POLEN CAPITAL MANAGEMENT LLC — Quarter-over-Quarter 13F Allocation Shifts Q1 2026
In Q1 2026, POLEN CAPITAL MANAGEMENT LLC initiated 69 new positions, increased allocation to 10 existing positions, trimmed 10 positions, and exited 79 positions entirely. The fund's 13F equity book declined from $23.42B to $14.46B (-38.3% QoQ) . All deltas are sourced from sequential SEC Form 13F-HR filings; share-count changes reflect explicit trading activity, while weight changes can also include price movement. This page lists every position change reported — the portfolio overview shows a summary of the top shifts.
Net Portfolio Value Change
- $23.42BPrior quarter
- $14.46BCurrent quarter
- $-8.96BNet delta
- -38.3%% change
New Position Initiations Q1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
Largest Allocation Increases Q1 2026
Largest portfolio-weight increases in existing positions. Share-count delta is shown separately so price-only re-weighting can be distinguished from active adds.
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| PROTO LABS INC | PRLB | +0.01% | +806.32% | Holders → |
| FIGURE TECHNOLOGY SOLUTIO | FIGR | +0.02% | +725.07% | Holders → |
| KARMAN HLDGS INC | KRMN | +0.02% | +582.66% | Holders → |
| LIFE TIME GROUP HOLDINGS INC | LTH | +0.01% | +321.28% | Holders → |
| CLEAR SECURE INC | YOU | +0.04% | +271.01% | Holders → |
| CELCUITY INC | CELC | +0.01% | +268.69% | Holders → |
| VICTORY CAP HLDGS INC DEL | VCTR | +0.02% | +257.72% | Holders → |
| SOLARIS ENERGY INFRASTRUCTURE | SEI | +0.03% | +192.60% | Holders → |
| GRAHAM CORP | GHM | +0.01% | +186.52% | Holders → |
| WINMARK CORP | WINA | +0.01% | +165.77% | Holders → |
Largest Allocation Reductions Q1 2026
Largest portfolio-weight decreases in existing positions (positions kept open at a lower allocation).
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| ABBOTT LABS | ABT | -2.11% | -99.62% | Holders → |
| ADOBE INC | ADBE | -1.99% | -99.12% | Holders → |
| PAYCOM SOFTWARE INC | PAYC | -1.22% | -98.32% | Holders → |
| INTUIT | INTU | -1.39% | -96.13% | Holders → |
| HDFC BANK LTD | HDB | -0.05% | -93.48% | Holders → |
| BOSTON SCIENTIFIC CORP | BSX | -1.39% | -85.58% | Holders → |
| AFFIRM HLDGS INC | AFRM | -0.01% | -85.55% | Holders → |
| FIRST SOLAR INC | FSLR | -0.01% | -84.64% | Holders → |
| GARTNER INC | IT | -0.01% | -82.30% | Holders → |
| VANGUARD TOT WORLD STK ETF | VT | -0.01% | -80.35% | Holders → |
Exited Positions Q1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
Methodology & FAQ
How POLEN CAPITAL MANAGEMENT LLC Quarterly Changes Are Computed
Each row above is computed by joining the most recent 13F-HR filing for POLEN CAPITAL MANAGEMENT LLC against the immediately preceding quarterly filing for the same fund. Portfolio weights are normalized to exclude listed options for comparability. A complete description of the methodology — including how confidential treatment filings are handled and why share count rather than weight is the cleaner trading signal — is documented in the Methodology.
Which positions did POLEN CAPITAL MANAGEMENT LLC initiate in Q1 2026?
POLEN CAPITAL MANAGEMENT LLC established 69 new positions in Q1 2026: META PLATFORMS INC (META, 1.89%), LAM RESEARCH CORP. (LRCX, 1.56%), ROLLINS INC (ROL, 0.80%), DIGITALOCEAN HLDGS INC (DOCN, 0.06%), FASTLY INC (FSLY, 0.05%), ISHARES TR (MCHI, 0.04%), ISHARES INC (EWT, 0.04%), ASTRAZENECA PLC (AZN, 0.04%), PRAXIS PRECISION MEDICINES I (PRAX, 0.02%), SITIME CORP (SITM, 0.02%), VICOR CORP (VICR, 0.02%), AZZ INC (AZZ, 0.01%), AAR CORP (AIR, 0.01%), LINDBLAD EXPEDITIONS HLDGS I (LIND, 0.01%), LITTELFUSE INC (LFUS, 0.01%), SHAKE SHACK INC (SHAK, 0.01%), WISDOMTREE INC (WT, 0.01%), TERAWULF INC (WULF, 0.01%), NEXGEN ENERGY LTD (NXE, 0.01%), OUTFRONT MEDIA INC (OUT, 0.01%), CHEESECAKE FACTORY INC (CAKE, 0.01%), APPLIED OPTOELECTRONICS INC (AAOI, 0.01%), CIRCLE INTERNET GROUP INC (CRCL, 0.01%), IONQ INC (IONQ, 0.01%), TWIST BIOSCIENCE CORP (TWST, 0.01%), VISHAY PRECISION GROUP INC (VPG, 0.01%), FABRINET (FN, 0.01%), FLUOR CORP (FLR, 0.01%), CALLAWAY GOLF CO (CALY, 0.01%), ADTRAN HOLDINGS INC (ADTN, 0.01%), STRIDE INC (LRN, 0.01%), KONTOOR BRANDS INC (KTB, 0.01%), CANTOR EQUITY PARTNERS II IN (CEPT, 0.01%), ARLO TECHNOLOGIES INC (ARLO, 0.01%), LIGHTPATH TECHNOLOGIES INC (LPTH, 0.01%), BLACKSKY TECHNOLOGY INC (BKSY, 0.01%), ETON PHARMACEUTICALS INC (ETON, 0.01%), FIREFLY AEROSPACE INC (FLY, 0.01%), ONCE UPON A FARM PBC (OFRM, 0.00%), BETTER HOME & FINANCE HOLDIN (BETR, 0.00%), ORION GROUP HLDGS INC (ORN, 0.00%), LEMONADE INC (LMND, 0.00%), SEMTECH CORP (SMTC, 0.00%), ANI PHARMACEUTICALS INC (ANIP, 0.00%), THERMON GROUP HLDGS INC (THR, 0.00%), FLOTEK INDUSTRIES INC (FTK, 0.00%), MANITOWOC CO INC (MTW, 0.00%), VEECO INSTRS INC DEL (VECO, 0.00%), DELUXE CORP MEDIUM TERM NTS (DLX, 0.00%), ANNEXON INC (ANNX, 0.00%), MILLERKNOLL INC (MLKN, 0.00%), PHIBRO ANIMAL HEALTH CORP (PAHC, 0.00%), ALTO NEUROSCIENCE, INC. (ANRO, 0.00%), CENTRAL PUERTO S A (CEPU, 0.00%), AXSOME THERAPEUTICS (AXSM, 0.00%), MITEK SYS INC (MITK, 0.00%), BRISTOW GROUP INC (VTOL, 0.00%), SKYWATER TECHNOLOGY INC (SKYT, 0.00%), DIANTHUS THERAPEUTICS INC (DNTH, 0.00%), ALCOA CORP (AA, 0.00%), HYPERLIQUID STRATEGIES INC (PURR, 0.00%), SHARKNINJA INC (SN, 0.00%), VISTA ENERGY S.A.B. DE C.V. (VIST, 0.00%), MACOM TECH SOLUTIONS HLDGS I (MTSI, 0.00%), STATE STREET SPDR BLOOMBERG 1-3 MONTH T-BILL ETF (BIL, 0.00%), QXO, INC. (QXO, 0.00%), EL POLLO LOCO HLDGS INC (LOCO, 0.00%), NAUTILUS BIOTECHNOLOGY INC (NAUT, 0.00%), OPENDOOR TECHNOLOGIES INC (OPEN, 0.00%).
Which existing positions saw the largest allocation increases for POLEN CAPITAL MANAGEMENT LLC in Q1 2026?
The largest portfolio-weight increases in existing positions were: PROTO LABS INC (PRLB, +0.01% weight, +806.32% shares), FIGURE TECHNOLOGY SOLUTIO (FIGR, +0.02% weight, +725.07% shares), KARMAN HLDGS INC (KRMN, +0.02% weight, +582.66% shares), LIFE TIME GROUP HOLDINGS INC (LTH, +0.01% weight, +321.28% shares), CLEAR SECURE INC (YOU, +0.04% weight, +271.01% shares), CELCUITY INC (CELC, +0.01% weight, +268.69% shares), VICTORY CAP HLDGS INC DEL (VCTR, +0.02% weight, +257.72% shares), SOLARIS ENERGY INFRASTRUCTURE (SEI, +0.03% weight, +192.60% shares), GRAHAM CORP (GHM, +0.01% weight, +186.52% shares), WINMARK CORP (WINA, +0.01% weight, +165.77% shares).
Which positions did POLEN CAPITAL MANAGEMENT LLC fully exit in Q1 2026?
POLEN CAPITAL MANAGEMENT LLC fully exited 79 positions in Q1 2026: ICON PLC (ICLR) (ICLR, last-reported weight 0.08%), MONDAY COM LTD (MNDY, last-reported weight 0.05%), ISHARES TR (IVV, last-reported weight 0.04%), GLOBANT S A (GLOB, last-reported weight 0.03%), MAKEMYTRIP LIMITED MAURITIUS (MMYT, last-reported weight 0.02%), PDD HOLDINGS INC (PDD, last-reported weight 0.02%), KAROOOOO, LTD. (KARO, last-reported weight 0.01%), HURON CONSULTING GROUP (HURN, last-reported weight 0.01%), WORKDAY INC (WDAY, last-reported weight 0.01%), ALPHATEC HLDGS INC (ATEC, last-reported weight 0.01%), VANGUARD INDEX FDS (VTI, last-reported weight 0.01%), RED VIOLET INC (RDVT, last-reported weight 0.01%), THERMO FISHER SCIENTIFIC INC (TMO, last-reported weight 0.01%), PAGAYA TECHNOLOGIES LTD (PGY, last-reported weight 0.01%), GRAIL, INC. (GRAL, last-reported weight 0.00%), LIQUIDIA CORPORATION (LQDA, last-reported weight 0.00%), ARTIVION INC (AORT, last-reported weight 0.00%), CREDO TECHNOLOGY GROUP HOLDI (CRDO, last-reported weight 0.00%), HOWARD HUGHES HOLDINGS INC (HHH, last-reported weight 0.00%), XERIS BIOPHARMA HOLDINGS INC (XERS, last-reported weight 0.00%), CONSTELLATION ENERGY (CEG, last-reported weight 0.00%), KURA ONCOLOGY INC (KURA, last-reported weight 0.00%), THREDUP INC (TDUP, last-reported weight 0.00%), UPWORK INC (UPWK, last-reported weight 0.00%), LATHAM GROUP INC (SWIM, last-reported weight 0.00%), AMERICAN SUPERCONDUCTOR CORP (AMSC, last-reported weight 0.00%), ODDITY TECH LTD (ODD, last-reported weight 0.00%), IHEARTMEDIA INC (IHRT, last-reported weight 0.00%), PITNEY BOWES INC (PBI, last-reported weight 0.00%), CYTOKINETICS INC (CYTK, last-reported weight 0.00%), CANADIAN SOLAR INC (CSIQ, last-reported weight 0.00%), NAPCO SEC TECHNOLOGIES INC (NSSC, last-reported weight 0.00%), AUTOMATIC DATA PROCESSING IN (ADP, last-reported weight 0.00%), PORCH GROUP INC (PRCH, last-reported weight 0.00%), NRG ENERGY INC (NRG, last-reported weight 0.00%), LIMBACH HLDGS INC (LMB, last-reported weight 0.00%), HEALTHEQUITY INC (HQY, last-reported weight 0.00%), SKYWEST INC (SKYW, last-reported weight 0.00%), ERMENEGILDO ZEGNA N V (ZGN, last-reported weight 0.00%), ESPERION THERAPEUTICS INC NE (ESPR, last-reported weight 0.00%), OPPFI INC (OPFI, last-reported weight 0.00%), LUXEXPERIENCE BV (LUXE, last-reported weight 0.00%), MESOBLAST LTD (MESO, last-reported weight 0.00%), NEWMARK GROUP INC (NMRK, last-reported weight 0.00%), AEROVIRONMENT INC (AVAV, last-reported weight 0.00%), PERSONALIS INC (PSNL, last-reported weight 0.00%), ADT INC DEL (ADT, last-reported weight 0.00%), UNITEDHEALTH GROUP INC (UNH, last-reported weight 0.00%), NEWAMSTERDAM PHARMA COMPANY (NAMS, last-reported weight 0.00%), MEDPACE HLDGS INC (MEDP, last-reported weight 0.00%), ACUITY INC (AYI, last-reported weight 0.00%), OLEMA PHARMACEUTICALS INC (OLMA, last-reported weight 0.00%), APPIAN CORP (APPN, last-reported weight 0.00%), LYFT INC (LYFT, last-reported weight 0.00%), ABCELLERA BIOLOGICS INC. (ABCL, last-reported weight 0.00%), AUTODESK INC (ADSK, last-reported weight 0.00%), ISHARES TR (IOO, last-reported weight 0.00%), GAP INC (GAP, last-reported weight 0.00%), WESTERN ALLIANCE BANCORP (WAL, last-reported weight 0.00%), HOLLEY INC (HLLY, last-reported weight 0.00%), SERVICETITAN INC (TTAN, last-reported weight 0.00%), ARMSTRONG WORLD INDUSTRIES, INC. (AWI, last-reported weight 0.00%), STRATASYS LTD (SSYS, last-reported weight 0.00%), UL SOLUTIONS INC (ULS, last-reported weight 0.00%), PACIFIC BIOSCIENCES CALIF IN (PACB, last-reported weight 0.00%), SYMBOTIC INC (SYM, last-reported weight 0.00%), COOPER STD HLDGS INC (CPS, last-reported weight 0.00%), EOS ENERGY ENTERPRISES INC (EOSE, last-reported weight 0.00%), UNITY SOFTWARE INC (U, last-reported weight 0.00%), PELOTON INTERACTIVE INC (PTON, last-reported weight 0.00%), SERVE ROBOTICS INC (SERV, last-reported weight 0.00%), TEMPUS AI INC (TEM, last-reported weight 0.00%), ROIVANT SCIENCES LTD. (ROIV, last-reported weight 0.00%), RICHTECH ROBOTICS INC (RR, last-reported weight 0.00%), PAYPAL HLDGS INC (PYPL, last-reported weight 0.00%), OSCAR HEALTH INC (OSCR, last-reported weight 0.00%), PRECIGEN INC (PGEN, last-reported weight 0.00%), GRID DYNAMICS HLDGS INC (GDYN, last-reported weight 0.00%), SOPHIA GENETICS SA (SOPH, last-reported weight 0.00%).
Which existing positions saw the largest allocation reductions for POLEN CAPITAL MANAGEMENT LLC in Q1 2026?
The largest portfolio-weight reductions in positions kept open were: ABBOTT LABS (ABT, -2.11% weight, -99.62% shares), ADOBE INC (ADBE, -1.99% weight, -99.12% shares), PAYCOM SOFTWARE INC (PAYC, -1.22% weight, -98.32% shares), INTUIT (INTU, -1.39% weight, -96.13% shares), HDFC BANK LTD (HDB, -0.05% weight, -93.48% shares), BOSTON SCIENTIFIC CORP (BSX, -1.39% weight, -85.58% shares), AFFIRM HLDGS INC (AFRM, -0.01% weight, -85.55% shares), FIRST SOLAR INC (FSLR, -0.01% weight, -84.64% shares), GARTNER INC (IT, -0.01% weight, -82.30% shares), VANGUARD TOT WORLD STK ETF (VT, -0.01% weight, -80.35% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity.