SEC 13F Intelligence

Managers / Q4 2021 · view latest →

Polaris Capital Management, LLC

CIK 0001316926 · 121 HIGH STREET, BOSTON, MA, 02110-2475 · 617-951-1365

Reported Value
$3.1B
Q4 2021
Positions
104
Filings on Record
32
2019–present window
Filed
Feb 1, 2022
original filing

Summary

Polaris Capital Management, LLC reported $3.1B in U.S.-listed holdings across 104 positions for Q4 2021.

Its largest position, BPOP, represents 8.9% of the portfolio.

Compared with Q3 2021, the fund opened 5 new positions and exited 3.

Portfolio Metrics

Turnover
+10.5%
vs prior filed quarter
Top-10 Concentration
+46.0%
share of reported value
Largest Position
+8.9%
Popular
New / Exited
5 / 3
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $2.2BQ4 ’18Q1 ’19: $2.4BQ2 ’19: $2.4BQ3 ’19: $2.2BQ4 ’19: $2.4BQ4 ’19Q1 ’20: $1.7BQ2 ’20: $2.0BQ3 ’20: $2.0BQ4 ’20: $2.7BQ4 ’20Q1 ’21: $3.0BQ2 ’21: $3.1BQ3 ’21: $3.1BQ4 ’21: $3.1BQ4 ’21Q1 ’22: $3.1BQ2 ’22: $5.7BQ3 ’22: $2.5BQ4 ’22: $2.9BQ4 ’22Q1 ’23: $2.7BQ2 ’23: $2.7BQ3 ’23: $1.9BQ4 ’23: $2.1BQ4 ’23Q1 ’24: $2.0BQ2 ’24: $1.9BQ3 ’24: $2.0BQ4 ’24: $2.1BQ4 ’24Q1 ’25: $1.7BQ2 ’25: $1.5BQ3 ’25: $1.5BQ4 ’25: $1.2BQ4 ’25Q1 ’26: $1.2Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 64.9%Other: 26.6%ADR: 8.5%GDR: 0.0%
  • Common Stock · 64.9% · $2.0B
  • Other · 26.6% · $826M
  • ADR · 8.5% · $263M
  • GDR · 0.0% · $285,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FDXFEDEX CORPNEW+222.8K222.8K+$58M$58M
ALSNALLISON TRANSMISSION HOLDINGNEW+1.50M1.50M+$55M$55M
WNCWABASH NATIONAL CORPNEW+59.8K59.8K+$1M$1M
PCRXPACIRA BIOSCIENCES INCNEW+8.6K8.6K+$517,000$517,000
CROCS INC 165.00 CALLS 02/18/2022NEW+200200+$35,000$35,000
AEBAALLETESOLD OUT−719.8K0−$43M$0
DKDELEK US HOLDINGS INCSOLD OUT−6.7K0−$121,000$0
NVSNNOVARTIS AG-ADRSOLD OUT−5000−$41,000$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2021

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BPOPPOPULAR INChistory →CommonStock8.86%$275M3.35M
2LINDE PLC (US SHARES)CommonStock6.80%$211M608.8K
3INFYINFOSYS LTD - SP ADRhistory →ADR6.35%$197M7.78M
4JAZZ PHARMACEUTICALS PLCCommonStock6.21%$193M1.51M
5AMCOR PLCCommonStock5.17%$160M13.35M
6CROXCROCS INChistory →CommonStock3.02%$94M730.0K
7UTHUNITED THERAPEUTICS CORPhistory →CommonStock2.61%$81M374.8K
8CVSCVS HEALTH CORPhistory →CommonStock2.35%$73M706.3K
9ARWARROW ELECTRONICS INChistory →CommonStock2.33%$72M537.5K
10WBSWEBSTER FINANCIAL CORP - CThistory →CommonStock2.29%$71M1.27M
11MPCMARATHON PETROLEUM CORPhistory →CommonStock2.27%$70M1.10M
12JPMJPMORGAN CHASE & COhistory →CommonStock2.24%$69M438.8K
13CAPITAL ONE FINANCIAL CORPCommonStock2.23%$69M476.5K
14BERYEURBERRY GLOBAL GROUP INChistory →CommonStock2.18%$68M917.6K
15CIBEURBANCOLOMBIA S.A.-SPONS ADRhistory →ADR2.13%$66M2.09M
16ABBVABBVIE INChistory →CommonStock2.12%$66M484.4K
17ELVANTHEM INChistory →CommonStock2.10%$65M140.3K
18TSNTYSON FOODS INC-CL Ahistory →CommonStock2.00%$62M710.3K
19MSFTMICROSOFT CORP.history →CommonStock1.99%$62M183.4K
20LABORATORY CRP OF AMER HLDGSCommonStock1.97%$61M194.0K
21CNKCINEMARK HOLDINGS INChistory →CommonStock1.96%$61M3.77M
22UNHUNITEDHEALTH GROUP INChistory →CommonStock1.91%$59M118.1K
23CHUBB LTDCommonStock1.91%$59M306.2K
24FDXFEDEX CORPhistory →CommonStock1.86%$58M222.8K
25ALSNALLISON TRANSMISSION HOLDINGhistory →CommonStock1.76%$55M1.50M
26IBOCINTERNATIONAL BANCSHARES CORPhistory →CommonStock1.73%$54M1.26M
27INGRINGREDION INChistory →CommonStock1.67%$52M535.1K
28GDGENERAL DYNAMICS CORP.history →CommonStock1.64%$51M243.7K
29WMBWILLIAMS COS INChistory →CommonStock1.63%$51M1.94M
30DISCKUSDDISCOVERY INC-Chistory →CommonStock1.63%$51M2.21M
31NEENEXTERA ENERGY INChistory →CommonStock1.57%$49M522.0K
32CRICARTER'S INChistory →CommonStock1.50%$47M460.1K
33SAICSCIENCE APPLICATIONS INTEhistory →CommonStock1.43%$44M532.1K
34INTCINTEL CORPhistory →CommonStock1.40%$43M843.5K
35MTBM & T BANK CORPhistory →CommonStock1.34%$42M271.4K
36AVTAVNET INChistory →CommonStock1.11%$34M836.3K
37COCA COLA EUROPACIFIC PARTNERS PLCCommonStock0.84%$26M463.5K
38DCOMDIME COMMUNITY BANCSHARES INChistory →CommonStock0.69%$21M606.3K
39BB3BROOKLINE BANCORP INChistory →CommonStock0.65%$20M1.24M
40CAMBRIDGE BANCORPCommonStock0.56%$17M185.3K
41PREMIER FINANCIAL CORPCommonStock0.53%$16M527.1K
42TECNOGLASS INCCommonStock0.33%$10M393.8K
43PRDOPERDOCEO EDUCATION CORPCommonStock0.30%$9M780.7K
44CBANCOLONY BANKCORP INC.CommonStock0.21%$6M374.4K
45OFGOFG BANCORPCommonStock0.17%$5M195.3K
46SPFISOUTH PLAINS FINANCIAL INCCommonStock0.16%$5M177.2K
47EBCEASTERN BANKSHARES INCCommonStock0.13%$4M200.0K
48EVTCEVERTEC INCCommonStock0.07%$2M42.3K
49CSG SYSTEMS INTL INCCommonStock0.07%$2M36.4K
50BBSIBARRETT BUSINESS SVCS INCCommonStock0.07%$2M30.1K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$1.2B84Apr 27, 202613F-HRchanges · EDGAR ↗
Q4 2025$1.2B89Jan 29, 202613F-HRchanges · EDGAR ↗
Q3 2025$1.5B90Oct 27, 202513F-HRchanges · EDGAR ↗
Q2 2025$1.5B92Jul 21, 202513F-HRchanges · EDGAR ↗
Q1 2025$1.7B91May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$2.1B96Jan 29, 202513F-HRchanges · EDGAR ↗
Q3 2024$2.0B92Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$1.9B95Jul 26, 202413F-HRchanges · EDGAR ↗
Q1 2024$2.0B92Apr 24, 202413F-HRchanges · EDGAR ↗
Q4 2023$2.1B93Feb 7, 202413F-HRchanges · EDGAR ↗
Q3 2023$1.9B92Oct 30, 202313F-HRchanges · EDGAR ↗
Q2 2023$2.7B92Jul 31, 202313F-HRchanges · EDGAR ↗
Q1 2023$2.7B95May 3, 2023RESTATEMENTchanges · EDGAR ↗
Q4 2022$2.9B96Feb 9, 202313F-HRchanges · EDGAR ↗
Q3 2022$2.5B100Nov 10, 202213F-HRchanges · EDGAR ↗
Q2 2022REVEALED$5.7B204Aug 10, 202213F-HRchanges · EDGAR ↗
Q1 2022$3.1B109May 11, 202213F-HRchanges · EDGAR ↗
Q4 2021$3.1B104Feb 1, 202213F-HRchanges · EDGAR ↗
Q3 2021$3.1B102Nov 9, 202113F-HRchanges · EDGAR ↗
Q2 2021$3.1B103Aug 10, 202113F-HRchanges · EDGAR ↗
Q1 2021$3.0B102May 11, 202113F-HRchanges · EDGAR ↗
Q4 2020$2.7B100Feb 11, 202113F-HRchanges · EDGAR ↗
Q3 2020$2.0B100Nov 12, 202013F-HRchanges · EDGAR ↗
Q2 2020$2.0B102Aug 12, 202013F-HRchanges · EDGAR ↗
Q1 2020$1.7B102May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$2.4B88Feb 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$2.2B83Nov 15, 201913F-HRchanges · EDGAR ↗
Q2 2019$2.4B83Aug 12, 201913F-HRchanges · EDGAR ↗
Q1 2019$2.4B84May 14, 201913F-HRchanges · EDGAR ↗
Q4 2018$2.2B86Feb 7, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 1 additional manager.

  • PEAR TREE ADVISORS INC

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.