A long-term financial expert, Tom Brown, manages Second Curve Capital with a current portfolio value of $333 million and the fund primarily focuses over the finance sector, as per the recent SEC 13F filing. Second Curve Capital has 86.3% investments in finance, although it reported loss of 19.06% in the last four quarters. NewStar Financial Inc (NASDAQ:NEWS), Bank of America Corp (NYSE:BAC) and Bancorp Inc (NASDAQ:TBBK) are the top three investments of Second Curve Capital. (You can see complete list of Second Curve Capital holdings here).
NewStar Financial Inc (NASDAQ:NEWS) is the largest investment of Second Curve Capital with 3,945,166 shares valued at $55 million. NewStar Financial Inc (NASDAQ:NEWS) reported net loss of $1.9 million in the second quarter 2014 with net interest income of $19.6 million for the quarter. Corsair Capital LLC is the largest investor in NewStar Financial Inc (NASDAQ:NEWS) with investments worth $134 million in NewStar Financial Inc (NASDAQ:NEWS) followed by Second Curve Capital and Consector Capital ($16 million).
Second Curve Capital has its primary focus in Finance and Bank of America Corp (NYSE:BAC) is its second largest investments with 6,143,728 shares worth $42 million. Bank of America Corp (NYSE:BAC) announced net income of $2.3 billion for the second quarter 2014 with net revenue of $22.0 billion. Fairholme (Fairx) is the largest investor in Bank of America Corp (NYSE:BAC) investing $1.51 billion followed by Fisher Asset Management ($649 million) and Pzena Investment Management ($483 million).
Bancorp Inc (NASDAQ:TBBK) is the third largest investment of Second Curve Capital with investments worth $30 million and 2,566,995 shares. Bancorp Inc (NASDAQ:TBBK) announced net income of $338,000 for the second quarter 2014. Second Curve Capital is the largest investor of Bancorp Inc (NASDAQ:TBBK) followed by Endicott Management ($19 million) and Consector Capital ($10 million).
This article has been written by Prakash Pandey and edited by Serkan Unal.
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