Overview
- Polen 5Perspectives Small‑Mid Growth returned −0.1% gross and −0.3% net in Q4 2025, trailing the Russell 2500 Growth Index’s 0.3% gain.
- The former U.S. SMID Cap Growth strategy was renamed Polen 5Perspectives Small Mid Growth to formalize a five‑viewpoint investment framework.
- Rocket Lab was a relative detractor because Polen initiated the position late after a near‑50% quarterly surge; the company reported $180 million in Q4 revenue, up 36% year over year.
- Nutanix shares fell after the company cut its 2026 revenue and earnings outlook due to customer migrations and supply/OEM uncertainty, though FQ2 2026 revenue later came in at $723 million, above guidance.
- In International Growth, Alibaba (not owned) was a top relative contributor as its shares declined about 19% with core e‑commerce profitability pressured by heavy investment to compete with Meituan.