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Polaris Capital Management, LLC
Bernard R. Horn Jr. · Asset Manager · Value
Polaris Capital Management, LLC is a Boston-based global investment firm specializing in global and international value equity management. Founded in 1995 by Bernard R. Horn Jr., the firm has a long track record of applying a disciplined, pure value investment philosophy. It manages approximately $9 billion in assets for a diverse client base, including institutional investors and individual accounts, with a focus on identifying undervalued companies with strong fundamentals across all market capitalizations and geographies.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +22.8% |
| YTD return | +17.6% |
| Sharpe ratio | 3.56 |
| Win rate | 41% |
| AUM | $1.1B |
| Inception | Oct 1, 2025 |
| Updated | Sep 21, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $1.1B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.polariscapital.com |
Current Holdings
Updated on Sep 21, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| YARIY | Yara International ASA | 18.5% | 0.0% |
| BPOP | Popular Inc | 8.0% | +24.8% |
| JAZZ | Jazz Pharmaceuticals PLC | 7.5% | +51.3% |
| SW | Smurfit WestRock plc | 6.9% | +3.7% |
| ICAGY | International Consolidated Airlines Group S.A. ADR | 6.0% | -0.0% |
| GNCGY | Greencore Group PLC ADR | 5.2% | +0.0% |
| LIN | Linde plc Ordinary Shares | 4.3% | -3.4% |
| LNTH | Lantheus Holdings Inc | 4.0% | +25.4% |
| ARW | Arrow Electronics Inc | 4.0% | +38.9% |
| TTE | TotalEnergies SE ADR | 3.8% | +12.6% |
| MPC | Marathon Petroleum Corp | 3.8% | +12.1% |
| PUBGY | Publicis Groupe SA | 3.4% | -0.0% |
| LTM | LATAM Airlines Group S.A. | 3.4% | -0.2% |
| E | Eni SpA ADR | 3.3% | -2.6% |
| DTRUY | Daimler Truck Holding AG | 3.3% | 0.0% |
| CVS | CVS Health Corp | 3.1% | +6.8% |
| JPM | JPMorgan Chase & Co | 3.0% | +12.5% |
| RYAAY | Ryanair Holdings PLC ADR | 2.9% | -7.1% |
| EQUEY | Equatorial Energia SA ADR | 2.8% | 0.0% |
| ADRNY | Koninklijke Ahold Delhaize NV ADR | 2.8% | 0.0% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Sep 21, 2026 | SELL | PUBGY | 3.5% → 3.4% |
| Sep 21, 2026 | SELL | BPOP | 8.3% → 8.0% |
| Sep 21, 2026 | BUY | E | 3.1% → 3.3% |
| Sep 21, 2026 | SELL | HVRRY | 2.7% → 0.0% |
| Sep 21, 2026 | SELL | SW | 7.3% → 6.9% |
Investment Style Analysis
Polaris Capital Management, LLC is widely recognized for employing a Value strategy. As of Sep 21, 2026, the firm oversees approximately $1.1B in assets under management (AUM). The portfolio demonstrates a clear preference for the Agricultural Inputs and Airlines sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Sep 21, Polaris Capital Management, LLC made a significant move by reducing the position in PUBGY. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
Polaris Capital Management employs a "statistically patient" global investment philosophy rooted in the principles of Graham & Dodd. The firm's strategy is unconstrained and multi-cap, focusing on a worldwide search for undervalued common stocks. Using a proprietary five-factor global valuation model, the investment team identifies companies that generate high, stable levels of free cash flow and possess conservative balance sheets. The process combines this quantitative screening with rigorous fundamental research to build portfolios that aim for superior risk-adjusted returns by capitalizing on global market inefficiencies and investor behavior.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with Polaris Capital Management, LLC.
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Frequently asked questions
How is the simulated portfolio for Polaris Capital Management, LLC constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is Polaris Capital Management, LLC's largest holding?
As of the latest filing, Polaris Capital Management, LLC's top position is Yara International ASA (YARIY), representing 18.5% of the portfolio. This reflects a high-conviction bet by the institution.
What is Polaris Capital Management, LLC's historical performance and risk profile?
Our simulation indicates a total return of +22.8% with a win rate of 41%. Notably, the portfolio maintains a Sharpe Ratio of 3.56, suggesting an exceptional level of risk-adjusted returns compared to the broader market.
What sectors does Polaris Capital Management, LLC primarily invest in?
Polaris Capital Management, LLC has a strong preference for the Agricultural Inputs sector, which makes up 18.5% of their disclosed assets. The portfolio also has exposure to Airlines, indicating a specific thematic focus.
Is Polaris Capital Management, LLC's portfolio concentrated or diversified?
Polaris Capital Management, LLC runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 34.0% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has Polaris Capital Management, LLC performed in 2026?
Our AI-simulated model portfolio for Polaris Capital Management, LLC tracks a Year-to-Date (YTD) return of +17.6%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Bernard R. Horn Jr. manage Polaris Capital Management, LLC directly?
Yes, Bernard R. Horn Jr. serves as the key portfolio manager for Polaris Capital Management, LLC, overseeing the investment strategy and final capital allocation decisions.