13F-HR 1 scc13f063005.txt SECOND CURVE CAPITAL 13F FILING AS OF JUNE 30, 2005 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, 2005 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: 200 Park Avenue Suite 3300 New York, NY 10166 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: 212-808-3546 Signature, Place, and Date of Signing: Stephen Krug New York, NY August 12, 2005 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: 23 Form 13F Information Table Value Total: $551,613 (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 NONE AFFILIATED MANAGERS GROUP INC COM 008252108 30,448 445600 SH SOLE 445600 AMERICAN INTERNATIONAL GROUP COM 026874107 18,011 310000 SH SOLE 310000 AMERICAS CAR MART INC COM 03062T105 2,634 116999 SH SOLE 116999 AMERICREDIT CORP COM 03060R101 28,042 1099702 SH SOLE 1099702 CAPITAL ONE FINANCIAL CORP COM 14040H105 93,988 1174700 SH SOLE 1174700 COMMERCE BANCORP INC - N.J. COM 200519106 14,509 478700 SH SOLE 478700 COMPUCREDIT CORP COM 20478N100 54,987 1604050 SH SOLE 1604050 CORUS BANKSHARES INC COM 220873103 1,798 32400 SH SOLE 32400 E-LOAN INC COM 26861P107 16,578 4963550 SH SOLE 4963550 FIRST ACCEPTANCE CORP COM 318457108 17,624 1863000 SH SOLE 1863000 FIRST MARBLEHEAD CORP COM 320771108 69,156 1972500 SH SOLE 1972500 INVESTORS FINANCIAL SERVICES COM 461915100 47,165 1247100 SH SOLE 1247100 MBIA INC COM 55262C100 8,897 150000 SH SOLE 150000 METRIS COMPANIES INC COM 591598107 54,817 3790975 SH SOLE 3790975 NETBANK INC COM 640933107 16,110 1728500 SH SOLE 1728500 PORTFOLIO RECOVERY ASSOCIATES COM 73640Q105 38,363 912965 SH SOLE 912965 PRIMUS GUARANTY LTD COM G72457107 3,504 242000 SH SOLE 242000 PRIVATEBANCORP INC COM 742962103 2,528 71450 SH SOLE 71450 QC HOLDINGS INC COM 74729T101 6,245 432500 SH SOLE 432500 SIGNATURE BANK COM 82669G104 9,521 390201 SH SOLE 390201 SVB FINACIAL GROUP COM 78486Q101 1,437 30000 SH SOLE 30000 UCBH HOLDINGS INC COM 90262T308 13,679 842300 SH SOLE 842300 WADDELL & REED FINANCIAL INC COM 930059100 1,573 85000 SH SOLE 85000