From Yahoo Finance: 2025-05-14 11:23:00

Polen Capital Management released its first-quarter 2025 investor letter, reporting a -10.53% gross and -10.83% net return for the quarter. The fund underperformed the Russell 2000 Growth Index’s -11.12% return. Top 5 holdings and reasons for performance can be found in the letter.

Topgolf Callaway Brands Corp. (NYSE:MODG) was highlighted in Polen U.S. Small Company Growth Strategy’s Q1 2025 investor letter. The company, a tech-enabled golf and lifestyle brand, saw a 1.95% one-month return and a 59.70% loss in the last 52 weeks. On May 13, 2025, MODG stock closed at $6.55 per share.

Polen U.S. Small Company Growth Strategy exited its investment in Topgolf Callaway Brands Corp. (NYSE:MODG) due to declining conviction in the investment case. Factors included pressure on consumers, execution risks, and increased competitive intensity. Capital is being redeployed to other opportunities for growth and profitability.

Topgolf Callaway Brands Corp. (NYSE:MODG) is not among the 30 most popular stocks among hedge funds. 33 hedge fund portfolios held MODG at the end of Q4 2025, down from 22 in the previous quarter. MODG reported consolidated revenues of $1.09 billion in Q1 2025, a 5% year-over-year decrease. Hedge funds are shifting focus to AI stocks for higher returns in a shorter timeframe.

Read more: Polen Capital Sold Topgolf Callaway Brands Corp. (MODG) as it Became Less Compelling