Phase 2 Partners operates as a financials-focused investment firm, comprising a team of seasoned investment professionals with specialized knowledge in financials, fintech, insurance, and housing sectors. As a fundamentals-driven long-short hedge fund, Phase 2 Partners utilizes its collective expertise to capitalize on opportunities presented by mispriced public equities and to invest strategically in high-quality assets poised to benefit from long-term secular trends and tailwinds.
Justin Hughes serves as Partner and Portfolio Manager at Phase 2 Partners. In 2004, Justin co-founded Philadelphia Financial in San Francisco. His career began in 1994 as a research analyst covering a wide range of sectors including insurance, asset management, specialty finance, brokers, asset management, exchanges, and financial technology. Justin is a Chartered Financial Analyst and holds a BA in Economics from the University of California, Irvine.
Phase 2 Partners is a distinguished hedge fund catering to nine clients, boasting discretionary assets under management totaling $487,442,000 as of their Form ADV filing on March 2024. Their Q1 2024 13F filing disclosed $191,305,261 in managed 13F securities, with a notable top 10 holdings concentration of 55.22%. Leading their portfolio is Kilroy Realty Corp., with a substantial holding of 355,789 shares, exemplifying Phase 2 Partners' strategic investment approach and market insight.
| Fund Name: | Phase 2 Partners |
| Manager | Justin Hughes |
| Portfolio Value | $133,229,637 |
| Change This QTR | +0.79% |
| No. | Security | Ticker | Shares | Value | Activity | % Port | History |
|---|---|---|---|---|---|---|---|
| 1. | ECPG | 336,193 | $16,059,940 | +40% | 12.05% | ||
| 2. | MCY | 142,899 | $9,499,926 | -48% | 7.13% | ||
| 3. | KMPR | 120,441 | $8,002,100 | -39% | 6% | ||
| 4. | WLFC | 37,455 | $7,773,785 | -29% | 5.83% | ||
| 5. | HCI | 61,265 | $7,139,210 | +45% | 5.35% |
