Phocas Financial Corp.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 6, 2025), Phocas Financial Corp. reported 142 stock positions worth $695.3 million. Its top holding was Skywest (SKYW) at 2.6% of the portfolio, followed by TTM Technologies (TTMI, 2.4%) and Covista (CVSA, 2.3%). Compared with Q1 2025, it opened 12 new positions, sold out of 15, added to 85 and reduced 18. The biggest buy was TTM Technologies (TTMI, shares +16%) and the biggest sale an exit from Spectrum Brands (SPB).

Most Recent 13F
Q2 2026
Location
ALAMEDA, CA
CIK
0001356783
Portfolio Value
$695.3M (Q2 2025)
SEC Filing
0001754960-25-000542 ↗ filed Aug 6, 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 Q4 2024 Q1 2025: $652.2M Q1 2025 Q2 2025: $695.3M $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 · $695.3M
SKYW Skywest Inc. 2.57% 173,417 $17.9M Add +0.0%
TTMI TTM Technologies 2.40% 409,203 $16.7M Add +15.5%
CVSA Covista Inc. filed as ADTALEM GLOBAL ED INC 2.27% 123,865 $15.8M Add +0.0%
WTFC Wintrust Financial Corp. 2.16% 121,085 $15.0M Add +0.0%
CASH Pathward Financial Inc. 1.86% 163,365 $12.9M Add +0.0%
NXST Nexstar Media Group Inc. 1.86% 74,733 $12.9M Add +0.0%
PRIM Primoris Services Corp. 1.76% 156,852 $12.2M Add +0.0%
SNEX Stonex Group Inc. 1.75% 133,613 $12.2M Add +0.0%
ABCB Ameris Bancorp 1.60% 171,594 $11.1M Add +0.0%
RRC Range Resources Corp. 1.60% 272,929 $11.1M Add +28.6%
PFBC Preferred Bank/Los Angeles 1.59% 127,541 $11.0M Add +0.0%
FHN First Horizon Corp. 1.52% 499,698 $10.6M Add +0.0%
FRME First Merchants Corp. 1.47% 266,578 $10.2M Add +0.0%
KMPR Kemper Corp. 1.47% 158,022 $10.2M Add +0.0%
AMRX Amneal Pharmaceuticals Inc. 1.47% 1,259,564 $10.2M Add +0.0%
CRS Carpenter Technology 1.46% 36,755 $10.2M Add +0.0%
WTM White Mountains Insurance GP 1.39% 5,392 $9.7M Add +0.0%
BKH Black Hills Corp. 1.38% 171,060 $9.6M No change
DCO Ducommun Inc. 1.34% 112,648 $9.3M Add +0.0%
FNB FNB Corp. 1.29% 614,668 $9.0M Add +0.0%
SAH Sonic Automotive Inc. Class A 1.27% 110,185 $8.8M Add +0.0%
AIR Aar Corp. 1.26% 127,366 $8.8M Add +0.0%
TCBI Texas Capital Bancshares Inc. 1.26% 110,018 $8.7M Add +0.0%
KD Kyndryl Holdings Inc. 1.25% 207,854 $8.7M Reduce -27.6%
SNV Synovus Financial Corp. 1.25% 167,859 $8.7M Add +0.0%
SPTN Spartannash Co. 1.24% 324,654 $8.6M Add +0.0%
SANM Sanmina Corp. 1.23% 87,662 $8.6M Add +0.0%
RHP Ryman Hospitality Properties 1.20% 84,862 $8.4M Reduce -0.0%
ONB Old National Bancorp 1.11% 363,272 $7.8M Add +0.0%
PNFP Pinnacle Financial Partners 1.10% 69,200 $7.6M Add +0.0%
OMF Onemain Holdings Inc. 1.07% 131,073 $7.5M Add +27.6%
OTTR Otter Tail Corp. 1.06% 95,919 $7.4M Add +0.0%
POR Portland General Electric Co. 1.06% 181,638 $7.4M Add +0.0%
CSR Centerspace 1.06% 122,028 $7.3M Add +120.0%
CMA Comerica Inc. 1.05% 122,871 $7.3M Add +0.4%
ADC Agree Realty Corp. 1.04% 99,309 $7.3M Add +0.0%
EFSC Enterprise Financial Service 1.04% 131,097 $7.2M Add +0.0%
BANR Banner Corporation 1.03% 111,355 $7.1M Add +0.0%
MKSI MKS Inc. 1.03% 71,851 $7.1M Add +137.6%
BGC BGC Group Inc. Class A 1.01% 689,414 $7.1M Add +0.0%
R Ryder System Inc. 1.01% 44,114 $7.0M Add +0.0%
VRRM Verra Mobility Corp. 1.01% 275,563 $7.0M Add +17.1%
AM Antero Midstream Corp. 0.98% 358,678 $6.8M Add +36.9%
ADT Adt Inc. 0.97% 795,689 $6.7M New
TPH Tri Pointe Homes Inc. 0.95% 206,981 $6.6M Add +0.0%
SLG SL Green Realty Corp. 0.94% 105,976 $6.6M Add +0.6%
CHCT Community Healthcare Trust I 0.94% 391,979 $6.5M Reduce -0.0%
TRNO Terreno Realty Corp. 0.93% 114,939 $6.4M Add +0.0%
LNTH Lantheus Holdings Inc. 0.92% 78,504 $6.4M Add +0.0%
IRT Independence Realty Trust Inc. 0.91% 356,377 $6.3M Reduce -0.0%
PR Permian Resources Corp. Class A 0.89% 452,832 $6.2M No change
KRG Kite Realty Group Trust 0.88% 270,253 $6.1M Add +0.0%
SWX Southwest Gas Holdings Inc. 0.88% 82,127 $6.1M Add +104.6%
REVG Rev Group Inc. 0.87% 127,292 $6.1M Add +0.0%
NPO Enpro Inc. 0.85% 30,677 $5.9M Add +0.0%
HRI Herc Holdings Inc. filed as HERC HLDGS INC 0.82% 43,194 $5.7M Add +0.0%
THS Treehouse Foods Inc. 0.80% 287,083 $5.6M Add +152.1%
PPBI Pacific Premier Bancorp Inc. 0.79% 261,915 $5.5M Add +0.0%
COLB Columbia Banking System Inc. 0.77% 228,202 $5.3M Add +0.0%
AVNT Avient Corp. 0.76% 163,979 $5.3M Add +0.0%
COHR Coherent Corp. 0.74% 57,505 $5.1M Add +24.8%
BDC Belden Inc. 0.74% 44,254 $5.1M New
APAM Artisan Partners Asset Ma -A 0.73% 114,524 $5.1M Add +0.0%
LADR Ladder Capital Corp.-REIT 0.72% 466,156 $5.0M Add +0.0%
GIII G-III Apparel Group Ltd. 0.71% 221,524 $5.0M Add +0.0%
ABBV Abbvie Inc. 0.70% 26,239 $4.9M No change
BOOT Boot Barn Holdings Inc. 0.70% 31,822 $4.8M Reduce -41.4%
URBN Urban Outfitters Inc. 0.67% 63,890 $4.6M Add +0.0%
PCRX Pacira Biosciences Inc. 0.66% 193,437 $4.6M Add +35.8%
UMBF Umb Financial Corp. 0.64% 42,624 $4.5M Add +0.0%
MGY Magnolia Oil & Gas Corp. Class A 0.61% 189,378 $4.3M Add +69.0%
NOG Northern Oil and Gas Inc. 0.59% 144,198 $4.1M No change
LZB La-Z-Boy Inc. 0.57% 105,932 $3.9M Add +0.0%
CHRD Chord Energy Corp. 0.55% 39,552 $3.8M Add +31.0%
FUL H.B. Fuller Co. filed as FULLER H B CO 0.55% 63,659 $3.8M Add +0.0%
LYTS Lsi Industries Inc. 0.53% 215,840 $3.7M Add +0.9%
ACHC Acadia Healthcare Co. Inc. 0.53% 161,206 $3.7M Add +0.0%
VBTX Veritex Holdings Inc. 0.51% 135,981 $3.5M New
TKR Timken Co. 0.50% 48,076 $3.5M Add +0.0%
CUZ Cousins Properties Inc. 0.49% 113,913 $3.4M Add +0.0%
VRNT Verint Systems Inc. 0.48% 171,413 $3.4M Add +0.0%
ANGO Angiodynamics Inc. 0.48% 338,408 $3.4M Add +0.0%
QDEL Quidelortho Corp. 0.47% 114,240 $3.3M Add +0.0%
ROCK Gibraltar Industries Inc. 0.46% 54,727 $3.2M New
MAC The Macerich Co. 0.46% 199,141 $3.2M Add +0.0%
CON Concentra Group Holdings Par 0.46% 154,326 $3.2M New
AAP Advance Auto Parts Inc. 0.46% 68,183 $3.2M Reduce -57.0%
EHAB Enhabit Inc. 0.45% 320,957 $3.1M New
ELAN Elanco Animal Health Inc. 0.44% 215,438 $3.1M Add +0.0%
SHC Sotera Health Co. 0.44% 273,874 $3.0M Add +0.0%
ELME Elme Communities 0.43% 187,902 $3.0M Add +0.0%
MTRN Materion Corp. 0.43% 37,414 $3.0M Reduce -47.7%
GDEN Golden Entertainment Inc. 0.40% 95,321 $2.8M Add +0.0%
KFRC Kforce Inc. 0.39% 65,846 $2.7M Add +0.0%
EPC Edgewell Personal Care Co. 0.37% 109,141 $2.6M Add +0.0%
TWO Two Harbors Investment Corp. filed as TWO HBRS INVT CORP 0.37% 237,159 $2.6M Add +0.0%
MDXG Mimedx Group Inc. 0.36% 411,908 $2.5M Add +0.0%
CRGY Crescent Energy Inc. Class A 0.36% 291,223 $2.5M No change
SCHX Schwab US Large-Cap ETF 0.36% 102,081 $2.5M Reduce -0.5%
ACAD Acadia Pharmaceuticals Inc. 0.32% 102,176 $2.2M Add +0.0%
NVDA Nvidia Corp. 0.31% 13,650 $2.2M No change
MSFT Microsoft Corp. 0.29% 4,080 $2.0M No change
AAPL Apple Inc. 0.28% 9,325 $1.9M No change
THRY Thryv Holdings Inc. 0.27% 152,186 $1.9M Add +0.0%
MIRM Mirum Pharmaceuticals Inc. 0.26% 35,561 $1.8M Add +0.0%
GOOGL Alphabet Inc. Class A 0.22% 8,784 $1.5M No change
CRK Comstock Resources Inc. 0.22% 54,827 $1.5M No change
ETN Eaton Corp. PLC 0.21% 4,090 $1.5M No change
ARQT Arcutis Biotherapeutics Inc. 0.21% 104,014 $1.5M Add +0.0%
VCYT Veracyte Inc. 0.19% 49,325 $1.3M Add +0.0%
APLS Apellis Pharmaceuticals Inc. 0.18% 71,599 $1.2M New
BRK.B Berkshire Hathaway Inc. Class B 0.17% 2,412 $1.2M No change
JNJ Johnson & Johnson 0.13% 5,689 $869K No change
SCHB Schwab US Broad Market ETF 0.12% 36,417 $868K No change
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.11% 2,300 $736K No change
DOV Dover Corp. 0.10% 3,615 $662K No change
CSD Invesco S&P Spin-Off ETF 0.09% 7,400 $621K No change
COST Costco Wholesale Corp. 0.09% 606 $600K No change
AMZN Amazon.com Inc. 0.08% 2,450 $538K No change
EQIX Equinix Inc. 0.07% 578 $460K Reduce -1.5%
SPG Simon Property Group Inc. 0.06% 2,606 $419K Reduce -1.6%
PEP Pepsico Inc. 0.06% 3,113 $411K No change
AMT American Tower Corp. 0.06% 1,827 $404K Reduce -1.9%
CI The Cigna Group 0.06% 1,210 $400K No change
GOOG Alphabet Inc. Class C 0.06% 2,200 $390K No change
UL Unilever PLC 0.05% 6,000 $367K No change
SCHH Schwab US REIT ETF 0.05% 16,411 $347K No change
PLD Prologis Inc. 0.05% 3,103 $326K Reduce -1.9%
EFA iShares MSCI Eafe ETF 0.05% 3,520 $315K No change
EXR Extra Space Storage Inc. 0.04% 1,826 $269K Reduce -1.7%
INVH Invitation Homes Inc. 0.04% 7,966 $261K Reduce -1.5%
AVGO Broadcom Inc. 0.04% 900 $248K New
JPM JPMorgan Chase & Co. 0.04% 851 $247K No change
MAA Mid-America Apartment Comm 0.03% 1,629 $241K Reduce -1.8%
PANW Palo Alto Networks Inc. 0.03% 1,170 $239K New
SUI Sun Communities Inc. filed as SUN CMNTYS INC 0.03% 1,875 $237K Reduce -1.2%
FRT Federal Realty Invs Trust 0.03% 2,371 $225K Reduce -1.4%
IYR iShares US Real Estate ETF 0.03% 2,350 $223K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.03% 4,640 $220K New
SPY SS SPDR S&P 500 ETF Trust-US 0.03% 345 $213K New
PBF PBF Energy Inc. Class A 0.03% 9,581 $208K New
WELL Welltower Inc. 0.03% 1,334 $205K Reduce -1.5%

Portfolio Sells Q1 2025 → Q2 2025
SPB Spectrum Brands Holdings Inc. Sold out 0.00% −0.90
CHX Championx Corp. Sold out 0.00% −0.86
XRN Global Medical REIT Inc. Sold out 0.00% −0.77
PLUS Eplus Inc. Sold out 0.00% −0.64
EXEL Exelixis Inc. Sold out 0.00% −0.59
SUPN Supernus Pharmaceuticals Inc. Sold out 0.00% −0.51
AAP Advance Auto Parts Inc. Reduce -57.0% 0.46% −0.50
SEM Select Medical Holdings Corp. Sold out 0.00% −0.48
MTRN Materion Corp. Reduce -47.7% 0.43% −0.47
SKX Skechers USA Inc. Class A Sold out 0.00% −0.44
BTSG Brightspring Health Services Sold out 0.00% −0.43
AXSM Axsome Therapeutics Inc. Sold out 0.00% −0.30
JACK Jack in the Box Inc. Sold out 0.00% −0.27
IRT Independence Realty Trust Inc. Reduce -0.0% 0.91% −0.25
BOOT Boot Barn Holdings Inc. Reduce -41.4% 0.70% −0.20
CHCT Community Healthcare Trust I Reduce -0.0% 0.94% −0.15
KD Kyndryl Holdings Inc. Reduce -27.6% 1.25% −0.13
AGG iShares Core U.S. Aggregate Sold out 0.00% −0.04
ARE Alexandria Real Estate Equit Sold out 0.00% −0.04
UNH Unitedhealth Group Inc. Sold out 0.00% −0.03
PSA Public Storage Sold out 0.00% −0.03
MAA Mid-America Apartment Comm Reduce -1.8% 0.03% −0.01
EQIX Equinix Inc. Reduce -1.5% 0.07% −0.01
PLD Prologis Inc. Reduce -1.9% 0.05% −0.01
SPG Simon Property Group Inc. Reduce -1.6% 0.06% −0.01
INVH Invitation Homes Inc. Reduce -1.5% 0.04% −0.01
AMT American Tower Corp. Reduce -1.9% 0.06% −0.00
FRT Federal Realty Invs Trust Reduce -1.4% 0.03% −0.00
EXR Extra Space Storage Inc. Reduce -1.7% 0.04% −0.00
SUI Sun Communities Inc. Reduce -1.2% 0.03% −0.00
WELL Welltower Inc. Reduce -1.5% 0.03% −0.00
SCHX Schwab US Large-Cap ETF Reduce -0.5% 0.36% +0.01
RHP Ryman Hospitality Properties Reduce -0.0% 1.20% +0.01

Portfolio Buys Q1 2025 → Q2 2025
TTMI TTM Technologies Add +15.5% 2.40% +1.29
ADT Adt Inc. New 0.97% +0.97
BDC Belden Inc. New 0.74% +0.74
MKSI MKS Inc. Add +137.6% 1.03% +0.66
VBTX Veritex Holdings Inc. New 0.51% +0.51
CSR Centerspace Add +120.0% 1.06% +0.51
ROCK Gibraltar Industries Inc. New 0.46% +0.46
CON Concentra Group Holdings Par New 0.46% +0.46
EHAB Enhabit Inc. New 0.45% +0.45
CRS Carpenter Technology Add +0.0% 1.46% +0.44
SWX Southwest Gas Holdings Inc. Add +104.6% 0.88% +0.44
PRIM Primoris Services Corp. Add +0.0% 1.76% +0.38
CVSA Covista Inc. Add +0.0% 2.27% +0.36
DCO Ducommun Inc. Add +0.0% 1.34% +0.34
THS Treehouse Foods Inc. Add +152.1% 0.80% +0.33
OMF Onemain Holdings Inc. Add +27.6% 1.07% +0.30
SAH Sonic Automotive Inc. Class A Add +0.0% 1.27% +0.30
RRC Range Resources Corp. Add +28.6% 1.60% +0.30
COHR Coherent Corp. Add +24.8% 0.74% +0.28
AM Antero Midstream Corp. Add +36.9% 0.98% +0.25
REVG Rev Group Inc. Add +0.0% 0.87% +0.25
SKYW Skywest Inc. Add +0.0% 2.57% +0.25
SPTN Spartannash Co. Add +0.0% 1.24% +0.23
SANM Sanmina Corp. Add +0.0% 1.23% +0.21
VRRM Verra Mobility Corp. Add +17.1% 1.01% +0.19
SNEX Stonex Group Inc. Add +0.0% 1.75% +0.19
MGY Magnolia Oil & Gas Corp. Class A Add +69.0% 0.61% +0.18
APLS Apellis Pharmaceuticals Inc. New 0.18% +0.18
AIR Aar Corp. Add +0.0% 1.26% +0.17
URBN Urban Outfitters Inc. Add +0.0% 0.67% +0.15
PCRX Pacira Biosciences Inc. Add +35.8% 0.66% +0.12
ELAN Elanco Animal Health Inc. Add +0.0% 0.44% +0.10
NPO Enpro Inc. Add +0.0% 0.85% +0.08
ABCB Ameris Bancorp Add +0.0% 1.60% +0.08
WTFC Wintrust Financial Corp. Add +0.0% 2.16% +0.07
ACAD Acadia Pharmaceuticals Inc. Add +0.0% 0.32% +0.06
SNV Synovus Financial Corp. Add +0.0% 1.25% +0.05
BGC BGC Group Inc. Class A Add +0.0% 1.01% +0.05
APAM Artisan Partners Asset Ma -A Add +0.0% 0.73% +0.04
R Ryder System Inc. Add +0.0% 1.01% +0.04
FHN First Horizon Corp. Add +0.0% 1.52% +0.04
AVGO Broadcom Inc. New 0.04% +0.04
PANW Palo Alto Networks Inc. New 0.03% +0.03
CASH Pathward Financial Inc. Add +0.0% 1.86% +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
PBF PBF Energy Inc. Class A New 0.03% +0.03
CHRD Chord Energy Corp. Add +31.0% 0.55% +0.03
FNB FNB Corp. Add +0.0% 1.29% +0.02
GDEN Golden Entertainment Inc. Add +0.0% 0.40% +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