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Phase 2 Partners, LLC

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13F filer, CIK 1841126, San Francisco, CA

Phase 2 Partners, LLC reported $189,341,732 across 21 holdings for the quarter ended 2023-12-31, in a 13F-HR filed 2024-02-14. Its ten largest share positions make up 62.44% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001214659-24-002831

Period
2023-12-31
Reported value
$189M
Holdings
21
Top 10 weight
62.44%
New
12
Sold out
11

Largest buys vs the previous quarter

SecurityShares changeApprox. value
ALLnew+83,664$11.7M
Cnew+225,112$11.6M
KRCnew+224,802$8.96M
GPNnew+65,895$8.37M
TWOnew+581,871$8.11M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
BILLexited-132,761-$14.4M
QTWOexited-410,145-$13.2M
MTGexited-725,508-$12.1M
RDNexited-445,030-$11.2M
ENVESTNET INCreduced-222,789-$11M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2023

Share positions as resolved from 13F-HR 0001214659-24-002831, largest first. % of portfolio is the value over $189,341,732, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
KMPRKEMPER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2022Q1: restricted; 2022Q2: restricted; 2022Q3: restricted; 2022Q4: restricted; 2023Q1: 194,990 shares; 2023Q2: 142,595 shares; 2023Q3: 344,758 shares; 2023Q4: 387,675 shares 387,675$18.9M9.97%+42,917Timeline
FLYWFLYWIRE CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2022Q1: restricted; 2022Q2: restricted; 2022Q3: restricted; 2022Q4: restricted; 2023Q1: 143,893 shares; 2023Q2: 560,732 shares; 2023Q3: 343,776 shares; 2023Q4: 691,273 shares 691,273$16M8.45%+347,497Timeline
ENVESTNET INCENVESTNET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2022Q1: restricted; 2022Q2: restricted; 2022Q3: restricted; 2022Q4: restricted; 2023Q1: not reported; 2023Q2: 245,487 shares; 2023Q3: 541,275 shares; 2023Q4: 318,486 shares 318,486$15.8M8.33%-222,789
ALLALLSTATE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2022Q1: restricted; 2022Q2: restricted; 2022Q3: restricted; 2022Q4: restricted; 2023Q1: not reported; 2023Q2: not reported; 2023Q3: not reported; 2023Q4: 83,664 shares 83,664$11.7M6.19%newTimeline
CCITIGROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2022Q1: restricted; 2022Q2: restricted; 2022Q3: restricted; 2022Q4: restricted; 2023Q1: not reported; 2023Q2: not reported; 2023Q3: not reported; 2023Q4: 225,112 shares 225,112$11.6M6.12%newTimeline
BXPBXP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2022Q1: restricted; 2022Q2: restricted; 2022Q3: restricted; 2022Q4: restricted; 2023Q1: not reported; 2023Q2: 180,156 shares; 2023Q3: 216,291 shares; 2023Q4: 138,757 shares 138,757$9.74M5.14%-77,534Timeline
INVHINVITATION HOMES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2022Q1: restricted; 2022Q2: restricted; 2022Q3: restricted; 2022Q4: restricted; 2023Q1: not reported; 2023Q2: not reported; 2023Q3: 398,046 shares; 2023Q4: 267,434 shares 267,434$9.12M4.82%-130,612Timeline
KRCKILROY REALTY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2022Q1: restricted; 2022Q2: restricted; 2022Q3: restricted; 2022Q4: restricted; 2023Q1: not reported; 2023Q2: not reported; 2023Q3: not reported; 2023Q4: 224,802 shares 224,802$8.96M4.73%newTimeline
GPNGLOBAL PMTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2022Q1: restricted; 2022Q2: restricted; 2022Q3: restricted; 2022Q4: restricted; 2023Q1: not reported; 2023Q2: not reported; 2023Q3: not reported; 2023Q4: 65,895 shares 65,895$8.37M4.42%newTimeline
TWOTWO HARBORS INVENTMENT CORPOQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2022Q1: restricted; 2022Q2: restricted; 2022Q3: restricted; 2022Q4: restricted; 2023Q1: not reported; 2023Q2: not reported; 2023Q3: not reported; 2023Q4: 581,871 shares 581,871$8.11M4.28%newTimeline
WALWESTERN ALLIANCE BANCORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2022Q1: restricted; 2022Q2: restricted; 2022Q3: restricted; 2022Q4: restricted; 2023Q1: 471,595 shares; 2023Q2: 297,282 shares; 2023Q3: not reported; 2023Q4: 120,914 shares 120,914$7.95M4.2%newTimeline
FAFFIRST AMERN FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2022Q1: restricted; 2022Q2: restricted; 2022Q3: restricted; 2022Q4: restricted; 2023Q1: not reported; 2023Q2: not reported; 2023Q3: not reported; 2023Q4: 119,127 shares 119,127$7.68M4.05%newTimeline
WTWISDOMTREE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2022Q1: restricted; 2022Q2: restricted; 2022Q3: restricted; 2022Q4: restricted; 2023Q1: 447,684 shares; 2023Q2: 1,311,449 shares; 2023Q3: 905,176 shares; 2023Q4: 1,085,748 shares 1,085,748$7.52M3.97%+180,572Timeline
ICEINTERCONTINENTAL EXCHANGE INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2022Q1: restricted; 2022Q2: restricted; 2022Q3: restricted; 2022Q4: restricted; 2023Q1: not reported; 2023Q2: not reported; 2023Q3: not reported; 2023Q4: 56,578 shares 56,578$7.27M3.84%newTimeline
SSNCSS&C TECH HLDGSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2022Q1: restricted; 2022Q2: restricted; 2022Q3: restricted; 2022Q4: restricted; 2023Q1: 200,943 shares; 2023Q2: 202,062 shares; 2023Q3: not reported; 2023Q4: 116,696 shares 116,696$7.13M3.77%newTimeline
FCFSFIRSTCASH HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2022Q1: restricted; 2022Q2: restricted; 2022Q3: restricted; 2022Q4: restricted; 2023Q1: not reported; 2023Q2: not reported; 2023Q3: 109,262 shares; 2023Q4: 62,843 shares 62,843$6.81M3.6%-46,419Timeline
ZZILLOW GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2022Q1: restricted; 2022Q2: restricted; 2022Q3: restricted; 2022Q4: restricted; 2023Q1: not reported; 2023Q2: not reported; 2023Q3: not reported; 2023Q4: 104,376 shares 104,376$6.04M3.19%newTimeline
ABALLIANCEBERNSTEIN HLDG L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2022Q1: restricted; 2022Q2: restricted; 2022Q3: restricted; 2022Q4: restricted; 2023Q1: 196,063 shares; 2023Q2: 342,957 shares; 2023Q3: 354,687 shares; 2023Q4: 185,006 shares 185,006$5.74M3.03%-169,681Timeline
DEIDOUGLAS EMMETT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2022Q1: restricted; 2022Q2: restricted; 2022Q3: restricted; 2022Q4: restricted; 2023Q1: not reported; 2023Q2: 681,430 shares; 2023Q3: 949,525 shares; 2023Q4: 355,649 shares 355,649$5.16M2.72%-593,876Timeline
HPPHUDSON PAC PPTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2022Q1: restricted; 2022Q2: restricted; 2022Q3: restricted; 2022Q4: restricted; 2023Q1: not reported; 2023Q2: not reported; 2023Q3: not reported; 2023Q4: 540,220 shares 540,220$5.03M2.66%newTimeline
LAZLAZARD INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2022Q1: restricted; 2022Q2: restricted; 2022Q3: restricted; 2022Q4: restricted; 2023Q1: not reported; 2023Q2: not reported; 2023Q3: not reported; 2023Q4: 137,586 shares 137,586$4.79M2.53%newTimeline

Sold out in Q4 2023

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
BILLBILL HOLDINGS INC132,761$14.4Mshares
QTWOQ2 HLDGS INC410,145$13.2Mshares
MTGMGIC INVT CORP WIS725,508$12.1Mshares
RDNRADIAN GROUP INC445,030$11.2Mshares
SEICSEI INVTS CO163,528$9.85Mshares
BLACKROCK INCBLACKROCK INC14,740$9.53Mshares
TRUTRANSUNION132,176$9.49Mshares
LPLALPL FINL HLDGS INC37,142$8.83Mshares
VVISA INC37,830$8.7Mshares
PARPAR TECHNOLOGY CORP200,054$7.71Mshares
TWTRADEWEB MKTS INC80,242$6.44Mshares

How Q4 2023 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001214659-24-002831 base2024-02-14acceptance time not in the bulk data set