Polaris Equity Management

Polaris Equity Management as of June 30, 2011

Portfolio Holdings for Polaris Equity Management

Polaris Equity Management holds 202 positions in its portfolio as reported in the June 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Ishares Dow Jones U.s. Technology Sector Ind etf 6.2 $883M 75k 11756.61
Spdr Barclays Capital High Yield Bond etf 6.1 $878M 72k 12269.47
iShares S&P US Pref Stock Idx Fnd (PFF) 4.3 $621M 16k 39660.00
Vanguard Total Bond Market ETF (BND) 4.2 $609M 7.5k 81159.18
Ishares S&p Midcap Growth 400 etf 3.9 $554M 50k 11072.77
Alpha & Omega Semiconductor (AOSL) 3.7 $530M 40k 13250.00
Ishares S&p Midcap Value 400 etf 3.6 $522M 90k 5830.12
Ishares S&p Smallcap Growth etf 3.2 $460M 80k 5725.52
Ishares Russell 2000 Growth etf 3.2 $457M 47k 9733.39
International Business Machines (IBM) 2.6 $371M 2.2k 171550.16
Vanguard Emerging Markets Stock Etf etf 2.0 $282M 26k 10690.92
iShares S&P 500 Growth Index (IVW) 1.9 $273M 3.9k 69472.01
Vanguard Mid-Cap Value ETF (VOE) 1.9 $268M 4.7k 56589.91
Exxon Mobil Corporation (XOM) 1.9 $266M 3.3k 81379.93
Ishares S&p 500 Value etf 1.8 $264M 85k 3111.52
Extreme Networks (EXTR) 1.8 $259M 80k 3240.00
Ishares Barclays 1-3 Year Treasury Bond etf 1.8 $251M 86k 2913.13
Vanguard Long Term Corporate Bond ETF (VCLT) 1.7 $250M 3.2k 78230.00
Vanguard Small-Cap Growth ETF (VBK) 1.6 $235M 2.7k 85899.85
Ishares S&p Smallcap Value 600 etf 1.6 $231M 97k 2370.75
Vanguard Short-Term Bond ETF (BSV) 1.4 $205M 2.5k 81029.98
Vanguard Mid-Cap Growth ETF (VOT) 1.4 $204M 3.0k 68020.03
iShares FTSE KLD Select Scil Idx (SUSA) 1.4 $202M 3.5k 57710.00
iShares FTSE KLD 400 Social Idx (DSI) 1.4 $196M 4.0k 48940.00
Vanguard Small-Cap Value ETF (VBR) 1.2 $172M 2.5k 70080.08
Lockheed Martin Corporation (LMT) 1.1 $165M 2.0k 80970.02
Vanguard Mega Cap 300 Growth Index ETF (MGK) 1.1 $165M 3.3k 49489.96
Honeywell International (HON) 1.1 $157M 2.6k 59590.05
SPDR S&P Semiconductor (XSD) 1.1 $154M 2.8k 56000.00
Berkshire Hath-cl B 1.1 $151M 2.0k 77390.26
Vanguard Intermediate Tm Cpte Bd ETF (VCIT) 1.0 $140M 1.8k 80206.86
Ishares Russell Midcap Growth etf 0.8 $121M 99k 1221.76
Vanguard Dividend Appreciation ETF (VIG) 0.8 $114M 2.0k 55990.18
Vanguard Information Technology ETF (VGT) 0.8 $111M 1.7k 63350.14
Johnson & Johnson (JNJ) 0.8 $110M 1.6k 66519.71
Devon Energy Corporation (DVN) 0.7 $106M 1.3k 78810.09
Ipath Dow Jones-aig Commodity (DJP) 0.6 $89M 1.9k 47229.75
Vanguard Materials ETF (VAW) 0.6 $86M 999.00 86070.07
iShares Silver Trust (SLV) 0.6 $84M 2.5k 33839.90
Vanguard Energy ETF (VDE) 0.6 $81M 736.00 110550.27
Vanguard Financials ETF (VFH) 0.5 $76M 2.4k 32110.08
Microsoft Corporation (MSFT) 0.5 $70M 2.7k 26000.00
McDonald's Corporation (MCD) 0.4 $57M 676.00 84319.53
Apple Computer 0.4 $57M 169.00 335668.64
Chevron Corp 0.4 $58M 10k 5648.85
Praxair 0.4 $57M 521.00 108389.64
Vanguard FTSE All Wld Ex USSml Cap (VSS) 0.4 $54M 525.00 102729.52
Walt Disney Company (DIS) 0.3 $49M 1.3k 39039.84
Southern Copper Corporation (SCCO) 0.3 $49M 1.5k 32869.80
Vanguard Total Stock Market ETF (VTI) 0.3 $48M 700.00 68400.00
Spdr S&p 500 Etf (SPY) 0.3 $46M 347.00 131971.18
Titanium Metals Corporation 0.3 $45M 2.5k 18320.02
Occidental Petroleum Corporation (OXY) 0.3 $42M 406.00 104039.41
Molson Coors Brewing Company (TAP) 0.3 $39M 870.00 44740.23
EMC Corporation 0.3 $39M 1.4k 27550.18
General Electric Company 0.3 $38M 2.0k 18859.85
Unitrin 0.2 $36M 1.2k 29669.94
Marathon Oil Corporation (MRO) 0.2 $35M 672.00 52680.06
Verizon Communications (VZ) 0.2 $33M 885.00 37230.51
Anadarko Pete Corp 0.2 $34M 437.00 76759.73
Allegheny Technologies Incorporated (ATI) 0.2 $32M 496.00 63469.76
Consumer Discretionary SPDR (XLY) 0.2 $32M 793.00 40210.59
Schlumberger (SLB) 0.2 $30M 344.00 86401.16
Ishares Msci Brazil Index etf 0.2 $30M 69k 432.05
Cnooc 0.2 $28M 120.00 235933.33
At&t (T) 0.2 $28M 898.00 31409.80
T. Rowe Price (TROW) 0.2 $29M 472.00 60338.98
Oracle Corporation (ORCL) 0.2 $29M 875.00 32909.71
Oneok (OKE) 0.2 $29M 395.00 74010.13
D Otelco Inc unit 99/99/9999 0.2 $28M 1.5k 18780.00
Chubb Corporation 0.2 $27M 430.00 62609.30
Ace Limited Cmn 0.2 $27M 411.00 65819.95
Bristol Myers Squibb (BMY) 0.2 $27M 944.00 28959.75
Genuine Parts Company (GPC) 0.2 $27M 500.00 54400.00
Darden Restaurants (DRI) 0.2 $27M 535.00 49760.75
Health Care REIT 0.2 $28M 525.00 52430.48
eBay (EBAY) 0.2 $27M 840.00 32270.24
Bp Plc-spons 0.2 $27M 618.00 44289.64
Abbott Laboratories 0.2 $28M 530.00 52620.75
PPL Corporation (PPL) 0.2 $28M 996.00 27830.32
Smithfield Foods 0.2 $28M 1.3k 21869.94
MKS Instruments (MKSI) 0.2 $27M 1.0k 26420.28
DTE Energy Company (DTE) 0.2 $27M 540.00 50020.37
Autoliv 0.2 $27M 348.00 78451.15
Diamond Offshore Drilling 0.2 $25M 360.00 70411.11
Wal-Mart Stores (WMT) 0.2 $26M 485.00 53140.21
Duke Energy Corporation 0.2 $27M 1.4k 18829.89
RPM International (RPM) 0.2 $26M 1.1k 23020.44
V.F. Corporation (VFC) 0.2 $26M 237.00 108561.18
TECO Energy 0.2 $27M 1.4k 18889.68
ConocoPhillips (COP) 0.2 $26M 351.00 75190.88
NewMarket Corporation (NEU) 0.2 $26M 150.00 170713.33
Cypress Semiconductor Corporation 0.2 $25M 1.2k 21140.00
Littelfuse (LFUS) 0.2 $26M 435.00 58719.54
Werner Enterprises (WERN) 0.2 $26M 1.0k 25049.86
ANALOG DEVICES INC COM Stk 0.2 $26M 660.00 39139.39
Home Depot (HD) 0.2 $25M 685.00 36220.44
Leggett & Platt (LEG) 0.2 $25M 1.0k 24379.78
Northrop Grumman Corporation (NOC) 0.2 $25M 360.00 69350.00
Reynolds American 0.2 $25M 673.00 37050.52
Emerson Electric (EMR) 0.2 $24M 427.00 56250.59
Olin Corporation (OLN) 0.2 $25M 1.1k 22660.02
PG&E Corporation (PCG) 0.2 $25M 594.00 42030.30
UnitedHealth (UNH) 0.2 $24M 459.00 51579.52
KLA-Tencor Corporation (KLAC) 0.2 $24M 580.00 40479.31
Kinder Morgan Energy Partners 0.1 $22M 300.00 72600.00
Consolidated Communications Holdings (CNSL) 0.1 $19M 1.0k 19440.00
Vanguard FTSE All-World ex-US ETF (VEU) 0.1 $20M 399.00 49809.52
Dominion Resources (D) 0.1 $19M 400.00 48270.00
Windstream Corporation 0.1 $19M 1.5k 12960.19
Google 0.1 $19M 37.00 506378.38
Talisman Energy Inc Com Stk 0.1 $19M 939.00 20489.88
Tri-Continental Corporation (TY) 0.1 $19M 1.3k 14929.66
Wells Fargo & Company (WFC) 0.1 $17M 591.00 28059.22
Thermo Fisher Scientific (TMO) 0.1 $17M 265.00 64388.68
Novartis (NVS) 0.1 $18M 292.00 61109.59
Biogen Idec (BIIB) 0.1 $18M 166.00 106921.69
Nestle SA Reg Shs. Ser. B Spons (NSRGY) 0.1 $18M 283.00 62053.00
Varian Medical Systems 0.1 $17M 238.00 70021.01
Techne Corporation 0.1 $17M 200.00 83370.00
Companhia de Bebidas das Americas 0.1 $16M 480.00 33729.17
Intel Corporation (INTC) 0.1 $16M 719.00 22159.94
Energizer Holdings 0.1 $15M 209.00 72358.85
priceline.com Incorporated 0.1 $15M 30.00 511933.33
Edison International (EIX) 0.1 $16M 400.00 38750.00
Union Pacific Corporation (UNP) 0.1 $14M 137.00 104401.46
Halliburton Company (HAL) 0.1 $15M 292.00 51000.00
JPMorgan Chase & Co. (JPM) 0.1 $13M 322.00 40940.99
MasterCard Incorporated (MA) 0.1 $13M 44.00 301340.91
Cerner Corporation 0.1 $13M 216.00 61111.11
E.I. du Pont de Nemours & Company 0.1 $13M 240.00 54050.00
Qualcomm (QCOM) 0.1 $13M 232.00 56788.79
Hansen Natural Corporation 0.1 $12M 153.00 80947.71
Eaton Vance Risk Managed Diversified (ETJ) 0.1 $13M 1.0k 12620.00
McGraw-Hill Companies 0.1 $11M 265.00 41909.43
Maxim Integrated Products 0.1 $11M 436.00 25559.63
iShares MSCI EAFE Index Fund (EFA) 0.1 $11M 186.00 60139.78
Danaher Corporation (DHR) 0.1 $11M 212.00 52990.57
FactSet Research Systems (FDS) 0.1 $12M 118.00 102322.03
Frontier Communications 0.1 $12M 1.5k 8070.00
Allergan Inc Com Stk 0.1 $11M 134.00 83253.73
Cisco Systems (CSCO) 0.1 $9.8M 625.00 15609.60
Red Hat 0.1 $9.9M 215.00 45902.33
Henry Schein (HSIC) 0.1 $9.7M 135.00 71592.59
PNC Financial Services (PNC) 0.1 $8.2M 138.00 59608.70
Citrix Systems 0.1 $8.4M 105.00 80000.00
Curtiss-Wright (CW) 0.1 $8.3M 257.00 32369.65
Transocean (RIG) 0.1 $9.0M 139.00 64561.15
Hess (HES) 0.1 $8.5M 114.00 74763.16
Nike (NKE) 0.1 $8.2M 91.00 89978.02
Freeport-McMoRan Copper & Gold (FCX) 0.1 $8.9M 168.00 52898.81
Yahoo! 0.1 $9.0M 600.00 15040.00
Herbalife Ltd Com Stk (HLF) 0.1 $8.2M 142.00 57640.85
Jabil Circuit (JBL) 0.1 $8.4M 418.00 20200.96
MetLife (MET) 0.1 $9.2M 209.00 43870.81
Ralcorp Holdings 0.1 $8.7M 101.00 86584.16
MFA Mortgage Investments 0.1 $8.0M 1.0k 8040.00
Bk Of America Corp 0.1 $7.9M 722.00 10959.83
Ecolab (ECL) 0.1 $6.8M 121.00 56380.17
Xilinx 0.1 $6.5M 179.00 36469.27
Deere & Company (DE) 0.1 $7.5M 91.00 82450.55
Directv 0.1 $7.4M 145.00 50820.69
TJX Companies (TJX) 0.1 $7.8M 148.00 52527.03
Pioneer Floating Rate Trust (PHD) 0.1 $7.0M 500.00 13960.00
Express Scripts 0.1 $7.9M 146.00 53979.45
Flowserve Corporation (FLS) 0.1 $6.7M 61.00 109885.25
Best Buy 0.1 $6.7M 213.00 31408.45
Cognizant Technology Solutions (CTSH) 0.0 $6.4M 87.00 73344.83
Newell Rubbermaid (NWL) 0.0 $5.6M 352.00 15781.25
Eastman Chemical Company (EMN) 0.0 $5.1M 50.00 102080.00
Merck & Co (MRK) 0.0 $5.7M 162.00 35290.12
Walgreen Company 0.0 $5.1M 121.00 42462.81
Ingersoll-rand Co Ltd-cl A 0.0 $6.1M 135.00 45407.41
Celgene Corporation 0.0 $5.9M 97.00 60319.59
Apache Corp Com Stk 0.0 $6.4M 52.00 123384.62
PowerShares QQQ Trust, Series 1 0.0 $5.7M 99.00 57292.93
Abb Ltd- 0.0 $6.4M 248.00 25951.61
Bhp Billitltd-sp 0.0 $5.7M 60.00 94633.33
Agco Corp Com Usd0.01 0.0 $5.6M 113.00 49362.83
Citigroup (C) 0.0 $6.1M 147.00 41639.46
American Bank Holdings 0.0 $5.8M 5.8k 1000.00
Suntech Power Holdings 0.0 $4.7M 600.00 7870.00
Waste Management (WM) 0.0 $4.4M 118.00 37271.19
Family Dollar Stores 0.0 $3.9M 75.00 52560.00
Aflac 0.0 $3.9M 83.00 46674.70
Guess? (GES) 0.0 $4.7M 112.00 42062.50
Elan Corporation 0.0 $4.9M 430.00 11369.77
iShares MSCI Pacific ex-Japan Idx (EPP) 0.0 $3.7M 77.00 47610.39
iShares S&P NA Tech. Sec. Idx (IGM) 0.0 $4.3M 70.00 62057.14
Vanguard Industrials ETF (VIS) 0.0 $3.7M 54.00 69388.89
Advanced Cell Technology 0.0 $3.7M 20k 185.00
Covidien 0.0 $4.0M 76.00 53223.68
Time Warner Cable 0.0 $3.2M 41.00 78048.78
Ameriprise Financial (AMP) 0.0 $2.4M 42.00 57690.48
Western Digital (WDC) 0.0 $2.3M 64.00 36375.00
Pepsi (PEP) 0.0 $3.2M 45.00 70422.22
Target Corporation (TGT) 0.0 $3.0M 65.00 46907.69
Petroleo Brasileiro SA (PBR) 0.0 $1.1M 32.00 33875.00
E TRADE Financial Corporation 0.0 $690k 50.00 13800.00
JDS Uniphase Corporation 0.0 $200k 12.00 16666.67
Highlands Insurance 0.0 $0 20.00 0.00
Touch America Holding 0.0 $0 800.00 0.00