Second Curve Capital’s Banc of California BANC Stock Holding History

Second Curve Capital’s Portfolio BANC Stock Details BANC Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2020 Q1	–	Sell	-552,341	Closed	-$9.49M	–	11
2019 Q4	$9.49M	Buy	552,341 +65,000	+13%	+$982K	5.03%	10
2019 Q3	$6.89M	Sell	487,341 -145,000	-23%	-$2.09M	4.22%	10
2019 Q2	$8.83M	Sell	632,341 -129,659	-17%	-$1.83M	6.07%	6
2019 Q1	$10.5M	Sell	762,000 -110,000	-13%	-$1.64M	8.04%	6
2018 Q4	$11.6M	Sell	872,000 -178,000	-17%	-$2.89M	11.53%	4
2018 Q3	$19.8M	Buy	1,050,000 +30,000	+3%	+$591K	8.66%	3
2018 Q2	$19.9M	Buy	1,020,000 +400,000	+65%	+$7.66M	7.67%	8
2018 Q1	$12M	Buy	620,000 +480,000	+343%	+$9.75M	4.61%	11
2017 Q4	$2.89M	Buy	140,000 +105,000	+300%	+$2.19M	1.14%	16
2017 Q3	$726K	Buy	+35,000	New	+$690K	0.29%	22

Other funds holding BANC

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Wellington Management Group Boston, Massachusetts $535B AUM 26.23% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

PCA

PL Capital Advisors Naples, Florida $332M AUM 17.89% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Victory Capital Management San Antonio, Texas $156B AUM 27.51% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

RIM

Ranger Investment Management Dallas, Texas $1.38B AUM 24.55% 1-Year Est. Return

ICOM

Investment Counselors of Maryland Baltimore, Maryland $4.37B AUM 76.25% 1-Year Est. Return

PFP

Patriot Financial Partners Radnor, Pennsylvania $284M AUM 20.43% 1-Year Est. Return

Second Curve Capital's BANC Position: Q1 2020 in Review

Second Curve Capital sold out of Banc of California (BANC) in Q1 2020, closing a stake of 552,341 shares — an estimated $9.49M sold.

Second Curve Capital first reported a position in BANC in Q3 2017 and held it in 10 quarters. The position peaked at $19.9M in Q2 2018. 137 funds tracked by Wall St. Rank hold BANC as of Q1 2020.

Second Curve Capital reported no remaining Banc of California position as of Q1 2020 after selling out during the quarter.
Second Curve Capital sold 552,341 Banc of California shares in Q1 2020, an estimated $9.49M.
Second Curve Capital first reported a position in Banc of California in Q3 2017 and held it in 10 quarters.
Second Curve Capital's Banc of California position peaked at $19.9M in Q2 2018.
137 funds tracked by Wall St. Rank held Banc of California as of Q1 2020.

Based on Second Curve Capital's 13F filing for Q1 2020, filed 15 May 2020.