Polen Capital Management has significantly trimmed its position in Oracle Corp (ORCL), according to a recent quarterly disclosure. The filing, which reflects trades made between April 1 and June 30, 2026, shows a 28.86% reduction in their holdings, decreasing their share count from 5.02 million to 3.57 million. This sale had an estimated value of $212.50 million, lowering the investment's weight in their reported portfolio from 5.11% to 4.51%.
This disclosure offers a delayed look into the firm's portfolio adjustments. During the second quarter of 2026, there was public discussion around Oracle's heavy capital expenditures in AI infrastructure, which impacted its free cash flow. While Polen Capital has not publicly commented on this specific trade, their quarterly commentaries from that period indicate a portfolio strategy focused on companies benefiting from near-term AI infrastructure spending. As with all 13F filings, the reported trades reflect past activity and not necessarily the firm's current holdings.