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
ABBOTT LABS	COM	002824100	417	3,810	SH		SOLE	0	3,810	0	0
ABBVIE INC	COM	00287Y109	3,786	35,341	SH		SOLE	0	35,341	0	0
ACTIVISION BLIZZARD INC	COM	00507V109	278	3,000	SH		SOLE	0	3,000	0	0
ADT INC	COM	00090Q103	83	10,700	SH		SOLE	0	10,700	0	0
ADVANCED ENERGY INDS	COM	007973100	5,673	58,505	SH		SOLE	0	58,505	0	0
AIR TRANSPORT SERVICES GROUP INC	COM	00922R105	6,670	212,837	SH		SOLE	0	212,837	0	0
ALEXANDRIA REAL ESTATE	COM	015271109	2,947	16,540	SH		SOLE	0	16,540	0	0
ALPHABET INC	CAP STK CL A	02079K305	1,591	908	PRN		SOLE	0	908	0	0
ALPS ETF TR	CLEAN ENERGY	00162Q460	201	2,520	PRN		SOLE	0	2,520	0	0
AMERICAN EAGLE OUTFITTERS INC	COM	02553E106	7,639	380,645	SH		SOLE	0	380,645	0	0
AMERICAN FIN TR INC	COM CLASS A	02607T109	5,558	748,064	PRN		SOLE	0	748,064	0	0
AMERICAN TOWER CORP NEW	COM	03027X100	2,947	13,133	SH		SOLE	0	13,133	0	0
AMERICOLD RLTY TR	COM	03064D108	663	17,780	SH		SOLE	0	17,780	0	0
AMERIS BANCORP	COM	03076K108	5,165	135,675	SH		SOLE	0	135,675	0	0
API GROUP CORP	COM STK	00187Y100	5,485	302,239	PRN		SOLE	0	302,239	0	0
APPLE INC	COM	037833100	2,677	20,176	SH		SOLE	0	20,176	0	0
ARCONIC CORP	COM	03966V107	3,438	115,389	SH		SOLE	0	115,389	0	0
ARK ETF TR	INNOVATION ETF	00214Q104	226	1,820	PRN		SOLE	0	1,820	0	0
ARMADA HOFFLER PPTYS	COM	04208T108	6,180	550,855	SH		SOLE	0	550,855	0	0
ASBURY AUTOMOTIVE GROUP INC	COM	043436104	8,774	60,206	SH		SOLE	0	60,206	0	0
AT&T INC	COM	00206R102	395	137,519,191	SH		SOLE	0	137,519,191	0	0
ATKORE INTERNATIONAL GROUP INC	COM	047649108	5,774	140,459	SH		SOLE	0	140,459	0	0
ATLANTIC CAP BANCSHARES INC	COM	048269203	175	11,047	SH		SOLE	0	11,047	0	0
ATLANTIC UN BANKSHARES CORP	COM	04911A107	7,446	226,074	SH		SOLE	0	226,074	0	0
AVALONBAY CMNTYS INC	COM	053484101	808	5,041	SH		SOLE	0	5,041	0	0
AVANOS MED INC	COM	05350V106	6,516	142,037	SH		SOLE	0	142,037	0	0
AVIENT CORP	COM	05368V106	7,533	187,019	SH		SOLE	0	187,019	0	0
BANCORP INC DEL	COM	05969A105	5,626	412,181	SH		SOLE	0	412,181	0	0
BANNER CORP	COM NEW	06652V208	2,362	50,713	PRN		SOLE	0	50,713	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	450	1,945	PRN		SOLE	0	1,945	0	0
BIOTELEMETRY INC	COM	090672106	3,927	54,484	SH		SOLE	0	54,484	0	0
BJS RESTAURANTS INC	COM	09180C106	3,539	91,964	SH		SOLE	0	91,964	0	0
BK OF AMERICA CORP	COM	060505104	207	6,830	SH		SOLE	0	6,830	0	0
BLACK HILLS CORP	COM	092113109	5,477	89,130	SH		SOLE	0	89,130	0	0
BLACKSTONE MTG TR INC	COM CL A	09257W100	7,534	273,687	PRN		SOLE	0	273,687	0	0
BLUEROCK RESIDENTIAL GWT REI	COM CL A	09627J102	895	70,653	PRN		SOLE	0	70,653	0	0
BMC STK HLDGS INC	COM	05591B109	7,812	145,544	SH		SOLE	0	145,544	0	0
BOOT BARN HLDGSINC	COM	099406100	8,903	205,338	SH		SOLE	0	205,338	0	0
BOSTON PROPERTIES INC	COM	101121101	974	10,313	SH		SOLE	0	10,313	0	0
BRIGHTVIEW HLDGSINC	COM	10948C107	5,730	378,987	SH		SOLE	0	378,987	0	0
CAMDEN PPTY TR	SH BEN INT	133131102	725	7,257	PRN		SOLE	0	7,257	0	0
CHAMPION X CORPORATION	COM	15872M104	9,200	601,363	SH		SOLE	0	601,363	0	0
CHEMBIO DIAGNOSTICS INC	COM	163572209	95	20,000	SH		SOLE	0	20,000	0	0
CHEVRON CORP NEW	COM	166764100	274	3,246	SH		SOLE	0	3,246	0	0
CIRRUS LOGICINC	COM	172755100	3,179	38,679	SH		SOLE	0	38,679	0	0
CITIGROUP INC	COM NEW	172967424	237	3,857	PRN		SOLE	0	3,857	0	0
CLEARWAY ENERGYINC	CL C	18539C204	8,780	275,003	PRN		SOLE	0	275,003	0	0
COHERUS BIOSCIENCESINC	COM	19249H103	1,783	102,615	SH		SOLE	0	102,615	0	0
COLGATE PALMOLIVE CO	COM	194162103	849	9,930	SH		SOLE	0	9,930	0	0
CORESITE RLTY CORP	COM	21870Q105	222	1,774	SH		SOLE	0	1,774	0	0
COSTCO WHSL CORP NEW	COM	22160K105	313	833	SH		SOLE	0	833	0	0
CROWN CASTLE INTL CORP NEW	COM	22822V101	609	3,829	SH		SOLE	0	3,829	0	0
CVS HEALTH CORP	COM	126650100	212	3,105	SH		SOLE	0	3,105	0	0
DANA INC	COM	235825205	6,356	325,638	SH		SOLE	0	325,638	0	0
DISNEY WALT CO	COM	254687106	1,120	61,817,986	SH		SOLE	0	61,817,986	0	0
DOVER CORP	COM	260003108	729	5,775	SH		SOLE	0	5,775	0	0
DUKE ENERGY CORP	COM NEW	26441C204	471	5,151	PRN		SOLE	0	5,151	0	0
EATON CORP	SHS	G29183103	806	6,715	PRN		SOLE	0	6,715	0	0
EDGEWELL PERS CARE CO	COM	28035Q102	2,628	76,007	SH		SOLE	0	76,007	0	0
EMERGENT BIOSOLUTIONS INC	COM	29089Q105	2,852	31,837	SH		SOLE	0	31,837	0	0
ENTERPRISE FINL SVCS CORP	COM	293712105	6,903	197,533	SH		SOLE	0	197,533	0	0
EQUINIXINC	COM	29444U700	2,653	3,716	SH		SOLE	0	3,716	0	0
EQUITY LIFESTYLE PPTYS INC	COM	29472R108	1,369	21,610	SH		SOLE	0	21,610	0	0
ESSEX PPTY TR INC	COM	297178105	632	2,665	SH		SOLE	0	2,665	0	0
EXTRA SPACE STORAGE	COM	30225T102	1,698	14,656	SH		SOLE	0	14,656	0	0
FB FINL CORP	COM	30257X104	3,012	86,744	SH		SOLE	0	86,744	0	0
FEDERAL SIGNAL CORP	COM	313855108	3,491	105,251	SH		SOLE	0	105,251	0	0
FERRO CORP	COM	315405100	5,366	366,781	SH		SOLE	0	366,781	0	0
FIRST MERCHANTS CORP	COM	320817109	6,315	168,830	SH		SOLE	0	168,830	0	0
FIRST REP BK SAN FRANCISCO C	COM	33616C100	1,211	8,244	SH		SOLE	0	8,244	0	0
FIRST TR EXCH TRADED FD III	INSTL PFD SECS	33739P855	6,739	330,712	PRN		SOLE	0	330,712	0	0
FLEXION THERAPEUTICSINC	COM	33938J106	2,661	230,624	SH		SOLE	0	230,624	0	0
FNB CORP	COM	302520101	7,379	776,825	SH		SOLE	0	776,825	0	0
FULLER H B CO	COM	359694106	4,660	89,835	SH		SOLE	0	89,835	0	0
GALLAGHER ARTHUR J &CO	COM	363576109	426	3,450	SH		SOLE	0	3,450	0	0
GIBRALTAR INDS INC	COM	374689107	3,291	45,747	SH		SOLE	0	45,747	0	0
G-III APPAREL GROUPLTD	COM	36237H101	3,609	152,060	SH		SOLE	0	152,060	0	0
GLOBAL MED REIT INC	COM NEW	37954A204	6,272	480,264	PRN		SOLE	0	480,264	0	0
GREAT WESTERN BANCORPINC	COM	391416104	3,751	179,520	SH		SOLE	0	179,520	0	0
HEALTHPEAK PPTYS INC	COM	42250P103	844	27,925	SH		SOLE	0	27,925	0	0
HECLA MNG CO	COM	422704106	2,436	375,983	SH		SOLE	0	375,983	0	0
HERITAGE INS HLDGS INC	COM	42727J102	5,099	503,449	SH		SOLE	0	503,449	0	0
HILTON GRAND VA	COM	43283X105	4,567	145,692	SH		SOLE	0	145,692	0	0
HOSTESS BRANDSINC	CL A	44109J106	5,265	359,674	PRN		SOLE	0	359,674	0	0
HUB GROUP INC	CL A	443320106	4,885	85,718	PRN		SOLE	0	85,718	0	0
HUDSON PAC PPTYS INC	COM	444097109	3,685	153,415	SH		SOLE	0	153,415	0	0
ICU MED INC	COM	44930G107	3,258	15,191	SH		SOLE	0	15,191	0	0
INDEPENDENCE RLTY INC	COM	45378A106	8,815	656,439	SH		SOLE	0	656,439	0	0
INDEPENDENT BK GROUP INC	COM	45384B106	9,566	153,014	SH		SOLE	0	153,014	0	0
INNOVATIVE INDL PPTYS INC	COM	45781V101	211	1,153	SH		SOLE	0	1,153	0	0
INTEGER HLDGS CORP	COM	45826H109	2,922	35,998	SH		SOLE	0	35,998	0	0
INTEL CORP	Common Stocks	458140100	324	6,518	PRN		SOLE	0	6,518	0	0
INVESCO EXCH TRADED FD TR II	PFD ETF	46138E511	312	20,480	PRN		SOLE	0	20,480	0	0
INVESCO EXCHANGE TRADED FD T	S&P EQL WGT	46137V357	923	7,240	PRN		SOLE	0	7,240	0	0
INVESCO EXCHANGE TRADED FD T	S&P500 EQL TEC	46137V282	366	1,447	PRN		SOLE	0	1,447	0	0
INVESCO EXCHANGE TRADED FD T	S&P SPIN OFF	46137V159	1,050	189,520,006	PRN		SOLE	0	189,520,006	0	0
INVESCO QQQ TR	UNIT SER 1	46090E103	362	1,156	PRN		SOLE	0	1,156	0	0
INVITATION HOMESINC	COM	46187W107	1,311	44,148	SH		SOLE	0	44,148	0	0
ISHARES RUSSELL 2000 GROWTH	RUS 2000 GRW ETF	464287648	209	3,000	PRN		SOLE	0	3,000	0	0
ISHARES TR	PHLX SEMICND ETF	464287523	860	552	PRN		SOLE	0	552	0	0
ISHARES TR	MSCI EAFE ETF	464287465	917	12,570	PRN		SOLE	0	12,570	0	0
ISHARES TR	RUS 1000 GRW ETF	464287622	292	1,380	PRN		SOLE	0	1,380	0	0
ISHARES TR	RUS MID CAP ETF	464287499	1,386	20,228	PRN		SOLE	0	20,228	0	0
ISHARES TR	RUS MDCP VAL ETF	464287473	385	3,973	PRN		SOLE	0	3,973	0	0
ISHARES TR	US REGNL BKS ETF	464288778	240	5,295	PRN		SOLE	0	5,295	0	0
ISHARES TR	PFD AND INCM SEC	464288687	785	20,403	PRN		SOLE	0	20,403	0	0
ISHARES TR	US REAL ES ETF	464287739	933	109,034,346	PRN		SOLE	0	109,034,346	0	0
ISHARES TR	RUS 2000 VAL ETF	464287630	495	3,760	PRN		SOLE	0	3,760	0	0
JOHNSON & JOHNSON	COM	478160104	1,950	123,933,583	SH		SOLE	0	123,933,583	0	0
JPMORGAN CHASE & CO	COM	46625H100	1,053	8,293	SH		SOLE	0	8,293	0	0
KADANT INC	COM	48282T104	5,953	42,229	SH		SOLE	0	42,229	0	0
KAMAN CORP	COM	483548103	2,706	47,368	SH		SOLE	0	47,368	0	0
KARYOPHARM THERAPEUTICSINC	COM	48576U106	2,180	140,867	SH		SOLE	0	140,867	0	0
KBR INC	COM	48242W106	2,737	88,517	SH		SOLE	0	88,517	0	0
KFORCE INC	COM	493732101	5,370	127,600	SH		SOLE	0	127,600	0	0
KIMCO RLTY CORP	COM	49446R109	697	46,455	SH		SOLE	0	46,455	0	0
KOHLS CORPORATION	COM	500255104	6,371	156,583	SH		SOLE	0	156,583	0	0
KOPPERS HLDGS INC	COM	50060P106	3,552	114,021	SH		SOLE	0	114,021	0	0
LA Z BOY INC	COM	505336107	373	134,987	SH		SOLE	0	134,987	0	0
LABORATORY CORP AMERICA HLDGS	COM NEW	50540R409	3,867	1,835	PRN		SOLE	0	1,835	0	0
LADDER CAP CORP	CL A	505743104	299	395,434	PRN		SOLE	0	395,434	0	0
LAMB WESTON HLDGS INC	COM	513272104	5,377	3,803	SH		SOLE	0	3,803	0	0
LOWES COS INC	COM	548661107	365	2,275	SH		SOLE	0	2,275	0	0
MATERION CORP	COM	576690101	5,221	81,946	SH		SOLE	0	81,946	0	0
MERIDIAN BIOSCIENCEINC	COM	589584101	3,329	178,164	SH		SOLE	0	178,164	0	0
META FINL GROUP INC	COM	59100U108	9,122	249,520	SH		SOLE	0	249,520	0	0
METHODE ELECTRS INC	COM	591520200	5,817	151,967	SH		SOLE	0	151,967	0	0
MICROSOFT CORP	COM	594918104	1,627	7,315	SH		SOLE	0	7,315	0	0
MID-AMER APT CMNTYS INC	COM	59522J103	909	7,178	SH		SOLE	0	7,178	0	0
MODINE MFG CO	COM	607828100	4,455	354,735	SH		SOLE	0	354,735	0	0
MYR GROUP INC	COM	55405W104	7,616	126,728	SH		SOLE	0	126,728	0	0
NEENAH INC	COM	640079109	3,289	59,468	SH		SOLE	0	59,468	0	0
NEXSTAR MEDIA GROUP INC	CL A	65336K103	8,635	79,087	PRN		SOLE	0	79,087	0	0
ONEMAIN HLDGS INC	COM	68268W103	9,364	194,450	SH		SOLE	0	194,450	0	0
PACIFIC PREMIER BANCORP	COM	69478X105	8,102	258,618	SH		SOLE	0	258,618	0	0
PARSLEY ENERGYINC	CL A	701877102	8,217	578,685	PRN		SOLE	0	578,685	0	0
PDC ENERGY	COM	69327R101	4,574	222,822	SH		SOLE	0	222,822	0	0
PEBBLEBROOK HOTEL TR	COM	70509V100	6,406	340,766	SH		SOLE	0	340,766	0	0
PENN NATL GAMING INC	COM	707569109	297	3,446	SH		SOLE	0	3,446	0	0
PEPSICO INC	COM	713448108	1,103	7,441	SH		SOLE	0	7,441	0	0
PFIZER INC	COM	717081103	207	5,636	SH		SOLE	0	5,636	0	0
PINNACLE FINL PARTNERSINC	COM	72346Q104	10,821	168,040	SH		SOLE	0	168,040	0	0
PLEXUS CORP	COM	729132100	4,752	60,760	SH		SOLE	0	60,760	0	0
PORTLAND GEN ELEC CO	COM NEW	736508847	3,562	83,295	PRN		SOLE	0	83,295	0	0
PREFERRED BK LOS ANGELES CA	COM NEW	740367404	8,195	162,387	PRN		SOLE	0	162,387	0	0
PRIMERICA	COM	74164M108	5,634	42,070	SH		SOLE	0	42,070	0	0
PROCTER & GAMBLE CO	COM	742718109	803	57,762,629	SH		SOLE	0	57,762,629	0	0
PROGRESS SOFTWARE CORP	COM	743312100	3,738	82,737	SH		SOLE	0	82,737	0	0
PROLOGIS	COM	74340W103	3,001	30,116	SH		SOLE	0	30,116	0	0
PUBLIC STORAGE	COM	74460D109	751	3,255	SH		SOLE	0	3,255	0	0
QTS RLTY TR INC	COM CL A	74736A103	4,235	68,448	PRN		SOLE	0	68,448	0	0
REGENCY CTRS CORP	COM	758849103	667	14,642	SH		SOLE	0	14,642	0	0
RETAIL OPPORTUNITY INVts cor	COM	76131N101	5,184	387,183	SH		SOLE	0	387,183	0	0
REXFORD INDL RLTY INC	COM	76169C100	2,673	54,430	SH		SOLE	0	54,430	0	0
REXNORD CORPORATION	COM	76169B102	6,159	155,981	SH		SOLE	0	155,981	0	0
RUTH`S HOSPITALITY GROUP INC	COM	783332109	3,699	208,654	SH		SOLE	0	208,654	0	0
RYMAN HOSPITALITY PPTYS INC	COM	78377T107	790	11,665	SH		SOLE	0	11,665	0	0
SABRA HEALTH CARE REIT	COM	78573L106	6,428	370,080	SH		SOLE	0	370,080	0	0
SCHWAB STRATEGIC TR	SCHWB FDT INT LG	808524755	230	7,875	PRN		SOLE	0	7,875	0	0
SCHWAB STRATEGIC TR	INTL EQTY ETF	808524805	446	12,389	PRN		SOLE	0	12,389	0	0
SCHWAB STRATEGIC TR	US LRG CAP ETF	808524201	7,639	839,995,126	PRN		SOLE	0	839,995,126	0	0
SCHWAB STRATEGIC TR	US MID-CAP ETF	808524508	763	11,205	PRN		SOLE	0	11,205	0	0
SCHWAB STRATEGIC TR	US BRD MKT ETF	808524102	2,592	28,494	PRN		SOLE	0	28,494	0	0
SCHWAB STRATEGIC TR	US REIT ETF	808524847	1,310	34,502	PRN		SOLE	0	34,502	0	0
SCHWAB STRATEGIC TR	US SML CAP ETF	808524607	750	8,427	PRN		SOLE	0	8,427	0	0
SCIENTIFIC GAMES CORP	COM	80874P109	5,278	127,214	SH		SOLE	0	127,214	0	0
SELECT MED HLDGS CORP	COM	81619Q105	4,347	157,181	SH		SOLE	0	157,181	0	0
SIMON PPTY GROUP INC NEW	COM	828806109	1,458	17,105	SH		SOLE	0	17,105	0	0
SKYWEST INC	COM	830879102	2,798	69,423	SH		SOLE	0	69,423	0	0
SKYWORKS SOLUTIONS INC	COM	83088M102	252	1,650	SH		SOLE	0	1,650	0	0
SL GREEN RLTY CORP	COM	78440X101	861	14,455	SH		SOLE	0	14,455	0	0
SOUTH JERSEY INDS INC	COM	838518108	5,152	239,115	SH		SOLE	0	239,115	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	658	1,760	PRN		SOLE	0	1,760	0	0
SPDR SER TR	S&P REGL BKG	78464A698	750	14,455	PRN		SOLE	0	14,455	0	0
SPECTRUM BRANDS HLDGSINC NE	COM	84790A105	8,820	111,684	SH		SOLE	0	111,684	0	0
STANDEX INTL CORP	COM	854231107	2,697	34,798	SH		SOLE	0	34,798	0	0
STERLING BANCORP DEL	COM	85917A100	10,547	586,624	SH		SOLE	0	586,624	0	0
STERLING CONSTR INC	COM	859241101	7,315	393,097	SH		SOLE	0	393,097	0	0
STIFEL FINL CORP	COM	860630102	8,077	160,083	SH		SOLE	0	160,083	0	0
STONEX GROUP INC	COM	861896108	2,916	50,377	SH		SOLE	0	50,377	0	0
STORE CAP CORP	COM	862121100	1,691	49,784	SH		SOLE	0	49,784	0	0
SUN CMNTY INC	COM	866674104	1,981	13,042	SH		SOLE	0	13,042	0	0
SYNAPTICS INC	COM	87157D109	3,299	34,225	SH		SOLE	0	34,225	0	0
TEGNAINC	COM	87901J105	2,150	154,133	SH		SOLE	0	154,133	0	0
TERRENO RLTY CORP	COM	88146M101	5,724	97,837	SH		SOLE	0	97,837	0	0
TOPBUILD CORP	COM	89055F103	2,878	15,638	SH		SOLE	0	15,638	0	0
TPI COMPOSITESINC	COM	87266J104	7,774	147,309	SH		SOLE	0	147,309	0	0
TRI POINTE GROUP INC	COM	87266J104	4,329	250,959	SH		SOLE	0	250,959	0	0
TRIUMPH BANCORPINC	COM	89679E300	4,893	100,797	SH		SOLE	0	100,797	0	0
UMPQUA HLDGS CORP	COM	904214103	6,925	457,433	SH		SOLE	0	457,433	0	0
UNISYS CORPORATION	COM NEW	909214306	4,604	233,982	PRN		SOLE	0	233,982	0	0
VANGUARD INDEX FD	MCAP VL IDXVIP	922908512	844	7,100	PRN		SOLE	0	7,100	0	0
WEYERHAEUSER CO MTN BE	COM NEW	962166104	972	28,997	PRN		SOLE	0	28,997	0	0