13F-HR 1 scc13f63009.txt SCC JUNE 2009 13F UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F-HR Form 13F COVER PAGE Report for the Calendar Year of Quarter Ended: June 30, 2009 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.):[ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Second Curve Capital, LLC Address: 237 Park Ave 9th Floor New York, NY 10017 Form 13F File Number: 028-06413 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this submission. Person Signing this Report on Behalf of Reporting Manager: Name: Stephen Krug Title: Chief Operating Officer Phone: 646-563-7610 Signature, Place, and Date of Signing: Stephen Krug New York, NY February 13, 2008 Report Type (Check only one.): [X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total:21 Form 13F Information Table Value Total: $ 144,809 (thousands) List of Other Included Managers: None FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED BOSTON PRIVATE FINANCIAL HOLDINGS INC. COM 101119105 23,549 5256554 SH SOLE 5256554 COMPUCREDIT CORP COM 20478N100 1,896 824300 SH SOLE 824300 ENCORE CAPITAL GROUP INC COM 292554102 9,890 746385 SH SOLE 746385 FIDELITY NATIONAL FINANCIAL INC COM 31620R105 7,185 531040 SH SOLE 531040 FIFTH THIRD BANCORP COM 316773100 17,666 2488100 SH SOLE 2488100 HIGHBURY FINANCIAL INC COM 42982Y109 1,688 402000 SH SOLE 402000 HIGHBURY FINANCIAL INC WARRANTS WTS 42982Y117 36 600000 SH SOLE 600000 KEYCORP COM 493267108 4,899 935000 SH SOLE 935000 LEGG MASON INC COM 524901105 6,339 260000 SH SOLE 260000 MBIA INC COM 55262C100 1,218 281395 SH SOLE 281395 MORGAN STANLEY COM 617446448 10,067 353100 SH SOLE 353100 NARA BANCORP INC COM 63080P105 2,606 503000 SH SOLE 503000 OCWEN FINANCIAL CORP COM 675746309 5,663 436600 SH SOLE 436600 PORTFOLIO RECOVERY ASSOCIATES INC COM 73640Q105 15,164 391524 SH SOLE 391524 PRIMUS GUARANTY LTD COM G72457107 16,087 6816566 SH SOLE 6816566 STATE STREET CORP COM 857477103 8,909 188750 SH SOLE 188750 SUN AMERICAN BANCORP COM 86664A103 235 480000 SH SOLE 480000 TAYLOR CAPITAL GROUP INC COM 876851106 1,192 174052 SH SOLE 174052 TREE COM INC COM 894675107 5,215 543270 SH SOLE 543270 WEST COAST BANCORP COM 952145100 565 276978 SH SOLE 276978 ZIONS BANCORP COM 989701107 4,740 410000 SH SOLE 410000