What Polen Capital Management bought and sold in Q4 2025
In Q4 2025, Polen Capital Management (Polen Capital Management) opened 51 new positions — including ISRG (2.0%), IVV (<0.1%), SPHR (<0.1%), added to 27, trimmed 74, exited 54 (HYG, RSP, VIST). The book stood at $23.42B across 231 positions, filed Feb 12, 2026.
51New27Added74Trimmed54Exited
New positions (51)
- ISRGIntuitive Surgical Inc2.0% · $477M
- IVVIshares Core S&p 500 Etf<0.1% · $9M
- SPHRSphere Entertainment CO<0.1% · $2M
- PLPlanet Labs Pbc<0.1% · $2M
- VTIVanguard Total Stock Mkt Etf<0.1% · $2M
- BFLYButterfly Network Inc<0.1% · $2M
- SEISolaris Energy Infrastructur<0.1% · $1M
- EROEro Copper Corp<0.1% · $1M
- GGALGrupo Financiero Galicia-adr<0.1% · $1M
- AORTArtivion Inc<0.1% · $1M
- LQDALiquidia Corp<0.1% · $1M
- RKLBRocket Lab Corp<0.1% · $1M
- KURAKura Oncology Inc<0.1% · $944K
- TSHATaysha Gene Therapies Inc<0.1% · $861K
- CYTKCytokinetics Inc<0.1% · $609K
- NUVLNuvalent Inc-a<0.1% · $640K
- BWBabcock & Wilcox Enterpr<0.1% · $775K
- MESOMesoblast Ltd- Spon Adr<0.1% · $415K
- CELCCelcuity Inc<0.1% · $465K
- VELOVelo3d Inc<0.1% · $548K
- LYFTLyft Inc-a<0.1% · $353K
- APPNAppian Corp-a<0.1% · $367K
- APEIAmerican Public Education<0.1% · $534K
- OLMAOlema Pharmaceuticals Inc<0.1% · $380K
- FIGRFigure Technology Solut-cl A<0.1% · $523K
- KRMNKarman Holdings Inc<0.1% · $472K
- DNLIDenali Therapeutics Inc<0.1% · $444K
- HQYHealthequity Inc<0.1% · $456K
- AXTIAxt Inc<0.1% · $363K
- NAMSNewamsterdam Pharma Company<0.1% · $394K
- FIGSFigs Inc-class A<0.1% · $555K
- GRBKGreen Brick Partners Inc<0.1% · $409K
- GHMGraham Corp<0.1% · $399K
- PSNLPersonalis Inc<0.1% · $404K
- MAMAMama's Creations Inc<0.1% · $445K
- CSIQCanadian Solar Inc<0.1% · $528K
- SNDKSandisk Corp<0.1% · $442K
- ESPREsperion Therapeutics Inc<0.1% · $430K
- PRLBProto Labs Inc<0.1% · $210K
- PGENPrecigen Inc<0.1% · $176K
- ULSUL Solutions Inc - Class A<0.1% · $270K
- HLLYHolley Inc<0.1% · $318K
- CCOClear Channel Outdoor Holdin<0.1% · $212K
- PACBPacific Biosciences OF Calif<0.1% · $256K
- CPSCooper-standard Holding<0.1% · $251K
- IOOIshares Global 100 Etf<0.1% · $347K
- SERVServe Robotics Inc<0.1% · $227K
- GAPGap Inc/the<0.1% · $329K
- GDYNGrid Dynamics Holdings Inc<0.1% · $175K
- RRRichtech Robotics Inc-cl B<0.1% · $208K
- WINAWinmark Corp<0.1% · $348K
Added to (27)
- NOWServicenow Inc+405% shares · 3.7% · $870M
- IWFIshares Russell 1000 Growth+241% shares · 1.6% · $367M
- ACWIIshares Msci Acwi Etf+220% shares · 0.4% · $86M
- SPOTSpotify Technology S A+547% shares · 0.2% · $42M
- VUGVanguard Growth Etf+185% shares · 0.1% · $16M
- ACWXIshares Msci Acwi EX US Etf+106% shares · <0.1% · $9M
- SPYSS Spdr S&p 500 Etf Trust-us+168% shares · <0.1% · $5M
- VTVanguard Tot World Stk Etf+632% shares · <0.1% · $5M
- REALRealreal Inc/the+143% shares · <0.1% · $3M
- HURNHuron Consulting Group Inc+46% shares · <0.1% · $3M
- ATECAlphatec Holdings Inc+85% shares · <0.1% · $2M
- BKDBrookdale Senior Living Inc+20% shares · <0.1% · $2M
- YOUClear Secure Inc -class A+36% shares · <0.1% · $1M
- XMTRXometry Inc-a+169% shares · <0.1% · $1M
- TMDXTransmedics Group Inc+90% shares · <0.1% · $1M
- KODKodiak Sciences Inc+92% shares · <0.1% · $1M
- UPWKUpwork Inc+279% shares · <0.1% · $854K
- ASTEAstec Industries Inc+23% shares · <0.1% · $968K
- TDUPThredup Inc - Class A+32% shares · <0.1% · $930K
- SRRKScholar Rock Holding Corp+21% shares · <0.1% · $959K
- AEHRAehr Test Systems+29% shares · <0.1% · $608K
- CPFCentral Pacific Financial CO+29% shares · <0.1% · $690K
- AVAVAerovironment Inc+49% shares · <0.1% · $409K
- NMRKNewmark Group Inc-class A+113% shares · <0.1% · $410K
- LUXELuxexperience BV+65% shares · <0.1% · $420K
- AWIArmstrong World Industries+27% shares · <0.1% · $289K
- TTANServicetitan Inc-a+33% shares · <0.1% · $317K
Trimmed (74)
- AMZNAmazon.com Inc-23% shares · 8.5% · $2.00B
- MSFTMicrosoft Corp-22% shares · 8.1% · $1.89B
- ORCLOracle Corp-23% shares · 6.0% · $1.40B
- LLYEli Lilly & CO-23% shares · 5.7% · $1.34B
- AVGOBroadcom Inc-21% shares · 5.2% · $1.22B
- MAMastercard Inc - A-22% shares · 5.2% · $1.22B
- VVisa Inc-class A Shares-22% shares · 5.1% · $1.18B
- SHOPShopify Inc - Class A-35% shares · 5.0% · $1.16B
- ZTSZoetis Inc-26% shares · 3.0% · $700M
- AONAon Plc-26% shares · 2.8% · $652M
- SBUXStarbucks Corp-24% shares · 2.4% · $571M
- ACNAccenture Plc Ireland-24% shares · 2.2% · $505M
- ABTAbbott Laboratories-47% shares · 2.1% · $496M
- ADBEAdobe Inc-28% shares · 2.0% · $471M
- ABNBAirbnb Inc-class A-24% shares · 1.8% · $411M
- BSXBoston Scientific Corp-28% shares · 1.6% · $383M
- INTUIntuit Inc-23% shares · 1.4% · $340M
- CSGPCostar Group Inc-23% shares · 1.4% · $329M
- PAYCPaycom Software Inc-30% shares · 1.2% · $292M
- UBERUber Technologies Inc-22% shares · 1.2% · $291M
- SAPSap Se-sponsored Adr-32% shares · 0.2% · $57M
- NUNU Hldgs Ltd-25% shares · 0.1% · $19M
- ICLRIcon Plc-76% shares · 0.1% · $19M
- NFLXNetflix Inc-64% shares · 0.1% · $16M
- HDBHdfc Bank Ltd-adr-38% shares · 0.1% · $13M
- ASMLAsml Holding N V-43% shares · 0.1% · $12M
- MNDYMonday Com Ltd-37% shares · 0.1% · $12M
- GOOGLAlphabet Inc-cl A-93% shares · <0.1% · $10M
- WTWWillis Towers Watson Plc Ltd-88% shares · <0.1% · $9M
- MDTMedtronic Plc-32% shares · <0.1% · $8M
- AGXArgan Inc-34% shares · <0.1% · $8M
- TMETencent Music Entertainm-adr-27% shares · <0.1% · $7M
- BEBloom Energy Corp- A-43% shares · <0.1% · $7M
- SESea Ltd-adr-39% shares · <0.1% · $5M
- IBNIcici Bank Ltd-spon Adr-45% shares · <0.1% · $4M
- PDDPdd Holdings Inc-50% shares · <0.1% · $4M
- CCJCameco Corp-27% shares · <0.1% · $3M
- WDAYWorkday Inc-class A-99% shares · <0.1% · $2M
- AAPLApple Inc-50% shares · <0.1% · $2M
- FSLRFirst Solar Inc-26% shares · <0.1% · $2M
- MODModine Manufacturing CO-56% shares · <0.1% · $2M
- METCRamaco Resources Inc-a-51% shares · <0.1% · $2M
- TMOThermo Fisher Scientific Inc-98% shares · <0.1% · $1M
- HHHHoward Hughes Holdings Inc-41% shares · <0.1% · $1M
- CEGConstellation Energy-33% shares · <0.1% · $993K
- SMRNuscale Power Corp-23% shares · <0.1% · $916K
- AMSCAmerican Superconductor Corp-50% shares · <0.1% · $678K
- VCTRVictory Capital Holding - A-39% shares · <0.1% · $703K
- STRLSterling Infrastructure Inc-40% shares · <0.1% · $598K
- CRMSalesforce Inc-31% shares · <0.1% · $684K
- SWIMLatham Group Inc-33% shares · <0.1% · $714K
- CWCurtiss-wright Corp-37% shares · <0.1% · $668K
- ASPIAsp Isotopes Inc-40% shares · <0.1% · $746K
- PBIPitney Bowes Inc-31% shares · <0.1% · $642K
- TLNTalen Energy Corp-67% shares · <0.1% · $506K
- AYIAcuity Inc-34% shares · <0.1% · $382K
- LMBLimbach Holdings Inc-63% shares · <0.1% · $459K
- NRGNrg Energy Inc-50% shares · <0.1% · $483K
- SKYWSkywest Inc-64% shares · <0.1% · $440K
- EMBJEmbraer Sa-spon Adr-60% shares · <0.1% · $510K
- PRCHPorch Group Inc-75% shares · <0.1% · $490K
- ADTAdt Inc-37% shares · <0.1% · $398K
- OPFIOppfi Inc-34% shares · <0.1% · $423K
- TEMTempus AI Inc-cl A-78% shares · <0.1% · $222K
- PTONPeloton Interactive Inc-a-89% shares · <0.1% · $227K
- ASNDUSDAscendis Pharma A/s-56% shares · <0.1% · $258K
- LTHLife Time Group Holdings Inc-71% shares · <0.1% · $255K
- UUnity Software Inc-37% shares · <0.1% · $241K
- SYMSymbotic Inc-49% shares · <0.1% · $256K
- NTRANatera Inc-53% shares · <0.1% · $315K
- OSCROscar Health Inc - Class A-36% shares · <0.1% · $198K
- MLIMueller Industries Inc-45% shares · <0.1% · $312K
- ABCLAbcellera Biologics Inc-62% shares · <0.1% · $351K
- WALWestern Alliance Bancorp-43% shares · <0.1% · $319K
Exited (54)
- HYGIshr Ibx Usd Hiyld CB Etf-uiwas 0.1% of book
- RSPInvesco S&p 500 Equal Weightwas <0.1% of book
- VISTVista Energy Sab DE CVwas <0.1% of book
- QQEWFirst Trust Nasdaq-100 Selecwas <0.1% of book
- VOVanguard Mid-cap Etfwas <0.1% of book
- CORTCorcept Therapeutics Incwas <0.1% of book
- CVLTCommvault Systems Incwas <0.1% of book
- WRBYWarby Parker Inc-class Awas <0.1% of book
- BBSIBarrett Business Svcs Incwas <0.1% of book
- LRNStride Incwas <0.1% of book
- PCTPurecycle Technologies Incwas <0.1% of book
- LQDTLiquidity Services Incwas <0.1% of book
- ELFElf Beauty Incwas <0.1% of book
- ACHRArcher Aviation Inc-awas <0.1% of book
- UTIUniversal Technical Institutwas <0.1% of book
- ARLOArlo Technologies Incwas <0.1% of book
- CAKECheesecake Factory Inc/thewas <0.1% of book
- REAXReal Brokerage Inc/thewas <0.1% of book
- VSTVistra Corpwas <0.1% of book
- PEverpure Inc-awas <0.1% of book
- PGProcter & Gamble Co/thewas <0.1% of book
- EVEREverquote Inc - Class Awas <0.1% of book
- HIMSHims & Hers Health Incwas <0.1% of book
- ZZillow Group Inc - Cwas <0.1% of book
- KOCoca-cola Co/thewas <0.1% of book
- CHEFChefs' Warehouse Inc/thewas <0.1% of book
- NTNXNutanix Inc - Awas <0.1% of book
- PEPPepsico Incwas <0.1% of book
- DOCSDoximity Inc-class Awas <0.1% of book
- BABAAlibaba Group Holding-sp Adrwas <0.1% of book
- CAVACava Group Incwas <0.1% of book
- MCDMcdonald's Corpwas <0.1% of book
- NGVCNatural Grocers BY Vitamin Cwas <0.1% of book
- BEAMBeam Therapeutics Incwas <0.1% of book
- NTESNetease Inc-adrwas <0.1% of book
- SVVSavers Value Village Incwas <0.1% of book
- WLFCWillis Lease Finance Corpwas <0.1% of book
- ALNYAlnylam Pharmaceuticals Incwas <0.1% of book
- APPFAppfolio Inc - Awas <0.1% of book
- AXONAxon Enterprise Incwas <0.1% of book
- BIDUBaidu Inc - Spon Adrwas <0.1% of book
- SGSweetgreen Inc - Class Awas <0.1% of book
- CHWYChewy Inc - Class Awas <0.1% of book
- VOEVanguard Mid-cap Value Etfwas <0.1% of book
- GWREGuidewire Software Incwas <0.1% of book
- RBRKRubrik Inc-awas <0.1% of book
- MVSTMicrovast Holdings Incwas <0.1% of book
- METAMeta Platforms Inc-class Awas <0.1% of book
- RBBNRibbon Communications Incwas <0.1% of book
- NKENike Inc -cl Bwas <0.1% of book
- BRLTBrilliant Earth Group Inc-awas <0.1% of book
- NXENexgen Energy Ltdwas <0.1% of book
- AURAurora Innovation Incwas <0.1% of book
- BBBYBed Bath & Beyond Incwas <0.1% of book
Polen Capital Management's other filings
Changes vs the prior quarter's 13F, long US equity positions only (no shorts, options, or non-US listings). ADD/TRIM are share- count changes of ±20% or more. Sourced from SEC EDGAR. Not investment advice.