Polen Capital, an investment management company, released its fourth-quarter investor letter for “Polen International Growth Strategy”. A copy of the letter can be downloaded here. In 2025, foreign equity markets reached their highest returns in more than a decade, whereas Polan International Growth had flat returns. This was not attributed to weakening business fundamentals among its holdings, but the market’s preference for cyclically sensitive businesses. The strategy seeks to invest in companies with enduring competitive strengths, high returns on invested capital, and consistent earnings. The Strategy returned -2.21% (gross) and -2.52% (net) in Q4 compared to 5.05% return for MSCI ACWI (ex-USA). For 2025, the Strategy returned 0.68% (gross) and -0.52% (net) compared to 32.39% return for the Index. In addition, please check the Strategy’s top five holdings to know its best picks in 2025.
In its fourth-quarter 2025 investor letter, Polen International Growth Strategy highlighted stocks like monday.com Ltd. (NASDAQ:MNDY). monday.com Ltd. (NASDAQ:MNDY) develops software applications and work management tools. On March 17, 2026, monday.com Ltd. (NASDAQ:MNDY) stock closed at $75.28 per share. One-month return of monday.com Ltd. (NASDAQ:MNDY) was -2.23%, and its shares lost 71.34% over the past 52 weeks. monday.com Ltd. (NASDAQ:MNDY) has a market capitalization of $3.881 billion.
Polen International Growth Strategy stated the following regarding monday.com Ltd. (NASDAQ:MNDY) in its fourth quarter 2025 investor letter:
“The Portfolio’s top relative and absolute detractors were monday.com Ltd. (NASDAQ:MNDY), MercadoLibre, and SAP. Despite reporting strong results and beating expectations on the top and bottom line, Monday.com sold off on concerns that 4Q guidance implied a near-term growth slowdown. Stepping back, we continue to see revenue growth sustaining at over 20% as Monday steadily pushes up-market from SMB to enterprise customers, expands its platform reach, and makes progress on long-term vast market opportunities relative to its current size. We believe the platform could continue scaling and reach a revenue run rate of 4x today’s level within the next decade.”
monday.com Ltd. (NASDAQ:MNDY) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 51 hedge fund portfolios held monday.com Ltd. (NASDAQ:MNDY) at the end of the fourth quarter, up from 55 in the previous quarter. While we acknowledge the risk and potential of monday.com Ltd. (NASDAQ:MNDY) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than monday.com Ltd. (NASDAQ:MNDY) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered monday.com Ltd. (NASDAQ:MNDY) and shared a list of best buy-the-dip stocks to buy according to Wall Street analysts. In addition, please check out our hedge fund investor letters Q4 2025 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
