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Polaris Capital Management, LLC

121 HIGH STREET, BOSTON, MA 02110-2475 • 617-951-1365

Q4 2025 · Filed 2026-01-29
Market Value
$1.1B
-21.0%
Holdings
90
-3
New Purchases
3
Added To
14
Closed
4
Reduced
39
Top 10 Concentration
43.7%
Turnover
7.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
JAZZ 6.56% 4.77% +1.79% $74M
UTHR 4.51% 3.61% +0.90% $51M
LNTH 3.20% 2.31% +0.89% $36M
ALSN 2.35% 1.81% +0.53% $26M
CVS 3.72% 3.20% +0.52% $42M
GILD 2.90% 2.45% +0.46% $33M
CB 2.54% 2.11% +0.43% $28M
LKQ 1.91% 1.50% +0.41% $21M
ANTM 2.31% 1.91% +0.40% $26M
TSN 2.47% 2.08% +0.39% $28M
WBS 2.90% 2.55% +0.35% $32M
JPM 3.37% 3.04% +0.34% $38M
MKSI 3.78% 3.50% +0.28% $42M
SLM 3.01% 2.76% +0.25% $34M
NEE 2.22% 1.98% +0.23% $25M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VIPS 0.00% 7.02% -7.02% $0
CG 0.00% 2.56% -2.56% $0
NOMD 2.60% 3.19% -0.59% $29M
LIN 5.09% 5.64% -0.55% $57M
BPOP 7.58% 7.94% -0.36% $85M
MPC 2.38% 2.64% -0.26% $27M
CBAN 0.00% 0.15% -0.15% $0
SBH 2.22% 2.37% -0.14% $25M
CSGS 0.00% 0.13% -0.13% $0
CVI 0.15% 0.17% -0.02% $2M
PRGS 0.12% 0.14% -0.02% $1M
PRDO 0.16% 0.16% -0.00% $2M
GPK 0.08% 0.08% -0.00% $884K

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 30.0%
Healthcare 26.8%
Basic Materials 8.9%
Consumer Defensive 7.2%
Technology 6.7%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 4 $137M 12.2%
Large Cap 23 $549M 49.0%
Mid Cap 35 $329M 29.3%
Small Cap 28 $106M 9.4%

Portfolio Analytics

Avg Market Cap
$37.8B
Median Market Cap
$4.4B
Avg P/E
24.0
Median P/E
14.8
Avg Dividend Yield
0.02%
Avg Beta
0.75
# Stocks
90
# ETFs / Funds
0

Top Holdings (90 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 BPOP 7.58% 682,330 $85M $124.52 -$28M -204,200 -23.0%
2 JAZZ 6.56% 432,466 $74M $170.00 $6M -81,000 -15.8%
3 LIN 5.09% 133,883 $57M $426.39 -$23M -34,486 -20.5%
4 UTHR 4.51% 103,650 $51M $487.25 -$661K -18,400 -15.1%
5 MKSI 3.78% 265,100 $42M $159.80 -$7M -136,200 -33.9%
6 CVS 3.72% 525,300 $42M $79.36 -$4M -77,300 -12.8%
7 JPM 3.37% 117,255 $38M $322.22 -$5M -19,200 -14.1%
8 LNTH 3.20% 538,000 $36M $66.55 $3M -99,300 -15.6%
9 SLM 3.01% 1,245,600 $34M $27.06 -$5M -165,700 -11.7%
10 ARW 2.90% 295,403 $33M $110.18 -$8M -41,500 -12.3%
11 GILD 2.90% 265,100 $33M $122.74 -$2M -47,300 -15.1%
12 WBS 2.90% 516,201 $32M $62.94 -$4M -90,900 -15.0%
13 IBOC 2.83% 477,304 $32M $66.44 -$6M -68,700 -12.6%
14 GD 2.69% 89,454 $30M $336.66 -$5M -14,400 -13.9%
15 NOMD 2.60% 2,329,600 $29M $12.51 -$16M -1,112,300 -32.3%
16 CB 2.54% 91,125 $28M $312.12 -$1M -14,824 -14.0%
17 TSN 2.47% 472,248 $28M $58.62 -$2M -71,000 -13.1%
18 ABBV 2.44% 119,777 $27M $228.49 -$5M -22,167 -15.6%
19 CFR 2.42% 214,500 $27M $126.63 -$4M -33,400 -13.5%
20 MPC 2.38% 163,932 $27M $162.63 -$11M -30,400 -15.6%
21 ALSN 2.35% 268,600 $26M $97.90 $569K -34,500 -11.4%
22 ANTM 2.31% 73,941 $26M $350.55 -$1M -10,000 -11.9%
23 MTB 2.27% 125,994 $25M $201.48 -$4M -22,400 -15.1%
24 SBH 2.22% 1,747,829 $25M $14.26 -$9M -312,200 -15.2%
25 NEE 2.22% 309,276 $25M $80.28 -$3M -63,236 -17.0%
26 WMB 2.21% 411,500 $25M $60.11 -$6M -68,200 -14.2%
27 INGR 2.18% 221,700 $24M $110.26 -$5M -19,100 -7.9%
28 GLPI 2.02% 505,300 $23M $44.69 -$4M -65,300 -11.4%
29 LKQ 1.91% 707,500 $21M $30.20 $120K +11,800 +1.7%
30 UNH 1.32% 44,712 $15M $330.11 -$2M -4,600 -9.3%
31 NBN 0.44% 47,500 $5M $103.93 $9K -1,700 -3.5%
32 SPFI 0.42% 121,000 $5M $38.80 -$388K -10,500 -8.0%
33 HTB 0.40% 105,000 $5M $42.94 $210K
34 OFG 0.39% 108,000 $4M $40.98 -$449K -4,100 -3.7%
35 CHCO 0.22% 20,795 $2M $119.20 -$357K -2,100 -9.2%
36 SSB 0.22% 25,761 $2M $94.11 -$380K -2,600 -9.2%
37 LAUR 0.22% 71,800 $2M $33.67 $43K -3,500 -4.7%
38 INDB 0.21% 32,439 $2M $73.08 $127K
39 BKH 0.21% 33,700 $2M $69.42 $98K -2,700 -7.4%
40 PLUS 0.20% 26,100 $2M $87.70 $116K -4,500 -14.7%
41 NTB 0.20% 45,600 $2M $49.82 $383K +1,600 +3.6%
42 IMKTA 0.20% 32,283 $2M $68.55 -$33K
43 BHB 0.19% 70,000 $2M $31.05 $264K +7,300 +11.6%
44 BFST 0.19% 82,400 $2M $26.14 $336K +5,400 +7.0%
45 BOKF 0.19% 18,164 $2M $118.46 $128K
46 PECO 0.19% 59,600 $2M $35.57 $74K
47 CBK 0.18% 83,500 $2M $24.56 +83,500 NEW
48 NTST 0.18% 116,000 $2M $17.64 -$49K
49 PEBO 0.17% 64,700 $2M $30.03 $3K
50 SBRA 0.17% 101,400 $2M $18.94 $30K
51 EBF 0.17% 105,100 $2M $18.01 -$28K
52 SBSI 0.17% 62,227 $2M $30.39 $154K +727 +1.2%
53 EVTC 0.17% 64,700 $2M $29.09 -$303K
54 VVX 0.16% 33,800 $2M $54.55 -$120K
55 ANF 0.16% 14,400 $2M $125.87 $743K +1,900 +15.2%
56 EPRT 0.16% 60,700 $2M $29.66 -$6K
57 AIT 0.16% 7,000 $2M $256.77 -$30K
58 PRDO 0.16% 60,600 $2M $29.33 -$505K
59 AVT 0.15% 35,600 $2M $48.08 -$150K
60 CVI 0.15% 67,000 $2M $25.44 -$740K
61 AYI 0.15% 4,700 $2M $360.04 $74K
62 FANG 0.14% 10,670 $2M $150.33 $77K
63 CBT 0.14% 23,773 $2M $66.28 -$232K
64 AEO 0.13% 54,900 $1M $26.37 $546K +2,200 +4.2%
65 EXP 0.13% 7,000 $1M $206.68 -$185K
66 DNOW 0.13% 107,800 $1M $13.25 -$216K
67 BBSI 0.13% 38,800 $1M $36.21 -$315K
68 PRGS 0.12% 31,600 $1M $42.96 -$584K -12,600 -28.5%
69 HRMY 0.12% 36,100 $1M $37.42 $356K
70 BKE 0.12% 25,000 $1M $53.42 -$78K +900 +3.7%
71 SUPN 0.11% 25,800 $1M $49.70 $49K
72 WNC 0.11% 144,670 $1M $8.65 $493K +67,800 +88.2%
73 CVLG 0.11% 56,682 $1M $22.04 $1M +51,800 +1061.0%
74 WGO 0.11% 30,067 $1M $40.52 $601K +11,600 +62.8%
75 EXEL 0.10% 26,300 $1M $43.83 $67K
76 CSL 0.10% 3,512 $1M $319.86 -$28K +12 +0.3%
77 AMPH 0.08% 35,532 $952K $26.78 $602K +22,432 +171.2%
78 MMS 0.08% 10,900 $941K $86.32 -$55K
79 GPK 0.08% 58,700 $884K $15.06 -$265K
80 NMIH 0.07% 20,400 $832K $40.79 +20,400 NEW
81 EEFT 0.07% 10,800 $822K $76.11 $348K +5,400 +100.0%
82 BAP 0.07% 2,700 $775K $287.00 -$184K -900 -25.0%
83 ANIP 0.07% 9,700 $766K $78.94 -$123K
84 KFRC 0.06% 22,894 $708K $30.92 $22K
85 AVBC 0.06% 40,000 $672K $16.81 $75K
86 PDD 0.06% 5,700 $646K $113.39 +5,700 NEW
87 VIPS —% -$100M -5,068,000 -100.0% SOLD
88 CBAN —% -$2M -122,079 -100.0% SOLD
89 CSGS —% -$2M -29,000 -100.0% SOLD
90 CG —% -$36M -578,600 -100.0% SOLD

New Positions

SymbolValue% Port
CBK $2M 0.18%
NMIH $832K 0.07%
PDD $646K 0.06%

Sold Out Positions

SymbolValue% Port
CBAN —%
VIPS —%
CG —%
CSGS —%
View SEC EDGAR Filings for Polaris Capital Management, LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms