{
 "manager": "Polen Capital Management",
 "page": "https://www.moatshark.com/m/polen-capital-management",
 "form": "13F-HR",
 "period": "2026-06-30",
 "filed": "2026-08-04",
 "previous_period": "2026-03-31",
 "filing_url": "https://www.sec.gov/Archives/edgar/data/1034524/000117266126003035/0001172661-26-003035-index.htm",
 "total_value_usd": 11610786601,
 "note": "Source: SEC filings via moatshark. Values and changes are estimates; not investment advice.",
 "holdings": [
  {
   "company": "Eli Lilly & Co",
   "ticker": "LLY",
   "moatshark_slug": "lly",
   "sector": "Health care",
   "value_usd": 799914391,
   "shares": 666912,
   "portfolio_pct": 6.89,
   "previous_pct": 5.82,
   "change": "REDUCE",
   "share_change_pct": -27.1,
   "quarters_held": 12
  },
  {
   "company": "NVIDIA",
   "ticker": "NVDA",
   "moatshark_slug": "nvda",
   "sector": "Technology",
   "value_usd": 796047269,
   "shares": 3978446,
   "portfolio_pct": 6.86,
   "previous_pct": 4.95,
   "change": "REDUCE",
   "share_change_pct": -3.1,
   "quarters_held": 5
  },
  {
   "company": "Microsoft",
   "ticker": "MSFT",
   "moatshark_slug": "msft",
   "sector": "Technology",
   "value_usd": 782824321,
   "shares": 2098613,
   "portfolio_pct": 6.74,
   "previous_pct": 7.29,
   "change": "REDUCE",
   "share_change_pct": -26.3,
   "quarters_held": 36
  },
  {
   "company": "Alphabet",
   "ticker": "GOOG",
   "moatshark_slug": "goog",
   "sector": "Communication and media",
   "value_usd": 774974899,
   "shares": 2193028,
   "portfolio_pct": 6.67,
   "previous_pct": 5.9,
   "change": "REDUCE",
   "share_change_pct": -26.3,
   "quarters_held": 43
  },
  {
   "company": "Broadcom",
   "ticker": "AVGO",
   "moatshark_slug": "avgo",
   "sector": "Technology",
   "value_usd": 740468936,
   "shares": 1960209,
   "portfolio_pct": 6.38,
   "previous_pct": 5.78,
   "change": "REDUCE",
   "share_change_pct": -27.3,
   "quarters_held": 4
  },
  {
   "company": "Amazon.com",
   "ticker": "AMZN",
   "moatshark_slug": "amzn",
   "sector": "Consumer discretionary",
   "value_usd": 669724194,
   "shares": 2809953,
   "portfolio_pct": 5.77,
   "previous_pct": 5.61,
   "change": "REDUCE",
   "share_change_pct": -27.9,
   "quarters_held": 22
  },
  {
   "company": "Visa",
   "ticker": "V",
   "moatshark_slug": "v",
   "sector": "Financials",
   "value_usd": 619489263,
   "shares": 1805617,
   "portfolio_pct": 5.34,
   "previous_pct": 5.11,
   "change": "REDUCE",
   "share_change_pct": -26.2,
   "quarters_held": 53
  },
  {
   "company": "Mastercard",
   "ticker": "MA",
   "moatshark_slug": "ma",
   "sector": "Financials",
   "value_usd": 586509275,
   "shares": 1141958,
   "portfolio_pct": 5.05,
   "previous_pct": 5.33,
   "change": "REDUCE",
   "share_change_pct": -25.9,
   "quarters_held": 53
  },
  {
   "company": "ServiceNow",
   "ticker": "NOW",
   "moatshark_slug": "now",
   "sector": "Technology",
   "value_usd": 533150641,
   "shares": 5370172,
   "portfolio_pct": 4.59,
   "previous_pct": 5.26,
   "change": "REDUCE",
   "share_change_pct": -26.1,
   "quarters_held": 27
  },
  {
   "company": "Oracle",
   "ticker": "ORCL",
   "moatshark_slug": "orcl",
   "sector": "Technology",
   "value_usd": 523807723,
   "shares": 3574259,
   "portfolio_pct": 4.51,
   "previous_pct": 5.11,
   "change": "REDUCE",
   "share_change_pct": -28.9,
   "quarters_held": 8
  },
  {
   "company": "Shopify",
   "ticker": "SHOP",
   "moatshark_slug": "shop",
   "sector": "Technology",
   "value_usd": 522661619,
   "shares": 4577524,
   "portfolio_pct": 4.5,
   "previous_pct": 5.17,
   "change": "REDUCE",
   "share_change_pct": -27.4,
   "quarters_held": 21
  },
  {
   "company": "MSCI",
   "ticker": "MSCI",
   "moatshark_slug": "msci",
   "sector": "Financials",
   "value_usd": 376233195,
   "shares": 671797,
   "portfolio_pct": 3.24,
   "previous_pct": 3.47,
   "change": "REDUCE",
   "share_change_pct": -27.7,
   "quarters_held": 12
  },
  {
   "company": "Lam Research",
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   "moatshark_slug": "lrcx",
   "sector": "Industrials",
   "value_usd": 372246307,
   "shares": 859036,
   "portfolio_pct": 3.21,
   "previous_pct": 1.56,
   "change": "REDUCE",
   "share_change_pct": -18.5,
   "quarters_held": 2
  },
  {
   "company": "Starbucks",
   "ticker": "SBUX",
   "moatshark_slug": "sbux",
   "sector": "Consumer discretionary",
   "value_usd": 362853519,
   "shares": 3550773,
   "portfolio_pct": 3.13,
   "previous_pct": 3.13,
   "change": "REDUCE",
   "share_change_pct": -29.8,
   "quarters_held": 6
  },
  {
   "company": "IDEXX Laboratories",
   "ticker": "IDXX",
   "moatshark_slug": "idxx",
   "sector": "Health care",
   "value_usd": 280268269,
   "shares": 532384,
   "portfolio_pct": 2.41,
   "previous_pct": 2.7,
   "change": "REDUCE",
   "share_change_pct": -23.5,
   "quarters_held": 5
  },
  {
   "company": "GE Aerospace",
   "ticker": "GE",
   "moatshark_slug": "ge",
   "sector": "Industrials",
   "value_usd": 258058054,
   "shares": 690493,
   "portfolio_pct": 2.22,
   "previous_pct": null,
   "change": "NEW",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "company": "CoStar Group",
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   "moatshark_slug": "csgp",
   "sector": "Real estate",
   "value_usd": 248063762,
   "shares": 8759314,
   "portfolio_pct": 2.14,
   "previous_pct": 3.51,
   "change": "REDUCE",
   "share_change_pct": -30.3,
   "quarters_held": 7
  },
  {
   "company": "Taiwan Semiconductor Manufacturing",
   "ticker": "TSM",
   "moatshark_slug": "tsm",
   "sector": "Technology",
   "value_usd": 239363015,
   "shares": 501210,
   "portfolio_pct": 2.06,
   "previous_pct": 0.41,
   "change": "ADD",
   "share_change_pct": 186.9,
   "quarters_held": 4
  },
  {
   "company": "Airbnb",
   "ticker": "ABNB",
   "moatshark_slug": "abnb",
   "sector": "Consumer discretionary",
   "value_usd": 236098385,
   "shares": 1649884,
   "portfolio_pct": 2.03,
   "previous_pct": 1.99,
   "change": "REDUCE",
   "share_change_pct": -27.4,
   "quarters_held": 20
  },
  {
   "company": "Ge Vernova",
   "ticker": "GEV",
   "moatshark_slug": "gev",
   "sector": "Industrials",
   "value_usd": 230991228,
   "shares": 196612,
   "portfolio_pct": 1.99,
   "previous_pct": null,
   "change": "NEW",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "company": "Meta Platforms",
   "ticker": "META",
   "moatshark_slug": "meta",
   "sector": "Communication and media",
   "value_usd": 185645377,
   "shares": 329573,
   "portfolio_pct": 1.6,
   "previous_pct": 1.89,
   "change": "REDUCE",
   "share_change_pct": -30.9,
   "quarters_held": 2
  },
  {
   "company": "Intuitive Surgical",
   "ticker": "ISRG",
   "moatshark_slug": "isrg",
   "sector": "Health care",
   "value_usd": 178138555,
   "shares": 447944,
   "portfolio_pct": 1.53,
   "previous_pct": 1.94,
   "change": "REDUCE",
   "share_change_pct": -26.2,
   "quarters_held": 3
  },
  {
   "company": "ATI",
   "ticker": "ATI",
   "moatshark_slug": "ati",
   "sector": "Materials",
   "value_usd": 161471378,
   "shares": 819236,
   "portfolio_pct": 1.39,
   "previous_pct": null,
   "change": "NEW",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "company": "Howmet Aerospace",
   "ticker": "HWM",
   "moatshark_slug": "hwm",
   "sector": "Materials",
   "value_usd": 122902480,
   "shares": 457124,
   "portfolio_pct": 1.06,
   "previous_pct": null,
   "change": "NEW",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "company": "EMCOR Group",
   "ticker": "EME",
   "moatshark_slug": "eme",
   "sector": "Industrials",
   "value_usd": 85580055,
   "shares": 103123,
   "portfolio_pct": 0.74,
   "previous_pct": null,
   "change": "NEW",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "company": "Ishares Tr",
   "ticker": "EFA",
   "moatshark_slug": "efa",
   "sector": null,
   "value_usd": 76552854,
   "shares": 616255,
   "portfolio_pct": 0.66,
   "previous_pct": 1.2,
   "change": "ADD",
   "share_change_pct": 51.5,
   "quarters_held": 51
  },
  {
   "company": "Rollins",
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   "moatshark_slug": "rol",
   "sector": "Industrials",
   "value_usd": 66404276,
   "shares": 1590903,
   "portfolio_pct": 0.57,
   "previous_pct": 0.8,
   "change": "REDUCE",
   "share_change_pct": -26.9,
   "quarters_held": 2
  },
  {
   "company": "Aon",
   "ticker": "AON",
   "moatshark_slug": "aon",
   "sector": "Insurance",
   "value_usd": 54408954,
   "shares": 164035,
   "portfolio_pct": 0.47,
   "previous_pct": 3.02,
   "change": "REDUCE",
   "share_change_pct": -87.9,
   "quarters_held": 24
  },
  {
   "company": "MercadoLibre",
   "ticker": "MELI",
   "moatshark_slug": "meli",
   "sector": "Consumer discretionary",
   "value_usd": 44005802,
   "shares": 25926,
   "portfolio_pct": 0.38,
   "previous_pct": 0.41,
   "change": "REDUCE",
   "share_change_pct": -24.7,
   "quarters_held": 21
  },
  {
   "company": "Uber Technologies",
   "ticker": "UBER",
   "moatshark_slug": "uber",
   "sector": "Industrials",
   "value_usd": 41135737,
   "shares": 570063,
   "portfolio_pct": 0.35,
   "previous_pct": 1.45,
   "change": "REDUCE",
   "share_change_pct": -80.5,
   "quarters_held": 5
  },
  {
   "company": "Spotify Technology",
   "ticker": "SPOT",
   "moatshark_slug": "spot",
   "sector": "Communication and media",
   "value_usd": 37455057,
   "shares": 81578,
   "portfolio_pct": 0.32,
   "previous_pct": 0.36,
   "change": "REDUCE",
   "share_change_pct": -24.1,
   "quarters_held": 7
  },
  {
   "company": "ASML Holding",
   "ticker": "ASML",
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   "sector": "Industrials",
   "value_usd": 30691889,
   "shares": 15427,
   "portfolio_pct": 0.26,
   "previous_pct": 0.15,
   "change": "REDUCE",
   "share_change_pct": -4,
   "quarters_held": 21
  },
  {
   "company": "Zoetis",
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   "moatshark_slug": "zts",
   "sector": "Health care",
   "value_usd": 23025346,
   "shares": 320420,
   "portfolio_pct": 0.2,
   "previous_pct": 3.45,
   "change": "REDUCE",
   "share_change_pct": -92.4,
   "quarters_held": 35
  },
  {
   "company": "Ishares Tr",
   "ticker": "ACWI",
   "moatshark_slug": "acwi",
   "sector": null,
   "value_usd": 21033647,
   "shares": 148295,
   "portfolio_pct": 0.18,
   "previous_pct": 0.31,
   "change": "REDUCE",
   "share_change_pct": -55.3,
   "quarters_held": 21
  },
  {
   "company": "Accenture",
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   "moatshark_slug": "acn",
   "sector": "Technology",
   "value_usd": 19014387,
   "shares": 152800,
   "portfolio_pct": 0.16,
   "previous_pct": 1.86,
   "change": "REDUCE",
   "share_change_pct": -88.7,
   "quarters_held": 53
  },
  {
   "company": "Synopsys",
   "ticker": "SNPS",
   "moatshark_slug": "snps",
   "sector": "Technology",
   "value_usd": 18408166,
   "shares": 41267,
   "portfolio_pct": 0.16,
   "previous_pct": 1.84,
   "change": "REDUCE",
   "share_change_pct": -93.9,
   "quarters_held": 4
  },
  {
   "company": "Digitalocean Holdings",
   "ticker": "DOCN",
   "moatshark_slug": "docn",
   "sector": "Technology",
   "value_usd": 15914991,
   "shares": 101350,
   "portfolio_pct": 0.14,
   "previous_pct": 0.06,
   "change": "ADD",
   "share_change_pct": 5.3,
   "quarters_held": 2
  },
  {
   "company": "Terawulf",
   "ticker": "WULF",
   "moatshark_slug": "wulf",
   "sector": "Financials",
   "value_usd": 13909533,
   "shares": 563139,
   "portfolio_pct": 0.12,
   "previous_pct": 0.01,
   "change": "ADD",
   "share_change_pct": 429.4,
   "quarters_held": 2
  },
  {
   "company": "Ceco Environmental",
   "ticker": "CECO",
   "moatshark_slug": "ceco",
   "sector": "Industrials",
   "value_usd": 12520033,
   "shares": 137977,
   "portfolio_pct": 0.11,
   "previous_pct": 0.06,
   "change": "REDUCE",
   "share_change_pct": -3.7,
   "quarters_held": 5
  },
  {
   "company": "Bloom Energy",
   "ticker": "BE",
   "moatshark_slug": "be",
   "sector": "Industrials",
   "value_usd": 12361663,
   "shares": 40838,
   "portfolio_pct": 0.11,
   "previous_pct": 0.06,
   "change": "REDUCE",
   "share_change_pct": -39.3,
   "quarters_held": 5
  },
  {
   "company": "Bel Fuse",
   "ticker": "BELFB",
   "moatshark_slug": "belfb",
   "sector": "Technology",
   "value_usd": 10938699,
   "shares": 32845,
   "portfolio_pct": 0.09,
   "previous_pct": 0.06,
   "change": "REDUCE",
   "share_change_pct": -24.2,
   "quarters_held": 5
  },
  {
   "company": "NU Holdings Ltd/Cayman Islands",
   "ticker": "NU",
   "moatshark_slug": "nu",
   "sector": "Financials",
   "value_usd": 10056694,
   "shares": 752747,
   "portfolio_pct": 0.09,
   "previous_pct": 0.12,
   "change": "REDUCE",
   "share_change_pct": -38.2,
   "quarters_held": 7
  },
  {
   "company": "Nlight",
   "ticker": "LASR",
   "moatshark_slug": "lasr",
   "sector": "Technology",
   "value_usd": 9290650,
   "shares": 133448,
   "portfolio_pct": 0.08,
   "previous_pct": 0.04,
   "change": "ADD",
   "share_change_pct": 48.6,
   "quarters_held": 5
  },
  {
   "company": "Jfrog",
   "ticker": "FROG",
   "moatshark_slug": "frog",
   "sector": "Technology",
   "value_usd": 8462473,
   "shares": 93117,
   "portfolio_pct": 0.07,
   "previous_pct": 0.01,
   "change": "ADD",
   "share_change_pct": 360.1,
   "quarters_held": 3
  },
  {
   "company": "Powell Industries",
   "ticker": "POWL",
   "moatshark_slug": "powl",
   "sector": "Industrials",
   "value_usd": 8356271,
   "shares": 29181,
   "portfolio_pct": 0.07,
   "previous_pct": 0.07,
   "change": "REDUCE",
   "share_change_pct": -44.4,
   "quarters_held": 5
  },
  {
   "company": "Argan",
   "ticker": "AGX",
   "moatshark_slug": "agx",
   "sector": "Industrials",
   "value_usd": 8156390,
   "shares": 10214,
   "portfolio_pct": 0.07,
   "previous_pct": 0.07,
   "change": "REDUCE",
   "share_change_pct": -43.2,
   "quarters_held": 5
  },
  {
   "company": "Modine Manufacturing",
   "ticker": "MOD",
   "moatshark_slug": "mod",
   "sector": "Consumer discretionary",
   "value_usd": 7833032,
   "shares": 29335,
   "portfolio_pct": 0.07,
   "previous_pct": 0.04,
   "change": "ADD",
   "share_change_pct": 1,
   "quarters_held": 5
  },
  {
   "company": "Vanguard Index Fds",
   "ticker": "VOO",
   "moatshark_slug": "voo",
   "sector": null,
   "value_usd": 7348014,
   "shares": 74718,
   "portfolio_pct": 0.06,
   "previous_pct": 0.05,
   "change": "ADD",
   "share_change_pct": 366.1,
   "quarters_held": 8
  },
  {
   "company": "Clear Secure",
   "ticker": "YOU",
   "moatshark_slug": "you",
   "sector": "Technology",
   "value_usd": 7343709,
   "shares": 131773,
   "portfolio_pct": 0.06,
   "previous_pct": 0.05,
   "change": "REDUCE",
   "share_change_pct": -9.7,
   "quarters_held": 4
  },
  {
   "company": "Brookdale Senior Living",
   "ticker": "BKD",
   "moatshark_slug": "bkd",
   "sector": "Health care",
   "value_usd": 7257909,
   "shares": 451082,
   "portfolio_pct": 0.06,
   "previous_pct": 0.04,
   "change": "ADD",
   "share_change_pct": 7.3,
   "quarters_held": 5
  },
  {
   "company": "BWX Technologies",
   "ticker": "BWXT",
   "moatshark_slug": "bwxt",
   "sector": "Industrials",
   "value_usd": 7196989,
   "shares": 36974,
   "portfolio_pct": 0.06,
   "previous_pct": 0.05,
   "change": "REDUCE",
   "share_change_pct": -3,
   "quarters_held": 5
  },
  {
   "company": "Cameco",
   "ticker": "CCJ",
   "moatshark_slug": "ccj",
   "sector": "Materials",
   "value_usd": 7026488,
   "shares": 68968,
   "portfolio_pct": 0.06,
   "previous_pct": 0.02,
   "change": "ADD",
   "share_change_pct": 241.3,
   "quarters_held": 5
  },
  {
   "company": "Vse",
   "ticker": "VSEC",
   "moatshark_slug": "vsec",
   "sector": "Industrials",
   "value_usd": 6821411,
   "shares": 29853,
   "portfolio_pct": 0.06,
   "previous_pct": 0.05,
   "change": "REDUCE",
   "share_change_pct": -29,
   "quarters_held": 5
  },
  {
   "company": "Sphere Entertainment",
   "ticker": "SPHR",
   "moatshark_slug": "sphr",
   "sector": "Consumer discretionary",
   "value_usd": 6666673,
   "shares": 38529,
   "portfolio_pct": 0.06,
   "previous_pct": 0.04,
   "change": "REDUCE",
   "share_change_pct": -20.2,
   "quarters_held": 3
  },
  {
   "company": "Solaris Energy Infrastructure",
   "ticker": "SEI",
   "moatshark_slug": "sei",
   "sector": "Industrials",
   "value_usd": 6462869,
   "shares": 80324,
   "portfolio_pct": 0.06,
   "previous_pct": 0.03,
   "change": "REDUCE",
   "share_change_pct": -4,
   "quarters_held": 3
  },
  {
   "company": "Amprius Technologies",
   "ticker": "AMPX",
   "moatshark_slug": "ampx",
   "sector": "Industrials",
   "value_usd": 6453188,
   "shares": 465598,
   "portfolio_pct": 0.06,
   "previous_pct": 0.05,
   "change": "ADD",
   "share_change_pct": 10.3,
   "quarters_held": 4
  },
  {
   "company": "Aehr Test Systems",
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