Breaking down the stocks Polen Capital bought, sold, and held in Q2 2026, including their holdings at the end of the quarter. All data sourced from Polen Capital's 13F filed on August 04, 2026.
Who is Polen Capital?
Polen Capital is a global investment management firm founded in 1979, specializing in high-conviction growth strategies across large-cap, small-cap, and emerging markets portfolios. Known for its disciplined approach and low turnover, Polen has established a strong track record of outperformance over multiple market cycles. The firm's investment philosophy centers on identifying businesses with sustainable competitive advantages, superior financial strength, and proven management teams that can deliver consistent, above-average earnings growth.
Polencapital.com
Wikipedia on Polen Capital
Q2 '26 13F filed with SEC
Holdings in Q2 2026
| Ticker | Company | Weight | Change | Value |
|---|---|---|---|---|
| MSFT | Microsoft | 0.0% | Exited | $-1053.46B |
| GOOG | Alphabet | 0.0% | Exited | $-845.27B |
| LLY | Eli Lilly | 0.0% | Exited | $-841.18B |
| AVGO | Broadcom | 0.0% | Exited | $-834.92B |
| AMZN | Amazon | 0.0% | Exited | $-811.57B |
| MA | Mastercard | 0.0% | Exited | $-770.17B |
| NOW | ServiceNow | 0.0% | Exited | $-760.02B |
| SHOP | Shopify | 0.0% | Exited | $-748.11B |
| V | Visa | 0.0% | Exited | $-739.21B |
| ORCL | Oracle | 0.0% | Exited | $-739.12B |
Current Investment Strategy
Strategy analysis unavailable.
New Investments
Polen Capital did not open any new positions during Q2 2026.
Added, Trimmed, and Exited
Added
Polen Capital made no additions to existing positions this quarter.
What it means: The absence of any incremental buying suggests the firm was in full risk-off or portfolio consolidation mode during Q2 2026, rather than rotating capital into names it already held. This is consistent with a manager stepping back from its high-conviction growth book entirely rather than fine-tuning it.
Trimmed
There were no partial trims reported for Polen Capital in this filing.
What it means: The lack of any partial reductions indicates this wasn't a gradual de-risking process—positions were either held in full or eliminated outright, pointing to a decisive, binary portfolio action rather than incremental profit-taking.
Exited
Polen Capital completely liquidated its entire reported portfolio, exiting all ten positions: Microsoft (MSFT), Alphabet (GOOG), Eli Lilly (LLY), Broadcom (AVGO), Amazon (AMZN), Mastercard (MA), ServiceNow (NOW), Shopify (SHOP), Visa (V), and Oracle (ORCL), with combined values ranging from roughly $739 billion to over $1 trillion each per the filing.
What it means: A full liquidation of every single holding—spanning mega-cap tech, healthcare, payments, and software—is an extraordinary event that goes far beyond typical portfolio rebalancing. This could reflect a strategic overhaul, a change in investment mandate, a merger or wind-down of the reporting entity, or simply a data/filing anomaly given the unusually large reported dollar values (which appear inflated relative to typical share counts and prices). If accurate, it would represent a complete abandonment of Polen Capital's signature high-conviction, low-turnover growth strategy in favor of either cash, a restructured mandate, or a shift to an entirely new set of holdings not yet reflected in new positions.
Disclaimer: All posts are for informational purposes only. They are NOT a recommendation to buy or sell the securities discussed. Please do your own research and due diligence before investing your money.
