Phocas Financial Corp.
Long book
$636.9M
Q1 2026
Positions
155
Top-10 weight
17%
concentration
Last quarter
+18.9%
SPY +14.8%
Turnover
22%
of book per quarter
Strategy in plain words
auto-generated from filingsPhocas Financial Corp. is a diversified fundamental manager, running a $636.9M US long book across 155 positions.
The portfolio is broadly diversified across 155 positions (top 10 only 17%). Turnover is modest: positions are typically held for years. Current anchor positions: AMNEAL PHARMACEUTICALS INC, PATHWARD FINANCIAL INC, AAR CORP, WINTRUST FINANCIAL CORP, STONEX GROUP INC.
Over the last 9 quarters its long book ran on average 0.3pp per quarter ahead of the S&P 500, beating the index in 4 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+4.5%
Q2 2024
+6.7%
Q3 2024
-0.3%
Q4 2024
-6.1%
Q1 2025
+6.8%
Q2 2025
+7.4%
Q3 2025
+2.3%
Q4 2025
+3.2%
Q1 2026
+18.9%
Sector allocation
Financials 26%
Industrials 16%
Healthcare 10%
Technology 9%
Energy 8%
Other 8%
Utilities 8%
Services media 4%
Long book by quarter
What does Phocas Financial own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AMRX AMNEAL PHARMACEUTICALS INC | Healthcare | 1.0M | $12.5M | 2.0% | -21.8% |
| CASH PATHWARD FINANCIAL INC | Financials | 130.1K | $11.6M | 1.8% | -21.8% |
| AIR AAR CORP | Industrials | 101.5K | $11.1M | 1.7% | -21.7% |
| WTFC WINTRUST FINANCIAL CORP | Financials | 79.1K | $11.0M | 1.7% | -35.9% |
| SNEX STONEX GROUP INC | Financials | 135.9K | $11.0M | 1.7% | -0.2% |
| DCO DUCOMMUN INC | Industrials | 89.7K | $10.9M | 1.7% | -21.9% |
| ABCB AMERIS BANCORP | Financials | 136.7K | $10.7M | 1.7% | -21.8% |
| COLB COLUMBIA BANKING SYSTEM INC | Financials | 372.5K | $10.2M | 1.6% | -21.8% |
| SKYW SKYWEST INC | Industrials | 109.1K | $10.0M | 1.6% | -22.0% |
| WTM WHITE MOUNTAINS INSURANCE GP | Financials | 4.3K | $9.4M | 1.5% | -21.8% |
| PFBC PREFERRED BANK/LOS ANGELES | — | 101.7K | $9.2M | 1.4% | -21.7% |
| NESR NATIONAL ENERGY SERVICES REU | Energy | 414.0K | $8.9M | 1.4% | -22.0% |
| BKH BLACK HILLS CORP | Utilities | 119.8K | $8.3M | 1.3% | -22.2% |
| TCBI TEXAS CAPITAL BANCSHARES INC | Financials | 87.6K | $8.3M | 1.3% | -21.8% |
| FRME FIRST MERCHANTS CORP | Financials | 212.2K | $8.2M | 1.3% | -21.8% |
| FNB FNB CORP | Financials | 489.7K | $8.2M | 1.3% | -21.8% |
| T86 TRI POINTE HOMES INC | — | 165.0K | $7.7M | 1.2% | -21.7% |
| CHRD CHORD ENERGY CORP | Energy | 53.5K | $7.6M | 1.2% | -25.8% |
| SANM SANMINA CORP | Technology | 58.0K | $7.5M | 1.2% | -22.0% |
| R RYDER SYSTEM INC | Services media | 35.1K | $7.2M | 1.1% | -21.8% |
| CRS CARPENTER TECHNOLOGY | Industrials | 18.1K | $7.1M | 1.1% | -22.0% |
| MTRN MATERION CORP | Industrials | 48.6K | $7.0M | 1.1% | -22.0% |
| TKR TIMKEN CO | Industrials | 69.4K | $7.0M | 1.1% | -22.0% |
| PRIM PRIMORIS SERVICES CORP | Industrials | 48.7K | $7.0M | 1.1% | -22.0% |
| OTTR OTTER TAIL CORP | Utilities | 76.5K | $6.7M | 1.1% | -21.7% |
| MTDR MATADOR RESOURCES CO | Energy | 105.6K | $6.7M | 1.0% | New |
| AM ANTERO MIDSTREAM CORP | Utilities | 286.2K | $6.5M | 1.0% | -21.8% |
| NFG NATIONAL FUEL GAS CO | Utilities | 68.9K | $6.5M | 1.0% | -22.2% |
| PTEN PATTERSON-UTI ENERGY INC | Energy | 596.7K | $6.5M | 1.0% | New |
| ONB OLD NATIONAL BANCORP | Financials | 289.4K | $6.4M | 1.0% | -21.8% |
| IDA IDACORP INC | Utilities | 44.2K | $6.3M | 1.0% | -22.0% |
| MGY MAGNOLIA OIL & GAS CORP - A | Energy | 199.4K | $6.3M | 1.0% | -25.1% |
| TDS TELEPHONE AND DATA SYSTEMS | Communications | 149.2K | $6.3M | 1.0% | New |
| ALRS ALERUS FINANCIAL CORP | Financials | 260.9K | $6.2M | 1.0% | -22.0% |
| CVSA COVISTA INC | Services media | 53.6K | $6.2M | 1.0% | -57.5% |
| NGS NATURAL GAS SERVICES GROUP | Energy | 162.5K | $6.1M | 1.0% | +271.9% |
| NPO ENPRO INC | Other | 24.4K | $6.1M | 1.0% | -21.8% |
| TXNM TXNM ENERGY INC | Utilities | 103.3K | $6.0M | 0.9% | -19.8% |
| SAH SONIC AUTOMOTIVE INC-CLASS A | Consumer discretionary | 87.7K | $6.0M | 0.9% | -21.9% |
| AUB ATLANTIC UNION BANKSHARES CO | Financials | 165.4K | $5.9M | 0.9% | +56.2% |
| TEX TEREX CORP | Industrials | 99.7K | $5.9M | 0.9% | New |
| MKSI MKS INC | Technology | 25.5K | $5.9M | 0.9% | -65.2% |
| URBN URBAN OUTFITTERS INC | Consumer discretionary | 91.2K | $5.8M | 0.9% | +40.1% |
| FFIN FIRST FINL BANKSHARES INC | Financials | 195.6K | $5.8M | 0.9% | +66.2% |
| KTB KONTOOR BRANDS INC | Other | 81.6K | $5.7M | 0.9% | -21.9% |
| ABBV ABBVIE INC | Healthcare | 26.2K | $5.7M | 0.9% | Held |
| EFSC ENTERPRISE FINANCIAL SERVICE | Financials | 104.4K | $5.6M | 0.9% | -21.8% |
| OPCH OPTION CARE HEALTH INC | Healthcare | 209.0K | $5.6M | 0.9% | +59.9% |
| MD PEDIATRIX MEDICAL GROUP INC | Healthcare | 261.8K | $5.6M | 0.9% | -22.0% |
| AVNT AVIENT CORP | Materials | 153.7K | $5.6M | 0.9% | +185.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 1, 2026 | 155 | $636.9M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR/ARESTATEMENT | Jan 26, 2026 | 148 | $768.9M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 21, 2026 | 144 | $752.1M | SEC ↗ | |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 147 | $771.4M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 6, 2025 | 142 | $695.3M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 9, 2025 | 145 | $652.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR/ARESTATEMENT | Mar 5, 2025 | 154 | $748.8M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 5, 2025 | 141 | $134.4M | SEC ↗ | |
| Q3 2024 | 13F-HR | Nov 7, 2024 | 138 | $26.2M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 24, 2024 | 134 | $25.0M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR/ARESTATEMENT | May 1, 2024 | 142 | $24.4M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 18, 2024 | 151 | $24.4M | SEC ↗ |
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