Polaris Capital Management, LLC
CIK 0001316926
Annualised vol
13.068558%
Beta
0.477459
HHI
345.020041
Top-10 weight
47.736739%
VaR 95%
1.18622%
VaR 99%
2.148004%
Max drawdown
27.457958%
Matched value
92.584053%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| BPOP | REDUCED | 529,241 | 648,130 | -18.34% | 86,890,787 |
| JAZZ | REDUCED | 328,966 | 415,366 | -20.8% | 79,270,937 |
| SW | ADDED | 1,635,802 | 1,366,550 | 19.7% | 75,672,201 |
| LIN | REDUCED | 99,716 | 124,583 | -19.96% | 51,746,621 |
| LNTH | REDUCED | 424,500 | 617,000 | -31.2% | 47,094,030 |
| ARW | REDUCED | 195,700 | 286,603 | -31.72% | 41,764,337 |
| CVS | REDUCED | 365,200 | 517,700 | -29.46% | 37,779,940 |
| JPM | REDUCED | 90,291 | 117,552 | -23.19% | 29,554,953 |
| UTHR | REDUCED | 53,450 | 96,650 | -44.7% | 28,960,814 |
| SLM | REDUCED | 1,077,700 | 1,429,100 | -24.59% | 27,955,538 |
| IBOC | REDUCED | 321,100 | 463,004 | -30.65% | 24,387,545 |
| MPC | REDUCED | 93,482 | 155,832 | -40.01% | 23,900,543 |
| EMN | REDUCED | 340,300 | 471,600 | -27.84% | 22,793,294 |
| CYTK | NEW | 266,900 | - | - | 22,737,211 |
| INGR | REDUCED | 226,300 | 229,600 | -1.44% | 21,432,873 |
| CFR | REDUCED | 133,300 | 204,000 | -34.66% | 20,597,516 |
| BKNG | NEW | 112,010 | - | - | 19,964,662 |
| NOMD | REDUCED | 1,783,500 | 2,102,800 | -15.18% | 19,529,325 |
| GILD | REDUCED | 153,300 | 252,200 | -39.21% | 19,367,922 |
| CB | REDUCED | 55,038 | 86,525 | -36.39% | 18,753,648 |
| ALSN | REDUCED | 164,900 | 258,600 | -36.23% | 18,590,826 |
| MTB | REDUCED | 76,400 | 122,594 | -37.68% | 18,183,964 |
| ABBV | REDUCED | 71,264 | 116,677 | -38.92% | 17,932,873 |
| NEE | REDUCED | 201,957 | 291,676 | -30.76% | 17,725,766 |
| GD | REDUCED | 49,927 | 87,354 | -42.85% | 17,686,140 |
| ELV | REDUCED | 43,824 | 71,641 | -38.83% | 16,948,056 |
| ADBE | NEW | 82,200 | - | - | 16,852,644 |
| TSN | REDUCED | 288,400 | 451,348 | -36.1% | 16,510,900 |
| COF | REDUCED | 71,220 | 113,644 | -37.33% | 14,288,156 |
| LKQ | REDUCED | 420,800 | 683,000 | -38.39% | 11,079,664 |
| SPFI | ADDED | 126,000 | 113,400 | 11.11% | 5,428,710 |
| HTB | ADDED | 107,700 | 105,000 | 2.57% | 5,373,153 |
| OFG | ADDED | 108,100 | 108,000 | 0.09% | 5,304,467 |
| CBK | ADDED | 95,100 | 70,400 | 35.09% | 3,070,779 |
| PEBO | ADDED | 79,800 | 64,700 | 23.34% | 3,065,118 |
| BFST | ADDED | 98,200 | 82,400 | 19.17% | 3,017,686 |
| BHB | ADDED | 79,900 | 70,000 | 14.14% | 3,017,024 |
| CVLG | REDUCED | 67,282 | 76,482 | -12.03% | 2,972,519 |
| CHCO | ADDED | 22,295 | 19,095 | 16.76% | 2,957,209 |
| SSB | NEW | 29,161 | - | - | 2,913,184 |
| AVT | REDUCED | 29,300 | 32,200 | -9.01% | 2,602,426 |
| NTB | REDUCED | 43,700 | 45,600 | -4.17% | 2,600,150 |
| NTST | ADDED | 118,600 | 107,900 | 9.92% | 2,506,018 |
| SBSI | ADDED | 70,158 | 62,944 | 11.46% | 2,468,860 |
| VVX | REDUCED | 33,000 | 34,200 | -3.51% | 2,460,480 |
| BOKF | REDUCED | 17,364 | 18,164 | -4.4% | 2,411,512 |
| CBT | REDUCED | 26,273 | 28,473 | -7.73% | 2,386,114 |
| PLUS | UNCHANGED | 27,700 | 27,700 | 0.0% | 2,305,471 |
| NMIH | ADDED | 55,700 | 48,900 | 13.91% | 2,288,713 |
| IMKTA | REDUCED | 25,783 | 26,983 | -4.45% | 2,283,858 |
| LAUR | REDUCED | 61,500 | 71,800 | -14.35% | 2,233,680 |
| EBF | UNCHANGED | 105,100 | 105,100 | 0.0% | 2,233,375 |
| SBRA | ADDED | 112,800 | 105,000 | 7.43% | 2,200,728 |
| EXP | ADDED | 9,600 | 8,900 | 7.87% | 2,160,000 |
| EPRT | ADDED | 68,400 | 63,200 | 8.23% | 2,041,740 |
| BKE | ADDED | 46,583 | 35,683 | 30.55% | 1,965,803 |
| PRDO | UNCHANGED | 60,600 | 60,600 | 0.0% | 1,939,200 |
| ITRI | NEW | 22,200 | - | - | 1,920,966 |
| FANG | UNCHANGED | 10,670 | 10,670 | 0.0% | 1,875,573 |
| CVI | UNCHANGED | 67,000 | 67,000 | 0.0% | 1,845,180 |
| HNI | ADDED | 44,500 | 39,400 | 12.94% | 1,798,245 |
| BDC | NEW | 14,600 | - | - | 1,750,686 |
| DNOW | ADDED | 130,400 | 121,000 | 7.77% | 1,691,288 |
| PDD | ADDED | 21,400 | 13,600 | 57.35% | 1,632,392 |
| EXEL | UNCHANGED | 26,300 | 26,300 | 0.0% | 1,430,983 |
| HRMY | UNCHANGED | 36,100 | 36,100 | 0.0% | 1,314,401 |
| AVBC | ADDED | 62,600 | 40,000 | 56.5% | 1,313,974 |
| ANIP | UNCHANGED | 15,600 | 15,600 | 0.0% | 1,291,368 |
| SUPN | UNCHANGED | 22,500 | 22,500 | 0.0% | 1,046,475 |
| AUGO | NEW | 15,500 | - | - | 975,725 |
| BAP | REDUCED | 1,700 | 2,000 | -15.0% | 662,286 |
| WNC | CLOSED OUT | 0 | 158,070 | -100.0% | 0 |
| MKSI | CLOSED OUT | 0 | 134,700 | -100.0% | 0 |
| FSEA | CLOSED OUT | 0 | 90,537 | -100.0% | 0 |
| WGO | CLOSED OUT | 0 | 38,067 | -100.0% | 0 |
| KFRC | CLOSED OUT | 0 | 16,557 | -100.0% | 0 |
| EEFT | CLOSED OUT | 0 | 4,500 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| BPOP | REDUCED | POPULAR INC | CommonStock | 733174700 | 86,890,787 | 8.19 | 529241.0 |
| JAZZ | REDUCED | JAZZ PHARMACEUTICALS PLC | CommonStock | G50871105 | 79,270,937 | 7.47 | 328966.0 |
| SW | ADDED | SMURFIT WESTROCK PLC | CommonStock | G8267P108 | 75,672,201 | 7.13 | 1635802.0 |
| LIN | REDUCED | LINDE PLC | CommonStock | G54950103 | 51,746,621 | 4.88 | 99716.0 |
| LNTH | REDUCED | LANTHEUS HOLDINGS INC | CommonStock | 516544103 | 47,094,030 | 4.44 | 424500.0 |
| ARW | REDUCED | ARROW ELECTRONICS INC | CommonStock | 042735100 | 41,764,337 | 3.93 | 195700.0 |
| CVS | REDUCED | CVS HEALTH CORP | CommonStock | 126650100 | 37,779,940 | 3.56 | 365200.0 |
| JPM | REDUCED | JPMORGAN CHASE & CO | CommonStock | 46625H100 | 29,554,953 | 2.78 | 90291.0 |
| UTHR | REDUCED | UNITED THERAPEUTICS CORP | CommonStock | 91307C102 | 28,960,814 | 2.73 | 53450.0 |
| SLM | REDUCED | SLM CORP | CommonStock | 78442P106 | 27,955,538 | 2.63 | 1077700.0 |
| IBOC | REDUCED | INTERNATIONAL BANCSHARES CORP | CommonStock | 459044103 | 24,387,545 | 2.3 | 321100.0 |
| MPC | REDUCED | MARATHON PETROLEUM CORP | CommonStock | 56585A102 | 23,900,543 | 2.25 | 93482.0 |
| EMN | REDUCED | EASTMAN CHEMICAL CO | CommonStock | 277432100 | 22,793,294 | 2.15 | 340300.0 |
| CYTK | NEW | CYTOKINETICS INC | CommonStock | 23282W605 | 22,737,211 | 2.14 | 266900.0 |
| INGR | REDUCED | INGREDION INC | CommonStock | 457187102 | 21,432,873 | 2.02 | 226300.0 |
| - | WEBSTER FINANCIAL CORP - CT | CommonStock | 947890109 | 21,133,034 | 1.99 | 276538.0 | |
| CFR | REDUCED | CULLEN/FROST BANKERS INC | CommonStock | 229899109 | 20,597,516 | 1.94 | 133300.0 |
| BKNG | NEW | BOOKING HOLDINGS INC | CommonStock | 09857L108 | 19,964,662 | 1.88 | 112010.0 |
| NOMD | REDUCED | NOMAD FOODS LTD | CommonStock | G6564A105 | 19,529,325 | 1.84 | 1783500.0 |
| GILD | REDUCED | GILEAD SCIENCES INC | CommonStock | 375558103 | 19,367,922 | 1.82 | 153300.0 |
| CB | REDUCED | CHUBB LTD | CommonStock | H1467J104 | 18,753,648 | 1.77 | 55038.0 |
| ALSN | REDUCED | ALLISON TRANSMISSION HOLDING | CommonStock | 01973R101 | 18,590,826 | 1.75 | 164900.0 |
| - | WILLIAMS COS INC | CommonStock | 969457100 | 18,495,792 | 1.74 | 248800.0 | |
| MTB | REDUCED | M & T BANK CORP | CommonStock | 55261F104 | 18,183,964 | 1.71 | 76400.0 |
| ABBV | REDUCED | ABBVIE INC | CommonStock | 00287Y109 | 17,932,873 | 1.69 | 71264.0 |
| NEE | REDUCED | NEXTERA ENERGY INC | CommonStock | 65339F101 | 17,725,766 | 1.67 | 201957.0 |
| GD | REDUCED | GENERAL DYNAMICS CORP. | CommonStock | 369550108 | 17,686,140 | 1.67 | 49927.0 |
| ELV | REDUCED | ELEVANCE HEALTH INC | CommonStock | 036752103 | 16,948,056 | 1.6 | 43824.0 |
| ADBE | NEW | ADOBE INC | CommonStock | 00724F101 | 16,852,644 | 1.59 | 82200.0 |
| TSN | REDUCED | TYSON FOODS INC-CL A | CommonStock | 902494103 | 16,510,900 | 1.56 | 288400.0 |
| - | GAMING AND LEISURE PROPERTIE | CommonStock | 36467J108 | 14,922,003 | 1.41 | 335100.0 | |
| COF | REDUCED | CAPITAL ONE FINANCIAL CORP | CommonStock | 14040h105 | 14,288,156 | 1.35 | 71220.0 |
| LKQ | REDUCED | LKQ CORP | CommonStock | 501889208 | 11,079,664 | 1.04 | 420800.0 |
| - | NORTHEAST BANK | CommonStock | 66405S100 | 6,069,874 | 0.57 | 45800.0 | |
| SPFI | ADDED | SOUTH PLAINS FINANCIAL INC | CommonStock | 83946P107 | 5,428,710 | 0.51 | 126000.0 |
| HTB | ADDED | HOMETRUST BANCSHARES INC | CommonStock | 437872104 | 5,373,153 | 0.51 | 107700.0 |
| OFG | ADDED | OFG BANCORP | CommonStock | 67103X102 | 5,304,467 | 0.5 | 108100.0 |
| CBK | ADDED | COMMERCIAL BANCGROUP INC | CommonStock | 20112C106 | 3,070,779 | 0.29 | 95100.0 |
| PEBO | ADDED | PEOPLES BANCORP INC | CommonStock | 709789101 | 3,065,118 | 0.29 | 79800.0 |
| BFST | ADDED | BUSINESS FIRST BANCSHARES | CommonStock | 12326C105 | 3,017,686 | 0.28 | 98200.0 |
| BHB | ADDED | BAR HARBOR BANKSHARES | CommonStock | 066849100 | 3,017,024 | 0.28 | 79900.0 |
| CVLG | REDUCED | COVENANT LOGISTICS GROUP INC | CommonStock | 22284P105 | 2,972,519 | 0.28 | 67282.0 |
| CHCO | ADDED | CITY HOLDING CO | CommonStock | 177835105 | 2,957,209 | 0.28 | 22295.0 |
| - | INDEPENDENT BANK CORP/MA | CommonStock | 453836108 | 2,950,209 | 0.28 | 35239.0 | |
| SSB | NEW | SOUTHSTATE BANK CORP | CommonStock | 84472E102 | 2,913,184 | 0.27 | 29161.0 |
| - | ACUITY BRANDS INC | CommonStock | 00508Y102 | 2,711,952 | 0.26 | 7200.0 | |
| AVT | REDUCED | AVNET INC | CommonStock | 053807103 | 2,602,426 | 0.25 | 29300.0 |
| NTB | REDUCED | BANK OF N.T. BUTTERFIELD&SON | CommonStock | G0772R208 | 2,600,150 | 0.24 | 43700.0 |
| NTST | ADDED | NETSTREIT CORP | CommonStock | 64119V303 | 2,506,018 | 0.24 | 118600.0 |
| SBSI | ADDED | SOUTHSIDE BANCSHARES INC | CommonStock | 84470P109 | 2,468,860 | 0.23 | 70158.0 |
| VVX | REDUCED | V2X INC | CommonStock | 92242T101 | 2,460,480 | 0.23 | 33000.0 |
| - | APPLIED INDUSTRIAL TECH INC | CommonStock | 03820C105 | 2,434,680 | 0.23 | 7200.0 | |
| BOKF | REDUCED | BOK FINANCIAL CORPORATION | CommonStock | 05561Q201 | 2,411,512 | 0.23 | 17364.0 |
| CBT | REDUCED | CABOT CORP | CommonStock | 127055101 | 2,386,114 | 0.22 | 26273.0 |
| PLUS | UNCHANGED | EPLUS INC | CommonStock | 294268107 | 2,305,471 | 0.22 | 27700.0 |
| NMIH | ADDED | NMI HOLDINGS INC | CommonStock | 629209305 | 2,288,713 | 0.22 | 55700.0 |
| IMKTA | REDUCED | INGLES MARKETS INC-CLASS A | CommonStock | 457030104 | 2,283,858 | 0.22 | 25783.0 |
| LAUR | REDUCED | LAUREATE EDUCATION INC | CommonStock | 518613203 | 2,233,680 | 0.21 | 61500.0 |
| EBF | UNCHANGED | ENNIS INC | CommonStock | 293389102 | 2,233,375 | 0.21 | 105100.0 |
| - | BLACK HILLS CORP | CommonStock | 092113109 | 2,217,120 | 0.21 | 29800.0 | |
| SBRA | ADDED | SABRA HEALTH CARE REIT INC | CommonStock | 78573L106 | 2,200,728 | 0.21 | 112800.0 |
| - | PHILLIPS EDISON & COMPANY IN | CommonStock | 71844V201 | 2,189,212 | 0.21 | 52600.0 | |
| EXP | ADDED | EAGLE MATERIALS INC | CommonStock | 26969P108 | 2,160,000 | 0.2 | 9600.0 |
| EPRT | ADDED | ESSENTIAL PROPERTIES REALTY | CommonStock | 29670E107 | 2,041,740 | 0.19 | 68400.0 |
| - | CARLISLE COS INC | CommonStock | 142339100 | 2,011,086 | 0.19 | 5544.0 | |
| BKE | ADDED | BUCKLE INC/THE | CommonStock | 118440106 | 1,965,803 | 0.19 | 46583.0 |
| PRDO | UNCHANGED | PERDOCEO EDUCATION CORP | CommonStock | 71363P106 | 1,939,200 | 0.18 | 60600.0 |
| - | BARRETT BUSINESS SVCS INC | CommonStock | 068463108 | 1,921,632 | 0.18 | 54100.0 | |
| ITRI | NEW | ITRON INC | CommonStock | 465741106 | 1,920,966 | 0.18 | 22200.0 |
| FANG | UNCHANGED | DIAMONDBACK ENERGY INC | CommonStock | 25278X109 | 1,875,573 | 0.18 | 10670.0 |
| CVI | UNCHANGED | CVR ENERGY INC | CommonStock | 12662P108 | 1,845,180 | 0.17 | 67000.0 |
| HNI | ADDED | HNI CORP | CommonStock | 404251100 | 1,798,245 | 0.17 | 44500.0 |
| BDC | NEW | BELDEN INC | CommonStock | 077454106 | 1,750,686 | 0.16 | 14600.0 |
| DNOW | ADDED | DNOW INC | CommonStock | 67011P100 | 1,691,288 | 0.16 | 130400.0 |
| PDD | ADDED | PDD HOLDINGS INC | ADR | 722304102 | 1,632,392 | 0.15 | 21400.0 |
| EXEL | UNCHANGED | EXELIXIS INC | CommonStock | 30161Q104 | 1,430,983 | 0.13 | 26300.0 |
| HRMY | UNCHANGED | HARMONY BIOSCIENCES HOLDINGS | CommonStock | 413197104 | 1,314,401 | 0.12 | 36100.0 |
| AVBC | ADDED | AVIDIA BANCORP INC | CommonStock | 05369T100 | 1,313,974 | 0.12 | 62600.0 |
| ANIP | UNCHANGED | ANI PHARMACEUTICALS INC | CommonStock | 00182C103 | 1,291,368 | 0.12 | 15600.0 |
| SUPN | UNCHANGED | SUPERNUS PHARMACEUTICALS INC | CommonStock | 868459108 | 1,046,475 | 0.1 | 22500.0 |
| AUGO | NEW | AURA MINERALS INC | CommonStock | G06973112 | 975,725 | 0.09 | 15500.0 |
| - | AMPHASTAR PHARMACEUTICALS IN | CommonStock | 03209R103 | 872,422 | 0.08 | 43232.0 | |
| - | PROGRESS SOFTWARE CORP | CommonStock | 743312100 | 785,772 | 0.07 | 23400.0 | |
| BAP | REDUCED | CREDICORP LTD | CommonStock | G2519Y108 | 662,286 | 0.06 | 1700.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-07-27 | 1,061,425,993 | 84 | 13.068558 | 0.477459 | 27.457958 |
| 2026-03-31 | 2026-04-27 | 1,222,190,003 | 84 | 13.936077 | 0.514329 | 29.488537 |
| 2025-12-31 | 2026-01-29 | 1,205,539,453 | 89 | 13.670896 | 0.511192 | 28.359698 |
| 2025-09-30 | 2025-10-27 | 1,521,799,345 | 90 | 13.190986 | 0.49542 | 27.158216 |
| 2025-03-31 | 2025-05-14 | 1,748,812,605 | 91 | 12.530009 | 0.45625 | 26.793434 |
| 2024-12-31 | 2025-01-29 | 2,073,069,976 | 96 | 12.676223 | 0.473912 | 26.720122 |