Phocas 13F annual report
Phocas is an investment fund managing more than $785 million ran by Frances Chiu. There are currently 171 companies in Mrs. Chiu’s portfolio. The largest investments include Atkore Inc and Meta Finl Group Inc, together worth $27.6 million.
$785 million Assets Under Management (AUM)
As of 8th February 2022, Phocas’s top holding is 127,295 shares of Atkore Inc currently worth over $14.2 million and making up 1.8% of the portfolio value.
Relative to the number of outstanding shares of Atkore Inc, Phocas owns more than approximately 0.1% of the company.
In addition, the fund holds 225,825 shares of Meta Finl Group Inc worth $13.5 million.
The third-largest holding is Bancorp worth $12.9 million and the next is Sterling Constr Inc worth $12 million, with 456,559 shares owned.
Currently, Phocas's portfolio is worth at least $785 million. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Phocas
The Phocas office and employees reside in Alameda, California. According to the last 13-F report filed with the SEC, Frances Chiu serves as the Chief Compliance Officer at Phocas.
Recent trades
In the most recent 13F filing, Phocas revealed that it had opened a new position in
Customers Bancorp Inc and bought 114,589 shares worth $7.49 million.
This means they effectively own approximately 0.1% of the company.
Customers Bancorp Inc makes up
8.9%
of the fund's Finance sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Sterling Constr Inc by buying
3,502 additional shares.
This makes their stake in Sterling Constr Inc total 456,559 shares worth $12 million.
On the other hand, there are companies that Phocas is getting rid of from its portfolio.
Phocas closed its position in Wesco International on 15th February 2022.
It sold the previously owned 118,170 shares for $12.9 million.
Frances Chiu also disclosed a decreased stake in Atkore Inc by approximately 0.1%.
This leaves the value of the investment at $14.2 million and 127,295 shares.
One of the average hedge funds
The two most similar investment funds to Phocas are Ia Venture Partners and Wildcat Capital Management. They manage $785 million and $785 million respectively.
Frances Chiu investment strategy
Phocas’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Industrials — making up 10.7% of
the total portfolio value.
The fund focuses on investments in the United States as
48.5% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
16% of the total holdings value.
On the other hand, small-cap stocks make up only 1.8% of the portfolio.
The average market cap of the portfolio companies is close to $135 billion.
The complete list of Phocas trades based on 13F SEC filings
These positions were updated on February 15th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Atkore Inc |
2.34%
127,295
|
$14,154,000 | 1.80% |
| Meta Finl Group Inc |
2.36%
225,825
|
$13,473,000 | 1.72% |
| Wesco International, Inc. |
Closed
118,170
|
$12,891,000 | |
| Bancorp Inc. (The) |
2.31%
507,903
|
$12,855,000 | 1.64% |
| Sterling Constr Inc |
0.77%
456,559
|
$12,008,000 | 1.53% |
| Global Med Reit Inc |
0.84%
670,533
|
$11,902,000 | 1.52% |
| Armada Hoffler Pptys Inc |
1.45%
765,282
|
$11,648,000 | 1.48% |
| Independence Rlty Tr Inc |
1.06%
448,891
|
$11,595,000 | 1.48% |
| Triumph Bancorp Inc |
0.72%
94,232
|
$11,221,000 | 1.43% |
| Materion Corp |
26.13%
118,212
|
$10,868,000 | 1.38% |
| Nexstar Media Group Inc |
2.33%
71,769
|
$10,836,000 | 1.38% |
| Retail Opportunity Invts Cor |
1.53%
540,641
|
$10,597,000 | 1.35% |
| Avient Corporation |
2.32%
189,366
|
$10,595,000 | 1.35% |
| Preferred Bk Los Angeles Ca |
2.33%
147,278
|
$10,573,000 | 1.35% |
| Enpro Inds Inc |
27.35%
93,411
|
$10,282,000 | 1.31% |
| Kforce Inc. |
2.28%
135,735
|
$10,210,000 | 1.30% |
| Ryman Hospitality Pptys Inc |
53.05%
107,757
|
$9,909,000 | 1.26% |
| Ryder Sys Inc |
42.34%
119,572
|
$9,856,000 | 1.26% |
| Great Western Bancorp Inc |
Closed
299,705
|
$9,812,000 | |
| First Merchants Corp. |
46.68%
229,609
|
$9,618,000 | 1.22% |
| Schwab Strategic Tr |
2.13%
221,180
|
$17,204,000 | 2.19% |
| Tri Pointe Homes Inc. |
45.45%
337,104
|
$9,402,000 | 1.20% |
| Magnolia Oil Gas Corp |
28.70%
474,519
|
$8,954,000 | 1.14% |
| Pebblebrook Hotel Tr |
26.38%
398,966
|
$8,925,000 | 1.14% |
| Championx Corporation |
21.40%
438,713
|
$8,866,000 | 1.13% |
| American Fin Tr Inc |
2.28%
948,735
|
$8,662,000 | 1.10% |
| Heartland Finl Usa Inc |
71.90%
169,928
|
$8,600,000 | 1.10% |
| Umpqua Hldgs Corp |
Closed
424,575
|
$8,598,000 | |
| Independent Bank Group Inc |
2.31%
118,347
|
$8,539,000 | 1.09% |
| Enterprise Finl Svcs Corp |
2.38%
178,773
|
$8,418,000 | 1.07% |
| Hilton Grand Vacations Inc |
2.30%
161,013
|
$8,390,000 | 1.07% |
| Hostess Brands, Inc. |
2.30%
408,238
|
$8,336,000 | 1.06% |
| Range Res Corp |
18.75%
466,901
|
$8,325,000 | 1.06% |
| Fuller H B Co |
2.28%
102,706
|
$8,319,000 | 1.06% |
| Edgewell Pers Care Co |
2.30%
181,395
|
$8,292,000 | 1.06% |
| Coherus Biosciences Inc |
1.88%
514,438
|
$8,210,000 | 1.05% |
| Otter Tail Corporation |
2.30%
110,805
|
$7,914,000 | 1.01% |
| Onto Innovation Inc. |
2.25%
76,536
|
$7,748,000 | 0.99% |
| Varex Imaging Corp |
Closed
274,675
|
$7,746,000 | |
| Atlantic Un Bankshares Corp |
2.37%
204,453
|
$7,624,000 | 0.97% |
| Hudson Pac Pptys Inc |
1.86%
307,857
|
$7,607,000 | 0.97% |
| Customers Bancorp Inc |
Opened
114,589
|
$7,491,000 | 0.95% |
| MYR Group Inc |
43.88%
66,117
|
$7,309,000 | 0.93% |
| Banc of California Inc |
2.27%
366,420
|
$7,189,000 | 0.92% |
| Sabra Health Care Reit Inc |
18.45%
528,198
|
$7,152,000 | 0.91% |
| Scholastic Corp. |
2.29%
176,877
|
$7,068,000 | 0.90% |
| PDC Energy Inc |
3.15%
143,782
|
$7,014,000 | 0.89% |
| Asbury Automotive Group Inc |
2.28%
40,518
|
$6,999,000 | 0.89% |
| Spectrum Brands Hldgs Inc Ne |
2.32%
68,778
|
$6,996,000 | 0.89% |
| Integer Hldgs Corp |
11.86%
81,325
|
$6,961,000 | 0.89% |
| Select Med Hldgs Corp |
13.76%
234,059
|
$6,881,000 | 0.88% |
| 0 |
2.26%
328,633
|
$6,760,000 | 0.86% |
| Verint Sys Inc |
Closed
150,427
|
$6,738,000 | |
| Dime Cmnty Bancshares Inc |
99.40%
191,548
|
$6,735,000 | 0.86% |
| Dana Inc |
2.35%
295,033
|
$6,733,000 | 0.86% |
| White Mtns Ins Group Ltd |
Opened
6,593
|
$6,685,000 | 0.85% |
| Northern Oil And Gas Inc Mn |
2.26%
320,422
|
$6,594,000 | 0.84% |
| Ladder Cap Corp |
2.31%
538,180
|
$6,453,000 | 0.82% |
| Ameris Bancorp |
35.00%
129,285
|
$6,423,000 | 0.82% |
| OneMain Holdings Inc |
1.39%
125,340
|
$6,272,000 | 0.80% |
| Orthofix Med Inc |
Closed
163,134
|
$6,219,000 | |
| Vishay Intertechnology, Inc. |
Closed
303,576
|
$6,099,000 | |
| First Tr Exch Traded Fd Iii |
0.78%
289,338
|
$5,902,000 | 0.75% |
| AAR Corp. |
2.29%
147,769
|
$5,767,000 | 0.73% |
| Black Hills Corporation |
2.35%
80,705
|
$5,695,000 | 0.73% |
| Apple Inc |
1.46%
32,056
|
$5,692,000 | 0.72% |
| Cornerstone Bldg Brands Inc |
2.26%
325,083
|
$5,669,000 | 0.72% |
| Air Transport Services Grp I |
2.37%
192,540
|
$5,657,000 | 0.72% |
| South Jersey Inds Inc |
2.35%
216,517
|
$5,655,000 | 0.72% |
| Tivity Health Inc |
63.14%
213,540
|
$5,646,000 | 0.72% |
| Prologis Inc |
6.01%
31,969
|
$5,382,000 | 0.69% |
| Cohu, Inc. |
42.97%
139,940
|
$5,330,000 | 0.68% |
| Plexus Corp. |
2.33%
55,062
|
$5,280,000 | 0.67% |
| Owens Minor Inc New |
40.80%
119,197
|
$5,185,000 | 0.66% |
| Kadant, Inc. |
2.25%
22,359
|
$5,153,000 | 0.66% |
| AdvanSix Inc |
2.29%
108,217
|
$5,113,000 | 0.65% |
| Aarons Company Inc (The) |
2.30%
205,537
|
$5,066,000 | 0.65% |
| Banner Corp. |
Opened
80,844
|
$4,905,000 | 0.62% |
| Primoris Svcs Corp |
Opened
202,188
|
$4,848,000 | 0.62% |
| BrightView Holdings Inc |
2.33%
343,617
|
$4,838,000 | 0.62% |
| APi Group Corporation |
33.49%
186,620
|
$4,809,000 | 0.61% |
| Arconic Corporation |
2.46%
145,419
|
$4,800,000 | 0.61% |
| Abbvie Inc |
No change
35,441
|
$4,799,000 | 0.61% |
| American Eagle Outfitters In |
90.39%
188,382
|
$4,770,000 | 0.61% |
| Deluxe Corp. |
2.26%
147,944
|
$4,750,000 | 0.60% |
| REV Group Inc |
2.28%
321,097
|
$4,544,000 | 0.58% |
| PROG Holdings, Inc. |
2.28%
99,019
|
$4,467,000 | 0.57% |
| La-Z-Boy Inc. |
2.34%
122,341
|
$4,442,000 | 0.57% |
| Microsoft Corporation |
0.86%
12,724
|
$4,279,000 | 0.54% |
| Innovative Indl Pptys Inc |
58.63%
15,272
|
$4,015,000 | 0.51% |
| Portland Gen Elec Co |
2.35%
75,475
|
$3,994,000 | 0.51% |
| Resideo Technologies Inc |
2.30%
150,702
|
$3,923,000 | 0.50% |
| American Tower Corp. |
3.06%
13,318
|
$3,896,000 | 0.50% |
| F.N.B. Corp. |
2.31%
316,680
|
$3,841,000 | 0.49% |
| Vanguard Scottsdale Fds |
Closed
43,324
|
$3,830,000 | |
| G-III Apparel Group Ltd. |
2.29%
137,938
|
$3,813,000 | 0.49% |
| ModivCare Inc. |
Closed
20,508
|
$3,725,000 | |
| Myriad Genetics, Inc. |
2.34%
132,101
|
$3,646,000 | 0.46% |
| Avid Bioservices Inc |
9.59%
123,662
|
$3,608,000 | 0.46% |
| Rexford Indl Rlty Inc |
2.82%
44,435
|
$3,604,000 | 0.46% |
| Fb Finl Corp |
2.38%
78,461
|
$3,438,000 | 0.44% |
| Patterson-UTI Energy Inc |
Opened
400,333
|
$3,383,000 | 0.43% |
| Extra Space Storage Inc. |
3.30%
14,847
|
$3,366,000 | 0.43% |
| Pacific Premier Bancorp, Inc. |
Closed
80,487
|
$3,335,000 | |
| Koppers Holdings Inc |
Closed
105,619
|
$3,302,000 | |
| Advanced Energy Inds |
2.25%
36,207
|
$3,297,000 | 0.42% |
| Stifel Finl Corp |
Closed
47,954
|
$3,259,000 | |
| Modine Mfg Co |
2.33%
321,928
|
$3,248,000 | 0.41% |
| First Fndtn Inc |
Opened
130,619
|
$3,247,000 | 0.41% |
| Alphabet Inc |
1.76%
1,211
|
$3,508,000 | 0.45% |
| Ruths Hospitality Group Inc |
2.24%
159,593
|
$3,176,000 | 0.40% |
| Primerica Inc |
2.28%
20,413
|
$3,129,000 | 0.40% |
| Equinix Inc |
3.10%
3,688
|
$3,119,000 | 0.40% |
| Skywest Inc. |
50.07%
79,186
|
$3,112,000 | 0.40% |
| Alexandria Real Estate Eq In |
2.12%
13,655
|
$3,045,000 | 0.39% |
| Texas Cap Bancshares Inc |
2.29%
48,379
|
$2,915,000 | 0.37% |
| Bjs Restaurants Inc |
2.37%
83,251
|
$2,876,000 | 0.37% |
| Heritage Insurance Holdings Inc. |
Closed
416,364
|
$2,835,000 | |
| Agios Pharmaceuticals Inc |
Closed
61,076
|
$2,819,000 | |
| TEGNA Inc |
Closed
142,775
|
$2,816,000 | |
| Stonex Group Inc |
2.32%
45,722
|
$2,800,000 | 0.36% |
| Simon Ppty Group Inc New |
1.46%
16,889
|
$2,698,000 | 0.34% |
| Invitation Homes Inc |
29.20%
55,756
|
$2,528,000 | 0.32% |
| Sun Cmntys Inc |
3.16%
11,651
|
$2,446,000 | 0.31% |
| Designer Brands Inc |
2.30%
168,034
|
$2,388,000 | 0.30% |
| Ishares Tr |
1.97%
96,725
|
$9,777,000 | 1.25% |
| Johnson Johnson |
4.94%
12,366
|
$2,115,000 | 0.27% |
| Equity Lifestyle Pptys Inc |
No change
22,530
|
$1,975,000 | 0.25% |
| Weyerhaeuser Co Mtn Be |
Closed
56,158
|
$1,965,000 | |
| Equity Residential |
3.62%
20,315
|
$1,839,000 | 0.23% |
| First Rep Bk San Francisco C |
No change
8,749
|
$1,807,000 | 0.23% |
| Store Cap Corp |
3.26%
52,071
|
$1,791,000 | 0.23% |
| Mid-amer Apt Cmntys Inc |
3.23%
7,348
|
$1,686,000 | 0.21% |
| Invitae Corp |
2.29%
100,425
|
$1,533,000 | 0.20% |
| Federal Rlty Invt Tr |
10.78%
11,085
|
$1,511,000 | 0.19% |
| Jpmorgan Chase Co |
2.11%
9,248
|
$1,464,000 | 0.19% |
| NVIDIA Corp |
0.43%
4,638
|
$1,364,000 | 0.17% |
| Public Storage |
No change
3,570
|
$1,337,000 | 0.17% |
| Avalonbay Cmntys Inc |
No change
4,818
|
$1,217,000 | 0.15% |
| Pepsico Inc |
6.49%
6,958
|
$1,209,000 | 0.15% |
| Invesco Exchange Traded Fd T |
0.27%
27,843
|
$2,829,000 | 0.36% |
| Berkshire Hathaway Inc. |
No change
3,825
|
$1,144,000 | 0.15% |
| Healthpeak Properties Inc |
11.85%
31,027
|
$1,120,000 | 0.14% |
| Regency Ctrs Corp |
3.24%
14,861
|
$1,120,000 | 0.14% |
| Dover Corp. |
No change
5,775
|
$1,049,000 | 0.13% |
| Disney Walt Co |
0.38%
6,562
|
$1,016,000 | 0.13% |
| Spdr Ser Tr |
4.02%
14,262
|
$1,010,000 | 0.13% |
| Centerspace |
Opened
8,967
|
$994,000 | 0.13% |
| Boston Properties, Inc. |
0.60%
8,296
|
$956,000 | 0.12% |
| Costco Whsl Corp New |
8.07%
1,660
|
$942,000 | 0.12% |
| BridgeBio Pharma Inc |
2.29%
55,298
|
$922,000 | 0.12% |
| Spdr Sp 500 Etf Tr |
No change
1,870
|
$888,000 | 0.11% |
| Bluerock Residential Gwt Rei |
Closed
69,079
|
$880,000 | |
| Essex Ppty Tr Inc |
2.92%
2,465
|
$868,000 | 0.11% |
| Sl Green Rlty Corp |
1.66%
12,062
|
$865,000 | 0.11% |
| Procter And Gamble Co |
3.30%
5,126
|
$839,000 | 0.11% |
| Colgate-Palmolive Co. |
2.42%
9,690
|
$827,000 | 0.11% |
| Crown Castle Intl Corp New |
3.56%
3,931
|
$821,000 | 0.10% |
| Cigna Corp. |
No change
3,245
|
$745,000 | 0.09% |
| Vanguard World Fd |
Closed
9,202
|
$737,000 | |
| Kkr Co Inc |
4.30%
8,495
|
$633,000 | 0.08% |
| Blackrock Inc. |
2.36%
650
|
$595,000 | 0.08% |
| Lowes Cos Inc |
No change
2,275
|
$588,000 | 0.07% |
| Gallagher Arthur J Co |
No change
3,450
|
$585,000 | 0.07% |
| Laboratory Corp Amer Hldgs |
No change
1,835
|
$577,000 | 0.07% |
| Amazon.com Inc. |
0.58%
173
|
$577,000 | 0.07% |
| Duke Energy Corp. |
No change
5,151
|
$540,000 | 0.07% |
| Abbott Labs |
No change
3,810
|
$536,000 | 0.07% |
| Atlantic Cap Bancshares Inc |
No change
18,092
|
$521,000 | 0.07% |
| Goldman Sachs Group, Inc. |
No change
1,306
|
$500,000 | 0.06% |
| Invesco Exch Traded Fd Tr Ii |
2.72%
32,130
|
$482,000 | 0.06% |
| Pfizer Inc. |
9.30%
6,160
|
$364,000 | 0.05% |
| Chevron Corp. |
No change
3,046
|
$357,000 | 0.05% |
| Verizon Communications Inc |
Closed
6,307
|
$341,000 | |
| Salesforce.Com Inc |
19.27%
1,300
|
$330,000 | 0.04% |
| CVS Health Corp |
No change
3,105
|
$320,000 | 0.04% |
| Methode Electrs Inc |
Closed
7,580
|
$319,000 | |
| Mcdonalds Corp |
7.42%
1,144
|
$307,000 | 0.04% |
| Marriott Intl Inc New |
No change
1,860
|
$307,000 | 0.04% |
| Bk Of America Corp |
No change
6,830
|
$304,000 | 0.04% |
| Coresite Rlty Corp |
Closed
2,087
|
$289,000 | |
| Citigroup Inc |
Closed
3,857
|
$271,000 | |
| Deere Co |
No change
790
|
$271,000 | 0.03% |
| Blackstone Inc |
3.89%
2,003
|
$259,000 | 0.03% |
| Ishares Tr |
Opened
2,228
|
$258,000 | 0.03% |
| Digital Rlty Tr Inc |
Opened
1,461
|
$258,000 | 0.03% |
| Preferred Apt Cmntys Inc |
No change
14,199
|
$256,000 | 0.03% |
| Lamb Weston Holdings Inc |
No change
3,803
|
$241,000 | 0.03% |
| Fedex Corp |
10.31%
870
|
$225,000 | 0.03% |
| Nike, Inc. |
Opened
1,317
|
$220,000 | 0.03% |
| Bank Marin Bancorp |
Closed
3,983
|
$217,000 | |
| Invesco Exchange Traded Fd T |
Opened
1,800
|
$205,000 | 0.03% |
| Intel Corp. |
20.98%
3,965
|
$204,000 | 0.03% |
| ADT Inc |
Closed
10,700
|
$87,000 | |
| Chembio Diagnostics Inc. |
No change
30,000
|
$34,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 195 holdings | |||
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