Polen Capital Management LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), Polen Capital Management LLC reported 221 stock positions worth $14.5 billion. Its top holding was Microsoft (MSFT) at 7.3% of the portfolio, followed by Alphabet Class C (GOOG, 5.8%) and Eli Lilly (LLY, 5.8%). Compared with Q4 2025, it opened 69 new positions, sold out of 79, added to 71 and reduced 81. The biggest buy was Costar (CSGP, shares +157%) and the biggest sale Amazon.com (AMZN, shares −55%).
- Most Recent 13F
- Q2 2026
- Location
- Boca Raton, FL
- CIK
- 0001034524
- Portfolio Value
- $14.5B (Q1 2026)
- SEC Filing
- 0001172661-26-001911 ↗ filed May 14, 2026
Holdings Value
Holdings 221 stocks · $14.5B
| MSFT Microsoft Corp. | 7.29% | 2,845,888 | $1.1B | Reduce -27.2% |
| GOOG Alphabet Inc. Class C | 5.85% | 2,946,637 | $845.3M | Reduce -26.7% |
| LLY Eli Lilly & Co. | 5.82% | 914,557 | $841.2M | Reduce -26.6% |
| AVGO Broadcom Inc. | 5.78% | 2,697,567 | $834.9M | Reduce -23.6% |
| AMZN Amazon.com Inc. | 5.61% | 3,896,739 | $811.6M | Reduce -55.0% |
| MA Mastercard Inc. Class A | 5.33% | 1,541,388 | $770.2M | Reduce -27.7% |
| NOW ServiceNow Inc. | 5.26% | 7,269,453 | $760.0M | Add +28.0% |
| SHOP Shopify Inc. Class A | 5.17% | 6,306,740 | $748.1M | Reduce -12.4% |
| V Visa Inc. Class A | 5.11% | 2,445,760 | $739.2M | Reduce -27.5% |
| ORCL Oracle Corp. | 5.11% | 5,024,257 | $739.1M | Reduce -30.1% |
| NVDA Nvidia Corp. | 4.95% | 4,104,247 | $715.8M | Reduce -23.0% |
| CSGP Costar Group Inc. | 3.51% | 12,570,368 | $507.1M | Add +157.0% |
| MSCI MSCI Inc. | 3.47% | 929,509 | $501.0M | Reduce -30.2% |
| ZTS Zoetis Inc. | 3.45% | 4,223,076 | $499.2M | Reduce -24.1% |
| SBUX Starbucks Corp. | 3.13% | 5,055,488 | $452.9M | Reduce -25.5% |
| AON Aon PLC Class A | 3.02% | 1,354,053 | $437.1M | Reduce -26.7% |
| IDXX Idexx Laboratories Inc. | 2.70% | 695,811 | $391.0M | Reduce -27.6% |
| ABNB Airbnb Inc. Class A | 1.99% | 2,273,747 | $287.1M | Reduce -25.0% |
| ISRG Intuitive Surgical Inc. | 1.94% | 606,826 | $279.7M | Reduce -28.0% |
| META Meta Platforms Inc. Class A | 1.89% | 476,663 | $272.7M | New |
| ACN Accenture PLC Class A | 1.86% | 1,354,748 | $268.6M | Reduce -28.0% |
| SNPS Synopsys Inc. | 1.84% | 671,233 | $266.1M | Reduce -20.6% |
| LRCX Lam Research Corp. | 1.56% | 1,054,495 | $225.3M | New |
| UBER Uber Technologies Inc. | 1.45% | 2,917,928 | $209.9M | Reduce -18.2% |
| IWF iShares Russell 1000 Growth | 1.20% | 406,863 | $173.5M | Reduce -47.6% |
| ROL Rollins Inc. | 0.80% | 2,177,678 | $116.3M | New |
| MELI MercadoLibre Inc. | 0.41% | 34,452 | $59.6M | Reduce -28.1% |
| TSM Taiwan Semiconductor-SP ADR | 0.41% | 174,686 | $59.0M | Reduce -12.9% |
| SPOT Spotify Technology SA | 0.36% | 107,429 | $52.1M | Add +49.9% |
| ACWI iShares MSCI Acwi ETF | 0.29% | 306,415 | $42.4M | Reduce -49.8% |
| BSX Boston Scientific Corp. | 0.25% | 579,739 | $36.4M | Reduce -85.6% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 0.15% | 16,072 | $21.2M | Add +43.6% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.12% | 1,217,238 | $17.5M | Add +5.1% |
| SAP Sap SE-Sponsored ADR | 0.08% | 66,674 | $11.4M | Reduce -71.4% |
| AGX Argan Inc. | 0.07% | 17,981 | $9.8M | Reduce -27.8% |
| POWL Powell Industries Inc. | 0.07% | 17,485 | $9.5M | Reduce -14.0% |
| BE Bloom Energy Corp. Class A | 0.06% | 67,231 | $9.1M | Reduce -10.9% |
| INTU Intuit Inc. | 0.06% | 19,853 | $8.6M | Reduce -96.1% |
| BELFB Bel Fuse Inc. Class B | 0.06% | 43,339 | $8.6M | Add +92.4% |
| CECO Ceco Environmental Corp. | 0.06% | 143,231 | $8.5M | Add +105.3% |
| DOCN Digitalocean Holdings Inc. | 0.06% | 96,206 | $8.3M | New |
| GOOGL Alphabet Inc. Class A | 0.06% | 28,195 | $8.1M | Reduce -8.7% |
| NFLX Netflix Inc. | 0.06% | 83,285 | $8.0M | Reduce -52.1% |
| BWXT BWX Technologies Inc. | 0.05% | 38,123 | $7.8M | Add +17.9% |
| VSEC Vse Corp. | 0.05% | 42,040 | $7.8M | Add +22.2% |
| AMPX Amprius Technologies Inc. | 0.05% | 422,145 | $7.1M | Add +46.4% |
| YOU Clear Secure Inc. Class A | 0.05% | 145,900 | $7.1M | Add +271.0% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.05% | 16,030 | $7.0M | Reduce -51.6% |
| FSLY Fastly Inc. Class A | 0.05% | 238,518 | $6.9M | New |
| MOD Modine Manufacturing Co. | 0.04% | 29,042 | $6.3M | Add +103.0% |
| PL Planet Labs PBC | 0.04% | 213,914 | $6.0M | Add +91.8% |
| DLO Dlocal Ltd. | 0.04% | 458,909 | $6.0M | Reduce -1.7% |
| BKD Brookdale Senior Living Inc. | 0.04% | 420,374 | $5.8M | Add +109.6% |
| IESC Ies Holdings Inc. | 0.04% | 11,953 | $5.7M | Add +9.3% |
| SPHR Sphere Entertainment Co. | 0.04% | 48,293 | $5.7M | Add +102.7% |
| WTW Willis Towers Watson PLC | 0.04% | 19,376 | $5.6M | Reduce -29.4% |
| MCHI iShares MSCI China ETF | 0.04% | 96,813 | $5.4M | New |
| MDT Medtronic PLC | 0.04% | 60,661 | $5.3M | Reduce -28.2% |
| EWT iShares MSCI Taiwan ETF | 0.04% | 72,894 | $5.2M | New |
| LASR Nlight Inc. | 0.04% | 89,791 | $5.1M | Add +45.7% |
| AZN Astrazeneca PLC | 0.04% | 26,046 | $5.1M | New |
| WGS Genedx Holdings Corp. | 0.03% | 77,419 | $5.0M | Add +29.3% |
| CRS Carpenter Technology | 0.03% | 12,431 | $4.9M | Add +105.1% |
| SEI Solaris Energy Infrastructur | 0.03% | 83,675 | $4.7M | Add +192.6% |
| BW Babcock & Wilcox Enterpr | 0.03% | 271,492 | $4.0M | Add +122.0% |
| TME Tencent Music Entertainm-ADR | 0.03% | 410,278 | $3.8M | Reduce -0.5% |
| PAYC Paycom Software Inc. | 0.03% | 30,831 | $3.7M | Reduce -98.3% |
| FIGR Figure Technology Solut Class A | 0.02% | 105,634 | $3.6M | Add +725.1% |
| KRMN Karman Holdings Inc. | 0.02% | 44,066 | $3.5M | Add +582.7% |
| BBIO Bridgebio Pharma Inc. | 0.02% | 45,934 | $3.4M | Add +20.1% |
| PRAX Praxis Precision Medicines I | 0.02% | 10,043 | $3.2M | New |
| GH Guardant Health Inc. | 0.02% | 34,725 | $3.2M | Add +76.6% |
| IBN Icici Bank Ltd.-Spon ADR | 0.02% | 118,059 | $3.1M | Reduce -4.7% |
| ONON On Holding AG Class A filed as ON HLDG AG | 0.02% | 88,051 | $3.0M | Reduce -54.7% |
| AEHR Aehr Test Systems | 0.02% | 79,396 | $2.9M | Add +163.7% |
| ROAD Construction Partners Inc. Class A | 0.02% | 26,329 | $2.9M | Add +148.0% |
| ADBE Adobe Inc. | 0.02% | 11,868 | $2.9M | Reduce -99.1% |
| ATRO Astronics Corp. | 0.02% | 42,410 | $2.8M | Reduce -21.0% |
| AXTI Axt Inc. | 0.02% | 49,368 | $2.8M | Add +122.2% |
| TSLA Tesla Inc. | 0.02% | 7,368 | $2.7M | Reduce -9.8% |
| SE Sea Ltd.-ADR | 0.02% | 32,874 | $2.7M | Reduce -23.0% |
| TIGO Millicom Intl Cellular S.A. | 0.02% | 36,096 | $2.7M | Add +104.1% |
| CAAP Corp. America Airports SA filed as CORPORACION AMER ARPTS S A | 0.02% | 106,069 | $2.7M | Add +104.3% |
| W Wayfair Inc. Class A | 0.02% | 35,216 | $2.6M | Add +31.1% |
| VCTR Victory Capital Holding - A | 0.02% | 39,868 | $2.6M | Add +257.7% |
| PTGX Protagonist Therapeutics Inc. | 0.02% | 24,337 | $2.6M | Add +19.6% |
| SRRK Scholar Rock Holding Corp. | 0.02% | 51,951 | $2.6M | Add +138.7% |
| SITM Sitime Corp. | 0.02% | 7,101 | $2.5M | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.02% | 3,757 | $2.4M | Reduce -44.1% |
| JOBY Joby Aviation Inc. | 0.02% | 294,754 | $2.4M | Add +17.9% |
| OPY Oppenheimer Holdings Class A | 0.02% | 26,954 | $2.4M | Add +64.9% |
| FTI Technipfmc PLC | 0.02% | 34,293 | $2.4M | Reduce -4.5% |
| CVNA Carvana Co. | 0.02% | 7,348 | $2.3M | Reduce -18.1% |
| VICR Vicor Corp. | 0.02% | 13,899 | $2.2M | New |
| RHLD Resolute Holdings Manag | 0.02% | 13,669 | $2.2M | Reduce -34.6% |
| ASTE Astec Industries Inc. | 0.02% | 41,172 | $2.2M | Add +84.3% |
| CCJ Cameco Corp. | 0.02% | 20,210 | $2.2M | Reduce -28.3% |
| PRLB Proto Labs Inc. | 0.01% | 37,594 | $2.1M | Add +806.3% |
| KTOS Kratos Defense & Security | 0.01% | 29,265 | $2.1M | Add +48.6% |
| REAL The Realreal Inc. filed as THE REALREAL INC | 0.01% | 221,865 | $2.0M | Add +26.7% |
Portfolio Sells Q4 2025 → Q1 2026
| AMZN Amazon.com Inc. | Reduce -55.0% | 5.61% | −2.92 |
| ABT Abbott Laboratories | Reduce -99.6% | 0.01% | −2.11 |
| ADBE Adobe Inc. | Reduce -99.1% | 0.02% | −1.99 |
| INTU Intuit Inc. | Reduce -96.1% | 0.06% | −1.39 |
| BSX Boston Scientific Corp. | Reduce -85.6% | 0.25% | −1.39 |
| PAYC Paycom Software Inc. | Reduce -98.3% | 0.03% | −1.22 |
| ORCL Oracle Corp. | Reduce -30.1% | 5.11% | −0.87 |
| MSFT Microsoft Corp. | Reduce -27.2% | 7.29% | −0.79 |
| IWF iShares Russell 1000 Growth | Reduce -47.6% | 1.20% | −0.37 |
| ACN Accenture PLC Class A | Reduce -28.0% | 1.86% | −0.30 |
| SAP Sap SE-Sponsored ADR | Reduce -71.4% | 0.08% | −0.16 |
| ISRG Intuitive Surgical Inc. | Reduce -28.0% | 1.94% | −0.10 |
| ICLR Icon PLC | Sold out | 0.00% | −0.08 |
| ACWI iShares MSCI Acwi ETF | Reduce -49.8% | 0.29% | −0.08 |
| IDXX Idexx Laboratories Inc. | Reduce -27.6% | 2.70% | −0.07 |
| HDB HDFC Bank Ltd.-ADR | Reduce -93.5% | 0.00% | −0.05 |
| MNDY Monday.com Ltd. | Sold out | 0.00% | −0.05 |
| IVV iShares Core S&P 500 ETF | Sold out | 0.00% | −0.04 |
| GLOB Globant SA | Sold out | 0.00% | −0.03 |
| ACWX iShares MSCI Acwi Ex US ETF | Reduce -79.7% | 0.01% | −0.02 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -51.6% | 0.05% | −0.02 |
| MMYT Makemytrip Ltd. | Sold out | 0.00% | −0.02 |
| ONON On Holding AG Class A | Reduce -54.7% | 0.02% | −0.02 |
| PDD PDD Holdings Inc. | Sold out | 0.00% | −0.02 |
| KARO Karooooo Ltd. | Sold out | 0.00% | −0.01 |
| NFLX Netflix Inc. | Reduce -52.1% | 0.06% | −0.01 |
| VT Vanguard Tot World STK ETF | Reduce -80.3% | 0.01% | −0.01 |
| ADPT Adaptive Biotechnologies | Reduce -64.4% | 0.01% | −0.01 |
| HURN Huron Consulting Group Inc. | Sold out | 0.00% | −0.01 |
| WDAY Workday Inc. Class A | Sold out | 0.00% | −0.01 |
| AFRM Affirm Holdings Inc. | Reduce -85.5% | 0.00% | −0.01 |
| ATEC Alphatec Holdings Inc. | Sold out | 0.00% | −0.01 |
| HCI Hci Group Inc. | Reduce -66.3% | 0.01% | −0.01 |
| VTI VG Morningstar TS MKT ETF-US | Sold out | 0.00% | −0.01 |
| IT Gartner Inc. | Reduce -82.3% | 0.00% | −0.01 |
| FSLR First Solar Inc. | Reduce -84.6% | 0.00% | −0.01 |
| RDVT Red Violet Inc. | Sold out | 0.00% | −0.01 |
| DAVE Dave Inc. | Reduce -67.2% | 0.00% | −0.01 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.01 |
| PGY Pagaya Technologies Ltd. Class A | Sold out | 0.00% | −0.01 |
| AORT Artivion Inc. | Sold out | 0.00% | −0.00 |
| GRAL Grail Inc. | Sold out | 0.00% | −0.00 |
| LQDA Liquidia Corp. | Sold out | 0.00% | −0.00 |
| CRDO Credo Technology Group Holdi | Sold out | 0.00% | −0.00 |
| HHH Howard Hughes Holdings Inc. | Sold out | 0.00% | −0.00 |
| MIR Mirion Technologies Inc. | Reduce -68.6% | 0.00% | −0.00 |
| TME Tencent Music Entertainm-ADR | Reduce -0.5% | 0.03% | −0.00 |
| XERS Xeris Biopharma Holdings Inc. | Sold out | 0.00% | −0.00 |
| SE Sea Ltd.-ADR | Reduce -23.0% | 0.02% | −0.00 |
| CEG Constellation Energy | Sold out | 0.00% | −0.00 |
Portfolio Buys Q4 2025 → Q1 2026
| CSGP Costar Group Inc. | Add +157.0% | 3.51% | +2.10 |
| META Meta Platforms Inc. Class A | New | 1.89% | +1.89 |
| LRCX Lam Research Corp. | New | 1.56% | +1.56 |
| NOW ServiceNow Inc. | Add +28.0% | 5.26% | +1.54 |
| ROL Rollins Inc. | New | 0.80% | +0.80 |
| SPOT Spotify Technology SA | Add +49.9% | 0.36% | +0.18 |
| ASML ASML Holding NV-NY Reg SHS | Add +43.6% | 0.15% | +0.10 |
| DOCN Digitalocean Holdings Inc. | New | 0.06% | +0.06 |
| FSLY Fastly Inc. Class A | New | 0.05% | +0.05 |
| BELFB Bel Fuse Inc. Class B | Add +92.4% | 0.06% | +0.04 |
| YOU Clear Secure Inc. Class A | Add +271.0% | 0.05% | +0.04 |
| CECO Ceco Environmental Corp. | Add +105.3% | 0.06% | +0.04 |
| AMPX Amprius Technologies Inc. | Add +46.4% | 0.05% | +0.04 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +5.1% | 0.12% | +0.04 |
| MCHI iShares MSCI China ETF | New | 0.04% | +0.04 |
| EWT iShares MSCI Taiwan ETF | New | 0.04% | +0.04 |
| MOD Modine Manufacturing Co. | Add +103.0% | 0.04% | +0.04 |
| AZN Astrazeneca PLC | New | 0.04% | +0.04 |
| PL Planet Labs PBC | Add +91.8% | 0.04% | +0.03 |
| BKD Brookdale Senior Living Inc. | Add +109.6% | 0.04% | +0.03 |
| BWXT BWX Technologies Inc. | Add +17.9% | 0.05% | +0.03 |
| SPHR Sphere Entertainment Co. | Add +102.7% | 0.04% | +0.03 |
| VSEC Vse Corp. | Add +22.2% | 0.05% | +0.03 |
| SEI Solaris Energy Infrastructur | Add +192.6% | 0.03% | +0.03 |
| CRS Carpenter Technology | Add +105.1% | 0.03% | +0.03 |
| LASR Nlight Inc. | Add +45.7% | 0.04% | +0.03 |
| BW Babcock & Wilcox Enterpr | Add +122.0% | 0.03% | +0.02 |
| FIGR Figure Technology Solut Class A | Add +725.1% | 0.02% | +0.02 |
| KRMN Karman Holdings Inc. | Add +582.7% | 0.02% | +0.02 |
| PRAX Praxis Precision Medicines I | New | 0.02% | +0.02 |
| IESC Ies Holdings Inc. | Add +9.3% | 0.04% | +0.02 |
| AXTI Axt Inc. | Add +122.2% | 0.02% | +0.02 |
| AEHR Aehr Test Systems | Add +163.7% | 0.02% | +0.02 |
| SITM Sitime Corp. | New | 0.02% | +0.02 |
| VICR Vicor Corp. | New | 0.02% | +0.02 |
| ROAD Construction Partners Inc. Class A | Add +148.0% | 0.02% | +0.02 |
| VCTR Victory Capital Holding - A | Add +257.7% | 0.02% | +0.02 |
| TIGO Millicom Intl Cellular S.A. | Add +104.1% | 0.02% | +0.01 |
| PRLB Proto Labs Inc. | Add +806.3% | 0.01% | +0.01 |
| GH Guardant Health Inc. | Add +76.6% | 0.02% | +0.01 |
| SRRK Scholar Rock Holding Corp. | Add +138.7% | 0.02% | +0.01 |
| CAAP Corp. America Airports SA | Add +104.3% | 0.02% | +0.01 |
| AZZ Azz Inc. | New | 0.01% | +0.01 |
| AIR Aar Corp. | New | 0.01% | +0.01 |
| LIND Lindblad Expeditions Holding | New | 0.01% | +0.01 |
| CELC Celcuity Inc. | Add +268.7% | 0.01% | +0.01 |
| LFUS Littelfuse Inc. | New | 0.01% | +0.01 |
| OPY Oppenheimer Holdings Class A | Add +64.9% | 0.02% | +0.01 |
| SHAK Shake Shack Inc. Class A | New | 0.01% | +0.01 |
| ASTE Astec Industries Inc. | Add +84.3% | 0.02% | +0.01 |
Options Activity Q4 2025 → Q1 2026
| BWXT BWX Technologies Inc. | put | Sold out | 12,500 | $2.2Mbefore exit |
| BE Bloom Energy Corp. Class A | put | Sold out | 21,600 | $1.9Mbefore exit |
| SOFI Sofi Technologies Inc. | put | Sold out | 41,800 | $1.1Mbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 219 | $11.6B | LLY, NVDA, MSFT, GOOG, AVGO |
| Q1 2026 | 221 | $14.5B | MSFT, GOOG, LLY, AVGO, AMZN |
| Q4 2025 | 231 | $23.4B | AMZN, MSFT, ORCL, LLY, GOOG |
| Q3 2025 | 232 | $30.8B | ORCL, MSFT, AMZN, SHOP, MA |
| Q2 2025 | 240 | $32.6B | AMZN, MSFT, ORCL, V, SHOP |
| Q1 2025 | 117 | $31.8B | AMZN, MSFT, V, ORCL, MA |
| Q4 2024 | 124 | $37.0B | AMZN, MSFT, GOOG, V, MA |
| Q3 2024Amended | 118 | $38.7B | AMZN, MSFT, GOOG, V, NOW |
| Q2 2024 | 110 | $39.9B | AMZN, MSFT, GOOG, V, NOW |
| Q1 2024 | 103 | $43.3B | AMZN, MSFT, GOOG, V, NFLX |