Polen Capital Management reduced its position in Microsoft (MSFT) by 26.26% during the second quarter of 2026, selling an estimated $279 million worth of the software giant's stock. The sale lowered the firm's holding to 2.10 million shares, valued at approximately $783 million as of June 30. Despite the significant trim, Microsoft remained a top position, accounting for 6.74% of the reported portfolio.
This trade information comes from a quarterly 13F filing released on August 4, 2026, which discloses positions held as of June 30. In its Q2 commentary, Polen noted it was the firm's "most active quarter of portfolio changes in recent memory," as it redeployed capital toward companies with stronger business momentum while software and IT services lagged a rally in AI infrastructure stocks.