13F-HR 1 scc13f33110.txt SCC MAR 2010 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: March 31, 2010 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 September 13, 2009 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:20 Form 13F Information Table Value Total: $ 257,330 (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 ALTISOURCE PORTFOLIO SOL COM 044540827 1,190 53144 SH SOLE 53144 ASSOCIATED BANC CORP COM 045487105 9,335 678408 SH SOLE 678408 CENTER FINANCIAL CORP COM 15146E102 2,037 420000 SH SOLE 420000 COBIZ FINANCIAL INC COM 190897108 12,468 2001202 SH SOLE 2001202 COMPUCREDIT CORP COM 20478N100 13,813 2677024 SH SOLE 2677024 ENCORE CAPITAL GROUP INC COM 292554102 10,710 651085 SH SOLE 651085 FIFTH THIRD BANCORP COM 316773100 10,747 792589 SH SOLE 792589 FIRST BUSEY CORP COM 319383105 88 20000 SH SOLE 20000 HIGHBURY FINANCIAL INC COM 42982Y109 6,974 1002000 SH SOLE 1002000 NARA BANCORP INC COM 63080P105 7,721 881358 SH SOLE 881358 NEWSTAR FINANCIAL INC COM 65251F105 128 20000 SH SOLE 20000 OCWEN FINANCIAL CORP COM 675746309 12,306 1109664 SH SOLE 1109664 PRIMUS GUARANTY LTD COM G72457107 24,430 5816566 SH SOLE 5816566 REGIONS FINANCIAL CORP COM 7591EP100 11,889 1514477 SH SOLE 1514477 SYNOVUS FINANCIAL CORP COM 87161C105 44,032 13383625 SH SOLE 13383625 TAYLOR CAPITAL GROUP INC COM 876851106 17,266 1330191 SH SOLE 1330191 TREE COM INC COM 894675107 6,263 684458 SH SOLE 684458 WESTERN ALLIANCE BANCORP COM 957638109 13,315 2340000 SH SOLE 2340000 WINTRUST FINANCIAL CORP COM 97650W108 33,947 912303 SH SOLE 912303 ZIONS BANCORP COM 989701107 18,671 854918 SH SOLE 854918