Polaris Capital Management 13F annual report
Polaris Capital Management is an investment fund managing more than $1.87 trillion ran by Bernard Jr.. There are currently 92 companies in Mr. Jr.’s portfolio. The largest investments include Linde Plc and Popular, together worth $360 billion.
$1.87 trillion Assets Under Management (AUM)
As of 19th July 2024, Polaris Capital Management’s top holding is 442,436 shares of Linde Plc currently worth over $194 billion and making up 10.4% of the portfolio value.
Relative to the number of outstanding shares of Linde Plc, Polaris Capital Management owns more than approximately 0.1% of the company.
In addition, the fund holds 1,875,078 shares of Popular worth $166 billion, whose value grew 13.0% in the past six months.
The third-largest holding is Jazz Pharmaceuticals plc worth $147 billion and the next is Crocs Inc worth $52.7 billion, with 361,077 shares owned.
Currently, Polaris Capital Management's portfolio is worth at least $1.87 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Polaris Capital Management
The Polaris Capital Management office and employees reside in Boston, Massachusetts. According to the last 13-F report filed with the SEC, Bernard Jr. serves as the President at Polaris Capital Management.
Recent trades
In the most recent 13F filing, Polaris Capital Management revealed that it had opened a new position in
He Equipment Services Inc and bought 18,600 shares worth $822 million.
The investment fund also strengthened its position in United Therapeutics Corp by buying
18,600 additional shares.
This makes their stake in United Therapeutics Corp total 148,550 shares worth $47.3 billion.
United Therapeutics Corp soared 35.5% in the past year.
On the other hand, there are companies that Polaris Capital Management is getting rid of from its portfolio.
Polaris Capital Management closed its position in Standard Motor Prods on 26th July 2024.
It sold the previously owned 20,700 shares for $694 million.
Bernard Jr. also disclosed a decreased stake in Linde Plc by approximately 0.1%.
This leaves the value of the investment at $194 billion and 442,436 shares.
One of the largest hedge funds
The two most similar investment funds to Polaris Capital Management are Avidian Wealth Solutions and Cambridge Associates MA adv. They manage $1.87 trillion and $1.87 trillion respectively.
Bernard Jr. investment strategy
Polaris Capital Management’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Finance — making up 18.9% of
the total portfolio value.
The fund focuses on investments in the United States as
70.7% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
20% of the total holdings value.
On the other hand, small-cap stocks make up only 2.2% of the portfolio.
The average market cap of the portfolio companies is close to $54.1 billion.
The complete list of Polaris Capital Management trades based on 13F SEC filings
These positions were updated on July 26th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Linde Plc. |
8.66%
442,436
|
$194,145,341,000 | 10.40% |
| Popular Inc. |
5.30%
1,875,078
|
$165,813,148,000 | 8.88% |
| Jazz Pharmaceuticals plc |
3.99%
1,375,460
|
$146,802,846,000 | 7.87% |
| Crocs Inc |
2.75%
361,077
|
$52,695,577,000 | 2.82% |
| Nomad Foods Ltd |
5.01%
3,175,300
|
$52,328,944,000 | 2.80% |
| United Therapeutics Corp |
14.31%
148,550
|
$47,320,603,000 | 2.54% |
| Allison Transmission Holding |
3.06%
621,100
|
$47,141,490,000 | 2.53% |
| Microsoft Corporation |
3.67%
104,926
|
$46,896,676,000 | 2.51% |
| MKS Instruments, Inc. |
2.21%
358,600
|
$46,825,988,000 | 2.51% |
| Williams Cos Inc |
3.13%
1,059,000
|
$45,007,500,000 | 2.41% |
| Jpmorgan Chase Co |
2.25%
217,251
|
$43,941,187,000 | 2.35% |
| Tecnoglass Inc |
7.77%
831,964
|
$41,743,936,000 | 2.24% |
| General Dynamics Corp. |
3.06%
142,764
|
$41,421,547,000 | 2.22% |
| International Bancshares Corp. |
1.26%
720,808
|
$41,237,426,000 | 2.21% |
| Abbvie Inc |
1.59%
234,479
|
$40,217,838,000 | 2.16% |
| Elevance Health Inc |
2.91%
73,369
|
$39,755,726,000 | 2.13% |
| Marathon Petroleum Corp |
3.26%
210,594
|
$36,533,847,000 | 1.96% |
| Tyson Foods, Inc. |
1.20%
635,863
|
$36,333,212,000 | 1.95% |
| NextEra Energy Inc |
2.79%
508,864
|
$36,032,660,000 | 1.93% |
| Ingredion Inc |
2.46%
309,200
|
$35,465,240,000 | 1.90% |
| NOV Inc |
2.02%
1,817,153
|
$34,544,079,000 | 1.85% |
| SLM Corp. |
2.38%
1,636,100
|
$34,014,519,000 | 1.82% |
| Chubb Ltd |
2.52%
131,269
|
$33,484,097,000 | 1.79% |
| Northern Trust Corp. |
2.49%
396,100
|
$33,264,478,000 | 1.78% |
| Unitedhealth Group Inc |
3.03%
64,342
|
$32,862,049,000 | 1.76% |
| Webster Financial Corp - Ct |
1.76%
742,495
|
$32,365,357,000 | 1.73% |
| Cullen/frost Bankers Inc |
2.71%
315,800
|
$32,094,754,000 | 1.72% |
| Capital One Financial Corp. |
2.44%
231,608
|
$32,066,128,000 | 1.72% |
| Interpublic Group Of Cos., Inc. |
2.15%
1,095,800
|
$31,876,822,000 | 1.71% |
| Carlyle Group Inc/the |
2.53%
777,000
|
$31,196,550,000 | 1.67% |
| Science Applications Inte |
1.94%
258,100
|
$30,339,655,000 | 1.63% |
| Arrow Electronics Inc. |
1.93%
248,503
|
$30,009,222,000 | 1.61% |
| Gilead Sciences, Inc. |
7.30%
421,900
|
$28,946,559,000 | 1.55% |
| M T Bank Corp |
15.32%
188,894
|
$28,590,996,000 | 1.53% |
| LKQ Corp |
2.51%
672,100
|
$27,952,639,000 | 1.50% |
| CVS Health Corp |
1.57%
451,100
|
$26,641,966,000 | 1.43% |
| Sally Beauty Holdings Inc |
2.18%
2,372,929
|
$25,461,528,000 | 1.36% |
| Dime Community Bancshares, Inc. |
3.33%
409,080
|
$8,345,232,000 | 0.45% |
| Cambridge Bancorp |
1.66%
112,827
|
$7,785,063,000 | 0.42% |
| Premier Financial Corp. |
0.32%
343,983
|
$7,037,892,000 | 0.38% |
| OFG Bancorp |
2.38%
176,600
|
$6,613,670,000 | 0.35% |
| South Plains Financial Inc |
No change
166,700
|
$4,500,900,000 | 0.24% |
| Barrett Business Svcs Inc |
300.00%
92,000
|
$3,014,840,000 | 0.16% |
| Hercules Capital Inc |
2.49%
128,665
|
$2,631,199,000 | 0.14% |
| Eastern Bankshares, Inc. |
8.90%
182,200
|
$2,547,156,000 | 0.14% |
| Graphic Packaging Holding Co |
No change
91,600
|
$2,400,836,000 | 0.13% |
| Cabot Corp. |
No change
25,573
|
$2,349,903,000 | 0.13% |
| Diamondback Energy Inc |
No change
10,670
|
$2,136,027,000 | 0.11% |
| Applied Industrial Tech Inc |
No change
11,000
|
$2,134,000,000 | 0.11% |
| Air Lease Corp |
No change
43,300
|
$2,058,049,000 | 0.11% |
| Curtiss-Wright Corp. |
No change
7,200
|
$1,951,056,000 | 0.10% |
| Kforce Inc. |
No change
29,494
|
$1,832,462,000 | 0.10% |
| Eagle Materials Inc. |
No change
8,400
|
$1,826,664,000 | 0.10% |
| V2X Inc |
No change
37,600
|
$1,803,296,000 | 0.10% |
| BOK Financial Corp. |
8.30%
18,264
|
$1,673,713,000 | 0.09% |
| Wabash National Corp. |
2.01%
76,200
|
$1,664,208,000 | 0.09% |
| Evertec Inc |
No change
49,800
|
$1,655,850,000 | 0.09% |
| Northeast Bank |
No change
27,200
|
$1,655,392,000 | 0.09% |
| Carlisle Cos Inc |
14.29%
4,000
|
$1,620,840,000 | 0.09% |
| Ennis Inc. |
No change
72,400
|
$1,584,836,000 | 0.08% |
| Peoples Bancorp Inc |
No change
50,300
|
$1,509,000,000 | 0.08% |
| Colony Bankcorp, Inc. |
No change
119,479
|
$1,463,618,000 | 0.08% |
| Maximus Inc. |
No change
16,600
|
$1,422,620,000 | 0.08% |
| Dnow Inc |
No change
101,700
|
$1,396,341,000 | 0.07% |
| Exelixis Inc |
No change
61,900
|
$1,390,893,000 | 0.07% |
| Knight-Swift Transportation Holdings Inc |
26.52%
27,194
|
$1,357,524,000 | 0.07% |
| South State Corp |
18.97%
17,561
|
$1,342,012,000 | 0.07% |
| Winnebago Industries, Inc. |
83.55%
23,067
|
$1,250,231,000 | 0.07% |
| Buckle Inc/the |
No change
33,500
|
$1,237,490,000 | 0.07% |
| Global Medical REIT Inc |
No change
135,500
|
$1,230,340,000 | 0.07% |
| Acuity Brands, Inc. |
No change
5,000
|
$1,207,200,000 | 0.06% |
| Southside Bancshares Inc |
No change
43,200
|
$1,192,752,000 | 0.06% |
| Bar Harbor Bankshares Inc |
No change
43,400
|
$1,166,592,000 | 0.06% |
| Janus International Group In |
No change
91,500
|
$1,155,645,000 | 0.06% |
| Supernus Pharmaceuticals Inc |
No change
42,500
|
$1,136,875,000 | 0.06% |
| Dril-Quip, Inc. |
No change
60,500
|
$1,125,300,000 | 0.06% |
| Kimball Electronics Inc |
No change
50,245
|
$1,104,385,000 | 0.06% |
| Trubridge Inc |
45.89%
105,550
|
$1,055,500,000 | 0.06% |
| CSG Systems International Inc. |
No change
24,000
|
$988,080,000 | 0.05% |
| CVR Energy Inc |
No change
34,400
|
$920,888,000 | 0.05% |
| Regal Rexnord Corp |
No change
6,789
|
$918,009,000 | 0.05% |
| City Holding Co. |
92.97%
8,095
|
$860,094,000 | 0.05% |
| Harmony Biosciences Holdings, Inc. |
No change
28,500
|
$859,845,000 | 0.05% |
| Fnb Corp |
No change
61,980
|
$847,886,000 | 0.05% |
| He Equipment Services Inc |
Opened
18,600
|
$821,562,000 | 0.04% |
| Perdoceo Education Corporation |
21.63%
36,600
|
$783,972,000 | 0.04% |
| Standard Motor Prods |
Closed
20,700
|
$694,485,000 | |
| Euronet Worldwide Inc |
No change
6,500
|
$672,750,000 | 0.04% |
| Credicorp Ltd |
No change
3,800
|
$613,054,000 | 0.03% |
| First Seacoast Bancorp |
65.00%
45,437
|
$408,933,000 | 0.02% |
| Independent Bank Corp/ma |
No change
7,639
|
$387,450,000 | 0.02% |
| Pacira BioSciences Inc |
No change
5,600
|
$160,216,000 | 0.01% |
| Cfsb Bancorp Inc |
No change
10,000
|
$65,700,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 93 holdings | |||
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