13F-HR 1 scc13f63010.txt SCC JUNE 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: June 30, 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 August 12, 2010 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:22 Form 13F Information Table Value Total: $ 254,373 (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 9,176 370927 SH SOLE 370927 ASSOCIATED BANC CORP COM 045487105 5,895 480847 SH SOLE 480847 BANNER CORPORATION COM 06652V109 3,960 2000000 SH SOLE 2000000 CAPITAL ONE FINANCIAL CORP COM 14040H105 2,821 70000 SH SOLE 70000 CAPITALSOURCE INC COM 14055X102 2,737 575000 SH SOLE 575000 CENTER FINANCIAL CORP COM 15146E102 3,375 655351 SH SOLE 655351 COBIZ FINANCIAL INC COM 190897108 16,473 2499622 SH SOLE 2499622 COMPUCREDIT CORP COM 20478T107 14,729 3719543 SH SOLE 3719543 ENCORE CAPITAL GROUP INC COM 292554102 13,611 660385 SH SOLE 660385 FIFTH THIRD BANCORP COM 316773100 6,311 513472 SH SOLE 513472 FIRST MERCHANTS CORP COM 320817109 297 35000 SH SOLE 35000 NEWSTAR FINANCIAL INC COM 65251F105 6,328 995000 SH SOLE 995000 OCWEN FINANCIAL CORP COM 675746309 25,798 2531707 SH SOLE 2531707 PRIMUS GUARANTY LTD COM G72457107 22,307 6045266 SH SOLE 6045266 RODMAN AND RENSHAW CAPITAL GROUP COM 77487R100 143 50000 SH SOLE 50000 SYNOVUS FINANCIAL CORP COM 87161C105 37,576 14793981 SH SOLE 14793981 TAYLOR CAPITAL GROUP INC COM 876851106 20,643 1595283 SH SOLE 1595283 TENNESSEE COMMERCE BANCORP COM 88043P108 221 34221 SH SOLE 34221 TREE COM INC COM 894675107 4,484 709458 SH SOLE 709458 WESTERN ALLIANCE BANCORP COM 957638109 25,241 3520383 SH SOLE 3520383 WINTRUST FINANCIAL CORP COM 97650W108 25,935 777883 SH SOLE 777883 ZIONS BANCORP COM 989701107 6,312 292612 SH SOLE 292612