For the quarter, the Polen Focus Growth Composite Portfolio declined 17.27% (net of fees), while the Index declined 9.78% and the S&P 500 declined 4.33%.
Concerns about AI disruption fears reached a fever pitch this quarter and in late February the US and Israel launched Operation Epic Fury in Iran and other nations in the Middle East.
As earnings reports for the Portfolio's holdings across these industries have come in during the quarter, they have generally delivered strong operational performance.
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Summary
The first quarter of 2026 was a highly volatile one for US equities. Concerns about AI disruption fears reached a fever pitch this quarter and in late February the US and Israel launched Operation
