Filed: 2/14/2025ACC: 0001214659-25-002843
📋 What this filing means
PHASE 2 PARTNERS, LLC filed this quarterly 13F‑HR report disclosing 26 equity positions with a total reported market value of $133.23M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
26
Positions
$133.23M
Total AUM (reported)
4.28M
Total Shares
Allocation by class
COM$103.16M77.4%
COM CL A$8.16M6.1%
ORD SHS$6.93M5.2%
CL B$4.52M3.4%
COM SHS$3.28M2.5%
UNIT LTD PARTN$2.81M2.1%
CL A NEW$2.39M1.8%
Portfolio Concentration
Top 3$33.56M25.2%
4–10$46.36M34.8%
11–25$52.98M39.8%
Rest$329.0K0.2%
Top 3 weight
25.2%
Top 10 weight
60.0%
Voting Authority Distribution
Total shares with voting rights: 4.28M
Sole
Full voting authority
4.28M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole26
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings26
Rows:
ENCORE CAP GROUP INC
SOLEShares336.19K
TypeSH
Market value$16.06M
12.05%
Sole
336.19K
Shared
0.00
None
0.00
MERCURY GENL CORP NEW
SOLEShares142.90K
TypeSH
Market value$9.50M
7.13%
Sole
142.90K
Shared
0.00
None
0.00
KEMPER CORP
SOLEShares120.44K
TypeSH
Market value$8.00M
6.01%
Sole
120.44K
Shared
0.00
None
0.00
WILLIS LEASE FIN CORP
SOLEShares37.45K
TypeSH
Market value$7.77M
5.83%
Sole
37.45K
Shared
0.00
None
0.00
HCI GROUP INC
SOLEShares61.27K
TypeSH
Market value$7.14M
5.36%
Sole
61.27K
Shared
0.00
None
0.00
DESPEGAR COM CORP
SOLEShares359.76K
TypeSH
Market value$6.93M
5.20%
Sole
359.76K
Shared
0.00
None
0.00
DONNELLEY FINL SOLUTIONS INC
SOLEShares102.59K
TypeSH
Market value$6.44M
4.83%
Sole
102.59K
Shared
0.00
None
0.00
WISDOMTREE INC
SOLEShares591.13K
TypeSH
Market value$6.21M
4.66%
Sole
591.13K
Shared
0.00
None
0.00
CENTURY CMNTYS INC
SOLEShares83.28K
TypeSH
Market value$6.11M
4.59%
Sole
83.28K
Shared
0.00
None
0.00
P10 INC
SOLEShares457.58K
TypeSH
Market value$5.77M
4.33%
Sole
457.58K
Shared
0.00
None
0.00
MERITAGE HOMES CORP
SOLEShares35.44K
TypeSH
Market value$5.45M
4.09%
Sole
35.44K
Shared
0.00
None
0.00
HOMESTREET INC
SOLEShares432.51K
TypeSH
Market value$4.94M
3.71%
Sole
432.51K
Shared
0.00
None
0.00
SKYWARD SPECIALTY INS GROUP
SOLEShares95.50K
TypeSH
Market value$4.83M
3.62%
Sole
95.50K
Shared
0.00
None
0.00
WESTERN ALLIANCE BANCORP
SOLEShares55.26K
TypeSH
Market value$4.62M
3.46%
Sole
55.26K
Shared
0.00
None
0.00
FEDERATED HERMES INC
SOLEShares109.98K
TypeSH
Market value$4.52M
3.39%
Sole
109.98K
Shared
0.00
None
0.00
DISCOVER FINL SVCS
SOLEShares22.29K
TypeSH
Market value$3.86M
2.90%
Sole
22.29K
Shared
0.00
None
0.00
BOWHEAD SPECIALTY HLDGS INC
SOLEShares92.29K
TypeSH
Market value$3.28M
2.46%
Sole
92.29K
Shared
0.00
None
0.00
CARLYLE GROUP INC
SOLEShares63.89K
TypeSH
Market value$3.23M
2.42%
Sole
63.89K
Shared
0.00
None
0.00
SEI INVTS CO
SOLEShares38.42K
TypeSH
Market value$3.17M
2.38%
Sole
38.42K
Shared
0.00
None
0.00
BLACKROCK INC
SOLEShares3K
TypeSH
Market value$3.07M
2.31%
Sole
3K
Shared
0.00
None
0.00
ALLIANCEBERNSTEIN HLDG L P
SOLEShares75.74K
TypeSH
Market value$2.81M
2.11%
Sole
75.74K
Shared
0.00
None
0.00
HOWARD HUGHES HOLDINGS INC
SOLEShares36.07K
TypeSH
Market value$2.77M
2.08%
Sole
36.07K
Shared
0.00
None
0.00
HOVNANIAN ENTERPRISES INC
SOLEShares17.90K
TypeSH
Market value$2.39M
1.80%
Sole
17.90K
Shared
0.00
None
0.00
ROCKET COS INC
SOLEShares211.88K
TypeSH
Market value$2.39M
1.79%
Sole
211.88K
Shared
0.00
None
0.00
MARQETA INC
SOLEShares436.79K
TypeSH
Market value$1.66M
1.24%
Sole
436.79K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ENCORE CAP GROUP INCSOLE | COM | 336.19K | SH | $16.06M 12.05% | 336.19K | 0.00 | 0.00 |
MERCURY GENL CORP NEWSOLE | COM | 142.90K | SH | $9.50M 7.13% | 142.90K | 0.00 | 0.00 |
KEMPER CORPSOLE | COM | 120.44K | SH | $8.00M 6.01% | 120.44K | 0.00 | 0.00 |
WILLIS LEASE FIN CORPSOLE | COM | 37.45K | SH | $7.77M 5.83% | 37.45K | 0.00 | 0.00 |
HCI GROUP INCSOLE | COM | 61.27K | SH | $7.14M 5.36% | 61.27K | 0.00 | 0.00 |
DESPEGAR COM CORPSOLE | ORD SHS | 359.76K | SH | $6.93M 5.20% | 359.76K | 0.00 | 0.00 |
DONNELLEY FINL SOLUTIONS INCSOLE | COM | 102.59K | SH | $6.44M 4.83% | 102.59K | 0.00 | 0.00 |
WISDOMTREE INCSOLE | COM | 591.13K | SH | $6.21M 4.66% | 591.13K | 0.00 | 0.00 |
CENTURY CMNTYS INCSOLE | COM | 83.28K | SH | $6.11M 4.59% | 83.28K | 0.00 | 0.00 |
P10 INCSOLE | COM CL A | 457.58K | SH | $5.77M 4.33% | 457.58K | 0.00 | 0.00 |
MERITAGE HOMES CORPSOLE | COM | 35.44K | SH | $5.45M 4.09% | 35.44K | 0.00 | 0.00 |
HOMESTREET INCSOLE | COM | 432.51K | SH | $4.94M 3.71% | 432.51K | 0.00 | 0.00 |
SKYWARD SPECIALTY INS GROUPSOLE | COM | 95.50K | SH | $4.83M 3.62% | 95.50K | 0.00 | 0.00 |
WESTERN ALLIANCE BANCORPSOLE | COM | 55.26K | SH | $4.62M 3.46% | 55.26K | 0.00 | 0.00 |
FEDERATED HERMES INCSOLE | CL B | 109.98K | SH | $4.52M 3.39% | 109.98K | 0.00 | 0.00 |
DISCOVER FINL SVCSSOLE | COM | 22.29K | SH | $3.86M 2.90% | 22.29K | 0.00 | 0.00 |
BOWHEAD SPECIALTY HLDGS INCSOLE | COM SHS | 92.29K | SH | $3.28M 2.46% | 92.29K | 0.00 | 0.00 |
CARLYLE GROUP INCSOLE | COM | 63.89K | SH | $3.23M 2.42% | 63.89K | 0.00 | 0.00 |
SEI INVTS COSOLE | COM | 38.42K | SH | $3.17M 2.38% | 38.42K | 0.00 | 0.00 |
BLACKROCK INCSOLE | COM | 3K | SH | $3.07M 2.31% | 3K | 0.00 | 0.00 |
ALLIANCEBERNSTEIN HLDG L PSOLE | UNIT LTD PARTN | 75.74K | SH | $2.81M 2.11% | 75.74K | 0.00 | 0.00 |
HOWARD HUGHES HOLDINGS INCSOLE | COM | 36.07K | SH | $2.77M 2.08% | 36.07K | 0.00 | 0.00 |
HOVNANIAN ENTERPRISES INCSOLE | CL A NEW | 17.90K | SH | $2.39M 1.80% | 17.90K | 0.00 | 0.00 |
ROCKET COS INCSOLE | COM CL A | 211.88K | SH | $2.39M 1.79% | 211.88K | 0.00 | 0.00 |
MARQETA INCSOLE | CLASS A COM | 436.79K | SH | $1.66M 1.24% | 436.79K | 0.00 | 0.00 |
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