Polaris Capital Management, LLC

13F filer · CIK 0001316926

Reported Jul 27, 2026

Net seller this quarter

13F portfolio value$1.06BU.S. long equity reported on 13F

Positions846 new · 6 closed

Net flow last quarter-$334MBuys minus sells

Top 10 positions weight47.7%Concentration

Holdings

13F · last 4 quarters free

Scroll for earlier quarters

Company	Value	% of portfolio	% of company	POSITION CHANGE qoq %	First reported
Q2 2026Reported Jul 27, 202684 positions
BPOPPopular, Inc.	$86.9M	8.19%	0.83%	-18.3%	Q3 2016
JAZZJazz Pharmaceuticals plc	$79.3M	7.47%	0.52%	-20.8%	Q2 2021
SWSmurfit Westrock plc	$75.7M	7.13%	0.31%	+19.7%	Q4 2024
LINLinde PLC	$51.7M	4.88%	0.02%	-20.0%	Q4 2019
LNTHLantheus Holdings, Inc.	$47.1M	4.44%	0.65%	-31.2%	Q3 2025
ARWArrow Electronics, Inc.	$41.8M	3.93%	0.38%	-31.7%	Q1 2020
CVSCVS HEALTH Corp	$37.8M	3.56%	0.03%	-29.5%	Q4 2020
JPMJPMorgan Chase & Co	$29.6M	2.78%	0.00%	-23.2%	Q3 2016
UTHRUNITED THERAPEUTICS Corp	$29M	2.73%	0.13%	-44.7%	Q1 2021
SLMSLM Corp	$28M	2.63%	0.57%	-24.6%	Q2 2022
IBOCInternational Bancshares Corp	$24.4M	2.30%	0.52%	-30.7%	Q4 2014
MPCMarathon Petroleum Corp	$23.9M	2.25%	0.03%	-40.0%	Q4 2014
EMNEastman Chemical Co	$22.8M	2.15%	0.30%	-27.8%	Q1 2026
CYTKCytokinetics Inc	$22.7M	2.14%	0.21%	New	Q2 2026
INGRIngredion Inc	$21.4M	2.02%	0.36%	-1.4%	Q3 2020
WBSWebster Financial Corp	$21.1M	1.99%	0.17%	-43.8%	Q4 2014
CFRCullen/Frost Bankers, Inc.	$20.6M	1.94%	0.21%	-34.7%	Q2 2023
BKNGBooking Holdings Inc.	$20M	1.88%	0.01%	New	Q2 2026
NOMDNomad Foods Ltd	$19.5M	1.84%	1.25%	-15.2%	Q2 2022
GILDGilead Sciences, Inc.	$19.4M	1.82%	0.01%	-39.2%	Q3 2022
CBChubb Ltd	$18.8M	1.77%	0.01%	-36.4%	Q4 2014
ALSNAllison Transmission Holdings Inc	$18.6M	1.75%	0.20%	-36.2%	Q2 2022
WMBWilliams Companies, Inc.	$18.5M	1.74%	0.02%	-37.6%	Q4 2020
MTBM&T Bank Corp	$18.2M	1.71%	0.05%	-37.7%	Q1 2020
ABBVAbbVie Inc.	$17.9M	1.69%	0.00%	-38.9%	Q2 2020
NEENextera Energy Inc	$17.7M	1.67%	0.01%	-30.8%	Q4 2014
GDGeneral Dynamics Corp	$17.7M	1.67%	0.02%	-42.9%	Q4 2014
ELVElevance Health, Inc.	$16.9M	1.60%	0.02%	-38.8%	Q4 2014
ADBEAdobe Inc.	$16.9M	1.59%	0.02%	New	Q2 2026
TSNTyson Foods, Inc.	$16.5M	1.56%	Not reported	-36.1%	Q2 2017
GLPIGaming & Leisure Properties, Inc.	$14.9M	1.41%	0.12%	-38.0%	Q3 2024
COFCapital One Financial Corp	$14.3M	1.35%	0.01%	-37.3%	Q3 2015
LKQLKQ Corp	$11.1M	1.04%	0.17%	-38.4%	Q1 2024
NBNNortheast Bancorp	$6.07M	0.57%	Not reported	-1.7%	Q3 2023
SPFISouth Plains Financial, Inc.	$5.43M	0.51%	0.67%	+11.1%	Q2 2019
HTBHomeTrust Bancshares, Inc.	$5.37M	0.51%	0.64%	+2.6%	Q4 2024
OFGOfg Bancorp	$5.3M	0.50%	0.26%	+0.1%	Q3 2016
CBKCommercial Bancgroup, Inc.	$3.07M	0.29%	0.69%	+35.1%	Q4 2025
PEBOPeoples Bancorp Inc	$3.07M	0.29%	0.22%	+23.3%	Q4 2014
BFSTBusiness First Bancshares, Inc.	$3.02M	0.28%	0.33%	+19.2%	Q1 2025
BHBBar Harbor Bankshares	$3.02M	0.28%	0.48%	+14.1%	Q1 2018
CVLGCovenant Logistics Group, Inc.	$2.97M	0.28%	Not reported	-12.0%	Q1 2025
CHCOCity Holding Co	$2.96M	0.28%	0.16%	+16.8%	Q4 2014
INDBIndependent Bank Corp	$2.95M	0.28%	0.07%	+8.6%	Q4 2014
SSBSouthState Bank Corp	$2.91M	0.27%	0.03%	+13.2%	Q4 2017
AYIAcuity Inc. (De)	$2.71M	0.26%	0.02%	+16.1%	Q3 2023
AVTAvnet Inc	$2.6M	0.25%	0.04%	-9.0%	Q1 2016
NTBBank of N.T. Butterfield & Son Ltd	$2.6M	0.24%	0.11%	-4.2%	Q4 2024
NTSTNETSTREIT Corp.	$2.51M	0.24%	0.12%	+9.9%	Q4 2024
SBSISouthside Bancshares Inc	$2.47M	0.23%	0.24%	+11.5%	Q2 2023

Q1 2026Reported Apr 27, 202684 positions
BPOPPopular, Inc.	$87M	7.12%	1.00%	-5.0%	Q3 2016
JAZZJazz Pharmaceuticals plc	$78.5M	6.42%	0.67%	-4.0%	Q2 2021
LINLinde PLC	$61.8M	5.05%	0.03%	-7.0%	Q4 2019
UTHRUNITED THERAPEUTICS Corp	$57.3M	4.69%	0.23%	-6.8%	Q1 2021
SWSmurfit Westrock plc	$54.5M	4.46%	0.26%	-5.6%	Q4 2024
LNTHLantheus Holdings, Inc.	$46.8M	3.83%	0.95%	+14.7%	Q3 2025
ARWArrow Electronics, Inc.	$41.1M	3.36%	0.56%	-3.0%	Q1 2020
MPCMarathon Petroleum Corp	$38.1M	3.11%	0.05%	-4.9%	Q4 2014
CVSCVS HEALTH Corp	$37.2M	3.04%	0.04%	-1.5%	Q4 2020
EMNEastman Chemical Co	$36M	2.94%	0.41%	New	Q1 2026
GILDGilead Sciences, Inc.	$35.1M	2.88%	0.02%	-4.9%	Q3 2022
JPMJPMorgan Chase & Co	$34.6M	2.83%	0.00%	+0.3%	Q3 2016
WBSWebster Financial Corp	$34.2M	2.80%	0.30%	-4.7%	Q4 2014
IBOCInternational Bancshares Corp	$31.2M	2.55%	0.74%	-3.0%	Q4 2014
MKSIMKS Inc	$31M	2.53%	0.20%	-49.2%	Q1 2020
SLMSLM Corp	$30.6M	2.50%	0.76%	+14.7%	Q2 2022
ALSNAllison Transmission Holdings Inc	$30.3M	2.48%	0.31%	-3.7%	Q2 2022
GDGeneral Dynamics Corp	$30M	2.45%	0.03%	-2.4%	Q4 2014
WMBWilliams Companies, Inc.	$29M	2.38%	0.03%	-3.1%	Q4 2020
TSNTyson Foods, Inc.	$28.9M	2.37%	Not reported	-4.4%	Q2 2017
CBChubb Ltd	$28.2M	2.31%	0.02%	-5.1%	Q4 2014
CFRCullen/Frost Bankers, Inc.	$28M	2.29%	0.32%	-4.9%	Q2 2023
NEENextera Energy Inc	$27.1M	2.22%	0.01%	-5.7%	Q4 2014
INGRIngredion Inc	$25.9M	2.12%	0.36%	+3.6%	Q3 2020
ABBVAbbVie Inc.	$25.4M	2.08%	0.01%	-2.6%	Q2 2020
MTBM&T Bank Corp	$25.3M	2.07%	0.08%	-2.7%	Q1 2020
GLPIGaming & Leisure Properties, Inc.	$24M	1.96%	0.19%	+6.9%	Q3 2024
ELVElevance Health, Inc.	$21M	1.72%	0.03%	-3.1%	Q4 2014
COFCapital One Financial Corp	$20.7M	1.70%	0.02%	-1.2%	Q3 2015
NOMDNomad Foods Ltd	$20.2M	1.65%	1.48%	-9.7%	Q2 2022
LKQLKQ Corp	$20.1M	1.64%	0.27%	-3.5%	Q1 2024
NBNNortheast Bancorp	$5.24M	0.43%	Not reported	-1.9%	Q3 2023
SPFISouth Plains Financial, Inc.	$4.75M	0.39%	0.69%	-6.3%	Q2 2019
HTBHomeTrust Bancshares, Inc.	$4.48M	0.37%	0.62%	Not reported	Q4 2024
OFGOfg Bancorp	$4.37M	0.36%	0.26%	Not reported	Q3 2016
LAURLaureate Education, Inc.	$2.5M	0.20%	0.05%	Not reported	Q1 2025
INDBIndependent Bank Corp	$2.44M	0.20%	0.07%	Not reported	Q4 2014
IMKTAIngles Markets Inc	$2.43M	0.20%	Not reported	-16.4%	Q3 2024
NTBBank of N.T. Butterfield & Son Ltd	$2.39M	0.20%	0.11%	Not reported	Q4 2024
SSBSouthState Bank Corp	$2.38M	0.20%	0.03%	Not reported	Q4 2017
VVXV2X, Inc.	$2.34M	0.19%	0.11%	+1.2%	Q1 2020
BKHBlack Hills Corp	$2.34M	0.19%	0.04%	Not reported	Q3 2025
BOKFBok Financial Corp	$2.33M	0.19%	0.03%	Not reported	Q4 2018
CHCOCity Holding Co	$2.28M	0.19%	0.13%	-8.2%	Q4 2014
BHBBar Harbor Bankshares	$2.27M	0.19%	0.42%	Not reported	Q1 2018
PRDOPERDOCEO EDUCATION Corp	$2.25M	0.18%	0.10%	Not reported	Q1 2021
CVICVR Energy Inc	$2.25M	0.18%	0.07%	Not reported	Q1 2021
EBFEnnis, Inc.	$2.25M	0.18%	0.42%	Not reported	Q3 2022
BFSTBusiness First Bancshares, Inc.	$2.23M	0.18%	0.28%	Not reported	Q1 2025
CBTCabot Corp	$2.14M	0.18%	0.06%	+19.8%	Q4 2018

Q4 2025Reported Jan 29, 202689 positions
BPOPPopular, Inc.	$85M	7.05%	1.04%	-23.0%	Q3 2016
JAZZJazz Pharmaceuticals plc	$73.5M	6.10%	0.70%	-15.8%	Q2 2021
LINLinde PLC	$57.1M	4.74%	0.03%	-20.5%	Q4 2019
SWSmurfit Westrock plc	$56M	4.64%	0.28%	-16.9%	Q4 2024
UTHRUNITED THERAPEUTICS Corp	$50.5M	4.19%	0.24%	-15.1%	Q1 2021
MKSIMKS Inc	$42.4M	3.51%	0.39%	-33.9%	Q1 2020
CVSCVS HEALTH Corp	$41.7M	3.46%	0.04%	-12.8%	Q4 2020
JPMJPMorgan Chase & Co	$37.8M	3.13%	0.00%	-14.1%	Q3 2016
LNTHLantheus Holdings, Inc.	$35.8M	2.97%	0.83%	-15.6%	Q3 2025
SLMSLM Corp	$33.7M	2.80%	0.61%	-11.7%	Q2 2022
ARWArrow Electronics, Inc.	$32.5M	2.70%	0.57%	-12.3%	Q1 2020
GILDGilead Sciences, Inc.	$32.5M	2.70%	0.02%	-15.1%	Q3 2022
WBSWebster Financial Corp	$32.5M	2.70%	0.32%	-15.0%	Q4 2014
IBOCInternational Bancshares Corp	$31.7M	2.63%	0.77%	-12.6%	Q4 2014
GDGeneral Dynamics Corp	$30.1M	2.50%	0.03%	-13.9%	Q4 2014
NOMDNomad Foods Ltd	$29.1M	2.42%	1.64%	-32.3%	Q2 2022
CBChubb Ltd	$28.4M	2.36%	0.02%	-14.0%	Q4 2014
COFCapital One Financial Corp	$27.9M	2.31%	0.02%	-15.8%	Q3 2015
TSNTyson Foods, Inc.	$27.7M	2.30%	Not reported	-13.1%	Q2 2017
ABBVAbbVie Inc.	$27.4M	2.27%	0.01%	-15.6%	Q2 2020
CFRCullen/Frost Bankers, Inc.	$27.2M	2.25%	0.34%	-13.5%	Q2 2023
MPCMarathon Petroleum Corp	$26.7M	2.21%	0.05%	-15.6%	Q4 2014
ALSNAllison Transmission Holdings Inc	$26.3M	2.18%	0.32%	-11.4%	Q2 2022
ELVElevance Health, Inc.	$25.9M	2.15%	0.03%	-11.9%	Q4 2014
MTBM&T Bank Corp	$25.4M	2.11%	0.08%	-15.1%	Q1 2020
SBHSally Beauty Holdings, Inc.	$24.9M	2.07%	1.79%	-15.2%	Q2 2022
NEENextera Energy Inc	$24.8M	2.06%	0.01%	-17.0%	Q4 2014
WMBWilliams Companies, Inc.	$24.7M	2.05%	0.03%	-14.2%	Q4 2020
INGRIngredion Inc	$24.4M	2.03%	0.35%	-7.9%	Q3 2020
GLPIGaming & Leisure Properties, Inc.	$22.6M	1.87%	0.18%	-11.4%	Q3 2024
LKQLKQ Corp	$21.4M	1.77%	0.28%	+1.7%	Q1 2024
UNHUnitedhealth Group Inc	$14.8M	1.22%	0.00%	-9.3%	Q4 2014
NBNNortheast Bancorp	$4.94M	0.41%	Not reported	-3.5%	Q3 2023
SPFISouth Plains Financial, Inc.	$4.69M	0.39%	0.74%	-8.0%	Q2 2019
HTBHomeTrust Bancshares, Inc.	$4.51M	0.37%	0.61%	Not reported	Q4 2024
OFGOfg Bancorp	$4.43M	0.37%	0.25%	-3.7%	Q3 2016
CHCOCity Holding Co	$2.48M	0.21%	0.14%	-9.2%	Q4 2014
SSBSouthState Bank Corp	$2.42M	0.20%	0.03%	-9.2%	Q4 2017
LAURLaureate Education, Inc.	$2.42M	0.20%	0.05%	-4.7%	Q1 2025
INDBIndependent Bank Corp	$2.37M	0.20%	0.07%	Not reported	Q4 2014
BKHBlack Hills Corp	$2.34M	0.19%	0.04%	-7.4%	Q3 2025
PLUSEplus Inc	$2.29M	0.19%	0.10%	-14.7%	Q1 2025
NTBBank of N.T. Butterfield & Son Ltd	$2.27M	0.19%	0.11%	+3.6%	Q4 2024
IMKTAIngles Markets Inc	$2.21M	0.18%	Not reported	Not reported	Q3 2024
BHBBar Harbor Bankshares	$2.17M	0.18%	0.42%	+11.6%	Q1 2018
BFSTBusiness First Bancshares, Inc.	$2.15M	0.18%	0.28%	+7.0%	Q1 2025
BOKFBok Financial Corp	$2.15M	0.18%	0.03%	Not reported	Q4 2018
PECOPhillips Edison & Company, Inc.	$2.12M	0.18%	0.05%	Not reported	Q2 2025
CBKCommercial Bancgroup, Inc.	$2.05M	0.17%	0.61%	New	Q4 2025
NTSTNETSTREIT Corp.	$2.05M	0.17%	0.12%	Not reported	Q4 2024

Q3 2025Reported Oct 27, 202590 positions
BPOPPopular, Inc.	$113M	7.40%	1.32%	-7.6%	Q3 2016
VIPSVipshop Holdings Ltd	$99.5M	6.54%	0.45%	-9.4%	Q4 2024
LINLinde PLC	$80M	5.26%	0.04%	+0.1%	Q4 2019
SWSmurfit Westrock plc	$74.2M	4.87%	0.33%	-2.0%	Q4 2024
JAZZJazz Pharmaceuticals plc	$67.7M	4.45%	0.85%	-19.0%	Q2 2021
UTHRUNITED THERAPEUTICS Corp	$51.2M	3.36%	0.28%	-4.4%	Q1 2021
MKSIMKS Inc	$49.7M	3.26%	0.60%	+11.0%	Q1 2020
CVSCVS HEALTH Corp	$45.4M	2.99%	0.05%	+23.7%	Q4 2020
NOMDNomad Foods Ltd	$45.3M	2.97%	2.21%	+138.8%	Q2 2022
JPMJPMorgan Chase & Co	$43M	2.83%	0.01%	-9.5%	Q3 2016
ARWArrow Electronics, Inc.	$40.8M	2.68%	0.65%	+19.4%	Q1 2020
SLMSLM Corp	$39.1M	2.57%	0.70%	-3.4%	Q2 2022
IBOCInternational Bancshares Corp	$37.5M	2.47%	0.88%	-4.8%	Q4 2014
MPCMarathon Petroleum Corp	$37.5M	2.46%	0.06%	+9.3%	Q4 2014
CGCarlyle Group Inc.	$36.3M	2.38%	0.16%	-7.8%	Q2 2022
WBSWebster Financial Corp	$36.1M	2.37%	0.37%	-2.7%	Q4 2014
GDGeneral Dynamics Corp	$35.4M	2.33%	0.04%	-5.8%	Q4 2014
GILDGilead Sciences, Inc.	$34.7M	2.28%	0.03%	-3.9%	Q3 2022
SBHSally Beauty Holdings, Inc.	$33.5M	2.20%	2.10%	-2.7%	Q2 2022
ABBVAbbVie Inc.	$32.9M	2.16%	0.01%	-7.0%	Q2 2020
LNTHLantheus Holdings, Inc.	$32.7M	2.15%	0.89%	New	Q3 2025
CFRCullen/Frost Bankers, Inc.	$31.4M	2.07%	0.39%	-2.4%	Q2 2023
WMBWilliams Companies, Inc.	$30.4M	2.00%	0.04%	-2.7%	Q4 2020
CBChubb Ltd	$29.9M	1.97%	0.03%	+1.4%	Q4 2014
TSNTyson Foods, Inc.	$29.5M	1.94%	Not reported	+20.4%	Q2 2017
INGRIngredion Inc	$29.4M	1.93%	0.38%	+1.1%	Q3 2020
MTBM&T Bank Corp	$29.3M	1.93%	0.10%	-0.8%	Q1 2020
COFCapital One Financial Corp	$29.1M	1.91%	0.02%	-4.7%	Q3 2015
NEENextera Energy Inc	$28.1M	1.85%	0.02%	-3.9%	Q4 2014
ELVElevance Health, Inc.	$27.1M	1.78%	0.04%	+37.3%	Q4 2014
GLPIGaming & Leisure Properties, Inc.	$26.6M	1.75%	0.20%	-4.6%	Q3 2024
ALSNAllison Transmission Holdings Inc	$25.7M	1.69%	0.36%	-1.8%	Q2 2022
LKQLKQ Corp	$21.2M	1.40%	0.27%	+11.4%	Q1 2024
UNHUnitedhealth Group Inc	$17M	1.12%	0.01%	-2.4%	Q4 2014
SPFISouth Plains Financial, Inc.	$5.08M	0.33%	0.81%	-2.3%	Q2 2019
NBNNortheast Bancorp	$4.93M	0.32%	Not reported	-3.2%	Q3 2023
OFGOfg Bancorp	$4.88M	0.32%	0.25%	Not reported	Q3 2016
HTBHomeTrust Bancshares, Inc.	$4.3M	0.28%	0.60%	-7.3%	Q4 2024
CHCOCity Holding Co	$2.84M	0.19%	0.16%	Not reported	Q4 2014
SSBSouthState Bank Corp	$2.8M	0.18%	0.03%	Not reported	Q4 2017
CVICVR Energy Inc	$2.44M	0.16%	0.07%	Not reported	Q1 2021
LAURLaureate Education, Inc.	$2.37M	0.16%	0.05%	-7.4%	Q1 2025
PRDOPERDOCEO EDUCATION Corp	$2.28M	0.15%	0.09%	Not reported	Q1 2021
IMKTAIngles Markets Inc	$2.25M	0.15%	Not reported	-0.9%	Q3 2024
INDBIndependent Bank Corp	$2.24M	0.15%	0.07%	Not reported	Q4 2014
BKHBlack Hills Corp	$2.24M	0.15%	0.05%	New	Q3 2025
EVTCEVERTEC, Inc.	$2.19M	0.14%	0.10%	+20.0%	Q3 2016
PLUSEplus Inc	$2.17M	0.14%	0.12%	Not reported	Q1 2025
NTSTNETSTREIT Corp.	$2.09M	0.14%	0.14%	-7.6%	Q4 2024
CBANColony Bankcorp Inc	$2.08M	0.14%	0.70%	Not reported	Q4 2014

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