Polaris Equity Management

Polaris Equity Management as of Sept. 30, 2010

Portfolio Holdings for Polaris Equity Management

Polaris Equity Management holds 268 positions in its portfolio as reported in the September 2010 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Vanguard Total Bond Market ETF (BND) 6.0 $952M 12k 82662.82
Chevron Corporation (CVX) 5.3 $845M 10k 81050.04
iShares S&P US Pref Stock Idx Fnd (PFF) 5.1 $813M 20k 39780.01
Franklin Res 4.3 $684M 16k 43420.05
Vanguard Short-Term Bond ETF (BSV) 3.8 $600M 7.3k 81750.00
Ishares Barclays 1-3 Year Treasury Bond etf 3.6 $582M 19k 31045.22
Charles Schwab Corporation (SCHW) 3.6 $570M 41k 13900.00
Spdr S&p 500 Etf Tr tr unit 3.5 $560M 14k 40966.42
Ishares S&p North American Tech-semiconducto etf 2.8 $445M 52k 8606.24
Apple Computer 2.7 $429M 1.5k 283750.33
Ishares S&p Midcap Growth 400 etf 2.7 $429M 84k 5079.81
iShares MSCI EAFE Index Fund (EFA) 2.7 $426M 7.8k 54919.95
Intel Corporation (INTC) 2.2 $349M 18k 19200.00
Berkshire Hath-cl B 1.9 $306M 3.7k 82680.00
Ishares S&p 500 Growth etf 1.9 $302M 89k 3383.92
Extreme Networks (EXTR) 1.6 $249M 80k 3110.00
Vanguard Small-Cap Growth ETF (VBK) 1.5 $240M 3.6k 66790.09
Vanguard Mid-Cap Growth ETF (VOT) 1.5 $235M 4.3k 54099.95
Vanguard Small-Cap Value ETF (VBR) 1.4 $231M 3.9k 59700.10
Vanguard Mid-Cap Value ETF (VOE) 1.4 $219M 4.5k 48450.07
Vanguard Emerging Markets ETF (VWO) 1.1 $180M 4.0k 45460.03
Vanguard Mega Cap 300 Growth Index ETF (MGK) 1.1 $179M 4.2k 42679.89
iShares FTSE KLD Select Scil Idx (SUSA) 1.1 $174M 3.5k 49640.00
PG&E Corporation (PCG) 1.1 $171M 3.8k 45419.97
iShares FTSE KLD 400 Social Idx (DSI) 1.1 $172M 4.0k 42926.00
Vanguard High Dividend Yield ETF (VYM) 1.1 $168M 4.3k 38959.94
Acacia Resh Corp acacia tch 0.9 $144M 8.2k 17600.00
Ishares Ftse/xinhua China 25 Index etf 0.9 $141M 73k 1918.54
Vanguard Dividend Appreciation ETF (VIG) 0.8 $126M 2.6k 48719.98
PowerShares QQQ Trust, Series 1 0.8 $126M 2.6k 49072.71
Honeywell International (HON) 0.7 $107M 2.4k 43939.85
Qwest Communications International 0.7 $105M 17k 6270.00
iShares MSCI Brazil Index (EWZ) 0.6 $100M 1.3k 76948.26
McDonald's Corporation (MCD) 0.6 $95M 1.3k 74509.77
Vanguard Materials ETF (VAW) 0.6 $91M 1.3k 70899.69
Industrial SPDR (XLI) 0.6 $89M 2.8k 31280.06
Devon Energy Corporation (DVN) 0.5 $87M 1.3k 64740.10
General Electric Company 0.5 $86M 5.3k 16249.95
Vanguard Energy ETF (VDE) 0.5 $87M 1.0k 82729.96
Kinder Morgan Energy Partners 0.5 $80M 1.2k 68500.00
Vanguard Consumer Discretionary ETF (VCR) 0.5 $81M 1.5k 53720.00
iShares MSCI Netherlands Investable (EWN) 0.5 $78M 3.9k 20320.00
Cisco Systems (CSCO) 0.5 $75M 3.4k 21900.15
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.5 $73M 647.00 113089.64
Microsoft Corporation (MSFT) 0.5 $72M 2.9k 24490.12
Lockheed Martin Corporation (LMT) 0.4 $69M 966.00 71279.50
Public Storage (PSA) 0.4 $68M 700.00 97040.00
Vanguard Total Stock Market ETF (VTI) 0.4 $67M 1.1k 58370.31
Fidelity Convertible Secs mutual funds 0.4 $66M 2.8k 23330.01
Consolidated Edison (ED) 0.4 $63M 1.3k 48220.35
Sapient Corporation 0.4 $62M 5.2k 11969.93
Morgan Stanley Cp Tr Iv P preferred 0.4 $60M 2.5k 24100.00
Citi 0.4 $59M 15k 3910.02
At&t (T) 0.3 $51M 1.8k 28600.23
Verizon Communications (VZ) 0.3 $51M 1.6k 32589.97
Air Prod & Chem 0.3 $52M 627.00 82819.78
Philip Morris International (PM) 0.3 $50M 892.00 56020.18
Titanium Metals Corporation 0.3 $49M 2.5k 19959.85
Ventas (VTR) 0.3 $48M 937.00 51569.90
Kraft Foods 0.3 $45M 1.5k 30860.16
Sprint Nextel Corporation 0.3 $44M 9.5k 4630.00
Alcon 0.3 $43M 259.00 166791.51
Walt Disney Company (DIS) 0.3 $42M 1.3k 33100.40
Yum! Brands (YUM) 0.3 $42M 900.00 46060.00
eBay (EBAY) 0.3 $42M 1.7k 24399.77
Hewlett-Packard Company 0.3 $42M 1.0k 42070.00
Molson Coors Brewing Company (TAP) 0.2 $40M 852.00 47219.48
HCP 0.2 $38M 1.1k 35980.00
Consumer Discretionary SPDR (XLY) 0.2 $38M 1.1k 33410.26
Macerich Company (MAC) 0.2 $37M 861.00 42950.06
Emerson Electric (EMR) 0.2 $35M 657.00 52660.58
Altria (MO) 0.2 $35M 1.4k 24020.08
Praxair 0.2 $35M 386.00 90259.07
Oracle Corporation (ORCL) 0.2 $34M 1.3k 26850.35
Vanguard FTSE All-World ex-US ETF (VEU) 0.2 $35M 759.00 45400.53
SVB Financial (SIVBQ) 0.2 $34M 800.00 42320.00
Edison International (EIX) 0.2 $34M 1.0k 34390.00
Waste Management (WM) 0.2 $32M 892.00 35739.91
Linear Technology Corporation 0.2 $32M 1.0k 30730.22
American Express 0.2 $33M 779.00 42029.53
iShares Brclys Intrdte Gov/Crt Bd (GVI) 0.2 $31M 280.00 110610.71
Unitrin 0.2 $29M 1.2k 24389.92
Nexen 0.2 $29M 1.1k 25319.89
Wal-Mart Stores (WMT) 0.2 $27M 500.00 53520.00
Progress Energy 0.2 $27M 603.00 44419.57
General Dynamics Corporation (GD) 0.2 $28M 442.00 62809.95
Clorox Company (CLX) 0.2 $28M 419.00 66758.95
Annaly C 0.2 $27M 1.5k 17600.13
T. Rowe Price (TROW) 0.2 $26M 509.00 50064.83
Xilinx 0.2 $25M 937.00 26640.34
Bp Plc-spons 0.2 $25M 618.00 41169.90
Southern Company (SO) 0.2 $26M 699.00 37240.34
Block H & R 0.2 $26M 2.0k 12950.25
Exxon Mobil Corporation (XOM) 0.1 $24M 385.00 61789.61
SYSCO Corporation (SYY) 0.1 $23M 820.00 28519.51
Travelers Companies (TRV) 0.1 $24M 454.00 52099.12
Marathon Oil Corporation (MRO) 0.1 $24M 714.00 33099.44
New Oriental Education & Tech 0.1 $23M 960.00 24394.79
Phoenix Technologies 0.1 $25M 6.3k 3900.02
American Capital Agency 0.1 $24M 900.00 26570.00
Bk Of America Corp 0.1 $24M 1.8k 13102.66
D Otelco Inc unit 99/99/9999 0.1 $23M 1.5k 15490.00
Amr Corp Pines 7.875% convert 0.1 $23M 1.0k 23270.00
ICICI Bank (IBN) 0.1 $22M 444.00 49849.10
Johnson & Johnson (JNJ) 0.1 $23M 370.00 61959.46
Cardinal Health (CAH) 0.1 $23M 681.00 33039.65
Integrated Device Technology 0.1 $22M 3.8k 5849.92
Illinois Tool Works (ITW) 0.1 $22M 462.00 47019.48
PPL Corporation (PPL) 0.1 $22M 796.00 27229.90
J.M. Smucker Company (SJM) 0.1 $23M 376.00 60529.26
Allegheny Technologies Incorporated (ATI) 0.1 $23M 492.00 46449.19
D American Elec Pwr In C Com Stk Common Stock 0 0.1 $23M 633.00 36230.65
D Automatic Data Proce Ssing Inc Common Stock 0 0.1 $23M 552.00 42030.80
iShares Lehman 1-3 Year Treas.Bond (SHY) 0.1 $23M 215.00 105046.51
Bristol Myers Squibb (BMY) 0.1 $22M 794.00 27109.57
Lubrizol Corporation 0.1 $21M 200.00 105970.00
Campbell Soup Company (CPB) 0.1 $21M 573.00 35750.44
International Business Machines (IBM) 0.1 $21M 155.00 134141.94
Pepsi (PEP) 0.1 $21M 320.00 66440.62
Google 0.1 $21M 40.00 525800.00
Bb&t Corp 0.1 $21M 863.00 24079.95
Db Capital Funding X p 0.1 $21M 800.00 25570.00
Cnooc 0.1 $19M 100.00 194300.00
Harris Corporation 0.1 $20M 448.00 44290.18
Prudential Financial (PRU) 0.1 $19M 353.00 54181.30
IPATH MSCI India Index Etn 0.1 $18M 243.00 75761.32
Ace Limited Cmn 0.1 $18M 311.00 58250.80
Dominion Resources (D) 0.1 $18M 400.00 43660.00
ConocoPhillips (COP) 0.1 $18M 311.00 57430.87
General Mills (GIS) 0.1 $18M 496.00 36540.32
MarkWest Energy Partners 0.1 $18M 500.00 35920.00
United States Steel Corporation (X) 0.1 $18M 400.00 43840.00
Baxter Intl Inc Com Stk 0.1 $18M 383.00 47710.18
Anadarko Pete Corp 0.1 $18M 320.00 57050.00
Cheniere Energy Partners (CQP) 0.1 $17M 900.00 18680.00
Vanguard Mortgage Bkd Sects ETF (VMBS) 0.1 $17M 337.00 51195.85
Procter & Gamble Company (PG) 0.1 $17M 280.00 59971.43
Aflac 0.1 $16M 300.00 51710.00
Vanguard Intermediate-Term Bond ETF (BIV) 0.1 $17M 192.00 86718.75
Talisman Energy Inc Com Stk 0.1 $16M 934.00 17490.36
Buffalo Wild Wings 0.1 $17M 350.00 47891.43
Enterprise Products Partners (EPD) 0.1 $14M 360.00 39669.44
Cypress Semiconductor Corporation 0.1 $15M 1.2k 12580.00
Tri-Continental Corporation (TY) 0.1 $15M 1.2k 12330.08
Eaton Vance Risk Managed Diversified (ETJ) 0.1 $14M 1.0k 13920.00
Costco Wholesale Corporation (COST) 0.1 $13M 200.00 64490.00
Occidental Petroleum Corporation (OXY) 0.1 $13M 160.00 78300.00
Schlumberger (SLB) 0.1 $13M 208.00 61610.58
Techne Corporation 0.1 $12M 200.00 61730.00
ValueClick 0.1 $13M 1.0k 13080.00
Garmin (GRMN) 0.1 $12M 400.00 30350.00
Capstead Mtg Corp pfd b cv $1.26 0.1 $13M 900.00 14270.00
Huntington Bancshares Incorporated (HBAN) 0.1 $11M 1.9k 5690.11
Goldman Sachs (GS) 0.1 $12M 83.00 144578.31
E.I. du Pont de Nemours & Company 0.1 $11M 235.00 44621.28
iShares S&P 500 Index (IVV) 0.1 $12M 101.00 114485.15
Pos (PKX) 0.1 $11M 100.00 113980.00
Sohu 0.1 $12M 200.00 57620.00
iShares Dow Jones US Oil Equip. (IEZ) 0.1 $10M 236.00 44148.31
Eaton Vance Enhanced Equity Incm. Fd. II (EOS) 0.1 $12M 900.00 12930.00
Vectren Corporation 0.1 $11M 406.00 25869.46
Alexander & Bald 0.1 $11M 300.00 34840.00
Comcast Corp. 7.0% Pfd. p 0.1 $11M 400.00 26170.00
Monsanto Company 0.1 $9.6M 200.00 47930.00
Home Depot (HD) 0.1 $9.5M 300.00 31680.00
Pfizer (PFE) 0.1 $10M 600.00 17170.00
Transocean (RIG) 0.1 $8.9M 139.00 64287.77
Medtronic 0.1 $10M 300.00 33580.00
CVS Caremark Corporation (CVS) 0.1 $9.4M 300.00 31470.00
UnitedHealth (UNH) 0.1 $8.9M 254.00 35110.24
EMC Corporation 0.1 $10M 500.00 20310.00
Bac Capital Trust Xii 0.1 $10M 400.00 25180.00
iShares Lehman MBS Bond Fund (MBB) 0.1 $9.3M 85.00 109129.41
Great Atlantic & Pac Tea 0.1 $9.6M 500.00 19150.00
Aegon Nv 6.875% Pfd Series preferred 0.1 $9.6M 400.00 23950.00
Curtiss-Wright (CW) 0.1 $8.5M 280.00 30300.00
Texas Instruments Incorporated (TXN) 0.1 $8.1M 300.00 27140.00
Sara Lee 0.1 $7.3M 544.00 13430.15
Yahoo! 0.1 $8.5M 600.00 14170.00
China Uni 0.1 $7.3M 500.00 14560.00
MFA Mortgage Investments 0.1 $7.6M 1.0k 7630.00
Vanguard Industrials ETF (VIS) 0.1 $7.6M 131.00 57786.26
Boardwalk Pipeline 0.1 $7.3M 224.00 32651.79
Suntech Power Holdings 0.0 $5.8M 600.00 9640.00
Time Warner 0.0 $5.6M 183.00 30650.27
Paychex (PAYX) 0.0 $6.0M 220.00 27490.91
Windstream Corporation 0.0 $5.9M 482.00 12288.38
Pioneer Floating Rate Trust (PHD) 0.0 $6.1M 500.00 12130.00
Magyar Telekom (MYTAY) 0.0 $5.7M 350.00 16311.43
First Cash Financial Services 0.0 $5.8M 208.00 27750.00
RadiSys Corporation 0.0 $5.7M 600.00 9420.00
SPDR KBW Capital Markets (KCE) 0.0 $6.6M 200.00 32910.00
Chubb Corporation 0.0 $5.1M 90.00 56988.89
Time Warner Cable 0.0 $4.5M 83.00 53987.95
Coca-Cola Company (KO) 0.0 $4.7M 80.00 58525.00
3M Company (MMM) 0.0 $4.3M 50.00 86720.00
Genuine Parts Company (GPC) 0.0 $4.9M 110.00 44590.91
Kimberly-Clark Corporation (KMB) 0.0 $4.9M 75.00 65053.33
V.F. Corporation (VFC) 0.0 $4.9M 60.00 81016.67
Comerica Incorporated (CMA) 0.0 $5.1M 136.00 37147.06
Koninklijke Philips Electronics NV (PHG) 0.0 $4.4M 140.00 31321.43
Novartis (NVS) 0.0 $4.6M 80.00 57675.00
Diageo (DEO) 0.0 $4.1M 60.00 69016.67
United Technologies Corporation 0.0 $4.3M 60.00 71233.33
Walgreen Company 0.0 $4.4M 130.00 33500.00
Total (TTE) 0.0 $4.1M 80.00 51600.00
Accenture (ACN) 0.0 $4.7M 110.00 42490.91
Abbott Laboratories 0.0 $4.2M 80.00 52237.50
Linn Energy 0.0 $4.2M 130.00 31961.54
Bce (BCE) 0.0 $5.4M 165.00 32503.03
Flextronics International Ltd Com Stk (FLEX) 0.0 $4.8M 800.00 6040.00
British American Tobac (BTI) 0.0 $4.5M 60.00 74716.67
Nstar 0.0 $5.1M 130.00 39353.85
Cytori Therapeutics 0.0 $4.9M 1.0k 4890.00
Magellan Midstream Partners 0.0 $4.1M 80.00 51450.00
BECTON DICKINSON & CO Com Stk 0.0 $4.4M 60.00 74100.00
ING Prime Rate Trust 0.0 $4.6M 800.00 5730.00
Alcoa 0.0 $4.8M 400.00 12110.00
Applied Materials 0.0 $4.7M 400.00 11680.00
Bayer Ag-spons 0.0 $4.9M 70.00 69728.57
Metcash 0.0 $4.9M 1.2k 4231.30
Northern Trust Corporation (NTRS) 0.0 $3.9M 80.00 48237.50
Eli Lilly & Co. (LLY) 0.0 $3.7M 100.00 36530.00
Nucor Corporation (NUE) 0.0 $3.0M 79.00 38202.53
LSI Corporation 0.0 $2.5M 540.00 4550.00
Pioneer Natural Resources (PXD) 0.0 $2.6M 40.00 65025.00
ProShares Short S&P500 0.0 $2.7M 55.00 48909.09
Enbridge Energy Management 0.0 $4.0M 156.00 25371.79
salesforce (CRM) 0.0 $3.9M 35.00 111800.00
AllianceBernstein Holding (AB) 0.0 $3.4M 130.00 26407.69
Penn Virginia Resource Partners 0.0 $3.9M 160.00 24650.00
Ralcorp Holdings 0.0 $2.9M 50.00 58480.00
Elan Corporation 0.0 $2.5M 430.00 5751.16
Telefonos de Mexico 0.0 $3.4M 228.00 14929.82
KNIGHTSBRIDGE TANKERS LTD COM Stk 0.0 $3.8M 200.00 18900.00
iShares Russell Midcap Index Fund (IWR) 0.0 $3.3M 37.00 90378.38
iShares MSCI Pacific ex-Japan Idx (EPP) 0.0 $3.4M 77.00 44298.70
SPDR Barclays Capital Intl Tresy Bd ETF (BWX) 0.0 $2.5M 42.00 59952.38
SPDR Barclays Capital High Yield B 0.0 $2.7M 68.00 40014.71
Raytheon Company 0.0 $1.6M 34.00 45705.88
Valero Energy Corporation (VLO) 0.0 $1.1M 60.00 17516.67
Telefonica (TEF) 0.0 $1.9M 75.00 24720.00
Frontier Communications 0.0 $1.7M 202.00 8168.32
Public Service Enterprise (PEG) 0.0 $1.3M 38.00 33078.95
Aircastle 0.0 $848k 100.00 8480.00
iShares Russell 2000 Index (IWM) 0.0 $1.8M 27.00 67518.52
Macquarie Infrastructure Company 0.0 $1.6M 100.00 15500.00
LeapFrog Enterprises 0.0 $1.6M 300.00 5480.00
RRI Energy 0.0 $1.7M 473.00 3549.68
Dynegy 0.0 $974k 200.00 4870.00
Tel Offshore Trust 0.0 $1.3M 500.00 2550.00
Advanced Cell Technology 0.0 $1.2M 20k 59.10
E TRADE Financial Corporation 0.0 $729k 50.00 14580.00
Citadel Broadcasting Corp 0.0 $0 54.00 0.00
JDS Uniphase Corporation 0.0 $149k 12.00 12416.67
Telmx Intrncl Adr Eh Rptg 20 Sr L Wi adr/gdr 0.0 $0 228.00 0.00
Fairpoint Communications 0.0 $0 4.00 0.00
Mirant Corp w exp 1/3/11 0.0 $0 14.00 0.00
Highlands Insurance 0.0 $0 20.00 0.00
Vanguard Small-Cap ETF (VB) 0.0 $444k 7.00 63428.57
PostRock Energy Corporation 0.0 $191k 58.00 3293.10
Us Natural Gas Fd Etf 0.0 $62k 10.00 6200.00
Touch America Holding 0.0 $0 800.00 0.00
National Heritage Inds 0.0 $5.0k 5.00 1000.00
Omnisky Corp 0.0 $0 100.00 0.00
Surebeam Corp Delisted 10/24/0 0.0 $0 34.00 0.00
Arctic Glacier Income Fd Tr Un 0.0 $748k 400.00 1870.00
Pacific Gas & Elec Co Pfd 1st preferr 0.0 $213k 10.00 21300.00