POLEN CAPITAL MANAGEMENT LLC

Long only active ★Signal CIK 1034524
League rank
#13
in Long only active · #6292 overall
Long book
$14.46B
Q1 2026
Positions
221
Top-10 weight
56%
concentration
Last quarter
+8.3%
SPY +14.8%
Turnover
49%
of book per quarter

Strategy in plain words

auto-generated from filings

POLEN CAPITAL MANAGEMENT LLC is an active long-only manager, running a $14.46B US long book across 221 positions.

The portfolio is concentrated: the top 10 names carry 56% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: MICROSOFT CORP, ALPHABET INC-CL C, ELI LILLY & CO, BROADCOM INC, AMAZON.COM INC.

Over the last 9 quarters its long book ran on average 3.8pp per quarter behind the S&P 500, beating the index in 1 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+0.3%
Q2 2024
+3.4%
Q3 2024
+4.9%
Q4 2024
-6.4%
Q1 2025
+9.2%
Q2 2025
+3.7%
Q3 2025
-1.6%
Q4 2025
-15.8%
Q1 2026
+8.3%

Sector allocation

Technology
45%
Services media
25%
Healthcare
12%
Consumer discretionary
9%
Financials
3%
Materials
3%
Industrials
3%
Communications
0%

Long book by quarter

$43.29B
Q1 2024
$39.86B
Q2 2024
$38.74B
Q3 2024
$37.01B
Q4 2024
$31.85B
Q1 2025
$32.59B
Q2 2025
$30.80B
Q3 2025
$23.42B
Q4 2025
$14.46B
Q1 2026

What does POLEN CAPITAL own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
MSFT MICROSOFT CORPTechnology2.8M$1.05B7.3%-27.2%
GOOG ALPHABET INC-CL CTechnology2.9M$845.3M5.8%-26.7%
LLY ELI LILLY & COHealthcare914.6K$841.2M5.8%-26.6%
AVGO BROADCOM INCTechnology2.7M$834.9M5.8%-23.6%
AMZN AMAZON.COM INCConsumer discretionary3.9M$811.6M5.6%-55.0%
MA MASTERCARD INC - AServices media1.5M$770.2M5.3%-27.7%
NOW SERVICENOW INCTechnology7.3M$760.0M5.3%+28.0%
SHOP SHOPIFY INC - CLASS ATechnology6.3M$748.1M5.2%-12.4%
V VISA INC-CLASS A SHARESServices media2.4M$739.2M5.1%-27.5%
ORCL ORACLE CORPTechnology5.0M$739.1M5.1%-30.1%
NVDA NVIDIA CORPTechnology4.1M$715.8M5.0%-23.0%
CSGP COSTAR GROUP INCServices media12.6M$507.1M3.5%+157.0%
MSCI MSCI INCServices media929.5K$501.0M3.5%-30.2%
ZTS ZOETIS INCHealthcare4.2M$499.2M3.5%-24.1%
SBUX STARBUCKS CORPConsumer discretionary5.1M$452.9M3.1%-25.5%
AON AON PLC-CLASS AFinancials1.4M$437.1M3.0%-26.7%
IDXX IDEXX LABORATORIES INCMaterials695.8K$391.0M2.7%-27.6%
ABNB AIRBNB INC-CLASS AServices media2.3M$287.1M2.0%-25.0%
ISRG INTUITIVE SURGICAL INCHealthcare606.8K$279.7M1.9%-28.0%
META META PLATFORMS INC-CLASS ATechnology476.7K$272.7M1.9%New
ACN ACCENTURE PLC-CL AServices media1.4M$268.6M1.9%-28.0%
SNPS SYNOPSYS INCTechnology671.2K$266.1M1.8%-20.6%
LRCX LAM RESEARCH CORPIndustrials1.1M$225.3M1.6%New
UBER UBER TECHNOLOGIES INCServices media2.9M$209.9M1.5%-18.2%
ROL ROLLINS INCServices media2.2M$116.3M0.8%New
MELI MERCADOLIBRE INCServices media34.5K$59.6M0.4%-28.1%
SPOT SPOTIFY TECHNOLOGY SACommunications107.4K$52.1M0.4%+49.9%
BSX BOSTON SCIENTIFIC CORPHealthcare579.7K$36.4M0.3%-85.6%
ASML ASML HOLDING NV-NY REG SHSIndustrials16.1K$21.2M0.1%+43.6%
NU NU HOLDINGS LTD/CAYMAN ISL-AFinancials1.2M$17.5M0.1%+5.1%
AGX ARGAN INCIndustrials18.0K$9.8M0.1%-27.7%
POWL POWELL INDUSTRIES INCIndustrials17.5K$9.5M0.1%-14.0%
BE BLOOM ENERGY CORP- AIndustrials67.2K$9.1M0.1%-10.9%
INTU INTUIT INCTechnology19.9K$8.6M0.1%-96.1%
BELFB BEL FUSE INC-CL BTechnology43.3K$8.6M0.1%+92.4%
CECO CECO ENVIRONMENTAL CORPIndustrials143.2K$8.5M0.1%+105.3%
DOCN DIGITALOCEAN HOLDINGS INCTechnology96.2K$8.3M0.1%New
GOOGL ALPHABET INC-CL ATechnology28.2K$8.1M0.1%-8.6%
NFLX NETFLIX INCServices media83.3K$8.0M0.1%-52.1%
BWXT BWX TECHNOLOGIES INCIndustrials38.1K$7.8M0.1%+17.9%
VSEC VSE CORPServices media42.0K$7.8M0.1%+22.2%
AMPX AMPRIUS TECHNOLOGIES INCTechnology422.1K$7.1M0.0%+46.4%
YOU CLEAR SECURE INC -CLASS ATechnology145.9K$7.1M0.0%+271.0%
FSLY FASTLY INC - CLASS ATechnology238.5K$6.9M0.0%New
MOD MODINE MANUFACTURING COIndustrials29.0K$6.3M0.0%+103.0%
PL PLANET LABS PBCTechnology213.9K$6.0M0.0%+91.8%
DLO DLOCAL LTDServices media458.9K$6.0M0.0%-1.7%
BKD BROOKDALE SENIOR LIVING INCHealthcare420.4K$5.8M0.0%+109.6%
IESC IES HOLDINGS INCIndustrials12.0K$5.7M0.0%+9.2%
SPHR SPHERE ENTERTAINMENT COServices media48.3K$5.7M0.0%+102.7%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 14, 2026221$14.46B canonicalSEC ↗
Q4 202513F-HRFeb 12, 2026234$23.42B canonicalSEC ↗
Q3 202513F-HRNov 12, 2025232$30.80B canonicalSEC ↗
Q2 202513F-HRAug 13, 2025240$32.59B canonicalSEC ↗
Q1 202513F-HRMay 12, 2025117$31.85B canonicalSEC ↗
Q4 202413F-HRFeb 10, 2025124$37.01B canonicalSEC ↗
Q3 202413F-HR/ARESTATEMENTFeb 10, 2025118$38.74B canonicalSEC ↗
Q3 202413F-HRNov 13, 2024118$38.74B SEC ↗
Q2 202413F-HRAug 12, 2024110$39.86B canonicalSEC ↗
Q1 202413F-HRMay 10, 2024104$43.32B canonicalSEC ↗