Polen Capital
Portfolio value$11.6B
Positions219
QuarterQ2 2026ended 2026-06-30
Filed08/042026
Q2 2026 versus Q1 2026: 68 bought, 63 added to, 88 reduced, 70 sold. By dollars, the largest buy was GE Aerospace, $258.1M more at the quarter-end price; the largest sale Aon, $394.7M less. Net, $3.6B more sold than bought. What every tracked investor did in Q2 2026.
Every move, largest first
| Ticker | Issuer | Move | Shares Q1 2026 → Q2 2026 | Bought / sold | Of the portfolio | Weight now | Price vs model |
|---|---|---|---|---|---|---|---|
| AON | Aon PLC | reduced −88% | 1.4M → 164,035 | −$394.7M | −3.40% | 0.5% | 19% undervalued |
| LLY | Eli Lilly & CO | reduced −27% | 914,557 → 666,912 | −$297.0M | −2.56% | 6.9% | 22% overvalued |
| SNPS | Synopsys INC | reduced −94% | 671,233 → 41,267 | −$281.0M | −2.42% | 0.2% | 306% overvalued |
| ZTS | Zoetis INC | reduced −92% | 4.2M → 320,420 | −$280.4M | −2.42% | 0.2% | 37% undervalued |
| MSFT | Microsoft Corp | reduced −26% | 2.8M → 2.1M | −$278.7M | −2.40% | 6.7% | 10% overvalued |
| AVGO | Broadcom INC | reduced −27% | 2.7M → 2.0M | −$278.5M | −2.40% | 6.4% | 49% undervalued |
| GOOG | Alphabet INC | reduced −27% | 2.9M → 2.2M | −$276.1M | −2.38% | 6.6% | 49% overvalued |
| AMZN | Amazon Com INC | reduced −28% | 3.9M → 2.8M | −$259.0M | −2.23% | 5.8% | 182% overvalued |
| GE | Ge Aerospace | bought | — → 690,493 | +$258.1M | +2.22% | 2.2% | 101% overvalued |
| GEV | Ge Vernova INC | bought | — → 196,612 | +$231.0M | +1.99% | 2.0% | 77% overvalued |
| V | Visa INC | reduced −26% | 2.4M → 1.8M | −$219.6M | −1.89% | 5.3% | 40% overvalued |
| ORCL | Oracle Corp | reduced −29% | 5.0M → 3.6M | −$212.5M | −1.83% | 4.5% | 30% undervalued |
| MA | Mastercard Incorporated | reduced −26% | 1.5M → 1.1M | −$205.1M | −1.77% | 5.1% | 15% overvalued |
| SHOP | Shopify INC | reduced −27% | 6.3M → 4.6M | −$197.4M | −1.70% | 4.5% | 599% overvalued |
| NOW | Servicenow INC | reduced −26% | 7.3M → 5.4M | −$188.6M | −1.62% | 4.6% | 264% overvalued |
| UBER | Uber Technologies INC | reduced −80% | 2.9M → 570,063 | −$169.4M | −1.46% | 0.4% | 12% overvalued |
| ATI | Ati INC | bought | — → 819,236 | +$161.5M | +1.39% | 1.4% | — |
| TSM | Taiwan Semiconductor Manufac | added +187% | 174,686 → 501,210 | +$155.9M | +1.34% | 2.1% | — |
| SBUX | Starbucks Corp | reduced −30% | 5.1M → 3.6M | −$153.8M | −1.32% | 3.1% | 391% overvalued |
| ACN | Accenture PLC Ireland | reduced −89% | 1.4M → 152,800 | −$149.6M | −1.29% | 0.2% | 13% undervalued |
| MSCI | Msci INC | reduced −28% | 929,509 → 671,797 | −$144.3M | −1.24% | 3.2% | 65% overvalued |
| HWM | Howmet Aerospace INC | bought | — → 457,124 | +$122.9M | +1.06% | 1.1% | 147% overvalued |
| CSGP | Costar Group INC | reduced −30% | 12.6M → 8.8M | −$107.9M | −0.93% | 2.1% | 94% overvalued |
| ABNB | Airbnb INC | reduced −27% | 2.3M → 1.6M | −$89.3M | −0.77% | 2.0% | 93% overvalued |
| IDXX | Idexx Labs INC | reduced −23% | 695,811 → 532,384 | −$86.0M | −0.74% | 2.4% | 152% overvalued |
| EME | Emcor Group INC | bought | — → 103,123 | +$85.6M | +0.74% | 0.7% | 25% overvalued |
| LRCX | Lam Research Corp | reduced −19% | 1.1M → 859,036 | −$84.7M | −0.73% | 3.2% | 147% overvalued |
| META | Meta Platforms INC | reduced −31% | 476,663 → 329,573 | −$82.9M | −0.71% | 1.6% | 10% overvalued |
| ISRG | Intuitive Surgical INC | reduced −26% | 606,826 → 447,944 | −$63.2M | −0.54% | 1.5% | 208% overvalued |
| ACWI | Ishares Tr | reduced −61% | 306,415 → 120,540 | −$29.2M | −0.25% | 0.2% | — |
| IWF | Ishares Tr | added +51% | 406,863 → 613,639 | +$25.7M | +0.22% | 0.7% | — |
| NVDA | Nvidia Corporation | reduced −3% | 4.1M → 4.0M | −$25.2M | −0.22% | 6.9% | 3% undervalued |
| BSX | Boston Scientific Corp | reduced −99% | 579,739 → 4,750 | −$24.5M | −0.21% | 0.0% | 20% undervalued |
| ROL | Rollins INC | reduced −27% | 2.2M → 1.6M | −$24.5M | −0.21% | 0.6% | 25% overvalued |
| MELI | Mercadolibre INC | reduced −25% | 34,452 → 25,926 | −$14.5M | −0.12% | 0.4% | 861% overvalued |
| SPOT | Spotify Technology S A | reduced −24% | 107,429 → 81,578 | −$11.9M | −0.10% | 0.3% | — |
| WULF | Terawulf INC | added +429% | 106,375 → 563,139 | +$11.3M | +0.10% | 0.1% | — |
| INTU | Intuit | sold | 19,853 → 0 | −$8.6M | −0.07% | — | — |
| BE | Bloom Energy Corp | reduced −39% | 67,231 → 40,838 | −$8.0M | −0.07% | 0.1% | — |
| FSLY | Fastly INC | sold | 238,518 → 0 | −$6.9M | −0.06% | — | — |
| FROG | Jfrog LTD | added +360% | 20,240 → 93,117 | +$6.6M | +0.06% | 0.1% | — |
| NU | Nu Hldgs LTD | reduced −38% | 1.2M → 752,747 | −$6.2M | −0.05% | 0.1% | — |
| AGX | Argan INC | reduced −43% | 17,981 → 10,214 | −$6.2M | −0.05% | 0.1% | — |
| SAP | Sap Se | reduced −57% | 66,674 → 28,773 | −$5.8M | −0.05% | 0.0% | — |
| MCHI | Ishares Tr | sold | 96,813 → 0 | −$5.4M | −0.05% | — | — |
| MDT | Medtronic PLC | sold | 60,661 → 0 | −$5.3M | −0.05% | — | — |
| EWT | Ishares INC | sold | 72,894 → 0 | −$5.2M | −0.04% | — | — |
| WGS | Genedx Holdings Corp | sold | 77,419 → 0 | −$5.0M | −0.04% | — | — |
| CCJ | Cameco Corp | added +241% | 20,210 → 68,968 | +$5.0M | +0.04% | 0.1% | — |
| VUG | Vanguard Index Fds | added +357% | 16,030 → 73,200 | +$4.9M | +0.04% | 0.1% | — |
| RXT | Rackspace Technology INC | bought | — → 709,189 | +$4.6M | +0.04% | 0.0% | — |
| FTK | Flotek Industries INC | added +607% | 27,642 → 195,504 | +$3.9M | +0.03% | 0.0% | — |
| LPTH | Lightpath Technologies INC | added +298% | 79,055 → 314,476 | +$3.8M | +0.03% | 0.0% | — |
| PAYC | Paycom Software INC | sold | 30,831 → 0 | −$3.7M | −0.03% | — | — |
| APLD | Applied Digital Corp | bought | — → 98,328 | +$3.7M | +0.03% | 0.0% | — |
| FIGR | Figure Technology Solutio | sold | 105,634 → 0 | −$3.6M | −0.03% | — | — |
| KRMN | Karman Hldgs INC | sold | 44,066 → 0 | −$3.5M | −0.03% | — | — |
| CRS | Carpenter Technology Corp | reduced −46% | 12,431 → 6,756 | −$3.5M | −0.03% | 0.0% | — |
| BELFB | Bel Fuse INC | reduced −24% | 43,339 → 32,845 | −$3.5M | −0.03% | 0.1% | — |
| IESC | Ies Holdings INC | reduced −39% | 11,953 → 7,275 | −$3.4M | −0.03% | 0.0% | — |
| POWL | Powell Inds INC | added +67% | 17,485 → 29,181 | +$3.3M | +0.03% | 0.1% | — |
| REAL | The Realreal INC | added +124% | 221,865 → 496,556 | +$3.2M | +0.03% | 0.1% | — |
| TWST | Twist Bioscience Corp | added +130% | 24,037 → 55,310 | +$3.2M | +0.03% | 0.0% | — |
| BBIO | Bridgebio Pharma INC | reduced −91% | 45,934 → 4,002 | −$3.1M | −0.03% | 0.0% | — |
| EVC | Entravision Communications C | bought | — → 236,939 | +$3.1M | +0.03% | 0.0% | — |
| LASR | Nlight INC | added +49% | 89,791 → 133,448 | +$3.0M | +0.03% | 0.1% | — |
| W | Wayfair INC | reduced −93% | 35,216 → 2,402 | −$3.0M | −0.03% | 0.0% | — |
| CPA | Copa Holdings SA | bought | — → 18,948 | +$2.9M | +0.03% | 0.0% | — |
| CDNL | Cardinal Infrastructure Grou | bought | — → 30,787 | +$2.9M | +0.02% | 0.0% | — |
| FPS | Forgent Power Solutions INC | bought | — → 50,328 | +$2.8M | +0.02% | 0.0% | — |
| VSEC | Vse Corp | reduced −29% | 42,040 → 29,853 | −$2.8M | −0.02% | 0.1% | — |
| DRTS | Alpha Tau Medical LTD | bought | — → 220,751 | +$2.8M | +0.02% | 0.0% | — |
| VECO | Veeco Instrs INC Del | added +302% | 12,028 → 48,314 | +$2.8M | +0.02% | 0.0% | — |
| CAAP | Corporacion Amer Arpts S A | sold | 106,069 → 0 | −$2.7M | −0.02% | — | — |
| FIVN | Five9 INC | bought | — → 117,256 | +$2.5M | +0.02% | 0.0% | — |
| KN | Knowles Corp | bought | — → 58,485 | +$2.4M | +0.02% | 0.0% | — |
| IBN | Icici Bank Limited | reduced −68% | 118,059 → 38,124 | −$2.3M | −0.02% | 0.0% | — |
| MEC | Mayville Engr CO INC | bought | — → 61,827 | +$2.3M | +0.02% | 0.0% | — |
| PURR | Hyperliquid Strategies INC | added +449% | 62,008 → 340,311 | +$2.2M | +0.02% | 0.0% | — |
| NOVT | Novanta INC | bought | — → 13,366 | +$2.2M | +0.02% | 0.0% | — |
| PENG | Penguin Solutions INC | bought | — → 28,293 | +$2.2M | +0.02% | 0.0% | — |
| PL | Planet Labs Pbc | reduced −30% | 213,914 → 149,211 | −$2.1M | −0.02% | 0.0% | — |
| KTOS | Kratos Defense & Sec Solutio | sold | 29,265 → 0 | −$2.1M | −0.02% | — | — |
| AKTS | Aktis Oncology INC | bought | — → 63,514 | +$2.0M | +0.02% | 0.0% | — |
| BLLN | Billiontoone INC | bought | — → 16,975 | +$2.0M | +0.02% | 0.0% | — |
| PTCT | Ptc Therapeutics INC | bought | — → 24,916 | +$2.0M | +0.02% | 0.0% | — |
| IRMD | Iradimed Corp | sold | 20,744 → 0 | −$2.0M | −0.02% | — | — |
| CELC | Celcuity INC | sold | 17,181 → 0 | −$2.0M | −0.02% | — | — |
| TVTX | Travere Therapeutics INC | bought | — → 34,315 | +$1.9M | +0.02% | 0.0% | — |
| METC | Ramaco Res INC | sold | 119,574 → 0 | −$1.8M | −0.02% | — | — |
| WOLF | Wolfspeed INC | bought | — → 38,219 | +$1.8M | +0.02% | 0.0% | — |
| FIGS | Figs INC | sold | 121,437 → 0 | −$1.8M | −0.02% | — | — |
| ADEA | Adeia INC | bought | — → 52,575 | +$1.7M | +0.01% | 0.0% | — |
| WTW | Willis Towers Watson PLC LTD | reduced −34% | 19,376 → 12,833 | −$1.7M | −0.01% | 0.0% | 41% undervalued |
| SPHR | Sphere Entertainment CO | reduced −20% | 48,293 → 38,529 | −$1.7M | −0.01% | 0.1% | — |
| SHAK | Shake Shack INC | sold | 18,840 → 0 | −$1.7M | −0.01% | — | — |
| RNG | Ringcentral INC | bought | — → 40,133 | +$1.6M | +0.01% | 0.0% | — |
| IRS | Irsa Inversiones Y Rep S A | sold | 94,136 → 0 | −$1.5M | −0.01% | — | — |
| LTH | Life Time Group Holdings INC | added +89% | 40,481 → 76,705 | +$1.5M | +0.01% | 0.0% | — |
| ZGN | Ermenegildo Zegna N V | bought | — → 111,273 | +$1.4M | +0.01% | 0.0% | — |
Bought / sold is the change in shares × the quarter's reported price (value ÷ shares in the filing); a position sold out is priced at the quarter before, since it has no price in this one. “Of the portfolio” is that amount against this quarter's reported book.
Source: the manager's Form 13F-HR on SEC EDGAR, kept as immutable quarterly snapshots; changes compare two consecutive filings. A 13F is filed up to 45 days after quarter end and covers US-listed long positions only. Tickers come from a self-maintained CUSIP map; a position without one shows its CUSIP. Method notes in where the numbers come from.