Polen Capital
Polen Emerging Markets Growth
Emerging markets Large-cap Growth
Dec 2024 → Dec 2025
Our archive holds 6 letters from this strategy, behind 7 investment theses and positions in 15 companies. Every quote below is copied verbatim from the letter it came from.
6 letters in 2 years · follow all of Polen Capital for every strategy.
What it bought and sold
We started positions in four new companies, leading Chinese battery producer CATL, Brazilian industrial motor business WEG, Indian hotel operator Indian Hotels, and Indian record label Saregama India.
- New positionWEGDec 2025
We started positions in four new companies, leading Chinese battery producer CATL, Brazilian industrial motor business WEG, Indian hotel operator Indian Hotels, and Indian record label Saregama India.
We ended positions in another four holdings, Mexican conglomerate FEMSA, Indian investment bank Kotak Mahindra, Indian conglomerate Reliance Industries, and Indian IT services provider Infosys.
We ended positions in another four holdings, Mexican conglomerate FEMSA, Indian investment bank Kotak Mahindra, Indian conglomerate Reliance Industries, and Indian IT services provider Infosys.
We started positions in four new companies, leading Chinese battery producer CATL, Brazilian industrial motor business WEG, Indian hotel operator Indian Hotels, and Indian record label Saregama India.
We ended positions in another four holdings, Mexican conglomerate FEMSA, Indian investment bank Kotak Mahindra, Indian conglomerate Reliance Industries, and Indian IT services provider Infosys.
We started positions in four new companies, leading Chinese battery producer CATL, Brazilian industrial motor business WEG, Indian hotel operator Indian Hotels, and Indian record label Saregama India.
- ExitedFEMSADec 2025
We ended positions in another four holdings, Mexican conglomerate FEMSA, Indian investment bank Kotak Mahindra, Indian conglomerate Reliance Industries, and Indian IT services provider Infosys.
Also held
Its investment theses
- Dino Polska SADec 2025Dino Polska SA is a rural-focused Polish supermarket operator with resilient fundamentals, accelerating store expansion, and a proven low-cost model supporting long-term growth.
- Hugel Inc.Dec 2025Hugel Inc. is a South Korean leader in botulinum toxin and fillers with attractive valuation, cost-efficient production, and anticipated U.S. approvals to drive international growth.
- Accton Technology CorporationDec 2025Accton Technology Corporation is a Taiwanese leader in networking and AI hardware with surging AI-driven demand, strengthening positioning, and an undemanding valuation enabling multi-year compounding.
- Contemporary Amperex Technology Co., LimitedDec 2025Contemporary Amperex Technology Co., Limited is the world’s largest EV battery maker with growing adoption of next-gen products, expanding margins, and ESS tailwinds supporting sustained innovation-led profitability.
- HugelSep 2025Hugel is the South Korean leader in medical aesthetics, specializing in botulinum toxin and hyaluronic acid fillers, with an attractive investment case due to its valuation, efficient production, and anticipated international expansion.
- InPostSep 2025InPost is a leading Polish logistics company specializing in Automated Parcel Machines, poised for multi-year growth despite temporary integration challenges following a recent UK acquisition.
- Nu HoldingsDec 2024**Nu Holdings** is the largest online neo-bank globally, with a strong presence in Brazil and Mexico, boasting 100 million and 10 million users respectively, and is expected to deliver attractive revenues and profits in the coming years.