Here’s Why Polen Capital Sold its ETSY Stake

Polen Capital, an investment management firm, published its “Polen U.S. Small Company Growth” fourth quarter 2021 investor letter – a copy of which can be downloaded here. For the fourth quarter, the Polen U.S. Small Company Growth Composite Portfolio (the “Portfolio”) returned 1.59% gross and 1.34% net of fees, outperforming the 0.01% return for the Russell 2000 Growth Index (the “Index”). The Portfolio also produced solid results over the full year, on both an absolute basis...