SECOND CURVE CAPITAL LLC Information

350 FIFTH AVENUE, NEW YORK, New York, 10118, (646) 563-7635

Report Date: 12/31/2014

Position Statistics

Total Positions 28
New Positions 3
Increased Positions 12
Decreased Positions 13
Positions with Activity 25
Sold Out Positions 3
Total Mkt Value (in $ millions) 242

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials
Capital Goods 9.58%
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical
Energy
Financial 76.74%
Healthcare
Services 1.24%
Technology
Transportation
Utilities

28 Positions as of 12/31/2014

Company Class ▲ Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
LYON WILLIAM HOMES CL A NEW 13,292 -3,094 (18.88) 599,300
ALTISOURCE RESIDENTIAL CORP CL B 2,435 -1,054 (30.22) 127,000
BANCORP INC DEL COM 21,048 -6,188 (22.72) 2,204,003
BANK AMER CORP COM 322 New 20,000
CONSUMER PORTFOLIO SVCS INC COM 13,827 -330 (2.33) 2,088,743
FIRST ACCEPTANCE CORP COM 9,997 812 8.85 3,224,807
FIRST UTD CORP COM 2,466 43 1.78 286,086
HILLTOP HOLDINGS INC COM -605 Sold Out 0
LENDINGTREE INC NEW COM 19,697 -7,931 (28.71) 357,991
META FINL GROUP INC COM 17,444 1,406 8.76 439,494
NEW HOME CO INC COM 13,972 3,520 33.68 935,802
NEWSTAR FINANCIAL INC COM 33,091 -11,796 (26.28) 2,918,114
OFG BANCORP COM 6,798 -4,108 (37.67) 491,200
PRA GROUP INC COM 382 382 New 7,000
REGIONAL MGMT CORP COM 22,086 721 3.38 1,304,520
SERVISFIRST BANCSHARES INC COM 6,347 2,254 55.05 177,939
STONEGATE MTG CORP COM 9,744 941 10.69 906,443
WALTER INVT MGMT CORP COM 176 176 New 10,000
BEAZER HOMES USA INC COM NEW 9,866 -980 (9.04) 546,586
CITIGROUP INC COM NEW 269 New 5,000