Polen Capital
Polen Global Growth
Global Mega-cap Growth
Dec 2024 → Jun 2026
Our archive holds 8 letters from this strategy, behind 18 investment theses and positions in 25 companies. Every quote below is copied verbatim from the letter it came from.
8 letters in 3 years — follow all of Polen Capital for every strategy.
What it bought and sold
We initiated a new position in GE Aerospace, which we view as one of the highest-quality industrial businesses in the world.
We initiated a new position in Rheinmetall, Germany's largest defense contractor and one of the leading suppliers of military vehicles, weapons, and ammunition in Europe.
We initiated a new position in Howmet Aerospace, a critical supplier of highly engineered components for commercial aerospace engines.
During the period we also added to our positions in ASML and Idexx Labs and trimmed our positions in Starbucks, Oracle, Shopify, Aon and Broadcom.
During the period we also added to our positions in ASML and Idexx Labs and trimmed our positions in Starbucks, Oracle, Shopify, Aon and Broadcom.
We initiated a new position in GE Vernova, one of the few global companies capable of supplying the power generation equipment needed to meet rising electricity demand.
During the period we also added to our positions in ASML and Idexx Labs and trimmed our positions in Starbucks, Oracle, Shopify, Aon and Broadcom.
On the other hand, we sold our position in Boston Scientific.
During the period we also added to our positions in ASML and Idexx Labs and trimmed our positions in Starbucks, Oracle, Shopify, Aon and Broadcom.
Lastly, we eliminated our position in Zoetis.
During the period we also added to our positions in ASML and Idexx Labs and trimmed our positions in Starbucks, Oracle, Shopify, Aon and Broadcom.
We initiated a new position in Hermès, one of the world's highest- quality luxury goods companies.
We also moved on from our position in Siemens Healthineers.
During the period we also added to our positions in ASML and Idexx Labs and trimmed our positions in Starbucks, Oracle, Shopify, Aon and Broadcom.
During the period we also added to our positions in ASML and Idexx Labs and trimmed our positions in Starbucks, Oracle, Shopify, Aon and Broadcom.
We initiated a new position in Japan-based Keyence, one of the world's highest-quality industrial automation businesses.
Also held
Its investment theses
- Tokyo ElectronJun 2026Tokyo Electron is a leading semiconductor equipment supplier positioned to benefit from AI-driven investment cycles and strong customer relationships.
- GE VernovaJun 2026GE Vernova supplies critical power generation equipment and has a long demand runway from electrification, AI infrastructure, and grid modernization.
- Howmet AerospaceJun 2026Howmet Aerospace is a mission-critical aerospace components supplier with scarce competitive positioning and upside from production and aftermarket demand.
- Hermès InternationalJun 2026Hermès is a highly exclusive luxury brand with pricing power, a wide moat, and a long runway for compounding growth.
- KeyenceJun 2026Keyence is a leading industrial automation company with strong technology leadership, recovering end markets, and long-term earnings compounding potential.
- RheinmetallJun 2026Rheinmetall is a leading European defense contractor positioned to benefit from rising defense spending and a growing order backlog.
- Siemens HealthineersJun 2026Siemens Healthineers is a high-quality healthcare franchise with leading positions, but near-term growth was seen as more modest.
- ASMLMar 2026ASML is a monopolistic lithography equipment leader with major barriers to entry, semiconductor tailwinds, and high-teens earnings growth potential.
- Meta PlatformsMar 2026Meta Platforms is a global advertising platform with AI monetization, massive user reach, and attractive valuation-driven growth potential.
- CoStar GroupMar 2026CoStar Group is a deeply embedded information platform with domain expertise, AI resilience, and margin expansion potential.