Phocas Financial Corp.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 26, 2026), Phocas Financial Corp. reported 148 stock positions worth $768.9 million. Its top holding was Wintrust Financial (WTFC) at 2.2% of the portfolio, followed by Amneal Pharmaceuticals (AMRX, 2.1%) and Nexstar Media (NXST, 2.0%). Compared with Q3 2025, it opened 20 new positions, sold out of 19, added to 13 and reduced 91. The biggest buy was a new position in National Energy Services Reu (NESR) and the biggest sale an exit from First Horizon (FHN).

Most Recent 13F
Q2 2026
Location
ALAMEDA, CA
CIK
0001356783
Portfolio Value
$768.9M (Q4 2025)
SEC Filing
0001754960-26-000109 ↗ filed Jan 26, 2026

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 Q3 2025 Q4 2025: $768.9M $768.9M Q4 2025 Q1 2026: $636.9M Q1 2026 Q2 2026: $720.7M Q2 2026

Holdings 148 stocks · $768.9M
WTFC Wintrust Financial Corp. 2.24% 123,314 $17.2M Reduce -0.2%
AMRX Amneal Pharmaceuticals Inc. 2.10% 1,282,974 $16.2M Reduce -0.2%
NXST Nexstar Media Group Inc. 2.01% 76,193 $15.5M Reduce -0.2%
SKYW Skywest Inc. 1.83% 139,856 $14.0M Reduce -0.2%
COLB Columbia Banking System Inc. 1.73% 476,456 $13.3M Reduce -0.2%
CVSA Covista Inc. filed as ADTALEM GLOBAL ED INC 1.70% 126,132 $13.1M Reduce -0.3%
ABCB Ameris Bancorp 1.69% 174,733 $13.0M Reduce -0.2%
SNEX Stonex Group Inc. 1.69% 136,202 $13.0M Reduce -0.3%
PFBC Preferred Bank/Los Angeles 1.59% 129,878 $12.3M Reduce -0.2%
HL Hecla Mining Co. 1.56% 623,842 $12.0M Reduce -0.2%
CASH Pathward Financial Inc. 1.54% 166,353 $11.8M Reduce -0.2%
MKSI MKS Inc. 1.52% 73,365 $11.7M Reduce -0.2%
WTM White Mountains Insurance GP 1.48% 5,491 $11.4M Reduce -0.3%
TTMI TTM Technologies 1.48% 165,357 $11.4M Reduce -35.1%
SANM Sanmina Corp. 1.45% 74,346 $11.2M Reduce -30.2%
DCO Ducommun Inc. 1.42% 114,834 $10.9M Reduce -0.2%
AIR Aar Corp. 1.40% 129,689 $10.7M Reduce -0.3%
FNB FNB Corp. 1.39% 625,940 $10.7M Reduce -0.2%
BKH Black Hills Corp. 1.39% 154,041 $10.7M Reduce -11.8%
TRNO Terreno Realty Corp. 1.38% 180,452 $10.6M Add +53.8%
FRME First Merchants Corp. 1.32% 271,481 $10.2M Reduce -0.2%
TCBI Texas Capital Bancshares Inc. 1.32% 112,035 $10.1M Reduce -0.2%
OMF Onemain Holdings Inc. 1.17% 133,708 $9.0M Reduce -0.3%
R Ryder System Inc. 1.12% 44,940 $8.6M Reduce -0.2%
NESR National Energy Services Reu 1.08% 530,741 $8.3M New
CSR Centerspace 1.08% 123,999 $8.3M Reduce -0.4%
ONB Old National Bancorp 1.07% 369,924 $8.3M Reduce -0.2%
RHP Ryman Hospitality Properties 1.06% 86,168 $8.2M Reduce -0.2%
RAL Ralliant Corp. 1.04% 157,116 $8.0M Add +81.2%
OTTR Otter Tail Corp. 1.03% 97,678 $7.9M Reduce -0.2%
REVG Rev Group Inc. 1.03% 129,639 $7.9M Reduce -0.2%
ANGO Angiodynamics Inc. 1.01% 606,273 $7.8M Reduce -0.3%
PRIM Primoris Services Corp. 1.01% 62,478 $7.8M Reduce -55.2%
MTRN Materion Corp. 1.01% 62,326 $7.7M Reduce -0.2%
TXNM TXNM Energy Inc. 0.99% 128,758 $7.6M Add +0.6%
ALRS Alerus Financial Corp. 0.98% 334,357 $7.5M Add +102.2%
TKR Timken Co. 0.97% 88,967 $7.5M Add +81.2%
HRI Herc Holdings Inc. filed as HERC HLDGS INC 0.96% 49,869 $7.4M Add +13.1%
CRS Carpenter Technology 0.95% 23,147 $7.3M Reduce -0.3%
ADC Agree Realty Corp. 0.95% 100,932 $7.3M Reduce -0.2%
EFSC Enterprise Financial Service 0.94% 133,505 $7.2M Reduce -0.2%
MD Pediatrix Medical Group Inc. 0.93% 335,551 $7.2M Add +44.5%
IDA Idacorp Inc. 0.93% 56,662 $7.2M New
BANR Banner Corporation 0.92% 113,401 $7.1M Reduce -0.2%
NFG National Fuel Gas Co. 0.92% 88,511 $7.1M New
GIII G-III Apparel Group Ltd. 0.92% 244,406 $7.1M Add +77.2%
SAH Sonic Automotive Inc. Class A 0.90% 112,246 $6.9M Reduce -0.2%
NPO Enpro Inc. 0.87% 31,240 $6.7M Reduce -0.2%
CHRD Chord Energy Corp. 0.87% 72,153 $6.7M Add +20.7%
TPH Tri Pointe Homes Inc. 0.86% 210,798 $6.6M Reduce -0.2%
KRG Kite Realty Group Trust 0.86% 275,239 $6.6M Reduce -0.2%
ADT Adt Inc. 0.85% 813,131 $6.6M Reduce -0.2%
CHCT Community Healthcare Trust I 0.85% 398,893 $6.5M Reduce -0.3%
AM Antero Midstream Corp. 0.85% 365,743 $6.5M Reduce -0.3%
KTB Kontoor Brands Inc. 0.83% 104,479 $6.4M Reduce -0.2%
VRRM Verra Mobility Corp. 0.82% 281,618 $6.3M Reduce -0.2%
CLF Cleveland-Cliffs Inc. 0.82% 474,862 $6.3M Add +47.0%
IRT Independence Realty Trust Inc. 0.82% 360,359 $6.3M Reduce -0.3%
BGC BGC Group Inc. Class A 0.82% 702,819 $6.3M Reduce -0.3%
ABBV Abbvie Inc. 0.78% 26,239 $6.0M No change
MGY Magnolia Oil & Gas Corp. Class A 0.76% 266,299 $5.8M Reduce -0.2%
PENG Penguin Solutions Inc. 0.75% 295,583 $5.8M Reduce -0.3%
BDC Belden Inc. 0.68% 45,185 $5.3M Reduce -0.2%
LADR Ladder Capital Corp.-REIT 0.68% 474,719 $5.2M Reduce -0.2%
CALM Cal-Maine Foods Inc. 0.67% 64,472 $5.1M Reduce -0.3%
UMBF Umb Financial Corp. 0.65% 43,404 $5.0M Reduce -0.2%
SLG SL Green Realty Corp. 0.64% 107,332 $4.9M Reduce -0.3%
URBN Urban Outfitters Inc. 0.64% 65,100 $4.9M Reduce -0.2%
SHC Sotera Health Co. 0.64% 277,139 $4.9M Reduce -0.2%
QDEL Quidelortho Corp. 0.63% 170,018 $4.9M Add +45.7%
APAM Artisan Partners Asset Ma -A 0.62% 116,636 $4.8M Reduce -0.2%
PRM Perimeter Solutions Inc. 0.59% 165,987 $4.6M Reduce -0.3%
RRC Range Resources Corp. 0.58% 127,167 $4.5M Reduce -22.8%
OPCH Option Care Health Inc. 0.54% 130,667 $4.2M New
ELAN Elanco Animal Health Inc. 0.54% 182,755 $4.1M Reduce -16.9%
MDU Mdu Resources Group Inc. 0.53% 210,150 $4.1M New
SUPN Supernus Pharmaceuticals Inc. 0.53% 81,320 $4.0M New
LYTS Lsi Industries Inc. 0.52% 219,779 $4.0M Reduce -0.2%
LZB La-Z-Boy Inc. 0.52% 107,885 $4.0M Reduce -0.2%
CCB Coastal Financial Corp. 0.51% 34,453 $3.9M New
BELFB Bel Fuse Inc. Class B 0.51% 23,091 $3.9M New
FUL H.B. Fuller Co. filed as FULLER H B CO 0.50% 64,839 $3.9M Reduce -0.2%
SR Spire Inc. 0.49% 45,903 $3.8M New
PCRX Pacira Biosciences Inc. 0.49% 146,535 $3.8M Reduce -0.3%
VIAV Viavi Solutions Inc. 0.49% 211,672 $3.8M New
CON Concentra Group Holdings Par 0.49% 190,328 $3.7M Add +20.4%
KD Kyndryl Holdings Inc. 0.49% 141,023 $3.7M Reduce -33.6%
AUB Atlantic Union Bankshares Co. 0.49% 105,897 $3.7M Reduce -0.3%
MAC The Macerich Co. 0.49% 202,221 $3.7M Reduce -0.2%
BOOT Boot Barn Holdings Inc. 0.48% 20,836 $3.7M Reduce -0.2%
GSHD Goosehead Insurance Inc. Class A 0.48% 49,812 $3.7M New
JJSF J & J Snack Foods Corp. 0.47% 40,358 $3.6M New
CBK Commercial Bancgroup Inc. 0.47% 146,869 $3.6M New
THS Treehouse Foods Inc. 0.46% 149,718 $3.5M Reduce -49.0%
GFF Griffon Corp. 0.46% 47,906 $3.5M Reduce -0.2%
FFIN First Finl Bankshares Inc. 0.46% 117,686 $3.5M New
MDXG Mimedx Group Inc. 0.43% 492,991 $3.3M Add +17.1%
CPK Chesapeake Utilities Corp. 0.43% 26,559 $3.3M New
MHO M/I Homes Inc. 0.42% 25,484 $3.3M Reduce -0.2%
CUZ Cousins Properties Inc. 0.39% 116,155 $3.0M Reduce -0.2%
ACAD Acadia Pharmaceuticals Inc. 0.36% 104,072 $2.8M Reduce -0.3%
ROCK Gibraltar Industries Inc. 0.36% 55,950 $2.8M Reduce -0.2%
GOOGL Alphabet Inc. Class A 0.36% 8,784 $2.7M No change
AAP Advance Auto Parts Inc. 0.36% 69,692 $2.7M Reduce -0.2%
SCHX Schwab US Large-Cap ETF 0.35% 101,124 $2.7M Reduce -0.9%
CRNX Crinetics Pharmaceuticals Inc. 0.33% 53,877 $2.5M Reduce -0.3%
NVDA Nvidia Corp. 0.32% 13,375 $2.5M No change
CRGY Crescent Energy Inc. Class A 0.32% 296,617 $2.5M Reduce -0.3%
AAPL Apple Inc. 0.32% 9,008 $2.4M Reduce -1.0%
VCYT Veracyte Inc. 0.28% 50,231 $2.1M Reduce -0.2%
CRMD Cormedix Inc. 0.26% 171,087 $2.0M New
MSFT Microsoft Corp. 0.26% 4,080 $2.0M No change
BCRX Biocryst Pharmaceuticals Inc. 0.25% 250,797 $2.0M New
PTCT PTC Therapeutics Inc. 0.25% 25,482 $1.9M Reduce -31.6%
ARQT Arcutis Biotherapeutics Inc. 0.24% 64,499 $1.9M Reduce -39.3%
AVNT Avient Corp. 0.22% 53,877 $1.7M Reduce -0.2%
NGS Natural Gas Services Group 0.19% 43,688 $1.5M New
CRC California Resources Corp. 0.18% 31,502 $1.4M Reduce -0.2%
ETN Eaton Corp. PLC 0.17% 4,090 $1.3M No change
CRK Comstock Resources Inc. 0.16% 54,427 $1.3M Reduce -0.7%
JNJ Johnson & Johnson 0.15% 5,689 $1.2M No change
BRK.B Berkshire Hathaway Inc. Class B 0.15% 2,312 $1.2M Reduce -2.5%
SCHB Schwab US Broad Market ETF 0.12% 36,417 $955K No change
KN Knowles Corp. 0.12% 43,927 $941K New
CSD Invesco S&P Spin-Off ETF 0.10% 7,400 $738K No change
DOV Dover Corp. 0.09% 3,615 $706K No change
GOOG Alphabet Inc. Class C 0.09% 2,200 $690K No change
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.08% 2,300 $595K No change
AMZN Amazon.com Inc. 0.07% 2,450 $566K No change
COST Costco Wholesale Corp. 0.07% 606 $523K No change
SPG Simon Property Group Inc. 0.06% 2,355 $436K Reduce -0.9%
PLD Prologis Inc. 0.05% 2,844 $363K Reduce -1.0%
UL Unilever PLC-Sponsored ADR 0.05% 5,333 $349K No change
SCHH Schwab US REIT ETF 0.04% 16,411 $343K No change
EFA iShares MSCI Eafe ETF 0.04% 3,520 $338K No change
CI The Cigna Group 0.04% 1,210 $333K No change
EQIX Equinix Inc. 0.04% 429 $329K Reduce -0.9%
AVGO Broadcom Inc. 0.04% 900 $311K No change
AGG iShares Core U.S. Aggregate 0.04% 2,791 $279K New
JPM JPMorgan Chase & Co. 0.04% 851 $274K No change
AMT American Tower Corp. 0.04% 1,535 $270K Reduce -6.2%
PBF PBF Energy Inc. Class A 0.03% 9,523 $258K Reduce -0.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.03% 4,640 $255K No change
FRT Federal Realty Invs Trust 0.03% 2,349 $237K Reduce -0.6%
SPY SS SPDR S&P 500 ETF Trust-US 0.03% 345 $235K No change
IYR iShares US Real Estate ETF 0.03% 2,350 $221K No change
PANW Palo Alto Networks Inc. 0.03% 1,170 $216K No change
PWR Quanta Services Inc. 0.03% 490 $207K No change

Portfolio Sells Q3 2025 → Q4 2025
FHN First Horizon Corp. Sold out 0.00% −1.50
PRIM Primoris Services Corp. Reduce -55.2% 1.01% −1.48
CMA Comerica Inc. Sold out 0.00% −1.11
KMPR Kemper Corp. Sold out 0.00% −1.08
SNV Synovus Financial Corp. Sold out 0.00% −0.93
ALE Allete Inc. Sold out 0.00% −0.92
SWX Southwest Gas Holdings Inc. Sold out 0.00% −0.85
CVSA Covista Inc. Reduce -0.3% 1.70% −0.83
PNFP Pinnacle Financial Partners Sold out 0.00% −0.71
VBTX Veritex Holdings Inc. Sold out 0.00% −0.61
LNTH Lantheus Holdings Inc. Sold out 0.00% −0.53
POR Portland General Electric Co. Sold out 0.00% −0.48
NOG Northern Oil and Gas Inc. Sold out 0.00% −0.47
AVTR Avantor Inc. Sold out 0.00% −0.45
TTMI TTM Technologies Reduce -35.1% 1.48% −0.42
ELME Elme Communities Sold out 0.00% −0.42
EHAB Enhabit Inc. Sold out 0.00% −0.34
KD Kyndryl Holdings Inc. Reduce -33.6% 0.49% −0.34
THS Treehouse Foods Inc. Reduce -49.0% 0.46% −0.31
EPC Edgewell Personal Care Co. Sold out 0.00% −0.29
PENG Penguin Solutions Inc. Reduce -0.3% 0.75% −0.26
KTB Kontoor Brands Inc. Reduce -0.2% 0.83% −0.25
AGIO Agios Pharmaceuticals Inc. Sold out 0.00% −0.24
RRC Range Resources Corp. Reduce -22.8% 0.58% −0.22
SAH Sonic Automotive Inc. Class A Reduce -0.2% 0.90% −0.21
AAP Advance Auto Parts Inc. Reduce -0.2% 0.36% −0.20
SLG SL Green Realty Corp. Reduce -0.3% 0.64% −0.19
LYTS Lsi Industries Inc. Reduce -0.2% 0.52% −0.15
SANM Sanmina Corp. Reduce -30.2% 1.45% −0.14
CALM Cal-Maine Foods Inc. Reduce -0.3% 0.67% −0.12
AIR Aar Corp. Reduce -0.3% 1.40% −0.12
SNEX Stonex Group Inc. Reduce -0.3% 1.69% −0.10
ROCK Gibraltar Industries Inc. Reduce -0.2% 0.36% −0.10
VRRM Verra Mobility Corp. Reduce -0.2% 0.82% −0.08
AM Antero Midstream Corp. Reduce -0.3% 0.85% −0.08
EFSC Enterprise Financial Service Reduce -0.2% 0.94% −0.07
TPH Tri Pointe Homes Inc. Reduce -0.2% 0.86% −0.07
MGY Magnolia Oil & Gas Corp. Class A Reduce -0.2% 0.76% −0.07
ADT Adt Inc. Reduce -0.2% 0.85% −0.07
CASH Pathward Financial Inc. Reduce -0.2% 1.54% −0.06
PEP Pepsico Inc. Sold out 0.00% −0.06
MHO M/I Homes Inc. Reduce -0.2% 0.42% −0.05
BGC BGC Group Inc. Class A Reduce -0.3% 0.82% −0.05
NPO Enpro Inc. Reduce -0.2% 0.87% −0.05
CUZ Cousins Properties Inc. Reduce -0.2% 0.39% −0.05
PTCT PTC Therapeutics Inc. Reduce -31.6% 0.25% −0.04
BANR Banner Corporation Reduce -0.2% 0.92% −0.04
APAM Artisan Partners Asset Ma -A Reduce -0.2% 0.62% −0.04
ELAN Elanco Animal Health Inc. Reduce -16.9% 0.54% −0.04
CRC California Resources Corp. Reduce -0.2% 0.18% −0.03

Portfolio Buys Q3 2025 → Q4 2025
NESR National Energy Services Reu New 1.08% +1.08
IDA Idacorp Inc. New 0.93% +0.93
NFG National Fuel Gas Co. New 0.92% +0.92
RAL Ralliant Corp. Add +81.2% 1.04% +0.55
OPCH Option Care Health Inc. New 0.54% +0.54
MDU Mdu Resources Group Inc. New 0.53% +0.53
SUPN Supernus Pharmaceuticals Inc. New 0.53% +0.53
TRNO Terreno Realty Corp. Add +53.8% 1.38% +0.51
CCB Coastal Financial Corp. New 0.51% +0.51
BELFB Bel Fuse Inc. Class B New 0.51% +0.51
ALRS Alerus Financial Corp. Add +102.2% 0.98% +0.50
TKR Timken Co. Add +81.2% 0.97% +0.49
SR Spire Inc. New 0.49% +0.49
VIAV Viavi Solutions Inc. New 0.49% +0.49
GSHD Goosehead Insurance Inc. Class A New 0.48% +0.48
JJSF J & J Snack Foods Corp. New 0.47% +0.47
CBK Commercial Bancgroup Inc. New 0.47% +0.47
FFIN First Finl Bankshares Inc. New 0.46% +0.46
GIII G-III Apparel Group Ltd. Add +77.2% 0.92% +0.44
CPK Chesapeake Utilities Corp. New 0.43% +0.43
MD Pediatrix Medical Group Inc. Add +44.5% 0.93% +0.43
CLF Cleveland-Cliffs Inc. Add +47.0% 0.82% +0.31
HRI Herc Holdings Inc. Add +13.1% 0.96% +0.30
CRMD Cormedix Inc. New 0.26% +0.26
BCRX Biocryst Pharmaceuticals Inc. New 0.25% +0.25
NGS Natural Gas Services Group New 0.19% +0.19
QDEL Quidelortho Corp. Add +45.7% 0.63% +0.19
KN Knowles Corp. New 0.12% +0.12
CHRD Chord Energy Corp. Add +20.7% 0.87% +0.10
CON Concentra Group Holdings Par Add +20.4% 0.49% +0.06
MDXG Mimedx Group Inc. Add +17.1% 0.43% +0.05
TXNM TXNM Energy Inc. Add +0.6% 0.99% +0.05
AGG iShares Core U.S. Aggregate New 0.04% +0.04

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