Polaris Inc.
Ticker: PIIIndustrialsTransportation EquipmentThe business
Polaris Inc. (NYSE: PII) operates as a global designer, engineer, manufacturer and marketer of powersports vehicles and recreational marine products. The company's website is located at www.polaris.com.
The company operates through three primary business segments: Off Road, On Road, and Marine. The Off Road segment represents the largest division and includes all-terrain vehicles, side-by-side vehicles, snowmobiles, and commercial and military off-road vehicles, along with related parts, garments and accessories under brands including RANGER, RZR, GENERAL, POLARIS XPEDITION, SPORTSMAN, Kolpin, Pro Armor, Klim, and 509. The On Road segment designs and manufactures moto-roadsters, light-duty hauling vehicles, and passenger vehicles, primarily under the Slingshot brand, as well as commercial vehicles marketed under the Goupil and Aixam brands in Western Europe. The Marine segment produces recreational pontoon and deck boats under the Bennington, Godfrey, and Hurricane brands, positioning itself as a market leader in the pontoon boat category.
Polaris maintains a global manufacturing footprint with 18 primary assembly facilities and over 40 distribution centers worldwide. The company employs approximately 14,500 full-time employees across 24 countries, with roughly 47 percent of its workforce located outside the United States. The company distributes its products through approximately 2,400 independent dealers in North America and over 1,500 international dealers and 70 distributors serving more than 90 countries globally.
The company traces its origins to 1954 and was incorporated as a Delaware corporation in 1994. In 2025, Polaris entered into a definitive agreement to sell a majority interest in its Indian Motorcycle business, with the transaction closing in the first quarter of 2026. The company maintains significant vertical integration in key manufacturing components including plastic injection molding, precision machining, welding, and clutch assembly. Polaris invests substantially in research and development, employing approximately 1,200 engineers and product development specialists across multiple global facilities focused on innovation in powersports and marine technologies.
- Sector
- Industrials
- Industry
- Transportation Equipment
- HQ
- MEDINA, MN
- FY end
- 12-31
- CIK
- 931015
- SIC
- 3790
Ownership
Who holds Polaris Inc. — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30
Top fund holders
| Fund | % of fund | Value |
|---|---|---|
| iShares Core S&P Mid-Cap ETF IJH · iShares Trust | 0.10% | $126.45M |
| Avantis U.S. Small Cap Value ETF AVUV · American Century ETF Trust | 0.45% | $120.94M |
| VANGUARD TOTAL STOCK MARKET INDEX FUND VTI · VANGUARD INDEX FUNDS | 0.01% | $117.41M |
| SMALLCAP World Fund Inc SMCWX | 0.11% | $104.93M |
| iShares Russell 2000 ETF IWM · iShares Trust | 0.12% | $96.20M |
Bonds held by funds
Funds report holding 2 issues of Polaris Inc.'s debt, $249.62M at fund-held market value — what funds hold, not the company's debt outstanding. Weighted-average coupon 6.19%, maturing 2029–2031.
| Issue | Coupon | Matures | Funds | Fund-held |
|---|---|---|---|---|
| Polaris, Inc. | 5.600% | 2031-03-01 | 75 | $140.64M |
| Polaris Inc | 6.950% | 2029-03-15 | 45 | $108.98M |
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
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