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Quality growth

Polen Capital Management

Polen Capital Management, high-quality growth and global compounders

Polen Capital is an institution-first quality-growth manager. Its public materials are useful for understanding how the firm defines durable earnings growth, balance-sheet quality, high returns on capital, and the discipline to hold concentrated portfolios.

Sources Polen Capital Management official site SEC EDGAR profile
Quality growth CIK 1034524
2026-03-31 Latest 13F 20 Current holdings 38 Last 1 periods Change 2 Public materials
Latest 13F snapshot 2026-03-31 · 221 disclosed positions · $14.5B Top five 30.3%: MSFT, GOOG, LLY, AVGO, AMZN

Performance materials

  • Polen publishes strategy and fund materials. Official reports and factsheets are the best performance reference.

Firm and key people

  • Polen has built a long-running quality-growth process across US, global, and emerging-market strategies.
  • The firm publishes investment commentary that explains company quality and portfolio changes.
  • The 13F is useful for US-listed holdings but should be read with strategy materials.

Investment style

  • Prefer companies with durable growth, high returns on capital, strong balance sheets, and clear competitive advantages.
  • Portfolio concentration means position sizing reflects conviction and risk control.
  • Valuation matters, but quality and earnings durability drive the process.

Public materials

View timeline
Shareholder letters / memos 1
Interview 0
Public video 1
Public Q&A / speeches / presentations 0

Current holdings

13F period 2026-03-31 · Filed 2026-05-14
Stocks Shares Value Weight
MSFT 2,845,888 $1.1B 7.3%
GOOG 2,946,637 $845.3M 5.8%
LLY 914,557 $841.2M 5.8%
AVGO 2,697,567 $834.9M 5.8%
AMZN 3,896,739 $811.6M 5.6%
MA 1,541,388 $770.2M 5.3%
NOW 7,269,453 $760.0M 5.3%
SHOP 6,306,740 $748.1M 5.2%
V 2,445,760 $739.2M 5.1%
ORCL 5,024,257 $739.1M 5.1%
NVDA 4,104,247 $715.8M 5.0%
CSGP 12,570,368 $507.1M 3.5%
MSCI 929,509 $501.0M 3.5%
ZTS 4,223,076 $499.2M 3.5%
SBUX 5,055,488 $452.9M 3.1%
AON 1,354,053 $437.1M 3.0%
IDXX 695,811 $391.0M 2.7%
ABNB 2,273,747 $287.1M 2.0%
ISRG 606,826 $279.7M 1.9%
META 476,663 $272.7M 1.9%

Last 1 quarters US 13F new / increased / reduced / sold-out positions

As of 13F 2026-03-31 · Filed 2026-05-14
Last 1 quarters Last 2 quarters Last 3 quarters Last 4 quarters
Stocks Action 13F period Current shares Previous shares Share change 13F value change
AMZN Major reduction 2026-03-31 Filed 2026-05-14 3,896,739 8,653,721 -55.0% -$1.2B
MSFT Major reduction 2026-03-31 Filed 2026-05-14 2,845,888 3,909,985 -27.2% -$837.5M
ORCL Major reduction 2026-03-31 Filed 2026-05-14 5,024,257 7,185,496 -30.1% -$661.4M
LLY Major reduction 2026-03-31 Filed 2026-05-14 914,557 1,246,090 -26.6% -$498.0M
ABT Major reduction 2026-03-31 Filed 2026-05-14 15,081 3,962,230 -99.6% -$494.9M
ADBE Major reduction 2026-03-31 Filed 2026-05-14 11,868 1,345,588 -99.1% -$468.1M
MA Major reduction 2026-03-31 Filed 2026-05-14 1,541,388 2,131,727 -27.7% -$446.8M
V Major reduction 2026-03-31 Filed 2026-05-14 2,445,760 3,375,342 -27.5% -$444.6M
GOOG Major reduction 2026-03-31 Filed 2026-05-14 2,946,637 4,018,121 -26.7% -$415.6M
SHOP Minor reduction 2026-03-31 Filed 2026-05-14 6,306,740 7,201,872 -12.4% -$411.2M
AVGO Major reduction 2026-03-31 Filed 2026-05-14 2,697,567 3,531,637 -23.6% -$387.4M
BSX Major reduction 2026-03-31 Filed 2026-05-14 579,739 4,019,552 -85.6% -$346.9M
INTU Major reduction 2026-03-31 Filed 2026-05-14 19,853 512,656 -96.1% -$331.0M
PAYC Major reduction 2026-03-31 Filed 2026-05-14 30,831 1,835,028 -98.3% -$288.7M
NVDA Major reduction 2026-03-31 Filed 2026-05-14 4,104,247 5,328,112 -23.0% -$277.9M
META New 2026-03-31 Filed 2026-05-14 476,663 0 - +$272.7M
MSCI Major reduction 2026-03-31 Filed 2026-05-14 929,509 1,331,085 -30.2% -$262.7M
IDXX Major reduction 2026-03-31 Filed 2026-05-14 695,811 960,537 -27.6% -$258.9M
ACN Major reduction 2026-03-31 Filed 2026-05-14 1,354,748 1,882,707 -28.0% -$236.5M
LRCX New 2026-03-31 Filed 2026-05-14 1,054,495 0 - +$225.3M
AON Major reduction 2026-03-31 Filed 2026-05-14 1,354,053 1,846,294 -26.7% -$214.5M
ZTS Major reduction 2026-03-31 Filed 2026-05-14 4,223,076 5,562,669 -24.1% -$200.7M
ISRG Major reduction 2026-03-31 Filed 2026-05-14 606,826 842,618 -28.0% -$197.5M
IWF Major reduction 2026-03-31 Filed 2026-05-14 406,863 776,086 -47.6% -$193.8M
CSGP Major increase 2026-03-31 Filed 2026-05-14 12,570,368 4,890,936 157.0% +$178.2M
SNPS Major reduction 2026-03-31 Filed 2026-05-14 671,233 844,881 -20.6% -$130.7M
ABNB Major reduction 2026-03-31 Filed 2026-05-14 2,273,747 3,030,730 -25.0% -$124.2M
SBUX Major reduction 2026-03-31 Filed 2026-05-14 5,055,488 6,785,308 -25.5% -$118.5M
ROL New 2026-03-31 Filed 2026-05-14 2,177,678 0 - +$116.3M
NOW Major increase 2026-03-31 Filed 2026-05-14 7,269,453 5,680,788 28.0% -$110.2M
UBER Major reduction 2026-03-31 Filed 2026-05-14 2,917,928 3,565,793 -18.2% -$81.5M
SAP Major reduction 2026-03-31 Filed 2026-05-14 66,674 233,332 -71.4% -$45.3M
ACWI Major reduction 2026-03-31 Filed 2026-05-14 306,415 610,133 -49.8% -$43.9M
MELI Major reduction 2026-03-31 Filed 2026-05-14 34,452 47,920 -28.1% -$37.0M
SPOT Major increase 2026-03-31 Filed 2026-05-14 107,429 71,658 49.9% +$10.5M
ASML Major increase 2026-03-31 Filed 2026-05-14 16,072 11,195 43.6% +$9.3M
TSM Minor reduction 2026-03-31 Filed 2026-05-14 174,686 200,593 -12.9% -$1.9M
NU Minor increase 2026-03-31 Filed 2026-05-14 1,217,238 1,157,836 5.1% -$1.9M

Public video / Interview / Shareholder letter / Public Q&A

2 reliable public materials
Shareholder letter / fund letter

Polen Capital Focus Growth Commentary

Polen Focus Growth's official strategy page and commentary material showcase its high-quality growth stock framework, portfolio concentration, and approach to communicating long-term performance.

  • Polen's public filings emphasize high quality, sustainable growth, a strong balance sheet and returns on capital.
  • Focus Growth commentary is appropriate to explain why the Polen portfolio is long-term concentrated in software, payments, medical tools, and platform-based companies.
  • The official strategy page is a reliable entrance for subsequent updates and is more suitable for investors to view than third-party fund databases.
  • The data can be viewed together with 13F's MSFT, AMZN, GOOGL, V, MA and other positions, but the strategy page cannot be equated with the current position.
  • This material allows institutional logo-type investors to have public access to their views, instead of only displaying the position list.
Public video

Polen Capital Insights and Webinars

Polen's official insights page centrally publishes comments, webinars and investment opinions, and can continuously track its public videos, interviews and public opinions.

  • The insights page continuously tracks Polen's public expressions of high-quality growth, valuations, interest rates, and industry changes.
  • Compared with one-time articles, the official page can continuously present Polen's public opinions and update rhythm.
  • page is useful to consumers because it brings together portfolio manager perspectives and strategic education content.
  • Polen's public views generally do not pursue short-term catalysts, but instead emphasize corporate quality and multi-year compounding.
  • This information is complementary to the Focus Growth strategy page. One looks at the strategy and the other looks at the update rhythm.