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Bernard Horn | PGVFXMutual Fund | |
| Polaris Global Value Fund | |
| Last update 2026-04-30 | 85 Stocks (2 new) |
| Value $492.00 Mil | Turnover 3 % |
Bernard Horn Profile
The Polaris team has 150+ years of collective industry expertise, led by Bernard Horn, who has been in investment management since the early 1980s. The Boston-based firm has one of the longest global and international track records of any firm presently in operation and continuously managed by the same individuals.
The Polaris Global Value Fund (PGVFX) is a diversified no-load global mutual fund that attempts to provide above-average returns by investing in companies with potentially strong sustainable free cash flow or undervalued assets.
The Polaris Global Value Fund (PGVFX) is a diversified no-load global mutual fund that attempts to provide above-average returns by investing in companies with potentially strong sustainable free cash flow or undervalued assets.
Bernard Horn Investing Philosophy
Polaris' philosophy is based on two basic beliefs: (i) country and industry factors are important determinants of security prices, and (ii) global market fluctuations produce mispriced stocks. Global markets have proven generally efficient over time, but investor behavior creates volatility that leads to inefficiency somewhere in the world. During these periods, the stock price may not reflect a company's long-term fundamental valuation and/or future cash flows. We seek to buy such undervalued companies worldwide.
Bernard Horn Top Holdings of 2026-03-31
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| Ticker | | Company | Shares | Value ($1000) | Shares Change % | Weighting % | Trade Impact % | % of Shares outstanding | 3M Change % | YTD Change % | Market Cap $Mil | Industry |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XKRX:005930 | Samsung Electronics Co Ltd | 133,758 | 14,601.5 | 0% | 2.970 | 0% | 0.000 | -5.53% | +124.23% | 1,695,488,741.9 | Hardware | |
XKRX:000660 | SK Hynix Inc | 26,600 | 14,015.1 | -13.64% | 2.850 | -0.40% | 0.000 | -19.37% | +145.19% | 1,130,798,841.4 | Semiconductors | |
UTHR | United Therapeutics Corp | 23,600 | 13,994.3 | 0% | 2.840 | 0% | 0.050 | -13.51% | +2.88% | 21,499.8 | Drug Manufacturers | |
TSE:8002 | Marubeni Corp | 283,700 | 10,042.7 | 0% | 2.040 | 0% | 0.020 | -13.38% | +15.37% | 8,089,021.5 | Conglomerates | |
MPC | Marathon Petroleum Corp | 36,282 | 8,859.3 | 0% | 1.800 | 0% | 0.010 | +43.61% | +121.07% | 100,077.5 | Oil & Gas | |
GILD | Gilead Sciences Inc | 63,000 | 8,780.3 | 0% | 1.780 | 0% | 0.010 | +4.51% | +13.93% | 171,287.4 | Drug Manufacturers | |
MIL:ENI | Eni SpA | 300,400 | 8,628.4 | 0% | 1.750 | 0% | 0.010 | +1.74% | +50.23% | 68,451.3 | Oil & Gas | |
LNTH | Lantheus Holdings Inc | 111,700 | 8,472.5 | 0% | 1.720 | 0% | 0.170 | +4.64% | +51.68% | 6,588.6 | Drug Manufacturers | |
BPOP | Popular Inc | 61,300 | 8,224.6 | 0% | 1.670 | 0% | 0.090 | +24.29% | +43.62% | 11,283.7 | Banks | |
XKRX:055550 | Shinhan Financial Group Co Ltd | 142,000 | 8,130.7 | 0% | 1.650 | 0% | 0.030 | +12.80% | +41.91% | 50,043,395.4 | Banks |
Bernard Horn's Historical Top Holdings Breakdowns
Bernard Horn's Top Stock Picks
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| Ticker | | Company | Date | Action | Impact % | Price Range | Price | Price Change from Avrg% | Comment | Current Shares | Share Change |
|---|---|---|---|---|---|---|---|---|---|---|---|
EMN | Eastman Chemical Co | 2026-03-31 | New Buy New Buy | +1.28% | 64.34 ($72.08) 81.36 | $73.77 | 2.34% | New holding | 82,300 | 82,300 | |
DUB:RYA | Ryanair Holdings PLC | 2026-03-31 | New Buy New Buy | +1.28% | 23.87 (€27.27) 29.97 | €24.65 | -9.61% | New holding | 227,600 | 227,600 | |
XPAR:CAP | Capgemini SE | 2026-03-31 | Sold Out Sold Out | -1.17% | 96.2 (€117.63) 150.85 | €106.00 | -9.89% | Sold Out | 0 | -33,200 | |
SBH | Sally Beauty Holdings Inc | 2026-03-31 | Sold Out Sold Out | -1.05% | 13.3 ($15.25) 17 | $16.54 | 8.46% | Sold Out | 0 | -351,529 | |
TSX:MX | Methanex Corp | 2026-03-31 | Sold Out Sold Out | -0.83% | 55.97 (C$68.93) 90.57 | C$75.52 | 9.56% | Sold Out | 0 | -99,237 | |
XSGO:LTM | LATAM Airlines Group SA | 2026-03-31 | Add Add | +0.72% | 21.6 (CLP25.05) 29.55 | CLP24.69 | -1.44% | Add 107.91% | 275,167,800 | 142,817,300 | |
TSX:LUN | Lundin Mining Corp | 2026-03-31 | Reduce Reduce | -0.49% | 29.43 (C$35.06) 44.41 | C$35.08 | 0.06% | Reduce -46.84% | 122,800 | -108,200 | |
MKSI | MKS Inc | 2026-03-31 | Reduce Reduce | -0.48% | 168.36 ($226.13) 262.94 | $306.29 | 35.45% | Reduce -33.18% | 28,800 | -14,300 | |
UNH | UnitedHealth Group Inc | 2026-03-31 | Sold Out Sold Out | -0.44% | 259.02 ($297.81) 356.26 | $399.06 | 34.00% | Sold Out | 0 | -6,368 | |
XKRX:000660 | SK Hynix Inc | 2026-03-31 | Reduce Reduce | -0.40% | 651000 (₩867778) 1099000 | ₩1,593,000.00 | 83.57% | Reduce -13.64% | 26,600 | -4,200 |
Bernard Horn Total Holding History ($B)
Bernard Horn's Asset Allocation
Bernard Horn Past Portfolios
| Portfolio Date | Number of Stocks | New Stocks | Total Value ($Mil) | Q/Q Turnover |
|---|---|---|---|---|
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Bernard Horn's Hypothetical Growth since 2026-03-31
Bernard Horn's Yearly Returns
This information is only displayed for Gurus who publicly disclose audited performance records; most hedge funds and private investment firms do not publish such data or only provide limited historical performance information.
| Year | Portfolio % | % | Excess Gain % |
|---|
Bernard Horn's Holdings Heat Map
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Bernard Horn's Holdings Bubble Chart
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