Polen Capital
Polen International Growth
International Large-cap Growth
Dec 2024 → Mar 2026
Our archive holds 7 letters from this strategy, behind 21 investment theses and positions in 18 companies. Every quote below is copied verbatim from the letter it came from.
7 letters in 3 years — follow all of Polen Capital for every strategy.
Its investment theses
- Siemens EnergyMar 2026Siemens Energy is a power infrastructure leader benefiting from AI-driven electricity demand and improving profitability.
- AIA GroupMar 2026AIA Group is a leading Asian insurer with a strong agent network and structural growth tailwinds.
- Mitsubishi Heavy IndustriesMar 2026Mitsubishi Heavy Industries is a Japanese industrial and defense conglomerate with AI power demand and defense tailwinds.
- TSMCMar 2026TSMC is the dominant global chip foundry benefiting from AI demand, leading-edge scale, and pricing power.
- SaabMar 2026Saab is a European defense leader benefiting from rising defense demand and margin expansion potential.
- ASM International N.V.Dec 2025ASM International N.V. dominates Atomic Layer Deposition for leading-edge chips and is poised for high-teens earnings growth as AI advances semiconductors.
- Disco CorporationDec 2025Disco Corporation is a leader in back-end semiconductor equipment critical for AI-era packaging, with potential for high-teens total return compounding.
- SAP SEDec 2025SAP SE maintains a resilient, mission-critical software model with strong cloud momentum and is positioned for at least mid-teens earnings growth.
- Tencent Holdings Ltd.Dec 2025Tencent Holdings Ltd. leverages its massive WeChat ecosystem and diversified tech assets to drive sustainable low double-digit revenue and mid-teens EPS growth.
- ASM InternationalSep 2025ASM International is a leading provider of essential semi-cap equipment for chip manufacturing, poised to grow earnings at a high-teens rate over the next five years due to the increasing demand for advanced semiconductor technologies.