In a recent 13F filing, Polen Capital Management disclosed a significant reduction in its position in e-commerce giant Shopify (SHOP). The firm sold over 1.7 million shares, trimming its holding by 27.4% to approximately 4.58 million shares. The reported market value of Polen Capital's remaining stake was about $522.7 million at the end of the quarter.
Investors should note that 13F filings are submitted to the SEC up to 45 days after a quarter ends, meaning this decision was made sometime during the second quarter of 2026. During that period, Shopify reported strong financial results that beat analyst expectations, with revenue surging 34% year-over-year to $3.58 billion. The company's stock jumped significantly after the early August earnings announcement.