Polen Capital Management LLC

Boca Raton, FL 23 processed 13Fs on this site, 2021 Q3 to 2026 Q2

$11.6B
219 holdings
2026 Q2
−19.7% QoQ
Top 5 33.5%

Portfolio

2026 Q2, filed 8/4/2026, top 12 of 219 holdings

Top 5 33.5%, top 10 58.8%

AUM over time

2026 Q2 $11.6B −19.7% QoQ

Q3 2021

Q1 2022

Q1 2023

Q1 2024

Q1 2025

Q1 2026

Book

2025 Q1 2024 Q4, filed 12 May, long equity only

Download CSV Download Excel All activity


AMZN, Amazon	10.60%, was 11.59%	Reduce −9.2%	17,747,395	$190.26	$3.4B	−1,799,217	−$912M
MSFT, Microsoft	7.00%, was 7.30%	Reduce −7.3%	5,941,106	$375.39	$2.2B	−469,776	−$472M
V, Visa	6.63%	Reduce −8.4%	6,023,710	$350.46	$2.1B	−555,023	+$32M
ORCL, Oracle	5.54%, was 4.83%	Add +17.6%	12,609,101	$139.81	$1.8B	+1,885,370	−$24M
MA, Mastercard	5.53%	Reduce −8.1%	3,211,209	$548.12	$1.8B	−281,257	−$79M
ABT, Abbott Laboratories	4.74%	Reduce −10.3%	11,385,577	$132.65	$1.5B	−1,302,786	+$75M
SHOP, Shopify	4.58%, was 4.91%	Reduce −10.6%	15,270,075	$95.48	$1.5B	−1,809,405	−$358M
LLY, Eli Lilly	4.55%, was 2.70%	Add +35.4%	1,754,571	$825.91	$1.4B	+459,182	+$449M
ZTS, Zoetis	4.55%, was 3.29%	Add +17.6%	8,796,847	$164.65	$1.4B	+1,313,653	+$229M
AON, Aon	3.77%, was 0.70%	Add +318.1%	3,007,719	$399.09	$1.2B	+2,288,397	+$942M
GOOG, Alphabet Class C	3.65%, was 5.70%	Reduce −32.9%	7,434,428	$156.23	$1.2B	−3,641,843	−$948M
TMO, Thermo Fisher Scientific	3.63%	Reduce −5.6%	2,322,482	$497.60	$1.2B	−138,713	−$125M
ADBE, Adobe	3.39%, was 3.62%	Reduce −6.5%	2,818,625	$383.53	$1.1B	−196,949	−$260M
MSCI	3.32%	Reduce −8.1%	1,868,138	$565.50	$1.1B	−164,100	−$163M
ACN, Accenture	3.14%, was 3.35%	Reduce −9.0%	3,208,478	$312.04	$1B	−318,132	−$239M
ABNB, Airbnb	2.90%, was 2.92%	Reduce −6.0%	7,726,604	$119.46	$923M	−490,310	−$157M
WDAY, Workday	2.89%, was 2.99%	Reduce −8.0%	3,944,506	$233.53	$921M	−343,117	−$185M
NFLX, Netflix	2.60%, was 4.16%	Reduce −48.6%	888,072	$932.53	$828M	−839,790	−$712M
NOW, ServiceNow	2.37%, was 4.68%	Reduce −41.9%	949,728	$796.14	$756M	−684,867	−$977M
PAYC, Paycom Software	2.13%	Reduce −2.3%	3,097,854	$218.48	$677M	−73,806	+$27M
AAPL, Apple	1.87%, was 4.17%	Reduce −56.5%	2,681,114	$222.13	$596M	−3,488,399	−$949M
UNH, UnitedHealth Group	1.71%	Reduce −7.8%	1,037,575	$523.75	$543M	−88,018	−$26M
CSGP, CoStar Group	1.64%, was 1.26%	Add +1.6%	6,601,800	$79.23	$523M	+104,612	+$58M
SBUX, Starbucks	1.58%	New	5,133,440	$98.09	$504M	+5,133,440	+$504M
IT, Gartner	1.10%, was 1.18%	Reduce −7.4%	835,522	$419.74	$351M	−67,168	−$87M
SAP	0.46%, was 0.67%	Reduce −45.7%	542,699	$268.44	$146M	−457,245	−$101M
IWF, iShares Trust	0.44%, was 0.55%	Reduce −23.4%	385,522	$361.09	$139M	−118,097	−$63M
MELI, MercadoLibre	0.42%, was 0.17%	Add +87.3%	68,534	$1,951	$134M	+31,939	+$71M
WTW, Willis Towers Watson	0.39%, was 0.11%	Add +185.1%	366,539	$337.95	$124M	+237,953	+$84M
ICLR, Icon	0.35%, was 0.40%	Reduce −10.7%	635,052	$174.99	$111M	−76,458	−$38M
GOOGL, Alphabet Class A	0.30%, was 0.63%	Reduce −50.3%	610,910	$154.64	$94M	−619,287	−$138M
GLOB, Globant	0.29%	Add +22.0%	774,418	$117.72	$91M	+139,894	−$45M
NVO, Novo Nordisk	0.22%, was 1.49%	Reduce −84.4%	1,001,906	$69.44	$70M	−5,403,842	−$481M
MDT, Medtronic	0.18%	Reduce −19.6%	629,483	$89.86	$57M	−152,995	−$5.9M
ADP, Automatic Data Processing	0.16%	Reduce −7.4%	166,526	$305.53	$51M	−13,223	−$1.7M
ACWI, iShares Trust	0.14%, was 0.10%	Add +21.1%	384,795	$116.39	$45M	+66,994	+$7.4M
HDB, HDFC Bank	0.14%	Reduce −15.9%	651,063	$66.44	$43M	−123,517	−$6.2M
ASML	0.11%, was 0.12%	Reduce −15.2%	52,677	$662.63	$35M	−9,464	−$8.2M
NU, Nu Holdings	0.10%, was 0.06%	Add +32.4%	2,969,781	$10.24	$30M	+726,310	+$7.2M
TME, Tencent Music Entertainment	0.09%, was 0.03%	Add +86.7%	1,978,769	$14.41	$29M	+919,182	+$16M
SPOT, Spotify	0.07%	Reduce −36.3%	38,749	$550.03	$21M	−22,112	−$5.9M
MNDY, Monday.com	0.05%, was 0.03%	Add +34.0%	71,261	$243.16	$17M	+18,075	+$4.8M
Exlservice	0.04%	Reduce −18.6%	260,017	$47.21	$12M	−59,473	−$1.9M
ONON, On Holding	0.03%, was 0.04%	Reduce −14.2%	238,933	$43.92	$10M	−39,450	−$4.8M
PDD, PDD Holdings	0.02%	Reduce −1.3%	66,193	$118.35	$7.8M	−899	+$1.3M
HLNE, Hamilton Lane	0.02%	Reduce −6.0%	52,320	$148.67	$7.8M	−3,324	−$460K
MEDP, Medpace	0.02%, was 0.01%	Add +50.8%	24,466	$304.69	$7.5M	+8,243	+$2.1M
GSHD, Goosehead Insurance	0.02%	Reduce −27.3%	61,317	$118.06	$7.2M	−22,993	−$1.8M
Insight Enterprises	0.02%	Add +1.7%	42,133	$149.99	$6.3M	+702	+$18K
CNM, Core & Main	0.02%	Reduce −7.9%	124,953	$48.31	$6M	−10,784	−$874K
Paylocity	0.02%	Add +9.2%	31,338	$187.34	$5.9M	+2,649	+$148K
PGNY, Progyny	0.02%, was 0.01%	Add +0.3%	261,506	$22.34	$5.8M	+798	+$1.3M
RMBS, Rambus	0.02%, was 0.01%	Add +9.9%	109,117	$51.77	$5.6M	+9,858	+$403K
VUG, Vanguard Index Funds	0.02%, was 0.04%	Reduce −62.6%	14,589	$370.82	$5.4M	−24,457	−$11M
LVS, Las Vegas Sands	0.02%	Reduce −9.8%	139,619	$38.63	$5.4M	−15,105	−$2.6M
Dlocal	0.02%	Add 0.0%	627,551	$8.34	$5.2M	+191	−$1.8M
HLI, Houlihan Lokey	0.02%	Reduce −10.3%	32,295	$161.50	$5.2M	−3,704	−$1M
FSV, Firstservice	0.02%	Reduce −9.5%	29,648	$165.95	$4.9M	−3,123	−$1M
CCC	0.02%	Reduce −28.6%	544,653	$9.03	$4.9M	−217,651	−$4M
AIT	0.01%	Add +14.0%	21,160	$225.34	$4.8M	+2,604	+$325K
TREX	0.01%	Add +39.9%	78,742	$58.10	$4.6M	+22,474	+$691K
YUMC, Yum China	0.01%	Add +0.1%	86,045	$52.06	$4.5M	+47	+$337K
ELF, E L F Beauty	0.01%	Add +12.8%	69,325	$62.79	$4.4M	+7,852	−$3.4M
GNRC, Generac	0.01%, was 0.02%	Reduce −24.8%	33,409	$126.65	$4.2M	−11,007	−$2.7M
BROS, Dutch Bros	0.01%	Reduce −35.1%	68,124	$61.74	$4.2M	−36,899	−$1.3M
RGEN, Repligen	0.01%, was 0.02%	Reduce −23.8%	30,902	$127.24	$3.9M	−9,654	−$1.9M
AAON	0.01%	Add +56.8%	49,466	$78.13	$3.9M	+17,909	+$151K
CATH, Global X Funds	0.01%	Add +12.0%	53,317	$67.54	$3.6M	+5,692	+$227K
Revolve Group	0.01%, was 0.03%	Reduce −47.4%	160,282	$21.49	$3.4M	−144,247	−$6.8M
CWAN	0.01%	Reduce −10.8%	124,892	$26.80	$3.3M	−15,137	−$507K
ACWX, iShares Trust	0.01%, was 0.05%	Reduce −84.5%	58,768	$55.45	$3.3M	−321,503	−$17M
WSC, Willscot	0.01%	Reduce −6.5%	116,917	$27.80	$3.3M	−8,107	−$932K
BDC, Belden	0.01%	Add +26.8%	30,665	$100.25	$3.1M	+6,483	+$351K
FN, Fabrinet	0.01%	Add +21.0%	15,249	$197.51	$3M	+2,644	+$240K
EPAM, EPAM Systems	0.01%	Add +22.7%	16,512	$168.84	$2.8M	+3,058	−$358K
TECH, Bio-Techne	0.01%	Add +123.1%	46,314	$58.63	$2.7M	+25,554	+$1.2M
IBP, Installed Building Products	0.01%	Reduce −0.6%	15,650	$171.46	$2.7M	−102	−$77K
WRBY, Warby Parker	0.01%, was 0.02%	Reduce −54.0%	147,071	$18.23	$2.7M	−172,751	−$5.1M
BL, Blackline	0.01%	Reduce −12.3%	55,099	$48.42	$2.7M	−7,692	−$1.1M
SITE, Siteone Landscape Supply	0.01%	Reduce −11.6%	21,338	$121.44	$2.6M	−2,802	−$590K
ROAD, Construction Partners	0.01%	Add +8.7%	34,795	$71.87	$2.5M	+2,786	−$331K
SGOV, iShares Trust	0.01%	Add +318.4%	23,299	$100.67	$2.3M	+17,730	+$1.8M
CRM, Salesforce	0.01%, was 0.02%	Reduce −57.8%	8,257	$268.37	$2.2M	−11,325	−$4.3M
QLYS, Qualys	0.01%	Reduce −10.5%	16,742	$125.93	$2.1M	−1,959	−$514K
KNSL, Kinsale Cap Group	0.01%	Reduce −5.6%	4,262	$486.71	$2.1M	−255	−$27K
IWM, iShares Russell 2000 ETF	0.01%	Add +3.5%	10,362	$199.49	$2.1M	+355	−$144K
POOL, Pool Corporation	0.01%	Reduce −5.8%	5,617	$318.35	$1.8M	−345	−$245K
BLD, Topbuild	0.00%	Reduce −5.5%	4,931	$304.95	$1.5M	−289	−$121K
VXUS, Vanguard International Equity Index	0.00%, was 0.01%	Reduce −59.1%	10,959	$115.95	$1.3M	−15,835	−$1.9M
DT, Dynatrace	0.00%	Reduce −7.9%	26,718	$47.15	$1.3M	−2,303	−$318K
Skillsoft	0.00%	Hold	57,172	$19.24	$1.1M	—	—
MORN, Morningstar	0.00%	Reduce −9.5%	3,534	$299.87	$1.1M	−372	−$256K
OLLI, Ollies Bargain Outlet	0.00%	Reduce −28.6%	8,998	$116.36	$1M	−3,605	−$336K
ENTG, Entegris	0.00%	Add +4.7%	11,539	$87.48	$1M	+513	−$83K
Lgi Homes	0.00%	Reduce −9.8%	14,523	$66.47	$965K	−1,577	−$474K
CIGI, Colliers International Group	0.00%	Reduce −3.6%	7,933	$121.30	$962K	−293	−$156K
AMN, Amn Healthcare Services	0.00%	Add +1.1%	38,564	$24.46	$943K	+422	+$31K
MKTX, Marketaxess	0.00%	Reduce −7.1%	4,046	$216.35	$875K	−311	−$110K
SPY, SPDR S&P 500 ETF Trust	0.00%, was 0.02%	Reduce −84.8%	1,448	$559.26	$810K	−8,091	−$4.8M
BWMN, Bowman Consulting Group	0.00%	Reduce −9.1%	35,417	$21.83	$773K	−3,551	−$199K
BSY, Bentley Systems	0.00%	Reduce −9.1%	19,464	$39.34	$766K	−1,943	−$234K
FND, Floor & Decor	0.00%	Reduce −8.9%	8,924	$80.47	$718K	−876	−$259K
ADSK, Autodesk	0.00%	Reduce −52.6%	2,455	$261.83	$643K	−2,719	−$886K
NTES, NetEase	0.00%	Reduce −8.4%	4,321	$102.92	$445K	−398	+$24K
PSTG, Pure Storage	0.00%	Reduce −9.8%	9,597	$44.27	$425K	−1,046	−$229K
Holding	0.00%	Reduce −67.4%	14,061	$29.25	$411K	−29,101	−$1.3M
NKE, Nike	0.00%	Reduce −54.4%	6,209	$63.48	$394K	−7,398	−$635K
PYPL, PayPal	0.00%	Reduce −33.6%	4,943	$65.25	$323K	−2,498	−$313K
IOO, iShares Trust	0.00%	Reduce −63.1%	2,474	$123.51	$306K	−4,234	−$370K
Karooooo	0.00%	Reduce −48.0%	6,899	$42.54	$293K	−6,374	−$306K
CLBT, Cellebrite Di	0.00%	Add +47.1%	14,849	$19.43	$289K	+4,754	+$66K

Showing top 50 of 111 by value

Exits / last held

Gone since 2024 Q4, shown at their last reported size.

Stock	% of portfolio	Recent activity	Reported price*	Value	Share change	$ change
UL, Unilever	0.04%	Exit	$56.70	$14M	−244,122	−$14M
YETI, Yeti Holdings	0.01%	Exit	$38.51	$3.8M	−98,057	−$3.8M
ALRM, Alarm	—	Exit	$60.81	$1.3M	−21,461	−$1.3M
FOXA, Fox	—	Exit	$30.26	$1.2M	−41,273	−$1.2M
BAH	—	Exit	$128.65	$1.1M	−8,900	−$1.1M
USHY, iShares Trust	—	Exit	$36.81	$968K	−26,300	−$968K
ALGN, Align Technology	—	Exit	$208.48	$939K	−4,504	−$939K
KB, KB Financial Group	—	Exit	$56.92	$827K	−14,529	−$827K
ETSY, ETSY Inc	—	Exit	$52.87	$795K	−15,037	−$795K
CRL, Charles River Labs International	—	Exit	$184.56	$784K	−4,248	−$784K
CALY, Topgolf Callaway Brands	—	Exit	$7.86	$656K	−83,466	−$656K
Copa	—	Exit	$87.89	$641K	−7,293	−$641K
KSPI, Kaspi KZ JSC	—	Exit	$94.69	$294K	−3,105	−$294K
FERG, Ferguson	—	Exit	$173.67	$215K	−1,238	−$215K

Filings history

20 periods, with AUM normalized

Newest 13Fs

Period	Holds	AUM	QoQ	Form	Filed	Filing ID
2026 Q2	219	$11.6B	−19.7%	13F-HR	8/4/2026	000117266126003035
2026 Q1	221	$14.5B	−38.3%	13F-HR	5/14/2026	000117266126001911
2025 Q4	234	$23.4B	−24.0%	13F-HR	2/12/2026	000117266126000654
2025 Q3	232	$30.8B	−5.5%	13F-HR	11/12/2025	000117266125004691
2025 Q2	240	$32.6B	+2.3%	13F-HR	8/13/2025	000117266125003133
2025 Q1	117	$31.8B	−14.0%	13F-HR	5/12/2025	000117266125001713
2024 Q4	124	$37B	−4.5%	13F-HR	2/10/2025	000117266125000623
2024 Q3	118	$38.7B	—	RESTATEMENT	2/10/2025	000117266125000622
2024 Q3	118	$38.7B	−2.8%	13F-HR	11/13/2024	000117266124004624
2024 Q2	110	$39.9B	−8.0%	13F-HR	8/12/2024	000117266124003233
2024 Q1	104	$43.3B	+4.4%	13F-HR	5/10/2024	000117266124002149
2023 Q4	107	$41.5B	—	RESTATEMENT	5/10/2024	000117266124002148
2023 Q4	107	$41.5B	—	RESTATEMENT	2/20/2024	000117266124001616
2023 Q4	107	$41.5B	+9.1%	13F-HR	2/13/2024	000117266124000776
2023 Q3	99	$38B	−5.7%	13F-HR	11/13/2023	000117266123003726
2023 Q2	100	$40.3B	+6.3%	13F-HR	8/11/2023	000117266123002916
2023 Q1	94	$37.9B	+10.7%	13F-HR	5/11/2023	000117266123002012
2022 Q4	93	$34.3B	−4.1%	13F-HR	2/13/2023	000117266123000805
2022 Q3	85	$35.8B	−5.7%	13F-HR	11/4/2022	000117266122002289
2022 Q2	84	$37.9B	−26.0%	13F-HR	8/10/2022	000117266122001764
2022 Q1	91	$51.3B	−13.9%	13F-HR	5/12/2022	000117266122001239
2021 Q4	92	$59.5B	+9.3%	13F-HR	2/11/2022	000117266122000331
2021 Q3	91	$54.5B	—	13F-HR	11/10/2021	000117266121002146

About

Polen Capital Management LLC

23 processed 13Fs on this site, 2021 Q3 to 2026 Q2

SEC filing name: POLEN CAPITAL MANAGEMENT LLC
Location: Boca Raton, FL
All SEC filings: View on sec.gov