Credo Technology shares fell 22.39% in one month despite Polen Capital’s small-cap portfolio outperforming the Russell 2000 Growth Index by 751 basis points.
Credo Technology Group Holding Ltd (NASDAQ:CRDO) closed at $226.74 on July 15, 2026, marking a 22.39% decline over the prior month. The drop contrasts with Polen Capital’s Q2 2026 small-cap growth strategy, which delivered 33.22% gross returns, surpassing the Russell 2000 Growth Index’s 25.71% gain.
Polen Capital’s portfolio benefited from strong AI infrastructure demand and hyperscaler spending, driving broad small-cap outperformance. Despite CRDO’s inclusion in the strategy’s top holdings, its shares underperformed peers amid sector rotation.
The firm highlighted CRDO’s role in high-speed connectivity solutions but did not disclose a change in position or outlook for the stock.