Phocas Financial Corp.

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed March 5, 2025), Phocas Financial Corp. reported 154 stock positions worth $748.8 million. Its top holding was Skywest (SKYW) at 2.4% of the portfolio, followed by Primoris Services (PRIM, 2.3%) and Wintrust Financial (WTFC, 2.1%). Compared with Q3 2024, it opened 21 new positions, sold out of 5, added to 16 and reduced 96. The biggest buy was a new position in White Mountains Insurance GP (WTM) and the biggest sale Sterling Infrastructure (STRL, shares −1%).

Most Recent 13F
Q2 2026
Location
ALAMEDA, CA
CIK
0001356783
Portfolio Value
$748.8M (Q4 2024)
SEC Filing
0001754960-25-000158 ↗ filed Mar 5, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $887.4M Q1 2024 Q2 2024: $876.8M Q2 2024 Q3 2024: $887.2M Q3 2024 Q4 2024: $748.8M $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 154 stocks · $748.8M
SKYW Skywest Inc. 2.45% 183,159 $18.3M Reduce -19.1%
PRIM Primoris Services Corp. 2.31% 226,304 $17.3M Reduce -19.5%
WTFC Wintrust Financial Corp. 2.13% 128,074 $16.0M Reduce -0.9%
CRS Carpenter Technology 1.81% 80,031 $13.6M Reduce -1.2%
KD Kyndryl Holdings Inc. 1.72% 372,366 $12.9M Reduce -0.9%
CASH Pathward Financial Inc. 1.70% 172,777 $12.7M Reduce -0.9%
CVSA Covista Inc. filed as ADTALEM GLOBAL ED INC 1.59% 131,014 $11.9M Reduce -0.9%
PFBC Preferred Bank/Los Angeles 1.56% 134,885 $11.7M Reduce -0.8%
BOOT Boot Barn Holdings Inc. 1.54% 76,101 $11.6M Reduce -0.9%
ABCB Ameris Bancorp 1.52% 181,472 $11.4M Reduce -0.8%
FRME First Merchants Corp. 1.50% 281,626 $11.2M Add +17.2%
WTM White Mountains Insurance GP 1.48% 5,702 $11.1M New
KMPR Kemper Corp. 1.48% 166,925 $11.1M Reduce -0.8%
FHN First Horizon Corp. 1.42% 528,523 $10.6M Reduce -0.9%
BKH Black Hills Corp. 1.41% 180,954 $10.6M Reduce -0.9%
AMRX Amneal Pharmaceuticals Inc. 1.41% 1,330,413 $10.5M Add +31.1%
FNB FNB Corp. 1.28% 650,071 $9.6M Reduce -0.9%
RHP Ryman Hospitality Properties 1.25% 89,719 $9.4M Reduce -0.9%
TCBI Texas Capital Bancshares Inc. 1.22% 116,355 $9.1M Reduce -0.9%
SNV Synovus Financial Corp. 1.21% 177,231 $9.1M Add +90.2%
HRI Herc Holdings Inc. filed as HERC HLDGS INC 1.16% 45,684 $8.6M Reduce -0.9%
POR Portland General Electric Co. 1.12% 192,020 $8.4M Reduce -0.9%
PNFP Pinnacle Financial Partners 1.12% 73,189 $8.4M Reduce -0.9%
ONB Old National Bancorp 1.11% 384,201 $8.3M Reduce -0.9%
AIR Aar Corp. 1.10% 134,700 $8.3M Reduce -0.8%
RRC Range Resources Corp. 1.08% 224,621 $8.1M Reduce -0.9%
CMA Comerica Inc. 1.07% 129,471 $8.0M Reduce -0.9%
TPH Tri Pointe Homes Inc. 1.06% 218,902 $7.9M Reduce -0.8%
CHCT Community Healthcare Trust I 1.05% 409,632 $7.9M Add +101.5%
BANR Banner Corporation 1.05% 117,770 $7.9M Reduce -0.9%
EFSC Enterprise Financial Service 1.04% 138,498 $7.8M Add +21.8%
NXST Nexstar Media Group Inc. 1.03% 48,966 $7.7M Reduce -0.9%
GIII G-III Apparel Group Ltd. 1.02% 234,020 $7.6M Add +84.4%
SLG SL Green Realty Corp. 1.00% 110,369 $7.5M Reduce -0.9%
OTTR Otter Tail Corp. 1.00% 101,445 $7.5M Reduce -0.8%
MTRN Materion Corp. 1.00% 75,690 $7.5M Reduce -0.9%
IRT Independence Realty Trust Inc. 1.00% 376,654 $7.5M Reduce -0.8%
LNTH Lantheus Holdings Inc. 0.99% 83,030 $7.4M Reduce -0.9%
ADC Agree Realty Corp. 0.99% 104,955 $7.4M Reduce -0.7%
SAH Sonic Automotive Inc. Class A 0.98% 116,343 $7.4M Add +86.6%
R Ryder System Inc. 0.98% 46,545 $7.3M Add +35.4%
SPB Spectrum Brands Holdings Inc. 0.98% 86,410 $7.3M Reduce -0.9%
EHC Encompass Health Corp. 0.97% 78,656 $7.3M Reduce -0.9%
KRG Kite Realty Group Trust 0.96% 285,454 $7.2M Add +95.5%
TRNO Terreno Realty Corp. 0.96% 121,567 $7.2M Reduce -0.9%
TTMI TTM Technologies 0.95% 287,873 $7.1M Reduce -0.9%
AVNT Avient Corp. 0.95% 173,422 $7.1M Reduce -0.8%
COHR Coherent Corp. 0.93% 73,649 $7.0M Reduce -22.9%
PR Permian Resources Corp. Class A 0.93% 483,667 $7.0M Reduce -1.0%
PPBI Pacific Premier Bancorp Inc. 0.92% 276,896 $6.9M Reduce -0.9%
AHRT Ah Realty Trust Inc. filed as ARMADA HOFFLER PPTYS INC 0.90% 662,068 $6.8M Reduce -0.8%
PLXS Plexus Corp. 0.89% 42,460 $6.6M Reduce -0.8%
COLB Columbia Banking System Inc. 0.87% 241,254 $6.5M Reduce -0.9%
VRRM Verra Mobility Corp. 0.80% 249,006 $6.0M Reduce -0.8%
SANM Sanmina Corp. 0.78% 77,301 $5.8M Reduce -0.9%
OMF Onemain Holdings Inc. 0.76% 108,647 $5.7M Reduce -0.8%
NOG Northern Oil and Gas Inc. 0.76% 152,367 $5.7M Reduce -0.8%
DCO Ducommun Inc. 0.75% 88,763 $5.7M Add +72.8%
NPO Enpro Inc. 0.75% 32,445 $5.6M Reduce -0.9%
CIVI Civitas Resources Inc. 0.74% 121,363 $5.6M Reduce -0.8%
LADR Ladder Capital Corp.-REIT 0.74% 492,949 $5.5M Reduce -0.8%
STRL Sterling Infrastructure Inc. 0.73% 32,595 $5.5M Reduce -0.9%
CHX Championx Corp. 0.72% 198,451 $5.4M Reduce -0.9%
APAM Artisan Partners Asset Ma -A 0.70% 121,124 $5.2M Reduce -0.9%
HTLF Heartland Financial USA Inc. 0.67% 81,977 $5.0M Reduce -0.9%
VRNT Verint Systems Inc. 0.66% 181,237 $5.0M Reduce -0.9%
LZB La-Z-Boy Inc. 0.65% 112,031 $4.9M Reduce -0.8%
XRN Global Medical REIT Inc. 0.64% 622,406 $4.8M Reduce -0.8%
ABBV Abbvie Inc. 0.62% 26,200 $4.7M Reduce -0.6%
AAP Advance Auto Parts Inc. 0.61% 95,978 $4.5M Reduce -0.9%
FUL H.B. Fuller Co. filed as FULLER H B CO 0.61% 67,249 $4.5M Reduce -0.8%
CRGY Crescent Energy Inc. Class A 0.60% 307,904 $4.5M Reduce -0.8%
LYTS Lsi Industries Inc. 0.59% 226,084 $4.4M Reduce -0.8%
PTEN Patterson-Uti Energy Inc. 0.58% 527,974 $4.4M Reduce -0.9%
SNEX Stonex Group Inc. 0.57% 43,842 $4.3M Reduce -0.8%
REVG Rev Group Inc. 0.57% 134,494 $4.3M Reduce -0.8%
AM Antero Midstream Corp. 0.56% 276,929 $4.2M Reduce -0.8%
SRDX Surmodics Inc. 0.55% 103,994 $4.1M Add +17.6%
ROIC Retail Opportunity Investmen 0.54% 232,571 $4.0M Reduce -50.9%
SPTN Spartannash Co. 0.53% 217,481 $4.0M Reduce -0.9%
SHC Sotera Health Co. 0.53% 289,586 $4.0M Reduce -0.9%
KFRC Kforce Inc. 0.53% 69,643 $3.9M Reduce -0.9%
SUPN Supernus Pharmaceuticals Inc. 0.52% 108,479 $3.9M Reduce -0.9%
EPC Edgewell Personal Care Co. 0.52% 115,430 $3.9M Reduce -0.9%
CSR Centerspace 0.52% 58,483 $3.9M Add +8.4%
CHRD Chord Energy Corp. 0.50% 32,251 $3.8M Reduce -1.0%
ACHC Acadia Healthcare Co. Inc. 0.50% 94,320 $3.7M Add +30.6%
URBN Urban Outfitters Inc. 0.49% 67,410 $3.7M New
MTH Meritage Homes Corp. 0.49% 23,848 $3.7M Add +25.9%
EXEL Exelixis Inc. 0.49% 109,093 $3.6M Reduce -24.6%
TKR Timken Co. 0.48% 50,759 $3.6M New
SKX Skechers USA Inc. Class A 0.48% 53,587 $3.6M Reduce -0.9%
QDEL Quidelortho Corp. 0.46% 78,132 $3.5M Reduce -0.8%
MKSI MKS Inc. filed as MKS INSTRS INC 0.45% 31,960 $3.3M Reduce -0.8%
BGC BGC Group Inc. Class A 0.44% 366,948 $3.3M Reduce -0.8%
GDEN Golden Entertainment Inc. 0.43% 100,812 $3.2M Reduce -0.9%
DFIN Donnelley Financial Solution 0.42% 50,640 $3.2M Reduce -0.9%
PLUS Eplus Inc. 0.42% 42,439 $3.1M Reduce -0.9%
SWX Southwest Gas Holdings Inc. 0.40% 42,458 $3.0M Reduce -0.9%
TWO Two Harbors Investment Corp. filed as TWO HBRS INVT CORP 0.40% 250,580 $3.0M Reduce -0.8%
JACK Jack in the Box Inc. 0.38% 68,612 $2.9M Reduce -0.9%
ACH Accendra Health Inc. filed as OWENS & MINOR INC NEW 0.38% 214,983 $2.8M Reduce -0.9%
MGY Magnolia Oil & Gas Corp. Class A 0.37% 119,349 $2.8M Add +2.2%
ELAN Elanco Animal Health Inc. 0.37% 227,624 $2.8M Reduce -0.8%
SCHX Schwab US Large-Cap ETF 0.33% 106,236 $2.5M No change
THRY Thryv Holdings Inc. 0.32% 160,973 $2.4M Reduce -0.9%
PEB Pebblebrook Hotel Trust 0.31% 172,587 $2.3M Reduce -0.9%
AAPL Apple Inc. 0.31% 9,325 $2.3M Reduce -2.1%
CDMO Avid Bioservices Inc. 0.30% 183,432 $2.3M Reduce -0.9%
VCYT Veracyte Inc. 0.28% 52,109 $2.1M Reduce -0.8%
MDXG Mimedx Group Inc. 0.27% 209,582 $2.0M New
ACAD Acadia Pharmaceuticals Inc. 0.26% 107,811 $2.0M Add +79.0%
SEM Select Medical Holdings Corp. 0.25% 99,570 $1.9M New
NVDA Nvidia Corp. 0.24% 13,650 $1.8M No change
MSFT Microsoft Corp. 0.24% 4,215 $1.8M No change
GOOGL Alphabet Inc. Class A 0.22% 8,784 $1.7M No change
ITCI Intra-Cellular Therapies Inc. 0.21% 19,058 $1.6M Reduce -0.9%
MIRM Mirum Pharmaceuticals Inc. 0.21% 37,585 $1.6M Reduce -0.8%
AXSM Axsome Therapeutics Inc. 0.20% 17,546 $1.5M Reduce -0.9%
ETN Eaton Corp. PLC 0.18% 4,090 $1.4M No change
EQT Eqt Corp. 0.17% 28,274 $1.3M Reduce -11.6%
BRK.B Berkshire Hathaway Inc. Class B 0.15% 2,412 $1.1M No change
SCHB Schwab US Broad Market ETF 0.11% 36,417 $827K No change
JNJ Johnson & Johnson 0.11% 5,689 $823K No change
DOV Dover Corp. 0.09% 3,615 $678K No change
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.09% 2,300 $653K No change
CSD Invesco S&P Spin-Off ETF 0.08% 7,400 $608K No change
EQIX Equinix Inc. 0.08% 599 $565K New
COST Costco Wholesale Corp. 0.07% 606 $555K No change
AMZN Amazon.com Inc. 0.07% 2,450 $538K No change
PEP Pepsico Inc. 0.06% 3,113 $473K Reduce -22.2%
SPG Simon Property Group Inc. 0.06% 2,706 $466K New
GOOG Alphabet Inc. Class C 0.06% 2,200 $419K No change
AMT American Tower Corp. 0.05% 1,905 $349K New
SCHH Schwab US REIT ETF 0.05% 16,411 $346K No change
PLD Prologis Inc. 0.05% 3,240 $342K New
UL Unilever PLC 0.05% 6,000 $340K No change
CI The Cigna Group 0.04% 1,210 $334K No change
IYR iShares US Real Estate ETF 0.04% 3,100 $288K No change
EFA iShares MSCI Eafe ETF 0.04% 3,760 $284K No change
EXR Extra Space Storage Inc. 0.04% 1,897 $284K New
AGG iShares Core U.S. Aggregate 0.04% 2,791 $270K No change
INVH Invitation Homes Inc. 0.04% 8,284 $265K New
MAA Mid-America Apartment Comm 0.04% 1,695 $262K New
PBF PBF Energy Inc. Class A 0.03% 9,556 $254K New
SUI Sun Communities Inc. filed as SUN CMNTYS INC 0.03% 1,934 $238K New
REXR Rexford Industrial Realty Inc. 0.03% 6,059 $234K New
UNH Unitedhealth Group Inc. 0.03% 460 $233K No change
KKR KKR & Co. Inc. 0.03% 1,450 $214K New
PSA Public Storage 0.03% 711 $213K New
PANW Palo Alto Networks Inc. 0.03% 1,170 $213K New
KIM Kimco Realty Corp. 0.03% 9,003 $211K New
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.03% 4,640 $204K New
SPY SS SPDR S&P 500 ETF Trust-US 0.03% 345 $202K New

Portfolio Sells Q3 2024 → Q4 2024
STRL Sterling Infrastructure Inc. Reduce -0.9% 0.73% −9.19
BOOT Boot Barn Holdings Inc. Reduce -0.9% 1.54% −5.56
NXST Nexstar Media Group Inc. Reduce -0.9% 1.03% −3.89
THC Tenet Healthcare Corp. Sold out 0.00% −0.92
NSA National Storage Affiliates Sold out 0.00% −0.64
MOD Modine Manufacturing Co. Sold out 0.00% −0.54
HGV Hilton Grand Vacations Inc. Sold out 0.00% −0.49
ATSG Air Transport Services Group Sold out 0.00% −0.41
ROIC Retail Opportunity Investmen Reduce -50.9% 0.54% −0.30
TPH Tri Pointe Homes Inc. Reduce -0.8% 1.06% −0.07
XRN Global Medical REIT Inc. Reduce -0.8% 0.64% −0.06
PLUS Eplus Inc. Reduce -0.9% 0.42% −0.06
AVNT Avient Corp. Reduce -0.8% 0.95% −0.05
LNTH Lantheus Holdings Inc. Reduce -0.9% 0.99% −0.04
COHR Coherent Corp. Reduce -22.9% 0.93% −0.03
SPTN Spartannash Co. Reduce -0.9% 0.53% −0.02
SHC Sotera Health Co. Reduce -0.9% 0.53% −0.02
PEP Pepsico Inc. Reduce -22.2% 0.06% −0.01
ELAN Elanco Animal Health Inc. Reduce -0.8% 0.37% −0.01
ACH Accendra Health Inc. Reduce -0.9% 0.38% −0.01
FUL H.B. Fuller Co. Reduce -0.8% 0.61% −0.00
TWO Two Harbors Investment Corp. Reduce -0.8% 0.40% +0.00
THRY Thryv Holdings Inc. Reduce -0.9% 0.32% +0.00
VRRM Verra Mobility Corp. Reduce -0.8% 0.80% +0.02
JACK Jack in the Box Inc. Reduce -0.9% 0.38% +0.02
AXSM Axsome Therapeutics Inc. Reduce -0.9% 0.20% +0.02
CHRD Chord Energy Corp. Reduce -1.0% 0.50% +0.03
ABBV Abbvie Inc. Reduce -0.6% 0.62% +0.04
TRNO Terreno Realty Corp. Reduce -0.9% 0.96% +0.04
MTRN Materion Corp. Reduce -0.9% 1.00% +0.04
SPB Spectrum Brands Holdings Inc. Reduce -0.9% 0.98% +0.04
CHX Championx Corp. Reduce -0.9% 0.72% +0.04
KFRC Kforce Inc. Reduce -0.9% 0.53% +0.04
MIRM Mirum Pharmaceuticals Inc. Reduce -0.8% 0.21% +0.04
EPC Edgewell Personal Care Co. Reduce -0.9% 0.52% +0.04
EQT Eqt Corp. Reduce -11.6% 0.17% +0.04
CIVI Civitas Resources Inc. Reduce -0.8% 0.74% +0.04
SWX Southwest Gas Holdings Inc. Reduce -0.9% 0.40% +0.04
DFIN Donnelley Financial Solution Reduce -0.9% 0.42% +0.05
MKSI MKS Inc. Reduce -0.8% 0.45% +0.05
PEB Pebblebrook Hotel Trust Reduce -0.9% 0.31% +0.05
ITCI Intra-Cellular Therapies Inc. Reduce -0.9% 0.21% +0.05
QDEL Quidelortho Corp. Reduce -0.8% 0.46% +0.06
GDEN Golden Entertainment Inc. Reduce -0.9% 0.43% +0.06
BGC BGC Group Inc. Class A Reduce -0.8% 0.44% +0.06
EXEL Exelixis Inc. Reduce -24.6% 0.49% +0.06
AAPL Apple Inc. Reduce -2.1% 0.31% +0.06
CDMO Avid Bioservices Inc. Reduce -0.9% 0.30% +0.07
POR Portland General Electric Co. Reduce -0.9% 1.12% +0.07
SKX Skechers USA Inc. Class A Reduce -0.9% 0.48% +0.07

Portfolio Buys Q3 2024 → Q4 2024
WTM White Mountains Insurance GP New 1.48% +1.48
SNV Synovus Financial Corp. Add +90.2% 1.21% +0.75
CHCT Community Healthcare Trust I Add +101.5% 1.05% +0.64
GIII G-III Apparel Group Ltd. Add +84.4% 1.02% +0.58
SAH Sonic Automotive Inc. Class A Add +86.6% 0.98% +0.57
KRG Kite Realty Group Trust Add +95.5% 0.96% +0.53
URBN Urban Outfitters Inc. New 0.49% +0.49
FRME First Merchants Corp. Add +17.2% 1.50% +0.49
TKR Timken Co. New 0.48% +0.48
AMRX Amneal Pharmaceuticals Inc. Add +31.1% 1.41% +0.46
R Ryder System Inc. Add +35.4% 0.98% +0.41
EFSC Enterprise Financial Service Add +21.8% 1.04% +0.39
DCO Ducommun Inc. Add +72.8% 0.75% +0.37
MDXG Mimedx Group Inc. New 0.27% +0.27
SEM Select Medical Holdings Corp. New 0.25% +0.25
SRDX Surmodics Inc. Add +17.6% 0.55% +0.16
ACAD Acadia Pharmaceuticals Inc. Add +79.0% 0.26% +0.16
CSR Centerspace Add +8.4% 0.52% +0.09
EQIX Equinix Inc. New 0.08% +0.08
SPG Simon Property Group Inc. New 0.06% +0.06
MTH Meritage Homes Corp. Add +25.9% 0.49% +0.05
MGY Magnolia Oil & Gas Corp. Class A Add +2.2% 0.37% +0.05
AMT American Tower Corp. New 0.05% +0.05
PLD Prologis Inc. New 0.05% +0.05
EXR Extra Space Storage Inc. New 0.04% +0.04
INVH Invitation Homes Inc. New 0.04% +0.04
MAA Mid-America Apartment Comm New 0.04% +0.04
PBF PBF Energy Inc. Class A New 0.03% +0.03
SUI Sun Communities Inc. New 0.03% +0.03
REXR Rexford Industrial Realty Inc. New 0.03% +0.03
KKR KKR & Co. Inc. New 0.03% +0.03
PANW Palo Alto Networks Inc. New 0.03% +0.03
PSA Public Storage New 0.03% +0.03
KIM Kimco Realty Corp. New 0.03% +0.03
BAC Bank of America Corp. New 0.03% +0.03
SPY SS SPDR S&P 500 ETF Trust-US New 0.03% +0.03
ACHC Acadia Healthcare Co. Inc. Add +30.6% 0.50% −0.02

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