Polen Capital · quarter digest
What Polen Capital did in Q4 2025
Polen Capital Management filed 248 moves in Q4 2025: 51 new, 38 add, 109 trim, 50 exit.
13F filed 2026-02-14. Manager quality score: q8. Philosophy: Concentrated quality growth. 20-30 names only. Hold forever.
New positions · 51
Fresh money
ISRGINTUITIVE SURGICAL INC
NEW·2.0% book·−8
APEIAMERICAN PUB ED INC
NEW·0.0% book·−2
APPNAPPIAN CORP
NEW·0.0% book·−8
AORTARTIVION INC
NEW·0.0% book·−8
AXTIAXT INC
NEW·0.0% book·+4
BWBABCOCK & WILCOX ENTERPRISES
NEW·0.0% book·+3
BFLYBUTTERFLY NETWORK INC
NEW·0.0% book·−3
CSIQCANADIAN SOLAR INC
NEW·0.0% book·−3
CELCCELCUITY INC
NEW·0.0% book·+2
CCOCLEAR CHANNEL OUTDOOR HLDGS
NEW·0.0% book·0
CPSCOOPER STD HLDGS INC
NEW·0.0% book·−9
CYTKCYTOKINETICS INC
NEW·0.0% book·−13
DNLIDENALI THERAPEUTICS INC
NEW·0.0% book·+3
ZGNERMENEGILDO ZEGNA N V
NEW·0.0% book·−6
EROERO COPPER CORP
NEW·0.0% book·+6
ESTAESTABLISHMENT LABS HLDGS INC
NEW·0.0% book·−1
FIGSFIGS INC
NEW·0.0% book·+1
FIGRFIGURE TECHNOLOGY SOLUTIO
NEW·0.0% book·−3
GAPGAP INC
NEW·0.0% book·−7
GHMGRAHAM CORP
NEW·0.0% book·+2
GRBKGREEN BRICK PARTNERS INC
NEW·0.0% book·+14
GDYNGRID DYNAMICS HLDGS INC
NEW·0.0% book·−7
GGALGRUPO FINANCIERO GALICIA S.A
NEW·0.0% book·−1
HQYHEALTHEQUITY INC
NEW·0.0% book·−8
HLLYHOLLEY INC
NEW·0.0% book·−7
FROGJFROG LTD
NEW·0.0% book·+3
KRMNKARMAN HLDGS INC
NEW·0.0% book·+6
KURAKURA ONCOLOGY INC
NEW·0.0% book·−9
LQDALIQUIDIA CORPORATION
NEW·0.0% book·−13
LYFTLYFT INC
NEW·0.0% book·−24
MAMAMAMAS CREATIONS INC
NEW·0.0% book·+4
MESOMESOBLAST LTD
NEW·0.0% book·−7
NAMSNEWAMSTERDAM PHARMA COMPANY
NEW·0.0% book·+2
OLMAOLEMA PHARMACEUTICALS INC
NEW·0.0% book·0
PACBPACIFIC BIOSCIENCES CALIF IN
NEW·0.0% book·−7
PSNLPERSONALIS INC
NEW·0.0% book·−6
PLPLANET LABS PBC
NEW·0.0% book·−1
PGENPRECIGEN INC
NEW·0.0% book·−8
PRLBPROTO LABS INC
NEW·0.0% book·0
RRRICHTECH ROBOTICS INC
NEW·0.0% book·−7
Showing top 40 · 11 smaller positions hidden
Adds · 38
Adding to conviction
ADD +15%·7.8% book·+9
“Adding ServiceNow.”
IVVISHARES TR
ADD +125%·2.0% book·+3
TSMTAIWAN SEMICONDUCTOR MFG LTD
ADD +13%·0.3% book·−2
SPOTSPOTIFY TECHNOLOGY S A
ADD +547%·0.2% book·−5
VUGVANGUARD INDEX FDS
ADD +74%·0.1% book·0
ADPTADAPTIVE BIOTECHNOLOGIES COR
ADD +12%·0.0% book·−5
AEHRAEHR TEST SYS
ADD +29%·0.0% book·−1
AVAVAEROVIRONMENT INC
ADD +49%·0.0% book·−11
ATECALPHATEC HLDGS INC
ADD +85%·0.0% book·−3
AWIARMSTRONG WORLD INDS INC NEW
ADD +27%·0.0% book·−6
ASTEASTEC INDS INC
ADD +23%·0.0% book·+4
AXAXOS FINANCIAL INC
ADD +20%·0.0% book·+4
BELFBBEL FUSE INC
ADD +15%·0.0% book·+2
BBIOBRIDGEBIO PHARMA INC
ADD +6%·0.0% book·−13
BKDBROOKDALE SR LIVING INC
ADD +20%·0.0% book·+4
BWXTBWX TECHNOLOGIES INC
ADD +22%·0.0% book·−6
CECOCECO ENVIRONMENTAL CORP
ADD +16%·0.0% book·+4
CPFCENTRAL PAC FINL CORP
ADD +29%·0.0% book·+5
YOUCLEAR SECURE INC
ADD +36%·0.0% book·+1
CAAPCORPORACION AMER ARPTS S A
ADD +19%·0.0% book·+1
GHGUARDANT HEALTH INC
ADD +14%·0.0% book·−8
HURNHURON CONSULTING GROUP INC
ADD +46%·0.0% book·−7
IHRTIHEARTMEDIA INC
ADD +10%·0.0% book·−7
IRSIRSA INVERSIONES Y REP S A
ADD +8%·0.0% book·−1
KODKODIAK SCIENCES INC
ADD +92%·0.0% book·0
LUXELUXEXPERIENCE BV
ADD +65%·0.0% book·−2
NMRKNEWMARK GROUP INC
ADD +113%·0.0% book·−7
LASRNLIGHT INC
ADD +19%·0.0% book·+4
SRRKSCHOLAR ROCK HLDG CORP
ADD +20%·0.0% book·+1
TTANSERVICETITAN INC
ADD +33%·0.0% book·−11
SOFISOFI TECHNOLOGIES INC
ADD +11%·0.0% book·−10
SPYSPDR S&P 500 ETF TR
ADD +168%·0.0% book·−2
REALTHE REALREAL INC
ADD +143%·0.0% book·+5
TDUPTHREDUP INC
ADD +32%·0.0% book·−5
TMDXTRANSMEDICS GROUP INC
ADD +90%·0.0% book·−3
UPWKUPWORK INC
ADD +279%·0.0% book·−17
VTVANGUARD INTL EQUITY INDEX F
ADD +632%·0.0% book·−2
XMTRXOMETRY INC
ADD +169%·0.0% book·−1
Trims · 109
Taking chips off
AMZNAMAZON COM INC
TRIM -23%·8.5% book·−6
MSFTMICROSOFT CORP
TRIM -22%·8.1% book·−17
ORCLORACLE CORP
TRIM -23%·6.0% book·−18
LLYELI LILLY & CO
TRIM -23%·5.7% book·−6
GOOGALPHABET INC
TRIM -13%·5.4% book·+2
AVGOBROADCOM INC
TRIM -21%·5.2% book·−12
MAMASTERCARD INCORPORATED
TRIM -22%·5.2% book·−1
VVISA INC
TRIM -22%·5.1% book·−14
SHOPSHOPIFY INC
TRIM -35%·4.9% book·−7
NVDANVIDIA CORPORATION
TRIM -15%·4.2% book·+1
TRIM -22%·4.1% book·−2
“Major META reduction.”
MSCIMSCI INC
TRIM -16%·3.3% book·+11
ZTSZOETIS INC
TRIM -26%·3.0% book·−1
AONAON PLC
TRIM -26%·2.8% book·−17
IDXXIDEXX LABS INC
TRIM -15%·2.8% book·−10
SBUXSTARBUCKS CORP
TRIM -24%·2.4% book·−12
ACNACCENTURE PLC IRELAND
TRIM -24%·2.2% book·−6
ABTABBOTT LABS
TRIM -47%·2.1% book·−20
ADBEADOBE INC
TRIM -28%·2.0% book·−11
ABNBAIRBNB INC
TRIM -24%·1.8% book·−14
SNPSSYNOPSYS INC
TRIM -19%·1.7% book·−12
BSXBOSTON SCIENTIFIC CORP
TRIM -28%·1.6% book·−12
CSGPCOSTAR GROUP INC
TRIM -23%·1.4% book·−6
INTUINTUIT
TRIM -23%·1.4% book·−21
PAYCPAYCOM SOFTWARE INC
TRIM -30%·1.2% book·−14
UBERUBER TECHNOLOGIES INC
TRIM -22%·1.2% book·+15
SAPSAP SE
TRIM -32%·0.2% book·−12
ASMLASML HOLDING N V
TRIM -43%·0.1% book·+9
HDBHDFC BANK LTD
TRIM -38%·0.1% book·−17
ICLRICON PLC
TRIM -76%·0.1% book·−10
NFLXNETFLIX INC
TRIM -64%·0.1% book·−1
NUNU HLDGS LTD
TRIM -25%·0.1% book·−13
ABCLABCELLERA BIOLOGICS INC
TRIM -62%·0.0% book·−8
AYIACUITY INC
TRIM -34%·0.0% book·−11
ADTADT INC DEL
TRIM -37%·0.0% book·−9
GOOGLALPHABET INC
TRIM -93%·0.0% book·−27
AMSCAMERICAN SUPERCONDUCTOR CORP
TRIM -50%·0.0% book·−9
AMPXAMPRIUS TECHNOLOGIES INC
TRIM -15%·0.0% book·0
AAPLAPPLE INC
TRIM -50%·0.0% book·−21
AGXARGAN INC
TRIM -34%·0.0% book·−12
Showing top 40 · 69 smaller trims hidden
Exits · 50
Closed positions
BABAALIBABA GROUP HLDG LTD
EXIT·0.0% book·+26
ALNYALNYLAM PHARMACEUTICALS INC
EXIT·0.0% book·−8
APPFAPPFOLIO INC
EXIT·0.0% book·−9
ACHRARCHER AVIATION INC
EXIT·0.0% book·−9
ARLOARLO TECHNOLOGIES INC
EXIT·0.0% book·−3
AURAURORA INNOVATION INC
EXIT·0.0% book·−12
AXONAXON ENTERPRISE INC
EXIT·0.0% book·−2
BIDUBAIDU INC
EXIT·0.0% book·0
BBSIBARRETT BUSINESS SVCS INC
EXIT·0.0% book·−4
BEAMBEAM THERAPEUTICS INC
EXIT·0.0% book·−5
NXHBED BATH & BEYOND INC
EXIT·0.0% book·−6
BRLTBRILLIANT EARTH GROUP INC
EXIT·0.0% book·0
CAVACAVA GROUP INC
EXIT·0.0% book·−9
CAKECHEESECAKE FACTORY INC
EXIT·0.0% book·−1
CHEFCHEFS WHSE INC
EXIT·0.0% book·−5
CHWYCHEWY INC
EXIT·0.0% book·−11
KOCOCA COLA CO
EXIT·0.0% book·−16
CVLTCOMMVAULT SYS INC
EXIT·0.0% book·−9
CORTCORCEPT THERAPEUTICS INC
EXIT·0.0% book·−8
DOCSDOXIMITY INC
EXIT·0.0% book·−6
ELFE L F BEAUTY INC
EXIT·0.0% book·−3
EVEREVERQUOTE INC
EXIT·0.0% book·−11
QQEWFIRST TR EXCHANGE-TRADED FD
EXIT·0.0% book·0
GWREGUIDEWIRE SOFTWARE INC
EXIT·0.0% book·−13
HIMSHIMS & HERS HEALTH INC
EXIT·0.0% book·−10
RSPINVESCO EXCHANGE TRADED FD T
EXIT·0.0% book·+8
LQDTLIQUIDITY SVCS INC
EXIT·0.0% book·−8
MCDMCDONALDS CORP
EXIT·0.0% book·−6
MVSTMICROVAST HOLDINGS INC
EXIT·0.0% book·−5
NGVCNATURAL GROCERS BY VITAMIN C
EXIT·0.0% book·−8
NYAXNAYAX LTD
EXIT·0.0% book·0
NTESNETEASE INC
EXIT·0.0% book·−10
NXENEXGEN ENERGY LTD
EXIT·0.0% book·+3
NKENIKE INC
EXIT·0.0% book·−2
NTNXNUTANIX INC
EXIT·0.0% book·−12
PEPPEPSICO INC
EXIT·0.0% book·−10
PGPROCTER AND GAMBLE CO
EXIT·0.0% book·−9
PPURE STORAGE INC
EXIT·0.0% book·−15
PCTPURECYCLE TECHNOLOGIES INC
EXIT·0.0% book·−5
RBBNRIBBON COMMUNICATIONS INC
EXIT·0.0% book·−7
Showing top 40 · 10 smaller exits hidden
Current top holdings
Polen Capital’s book, latest snapshot
Other quarters for Polen Capital
Not investment advice. Data from 13F filings with HoldLens parsing. Methodology.
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