Polen Focus Growth Bets on Lam Research (LRCX), a Critical Supplier of Etch and Deposition Equipment

1 week ago 5

Soumya Eswaran

Wed, April 29, 2026 astatine 7:47 AM CDT 3 min read

Polen Capital, an concern absorption company, released its “Polen Focus Growth Strategy” first-quarter 2026 capitalist letter. A transcript of the missive tin beryllium downloaded here. The archetypal 4th of 2026 was highly volatile for US equities, driven by AI disruption concerns and the US-Israel struggle successful Iran and the Middle East. In this backdrop, the Polen Focus Growth Strategy declined 17.16% successful the quarter, compared to a -9.78% instrumentality for the Russell 1000 Growth and -4.33% instrumentality for the S&P 500. The Strategy focuses connected mission-critical businesses with recurring gross and competitory advantages and capitalizes connected the volatility to summation investments successful bundle and semiconductor companies. The Strategy remains assured successful the semipermanent imaginable of the Portfolio, emphasizing businesses with beardown economical moats, robust equilibrium sheets, and multi-year net growth. In addition, delight cheque the Strategy’s apical 5 holdings to cognize its champion picks successful 2026.

In its first-quarter 2026 capitalist letter, Polen Focus Growth Strategy highlighted Lam Research Corporation (NASDAQ:LRCX) arsenic a recently added position. Lam Research Corporation (NASDAQ:LRCX) is simply a starring semiconductor instrumentality institution that supplies semiconductor processing instrumentality for the fabrication of integrated circuits. On April 28, 2026, Lam Research Corporation (NASDAQ:LRCX) closed astatine $251.23 per share. One-month instrumentality of Lam Research Corporation (NASDAQ:LRCX) was 13.16%, and its shares gained 250.54% implicit the past 52 weeks. Lam Research Corporation (NASDAQ:LRCX) has a marketplace capitalization of $314.18 billion.

Polen Focus Growth Strategy stated the pursuing regarding Lam Research Corporation (NASDAQ:LRCX) successful its Q1 2026 capitalist letter:

"We initiated a caller presumption successful Lam Research Corporation (NASDAQ:LRCX) for the Portfolio, recognizing the institution arsenic a captious supplier of etch and deposition instrumentality utilized by semiconductor manufacturers to region and deposit materials connected silicon wafers. Lam’s competitory vantage stems from its quality to tightly integrate hardware and bundle solutions tailored to lawsuit needs, alongside precocious switching costs driven by the hazard of accumulation disruption and lengthy improvement cycles, which make durable vendor lock-in erstwhile a shaper standardizes connected its tools. This has resulted successful unchangeable marketplace stock and expanding margins supported by economies of scale. We judge Lam is good positioned to payment from overlapping concern cycles successful representation and datacenters tied to AI, perchance providing extended gross visibility done 2027 and beyond."

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