Here’s What Drove Shopify’s (SHOP) Strong Performance

Polen Capital, an investment management company, released its third-quarter 2025 “Polen International Growth Strategy” investor letter. A copy of the letter can be downloaded here. The strategy returned -4.23% gross and -4.53% net of fees in the quarter, compared to the MSCI ACWI’s (ex-USA) 6.89% gain. The strategy’s concentrated approach to quality investing failed to match the index in the quarter. In addition, you can check the fund’s top 5 holdings to find out its best picks for 2025. In its third-quar ...