.92M$156.97$137.07 - $160.03(87%)$139.67 -> $157.00
NVDANVIDIA CORPORATIONReduce -3.1%6.86%3,978,446$796.05M$200.09$171.37 - $236.54(44%)$175.75 -> $200.09
ROLROLLINS INCReduce -26.9%0.57%1,590,903$66.4M$41.74$41.50 - $57.44(2%)$53.49 -> $41.74
BSXBOSTON SCIENTIFIC CORPReduce -99.2%0.00%4,750$202.73K$42.68$42.25 - $66.88(2%)$62.00 -> $42.68
MELIMERCADOLIBRE INCReduce -24.8%0.38%25,926$44.01M$1697.36$1495.00 - $1903.00(50%)$1718.97 -> $1697.39
SPOTSPOTIFY TECHNOLOGY S AReduce -24.1%0.32%81,578$37.46M$459.13$411.24 - $543.69(36%)$470.01 -> $459.13
BEBLOOM ENERGY CORPReduce -39.3%0.11%40,838$12.36M$302.70$123.16 - $351.28(79%)$132.45 -> $302.61
POWLPOWELL INDS INCReduce -44.4%3:1 split0.07%29,181$8.36M$286.36$175.00 - $328.00(73%)$184.68 -> $286.36
NUNU HLDGS LTDReduce -38.2%0.09%752,747$10.06M$13.36$11.20 - $15.81(47%)$14.44 -> $13.36
AGXARGAN INCReduce -43.2%0.07%10,214$8.16M$798.55$546.76 - $805.75(97%)$571.38 -> $796.34
SAPSAP SEReduce -56.9%0.04%28,773$4.43M$154.11$148.06 - $196.39(13%)$171.36 -> $154.11
CRSCARPENTER TECHNOLOGY CORPReduce -45.6%0.04%6,756$4.17M$616.84$382.18 - $624.49(97%)$404.32 -> $616.44
BELFBBEL FUSE INCReduce -24.2%0.09%32,845$10.94M$333.04$194.95 - $335.29(98%)$203.04 -> $333.04
IESCIES HOLDINGS INCReduce -39.1%0.05%7,275$5.34M$734.66$458.86 - $804.00(80%)$483.85 -> $734.66
BBIOBRIDGEBIO PHARMA INCReduce -91.3%0.00%4,002$298.07K$74.48$62.50 - $84.75(54%)$74.45 -> $74.46
WWAYFAIR INCReduce -93.2%0.00%2,402$221.99K$92.42$55.60 - $96.68(90%)$75.25 -> $92.42
VSECVSE CORPReduce -29.0%0.06%29,853$6.82M$228.50$156.22 - $232.61(95%)$191.86 -> $228.50
IBNICICI BANK LIMITEDReduce -67.7%0.01%38,124$1.11M$29.03$25.17 - $29.59(87%)$25.72 -> $29.03
PLPLANET LABS PBCReduce -30.3%0.04%149,211$4.94M$33.13$25.30 - $51.76(30%)$30.71 -> $33.13
VUGVANGUARD INDEX FDSReduce -23.9%6:1 dist0.05%73,200$6.31M$86.14$71.99 - $90.60(76%)$73.59 -> $86.14
WTWWILLIS TOWERS WATSON PLC LTDReduce -33.8%0.03%12,833$3.35M$261.38$240.61 - $300.98(34%)$287.53 -> $261.37
SPHRSPHERE ENTERTAINMENT COReduce -20.2%0.06%38,529$6.67M$173.03$116.17 - $174.60(97%)$119.81 -> $173.03
AZNASTRAZENECA PLCReduce -28.5%0.03%18,621$3.51M$188.69$174.28 - $207.30(44%)$200.73 -> $189.59
ASMLASML HLDG NVReduce -4.0%0.26%15,427$30.69M$1989.49$1272.21 - $1999.96(99%)$1359.76 -> $1990.62
AEHRAEHR TEST SYSReduce -16.7%0.05%66,157$6.36M$96.06$35.65 - $126.62(66%)$39.60 -> $96.48
SITMSITIME CORPReduce -21.8%0.04%5,555$4.14M$745.56$330.13 - $901.81(73%)$354.33 -> $745.56
ATROASTRONICS CORPReduce -25.9%1.253:1 split0.03%39,379$3.2M$81.26$66.15 - $99.89(45%)$70.72 -> $81.27
ABTABBOTT LABORATORIESReduce -79.1%0.00%3,156$286.38K$90.74$81.97 - $103.84(40%)$102.38 -> $90.80
NFLXNETFLIX INC.Reduce -18.2%0.04%68,139$4.87M$71.40$70.86 - $108.95(1%)$95.55 -> $71.40
ONONON HLDG AGReduce -33.3%0.02%58,741$2.08M$35.42$31.62 - $41.41(39%)$34.77 -> $35.42
VCTRVICTORY CAP HLDGS INC DELReduce -29.2%0.02%28,223$2.37M$84.06$60.90 - $90.19(79%)$64.88 -> $84.06
SESEA LTDReduce -29.7%0.02%23,119$2.22M$95.83$79.00 - $99.97(80%)$82.16 -> $95.83
PRAXPRAXIS PRECISION MEDICINES IReduce -27.8%0.02%7,252$2.43M$334.79$238.77 - $366.52(75%)$319.28 -> $334.79
ADBEADOBE INCReduce -36.1%0.01%7,581$1.55M$205.01$190.12 - $275.44(17%)$241.37 -> $205.14
FTITECHNIPFMC PLCReduce -35.4%0.01%22,164$1.47M$66.30$63.54 - $77.78(19%)$69.79 -> $66.33
YOUCLEAR SECURE INCReduce -9.7%0.06%131,773$7.34M$55.73$45.38 - $62.73(60%)$49.09 -> $55.73
SOFISOFI TECHNOLOGIES INCReduce -36.5%0.01%65,611$1.18M$17.93$14.92 - $20.13(58%)$15.63 -> $17.93
CATHGLOBAL X FDSReduce -37.1%0.01%11,866$1.05M$88.50$77.45 - $90.68(84%)$78.71 -> $88.50
SNDKSANDISK CORPReduce -57.4%0.00%193$438.83K$2273.73$641.00 - $2354.39(95%)$692.73 -> $2273.73
NXENEXGEN ENERGY LTDReduce -46.7%0.01%62,639$588.09K$9.39$9.17 - $13.31(5%)$11.60 -> $9.39
ROADCONSTRUCTION PARTNERS INCReduce -15.3%0.02%22,291$2.65M$118.77$103.00 - $151.00(33%)$112.90 -> $118.77
CECOCECO ENVIRONMENTAL CORPReduce -3.7%0.11%137,977$12.52M$90.74$58.52 - $101.24(75%)$61.50 -> $90.74
AAPLAPPLE INCReduce -28.6%0.01%2,892$836.74K$289.33$245.70 - $316.94(61%)$255.63 -> $289.05
RHLDRESOLUTE HLDGS MGMT INCReduce -16.1%0.01%11,464$1.66M$144.53$97.88 - $165.68(69%)$162.68 -> $144.53
BWBABCOCK & WILCOX ENTERPRISESReduce -8.1%0.03%249,411$3.52M$14.10$13.58 - $22.03(6%)$14.97 -> $14.09
ADPTADAPTIVE BIOTECHNOLOGIES CORReduce -11.7%0.02%102,457$2.2M$21.45$12.36 - $21.64(98%)$14.43 -> $21.48
MLKNMILLERKNOLL INCReduce -52.6%0.00%12,466$255.05K$20.46$13.91 - $20.98(93%)$14.50 -> $20.46
SOISOLARIS ENERGY INFRAS INCReduce -4.0%0.06%80,324$6.46M-
GHMGRAHAM CORPReduce -11.0%0.02%15,852$1.96M$123.79$78.27 - $125.25(97%)$81.85 -> $123.92
KODKODIAK SCIENCES INCReduce -14.2%0.01%35,469$1.38M$38.96$29.21 - $47.84(52%)$42.81 -> $38.96
TIGOMILLICOM INTL CELLULAR S AReduce -6.9%0.03%33,602$3.05M$90.76$70.20 - $94.73(84%)$76.89 -> $90.76
BWXTBWX TECHNOLOGIES INCReduce -3.0%0.06%36,974$7.2M$194.65$179.46 - $241.82(24%)$212.81 -> $194.49
PRLBPROTO LABS INCReduce -6.9%0.02%35,011$2.85M$81.51$55.32 - $83.15(94%)$58.13 -> $81.51
PTGXPROTAGONIST THERAPEUTICS INCReduce -6.9%0.02%22,651$2.78M$122.58$92.75 - $126.59(88%)$103.67 -> $122.58
EROERO COPPER CORPReduce -10.8%0.01%62,613$1.67M$26.75$24.41 - $32.76(28%)$28.05 -> $26.74
PLPCPREFORMED LINE PRODS COReduce -6.3%0.02%6,875$2.82M$410.56$266.26 - $412.13(99%)$291.42 -> $410.56
ESTAESTABLISHMENT LABS HLDGS INCReduce -7.3%0.02%22,541$1.93M$85.81$56.80 - $90.50(86%)$58.70 -> $85.81
GOOGLALPHABET INCReduce -1.4%0.09%27,810$9.94M$357.37$289.45 - $408.61(57%)$297.39 -> $357.37
KAROPENLANE INCReduce -7.2%0.01%30,970$1.28M-
FTAIFTAI AVIATION LTDReduce -20.3%0.00%1,404$379.82K$270.53$202.84 - $288.70(79%)$249.81 -> $270.53
RKLBROCKET LAB CORPReduce -3.4%0.02%22,751$2.31M$101.65$61.86 - $151.00(45%)$65.52 -> $101.65
ADTNADTRAN HOLDINGS INCReduce -7.1%0.01%70,292$977.06K$13.90$12.28 - $19.98(21%)$12.73 -> $13.93
GHGUARDANT HEALTH INCReduce -1.0%0.04%34,372$5.16M$150.03$74.55 - $153.95(95%)$91.15 -> $150.03
DLODLOCAL LTDReduce -0.6%0.05%456,087$5.93M$12.99$10.64 - $14.49(61%)$12.44 -> $12.99
TMETENCENT MUSIC ENTMT GROUPReduce -0.8%0.03%407,182$3.4M$8.35$7.94 - $10.25(18%)$9.19 -> $8.35
OPYOPPENHEIMER HLDGS INCReduce -0.5%0.02%26,834$2.83M$105.54$87.93 - $118.77(57%)$89.59 -> $105.54
APEIAMERICAN PUB ED INCReduce -1.1%0.01%13,971$750.24K$53.70$49.47 - $61.59(35%)$57.50 -> $53.74