What smart money is saying about Starbucks
2 funds in our archive have pitched Starbucks — most recently Polen Global Growth in June 2025.
Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items. The company also licenses its trademarks through licensed stores, and grocery and foodservice accounts. The company offers its products under the Starbucks, Teavana, Seattle's Best Coffee, Evolution Fresh, Ethos, Starbucks Reserve, and Princi brands. As of October 3, 2021, it operated 16,826 company-operated and licensed stores in North America; and 17,007 company-operated and licensed stores internationally. The company was founded in 1971 and is based in Seattle, Washington.
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Position history
Between Q1 2025 and Q2 2026, 3 fund letters reported a position in Starbucks — 3 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 3 | 0 | 3 | 0 |
| Q2 2025 | 0 | 0 | 0 | 1 |
| Q1 2025 | 0 | 0 | 0 | 1 |
Fund activity · 3 positions · 3 moves
- ExitedDiamond Hill Select FundJune 2026
“• Shares of regional bank KeyCorp and coffee chain Starbucks were sold to allocate funds to more attractive opportunities.”
Starbucks - June 2026
“In consumer discretionary, CarMax rebounded as its comparable sales improved, and Starbucks shares were strong as its turnaround is gaining traction. We eliminated Starbucks as it approached our estimate of intrinsic value.”
Starbucks - TrimmedPolen Capital Global GrowthJune 2026
“Portfolio Activity In Q2 2026, we initiated new positions in GE Aerospace, GE Vernova, Howmet Aerospace, Hermès International, Keyence, and Rheinmetall while selling our holdings in Boston Scientific, Siemens Healthineers, and 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.”
Starbucks
Fund coverage · 2 theses
- Polen Global GrowthJune 2025
Starbucks is poised for substantial growth under new CEO Brian Niccol, whose practical turnaround plan aims to simplify operations and enhance customer experience across its stores.
Read the full thesis - Polen Focus GrowthMarch 2025
Starbucks is well-positioned for a turnaround under new CEO Brian Niccol, whose multi-faceted improvement plan aims to enhance store operations and customer experience, driving future growth and margin expansion.
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