POLARIS INC PII
COM · Common Stock · CUSIP 731068102 · ISIN US7310681025
American vehicle manufacturer
- SectorIndustrials
- IndustryMiscellaneous Transportation Equipment
- HeadquartersMedina, MN
- Founded1954
- Websitepolaris.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($9.4m this quarter). Holder counts are more reliable. Shares outstanding: 56.5m as of 2024-04-16, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $100.13. Options: 16 managers hold calls ($51.2m notional), 17 hold puts ($67.7m).
Trends to Q1 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 430 |
| Q4 2022 | 460 |
| Q1 2023 | 468 |
| Q2 2023 | 464 |
| Q3 2023 | 483 |
| Q4 2023 | 476 |
| Q1 2024 | 462 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 190 | 207 |
| Q1 2023 | 209 | 209 |
| Q2 2023 | 166 | 256 |
| Q3 2023 | 218 | 212 |
| Q4 2023 | 190 | 254 |
| Q1 2024 | 214 | 228 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $83.3m | $76.0m | 0.91 |
| Q3 2023 | $75.3m | $125.2m | 1.66 |
| Q4 2023 | $79.5m | $93.5m | 1.18 |
| Q1 2024 | $51.2m | $67.7m | 1.32 |
Biggest buyers
| MORGAN STANLEY | Added | +1.0m |
| Pacer Advisors, Inc. | Added | +840.9k |
| Alyeska Investment Group, L.P. | Added | +372.9k |
| Beutel, Goodman & Co Ltd. | Added | +360.6k |
| Invesco Ltd. | Added | +299.1k |
| River Road Asset Management, LLC | Added | +146.5k |
| J. Goldman & Co LP | New | +106.9k |
| FMR LLC | Added | +105.4k |
| SEGALL BRYANT & HAMILL, LLC | Added | +101.8k |
| VANGUARD GROUP INC | Added | +94.7k |
Biggest sellers
| Boston Partners | Sold out | -1.2m |
| JANE STREET GROUP, LLC | Reduced | -304.1k |
| STATE STREET CORP | Reduced | -224.5k |
| Holocene Advisors, LP | Sold out | -209.7k |
| Qube Research & Technologies Ltd | Reduced | -185.6k |
| HRT FINANCIAL LP | Sold out | -175.7k |
| Schonfeld Strategic Advisors LLC | Sold out | -118.8k |
| Interval Partners, LP | Sold out | -111.4k |
| GOLDMAN SACHS GROUP INC | Reduced | -97.8k |
| Cubist Systematic Strategies, LLC | Sold out | -95.6k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $16.2m161.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $13.3m132.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $4.1m41.3k shares |
| D. E. Shaw & Co., Inc. | Reduced | $3.1m30.5k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $3.1m30.5k shares |
| TWO SIGMA SECURITIES, LLC | Added | $2.4m24.1k shares |
| PEAK6 Investments LLC | Reduced | $1.9m18.7k shares |
| Cubist Systematic Strategies, LLC | Reduced | $1.9m18.6k shares |
| Walleye Capital LLC | Added | $1.2m12.3k shares |
| JANE STREET GROUP, LLC | Reduced | $1.1m11.2k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $15.9m159.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $13.3m133.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $12.4m124.3k shares |
| Twin Tree Management, LP | New | $4.4m44.3k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $3.2m32.3k shares |
| Walleye Capital LLC | Added | $3.2m31.6k shares |
| Walleye Trading LLC | Added | $3.0m30.0k shares |
| JANE STREET GROUP, LLC | Reduced | $2.5m24.6k shares |
| D. E. Shaw & Co., Inc. | New | $2.3m22.7k shares |
| PEAK6 Investments LLC | Reduced | $2.2m22.1k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-07-02 | 11.3% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-07-31 | 5.2% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-07-31 | 5.0% |
Fell to 5% or below in the last year: Capital World Investors (2.8%, 2026-08-12), STATE STREET CORP (4.5%, 2026-05-12), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q1 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 0 | — | 2 | $4.4m | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 1 | $1.7m | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 7 | $21.3m | $1.8m |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
None reported in Q1 2024.
Holders, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| Capital World Investors 0.11% of their portfolio | 6.8m $676.8m | Added +1.6k |
| VANGUARD GROUP INC 0.01% of their portfolio | 5.9m $590.9m | Added +94.7k |
| BlackRock Inc. 0.01% of their portfolio | 4.7m $466.1m | Added +56.4k |
| STATE STREET CORP 0.01% of their portfolio | 3.0m $298.0m | Reduced -224.5k |
| Beutel, Goodman & Co Ltd. 1.33% of their portfolio | 2.6m $258.3m | Added +360.6k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.22% of their portfolio | 2.3m $234.2m | Reduced -79.9k |
| MORGAN STANLEY 0.01% of their portfolio | 2.0m $198.6m | Added +1.0m |
| Alyeska Investment Group, L.P. 0.69% of their portfolio | 1.1m $110.5m | Added +372.9k |
| CONFLUENCE INVESTMENT MANAGEMENT LLC 1.46% of their portfolio | 1.1m $108.9m | Added +13.0k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 887.0k $88.8m | Added +35.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 858.0k $85.9m | Added +31.8k |
| Pacer Advisors, Inc. 0.20% of their portfolio | 848.9k $85.0m | Added +840.9k |
| Invesco Ltd. 0.01% of their portfolio | 658.2k $65.9m | Added +299.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio | 587.5k $58.8m | Reduced -54.1k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 579.4k $58.0m | Reduced -38.8k |
| River Road Asset Management, LLC 0.72% of their portfolio | 531.2k $53.2m | Added +146.5k |
| MACQUARIE GROUP LTD 0.05% of their portfolio | 481.1k $48.2m | Added +9.1k |
| BROWN ADVISORY INC 0.06% of their portfolio | 437.3k $43.8m | Added +65.2k |
| Qube Research & Technologies Ltd 0.08% of their portfolio | 428.5k $42.9m | Reduced -185.6k |
| RAYMOND JAMES & ASSOCIATES 0.03% of their portfolio | 405.1k $40.6m | Added +25.7k |
| GW&K Investment Management, LLC 0.34% of their portfolio | 389.3k $39.0m | Reduced -4.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 370.6k $37.1m | Added +12.3k |
| MAIRS & POWER INC 0.35% of their portfolio | 365.7k $36.6m | Reduced -4.2k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 340.6k $34.1m | Reduced -64.9k |
| LSV ASSET MANAGEMENT 0.07% of their portfolio | 340.1k $34.0m | Added +78.2k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 328.4k $32.9m | Added +21.4k |
| ProShare Advisors LLC 0.09% of their portfolio | 323.1k $32.3m | Reduced -7.3k |
| SOUTHERNSUN ASSET MANAGEMENT, LLC 3.51% of their portfolio | 314.9k $31.5m | Reduced -8.2k |
| SEGALL BRYANT & HAMILL, LLC 0.55% of their portfolio | 292.6k $29.3m | Added +101.8k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.07% of their portfolio | 277.6k $27.8m | Added +18.3k |
| AQR CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 259.5k $26.0m | Reduced -66.5k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 256.1k $25.6m | Added +23.9k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 248.0k $24.8m | Added +83.2k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 230.6k $23.1m | Reduced -25.8k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 223.3k $22.4m | Reduced -55.8k |
| Silver Heights Capital Management Inc 8.69% of their portfolio | 219.8k $22.0m | Reduced -1.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 200.0k $20.0m | Added +4.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio | 196.2k $19.6m | Added +81.1k |
| SYSTEMATIC FINANCIAL MANAGEMENT LP 0.54% of their portfolio | 192.5k $19.3m | Added +9.4k |
| TD Asset Management Inc 0.01% of their portfolio | 160.7k $16.1m | Added +19.9k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 152.8k $15.3m | Reduced -6.1k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 152.7k $15.3m | Added +33.0k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 142.6k $14.3m | Reduced -724 |
| UBS Group AG 0.00% of their portfolio | 141.0k $14.1m | Added +12.4k |
| Retirement Systems of Alabama 0.05% of their portfolio | 139.9k $14.0m | Added +176 |
| Connor, Clark & Lunn Investment Management Ltd. 0.05% of their portfolio | 126.9k $12.7m | Added +5.9k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 124.6k $12.5m | Reduced -97.8k |
| NORGES BANK 0.00% of their portfolio | 120.1k $12.0m | Reduced -8.3k |
| Legal & General Group Plc 0.00% of their portfolio | 119.9k $12.0m | Reduced -6.4k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 112.1k $11.2m | Added +50.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 111.8k $11.2m | Added +9.2k |
| FMR LLC 0.00% of their portfolio | 110.1k $11.0m | Added +105.4k |
| Gotham Asset Management, LLC 0.16% of their portfolio | 109.1k $10.9m | Added +94.4k |
| J. Goldman & Co LP 0.48% of their portfolio | 106.9k $10.7m | New |
| Swiss National Bank 0.01% of their portfolio | 105.9k $10.6m | Reduced -200 |
| STATE OF WISCONSIN INVESTMENT BOARD 0.03% of their portfolio | 104.7k $10.5m | Reduced -12.9k |
| Matthew 25 Management Corp 3.49% of their portfolio | 102.5k $10.3m | Unchanged |
| California Public Employees Retirement System 0.01% of their portfolio | 101.2k $10.1m | Reduced -5.7k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 101.2k $10.1m | Reduced -913 |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.11% of their portfolio | 101.2k $10.1m | Added +68.3k |
| Fisher Asset Management, LLC 0.00% of their portfolio | 100.0k $10.0m | Reduced -13.1k |
| CAPITAL FUND MANAGEMENT S.A. 0.12% of their portfolio | 95.2k $9.5m | Added +37.0k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 94.0k $9.4m | Added +22.4k |
| BARCLAYS PLC 0.00% of their portfolio | 93.7k $9.4m | Added +44.0k |
| RWWM, INC. 1.01% of their portfolio | 93.2k $9.3m | Added +2.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 92.6k $9.3m | Reduced -84.4k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 90.8k $9.1m | Reduced -3.0k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 89.0k $8.9m | Added +11.4k |
| NOVARE CAPITAL MANAGEMENT LLC 0.79% of their portfolio | 87.3k $8.7m | Added +11.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 86.5k $8.7m | Added +38.4k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 84.3k $8.4m | Reduced -853 |
| Meiji Yasuda Asset Management Co Ltd. 0.35% of their portfolio | 82.8k $8.3m | Added +3.4k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 76.1k $7.6m | New |
| VAN ECK ASSOCIATES CORP 0.01% of their portfolio | 73.2k $7.3m | Reduced -18.2k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.03% of their portfolio | 70.3k $7.0m | Reduced -1.4k |
| S&T Bank/PA 1.31% of their portfolio | 68.3k $6.8m | Reduced -5.4k |
| TUDOR INVESTMENT CORP ET AL 0.08% of their portfolio | 68.2k $6.8m | Reduced -81.8k |
| LPL Financial LLC 0.00% of their portfolio | 67.1k $6.7m | Reduced -4.3k |
| Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio | 63.3k $6.3m | Reduced -50.0k |
| Hunter Perkins Capital Management, LLC 1.28% of their portfolio | 62.4k $6.2m | New |
| BENJAMIN F. EDWARDS & COMPANY, INC. 0.11% of their portfolio | 61.5k $6.2m | Added +2.4k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 60.3k $6.0m | Reduced -7.4k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 59.8k $6.6m | Added +11.0k |
| ICICI Prudential Asset Management Co Ltd 0.68% of their portfolio | 59.6k $6.0m | Reduced -17.2k |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 59.2k $5.9m | Reduced -62 |
| AdvisorShares Investments LLC 0.97% of their portfolio | 57.3k $5.7m | Added +21.5k |
| HM PAYSON & CO 0.11% of their portfolio | 57.2k $5.7m | Reduced -8.9k |
| Creative Planning 0.01% of their portfolio | 57.1k $5.7m | Added +4.3k |
| Cerity Partners LLC 0.01% of their portfolio | 56.5k $5.7m | Added +53.7k |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 54.7k $5.5m | Reduced -7.4k |
| ALPS ADVISORS INC 0.04% of their portfolio | 54.7k $5.5m | Added +5.3k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio | 54.5k $5.5m | Reduced -32.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 54.2k $5.4m | Reduced -3.2k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 51.9k $5.2m | Reduced -304.1k |
| Brandywine Global Investment Management, LLC 0.04% of their portfolio | 48.9k $4.9m | Added +1.8k |
| ONTARIO TEACHERS PENSION PLAN BOARD 0.04% of their portfolio | 46.3k $4.6m | Added +27.1k |
| TEXAS PERMANENT SCHOOL FUND CORP 0.04% of their portfolio | 46.1k $4.6m | Added +231 |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 41.2k $4.1m | Reduced -29.1k |
| Round Hill Asset Management 2.45% of their portfolio | 40.4k $4.0m | Reduced -81 |
| Bridgewater Associates, LP 0.02% of their portfolio | 39.9k $4.0m | Reduced -22.4k |