Polaris Capital Management, LLC — 13F Holdings & Portfolio

CIK 1316926 · latest 13F-HR filed 2026-07-27

Polaris Capital Management, LLC manages $1.06B in 13F-reported U.S. long-equity assets across 84 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are BPOP (8.19%), JAZZ (7.47%), SW (7.13%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 7 new positions and exited 7; 37 existing positions rose in reported value and 30 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

AUM

$1.06B

Long-equity book

Holdings

Distinct positions

Period

2026-06-30

Filed 2026-07-27

Q/Q Activity

+7 / −7 / ↑37 / ↓30

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26

BPOP8.2% · -18%JAZZ7.5% · -21%SW7.1% · +20%LIN4.9% · -20%LNTH4.4% · -31%ARW3.9% · -32%CVS3.6% · -30%JPM2.8% · -23%UTHR2.7% · -45%SLM2.6% · -25%IBOC2.3% · -31%MPC2.3% · -40%EMN2.1% · -28%CYTK2.1% · new INGR2.0% · -1%WBS2.0% · -44%CFR1.9% · -35%BKNG1.9% · new NOMD1.8% · -15%GILD1.8% · -39%CB1.8% · -36%ALSN1.8% · -36%WMB1.7% · -38%MTB1.7% · -38%ABBV1.7% · -39%NEE1.7% · -31%GD1.7% · -43%ELV1.6% · -39%ADBE1.6% · new TSN1.6% · -36%GLPI1.4% · -38%COF1.3% · -37%LKQ1.0% · -38%NBN0.6% · -2%SPFI0.5% · +11%HTB0.5% · +3%OFG0.5% · +0%CBK0.3% · +35%PEBO0.3% · +23%BFST0.3% · +19%BHB0.3% · +14%CVLG0.3% · -12%CHCO0.3% · +17%INDB0.3% · +9%SSB0.3% · +13%AYI0.3% · +16%AVT0.2% · -9%NTB0.2% · -4%NTST0.2% · +10%SBSI0.2% · +12%VVX0.2% · -4%AIT0.2% · -5%BOKF0.2% · -4%CBT0.2% · -8%PLUS0.2% · 0%NMIH0.2% · +14%IMKTA0.2% · -4%LAUR0.2% · -14%EBF0.2% · 0%BKH0.2% · -12%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

3 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 47.7%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

Assets Under Management

$5.45B

Discretionary

$5.45B

Employees

Accounts

Address

121 HIGH STREET
BOSTON, MA 02110-2475

Phone

(617) 951-1365

Website

WWW.POLARISCAPITAL.COM
WWW.POLARISFUNDS.COM
X.COM/POLARISBOSTON

Name	Title / Status	Ownership	Type
CRAWSHAW, JASON, M Control	EXECUTIVE VICE PRESIDENT, PORTFOLIO MANAGER	Less than 5%	Individual
HORN, BERNARD, ROBERT Control	PRESIDENT/TREASURER, BOARD OF MANAGERS	Less than 5%	Individual
HORN, BERNARD, ROBERT Control	MEMBER	75% or more	Individual
POLARIS CAPITAL MANAGEMENT HOLDINGS, LLP Control	LIMITED LIABILITY PARTNERSHIP	75% or more	Domestic Entity
BISWAS, SUMANTA	VICE PRESIDENT, PORTFOLIO MANAGER	Less than 5%	Individual
FITZSIMMONS, KELLY, MARIE	OUTSIDE PR	Less than 5%	Individual
GIBSON, ERIN, MICHAELA	VICE PRESIDENT, CHIEF COMPLIANCE OFFICER, CLIENT RELATIONSHIP MANAGER	Less than 5%	Individual
HORN, LORRAINE, B	BOARD OF MANAGERS	Less than 5%	Individual
HORN, SAMUEL, J.	VICE PRESIDENT, ASSISTANT PORTFOLIO MANAGER	Less than 5%	Individual
HORN-SNYDER, ALEXIS	MEMBER	Less than 5%	Individual
KIM, KENNETH, D.	ASSISTANT PORTFOLIO MANAGER	Less than 5%	Individual
MAITAI, BERNARD, K	VICE PRESIDENT, BUSINESS DEVELOPMENT AND RELATIONSHIP MANAGER	Less than 5%	Individual
MCLEOD, CHRISTOPHER, K.	BOARD OF MANAGERS	Less than 5%	Individual
MYER, JOHN, A.	BOARD OF MANAGERS	Less than 5%	Individual
SUTANTO, ANDRY, A	VICE PRESIDENT, CHIEF TECHNOLOGY OFFICER	Less than 5%	Individual
XIAO, BIN	VICE PRESIDENT, PORTFOLIO MANAGER	Less than 5%	Individual

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

SMURFIT WESTROCK PLC$21.2M +39.0%
COMMERCIAL BANCGROUP INC$1.2M +67.6%
BARRETT BUSINESS SVCS INC$1.0M +113.8%
ACUITY BRANDS INC$974.6K +56.1%
PEOPLES BANCORP INC$938.4K +44.1%

Show all 37 →

Top Trims

UNITED THERAPEUTICS CORP-$28.4M -49.5%
GILEAD SCIENCES INC-$15.8M -44.9%
MARATHON PETROLEUM CORP-$14.2M -37.2%
EASTMAN CHEMICAL CO-$13.2M -36.7%
WEBSTER FINANCIAL CORP - CT-$13.0M -38.2%

Show all 30 →

New Positions

Show all 7 →

Exited Positions

Show all 7 →

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#	Issuer	Symbol	CUSIP	Value	Δ

Polaris Capital Management, LLC Holdings (2026-06-30)

#	Issuer	Symbol	CUSIP	Value	Weight	Shares	Type
1	POPULAR INC	BPOP	733174700	$86.9M	8.19%	529,241	SH
2	JAZZ PHARMACEUTICALS PLC	JAZZ	G50871105	$79.3M	7.47%	328,966	SH
3	SMURFIT WESTROCK PLC	SW	G8267P108	$75.7M	7.13%	1,635,802	SH
4	LINDE PLC	LIN	G54950103	$51.7M	4.88%	99,716	SH
5	LANTHEUS HOLDINGS INC	LNTH	516544103	$47.1M	4.44%	424,500	SH
6	ARROW ELECTRONICS INC	ARW	042735100	$41.8M	3.93%	195,700	SH
7	CVS HEALTH CORP	CVS	126650100	$37.8M	3.56%	365,200	SH
8	JPMORGAN CHASE & CO	JPM	46625H100	$29.6M	2.78%	90,291	SH
9	UNITED THERAPEUTICS CORP	UTHR	91307C102	$29.0M	2.73%	53,450	SH
10	SLM CORP	SLM	78442P106	$28.0M	2.63%	1,077,700	SH
11	INTERNATIONAL BANCSHARES CORP	IBOC	459044103	$24.4M	2.30%	321,100	SH
12	MARATHON PETROLEUM CORP	MPC	56585A102	$23.9M	2.25%	93,482	SH
13	EASTMAN CHEMICAL CO	EMN	277432100	$22.8M	2.15%	340,300	SH
14	CYTOKINETICS INC	CYTK	23282W605	$22.7M	2.14%	266,900	SH
15	INGREDION INC	INGR	457187102	$21.4M	2.02%	226,300	SH
16	WEBSTER FINANCIAL CORP - CT	WBS	947890109	$21.1M	1.99%	276,538	SH
17	CULLEN/FROST BANKERS INC	CFR	229899109	$20.6M	1.94%	133,300	SH
18	BOOKING HOLDINGS INC	BKNG	09857L108	$20.0M	1.88%	112,010	SH
19	NOMAD FOODS LTD	NOMD	G6564A105	$19.5M	1.84%	1,783,500	SH
20	GILEAD SCIENCES INC	GILD	375558103	$19.4M	1.82%	153,300	SH
21	CHUBB LTD	CB	H1467J104	$18.8M	1.77%	55,038	SH
22	ALLISON TRANSMISSION HOLDING	ALSN	01973R101	$18.6M	1.75%	164,900	SH
23	WILLIAMS COS INC	WMB	969457100	$18.5M	1.74%	248,800	SH
24	M & T BANK CORP	MTB	55261F104	$18.2M	1.71%	76,400	SH
25	ABBVIE INC	ABBV	00287Y109	$17.9M	1.69%	71,264	SH
26	NEXTERA ENERGY INC	NEE	65339F101	$17.7M	1.67%	201,957	SH
27	GENERAL DYNAMICS CORP.	GD	369550108	$17.7M	1.67%	49,927	SH
28	ELEVANCE HEALTH INC	ELV	036752103	$16.9M	1.60%	43,824	SH
29	ADOBE INC	ADBE	00724F101	$16.9M	1.59%	82,200	SH
30	TYSON FOODS INC-CL A	TSN	902494103	$16.5M	1.56%	288,400	SH
31	GAMING AND LEISURE PROPERTIE	GLPI	36467J108	$14.9M	1.41%	335,100	SH
32	CAPITAL ONE FINANCIAL CORP	COF	14040H105	$14.3M	1.35%	71,220	SH
33	LKQ CORP	LKQ	501889208	$11.1M	1.04%	420,800	SH
34	NORTHEAST BANK	NBN	66405S100	$6.1M	0.57%	45,800	SH
35	SOUTH PLAINS FINANCIAL INC	SPFI	83946P107	$5.4M	0.51%	126,000	SH
36	HOMETRUST BANCSHARES INC	HTB	437872104	$5.4M	0.51%	107,700	SH
37	OFG BANCORP	OFG	67103X102	$5.3M	0.50%	108,100	SH
38	COMMERCIAL BANCGROUP INC	CBK	20112C106	$3.1M	0.29%	95,100	SH
39	PEOPLES BANCORP INC	PEBO	709789101	$3.1M	0.29%	79,800	SH
40	BUSINESS FIRST BANCSHARES	BFST	12326C105	$3.0M	0.28%	98,200	SH
41	BAR HARBOR BANKSHARES	BHB	066849100	$3.0M	0.28%	79,900	SH
42	COVENANT LOGISTICS GROUP INC	CVLG	22284P105	$3.0M	0.28%	67,282	SH
43	CITY HOLDING CO	CHCO	177835105	$3.0M	0.28%	22,295	SH
44	INDEPENDENT BANK CORP/MA	INDB	453836108	$3.0M	0.28%	35,239	SH
45	SOUTHSTATE BANK CORP	SSB	84472E102	$2.9M	0.27%	29,161	SH
46	ACUITY BRANDS INC	AYI	00508Y102	$2.7M	0.26%	7,200	SH
47	AVNET INC	AVT	053807103	$2.6M	0.25%	29,300	SH
48	BANK OF N.T. BUTTERFIELD&SON	NTB	G0772R208	$2.6M	0.24%	43,700	SH
49	NETSTREIT CORP	NTST	64119V303	$2.5M	0.24%	118,600	SH
50	SOUTHSIDE BANCSHARES INC	SBSI	84470P109	$2.5M	0.23%	70,158	SH