# Phocas Financial Corp.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1356783. Source: https://holderbook.com/funds/1356783-phocas-financial-corp/

- Reported value: $720.7M
- Positions: 153
- Weight of the ten largest: 17.9%
- Filed: 2026-07-31

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| DUCOMMUN INC DEL | [DCO](https://holderbook.com/stocks/DCO/) | $15.8M | 85,367 | 2.2% | 14 |
| AMNEAL PHARMACEUTICALS INC | [AMRX](https://holderbook.com/stocks/AMRX/) | $14.2M | 819,476 | 2.0% | 11 |
| AAR CORP | [AIR](https://holderbook.com/stocks/AIR/) | $13.8M | 96,446 | 1.9% | 22 |
| MATERION CORP | [MTRN](https://holderbook.com/stocks/MTRN/) | $13.7M | 46,207 | 1.9% | 31 |
| STONEX GROUP INC | [SNEX](https://holderbook.com/stocks/SNEX/) | $12.3M | 103,699 | 1.7% | 23 |
| RALLIANT CORP | [RAL](https://holderbook.com/stocks/RAL/) | $12.1M | 163,960 | 1.7% | 4 |
| WINTRUST FINL CORP | [WTFC](https://holderbook.com/stocks/WTFC/) | $12.0M | 74,921 | 1.7% | 14 |
| NATIONAL ENERGY SERVICES REU | [NESR](https://holderbook.com/stocks/NESR/) | $11.8M | 393,666 | 1.6% | 3 |
| AMERIS BANCORP | [ABCB](https://holderbook.com/stocks/ABCB/) | $11.7M | 129,952 | 1.6% | 28 |
| COLUMBIA BKG SYS INC | [COLB](https://holderbook.com/stocks/COLB/) | $11.3M | 353,629 | 1.6% | 8 |
| ALERUS FINL CORP | [ALRS](https://holderbook.com/stocks/ALRS/) | $11.0M | 354,155 | 1.5% | 4 |
| PATHWARD FINANCIAL INC | [CASH](https://holderbook.com/stocks/CASH/) | $10.8M | 123,662 | 1.5% | 31 |
| CARPENTER TECHNOLOGY CORP | [CRS](https://holderbook.com/stocks/CRS/) | $10.6M | 17,154 | 1.5% | 11 |
| SKYWEST INC | [SKYW](https://holderbook.com/stocks/SKYW/) | $10.3M | 103,670 | 1.4% | 14 |
| PREFERRED BK LOS ANGELES CA | [PFBC](https://holderbook.com/stocks/PFBC/) | $10.3M | 96,557 | 1.4% | 31 |
| TIMKEN CO | [TKR](https://holderbook.com/stocks/TKR/) | $9.6M | 65,888 | 1.3% | 7 |
| ATLANTIC UN BANKSHARES CORP | [AUB](https://holderbook.com/stocks/AUB/) | $8.9M | 211,179 | 1.2% | 4 |
| F N B CORP | [FNB](https://holderbook.com/stocks/FNB/) | $8.9M | 465,226 | 1.2% | 31 |
| FIRST MERCHANTS CORP | [FRME](https://holderbook.com/stocks/FRME/) | $8.8M | 201,603 | 1.2% | 29 |
| RYDER SYS INC | [R](https://holderbook.com/stocks/R/) | $8.8M | 33,371 | 1.2% | 21 |
| ENPRO INC | [NPO](https://holderbook.com/stocks/NPO/) | $8.8M | 23,219 | 1.2% | 22 |
| TERRENO RLTY CORP | [TRNO](https://holderbook.com/stocks/TRNO/) | $8.7M | 133,780 | 1.2% | 17 |
| TEXAS CAP BANCSHARES INC | [TCBI](https://holderbook.com/stocks/TCBI/) | $8.6M | 83,289 | 1.2% | 21 |
| BLACK HILLS CORP | [BKH](https://holderbook.com/stocks/BKH/) | $8.5M | 113,884 | 1.2% | 31 |
| WHITE MTNS INS GROUP LTD | [WTM](https://holderbook.com/stocks/WTM/) | $8.5M | 4,078 | 1.2% | 7 |
| RYMAN HOSPITALITY PPTYS INC | [RHP](https://holderbook.com/stocks/RHP/) | $8.3M | 64,311 | 1.1% | 25 |
| PENGUIN SOLUTIONS INC | [PENG](https://holderbook.com/stocks/PENG/) | $7.7M | 101,015 | 1.1% | 4 |
| MKS INC. | [MKSI](https://holderbook.com/stocks/MKSI/) | $7.6M | 16,990 | 1.0% | 8 |
| BENCHMARK ELECTRS INC | [BHE](https://holderbook.com/stocks/BHE/) | $7.3M | 74,395 | 1.0% | 2 |
| SL GREEN RLTY CORP | [SLG](https://holderbook.com/stocks/SLG/) | $7.2M | 139,040 | 1.0% | 11 |
| OLD NATL BANCORP IND | [ONB](https://holderbook.com/stocks/ONB/) | $7.1M | 274,955 | 1.0% | 13 |
| SONIC AUTOMOTIVE INC | [SAH](https://holderbook.com/stocks/SAH/) | $7.1M | 83,342 | 1.0% | 8 |
| SANMINA CORP | [SANM](https://holderbook.com/stocks/SANM/) | $7.0M | 27,754 | 1.0% | 8 |
| FLAGSTAR BANK NATIONAL ASSOC | [FLG](https://holderbook.com/stocks/FLG/) | $7.0M | 469,335 | 1.0% | 2 |
| VISHAY INTERTECHNOLOGY INC | [VSH](https://holderbook.com/stocks/VSH/) | $6.9M | 127,996 | 1.0% | 2 |
| TEREX CORP NEW | [TEX](https://holderbook.com/stocks/TEX/) | $6.9M | 94,675 | 1.0% | 2 |
| MDU RES GROUP INC | [MDU](https://holderbook.com/stocks/MDU/) | $6.8M | 322,253 | 0.9% | 3 |
| HERC HLDGS INC | [HRI](https://holderbook.com/stocks/HRI/) | $6.8M | 47,577 | 0.9% | 14 |
| NATURAL GAS SVCS GROUP INC | [NGS](https://holderbook.com/stocks/NGS/) | $6.7M | 154,426 | 0.9% | 3 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $6.6M | 26,200 | 0.9% | 28 |
| OTTER TAIL CORP | [OTTR](https://holderbook.com/stocks/OTTR/) | $6.5M | 72,681 | 0.9% | 22 |
| ENTERPRISE FINL SVCS CORP | [EFSC](https://holderbook.com/stocks/EFSC/) | $6.5M | 99,188 | 0.9% | 31 |
| KONTOOR BRANDS INC | [KTB](https://holderbook.com/stocks/KTB/) | $6.4M | 77,376 | 0.9% | 4 |
| FIRST FINL BANKSHARES INC | [FFIN](https://holderbook.com/stocks/FFIN/) | $6.4M | 185,800 | 0.9% | 3 |
| IDACORP INC | [IDA](https://holderbook.com/stocks/IDA/) | $6.4M | 42,000 | 0.9% | 3 |
| COVISTA INC | [CVSA](https://holderbook.com/stocks/CVSA/) | $6.3M | 50,902 | 0.9% | 11 |
| PEDIATRIX MEDICAL GROUP INC | [MD](https://holderbook.com/stocks/MD/) | $6.3M | 248,762 | 0.9% | 4 |
| ANTERO MIDSTREAM CORP | [AM](https://holderbook.com/stocks/AM/) | $6.2M | 272,106 | 0.9% | 16 |
| URBAN OUTFITTERS INC | [URBN](https://holderbook.com/stocks/URBN/) | $6.1M | 86,532 | 0.9% | 7 |
| G III APPAREL GROUP LTD | [GIII](https://holderbook.com/stocks/GIII/) | $6.1M | 181,453 | 0.8% | 25 |
| VISTEON CORP | [VC](https://holderbook.com/stocks/VC/) | $6.0M | 60,446 | 0.8% | 2 |
| KITE REALTY GROUP TRUST | [KRG](https://holderbook.com/stocks/KRG/) | $5.8M | 204,464 | 0.8% | 8 |
| CHORD ENERGY CORPORATION | [CHRD](https://holderbook.com/stocks/CHRD/) | $5.7M | 50,290 | 0.8% | 13 |
| BANNER CORP | [BANR](https://holderbook.com/stocks/BANR/) | $5.6M | 84,286 | 0.8% | 19 |
| BGC GROUP INC | [BGC](https://holderbook.com/stocks/BGC/) | $5.6M | 522,276 | 0.8% | 8 |
| TXNM ENERGY INC | [TXNM](https://holderbook.com/stocks/TXNM/) | $5.5M | 97,364 | 0.8% | 4 |
| KNOWLES CORP | [KN](https://holderbook.com/stocks/KN/) | $5.4M | 130,941 | 0.8% | 3 |
| COMMUNITY HEALTHCARE TR INC | [CHCT](https://holderbook.com/stocks/CHCT/) | $5.4M | 296,939 | 0.8% | 8 |
| AVIENT CORPORATION | [AVNT](https://holderbook.com/stocks/AVNT/) | $5.4M | 145,980 | 0.7% | 24 |
| TELEPHONE & DATA SYS INC | [TDS](https://holderbook.com/stocks/TDS/) | $5.2M | 141,651 | 0.7% | 2 |
| CENTERSPACE | [CSR](https://holderbook.com/stocks/CSR/) | $5.2M | 92,494 | 0.7% | 19 |
| NATIONAL FUEL GAS CO | [NFG](https://holderbook.com/stocks/NFG/) | $5.1M | 65,417 | 0.7% | 3 |
| MATADOR RES CO | [MTDR](https://holderbook.com/stocks/MTDR/) | $5.0M | 100,080 | 0.7% | 2 |
| BEL FUSE INC | [BELFB](https://holderbook.com/stocks/BELFB/) | $4.8M | 14,521 | 0.7% | 3 |
| ELEMENT SOLUTIONS INC | [ESI](https://holderbook.com/stocks/ESI/) | $4.8M | 101,032 | 0.7% | 2 |
| ADT INC DEL | [ADT](https://holderbook.com/stocks/ADT/) | $4.8M | 738,914 | 0.7% | 5 |
| MAGNOLIA OIL & GAS CORP | [MGY](https://holderbook.com/stocks/MGY/) | $4.8M | 187,730 | 0.7% | 22 |
| NEXSTAR MEDIA GROUP INC | [NXST](https://holderbook.com/stocks/NXST/) | $4.8M | 26,658 | 0.7% | 31 |
| LITTELFUSE INC | [LFUS](https://holderbook.com/stocks/LFUS/) | $4.7M | 10,225 | 0.6% | 2 |
| UMB FINL CORP | [UMBF](https://holderbook.com/stocks/UMBF/) | $4.6M | 32,273 | 0.6% | 6 |
| INDEPENDENCE RLTY TR INC | [IRT](https://holderbook.com/stocks/IRT/) | $4.5M | 268,847 | 0.6% | 31 |
| LSI INDS INC OHIO | [LYTS](https://holderbook.com/stocks/LYTS/) | $4.4M | 163,716 | 0.6% | 8 |
| ZEVRA THERAPEUTICS INC | [ZVRA](https://holderbook.com/stocks/ZVRA/) | $4.2M | 295,907 | 0.6% | 2 |
| HECLA MINING COMPANY | [HL](https://holderbook.com/stocks/HL/) | $4.2M | 271,410 | 0.6% | 4 |
| CONCENTRA GROUP HOLDINGS PAR | [CON](https://holderbook.com/stocks/CON/) | $4.2M | 140,334 | 0.6% | 5 |
| OPTION CARE HEALTH INC | [OPCH](https://holderbook.com/stocks/OPCH/) | $4.2M | 198,032 | 0.6% | 3 |
| CALLAWAY GOLF CO | [CALY](https://holderbook.com/stocks/CALY/) | $4.1M | 218,836 | 0.6% | 2 |
| CAL MAINE FOODS INC | [CALM](https://holderbook.com/stocks/CALM/) | $3.8M | 47,775 | 0.5% | 4 |
| ANGIODYNAMICS INC | [ANGO](https://holderbook.com/stocks/ANGO/) | $3.8M | 292,510 | 0.5% | 6 |
| GREEN BRICK PARTNERS INC | [GRBK](https://holderbook.com/stocks/GRBK/) | $3.8M | 47,335 | 0.5% | 1 |
| MACERICH CO | [MAC](https://holderbook.com/stocks/MAC/) | $3.8M | 150,152 | 0.5% | 6 |
| PTC THERAPEUTICS INC | [PTCT](https://holderbook.com/stocks/PTCT/) | $3.8M | 46,170 | 0.5% | 4 |
| WILEY JOHN & SONS INC | [WLY](https://holderbook.com/stocks/WLY/) | $3.7M | 75,604 | 0.5% | 1 |
| SOTERA HEALTH CO | [SHC](https://holderbook.com/stocks/SHC/) | $3.7M | 205,662 | 0.5% | 9 |
| MERCURY GENL CORP NEW | [MCY](https://holderbook.com/stocks/MCY/) | $3.6M | 33,574 | 0.5% | 1 |
| COMMERCIAL BANCGROUP INC | [CBK](https://holderbook.com/stocks/CBK/) | $3.5M | 108,869 | 0.5% | 3 |
| LADDER CAP CORP | [LADR](https://holderbook.com/stocks/LADR/) | $3.5M | 353,122 | 0.5% | 23 |
| BELDEN INC | [BDC](https://holderbook.com/stocks/BDC/) | $3.5M | 29,285 | 0.5% | 5 |
| UNITED BANKSHARES INC WEST V | [UBSI](https://holderbook.com/stocks/UBSI/) | $3.5M | 76,327 | 0.5% | 1 |
| GRIFFON CORP | [GFF](https://holderbook.com/stocks/GFF/) | $3.5M | 35,518 | 0.5% | 4 |
| BIOCRYST PHARMACEUTICALS INC | [BCRX](https://holderbook.com/stocks/BCRX/) | $3.4M | 340,541 | 0.5% | 3 |
| BROADSTONE NET LEASE INC | [BNL](https://holderbook.com/stocks/BNL/) | $3.4M | 164,163 | 0.5% | 2 |
| INSIGHT ENTERPRISES INC | [NSIT](https://holderbook.com/stocks/NSIT/) | $3.4M | 27,759 | 0.5% | 1 |
| FIRST INTST BANCSYSTEM INC | [FIBK](https://holderbook.com/stocks/FIBK/) | $3.4M | 87,228 | 0.5% | 2 |
| ELANCO ANIMAL HEALTH INC | [ELAN](https://holderbook.com/stocks/ELAN/) | $3.3M | 135,392 | 0.5% | 11 |
| CLEVELAND-CLIFFS INC NEW | [CLF](https://holderbook.com/stocks/CLF/) | $3.3M | 352,206 | 0.5% | 4 |
| UNITED NAT FOODS INC | [UNFI](https://holderbook.com/stocks/UNFI/) | $3.3M | 72,346 | 0.5% | 2 |
| MURPHY OIL CORP | [MUR](https://holderbook.com/stocks/MUR/) | $3.3M | 101,370 | 0.5% | 1 |
| HAEMONETICS CORP MASS | [HAE](https://holderbook.com/stocks/HAE/) | $3.2M | 43,030 | 0.4% | 1 |
| ADVANCE AUTO PARTS INC | [AAP](https://holderbook.com/stocks/AAP/) | $3.2M | 51,698 | 0.4% | 12 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +21.0% | +14.8% | +6.2% | 99% |
| Q1 2026 | +3.1% | -4.6% | +7.7% | 99% |
| Q4 2025 | +2.2% | +2.4% | -0.2% | 98% |
| Q3 2025 | +6.7% | +7.8% | -1.1% | 98% |
| Q2 2025 | +6.1% | +10.5% | -4.4% | 100% |
| Q1 2025 | -6.7% | -4.6% | -2.2% | 98% |
| Q4 2024 | +2.4% | +2.1% | +0.3% | 89% |
| Q3 2024 | +7.7% | +5.4% | +2.3% | 80% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $720.7M | 153 |
| Q1 2026 | $636.9M | 155 |
| Q4 2025 | $768.9M | 148 |
| Q3 2025 | $771.4M | 147 |
| Q2 2025 | $695.3M | 142 |
| Q1 2025 | $652.2M | 145 |
| Q4 2024 | $748.8M | 154 |
| Q3 2024 | $26.2B | 138 |
| Q2 2024 | $25.0B | 134 |
| Q1 2024 | $24.4B | 142 |
| Q4 2023 | $756.7M | 160 |
| Q3 2023 | $687.8M | 175 |