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Asset Manager ← All Institutions

POLEN CAPITAL MANAGEMENT LLC

Q4 2025 · Filed 2026-02-12
Market Value
$23.4B
-24.0%
Holdings
277
-5
New Purchases
53
Added To
44
Closed
56
Reduced
115
Top 10 Concentration
58.4%
Turnover
39.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ISRG 2.04% 0.00% +2.04% $477M
GOOG 5.39% 3.67% +1.72% $1.3B
LLY 5.72% 4.02% +1.70% $1.3B
IWF 1.57% 0.35% +1.22% $367M
AMZN 8.53% 8.02% +0.51% $2.0B
IDXX 2.78% 2.34% +0.44% $650M
NVDA 4.25% 3.82% +0.43% $994M
AVGO 5.22% 4.81% +0.42% $1.2B
NOW 3.72% 3.36% +0.36% $870M
MSCI 3.26% 2.92% +0.34% $764M
ACWI 0.37% 0.09% +0.28% $86M
V 5.06% 4.81% +0.24% $1.2B
ABNB 1.76% 1.57% +0.19% $411M
ACN 2.16% 1.97% +0.19% $505M
SPOT 0.18% 0.03% +0.15% $42M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ORCL 5.98% 8.49% -2.50% $1.4B
NFLX 0.07% 1.86% -1.80% $16M
WDAY 0.01% 1.46% -1.45% $2M
ABT 2.12% 3.23% -1.11% $496M
ZTS 2.99% 3.57% -0.58% $700M
PAYC 1.25% 1.78% -0.53% $292M
SHOP 4.95% 5.34% -0.39% $1.2B
MSFT 8.08% 8.45% -0.37% $1.9B
CSGP 1.41% 1.75% -0.34% $329M
GOOGL 0.04% 0.37% -0.33% $10M
UBER 1.24% 1.45% -0.21% $291M
WTW 0.04% 0.25% -0.21% $9M
TMO 0.01% 0.18% -0.17% $1M
ICLR 0.08% 0.25% -0.17% $19M
BSX 1.64% 1.78% -0.14% $383M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 28 $12.7B 54.3%
Large Cap 89 $10.2B 43.7%
Mid Cap 87 $403M 1.7%
Small Cap 72 $64M 0.3%
Micro Cap 1 $0 0.0%

Portfolio Analytics

Avg Market Cap
$161.9B
Median Market Cap
$7.1B
Avg P/E
47.5
Median P/E
31.1
Avg Dividend Yield
0.01%
Avg Beta
1.32
# Stocks
261
# ETFs / Funds
16

Top Holdings (277 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 AMZN 8.53% 8,653,721 $2.0B $230.82 -$472M -2,592,807 -23.1%
2 MSFT 8.08% 3,909,985 $1.9B $483.62 -$709M -1,110,173 -22.1%
3 ORCL 5.98% 7,185,496 $1.4B $194.91 -$1.2B -2,103,142 -22.6%
4 LLY 5.72% 1,246,090 $1.3B $1,074.68 $101M -376,877 -23.2%
5 GOOG 5.39% 4,018,121 $1.3B $313.80 $131M -622,121 -13.4%
6 AVGO 5.22% 3,531,637 $1.2B $346.10 -$258M -954,217 -21.3%
7 MA 5.20% 2,131,727 $1.2B $570.88 -$342M -609,516 -22.2%
8 V 5.06% 3,375,342 $1.2B $350.71 -$298M -964,882 -22.2%
9 SHOP 4.95% 7,201,872 $1.2B $160.97 -$484M -3,859,034 -34.9%
10 NVDA 4.25% 5,328,112 $994M $186.50 -$181M -968,922 -15.4%
11 NOW 3.72% 5,680,788 $870M $153.19 -$164M +4,556,712 +405.4%
12 MSCI 3.26% 1,331,085 $764M $573.73 -$135M -252,854 -16.0%
13 ZTS 2.99% 5,562,669 $700M $125.82 -$400M -1,954,242 -26.0%
14 AON 2.78% 1,846,294 $652M $352.88 -$236M -643,873 -25.9%
15 IDXX 2.78% 960,537 $650M $676.53 -$70M -166,610 -14.8%
16 SBUX 2.44% 6,785,308 $571M $84.21 -$180M -2,095,833 -23.6%
17 ACN 2.16% 1,882,707 $505M $268.30 -$102M -579,052 -23.5%
18 ABT 2.12% 3,962,230 $496M $125.29 -$497M -3,458,374 -46.6%
19 ISRG 2.04% 842,618 $477M $566.36 +842,618 NEW
20 ADBE 2.01% 1,345,588 $471M $349.99 -$184M -511,610 -27.6%
21 ABNB 1.76% 3,030,730 $411M $135.72 -$71M -943,841 -23.8%
22 SNPS 1.70% 844,881 $397M $469.72 -$119M -199,919 -19.1%
23 BSX 1.64% 4,019,552 $383M $95.35 -$163M -1,578,734 -28.2%
24 IWF 1.57% 776,086 $367M $473.30 $261M +548,235 +240.6%
25 INTU 1.45% 512,656 $340M $662.42 -$112M -149,071 -22.5%
26 CSGP 1.41% 4,890,936 $329M $67.24 -$209M -1,489,973 -23.4%
27 PAYC 1.25% 1,835,028 $292M $159.36 -$256M -801,395 -30.4%
28 UBER 1.24% 3,565,793 $291M $81.71 -$156M -1,004,860 -22.0%
29 MELI 0.41% 47,920 $97M $2,014.26 -$19M -1,595 -3.2%
30 ACWI 0.37% 610,133 $86M $141.49 $60M +419,684 +220.4%
31 TSM 0.26% 200,593 $61M $303.89 $12M +23,534 +13.3%
32 SAP 0.24% 233,332 $57M $242.91 -$35M -111,620 -32.4%
33 SPOT 0.18% 71,658 $42M $580.71 $34M +60,583 +547.0%
34 NU 0.08% 1,157,836 $19M $16.74 -$5M -383,326 -24.9%
35 ICLR 0.08% 105,206 $19M $182.22 -$58M -338,255 -76.3%
36 NFLX 0.07% 173,797 $16M $93.76 -$558M -305,083 -63.7%
37 VUG 0.07% 33,124 $16M $487.86 $11M +21,499 +184.9%
38 HDB 0.06% 367,007 $13M $36.54 -$7M -226,353 -38.1%
39 ASML 0.05% 11,195 $12M $1,069.88 -$7M -8,602 -43.5%
40 MNDY 0.05% 79,332 $12M $147.56 -$13M -46,479 -36.9%
41 GOOGL 0.04% 30,864 $10M $313.00 -$105M -442,567 -93.5%
42 IVV 0.04% 13,669 $9M $684.94 +13,669 NEW
43 ONON 0.04% 194,483 $9M $46.48 -$2M -63,891 -24.7%
44 WTW 0.04% 27,425 $9M $328.60 -$67M -192,359 -87.5%
45 ACWX 0.04% 126,761 $9M $67.13 $5M +65,149 +105.7%
46 MDT 0.03% 84,500 $8M $96.06 -$4M -40,456 -32.4%
47 AGX 0.03% 24,886 $8M $313.32 -$2M -12,647 -33.7%
48 WGS 0.03% 59,861 $8M $130.06 $441K -8,308 -12.2%
49 TME 0.03% 412,467 $7M $17.53 -$6M -148,966 -26.5%
50 DLO 0.03% 466,809 $7M $14.14 -$3M -232,570 -33.2%
51 BE 0.03% 75,434 $7M $86.89 -$5M -55,956 -42.6%
52 POWL 0.03% 20,341 $6M $318.78 -$635K -3,016 -12.9%
53 VSEC 0.03% 34,390 $6M $172.77 $220K -30 -0.1%
54 GLOB 0.03% 90,462 $6M $65.37 -$2M -44,646 -33.0%
55 BWXT 0.02% 32,328 $6M $172.84 -$1M -4,420 -12.0%
56 SE 0.02% 42,710 $5M $127.57 -$7M -27,523 -39.2%
57 ADPT 0.02% 325,767 $5M $16.24 $934K +34,570 +11.9%
58 VT 0.02% 33,592 $5M $141.06 $4M +29,006 +632.5%
59 SPY 0.02% 6,717 $5M $681.96 $3M +4,210 +167.9%
60 MMYT 0.02% 53,658 $4M $82.12 -$4M -33,631 -38.5%
61 RHLD 0.02% 20,915 $4M $206.43 $3M
62 IESC 0.02% 10,941 $4M $389.02 -$573K -1,203 -9.9%
63 CECO 0.02% 69,775 $4M $59.85 $1M +9,552 +15.9%
64 BELFB 0.02% 22,522 $4M $169.63 $1M +2,983 +15.3%
65 CVNA 0.02% 8,974 $4M $422.02 -$157K -1,482 -14.2%
66 IBN 0.02% 123,872 $4M $29.80 -$3M -100,395 -44.8%
67 TSLA 0.02% 8,171 $4M $449.72 -$145K -419 -4.9%
68 PDD 0.02% 31,329 $4M $113.39 -$5M -31,954 -50.5%
69 HCI 0.01% 18,126 $3M $191.69 -$12K -42 -0.2%
70 KARO 0.01% 74,821 $3M $45.50 -$1M -7,787 -9.4%
71 JOBY 0.01% 250,067 $3M $13.20 -$2M -68,200 -21.4%
72 SOFI 0.01% 117,450 $3M $26.18 -$709K -25,768 -18.0%
73 BBIO 0.01% 38,241 $3M $76.49 $1M +2,077 +5.7%
74 ATRO 0.01% 53,691 $3M $54.24 $450K -302 -0.6%
75 REAL 0.01% 175,088 $3M $15.78 $2M +103,000 +142.9%
76 W 0.01% 26,857 $3M $100.41 $29K -3,004 -10.1%
77 IRMD 0.01% 26,891 $3M $97.28 $591K -1,568 -5.5%
78 HURN 0.01% 15,086 $3M $172.91 $1M +4,788 +46.5%
79 CCJ 0.01% 28,174 $3M $91.49 -$661K -10,448 -27.1%
80 IE 0.01% 157,882 $3M $15.98 $160K -30,392 -16.1%
81 AFRM 0.01% 32,969 $2M $74.43 $35K -127 -0.4%
82 WDAY 0.01% 10,782 $2M $214.79 -$446M -1,851,489 -99.4%
83 LASR 0.01% 61,624 $2M $37.51 $776K +9,806 +18.9%
84 AMPX 0.01% 288,290 $2M $7.89 -$1M -51,137 -15.1%
85 CATH 0.01% 27,566 $2M $82.23 -$235K -3,300 -10.7%
86 SPHR 0.01% 23,828 $2M $95.08 +23,828 NEW
87 IT 0.01% 8,753 $2M $252.29 -$232K -531 -5.7%
88 PL 0.01% 111,538 $2M $19.72 +111,538 NEW
89 FSLR 0.01% 8,302 $2M $261.23 -$304K -2,912 -26.0%
90 BKD 0.01% 200,588 $2M $10.79 $751K +33,733 +20.2%
91 AAPL 0.01% 7,724 $2M $271.85 -$2M -7,631 -49.7%
92 ATEC 0.01% 95,761 $2M $21.04 $1M +44,061 +85.2%
93 GH 0.01% 19,667 $2M $102.14 $930K +2,396 +13.9%
94 MOD 0.01% 14,309 $2M $133.51 -$3M -18,214 -56.0%
95 CRS 0.01% 6,062 $2M $314.84 $414K -25 -0.4%
96 VTI 0.01% 5,677 $2M $335.27 +5,677 NEW
97 MIR 0.01% 79,419 $2M $23.42 $89K +3,300 +4.3%
98 BFLY 0.01% 472,971 $2M $3.80 +472,971 NEW
99 PTGX 0.01% 20,349 $2M $87.34 $427K +24 +0.1%
100 RDVT 0.01% 30,328 $2M $56.95 $148K +95 +0.3%

Options Breakdown

0 Calls $0 Call Value 3 Puts $5M Put Value

Top Puts

SymbolSharesValueStatus
BWXT 12,500 $2M NEW
BE 21,600 $2M NEW
SOFI 41,800 $1M NEW

New Positions

SymbolValue% Port
ISRG $477M 2.04%
IVV $9M 0.04%
SPHR $2M 0.01%
PL $2M 0.01%
VTI $2M 0.01%
BFLY $2M 0.01%
SEI $1M 0.01%
ERO $1M 0.01%
ESTA $1M 0.01%
LQDA $1M —%
GGAL $1M —%
AORT $1M —%
RKLB $1M —%
KURA $944K —%
TSHA $861K —%

Sold Out Positions

SymbolValue% Port
PG —%
BABA —%
VIST —%
GWRE —%
VST —%
DOCS —%
GTES —%
NGVC —%
NKE —%
CAVA —%
KO —%
ELF —%
ACHR —%
RBRK —%
SVV —%
View SEC EDGAR Filings for POLEN CAPITAL MANAGEMENT LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms