Polaris Capital Management, LLC

Name: Polaris Capital Management, LLC 13F holdings, Q3 2024
Creator: Polaris Capital Management, LLC
Published: 2024-11-13

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q2 2024Q1 2024

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), Polaris Capital Management, LLC reported 92 stock positions worth $2.0 billion. Its top holding was Linde (LIN) at 9.5% of the portfolio, followed by Popular (BPOP, 8.5%) and Jazz Pharmaceuticals (JAZZ, 7.2%). Compared with Q2 2024, it opened 3 new positions, sold out of 3, added to 46 and reduced 26. The biggest buy was a new position in Gaming and Leisure Propertie (GLPI) and the biggest sale Linde (LIN, shares −9%).

Most Recent 13F: Q2 2026
Location: BOSTON, MA
CIK: 0001316926
Portfolio Value: $2.0B (Q3 2024)
SEC Filing: 0001144969-24-000011 ↗ filed Nov 13, 2024

Holdings Value

Holdings 92 stocks · $2.0B


LIN Linde PLC	9.49%	404,036	$192.7M	Reduce -8.7%
BPOP Popular Inc.	8.45%	1,711,378	$171.6M	Reduce -8.7%
JAZZ Jazz Pharmaceuticals PLC	7.17%	1,305,560	$145.5M	Reduce -5.1%
NOMD Nomad Foods Ltd.	2.95%	3,138,200	$59.8M	Reduce -1.2%
TGLS Tecnoglass Holdings Inc.	2.84%	840,164	$57.7M	Add +1.0%
ALSN Allison Transmission Holding	2.82%	596,800	$57.3M	Reduce -3.9%
CROX Crocs Inc.	2.53%	354,677	$51.4M	Reduce -1.8%
UTHR United Therapeutics Corp.	2.51%	141,950	$50.9M	Reduce -4.4%
WMB Williams Cos Inc.	2.31%	1,026,000	$46.8M	Reduce -3.1%
ABBV Abbvie Inc.	2.29%	235,379	$46.5M	Add +0.4%
JPM JPMorgan Chase & Co.	2.24%	215,351	$45.4M	Reduce -0.9%
MSFT Microsoft Corp.	2.15%	101,626	$43.7M	Reduce -3.1%
NEE Nextera Energy Inc.	2.09%	502,264	$42.5M	Reduce -1.3%
INGR Ingredion Inc.	2.09%	308,700	$42.4M	Reduce -0.2%
IBOC International Bancshares CRP	2.08%	707,408	$42.3M	Reduce -1.9%
GD General Dynamics Corp.	2.04%	137,364	$41.5M	Reduce -3.8%
GLPI Gaming and Leisure Propertie	1.90%	750,900	$38.6M	New
MKSI MKS Inc. filed as MKS INSTRS INC	1.90%	354,000	$38.5M	Reduce -1.3%
CB Chubb Ltd.	1.88%	132,069	$38.1M	Add +0.6%
TSN Tyson Foods Inc. Class A	1.87%	637,563	$38.0M	Add +0.3%
SLM SLM Corp.	1.87%	1,658,600	$37.9M	Add +1.4%
ELV Elevance Health Inc.	1.86%	72,769	$37.8M	Reduce -0.8%
SAIC Science Applications Inte	1.79%	260,500	$36.3M	Add +0.9%
GILD Gilead Sciences Inc.	1.77%	428,300	$35.9M	Add +1.5%
NTRS Northern Trust Corp.	1.77%	398,600	$35.9M	Add +0.6%
WBS Webster Financial Corp.	1.76%	768,695	$35.8M	Add +3.5%
CFR Cullen/Frost Bankers Inc.	1.75%	318,200	$35.6M	Add +0.8%
IPG Interpublic Group of Cos Inc.	1.72%	1,103,700	$34.9M	Add +0.7%
COF Capital One Financial Corp.	1.72%	233,008	$34.9M	Add +0.6%
UNH Unitedhealth Group Inc.	1.70%	59,152	$34.6M	Reduce -8.1%
MPC Marathon Petroleum Corp.	1.70%	211,494	$34.5M	Add +0.4%
ARW Arrow Electronics Inc.	1.69%	258,403	$34.3M	Add +4.0%
MTB M & T Bank Corp. filed as M & T BK CORP	1.68%	191,894	$34.2M	Add +1.6%
CG The Carlyle Group Inc.	1.64%	771,300	$33.2M	Reduce -0.7%
SBH Sally Beauty Holdings Inc.	1.60%	2,396,529	$32.5M	Add +1.0%
NOV Nov Inc.	1.45%	1,845,553	$29.5M	Add +1.6%
CVS CVS Health Corp.	1.41%	454,800	$28.6M	Add +0.8%
LKQ LKQ Corp.	1.34%	680,300	$27.2M	Add +1.2%
EBC Eastern Bankshares Inc.	0.60%	741,366	$12.2M	Add +306.9%
DCOM Dime Commercial Bancshares I filed as DIME CMNTY BANCSHARES INC	0.58%	409,880	$11.8M	Add +0.2%
PFC Premier Financial Corp.	0.40%	346,783	$8.1M	Add +0.8%
OFG Ofg Bancorp	0.37%	167,800	$7.5M	Reduce -5.0%
SPFI South Plains Financial Inc.	0.26%	157,200	$5.3M	Reduce -5.7%
NBN Northeast Bank	0.18%	47,900	$3.7M	Add +76.1%
BBSI Barrett Business SVCS Inc.	0.14%	75,400	$2.8M	Reduce -18.0%
GPK Graphic Packaging Holding Co.	0.13%	91,600	$2.7M	No change
CW Curtiss-Wright Corp.	0.13%	7,800	$2.6M	Add +8.3%
CBT Cabot Corp.	0.12%	22,073	$2.5M	Reduce -13.7%
EXP Eagle Materials Inc.	0.12%	8,400	$2.4M	No change
VVX V2X Inc.	0.10%	37,600	$2.1M	No change
AIT Applied Industrial Tech Inc.	0.10%	9,300	$2.1M	Reduce -15.4%
CSL Carlisle Cos Inc.	0.10%	4,600	$2.1M	Add +15.0%
SBSI Southside Bancshares Inc.	0.10%	61,500	$2.1M	Add +42.4%
EVTC Evertec Inc.	0.10%	60,500	$2.1M	Add +21.5%
XRN Global Medical REIT Inc.	0.10%	206,000	$2.0M	Add +52.0%
BOKF Bok Financial Corporation	0.10%	19,464	$2.0M	Add +6.6%
MMS Maximus Inc.	0.10%	21,800	$2.0M	Add +31.3%
KFRC Kforce Inc.	0.10%	32,994	$2.0M	Add +11.9%
AL Sumisho Air Lease Corp. filed as AIR LEASE CORP	0.10%	44,400	$2.0M	Add +2.5%
EBF Ennis Inc.	0.10%	82,300	$2.0M	Add +13.7%
EPRT Essential Properties Realty	0.10%	58,200	$2.0M	New
IMKTA Ingles Markets Inc. Class A	0.10%	26,300	$2.0M	New
CBAN Colony Bankcorp	0.10%	124,479	$1.9M	Add +4.2%
FANG Diamondback Energy Inc.	0.09%	10,670	$1.8M	No change
HEES H&E Equipment Services Inc.	0.09%	37,000	$1.8M	Add +98.9%
HRMY Harmony Biosciences Holdings	0.09%	45,000	$1.8M	Add +57.9%
SSB Southstate Bank Corp.	0.08%	17,561	$1.7M	No change
EXEL Exelixis Inc.	0.08%	61,900	$1.6M	No change
PEBO Peoples Bancorp Inc.	0.07%	50,300	$1.5M	No change
BKE The Buckle Inc.	0.07%	33,500	$1.5M	No change
WNC Wabash National Corp.	0.07%	76,200	$1.5M	No change
CVI CVR Energy Inc.	0.07%	63,200	$1.5M	Add +83.7%
CSGS CSG Systems Intl Inc.	0.07%	29,800	$1.4M	Add +24.2%
WGO Winnebago Industries	0.07%	24,767	$1.4M	Add +7.4%
TBRG Trubridge Inc.	0.07%	116,150	$1.4M	Add +10.0%
AYI Acuity Inc.	0.07%	5,000	$1.4M	No change
KNX Knight-Swift Transportation	0.07%	25,394	$1.4M	Reduce -6.6%
BHB Bar Harbor Bankshares filed as BAR HBR BANKSHARES	0.07%	43,400	$1.3M	No change
SUPN Supernus Pharmaceuticals Inc.	0.07%	42,500	$1.3M	No change
DNOW Dnow Inc.	0.06%	101,700	$1.3M	No change
JBI Janus International Group Inc.	0.06%	122,000	$1.2M	Add +33.3%
RRX Regal Rexnord Corp.	0.06%	6,789	$1.1M	No change
PRDO Perdoceo Education Corp.	0.05%	43,500	$967K	Add +18.9%
CHCO City Holding Co. filed as CITY HLDG CO	0.05%	8,095	$950K	No change
FNB FNB Corp.	0.04%	61,980	$875K	No change
EEFT Euronet Worldwide Inc.	0.04%	8,300	$824K	Add +27.7%
KE Kimball Electronics Inc.	0.04%	40,045	$741K	Reduce -20.3%
BAP Credicorp Ltd.	0.03%	3,800	$688K	No change
INVX Innovex International Inc.	0.03%	45,800	$672K	Reduce -24.3%
INDB Independent Bank Corp.	0.03%	11,339	$670K	Add +48.4%
FSEA First Seacoast Bancorp Inc.	0.03%	70,637	$641K	Add +55.5%
CFSB CFSB Bancorp Inc.	0.01%	24,300	$168K	Add +143.0%

Portfolio Sells Q2 2024 → Q3 2024


LIN Linde PLC	Reduce -8.7%	9.49%	−0.91
JAZZ Jazz Pharmaceuticals PLC	Reduce -5.1%	7.17%	−0.70
MKSI MKS Inc.	Reduce -1.3%	1.90%	−0.61
BPOP Popular Inc.	Reduce -8.7%	8.45%	−0.43
CATC Cambridge Bancorp	Sold out	0.00%	−0.42
MSFT Microsoft Corp.	Reduce -3.1%	2.15%	−0.36
CROX Crocs Inc.	Reduce -1.8%	2.53%	−0.29
ELV Elevance Health Inc.	Reduce -0.8%	1.86%	−0.27
GD General Dynamics Corp.	Reduce -3.8%	2.04%	−0.17
HTGC Hercules Capital Inc.	Sold out	0.00%	−0.14
IBOC International Bancshares CRP	Reduce -1.9%	2.08%	−0.13
JPM JPMorgan Chase & Co.	Reduce -0.9%	2.24%	−0.12
WMB Williams Cos Inc.	Reduce -3.1%	2.31%	−0.10
UNH Unitedhealth Group Inc.	Reduce -8.1%	1.70%	−0.06
CG The Carlyle Group Inc.	Reduce -0.7%	1.64%	−0.04
UTHR United Therapeutics Corp.	Reduce -4.4%	2.51%	−0.03
INVX Innovex International Inc.	Reduce -24.3%	0.03%	−0.03
KE Kimball Electronics Inc.	Reduce -20.3%	0.04%	−0.02
BBSI Barrett Business SVCS Inc.	Reduce -18.0%	0.14%	−0.02
AIT Applied Industrial Tech Inc.	Reduce -15.4%	0.10%	−0.01
PCRX Pacira Biosciences Inc.	Sold out	0.00%	−0.01
KNX Knight-Swift Transportation	Reduce -6.6%	0.07%	−0.01
CBT Cabot Corp.	Reduce -13.7%	0.12%	−0.00
OFG Ofg Bancorp	Reduce -5.0%	0.37%	+0.02
SPFI South Plains Financial Inc.	Reduce -5.7%	0.26%	+0.02
NOMD Nomad Foods Ltd.	Reduce -1.2%	2.95%	+0.14
NEE Nextera Energy Inc.	Reduce -1.3%	2.09%	+0.16
INGR Ingredion Inc.	Reduce -0.2%	2.09%	+0.19
ALSN Allison Transmission Holding	Reduce -3.9%	2.82%	+0.30

Portfolio Buys Q2 2024 → Q3 2024


GLPI Gaming and Leisure Propertie	New	1.90%	+1.90
TGLS Tecnoglass Holdings Inc.	Add +1.0%	2.84%	+0.60
EBC Eastern Bankshares Inc.	Add +306.9%	0.60%	+0.46
SBH Sally Beauty Holdings Inc.	Add +1.0%	1.60%	+0.24
GILD Gilead Sciences Inc.	Add +1.5%	1.77%	+0.22
SAIC Science Applications Inte	Add +0.9%	1.79%	+0.16
MTB M & T Bank Corp.	Add +1.6%	1.68%	+0.15
ABBV Abbvie Inc.	Add +0.4%	2.29%	+0.13
DCOM Dime Commercial Bancshares I	Add +0.2%	0.58%	+0.13
EPRT Essential Properties Realty	New	0.10%	+0.10
IMKTA Ingles Markets Inc. Class A	New	0.10%	+0.10
NBN Northeast Bank	Add +76.1%	0.18%	+0.09
ARW Arrow Electronics Inc.	Add +4.0%	1.69%	+0.08
CB Chubb Ltd.	Add +0.6%	1.88%	+0.08
SLM SLM Corp.	Add +1.4%	1.87%	+0.05
HEES H&E Equipment Services Inc.	Add +98.9%	0.09%	+0.04
HRMY Harmony Biosciences Holdings	Add +57.9%	0.09%	+0.04
SBSI Southside Bancshares Inc.	Add +42.4%	0.10%	+0.04
XRN Global Medical REIT Inc.	Add +52.0%	0.10%	+0.03
CFR Cullen/Frost Bankers Inc.	Add +0.8%	1.75%	+0.03
WBS Webster Financial Corp.	Add +3.5%	1.76%	+0.03
PFC Premier Financial Corp.	Add +0.8%	0.40%	+0.02
MMS Maximus Inc.	Add +31.3%	0.10%	+0.02
CVI CVR Energy Inc.	Add +83.7%	0.07%	+0.02
CW Curtiss-Wright Corp.	Add +8.3%	0.13%	+0.02
CSGS CSG Systems Intl Inc.	Add +24.2%	0.07%	+0.02
CBAN Colony Bankcorp	Add +4.2%	0.10%	+0.02
CSL Carlisle Cos Inc.	Add +15.0%	0.10%	+0.02
EBF Ennis Inc.	Add +13.7%	0.10%	+0.01
EVTC Evertec Inc.	Add +21.5%	0.10%	+0.01
INDB Independent Bank Corp.	Add +48.4%	0.03%	+0.01
TBRG Trubridge Inc.	Add +10.0%	0.07%	+0.01
IPG Interpublic Group of Cos Inc.	Add +0.7%	1.72%	+0.01
BOKF Bok Financial Corporation	Add +6.6%	0.10%	+0.01
FSEA First Seacoast Bancorp Inc.	Add +55.5%	0.03%	+0.01
PRDO Perdoceo Education Corp.	Add +18.9%	0.05%	+0.01
CFSB CFSB Bancorp Inc.	Add +143.0%	0.01%	+0.00
EEFT Euronet Worldwide Inc.	Add +27.7%	0.04%	+0.00
WGO Winnebago Industries	Add +7.4%	0.07%	+0.00
KFRC Kforce Inc.	Add +11.9%	0.10%	+0.00
COF Capital One Financial Corp.	Add +0.6%	1.72%	+0.00
JBI Janus International Group Inc.	Add +33.3%	0.06%	−0.00
AL Sumisho Air Lease Corp.	Add +2.5%	0.10%	−0.01
NTRS Northern Trust Corp.	Add +0.6%	1.77%	−0.01
CVS CVS Health Corp.	Add +0.8%	1.41%	−0.02
TSN Tyson Foods Inc. Class A	Add +0.3%	1.87%	−0.08
LKQ LKQ Corp.	Add +1.2%	1.34%	−0.16
MPC Marathon Petroleum Corp.	Add +0.4%	1.70%	−0.26
NOV Nov Inc.	Add +1.6%	1.45%	−0.40

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