Polaris Capital Management LLC is an employee owned investment manager that provides its services to different entities including endowments, institutions, high net-worth individuals, institutions, and more. The firm manages separate client focused equity portfolios, equity mutual funds, and mixed vehicles for investors. The top three holdings of Polaris Capital Management LLC for the financial quarter ended September 30, 2014, were Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA), Infosys Ltd ADR (NYSE:INFY), and BHP Billiton plc (LON:BLT), according to its SEC 13F filings.
Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) came forth as the topmost holding of Polaris Capital Management LLC with a total of $87.37 million in value. Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) is an Israel pharmaceutical company that was founded in 1901. The company develops and manufactures generic and specialty drugs sold across the globe. Point State Capital was the largest holder of the company with a total of 10.39 million shares. The second holding was Highfields Capital Management with 6.37 million shares in total. (You can see complete list on hedge funds which hold positions on Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) at the end of the third quarter).
Infosys Ltd ADR (NYSE:INFY) emerged second on the list with investment totaling $78.96 million. Infosys Ltd ADR (NYSE:INFY) is a multinational technology-based company that provides information technology, business consultancy, software engineering and outsourcing services to a wide range of clients. The company has recently been working on expanding its services in the U.S. Infosys Ltd ADR (NYSE:INFY) will be hiring over 2,100 employees in a territory that accounts for approximately 60% of its overal business.
The company to close the top three cap of investments of Polaris Capital Management LLC for the third quarter was BHP Billiton plc (LON:BLT), representing investment valued at $62.37 million. BHP Billiton plc (LON:BLT) is an Australian international resources company that operates in the areas of mining, metals and petroleum supplies. The company’s shares has gone down 18.6% over the past 3 months to trade at prices below $30, its lowest in more than five years. BHP Billiton plc (LON:BLT) has recently received a “neutral” rating from Credit Suisse. Credit Suisse has a price target of $28.95 on the stock.
This article has been written by Victor Ochieng.