Thought Capital

Fireside Chat with Focus Growth’s Dan Davidowitz

Quarter-end update discussing factors that impacted the Focus Growth Portfolio & what long-term opportunities may lie ahead

Dan Davidowitz, CFA, Stephen Atkins, CFA

In this webinar, Polen Focus Growth Portfolio Manager Dan Davidowitz covers the factors that impacted the Focus Growth Portfolio in the first quarter. He shares thoughts on top portfolio contributors and detractors, geopolitical issues, and why the team is optimistic. 

Read the full Focus Growth Commentary 

Webinar Chapters

  • 0:50 – Portfolio Performance Update
  • 4:00 – Macro Environment and Impact on Portfolio Construction
  • 6:20 – Consumer Discretionary Spending and Sector Analysis
  • 10:50 – Contributors and Detractors: Amazon and Adobe
  • 17:28 – NVIDIA and Outlook for Generative AI Market
  • 26:10 – Healthcare: Zoetis, ThermoFisher, and Abbott
  • 29:07 – Portfolio Addition: PayCom
  • 36:37 – Exited Position: PayPal
  • 42:35 – Current Market Valuations 
  • 45:48 – Portfolio Earnings Growth 

Big enterprise customers buy a huge amount of GPU capacity. They hope to fill up that capacity with customer demand, and they buy more as it starts to get filled. Right now, there's a tremendous amount of capacity being built, but we don't know exactly what the demand is going to look like.

Dan_Davidowitz
Dan Davidowitz, CFA
Focus Growth Portfolio Manager

Important Disclosures

This is being provided for informational purposes only. Opinions and views expressed constitute the judgment of Polen Capital as of April 2024 may involve a number of assumptions and estimates which are not guaranteed, and are subject to change without notice. Although the information and any opinions or views given have been obtained from or based on sources believed to be reliable, no warranty or representation is made as to their correctness, completeness, or accuracy. Opinions, estimates, forecasts, and statements of financial market trends that are based on current market conditions constitute our judgment and are subject to change without notice, including any forward-looking estimates or statements which are based on certain expectations and assumptions. The views and strategies described may not be suitable for all clients. References to specific securities, asset classes and financial markets are for illustrative purposes only and are not intended to be, and should not be interpreted as, recommendations. This document does not identify all the risks (direct or indirect) or other considerations which might be material when entering any financial transaction.

Past performance is not indicative of future results and profitable results cannot be guaranteed. This information should not be construed as a recommendation to purchase, hold, or sell any particular security. Specific securities described may or may not be held in portfolios managed by Polen Capital. There is no assurance that any securities discussed herein will be in the portfolio at the time you review this video or that any securities sold have not been repurchased. The securities discussed do not necessarily represent the entire portfolio. It should not be assumed that any of the securities, transactions or holdings discussed were or will prove to be profitable or that any investment recommendations we make in the future will equal the investment performance of the securities discussed herein. For a complete list of Polen Capital’s past specific recommendations for the last year, please contact [email protected]