Investment Manager Polaris Capital Management, LLC's Q4 2022 and Q1 2023 Fund Holdings Comparison

Polaris Capital Management, LLC, an Indiana-based investment manager, has recently released its latest 13F filings indicating changes in its holdings from Q4 2022 (October 1, 2022, to December 31, 2022) to Q1 2023 (January 1, 2023, to March 31, 2023). The 13F filings provide insights into the investment manager's fund holdings, which are worth $100 million or more, and provide valuable information on the investor's latest investment decisions.

The financial data represented in the 13F filing showed the number of shares and the value of the shares held by Polaris Capital in various companies. The data also included the percentage change in holdings between the last two quarters. It's important to note that the information does not reflect the exact date when the transactions took place. However, the report still provides a comprehensive summary of the changes in the investment manager's fund holdings over the two quarters.

One of the significant changes is the purchase of 609,077 shares of LINDE PLC in Q1 2023, which had no shares in Q4 2022. The value of these shares accounts for roughly $216 million. Polaris Capital also increased its holdings in JAZZ PHARMACEUTICALS by 4.2%, valuing the shares held at around $191 thousand. AMCOR PLC's shares showed a decrease of 7.8% in the value of shares held, bringing the total value to $169 million. While holdings of POPULAR INC plummeted by 19.6%, decreasing the shares valued at $37 million in the previous quarter to $30 million.

Moreover, the 13F filings also showed a decrease in Polaris Capital's holdings in several other companies, including all the shares held in NOMAD FOODS LTD, valued at $54 million in Q4 2022, compared to $12 million in Q1 2023. The filings also indicate that Polaris Capital reduced its holdings in stocks such as CVS, WEBSTER FINANCIAL CORP - CT, NEXTERA ENERGY INC, and many more.

On the other hand, the investment manager raised its interest in stocks like SALLY BEAUTY HOLDINGS INC by 23.6%, valued at approximately $40 million, and MKS INSTRUMENTS INC by 17%, accounting for approximately $57 million. In addition, the filings show that Polaris Capital purchased a new $1.9 million position in computer software company V2X INC.

In conclusion, Polaris Capital Management, LLC's latest 13F filings show a variety of changes, including new purchases and reductions in its holdings. While it's not exactly clear why the investment manager made the decisions, the filings provide an excellent overview of Polaris Capital's investment strategy. Going forward, it will be interesting to see the reasoning behind these investment decisions and whether they will bear fruit in the long run.