Latest Phocas Financial Corp. Stock Portfolio

Phocas Financial Corp. Performance:

2025 Q4: 1.85%YTD: 8.26%2024: -26.78%

Performance for 2025 Q4 is 1.85%, and YTD is 8.26%, and 2024 is -26.78%.

About Phocas Financial Corp. and 13F Hedge Fund Stock Holdings

Phocas Financial Corp. is a hedge fund based in ALAMEDA, CA. On 28-Mar-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $787.2 Millions. In it's latest 13F Holdings report, Phocas Financial Corp. reported an equity portfolio of $768.9 Millions as of 31 Dec, 2025.

The top stock holdings of Phocas Financial Corp. are WTFC, AMRX, NXST. The fund has invested 2.2% of it's portfolio in WINTRUST FINL CORP and 2.1% of portfolio in AMNEAL PHARMACEUTICALS INC.

The fund managers got completely rid off FIRST HORIZON CORPORATION (FHN), COMERICA INC (CMA) and KEMPER CORP (KMPR) stocks. They significantly reduced their stock positions in PRIMORIS SVCS CORP (PRIM), TREEHOUSE FOODS INC (THS) and ARCUTIS BIOTHERAPEUTICS INC (ARQT). Phocas Financial Corp. opened new stock positions in NATIONAL ENERGY SERVICES REU (NESR), IDACORP INC (IDA) and NATIONAL FUEL GAS CO (NFG). The fund showed a lot of confidence in some stocks as they added substantially to ALERUS FINL CORP (ALRS), TIMKEN CO (TKR) and RALLIANT CORP.

Phocas Financial Corp. Annual Return Estimates Vs S&P 500

Our best estimate is that Phocas Financial Corp. made a return of 1.85% in the last quarter. In trailing 12 months, it's portfolio return was 8.26%.

Performance
S&P 500

New Buys

Ticker	$ Bought
national energy services reu	8,311,400
idacorp inc	7,171,140
national fuel gas co	7,086,190
option care health inc	4,163,050
mdu res group inc	4,102,130
supernus pharmaceuticals inc	4,041,600
coastal finl corp wa	3,947,970
bel fuse inc	3,916,930

New stocks bought by Phocas Financial Corp.

Additions

Ticker	% Inc.
alerus finl corp	102
timken co	81.21
ralliant corp	81.19
g iii apparel group ltd	77.22
terreno rlty corp	53.8
cleveland-cliffs inc new	47.02
quidelortho corp	45.73
pediatrix medical group inc	44.5

Additions to existing portfolio by Phocas Financial Corp.

Reductions

Ticker	% Reduced
primoris svcs corp	-55.23
treehouse foods inc	-49.05
arcutis biotherapeutics inc	-39.33
ttm technologies inc	-35.14
kyndryl hldgs inc	-33.64
ptc therapeutics inc	-31.56
sanmina corporation	-30.23
range res corp	-22.84

Phocas Financial Corp. reduced stake in above stock

Sold off

Ticker	$ Sold
first horizon corporation	-11,533,300
enhabit inc	-2,633,450
avantor inc	-3,501,210
elme communities	-3,237,840
kemper corp	-8,316,050
northern oil & gas inc	-3,649,050
synovus finl corp	-7,211,670
veritex hldgs inc	-4,670,530

Phocas Financial Corp. got rid off the above stocks

Sector Distribution

Phocas Financial Corp. has about 22.8% of it's holdings in Financial Services sector.

Sector	%
Financial Services	22.8
Industrials	14.9
Healthcare	10.8
Real Estate	9.4
Others	8.3
Technology	7.7
Consumer Cyclical	6
Utilities	5.3
Energy	4.9
Basic Materials	4.1
Consumer Defensive	3.4
Communication Services	2.5

Market Cap. Distribution

Phocas Financial Corp. has about 4.5% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MID-CAP	66.7
SMALL-CAP	19.4
UNALLOCATED	8.3
MEGA-CAP	4.5

Stocks belong to which Index?

About 70.5% of the stocks held by Phocas Financial Corp. either belong to S&P 500 or RUSSELL 2000 index.

Index	%
RUSSELL 2000	67.3
Others	29.5
S&P 500	3.2

Top 5 Winners (%)		%
HL	hecla mng co	58.5 %
ARQT	arcutis biotherapeutics inc	43.4 %
MKSI	mks inc.	29.1 %
GOOG	alphabet inc	28.8 %
GOOG	alphabet inc	28.8 %

Top 5 Winners ($)		$
HL	hecla mng co	4.4 M
AMRX	amneal pharmaceuticals inc	3.3 M
SANM	sanmina corporation	3.2 M
MKSI	mks inc.	2.6 M
TTMI	ttm technologies inc	2.4 M

Top 5 Losers (%)		%
AAP	advance auto parts inc	-36.0 %
ATGE	adtalem global ed inc	-33.0 %
	penguin solutions inc	-25.5 %
KTB	kontoor brands inc	-23.4 %
SLG	sl green rlty corp	-23.3 %

Top 5 Losers ($)		$
ATGE	adtalem global ed inc	-6.4 M
	penguin solutions inc	-2.0 M
KTB	kontoor brands inc	-2.0 M
SAH	sonic automotive inc	-1.6 M
AAP	advance auto parts inc	-1.5 M

Phocas Financial Corp. Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Phocas Financial Corp.

Phocas Financial Corp. has 148 stocks in it's portfolio. About 18.1% of the portfolio is in top 10 stocks. ATGE proved to be the most loss making stock for the portfolio. HL was the most profitable stock for Phocas Financial Corp. last quarter.

Last Reported on: 26 Jan, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAP	advance auto parts inc	0.36	69,692	2,738,900	reduced	-0.22

AAPL	apple inc	0.32	9,008	2,448,920	reduced	-1.01

ABBV	abbvie inc	0.78	26,239	5,995,350	unchanged	0.00

ABCB	ameris bancorp	1.69	174,733	12,977,400	reduced	-0.24

ACAD	acadia pharmaceuticals inc	0.36	104,072	2,779,760	reduced	-0.26

ADC	agree rlty corp	0.94	100,932	7,270,130	reduced	-0.24

ADT	adt inc del	0.85	813,131	6,561,970	reduced	-0.24

AGIO	agios pharmaceuticals inc	0.00	0.00	0.00	sold off	-100

AIR	aar corp	1.40	129,689	10,737,000	reduced	-0.25

AJG	gallagher arthur j & co	0.08	2,300	595,217	unchanged	0.00

ALE	allete inc	0.00	0.00	0.00	sold off	-100

ALRS	alerus finl corp	0.98	334,357	7,529,720	added	102

AM	antero midstream corp	0.85	365,743	6,506,570	reduced	-0.25

AMRX	amneal pharmaceuticals inc	2.10	1,282,970	16,165,500	reduced	-0.22

AMT	american tower corp new	0.04	1,535	269,500	reduced	-6.17

AMZN	amazon com inc	0.07	2,450	565,509	unchanged	0.00

ANGO	angiodynamics inc	1.01	606,273	7,784,540	reduced	-0.26

APAM	artisan partners asset mgmt	0.62	116,636	4,751,750	reduced	-0.23

ARQT	arcutis biotherapeutics inc	0.24	64,499	1,873,050	reduced	-39.33

ATGE	adtalem global ed inc	1.70	126,132	13,050,900	reduced	-0.25