Phase 2 Partners, LLC
Regulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
Portfolio style
Measured from the filed 13F common-share book for Dec 31, 2024, never from the firm's own description.
Closest benchmark: the S&P MidCap 400 as of 2024-12-31, active share 98.8%; sector active share 60.8% against the combined 13F book's sector weights.
Over time 13 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
25 tracked positions · as of Dec 31, 2024 · Δ vs Sep 30, 2024Portfolio Trend
Sector Breakdown
As of Dec 31, 2024| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 69.4% | $89,520,580 |
| Real Estate | 6.9% | $8,883,994 |
| Technology | 6.3% | $8,090,664 |
| Consumer Cyclical | 6.1% | $7,845,741 |
| Industrials | 6.0% | $7,773,785 |
| Unclassified | 5.4% | $6,925,476 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| ECPG | Encore Capital Group Inc | +94,684 | 336,193 | $16,059,939 | |
| HCI | HCI Group, Inc. | +18,791 | 61,265 | $7,139,210 | |
| AB | Alliancebernstein Holding L.P. | +14,838 | 75,743 | $2,809,307 | |
| WAL | Western Alliance Bancorporation | +2,421 | 55,258 | $4,616,253 | |
| MTH | Meritage Homes CORP | +2,137 | 35,436 | $5,450,765 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| RPC | Ridgepost Capital, Inc. | −247,143 | 457,585 | $5,770,146 | |
| MCY | Mercury General Corp | −131,056 | 142,899 | $9,499,925 | |
| CG | Carlyle Group Inc. | −108,023 | 63,887 | $3,225,654 | |
| KMPR | KEMPER Corp | −76,953 | 120,441 | $8,002,100 | |
| BOW | Bowhead Specialty Holdings Inc. | −44,403 | 92,294 | $3,278,282 | |
| SKWD | Skyward Specialty Insurance Group, Inc. | −43,947 | 95,500 | $4,826,570 | |
| WT | WisdomTree, Inc. | −41,384 | 591,129 | $6,206,854 | |
| — | −23,590 | 22,285 | $0 | ||
| HHH | Howard Hughes Holdings Inc. | −22,152 | 36,069 | $2,774,427 | |
| WLFC | Willis Lease Finance Corp | −14,973 | 37,455 | $7,773,785 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| — | 359,765 | $6,925,476 | ||
| DFIN | Donnelley Financial Solutions, Inc. | 102,586 | $6,435,219 | |
| CCS | Century Communities, Inc. | 83,282 | $6,109,567 | |
| MCHB | Mechanics Bancorp | 432,514 | $4,939,309 | |
| FHI | Federated Hermes, Inc. | 109,981 | $4,521,318 | |
| SEIC | Sei Investments Co | 38,418 | $3,168,716 | |
| BLK | BlackRock, Inc. | 2,996 | $3,071,229 | |
| HOV | Hovnanian Enterprises Inc | 17,897 | $2,394,976 | |
| RKT | Rocket Companies, Inc. | 211,880 | $2,385,768 | |
| MQ | Marqeta, Inc. | 436,793 | $1,655,445 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| KRC | Kilroy Realty Corp | 250,949 | $9,711,726 | |
| PAX | Patria Investments Ltd | 541,602 | $6,049,694 | |
| CME | Cme Group Inc. | 25,756 | $5,683,061 | |
| FUTU | Futu Holdings Ltd | 59,355 | $5,677,305 | |
| VIRT | Virtu Financial, Inc. | 185,979 | $5,664,920 | |
| Z | Zillow Group, Inc. | 88,000 | $5,618,800 | |
| GCMG | GCM Grosvenor Inc. | 427,394 | $4,838,100 | |
| AER | AerCap Holdings N.V. | 47,270 | $4,477,414 | |
| LINE | Lineage, Inc. | 50,000 | $3,919,000 | |
| ICE | Intercontinental Exchange, Inc. | 21,219 | $3,408,620 | |
| No positions match the current search. | ||||
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| ECPG |
Encore Capital Group Inc
Financial Services
|
Added | 336,193 | $16,059,939 | 12.45% | |
| MCY |
Mercury General Corp
Financial Services
|
Reduced | 142,899 | $9,499,925 | 7.36% | |
| KMPR |
KEMPER Corp
Financial Services
|
Reduced | 120,441 | $8,002,100 | 6.20% | |
| WLFC |
Willis Lease Finance Corp
Industrials
|
Reduced | 37,455 | $7,773,785 | 6.02% | |
| HCI |
HCI Group, Inc.
Financial Services
|
Added | 61,265 | $7,139,210 | 5.53% | |
|
|
NEW | 359,765 | $6,925,476 | 5.37% | ||
| DFIN |
Donnelley Financial Solutions, Inc.
Technology
|
NEW | 102,586 | $6,435,219 | 4.99% | |
| WT |
WisdomTree, Inc.
Financial Services
|
Reduced | 591,129 | $6,206,854 | 4.81% | |
| CCS |
Century Communities, Inc.
Real Estate
|
NEW | 83,282 | $6,109,567 | 4.73% | |
| RPC |
Ridgepost Capital, Inc.
Financial Services
|
Reduced | 457,585 | $5,770,146 | 4.47% | |
| MTH |
Meritage Homes CORP
Consumer Cyclical
|
Added | 35,436 | $5,450,765 | 4.22% | |
| MCHB |
Mechanics Bancorp
Financial Services
|
NEW | 432,514 | $4,939,309 | 3.83% | |
| SKWD |
Skyward Specialty Insurance Group, Inc.
Financial Services
|
Reduced | 95,500 | $4,826,570 | 3.74% | |
| WAL |
Western Alliance Bancorporation
Financial Services
|
Added | 55,258 | $4,616,253 | 3.58% | |
| FHI |
Federated Hermes, Inc.
Financial Services
|
NEW | 109,981 | $4,521,318 | 3.50% | |
| BOW |
Bowhead Specialty Holdings Inc.
Financial Services
|
Reduced | 92,294 | $3,278,282 | 2.54% | |
| CG |
Carlyle Group Inc.
Financial Services
|
Reduced | 63,887 | $3,225,654 | 2.50% | |
| SEIC |
Sei Investments Co
Financial Services
|
NEW | 38,418 | $3,168,716 | 2.46% | |
| BLK |
BlackRock, Inc.
Financial Services
|
NEW | 2,996 | $3,071,229 | 2.38% | |
| AB |
Alliancebernstein Holding L.P.
Financial Services
|
Added | 75,743 | $2,809,307 | 2.18% | |
| HHH |
Howard Hughes Holdings Inc.
Real Estate
|
Reduced | 36,069 | $2,774,427 | 2.15% | |
| HOV |
Hovnanian Enterprises Inc
Consumer Cyclical
|
NEW | 17,897 | $2,394,976 | 1.86% | |
| RKT |
Rocket Companies, Inc.
Financial Services
|
NEW | 211,880 | $2,385,768 | 1.85% | |
| MQ |
Marqeta, Inc.
Technology
|
NEW | 436,793 | $1,655,445 | 1.28% | |
|
|
Reduced | 22,285 | $0 | 0.00% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.