We are live on ! Find out more
SCC

Second Curve Capital Portfolio holdings

AUM $93.1M
1-Year Est. Return 66.93%
This Fund
S&P 500
This Quarter Est. Return
-2.91%
1 Year Est. Return
+66.93%
3 Year Est. Return
+159.53%
5 Year Est. Return
+126.53%
10 Year Est. Return
–
AUM
$430M
AUM Growth
-$51.4M
Cap. Flow
-$26.9M
Cap. Flow %
-6.24%
Top 10 Hldgs %
78.49%
Holding
31
New
2
Increased
15
Reduced
5
Closed
6

Top Buys

Rank Stock Value
1
ONIT
Onity Group
ONIT
+$9.26M
2
CASH icon
Pathward Financial
CASH
+$6.97M
3
BZH icon
Beazer Homes USA
BZH
+$5.74M
4
RM icon
Regional Management Corp
RM
+$4.25M
5
JPM.WS
JPMorgan Chase
JPM.WS
+$3.29M

Top Sells

Rank Stock Value
1
EVER
Everbank Financial Corp
EVER
+$23.7M
2
BAC.WS.A
Bank Of America Corporation Ws A
BAC.WS.A
+$15.8M
3
PRAA icon
PRA Group
PRAA
+$7.4M
4
TREE icon
LendingTree
TREE
+$6.89M
5
TBBK icon
The Bancorp
TBBK
+$4.3M

Sector Composition

Rank Sector Weight
1 Financials 68.99%
2 Consumer Discretionary 12.02%
3 Industrials 1.58%
4 Real Estate 1.51%
5 Technology 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CCBG icon
26
Capital City Bank Group
CCBG
$882M
– –
-263,657
Closed -$3.1M
EVTC icon
27
Evertec
EVTC
$1.83B
– –
-45,000
Closed -$1.11M
GNW icon
28
Genworth Financial
GNW
$3.8B
– –
-50,000
Closed -$776K
PRAA icon
29
PRA Group
PRAA
$648M
– –
-140,000
Closed -$7.4M
EVER
30
DELISTED
Everbank Financial Corp
EVER
– –
-1,294,520
Closed -$23.7M
SNBC
31
DELISTED
Sun Bancorp Inc
SNBC
– –
-27,784
Closed -$489K
1
2

Similar funds

MTM
Millennium TVP Management New York $93.1M AUM 35.8% 1-Year Est. Return
CG1
Canvas GP 1 Portola Valley, California $95.3M AUM
LMAM
Legg Mason Asset Management Tokyo, Japan $90.5M AUM 28.21% 1-Year Est. Return
VIA
Vantis Investment Advisers Miami, Florida $96.6M AUM 2.92% 1-Year Est. Return
ST
Sphinx Trading Chicago, Illinois $98M AUM
MI
Markston International White Plains, New York $99.1M AUM 27.9% 1-Year Est. Return
MCS
Metatron Capital SICAV Mriehel, Malta $105M AUM
BCM
Billings Capital Management Arlington, Virginia $79.3M AUM 37.63% 1-Year Est. Return

Second Curve Capital's Q1 2014 Portfolio in Review

As of Q1 2014, Second Curve Capital held 31 positions worth $430M, down 11% from $482M the previous quarter. Its ten largest holdings account for 78% of the portfolio.

Second Curve Capital withdrew a net $26.9M in Q1 2014, closing 6 positions and reducing 5 holdings. Its most notable exit was Everbank Financial Corp, an estimated $23.7M position sold in full.

By sector, the portfolio is most concentrated in Financials at 69% of assets, down from 70% a quarter earlier, followed by Consumer Discretionary and Industrials.

Against the trend, Second Curve Capital opened a new position in JPMorgan Chase worth $3.54M.

  • Second Curve Capital's largest Q1 2014 buy was JPMorgan Chase: 175,000 shares worth $3.54M.
  • Second Curve Capital added most to Onity Group in Q1 2014, an estimated $9.26M increase.
  • Second Curve Capital's biggest Q1 2014 reduction was Bank Of America Corporation Ws A, cutting an estimated $15.8M.
  • Second Curve Capital fully exited Everbank Financial Corp in Q1 2014, selling an estimated $23.7M.
  • Second Curve Capital's ten largest holdings make up 78% of its $430M portfolio in Q1 2014.
  • Second Curve Capital opened 2 new positions and closed 6 in Q1 2014.
  • Second Curve Capital's portfolio value fell 11% quarter-over-quarter to $430M.

Based on Second Curve Capital's 13F filing for Q1 2014, filed 13 May 2014.