Polaris Capital Management, LLC
Sector Allocation
- Financials27.6%$263.4M
- Healthcare26.3%$250.4M
- Materials14.4%$137.3M
- Technology9.7%$92.4M
- Energy5.9%$56.3M
- Consumer Staples4.6%$43.9M
- Industrials4.1%$39.1M
- Consumer Discretionary3.7%$35.5M
- Utilities1.8%$16.7M
- Real Estate1.4%$13.0M
AUM History
13fpro.ai/research/fund/polaris-capital-management-llc-1316926
Conviction and streaks
Concentrating · top 10 = 48.9%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q3 2026
BPOP
$78.8MJAZZ
$74.2MSW
$65.7MLIN
$47.4MARW
$41.8MLNTH
$39.4MMPC
$34.2MCVS
$29.6MJPM
$28.6MUTHR
$26.5MSLM
$23.3MCYTK
$22.8MINGR
$20.9MIBOC
$20.9MCFR
$19.1MREGN
$19.0MADBE
$18.3MALSN
$17.6MG
$17.6MABBV
$17.4M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/polaris-capital-management-llc-1316926
Polaris Capital Management, LLC 13F holdings — Q3 2026
$953.4M portfolio (-10.2% QoQ) · 86 holdings · Q3 2026 13F · top 10 are 49% of the stock portfolio
$78.8M
8.3% of stocks
-4%This quarter-1.1%Since filed7+ qtrsHeldAIQuality69.4#258Est. buyEstimated buy price is Pro: unlock with a free trialTrimmed 6 qtrs in a row$74.2M
7.8% of stocks
-3%This quarter-3.0%Since filed7+ qtrsHeld$65.7M
6.9% of stocks
-9%This quarter+1.9%Since filed7+ qtrsHeld$47.4M
5.0% of stocks
+0.1%This quarter+1.4%Since filed7+ qtrsHeld$41.8M
4.4% of stocks
-6%This quarter-2.1%Since filed7+ qtrsHeldAIQuality56.7#1,133Est. buyEstimated buy price is Pro: unlock with a free trialTrimmed 4 qtrs in a row$39.4M
4.1% of stocks
-7%This quarter-0.3%Since filed5 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row$34.2M
3.6% of stocks
-7%This quarter+0.6%Since filed7+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 4 qtrs in a row$29.6M
3.1% of stocks
-5%This quarter-1.0%Since filed7+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 4 qtrs in a row$28.6M
3.0% of stocks
-4%This quarter-0.3%Since filed7+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row$26.5M
2.8% of stocks
-8%This quarter+5.2%Since filed7+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 6 qtrs in a row
All holdings — Polaris Capital Management, LLC (Q3 2026)
86 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | SLM Corp | Financials | $23.3M | 2.5% | 1.03M | -4% | 7+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | CYTOKINETICS INC | Healthcare | $22.8M | 2.4% | 346K | +30% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | Ingredion Inc | Consumer Staples | $20.9M | 2.2% | 219K | -3% | 7+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | INTERNATIONAL BANCSHARES CORP | Financials | $20.9M | 2.2% | 305K | -5% | 7+ qtrsTrimmed 6 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | CULLEN/FROST BANKERS, INC. | Financials | $19.1M | 2.0% | 125K | -6% | 7+ qtrsTrimmed 6 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | REGENERON PHARMACEUTICALS, INC. | Healthcare | $19.0M | 2.0% | 25K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | ADOBE INC. | Technology | $18.3M | 1.9% | 76K | -7% | 2 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | Allison Transmission Holdings Inc | Industrials | $17.6M | 1.9% | 156K | -6% | 7+ qtrsTrimmed 6 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | Genpact LTD | Technology | $17.6M | 1.9% | 541K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | AbbVie Inc. | Healthcare | $17.4M | 1.8% | 66K | -7% | 7+ qtrsTrimmed 6 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | Booking Holdings Inc. | Consumer Discretionary | $17.0M | 1.8% | 104K | -7% | 2 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | Chubb Ltd | Financials | $16.7M | 1.8% | 51K | -7% | 7+ qtrsTrimmed 4 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | Elevance Health, Inc. | Healthcare | $16.0M | 1.7% | 41K | -6% | 7+ qtrsTrimmed 4 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | EASTMAN CHEMICAL CO | Materials | $15.9M | 1.7% | 245K | -28% | 3 qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | GENERAL DYNAMICS CORP | Industrials | $15.7M | 1.6% | 47K | -5% | 7+ qtrsTrimmed 6 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $WMB | WILLIAMS COMPANIES, INC. | Energy | $15.6M | 1.6% | 230K | -7% | |||
| 27 | $MTB | M&T BANK CORP | Financials | $15.4M | 1.6% | 71K | -7% | |||
| 28 | $NEE | NEXTERA ENERGY INC | Utilities | $14.5M | 1.5% | 191K | -5% | |||
| 29 | $TSN | TYSON FOODS, INC. | Consumer Staples | $13.8M | 1.4% | 273K | -5% | |||
| 30 | $COF | CAPITAL ONE FINANCIAL CORP | Financials | $13.1M | 1.4% | 68K | -5% | |||
| 31 | $GLPI | Gaming & Leisure Properties, Inc. | Real Estate | $7.8M | 0.8% | 205K | -39% | |||
| 32 | $NOMD | Nomad Foods Ltd | Consumer Staples | $7.0M | 0.7% | 674K | -62% | |||
| 33 | $LKQ | LKQ CORP | Consumer Discretionary | $5.9M | 0.6% | 260K | -38% | |||
| 34 | — | NORTHEAST BANK - CommonStock | — | $5.5M | 0.6% | 44K | -3% | |||
| 35 | $OFG | OFG BANCORP | Financials | $5.4M | 0.6% | 108K | -0.6% | |||
| 36 | $SPFI | SOUTH PLAINS FINANCIAL, INC. | Financials | $5.0M | 0.5% | 121K | -4% | |||
| 37 | $HTB | HomeTrust Bancshares, Inc. | Financials | $4.7M | 0.5% | 103K | -4% | |||
| 38 | $CHCO | CITY HOLDING CO | Financials | $3.1M | 0.3% | 22K | — | |||
| 39 | $BHB | BAR HARBOR BANKSHARES | Financials | $3.1M | 0.3% | 80K | — | |||
| 40 | $BFST | Business First Bancshares, Inc. | Financials | $3.0M | 0.3% | 98K | — | |||
| 41 | $CBK | Commercial Bancgroup, Inc. | Financials | $2.9M | 0.3% | 94K | -1% | |||
| 42 | $PEBO | PEOPLES BANCORP INC | Financials | $2.9M | 0.3% | 80K | — | |||
| 43 | $SSB | SouthState Bank Corp | Financials | $2.9M | 0.3% | 29K | — | |||
| 44 | $INDB | INDEPENDENT BANK CORP | Financials | $2.7M | 0.3% | 35K | — | |||
| 45 | $PDD | PDD Holdings Inc. | Consumer Discretionary | $2.7M | 0.3% | 35K | +64% | |||
| 46 | $CVI | CVR ENERGY INC | Energy | $2.7M | 0.3% | 52K | -22% | |||
| 47 | $AVT | AVNET INC | Technology | $2.6M | 0.3% | 26K | -11% | |||
| 48 | $PLUS | EPLUS INC | Technology | $2.5M | 0.3% | 28K | — | |||
| 49 | $AIT | APPLIED INDUSTRIAL TECHNOLOGIES INC | Consumer Discretionary | $2.4M | 0.3% | 7,200 | — | |||
| 50 | $WAY | Waystar Holding Corp. | Technology | $2.4M | 0.3% | 94K | New | |||
| 51 | $LAUR | LAUREATE EDUCATION, INC. | Consumer Discretionary | $2.3M | 0.3% | 62K | — | |||
| 52 | $LMB | Limbach Holdings, Inc. | Industrials | $2.2M | 0.2% | 46K | New | |||
| 53 | $AYI | ACUITY INC. (DE) | Technology | $2.2M | 0.2% | 7,200 | — | |||
| 54 | $NTB | Bank of N.T. Butterfield & Son Ltd | Financials | $2.2M | 0.2% | 38K | -14% | |||
| 55 | $IMKTA | INGLES MARKETS INC | Consumer Staples | $2.2M | 0.2% | 26K | — | |||
| 56 | $VVX | V2X, Inc. | Technology | $2.2M | 0.2% | 31K | -7% | |||
| 57 | $BKH | BLACK HILLS CORP /SD/ | Utilities | $2.2M | 0.2% | 31K | +4% | |||
| 58 | $SBSI | SOUTHSIDE BANCSHARES INC | Financials | $2.1M | 0.2% | 70K | — | |||
| 59 | $BOKF | BOK FINANCIAL CORP | Financials | $2.1M | 0.2% | 17K | -5% | |||
| 60 | $NMIH | NMI Holdings, Inc. | Financials | $2.1M | 0.2% | 56K | — | |||
| 61 | $HNI | HNI CORP | Consumer Discretionary | $2.0M | 0.2% | 45K | — | |||
| 62 | $FANG | Diamondback Energy, Inc. | Energy | $2.0M | 0.2% | 11K | — | |||
| 63 | $ITRI | ITRON, INC. | Technology | $1.9M | 0.2% | 22K | — | |||
| 64 | $CVLG | COVENANT LOGISTICS GROUP, INC. | Industrials | $1.8M | 0.2% | 57K | -15% | |||
| 65 | $DNOW | DNOW Inc. | Energy | $1.8M | 0.2% | 118K | -10% | |||
| 66 | $CSL | CARLISLE COMPANIES INC | Materials | $1.8M | 0.2% | 5,544 | — | |||
| 67 | $CBT | CABOT CORP | Materials | $1.8M | 0.2% | 23K | -12% | |||
| 68 | $BBSI | BARRETT BUSINESS SERVICES INC | Industrials | $1.8M | 0.2% | 58K | +7% | |||
| 69 | $EXP | EAGLE MATERIALS INC | Materials | $1.6M | 0.2% | 9,600 | — | |||
| 70 | $BDC | BELDEN INC. | Materials | $1.6M | 0.2% | 15K | +3% | |||
| 71 | $PRDO | PERDOCEO EDUCATION Corp | Consumer Discretionary | $1.6M | 0.2% | 51K | -17% | |||
| 72 | $BKE | BUCKLE INC | Consumer Discretionary | $1.5M | 0.2% | 35K | -25% | |||
| 73 | $PECO | Phillips Edison & Company, Inc. | Real Estate | $1.4M | 0.1% | 39K | -26% | |||
| 74 | $AUGO | Aura Minerals Inc. | Materials | $1.4M | 0.1% | 18K | +17% | |||
| 75 | $NTST | NETSTREIT Corp. | Real Estate | $1.4M | 0.1% | 79K | -33% | |||
| 76 | $AVBC | Avidia Bancorp, Inc. | Financials | $1.4M | 0.1% | 63K | — | |||
| 77 | $HRMY | Harmony Biosciences Holdings, Inc. | Healthcare | $1.3M | 0.1% | 34K | -6% | |||
| 78 | $EXEL | EXELIXIS, INC. | Healthcare | $1.3M | 0.1% | 23K | -14% | |||
| 79 | $HCI | HCI Group, Inc. | Financials | $1.2M | 0.1% | 7,000 | New | |||
| 80 | $SBRA | Sabra Health Care REIT, Inc. | Real Estate | $1.2M | 0.1% | 61K | -46% | |||
| 81 | $EPRT | ESSENTIAL PROPERTIES REALTY TRUST, INC. | Real Estate | $1.2M | 0.1% | 45K | -34% | |||
| 82 | $AMPH | Amphastar Pharmaceuticals, Inc. | Healthcare | $1.1M | 0.1% | 43K | — | |||
| 83 | $SUPN | SUPERNUS PHARMACEUTICALS, INC. | Healthcare | $968K | 0.1% | 23K | — | |||
| 84 | $PRGS | PROGRESS SOFTWARE CORP /MA | Technology | $935K | 0.1% | 23K | — | |||
| 85 | $ANIP | ANI PHARMACEUTICALS INC | Healthcare | $777K | 0.1% | 11K | -31% | |||
| 86 | $BAP | CREDICORP LTD | Financials | $570K | 0.1% | 1,500 | -12% |
What changed in Q3 2026
Against the previous quarter's 13F: 5 new, 7 added to, 52 trimmed, 3 sold out. Share-count changes; largest moves by dollar size first.
New positions (5)
Added to (7)
now $22.8M · held 2 qtrs, 2 adds in a row
$PDDPDD Holdings Inc.+64%
now $2.7M · held 4 qtrs, 4 adds in a row
$AUGOAura Minerals Inc.+17%
now $1.4M · held 2 qtrs, 2 adds in a row
$BBSIBARRETT BUSINESS SERVICES INC+7%
now $1.8M · held 7+ qtrs, 2 adds in a row
$BKHBLACK HILLS CORP /SD/+4%
now $2.2M · held 5 qtrs
$BDCBELDEN INC.+3%
now $1.6M · held 2 qtrs, 2 adds in a row
+1 more in the Excel export
Trimmed (52)
$NOMDNomad Foods Ltd-62%
now $7.0M · held 7+ qtrs, 4 trims in a row
now $65.7M · held 7+ qtrs
$EMNEASTMAN CHEMICAL CO-28%
now $15.9M · held 3 qtrs, 2 trims in a row
$GLPIGaming & Leisure Properties, Inc.-39%
now $7.8M · held 7+ qtrs, 2 trims in a row
$LKQLKQ CORP-38%
now $5.9M · held 7+ qtrs, 3 trims in a row
now $78.8M · held 7+ qtrs, 6 trims in a row
+46 more in the Excel export
Holdings by quarter
Every 13F Polaris Capital Management, LLC has filed, 38 earlier quarters. Pick one to see what it held then.
Is it too late to follow Polaris Capital Management?
Q3 2026 13F filed with the SEC on Oct 21, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of Polaris Capital Management's top 20 holdings: 62/100 (our AI quality score, weighted by position size; 16 of the 20 are scored)
Top 10 since filing
-0.2%
Value-weighted move of the 10 largest stock positions
Turnover
5%
Last quarter; 18% over the last 4
Top 10 weight
49%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
87%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2025 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Polaris Capital Management, LLC disclosed 86 positions worth $953.4M in its Form 13F-HR for Q3 2026, led by $BPOP (POPULAR, INC.) at 8.3% of the equity portfolio, followed by $JAZZ and $SW. During the quarter the fund opened 5 new positions and exited 3 — including a new stake in $REGN and a full exit from $WBS. The portfolio is most concentrated in Financials (27.6% of disclosed assets). All figures are sourced directly from Polaris Capital Management, LLC’s Form 13F-HR filing with the SEC under CIK 1316926.
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AI-Powered Hedge Fund Analysis: Polaris Capital Management, LLC
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Every holding in Polaris Capital Management, LLC's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.