SITM - Polen Capital Q1 2024 U.S. SMID Company Growth Commentary
2024-05-12 09:45:00 ET
Summary
- Polen Capital is a high-conviction growth investment manager. We scour the globe in search of the highest quality, sustainable companies to invest in.
- In the first quarter of 2024, the Polen Capital U.S. SMID Company Growth Composite Portfolio returned -0.28% gross and -0.57% net of fees compared to an 8.51% return for the Russell 2500 Growth Index.
- During the first quarter, we initiated one new position in ExlService, and added to existing positions in Clearwater Analytics, Progyny, SiTime, Bio-Techne, MarketAxess, Etsy, and Generac.
- We eliminated our position in Bumble and trimmed positions in Trex, Wingstop, and Houlihan Lokey.
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Polen Capital Q1 2024 U.S. SMID Company Growth Commentary