Polen Capital Management LLC released its "Polen 5Perspectives Small Growth Strategy" Q2 2026 investor letter. The letter can be downloaded here . During Q3 2026, the Polen 5Perspectives Small Growth Composite Portfolio returned -14.1% net of fees, lagging the Russell 2000 Growth Index's -9.4%. The quarter began with a selloff in AI equities but recovered to a mid-August high before a rate hike from the Fed led to a correction. The analysis suggests a shift from AI infrastructure suppliers to businesses applying AI for productivity and innovation, indicating a more favorable growth trajectory for the latter. Also, check the Fund's top five holdings to see its best picks for 2026.
In its Q3 2026 investor letter, Polen 5Perspectives Small Growth Strategy highlighted Five9, Inc. (NASDAQ: FIVN ). Five9, Inc. (NASDAQ:FIVN) is a leading provider of cloud contact center software, offering AI-driven enterprise contact center solutions, intelligent virtual agents, and customer engagement applications. On October 28, 2026, Five9, Inc. (NASDAQ:FIVN) closed at $37.63 per share with a market capitalization of $2.81 billion. Five9, Inc. (NASDAQ:FIVN) has declined 87.68% YTD, trading within a 52-week range of $13.29 to $40.00.
Polen 5Perspectives Small Growth Strategy stated the following regarding Five9, Inc. (NASDAQ:FIVN) in its Q3 2026 investor letter:
"Similar to RingCentral, Five9, Inc.(NASDAQ:FIVN) is a provider of cloud-based contact center software that helps enterprises manage customer engagement. Shares outperformed during the quarter as the company reported accelerating subscription growth alongside a sharp increase in AI-related revenue and signed a significant multi-year contract with a large enterprise customer. Management also raised its full-year outlook for AI revenue growth, reinforcing investor conviction in the company's positioning within AI-enabled customer experience."
Five9, Inc. (NASDAQ:FIVN) is not on our list of the 40 Most Popular Stocks Among Hedge Funds . According to our database, 35 hedge fund portfolios held Five9, Inc. (NASDAQ:FIVN) at the end of the second quarter, down from 36 in the previous quarter. While we acknowledge the potential of Five9, Inc. (NASDAQ:FIVN) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock .
In another article , we discussed Five9, Inc. (NASDAQ:FIVN) and shared a list of the most oversold stocks listed on NASDAQ with attractive upside potential. In addition, please check out our hedge fund investor letters Q3 2026 page for more investor letters from hedge funds and other leading investors.
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This article is originally published at Insider Monkey .
