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SCC
Second Curve Capital Portfolio holdings
AUM
$93.1M
1-Year Est. Return
66.93%
This Fund
S&P 500
This Quarter
Est. Return
+15.91%
1 Year Est. Return
+66.93%
3 Year Est. Return
+159.53%
5 Year Est. Return
+126.53%
10 Year Est. Return
–
AUM
$445M
AUM Growth
+$45.7M
(+11%)
Cap. Flow
+$1.37M
Cap. Flow
% of AUM
0.31%
Top 10 Holdings %
Top 10 Hldgs %
78.22%
Holding
35
New
6
Increased
16
Reduced
6
Closed
5
Top Buys
| 1 |
ONIT
Onity Group
ONIT
|
+$22.1M |
| 2 |
WLH
WILLIAM LYON HOMES
WLH
|
+$19.4M |
| 3 |
Regional Management Corp
RM
|
+$13.5M |
| 4 |
FMD
FIRST MARBLEHEAD CORP COM STK NEW (DE)
FMD
|
+$9.13M |
| 5 |
Beazer Homes USA
BZH
|
+$8.7M |
Top Sells
| 1 |
SNV
Synovus
SNV
|
+$28.5M |
| 2 |
TAYC
TAYLOR CAPITAL GROUP INC
TAYC
|
+$21.9M |
| 3 |
PRS
PRIMUS GUARANTY LTD
PRS
|
+$18.5M |
| 4 |
UCB
United Community Banks
UCB
|
+$18.2M |
| 5 |
Popular Inc
BPOP
|
+$8.16M |
Sector Composition
| 1 | Financials | 72.1% |
| 2 | Consumer Discretionary | 6.59% |
| 3 | Industrials | 1.36% |
| 4 | Real Estate | 0.75% |
| 5 | Technology | 0.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Evertec
EVTC
$1.9B
| $1.33M | 0.3% |
60,000
+50,000
| +500% | +$1.19M |
|
27
Pathward Financial
CASH
$1.96B
| $635K | 0.14% |
+50,133
| New | +$534K |
|
|
BAC.WS.B
28
DELISTED
Bank Of America Corporation Ws B
BAC.WS.B
| $585K | 0.13% |
741,000
| – | – |
|
29
First Citizens BancShares
FCNCA
$25B
| $411K | 0.09% |
+2,000
| New | +$411K |
|
30
First Bancorp
FBNC
$2.74B
| $289K | 0.06% |
20,000
+10,000
| +100% | +$150K |
|
|
31
Popular Inc
BPOP
$11.2B
| – | – |
-268,760
| Closed | -$8.16M |
|
32
MGIC Investment
MTG
$6.18B
| – | – |
-1,145,000
| Closed | -$6.95M |
|
33
Radian Group
RDN
$5.2B
| – | – |
-25,420
| Closed | -$295K |
|
|
SNV
34
DELISTED
Synovus
SNV
| – | – |
-1,396,392
| Closed | -$28.5M |
|
|
TAYC
35
DELISTED
TAYLOR CAPITAL GROUP INC
TAYC
| – | – |
-1,294,451
| Closed | -$21.9M |
|
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Second Curve Capital's Q3 2013 Portfolio in Review
As of Q3 2013, Second Curve Capital held 35 positions worth $445M, up 11% from $400M the previous quarter. Its ten largest holdings account for 78% of the portfolio.
Second Curve Capital's Q3 2013 filing shows 6 new, 16 increased, 6 reduced and 5 closed positions. Its largest new stake was FIRST MARBLEHEAD CORP COM STK NEW (DE): 737,594 shares worth $6.05M. The largest sale was Synovus, an estimated $28.5M.
By sector, the portfolio is most concentrated in Financials at 72% of assets, down from 74% a quarter earlier, followed by Consumer Discretionary and Industrials.
- Second Curve Capital's largest Q3 2013 buy was FIRST MARBLEHEAD CORP COM STK NEW (DE): 737,594 shares worth $6.05M.
- Second Curve Capital added most to Onity Group in Q3 2013, an estimated $22.1M increase.
- Second Curve Capital's biggest Q3 2013 reduction was PRIMUS GUARANTY LTD, cutting an estimated $18.5M.
- Second Curve Capital fully exited Synovus in Q3 2013, selling an estimated $28.5M.
- Second Curve Capital's ten largest holdings make up 78% of its $445M portfolio in Q3 2013.
- Second Curve Capital opened 6 new positions and closed 5 in Q3 2013.
- Second Curve Capital's portfolio value rose 11% quarter-over-quarter to $445M.
Based on Second Curve Capital's 13F filing for Q3 2013, filed 12 Nov 2013.