Polen Capital released its third-quarter 2025 investor letter, reporting a 3.34% (gross) and 3.14% (net) return for its Polen Focus Growth Strategy. The top five holdings were emphasized, with the strategy outperforming the Russell 1000 Growth Index and the S&P 500 Index. Thermo Fisher Scientific Inc. (NYSE:TMO) was highlighted as a key stock pick, with a one-month return of 9.12% and a market capitalization of $198.088 billion.

In the investor letter, Polen Focus Growth Strategy discussed its decision to eliminate its remaining position in Thermo Fisher Scientific Inc. (NYSE:TMO) to fund the purchase of Uber. This move was attributed to macro, policy, and funding challenges faced by Thermo Fisher Scientific Inc., leading to a reallocation of proceeds to a more promising portfolio candidate.

Thermo Fisher Scientific Inc. (NYSE:TMO) ranked 26th on the list of 30 Most Popular Stocks Among Hedge Funds, with 117 hedge fund portfolios holding the stock at the end of the second quarter. The company’s revenue in the second quarter increased by 3% to $10.85 billion. While acknowledging Thermo Fisher Scientific Inc.’s potential, Polen Capital believes that certain AI stocks offer greater upside potential and lower downside risk, recommending an undervalued AI stock with significant benefits from Trump-era tariffs and the onshoring trend.

Read more at Yahoo Finance: Polen Focus Growth Strategy Sold Thermo Fisher Scientific (TMO) to Fund Other Investments