In a recent SEC disclosure, Polen Capital Management reported a 26.5% reduction in its stake in Alphabet Inc. (GOOG). The filing, which reflects trading activity from the quarter ending June 30, 2026, showed the firm sold approximately 780,000 shares. This transaction lowered its total holdings to 2.17 million shares, valued at $765 million at the end of the second quarter.
Despite the significant share reduction, Alphabet's weighting within Polen Capital's reported portfolio paradoxically increased from 5.85% to 6.59%. This suggests the holding remains a core position for the growth-oriented investor. The firm has not publicly commented on the specific rationale for trimming the position. These quarterly 13F filings disclose past portfolio changes and do not reflect current-day trading.