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← Polen Capital Management LLC, its record

Polen Capital Management LLC and Capital World Investors: where the books meet

At Q2 2026, at least 27% of the two 13F books was the same, across 73 stocks both listed, against 4.6% at Q2 2013. Overlap is the smaller of each shared stock’s two weights, added up: the part of one book that could be swapped for the other’s without a trade.

Overlap by quarter
0%13%27%Q2 2013: 4.6%, 17 in bothQ3 2013: 4.3%, 16 in bothQ4 2013: 4.4%, 15 in bothQ1 2014: 5.1%, 15 in both14Q2 2014: 4.6%, 14 in bothQ3 2014: 3.8%, 12 in bothQ4 2014: 5.0%, 14 in bothQ1 2015: 4.1%, 14 in both15Q2 2015: 4.8%, 16 in bothQ3 2015: 5.3%, 15 in bothQ4 2015: 5.6%, 15 in bothQ1 2016: 6.3%, 15 in both16Q2 2016: 5.9%, 14 in bothQ3 2016: 6.8%, 16 in bothQ4 2016: 6.2%, 16 in bothQ1 2017: 7.2%, 16 in both17Q2 2017: 8.0%, 17 in bothQ3 2017: 12%, 18 in bothQ4 2017: 13%, 21 in bothQ1 2018: 14%, 21 in both18Q2 2018: 15%, 24 in bothQ3 2018: 14%, 25 in bothQ4 2018: 14%, 27 in bothQ1 2019: 15%, 28 in both19Q2 2019: 15%, 26 in bothQ3 2019: 15%, 28 in bothQ4 2019: 16%, 31 in bothQ1 2020: 16%, 31 in both20Q2 2020: 16%, 28 in bothQ3 2020: 18%, 32 in bothQ4 2020: 17%, 37 in bothQ1 2021: 19%, 38 in both21Q2 2021: 20%, 41 in bothQ3 2021: 20%, 47 in bothQ4 2021: 19%, 48 in bothQ1 2022: 17%, 47 in both22Q2 2022: 17%, 41 in bothQ3 2022: 16%, 40 in bothQ4 2022: 15%, 41 in bothQ1 2023: 16%, 42 in both23Q2 2023: 17%, 43 in bothQ3 2023: 18%, 45 in bothQ4 2023: 18%, 50 in bothQ1 2024: 18%, 49 in both24Q2 2024: 19%, 53 in bothQ3 2024: 19%, 58 in bothQ4 2024: 20%, 60 in bothQ1 2025: 22%, 57 in both25Q2 2025: 18%, 79 in bothQ3 2025: 26%, 79 in bothQ4 2025: 25%, 68 in bothQ1 2026: 24%, 67 in both26Q2 2026: 27%, 73 in both
  • Q2 2013: 4.6%, 17 in both
  • Q3 2013: 4.3%, 16 in both
  • Q4 2013: 4.4%, 15 in both
  • Q1 2014: 5.1%, 15 in both
  • Q2 2014: 4.6%, 14 in both
  • Q3 2014: 3.8%, 12 in both
  • Q4 2014: 5.0%, 14 in both
  • Q1 2015: 4.1%, 14 in both
  • Q2 2015: 4.8%, 16 in both
  • Q3 2015: 5.3%, 15 in both
  • Q4 2015: 5.6%, 15 in both
  • Q1 2016: 6.3%, 15 in both
  • Q2 2016: 5.9%, 14 in both
  • Q3 2016: 6.8%, 16 in both
  • Q4 2016: 6.2%, 16 in both
  • Q1 2017: 7.2%, 16 in both
  • Q2 2017: 8.0%, 17 in both
  • Q3 2017: 12%, 18 in both
  • Q4 2017: 13%, 21 in both
  • Q1 2018: 14%, 21 in both
  • Q2 2018: 15%, 24 in both
  • Q3 2018: 14%, 25 in both
  • Q4 2018: 14%, 27 in both
  • Q1 2019: 15%, 28 in both
  • Q2 2019: 15%, 26 in both
  • Q3 2019: 15%, 28 in both
  • Q4 2019: 16%, 31 in both
  • Q1 2020: 16%, 31 in both
  • Q2 2020: 16%, 28 in both
  • Q3 2020: 18%, 32 in both
  • Q4 2020: 17%, 37 in both
  • Q1 2021: 19%, 38 in both
  • Q2 2021: 20%, 41 in both
  • Q3 2021: 20%, 47 in both
  • Q4 2021: 19%, 48 in both
  • Q1 2022: 17%, 47 in both
  • Q2 2022: 17%, 41 in both
  • Q3 2022: 16%, 40 in both
  • Q4 2022: 15%, 41 in both
  • Q1 2023: 16%, 42 in both
  • Q2 2023: 17%, 43 in both
  • Q3 2023: 18%, 45 in both
  • Q4 2023: 18%, 50 in both
  • Q1 2024: 18%, 49 in both
  • Q2 2024: 19%, 53 in both
  • Q3 2024: 19%, 58 in both
  • Q4 2024: 20%, 60 in both
  • Q1 2025: 22%, 57 in both
  • Q2 2025: 18%, 79 in both
  • Q3 2025: 26%, 79 in both
  • Q4 2025: 25%, 68 in both
  • Q1 2026: 24%, 67 in both
  • Q2 2026: 27%, 73 in both

Only quarters both managers filed. Where either filing has more positions than are read each quarter, a stock both hold below that range is not counted, so the figure is a floor.

What the overlap is made of, Q2 2026

Stocks both listed, by the smaller of the two weights. A weight is the stock’s share of that manager’s reported book, which says how large the position is, not how strongly it is held.

StockPolen Capital Management LLCCapital World Investors
Broadcom Inc(AVGO)6.4%Trimmed5.4%Added
Nvidia Corp(NVDA)6.9%Trimmed2.6%Trimmed
Microsoft Corp(MSFT)6.7%Trimmed2.4%Trimmed
Eli Lilly & Co(LLY)6.9%Trimmed2.3%Added
Taiwan Semiconductor MFG LTD(TSM)2.1%Added1.9%Added
Alphabet Inc(GOOG)6.6%Trimmed1.8%Trimmed
Amazon Com Inc(AMZN)5.8%Trimmed1.7%Added
Facebook Inc Cl A(META)1.6%Trimmed2.7%Trimmed
Visa Inc Cl A(V)5.3%Trimmed1.1%Added
Starbucks Corp(SBUX)3.1%Trimmed1.1%Trimmed
Ge Vernova Inc(GEV)2.0%New0.7%Added
Ge Aerospace(GE)2.2%New0.7%Added
Shopify Inc(SHOP)4.5%Trimmed0.5%Added
Aon PLC(AON)0.5%Trimmed0.5%Added
Intuitive Surgical(ISRG)1.5%Trimmed0.4%Trimmed
Mercadolibre Inc(MELI)0.4%Trimmed0.4%Trimmed
Asml Holding N V(ASML)0.3%Trimmed0.9%Trimmed
Mastercard Inc(MA)5.1%Trimmed0.2%Trimmed
Uber Technologies Inc(UBER)0.4%Trimmed0.1%Added
Ati Inc(ATI)1.4%New0.1%Trimmed

and 53 smaller ones

Moved different ways in Q2 2026

Stocks one manager started or added to while the other trimmed or sold out, between the same two quarter ends. A 13F shows the quarter ends, never when in between anything was bought or sold, or why.

  • Broadcom Inc(AVGO)Polen Capital Management LLC trimmed; Capital World Investors added
  • Alphabet Inc(GOOGL)Polen Capital Management LLC trimmed; Capital World Investors added
  • Eli Lilly & Co(LLY)Polen Capital Management LLC trimmed; Capital World Investors added
  • Amazon Com Inc(AMZN)Polen Capital Management LLC trimmed; Capital World Investors added
  • Apple Inc(AAPL)Polen Capital Management LLC trimmed; Capital World Investors added
  • Visa Inc Cl A(V)Polen Capital Management LLC trimmed; Capital World Investors added
  • G0593m107(AZN)Polen Capital Management LLC trimmed; Capital World Investors added
  • Shopify Inc(SHOP)Polen Capital Management LLC trimmed; Capital World Investors added
  • Aon PLC(AON)Polen Capital Management LLC trimmed; Capital World Investors added
  • Uber Technologies Inc(UBER)Polen Capital Management LLC trimmed; Capital World Investors added
  • Ati Inc(ATI)Polen Capital Management LLC started; Capital World Investors trimmed
  • Technipfmc PLC(FTI)Polen Capital Management LLC trimmed; Capital World Investors added
Polen Capital Management LLC: the recordCapital World Investors: the record

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