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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
-1.53%
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
$1.86B
AUM Growth
-$807M
(-30%)
Cap. Flow
-$747M
Cap. Flow
% of AUM
-40.27%
Top 10 Holdings %
Top 10 Hldgs %
44.51%
Holding
95
New
3
Increased
4
Reduced
47
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Northeast Bank
NBN
|
+$1.22M |
| 2 |
Acuity Brands
AYI
|
+$816K |
| 3 |
Buckle
BKE
|
+$783K |
| 4 |
TBRG
TruBridge
TBRG
|
+$198K |
| 5 |
Southside Bancshares
SBSI
|
+$197K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amcor
AMCR
|
+$83.6M |
| 2 |
HZNP
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
|
+$64.2M |
| 3 |
Carter's
CRI
|
+$39.4M |
| 4 |
Arrow Electronics
ARW
|
+$30.6M |
| 5 |
Allison Transmission
ALSN
|
+$24.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 26.29% |
| 2 | Healthcare | 20.71% |
| 3 | Materials | 14.48% |
| 4 | Technology | 10.25% |
| 5 | Consumer Discretionary | 8.89% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Gilead Sciences
GILD
$165B
| $33.5M | 1.8% |
446,800
-194,700
| -30% | -$15M |
|
|
27
Arrow Electronics
ARW
$10.4B
| $33M | 1.78% |
263,503
-229,500
| -47% | -$30.6M |
|
28
Webster Financial
WBS
$12.8B
| $32.8M | 1.77% |
812,695
-358,800
| -31% | -$15.3M |
|
29
CVS Health
CVS
$122B
| $32.3M | 1.74% |
463,100
-170,700
| -27% | -$12.1M |
|
30
Tecnoglass Holdings Inc.
TGLS
$1.96B
| $32.3M | 1.74% |
978,564
-187,800
| -16% | -$7.67M |
|
31
Capital One
COF
$134B
| $30.6M | 1.65% |
315,808
-137,600
| -30% | -$14.7M |
|
32
United Therapeutics
UTHR
$23.1B
| $30.4M | 1.64% |
134,550
-58,600
| -30% | -$13.5M |
|
33
Northern Trust
NTRS
$33.9B
| $25.9M | 1.4% |
373,200
-162,200
| -30% | -$12.2M |
|
34
SLM Corp
SLM
$5.15B
| $24.8M | 1.34% |
1,823,000
-760,100
| -29% | -$11.4M |
|
35
M&T Bank
MTB
$36.2B
| $22.3M | 1.2% |
176,494
-76,904
| -30% | -$10M |
|
36
NextEra Energy
NEE
$177B
| $21.4M | 1.15% |
373,964
-171,200
| -31% | -$11.9M |
|
37
Carlyle Group
CG
$17.2B
| $20.3M | 1.09% |
673,400
-320,500
| -32% | -$10.3M |
|
38
Cullen/Frost Bankers
CFR
$10.2B
| $17.4M | 0.94% |
191,100
-73,000
| -28% | -$7.41M |
|
39
Sally Beauty Holdings
SBH
$1.58B
| $14.5M | 0.78% |
1,732,858
-805,067
| -32% | -$8.55M |
|
40
Dime Commercial Bancshares
DCOM
$1.78B
| $8.93M | 0.48% |
447,180
-140,064
| -24% | -$2.92M |
|
|
CATC
41
DELISTED
CAMBRIDGE BANCORP
CATC
| $8.19M | 0.44% |
131,557
-33,700
| -20% | -$1.91M |
|
|
PFC
42
DELISTED
Premier Financial Corp. Common Stock
PFC
| $6.03M | 0.32% |
353,283
-115,800
| -25% | -$2.18M |
|
43
OFG Bancorp
OFG
$2.21B
| $5.49M | 0.3% |
183,900
| – | – |
|
44
South Plains Financial
SPFI
$841M
| $4.73M | 0.25% |
178,900
| – | – |
|
45
Colony Bankcorp
CBAN
$467M
| $4.34M | 0.23% |
434,528
-29,522
| -6% | -$302K |
|
46
Eastern Bankshares
EBC
$5.23B
| $2.51M | 0.14% |
200,000
| – | – |
|
47
Barrett Business Services
BBSI
$804M
| $2.37M | 0.13% |
105,200
| – | – |
|
48
Graphic Packaging
GPK
$3.58B
| $2.04M | 0.11% |
91,600
| – | – |
|
49
Hercules Capital
HTGC
$3.23B
| $2M | 0.11% |
121,860
+3,462
| +3% | +$56.7K |
|
50
Eagle Materials
EXP
$6.57B
| $1.95M | 0.11% |
11,700
-2,100
| -15% | -$382K |
|
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Polaris Capital Management's Q3 2023 Portfolio in Review
As of Q3 2023, Polaris Capital Management held 95 positions worth $1.86B, down 30% from $2.66B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Polaris Capital Management withdrew a net $747M in Q3 2023, closing 3 positions and reducing 47 holdings. Its most notable exit was Horizon Therapeutics Public Limited Company Ordinary Shares, an estimated $64.2M position sold in full.
By sector, the portfolio is most concentrated in Financials at 26% of assets, up from 25% a quarter earlier, followed by Healthcare and Materials.
Against the trend, Polaris Capital Management opened a new position in Northeast Bank worth $1.2M.
- Polaris Capital Management's largest Q3 2023 buy was Northeast Bank: 27,200 shares worth $1.2M.
- Polaris Capital Management added most to TruBridge in Q3 2023, an estimated $198K increase.
- Polaris Capital Management's biggest Q3 2023 reduction was Amcor, cutting an estimated $83.6M.
- Polaris Capital Management fully exited Horizon Therapeutics Public Limited Company Ordinary Shares in Q3 2023, selling an estimated $64.2M.
- Polaris Capital Management's ten largest holdings make up 45% of its $1.86B portfolio in Q3 2023.
- Polaris Capital Management opened 3 new positions and closed 3 in Q3 2023.
- Polaris Capital Management's portfolio value fell 30% quarter-over-quarter to $1.86B.
Based on Polaris Capital Management's 13F filing for Q3 2023, filed 30 Oct 2023.