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	3,457	35,221	SH		SOLE	0	35,221	0	0
ABM INDS INC	COM	000957100	5,720	157,595	SH		SOLE	0	157,595	0	0
ACTIVISION INC NEW COM NEW	COM	00507V109	227	3,000	SH		SOLE	0	3,000	0	0
ADT INC	COM	00090Q103	98	12,374	SH		SOLE	0	12,374	0	0
ADTALEM GLOBAL EDUCATION INC	COM	00737L103	5,676	182,235	SH		SOLE	0	182,235	0	0
ADVANCED ENERGY INDUSTRIES INC	COM	007973100	3,700	54,583	SH		SOLE	0	54,583	0	0
AIR TRANSPORT SERVICES GROUP INC	COM	00922R105	5,518	247,819	SH		SOLE	0	247,819	0	0
ALPHABET INC CL A	COM	02079K305	1,257	887	SH		SOLE	0	887	0	0
AMERICAN EAGLE OUTFITTERS INC	COM	02553E106	2,432	223,128	SH		SOLE	0	223,128	0	0
AMERIS BANCORP	COM	03076K108	5,532	234,523	SH		SOLE	0	234,523	0	0
APPLE COMPUTER INC	COM	037833100	1,816	4,979	SH		SOLE	0	4,979	0	0
AT&T INC	COM	00206R102	686	22,722	SH		SOLE	0	22,722	0	0
ATKORE INTERNATIONAL GROUP INC	COM	047649108	6,647	243,057	SH		SOLE	0	243,057	0	0
ATLANTIC CAPITAL BANCOMHARES INC	COM	048269203	134	11,047	SH		SOLE	0	11,047	0	0
ATLANTIC UNION BANKSHARES	COM	04911A107	6,145	265,353	SH		SOLE	0	265,353	0	0
AVANOS MEDICAL INC	COM	05350V106	3,490	118,751	SH		SOLE	0	118,751	0	0
BANK OF AMERICA CORP	COM	060505104	210	8,870	SH		SOLE	0	8,870	0	0
BANNER CORP	COM	06652V208	2,247	59,149	SH		SOLE	0	59,149	0	0
BERKSHIRE HATHAWAY CLASS B	COM	084670702	226	1,270	SH		SOLE	0	1,270	0	0
BLACK HILLS CORP	COM	092113109	4,023	71,010	SH		SOLE	0	71,010	0	0
BLACKSTONE MORTGAGE TRUST INC CLASS A	COM	09257W100	7,662	318,068	SH		SOLE	0	318,068	0	0
BLOOMIN BRANDS INC	COM	094235108	2,208	207,197	SH		SOLE	0	207,197	0	0
BMC STOCK HOLDINGS INC	COM	05591B109	4,268	169,774	SH		SOLE	0	169,774	0	0
BOOT BARN HOLDINGS INC	COM	099406100	5,155	239,125	SH		SOLE	0	239,125	0	0
CACI INTERNATIONAL INC CLASS A	COM	127190304	5,701	26,291	SH		SOLE	0	26,291	0	0
CHAMPION X CORPORATION	COM	15872M104	4,802	492,041	SH		SOLE	0	492,041	0	0
CHEMBIO DIAGNOSTICOM	COM	163572209	65	20,000	SH		SOLE	0	20,000	0	0
CHEVRON CORP NEW	COM	166764100	490	5,492	SH		SOLE	0	5,492	0	0
CIRRUS LOGIC INC	COM	172755100	4,232	68,510	SH		SOLE	0	68,510	0	0
CITIGROUP INC	COM	172967424	238	4,677	SH		SOLE	0	4,677	0	0
CLEARWAY ENERGY INC CLASS C	COM	18539C204	7,339	318,292	SH		SOLE	0	318,292	0	0
COHERUS BIOSCIENCES INC	COM	19249H103	2,134	119,516	SH		SOLE	0	119,516	0	0
COLGATE PALMOLIVE CO	COM	194162103	727	9,930	SH		SOLE	0	9,930	0	0
COSTCO WHSL CORP NEW	COM	22160K105	213	703	SH		SOLE	0	703	0	0
CUBIC CORPORATION	COM	229669106	2,273	47,333	SH		SOLE	0	47,333	0	0
CVS HEALTH CORP	COM	126650100	201	3,105	SH		SOLE	0	3,105	0	0
DANA INCORPORATED	COM	235825205	3,760	308,500	SH		SOLE	0	308,500	0	0
DESIGNER BRANDS INC	COM	250565108	2,505	370,135	SH		SOLE	0	370,135	0	0
DOVER CORP	COM	260003108	687	7,125	SH		SOLE	0	7,125	0	0
DUKE ENERGY CORP	COM	26441C204	486	6,084	SH		SOLE	0	6,084	0	0
EATON CORP	SHS	G29183103	593	6,790	PRN		SOLE	0	6,790	0	0
EMCOR GROUP INC	COM	29084Q100	4,400	66,537	SH		SOLE	0	66,537	0	0
EMERGENT BIO SOLUTIONS INC	COM	29089Q105	6,478	81,919	SH		SOLE	0	81,919	0	0
EMMIS COMMUNICTNS CORP CL A	COM	291525400	116	70,309	SH		SOLE	0	70,309	0	0
ENTERPRISE FINANCIAL SERVICES	COM	293712105	5,446	175,018	SH		SOLE	0	175,018	0	0
FB FINANCIAL CORPORATION	COM	30257X104	2,502	101,032	SH		SOLE	0	101,032	0	0
FEDERAL SIGNAL CORPORATION	COM	313855108	2,195	73,854	SH		SOLE	0	73,854	0	0
FIRST INTERSTATE BANCOMYSTEM	COM	32055Y201	4,555	147,139	SH		SOLE	0	147,139	0	0
FIRST MERCHANTS CORPORATION	COM	320817109	4,806	174,336	SH		SOLE	0	174,336	0	0
FIRST REPUBLIC BANK	COM	33616C100	860	8,114	SH		SOLE	0	8,114	0	0
FNB CORP	COM	302520101	5,676	756,815	SH		SOLE	0	756,815	0	0
GALLAGHER ARTHUR J &CO	COM	363576109	336	3,450	SH		SOLE	0	3,450	0	0
GIBRALTAR INDS INC	COM	374689107	2,578	53,708	SH		SOLE	0	53,708	0	0
G-III APPAREL GROUP LTD	COM	36237H101	2,355	177,228	SH		SOLE	0	177,228	0	0
HB FULLER COMPANY	COM	359694106	2,467	55,336	SH		SOLE	0	55,336	0	0
HD SUPPLY HOLDINGS INC	COM	40416M105	319	9,207	SH		SOLE	0	9,207	0	0
HERITAGE INSURANCE HOLDINGS INC	COM	42727J102	7,712	589,176	SH		SOLE	0	589,176	0	0
HILTON GRAND VA	COM	43283X105	2,412	123,383	SH		SOLE	0	123,383	0	0
HOSTESS BRANDS INC CLASS A	COM	44109J106	5,129	419,795	SH		SOLE	0	419,795	0	0
ICF INTERNATIONAL INC	COM	44925C103	3,442	53,103	SH		SOLE	0	53,103	0	0
ICU MEDICAL INC	COM	44930G107	3,263	17,705	SH		SOLE	0	17,705	0	0
II-VI INCORPORATED	COM	902104108	2,457	52,050	SH		SOLE	0	52,050	0	0
INDEPENDENT BANK GROUP INC	COM	45384B106	7,226	178,336	SH		SOLE	0	178,336	0	0
INTEL CORP	COM	458140100	391	6,543	SH		SOLE	0	6,543	0	0
INTERCEPT PHARMACEUTICALS INC	COM	45845P108	1,399	29,217	SH		SOLE	0	29,217	0	0
JOHNSON & JOHNSON	COM	478160104	1,702	12,107	SH		SOLE	0	12,107	0	0
JPMORGAN CHASE & CO	COM	46625H100	778	8,272	SH		SOLE	0	8,272	0	0
KADANT INC	COM	48282T104	4,886	49,032	SH		SOLE	0	49,032	0	0
KAISER ALUMINUM CORP	COM	483007704	4,336	58,910	SH		SOLE	0	58,910	0	0
KEMPER CORPORATION	COM	488401100	5,100	70,333	SH		SOLE	0	70,333	0	0
KFORCE INC	COM	493732101	3,642	124,513	SH		SOLE	0	124,513	0	0
KNOLL INC	COM	498904200	2,208	181,156	SH		SOLE	0	181,156	0	0
KOPPERS HOLDINGS INC	COM	50060P106	2,505	132,966	SH		SOLE	0	132,966	0	0
LABORATORY CORP OF AMERICA	COM	50540R409	304	1,835	SH		SOLE	0	1,835	0	0
LAMB WESTON HOLDINGS	COM	513272104	322	5,039	SH		SOLE	0	5,039	0	0
LANNET INC	COM	516012101	1,170	161,225	SH		SOLE	0	161,225	0	0
LOWES COMPANIES INC	COM	548661107	302	2,240	SH		SOLE	0	2,240	0	0
MAGELLAN HEALTH INC	COM	559079207	2,921	40,034	SH		SOLE	0	40,034	0	0
MATERION CORP	COM	576690101	8,779	142,774	SH		SOLE	0	142,774	0	0
MAXIMUS INC	COM	577933104	3,082	43,752	SH		SOLE	0	43,752	0	0
MERIDIAN BIOSCIENCE INC	COM	589584101	4,833	207,522	SH		SOLE	0	207,522	0	0
META FINANCIAL GROUP INC	COM	59100U108	5,290	291,192	SH		SOLE	0	291,192	0	0
METHODE ELECTRONICOM INC	COM	591520200	2,520	80,638	SH		SOLE	0	80,638	0	0
MICROSOFT CORP	COM	594918104	1,195	5,875	SH		SOLE	0	5,875	0	0
MODINE MANUFACTURING CO	COM	607828100	2,597	470,613	SH		SOLE	0	470,613	0	0
MURPHY OIL CORPORATION	COM	626717102	3,637	263,553	SH		SOLE	0	263,553	0	0
MURPHY USA INC	COM	626755102	2,408	21,396	SH		SOLE	0	21,396	0	0
MYR GROUP INC	COM	55405W104	5,706	178,842	SH		SOLE	0	178,842	0	0
NEENAH INC	COM	640079109	3,432	69,400	SH		SOLE	0	69,400	0	0
NEXSTAR BROADCASTING	COM	65336K103	10,365	123,850	SH		SOLE	0	123,850	0	0
NUVASIVE INC	COM	670704105	3,369	60,531	SH		SOLE	0	60,531	0	0
ONE MAIN HOLDINGS	COM	68268W103	5,559	226,534	SH		SOLE	0	226,534	0	0
OSHKOSH CORP	COM	688239201	4,693	65,540	SH		SOLE	0	65,540	0	0
PACIFIC PREMIER BANCORP	COM	69478X105	6,835	315,270	SH		SOLE	0	315,270	0	0
PARSLEY ENERGY INC CLASS A	COM	701877102	7,177	672,074	SH		SOLE	0	672,074	0	0
PDC ENERGY	COM	69327R101	3,229	259,600	SH		SOLE	0	259,600	0	0
PENN NATIONAL GAMING INC	COM	707569109	4,805	157,350	SH		SOLE	0	157,350	0	0
PEPSICO INC	COM	713448108	1,126	8,516	SH		SOLE	0	8,516	0	0
PHOTRONICOM INC	COM	719405102	2,078	186,762	SH		SOLE	0	186,762	0	0
PINNACLE FINANCIAL PARTNERS INC	COM	72346Q104	6,628	157,849	SH		SOLE	0	157,849	0	0
PLEXUS CORP	COM	729132100	3,577	50,704	SH		SOLE	0	50,704	0	0
POLYONE CORPORATION	COM	73179P106	2,556	97,446	SH		SOLE	0	97,446	0	0
PORTLAND GENERAL	COM	736508847	4,326	103,487	SH		SOLE	0	103,487	0	0
PREFERRED BANK	COM	740367404	5,926	138,305	SH		SOLE	0	138,305	0	0
PRIMERICA	COM	74164M108	5,727	49,121	SH		SOLE	0	49,121	0	0
PROCTER & GAMBLE CO	COM	742718109	612	5,126	SH		SOLE	0	5,126	0	0
PROGRESS SOFTWARE CORP	COM	743312100	3,743	96,605	SH		SOLE	0	96,605	0	0
QUANTA SERVICES INC	COM	74762E102	4,564	116,364	SH		SOLE	0	116,364	0	0
REXNORD CORPORATION	COM	76169B102	5,288	181,408	SH		SOLE	0	181,408	0	0
SKYWEST INC	COM	830879102	2,619	80,296	SH		SOLE	0	80,296	0	0
SKYWORKS SOLUTIONS INC	COM	83088M102	259	2,030	SH		SOLE	0	2,030	0	0
SOUTH JERSEY INDS INC	COM	838518108	4,336	173,539	SH		SOLE	0	173,539	0	0
SOUTH STATE CORPORATION	COM	840441109	5,154	108,156	SH		SOLE	0	108,156	0	0
SPARTANNASH COMPANY	COM	847215100	4,547	214,001	SH		SOLE	0	214,001	0	0
SPECTRUM BRANDS HOLDINGS INC	COM	84790A105	3,937	85,778	SH		SOLE	0	85,778	0	0
STANDEX INTERNATIONAL CORPORATION	COM	854231107	2,327	40,441	SH		SOLE	0	40,441	0	0
STEPAN COMPANY	COM	858586100	2,420	24,927	SH		SOLE	0	24,927	0	0
STERLING BANCORP	COM	85917A100	5,868	500,713	SH		SOLE	0	500,713	0	0
STERLING CONSTRUCTION COMPANY INC	COM	859241101	4,020	384,001	SH		SOLE	0	384,001	0	0
STIFEL FINANCIAL CORP	COM	860630102	5,887	124,126	SH		SOLE	0	124,126	0	0
SYNNEX CORP	COM	87162W100	4,663	38,935	SH		SOLE	0	38,935	0	0
TCF FINANCIAL CORP NEW NPV	COM	872307103	5,569	189,299	SH		SOLE	0	189,299	0	0
TEGNA INC	COM	87901J105	2,094	188,054	SH		SOLE	0	188,054	0	0
TOPBUILD CORP	COM	89055F103	7,598	66,791	SH		SOLE	0	66,791	0	0
TPI COMPOSITES INC	COM	87266J104	4,001	171,233	SH		SOLE	0	171,233	0	0
TRIUMPH BANCORP INC	COM	89679E300	4,399	181,277	SH		SOLE	0	181,277	0	0
UMPQUA HOLDINGS CORP	COM	904214103	3,048	286,511	SH		SOLE	0	286,511	0	0
VERINT SYS INC	COM	92343X100	4,710	104,263	SH		SOLE	0	104,263	0	0
VERIZON COMMUNICATIONS	COM	92343V104	384	6,972	SH		SOLE	0	6,972	0	0
VISA INC	COM	92826C839	226	1,172	SH		SOLE	0	1,172	0	0
WALT DISNEY CO	COM	254687106	741	6,651	SH		SOLE	0	6,651	0	0
WESBANCO INC	COM	950810101	2,782	137,011	SH		SOLE	0	137,011	0	0
WILLIAMS SONOMA INC	COM	969904101	2,316	28,244	SH		SOLE	0	28,244	0	0
ISHARES MSCI EAFE INDEX FUND	MSCI EAFE ETF	464287465	776	12,755	PRN		SOLE	0	12,755	0	0
SCHWAB INTERNATIONAL EQUITY	INT EQTY ETF	808524805	425	14,287	PRN		SOLE	0	14,287	0	0
UNILEVER NV	N Y SHS NEW	904784709	319	6,000	PRN		SOLE	0	6,000	0	0
INVESTCO EXCHANGE TRADED FD T	S&P500 EQL WGT	46137V357	287	2,825	PRN		SOLE	0	2,825	0	0
INVESTCO EXCHANGE TRADED FD T	S&P500 EQL TEC	46137V282	340	1,712	PRN		SOLE	0	1,712	0	0
ISHARES TR	RUS MID CAP ETF	464287499	1,052	19,628	PRN		SOLE	0	19,628	0	0
INVESCO QQQ TR	UNIT SER 1	46090E103	762	3,080	PRN		SOLE	0	3,080	0	0
SCHWAB STRATEGIC TR	1000 INDEX ETF	808524722	237	7,818	PRN		SOLE	0	7,818	0	0
SCHWAB STRATEGIC TR	US LRG CAP ETF	808524201	7,118	96,072	PRN		SOLE	0	96,072	0	0
SCHWAB STRATEGIC TR	US MID-CAP ETF	808524508	570	10,850	PRN		SOLE	0	10,850	0	0
SCHWAB STRATEGIC TR	US BRD MKT ETF	808524102	2,191	29,834	PRN		SOLE	0	29,834	0	0
SPDR S&P ETF TR	TR UNIT	78462F103	1,423	4,615	PRN		SOLE	0	4,615	0	0
SPDR S&P ETF TR	TR UNIT	78464A698	440	11,465	PRN		SOLE	0	11,465	0	0
FIRST TR EXCH TRADED FD III	INSTL PFD SECS	33739P855	5,752	305,337	PRN		SOLE	0	305,337	0	0
INVESTCO EXCH TRADED FD TR II	PFD ETF	46138E511	289	20,480	PRN		SOLE	0	20,480	0	0
ISHARES TR	PFD AND INCM SEC	464288687	667	19,278	PRN		SOLE	0	19,278	0	0
ALEXANDRIA REAL ESTATE	COM	015271109	2,702	16,659	SH		SOLE	0	16,659	0	0
AMERICAN FIN TR INC	COM CLASS A	02607T109	6,892	868,561	PRN		SOLE	0	868,561	0	0
AMERICAN TOWER CORP	COM	03027X100	3,346	12,942	SH		SOLE	0	12,942	0	0
AVALONBAY COMMUNITIES	COM	053484101	869	5,623	SH		SOLE	0	5,623	0	0
BLUEROCK RESIDENTIAL GROUP	COM	09627J102	566	70,103	SH		SOLE	0	70,103	0	0
BOSTON PROPERTIES INC	COM	101121101	993	10,989	SH		SOLE	0	10,989	0	0
CAMDEN PROPERTY TRUST	COM	133131102	657	7,209	SH		SOLE	0	7,209	0	0
CORESITE REALTY CORP	COM	21870Q105	220	1,822	SH		SOLE	0	1,822	0	0
CROWN CASTLE INTERNATIONAL CORP	COM	22822V101	635	3,797	SH		SOLE	0	3,797	0	0
EQUINIX INC	COM	29444U700	2,545	3,625	SH		SOLE	0	3,625	0	0
EQUITY LIFESTYLE PPTYS	COM	29472R108	1,350	21,610	SH		SOLE	0	21,610	0	0
ESSEX PROPERTY TRUST	COM	297178105	1,220	5,326	SH		SOLE	0	5,326	0	0
EXTRA SPACE STORAGE	COM	30225T102	727	7,872	SH		SOLE	0	7,872	0	0
GLOBAL MEDICAL REIT INC	COM	37954A204	7,114	627,899	SH		SOLE	0	627,899	0	0
HUDSON PACIFIC PROPERTIES INC	COM	444097109	4,892	194,448	SH		SOLE	0	194,448	0	0
INDEPENDENCE REALTY TRUST INC	COM	45378A106	9,188	799,736	SH		SOLE	0	799,736	0	0
INVITATION HOMES INC	COM	46187W107	1,206	43,827	SH		SOLE	0	43,827	0	0
JERNIGAN CAPITAL INC	COM	476405105	5,864	428,697	SH		SOLE	0	428,697	0	0
KILROY REALTY CORP	COM	49427F108	627	10,687	SH		SOLE	0	10,687	0	0
KIMCO REALTY CORP	COM	49446R109	595	46,371	SH		SOLE	0	46,371	0	0
MID-AMERICA APARTMENT COMMUNITIES	COM	59522J103	777	6,784	SH		SOLE	0	6,784	0	0
PEBBLEBROOK HOTEL	COM	70509V100	5,342	391,101	SH		SOLE	0	391,101	0	0
PROLOGIS	COM	74340W103	2,807	30,086	SH		SOLE	0	30,086	0	0
PUBLIC STORAGE INC	COM	74460D109	645	3,365	SH		SOLE	0	3,365	0	0
QTS REALTY TRUST INC	COM	74736A103	6,950	108,443	SH		SOLE	0	108,443	0	0
REGENCY CTRS CORP	COM	758849103	670	14,611	SH		SOLE	0	14,611	0	0
RETAIL OPPORTUNITY INVESTMENTS	COM	76131N101	2,533	223,594	SH		SOLE	0	223,594	0	0
REXFORD INDUSTRIAL REALTY	COM	76169C100	2,275	54,934	SH		SOLE	0	54,934	0	0
RYMAN HOSPITALITY PROPERTIES INC	COM	78377T107	320	9,251	SH		SOLE	0	9,251	0	0
SABRA HEALTH CARE REIT	COM	78573L106	4,532	314,088	SH		SOLE	0	314,088	0	0
SIMON PROPERTY GROUP	COM	828806109	1,239	18,121	SH		SOLE	0	18,121	0	0
SL GREEN REALTY	COM	78440X101	711	14,442	SH		SOLE	0	14,442	0	0
STORE CAPITAL CORPORATION	COM	862121100	1,212	50,938	SH		SOLE	0	50,938	0	0
SUN COMMUNITIES INC	COM	866674104	1,760	12,973	SH		SOLE	0	12,973	0	0
TERRENO REALTY CORPORATION	COM	88146M101	6,781	128,819	SH		SOLE	0	128,819	0	0
WELLTOWER INC	COM	95040Q104	701	13,551	SH		SOLE	0	13,551	0	0
ISHARES TR	U.S. REAL ES ETF	464287739	848	10,763	PRN		SOLE	0	10,763	0	0
SCHWAB STRATEGIC TR	US REIT ETF	808524847	1,600	45,440	PRN		SOLE	0	45,440	0	0
INVESCO EXCHANGE TRADED FD T	S&P SPIN OFF	46137V159	804	21,352	PRN		SOLE	0	21,352	0	0
ISHARES TR	RUS 2000 GRW ETF	464287648	484	2,340	PRN		SOLE	0	2,340	0	0
ISHARES TR	RUS 2000 VAL ETF	464287630	231	2,380	PRN		SOLE	0	2,380	0	0
SCHWAB STRATEGIC TR	US SML CAP ETF	808524607	629	9,632	PRN		SOLE	0	9,632	0	0
VANGUARD SCOTTSDALE FDS	VNG RUS2000IDX	92206C664	1,234	10,696	PRN		SOLE	0	10,696	0	0