Phocas Financial 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ABBVIE INC	COM	00287Y109	2,728	35,810	SH		SOLE	0	35,810	0	0
ADT INC	COM	00090Q103	3,758	870,018	SH		SOLE	0	870,018	0	0
ADTALEM GLOBAL EDUCATION INC	COM	00737L103	4,921	183,688	SH		SOLE	0	183,688	0	0
ADVANCED ENERGY INDUSTRIES INC	COM	007973100	2,426	50,036	SH		SOLE	0	50,036	0	0
AIR TRANSPORT SERVICES GROUP INC	COM	00922R105	6,093	333,331	SH		SOLE	0	333,331	0	0
ALEXANDRIA REAL ESTATE	COM	015271109	2,289	16,704	SH		SOLE	0	16,704	0	0
ALPHABET INC	CAP STK CL A	02079K305	1,005	865	PRN		SOLE	0	865	0	0
AMERICAN EAGLE OUTFITTERS INC	COM	02553E106	1,926	242,373	SH		SOLE	0	242,373	0	0
AMERICAN TOWER CORP	COM	03027X100	2,814	12,927	SH		SOLE	0	12,927	0	0
AMERICOLD REALTY TRUST	COM	03064D108	304	8,932	SH		SOLE	0	8,932	0	0
AMERIS BANCORP	COM	03076K108	5,024	211,450	SH		SOLE	0	211,450	0	0
APPLE COMPUTER INC	COM	037833100	1,261	4,959	SH		SOLE	0	4,959	0	0
AT&T INC	COM	00206R102	660	22,673	SH		SOLE	0	22,673	0	0
ATKORE INTERNATIONAL GROUP INC	COM	047649108	5,557	263,786	SH		SOLE	0	263,786	0	0
ATLANTIC CAPITAL BANCSHARES INC	COM	048269203	131	11,047	SH		SOLE	0	11,047	0	0
ATLANTIC UNION BANKSHARES	COM	04911A107	6,304	287,878	SH		SOLE	0	287,878	0	0
AVALONBAY COMMUNITIES	COM	053484101	827	5,623	SH		SOLE	0	5,623	0	0
AVANOS MEDICAL INC	COM	05350V106	2,348	87,191	SH		SOLE	0	87,191	0	0
BANNER CORP	COM	06652V208	2,124	64,289	SH		SOLE	0	64,289	0	0
BELDEN INC	COM	077454106	2,242	62,165	SH		SOLE	0	62,165	0	0
BERKSHIRE HATHAWAY	CL B NEW	084670702	232	1,270	PRN		SOLE	0	1,270	0	0
BLACK HILLS CORP	COM	092113109	3,974	62,079	SH		SOLE	0	62,079	0	0
BLACKSTONE MORTGAGE TRUST INC	COM CL A	09257W100	1,818	97,656	PRN		SOLE	0	97,656	0	0
BLOOMIN BRANDS INC	COM	094235108	1,608	225,274	SH		SOLE	0	225,274	0	0
BMC STOCK HOLDINGS INC	COM	05591B109	3,271	184,533	SH		SOLE	0	184,533	0	0
BOSTON PROPERTIES INC	COM	101121101	1,027	11,143	SH		SOLE	0	11,143	0	0
CACI INTERNATIONAL INC	CL A	127190304	6,034	28,578	PRN		SOLE	0	28,578	0	0
CALLON PETROLEUM CO	COM	13123X102	6	11,652	SH		SOLE	0	11,652	0	0
CAMDEN PROPERTY TRUST	COM	133131102	577	7,284	SH		SOLE	0	7,284	0	0
CBIZ INC	COM	124805102	2,330	111,402	SH		SOLE	0	111,402	0	0
CENTERSTATE BANKS INC	COM	15201P109	6,736	390,954	SH		SOLE	0	390,954	0	0
CHEMBIO DIAGNOSTICS	COM	163572209	102	20,000	SH		SOLE	0	20,000	0	0
CHEVRON CORP NEW	COM	166764100	492	6,792	SH		SOLE	0	6,792	0	0
CIRRUS LOGIC INC	COM	172755100	4,886	74,456	SH		SOLE	0	74,456	0	0
CITIGROUP INC	COM	172967424	230	5,477	SH		SOLE	0	5,477	0	0
CLEARWAY ENERGY INC	CL C	18539C204	4,134	219,928	PRN		SOLE	0	219,928	0	0
CLOROX CO DEL	COM	189054109	216	1,250	SH		SOLE	0	1,250	0	0
COHERUS BIOSCIENCES INC	COM	19249H103	2,106	129,859	SH		SOLE	0	129,859	0	0
COLGATE PALMOLIVE CO	COM	194162103	658	9,930	SH		SOLE	0	9,930	0	0
COLUMBUS MCKINNON CORPORATION	COM	199333105	3,935	157,439	SH		SOLE	0	157,439	0	0
CORESITE REALTY CORP	COM	21870Q105	746	6,444	SH		SOLE	0	6,444	0	0
CROWN CASTLE INTERNATIONAL CORP	COM	22822V101	553	3,832	SH		SOLE	0	3,832	0	0
CUBIC CORPORATION	COM	229669106	2,132	51,622	SH		SOLE	0	51,622	0	0
DANA INCORPORATED	COM	235825205	2,618	335,284	SH		SOLE	0	335,284	0	0
DESIGNER BRANDS INC	COM	250565108	1,174	235,898	SH		SOLE	0	235,898	0	0
DOVER CORP	COM	260003108	673	8,025	SH		SOLE	0	8,025	0	0
DUCOMMUN INCORPORATED	COM	264147109	1,893	76,201	SH		SOLE	0	76,201	0	0
DUKE ENERGY CORP	COM	26441C204	492	6,084	SH		SOLE	0	6,084	0	0
EATON CORP	SHS	G29183103	550	7,090	PRN		SOLE	0	7,090	0	0
EMCOR GROUP INC	COM	29084Q100	4,434	72,320	SH		SOLE	0	72,320	0	0
EMERGENT BIO SOLUTIONS INC	COM	29089Q105	5,367	92,759	SH		SOLE	0	92,759	0	0
EMMIS COMMUNICTNS CORP	COM NEW CL A	291525400	148	74,232	PRN		SOLE	0	74,232	0	0
ENTERPRISE FINANCIAL SERVICES	COM	293712105	5,309	190,224	SH		SOLE	0	190,224	0	0
EQUINIX INC	COM	29444U700	2,217	3,551	SH		SOLE	0	3,551	0	0
EQUITY LIFESTYLE PPTYS	COM	29472R108	1,918	33,372	SH		SOLE	0	33,372	0	0
ESSENTIAL PROPERTIES REALTY TRUST INC	COM	29670E107	4,945	378,703	SH		SOLE	0	378,703	0	0
ESSEX PROPERTY TRUST	COM	297178105	1,185	5,381	SH		SOLE	0	5,381	0	0
EXTRA SPACE STORAGE	COM	30225T102	761	7,947	SH		SOLE	0	7,947	0	0
EXXON MOBIL CORP	COM	30231G102	212	5,589	SH		SOLE	0	5,589	0	0
FB FINANCIAL CORPORATION	COM	30257X104	3,660	185,622	SH		SOLE	0	185,622	0	0
FERRO CORP	COM	315405100	1,804	192,796	SH		SOLE	0	192,796	0	0
FIRST INTERSTATE BANCSYSTEM	COM	32055Y201	4,611	159,891	SH		SOLE	0	159,891	0	0
FIRST MERCHANTS CORPORATION	COM	320817109	5,019	189,480	SH		SOLE	0	189,480	0	0
FIRST REPUBLIC BANK	COM	33616C100	738	8,974	SH		SOLE	0	8,974	0	0
FIRST TR EXCH TRADED FD III	INSTL PFD SECS	33739P855	5,264	311,297	PRN		SOLE	0	311,297	0	0
FNB CORP	COM	302520101	6,062	822,548	SH		SOLE	0	822,548	0	0
GALLAGHER ARTHUR J &CO	COM	363576109	281	3,450	SH		SOLE	0	3,450	0	0
GIBRALTAR INDS INC	COM	374689107	2,587	60,287	SH		SOLE	0	60,287	0	0
GLOBAL MEDICAL REIT INC	COM NEW	37954A204	4,850	479,254	PRN		SOLE	0	479,254	0	0
HB FULLER COMPANY	COM	359694106	1,679	60,145	SH		SOLE	0	60,145	0	0
HD SUPPLY HOLDINGS INC	COM	40416M105	261	9,207	SH		SOLE	0	9,207	0	0
HERITAGE INSURANCE HOLDINGS INC	COM	42727J102	6,852	639,830	SH		SOLE	0	639,830	0	0
HILTON GRAND VA	COM	43283X105	2,114	134,085	SH		SOLE	0	134,085	0	0
HOSTESS BRANDS INC	CL A	44109J106	4,863	456,271	PRN		SOLE	0	456,271	0	0
HUB GROUP INC	CL A	443320106	3,050	67,080	PRN		SOLE	0	67,080	0	0
HUDSON PACIFIC PROPERTIES INC	COM	444097109	785	30,956	SH		SOLE	0	30,956	0	0
ICU MEDICAL INC	COM	44930G107	3,351	16,612	SH		SOLE	0	16,612	0	0
IDACORP INC	COM	451107106	6,119	69,702	SH		SOLE	0	69,702	0	0
INDEPENDENCE REALTY TRUST INC	COM	45378A106	7,663	857,215	SH		SOLE	0	857,215	0	0
INDEPENDENT BANK GROUP INC	COM	45384B106	3,290	138,977	SH		SOLE	0	138,977	0	0
INTEL CORP	COM	458140100	413	7,643	SH		SOLE	0	7,643	0	0
INTERCEPT PHARMACEUTICALS INC	COM	45845P108	1,095	17,402	SH		SOLE	0	17,402	0	0
INTERNATIONAL SEAWAYS INC	COM	Y41053102	3,026	126,688	SH		SOLE	0	126,688	0	0
INVESCO EXCHANGE TRADED FR T	S&P500 EQL TEC	46137V282	306	1,922	PRN		SOLE	0	1,922	0	0
INVESCO EXHANGE-TRADED FD T	PDF ETF	46138E511	269	20,480	PRN		SOLE	0	20,480	0	0
INVESCO EXHANGE-TRADED FD T	S&P SPIN OFF	46137V159	795	27,952	PRN		SOLE	0	27,952	0	0
INVESCO QQQ TR	UNIT SER 1	46090E103	580	3,050	PRN		SOLE	0	3,050	0	0
INVITATION HOMES INC	COM	46187W107	929	43,498	SH		SOLE	0	43,498	0	0
ISHARES TR	MSCI EAFE ETF	464287465	747	13,975	PRN		SOLE	0	13,975	0	0
ISHARES TR	RUS MID CAP ETF	464287499	592	13,728	PRN		SOLE	0	13,728	0	0
ISHARES TR	PDFAND INCM SEC	464288687	606	19,053	PRN		SOLE	0	19,053	0	0
ISHARES TR	U.S. REAL ES ETF	464287739	743	10,686	PRN		SOLE	0	10,686	0	0
ISHARES TR	RUS 2000 GRW ETF	464287648	354	2,240	PRN		SOLE	0	2,240	0	0
JERNIGAN CAPITAL INC	COM	476405105	2,774	253,131	SH		SOLE	0	253,131	0	0
JOHNSON & JOHNSON	COM	478160104	1,630	12,437	SH		SOLE	0	12,437	0	0
JPMORGAN CHASE & CO	COM	46625H100	774	8,600	SH		SOLE	0	8,600	0	0
KADANT INC	COM	48282T104	2,472	33,117	SH		SOLE	0	33,117	0	0
KAISER ALUMINUM CORP	COM	483007704	4,435	64,026	SH		SOLE	0	64,026	0	0
KEMPER CORPORATION	COM	488401100	6,442	86,629	SH		SOLE	0	86,629	0	0
KFORCE INC	COM	493732101	3,460	135,344	SH		SOLE	0	135,344	0	0
KILROY REALTY CORP	COM	49427F108	687	10,792	SH		SOLE	0	10,792	0	0
KNOLL INC	COM	498904200	2,031	196,878	SH		SOLE	0	196,878	0	0
KOPPERS HOLDINGS INC	COM	50060P106	1,787	144,501	SH		SOLE	0	144,501	0	0
LABORATORY CORP OF AMERICA	COM	50540R409	231	1,835	SH		SOLE	0	1,835	0	0
LAMB WESTON HOLDINGS	COM	513272104	287	5,039	SH		SOLE	0	5,039	0	0
LANNET INC	COM	516012101	1,217	175,237	SH		SOLE	0	175,237	0	0
MACK-CALI REALTY CORPORATION	COM	554489104	2,454	161,164	SH		SOLE	0	161,164	0	0
MAGELLAN HEALTH INC	COM	559079207	2,091	43,471	SH		SOLE	0	43,471	0	0
MATERION CORP	COM	576690101	5,432	155,173	SH		SOLE	0	155,173	0	0
MAXIMUS INC	COM	577933104	2,767	47,553	SH		SOLE	0	47,553	0	0
META FINANCIAL GROUP INC	COM	59100U108	6,871	316,362	SH		SOLE	0	316,362	0	0
METHODE ELECTRONICS INC	COM	591520200	2,316	87,631	SH		SOLE	0	87,631	0	0
MICROSOFT CORP	COM	594918104	791	5,020	SH		SOLE	0	5,020	0	0
MID-AMERICA APARTMENT COMMUNITIES	COM	59522J103	694	6,741	SH		SOLE	0	6,741	0	0
MKS INSTRUMENT INC	COM	55306N104	4,431	54,409	SH		SOLE	0	54,409	0	0
MODINE MANUFACTURING CO	COM	607828100	1,290	396,932	SH		SOLE	0	396,932	0	0
MURPHY OIL CORPORATION	COM	626717102	1,351	220,506	SH		SOLE	0	220,506	0	0
MYR GROUP INC	COM	55405W104	4,012	153,220	SH		SOLE	0	153,220	0	0
NATIONAL STORAGE AFFILIATES TRUST	COM	637870106	4,054	136,966	SH		SOLE	0	136,966	0	0
NEW JERSEY RESOURCES CORPORATION	COM	646025106	2,766	81,447	SH		SOLE	0	81,447	0	0
NEXSTAR BROADCASTING	COM	65336K103	7,761	134,446	SH		SOLE	0	134,446	0	0
NUANCE COMMUNICATIONS INC	COM	67020Y100	4,677	278,729	SH		SOLE	0	278,729	0	0
NUVASIVE INC	COM	670704105	2,215	43,730	SH		SOLE	0	43,730	0	0
ONE MAIN HOLDINGS	COM	68268W103	7,259	379,693	SH		SOLE	0	379,693	0	0
OSHKOSH CORP	COM	688239201	2,474	38,468	SH		SOLE	0	38,468	0	0
PACIFIC PREMIER BANCORP	COM	69478X105	4,661	247,437	SH		SOLE	0	247,437	0	0
PARSLEY ENERGY INC	CL A	701877102	2,003	349,655	PRN		SOLE	0	349,655	0	0
PATTERSON COMPANIES INC	COM	703395103	2,414	157,908	SH		SOLE	0	157,908	0	0
PDC ENERGY	COM	69327R101	786	126,571	SH		SOLE	0	126,571	0	0
PENN NATIONAL GAMING INC	COM	707569109	2,705	213,889	SH		SOLE	0	213,889	0	0
PEPSICO INC	COM	713448108	1,034	8,616	SH		SOLE	0	8,616	0	0
PHOTRONICS INC	COM	719405102	3,269	318,689	SH		SOLE	0	318,689	0	0
PINNACLE FINANCIAL PARTNERS INC	COM	72346Q104	5,337	142,178	SH		SOLE	0	142,178	0	0
PLEXUS CORP	COM	729132100	3,007	55,116	SH		SOLE	0	55,116	0	0
PORTLAND GENERAL	COM	736508847	4,397	91,732	SH		SOLE	0	91,732	0	0
PREFERRED BANK	COM	740367404	5,081	150,247	SH		SOLE	0	150,247	0	0
PRIMERICA	COM	74164M108	4,722	53,375	SH		SOLE	0	53,375	0	0
PROCTER & GAMBLE CO	COM	742718109	772	7,026	SH		SOLE	0	7,026	0	0
PROGRESS SOFTWARE CORP	COM	743312100	3,360	105,025	SH		SOLE	0	105,025	0	0
PROLOGIS	COM	74340W103	2,433	30,276	SH		SOLE	0	30,276	0	0
PS BUSINESS PARKS INC	COM	69360J107	5,179	38,220	SH		SOLE	0	38,220	0	0
PUBLIC STORAGE INC	COM	74460D109	668	3,365	SH		SOLE	0	3,365	0	0
QTS REALTY TRUST INC	COM	74736A103	11,038	190,280	SH		SOLE	0	190,280	0	0
QUANTA SERVICES INC	COM	74762E102	6,071	191,337	SH		SOLE	0	191,337	0	0
REGENCY CTRS CORP	COM	758849103	558	14,529	SH		SOLE	0	14,529	0	0
REXFORD INDUSTRIAL REALTY	COM	76169C100	11,557	281,822	SH		SOLE	0	281,822	0	0
SABRA HEALTH CARE REIT	COM	78573L106	3,671	336,239	SH		SOLE	0	336,239	0	0
SCHWAB STRATEGIC TR	INTL EQTY EQ	808524805	374	14,507	PRN		SOLE	0	14,507	0	0
SCHWAB STRATEGIC TR	1000 INDEX ETF	808524722	246	9,818	PRN		SOLE	0	9,818	0	0
SCHWAB STRATEGIC TR	US MID-CAP ETF	808524508	457	10,850	PRN		SOLE	0	10,850	0	0
SCHWAB STRATEGIC TR	US BRD MKT ETF	808524102	1,238	20,494	PRN		SOLE	0	20,494	0	0
SCHWAB STRATEGIC TR	US LRG CAP ETF	808524201	6,292	102,727	PRN		SOLE	0	102,727	0	0
SCHWAB STRATEGIC TR	US REIT ETF	808524847	1,582	48,340	PRN		SOLE	0	48,340	0	0
SCHWAB STRATEGIC TR	US SML CAP ETF	808524607	496	9,632	PRN		SOLE	0	9,632	0	0
SELECTIVE INS GROUP	COM	816300107	3,783	76,132	SH		SOLE	0	76,132	0	0
SIMON PROPERTY GROUP	COM	828806109	737	13,435	SH		SOLE	0	13,435	0	0
SKYWEST INC	COM	830879102	3,103	118,493	SH		SOLE	0	118,493	0	0
SL GREEN REALTY	COM	78440X101	301	7,000	SH		SOLE	0	7,000	0	0
SOUTH JERSEY INDS INC	COM	838518108	3,932	157,314	SH		SOLE	0	157,314	0	0
SPARTANNASH COMPANY	COM	847215100	3,328	232,442	SH		SOLE	0	232,442	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	1,247	4,840	PRN		SOLE	0	4,840	0	0
SPDR SER TR	S&P REGL BKG	78464A698	292	8,965	PRN		SOLE	0	8,965	0	0
SPECTRUM BRANDS HOLDINGS INC	COM	84790A105	2,484	68,313	SH		SOLE	0	68,313	0	0
SPIRE INC	COM	84857L101	4,980	66,877	SH		SOLE	0	66,877	0	0
STERLING BANCORP	COM	85917A100	4,473	428,105	SH		SOLE	0	428,105	0	0
STERLING CONSTRUCTION COMPANY INC	COM	859241101	3,955	416,342	SH		SOLE	0	416,342	0	0
STIFEL FINANCIAL CORP	COM	860630102	4,196	101,656	SH		SOLE	0	101,656	0	0
SUN COMMUNITIES INC	COM	866674104	1,619	12,972	SH		SOLE	0	12,972	0	0
SYNEOS HEALTH INC	CL A	87166B102	3,184	80,791	PRN		SOLE	0	80,791	0	0
SYNNEX CORP	COM	87162W100	4,835	66,150	SH		SOLE	0	66,150	0	0
TCF FINANCIAL CORP NEW NPV	COM	872307103	1,856	81,937	SH		SOLE	0	81,937	0	0
TEGNA INC	COM	87901J105	2,212	203,684	SH		SOLE	0	203,684	0	0
TERRENO REALTY CORPORATION	COM	88146M101	2,965	57,312	SH		SOLE	0	57,312	0	0
TOPBUILD CORP	COM	89055F103	6,565	91,649	SH		SOLE	0	91,649	0	0
TRIUMPH BANCORP INC	COM	89679E300	5,121	196,975	SH		SOLE	0	196,975	0	0
UMPQUA HOLDINGS CORP	COM	904214103	3,393	311,337	SH		SOLE	0	311,337	0	0
UNILEVER N V	N Y SHS NEW	904784709	292	6,000	PRN		SOLE	0	6,000	0	0
VERINT SYS INC	COM	92343X100	4,870	113,260	SH		SOLE	0	113,260	0	0
VERIZON COMMUNICATIONS	COM	92343V104	536	9,978	SH		SOLE	0	9,978	0	0
WALT DISNEY CO	COM	254687106	642	6,651	SH		SOLE	0	6,651	0	0
WELLTOWER INC	COM	95040Q104	616	13,458	SH		SOLE	0	13,458	0	0
WESBANCO INC	COM	950810101	2,740	115,648	SH		SOLE	0	115,648	0	0
WILLIAMS SONOMA INC	COM	969904101	3,290	77,376	SH		SOLE	0	77,376	0	0
WINTRUST FINL CORP	COM	97650W108	2,462	74,942	SH		SOLE	0	74,942	0	0
WORLD FUEL SERVICES CORPORATION	COM	981475106	2,036	80,879	SH		SOLE	0	80,879	0	0