Polaris Capital Management, LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 27, 2026), Polaris Capital Management, LLC reported 84 stock positions worth $1.1 billion. Its top holding was Popular (BPOP) at 8.2% of the portfolio, followed by Jazz Pharmaceuticals (JAZZ, 7.5%) and Smurfit Westrock (SW, 7.1%). Compared with Q1 2026, it opened 7 new positions, sold out of 7, added to 24 and reduced 42. The biggest buy was Smurfit Westrock (SW, shares +20%) and the biggest sale an exit from MKS (MKSI).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0001316926
- Portfolio Value
- $1.1B (Q2 2026)
- SEC Filing
- 0001144969-26-000005 ↗ filed Jul 27, 2026
Holdings Value
Holdings 84 stocks · $1.1B
| BPOP Popular Inc. | 8.19% | 529,241 | $86.9M | Reduce -18.3% |
| JAZZ Jazz Pharmaceuticals PLC | 7.47% | 328,966 | $79.3M | Reduce -20.8% |
| SW Smurfit Westrock PLC | 7.13% | 1,635,802 | $75.7M | Add +19.7% |
| LIN Linde PLC | 4.88% | 99,716 | $51.7M | Reduce -20.0% |
| LNTH Lantheus Holdings Inc. | 4.44% | 424,500 | $47.1M | Reduce -31.2% |
| ARW Arrow Electronics Inc. | 3.93% | 195,700 | $41.8M | Reduce -31.7% |
| CVS CVS Health Corp. | 3.56% | 365,200 | $37.8M | Reduce -29.5% |
| JPM JPMorgan Chase & Co. | 2.78% | 90,291 | $29.6M | Reduce -23.2% |
| UTHR United Therapeutics Corp. | 2.73% | 53,450 | $29.0M | Reduce -44.7% |
| SLM SLM Corp. | 2.63% | 1,077,700 | $28.0M | Reduce -24.6% |
| IBOC International Bancshares CRP | 2.30% | 321,100 | $24.4M | Reduce -30.6% |
| MPC Marathon Petroleum Corp. | 2.25% | 93,482 | $23.9M | Reduce -40.0% |
| EMN Eastman Chemical Co. | 2.15% | 340,300 | $22.8M | Reduce -27.8% |
| CYTK Cytokinetics Inc. | 2.14% | 266,900 | $22.7M | New |
| INGR Ingredion Inc. | 2.02% | 226,300 | $21.4M | Reduce -1.4% |
| WBS Webster Financial Corp. | 1.99% | 276,538 | $21.1M | Reduce -43.8% |
| CFR Cullen/Frost Bankers Inc. | 1.94% | 133,300 | $20.6M | Reduce -34.7% |
| BKNG Booking Holdings Inc. | 1.88% | 112,010 | $20.0M | New |
| NOMD Nomad Foods Ltd. | 1.84% | 1,783,500 | $19.5M | Reduce -15.2% |
| GILD Gilead Sciences Inc. | 1.82% | 153,300 | $19.4M | Reduce -39.2% |
| CB Chubb Ltd. | 1.77% | 55,038 | $18.8M | Reduce -36.4% |
| ALSN Allison Transmission Holding | 1.75% | 164,900 | $18.6M | Reduce -36.2% |
| WMB Williams Cos Inc. | 1.74% | 248,800 | $18.5M | Reduce -37.6% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 1.71% | 76,400 | $18.2M | Reduce -37.7% |
| ABBV Abbvie Inc. | 1.69% | 71,264 | $17.9M | Reduce -38.9% |
| NEE Nextera Energy Inc. | 1.67% | 201,957 | $17.7M | Reduce -30.8% |
| GD General Dynamics Corp. | 1.67% | 49,927 | $17.7M | Reduce -42.9% |
| ELV Elevance Health Inc. | 1.60% | 43,824 | $16.9M | Reduce -38.8% |
| ADBE Adobe Inc. | 1.59% | 82,200 | $16.9M | New |
| TSN Tyson Foods Inc. Class A | 1.56% | 288,400 | $16.5M | Reduce -36.1% |
| GLPI Gaming and Leisure Propertie | 1.41% | 335,100 | $14.9M | Reduce -38.0% |
| COF Capital One Financial Corp. | 1.35% | 71,220 | $14.3M | Reduce -37.3% |
| LKQ LKQ Corp. | 1.04% | 420,800 | $11.1M | Reduce -38.4% |
| NBN Northeast Bank | 0.57% | 45,800 | $6.1M | Reduce -1.7% |
| SPFI South Plains Financial Inc. | 0.51% | 126,000 | $5.4M | Add +11.1% |
| HTB Hometrust Bancshares Inc. | 0.51% | 107,700 | $5.4M | Add +2.6% |
| OFG Ofg Bancorp | 0.50% | 108,100 | $5.3M | Add +0.1% |
| CBK Commercial Bancgroup Inc. | 0.29% | 95,100 | $3.1M | Add +35.1% |
| PEBO Peoples Bancorp Inc. | 0.29% | 79,800 | $3.1M | Add +23.3% |
| BFST Business First Bancshares | 0.28% | 98,200 | $3.0M | Add +19.2% |
| BHB Bar Harbor Bankshares filed as BAR HBR BANKSHARES | 0.28% | 79,900 | $3.0M | Add +14.1% |
| CVLG Covenant Logistics Group Inc. | 0.28% | 67,282 | $3.0M | Reduce -12.0% |
| CHCO City Holding Co. filed as CITY HLDG CO | 0.28% | 22,295 | $3.0M | Add +16.8% |
| INDB Independent Bank Corp. | 0.28% | 35,239 | $3.0M | Add +8.6% |
| SSB Southstate Bank Corp. | 0.27% | 29,161 | $2.9M | New |
| AYI Acuity Inc. | 0.26% | 7,200 | $2.7M | Add +16.1% |
| AVT Avnet Inc. | 0.25% | 29,300 | $2.6M | Reduce -9.0% |
| NTB Bank of N.T. Butterfield&son | 0.24% | 43,700 | $2.6M | Reduce -4.2% |
| NTST Netstreit Corp. | 0.24% | 118,600 | $2.5M | Add +9.9% |
| SBSI Southside Bancshares Inc. | 0.23% | 70,158 | $2.5M | Add +11.5% |
| VVX V2X Inc. | 0.23% | 33,000 | $2.5M | Reduce -3.5% |
| AIT Applied Industrial Tech Inc. | 0.23% | 7,200 | $2.4M | Reduce -5.3% |
| BOKF Bok Financial Corporation | 0.23% | 17,364 | $2.4M | Reduce -4.4% |
| CBT Cabot Corp. | 0.22% | 26,273 | $2.4M | Reduce -7.7% |
| PLUS Eplus Inc. | 0.22% | 27,700 | $2.3M | No change |
| NMIH Nmi Holdings Inc. filed as NMI HLDGS INC | 0.22% | 55,700 | $2.3M | Add +13.9% |
| IMKTA Ingles Markets Inc. Class A | 0.22% | 25,783 | $2.3M | Reduce -4.5% |
| LAUR Laureate Education Inc. | 0.21% | 61,500 | $2.2M | Reduce -14.3% |
| EBF Ennis Inc. | 0.21% | 105,100 | $2.2M | No change |
| BKH Black Hills Corp. | 0.21% | 29,800 | $2.2M | Reduce -11.6% |
| SBRA Sabra Health Care REIT Inc. | 0.21% | 112,800 | $2.2M | Add +7.4% |
| PECO Phillips Edison & Company Inc. | 0.21% | 52,600 | $2.2M | Reduce -1.7% |
| EXP Eagle Materials Inc. | 0.20% | 9,600 | $2.2M | Add +7.9% |
| EPRT Essential Properties Realty | 0.19% | 68,400 | $2.0M | Add +8.2% |
| CSL Carlisle Cos Inc. | 0.19% | 5,544 | $2.0M | Add +12.6% |
| BKE The Buckle Inc. | 0.19% | 46,583 | $2.0M | Add +30.6% |
| PRDO Perdoceo Education Corp. | 0.18% | 60,600 | $1.9M | No change |
| BBSI Barrett Business SVCS Inc. | 0.18% | 54,100 | $1.9M | Add +75.7% |
| ITRI Itron Inc. | 0.18% | 22,200 | $1.9M | New |
| FANG Diamondback Energy Inc. | 0.18% | 10,670 | $1.9M | No change |
| CVI CVR Energy Inc. | 0.17% | 67,000 | $1.8M | No change |
| HNI Hni Corp. | 0.17% | 44,500 | $1.8M | Add +12.9% |
| BDC Belden Inc. | 0.16% | 14,600 | $1.8M | New |
| DNOW Dnow Inc. | 0.16% | 130,400 | $1.7M | Add +7.8% |
| PDD PDD Holdings Inc. | 0.15% | 21,400 | $1.6M | Add +57.4% |
| EXEL Exelixis Inc. | 0.13% | 26,300 | $1.4M | No change |
| HRMY Harmony Biosciences Holdings | 0.12% | 36,100 | $1.3M | No change |
| AVBC Avidia Bancorp Inc. | 0.12% | 62,600 | $1.3M | Add +56.5% |
| ANIP Ani Pharmaceuticals Inc. | 0.12% | 15,600 | $1.3M | No change |
| SUPN Supernus Pharmaceuticals Inc. | 0.10% | 22,500 | $1.0M | No change |
| AUGO Aura Minerals Inc. | 0.09% | 15,500 | $976K | New |
| AMPH Amphastar Pharmaceuticals Inc. | 0.08% | 43,232 | $872K | No change |
| PRGS Progress Software Corp. | 0.07% | 23,400 | $786K | No change |
| BAP Credicorp Ltd. | 0.06% | 1,700 | $662K | Reduce -15.0% |
Portfolio Sells Q1 2026 → Q2 2026
| MKSI MKS Inc. | Sold out | 0.00% | −2.53 |
| UTHR United Therapeutics Corp. | Reduce -44.7% | 2.73% | −1.96 |
| GILD Gilead Sciences Inc. | Reduce -39.2% | 1.82% | −1.05 |
| MPC Marathon Petroleum Corp. | Reduce -40.0% | 2.25% | −0.86 |
| TSN Tyson Foods Inc. Class A | Reduce -36.1% | 1.56% | −0.81 |
| WBS Webster Financial Corp. | Reduce -43.8% | 1.99% | −0.80 |
| EMN Eastman Chemical Co. | Reduce -27.8% | 2.15% | −0.80 |
| GD General Dynamics Corp. | Reduce -42.9% | 1.67% | −0.79 |
| ALSN Allison Transmission Holding | Reduce -36.2% | 1.75% | −0.73 |
| WMB Williams Cos Inc. | Reduce -37.6% | 1.74% | −0.63 |
| LKQ LKQ Corp. | Reduce -38.4% | 1.04% | −0.60 |
| GLPI Gaming and Leisure Propertie | Reduce -38.0% | 1.41% | −0.56 |
| NEE Nextera Energy Inc. | Reduce -30.8% | 1.67% | −0.55 |
| CB Chubb Ltd. | Reduce -36.4% | 1.77% | −0.54 |
| ABBV Abbvie Inc. | Reduce -38.9% | 1.69% | −0.39 |
| MTB M & T Bank Corp. | Reduce -37.7% | 1.71% | −0.36 |
| COF Capital One Financial Corp. | Reduce -37.3% | 1.35% | −0.35 |
| CFR Cullen/Frost Bankers Inc. | Reduce -34.7% | 1.94% | −0.35 |
| IBOC International Bancshares CRP | Reduce -30.6% | 2.30% | −0.25 |
| SSB Southstate Bank Corp. | Sold out | 0.00% | −0.20 |
| LIN Linde PLC | Reduce -20.0% | 4.88% | −0.18 |
| ELV Elevance Health Inc. | Reduce -38.8% | 1.60% | −0.12 |
| WNC Wabash National Corp. | Sold out | 0.00% | −0.11 |
| INGR Ingredion Inc. | Reduce -1.4% | 2.02% | −0.10 |
| WGO Winnebago Industries | Sold out | 0.00% | −0.10 |
| FSEA First Seacoast Bancorp Inc. | Sold out | 0.00% | −0.09 |
| JPM JPMorgan Chase & Co. | Reduce -23.2% | 2.78% | −0.04 |
| KFRC Kforce Inc. | Sold out | 0.00% | −0.04 |
| EEFT Euronet Worldwide Inc. | Sold out | 0.00% | −0.02 |
| LAUR Laureate Education Inc. | Reduce -14.3% | 0.21% | +0.01 |
| BAP Credicorp Ltd. | Reduce -15.0% | 0.06% | +0.01 |
| IMKTA Ingles Markets Inc. Class A | Reduce -4.5% | 0.22% | +0.02 |
| BKH Black Hills Corp. | Reduce -11.6% | 0.21% | +0.02 |
| BOKF Bok Financial Corporation | Reduce -4.4% | 0.23% | +0.04 |
| VVX V2X Inc. | Reduce -3.5% | 0.23% | +0.04 |
| PECO Phillips Edison & Company Inc. | Reduce -1.7% | 0.21% | +0.04 |
| NTB Bank of N.T. Butterfield&son | Reduce -4.2% | 0.24% | +0.05 |
| CBT Cabot Corp. | Reduce -7.7% | 0.22% | +0.05 |
| AIT Applied Industrial Tech Inc. | Reduce -5.3% | 0.23% | +0.06 |
| AVT Avnet Inc. | Reduce -9.0% | 0.25% | +0.08 |
| CVLG Covenant Logistics Group Inc. | Reduce -12.0% | 0.28% | +0.11 |
| SLM SLM Corp. | Reduce -24.6% | 2.63% | +0.13 |
| NBN Northeast Bank | Reduce -1.7% | 0.57% | +0.14 |
| NOMD Nomad Foods Ltd. | Reduce -15.2% | 1.84% | +0.19 |
| CVS CVS Health Corp. | Reduce -29.5% | 3.56% | +0.52 |
| ARW Arrow Electronics Inc. | Reduce -31.7% | 3.93% | +0.57 |
| LNTH Lantheus Holdings Inc. | Reduce -31.2% | 4.44% | +0.61 |
| JAZZ Jazz Pharmaceuticals PLC | Reduce -20.8% | 7.47% | +1.04 |
| BPOP Popular Inc. | Reduce -18.3% | 8.19% | +1.07 |
Portfolio Buys Q1 2026 → Q2 2026
| SW Smurfit Westrock PLC | Add +19.7% | 7.13% | +2.67 |
| CYTK Cytokinetics Inc. | New | 2.14% | +2.14 |
| BKNG Booking Holdings Inc. | New | 1.88% | +1.88 |
| ADBE Adobe Inc. | New | 1.59% | +1.59 |
| SSB Southstate Bank Corp. | New | 0.27% | +0.27 |
| ITRI Itron Inc. | New | 0.18% | +0.18 |
| BDC Belden Inc. | New | 0.16% | +0.16 |
| OFG Ofg Bancorp | Add +0.1% | 0.50% | +0.14 |
| HTB Hometrust Bancshares Inc. | Add +2.6% | 0.51% | +0.14 |
| CBK Commercial Bancgroup Inc. | Add +35.1% | 0.29% | +0.14 |
| SPFI South Plains Financial Inc. | Add +11.1% | 0.51% | +0.12 |
| PEBO Peoples Bancorp Inc. | Add +23.3% | 0.29% | +0.11 |
| AYI Acuity Inc. | Add +16.1% | 0.26% | +0.11 |
| BBSI Barrett Business SVCS Inc. | Add +75.7% | 0.18% | +0.11 |
| BFST Business First Bancshares | Add +19.2% | 0.28% | +0.10 |
| BHB Bar Harbor Bankshares | Add +14.1% | 0.28% | +0.10 |
| CHCO City Holding Co. | Add +16.8% | 0.28% | +0.09 |
| AUGO Aura Minerals Inc. | New | 0.09% | +0.09 |
| INDB Independent Bank Corp. | Add +8.6% | 0.28% | +0.08 |
| SBSI Southside Bancshares Inc. | Add +11.5% | 0.23% | +0.07 |
| NTST Netstreit Corp. | Add +9.9% | 0.24% | +0.07 |
| EXP Eagle Materials Inc. | Add +7.9% | 0.20% | +0.07 |
| NMIH Nmi Holdings Inc. | Add +13.9% | 0.22% | +0.07 |
| HNI Hni Corp. | Add +12.9% | 0.17% | +0.06 |
| AVBC Avidia Bancorp Inc. | Add +56.5% | 0.12% | +0.06 |
| CSL Carlisle Cos Inc. | Add +12.6% | 0.19% | +0.06 |
| SBRA Sabra Health Care REIT Inc. | Add +7.4% | 0.21% | +0.04 |
| DNOW Dnow Inc. | Add +7.8% | 0.16% | +0.04 |
| PDD PDD Holdings Inc. | Add +57.4% | 0.15% | +0.04 |
| BKE The Buckle Inc. | Add +30.6% | 0.19% | +0.04 |
| EPRT Essential Properties Realty | Add +8.2% | 0.19% | +0.04 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 84 | $1.1B | BPOP, JAZZ, SW, LIN, LNTH |
| Q1 2026 | 84 | $1.2B | BPOP, JAZZ, LIN, UTHR, SW |
| Q4 2025 | 89 | $1.2B | BPOP, JAZZ, LIN, SW, UTHR |
| Q3 2025 | 90 | $1.5B | BPOP, VIPS, LIN, SW, JAZZ |
| Q2 2025 | 92 | $1.5B | BPOP, VIPS, LIN, SW, JAZZ |
| Q1 2025 | 91 | $1.7B | BPOP, VIPS, SW, LIN, JAZZ |
| Q4 2024 | 96 | $2.1B | SW, BPOP, LIN, JAZZ, TGLS |
| Q3 2024 | 92 | $2.0B | LIN, BPOP, JAZZ, NOMD, TGLS |
| Q2 2024 | 92 | $1.9B | LIN, BPOP, JAZZ, CROX, NOMD |
| Q1 2024 | 92 | $2.0B | LIN, BPOP, JAZZ, NOMD, CROX |