SECOND CURVE CAPITAL LLC

CIK

1136704

Location

Radnor, PA

Portfolio Value

Micro $70,558,564

Diversification

Diversified

Filing Date

Global Rank

#5,184 / 6,772 ▼ 364

Top Industry

Banks - Regional 57.5%

3Y Alpha vs SPY

+2.0%

Period ended 4 years ago

Filed Feb 11, 2022 · 4y

8 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+89.8%

SPY

+76.3%

Annualised alpha

+3.0%

Max drawdown

−24.9%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

20 positions · as of Dec 31, 2021 · Δ vs Sep 30, 2021

Top Position

9.6%

−2.4 pts

Top 5

41.7%

−6.0 pts

Top 10

76.4%

−0.5 pts

HHI

672

Diversified−60

Portfolio Trend

8 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2021

Sector	% Portfolio	Value	Positions
Financial Services	98.1%	$69,191,164	19
Technology	1.9%	$1,367,400	1

Last Quarter's Activity

Export CSV

Dec 31, 2021 vs Sep 30, 2021

Added To

Positions the filer increased

7 positions

Ticker	Company	Δ Shares	Shares	Value
CCB	Coastal Financial Corp	+47,000	113,753	$5,758,176
ALLY	Ally Financial Inc.	+34,000	135,650	$6,458,296
CASH	Pathward Financial, Inc.	+25,000	85,837	$5,121,035
ECPG	Encore Capital Group Inc	+21,700	83,042	$5,157,738
OMF	OneMain Holdings, Inc.	+19,500	100,089	$5,008,453
MYFW	First Western Financial Inc	+15,000	36,818	$1,117,794
COF	Capital One Financial Corp	+2,800	31,019	$4,500,546
No positions match the current search.

Trimmed

Positions the filer reduced

6 positions

Ticker	Company	Δ Shares	Shares	Value
TBBK	Bancorp, Inc.	−92,000	201,074	$5,089,182
RM	Regional Management Corp.	−28,386	27,403	$1,574,576
ENVA	Enova International, Inc.	−27,000	130,000	$5,324,800
QCRH	Qcr Holdings Inc	−10,000	45,000	$2,520,000
MVBF	Mvb Financial Corp	−4,281	162,403	$6,742,972
TFIN	Triumph Financial, Inc.	−3,000	39,752	$4,733,668
No positions match the current search.

New Positions

Positions the filer opened this quarter

5 positions

Ticker	Company	Shares	Value
MCB	Metropolitan Bank Holding Corp.	37,600	$4,005,528
AX	Axos Financial, Inc.	20,000	$1,118,200
INBK	First Internet Bancorp	20,000	$940,800
C	Citigroup Inc	10,000	$603,900
CBNK	Capital Bancorp Inc	18,000	$471,600
No positions match the current search.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
COIN	Coinbase Global, Inc.	13,000	$2,957,240
RBB	RBB Bancorp	49,593	$1,250,239
KEY	Keycorp /New/	12,500	$270,250
BWB	Bridgewater Bancshares Inc	10,000	$175,100
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

20 positions · $70,558,564 total · as of Dec 31, 2021

All sectors Financial Services Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MVBF	Mvb Financial Corp Financial Services	Reduced	162,403	-4,281	$6,742,972	−5.5%	9.56%
ALLY	Ally Financial Inc. Financial Services	Added	135,650	+34,000	$6,458,296	+24.5%	9.15%
CCB	Coastal Financial Corp Financial Services	Added	113,753	+47,000	$5,758,176	+170.8%	8.16%
ENVA	Enova International, Inc. Financial Services	Reduced	130,000	-27,000	$5,324,800	−1.8%	7.55%
ECPG	Encore Capital Group Inc Financial Services	Added	83,042	+21,700	$5,157,738	+70.7%	7.31%
CASH	Pathward Financial, Inc. Financial Services	Added	85,837	+25,000	$5,121,035	+60.4%	7.26%
TBBK	Bancorp, Inc. Financial Services	Reduced	201,074	-92,000	$5,089,182	−31.8%	7.21%
OMF	OneMain Holdings, Inc. Financial Services	Added	100,089	+19,500	$5,008,453	+12.3%	7.10%
TFIN	Triumph Financial, Inc. Financial Services	Reduced	39,752	-3,000	$4,733,668	+10.6%	6.71%
COF	Capital One Financial Corp Financial Services	Added	31,019	+2,800	$4,500,546	−1.5%	6.38%
MCB	Metropolitan Bank Holding Corp. Financial Services	NEW	37,600	NEW	$4,005,528	NEW	5.68%
CNOB	ConnectOne Bancorp, Inc. Financial Services	Held	90,000	0	$2,943,900	+9.0%	4.17%
QCRH	Qcr Holdings Inc Financial Services	Reduced	45,000	-10,000	$2,520,000	−10.9%	3.57%
RM	Regional Management Corp. Financial Services	Reduced	27,403	-28,386	$1,574,576	−51.5%	2.23%
IIIV	i3 Verticals, Inc. Technology	Held	60,000	0	$1,367,400	−5.9%	1.94%
AX	Axos Financial, Inc. Financial Services	NEW	20,000	NEW	$1,118,200	NEW	1.58%
MYFW	First Western Financial Inc Financial Services	Added	36,818	+15,000	$1,117,794	+77.6%	1.58%
INBK	First Internet Bancorp Financial Services	NEW	20,000	NEW	$940,800	NEW	1.33%
C	Citigroup Inc Financial Services	NEW	10,000	NEW	$603,900	NEW	0.86%
CBNK	Capital Bancorp Inc Financial Services	NEW	18,000	NEW	$471,600	NEW	0.67%