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
-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
(-94%)
Cap. Flow
-$149M
Cap. Flow
% of AUM
-1,236.6%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
18
New
1
Increased
–
Reduced
8
Closed
9
Top Buys
| 1 |
Bank of America
BAC
|
+$300K |
Top Sells
| 1 |
Ally Financial
ALLY
|
+$18M |
| 2 |
Pathward Financial
CASH
|
+$17.1M |
| 3 |
Encore Capital Group
ECPG
|
+$14.4M |
| 4 |
OneMain Financial
OMF
|
+$14.4M |
| 5 |
The Bancorp
TBBK
|
+$14M |
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 |
|
2
MVB Financial
MVBF
$384M
| $2.76M | 23% |
216,578
-415,067
| -66% | -$7.67M |
|
|
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 |
|
|
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 |
|
|
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 |
|
|
10
Ally Financial
ALLY
$14.3B
| – | – |
-590,500
| Closed | -$18M |
|
11
Banc of California
BANC
$3.31B
| – | – |
-552,341
| Closed | -$9.49M |
|
|
12
Pathward Financial
CASH
$1.96B
| – | – |
-468,772
| Closed | -$17.1M |
|
13
Capital One
COF
$131B
| – | – |
-87,369
| Closed | -$8.99M |
|
14
Eagle Bancorp
EGBN
$847M
| – | – |
-245,000
| Closed | -$11.9M |
|
15
OceanFirst Financial
OCFC
$1.76B
| – | – |
-10,000
| Closed | -$255K |
|
|
16
OneMain Financial
OMF
$7.08B
| – | – |
-340,643
| Closed | -$14.4M |
|
17
Bank OZK
OZK
$5.8B
| – | – |
-10,000
| Closed | -$305K |
|
|
PACW
18
DELISTED
PacWest Bancorp
PACW
| – | – |
-10,000
| Closed | -$383K |
|
Similar funds
MTM
CG1
LMAM
VIA
ST
MI
MCS
BCM
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.