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
- 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
- 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.
| Position | Value over time | First listed | Largest | Q2 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 C | Q4 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 A | Q2 2014 | $2.9bnQ1 2022 | $619m | |
| Mastercard Inc(MA)Class A | Q2 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 Shares | Q2 2025 | $1.7bnQ2 2025 | $523m | |
| Msci Inc(MSCI) | Q3 2019 | $1.3bnQ3 2024 | $376m | |
| Salesforce Com Inc(CRM) | Q4 2019 | $2.7bnQ3 2021 | Soldlast listed Q1 2026 | |
| Autodesk Inc(ADSK) | Q1 2020 | $2.0bnQ4 2021 | Soldlast listed Q4 2025 | |
| Unitedhealth Group Inc(UNH) | Q3 2020 | $1.9bnQ4 2021 | Soldlast listed Q4 2025 | |
| PayPal HLDGS Inc(PYPL) | Q1 2019 | $1.9bnQ2 2021 | Soldlast listed Q4 2025 | |
| Thermo Fisher Scientific Inc(TMO) | Q4 2022 | $1.9bnQ1 2024 | Soldlast listed Q4 2025 | |
| Shopify Inc(SHOP)Class A | Q2 2021 | $1.8bnQ4 2024 | Soldlast listed Q1 2025 | |
| Gartner Inc(IT) | Q2 2013 | $1.5bnQ4 2021 | Soldlast listed Q1 2026 | |
| Align Technology Inc(ALGN) | Q1 2016 | $1.4bnQ4 2020 | Soldlast listed Q4 2024 |
Quarter by quarter
Q3 2025: $30.8bn across 232 positions
Against Q2 2025: 52 new, 68 added to, 111 trimmed, 60 sold out, across all 232 positions.
Turnover about 15% of the book, estimated from share changes at quarter-end prices.
Largest additions
- Nvidia Corp (NVDA)+$1.2bn
- Uber Technologies Inc (UBER)+$446m
- iShares MSCI Acwi ETF (ACWI)+$15m
- iShares Tr Russell 1 RUS 1000 GRW ETF (IWF)+$11m
- Bloom Energy Corp (BE)+$9.5m
- Vista Energy S.a.b. de C.v. (VIST)+$6.6m
- Ramaco Res Inc (METC)+$5.2m
- Dlocal LTD (DLO)+$3.1m
Largest reductions
- Thermo Fisher Scientific Inc (TMO)-$833m
- Adobe Sys Inc (ADBE)-$644m
- Amazon Com Inc (AMZN)-$585m
- Netflix Inc (NFLX)-$518m
- Visa Inc Cl A (V)-$511m
- Airbnb Inc (ABNB)-$491m
- Abbott Labs (ABT)-$457m
- Workday Inc (WDAY)-$409m
Opened
- Broadcom Inc (AVGO)$1.5bn
- Boston Scientific Corp (BSX)$547m
- Synopsys Inc (SNPS)$515m
Sold out
- Novo Nordisk (NVO)was $12m
- Loma Negra C I A S A MTN 14 (LOMA)was $2.1m
- Core & Main Inc (CNM)was $2.1m
- Enovix Corporation (ENVX)was $2.0m
- Grupo Financiero Galicia S.a (GGAL)was $2.0m
- Exlservice Holdings Inc (EXLS)was $1.8m
- Goosehead Ins Inc (GSHD)was $1.7m
- Paylocity HLDG Corp (PCTY)was $1.7m
Largest positions, Q3 2025
The largest 25 of 232 reported positions.
| Position | Value | Weight | On the quarter |
|---|---|---|---|
| Oracle Corp (ORCL) | $2.6bn | 8.5% | Trimmed |
| Microsoft Corp (MSFT) | $2.6bn | 8.4% | Trimmed |
| Amazon Com Inc (AMZN) | $2.5bn | 8.0% | Trimmed |
| Shopify Inc (SHOP) | $1.6bn | 5.3% | Trimmed |
| Mastercard Inc (MA) | $1.6bn | 5.1% | Trimmed |
| Visa Inc Cl A (V) | $1.5bn | 4.8% | Trimmed |
| Broadcom Inc (AVGO) | $1.5bn | 4.8% | New |
| Eli Lilly & Co (LLY) | $1.2bn | 4.0% | Trimmed |
| Nvidia Corp (NVDA) | $1.2bn | 3.8% | Added |
| Alphabet Inc (GOOG) | $1.1bn | 3.7% | Trimmed |
| Zoetis Inc (ZTS) | $1.1bn | 3.6% | Trimmed |
| Servicenow Inc (NOW) | $1.0bn | 3.4% | Trimmed |
| Abbott Labs (ABT) | $994m | 3.2% | Trimmed |
| Msci Inc (MSCI) | $899m | 2.9% | Trimmed |
| Aon PLC (AON) | $888m | 2.9% | Trimmed |
| Starbucks Corp (SBUX) | $751m | 2.4% | Trimmed |
| Idexx Labs Inc (IDXX) | $720m | 2.3% | Trimmed |
| Adobe Sys Inc (ADBE) | $655m | 2.1% | Trimmed |
| Accenture Ltd (ACN) | $607m | 2.0% | Trimmed |
| Netflix Inc (NFLX) | $574m | 1.9% | Trimmed |
| Paycom Software Inc (PAYC) | $549m | 1.8% | Trimmed |
| Boston Scientific Corp (BSX) | $547m | 1.8% | New |
| Costar Group Inc (CSGP) | $538m | 1.7% | Trimmed |
| Synopsys Inc (SNPS) | $515m | 1.7% | New |
| Airbnb Inc (ABNB) | $483m | 1.6% | 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.
| Manager | Overlap | Stocks in both | Overlap over time | |
|---|---|---|---|---|
| Capital Research Global Investors | 36% | 66 | Compare | |
| Janus Henderson Group Ltd | at least 32% | 65 | Compare | |
| Tiger Global Management LLC | 30% | 19 | Compare | |
| T. Rowe Price Associates Inc | at least 29% | 71 | Compare | |
| Fidelity (FMR LLC) | at least 28% | 73 | Compare | |
| Capital World Investors | at least 27% | 73 | Compare | |
| AllianceBernstein LP | at least 27% | 68 | Compare | |
| Egerton Capital UK LLP | 26% | 7 | Compare |
“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.
| Quarter | Filer | Book | Amended | Filing |
|---|---|---|---|---|
| Q2 2026 | Polen Capital Management LLC | $11.6bn | 13F-HR | |
| Q1 2026 | Polen Capital Management LLC | $14.5bn | 13F-HR | |
| Q4 2025 | Polen Capital Management LLC | $23.4bn | 13F-HR | |
| Q3 2025 | Polen Capital Management LLC | $30.8bn | 13F-HR | |
| Q2 2025 | Polen Capital Management LLC | $32.6bn | 13F-HR | |
| Q1 2025 | Polen Capital Management LLC | $31.8bn | 13F-HR | |
| Q4 2024 | Polen Capital Management LLC | $37.0bn | 13F-HR | |
| Q3 2024 | Polen Capital Management LLC | $38.7bn | 13F-HR | |
| Q2 2024 | Polen Capital Management LLC | $39.9bn | 13F-HR | |
| Q1 2024 | Polen Capital Management LLC | $43.3bn | 13F-HR | |
| Q4 2023 | Polen Capital Management LLC | $41.5bn | 13F-HR | |
| Q3 2023 | Polen Capital Management LLC | $38.0bn | 13F-HR | |
| Q2 2023 | Polen Capital Management LLC | $40.3bn | 13F-HR | |
| Q1 2023 | Polen Capital Management LLC | $37.9bn | 13F-HR | |
| Q4 2022 | Polen Capital Management LLC | $34.3bn | 13F-HR | |
| Q3 2022 | Polen Capital Management LLC | $35.8bn | 13F-HR | |
| Q2 2022 | Polen Capital Management LLC | $37.9bn | 13F-HR | |
| Q1 2022 | Polen Capital Management LLC | $51.3bn | 13F-HR | |
| Q4 2021 | Polen Capital Management LLC | $59.5bn | 13F-HR | |
| Q3 2021 | Polen Capital Management LLC | $54.5bn | 13F-HR | |
| Q2 2021 | Polen Capital Management LLC | $52.2bn | 13F-HR | |
| Q1 2021 | Polen Capital Management LLC | $44.5bn | 13F-HR | |
| Q4 2020 | Polen Capital Management LLC | $43.0bn | 13F-HR | |
| Q3 2020 | Polen Capital Management LLC | $37.4bn | 13F-HR | |
| Q2 2020 | Polen Capital Management LLC | $33.1bn | 13F-HR | |
| Q1 2020 | Polen Capital Management LLC | $23.1bn | 13F-HR | |
| Q4 2019 | Polen Capital Management LLC | $25.4bn | 13F-HR | |
| Q3 2019 | Polen Capital Management LLC | $21.7bn | 13F-HR | |
| Q2 2019 | Polen Capital Management LLC | $20.6bn | 13F-HR | |
| Q1 2019 | Polen Capital Management LLC | $19.1bn | 13F-HR | |
| Q4 2018 | Polen Capital Management LLC | $15.3bn | 13F-HR | |
| Q3 2018 | Polen Capital Management LLC | $17.6bn | 13F-HR | |
| Q2 2018 | Polen Capital Management LLC | $15.6bn | 13F-HR | |
| Q1 2018 | Polen Capital Management LLC | $14.1bn | 13F-HR | |
| Q4 2017 | Polen Capital Management LLC | $13.5bn | 13F-HR | |
| Q3 2017 | Polen Capital Management LLC | $12.4bn | 13F-HR | |
| Q2 2017 | Polen Capital Management LLC | $11.4bn | 13F-HR | |
| Q1 2017 | Polen Capital Management LLC | $10.7bn | 13F-HR | |
| Q4 2016 | Polen Capital Management LLC | $9.1bn | 13F-HR | |
| Q3 2016 | Polen Capital Management LLC | $8.4bn | 13F-HR | |
| Q2 2016 | Polen Capital Management LLC | $7.9bn | 13F-HR | |
| Q1 2016 | Polen Capital Management LLC | $7.3bn | 13F-HR | |
| Q4 2015 | Polen Capital Management LLC | $6.5bn | 13F-HR | |
| Q3 2015 | Polen Capital Management LLC | $5.5bn | 13F-HR | |
| Q2 2015 | Polen Capital Management LLC | $5.2bn | 13F-HR | |
| Q1 2015 | Polen Capital Management LLC | $5.1bn | 13F-HR | |
| Q4 2014 | Polen Capital Management LLC | $4.9bn | 13F-HR | |
| Q3 2014 | Polen Capital Management LLC | $4.4bn | 13F-HR | |
| Q2 2014 | Polen Capital Management LLC | $4.6bn | 13F-HR | |
| Q1 2014 | Polen Capital Management LLC | $4.6bn | 13F-HR | |
| Q4 2013 | Polen Capital Management LLC | $4.5bn | 13F-HR | |
| Q3 2013 | Polen Capital Management LLC | $4.3bn | 13F-HR | |
| Q2 2013 | Polen Capital Management LLC | $4.2bn | 13F-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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