13F HOLDINGS REPORT
Polaris Capital Management, LLC
Quarter ended Q3 2025 · Filed October 27, 2025 · Accession 0001144969-25-000010
Total Value
$1.52B
Positions
90
Other Managers
1
Confidential Omitted
No
Holdings (90)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | POPULAR INC | BPOPM | 886,530 | $112.6M | 7.40% |
| 2 | VIPSHOP HOLDINGS LTD - ADR | VIPS | 5,068,000 | $99.5M | 6.54% |
| 3 | LINDE PLC | LIN | 168,369 | $80.0M | 5.26% |
| 4 | SMURFIT WESTROCK PLC | SW | 1,742,660 | $74.2M | 4.87% |
| 5 | JAZZ PHARMACEUTICALS PLC | JAZZ | 513,466 | $67.7M | 4.45% |
| 6 | UNITED THERAPEUTICS CORP | UTHR | 122,050 | $51.2M | 3.36% |
| 7 | MKS INC | MKSI | 401,300 | $49.7M | 3.26% |
| 8 | CVS HEALTH CORP | CVS | 602,600 | $45.4M | 2.99% |
| 9 | NOMAD FOODS LTD | NOMD | 3,441,900 | $45.3M | 2.97% |
| 10 | JPMORGAN CHASE & CO | VYLD | 136,455 | $43.0M | 2.83% |
| 11 | ARROW ELECTRONICS INC | 042735100 | 336,903 | $40.8M | 2.68% |
| 12 | SLM CORP | SLMBP | 1,411,300 | $39.1M | 2.57% |
| 13 | INTERNATIONAL BANCSHARES CORP | INTR | 546,004 | $37.5M | 2.47% |
| 14 | MARATHON PETROLEUM CORP | MARA | 194,332 | $37.5M | 2.46% |
| 15 | CARLYLE GROUP INC/THE | CGABL | 578,600 | $36.3M | 2.38% |
| 16 | WEBSTER FINANCIAL CORP - CT | 947890109 | 607,101 | $36.1M | 2.37% |
| 17 | GENERAL DYNAMICS CORP. | GD | 103,854 | $35.4M | 2.33% |
| 18 | GILEAD SCIENCES INC | GILD | 312,400 | $34.7M | 2.28% |
| 19 | SALLY BEAUTY HOLDINGS INC | SBH | 2,060,029 | $33.5M | 2.20% |
| 20 | ABBVIE INC | ABBV | 141,944 | $32.9M | 2.16% |
| 21 | LANTHEUS HOLDINGS INC | LNTH | 637,300 | $32.7M | 2.15% |
| 22 | CULLEN/FROST BANKERS INC | CFR-PB | 247,900 | $31.4M | 2.07% |
| 23 | WILLIAMS COS INC | 969457100 | 479,700 | $30.4M | 2.00% |
| 24 | CHUBB LTD | CB | 105,949 | $29.9M | 1.97% |
| 25 | TYSON FOODS INC-CL A | TSN | 543,248 | $29.5M | 1.94% |
| 26 | INGREDION INC | INGR | 240,800 | $29.4M | 1.93% |
| 27 | M & T BANK CORP | 55261F104 | 148,394 | $29.3M | 1.93% |
| 28 | CAPITAL ONE FINANCIAL CORP | COF-PN | 136,687 | $29.1M | 1.91% |
| 29 | NEXTERA ENERGY INC | NEE-PW | 372,512 | $28.1M | 1.85% |
| 30 | ELEVANCE HEALTH INC | ELV | 83,941 | $27.1M | 1.78% |
| 31 | GAMING AND LEISURE PROPERTIE | 36467J108 | 570,600 | $26.6M | 1.75% |
| 32 | ALLISON TRANSMISSION HOLDING | ALSN | 303,100 | $25.7M | 1.69% |
| 33 | LKQ CORP | LKQ | 695,700 | $21.2M | 1.40% |
| 34 | UNITEDHEALTH GROUP INC | UNH | 49,312 | $17.0M | 1.12% |
| 35 | SOUTH PLAINS FINANCIAL INC | SPFI | 131,500 | $5.1M | 0.33% |
| 36 | NORTHEAST BANK | 66405S100 | 49,200 | $4.9M | 0.32% |
| 37 | OFG BANCORP | OFG | 112,100 | $4.9M | 0.32% |
| 38 | HOMETRUST BANCSHARES INC | HTB | 105,000 | $4.3M | 0.28% |
| 39 | CITY HOLDING CO | CHCO | 22,895 | $2.8M | 0.19% |
| 40 | SOUTH STATE CORP | SSB | 28,361 | $2.8M | 0.18% |
| 41 | CVR ENERGY INC | CVI | 67,000 | $2.4M | 0.16% |
| 42 | LAUREATE EDUCATION INC | LAUR | 75,300 | $2.4M | 0.16% |
| 43 | PERDOCEO EDUCATION CORP | PRDO | 60,600 | $2.3M | 0.15% |
| 44 | INGLES MARKETS INC-CLASS A | 457030104 | 32,283 | $2.2M | 0.15% |
| 45 | INDEPENDENT BANK CORP/MA | 453836108 | 32,439 | $2.2M | 0.15% |
| 46 | BLACK HILLS CORP | BKH | 36,400 | $2.2M | 0.15% |
| 47 | EVERTEC INC | EVTC | 64,700 | $2.2M | 0.14% |
| 48 | EPLUS INC | PLUS | 30,600 | $2.2M | 0.14% |
| 49 | NETSTREIT CORP | NTST | 116,000 | $2.1M | 0.14% |
| 50 | COLONY BANKCORP INC. | CBAN | 122,079 | $2.1M | 0.14% |
| 51 | PHILLIPS EDISON & COMPANY IN | PECO | 59,600 | $2.0M | 0.13% |
| 52 | BOK FINANCIAL CORPORATION | 05561Q201 | 18,164 | $2.0M | 0.13% |
| 53 | V2X INC | VVX | 33,800 | $2.0M | 0.13% |
| 54 | PROGRESS SOFTWARE CORP | 743312100 | 44,200 | $1.9M | 0.13% |
| 55 | PEOPLES BANCORP INC | PEBO | 64,700 | $1.9M | 0.13% |
| 56 | ENNIS INC | EBF | 105,100 | $1.9M | 0.13% |
| 57 | BAR HARBOR BANKSHARES | 066849100 | 62,700 | $1.9M | 0.13% |
| 58 | SABRA HEALTH CARE REIT INC | SBRA | 101,400 | $1.9M | 0.12% |
| 59 | BANK OF N.T. BUTTERFIELD&SON | G0772R208 | 44,000 | $1.9M | 0.12% |
| 60 | CSG SYSTEMS INTL INC | 126349109 | 29,000 | $1.9M | 0.12% |
| 61 | AVNET INC | AVT | 35,600 | $1.9M | 0.12% |
| 62 | APPLIED INDUSTRIAL TECH INC | 03820C105 | 7,000 | $1.8M | 0.12% |
| 63 | BUSINESS FIRST BANCSHARES | BFST | 77,000 | $1.8M | 0.12% |
| 64 | CABOT CORP | CBT | 23,773 | $1.8M | 0.12% |
| 65 | ESSENTIAL PROPERTIES REALTY | 29670E107 | 60,700 | $1.8M | 0.12% |
| 66 | SOUTHSIDE BANCSHARES INC | SBSI | 61,500 | $1.7M | 0.11% |
| 67 | BARRETT BUSINESS SVCS INC | 068463108 | 38,800 | $1.7M | 0.11% |
| 68 | DNOW INC | DNOW | 107,800 | $1.6M | 0.11% |
| 69 | EAGLE MATERIALS INC | 26969P108 | 7,000 | $1.6M | 0.11% |
| 70 | ACUITY BRANDS INC | AYI | 4,700 | $1.6M | 0.11% |
| 71 | DIAMONDBACK ENERGY INC | FANG | 10,670 | $1.5M | 0.10% |
| 72 | BUCKLE INC/THE | BKE | 24,100 | $1.4M | 0.09% |
| 73 | SUPERNUS PHARMACEUTICALS INC | SUPN | 25,800 | $1.2M | 0.08% |
| 74 | CARLISLE COS INC | 142339100 | 3,500 | $1.2M | 0.08% |
| 75 | GRAPHIC PACKAGING HOLDING CO | GPK | 58,700 | $1.1M | 0.08% |
| 76 | EXELIXIS INC | EXEL | 26,300 | $1.1M | 0.07% |
| 77 | ABERCROMBIE & FITCH CO-CL A | ANF | 12,500 | $1.1M | 0.07% |
| 78 | FIRST SEACOAST BANCORP INC | FSEA | 90,537 | $1.0M | 0.07% |
| 79 | MAXIMUS INC | MMS | 10,900 | $995,933 | 0.07% |
| 80 | HARMONY BIOSCIENCES HOLDINGS | HRMY | 36,100 | $994,916 | 0.07% |
| 81 | CREDICORP LTD | BAP | 3,600 | $958,608 | 0.06% |
| 82 | AMERICAN EAGLE OUTFITTERS | AEO | 52,700 | $901,697 | 0.06% |
| 83 | ANI PHARMACEUTICALS INC | ANIP | 9,700 | $888,520 | 0.06% |
| 84 | WABASH NATIONAL CORP | 929566107 | 76,870 | $758,707 | 0.05% |
| 85 | KFORCE INC | KFRC | 22,894 | $686,362 | 0.05% |
| 86 | WINNEBAGO INDUSTRIES | 974637100 | 18,467 | $617,536 | 0.04% |
| 87 | AVIDIA BANCORP INC | AVBC | 40,000 | $597,600 | 0.04% |
| 88 | EURONET WORLDWIDE INC | EEFT | 5,400 | $474,174 | 0.03% |
| 89 | AMPHASTAR PHARMACEUTICALS IN | AMPH | 13,100 | $349,115 | 0.02% |
| 90 | COVENANT LOGISTICS GROUP INC | CVLG | 4,882 | $105,744 | 0.01% |