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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
+1.3%
1 Year Est. Return
+66.93%
3 Year Est. Return
+159.53%
5 Year Est. Return
+126.53%
10 Year Est. Return
–
AUM
$272M
AUM Growth
+$8M
Cap. Flow
+$12.8M
Cap. Flow %
4.71%
Top 10 Hldgs %
75.06%
Holding
28
New
3
Increased
12
Reduced
6
Closed
2

Top Buys

1
CASH icon
Pathward Financial
CASH
+$13M
2
COF icon
Capital One
COF
+$8.84M
3
SCHW
Charles Schwab
SCHW
+$4.77M
4
TBBK icon
The Bancorp
TBBK
+$4.21M
5
OMF icon
OneMain Financial
OMF
+$2.29M

Top Sells

1
RM icon
Regional Management Corp
RM
+$11.4M
2
SGM
Stonegate Mortgage Corporation
SGM
+$10.9M
3
FNBC
First NBC Bank Holding Company
FNBC
+$1.9M
4
C icon
Citigroup
C
+$1.77M
5
QCRH icon
QCR Holdings
QCRH
+$1.69M

Sector Composition

1 Financials 73.8%
2 Consumer Discretionary 12.72%
3 Industrials 3.16%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SGM
26
DELISTED
Stonegate Mortgage Corporation
SGM
– –
-1,833,909
Closed -$10.9M
FNBC
27
DELISTED
First NBC Bank Holding Company
FNBC
– –
-260,000
Closed -$1.9M
1
2

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Second Curve Capital's Q1 2017 Portfolio in Review

As of Q1 2017, Second Curve Capital held 28 positions worth $272M, up 3% from $264M the previous quarter. Its ten largest holdings account for 75% of the portfolio.

Second Curve Capital deployed $12.8M of net new capital in Q1 2017, opening 3 new positions and adding to 12 existing holdings. Its largest new stake was Opus Bank Common Stock: 30,000 shares worth $604K.

By sector, the portfolio is most concentrated in Financials at 74% of assets, down from 76% a quarter earlier, followed by Consumer Discretionary and Industrials.

On the sell side, the largest reduction was Regional Management Corp, an estimated $11.4M trimmed.

  • Second Curve Capital's largest Q1 2017 buy was Opus Bank Common Stock: 30,000 shares worth $604K.
  • Second Curve Capital added most to Pathward Financial in Q1 2017, an estimated $13M increase.
  • Second Curve Capital's biggest Q1 2017 reduction was Regional Management Corp, cutting an estimated $11.4M.
  • Second Curve Capital fully exited Stonegate Mortgage Corporation in Q1 2017, selling an estimated $10.9M.
  • Second Curve Capital's ten largest holdings make up 75% of its $272M portfolio in Q1 2017.
  • Second Curve Capital opened 3 new positions and closed 2 in Q1 2017.
  • Second Curve Capital's portfolio value rose 3% quarter-over-quarter to $272M.

Based on Second Curve Capital's 13F filing for Q1 2017, filed 11 May 2017.