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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
-52.97%
1 Year Est. Return
+66.93%
3 Year Est. Return
+159.53%
5 Year Est. Return
+126.53%
10 Year Est. Return
AUM
$12M
AUM Growth
-$176M
Cap. Flow
-$149M
Cap. Flow %
-1,236.6%
Top 10 Hldgs %
100%
Holding
18
New
1
Increased
Reduced
8
Closed
9

Top Buys

1
BAC icon
Bank of America
BAC
+$300K

Sector Composition

1 Financials 93.93%
2 Consumer Discretionary 6.07%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake
Capital Flow
CURO
1
DELISTED
CURO Group Holdings Corp.
CURO
$4.37M 36.36%
823,993
-937,500
-53% -$8.95M
MVBF icon
2
MVB Financial
MVBF
$384M
$2.76M 23%
216,578
-415,067
-66% -$7.67M
TBBK icon
3
The Bancorp
TBBK
$2.89B
$1.51M 12.55%
248,274
-1,308,487
-84% -$14M
TSC
4
DELISTED
TriState Capital Holdings, Inc.
TSC
$1.04M 8.7%
108,098
-478,305
-82% -$9.58M
ECPG icon
5
Encore Capital Group
ECPG
$1.98B
$1.02M 8.52%
43,742
-427,970
-91% -$14.4M
NWHM
6
DELISTED
THE NEW HOME COMPANY INC.
NWHM
$729K 6.07%
532,029
-1,430,400
-73% -$6.21M
BAC icon
7
Bank of America
BAC
$432B
$212K 1.77%
+10,000
New +$300K
SCHW
8
Charles Schwab
SCHW
$179B
$205K 1.71%
6,100
-70,000
-92% -$2.94M
STL
9
DELISTED
Sterling Bancorp
STL
$161K 1.34%
15,428
-245,772
-94% -$4.24M
ALLY icon
10
Ally Financial
ALLY
$14.3B
-590,500
Closed -$18M
BANC icon
11
Banc of California
BANC
$3.31B
-552,341
Closed -$9.49M
CASH icon
12
Pathward Financial
CASH
$1.96B
-468,772
Closed -$17.1M
COF icon
13
Capital One
COF
$131B
-87,369
Closed -$8.99M
EGBN icon
14
Eagle Bancorp
EGBN
$847M
-245,000
Closed -$11.9M
OCFC icon
15
OceanFirst Financial
OCFC
$1.76B
-10,000
Closed -$255K
OMF icon
16
OneMain Financial
OMF
$7.08B
-340,643
Closed -$14.4M
OZK icon
17
Bank OZK
OZK
$5.8B
-10,000
Closed -$305K
PACW
18
DELISTED
PacWest Bancorp
PACW
-10,000
Closed -$383K

Similar funds

Second Curve Capital's Q1 2020 Portfolio in Review

As of Q1 2020, Second Curve Capital held 18 positions worth $12M, down 94% from $189M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Second Curve Capital withdrew a net $149M in Q1 2020, closing 9 positions and reducing 8 holdings. Its most notable exit was Ally Financial, an estimated $18M position sold in full.

By sector, the portfolio is most concentrated in Financials at 94% of assets, down from 95% a quarter earlier, followed by Consumer Discretionary.

Against the trend, Second Curve Capital opened a new position in Bank of America worth $212K.

  • Second Curve Capital's largest Q1 2020 buy was Bank of America: 10,000 shares worth $212K.
  • Second Curve Capital's biggest Q1 2020 reduction was Encore Capital Group, cutting an estimated $14.4M.
  • Second Curve Capital fully exited Ally Financial in Q1 2020, selling an estimated $18M.
  • Second Curve Capital's ten largest holdings make up 100% of its $12M portfolio in Q1 2020.
  • Second Curve Capital opened 1 new position and closed 9 in Q1 2020.
  • Second Curve Capital's portfolio value fell 94% quarter-over-quarter to $12M.

Based on Second Curve Capital's 13F filing for Q1 2020, filed 15 May 2020.