Fri Mar 07 16:50:00 UTC 2025: ## Polen Capital’s Focus Growth Strategy Outperforms S&P 500 in Q4 2024, Highlights Netflix Success

**NEW YORK, March 6, 2025** – Polen Capital’s Focus Growth Strategy delivered a solid performance in the fourth quarter of 2024, outpacing the S&P 500 but trailing the Russell 1000 Growth Index. The strategy returned 4.65% net, compared to 2.41% for the S&P 500 and 7.07% for the Russell 1000 Growth Index.

The investment firm’s Q4 2024 investor letter highlighted several key holdings, with Netflix (NFLX) singled out as a top performer. Netflix’s strong subscriber growth, particularly in its mature North American market (10% year-over-year), and expansion into advertising-based video-on-demand, were cited as drivers of future earnings growth. At the time of the letter, Netflix shares closed at $990.92, a 62.84% increase over the past 52 weeks, although they experienced a slight one-month dip of -2.44%.

While acknowledging Netflix’s success, Polen Capital expressed greater confidence in the potential of Artificial Intelligence stocks, suggesting they offer higher returns in a shorter timeframe. The letter noted that, although 144 hedge funds held Netflix at the end of Q4 2024 (up from 121 in Q3), the firm’s investment focus remains on AI opportunities.

The full investor letter is available for download [link removed as it is not provided in the original text].

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