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← Polen Capital Management LLC, latest filing

What Polen Capital Management LLC changed, 2013 to 2026

53 quarterly 13F filings, from Q2 2013 to Q2 2026, each read from the filing itself. A quarter is compared only with the quarter before it, so a quarter with no filing is a gap in the record, not a sale.

Reported book

$11.6bn

$4.2bn at Q2 2013

Positions

219

26 at Q2 2013

Top ten weight

59%

66% at Q2 2013

Typical quarterly turnover

about 5%

Estimated from share changes

Reported book by quarter
$0$30bn$60bnQ2 2013: $4.2bnQ3 2013: $4.3bnQ4 2013: $4.5bnQ1 2014: $4.6bn14Q2 2014: $4.6bnQ3 2014: $4.4bnQ4 2014: $4.9bnQ1 2015: $5.1bn15Q2 2015: $5.2bnQ3 2015: $5.5bnQ4 2015: $6.5bnQ1 2016: $7.3bn16Q2 2016: $7.9bnQ3 2016: $8.4bnQ4 2016: $9.1bnQ1 2017: $10.7bn17Q2 2017: $11.4bnQ3 2017: $12.4bnQ4 2017: $13.5bnQ1 2018: $14.1bn18Q2 2018: $15.6bnQ3 2018: $17.6bnQ4 2018: $15.3bnQ1 2019: $19.1bn19Q2 2019: $20.6bnQ3 2019: $21.7bnQ4 2019: $25.4bnQ1 2020: $23.1bn20Q2 2020: $33.1bnQ3 2020: $37.4bnQ4 2020: $43.0bnQ1 2021: $44.5bn21Q2 2021: $52.2bnQ3 2021: $54.5bnQ4 2021: $59.5bnQ1 2022: $51.3bn22Q2 2022: $37.9bnQ3 2022: $35.8bnQ4 2022: $34.3bnQ1 2023: $37.9bn23Q2 2023: $40.3bnQ3 2023: $38.0bnQ4 2023: $41.5bnQ1 2024: $43.3bn24Q2 2024: $39.9bnQ3 2024: $38.7bnQ4 2024: $37.0bnQ1 2025: $31.8bn25Q2 2025: $32.6bnQ3 2025: $30.8bnQ4 2025: $23.4bnQ1 2026: $14.5bn26Q2 2026: $11.6bn
  • Q2 2013: $4.2bn
  • Q3 2013: $4.3bn
  • Q4 2013: $4.5bn
  • Q1 2014: $4.6bn
  • Q2 2014: $4.6bn
  • Q3 2014: $4.4bn
  • Q4 2014: $4.9bn
  • Q1 2015: $5.1bn
  • Q2 2015: $5.2bn
  • Q3 2015: $5.5bn
  • Q4 2015: $6.5bn
  • Q1 2016: $7.3bn
  • Q2 2016: $7.9bn
  • Q3 2016: $8.4bn
  • Q4 2016: $9.1bn
  • Q1 2017: $10.7bn
  • Q2 2017: $11.4bn
  • Q3 2017: $12.4bn
  • Q4 2017: $13.5bn
  • Q1 2018: $14.1bn
  • Q2 2018: $15.6bn
  • Q3 2018: $17.6bn
  • Q4 2018: $15.3bn
  • Q1 2019: $19.1bn
  • Q2 2019: $20.6bn
  • Q3 2019: $21.7bn
  • Q4 2019: $25.4bn
  • Q1 2020: $23.1bn
  • Q2 2020: $33.1bn
  • Q3 2020: $37.4bn
  • Q4 2020: $43.0bn
  • Q1 2021: $44.5bn
  • Q2 2021: $52.2bn
  • Q3 2021: $54.5bn
  • Q4 2021: $59.5bn
  • Q1 2022: $51.3bn
  • Q2 2022: $37.9bn
  • Q3 2022: $35.8bn
  • Q4 2022: $34.3bn
  • Q1 2023: $37.9bn
  • Q2 2023: $40.3bn
  • Q3 2023: $38.0bn
  • Q4 2023: $41.5bn
  • Q1 2024: $43.3bn
  • Q2 2024: $39.9bn
  • Q3 2024: $38.7bn
  • Q4 2024: $37.0bn
  • Q1 2025: $31.8bn
  • Q2 2025: $32.6bn
  • Q3 2025: $30.8bn
  • Q4 2025: $23.4bn
  • Q1 2026: $14.5bn
  • Q2 2026: $11.6bn
Share of the book in the ten largest positions
0%34%68%Q2 2013: 66%Q3 2013: 65%Q4 2013: 68%Q1 2014: 66%14Q2 2014: 61%Q3 2014: 60%Q4 2014: 58%Q1 2015: 59%15Q2 2015: 59%Q3 2015: 58%Q4 2015: 58%Q1 2016: 58%16Q2 2016: 59%Q3 2016: 61%Q4 2016: 61%Q1 2017: 61%17Q2 2017: 67%Q3 2017: 64%Q4 2017: 64%Q1 2018: 64%18Q2 2018: 65%Q3 2018: 63%Q4 2018: 65%Q1 2019: 63%19Q2 2019: 66%Q3 2019: 66%Q4 2019: 63%Q1 2020: 63%20Q2 2020: 62%Q3 2020: 61%Q4 2020: 58%Q1 2021: 59%21Q2 2021: 59%Q3 2021: 57%Q4 2021: 56%Q1 2022: 60%22Q2 2022: 63%Q3 2022: 60%Q4 2022: 59%Q1 2023: 61%23Q2 2023: 62%Q3 2023: 61%Q4 2023: 64%Q1 2024: 64%24Q2 2024: 63%Q3 2024: 58%Q4 2024: 58%Q1 2025: 57%25Q2 2025: 59%Q3 2025: 56%Q4 2025: 58%Q1 2026: 56%26Q2 2026: 59%
  • Q2 2013: 66%
  • Q3 2013: 65%
  • Q4 2013: 68%
  • Q1 2014: 66%
  • Q2 2014: 61%
  • Q3 2014: 60%
  • Q4 2014: 58%
  • Q1 2015: 59%
  • Q2 2015: 59%
  • Q3 2015: 58%
  • Q4 2015: 58%
  • Q1 2016: 58%
  • Q2 2016: 59%
  • Q3 2016: 61%
  • Q4 2016: 61%
  • Q1 2017: 61%
  • Q2 2017: 67%
  • Q3 2017: 64%
  • Q4 2017: 64%
  • Q1 2018: 64%
  • Q2 2018: 65%
  • Q3 2018: 63%
  • Q4 2018: 65%
  • Q1 2019: 63%
  • Q2 2019: 66%
  • Q3 2019: 66%
  • Q4 2019: 63%
  • Q1 2020: 63%
  • Q2 2020: 62%
  • Q3 2020: 61%
  • Q4 2020: 58%
  • Q1 2021: 59%
  • Q2 2021: 59%
  • Q3 2021: 57%
  • Q4 2021: 56%
  • Q1 2022: 60%
  • Q2 2022: 63%
  • Q3 2022: 60%
  • Q4 2022: 59%
  • Q1 2023: 61%
  • Q2 2023: 62%
  • Q3 2023: 61%
  • Q4 2023: 64%
  • Q1 2024: 64%
  • Q2 2024: 63%
  • Q3 2024: 58%
  • Q4 2024: 58%
  • Q1 2025: 57%
  • Q2 2025: 59%
  • Q3 2025: 56%
  • Q4 2025: 58%
  • Q1 2026: 56%
  • Q2 2026: 59%

The positions that defined it

Every position that was ever among the 25 largest: when it first appeared, when it was largest, and where it stands in Q2 2026. The line is its reported value each quarter.

PositionValue over timeFirst listedLargestQ2 2026
Eli Lilly & Co(LLY)Q3 2023$1.4bnQ1 2025$800m
Nvidia Corp(NVDA)Q3 2018$1.2bnQ3 2025$796m
Microsoft Corp(MSFT)Q3 2017$4.3bnQ2 2021$783m
Alphabet Inc(GOOG)Capital Stock Class CQ4 2015$4.6bnQ4 2021$765m
Broadcom Inc(AVGO)Q3 2025$1.5bnQ3 2025$740m
Amazon Com Inc(AMZN)Q1 2021$6.2bnQ1 2024$670m
Visa Inc Cl A(V)Common Class AQ2 2014$2.9bnQ1 2022$619m
Mastercard Inc(MA)Class AQ2 2014$2.9bnQ4 2021$587m
Servicenow Inc(NOW)Q4 2019$2.7bnQ4 2023$533m
Oracle Corp(ORCL)Q2 2013$2.6bnQ2 2025$524m
Shopify Inc(SHOP)Class A SUB Voting SharesQ2 2025$1.7bnQ2 2025$523m
Msci Inc(MSCI)Q3 2019$1.3bnQ3 2024$376m
Salesforce Com Inc(CRM)Q4 2019$2.7bnQ3 2021Soldlast listed Q1 2026
Autodesk Inc(ADSK)Q1 2020$2.0bnQ4 2021Soldlast listed Q4 2025
Unitedhealth Group Inc(UNH)Q3 2020$1.9bnQ4 2021Soldlast listed Q4 2025
PayPal HLDGS Inc(PYPL)Q1 2019$1.9bnQ2 2021Soldlast listed Q4 2025
Thermo Fisher Scientific Inc(TMO)Q4 2022$1.9bnQ1 2024Soldlast listed Q4 2025
Shopify Inc(SHOP)Class AQ2 2021$1.8bnQ4 2024Soldlast listed Q1 2025
Gartner Inc(IT)Q2 2013$1.5bnQ4 2021Soldlast listed Q1 2026
Align Technology Inc(ALGN)Q1 2016$1.4bnQ4 2020Soldlast listed Q4 2024

Quarter by quarter

2026Q1Q2
2025Q1Q2Q3Q4
2024Q1Q2Q3Q4
2023Q1Q2Q3Q4
2022Q1Q2Q3Q4
2021Q1Q2Q3Q4
2020Q1Q2Q3Q4
2019Q1Q2Q3Q4
2018Q1Q2Q3Q4
2017Q1Q2Q3Q4
2016Q1Q2Q3Q4
2015Q1Q2Q3Q4
2014Q1Q2Q3Q4
2013Q2Q3Q4

Q2 2022: $37.9bn across 84 positions

Against Q1 2022: 6 new, 20 added to, 56 trimmed, 13 sold out, across all 84 positions.

Turnover about 6% of the book, estimated from share changes at quarter-end prices.

Largest additions

  • Auto Data Processing (ADP)+$27m
  • iShares MSCI Acwi ETF (ACWI)+$11m
  • Five Below Inc (FIVE)+$6.8m
  • Hamilton Lane Inc (HLNE)+$1.3m
  • Tencent Music Entmt Group (TME)+$176k
  • Myt Netherlands Parent B V (LUXE)+$56k
  • Karooooo LTD (KARO)+-$272k
  • The Trade Desk Inc (TTD)+-$891k

Largest reductions

  • Airbnb Inc (ABNB)-$1.1bn
  • Netflix Inc (NFLX)-$1.0bn
  • Alphabet Inc (GOOG)-$1.0bn
  • Abbott Labs (ABT)-$984m
  • Microsoft Corp (MSFT)-$587m
  • Salesforce Com Inc (CRM)-$518m
  • Visa Inc Cl A (V)-$425m
  • Mastercard Inc (MA)-$424m

Opened

Nothing new among the largest positions.

Sold out

  • Msci Inc (MSCI)was $431m
  • Trupanion Inc (TRUP)was $18m
  • Malibu Boats Inc (MBUU)was $7.4m
  • Bigcommerce HLDGS Inc (CMRC)was $6.3m
  • Aspen Technology Incwas $4.2m
  • Regeneron Pharma Inc (REGN)was $966k
  • Medpace HLDGS Inc (MEDP)was $745k
  • O Reilly Automotive (ORLY)was $709k

Largest positions, Q2 2022

The largest 25 of 84 reported positions.

PositionValueWeightOn the quarter
Amazon Com Inc (AMZN)$4.0bn10.5%Added
Alphabet Inc (GOOG)$3.1bn8.2%Trimmed
Adobe Sys Inc (ADBE)$2.5bn6.6%Added
Visa Inc Cl A (V)$2.5bn6.5%Trimmed
Microsoft Corp (MSFT)$2.4bn6.4%Trimmed
Mastercard Inc (MA)$2.4bn6.4%Trimmed
Facebook Inc Cl A (META)$2.1bn5.6%Added
Abbott Labs (ABT)$1.7bn4.4%Trimmed
Salesforce Com Inc (CRM)$1.6bn4.3%Trimmed
Accenture Ltd (ACN)$1.6bn4.2%Trimmed
Unitedhealth Group Inc (UNH)$1.5bn3.9%Trimmed
Servicenow Inc (NOW)$1.5bn3.9%Trimmed
Autodesk Inc (ADSK)$1.4bn3.8%Trimmed
Airbnb Inc (ABNB)$1.1bn3.0%Trimmed
Zoetis Inc (ZTS)$1.0bn2.7%Trimmed
PayPal HLDGS Inc (PYPL)$906m2.4%Added
Netflix Inc (NFLX)$833m2.2%Trimmed
Nike Inc Cl B (NKE)$815m2.1%Trimmed
Gartner Inc (IT)$724m1.9%Trimmed
Intuitive Surgical (ISRG)$690m1.8%Trimmed
Illumina Inc (ILMN)$514m1.4%Added
Docusign Inc (DOCU)$494m1.3%Added
Align Technology Inc (ALGN)$454m1.2%Added
Alphabet Inc (GOOGL)$388m1.0%Trimmed
Icon PLC (ICLR)$304m0.8%Trimmed

The books most like this one

Among the managers whose filings are on file, at Q2 2026. Overlap is the share of the two books that is the same: for every stock both list, the smaller of its two weights, added up. Two books can overlap because both own the largest companies; it says nothing about whether the managers agree.

ManagerOverlapStocks in bothOverlap over time
Capital Research Global Investors36%66Compare
Janus Henderson Group Ltdat least 32%65Compare
Tiger Global Management LLC30%19Compare
T. Rowe Price Associates Incat least 29%71Compare
Fidelity (FMR LLC)at least 28%73Compare
Capital World Investorsat least 27%73Compare
AllianceBernstein LPat least 27%68Compare
Egerton Capital UK LLP26%7Compare

“At least” where either manager has more positions than are read each quarter: a stock both hold below that range is not counted.

The filings behind it

Every quarter above is one 13F holdings report, with any amendment the filer made to it applied in the order it was filed. Where the reporting entity changed, each quarter keeps the filer that actually reported it.

QuarterFilerBookAmendedFiling
Q2 2026Polen Capital Management LLC$11.6bn13F-HR
Q1 2026Polen Capital Management LLC$14.5bn13F-HR
Q4 2025Polen Capital Management LLC$23.4bn13F-HR
Q3 2025Polen Capital Management LLC$30.8bn13F-HR
Q2 2025Polen Capital Management LLC$32.6bn13F-HR
Q1 2025Polen Capital Management LLC$31.8bn13F-HR
Q4 2024Polen Capital Management LLC$37.0bn13F-HR
Q3 2024Polen Capital Management LLC$38.7bn13F-HR
Q2 2024Polen Capital Management LLC$39.9bn13F-HR
Q1 2024Polen Capital Management LLC$43.3bn13F-HR
Q4 2023Polen Capital Management LLC$41.5bn13F-HR
Q3 2023Polen Capital Management LLC$38.0bn13F-HR
Q2 2023Polen Capital Management LLC$40.3bn13F-HR
Q1 2023Polen Capital Management LLC$37.9bn13F-HR
Q4 2022Polen Capital Management LLC$34.3bn13F-HR
Q3 2022Polen Capital Management LLC$35.8bn13F-HR
Q2 2022Polen Capital Management LLC$37.9bn13F-HR
Q1 2022Polen Capital Management LLC$51.3bn13F-HR
Q4 2021Polen Capital Management LLC$59.5bn13F-HR
Q3 2021Polen Capital Management LLC$54.5bn13F-HR
Q2 2021Polen Capital Management LLC$52.2bn13F-HR
Q1 2021Polen Capital Management LLC$44.5bn13F-HR
Q4 2020Polen Capital Management LLC$43.0bn13F-HR
Q3 2020Polen Capital Management LLC$37.4bn13F-HR
Q2 2020Polen Capital Management LLC$33.1bn13F-HR
Q1 2020Polen Capital Management LLC$23.1bn13F-HR
Q4 2019Polen Capital Management LLC$25.4bn13F-HR
Q3 2019Polen Capital Management LLC$21.7bn13F-HR
Q2 2019Polen Capital Management LLC$20.6bn13F-HR
Q1 2019Polen Capital Management LLC$19.1bn13F-HR
Q4 2018Polen Capital Management LLC$15.3bn13F-HR
Q3 2018Polen Capital Management LLC$17.6bn13F-HR
Q2 2018Polen Capital Management LLC$15.6bn13F-HR
Q1 2018Polen Capital Management LLC$14.1bn13F-HR
Q4 2017Polen Capital Management LLC$13.5bn13F-HR
Q3 2017Polen Capital Management LLC$12.4bn13F-HR
Q2 2017Polen Capital Management LLC$11.4bn13F-HR
Q1 2017Polen Capital Management LLC$10.7bn13F-HR
Q4 2016Polen Capital Management LLC$9.1bn13F-HR
Q3 2016Polen Capital Management LLC$8.4bn13F-HR
Q2 2016Polen Capital Management LLC$7.9bn13F-HR
Q1 2016Polen Capital Management LLC$7.3bn13F-HR
Q4 2015Polen Capital Management LLC$6.5bn13F-HR
Q3 2015Polen Capital Management LLC$5.5bn13F-HR
Q2 2015Polen Capital Management LLC$5.2bn13F-HR
Q1 2015Polen Capital Management LLC$5.1bn13F-HR
Q4 2014Polen Capital Management LLC$4.9bn13F-HR
Q3 2014Polen Capital Management LLC$4.4bn13F-HR
Q2 2014Polen Capital Management LLC$4.6bn13F-HR
Q1 2014Polen Capital Management LLC$4.6bn13F-HR
Q4 2013Polen Capital Management LLC$4.5bn13F-HR
Q3 2013Polen Capital Management LLC$4.3bn13F-HR
Q2 2013Polen Capital Management LLC$4.2bn13F-HR

Reading this record

A 13F lists US-listed long equity and options at the quarter end, filed up to 45 days later. It shows what was held, not when it was bought or at what price, and nothing short. Where a quarter lists only the largest positions, a name missing from it may still be held below that range; the counts of what was opened and sold always cover the whole filing.

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