WhaleCreep

Polen Capital 13F holdings, Q1 2026

Long-only investorSEC filingsCompare with another fundHoldings as of 2026-03-31, filed 2026-05-14

Polen Capital disclosed 221 US equity positions worth $14.5bn in its Q1 2026 13F filing. Its largest position is MSFT at 7.3% of the reported book, followed by GOOG and LLY. Versus Q4 2025 it opened 69 new positions, added to 67, reduced 81 and exited 79.

$14.5bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
221
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
7.3%
Largest position
The largest single position as a share of the reported equity book.
56.3%
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 Q4 2025: 69 new, 67 added, 81 reduced, 79 exited

50 of 221
MSFT MICROSOFT CORPTechnology7.3%$1.1bn2.85m−27%reduced
GOOG ALPHABET INCCommunication Services5.8%$845m2.95m−27%reduced
LLY ELI LILLY & COHealthcare5.8%$841m914,557−27%reduced
AVGO BROADCOM INCTechnology5.8%$835m2.70m−24%reduced
AMZN AMAZON COM INCConsumer Cyclical5.6%$812m3.90m−55%reduced
MA MASTERCARD INCFinancial Services5.3%$770m1.54m−28%reduced
NOW SERVICENOW INCTechnology5.3%$760m7.27m+28%added
SHOP SHOPIFY INCTechnology5.2%$748m6.31m−12%reduced
V VISA INCFinancial Services5.1%$739m2.45m−28%reduced
ORCL ORACLE CORPTechnology5.1%$739m5.02m−30%reduced
NVDA NVIDIA CORPORATIONTechnology5.0%$716m4.10m−23%reduced
CSGP COSTAR GROUP INCReal Estate3.5%$507m12.57m+157%added
MSCI MSCI INCFinancial Services3.5%$501m929,509−30%reduced
ZTS ZOETIS INCHealthcare3.5%$499m4.22m−24%reduced
SBUX STARBUCKS CORPConsumer Cyclical3.1%$453m5.06m−25%reduced
AON AON PLCFinancial Services3.0%$437m1.35m−27%reduced
IDXX IDEXX LABS INCHealthcare2.7%$391m695,811−28%reduced
ABNB AIRBNB INCConsumer Cyclical2.0%$287m2.27m−25%reduced
ISRG INTUITIVE SURGICAL INCHealthcare1.9%$280m606,826−28%reduced
META META PLATFORMS INCCommunication Services1.9%$273m476,663–new
ACCENTURE PLC IRELAND no ticker–1.9%$269m1.35m−28%reduced
SNPS SYNOPSYS INCTechnology1.8%$266m671,233−21%reduced
LRCX LAM RESEARCH CORPTechnology1.6%$225m1.05m–new
UBER UBER TECHNOLOGIES INCTechnology1.5%$210m2.92m−18%reduced
IWF ISHARES TR–1.2%$173m406,863−48%reduced
ROL ROLLINS INCConsumer Cyclical0.8%$116m2.18m–new
MELI MERCADOLIBREConsumer Cyclical0.4%$59.6m34,452−28%reduced
TSM TAIWAN SEMICONDUCTOR MANUFACTechnology0.4%$59.0m174,686−13%reduced
SPOT SPOTIFY TECHNOLOGY S ACommunication Services0.4%$52.1m107,429+50%added
ACWI ISHARES TR–0.3%$42.4m306,415−50%reduced
BSX BOSTON SCIENTIFIC CORPHealthcare0.3%$36.4m579,739−86%reduced
ASML ASML HLDG NVTechnology0.1%$21.2m16,072+44%added
NU NU HLDGS LTDFinancial Services0.1%$17.5m1.22m+5.1%added
SAP SAP SETechnology0.08%$11.4m66,674−71%reduced
AGX ARGAN INCIndustrials0.07%$9.8m17,981−28%reduced
POWL POWELL INDS INCIndustrials0.07%$9.5m17,485−14%reduced
BE BLOOM ENERGY CORPIndustrials0.06%$9.1m67,231−11%reduced
INTU INTUITTechnology0.06%$8.6m19,853−96%reduced
BELFB BEL FUSE INCTechnology0.06%$8.6m43,339+92%added
CECO CECO ENVIRONMENTAL CORPIndustrials0.06%$8.5m143,231+105%added
DOCN DIGITALOCEAN HLDGS INCTechnology0.06%$8.3m96,206–new
GOOGL ALPHABET INCCommunication Services0.06%$8.1m28,195−8.6%reduced
NFLX NETFLIX INC.Communication Services0.06%$8.0m83,285−52%reduced
BWXT BWX TECHNOLOGIES INCIndustrials0.05%$7.8m38,123+18%added
VSEC VSE CORPIndustrials0.05%$7.8m42,040+22%added
AMPX AMPRIUS TECHNOLOGIES INCIndustrials0.05%$7.1m422,145+46%added
YOU CLEAR SECURE INCTechnology0.05%$7.1m145,900+271%added
VUG VANGUARD INDEX FDS–0.05%$7.0m16,030−52%reduced
FSLY FASTLY INCTechnology0.05%$6.9m238,518–new
MOD MODINE MFG COConsumer Cyclical0.04%$6.3m29,042+103%added

Exited since Q4 2025

79 rows
ICLR ICON PLC0.08%$19.2m
MNDY MONDAY COM LTD0.05%$11.7m
IVV ISHARES TR0.04%$9.4m
GLOB GLOBANT S A0.03%$5.9m
MAKEMYTRIP LIMITED MAURITIUS no ticker0.02%$4.4m
PDD PDD HOLDINGS INC0.02%$3.6m
KARO KAROOOOO LTD0.01%$3.4m
HURN HURON CONSULTING GROUP INC0.01%$2.6m
WDAY WORKDAY INC0.01%$2.3m
ATEC ALPHATEC HLDGS INC0.01%$2.0m
VTI VANGUARD INDEX FDS0.01%$1.9m
RDVT RED VIOLET INC0.01%$1.7m
TMO THERMO FISHER SCIENTIFIC INC0.01%$1.3m
PAGAYA TECHNOLOGIES LTD no ticker0.01%$1.3m
GRAL GRAIL INC0.0%$1.2m
LQDA LIQUIDIA CORPORATION0.0%$1.2m
AORT ARTIVION INC0.0%$1.2m
CRDO CREDO TECHNOLOGY GROUP HOLDI0.0%$1.1m
HHH HOWARD HUGHES HOLDINGS INC0.0%$1.1m
XERS XERIS BIOPHARMA HOLDINGS INC0.0%$1.0m
CEG CONSTELLATION ENERGY CORP0.0%$993k
KURA KURA ONCOLOGY INC0.0%$944k
TDUP THREDUP INC0.0%$930k
UPWK UPWORK INC0.0%$854k
SWIM LATHAM GROUP INC0.0%$714k
AMSC AMERICAN SUPERCONDUCTOR CORP0.0%$678k
ODD ODDITY TECH LTD0.0%$650k
IHRT IHEARTMEDIA INC0.0%$647k
PBI PITNEY BOWES INC0.0%$642k
CYTK CYTOKINETICS INC0.0%$609k
CSIQ CANADIAN SOLAR INC0.0%$528k
NSSC NAPCO SEC TECHNOLOGIES INC0.0%$524k
ADP AUTOMATIC DATA PROCESSING IN0.0%$508k
PRCH PORCH GROUP INC0.0%$490k
NRG NRG ENERGY INC0.0%$483k
LMB LIMBACH HLDGS INC0.0%$459k
HQY HEALTHEQUITY INC0.0%$456k
SKYW SKYWEST INC0.0%$440k
ZGN ERMENEGILDO ZEGNA N V0.0%$438k
ESPREUR ESPERION THERAPEUTICS INC NE0.0%$430k
OPFI OPPFI INC0.0%$423k
LUXE LUXEXPERIENCE BV0.0%$420k
MESO MESOBLAST LTD0.0%$415k
NMRK NEWMARK GROUP INC0.0%$410k
AVAV AEROVIRONMENT INC0.0%$409k
PSNL PERSONALIS INC0.0%$404k
ADT ADT INC0.0%$398k
UNH UNITEDHEALTH GROUP INC0.0%$395k
NEWAMSTERDAM PHARMA COMPANY no ticker0.0%$394k
MEDP MEDPACE HLDGS INC0.0%$391k

Sector mix

  • Technology39.6%
  • Financial Services17.2%
  • Healthcare14.6%
  • Consumer Cyclical12.2%
  • Communication Services8.3%
  • Unclassified3.7%
  • Real Estate3.5%
  • Industrials0.8%
  • Energy0.08%
  • Basic Materials0.04%
  • 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