Market insights and commentary from Polen Capital.
Polen Capital's Q2 2026 webinar replay (approximately 48 minutes) covers thematic investing as a driver of portfolio performance, with related discussion touching on small-cap volatility, AI narratives in credit, and structural growth forces. The session reflects Polen Capital's disciplined, growth-oriented investment philosophy applied across thematic lenses.

Polen Capital argues that U.S. small cap growth's poor risk-adjusted returns and high volatility at the asset-class level obscure significant dispersion between individual winners and losers, which skilled active managers can exploit. The paper contends that volatility is a structural byproduct of early-stage innovation dynamics rather than a reason to avoid the segment, and that a bottom-up, company-focused approach can generate attractive risk-adjusted returns.

This Polen Capital webinar replay examines how Section 351 tax-free exchange strategies can be used to transition concentrated or low-basis equity positions into diversified portfolios without triggering immediate capital gains. The session explores the mechanics and portfolio management implications of this approach for high-net-worth and institutional investors.
Polen Capital's Focus Growth team (Davidowitz, Ficklin, Atkins) discusses Q1 2026 portfolio repositioning, consolidating software exposure into fewer high-conviction "mission critical" names such as Microsoft, Oracle, ServiceNow, and Shopify while exiting Paycom, Adobe, and Intuit. The team argues recent underperformance is narrative- and algo-driven rather than fundamental, and highlights an attractive valuation setup of low-20s P/E with mid-to-high-teens earnings growth potential.