
What smart money is saying about Polaris
2 funds in our archive have pitched Polaris, most recently Bristlemoon Capital Global Fund in September 2026.
Polaris Inc. is a global enterprise specializing in the design, engineering, production, and distribution of powersports vehicles. Its business is structured across three primary segments: Off-Road, On-Road, and Marine. The company's off-road lineup features all-terrain vehicles (ATVs), side-by-side utility vehicles, snowmobiles, and innovative snow bike conversion systems. This segment also produces low-emission, light-duty transport, passenger, and industrial vehicles. For paved roads, Polaris offers a selection of motorcycles, quadricycles, and moto-roadsters. Beyond the vehicles themselves, Polaris provides an extensive array of complementary accessories. For off-road vehicles, these include functional items like winches, plows, and tracks, as well as comfort and style elements such as cab systems, lighting, audio, and specialized wheels. Snowmobile owners can find covers, traction enhancers, electric starters, and various bags and windshields. Motorcycle enthusiasts have access to saddlebags, custom handlebars, exhaust systems, and decorative chrome. Furthermore, Polaris markets a full range of protective gear and apparel, encompassing helmets, jackets, gloves, and boots. Within its Marine division, the company manufactures both pontoon and deck boats. Polaris products are sold through a broad network of dealers and distributors, and directly via its online platforms. Aftermarket parts, apparel, and accessories are additionally available through its 101 physical retail centers, call centers, and e-commerce websites. Founded in 1954 as Polaris Industries Inc., the company's headquarters are located in Medina, Minnesota.
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Position history
Between Q1 2025 and Q3 2026, 3 fund letters reported a position in Polaris, with 2 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 0 | 0 | 0 | 1 |
| Q2 2025 | 1 | 0 | 1 | 1 |
| Q1 2025 | 2 | 0 | 1 | 0 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 3 positions · 3 moves
- ExitedBA Beutel Goodman US Value FundJune 2025
“We also trimmed our holdings in Polaris Inc., Gentex Corp. and Somnigroup International Inc. (formerly Tempur Sealy International Inc.) before liquidating the positions. Polaris was sold as it no longer met the conditions of our cautious approach to balance sheet resilience.”
Polaris - March 2025
“During the first quarter of 2025, we fully exited Polaris Industries, Inc. (PII).”
Polaris - March 2025
“During the first quarter of 2025, we fully exited Polaris Industries, Inc. (PII).”
Polaris
Fund coverage · 2 theses
- Bristlemoon Capital Global FundSeptember 2026
Polaris is benefiting from dealer restocking, but slowing retail demand and pressured consumers call its earnings growth expectations into question.
Read the full thesis - Legacy RidgeJune 2025
The company is undervalued due to poor capital allocation decisions, but with a strategic approach, its stock could potentially reach $200, making it an attractive investment at the current price of $47.
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