13F-HR 1 scc13f33109.txt SCC 3.31.09 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, 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:16 Form 13F Information Table Value Total: $ 80,066 (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 BANK OF AMERICA CORP COM 060505104 1,091 160000 SH SOLE 160000 BOSTON PRIVATE FINANCIAL HOLDINGS INC. COM 101119105 13,122 3738389 SH SOLE 3738389 CAPITAL ONE FINANCIAL COM 14040H105 347 28332 SH SOLE 28332 CITIGROUP INC COM 172967101 38 15000 SH SOLE 15000 COMPUCREDIT CORP COM 20478N100 1,860 759300 SH SOLE 759300 ENCORE CAPITAL GROUP INC COM 292554102 845 186497 SH SOLE 186497 FIDELITY NATIONAL FINANCIAL INC COM 31620R105 4,781 245040 SH SOLE 245040 FIFTH THIRD BANCORP COM 316773100 14,578 4992600 SH SOLE 4992600 HIGHBURY FINANCIAL INC COM 42982Y109 945 402000 SH SOLE 402000 MORGAN STANLEY COM 617446448 9,591 421200 SH SOLE 421200 OCWEN FINANCIAL CORP COM 675746309 5,005 437900 SH SOLE 437900 PRIMUS GUARANTY LTD COM G72457107 10,702 6816566 SH SOLE 6816566 STATE STREET CORP COM 857477103 13,502 438650 SH SOLE 438650 SUN AMERICAN BANCORP COM 86664A103 475 500000 SH SOLE 500000 TREE COM INC COM 894675107 2,330 504354 SH SOLE 504354 WELLS FARGO & CO COM 949746101 854 60000 SH SOLE 60000