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
+7.45%
1 Year Est. Return
+66.93%
3 Year Est. Return
+159.53%
5 Year Est. Return
+126.53%
10 Year Est. Return
–
AUM
$282M
AUM Growth
+$28.6M
(+11%)
Cap. Flow
+$16.1M
Cap. Flow
% of AUM
5.71%
Top 10 Holdings %
Top 10 Hldgs %
70.86%
Holding
29
New
5
Increased
14
Reduced
6
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TSC
TriState Capital Holdings, Inc.
TSC
|
+$7.79M |
| 2 |
SFBS
ServisFirst Bancshares
SFBS
|
+$5.34M |
| 3 |
Pathward Financial
CASH
|
+$2.28M |
| 4 |
NWHM
THE NEW HOME COMPANY INC.
NWHM
|
+$2.16M |
| 5 |
NEWS
NewStar Financial, Inc.
NEWS
|
+$2.11M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LendingTree
TREE
|
+$6.69M |
| 2 |
First Bancorp
FBP
|
+$5.33M |
| 3 |
Toronto Dominion Bank
TD
|
+$857K |
| 4 |
BAC.WS.A
Bank Of America Corporation Ws A
BAC.WS.A
|
+$788K |
| 5 |
Bank of America
BAC
|
+$308K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 69.49% |
| 2 | Consumer Discretionary | 18.93% |
| 3 | Miscellaneous | 8.08% |
| 4 | Industrials | 2.51% |
| 5 | Real Estate | 0.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
NEWS
1
DELISTED
NewStar Financial, Inc.
NEWS
| $25.3M | 8.97% |
2,298,734
+189,520
| +9% | +$2.11M |
|
|
2
Pathward Financial
CASH
$1.73B
| $25M | 8.87% |
1,748,040
+166,452
| +11% | +$2.28M |
|
3
Regional Management Corp
RM
$311M
| $22.8M | 8.1% |
1,278,272
+11,589
| +0.9% | +$194K |
|
4
The Bancorp
TBBK
$2.73B
| $22.5M | 7.97% |
2,419,703
+114,900
| +5% | +$1.11M |
|
|
WLH
5
DELISTED
WILLIAM LYON HOMES
WLH
| $20.5M | 7.28% |
799,003
+75,000
| +10% | +$1.77M |
|
|
NWHM
6
DELISTED
THE NEW HOME COMPANY INC.
NWHM
| $19.9M | 7.04% |
1,152,362
+136,960
| +13% | +$2.16M |
|
|
BAC.WS.A
7
DELISTED
Bank Of America Corporation Ws A
BAC.WS.A
| $18.3M | 6.49% |
2,965,343
-133,912
| -4% | -$788K |
|
|
SFBS
8
ServisFirst Bancshares
SFBS
$4.72B
| $15.5M | 5.5% |
1,651,120
+600,532
| +57% | +$5.34M |
|
9
Consumer Portfolio Services
CPSS
$203M
| $15.2M | 5.38% |
2,425,963
+87,220
| +4% | +$564K |
|
|
10
LendingTree
TREE
$398M
| $14.8M | 5.25% |
188,304
-108,700
| -37% | -$6.69M |
|
|
TSC
11
DELISTED
TriState Capital Holdings, Inc.
TSC
| $14.5M | 5.13% |
1,118,997
+649,453
| +138% | +$7.79M |
|
|
SGM
12
DELISTED
Stonegate Mortgage Corporation
SGM
| $13M | 4.63% |
1,294,549
+100,516
| +8% | +$1.06M |
|
13
Beazer Homes USA
BZH
$887M
| $13M | 4.61% |
650,586
+4,000
| +0.6% | +$73.6K |
|
|
FAC
14
DELISTED
First Acceptance Corp.
FAC
| $11.7M | 4.17% |
3,669,757
+118,998
| +3% | +$360K |
|
15
OFG Bancorp
OFG
$2.25B
| $8.16M | 2.89% |
764,600
+40,000
| +6% | +$574K |
|
|
FMD
16
DELISTED
FIRST MARBLEHEAD CORP COM STK NEW (DE)
FMD
| $6.61M | 2.34% |
1,147,161
-21,000
| -2% | -$134K |
|
|
ZIONW
17
DELISTED
Zions Bancorporation N.A. Warrants
ZIONW
| $4.11M | 1.46% |
760,225
+4,000
| +0.5% | +$18.3K |
|
|
RESI
18
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $2.79M | 0.99% |
165,311
-5,000
| -3% | -$94.1K |
|
19
First United
FUNC
$286M
| $2.44M | 0.87% |
282,086
-4,000
| -1% | -$35.1K |
|
20
QCR Holdings
QCRH
$1.68B
| $1.93M | 0.68% |
+88,632
| New | +$1.79M |
|
21
Genworth Financial
GNW
$3.91B
| $1.14M | 0.4% |
+150,000
| New | +$1.2M |
|
22
Citigroup
C
$231B
| $829K | 0.29% |
+15,000
| New | +$816K |
|
23
JPMorgan Chase
JPM
$953B
| $678K | 0.24% |
+10,000
| New | +$653K |
|
|
RATE
24
DELISTED
Bankrate Inc
RATE
| $472K | 0.17% |
+45,000
| New | +$545K |
|
|
BAC.WS.B
25
DELISTED
Bank Of America Corporation Ws B
BAC.WS.B
| $382K | 0.14% |
741,000
| – | – |
|
Similar funds
MTM
CG1
LMAM
VIA
ST
MI
MCS
BCM
Second Curve Capital's Q2 2015 Portfolio in Review
As of Q2 2015, Second Curve Capital held 29 positions worth $282M, up 11% from $253M the previous quarter. Its ten largest holdings account for 71% of the portfolio.
Second Curve Capital deployed $16.1M of net new capital in Q2 2015, opening 5 new positions and adding to 14 existing holdings. Its largest new stake was QCR Holdings: 88,632 shares worth $1.93M.
By sector, the portfolio is most concentrated in Financials at 69% of assets, up from 69% a quarter earlier, followed by Consumer Discretionary and Miscellaneous.
On the sell side, the largest reduction was LendingTree, an estimated $6.69M trimmed.
- Second Curve Capital's largest Q2 2015 buy was QCR Holdings: 88,632 shares worth $1.93M.
- Second Curve Capital added most to TriState Capital Holdings, Inc. in Q2 2015, an estimated $7.79M increase.
- Second Curve Capital's biggest Q2 2015 reduction was LendingTree, cutting an estimated $6.69M.
- Second Curve Capital fully exited First Bancorp in Q2 2015, selling an estimated $5.33M.
- Second Curve Capital's ten largest holdings make up 71% of its $282M portfolio in Q2 2015.
- Second Curve Capital opened 5 new positions and closed 3 in Q2 2015.
- Second Curve Capital's portfolio value rose 11% quarter-over-quarter to $282M.
Based on Second Curve Capital's 13F filing for Q2 2015, filed 12 Aug 2015.