Polen Capital Management: 13F holdings, Q2 2026
Quality compounder · SEC EDGAR filings (CIK 0001034524) · Explore on the interactive board
Polen Capital Management disclosed 219 US equity positions worth $11.6bn in its Q2 2026 13F filing (holdings as of June 30, 2026, filed August 4, 2026). Its largest position is LLY at 6.9% of the reported book, followed by NVDA, MSFT. The top ten holdings are 58.7% of the book, and the portfolio behaves like about 23 equal-weight positions. Versus the prior filing it opened 68 new positions, added to 62, reduced 87 and exited 25.
$11.6bnreported US equity book
219positions
6.9%largest position
58.7%top 10 weight
22.65effective positions (1/HHI)
110quarters on file since Q1 1999
What does Polen Capital Management own? Top holdings as of June 30, 2026
Change is measured in shares against the previous filing (Q1 2026), so price moves do not read as decisions. This quarter: 68 new, 62 added, 87 reduced, 25 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | LLY ELI LILLY & CO | Healthcare | 6.9% | $799.9m | 666,912 | -27% | reduced |
| 2 | NVDA NVIDIA CORPORATION | Technology | 6.9% | $796.0m | 3,978,446 | -3% | reduced |
| 3 | MSFT MICROSOFT CORP | Technology | 6.7% | $782.8m | 2,098,613 | -26% | reduced |
| 4 | GOOG ALPHABET INC | Communication Services | 6.6% | $765.0m | 2,165,218 | -27% | reduced |
| 5 | AVGO BROADCOM INC | Technology | 6.4% | $740.5m | 1,960,209 | -27% | reduced |
| 6 | AMZN AMAZON COM INC | Consumer Cyclical | 5.8% | $669.7m | 2,809,953 | -28% | reduced |
| 7 | V VISA INC | Financial Services | 5.3% | $619.5m | 1,805,617 | -26% | reduced |
| 8 | MA MASTERCARD INCORPORATED | Financial Services | 5.1% | $586.5m | 1,141,958 | -26% | reduced |
| 9 | NOW SERVICENOW INC | Technology | 4.6% | $533.2m | 5,370,172 | -26% | reduced |
| 10 | ORCL ORACLE CORP | Technology | 4.5% | $523.8m | 3,574,259 | -29% | reduced |
| 11 | SHOP SHOPIFY INC | Technology | 4.5% | $522.7m | 4,577,524 | -27% | reduced |
| 12 | MSCI MSCI INC | Financial Services | 3.2% | $376.2m | 671,797 | -28% | reduced |
| 13 | LRCX LAM RESEARCH CORP | Technology | 3.2% | $372.2m | 859,036 | -19% | reduced |
| 14 | SBUX STARBUCKS CORP | Consumer Cyclical | 3.1% | $362.9m | 3,550,773 | -30% | reduced |
| 15 | IDXX IDEXX LABS INC | Healthcare | 2.4% | $280.3m | 532,384 | -23% | reduced |
| 16 | GE GE AEROSPACE | Industrials | 2.2% | $258.1m | 690,493 | – | new |
| 17 | CSGP COSTAR GROUP INC | Real Estate | 2.1% | $248.1m | 8,759,314 | -30% | reduced |
| 18 | TSM TAIWAN SEMICONDUCTOR MANUFAC | Technology | 2.1% | $239.4m | 501,210 | 187% | added |
| 19 | ABNB AIRBNB INC | Consumer Cyclical | 2.0% | $236.1m | 1,649,884 | -27% | reduced |
| 20 | GEV GE VERNOVA INC | Industrials | 2.0% | $231.0m | 196,612 | – | new |
| 21 | META META PLATFORMS INC | Communication Services | 1.6% | $185.6m | 329,573 | -31% | reduced |
| 22 | ISRG INTUITIVE SURGICAL INC | Healthcare | 1.5% | $178.1m | 447,944 | -26% | reduced |
| 23 | ATI ATI INC | Industrials | 1.4% | $161.5m | 819,236 | – | new |
| 24 | HWM HOWMET AEROSPACE INC | Industrials | 1.1% | $122.9m | 457,124 | – | new |
| 25 | EME EMCOR GROUP INC | Industrials | 0.7% | $85.6m | 103,123 | – | new |
| 26 | ISHARES TR | 0.7% | $76.2m | 613,639 | 51% | added | |
| 27 | ROL ROLLINS INC | Consumer Cyclical | 0.6% | $66.4m | 1,590,903 | -27% | reduced |
| 28 | AON AON PLC | Financial Services | 0.5% | $54.4m | 164,035 | -88% | reduced |
| 29 | MELI MERCADOLIBRE INC | Consumer Cyclical | 0.4% | $44.0m | 25,926 | -25% | reduced |
| 30 | UBER UBER TECHNOLOGIES INC | Technology | 0.4% | $41.1m | 570,063 | -80% | reduced |
| 31 | SPOT SPOTIFY TECHNOLOGY S A | Communication Services | 0.3% | $37.5m | 81,578 | -24% | reduced |
| 32 | ASML ASML HLDG NV | Technology | 0.3% | $30.7m | 15,427 | -4% | reduced |
| 33 | ZTS ZOETIS INC | Healthcare | 0.2% | $23.0m | 320,420 | -92% | reduced |
| 34 | ACCENTURE PLC IRELAND | 0.2% | $19.0m | 152,800 | -89% | reduced | |
| 35 | ISHARES TR | 0.2% | $18.9m | 120,540 | -61% | reduced | |
| 36 | SNPS SYNOPSYS INC | Technology | 0.2% | $18.4m | 41,267 | -94% | reduced |
| 37 | DOCN DIGITALOCEAN HLDGS INC | Technology | 0.1% | $15.9m | 101,350 | 5% | added |
| 38 | WULF TERAWULF INC | Financial Services | 0.1% | $13.9m | 563,139 | 429% | added |
| 39 | CECO CECO ENVIRONMENTAL CORP | Industrials | 0.1% | $12.5m | 137,977 | -4% | reduced |
| 40 | BE BLOOM ENERGY CORP | Industrials | 0.1% | $12.4m | 40,838 | -39% | reduced |
| 41 | BELFB BEL FUSE INC | Technology | 0.1% | $10.9m | 32,845 | -24% | reduced |
| 42 | NU NU HLDGS LTD | Financial Services | 0.1% | $10.1m | 752,747 | -38% | reduced |
| 43 | GOOGL ALPHABET INC | Communication Services | 0.1% | $9.9m | 27,810 | -1% | reduced |
| 44 | LASR NLIGHT INC | Technology | 0.1% | $9.3m | 133,448 | 49% | added |
| 45 | FROG JFROG LTD | Technology | 0.1% | $8.5m | 93,117 | 360% | added |
| 46 | POWL POWELL INDS INC | Industrials | 0.1% | $8.4m | 29,181 | 67% | added |
| 47 | AGX ARGAN INC | Industrials | 0.1% | $8.2m | 10,214 | -43% | reduced |
| 48 | MOD MODINE MFG CO | Consumer Cyclical | 0.1% | $7.8m | 29,335 | 1% | added |
| 49 | YOU CLEAR SECURE INC | Technology | 0.1% | $7.3m | 131,773 | -10% | reduced |
| 50 | BKD BROOKDALE SR LIVING INC | Healthcare | 0.1% | $7.3m | 451,082 | 7% | added |
What did Polen Capital Management sell? Positions exited since the previous filing
| Stock | Prior weight | Prior value |
|---|---|---|
| INTU INTUIT | 8.8% | $8.6m |
| FSLY FASTLY INC | 7.1% | $6.9m |
| ISHARES TR | 5.6% | $5.4m |
| MDT MEDTRONIC PLC | 5.4% | $5.3m |
| EWT ISHARES INC | 5.3% | $5.2m |
| WGS GENEDX HOLDINGS CORP | 5.1% | $5.0m |
| PAYC PAYCOM SOFTWARE INC | 3.8% | $3.7m |
| FIGR FIGURE TECHNOLOGY SOLUTIO | 3.7% | $3.6m |
| KRMN KARMAN HLDGS INC | 3.6% | $3.5m |
| CORPORACION AMER ARPTS S A | 2.8% | $2.7m |
| KTOS KRATOS DEFENSE & SEC SOLUTIO | 2.1% | $2.1m |
| IRMD IRADIMED CORP | 2.0% | $2.0m |
| CELC CELCUITY INC | 2.0% | $2.0m |
| METC RAMACO RES INC | 1.9% | $1.8m |
| FIGS FIGS INC | 1.8% | $1.8m |
| SHAK SHAKE SHACK INC | 1.7% | $1.7m |
| IRSA INVERSIONES Y REP S A | 1.6% | $1.5m |
| AX AXOS FINANCIAL INC | 1.5% | $1.4m |
| NUVALENT INC | 1.3% | $1.3m |
| ESQUIRE FINL HLDGS INC | 1.3% | $1.3m |
| DNLI DENALI THERAPEUTICS INC | 1.3% | $1.3m |
| CRCL CIRCLE INTERNET GROUP INC | 1.3% | $1.2m |
| IONQ IONQ INC | 1.2% | $1.2m |
| IE IVANHOE ELECTRIC INC | 1.2% | $1.1m |
| SGOV ISHARES TR | 1.2% | $1.1m |
Sector mix
| Sector | Weight |
|---|---|
| Technology | 40.8% |
| Financial Services | 14.5% |
| Consumer Cyclical | 12.2% |
| Healthcare | 11.5% |
| Communication Services | 8.8% |
| Industrials | 8.3% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
| Quarter | Positions | Equity value |
|---|---|---|
| Q2 2026 | 219 | $11.6bn |
| Q1 2026 | 221 | $14.5bn |
| Q4 2025 | 231 | $23.4bn |
| Q3 2025 | 232 | $30.8bn |
| Q2 2025 | 240 | $32.6bn |
| Q1 2025 | 117 | $31.8bn |
| Q4 2024 | 124 | $37.0bn |
| Q3 2024 | 118 | $38.7bn |
| Q2 2024 | 110 | $39.9bn |
| Q1 2024 | 104 | $43.3bn |
| Q4 2023 | 107 | $41.5bn |
| Q3 2023 | 99 | $38.0bn |
| Q2 2023 | 100 | $40.3bn |
| Q1 2023 | 94 | $37.9bn |
| Q4 2022 | 93 | $34.3bn |
| Q3 2022 | 85 | $35.8bn |
Earliest filing: Q1 1999 · 110 quarters on file
How concentrated is Polen Capital Management's portfolio?
Across every quarter Polen Capital Management has filed, its median largest position is 9.0% of the book and its median top-ten weight is 65.1%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 506 completed holding spells, the median lasted 3.5 quarters; 219 positions are still open and their final length is unknown.