Phocas Financial Corp.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 1, 2024), Phocas Financial Corp. reported 142 stock positions worth $887.4 million. Its top holding was Sterling Infrastructure (STRL) at 8.3% of the portfolio, followed by Atkore (ATKR, 5.3%) and Nexstar Media (NXST, 5.0%). Compared with Q4 2023, it opened 8 new positions, sold out of 26, added to 11 and reduced 96. The biggest buy was Boot Barn (BOOT, shares +88%) and the biggest sale an exit from PGT Innovations (PGTI).

Most Recent 13F
Q2 2026
Location
ALAMEDA, CA
CIK
0001356783
Portfolio Value
$887.4M (Q1 2024)
SEC Filing
0001754960-24-000193 ↗ filed May 1, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $887.4M $887.4M Q1 2024 Q2 2024: $876.8M Q2 2024 Q3 2024: $887.2M Q3 2024 Q4 2024: $748.8M Q4 2024 Q1 2025: $652.2M Q1 2025 Q2 2025: $695.3M Q2 2025 Q3 2025: $771.4M Q3 2025 Q4 2025: $768.9M Q4 2025 Q1 2026: $636.9M Q1 2026 Q2 2026: $720.7M Q2 2026

Holdings 142 stocks · $887.4M
STRL Sterling Infrastructure Inc. 8.34% 96,607 $74.0M Reduce -2.5%
ATKR Atkore Inc. 5.31% 72,474 $47.1M Reduce -2.5%
NXST Nexstar Media Group Inc. 5.00% 42,489 $44.3M Reduce -21.3%
BOOT Boot Barn Holdings Inc. 4.10% 83,106 $36.4M Add +88.0%
MTRN Materion Corp. 1.75% 118,168 $15.6M Reduce -2.5%
MOD Modine Manufacturing Co. 1.59% 148,156 $14.1M Reduce -2.6%
SKYW Skywest Inc. 1.55% 198,939 $13.7M Add +21.8%
PRIM Primoris Services Corp. 1.46% 304,217 $13.0M Reduce -2.6%
THC Tenet Healthcare Corp. 1.42% 120,291 $12.6M Reduce -2.6%
WTFC Wintrust Financial Corp. 1.36% 115,911 $12.1M Add +13.7%
RHP Ryman Hospitality Properties 1.30% 100,000 $11.6M Reduce -8.5%
PFBC Preferred Bank/Los Angeles 1.27% 147,049 $11.3M Reduce -2.5%
REVG Rev Group Inc. 1.18% 472,311 $10.4M Reduce -2.7%
FUL H.B. Fuller Co. filed as FULLER H B CO 1.14% 127,354 $10.2M Reduce -2.6%
CIVI Civitas Resources Inc. 1.13% 132,131 $10.0M Reduce -2.6%
FNB FNB Corp. 1.13% 709,422 $10.0M Reduce -2.6%
ABCB Ameris Bancorp 1.08% 197,991 $9.6M Reduce -2.6%
OTTR Otter Tail Corp. 1.08% 110,594 $9.6M Reduce -2.5%
CASH Pathward Financial Inc. 1.07% 188,672 $9.5M Reduce -2.7%
PR Permian Resources Corp. Class A 1.07% 535,588 $9.5M Reduce -19.7%
TPH Tri Pointe Homes Inc. 1.04% 238,845 $9.2M Reduce -2.6%
FRME First Merchants Corp. 1.02% 259,874 $9.1M Reduce -2.6%
AAP Advance Auto Parts Inc. 1.01% 104,900 $8.9M Add +84.0%
FHN First Horizon Corp. 1.00% 577,429 $8.9M Add +40.7%
TRNO Terreno Realty Corp. 0.99% 132,823 $8.8M Reduce -2.5%
AIR Aar Corp. 0.99% 146,839 $8.8M Reduce -2.5%
RRC Range Resources Corp. 0.95% 245,461 $8.5M Reduce -2.7%
SPB Spectrum Brands Holdings Inc. 0.95% 94,411 $8.4M Reduce -2.5%
HRI Herc Holdings Inc. filed as HERC HLDGS INC 0.95% 49,921 $8.4M Reduce -2.5%
AVNT Avient Corp. 0.92% 189,054 $8.2M Reduce -2.5%
EHC Encompass Health Corp. 0.91% 97,270 $8.0M Reduce -2.6%
ABG Asbury Automotive Group 0.88% 33,183 $7.8M Reduce -2.6%
TCBI Texas Capital Bancshares Inc. 0.88% 126,988 $7.8M Reduce -2.6%
CHX Championx Corp. 0.88% 216,505 $7.8M Reduce -2.1%
AHRT Ah Realty Trust Inc. filed as ARMADA HOFFLER PPTYS INC 0.87% 739,225 $7.7M Reduce -9.3%
SNV Synovus Financial Corp. 0.83% 184,261 $7.4M Reduce -2.5%
COHR Coherent Corp. 0.83% 121,436 $7.4M Reduce -2.7%
CVSA Covista Inc. filed as ADTALEM GLOBAL ED INC 0.83% 143,187 $7.4M Add +15.6%
ONB Old National Bancorp 0.82% 419,456 $7.3M Reduce -2.7%
KD Kyndryl Holdings Inc. 0.81% 332,292 $7.2M Add +26.8%
MAC The Macerich Co. 0.78% 402,284 $6.9M Reduce -2.5%
ROIC Retail Opportunity Investmen 0.78% 538,618 $6.9M Reduce -8.5%
PTEN Patterson-Uti Energy Inc. 0.78% 576,589 $6.9M Reduce -2.6%
ELAN Elanco Animal Health Inc. 0.77% 421,934 $6.9M Add +63.0%
PNFP Pinnacle Financial Partners 0.77% 79,963 $6.9M Reduce -2.5%
ACHC Acadia Healthcare Co. Inc. 0.77% 86,261 $6.8M Reduce -2.6%
VRRM Verra Mobility Corp. 0.76% 271,694 $6.8M Reduce -2.6%
IRT Independence Realty Trust Inc. 0.76% 416,409 $6.7M Reduce -6.5%
NOG Northern Oil and Gas Inc. 0.74% 165,986 $6.6M Reduce -2.5%
CHRD Chord Energy Corp. 0.72% 35,716 $6.4M Reduce -3.1%
ITGR Integer Holdings Corp. 0.72% 54,492 $6.4M Reduce -2.5%
CMA Comerica Inc. 0.72% 115,477 $6.3M Reduce -2.7%
BANR Banner Corporation 0.70% 128,526 $6.2M Reduce -2.6%
XRN Global Medical REIT Inc. 0.69% 701,297 $6.1M Reduce -11.2%
HGV Hilton Grand Vacations Inc. 0.68% 128,270 $6.1M Reduce -2.6%
APAM Artisan Partners Asset Ma -A 0.68% 132,266 $6.1M Reduce -2.7%
OMF Onemain Holdings Inc. 0.68% 118,409 $6.0M Reduce -2.6%
LADR Ladder Capital Corp.-REIT 0.67% 537,324 $6.0M Reduce -2.5%
NPO Enpro Inc. 0.67% 35,428 $6.0M Reduce -2.7%
PLXS Plexus Corp. 0.67% 62,838 $6.0M Reduce -2.5%
CCOI Cogent Communications Holdin 0.64% 87,570 $5.7M Add +13.4%
LNTH Lantheus Holdings Inc. 0.64% 90,675 $5.6M Reduce -2.7%
KFRC Kforce Inc. 0.60% 76,092 $5.4M Reduce -2.5%
JACK Jack in the Box Inc. 0.58% 74,862 $5.1M Reduce -2.6%
POR Portland General Electric Co. 0.57% 119,704 $5.0M Reduce -2.6%
NSA National Storage Affiliates 0.56% 127,636 $5.0M Reduce -2.6%
EFSC Enterprise Financial Service 0.56% 123,124 $5.0M Reduce -46.2%
VRNT Verint Systems Inc. 0.55% 147,016 $4.9M Reduce -2.5%
EPC Edgewell Personal Care Co. 0.55% 125,994 $4.9M Reduce -2.7%
AEIS Advanced Energy Industries 0.55% 47,551 $4.8M Reduce -27.9%
ABBV Abbvie Inc. 0.54% 26,350 $4.8M No change
SPTN Spartannash Co. 0.54% 235,565 $4.8M Reduce -2.6%
BKH Black Hills Corp. 0.52% 85,042 $4.6M Reduce -2.7%
LZB La-Z-Boy Inc. 0.52% 122,136 $4.6M Reduce -2.5%
R Ryder System Inc. 0.50% 37,208 $4.5M Reduce -2.7%
LITE Lumentum Holdings Inc. 0.48% 90,497 $4.3M Add +28.8%
AM Antero Midstream Corp. 0.48% 301,889 $4.2M Reduce -2.5%
ACH Accendra Health Inc. filed as OWENS & MINOR INC NEW 0.48% 153,205 $4.2M New
AMRX Amneal Pharmaceuticals Inc. 0.48% 697,083 $4.2M Reduce -2.5%
MBC Masterbrand Inc. 0.47% 224,750 $4.2M New
UGI Ugi Corp. 0.47% 169,064 $4.1M Reduce -2.6%
PPBI Pacific Premier Bancorp Inc. 0.46% 171,748 $4.1M Reduce -2.7%
SLG SL Green Realty Corp. 0.46% 74,398 $4.1M Reduce -1.9%
GDEN Golden Entertainment Inc. 0.46% 109,998 $4.1M Reduce -2.6%
SUPN Supernus Pharmaceuticals Inc. 0.46% 118,542 $4.0M Reduce -2.5%
GIII G-III Apparel Group Ltd. 0.45% 137,279 $4.0M Reduce -2.5%
VECO Veeco Instruments Inc. 0.45% 113,120 $4.0M Reduce -2.5%
AMK Assetmark Financial Holdings 0.42% 105,510 $3.7M Reduce -2.7%
EXEL Exelixis Inc. 0.42% 156,747 $3.7M Reduce -46.6%
SKX Skechers USA Inc. Class A 0.40% 58,540 $3.6M Reduce -51.5%
CSR Centerspace 0.40% 62,506 $3.6M Reduce -19.5%
SWX Southwest Gas Holdings Inc. 0.40% 46,345 $3.5M Reduce -2.5%
ADC Agree Realty Corp. 0.40% 61,567 $3.5M New
KMPR Kemper Corp. 0.38% 54,717 $3.4M Reduce -2.7%
SNEX Stonex Group Inc. 0.38% 47,800 $3.4M Reduce -2.5%
TBBK The Bancorp Inc. 0.38% 100,166 $3.4M Add +17.6%
CRS Carpenter Technology 0.38% 46,705 $3.3M Reduce -2.6%
MGY Magnolia Oil & Gas Corp. Class A 0.37% 127,888 $3.3M Reduce -3.0%
HTLF Heartland Financial USA Inc. 0.35% 89,489 $3.1M Reduce -2.7%
PEB Pebblebrook Hotel Trust 0.34% 194,792 $3.0M Reduce -11.7%

Show all 142 holdings

Portfolio Sells Q4 2023 → Q1 2024
PGTI PGT Innovations Inc. Sold out 0.00% −1.06
WTM White Mountains Insurance GP Sold out 0.00% −1.02
GNL Global Net Lease Inc. Sold out 0.00% −0.91
DCOM Dime Commercial Bancshares I Sold out 0.00% −0.89
EFSC Enterprise Financial Service Reduce -46.2% 0.56% −0.79
SKX Skechers USA Inc. Class A Reduce -51.5% 0.40% −0.59
EXEL Exelixis Inc. Reduce -46.6% 0.42% −0.51
OPCH Option Care Health Inc. Sold out 0.00% −0.50
PENN Penn Entertainment Inc. Sold out 0.00% −0.49
CNXC Concentrix Corp. Sold out 0.00% −0.48
XRN Global Medical REIT Inc. Reduce -11.2% 0.69% −0.47
AHRT Ah Realty Trust Inc. Reduce -9.3% 0.87% −0.47
SCHL Scholastic Corp. Sold out 0.00% −0.43
AEIS Advanced Energy Industries Reduce -27.9% 0.55% −0.40
ABCB Ameris Bancorp Reduce -2.6% 1.08% −0.35
MTRN Materion Corp. Reduce -2.5% 1.75% −0.33
PLD Prologis Inc. Sold out 0.00% −0.31
ROIC Retail Opportunity Investmen Reduce -8.5% 0.78% −0.31
EQIX Equinix Inc. Sold out 0.00% −0.31
PLUS Eplus Inc. Reduce -39.4% 0.31% −0.30
RHP Ryman Hospitality Properties Reduce -8.5% 1.30% −0.29
FRME First Merchants Corp. Reduce -2.6% 1.02% −0.28
AMT American Tower Corp. Sold out 0.00% −0.28
CASH Pathward Financial Inc. Reduce -2.7% 1.07% −0.28
FUL H.B. Fuller Co. Reduce -2.6% 1.14% −0.26
SPG Simon Property Group Inc. Sold out 0.00% −0.26
AIR Aar Corp. Reduce -2.5% 0.99% −0.25
JACK Jack in the Box Inc. Reduce -2.6% 0.58% −0.25
PLXS Plexus Corp. Reduce -2.5% 0.67% −0.25
BANR Banner Corporation Reduce -2.6% 0.70% −0.24
TCBI Texas Capital Bancshares Inc. Reduce -2.6% 0.88% −0.23
PPBI Pacific Premier Bancorp Inc. Reduce -2.7% 0.46% −0.21
EXR Extra Space Storage Inc. Sold out 0.00% −0.21
FNB FNB Corp. Reduce -2.6% 1.13% −0.20
OTTR Otter Tail Corp. Reduce -2.5% 1.08% −0.20
SPTN Spartannash Co. Reduce -2.6% 0.54% −0.20
CSR Centerspace Reduce -19.5% 0.40% −0.19
PFBC Preferred Bank/Los Angeles Reduce -2.5% 1.27% −0.18
PSA Public Storage Sold out 0.00% −0.18
GIII G-III Apparel Group Ltd. Reduce -2.5% 0.45% −0.18
REXR Rexford Industrial Realty Inc. Reduce -61.2% 0.07% −0.17
PNFP Pinnacle Financial Partners Reduce -2.5% 0.77% −0.17
AMLX Amylyx Pharmaceuticals Inc. Sold out 0.00% −0.17
LADR Ladder Capital Corp.-REIT Reduce -2.5% 0.67% −0.16
CMA Comerica Inc. Reduce -2.7% 0.72% −0.16
SUI Sun Communities Inc. Sold out 0.00% −0.16
MAA Mid-America Apartment Comm Sold out 0.00% −0.16
NSA National Storage Affiliates Reduce -2.6% 0.56% −0.15
ARE Alexandria Real Estate Equit Sold out 0.00% −0.15
IRT Independence Realty Trust Inc. Reduce -6.5% 0.76% −0.14

Portfolio Buys Q4 2023 → Q1 2024
BOOT Boot Barn Holdings Inc. Add +88.0% 4.10% +3.66
AAP Advance Auto Parts Inc. Add +84.0% 1.01% +0.55
ACH Accendra Health Inc. New 0.48% +0.48
MBC Masterbrand Inc. New 0.47% +0.47
SKYW Skywest Inc. Add +21.8% 1.55% +0.42
ADC Agree Realty Corp. New 0.40% +0.40
ELAN Elanco Animal Health Inc. Add +63.0% 0.77% +0.26
FHN First Horizon Corp. Add +40.7% 1.00% +0.23
MIRM Mirum Pharmaceuticals Inc. New 0.17% +0.17
IRWD Ironwood Pharmaceuticals Inc. New 0.14% +0.14
ETRN Equitrans Midstream Corp. New 0.13% +0.13
WTFC Wintrust Financial Corp. Add +13.7% 1.36% +0.11
KD Kyndryl Holdings Inc. Add +26.8% 0.81% +0.10
RSP Invesco S&P 500 Equal Weight New 0.02% +0.02
SCHC Schwab Intl Small-Cap Equity New 0.02% +0.02
LITE Lumentum Holdings Inc. Add +28.8% 0.48% −0.00
TBBK The Bancorp Inc. Add +17.6% 0.38% −0.06
CCOI Cogent Communications Holdin Add +13.4% 0.64% −0.13
CVSA Covista Inc. Add +15.6% 0.83% −0.14

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 153$720.7MDCO, AMRX, AIR, MTRN, SNEX
Q1 2026 155$636.9MAMRX, CASH, AIR, WTFC, SNEX
Q4 2025Amended 148$768.9MWTFC, AMRX, NXST, SKYW, COLB
Q3 2025 147$771.4MCVSA, PRIM, WTFC, NXST, TTMI
Q2 2025 142$695.3MSKYW, TTMI, CVSA, WTFC, CASH
Q1 2025 145$652.2MSKYW, WTFC, NXST, CVSA, CASH
Q4 2024Amended 154$748.8MSKYW, PRIM, WTFC, CRS, KD
Q3 2024 138$887.2MSTRL, BOOT, NXST, SKYW, PRIM
Q2 2024 134$876.8MSTRL, BOOT, NXST, ATKR, SKYW
Q1 2024Amended 142$887.4MSTRL, ATKR, NXST, BOOT, MTRN