LongLLYSep 2026
Eli Lilly and Company
Polen remains positive on Eli Lilly and continues to own a meaningful stake following a trim. The investment case centers on the company’s portfolio of incretin-based therapies…
Polen Capital Management, LLC
Concentrated investment in competitively advantaged growth companies with emphasis on long-term compounding and capital preservation.12 published ideas
Polen Capital is an investment manager applying fundamental research to growth companies with durable competitive positions. Its Focus Growth strategy balances long-term compounders across software, digital services and AI infrastructure while remaining disciplined on valuations. The strategy is managed by Dan Davidowitz and Damon Ficklin.
Ideas from Polen Capital Management, LLC
LongNOWSep 2026
ServiceNow, Inc.
Polen regards ServiceNow as an example of an established software franchise that can benefit from generative AI rather than be displaced by it. The company delivered strong…
LongNVDASep 2026
NVIDIA Corporation
Polen continues to view NVIDIA as one of the most advantaged businesses in AI infrastructure and holds a roughly 7.5% portfolio position. Revenue more than doubled year over…
LongADYENSep 2026
Adyen N.V.
Polen initiated a position in Adyen because its payments platform is developing from transaction processing into a broader financial operating system for commerce. A single…
LongASMLSep 2026
ASML Holding N.V.
Polen opened a position in ASML for its unique strategic position in advanced semiconductor lithography. Its extreme ultraviolet systems are critical to continued scaling of…
LongPWRSep 2026
Quanta Services, Inc.
Polen bought Quanta Services as a leading North American specialty contractor enabling modernization of the electricity grid. The company serves utilities, renewable developers…
LongSTXSep 2026
Seagate Technology Holdings plc
Polen established a position in Seagate, one of just two major hard disk drive suppliers. Data creation from cloud workloads, AI training, video, telemetry and archival storage…
LongEMESep 2026
EMCOR Group, Inc.
Polen added to EMCOR after exiting Rollins, seeing a better use of capital in the specialty contracting business. EMCOR is demonstrating stronger operating momentum and…
LongMETASep 2026
Meta Platforms, Inc.
Polen increased Meta after the launch of its Muse personal AI agent, seeing another way to commercialize AI spending beyond advertising. The company has more than three billion…
LongSHOPSep 2026
Shopify Inc.
Polen remains optimistic about Shopify even after reducing the holding following strong share-price performance. It sees agentic commerce as a potential growth tailwind for the…
LongSBUXSep 2026
Starbucks Corporation
Polen retained a positive view of Starbucks as the company executes an operating turnaround. Improving comparable-store sales and margins indicate the recovery is taking shape…
LongMSFTSep 2026
Microsoft Corporation
Microsoft remains a meaningful software and AI holding whose share performance improved as investors returned to high-quality enterprise software. Polen sees established software…
Letters covered
- Polen Focus Growth – 3Q 2026 Portfolio Manager CommentarySeptember 30, 2026
Source PDFs are not republished here; only extracted ideas and quotes.