Second Curve Capital Top Picks Include NewStar Financial Inc (NEWS), Bank of America Corp (BAC) & Others

In the current round of 13F filings, hedge funds and other institutional investors are disclosing their equity portfolios as held at the end of the last year. One of those is Tom Brown’s Second Curve Capital. In its latest 13F, the fund revealed its holdings as held at the end of the fourth quarter of 2013.

NewStar Financial Inc (NASDAQ:NEWS)

The total value of Second Curve Capital’s equity portfolio increased to $481.59 million in the fourth quarter from $445.41 million disclosed in the third quarter. We have picked the top five holdings of the fund in terms of value.

On the first spot is NewStar Financial Inc (NASDAQ:NEWS), in which Second Curve Capital disclosed ownership of 4.94 million shares, worth $87.80 million. NewStar Financial Inc (NASDAQ:NEWS), a specialized commercial finance company, on Feb. 12 reported consolidated net income of $6.4 million for the fourth quarter of 2013.

The second position is held by Bank of America Corp. (NYSE:BAC), in which Second Curve Capital reported holding 8.86 million shares, with a reported value of $57.35 million. The fund held 9.27 million shares of Bank of America Corp. (NYSE:BAC) at the end of third quarter.

The next is Bancorp Inc (NASDAQ:TBBK), in which the fund disclosed holding 2.76 million shares worth $49.48 million. Bancorp Inc. (NASDAQ:TBBK) reported a 40% increase in fourth-quarter 2013 net income, to $7.3 million from $5.2 million in fourth quarter of 2012, an increase of 40%.

The fourth is Regional Management Corp (NYSE:RM), in which the fund reported raising its stake to 950,231 shares, from 490,982 held at the end of the third quarter of 2013. Regional Management Corp. (NYSE:RM) is a diversified specialty consumer finance company providing a broad array of loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other traditional lenders.

The fifth position is held by Tree.com Inc (NASDAQ:TREE), in which the fund disclosed owning 937,312 shares, up from 850,292 held at the end of the third quarter.

Disclosure: none

Recommended Reading:

Hedge Fund News: Whitney Tilson, Daniel Loeb & Ray Dalio

Deerfield Management Further Raises Its Position in Auspex Pharmaceuticals Inc (ASPX)

Iroquois Capital Edges up Stake in National Holdings Corporation (NHLD)

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!