Polen Capital is a global independently-owned growth equity boutique, led by an experienced team of investment professionals who are committed to preserving and growing the assets of our clients through a prudent and disciplined long-term investment approach.
Includes detailed analysis of Polen Capital's positions in Align Technology, Facebook and Nvidia.
During the fourth quarter of 2018, the Polen Focus Growth Composite returned -12.59%. The Russell 1000 Growth and the S&P 500 returned -15.89% and -13.52%, respectively. For the full year 2018, the Portfolio returned +8.98%, while the returns for the Russell 1000 Growth and S&P 500 were negative at -1.51% and -4.39%, respectively.
The Consumer Staples, Real Estate and Utilities sectors held up best in the quarter, while the Energy, Technology and Communications Services sectors declined the most in the quarter. Our Portfolio outperformed mostly due to stock selection for the quarter and full year, which is typical.
Our low debt, high return on equity Portfolio provided downside protection during the fourth quarter and a strong positive return for the year. This aligns well with our firm’s mission to preserve and grow client assets to protect their present and enable their future.