1y return+31.7%S&P 500 +20.9%
3y return+61.2%S&P 500 +68.5%
5y return+57.4%S&P 500 +74.5%
10y return+173.4%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $273 against $357 in the S&P 500.2
Polaris Capital Management, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| BPOPPopular Inc | $86.9M | 8.2% | −18.3% |
| Jazz Pharmaceuticals PLCCUSIP G50871105 | $79.3M | 7.5% | −20.8% |
| Smurfit Westrock PLCCUSIP G8267P108 | $75.7M | 7.1% | +19.7% |
| Linde PLCCUSIP G54950103 | $51.7M | 4.9% | −20.0% |
| LNTHLantheus Holdings Inc | $47.1M | 4.4% | −31.2% |
| ARWArrow Electronics Inc | $41.8M | 3.9% | −31.7% |
| CVSCvs Health Corp | $37.8M | 3.6% | −29.5% |
| JPMJpmorgan Chase & Co | $29.6M | 2.8% | −23.2% |
| UTHRUnited Therapeutics Corp | $29.0M | 2.7% | −44.7% |
| SLMSlm Corp | $28.0M | 2.6% | −24.6% |
| IBOCInternational Bancshares Corp | $24.4M | 2.3% | −30.6% |
| MPCMarathon Petroleum Corp | $23.9M | 2.3% | −40.0% |
| EMNEastman Chemical Co | $22.8M | 2.1% | −27.8% |
| CYTKCytokinetics Inc | $22.7M | 2.1% | New |
| INGRIngredion Inc | $21.4M | 2.0% | −1.4% |
| Webster Financial Corp - CtCUSIP 947890109 | $21.1M | 2.0% | −43.8% |
| CFRCullen/frost Bankers Inc | $20.6M | 1.9% | −34.7% |
| BKNGBooking Holdings Inc | $20.0M | 1.9% | New |
| Nomad Foods LtdCUSIP G6564A105 | $19.5M | 1.8% | −15.2% |
| GILDGilead Sciences Inc | $19.4M | 1.8% | −39.2% |
| Chubb LtdCUSIP H1467J104 | $18.8M | 1.8% | −36.4% |
| ALSNAllison Transmission Holding | $18.6M | 1.8% | −36.2% |
| WMBWilliams Cos Inc | $18.5M | 1.7% | −37.6% |
| MTBM & T Bank Corp | $18.2M | 1.7% | −37.7% |
| ABBVAbbvie Inc | $17.9M | 1.7% | −38.9% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| MPCMarathon Petroleum Corp | June 30, 2020 | +584.0% | $23.9M |
| BPOPPopular Inc | June 30, 2020 | +341.7% | $86.9M |
| WMBWilliams Cos Inc | December 31, 2020 | +270.8% | $18.5M |
| OFGOfg Bancorp | June 30, 2020 | +267.0% | $5.3M |
| JPMJpmorgan Chase & Co | June 30, 2020 | +248.0% | $29.6M |
| UTHRUnited Therapeutics Corp | March 31, 2021 | +223.9% | $29.0M |
| COFCapital One Financial Corp | June 30, 2020 | +220.5% | $14.3M |
| ARWArrow Electronics Inc | June 30, 2020 | +210.7% | $41.8M |
| ALSNAllison Transmission Holding | December 31, 2021 | +210.2% | $18.6M |
| SPFISouth Plains Financial Inc | June 30, 2020 | +202.6% | $5.4M |
Sold off last quarter
- MKSIMks Inc was $31.0M
- South State CorpCUSIP 840441109 was $2.4M
- WNCWabash National Corp was $1.4M
- WGOWinnebago Industries was $1.2M
- First Seacoast Bancorp IncCUSIP 33631F104 was $1.1M
- KFRCKforce Inc was $484K
- EEFTEuronet Worldwide Inc was $299K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +14.2% | +14.8% |
| March 31, 2026 | +6.5% | −4.6% |
| December 31, 2025 | +1.7% | +2.4% |
| September 30, 2025 | +6.6% | +7.8% |
| June 30, 2025 | +1.0% | +10.5% |
| March 31, 2025 | +0.2% | −4.6% |
| December 31, 2024 | −2.1% | +2.1% |
| September 30, 2024 | +9.0% | +5.4% |
| June 30, 2024 | −4.3% | +4.0% |
| March 31, 2024 | +9.0% | +10.0% |
| December 31, 2023 | +12.1% | +11.2% |
| September 30, 2023 | −3.1% | −3.6% |
| June 30, 2023 | −0.4% | +8.3% |
| March 31, 2023 | −2.6% | +7.0% |
| December 31, 2022 | +12.9% | +7.1% |
| September 30, 2022 | −6.6% | −5.3% |
| June 30, 2022 | −9.0% | −16.5% |
| March 31, 2022 | −0.2% | −4.9% |
| December 31, 2021 | +5.9% | +10.7% |
| September 30, 2021 | −0.8% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Polaris Capital Management, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1316926&type=13F-HR&dateb=&owner=include&count=40CIK 1316926
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1316926/000114496926000005/Filed July 27, 2026 · accession 0001144969-26-000005