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Funds (13F)

Polen Capital Management LLC

Backtest from 16 Aug 2013 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+13.5%
S&P 500 +14.1%
Last 12 months
−9.2%
S&P 500 +12.1%
Sharpe ratio
0.65
S&P 500 0.78
Biggest drop
−41.1%
S&P 500 −31.8%
$10.0k$20.0k$40.0k 2013201520172019202120232025 $57.0k$53.5k
Polen Capital Management LLCS&P 500 $10,000 in Polen Capital Management LLC from 16 Aug 2013 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Copies Polen Capital Management LLC's quarterly 13F holdings in the companies we cover, weighted by reported value: it buys on the first trading day after each 13F is filed (up to 45 days after the quarter) and holds until the next filing. A 13F shows long US-listed positions only, at the quarter's end, so this misses shorts, cash, bonds, non-US holdings and trading within the quarter.

Polen Capital Management LLC's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+13.5%+14.1%
Total return+435%+470%
Last 12 months−9.2%+12.1%
Last 3 months+3.6%—
Last month+0.1%—
This year so far−6.8%—
Volatility a year19.3%16.0%
Sharpe ratio0.650.78
Biggest drop−41.1%−31.8%
Beta to the S&P 5001.091.00
Alpha a year (t-statistic)−1.0% (−0.44)—
Share of weeks up57%—

Sharpe ratio uses returns above the 3-month Treasury bill rate. Alpha is the yearly return left after allowing for the strategy's exposure to the S&P 500 (CAPM); a t-statistic below about 2 means it cannot be told apart from luck.

Insights

CompanyWeightHeld sinceReturn since
LLY7.5%——
NVDA7.5%——
MSFT7.3%——
AVGO6.9%——
AMZN6.3%——
V5.8%——
MA5.5%——
NOW5.0%——
ORCL4.9%——
SHOP4.9%——
MSCI3.5%——
LRCX3.5%——
SBUX3.4%——
IDXX2.6%——
GE2.4%——
CSGP2.3%——
TSM2.2%——
ABNB2.2%——
GEV2.2%——
META1.7%——
ISRG1.7%——
ATI1.5%——
HWM1.1%——
EME0.8%——
ROL0.6%——
AON0.5%——
MELI0.4%——
UBER0.4%——
SPOT0.3%——
ASML0.3%——
ZTS0.2%——
ACN0.2%——
SNPS0.2%——
DOCN0.1%——
WULF0.1%——
BE0.1%——
NU0.1%——
GOOGL0.1%——
LASR0.1%——
FROG0.1%——
POWL0.1%——
AGX0.1%——
MOD0.1%——
BKD0.1%——
BWXT0.1%——
CCJ0.1%——
VSEC0.1%——
SPHR0.1%——
SEI0.1%——
AMPX0.1%——
AEHR0.1%——
DLO0.1%——
REAL0.1%——
TWST0.1%——
VICR0.1%——
IESC0.1%——
GH0.1%——
LPTH0.1%——
PL0.1%——
VPG0.1%——
NFLX0.1%——
RXT0.0%——
FTK0.0%——
SAP0.0%——
CRS0.0%——
BFLY0.0%——
AXTI0.0%——
TSLA0.0%——
APLD0.0%——
VECO0.0%——
BW0.0%——
AZN0.0%——
TME0.0%——
AIR0.0%——
WTW0.0%——
TSHA0.0%——
LIND0.0%——
ATRO0.0%——
LFUS0.0%——
ASTE0.0%——
LTH0.0%——
EVC0.0%——
TIGO0.0%——
JOBY0.0%——
CDNL0.0%——
SRRK0.0%——
AAOI0.0%——
PRLB0.0%——
OPY0.0%——
PLPC0.0%——
FPS0.0%——
DRTS0.0%——
PTGX0.0%——
CALY0.0%——
PURR0.0%——
CAKE0.0%——
ROAD0.0%——
WT0.0%——
FIVN0.0%——
CVNA0.0%——
MIRM0.0%——
PRAX0.0%——
KN0.0%——
VCTR0.0%——
MEC0.0%——
RKLB0.0%——
SE0.0%——
ADPT0.0%——
NOVT0.0%——
SMTC0.0%——
PENG0.0%——
ONON0.0%——
AKTS0.0%——
BLLN0.0%——
PTCT0.0%——
OUT0.0%——
GHM0.0%——
TVTX0.0%——
ESTA0.0%——
WOLF0.0%——
MAMA0.0%——
ADEA0.0%——
ERO0.0%——
RHLD0.0%——
ETON0.0%——
CW0.0%——
RNG0.0%——
ADBE0.0%——
FTI0.0%——
ZGN0.0%——
CVLG0.0%——
KOD0.0%——
AIRJ0.0%——
VELO0.0%——
OPLN0.0%——
BTDR0.0%——
GRBK0.0%——
SOFI0.0%——
FN0.0%——
TWLO0.0%——
SPCX0.0%——
NESR0.0%——
PRSU0.0%——
OSCR0.0%——
AXSM0.0%——
URGN0.0%——
RXO0.0%——
WYFI0.0%——
WSC0.0%——
ADTN0.0%——

Weighted by reported value in the latest 13F, held until the next filing.

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest16 Aug 2013 to 2 Nov 2026+13.5%+14.1%0.650.78−41.1%1.09−1.0% (−0.44)
2018 onwards5 Jan 2018 to 2 Nov 2026+11.1%+13.9%0.460.66−41.1%1.10−2.9% (−0.91)
Last three years3 Nov 2023 to 2 Nov 2026+8.3%+21.8%0.281.16−23.8%1.09−12.5% (−2.21)
Last year7 Nov 2025 to 2 Nov 2026−6.4%+14.2%−0.430.84−20.8%1.24−20.9% (−1.59)
DateCompanyAction
7 Aug 2026ZGNBought
7 Aug 2026XPOBought
7 Aug 2026WYFIBought
7 Aug 2026WSCBought
7 Aug 2026WOLFBought
7 Aug 2026URGNBought
7 Aug 2026UALBought
7 Aug 2026TVTXBought
7 Aug 2026TDUPBought
7 Aug 2026SPCXBought
7 Aug 2026SANMBought
7 Aug 2026RXTBought
7 Aug 2026RXOBought
7 Aug 2026ROIVBought
7 Aug 2026RNGBought
7 Aug 2026RBRKBought
7 Aug 2026PTCTBought
7 Aug 2026PRSUBought
7 Aug 2026PENGBought
7 Aug 2026PBought
7 Aug 2026OSCRBought
7 Aug 2026OOMABought
7 Aug 2026NOVTBought
7 Aug 2026NESRBought
7 Aug 2026MRCYBought

Dated at the rebalance that made the change.

DateCompanyAction
7 Aug 2026XMTRSold
7 Aug 2026WINASold
7 Aug 2026WGSSold
7 Aug 2026VTOLSold
7 Aug 2026TMDXSold
7 Aug 2026STRLSold
7 Aug 2026SMRSold
7 Aug 2026SIONSold
7 Aug 2026SHAKSold
7 Aug 2026SESSold
7 Aug 2026QXOSold
7 Aug 2026PAYCSold
7 Aug 2026PAHCSold
7 Aug 2026ORNSold
7 Aug 2026OPENSold
7 Aug 2026OFRMSold
7 Aug 2026NAUTSold
7 Aug 2026MTWSold
7 Aug 2026MIRSold
7 Aug 2026METCSold
7 Aug 2026MDTSold
7 Aug 2026LRNSold
7 Aug 2026LMNDSold
7 Aug 2026KTOSSold
7 Aug 2026KTBSold

Dated at the rebalance that made the change.

Backtests are hypothetical and use today's listed companies only, which flatters results. Past performance does not predict future returns. This is research, not investment advice. How we backtest