- Polen Capital is a global independently-owned growth equity boutique, led by an experienced team of investment professionals who are committed to preserving and growing the assets of our clients through.
- During the Q4’20, the Polen Focus Growth Composite Portfolio returned 10.15% gross of fees versus 11.39% for the Russell 1000 Growth Index and 12.15% for the S&P 500.
- We continued to observe ebullient behavior in the U.S. equity market, with some company stock prices increasing on non-economic news and nearly 250 SPAC IPOs in 2020.
- We made one trade in the fourth quarter, adding a new position in Illumina to the Portfolio.
- Our top performers (Portfolio average weight multiplied by return) in the fourth quarter were Alphabet, Align Technology, and Autodesk. The bottom contributors during the quarter were Salesforce.com, Regeneron Pharmaceuticals, and Zoetis.
For further details see:
Polen Capital Focus Growth Portfolio Manager Commentary Q4 2020