Polen Capital

Three years ago, in March 2020, the head of the World Health Organization declared the COVID-19 outbreak a global pandemic. Immediately after, entire nations went into lockdown, upending life as we knew it. Amid the health crisis, people adapted to the “new normal” by adjusting their lifestyles and developing new habits. Fast forward to today, we can see that several trends which emerged during the pandemic were quick to fade, while others are likely to have long-lasting implications in the post-pandemic era. continue…

by Polen Capital Posted in Consumer discretionary, Polen Capital.

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In this video Polen Capital’s Damon Ficklin joins Roger to discuss the portfolio characteristics of the businesses owned in the Polen Capital Global Growth Fund. The businesses Polen Capital invest in are truly advantaged and have the ability to weather the business cycle and continue to perform well in the current environment. Two examples of businesses delivering double-digit revenue growth include Align Technology and Visa. continue…

by Polen Capital Posted in Polen Capital.

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In this week’s video insight David provides an update on our global equity partner Polen Capital including how the Polen Capital Global Emerging Markets Growth Team selects what they believe are high quality 25-40 companies with difficult-to-replicate competitive advantages.

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by David Buckland Posted in Polen Capital, Video Insights.

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The past year posed considerable challenges for equity investors, including runaway inflation, a rising interest rate environment, geopolitical tensions, and the lingering effects of the pandemic. The confluence of these headwinds – and a lack of positive catalysts – roiled market sentiment, resulting in most equity analysts adjusting their expectations for corporate earnings growth substantially lower. continue…

by Polen Capital Posted in Editor's Pick, Polen Capital.

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“It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”¹ This well-worn adage from Warren Buffett has guided our investment approach for over thirty years and is the title of a piece we published in 2018.² Given recent market conditions, we’ve chosen to revisit this concept. continue…

by Polen Capital Posted in Polen Capital.

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2022 was a challenging year in the market, particularly for growth stocks, and now we enter 2023 with the consensus expectation for a recession. Portfolio activity for the Polen Capital Global Growth Fund picked up during the fourth quarter of the year. Four long-term holdings were sold during the December 2022 quarter – Nike, Adidas, Starbucks, and Meta Platforms. Each of the exited positions were smaller weights within the portfolio, reflecting some concerns on outlook. continue…

by Polen Capital Posted in Companies, Polen Capital.

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The fourth quarter of 2022 echoed themes that endured throughout the year, and despite posting double-digit returns over the quarter, 2022 ended with the largest annual decline since 2008. While multiple compression was behind the broad decline over the year, the fourth quarter saw multiples expand for the first time since Q4 2021. Signs of inflation slowing mostly drove this reversal. continue…

by Polen Capital Posted in Polen Capital.

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While the market experienced some recovery during the fourth quarter, the speed of the market decline and the aggregate losses as of year-end made 2022 one of the most challenging years for the market in many years. continue…

by Polen Capital Posted in Polen Capital.

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Quality stocks have been shown in studies to have robust historical performances.¹ This analysis takes a deeper look into the Quality factor’s performance by breaking out its history into the four stages of the business cycle: Early, Mid, Late, and Recession. continue…

by Polen Capital Posted in Polen Capital, Whitepapers.

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Portfolio Manager, Rob Forker, and the team running the Polen Capital Global Small and Mid Cap Fund have recently added two healthcare related companies to the portfolio. continue…

by David Buckland Posted in Companies, Polen Capital, Stocks We Like.

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