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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 | |
|---|---|---|---|---|---|---|
1
Linde
LIN
$236B
| $193M | 10.4% |
518,592
-60,796
| -10% | -$23.1M |
|
2
Jazz Pharmaceuticals
JAZZ
$16.1B
| $161M | 8.65% |
1,240,360
-56,300
| -4% | -$7.5M |
|
3
Popular Inc
BPOP
$11B
| $143M | 7.69% |
2,264,278
-297,000
| -12% | -$19.6M |
|
|
4
Allison Transmission
ALSN
$9.51B
| $55.4M | 2.98% |
937,900
-417,300
| -31% | -$24.6M |
|
|
5
Amcor
AMCR
$21.2B
| $54.7M | 2.95% |
1,194,698
-1,735,876
| -59% | -$83.6M |
|
6
AbbVie
ABBV
$465B
| $45.3M | 2.44% |
303,979
-115,037
| -27% | -$16.9M |
|
7
Marathon Petroleum
MPC
$90.1B
| $45.1M | 2.43% |
297,894
-59,600
| -17% | -$8.31M |
|
8
JPMorgan Chase
JPM
$916B
| $44.7M | 2.41% |
308,351
-143,900
| -32% | -$21.6M |
|
9
Williams Companies
WMB
$85.8B
| $42.9M | 2.31% |
1,274,000
-519,500
| -29% | -$17.7M |
|
10
Nomad Foods
NOMD
$1.77B
| $41.5M | 2.24% |
2,729,300
-114,600
| -4% | -$1.98M |
|
11
NOV
NOV
$6.84B
| $41.3M | 2.23% |
1,977,053
-683,989
| -26% | -$13.6M |
|
12
MKS Inc
MKSI
$17.4B
| $39.9M | 2.15% |
461,300
-184,400
| -29% | -$18M |
|
13
Chubb
CB
$140B
| $39.8M | 2.14% |
190,969
-81,900
| -30% | -$16.6M |
|
|
BERY
14
DELISTED
Berry Global Group, Inc.
BERY
| $39.6M | 2.14% |
697,396
-245,242
| -26% | -$14.4M |
|
15
Microsoft
MSFT
$2.9T
| $39.2M | 2.11% |
124,026
-56,100
| -31% | -$18.5M |
|
16
UnitedHealth
UNH
$382B
| $38.5M | 2.08% |
76,452
-30,800
| -29% | -$15.2M |
|
17
Saic
SAIC
$4.95B
| $37.8M | 2.04% |
358,000
-111,000
| -24% | -$12.8M |
|
18
Elevance Health
ELV
$81.5B
| $37.7M | 2.03% |
86,669
-36,800
| -30% | -$16.7M |
|
19
General Dynamics
GD
$103B
| $36.9M | 1.99% |
167,164
-53,100
| -24% | -$11.7M |
|
20
Avnet
AVT
$6.86B
| $36.8M | 1.98% |
764,118
-331,000
| -30% | -$16M |
|
21
International Bancshares
IBOC
$4.77B
| $35.6M | 1.92% |
822,108
-332,300
| -29% | -$15.2M |
|
22
Crocs
CROX
$6.63B
| $35.3M | 1.9% |
400,177
-149,229
| -27% | -$15.3M |
|
23
Ingredion
INGR
$6.42B
| $34.9M | 1.88% |
354,800
-135,400
| -28% | -$14M |
|
|
IPG
24
DELISTED
Interpublic Group of Companies
IPG
| $34.1M | 1.84% |
1,191,400
-345,000
| -22% | -$11.5M |
|
25
Tyson Foods
TSN
$21.5B
| $34M | 1.83% |
672,563
-245,700
| -27% | -$13.1M |
|
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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.