WhaleCreep

Polen Capital 13F holdings, Q2 2026

Long-only investorSEC filingsCompare with another fundHoldings as of 2026-06-30, filed 2026-08-04

Polen Capital disclosed 219 US equity positions worth $11.6bn in its Q2 2026 13F filing. Its largest position is LLY at 6.9% of the reported book, followed by NVDA and MSFT. Versus Q1 2026 it opened 68 new positions, added to 62, reduced 87 and exited 70.

$11.6bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
219
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
6.9%
Largest position
The largest single position as a share of the reported equity book.
58.7%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
23
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
110
Quarters on file since Q1 1999
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q1 2026: 68 new, 62 added, 87 reduced, 70 exited

50 of 219
LLY ELI LILLY & COHealthcare6.9%$800m666,912−27%reduced
NVDA NVIDIA CORPORATIONTechnology6.9%$796m3.98m−3.1%reduced
MSFT MICROSOFT CORPTechnology6.7%$783m2.10m−26%reduced
GOOG ALPHABET INCCommunication Services6.6%$765m2.17m−27%reduced
AVGO BROADCOM INCTechnology6.4%$740m1.96m−27%reduced
AMZN AMAZON COM INCConsumer Cyclical5.8%$670m2.81m−28%reduced
V VISA INCFinancial Services5.3%$619m1.81m−26%reduced
MA MASTERCARD INCFinancial Services5.1%$587m1.14m−26%reduced
NOW SERVICENOW INCTechnology4.6%$533m5.37m−26%reduced
ORCL ORACLE CORPTechnology4.5%$524m3.57m−29%reduced
SHOP SHOPIFY INCTechnology4.5%$523m4.58m−27%reduced
MSCI MSCI INCFinancial Services3.2%$376m671,797−28%reduced
LRCX LAM RESEARCH CORPTechnology3.2%$372m859,036−19%reduced
SBUX STARBUCKS CORPConsumer Cyclical3.1%$363m3.55m−30%reduced
IDXX IDEXX LABS INCHealthcare2.4%$280m532,384−23%reduced
GE GENERAL ELECTRIC COIndustrials2.2%$258m690,493–new
CSGP COSTAR GROUP INCReal Estate2.1%$248m8.76m−30%reduced
TSM TAIWAN SEMICONDUCTOR MANUFACTechnology2.1%$239m501,210+187%added
ABNB AIRBNB INCConsumer Cyclical2.0%$236m1.65m−27%reduced
GEV GE VERNOVA LLCIndustrials2.0%$231m196,612–new
META META PLATFORMS INCCommunication Services1.6%$186m329,573−31%reduced
ISRG INTUITIVE SURGICAL INCHealthcare1.5%$178m447,944−26%reduced
ATI ATI INCIndustrials1.4%$161m819,236–new
HWM HOWMET AEROSPACE INCIndustrials1.1%$123m457,124–new
EME EMCOR GROUP INCIndustrials0.7%$85.6m103,123–new
IWF ISHARES TR–0.7%$76.2m613,639+51%added
ROL ROLLINS INCConsumer Cyclical0.6%$66.4m1.59m−27%reduced
AON AON PLCFinancial Services0.5%$54.4m164,035−88%reduced
MELI MERCADOLIBREConsumer Cyclical0.4%$44.0m25,926−25%reduced
UBER UBER TECHNOLOGIES INCTechnology0.4%$41.1m570,063−80%reduced
SPOT SPOTIFY TECHNOLOGY S ACommunication Services0.3%$37.5m81,578−24%reduced
ASML ASML HLDG NVTechnology0.3%$30.7m15,427−4.0%reduced
ZTS ZOETIS INCHealthcare0.2%$23.0m320,420−92%reduced
ACCENTURE PLC IRELAND no ticker–0.2%$19.0m152,800−89%reduced
ACWI ISHARES TR–0.2%$18.9m120,540−61%reduced
SNPS SYNOPSYS INCTechnology0.2%$18.4m41,267−94%reduced
DOCN DIGITALOCEAN HLDGS INCTechnology0.1%$15.9m101,350+5.3%added
WULF TERAWULF INCFinancial Services0.1%$13.9m563,139+429%added
CECO CECO ENVIRONMENTAL CORPIndustrials0.1%$12.5m137,977−3.7%reduced
BE BLOOM ENERGY CORPIndustrials0.1%$12.4m40,838−39%reduced
BELFB BEL FUSE INCTechnology0.09%$10.9m32,845−24%reduced
NU NU HLDGS LTDFinancial Services0.09%$10.1m752,747−38%reduced
GOOGL ALPHABET INCCommunication Services0.09%$9.9m27,810−1.4%reduced
LASR NLIGHT INCTechnology0.08%$9.3m133,448+49%added
FROG JFROG LTDTechnology0.07%$8.5m93,117+360%added
POWL POWELL INDS INCIndustrials0.07%$8.4m29,181+67%added
AGX ARGAN INCIndustrials0.07%$8.2m10,214−43%reduced
MOD MODINE MFG COConsumer Cyclical0.07%$7.8m29,335+1.0%added
YOU CLEAR SECURE INCTechnology0.06%$7.3m131,773−9.7%reduced
BKD BROOKDALE SR LIVING INCHealthcare0.06%$7.3m451,082+7.3%added

Exited since Q1 2026

70 rows
INTU INTUIT0.06%$8.6m
FSLY FASTLY INC0.05%$6.9m
MCHI ISHARES TR0.04%$5.4m
MDT Medtronic Plc0.04%$5.3m
EWT ISHARES INC0.04%$5.2m
WGS GENEDX HOLDINGS CORP0.03%$5.0m
PAYC PAYCOM SOFTWARE INC0.03%$3.7m
FIGR FIGURE TECHNOLOGY SOLUTIO0.02%$3.6m
KRMN KARMAN HLDGS INC0.02%$3.5m
CORPORACION AMER ARPTS S A no ticker0.02%$2.7m
KTOS KRATOS DEFENSE & SEC SOLUTIO0.01%$2.1m
IRMD IRADIMED CORP0.01%$2.0m
CELC CELCUITY INC0.01%$2.0m
METC RAMACO RES INC0.01%$1.8m
FIGS FIGS INC0.01%$1.8m
SHAK SHAKE SHACK INC0.01%$1.7m
IRS IRSA INVERSIONES Y REP S A0.01%$1.5m
AX AXOS FINANCIAL INC0.01%$1.4m
NUVLEUR NUVALENT INC0.01%$1.3m
ESQ ESQUIRE FINL HLDGS INC0.01%$1.3m
DNLI DENALI THERAPEUTICS INC0.01%$1.3m
CRCL CIRCLE INTERNET GROUP INC0.01%$1.2m
IONQ IONQ INC0.01%$1.2m
IE IVANHOE ELECTRIC INC0.01%$1.1m
SGOV ISHARES TR0.01%$1.1m
SION SIONNA THERAPEUTICS INC0.01%$1.1m
STRL STERLING INFRASTRUCTURE INC0.01%$1.0m
CPF CENTRAL PAC FINL CORP0.01%$1.0m
XMTR XOMETRY INC0.01%$1.0m
FLR FLUOR CORP0.01%$980k
WINA WINMARK CORP0.01%$976k
HCI HCI GROUP INC0.01%$944k
LRN STRIDE INC0.01%$932k
KTB KONTOOR BRANDS INC0.01%$927k
CANTOR EQUITY PARTNERS II IN no ticker0.01%$902k
ARLO ARLO TECHNOLOGIES INC0.01%$835k
BKSY BLACKSKY TECHNOLOGY INC0.01%$771k
TMDX TRANSMEDICS GROUP INC0.01%$738k
FLY FIREFLY AEROSPACE INC0.01%$726k
DAVE DAVE INC0.0%$674k
ONCE UPON A FARM PBC no ticker0.0%$664k
HDB HDFC BANK LTD0.0%$595k
GPGI GPGI INC0.0%$571k
BETR BETTER HOME & FINANCE HOLDIN0.0%$568k
ORN ORION GROUP HLDGS INC0.0%$537k
LMND LEMONADE INC0.0%$515k
ANIP ANI PHARMACEUTICALS INC0.0%$493k
8TG THERMON GROUP HLDGS INC0.0%$477k
MTW MANITOWOC CO INC0.0%$465k
MIR MIRION TECHNOLOGIES INC0.0%$463k

Sector mix

  • Technology40.8%
  • Financial Services14.5%
  • Consumer Cyclical12.2%
  • Healthcare11.6%
  • Communication Services8.8%
  • Industrials8.4%
  • Real Estate2.2%
  • Unclassified1.4%
  • Energy0.1%
  • Basic Materials0.01%
  • Consumer Defensive0.01%
  • Utilities0.0%

Book over time

Every quarter on file (110)
QuarterPositionsEquity book
Q2 2026219$11.6bn
Q1 2026221$14.5bn
Q4 2025231$23.4bn
Q3 2025232$30.8bn
Q2 2025240$32.6bn
Q1 2025117$31.8bn
Q4 2024124$37.0bn
Q3 2024118$38.7bn
Q2 2024110$39.9bn
Q1 2024104$43.3bn
Q4 2023107$41.5bn
Q3 202399$38.0bn
Q2 2023100$40.3bn
Q1 202394$37.9bn
Q4 202293$34.3bn
Q3 202285$35.8bn
Q2 202284$37.9bn
Q1 202291$51.3bn
Q4 202192$59.5bn
Q3 202191$54.5bn
Q2 202181$52.2bn
Q1 202171$44.5bn
Q4 202072$43.0bn
Q3 202065$37.4bn
Q2 202063$33.1bn
Q1 202063$23.1bn
Q4 201962$25.4bn
Q3 201958$21.7bn
Q2 201956$20.6bn
Q1 201959$19.1bn
Q4 201858$15.3bn
Q3 201858$17.6bn
Q2 201859$15.6bn
Q1 201856$14.1bn
Q4 201753$13.5bn
Q3 201735$12.4bn
Q2 201729$11.4bn
Q1 201726$10.7bn
Q4 201626$9.1bn
Q3 201627$8.4bn
Q2 201627$7.9bn
Q1 201627$7.3bn
Q4 201526$6.5bn
Q3 201524$5.5bn
Q2 201524$5.2bn
Q1 201524$5.1bn
Q4 201423$4.9bn
Q3 201422$4.4bn
Q2 201425$4.6bn
Q1 201423$4.6bn
Q4 201323$4.5bn
Q3 201324$4.3bn
Q2 201326$4.2bn
Q1 201324$4.7bn
Q4 201218$4.3bn
Q3 201217$4.2bn
Q2 201218$3.8bn
Q1 201217$3.3bn
Q4 201118$2.2bn
Q3 201117$1.7bn
Q2 201117$1.7bn
Q1 201117$1.4bn
Q4 201016$1.0bn
Q3 201017$903m
Q2 201016$643m
Q1 201017$692m
Q4 200917$581m
Q3 200917$461m
Q2 200918$348m
Q1 200918$260m
Q4 200820$243m
Q3 200819$308m
Q2 200819$320m
Q1 200821$516m
Q4 200719$621m
Q3 200719$589m
Q2 200723$580m
Q1 200721$607m
Q4 200621$646m
Q3 200620$626m
Q2 200620$841m
Q1 200618$1.2bn
Q4 200520$1.8bn
Q3 200519$2.0bn
Q2 200519$1.9bn
Q1 200519$1.9bn
Q4 200417$1.8bn
Q3 200418$1.8bn
Q2 200418$1.8bn
Q1 200418$1.6bn
Q4 200319$1.6bn
Q3 200319$1.3bn
Q2 200318$1.2bn
Q1 200318$968m
Q4 200218$910m
Q3 200218$733m
Q2 200218$719m
Q1 200218$719m
Q4 200117$608m
Q3 200117$556m
Q2 200114$494m
Q1 200116$569m
Q4 200017$559m
Q3 200017$645m
Q2 200017$623m
Q1 200017$625m
Q4 199917$613m
Q3 199917$539m
Q2 199920$504m
Q1 199919$443m

Where Polen Capital was early

45 rows
UPS UPSQ2 20001 of 1745.3%8.4%27Exited by Q1 2007+27%
HSY The Hershey CompanyQ3 20011 of 1256.5%8.3%21Exited by Q4 2006+64%
PFE Pfizer IncQ3 20012 of 2086.9%7.6%18Exited by Q1 2006−42%
PEP PEPSICO INCQ4 20021 of 1393.9%7.9%23Exited by Q4 2025+233%
GD General DynamicsQ4 20023 of 1346.1%6.1%6Exited by Q2 2004+13%
JNJ Johnson & JohnsonQ3 20032 of 1693.0%7.4%16Exited by Q3 2007+24%
HOG Harley-Davidson IncQ4 20032 of 1202.9%6.5%15Exited by Q3 2007+25%
MMM 3M CompanyQ4 20032 of 1655.7%6.3%15Exited by Q3 2007+2.1%
CSCO Cisco Sys IncQ1 20054 of 1703.2%8.7%23Exited by Q4 2010+22%
ORCL ORACLE CORPQ3 20054 of 2565.5%8.5%73Held at last filing, Q2 2026+1082%
ADBE ADOBE INCQ2 20063 of 2752.2%9.9%54Held at last filing, Q2 2026+575%
SYK StrykerQ2 20063 of 1502.0%6.7%12Exited by Q2 2009−19%
EBAY Ebay IncQ2 20068 of 1861.9%5.9%11Exited by Q2 2014+89%
NKE NIKE INCQ3 20064 of 2083.2%8.4%59Exited by Q4 2025+537%
ADSK AUTODESK INCQ4 20062 of 2173.1%6.5%32Exited by Q1 2026+632%
ABT ABBOTT LABORATORIESQ4 20065 of 1814.8%7.5%61Held at last filing, Q2 2026+288%
ADP AUTOMATIC DATA PROCESSING INQ1 20076 of 1486.2%6.5%58Exited by Q1 2026+570%
MA MASTERCARD INCORPORATEDQ3 20076 of 2633.3%8.5%71Held at last filing, Q2 2026+3371%
CHRW CH Robinson IncQ1 20082 of 1341.6%6.9%23Exited by Q4 2013+9.5%
EXPD Expeditors IntlQ1 20084 of 1203.5%3.8%6Exited by Q3 2009−26%
QCOM Qualcomm IncQ1 200814 of 2463.1%7.5%26Exited by Q3 2014+93%
FDS FACTSET RESH SYS INCQ3 20084 of 1300.07%4.8%16Exited by Q2 2015+205%
V VISA INCQ3 20089 of 2842.1%8.6%61Held at last filing, Q2 2026+2135%
AMZN AMAZON COM INCQ4 20083 of 3782.0%14.4%32Held at last filing, Q2 2026+9196%
GILD Gilead IncQ1 20096 of 1814.2%6.7%6Exited by Q3 2010−26%
AAPL APPLE INCQ1 200914 of 2755.0%10.5%44Held at last filing, Q2 2026+7607%
SBUX STARBUCKS CORPQ3 20102 of 2172.7%7.0%56Held at last filing, Q2 2026+700%
TROW Price T Rowe Group IncQ4 20106 of 1205.2%7.0%15Exited by Q3 2014+31%
CTSH Cognizant Tech SolQ1 20113 of 1493.9%7.4%9Exited by Q2 2013−5.9%
ISRG INTUITIVE SURGICAL INCQ2 20112 of 1893.3%6.4%21Held at last filing, Q2 2026+862%
INTU INTUITQ4 20114 of 2392.0%5.7%11Exited by Q2 2026+722%
GWW GRAINGER W W INCQ4 20123 of 1202.0%4.3%12Exited by Q4 2015+6.3%
IT GARTNER INCQ1 20131 of 1331.3%5.0%53Exited by Q2 2026+191%
FAST FASTENAL COQ1 20137 of 1422.1%4.3%18Exited by Q3 2017−15%
REGN REGENERON PHARMACEUTICALSQ2 20133 of 1710.01%6.8%34Exited by Q2 2022+211%
META META PLATFORMS INCQ3 201315 of 3842.8%8.8%38Held at last filing, Q2 2026+1021%
TJX TJX COS INC NEWQ4 20135 of 1852.0%5.5%16Exited by Q4 2017+16%
ORLY OREILLY AUTOMOTIVE INCQ3 20146 of 1623.0%6.5%26Exited by Q2 2022+356%
CELG CELGENE CORPQ4 20149 of 1343.7%6.1%15Exited by Q3 2018−29%
GOOG ALPHABET INCQ4 201528 of 3506.3%8.2%43Held at last filing, Q2 2026+831%
ALGN ALIGN TECHNOLOGY INCQ1 20166 of 1781.5%5.2%36Exited by Q1 2025+187%
BKNG BOOKING HOLDINGS INCQ1 201824 of 3133.4%3.4%12Exited by Q2 2022+13%
NVDA NVIDIA CORPORATIONQ3 201839 of 3974.0%6.9%7Held at last filing, Q2 2026+2748%
MSCI MSCI INCQ3 201914 of 1762.1%3.5%23Held at last filing, Q2 2026+157%
ABNB AIRBNB INCQ3 202119 of 2532.9%4.3%20Held at last filing, Q2 2026−15%

Concentration and tenure

9.0%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
65.1%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
4
Median completed holding, quarters