Phocas Financial Corp.

ALAMEDA, CA · CIK 1356783 · 13F filing filed 2026-07-31

SEC-registered investment adviser since 2005 · corporation

Assets managed$682.7m
Staff10 · 5 in investment roles
Main clients (by assets)State and local governments 90%, Individuals 8%, Charities 1%
Websitephocasfinancial.com
Form ADV · 2026-05-12SEC adviser record

Kindinstitutions
Others nearbyAlameda, CA

$720.7m reported value +13.2% vs Q1 2026

153positions

17.9%in top 10

15 new 11 added 103 reduced 17 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	DUCOMMUN INC DEL COM DCO	DCO	85,367	$15.8m2.19%	2.19%	Reduced -4.4k	-4,375 -4.9%
2	AMNEAL PHARMACEUTICALS INC COM STK CL A AMRX	AMRX	819,476	$14.2m1.97%	1.97%	Reduced -183.2k	-183,188 -18.3%
3	AAR CORP COM AIR	AIR	96,446	$13.8m1.91%	1.91%	Reduced -5.1k	-5,065 -5.0%
4	MATERION CORP COM MTRN	MTRN	46,207	$13.7m1.91%	1.91%	Reduced -2.4k	-2,406 -5.0%
5	STONEX GROUP INC COM SNEX	SNEX	103,699	$12.3m1.71%	1.71%	Reduced -32.2k	-32,250 -23.7%
6	RALLIANT CORP COM RAL	RAL	163,960	$12.1m1.68%	1.68%	Added +41.4k	+41,428 33.8%
7	WINTRUST FINL CORP COM WTFC	WTFC	74,921	$12.0m1.67%	1.67%	Reduced -4.1k	-4,137 -5.2%
8	NATIONAL ENERGY SERVICES REU SHS NESR	NESR	393,666	$11.8m1.63%	1.63%	Reduced -20.3k	-20,337 -4.9%
9	AMERIS BANCORP COM ABCB	ABCB	129,952	$11.7m1.63%	1.63%	Reduced -6.8k	-6,775 -5.0%
10	COLUMBIA BKG SYS INC COM COLB	COLB	353,629	$11.3m1.57%	1.57%	Reduced -18.8k	-18,834 -5.1%
11	ALERUS FINL CORP COM ALRS	ALRS	354,155	$11.0m1.53%	1.53%	Added +93.3k	+93,259 35.8%
12	PATHWARD FINANCIAL INC COM CASH	CASH	123,662	$10.8m1.49%	1.49%	Reduced -6.5k	-6,463 -5.0%
13	CARPENTER TECHNOLOGY CORP COM CRS	CRS	17,154	$10.6m1.47%	1.47%	Reduced -905	-905 -5.0%
14	SKYWEST INC COM SKYW	SKYW	103,670	$10.3m1.43%	1.43%	Reduced -5.5k	-5,465 -5.0%
15	PREFERRED BK LOS ANGELES CA COM NEW PFBC	PFBC	96,557	$10.3m1.42%	1.42%	Reduced -5.1k	-5,100 -5.0%
16	TIMKEN CO COM TKR	TKR	65,888	$9.6m1.33%	1.33%	Reduced -3.5k	-3,467 -5.0%
17	ATLANTIC UN BANKSHARES CORP COM AUB	AUB	211,179	$8.9m1.24%	1.24%	Added +45.7k	+45,734 27.6%
18	F N B CORP COM FNB	FNB	465,226	$8.9m1.23%	1.23%	Reduced -24.5k	-24,458 -5.0%
19	FIRST MERCHANTS CORP COM FRME	FRME	201,603	$8.8m1.22%	1.22%	Reduced -10.6k	-10,617 -5.0%
20	RYDER SYS INC COM R	R	33,371	$8.8m1.22%	1.22%	Reduced -1.8k	-1,750 -5.0%
21	ENPRO INC COM NPO	NPO	23,219	$8.8m1.21%	1.21%	Reduced -1.2k	-1,218 -5.0%
22	TERRENO RLTY CORP COM TRNO	TRNO	133,780	$8.7m1.20%	1.20%	Reduced -7.0k	-7,018 -5.0%
23	TEXAS CAP BANCSHARES INC COM TCBI	TCBI	83,289	$8.6m1.19%	1.19%	Reduced -4.4k	-4,356 -5.0%
24	BLACK HILLS CORP COM BKH	BKH	113,884	$8.5m1.18%	1.18%	Reduced -6.0k	-5,951 -5.0%
25	WHITE MTNS INS GROUP LTD COM WTM	WTM	4,078	$8.5m1.17%	1.17%	Reduced -214	-214 -5.0%
26	RYMAN HOSPITALITY PPTYS INC COM RHP	RHP	64,311	$8.3m1.15%	1.15%	Reduced -3.4k	-3,434 -5.1%
27	PENGUIN SOLUTIONS INC COM PENG	PENG	101,015	$7.7m1.07%	1.07%	Reduced -129.8k	-129,754 -56.2%
28	MKS INC. COM MKSI	MKSI	16,990	$7.6m1.05%	1.05%	Reduced -8.5k	-8,530 -33.4%
29	BENCHMARK ELECTRS INC COM BHE	BHE	74,395	$7.3m1.02%	1.02%	Added +18.3k	+18,287 32.6%
30	SL GREEN RLTY CORP COM SLG	SLG	139,040	$7.2m1.00%	1.00%	Reduced -7.3k	-7,278 -5.0%
31	OLD NATL BANCORP IND COM ONB	ONB	274,955	$7.1m0.99%	0.99%	Reduced -14.4k	-14,399 -5.0%
32	SONIC AUTOMOTIVE INC CL A SAH	SAH	83,342	$7.1m0.98%	0.98%	Reduced -4.4k	-4,376 -5.0%
33	SANMINA CORPORATION COM SANM	SANM	27,754	$7.0m0.97%	0.97%	Reduced -30.2k	-30,205 -52.1%
34	FLAGSTAR FINANCIAL INC COM NEW FLG	FLG	469,335	$7.0m0.97%	0.97%	Added +233.3k	+233,253 98.8%
35	VISHAY INTERTECHNOLOGY INC COM VSH	VSH	127,996	$6.9m0.96%	0.96%	Reduced -45.5k	-45,541 -26.2%
36	TEREX CORP NEW COM TEX	TEX	94,675	$6.9m0.95%	0.95%	Reduced -5.0k	-4,979 -5.0%
37	MDU RES GROUP INC COM MDU	MDU	322,253	$6.8m0.95%	0.95%	Added +158.3k	+158,317 96.6%
38	HERC HLDGS INC COM HRI	HRI	47,577	$6.8m0.95%	0.95%	Added +8.7k	+8,701 22.4%
39	NATURAL GAS SVCS GROUP INC COM NGS	NGS	154,426	$6.7m0.92%	0.92%	Reduced -8.0k	-8,039 -5.0%
40	ABBVIE INC COM ABBV	ABBV	26,200	$6.6m0.91%	0.91%	Reduced -39	-39 -0.1%
41	OTTER TAIL CORP COM OTTR	OTTR	72,681	$6.5m0.91%	0.91%	Reduced -3.8k	-3,802 -5.0%
42	ENTERPRISE FINL SVCS CORP COM EFSC	EFSC	99,188	$6.5m0.91%	0.91%	Reduced -5.2k	-5,174 -5.0%
43	KONTOOR BRANDS INC COM KTB	KTB	77,376	$6.4m0.89%	0.89%	Reduced -4.2k	-4,180 -5.1%
44	FIRST FINL BANKSHARES INC COM FFIN	FFIN	185,800	$6.4m0.89%	0.89%	Reduced -9.8k	-9,762 -5.0%
45	IDACORP INC COM IDA	IDA	42,000	$6.4m0.88%	0.88%	Reduced -2.2k	-2,202 -5.0%
46	ADTALEM GLOBAL ED INC COM CVSA	CVSA	50,902	$6.3m0.88%	0.88%	Reduced -2.7k	-2,733 -5.1%
47	PEDIATRIX MEDICAL GROUP INC COM MD	MD	248,762	$6.3m0.87%	0.87%	Reduced -13.0k	-13,018 -5.0%
48	ANTERO MIDSTREAM CORP COM AM	AM	272,106	$6.2m0.86%	0.86%	Reduced -14.1k	-14,085 -4.9%
49	URBAN OUTFITTERS INC COM URBN	URBN	86,532	$6.1m0.85%	0.85%	Reduced -4.7k	-4,677 -5.1%
50	G III APPAREL GROUP LTD COM GIII	GIII	181,453	$6.1m0.85%	0.85%	Reduced -9.6k	-9,605 -5.0%
51	VISTEON CORP COM NEW VC	VC	60,446	$6.0m0.83%	0.83%	Added +27.8k	+27,755 84.9%
52	KITE RLTY GROUP TR COM NEW KRG	KRG	204,464	$5.8m0.81%	0.81%	Reduced -10.7k	-10,668 -5.0%
53	CHORD ENERGY CORPORATION COM NEW CHRD	CHRD	50,290	$5.7m0.80%	0.80%	Reduced -3.2k	-3,241 -6.0%
54	BANNER CORP COM NEW BANR	BANR	84,286	$5.6m0.78%	0.78%	Reduced -4.4k	-4,424 -5.0%
55	BGC GROUP INC CL A BGC	BGC	522,276	$5.6m0.77%	0.77%	Reduced -27.0k	-27,044 -4.9%
56	TXNM ENERGY INC COM TXNM	TXNM	97,364	$5.5m0.77%	0.77%	Reduced -5.9k	-5,905 -5.7%
57	KNOWLES CORP COM KN	KN	130,941	$5.4m0.75%	0.75%	Reduced -6.8k	-6,811 -4.9%
58	COMMUNITY HEALTHCARE TR INC COM CHCT	CHCT	296,939	$5.4m0.75%	0.75%	Reduced -15.6k	-15,558 -5.0%
59	AVIENT CORPORATION COM AVNT	AVNT	145,980	$5.4m0.75%	0.75%	Reduced -7.7k	-7,707 -5.0%
60	TELEPHONE & DATA SYS INC COM NEW TDS	TDS	141,651	$5.2m0.73%	0.73%	Reduced -7.6k	-7,574 -5.1%
61	CENTERSPACE COM CSR	CSR	92,494	$5.2m0.72%	0.72%	Reduced -5.0k	-4,960 -5.1%
62	NATIONAL FUEL GAS CO COM NFG	NFG	65,417	$5.1m0.70%	0.70%	Reduced -3.4k	-3,440 -5.0%
63	MATADOR RES CO COM MTDR	MTDR	100,080	$5.0m0.69%	0.69%	Reduced -5.5k	-5,538 -5.2%
64	BEL FUSE INC CL B BELFB	BELFB	14,521	$4.8m0.67%	0.67%	Reduced -756	-756 -5.0%
65	ELEMENT SOLUTIONS INC COM ESI	ESI	101,032	$4.8m0.67%	0.67%	Reduced -5.3k	-5,254 -4.9%
66	ADT INC DEL COM ADT	ADT	738,914	$4.8m0.67%	0.67%	Reduced -39.3k	-39,330 -5.0%
67	MAGNOLIA OIL & GAS CORP CL A MGY	MGY	187,730	$4.8m0.67%	0.67%	Reduced -11.7k	-11,667 -5.8%
68	NEXSTAR MEDIA GROUP INC COMMON STOCK NXST	NXST	26,658	$4.8m0.66%	0.66%	Reduced -1.7k	-1,700 -6.0%
69	LITTELFUSE INC COM LFUS	LFUS	10,225	$4.7m0.65%	0.65%	Reduced -532	-532 -5.0%
70	UMB FINL CORP COM UMBF	UMBF	32,273	$4.6m0.64%	0.64%	Reduced -1.7k	-1,679 -5.0%
71	INDEPENDENCE RLTY TR INC COM IRT	IRT	268,847	$4.5m0.62%	0.62%	Reduced -14.2k	-14,163 -5.0%
72	LSI INDS INC OHIO COM LYTS	LYTS	163,716	$4.4m0.60%	0.60%	Reduced -8.5k	-8,474 -4.9%
73	ZEVRA THERAPEUTICS INC COM NEW ZVRA	ZVRA	295,907	$4.2m0.59%	0.59%	Added +136.5k	+136,484 85.6%
74	HECLA MNG CO COM HL	HL	271,410	$4.2m0.58%	0.58%	Reduced -14.2k	-14,199 -5.0%
75	CONCENTRA GROUP HOLDINGS PAR COMMON STOCK CON	CON	140,334	$4.2m0.58%	0.58%	Reduced -8.4k	-8,430 -5.7%
76	OPTION CARE HEALTH INC COM NEW OPCH	OPCH	198,032	$4.2m0.58%	0.58%	Reduced -10.9k	-10,942 -5.2%
77	TOPGOLF CALLAWAY BRANDS CORP COM CALY	CALY	218,836	$4.1m0.57%	0.57%	Reduced -11.7k	-11,654 -5.1%
78	CAL MAINE FOODS INC COM NEW CALM	CALM	47,775	$3.8m0.53%	0.53%	Reduced -2.6k	-2,564 -5.1%
79	ANGIODYNAMICS INC COM ANGO	ANGO	292,510	$3.8m0.53%	0.53%	Reduced -15.6k	-15,636 -5.1%
80	GREEN BRICK PARTNERS INC COM GRBK	GRBK	47,335	$3.8m0.53%	0.53%	New
81	MACERICH CO COM MAC	MAC	150,152	$3.8m0.52%	0.52%	Reduced -7.8k	-7,809 -4.9%
82	PTC THERAPEUTICS INC COM PTCT	PTCT	46,170	$3.8m0.52%	0.52%	Added +26.3k	+26,295 132.3%
83	WILEY JOHN & SONS INC CL A WLY	WLY	75,604	$3.7m0.51%	0.51%	New
84	SOTERA HEALTH CO COM SHC	SHC	205,662	$3.7m0.51%	0.51%	Reduced -11.0k	-10,973 -5.1%
85	MERCURY GENL CORP NEW COM MCY	MCY	33,574	$3.6m0.50%	0.50%	New
86	COMMERCIAL BANCGROUP INC COM CBK	CBK	108,869	$3.5m0.49%	0.49%	Reduced -5.7k	-5,726 -5.0%
87	LADDER CAP CORP CL A LADR	LADR	353,122	$3.5m0.49%	0.49%	Reduced -18.6k	-18,588 -5.0%
88	BELDEN INC COM BDC	BDC	29,285	$3.5m0.49%	0.49%	Reduced -14.6k	-14,614 -33.3%
89	UNITED BANKSHARES INC WEST V COM UBSI	UBSI	76,327	$3.5m0.49%	0.49%	New
90	GRIFFON CORP COM GFF	GFF	35,518	$3.5m0.48%	0.48%	Reduced -1.9k	-1,863 -5.0%
91	BIOCRYST PHARMACEUTICALS INC COM BCRX	BCRX	340,541	$3.4m0.47%	0.47%	Added +145.0k	+145,001 74.2%
92	BROADSTONE NET LEASE INC COM BNL	BNL	164,163	$3.4m0.47%	0.47%	Reduced -8.5k	-8,539 -4.9%
93	INSIGHT ENTERPRISES INC COM NSIT	NSIT	27,759	$3.4m0.47%	0.47%	New
94	FIRST INTST BANCSYSTEM INC COM FIBK	FIBK	87,228	$3.4m0.47%	0.47%	Reduced -4.7k	-4,666 -5.1%
95	ELANCO ANIMAL HEALTH INC COM ELAN	ELAN	135,392	$3.3m0.46%	0.46%	Reduced -7.1k	-7,129 -5.0%
96	CLEVELAND-CLIFFS INC NEW COM CLF	CLF	352,206	$3.3m0.46%	0.46%	Reduced -18.2k	-18,215 -4.9%
97	UNITED NAT FOODS INC COM UNFI	UNFI	72,346	$3.3m0.46%	0.46%	Reduced -4.2k	-4,186 -5.5%
98	MURPHY OIL CORP COM MUR	MUR	101,370	$3.3m0.46%	0.46%	New
99	HAEMONETICS CORP MASS COM HAE	HAE	43,030	$3.2m0.45%	0.45%	New
100	ADVANCE AUTO PARTS INC COM AAP	AAP	51,698	$3.2m0.45%	0.45%	Reduced -2.7k	-2,734 -5.0%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
TRI POINTE HOMES INC TPH	TPH	164,999	$7.7m165.0k shares
PRIMORIS SVCS CORP PRIM	PRIM	48,704	$7.0m48.7k shares
PATTERSON-UTI ENERGY INC PTEN	PTEN	596,671	$6.5m596.7k shares
VIAVI SOLUTIONS INC VIAV	VIAV	165,059	$5.5m165.1k shares
PHOTRONICS INC PLAB	PLAB	90,213	$3.6m90.2k shares
ARTISAN PARTNERS ASSET MGMT APAM	APAM	91,229	$3.3m91.2k shares
CRESCENT ENERGY COMPANY CRGY	CRGY	231,253	$3.1m231.3k shares
CHESAPEAKE UTILS CORP CPK	CPK	20,721	$2.6m20.7k shares
PACIRA BIOSCIENCES INC PCRX	PCRX	114,413	$2.6m114.4k shares
BOOT BARN HLDGS INC BOOT	BOOT	16,331	$2.4m16.3k shares
QUIDELORTHO CORP QDEL	QDEL	132,882	$2.2m132.9k shares
CALIFORNIA RES CORP CRC	CRC	24,517	$1.7m24.5k shares
GOOSEHEAD INS INC GSHD	GSHD	38,860	$1.7m38.9k shares
ISHARES TR IWN	IWN	7,652	$1.5m7.7k shares
ADMA BIOLOGICS INC ADMA	ADMA	97,942	$882.5k97.9k shares
FEDERAL RLTY INVT TR NEW FRT	FRT	2,313	$245.7k2.3k shares
CHEVRON CORP NEW CVX	CVX	1,100	$227.6k1.1k shares