Dan Davidowitz, Polen Capital Management

Portfolio USD 11,610,788,000 across 204 positions as of 2026 Q2; history from 2019 Q1. Source: quarterly 13F filings via dataroma.com.

Positions, 2026 Q2

• LLY Eli Lilly & Co.: 6.9% of portfolio, USD 799,914,000, reduce -27.08%
• NVDA NVIDIA Corp.: 6.9% of portfolio, USD 796,047,000, reduce -3.07%
• MSFT Microsoft Corp.: 6.7% of portfolio, USD 782,824,000, reduce -26.26%
• GOOG Alphabet Inc. CL C: 6.6% of portfolio, USD 765,036,000, reduce -26.52%
• AVGO Broadcom Inc.: 6.4% of portfolio, USD 740,469,000, reduce -27.33%
• AMZN Amazon.com Inc.: 5.8% of portfolio, USD 669,724,000, reduce -27.89%
• V Visa Inc.: 5.3% of portfolio, USD 619,489,000, reduce -26.17%
• MA Mastercard Inc.: 5.1% of portfolio, USD 586,509,000, reduce -25.91%
• NOW ServiceNow Inc.: 4.6% of portfolio, USD 533,151,000, reduce -26.13%
• ORCL Oracle Corp.: 4.5% of portfolio, USD 523,808,000, reduce -28.86%
• SHOP Shopify Inc.: 4.5% of portfolio, USD 522,662,000, reduce -27.42%
• MSCI MSCI Inc.: 3.2% of portfolio, USD 376,233,000, reduce -27.73%
• LRCX Lam Research: 3.2% of portfolio, USD 372,246,000, reduce -18.54%
• SBUX Starbucks Corp.: 3.1% of portfolio, USD 362,854,000, reduce -29.76%
• IDXX IDEXX Laboratories: 2.4% of portfolio, USD 280,268,000, reduce -23.49%
• GE GE Aerospace: 2.2% of portfolio, USD 258,058,000, new
• CSGP CoStar Group Inc.: 2.1% of portfolio, USD 248,064,000, reduce -30.32%
• TSM Taiwan Semiconductor S.A.: 2.1% of portfolio, USD 239,363,000, add +186.92%
• ABNB Airbnb Inc.: 2.0% of portfolio, USD 236,098,000, reduce -27.44%
• GEV Ge Vernova Inc: 2.0% of portfolio, USD 230,991,000, new
• META Meta Platforms Inc.: 1.6% of portfolio, USD 185,645,000, reduce -30.86%
• ISRG Intuitive Surgical Inc.: 1.5% of portfolio, USD 178,139,000, reduce -26.18%
• ATI Allegheny Technologies Inc.: 1.4% of portfolio, USD 161,471,000, new
• HWM Howmet Aerospace Inc.: 1.1% of portfolio, USD 122,902,000, new
• EME Emcor Group: 0.7% of portfolio, USD 85,580,000, new
• IWF iShares Russell 1000 Growth ETF: 0.7% of portfolio, USD 76,196,000, reduce -62.29%
• ROL Rollins Inc.: 0.6% of portfolio, USD 66,404,000, reduce -26.94%
• AON Aon Plc: 0.5% of portfolio, USD 54,409,000, reduce -87.89%
• MELI Mercadolibre Inc.: 0.4% of portfolio, USD 44,006,000, reduce -24.75%
• UBER Uber Technologies Inc.: 0.4% of portfolio, USD 41,136,000, reduce -80.46%
• SPOT Spotify Technology S.A.: 0.3% of portfolio, USD 37,455,000, reduce -24.06%
• ASML ASML Holding NV: 0.3% of portfolio, USD 30,692,000, reduce -4.01%
• ZTS Zoetis Inc.: 0.2% of portfolio, USD 23,025,000, reduce -92.41%
• ACN Accenture: 0.2% of portfolio, USD 19,014,000, reduce -88.72%
• ACWI iShares MSCI ACWI ETF: 0.2% of portfolio, USD 18,921,000, reduce -60.66%
• SNPS Synopsys Inc.: 0.2% of portfolio, USD 18,408,000, reduce -93.85%
• DOCN DigitalOcean Holdings Inc.: 0.1% of portfolio, USD 15,915,000, add +5.35%
• WULF Terawulf Inc: 0.1% of portfolio, USD 13,910,000, add +429.39%
• CECO CECO Environmental Corp.: 0.1% of portfolio, USD 12,520,000, reduce -3.67%
• BE Bloom Energy Corp.: 0.1% of portfolio, USD 12,362,000, reduce -39.26%
• BELFB Bel Fuse Inc. CL B: 0.1% of portfolio, USD 10,939,000, reduce -24.21%
• NU Nu Holdings Ltd: 0.1% of portfolio, USD 10,057,000, reduce -38.16%
• GOOGL Alphabet Inc.: 0.1% of portfolio, USD 9,939,000, reduce -1.37%
• LASR nLight Inc.: 0.1% of portfolio, USD 9,291,000, add +48.62%
• FROG JFrog Ltd: 0.1% of portfolio, USD 8,462,000, add +360.06%
• POWL Powell Industries: 0.1% of portfolio, USD 8,356,000, reduce -44.37%
• AGX Argan Inc.: 0.1% of portfolio, USD 8,156,000, reduce -43.2%
• MOD Modine Mfg.: 0.1% of portfolio, USD 7,833,000, add +1.01%
• YOU Clear Secure Inc.: 0.1% of portfolio, USD 7,344,000, reduce -9.68%
• BKD Brookdale Senior Living Inc.: 0.1% of portfolio, USD 7,258,000, add +7.3%
• BWXT BWX Technologies Inc.: 0.1% of portfolio, USD 7,197,000, reduce -3.01%
• CCJ Cameco Corp.: 0.1% of portfolio, USD 7,026,000, add +241.26%
• VSEC VSE Corp.: 0.1% of portfolio, USD 6,821,000, reduce -28.99%
• SPHR Sphere Entertainment Co.: 0.1% of portfolio, USD 6,667,000, reduce -20.22%
• SEI Solaris Energy Infrastructure Inc.: 0.1% of portfolio, USD 6,463,000, reduce -4%
• AMPX Amprius Technologies Inc: 0.1% of portfolio, USD 6,453,000, add +10.29%
• AEHR Aehr Test Systems: 0.1% of portfolio, USD 6,355,000, reduce -16.67%
• VUG Vanguard Growth ETF: 0.1% of portfolio, USD 6,305,000, reduce -23.89%
• DLO DLocal Ltd: 0.1% of portfolio, USD 5,927,000, reduce -0.61%
• REAL RealReal Inc.: 0.1% of portfolio, USD 5,854,000, add +123.81%
• TWST Twist Bioscience Corp.: 0.1% of portfolio, USD 5,690,000, add +130.1%
• VICR Vicor Corp.: 0.1% of portfolio, USD 5,668,000, add +7.37%
• IESC IES Holdings Inc.: 0.1% of portfolio, USD 5,345,000, reduce -39.14%
• GH Guardant Health Inc.: <0.1% of portfolio, USD 5,157,000, reduce -1.02%
• LPTH LightPath Technologies Inc. CL A: <0.1% of portfolio, USD 5,142,000, add +297.79%
• PL Planet Labs PBC: <0.1% of portfolio, USD 4,943,000, reduce -30.25%
• VPG Vishay Precision Group: <0.1% of portfolio, USD 4,909,000, add +34.95%
• NFLX Netflix Inc.: <0.1% of portfolio, USD 4,865,000, reduce -18.19%
• RXT Rackspace Technology Inc.: <0.1% of portfolio, USD 4,631,000, new
• FTK Flotek Industries Inc.: <0.1% of portfolio, USD 4,598,000, add +607.27%
• SAP SAP SE: <0.1% of portfolio, USD 4,434,000, reduce -56.85%
• CRS Carpenter Technology: <0.1% of portfolio, USD 4,167,000, reduce -45.65%
• SITM SiTime Corp.: <0.1% of portfolio, USD 4,142,000, reduce -21.77%
• BFLY Butterfly Network Inc: <0.1% of portfolio, USD 4,046,000, add +18.27%
• AXTI AXT Inc.: <0.1% of portfolio, USD 3,799,000, add +6.76%
• TSLA Tesla Inc.: <0.1% of portfolio, USD 3,774,000, add +21.8%
• APLD Applied Digital Corp: <0.1% of portfolio, USD 3,668,000, new
• VECO Veeco Instruments: <0.1% of portfolio, USD 3,662,000, add +301.68%
• BW Babcock & Wilcox Enterprises: <0.1% of portfolio, USD 3,517,000, reduce -8.13%
• AZN AstraZeneca PLC: <0.1% of portfolio, USD 3,514,000, reduce -28.51%
• TME Tencent Music Entertainment Grp: <0.1% of portfolio, USD 3,400,000, reduce -0.75%
• AIR AAR Corp.: <0.1% of portfolio, USD 3,368,000, add +45.37%
• WTW Willis Towers Watson plc: <0.1% of portfolio, USD 3,354,000, reduce -33.77%
• TSHA Taysha Gene Therapies Inc: <0.1% of portfolio, USD 3,332,000, add +53%
• LIND Lindblad Expeditions Hldgs Inc.: <0.1% of portfolio, USD 3,245,000, add +12.52%
• ATRO Astronics Corp.: <0.1% of portfolio, USD 3,200,000, reduce -7.15%
• LFUS Littelfuse Inc.: <0.1% of portfolio, USD 3,195,000, add +41.48%
• ASTE Astec Industries: <0.1% of portfolio, USD 3,192,000, add +26.69%
• LTH Life Time Group Holdings Inc: <0.1% of portfolio, USD 3,133,000, add +89.48%
• EVC Entravision Communications Corp. CL A: <0.1% of portfolio, USD 3,090,000, new
• TIGO Millicom Intl Cellular S.a.: <0.1% of portfolio, USD 3,050,000, reduce -6.91%
• SPY SPDR S&P 500 ETF Trust: <0.1% of portfolio, USD 3,001,000, add +6.95%
• JOBY Joby Aviation Inc.: <0.1% of portfolio, USD 2,963,000, add +12.69%
• CPA Copa Holdings SA: <0.1% of portfolio, USD 2,948,000, new
• CDNL Cardinal Infrastructure Gr A: <0.1% of portfolio, USD 2,900,000, new
• SRRK Scholar Rock Holding Corp.: <0.1% of portfolio, USD 2,867,000, add +0.35%
• AAOI Applied Optoelectronics Inc: <0.1% of portfolio, USD 2,855,000, add +29.23%
• PRLB Proto Labs Inc.: <0.1% of portfolio, USD 2,854,000, reduce -6.87%
• OPY Oppenheimer Holdings Inc. CL A: <0.1% of portfolio, USD 2,832,000, reduce -0.45%
• PLPC Preformed Line Products: <0.1% of portfolio, USD 2,823,000, reduce -6.35%
• FPS Forgent Power Solutions Inc: <0.1% of portfolio, USD 2,811,000, new
• DRTS Alpha Tau Medical Ltd: <0.1% of portfolio, USD 2,777,000, new
• PTGX Protagonist Therapeutics Inc.: <0.1% of portfolio, USD 2,777,000, reduce -6.93%
• CALY Callaway Golf Co.: <0.1% of portfolio, USD 2,744,000, add +107.31%
• AZZ AZZ Inc.: <0.1% of portfolio, USD 2,692,000, add +20.27%
• PURR Hyperliquid Strategies: <0.1% of portfolio, USD 2,678,000, add +448.82%
• CAKE Cheesecake Factory: <0.1% of portfolio, USD 2,648,000, add +34.14%
• ROAD Construction Partners Inc. CL A: <0.1% of portfolio, USD 2,648,000, reduce -15.34%
• WT WisdomTree Investments: <0.1% of portfolio, USD 2,525,000, add +36.74%
• FIVN Five9 Inc.: <0.1% of portfolio, USD 2,500,000, new
• CVNA Carvana Co.: <0.1% of portfolio, USD 2,469,000, add +2.08%
• MIRM Mirum Pharmaceuticals Inc.: <0.1% of portfolio, USD 2,447,000, add +1.79%
• PRAX Praxis Precision Medicines Inc.: <0.1% of portfolio, USD 2,428,000, reduce -27.79%
• KN Knowles Corp.: <0.1% of portfolio, USD 2,426,000, new
• VCTR Victory Capital Holdings: <0.1% of portfolio, USD 2,372,000, reduce -29.21%
• MEC Mayville Engineering Co. Inc.: <0.1% of portfolio, USD 2,316,000, new
• RKLB Rocket Lab Corp.: <0.1% of portfolio, USD 2,313,000, reduce -3.41%
• SE Sea Ltd: <0.1% of portfolio, USD 2,215,000, reduce -29.67%
• ADPT Adaptive Biotechnologies Corp.: <0.1% of portfolio, USD 2,198,000, reduce -11.71%
• NOVT Novanta Inc.: <0.1% of portfolio, USD 2,169,000, new
• SMTC Semtech Corp.: <0.1% of portfolio, USD 2,161,000, add +103.77%
• PENG Penguin Solutions Inc.: <0.1% of portfolio, USD 2,151,000, new
• ACWX iShares MSCI ACWI EX U.S. ETF: <0.1% of portfolio, USD 2,112,000, add +8.1%
• ONON On Holding AG: <0.1% of portfolio, USD 2,081,000, reduce -33.29%
• AKTS Aktis Oncology Inc: <0.1% of portfolio, USD 2,047,000, new
• BLLN Billiontoone Inc Cl A: <0.1% of portfolio, USD 2,037,000, new
• PTCT PTC Therapeutics Inc.: <0.1% of portfolio, USD 2,032,000, new
• OUT Outfront Media Inc.: <0.1% of portfolio, USD 1,977,000, add +17.39%
• GHM Graham Corp.: <0.1% of portfolio, USD 1,962,000, reduce -11.01%
• TVTX Travere Therapeutics Inc.: <0.1% of portfolio, USD 1,949,000, new
• ESTA Establishment Labs Hldg Inc.: <0.1% of portfolio, USD 1,934,000, reduce -7.33%
• WOLF Wolfspeed Inc.: <0.1% of portfolio, USD 1,844,000, new
• MAMA Mama's Creations Inc: <0.1% of portfolio, USD 1,794,000, add +53.65%
• ADEA Adeia Inc: <0.1% of portfolio, USD 1,731,000, new
• ERO Ero Copper Corp: <0.1% of portfolio, USD 1,675,000, reduce -10.76%
• RHLD Resolute Holdings Manag: <0.1% of portfolio, USD 1,657,000, reduce -16.13%
• ETON Eton Pharmaceuticals Inc.: <0.1% of portfolio, USD 1,643,000, add +50.57%
• CW Curtiss-Wright Corp.: <0.1% of portfolio, USD 1,580,000, add +74.92%
• RNG RingCentral Inc.: <0.1% of portfolio, USD 1,564,000, new
• ADBE Adobe Inc.: <0.1% of portfolio, USD 1,554,000, reduce -36.12%
• FTI TechnipFMC plc: <0.1% of portfolio, USD 1,469,000, reduce -35.37%
• ZGN Ermenegildo Zegna Nv: <0.1% of portfolio, USD 1,449,000, new
• CVLG Covenant Transportation Group Inc. CL A: <0.1% of portfolio, USD 1,411,000, new
• KOD Kodiak Sciences Inc.: <0.1% of portfolio, USD 1,382,000, reduce -14.23%
• AIRJ Airjoule Technologies Corp: <0.1% of portfolio, USD 1,348,000, new
• VELO Velo3d Inc: <0.1% of portfolio, USD 1,306,000, add +21.14%
• KAR KAR Auction Services: <0.1% of portfolio, USD 1,277,000, reduce -7.17%
• BTDR Bitdeer Technologies Group A: <0.1% of portfolio, USD 1,262,000, new
• GRBK Green Brick Partners: <0.1% of portfolio, USD 1,220,000, add +15.61%
• VT Vanguard Tot World Stk ETF: <0.1% of portfolio, USD 1,212,000, add +16.95%
• SOFI SoFi Technologies Inc.: <0.1% of portfolio, USD 1,176,000, reduce -36.51%
• FN Fabrinet: <0.1% of portfolio, USD 1,173,000, add +8.13%
• TWLO Twilio Inc.: <0.1% of portfolio, USD 1,150,000, add +105.76%
• SPCX Space Exploration Technologies Corp.: <0.1% of portfolio, USD 1,146,000, new
• NESR National Energy Services Reunited Corp.: <0.1% of portfolio, USD 1,145,000, new
• PRSU Pursuit Attractions and Hospitality: <0.1% of portfolio, USD 1,119,000, new
• IBN ICICI Bank Ltd.: <0.1% of portfolio, USD 1,107,000, reduce -67.71%
• OSCR Oscar Health Inc.: <0.1% of portfolio, USD 1,104,000, new
• AXSM Axsome Therapeutics Inc.: <0.1% of portfolio, USD 1,094,000, add +111.15%
• URGN Urogen Pharma Ltd: <0.1% of portfolio, USD 1,090,000, new
• CATH Global X S&P 500 Catholic Values ETF: <0.1% of portfolio, USD 1,050,000, reduce -37.11%
• VOO Vanguard S&P 500 ETF: <0.1% of portfolio, USD 1,043,000, new
• RXO Rxo Inc: <0.1% of portfolio, USD 1,032,000, new
• WYFI Whitefiber Inc: <0.1% of portfolio, USD 1,021,000, new
• WSC WillScot Mobile Mini Hldgs Corp.: <0.1% of portfolio, USD 988,000, new
• ADTN ADTRAN Holdings Inc.: <0.1% of portfolio, USD 977,000, reduce -7.13%
• EMBJ Embraer SA: <0.1% of portfolio, USD 938,000, add +60.88%
• ASPI Asp Isotopes Inc: <0.1% of portfolio, USD 930,000, add +21.62%
• DNTH Dianthus Therapeutics Inc: <0.1% of portfolio, USD 910,000, add +126.58%
• CYD China Yuchai Intl Ltd.: <0.1% of portfolio, USD 908,000, new
• AAPL Apple Inc.: <0.1% of portfolio, USD 837,000, reduce -28.63%
• CCXI Churchill Capital Corp Cl A: <0.1% of portfolio, USD 796,000, new
• LOCO El Pollo Loco Holdings Inc.: <0.1% of portfolio, USD 787,000, add +253.48%
• MTSI MACOM Technology Solutions Hldg: <0.1% of portfolio, USD 779,000, add +92.66%
• APEI American Public Education Inc.: <0.1% of portfolio, USD 750,000, reduce -1.07%
• AFRM Affirm Holdings Inc.: <0.1% of portfolio, USD 731,000, add +88.07%
• UAL United Airlines Holdings Inc.: <0.1% of portfolio, USD 718,000, new
• MITK Mitek Systems Inc.: <0.1% of portfolio, USD 715,000, add +34.26%
• XPO XPO Logistics: <0.1% of portfolio, USD 697,000, new
• GKOS Glaukos Corp.: <0.1% of portfolio, USD 673,000, new
• CAMT Camtek Ltd: <0.1% of portfolio, USD 671,000, new
• SN Sharkninja Inc: <0.1% of portfolio, USD 631,000, add +66.44%
• NXE Nexgen Energy Ltd: <0.1% of portfolio, USD 588,000, reduce -46.74%
• FORM FormFactor Inc.: 0.0% of portfolio, USD 574,000, new
• TLN Talen Energy Corp: 0.0% of portfolio, USD 566,000, add +115.98%
• AEIS Advanced Energy Industries: 0.0% of portfolio, USD 560,000, new
• VIST Vista Oil & Gas, S.A.B. de C.V.: 0.0% of portfolio, USD 540,961, add +163.94%
• ARWR Arrowhead Pharmaceuticals Inc.: 0.0% of portfolio, USD 539,000, new
• DSGX Descartes Systems Group: 0.0% of portfolio, USD 484,000, new
• EIKN Eikon Therapeutics Inc: 0.0% of portfolio, USD 466,000, new
• BEN Franklin Resources: 0.0% of portfolio, USD 458,000, new
• NTRA Natera Inc.: 0.0% of portfolio, USD 442,007, add +28.21%
• FTAI FTAI Aviation Ltd.: 0.0% of portfolio, USD 380,000, reduce -20.32%
• ALH Alliance Laundry Holdings In: 0.0% of portfolio, USD 330,000, new
• MLI Mueller Industries: 0.0% of portfolio, USD 317,975, add +86.78%
• BBIO BridgeBio Pharma Inc.: 0.0% of portfolio, USD 298,000, reduce -91.29%
• ABT Abbott Labs: 0.0% of portfolio, USD 286,000, reduce -79.07%
• FREL Fidelity Msci Rl Est Indx: 0.0% of portfolio, USD 254,000, new
• HZO MarineMax Inc.: 0.0% of portfolio, USD 247,000, new
• AMD Advanced Micro Devices: 0.0% of portfolio, USD 242,000, new
• ETSY Etsy Inc.: 0.0% of portfolio, USD 224,000, new
• AUR Aurora Innovation Inc.: 0.0% of portfolio, USD 222,000, new
• BLZE Backblaze Inc A: 0.0% of portfolio, USD 210,000, new
• BSX Boston Scientific: 0.0% of portfolio, USD 203,000, reduce -99.18%

Portfolio value, all published quarters

• 2019 Q1: USD 19,141,445,321
• 2019 Q2: USD 20,620,315,151
• 2019 Q3: USD 21,709,349,340
• 2019 Q4: USD 25,391,498,725
• 2020 Q1: USD 23,051,140,389
• 2020 Q2: USD 33,093,802,944
• 2020 Q3: USD 37,392,509,642
• 2020 Q4: USD 43,048,221,692
• 2021 Q1: USD 44,491,129,630
• 2021 Q2: USD 52,226,764,695
• 2021 Q3: USD 54,504,614,577
• 2021 Q4: USD 59,546,576,497
• 2022 Q1: USD 51,225,212,206
• 2022 Q2: USD 37,870,145,880
• 2022 Q3: USD 35,706,895,166
• 2022 Q4: USD 34,223,171,232
• 2023 Q1: USD 37,926,392,100
• 2023 Q2: USD 40,312,118,588
• 2023 Q3: USD 38,003,521,451
• 2023 Q4: USD 41,461,921,745
• 2024 Q1: USD 43,295,903,955
• 2024 Q2: USD 39,867,252,704
• 2024 Q3: USD 38,741,959,750
• 2024 Q4: USD 37,010,071,836
• 2025 Q1: USD 31,842,386,263
• 2025 Q2: USD 32,597,548,582
• 2025 Q3: USD 30,824,140,248
• 2025 Q4: USD 23,423,456,391
• 2026 Q1: USD 14,452,147,437
• 2026 Q2: USD 11,610,788,000