Second Curve Capital 13F annual report
Second Curve Capital is an investment fund managing more than $93.1 million ran by Bradley Cymbol. There are currently 26 companies in Mr. Cymbol’s portfolio. The largest investments include CURO Corp and Mvb Finl Corp, together worth $16.6 million.
$93.1 million Assets Under Management (AUM)
As of 4th February 2022, Second Curve Capital’s top holding is 614,125 shares of CURO Corp currently worth over $9.83 million and making up 10.6% of the portfolio value.
Relative to the number of outstanding shares of CURO Corp, Second Curve Capital owns more than approximately 0.1% of the company.
In addition, the fund holds 162,403 shares of Mvb Finl Corp worth $6.74 million.
The third-largest holding is Ally Finl Inc worth $6.46 million and the next is Coastal Finl Corp Wa worth $5.76 million, with 113,753 shares owned.
Currently, Second Curve Capital's portfolio is worth at least $93.1 million. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Second Curve Capital
The Second Curve Capital office and employees reside in Radnor, Pennsylvania. According to the last 13-F report filed with the SEC, Bradley Cymbol serves as the Chief Financial Officer at Second Curve Capital.
Recent trades
In the most recent 13F filing, Second Curve Capital revealed that it had opened a new position in
Coastal Finl Corp Wa and bought 113,753 shares worth $5.76 million.
The investment fund also strengthened its position in CURO Corp by buying
77,432 additional shares.
This makes their stake in CURO Corp total 614,125 shares worth $9.83 million.
CURO Corp dropped 10.5% in the past year.
On the other hand, there are companies that Second Curve Capital is getting rid of from its portfolio.
Second Curve Capital closed its position in Tristate Cap Hldgs Inc on 11th February 2022.
It sold the previously owned 269,098 shares for $3.56 million.
Bradley Cymbol also disclosed a decreased stake in Mvb Finl Corp by 0.2%.
This leaves the value of the investment at $6.74 million and 162,403 shares.
One of the smallest hedge funds
The two most similar investment funds to Second Curve Capital are Millennium Tvp Management Co and Lead Edge Capital Management. They manage $93.1 million and $93 million respectively.
Bradley Cymbol investment strategy
Second Curve Capital’s portfolio is diversified across 3 sectors.
Currently, their heaviest sector is Finance — making up 49.7% of
the total portfolio value.
The fund focuses on investments in the United States as
50.0% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are small-cap stocks.
Stocks with a size of more than $100 million in market cap make up
8% of the total holdings value.
On the other hand, large-cap stocks make up only 3.8% of the portfolio.
The average market cap of the portfolio companies is close to $11.8 billion.
The complete list of Second Curve Capital trades based on 13F SEC filings
These positions were updated on February 11th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| CURO Group Holdings Corp |
14.43%
614,125
|
$9,832,000 | 10.56% |
| Mvb Finl Corp |
22.39%
162,403
|
$6,743,000 | 7.24% |
| Ally Finl Inc |
17.04%
135,650
|
$6,458,000 | 6.94% |
| Coastal Finl Corp Wa |
Opened
113,753
|
$5,758,000 | 6.19% |
| Enova International Inc. |
Opened
130,000
|
$5,325,000 | 5.72% |
| Encore Cap Group Inc |
38.08%
83,042
|
$5,158,000 | 5.54% |
| Meta Finl Group Inc |
Opened
85,837
|
$5,121,000 | 5.50% |
| Bancorp Inc. (The) |
50.97%
201,074
|
$5,089,000 | 5.47% |
| OneMain Holdings Inc |
365.77%
100,089
|
$5,008,000 | 5.38% |
| Veritex Holdings Inc |
Opened
121,178
|
$4,820,000 | 5.18% |
| Triumph Bancorp, Inc. |
148.45%
39,752
|
$4,734,000 | 5.09% |
| Capital One Finl Corp |
Opened
31,019
|
$4,500,000 | 4.83% |
| Metropolitan Bk Hldg Corp |
Opened
37,600
|
$4,005,000 | 4.30% |
| Tristate Cap Hldgs Inc |
Closed
269,098
|
$3,563,000 | |
| Atlanticus Holdings Corp |
Opened
49,000
|
$3,495,000 | 3.75% |
| ConnectOne Bancorp Inc. |
Opened
90,000
|
$2,944,000 | 3.16% |
| Qcr Holdings Inc |
Opened
45,000
|
$2,520,000 | 2.71% |
| SVB Financial Group |
Opened
3,500
|
$2,374,000 | 2.55% |
| Oceanfirst Finl Corp |
Closed
119,000
|
$1,629,000 | |
| Regional Mgmt Corp |
74.66%
27,403
|
$1,575,000 | 1.69% |
| i3 Verticals Inc |
Opened
60,000
|
$1,367,000 | 1.47% |
| Signature Bk New York N Y |
Opened
3,500
|
$1,132,000 | 1.22% |
| First Westn Finl Inc |
Opened
36,818
|
$1,118,000 | 1.20% |
| Axos Financial Inc. |
Opened
20,000
|
$1,118,000 | 1.20% |
| Equity Bancshares Inc |
Closed
61,000
|
$945,000 | |
| First Internet Bancorp |
48.15%
20,000
|
$941,000 | 1.01% |
| First Bk Williamstown New Je |
Opened
60,000
|
$871,000 | 0.94% |
| Citigroup Inc |
Opened
10,000
|
$604,000 | 0.65% |
| Pinnacle Finl Partners Inc |
Closed
15,000
|
$534,000 | |
| Capital Bancorp Inc Md |
Opened
18,000
|
$472,000 | 0.51% |
| No transactions found | |||
| Showing first 500 out of 30 holdings | |||
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