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 | $169,330,677 |
| Change This QTR | +1.02% |
| No. | Security | Ticker | Shares | Value | Activity | % Port | History |
|---|---|---|---|---|---|---|---|
| 1. | MCY | 273,955 | $17,253,686 | +143% | 10.18% | ||
| 2. | KMPR | 197,394 | $12,090,382 | +17% | 7.14% | ||
| 3. | ECPG | 241,509 | $11,416,130 | +220% | 6.74% | ||
| 4. | NYSE: KRC | 250,949 | $9,711,726 | -16% | 5.73% | ||
| 5. | WLFC | 52,428 | $7,801,811 | -26% | 4.6% |
