0001356783-12-000002.txt : 20120504 0001356783-12-000002.hdr.sgml : 20120504 20120503181108 ACCESSION NUMBER: 0001356783-12-000002 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120331 FILED AS OF DATE: 20120504 DATE AS OF CHANGE: 20120503 EFFECTIVENESS DATE: 20120504 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Phocas Financial CORP CENTRAL INDEX KEY: 0001356783 IRS NUMBER: 202647024 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-12179 FILM NUMBER: 12811261 BUSINESS ADDRESS: STREET 1: 2433 MARINER SQUARE LOOP STREET 2: SUITE 202 CITY: ALAMEDA STATE: CA ZIP: 94501 BUSINESS PHONE: (510) 523-5800 MAIL ADDRESS: STREET 1: 2433 MARINER SQUARE LOOP STREET 2: SUITE 202 CITY: ALAMEDA STATE: CA ZIP: 94501 13F-HR 1 2012Q1Form13F.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 03/31/2012 Check here if Amendment ; Amendment Number: This Amendment (Check only one.): is a restatement. adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Phocas Financial Corporation Address: 980 Atlantic Avenue Suite 106 Alameda, CA 94501 Form 13F File Number: 28- The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, Iists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Frances Chiu Title: Chief Compliance Officer Phone: (510) 523 - 5800 Signature, Place, and Date of Signing: Frances Chiu Alameda, CA 05/3/2012 [Signature] [City, State] [Date] Report Type (Check only one): X 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 Form 13F Information Table Entry Total: 214 Form 13F Information Table Value Total: 1127 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. 1 - Wells Fargo Fund Management, LLC FORM 13F INFORMATION TABLE 3M CO COM 88579Y101 310.094 3476 SH SOLE 3476 0 0 ABBOTT LABS COM 002824100 8610.632 140490 SH SOLE 140490 0 0 ACADIA REALTY TRUST COM 004239109 6316.024 280214 SH SOLE 280214 0 0 ACE LTD ORD COM H0023R105 12301.187 168049 SH SOLE 168049 0 0 ACETO CORP COM 004446100 5989.984 631189 SH SOLE 631189 0 0 AETNA INC NEW COM 00817Y108 353.377 7045 SH SOLE 7045 0 0 ALCOA INC COM 013817101 3710.045 370264 SH SOLE 370264 0 0 ALEXANDRIA REAL ESTATE COM 015271109 15920.694 217704 SH SOLE 217704 0 0 AMERICAN CAMPUS CMNTYS COM 024835100 3418.755 76448 SH SOLE 76448 0 0 AMERICAN EQTY INVT LFE COM 025676206 2492.398 195176 SH SOLE 195176 0 0 AMERICAN WATER WORKS CO COM 030420103 11210.537 329431 SH SOLE 329431 0 0 AMGEN INC COM 031162100 274.871 4044 SH SOLE 4044 0 0 ANN INC. COM 035623107 2121.651 74080 SH SOLE 74080 0 0 APACHE CORP COM 037411105 6909.870 68796 SH SOLE 68796 0 0 APPLE COMPUTER INC COM 037833100 7805.699 13021 SH SOLE 13021 0 0 ARES CAPITAL CORPORATION COM 04010L103 4259.894 260544 SH SOLE 260544 0 0 ARRIS GROUP INC COM 04269Q100 3207.064 283811 SH SOLE 283811 0 0 ASHLAND INC COM 044209104 10526.011 172388 SH SOLE 172388 0 0 AT&T CORP COM NEW COM 00206R102 14437.879 462308 SH SOLE 462308 0 0 ATMOS ENERGY CORP COM 049560105 3356.027 106676 SH SOLE 106676 0 0 AVALONBAY COMMUNITIES COM 053484101 1412.652 9994 SH SOLE 9994 0 0 BANK OF AMERICA CORP COM 060505104 11186.545 1168918 SH SOLE 1168918 0 0 BANNER CORP COM 06652V208 4607.244 209135 SH SOLE 209135 0 0 BEACON ROOFING SUPPLY COM 073685109 3184.580 123625 SH SOLE 123625 0 0 BELO CORP COM SER A COM 080555105 4398.981 613526 SH SOLE 613526 0 0 BERKSHIRE HATHAWAY CLASS B COM 084670702 7417.029 91399 SH SOLE 91399 0 0 BIG LOTS INC. COM 089302103 5569.111 129454 SH SOLE 129454 0 0 BLACK HILLS CORP COM 092113109 4168.014 124307 SH SOLE 124307 0 0 BOSTON PRIVT FINL HLDG COM 101119105 3395.800 342664 SH SOLE 342664 0 0 BOSTON PROPERTIES INC COM 101121101 1695.903 16153 SH SOLE 16153 0 0 CALGON CARBON CORP COM 129603106 3884.611 248854 SH SOLE 248854 0 0 CAPITAL ONE FINL CORP COM 14040H105 11321.407 203111 SH SOLE 203111 0 0 CHEVRON CORP NEW COM 166764100 20887.885 194777 SH SOLE 194777 0 0 CIGNA CORP COM 125509109 13722.922 278638 SH SOLE 278638 0 0 CISCO SYS INC COM 17275R102 14836.492 701489 SH SOLE 701489 0 0 CITIGROUP INC COM 172967424 11870.621 324778 SH SOLE 324778 0 0 CNO FINANCIAL INC COM 12621E103 5904.927 758988 SH SOLE 758988 0 0 COLGATE PALMOLIVE CO COM 194162103 301.162 3080 SH SOLE 3080 0 0 COLONIAL PROPERTIES TRUST COM 195872106 4795.615 220691 SH SOLE 220691 0 0 COLUMBIA BKG SYS INC COM 197236102 4531.785 198937 SH SOLE 198937 0 0 COMERICA INC COM 200340107 10768.826 332782 SH SOLE 332782 0 0 COMPUWARE CORP COM 205638109 4147.015 451253 SH SOLE 451253 0 0 CONOCOPHILLIPS COM 20825C104 13029.102 171413 SH SOLE 171413 0 0 CORESITE REALTY CORP COM 21870Q105 2891.851 122588 SH SOLE 122588 0 0 CUBESMART COM 229663109 4772.447 401046 SH SOLE 401046 0 0 CVS CORP COM 126650100 15179.405 338826 SH SOLE 338826 0 0 DARLING INTL INC COM 237266101 2607.669 149694 SH SOLE 149694 0 0 DELL INC COM 24702R101 6020.438 362677 SH SOLE 362677 0 0 DEVON ENERGY CORP NEW COM 25179M103 7400.676 104059 SH SOLE 104059 0 0 DIGITAL REALTY TRUST COM 253868103 942.452 12741 SH SOLE 12741 0 0 DIRECTV COM CL A COM 25490A101 7478.661 151574 SH SOLE 151574 0 0 DOMINION RES VA NEW COM 25746U109 9100.119 177702 SH SOLE 177702 0 0 DOVER CORP COM 260003108 10337.454 164243 SH SOLE 164243 0 0 DOW CHEM CO COM 260543103 400.785 11570 SH SOLE 11570 0 0 DU PONT E I DE NEMOURS COM 263534109 206.098 3896 SH SOLE 3896 0 0 DUKE ENERGY CORP COM 26441C105 11588.570 551574 SH SOLE 551574 0 0 E M C CORP MASS COM 268648102 12134.148 406096 SH SOLE 406096 0 0 EASTGROUP PPTY INC COM 277276101 4481.482 89237 SH SOLE 89237 0 0 EATON CORP COM 278058102 6301.302 126456 SH SOLE 126456 0 0 EBIX INC COM 278715206 2108.510 91041 SH SOLE 91041 0 0 EMERGENT BIOSOLUTIONS COM 29089Q105 1458.400 91150 SH SOLE 91150 0 0 EMPIRE DIST ELEC CO COM 291641108 2271.101 111602 SH SOLE 111602 0 0 ENTERGY CORP NEW COM 29364G103 9399.936 139880 SH SOLE 139880 0 0 EQUITY LIFESTYLE PPTYS COM 29472R108 543.972 7800 SH SOLE 7800 0 0 EQUITY RESIDENTIAL COM 29476L107 568.339 9076 SH SOLE 9076 0 0 ESSEX PROPERTY TRUST COM 297178105 289.839 1913 SH SOLE 1913 0 0 ESTERLINE TECHNOLOGIES COM 297425100 5767.251 80706 SH SOLE 80706 0 0 EXTRA SPACE STORAGE COM 30225T102 550.234 19112 SH SOLE 19112 0 0 EXXON MOBIL CORP COM 30231G102 1834.426 21151 SH SOLE 21151 0 0 FAIRCHILD SEMICND INTL COM 303726103 8318.965 565916 SH SOLE 565916 0 0 FEDERAL REALTY INVT TR COM 313747206 776.353 8021 SH SOLE 8021 0 0 FERRO CORP COM 315405100 2161.441 363879 SH SOLE 363879 0 0 FIRST FINL BANCORP COM 320209109 2009.412 116151 SH SOLE 116151 0 0 FIRST HORIZON NATL CP COM 320517105 6434.230 619868 SH SOLE 619868 0 0 FIRST PACTRUST BANCORP INC COM 33589V101 4966.265 416633 SH SOLE 416633 0 0 FIRST POTOMAC RLTY TR COM 33610F109 4710.494 389619 SH SOLE 389619 0 0 FIRST REP BK SAN COM 33616C100 15497.908 470489 SH SOLE 470489 0 0 FLUOR CORP NEW COM 343412102 208.879 3479 SH SOLE 3479 0 0 FUEL SYSTEM SOLUTIONS COM 35952W103 2313.904 88452 SH SOLE 88452 0 0 GENERAL ELEC CO COM 369604103 24878.973 1239610 SH SOLE 1239610 0 0 GLIMCHER REALTY TRUST COM 379302102 225.668 22081 SH SOLE 22081 0 0 GOLDMAN SACHS GROUP COM 38141G104 7314.458 58812 SH SOLE 58812 0 0 GOODRICH PETROLEUM CORP COM 382410405 4648.165 244383 SH SOLE 244383 0 0 GOOGLE INC CL A COM 38259P508 7556.372 11784 SH SOLE 11784 0 0 GREAT BASIN GOLD COM 390124105 12.750 18700 SH SOLE 18700 0 0 GREAT PLAINS ENERGY COM 391164100 2470.204 121865 SH SOLE 121865 0 0 HARTFORD FINL SVCS COM 416515104 7226.835 342829 SH SOLE 342829 0 0 HCP INC. COM 40414L109 528.172 13385 SH SOLE 13385 0 0 HEALTH NET INC COM 42222G108 4248.491 106961 SH SOLE 106961 0 0 HERITAGE COMMERCE CORP COM 426927109 2269.861 353011 SH SOLE 353011 0 0 HOME DEPOT INC COM 437076102 15471.482 307523 SH SOLE 307523 0 0 HORNBECK OFFSHORE SVCS COM 440543106 4724.929 112418 SH SOLE 112418 0 0 HOSPIRA INC COM 441060100 8774.610 234678 SH SOLE 234678 0 0 HUNTSMAN CORP COM 447011107 7316.849 522259 SH SOLE 522259 0 0 HURON CONSULTING COM 447462102 3929.076 104608 SH SOLE 104608 0 0 IBERIABANK CORP COM 450828108 5071.897 94855 SH SOLE 94855 0 0 ICG GROUP, INC COM 44928D108 6243.618 697611 SH SOLE 697611 0 0 ICONIX BRAND GROUP INC COM 451055107 4837.845 278357 SH SOLE 278357 0 0 INFINITY PPTY & CAS CP COM 45665Q103 4056.779 77523 SH SOLE 77523 0 0 INTEL CORP COM 458140100 1762.726 62697 SH SOLE 62697 0 0 ISHARES S&P U.S. PREFERRED SNOTE 464288687 3155.372 80824 SH SOLE 80824 0 0 ISHARES TR DJ US REAL EST COM 464287739 972.815 15615 SH SOLE 15615 0 0 ITRON INC COM 465741106 2125.551 46808 SH SOLE 46808 0 0 JANUS CAP GROUP INC COM 47102X105 4327.195 485656 SH SOLE 485656 0 0 JDA SOFTWARE GROUP INC COM 46612K108 5289.873 192499 SH SOLE 192499 0 0 JETBLUE AWYS CORP COM 477143101 2012.802 411616 SH SOLE 411616 0 0 JOHNSON & JOHNSON COM 478160104 12586.289 190817 SH SOLE 190817 0 0 JPMORGAN CHASE & CO COM 46625H100 20552.600 446990 SH SOLE 446990 0 0 KANSAS CITY SOUTHERN COM COM 485170302 5611.033 78268 SH SOLE 78268 0 0 KEYCORP COM 493267108 10829.510 1274060 SH SOLE 1274060 0 0 KILROY REALTY CORP COM 49427F108 4658.949 99956 SH SOLE 99956 0 0 KIMCO REALTY CORP COM 49446R109 420.465 21831 SH SOLE 21831 0 0 KRAFT FOODS INC CL A COM 50075N104 238.095 6264 SH SOLE 6264 0 0 LABORATORY AMER HLDGS COM NECOM 50540R409 367.075 4010 SH SOLE 4010 0 0 LACLEDE GROUP INC COM 505597104 2541.373 65130 SH SOLE 65130 0 0 LASALLE HOTEL PROPERTIES COM 517942108 2944.176 104626 SH SOLE 104626 0 0 MACERICH CO COM 554382101 312.139 5405 SH SOLE 5405 0 0 MAGELLAN MIDSTREAM COM 559080106 221.722 3065 SH SOLE 3065 0 0 MASTERCARD INC COM 57636Q104 857.061 2038 SH SOLE 2038 0 0 MATERION CORP COM 576690101 4468.808 155545 SH SOLE 155545 0 0 MAXIM INTEGRATED PRODS COM 57772K101 8503.038 297413 SH SOLE 297413 0 0 MERCK & CO INC COM 58933Y105 10617.370 276494 SH SOLE 276494 0 0 MEREDITH CORP COM 589433101 3197.407 98503 SH SOLE 98503 0 0 METLIFE INC COM 59156R108 12216.625 327085 SH SOLE 327085 0 0 MICROSEMI CORP COM 595137100 6796.802 317015 SH SOLE 317015 0 0 MICROSOFT CORP COM 594918104 682.484 21159 SH SOLE 21159 0 0 NATIONAL FINL PTNRS CP COM 63607P208 3674.645 242711 SH SOLE 242711 0 0 NATIONAL OILWELL VARCO COM 637071101 248.741 3130 SH SOLE 3130 0 0 NEWELL RUBBERMAID INC COM 651229106 9581.210 537968 SH SOLE 537968 0 0 NII HLDGS INC CL B NEW COM 62913F201 3705.285 202364 SH SOLE 202364 0 0 NISOURCE INC COM 65473P105 10085.892 414205 SH SOLE 414205 0 0 NOBLE CORPORATION SHS COM H5833N103 9103.074 242943 SH SOLE 242943 0 0 NORDSTROM INC COM 655664100 290.858 5220 SH SOLE 5220 0 0 NORFOLK SOUTHERN CORP COM 655844108 8167.199 124065 SH SOLE 124065 0 0 OLD NATL BANCP IND COM 680033107 5116.926 389416 SH SOLE 389416 0 0 OMNICOM GROUP INC COM 681919106 6609.369 130491 SH SOLE 130491 0 0 ORACLE CORP COM 68389X105 575.327 19730 SH SOLE 19730 0 0 ORTHOFIX INTERNATIONAL NV COM N6748L102 4925.949 131079 SH SOLE 131079 0 0 PAR PHARMACEUTICAL COS COM 69888P106 4830.134 124713 SH SOLE 124713 0 0 PDC ENERGY COM 716578109 6451.360 173938 SH SOLE 173938 0 0 PEPSICO INC COM 713448108 7122.341 107345 SH SOLE 107345 0 0 PERRY ELLIS INTL INC. COM 288853104 3652.804 195651 SH SOLE 195651 0 0 PFIZER INC COM 717081103 16348.102 721452 SH SOLE 721452 0 0 PHILIP MORRIS INTERNATIONAL COM 718172109 561.167 6333 SH SOLE 6333 0 0 PIER 1 IMPORTS INC COM 720279108 6020.052 331136 SH SOLE 331136 0 0 PLEXUS CORP COM 729132100 4223.118 120695 SH SOLE 120695 0 0 PORTLAND GENERAL COM 736508847 2373.175 95003 SH SOLE 95003 0 0 POWERSHARES COMMODITY INDEX COM 73935S105 489.514 16997 SH SOLE 16997 0 0 PRIMERICA COM 74164M108 2312.286 91721 SH SOLE 91721 0 0 PROCTER & GAMBLE CO COM 742718109 9913.273 147497 SH SOLE 147497 0 0 PROLOGIS COM 74340W103 720.868 20013 SH SOLE 20013 0 0 PROSPECT CAPITAL CORP COM 74348T102 2167.221 197379 SH SOLE 197379 0 0 PROTECTIVE LIFE CORP COM 743674103 4614.470 155789 SH SOLE 155789 0 0 PUBLIC STORAGE INC COM 74460D109 625.219 4525 SH SOLE 4525 0 0 RF MICRODEVICES INC COM 749941100 3985.220 800245 SH SOLE 800245 0 0 ROYAL DUTCH SHELL COM 780259206 280.520 4000 SH SOLE 4000 0 0 SAFEGUARD SCIENTIFICS COM 786449207 2366.944 137613 SH SOLE 137613 0 0 SARA LEE CORP COM 803111103 7685.866 356984 SH SOLE 356984 0 0 SCHLUMBERGER LTD COM 806857108 271.468 3882 SH SOLE 3882 0 0 SCHWAB LARGE CAP ETF COM 808524201 1455.507 43435 SH SOLE 43435 0 0 SCIENTIFIC GAMES CORP CL A COM 80874P109 2348.009 201373 SH SOLE 201373 0 0 SENSIENT TECH CORP COM 81725T100 5735.910 150945 SH SOLE 150945 0 0 SILICON VY BANCSHARES COM 78486Q101 5672.858 88170 SH SOLE 88170 0 0 SIMON PROPERTY GROUP COM 828806109 20586.478 141313 SH SOLE 141313 0 0 SL GREEN REALTY COM 78440X101 555.956 7169 SH SOLE 7169 0 0 SLM CORP COM 78442P106 6526.894 414143 SH SOLE 414143 0 0 SNYDER'S LANCE INC COM 833551104 2119.984 82011 SH SOLE 82011 0 0 SOUTHWEST AIRLS CO COM 844741108 5743.445 697020 SH SOLE 697020 0 0 SPDR GOLD TRUST COM 78463V107 270.740 1670 SH SOLE 1670 0 0 SPDR S&P DEPOSITORY RECEIPTSCOM 78462F103 1121.411 7964 SH SOLE 7964 0 0 STARWOOD HOTELS & RESORTS WOCOM 85590A401 7112.624 126088 SH SOLE 126088 0 0 STATE BANK & TRUST COM 856190103 4483.593 256059 SH SOLE 256059 0 0 STATE STREET CORP COM 857477103 7676.988 168725 SH SOLE 168725 0 0 STEINER LEISURE LTD COM P8744Y102 7290.075 149295 SH SOLE 149295 0 0 STRATEGIC HOTELS & RESORTS COM 86272T106 7491.244 1138487 SH SOLE 1138487 0 0 STRYKER CORP COM 863667101 6810.392 122754 SH SOLE 122754 0 0 SUN COMMUNITIES INC COM 866674104 7154.476 165116 SH SOLE 165116 0 0 SWIFT ENERGY CO COM 870738101 6357.831 219009 SH SOLE 219009 0 0 SYNNEX CORP COM 87162W100 6094.200 159785 SH SOLE 159785 0 0 SYSTEMAX INC COM 871851101 2133.785 126559 SH SOLE 126559 0 0 TARGET CORP COM 87612E106 7082.369 121544 SH SOLE 121544 0 0 TETRA TECH INC NEW COM 88162G103 4424.210 167838 SH SOLE 167838 0 0 TEVA PHARMACEUTCL INDS ADR COM 881624209 7209.825 160005 SH SOLE 160005 0 0 TIMKEN CO COM 887389104 6029.079 118823 SH SOLE 118823 0 0 TITAN MACHINERY INC COM 88830R101 3757.424 133242 SH SOLE 133242 0 0 TOLL BROTHERS INC COM 889478103 7705.420 321193 SH SOLE 321193 0 0 TRAVELERS INC COM 89417E109 12783.826 215943 SH SOLE 215943 0 0 TREEHOUSE FOODS INC COM 89469A104 5324.179 89482 SH SOLE 89482 0 0 TRINITY INDS INC COM 896522109 4130.118 125345 SH SOLE 125345 0 0 TRIUMPH GROUP INC NEW COM 896818101 9230.821 147316 SH SOLE 147316 0 0 UNIFIRST CORP MASS COM 904708104 4368.019 70967 SH SOLE 70967 0 0 UNILEVER NV COM 904784709 746.142 21926 SH SOLE 21926 0 0 UNITED STATIONERS INC COM 913004107 2270.589 73174 SH SOLE 73174 0 0 UNITED TECHNOLOGIES CP COM 913017109 338.395 4080 SH SOLE 4080 0 0 UNITEDHEALTH GROUP INC COM 91324P102 235.230 3991 SH SOLE 3991 0 0 URS CORP NEW COM 903236107 8657.667 203614 SH SOLE 203614 0 0 VENTAS INC COM 92276F100 1184.197 20739 SH SOLE 20739 0 0 VERIZON COMMUNICATIONS COM 92343V104 9931.045 259771 SH SOLE 259771 0 0 VIROPHARMA INC. COM 928241108 6990.734 232482 SH SOLE 232482 0 0 VISA INC COM 92826C839 546.340 4630 SH SOLE 4630 0 0 VORNADO REALTY TRUST COM 929042109 801.079 9514 SH SOLE 9514 0 0 WAL MART STORES INC COM 931142103 426.319 6966 SH SOLE 6966 0 0 WALGREEN CO COM 931422109 471.874 14090 SH SOLE 14090 0 0 WALT DISNEY CO COM 254687106 7504.155 171406 SH SOLE 171406 0 0 WARNACO GROUP INC COM NEW COM 934390402 2613.458 44751 SH SOLE 44751 0 0 WASHINGTON BANKING CORP COM 937303105 4828.943 349670 SH SOLE 349670 0 0 WASTE MGMT INC DEL COM 94106L109 206.264 5900 SH SOLE 5900 0 0 WATTS WATER TECHNLGS CL A COM 942749102 4466.852 109616 SH SOLE 109616 0 0 WELLCARE HEALTH PLANS INC COM 94946T106 3578.043 49778 SH SOLE 49778 0 0 WELLS FARGO & CO COM 949746101 3908.040 114471 SH SOLE 114471 0 0 WERNER ENTERPRISES INC COM 950755108 2361.153 94978 SH SOLE 94978 0 0 WHITING PETE CORP NEW COM 966387102 6619.659 121909 SH SOLE 121909 0 0 WINTRUST FINL CORP COM 97650W108 5569.353 155612 SH SOLE 155612 0 0 WOLVERINE WORLD WIDE COM 978097103 2444.957 65760 SH SOLE 65760 0 0
NAME OF ISSUER TITLE CUSIP VALUE SHARES / SH/ PUT/INVESTOTHERVOTING AUTHORITY CLASS (1000) PRN AMT PRN CALLDISCREMANAG SOLE SHARED NONE