What Polen Capital Bought in Q4 2025

Polen Capital Management · Quarterly 13F recap as filed with the SEC.

Period: 2025-12-31 · Filed · Historical

$23.42B

Total Value

234

Holdings

59

New Buys

105

Reduced

In Q4 2025, Polen Capital reported 234 long equity positions worth $23.42B in their Polen Capital Management 13F filing, including 59 new positions (largest: Intuitive Surgical at $477.2M) and 61 increased positions.

RankTickerCompanySharesValue% PortfolioChange
1AMZNAMAZON COM INC8653721$2.00B8.53%+-23.1%
2MSFTMICROSOFT CORP3909985$1.89B8.07%-22.1%
3ORCLORACLE CORP7185496$1.40B5.98%-22.6%
4LLYELI LILLY & CO1246090$1.34B5.72%-23.2%
5GOOGALPHABET INC4018121$1.26B5.38%-13.4%
6AVGOBROADCOM INC3531637$1.22B5.22%-21.3%
7MAMASTERCARD INCORPORATED2131727$1.22B5.20%-22.2%
8VVISA INC3375342$1.18B5.05%-22.2%
9SHOPSHOPIFY INC7201872$1.16B4.95%+-34.9%
10NVDANVIDIA CORPORATION5328112$993.7M4.24%-15.4%
11NOWSERVICENOW INC5680788$870.2M3.72%+405.4%
12MSCIMSCI INC1331085$763.7M3.26%-16.0%
13ZTSZOETIS INC5562669$699.9M2.99%-26.0%
14AONAON PLC1846294$651.5M2.78%-25.9%
15IDXXIDEXX LABS INC960537$649.8M2.77%+-14.8%
16SBUXSTARBUCKS CORP6785308$571.4M2.44%-23.6%
17ACNACCENTURE PLC IRELAND1882707$505.1M2.16%-23.5%
18ABTABBOTT LABS3962230$496.4M2.12%-46.6%
19ISRGIntuitive Surgical842618$477.2M2.04%NEW
20ADBEADOBE INC1345588$470.9M2.01%-27.5%
21ABNBAIRBNB INC3030730$411.3M1.76%-23.7%
22SNPSSYNOPSYS INC844881$396.9M1.69%+-19.1%
23BSXBOSTON SCIENTIFIC CORP4019552$383.3M1.64%-28.2%
24IWFISHARES TR776086$367.3M1.57%+240.6%
25INTUINTUIT512656$339.6M1.45%-22.5%
26CSGPCOSTAR GROUP INC4890936$328.9M1.40%-23.4%
27PAYCPAYCOM SOFTWARE INC1835028$292.4M1.25%-30.4%
28UBERUBER TECHNOLOGIES INC3565793$291.4M1.24%-22.0%
29MELIMERCADOLIBRE INC47920$96.5M0.41%-3.2%
30ACWIISHARES TR610133$86.3M0.37%+220.4%
31TSMTAIWAN SEMICONDUCTOR MFG LTD200593$61.0M0.26%+13.3%
32SAPSAP SE233332$56.7M0.24%-32.4%
33SPOTSPOTIFY TECHNOLOGY S A71658$41.6M0.18%+547.0%
34NUNU HLDGS LTD1157836$19.4M0.08%-24.9%
35ICLRICON PLC105206$19.2M0.08%-76.3%
36NFLXNETFLIX INC173797$16.3M0.07%-63.7%
37VUGVANGUARD INDEX FDS33124$16.2M0.07%+184.9%
38HDBHDFC BANK LTD367007$13.4M0.06%-38.1%
39ASMLASML HOLDING N V11195$12.0M0.05%-43.5%
40MNDYMONDAY COM LTD79332$11.7M0.05%+-36.9%
41GOOGLALPHABET INC30864$9.7M0.04%-93.5%
42IVViShares Core S&P 500 ETF13669$9.4M0.04%NEW
43ONONON HLDG AG194483$9.0M0.04%-24.7%
44WTWWILLIS TOWERS WATSON PLC LTD27425$9.0M0.04%+-87.5%
45ACWXISHARES TR126761$8.5M0.04%105.7%
46MDTMEDTRONIC PLC84500$8.1M0.03%+-32.4%
47AGXARGAN INC24886$7.8M0.03%-33.7%
48WGSGENEDX HOLDINGS CORP59861$7.8M0.03%-12.2%
49TMETENCENT MUSIC ENTMT GROUP412467$7.2M0.03%-26.5%
50DLODLOCAL LTD466809$6.6M0.03%-33.3%
51BEBLOOM ENERGY CORP75434$6.6M0.03%+-42.6%
52POWLPOWELL INDS INC20341$6.5M0.03%-12.9%
53VSECUVSE CORP34390$5.9M0.03%-0.1%
54GLOBGLOBANT S A90462$5.9M0.03%+-33.0%
55BWXTBWX TECHNOLOGIES INC32328$5.6M0.02%-12.0%
56SESEA LTD42710$5.4M0.02%-39.2%
57ADPTADAPTIVE BIOTECHNOLOGIES COR325767$5.3M0.02%+11.9%
58VTVANGUARD INTL EQUITY INDEX F33592$4.7M0.02%632.5%
59SPYSPDR S&P 500 ETF6717$4.6M0.02%+167.9%
60MMYTMAKEMYTRIP LIMITED MAURITIUS53658$4.4M0.02%-38.5%
61RHLDRESOLUTE HLDGS MGMT INC20915$4.3M0.02%
62IESCIES HLDGS INC10941$4.3M0.02%-9.9%
63CECOCECO ENVIRONMENTAL CORP69775$4.2M0.02%+15.9%
64BELFBBEL FUSE INC22522$3.8M0.02%+15.3%
65CVNACARVANA CO8974$3.8M0.02%+-14.2%
66IBNICICI Bank123872$3.7M0.02%-44.8%
67TSLATESLA INC8171$3.7M0.02%-4.9%
68PDDPDD HOLDINGS INC31329$3.6M0.02%-50.5%
69HCIIPHCI GROUP INC18126$3.5M0.01%-0.2%
70KAROKAROOOOO LTD74821$3.4M0.01%-9.4%
71JOBY-WTJOBY AVIATION INC250067$3.3M0.01%-21.4%
72SOFISOFI TECHNOLOGIES INC117450$3.1M0.01%-18.0%
73BBIOBRIDGEBIO PHARMA INC38241$2.9M0.01%+5.7%
74ATROASTRONICS CORP53691$2.9M0.01%-0.6%
75REALTHE REALREAL INC175088$2.8M0.01%142.9%
76WWAYFAIR INC26857$2.7M0.01%-10.1%
77IRMDIRADIMED CORP26891$2.6M0.01%-5.5%
78DAVEWDAVE INC11805$2.6M0.01%-5.0%
79HURNHURON CONSULTING GROUP INC15086$2.6M0.01%+46.5%
80CCJCAMECO CORP28174$2.6M0.01%-27.1%
81IEIVANHOE ELECTRIC INC157882$2.5M0.01%-16.1%
82AFRMAFFIRM HLDGS INC32969$2.5M0.01%-0.4%
83WDAYWORKDAY INC10782$2.3M0.01%-99.4%
84LASRNLIGHT INC61624$2.3M0.01%+18.9%
85AMPXAMPRIUS TECHNOLOGIES INC288290$2.3M0.01%-15.1%
86CATHGLOBAL X FDS27566$2.3M0.01%-10.7%
87SPHRSPHERE ENTERTAINMENT CO23828$2.3M0.01%NEW
88ITGARTNER INC8753$2.2M0.01%-5.7%
89PLPLANET LABS PBC111538$2.2M0.01%NEW
90FSLRFIRST SOLAR INC8302$2.2M0.01%+-26.0%
91BKDBROOKDALE SR LIVING INC200588$2.2M0.01%+20.2%
92BWXTBWX TECHNOLOGIES INC12500$2.2M0.01%NEW
93AAPLAPPLE INC7724$2.1M0.01%+-49.7%
94ATECALPHATEC HLDGS INC95761$2.0M0.01%+85.2%
95GHGUARDANT HEALTH INC19667$2.0M0.01%+13.9%
96MODMODINE MFG CO14309$1.9M0.01%-56.0%
97CRSCARPENTER TECHNOLOGY CORP6062$1.9M0.01%-0.4%
98VTIVanguard Total Stock Market ETF5677$1.9M0.01%NEW
99BEBLOOM ENERGY CORP21600$1.9M0.01%NEW
100MIRMIRION TECHNOLOGIES INC79419$1.9M0.01%+4.3%
101BFLYBUTTERFLY NETWORK INC472971$1.8M0.01%NEW
102PTGXPROTAGONIST THERAPEUTICS INC20349$1.8M0.01%+0.1%
103RDVTRED VIOLET INC30328$1.7M0.01%+0.3%
104IRSIRSA INVERSIONES Y REP S A102911$1.7M0.01%8.0%
105FTITECHNIPFMC PLC35915$1.6M0.01%-29.5%
106METCRAMACO RES INC88507$1.6M0.01%+-51.5%
107KTOSKRATOS DEFENSE & SEC SOLUTIO19697$1.5M0.01%-17.0%
108YOUCLEAR SECURE INC39325$1.4M0.01%+36.2%
109OPLNOPENLANE INC46259$1.4M0.01%-3.1%
110CAAPCORPORACION AMER ARPTS S A51919$1.3M0.01%+18.9%
111TMOTHERMO FISHER SCIENTIFIC INC2307$1.3M0.01%+-98.0%
112XMTRXOMETRY INC22321$1.3M0.01%169.3%
113PGYPAGAYA TECHNOLOGIES LTD63497$1.3M0.01%-16.3%
114TMDXTRANSMEDICS GROUP INC10828$1.3M0.01%90.3%
115SEISOLARIS ENERGY INFRAS INC28597$1.3M0.01%NEW
116EROERO COPPER CORP45544$1.3M0.01%NEW
117SIONSIONNA THERAPEUTICS INC31258$1.3M0.01%
118ESTAESTABLISHMENT LABS HLDGS INC17475$1.3M0.01%NEW
119ESQESQUIRE FINL HLDGS INC11709$1.2M0.01%
120OPYOPPENHEIMER HLDGS INC16343$1.2M0.01%
121PLPCPREFORMED LINE PRODS CO5660$1.2M0.00%
122GRALGRAIL INC13526$1.2M0.00%-18.9%
123LQDALIQUIDIA CORPORATION33538$1.2M0.00%NEW
124KODKODIAK SCIENCES INC41340$1.2M0.00%+91.7%
125GGALGRUPO FINANCIERO GALICIA S.A21373$1.2M0.00%NEW
126ROADCONSTRUCTION PARTNERS INC10615$1.2M0.00%-2.4%
127AORTARTIVION INC25259$1.2M0.00%NEW
128CRDOCREDO TECHNOLOGY GROUP HOLDI7915$1.1M0.00%+-21.7%
129HHHHOWARD HUGHES HOLDINGS INC13980$1.1M0.00%-41.3%
130SOFISOFI TECHNOLOGIES INC41800$1.1M0.00%NEW
131RKLBROCKET LAB CORP15324$1.1M0.00%NEW
132MIRMMIRUM PHARMACEUTICALS INC13360$1.1M0.00%+0.2%
133XERSXERIS BIOPHARMA HOLDINGS INC133416$1.0M0.00%+0.2%
134CEGCONSTELLATION ENERGY CORP2812$993K0.00%-33.0%
135MLCMFMILLICOM INTL CELLULAR S A17685$980K0.00%+0.1%
136ASTEASTEC INDS INC22344$968K0.00%+23.4%
137SRRKSCHOLAR ROCK HLDG CORP21762$959K0.00%+20.5%
138AXAXOS FINANCIAL INC10986$947K0.00%19.7%
139KURAKURA ONCOLOGY INC90847$944K0.00%NEW
140TDUPTHREDUP INC145615$930K0.00%+31.9%
141SMRNUSCALE PWR CORP64615$916K0.00%-22.7%
142TSHATAYSHA GENE THERAPIES INC156586$861K0.00%NEW
143UPWKUPWORK INC43111$854K0.00%+278.7%
144BWBABCOCK & WILCOX ENTERPRISES122280$775K0.00%NEW
145ASPIASP ISOTOPES INC139511$746K0.00%-40.1%
146SWIMLATHAM GROUP INC112388$714K0.00%-32.6%
147VCTRVICTORY CAP HLDGS INC11145$703K0.00%-38.5%
148CPFCENTRAL PAC FINL CORP22150$690K0.00%+28.5%
149CRMSALESFORCE INC2581$684K0.00%-31.2%
150AMSCAMERICAN SUPERCONDUCTOR CORP23565$678K0.00%-50.2%
151CWCURTISS WRIGHT CORP1211$668K0.00%-36.6%
152ODDODDITY TECH LTD16175$650K0.00%-35.1%
153IHRTIHEARTMEDIA INC155516$647K0.00%+9.7%
154GPGICOMPOSECURE INC33395$644K0.00%
155PBI-PBPITNEY BOWES INC60710$642K0.00%-31.4%
156NUVLNUVALENT INC6359$640K0.00%NEW
157FROGJFROG LTD9884$617K0.00%NEW
158CYTKCYTOKINETICS INC9584$609K0.00%NEW
159SESSES AI CORPORATION338156$609K0.00%-15.3%
160AEHRAEHR TEST SYS30111$608K0.00%+29.2%
161STRLSTERLING INFRASTRUCTURE INC1952$598K0.00%-40.4%
162FIGSFIGS INC48828$555K0.00%NEW
163VELOVELO3D INC39896$548K0.00%NEW
164FTAIFTAI AVIATION LTD2748$541K0.00%+-74.6%
165APEIAMERICAN PUB ED INC14117$534K0.00%NEW
166CSIQCANADIAN SOLAR INC22223$528K0.00%NEW
167NSSCNAPCO SEC TECHNOLOGIES INC12567$524K0.00%
168FIGRFIGURE TECHNOLOGY SOLUTIO12803$523K0.00%NEW
169EMBJEMBRAER S.A.7924$510K0.00%+-60.1%
170ADPAUTOMATIC DATA PROCESSING IN1976$508K0.00%-19.7%
171TLNTALEN ENERGY CORP1349$506K0.00%-66.5%
172SGOVISHARES TR4972$499K0.00%
173PRCHPORCH GROUP INC53683$490K0.00%+-75.3%
174NRGNRG ENERGY INC3033$483K0.00%-49.5%
175KRMNKARMAN HLDGS INC6455$472K0.00%NEW
176CELCCELCUITY INC4660$465K0.00%NEW
177LMBLIMBACH HLDGS INC5892$459K0.00%+-62.6%
178HQYHEALTHEQUITY INC4980$456K0.00%NEW
179MAMAMAMAS CREATIONS INC32989$445K0.00%NEW
180DNLIDENALI THERAPEUTICS INC26900$444K0.00%NEW
181SNDKSANDISK CORP1860$442K0.00%NEW
182SKYWSKYWEST INC4380$440K0.00%+-64.1%
183ZGNERMENEGILDO ZEGNA N V42768$438K0.00%NEW
184TWLOTWILIO INC3056$435K0.00%+1.5%
185ESPRESPERION THERAPEUTICS INC NE116292$430K0.00%NEW
186OPFIOPPFI INC40472$423K0.00%-33.6%
187LUXELUXEXPERIENCE BV50258$420K0.00%+64.8%
188MESOMESOBLAST LTD23005$415K0.00%NEW
189NMRKNEWMARK GROUP INC23619$410K0.00%+113.1%
190GRBKGREEN BRICK PARTNERS INC6526$409K0.00%NEW
191AVAVAEROVIRONMENT INC1689$409K0.00%+48.8%
192PSNLPERSONALIS INC50705$404K0.00%NEW
193GHMGRAHAM CORP6217$399K0.00%NEW
194ADTADT INC DEL49368$398K0.00%-36.8%
195UNHUNITEDHEALTH GROUP INC1197$395K0.00%-19.3%
196NAMSWNEWAMSTERDAM PHARMA COMPANY11239$394K0.00%NEW
197MEDPMEDPACE HLDGS INC696$391K0.00%-12.1%
198AYIACUITY INC1061$382K0.00%-33.8%
199OLMAOLEMA PHARMACEUTICALS INC15206$380K0.00%NEW
200APPNAPPIAN CORP10366$367K0.00%NEW
201AXTIAXT INC22215$363K0.00%NEW
202LYFTLYFT INC18239$353K0.00%NEW
203ABCLABCELLERA BIOLOGICS INC102508$351K0.00%-61.9%
204ADSKAUTODESK INC1182$350K0.00%-9.2%
205WINAWINMARK CORP859$348K0.00%NEW
206IOOISHARES TR2743$347K0.00%NEW
207GAPGAP INC12860$329K0.00%NEW
208WAL-PAWESTERN ALLIANCE BANCORP3797$319K0.00%-42.9%
209HLLYHOLLEY INC77032$318K0.00%NEW
210TTANSERVICETITAN INC2975$317K0.00%+32.7%
211NTRANATERA INC1376$315K0.00%-53.0%
212MLIMUELLER INDS INC2720$312K0.00%-45.3%
213AWIARMSTRONG WORLD INDS INC NEW1511$289K0.00%+27.3%
214SSYSSTRATASYS LTD32493$282K0.00%-38.5%
215ULSUL SOLUTIONS INC3420$270K0.00%NEW
216ASNDASCENDIS PHARMA A/S1211$258K0.00%-56.2%
217PACBPACIFIC BIOSCIENCES CALIF IN137149$256K0.00%NEW
218SYMSYMBOTIC INC4298$256K0.00%-48.7%
219LTHLIFE TIME GROUP HOLDINGS INC9609$255K0.00%+-70.7%
220CPSCOOPER STD HLDGS INC7635$251K0.00%NEW
221EOSEEOS ENERGY ENTERPRISES INC21080$242K0.00%
222UUNITY SOFTWARE INC5449$241K0.00%-36.9%
223PTONPELOTON INTERACTIVE INC36795$227K0.00%+-88.7%
224SERVSERVE ROBOTICS INC21833$227K0.00%NEW
225TEMTEMPUS AI INC3756$222K0.00%+-77.7%
226CCOCLEAR CHANNEL OUTDOOR HLDGS95912$212K0.00%NEW
227PRLBPROTO LABS INC4148$210K0.00%NEW
228ROIVROIVANT SCIENCES LTD9662$210K0.00%NEW
229RRRICHTECH ROBOTICS INC64298$208K0.00%NEW
230PYPLPAYPAL HLDGS INC3487$204K0.00%-8.6%
231OSCROSCAR HEALTH INC13755$198K0.00%-36.1%
232PGENPRECIGEN INC42095$176K0.00%NEW
233GDYNGRID DYNAMICS HLDGS INC19383$175K0.00%NEW
234SOPHSOPHIA GENETICS SA21738$102K0.00%NEW