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 ($4.2m this quarter). Holder counts are more reliable. Shares outstanding: 56.1m as of 2025-02-11, 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 ≈ $57.64. Options: 13 managers hold calls ($16.6m notional), 20 hold puts ($43.6m).
Trends to Q4 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 |
| Q4 2024 | 434 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q4 2024 | 219 | 214 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $51.2m | $67.7m | 1.32 |
| Q2 2024 | $76.0m | $74.3m | 0.98 |
| Q3 2024 | $39.9m | $57.3m | 1.44 |
| Q4 2024 | $16.6m | $43.6m | 2.62 |
Biggest buyers
| RWWM, INC. | Added | +703.3k |
| Artisan Partners Limited Partnership | Added | +513.5k |
| Auto-Owners Insurance Co | New | +400.0k |
| Capital World Investors | Added | +388.1k |
| NORGES BANK | Added | +350.0k |
| STATE STREET CORP | Added | +335.1k |
| AMERICAN CENTURY COMPANIES INC | Added | +244.3k |
| Bank of New York Mellon Corp | Added | +241.9k |
| MORGAN STANLEY | Added | +241.5k |
| HAWK RIDGE CAPITAL MANAGEMENT LP | New | +227.4k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -2.4m |
| Select Equity Group, L.P. | Reduced | -1.3m |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -173.5k |
| BANK OF AMERICA CORP /DE/ | Reduced | -126.2k |
| Kodai Capital Management LP | Sold out | -119.7k |
| Fisher Asset Management, LLC | Sold out | -100.1k |
| Brandywine Global Investment Management, LLC | Sold out | -90.2k |
| AdvisorShares Investments LLC | Sold out | -62.6k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -58.3k |
| BANK OF MONTREAL /CAN/ | Reduced | -46.9k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $6.5m112.9k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $1.9m33.0k shares |
| Walleye Capital LLC | Added | $1.4m24.2k shares |
| IMC-Chicago, LLC | Reduced | $1.3m22.5k shares |
| PEAK6 LLC | First filing | $1.2m20.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.1m18.8k shares |
| WOLVERINE TRADING, LLC | Added | $954.6k16.7k shares |
| JANE STREET GROUP, LLC | Reduced | $812.4k14.1k shares |
| Cubist Systematic Strategies, LLC | Added | $766.3k13.3k shares |
| Walleye Trading LLC | Added | $507.1k8.8k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $7.5m130.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $6.1m105.1k shares |
| SIMPLEX TRADING, LLC | Added | $5.2m90.2k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $3.5m60.3k shares |
| PEAK6 LLC | First filing | $3.4m58.8k shares |
| Balyasny Asset Management L.P. | New | $2.9m50.0k shares |
| WOLVERINE TRADING, LLC | Added | $2.8m49.0k shares |
| D. E. Shaw & Co., Inc. | Added | $2.7m46.5k shares |
| JANE STREET GROUP, LLC | Added | $2.5m43.2k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $1.9m32.8k 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 Q4 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
None reported in Q4 2024.
Holders, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| Capital World Investors 0.05% of their portfolio | 6.2m $354.7m | Added +388.1k |
| VANGUARD GROUP INC 0.01% of their portfolio | 5.6m $325.1m | Added +39.9k |
| BlackRock, Inc. 0.01% of their portfolio | 4.7m $271.5m | Added +165.7k |
| STATE STREET CORP 0.01% of their portfolio | 3.2m $186.7m | Added +335.1k |
| Beutel, Goodman & Co Ltd. 0.87% of their portfolio | 2.8m $159.9m | Added +69.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.11% of their portfolio | 2.3m $131.6m | Added +21.1k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 1.1m $61.7m | Added +163.0k |
| CONFLUENCE INVESTMENT MANAGEMENT LLC 0.81% of their portfolio | 1.0m $58.7m | Reduced -21.1k |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 995.9k $57.4m | Added +244.3k |
| Artisan Partners Limited Partnership 0.08% of their portfolio | 900.9k $51.9m | Added +513.5k |
| RWWM, INC. 4.68% of their portfolio | 889.7k $51.3m | Added +703.3k |
| MORGAN STANLEY 0.00% of their portfolio | 887.8k $51.2m | Added +241.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 864.2k $49.8m | Reduced -5.8k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 776.5k $44.7m | Added +241.9k |
| Select Equity Group, L.P. 0.16% of their portfolio | 669.4k $38.6m | Reduced -1.3m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 555.3k $32.0m | Reduced -103 |
| BROWN ADVISORY INC 0.04% of their portfolio | 525.0k $30.3m | Added +22.9k |
| ProShare Advisors LLC 0.06% of their portfolio | 472.3k $27.2m | Added +34.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 445.0k $25.6m | Added +77.0k |
| NORGES BANK 0.00% of their portfolio | 428.0k $24.7m | Added +350.0k |
| River Road Asset Management, LLC 0.31% of their portfolio | 410.8k $23.7m | Reduced -5.8k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 404.0k $23.3m | Added +170.7k |
| Auto-Owners Insurance Co 0.52% of their portfolio | 400.0k $23.0m | New |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 377.9k $21.8m | First filing |
| LSV ASSET MANAGEMENT 0.04% of their portfolio | 310.3k $17.9m | Reduced -1.5k |
| SOUTHERNSUN ASSET MANAGEMENT, LLC 2.05% of their portfolio | 285.0k $16.4m | Added +53.0k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 274.3k $15.8m | Reduced -39.7k |
| Kiltearn Partners LLP 2.61% of their portfolio | 274.2k $15.8m | Added +119.5k |
| EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 2.02% of their portfolio | 265.5k $15.3m | Added +68.5k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 262.9k $15.2m | Reduced -652 |
| SYSTEMATIC FINANCIAL MANAGEMENT LP 0.36% of their portfolio | 247.2k $14.2m | Added +17.6k |
| HAWK RIDGE CAPITAL MANAGEMENT LP 0.62% of their portfolio | 227.4k $13.1m | New |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 226.2k $13.0m | Added +81.4k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.03% of their portfolio | 223.8k $12.9m | Added +2.4k |
| Silver Heights Capital Management Inc 5.35% of their portfolio | 209.0k $12.0m | Reduced -74 |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 208.3k $12.0m | Reduced -173.5k |
| Invesco Ltd. 0.00% of their portfolio | 199.5k $11.5m | Reduced -22.5k |
| Squarepoint Ops LLC 0.03% of their portfolio | 177.2k $10.2m | Added +134.6k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.04% of their portfolio | 175.7k $10.1m | Added +102.9k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 175.7k $10.1m | Added +23.5k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 175.7k $10.1m | Reduced -126.2k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 174.6k $10.1m | Added +143.4k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 162.3k $9.4m | Added +107.6k |
| Connor, Clark & Lunn Investment Management Ltd. 0.04% of their portfolio | 161.8k $9.3m | Added +14.8k |
| UBS Group AG 0.00% of their portfolio | 155.3k $9.0m | Added +24.8k |
| TD Asset Management Inc 0.01% of their portfolio | 144.9k $8.4m | Reduced -11.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 143.7k $8.3m | Added +22.6k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 143.5k $8.3m | Added +391 |
| FMR LLC 0.00% of their portfolio | 141.8k $8.2m | Added +8.2k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 137.0k $7.9m | Reduced -58.3k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 134.2k $7.7m | Reduced -34.9k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 134.0k $7.7m | Reduced -4.0k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 122.3k $7.0m | Added +19.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 120.1k $6.9m | Reduced -1.2k |
| Divisar Capital Management LLC 1.50% of their portfolio | 120.0k $6.9m | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 119.7k $6.9m | Reduced -2.4m |
| Meiji Yasuda Asset Management Co Ltd. 0.25% of their portfolio | 116.3k $6.7m | Added +14.8k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.11% of their portfolio | 115.4k $6.6m | First filing |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 114.7k $6.6m | Reduced -46.9k |
| NUANCE INVESTMENTS, LLC 0.25% of their portfolio | 109.4k $6.3m | New |
| KENNEDY CAPITAL MANAGEMENT LLC 0.14% of their portfolio | 108.9k $6.3m | Added +55.5k |
| Legal & General Group Plc 0.00% of their portfolio | 108.3k $6.2m | Reduced -591 |
| Swiss National Bank 0.00% of their portfolio | 104.2k $6.0m | Reduced -600 |
| California Public Employees Retirement System 0.00% of their portfolio | 104.1k $6.0m | Reduced -10.1k |
| NATIXIS 0.04% of their portfolio | 103.5k $6.0m | New |
| Engineers Gate Manager LP 0.10% of their portfolio | 100.0k $5.8m | New |
| Holocene Advisors, LP 0.02% of their portfolio | 98.9k $5.7m | Added +13.1k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 98.4k $5.7m | Added +68.7k |
| Aquatic Capital Management LLC 0.15% of their portfolio | 96.5k $5.6m | Added +57.3k |
| VAN ECK ASSOCIATES CORP 0.01% of their portfolio | 94.4k $5.4m | Added +53.4k |
| Quantinno Capital Management LP 0.05% of their portfolio | 93.4k $5.4m | Added +66.6k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 87.4k $5.0m | Reduced -2.4k |
| Jump Financial, LLC 0.11% of their portfolio | 86.9k $5.0m | Added +16.8k |
| Hunter Perkins Capital Management, LLC 1.04% of their portfolio | 86.2k $5.0m | Added +21.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 77.7k $4.5m | Added +63.8k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 70.0k $4.0m | Reduced -14.2k |
| LPL Financial LLC 0.00% of their portfolio | 69.4k $4.0m | Reduced -2.8k |
| ALPS ADVISORS INC 0.02% of their portfolio | 68.0k $3.9m | Added +10.1k |
| Creative Planning 0.00% of their portfolio | 67.6k $3.9m | Reduced -1.2k |
| Retirement Systems of Alabama 0.01% of their portfolio | 63.7k $3.7m | Added +84 |
| CITIGROUP INC 0.00% of their portfolio | 63.5k $3.7m | Added +55.1k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 62.6k $3.6m | Reduced -8.2k |
| BENJAMIN EDWARDS INC 0.05% of their portfolio | 60.6k $3.5m | Reduced -3.4k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.01% of their portfolio | 59.3k $3.4m | Reduced -5.9k |
| Corebridge Financial, Inc. 0.02% of their portfolio | 59.3k $3.4m | Reduced -2.6k |
| MAIRS & POWER INC 0.03% of their portfolio | 56.8k $3.3m | Reduced -22.0k |
| Verition Fund Management LLC 0.02% of their portfolio | 55.2k $3.2m | Reduced -6.4k |
| Allianz Asset Management GmbH 0.00% of their portfolio | 54.6k $3.1m | New |
| HM PAYSON & CO 0.05% of their portfolio | 53.6k $3.1m | Reduced -425 |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 53.2k $3.1m | Reduced -4.1k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio | 51.9k $3.0m | First filing |
| Mariner, LLC 0.01% of their portfolio | 51.8k $3.0m | Added +625 |
| BARCLAYS PLC 0.00% of their portfolio | 51.1k $2.9m | Added +12.3k |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 50.5k $2.9m | Added +49.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 49.5k $2.8m | Reduced -1.9k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 47.7k $2.7m | Added +3.9k |
| Man Group plc 0.01% of their portfolio | 43.9k $2.5m | New |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 43.4k $2.5m | Added +501 |
| Cerity Partners LLC 0.01% of their portfolio | 42.2k $3.4m | Added +612 |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 41.4k $2.4m | Added +3.2k |