Gotham Asset Management Trims Polaris Stake

Investment firm reduces position in powersports vehicle manufacturer by 2.7%

Mar. 16, 2026 at 10:39am

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Gotham Asset Management LLC reduced its position in shares of Polaris Inc. (NYSE:PII) by 2.7% in the third quarter, according to a recent SEC filing. The fund now owns 753,804 shares of the company's stock, valued at around $43.8 million.

Why it matters

Polaris is a major player in the powersports vehicle market, known for its snowmobiles, ATVs, side-by-sides, and motorcycles. Tracking changes in institutional ownership can provide insights into how the investment community views the company's prospects.

The details

Gotham Asset Management sold 21,315 shares of Polaris stock during the third quarter. The firm now owns about 1.34% of the company's outstanding shares. Polaris has seen its stock price fluctuate in recent quarters as it navigates supply chain challenges and economic uncertainty.

  • Gotham Asset Management reduced its Polaris stake in the third quarter of 2026.

The players

Gotham Asset Management LLC

An investment management firm that owns a sizable stake in Polaris Inc.

Polaris Inc.

A diversified manufacturer of powersports vehicles and related products, known for its snowmobiles, ATVs, side-by-sides, and motorcycles.

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The takeaway

The reduction in Gotham Asset Management's Polaris position suggests the investment firm may have some concerns about the company's near-term outlook, though Polaris remains a significant holding in the fund's portfolio.