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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
+23.26%
1 Year Est. Return
+66.93%
3 Year Est. Return
+159.53%
5 Year Est. Return
+126.53%
10 Year Est. Return
–
AUM
$175M
AUM Growth
+$45.5M
(+35%)
Cap. Flow
+$17.3M
Cap. Flow
% of AUM
9.9%
Top 10 Holdings %
Top 10 Hldgs %
86.88%
Holding
20
New
3
Increased
12
Reduced
2
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
OneMain Financial
OMF
|
+$5.42M |
| 2 |
BAC.WS.A
Bank Of America Corporation Ws A
BAC.WS.A
|
+$2.73M |
| 3 |
Capital One
COF
|
+$2.71M |
| 4 |
NWHM
THE NEW HOME COMPANY INC.
NWHM
|
+$1.86M |
| 5 |
The Bancorp
TBBK
|
+$1.67M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Regional Management Corp
RM
|
+$1.14M |
| 2 |
Consumer Portfolio Services
CPSS
|
+$101K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 73.63% |
| 2 | Consumer Discretionary | 15.25% |
| 3 | Miscellaneous | 11.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TSC
1
DELISTED
TriState Capital Holdings, Inc.
TSC
| $22.2M | 12.71% |
1,375,015
+44,503
| +3% | +$659K |
|
|
2
Regional Management Corp
RM
$311M
| $20.6M | 11.78% |
950,623
-58,595
| -6% | -$1.14M |
|
|
NEWS
3
DELISTED
NewStar Financial, Inc.
NEWS
| $16.4M | 9.37% |
1,687,188
+12,126
| +0.7% | +$120K |
|
4
Pathward Financial
CASH
$1.73B
| $15.7M | 8.97% |
776,196
+53,766
| +7% | +$1.03M |
|
|
5
The Bancorp
TBBK
$2.73B
| $15.4M | 8.83% |
2,403,468
+289,087
| +14% | +$1.67M |
|
|
NWHM
6
DELISTED
THE NEW HOME COMPANY INC.
NWHM
| $15.3M | 8.78% |
1,438,259
+186,878
| +15% | +$1.86M |
|
|
BAC.WS.A
7
DELISTED
Bank Of America Corporation Ws A
BAC.WS.A
| $14.5M | 8.29% |
3,135,144
+659,322
| +27% | +$2.73M |
|
|
WLH
8
DELISTED
WILLIAM LYON HOMES
WLH
| $11.3M | 6.47% |
609,200
+85,000
| +16% | +$1.44M |
|
|
9
Consumer Portfolio Services
CPSS
$203M
| $10.7M | 6.15% |
2,341,384
-25,000
| -1% | -$101K |
|
|
SGM
10
DELISTED
Stonegate Mortgage Corporation
SGM
| $9.68M | 5.54% |
2,113,711
+54,800
| +3% | +$209K |
|
|
11
OneMain Financial
OMF
$7.44B
| $5.82M | 3.33% |
+188,104
| New | +$5.42M |
|
|
ZIONW
12
DELISTED
Zions Bancorporation N.A. Warrants
ZIONW
| $4.63M | 2.65% |
1,142,543
+8,004
| +0.7% | +$25.3K |
|
|
FAC
13
DELISTED
First Acceptance Corp.
FAC
| $4.15M | 2.37% |
4,105,754
| – | – |
|
14
QCR Holdings
QCRH
$1.68B
| $2.99M | 1.71% |
94,171
+13,000
| +16% | +$388K |
|
|
15
Capital One
COF
$135B
| $2.84M | 1.62% |
+39,500
| New | +$2.71M |
|
16
First United
FUNC
$286M
| $1.65M | 0.95% |
133,614
+4,000
| +3% | +$41.3K |
|
17
Affiliated Managers Group
AMG
$9.57B
| $290K | 0.17% |
2,000
| – | – |
|
18
OceanFirst Financial
OCFC
$1.88B
| $226K | 0.13% |
+11,735
| New | +$224K |
|
|
BAC.WS.B
19
DELISTED
Bank Of America Corporation Ws B
BAC.WS.B
| $74K | 0.04% |
741,000
| – | – |
|
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Second Curve Capital's Q3 2016 Portfolio in Review
As of Q3 2016, Second Curve Capital held 20 positions worth $175M, up 35% from $129M the previous quarter. Its ten largest holdings account for 87% of the portfolio.
Second Curve Capital deployed $17.3M of net new capital in Q3 2016, opening 3 new positions and adding to 12 existing holdings. Its largest new stake was OneMain Financial: 188,104 shares worth $5.82M.
By sector, the portfolio is most concentrated in Financials at 74% of assets, down from 75% a quarter earlier, followed by Consumer Discretionary and Miscellaneous.
On the sell side, the largest reduction was Regional Management Corp, an estimated $1.14M trimmed.
- Second Curve Capital's largest Q3 2016 buy was OneMain Financial: 188,104 shares worth $5.82M.
- Second Curve Capital added most to Bank Of America Corporation Ws A in Q3 2016, an estimated $2.73M increase.
- Second Curve Capital's biggest Q3 2016 reduction was Regional Management Corp, cutting an estimated $1.14M.
- Second Curve Capital's ten largest holdings make up 87% of its $175M portfolio in Q3 2016.
- Second Curve Capital opened 3 new positions and closed 0 in Q3 2016.
- Second Curve Capital's portfolio value rose 35% quarter-over-quarter to $175M.
Based on Second Curve Capital's 13F filing for Q3 2016, filed 14 Nov 2016.