In a recent SEC filing, Polen Capital Management disclosed a significant reduction in its holdings of Amazon.com, Inc. (AMZN), selling over 1 million shares. The trade reduced the firm's position by approximately 27.9%, leaving it with 2.81 million shares valued at nearly $670 million as of the end of the quarter.
This activity was revealed in a quarterly 13F filing, which discloses trades made during the second quarter ending June 30, 2026. Despite the large share sale, estimated to be valued at around $259 million, Amazon's weight in Polen Capital's reported portfolio slightly increased from 5.61% to 5.77%. This suggests strong stock performance relative to the firm's other holdings during the period. The sale came during a quarter where Amazon reported strong earnings, with revenue up 20% year-over-year.