# Polen Capital: 13F portfolio, Q2 2026

Investment firm, Boca Raton.

Source: SEC Form 13F filed 2026-08-04 for the quarter ended 2026-06-30: https://www.sec.gov/Archives/edgar/data/1034524/000117266126003035/0001172661-26-003035-index.htm
Values are as the manager reported them in the filing, not current market prices.
Page: https://valuepeg.com/managers/polen-capital
Updated: 2026-08-04 · Next filing due by 2026-11-14

## Summary
- Reported value: $11.6B (Q1 2026: $14.5B)
- Positions: 219 (Q1 2026: 221)
- Top 10 holdings: 58.7% of the portfolio
- This quarter: 68 new, 60 added to, 88 trimmed, 70 sold out

## What Polen Capital did in Q2 2026
Polen Capital opened 68 new positions, the largest General Electric, GE Vernova and Ati. It raised its stake in Flotek Industries by 607%, Hyperliquid Strategies by 449% and Terawulf by 429%, among 29 it added to by half or more. It sold out of 70 positions, among them Intuit, Fastly and Ishares Tr. It cut Boston Scientific by 99%, Synopsys by 94% and Wayfair by 93%, among 14 it cut by half or more. Eli Lilly is now the largest holding, at 6.9% of the portfolio.

## Biggest buys
- General Electric (GE): New
- GE Vernova (GEV): New
- Ati (ATI): New
- Howmet Aerospace (HWM): New
- EMCOR Group (EME): New

## Biggest sells
- Intuit (INTU): Sold out
- Fastly (FSLY): Sold out
- Ishares Tr (MCHI): Sold out
- Medtronic (MDT): Sold out
- Ishares (EWT): Sold out

## Top 15 holdings
| # | Company | Ticker | % of portfolio | Reported value | Change vs Q1 2026 | Held since |
|---|---|---|---|---|---|---|
| 1 | Eli Lilly | LLY | 6.9% | $799.9M | −27% | Q3 2024 or earlier |
| 2 | Nvidia | NVDA | 6.9% | $796.0M | −3% | Q2 2025 |
| 3 | Microsoft | MSFT | 6.7% | $782.8M | −26% | Q3 2024 or earlier |
| 4 | Alphabet | GOOG | 6.6% | $765.0M | −27% | Q3 2024 or earlier |
| 5 | Broadcom | AVGO | 6.4% | $740.5M | −27% | Q3 2025 |
| 6 | Amazon | AMZN | 5.8% | $669.7M | −28% | Q3 2024 or earlier |
| 7 | Visa | V | 5.3% | $619.5M | −26% | Q3 2024 or earlier |
| 8 | Mastercard | MA | 5.1% | $586.5M | −26% | Q3 2024 or earlier |
| 9 | ServiceNow | NOW | 4.6% | $533.2M | −26% | Q3 2024 or earlier |
| 10 | Oracle | ORCL | 4.5% | $523.8M | −29% | Q3 2024 or earlier |
| 11 | Shopify | SHOP | 4.5% | $522.7M | −27% | Q3 2024 or earlier |
| 12 | MSCI | MSCI | 3.2% | $376.2M | −28% | Q3 2024 or earlier |
| 13 | Lam Research | LRCX | 3.2% | $372.2M | −19% | Q1 2026 |
| 14 | Starbucks | SBUX | 3.1% | $362.9M | −30% | Q1 2025 |
| 15 | Idexx Laboratories | IDXX | 2.4% | $280.3M | −23% | Q2 2025 |

204 more positions and every quarter's holdings are on Valuepeg for members: https://valuepeg.com/managers/polen-capital

## Other value investors
- Scion Asset Management (Michael Burry): https://valuepeg.com/managers/scion-asset-management
- Semper Augustus: https://valuepeg.com/managers/semper-augustus
- Sound Shore Management: https://valuepeg.com/managers/sound-shore-management
- Southeastern Asset Management (Longleaf): https://valuepeg.com/managers/southeastern-asset-management
- Starboard Value: https://valuepeg.com/managers/starboard-value

## About this data
- **What is a 13F?** A quarterly report to the SEC in which an investment manager with over $100 million in US-listed stocks lists what it holds.
- **How current is it?** Managers file up to 45 days after each quarter ends, so the holdings may have changed since.
- **Whose figures are these?** The values are as the manager reported them in the filing, not today's prices. The SEC lets a manager keep some positions confidential for a time, and those are not in the filing.
- **What does it leave out?** Short positions, cash, bonds and most holdings outside US markets. Options are left out here too.

Not investment advice.