1y return−9.0%S&P 500 +20.9%
3y return+21.5%S&P 500 +68.5%
5y return+3.8%S&P 500 +74.5%
10y return+225.2%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $325 against $357 in the S&P 500.2
Polen Capital Management LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| LLYEli Lilly & Co | $799.9M | 6.9% | −27.1% |
| NVDANvidia Corporation | $796.0M | 6.9% | −3.1% |
| MSFTMicrosoft Corp | $782.8M | 6.7% | −26.3% |
| GOOGAlphabet Inc | $765.0M | 6.6% | −26.5% |
| AVGOBroadcom Inc | $740.5M | 6.4% | −27.3% |
| AMZNAmazon Com Inc | $669.7M | 5.8% | −27.9% |
| VVisa Inc | $619.5M | 5.3% | −26.2% |
| MAMastercard Incorporated | $586.5M | 5.1% | −25.9% |
| NOWServicenow Inc | $533.2M | 4.6% | −26.1% |
| ORCLOracle Corp | $523.8M | 4.5% | −28.9% |
| SHOPShopify Inc | $522.7M | 4.5% | −27.4% |
| MSCIMsci Inc | $376.2M | 3.2% | −27.7% |
| LRCXLam Research Corp | $372.2M | 3.2% | −18.5% |
| SBUXStarbucks Corp | $362.9M | 3.1% | −29.8% |
| IDXXIdexx Labs Inc | $280.3M | 2.4% | −23.5% |
| GEGe Aerospace | $258.1M | 2.2% | New |
| CSGPCostar Group Inc | $248.1M | 2.1% | −30.3% |
| TSMTaiwan Semiconductor Manufac | $239.4M | 2.1% | +186.9% |
| ABNBAirbnb Inc | $236.1M | 2.0% | −27.4% |
| GEVGe Vernova Inc | $231.0M | 2.0% | New |
| METAMeta Platforms Inc | $185.6M | 1.6% | −30.9% |
| ISRGIntuitive Surgical Inc | $178.1M | 1.5% | −26.2% |
| ATIAti Inc | $161.5M | 1.4% | New |
| HWMHowmet Aerospace Inc | $122.9M | 1.1% | New |
| EMEEmcor Group Inc | $85.6M | 0.7% | New |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| GOOGAlphabet Inc | June 30, 2020 | +399.9% | $765.0M |
| CECOCeco Environmental Corp | June 30, 2025 | +220.5% | $12.5M |
| Asml Hldg NvCUSIP N07059210 | June 30, 2021 | +188.0% | $30.7M |
| IWFIshares Tr | June 30, 2020 | +158.7% | $76.2M |
| LLYEli Lilly & Co | September 30, 2023 | +123.3% | $799.9M |
| LRCXLam Research Corp | March 31, 2026 | +102.8% | $372.2M |
| MSFTMicrosoft Corp | June 30, 2020 | +83.3% | $782.8M |
| DOCNDigitalocean Hldgs Inc | March 31, 2026 | +83.1% | $15.9M |
| VVisa Inc | June 30, 2020 | +77.6% | $619.5M |
| MAMastercard Incorporated | June 30, 2020 | +73.7% | $586.5M |
Sold off last quarter
- INTUIntuit was $8.6M
- FSLYFastly Inc was $6.9M
- MCHIIshares Tr was $5.4M
- Medtronic PLCCUSIP G5960L103 was $5.3M
- EWTIshares Inc was $5.2M
- WGSGenedx Holdings Corp was $5.0M
- PAYCPaycom Software Inc was $3.7M
- FIGRFigure Technology Solutio was $3.6M
- KRMNKarman Hldgs Inc was $3.5M
- Corporacion Amer Arpts S ACUSIP L1995B107 was $2.7M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +6.4% | +14.8% |
| March 31, 2026 | −15.9% | −4.6% |
| December 31, 2025 | −1.7% | +2.4% |
| September 30, 2025 | +3.5% | +7.8% |
| June 30, 2025 | +9.0% | +10.5% |
| March 31, 2025 | −6.5% | −4.6% |
| December 31, 2024 | +4.8% | +2.1% |
| September 30, 2024 | +3.3% | +5.4% |
| June 30, 2024 | +0.1% | +4.0% |
| March 31, 2024 | +8.7% | +10.0% |
| December 31, 2023 | +15.1% | +11.2% |
| September 30, 2023 | −3.3% | −3.6% |
| June 30, 2023 | +10.4% | +8.3% |
| March 31, 2023 | +14.1% | +7.0% |
| December 31, 2022 | +1.6% | +7.1% |
| September 30, 2022 | −5.9% | −5.3% |
| June 30, 2022 | −23.5% | −16.5% |
| March 31, 2022 | −13.9% | −4.9% |
| December 31, 2021 | +5.4% | +10.7% |
| September 30, 2021 | +2.1% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Polen Capital Management LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1034524&type=13F-HR&dateb=&owner=include&count=40CIK 1034524
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1034524/000117266126003035/Filed August 4, 2026 · accession 0001172661-26-003035