In its recent quarterly disclosure, Polen Capital Management reported a significant reduction in its Mastercard (MA) holdings, selling nearly 400,000 shares. The -25.91% change lowered the firm's total position to 1.14 million shares, which were valued at approximately $586.5 million at the end of the second quarter. The same filing revealed that Polen also trimmed other major technology and payment-related holdings, including Microsoft, Alphabet, and Visa, by similar percentages.
This trade was disclosed in a 13F filing on August 4, 2026, which details the firm's portfolio as of June 30, 2026. The sale occurred during a quarter where Mastercard reported strong financial results, beating analyst expectations with a 14% year-over-year revenue increase to $9.3 billion and a 22% rise in diluted earnings per share. Despite the share sale, Mastercard remained a top ten holding for the investment manager, accounting for 5.05% of its $11.61 billion reported portfolio.