Phocas Financial Corp.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Phocas Financial Corp. reported 147 stock positions worth $771.4 million. Its top holding was Covista (CVSA) at 2.5% of the portfolio, followed by Primoris Services (PRIM, 2.5%) and Wintrust Financial (WTFC, 2.1%). Compared with Q2 2025, it opened 20 new positions, sold out of 15, added to 79 and reduced 22. The biggest buy was a new position in Kontoor Brands (KTB) and the biggest sale an exit from Spartannash (SPTN).

Most Recent 13F
Q2 2026
Location
ALAMEDA, CA
CIK
0001356783
Portfolio Value
$771.4M (Q3 2025)
SEC Filing
0001754960-25-000766 ↗ filed Nov 12, 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 Q2 2025 Q3 2025: $771.4M $771.4M Q3 2025 Q4 2025: $768.9M Q4 2025 Q1 2026: $636.9M Q1 2026 Q2 2026: $720.7M Q2 2026

Holdings 147 stocks · $771.4M
CVSA Covista Inc. filed as ADTALEM GLOBAL ED INC 2.53% 126,445 $19.5M Add +2.1%
PRIM Primoris Services Corp. 2.48% 139,565 $19.2M Reduce -11.0%
WTFC Wintrust Financial Corp. 2.12% 123,606 $16.4M Add +2.1%
NXST Nexstar Media Group Inc. 1.96% 76,374 $15.1M Add +2.2%
TTMI TTM Technologies 1.90% 254,937 $14.7M Reduce -37.7%
SKYW Skywest Inc. 1.83% 140,198 $14.1M Reduce -19.2%
SNEX Stonex Group Inc. 1.79% 136,537 $13.8M Add +2.2%
AMRX Amneal Pharmaceuticals Inc. 1.67% 1,285,784 $12.9M Add +2.1%
ABCB Ameris Bancorp 1.66% 175,157 $12.8M Add +2.1%
CASH Pathward Financial Inc. 1.60% 166,760 $12.3M Add +2.1%
COLB Columbia Banking System Inc. 1.59% 477,599 $12.3M Add +109.3%
SANM Sanmina Corp. 1.59% 106,554 $12.3M Add +21.6%
PFBC Preferred Bank/Los Angeles 1.53% 130,190 $11.8M Add +2.1%
AIR Aar Corp. 1.51% 130,012 $11.7M Add +2.1%
FHN First Horizon Corp. 1.50% 510,098 $11.5M Add +2.1%
DCO Ducommun Inc. 1.43% 115,116 $11.1M Add +2.2%
BKH Black Hills Corp. 1.39% 174,660 $10.8M Add +2.1%
FRME First Merchants Corp. 1.33% 272,129 $10.3M Add +2.1%
FNB FNB Corp. 1.31% 627,439 $10.1M Add +2.1%
TCBI Texas Capital Bancshares Inc. 1.23% 112,307 $9.5M Add +2.1%
WTM White Mountains Insurance GP 1.19% 5,505 $9.2M Add +2.1%
MKSI MKS Inc. 1.18% 73,542 $9.1M Add +2.4%
CMA Comerica Inc. 1.11% 125,421 $8.6M Add +2.1%
SAH Sonic Automotive Inc. Class A 1.11% 112,521 $8.6M Add +2.1%
R Ryder System Inc. 1.10% 45,050 $8.5M Add +2.1%
KTB Kontoor Brands Inc. 1.08% 104,715 $8.4M New
KMPR Kemper Corp. 1.08% 161,320 $8.3M Add +2.1%
ONB Old National Bancorp 1.06% 370,824 $8.1M Add +2.1%
OTTR Otter Tail Corp. 1.04% 97,913 $8.0M Add +2.1%
PENG Penguin Solutions Inc. 1.01% 296,312 $7.8M New
EFSC Enterprise Financial Service 1.01% 133,827 $7.8M Add +2.1%
RHP Ryman Hospitality Properties 1.00% 86,375 $7.7M Add +1.8%
OMF Onemain Holdings Inc. 0.98% 134,040 $7.6M Add +2.3%
HL Hecla Mining Co. 0.98% 625,283 $7.6M New
MTRN Materion Corp. 0.98% 62,477 $7.5M Add +67.0%
BANR Banner Corporation 0.97% 113,668 $7.4M Add +2.1%
REVG Rev Group Inc. 0.95% 129,951 $7.4M Add +2.1%
CSR Centerspace 0.95% 124,509 $7.3M Add +2.0%
TXNM TXNM Energy Inc. 0.94% 127,951 $7.2M New
SNV Synovus Financial Corp. 0.93% 146,937 $7.2M Reduce -12.5%
ADC Agree Realty Corp. 0.93% 101,174 $7.2M Add +1.9%
TPH Tri Pointe Homes Inc. 0.93% 211,282 $7.2M Add +2.1%
AM Antero Midstream Corp. 0.92% 366,658 $7.1M Add +2.2%
ADT Adt Inc. 0.92% 815,071 $7.1M Add +2.4%
ALE Allete Inc. 0.92% 106,751 $7.1M New
NPO Enpro Inc. 0.92% 31,314 $7.1M Add +2.1%
VRRM Verra Mobility Corp. 0.90% 282,252 $7.0M Add +2.4%
ANGO Angiodynamics Inc. 0.88% 607,824 $6.8M Add +79.6%
BGC BGC Group Inc. Class A 0.86% 704,578 $6.7M Add +2.2%
TRNO Terreno Realty Corp. 0.86% 117,330 $6.7M Add +2.1%
SWX Southwest Gas Holdings Inc. 0.85% 83,959 $6.6M Add +2.2%
SLG SL Green Realty Corp. 0.83% 107,671 $6.4M Add +1.6%
KD Kyndryl Holdings Inc. 0.83% 212,512 $6.4M Add +2.2%
MGY Magnolia Oil & Gas Corp. Class A 0.83% 266,754 $6.4M Add +40.9%
RRC Range Resources Corp. 0.80% 164,816 $6.2M Reduce -39.6%
KRG Kite Realty Group Trust 0.80% 275,881 $6.2M Add +2.1%
CHCT Community Healthcare Trust I 0.79% 400,027 $6.1M Add +2.0%
CALM Cal-Maine Foods Inc. 0.79% 64,641 $6.1M New
ABBV Abbvie Inc. 0.79% 26,239 $6.1M No change
CHRD Chord Energy Corp. 0.77% 59,797 $5.9M Add +51.2%
THS Treehouse Foods Inc. 0.77% 293,856 $5.9M Add +2.4%
IRT Independence Realty Trust Inc. 0.77% 361,438 $5.9M Add +1.4%
CRS Carpenter Technology 0.74% 23,206 $5.7M Reduce -36.9%
PNFP Pinnacle Financial Partners 0.71% 58,201 $5.5M Reduce -15.9%
BDC Belden Inc. 0.71% 45,294 $5.4M Add +2.4%
LYTS Lsi Industries Inc. 0.67% 220,297 $5.2M Add +2.1%
LADR Ladder Capital Corp.-REIT 0.67% 475,821 $5.2M Add +2.1%
UMBF Umb Financial Corp. 0.67% 43,508 $5.1M Add +2.1%
HRI Herc Holdings Inc. filed as HERC HLDGS INC 0.67% 44,090 $5.1M Add +2.1%
APAM Artisan Partners Asset Ma -A 0.66% 116,907 $5.1M Add +2.1%
VBTX Veritex Holdings Inc. 0.61% 139,294 $4.7M Add +2.4%
URBN Urban Outfitters Inc. 0.60% 65,244 $4.7M Add +2.1%
ELAN Elanco Animal Health Inc. 0.57% 219,959 $4.4M Add +2.1%
SHC Sotera Health Co. 0.57% 277,765 $4.4M Add +1.4%
AAP Advance Auto Parts Inc. 0.56% 69,843 $4.3M Add +2.4%
LNTH Lantheus Holdings Inc. 0.53% 80,138 $4.1M Add +2.1%
CLF Cleveland-Cliffs Inc. 0.51% 322,994 $3.9M New
MD Pediatrix Medical Group Inc. 0.50% 232,223 $3.9M New
FUL H.B. Fuller Co. filed as FULLER H B CO 0.50% 64,985 $3.9M Add +2.1%
RAL Ralliant Corp. 0.49% 86,713 $3.8M New
PCRX Pacira Biosciences Inc. 0.49% 146,903 $3.8M Reduce -24.1%
AUB Atlantic Union Bankshares Co. 0.49% 106,159 $3.7M New
PRM Perimeter Solutions Inc. 0.48% 166,418 $3.7M New
LZB La-Z-Boy Inc. 0.48% 108,131 $3.7M Add +2.1%
TKR Timken Co. 0.48% 49,096 $3.7M Add +2.1%
MAC The Macerich Co. 0.48% 202,714 $3.7M Add +1.8%
MHO M/I Homes Inc. 0.48% 25,541 $3.7M New
GIII G-III Apparel Group Ltd. 0.48% 137,909 $3.7M Reduce -37.8%
POR Portland General Electric Co. 0.48% 83,331 $3.7M Reduce -54.1%
ALRS Alerus Financial Corp. 0.47% 165,370 $3.7M New
GFF Griffon Corp. 0.47% 48,019 $3.7M New
NOG Northern Oil and Gas Inc. 0.47% 147,139 $3.6M Add +2.0%
ROCK Gibraltar Industries Inc. 0.46% 56,081 $3.5M Add +2.5%
AVTR Avantor Inc. 0.45% 280,546 $3.5M New
BOOT Boot Barn Holdings Inc. 0.45% 20,886 $3.5M Reduce -34.4%
QDEL Quidelortho Corp. 0.45% 116,665 $3.4M Add +2.1%
CUZ Cousins Properties Inc. 0.44% 116,427 $3.4M Add +2.2%
CON Concentra Group Holdings Par 0.43% 158,082 $3.3M Add +2.4%
ELME Elme Communities 0.42% 192,043 $3.2M Add +2.2%
MDXG Mimedx Group Inc. 0.38% 420,954 $2.9M Add +2.2%
SCHX Schwab US Large-Cap ETF 0.35% 102,081 $2.7M No change
CRGY Crescent Energy Inc. Class A 0.34% 297,346 $2.7M Add +2.1%
EHAB Enhabit Inc. 0.34% 328,770 $2.6M Add +2.4%
NVDA Nvidia Corp. 0.32% 13,375 $2.5M Reduce -2.0%
AAPL Apple Inc. 0.30% 9,100 $2.3M Reduce -2.4%
PTCT PTC Therapeutics Inc. 0.30% 37,234 $2.3M New
EPC Edgewell Personal Care Co. 0.29% 111,411 $2.3M Add +2.1%
CRNX Crinetics Pharmaceuticals Inc. 0.29% 54,015 $2.2M New
ACAD Acadia Pharmaceuticals Inc. 0.29% 104,343 $2.2M Add +2.1%
GOOGL Alphabet Inc. Class A 0.28% 8,784 $2.1M No change
MSFT Microsoft Corp. 0.27% 4,080 $2.1M No change
ARQT Arcutis Biotherapeutics Inc. 0.26% 106,307 $2.0M Add +2.2%
AGIO Agios Pharmaceuticals Inc. 0.24% 46,608 $1.9M New
AVNT Avient Corp. 0.23% 54,006 $1.8M Reduce -67.1%
VCYT Veracyte Inc. 0.22% 50,353 $1.7M Add +2.1%
CRC California Resources Corp. 0.22% 31,579 $1.7M New
ETN Eaton Corp. PLC 0.20% 4,090 $1.5M No change
BRK.B Berkshire Hathaway Inc. Class B 0.15% 2,372 $1.2M Reduce -1.7%
CRK Comstock Resources Inc. 0.14% 54,827 $1.1M No change
JNJ Johnson & Johnson 0.14% 5,689 $1.1M No change
SCHB Schwab US Broad Market ETF 0.12% 36,417 $936K No change
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.09% 2,300 $712K No change
CSD Invesco S&P Spin-Off ETF 0.09% 7,400 $689K No change
DOV Dover Corp. 0.08% 3,615 $603K No change
COST Costco Wholesale Corp. 0.07% 606 $561K No change
AMZN Amazon.com Inc. 0.07% 2,450 $538K No change
GOOG Alphabet Inc. Class C 0.07% 2,200 $536K No change
SPG Simon Property Group Inc. 0.06% 2,376 $446K Reduce -8.8%
PEP Pepsico Inc. 0.06% 3,113 $437K No change
UL Unilever PLC 0.05% 6,000 $356K No change
SCHH Schwab US REIT ETF 0.05% 16,411 $354K No change
CI The Cigna Group 0.05% 1,210 $349K No change
EQIX Equinix Inc. 0.04% 433 $339K Reduce -25.1%
PLD Prologis Inc. 0.04% 2,874 $329K Reduce -7.4%
EFA iShares MSCI Eafe ETF 0.04% 3,520 $329K No change
AMT American Tower Corp. 0.04% 1,636 $315K Reduce -10.4%
AVGO Broadcom Inc. 0.04% 900 $297K No change
PBF PBF Energy Inc. Class A 0.04% 9,581 $289K No change
JPM JPMorgan Chase & Co. 0.03% 851 $268K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.03% 4,640 $239K No change
FRT Federal Realty Invs Trust 0.03% 2,362 $239K Reduce -0.4%
PANW Palo Alto Networks Inc. 0.03% 1,170 $238K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.03% 345 $230K No change
IYR iShares US Real Estate ETF 0.03% 2,350 $228K No change
EXR Extra Space Storage Inc. 0.03% 1,570 $221K Reduce -14.0%
INVH Invitation Homes Inc. 0.03% 6,957 $204K Reduce -12.7%
PWR Quanta Services Inc. 0.03% 490 $203K New

Portfolio Sells Q2 2025 → Q3 2025
SPTN Spartannash Co. Sold out 0.00% −1.24
PR Permian Resources Corp. Class A Sold out 0.00% −0.89
PPBI Pacific Premier Bancorp Inc. Sold out 0.00% −0.79
RRC Range Resources Corp. Reduce -39.6% 0.80% −0.79
SKYW Skywest Inc. Reduce -19.2% 1.83% −0.74
COHR Coherent Corp. Sold out 0.00% −0.74
CRS Carpenter Technology Reduce -36.9% 0.74% −0.72
POR Portland General Electric Co. Reduce -54.1% 0.48% −0.59
AVNT Avient Corp. Reduce -67.1% 0.23% −0.53
ACHC Acadia Healthcare Co. Inc. Sold out 0.00% −0.53
TTMI TTM Technologies Reduce -37.7% 1.90% −0.50
VRNT Verint Systems Inc. Sold out 0.00% −0.48
GDEN Golden Entertainment Inc. Sold out 0.00% −0.40
PNFP Pinnacle Financial Partners Reduce -15.9% 0.71% −0.39
KFRC Kforce Inc. Sold out 0.00% −0.39
TWO Two Harbors Investment Corp. Sold out 0.00% −0.37
SNV Synovus Financial Corp. Reduce -12.5% 0.93% −0.31
THRY Thryv Holdings Inc. Sold out 0.00% −0.27
MIRM Mirum Pharmaceuticals Inc. Sold out 0.00% −0.26
BOOT Boot Barn Holdings Inc. Reduce -34.4% 0.45% −0.25
GIII G-III Apparel Group Ltd. Reduce -37.8% 0.48% −0.24
APLS Apellis Pharmaceuticals Inc. Sold out 0.00% −0.18
PCRX Pacira Biosciences Inc. Reduce -24.1% 0.49% −0.17
MAA Mid-America Apartment Comm Sold out 0.00% −0.03
SUI Sun Communities Inc. Sold out 0.00% −0.03
WELL Welltower Inc. Sold out 0.00% −0.03
EQIX Equinix Inc. Reduce -25.1% 0.04% −0.02
AMT American Tower Corp. Reduce -10.4% 0.04% −0.02
BRK.B Berkshire Hathaway Inc. Class B Reduce -1.7% 0.15% −0.01
INVH Invitation Homes Inc. Reduce -12.7% 0.03% −0.01
EXR Extra Space Storage Inc. Reduce -14.0% 0.03% −0.01
PLD Prologis Inc. Reduce -7.4% 0.04% −0.00
SPG Simon Property Group Inc. Reduce -8.8% 0.06% −0.00
FRT Federal Realty Invs Trust Reduce -0.4% 0.03% −0.00
NVDA Nvidia Corp. Reduce -2.0% 0.32% +0.01
AAPL Apple Inc. Reduce -2.4% 0.30% +0.03
PRIM Primoris Services Corp. Reduce -11.0% 2.48% +0.73

Portfolio Buys Q2 2025 → Q3 2025
KTB Kontoor Brands Inc. New 1.08% +1.08
PENG Penguin Solutions Inc. New 1.01% +1.01
HL Hecla Mining Co. New 0.98% +0.98
TXNM TXNM Energy Inc. New 0.94% +0.94
ALE Allete Inc. New 0.92% +0.92
COLB Columbia Banking System Inc. Add +109.3% 1.59% +0.83
CALM Cal-Maine Foods Inc. New 0.79% +0.79
MTRN Materion Corp. Add +67.0% 0.98% +0.55
CLF Cleveland-Cliffs Inc. New 0.51% +0.51
MD Pediatrix Medical Group Inc. New 0.50% +0.50
RAL Ralliant Corp. New 0.49% +0.49
AUB Atlantic Union Bankshares Co. New 0.49% +0.49
PRM Perimeter Solutions Inc. New 0.48% +0.48
MHO M/I Homes Inc. New 0.48% +0.48
ALRS Alerus Financial Corp. New 0.47% +0.47
GFF Griffon Corp. New 0.47% +0.47
AVTR Avantor Inc. New 0.45% +0.45
ANGO Angiodynamics Inc. Add +79.6% 0.88% +0.40
SANM Sanmina Corp. Add +21.6% 1.59% +0.36
PTCT PTC Therapeutics Inc. New 0.30% +0.30
CRNX Crinetics Pharmaceuticals Inc. New 0.29% +0.29
CVSA Covista Inc. Add +2.1% 2.53% +0.27
AIR Aar Corp. Add +2.1% 1.51% +0.25
AGIO Agios Pharmaceuticals Inc. New 0.24% +0.24
CHRD Chord Energy Corp. Add +51.2% 0.77% +0.22
CRC California Resources Corp. New 0.22% +0.22
MGY Magnolia Oil & Gas Corp. Class A Add +40.9% 0.83% +0.21
AMRX Amneal Pharmaceuticals Inc. Add +2.1% 1.67% +0.20
MKSI MKS Inc. Add +2.4% 1.18% +0.15
LYTS Lsi Industries Inc. Add +2.1% 0.67% +0.15
ELAN Elanco Animal Health Inc. Add +2.1% 0.57% +0.13
SHC Sotera Health Co. Add +1.4% 0.57% +0.13
AAP Advance Auto Parts Inc. Add +2.4% 0.56% +0.10
NXST Nexstar Media Group Inc. Add +2.2% 1.96% +0.10
DCO Ducommun Inc. Add +2.2% 1.43% +0.10
VBTX Veritex Holdings Inc. Add +2.4% 0.61% +0.10
R Ryder System Inc. Add +2.1% 1.10% +0.09
REVG Rev Group Inc. Add +2.1% 0.95% +0.08
NPO Enpro Inc. Add +2.1% 0.92% +0.07
ABCB Ameris Bancorp Add +2.1% 1.66% +0.07
CMA Comerica Inc. Add +2.1% 1.11% +0.06
ARQT Arcutis Biotherapeutics Inc. Add +2.2% 0.26% +0.05
SNEX Stonex Group Inc. Add +2.2% 1.79% +0.04
VCYT Veracyte Inc. Add +2.1% 0.22% +0.03
PWR Quanta Services Inc. New 0.03% +0.03
UMBF Umb Financial Corp. Add +2.1% 0.67% +0.02
FNB FNB Corp. Add +2.1% 1.31% +0.02
MDXG Mimedx Group Inc. Add +2.2% 0.38% +0.02
MAC The Macerich Co. Add +1.8% 0.48% +0.01
BKH Black Hills Corp. Add +2.1% 1.39% +0.01

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