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 ($5.7m this quarter). Holder counts are more reliable. Shares outstanding: 55.8m as of 2024-10-15, 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 ≈ $83.20. Options: 21 managers hold calls ($39.9m notional), 24 hold puts ($57.3m).
Trends to Q3 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 |
| Q2 2024 | 448 |
| Q3 2024 | 441 |
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 |
| Q2 2024 | 207 | 225 |
| Q3 2024 | 187 | 242 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $79.5m | $93.5m | 1.18 |
| Q1 2024 | $51.2m | $67.7m | 1.32 |
| Q2 2024 | $76.0m | $74.3m | 0.98 |
| Q3 2024 | $39.9m | $57.3m | 1.44 |
Biggest buyers
| Select Equity Group, L.P. | Added | +1.5m |
| JPMORGAN CHASE & CO | Added | +1.1m |
| Artisan Partners Limited Partnership | New | +387.3k |
| AMERICAN CENTURY COMPANIES INC | Added | +364.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Added | +171.4k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | New | +152.2k |
| AMERIPRISE FINANCIAL INC | Added | +135.7k |
| Weiss Asset Management LP | New | +130.3k |
| Kodai Capital Management LP | New | +119.7k |
| Kiltearn Partners LLP | Added | +92.3k |
Biggest sellers
| Capital World Investors | Reduced | -920.5k |
| GW&K Investment Management, LLC | Reduced | -388.7k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -317.1k |
| MAIRS & POWER INC | Reduced | -282.9k |
| Qube Research & Technologies Ltd | Reduced | -248.6k |
| SEGALL BRYANT & HAMILL, LLC | Sold out | -215.0k |
| D. E. Shaw & Co., Inc. | Reduced | -184.9k |
| JANE STREET GROUP, LLC | Reduced | -136.0k |
| GOLDMAN SACHS GROUP INC | Reduced | -133.5k |
| CITADEL ADVISORS LLC | Reduced | -130.2k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $9.7m116.4k shares |
| BANK OF AMERICA CORP /DE/ | Unchanged | $4.2m50.0k shares |
| Select Equity Group, L.P. | Added | $3.9m46.8k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $3.1m37.7k shares |
| D. E. Shaw & Co., Inc. | Reduced | $2.5m30.0k shares |
| IMC-Chicago, LLC | Added | $2.3m28.0k shares |
| Squarepoint Ops LLC | Reduced | $2.1m24.9k shares |
| PEAK6 Investments LLC | Added | $1.9m23.0k shares |
| Walleye Capital LLC | Added | $1.5m17.6k shares |
| JANE STREET GROUP, LLC | Added | $1.5m17.5k shares |
Biggest puts
| JPMORGAN CHASE & CO | Added | $17.1m205.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $6.7m81.0k shares |
| PEAK6 Investments LLC | Added | $5.6m67.5k shares |
| BANK OF AMERICA CORP /DE/ | Unchanged | $4.2m50.0k shares |
| Walleye Capital LLC | Reduced | $4.0m47.5k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $2.5m29.5k shares |
| CITADEL ADVISORS LLC | Reduced | $2.3m28.2k shares |
| JANE STREET GROUP, LLC | Added | $2.0m23.6k shares |
| WOLVERINE TRADING, LLC | Added | $1.8m21.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.7m21.0k 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 Q3 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
None reported in Q3 2024.
Holders, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| Capital World Investors 0.07% of their portfolio | 5.8m $480.1m | Reduced -920.5k |
| VANGUARD GROUP INC 0.01% of their portfolio | 5.6m $466.4m | Reduced -42.3k |
| BlackRock, Inc. 0.01% of their portfolio | 4.5m $378.4m | First filing |
| STATE STREET CORP 0.01% of their portfolio | 2.9m $241.8m | Reduced -112.6k |
| Beutel, Goodman & Co Ltd. 1.11% of their portfolio | 2.7m $225.2m | Reduced -25.9k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 2.6m $213.6m | Added +1.1m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.17% of their portfolio | 2.3m $188.4m | Added +69.8k |
| Select Equity Group, L.P. 0.59% of their portfolio | 1.9m $161.6m | Added +1.5m |
| CONFLUENCE INVESTMENT MANAGEMENT LLC 1.16% of their portfolio | 1.0m $86.5m | Added +6.7k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 907.9k $75.6m | Reduced -75.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 870.0k $72.4m | Added +821 |
| AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio | 751.6k $62.6m | Added +364.6k |
| MORGAN STANLEY 0.00% of their portfolio | 646.3k $53.8m | Reduced -20.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 555.4k $46.2m | Added +171.4k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 534.5k $44.5m | Reduced -40.1k |
| BROWN ADVISORY INC 0.05% of their portfolio | 502.2k $41.8m | Reduced -23.1k |
| ProShare Advisors LLC 0.09% of their portfolio | 438.3k $36.5m | Added +79.3k |
| River Road Asset Management, LLC 0.45% of their portfolio | 416.5k $34.7m | Reduced -127.1k |
| RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio | 389.9k $32.5m | Reduced -15.7k |
| Artisan Partners Limited Partnership 0.05% of their portfolio | 387.3k $32.2m | New |
| AQR CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 381.8k $31.8m | Added +91.2k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 367.9k $30.6m | Reduced -18.7k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 314.0k $26.1m | Reduced -13.0k |
| LSV ASSET MANAGEMENT 0.06% of their portfolio | 311.8k $26.0m | Reduced -25.7k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 301.9k $25.1m | Reduced -14.5k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 263.6k $21.9m | Added +41.2k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 233.3k $19.4m | Added +135.7k |
| SOUTHERNSUN ASSET MANAGEMENT, LLC 2.29% of their portfolio | 232.0k $19.3m | Reduced -106.3k |
| SYSTEMATIC FINANCIAL MANAGEMENT LP 0.49% of their portfolio | 229.6k $19.1m | Added +20.7k |
| Invesco Ltd. 0.00% of their portfolio | 222.0k $18.5m | Reduced -127.8k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.05% of their portfolio | 221.5k $18.4m | Added +818 |
| Silver Heights Capital Management Inc 7.28% of their portfolio | 209.0k $17.4m | Reduced -1.6k |
| EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 2.14% of their portfolio | 197.0k $16.4m | Added +801 |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 195.3k $16.3m | Reduced -317.1k |
| RWWM, INC. 1.43% of their portfolio | 186.4k $15.5m | Reduced -86.1k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 169.0k $13.7m | Added +18.4k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 161.6k $13.7m | Added +6.7k |
| TD Asset Management Inc 0.01% of their portfolio | 156.8k $13.3m | Reduced -1.6k |
| Kiltearn Partners LLP 1.75% of their portfolio | 154.7k $12.9m | Added +92.3k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 152.2k $12.7m | New |
| Connor, Clark & Lunn Investment Management Ltd. 0.06% of their portfolio | 147.0k $12.2m | Added +7.3k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 144.7k $12.0m | Reduced -130.2k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 143.1k $11.9m | Reduced -4.3k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 138.0k $11.5m | Reduced -3.3k |
| FMR LLC 0.00% of their portfolio | 133.7k $11.1m | Added +24.1k |
| UBS Group AG 0.00% of their portfolio | 130.5k $10.9m | Reduced -8.2k |
| Weiss Asset Management LP 0.28% of their portfolio | 130.3k $10.8m | New |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 121.4k $10.1m | Reduced -55.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 121.1k $10.1m | Reduced -13.2k |
| Kodai Capital Management LP 0.21% of their portfolio | 119.7k $10.0m | New |
| California Public Employees Retirement System 0.01% of their portfolio | 114.2k $9.5m | Added +8.2k |
| Legal & General Group Plc 0.00% of their portfolio | 108.9k $9.1m | Added +2.1k |
| Swiss National Bank 0.01% of their portfolio | 104.8k $8.7m | Reduced -700 |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 103.1k $8.6m | Added +10.8k |
| Meiji Yasuda Asset Management Co Ltd. 0.32% of their portfolio | 101.5k $8.4m | Reduced -1.9k |
| Fisher Asset Management, LLC 0.00% of their portfolio | 100.1k $8.3m | Reduced -86 |
| Brandywine Global Investment Management, LLC 0.05% of their portfolio | 90.2k $7.3m | Added +17.6k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 89.8k $7.5m | Reduced -83.3k |
| Holocene Advisors, LP 0.03% of their portfolio | 85.8k $7.1m | Added +5.3k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 84.2k $7.0m | Reduced -133.5k |
| MAIRS & POWER INC 0.06% of their portfolio | 78.7k $6.6m | Reduced -282.9k |
| NORGES BANK 0.00% of their portfolio | 78.0k $6.5m | Unchanged |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio | 72.8k $6.1m | Reduced -29.8k |
| LPL Financial LLC 0.00% of their portfolio | 72.2k $6.0m | Added +7.5k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 70.8k $5.9m | Reduced -13.8k |
| Jump Financial, LLC 0.12% of their portfolio | 70.1k $5.8m | Added +55.7k |
| Creative Planning 0.01% of their portfolio | 68.8k $5.7m | Added +7.2k |
| Gotham Asset Management, LLC 0.06% of their portfolio | 68.0k $5.7m | Reduced -40.0k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.02% of their portfolio | 65.2k $5.4m | Added +16.7k |
| Hunter Perkins Capital Management, LLC 1.09% of their portfolio | 64.7k $5.4m | Reduced -250 |
| BENJAMIN EDWARDS INC 0.08% of their portfolio | 63.9k $5.3m | Added +63.2k |
| Retirement Systems of Alabama 0.02% of their portfolio | 63.7k $5.3m | Reduced -75.2k |
| AdvisorShares Investments LLC 1.00% of their portfolio | 62.6k $5.2m | Added +992 |
| Corebridge Financial, Inc. 0.03% of their portfolio | 62.0k $5.2m | Reduced -5.2k |
| Verition Fund Management LLC 0.03% of their portfolio | 61.6k $5.1m | Added +54.9k |
| ALPS ADVISORS INC 0.03% of their portfolio | 57.9k $4.8m | Reduced -5.5k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 57.3k $4.8m | Reduced -1.8k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 54.6k $4.5m | Reduced -248.6k |
| HM PAYSON & CO 0.08% of their portfolio | 54.1k $4.5m | Reduced -1.1k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.10% of their portfolio | 53.3k $4.4m | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 51.4k $4.3m | Reduced -1.5k |
| Mariner, LLC 0.01% of their portfolio | 51.1k $4.3m | Reduced -2.0k |
| S&T Bank/PA 1.08% of their portfolio | 49.4k $4.1m | Reduced -2.0k |
| Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio | 47.1k $3.9m | Reduced -5.9k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 43.8k $3.6m | Added +27.4k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 42.9k $3.6m | Added +1.5k |
| Squarepoint Ops LLC 0.01% of their portfolio | 42.6k $3.5m | New |
| Cerity Partners LLC 0.01% of their portfolio | 41.6k $3.5m | Added +4.3k |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 41.0k $2.9m | Added +10.7k |
| CAPITAL FUND MANAGEMENT S.A. 0.04% of their portfolio | 39.3k $3.3m | Reduced -51.0k |
| Aquatic Capital Management LLC 0.09% of their portfolio | 39.2k $3.3m | Reduced -11.8k |
| Round Hill Asset Management 2.15% of their portfolio | 39.1k $3.3m | Reduced -791 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 38.8k $3.2m | Unchanged |
| BARCLAYS PLC 0.00% of their portfolio | 38.8k $3.2m | Reduced -6.5k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio | 38.5k $3.2m | Added +18.6k |
| READYSTATE ASSET MANAGEMENT LP 0.17% of their portfolio | 38.4k $3.2m | New |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 38.2k $3.2m | Reduced -53.4k |
| Goelzer Investment Management, Inc. 0.17% of their portfolio | 38.0k $3.2m | Reduced -844 |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 37.2k $3.1m | Reduced -727 |
| ARGA Investment Management, LP 0.10% of their portfolio | 35.2k $2.9m | Added +10.5k |