Polen Global Growth adds META, ASML; exits ABT, ADBE among Q1 moves

Polen Global Growth’s composite portfolio significantly underperformed in Q1, plunging 15.7% net of fees versus a 3.2% decline for the MSCI ACWI, highlighting pronounced stock-specific and portfolio-construction headwinds. The article flags Meta Platforms (META.OQ) amid the coverage — the stock was shown trading down about 9% at $608.88 with a $1.70T market cap — and lists related internet names. The gap between the fund and the benchmark underscores elevated active risk and raises questions about positioning in big-cap tech exposure; investors may reassess allocations after a steeper drawdown than the broader market.