David M. Polen - Polen Capital Management Investment Strategy & Portfolio Analysis
How Polen Capital Management allocates capital, manages risk, and constructs its portfolio — based on SEC 13F filings.
As of Mar 31, 2026, David M. Polen's Polen Capital Management portfolio reflects a quant / systematic investor approach across 209 reported 13F positions. Portfolio returns are distributed across holdings, with the top five positions representing approximately 30% of total exposure. The portfolio maintains structural breadth across 209 positions, with economic weighting tilted toward large-cap technology and growth-oriented names. Exposure to high-growth and technology-oriented segments is elevated relative to peers, with performance anchored in growth-oriented names across technology, financials, and healthcare. The portfolio exhibits low turnover, consistent with a buy-and-hold posture held through multiple reporting cycles. Distinctive traits include Long-Term Holder, Broadly Diversified, Structurally Diversified.
Investment Style
Value, growth, quality, and behavioral classification from latest 13F holdings.
Primary type: Quant / Systematic Investor
Traits: Long-Term Holder, Broadly Diversified, Structurally Diversified
Turnover profile
Moderate
Holding horizon
Long-Term
Portfolio Construction
Concentration and position sizing in the latest filing.
Portfolio construction is lowly concentrated: top three names represent 19.0% of assets, top five 30.4%, and the largest single position is 7.3%.
Top 3 weight
19.0%
Top 5 weight
30.4%
Top 10 weight
56.4%
Largest position
7.3%
Top holdings: Microsoft Corporation, Alphabet Inc., Eli Lilly and Company, Broadcom Inc., Amazon.com, Inc. — view full holdings
Sector Preferences
Where capital is allocated by sector.
Capital is tilted toward Technology and Financial Services, with 12 sectors represented in the latest filing.
Leading sectors: Technology, Financial Services, Healthcare
Risk Framework
Concentration, diversification, and turnover tolerance.
This investor accepts low single-name risk (largest position 7.3%, top ten 56.4%) and high economic diversification (HHI 0.04). Turnover tolerance maps to a moderate profile.
Largest position
7.3%
Top 10 weight
56.4%
Max sector
39.8%
Diversification
High
Strategy Evolution
How the strategy changed between the two most recent filing periods.
Dec 31, 2025 → Mar 31, 2026
- Position count decreased from 224 to 209 (-15 names).
- Top-five concentration fell from 33.7% to 30.4%.
- Dominant sector mix shifted from Technology, Healthcare to Technology, Financial Services.
- Largest holding changed from Amazon.com, Inc. to Microsoft Corporation.
- Quarter-over-quarter portfolio weight turnover: 14.4%.
For trade-level changes, see the Activity page. View activity.
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