13F HOLDINGS REPORT
Polaris Capital Management, LLC
Quarter ended Q4 2025 · Filed January 29, 2026 · Accession 0001144969-26-000002
Total Value
$1.21B
Positions
89
Other Managers
1
Confidential Omitted
No
Holdings (89)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | POPULAR INC | BPOPM | 682,330 | $85.0M | 7.05% |
| 2 | JAZZ PHARMACEUTICALS PLC | JAZZ | 432,466 | $73.5M | 6.10% |
| 3 | LINDE PLC | LIN | 133,883 | $57.1M | 4.74% |
| 4 | SMURFIT WESTROCK PLC | SW | 1,447,650 | $56.0M | 4.64% |
| 5 | UNITED THERAPEUTICS CORP | UTHR | 103,650 | $50.5M | 4.19% |
| 6 | MKS INC | MKSI | 265,100 | $42.4M | 3.51% |
| 7 | CVS HEALTH CORP | CVS | 525,300 | $41.7M | 3.46% |
| 8 | JPMORGAN CHASE & CO | VYLD | 117,255 | $37.8M | 3.13% |
| 9 | LANTHEUS HOLDINGS INC | LNTH | 538,000 | $35.8M | 2.97% |
| 10 | SLM CORP | SLMBP | 1,245,600 | $33.7M | 2.80% |
| 11 | ARROW ELECTRONICS INC | 042735100 | 295,403 | $32.5M | 2.70% |
| 12 | GILEAD SCIENCES INC | GILD | 265,100 | $32.5M | 2.70% |
| 13 | WEBSTER FINANCIAL CORP - CT | 947890109 | 516,201 | $32.5M | 2.70% |
| 14 | INTERNATIONAL BANCSHARES CORP | INTR | 477,304 | $31.7M | 2.63% |
| 15 | GENERAL DYNAMICS CORP. | GD | 89,454 | $30.1M | 2.50% |
| 16 | NOMAD FOODS LTD | NOMD | 2,329,600 | $29.1M | 2.42% |
| 17 | CHUBB LTD | CB | 91,125 | $28.4M | 2.36% |
| 18 | CAPITAL ONE FINANCIAL CORP | COF-PN | 115,044 | $27.9M | 2.31% |
| 19 | TYSON FOODS INC-CL A | TSN | 472,248 | $27.7M | 2.30% |
| 20 | ABBVIE INC | ABBV | 119,777 | $27.4M | 2.27% |
| 21 | CULLEN/FROST BANKERS INC | CFR-PB | 214,500 | $27.2M | 2.25% |
| 22 | MARATHON PETROLEUM CORP | MARA | 163,932 | $26.7M | 2.21% |
| 23 | ALLISON TRANSMISSION HOLDING | ALSN | 268,600 | $26.3M | 2.18% |
| 24 | ELEVANCE HEALTH INC | ELV | 73,941 | $25.9M | 2.15% |
| 25 | M & T BANK CORP | 55261F104 | 125,994 | $25.4M | 2.11% |
| 26 | SALLY BEAUTY HOLDINGS INC | SBH | 1,747,829 | $24.9M | 2.07% |
| 27 | NEXTERA ENERGY INC | NEE-PW | 309,276 | $24.8M | 2.06% |
| 28 | WILLIAMS COS INC | 969457100 | 411,500 | $24.7M | 2.05% |
| 29 | INGREDION INC | INGR | 221,700 | $24.4M | 2.03% |
| 30 | GAMING AND LEISURE PROPERTIE | 36467J108 | 505,300 | $22.6M | 1.87% |
| 31 | LKQ CORP | LKQ | 707,500 | $21.4M | 1.77% |
| 32 | UNITEDHEALTH GROUP INC | UNH | 44,712 | $14.8M | 1.22% |
| 33 | NORTHEAST BANK | 66405S100 | 47,500 | $4.9M | 0.41% |
| 34 | SOUTH PLAINS FINANCIAL INC | SPFI | 121,000 | $4.7M | 0.39% |
| 35 | HOMETRUST BANCSHARES INC | HTB | 105,000 | $4.5M | 0.37% |
| 36 | OFG BANCORP | OFG | 108,000 | $4.4M | 0.37% |
| 37 | CITY HOLDING CO | CHCO | 20,795 | $2.5M | 0.21% |
| 38 | SOUTH STATE CORP | SSB | 25,761 | $2.4M | 0.20% |
| 39 | LAUREATE EDUCATION INC | LAUR | 71,800 | $2.4M | 0.20% |
| 40 | INDEPENDENT BANK CORP/MA | 453836108 | 32,439 | $2.4M | 0.20% |
| 41 | BLACK HILLS CORP | BKH | 33,700 | $2.3M | 0.19% |
| 42 | EPLUS INC | PLUS | 26,100 | $2.3M | 0.19% |
| 43 | BANK OF N.T. BUTTERFIELD&SON | G0772R208 | 45,600 | $2.3M | 0.19% |
| 44 | INGLES MARKETS INC-CLASS A | 457030104 | 32,283 | $2.2M | 0.18% |
| 45 | BAR HARBOR BANKSHARES | 066849100 | 70,000 | $2.2M | 0.18% |
| 46 | BUSINESS FIRST BANCSHARES | BFST | 82,400 | $2.2M | 0.18% |
| 47 | BOK FINANCIAL CORPORATION | 05561Q201 | 18,164 | $2.2M | 0.18% |
| 48 | PHILLIPS EDISON & COMPANY IN | PECO | 59,600 | $2.1M | 0.18% |
| 49 | COMMERCIAL BANCGROUP INC | CBK | 83,500 | $2.1M | 0.17% |
| 50 | NETSTREIT CORP | NTST | 116,000 | $2.0M | 0.17% |
| 51 | PEOPLES BANCORP INC | PEBO | 64,700 | $1.9M | 0.16% |
| 52 | SABRA HEALTH CARE REIT INC | SBRA | 101,400 | $1.9M | 0.16% |
| 53 | ENNIS INC | EBF | 105,100 | $1.9M | 0.16% |
| 54 | SOUTHSIDE BANCSHARES INC | SBSI | 62,227 | $1.9M | 0.16% |
| 55 | EVERTEC INC | EVTC | 64,700 | $1.9M | 0.16% |
| 56 | V2X INC | VVX | 33,800 | $1.8M | 0.15% |
| 57 | ABERCROMBIE & FITCH CO-CL A | ANF | 14,400 | $1.8M | 0.15% |
| 58 | ESSENTIAL PROPERTIES REALTY | 29670E107 | 60,700 | $1.8M | 0.15% |
| 59 | APPLIED INDUSTRIAL TECH INC | 03820C105 | 7,000 | $1.8M | 0.15% |
| 60 | PERDOCEO EDUCATION CORP | PRDO | 60,600 | $1.8M | 0.15% |
| 61 | AVNET INC | AVT | 35,600 | $1.7M | 0.14% |
| 62 | CVR ENERGY INC | CVI | 67,000 | $1.7M | 0.14% |
| 63 | ACUITY BRANDS INC | AYI | 4,700 | $1.7M | 0.14% |
| 64 | DIAMONDBACK ENERGY INC | FANG | 10,670 | $1.6M | 0.13% |
| 65 | CABOT CORP | CBT | 23,773 | $1.6M | 0.13% |
| 66 | AMERICAN EAGLE OUTFITTERS | AEO | 54,900 | $1.4M | 0.12% |
| 67 | EAGLE MATERIALS INC | 26969P108 | 7,000 | $1.4M | 0.12% |
| 68 | DNOW INC | DNOW | 107,800 | $1.4M | 0.12% |
| 69 | BARRETT BUSINESS SVCS INC | 068463108 | 38,800 | $1.4M | 0.12% |
| 70 | PROGRESS SOFTWARE CORP | 743312100 | 31,600 | $1.4M | 0.11% |
| 71 | HARMONY BIOSCIENCES HOLDINGS | HRMY | 36,100 | $1.4M | 0.11% |
| 72 | BUCKLE INC/THE | BKE | 25,000 | $1.3M | 0.11% |
| 73 | SUPERNUS PHARMACEUTICALS INC | SUPN | 25,800 | $1.3M | 0.11% |
| 74 | WABASH NATIONAL CORP | 929566107 | 144,670 | $1.3M | 0.10% |
| 75 | COVENANT LOGISTICS GROUP INC | CVLG | 56,682 | $1.2M | 0.10% |
| 76 | WINNEBAGO INDUSTRIES | 974637100 | 30,067 | $1.2M | 0.10% |
| 77 | FIRST SEACOAST BANCORP INC | FSEA | 90,537 | $1.2M | 0.10% |
| 78 | EXELIXIS INC | EXEL | 26,300 | $1.2M | 0.10% |
| 79 | CARLISLE COS INC | 142339100 | 3,512 | $1.1M | 0.09% |
| 80 | AMPHASTAR PHARMACEUTICALS IN | AMPH | 35,532 | $951,547 | 0.08% |
| 81 | MAXIMUS INC | MMS | 10,900 | $940,888 | 0.08% |
| 82 | GRAPHIC PACKAGING HOLDING CO | GPK | 58,700 | $884,022 | 0.07% |
| 83 | NMI HOLDINGS INC | NMIH | 20,400 | $832,116 | 0.07% |
| 84 | EURONET WORLDWIDE INC | EEFT | 10,800 | $821,988 | 0.07% |
| 85 | CREDICORP LTD | BAP | 2,700 | $774,900 | 0.06% |
| 86 | ANI PHARMACEUTICALS INC | ANIP | 9,700 | $765,718 | 0.06% |
| 87 | KFORCE INC | KFRC | 22,894 | $707,882 | 0.06% |
| 88 | AVIDIA BANCORP INC | AVBC | 40,000 | $672,400 | 0.06% |
| 89 | PDD HOLDINGS INC | PDD | 5,700 | $646,323 | 0.05% |