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PCM
Polaris Capital Management Portfolio holdings
AUM
$1.06B
1-Year Est. Return
40.82%
This Fund
S&P 500
This Quarter
Est. Return
-1.32%
1 Year Est. Return
+40.82%
3 Year Est. Return
+94.3%
5 Year Est. Return
+113.49%
10 Year Est. Return
+358.47%
AUM
$2.68B
AUM Growth
-$192M
(-6.7%)
Cap. Flow
-$112M
Cap. Flow
% of AUM
-4.17%
Top 10 Holdings %
Top 10 Hldgs %
42.34%
Holding
99
New
3
Increased
18
Reduced
30
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
IPG
Interpublic Group of Companies
IPG
|
+$25.8M |
| 2 |
Tyson Foods
TSN
|
+$11.4M |
| 3 |
Jazz Pharmaceuticals
JAZZ
|
+$8.06M |
| 4 |
MKS Inc
MKSI
|
+$6.6M |
| 5 |
NOV
NOV
|
+$3.49M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nomad Foods
NOMD
|
+$76.4M |
| 2 |
United Therapeutics
UTHR
|
+$31.4M |
| 3 |
Intel
INTC
|
+$20.1M |
| 4 |
Popular Inc
BPOP
|
+$13.3M |
| 5 |
Linde
LIN
|
+$11.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 23.05% |
| 2 | Healthcare | 21.9% |
| 3 | Consumer Discretionary | 15.07% |
| 4 | Materials | 11.21% |
| 5 | Technology | 10.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
International Bancshares
IBOC
$4.54B
| $49.7M | 1.85% |
1,160,306
| – | – |
|
|
27
NOV
NOV
$7.27B
| $49.5M | 1.85% |
2,673,042
+161,700
| +6% | +$3.49M |
|
28
CVS Health
CVS
$122B
| $49M | 1.83% |
659,900
-3,000
| -0.5% | -$252K |
|
29
Marathon Petroleum
MPC
$87.3B
| $48.6M | 1.81% |
360,394
-2,000
| -0.6% | -$250K |
|
30
Northern Trust
NTRS
$34.3B
| $47.4M | 1.77% |
538,300
-2,600
| -0.5% | -$241K |
|
31
Webster Financial
WBS
$12.8B
| $46.4M | 1.73% |
1,176,761
| – | – |
|
32
Capital One
COF
$133B
| $44.5M | 1.66% |
463,208
| – | – |
|
|
33
United Therapeutics
UTHR
$22.9B
| $43.5M | 1.62% |
194,150
-127,250
| -40% | -$31.4M |
|
34
NextEra Energy
NEE
$175B
| $43.3M | 1.61% |
561,464
-2,600
| -0.5% | -$200K |
|
35
Sally Beauty Holdings
SBH
$1.56B
| $39.8M | 1.49% |
2,556,325
-16,900
| -0.7% | -$263K |
|
36
Carter's
CRI
$1.46B
| $39.4M | 1.47% |
547,413
| – | – |
|
37
SLM Corp
SLM
$5.17B
| $32.3M | 1.2% |
2,603,600
-16,500
| -0.6% | -$244K |
|
38
Carlyle Group
CG
$17.1B
| $31.2M | 1.16% |
1,004,000
-7,500
| -0.7% | -$250K |
|
39
M&T Bank
MTB
$36.1B
| $31M | 1.16% |
259,198
-1,600
| -0.6% | -$232K |
|
40
Tecnoglass Holdings Inc.
TGLS
$1.9B
| $28.4M | 1.06% |
676,164
| – | – |
|
41
Dime Commercial Bancshares
DCOM
$1.77B
| $13.4M | 0.5% |
588,151
+29,300
| +5% | +$863K |
|
|
BRKL
42
DELISTED
Brookline Bancorp
BRKL
| $11.7M | 0.44% |
1,112,086
| – | – |
|
|
CATC
43
DELISTED
CAMBRIDGE BANCORP
CATC
| $11.4M | 0.42% |
175,457
| – | – |
|
|
PFC
44
DELISTED
Premier Financial Corp. Common Stock
PFC
| $9.72M | 0.36% |
469,083
| – | – |
|
45
Colony Bankcorp
CBAN
$462M
| $4.73M | 0.18% |
464,050
| – | – |
|
46
OFG Bancorp
OFG
$2.22B
| $4.59M | 0.17% |
183,900
| – | – |
|
47
South Plains Financial
SPFI
$839M
| $3.61M | 0.13% |
168,500
+5,500
| +3% | +$143K |
|
48
Eastern Bankshares
EBC
$5.22B
| $2.52M | 0.09% |
200,000
| – | – |
|
49
Eagle Materials
EXP
$6.44B
| $2.36M | 0.09% |
16,100
| – | – |
|
50
Graphic Packaging
GPK
$3.53B
| $2.33M | 0.09% |
91,600
| – | – |
|
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Polaris Capital Management's Q1 2023 Portfolio in Review
As of Q1 2023, Polaris Capital Management held 99 positions worth $2.68B, down 6.7% from $2.87B the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Polaris Capital Management withdrew a net $112M in Q1 2023, closing 4 positions and reducing 30 holdings. Its most notable exit was Intel, an estimated $20.1M position sold in full.
By sector, the portfolio is most concentrated in Financials at 23% of assets, down from 25% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Polaris Capital Management opened a new position in Janus International worth $902K.
- Polaris Capital Management's largest Q1 2023 buy was Janus International: 91,500 shares worth $902K.
- Polaris Capital Management added most to Interpublic Group of Companies in Q1 2023, an estimated $25.8M increase.
- Polaris Capital Management's biggest Q1 2023 reduction was Nomad Foods, cutting an estimated $76.4M.
- Polaris Capital Management fully exited Intel in Q1 2023, selling an estimated $20.1M.
- Polaris Capital Management's ten largest holdings make up 42% of its $2.68B portfolio in Q1 2023.
- Polaris Capital Management opened 3 new positions and closed 4 in Q1 2023.
- Polaris Capital Management's portfolio value fell 6.7% quarter-over-quarter to $2.68B.
Based on Polaris Capital Management's 13F filing for Q1 2023, filed 28 Apr 2023.