Published on 19 Apr 2024 on Insider Monkey via Yahoo Finance
Polen Capital, an investment management company, released its “Polen Focus Growth Strategy” first quarter 2024 investor letter. A copy of the same can be downloaded here. The US stock market started 2024 optimistically. In the first quarter, the fund returned 8.29% (gross) and 8.09% (net) compared to 11.41% for the Russell 1000 Growth Index and 10.56% for the S&P 500 Index. In addition, please check the fund’s top five holdings to know its best picks in 2024.
Polen Focus Growth Strategy featured stocks like ServiceNow, Inc. (NYSE:NOW) in the first quarter 2024 investor letter. Headquartered in Santa Clara, California, ServiceNow, Inc. (NYSE:NOW) is an enterprise cloud computing solutions provider. On April 18, 2024, ServiceNow, Inc. (NYSE:NOW) stock closed at $731.36 per share. One-month return of ServiceNow, Inc. (NYSE:NOW) was -7.21%, and its shares gained 51.78% of their value over the last 52 weeks. ServiceNow, Inc. (NYSE:NOW) has a market capitalization of $148.571 billion.