13F-HR 1 scc13f123104.txt SECOND CURVE CAPITAL 13F FILING AS OF 12/31/04 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: December 31, 2004 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 February 15, 2004 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: 27 Form 13F Information Table Value Total: $586,640 (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 39,885 588800 SH SOLE 588800 AMERICREDIT CORP COM 03060R101 30,061 1229502 SH SOLE 1229502 AMERITRADE HOLDING CORP COM 03074K100 9,641 678000 SH SOLE 678000 BANKATLANTIC BANCORP INC-CL A COM 065908501 3,641 182950 SH SOLE 182950 BOSTON PRIVATE FINANCIAL HLDGS COM 101119105 7,834 278100 SH SOLE 278100 BRISTOL WEST HOLDINGS INC COM 11037M105 406 20300 SH SOLE 20300 CAPITAL ONE FINANCIAL CORP COM 14040H105 74,475 884400 SH SOLE 884400 COMMERCE BANCORP INC - N.J. COM 200519106 49,768 772800 SH SOLE 772800 COMPUCREDIT CORP COM 20478N100 2,734 100000 SH SOLE 100000 CORUS BANKSHARES INC COM 220873103 6,227 129700 SH SOLE 129700 E-LOAN INC COM 26861P107 16,912 5003500 SH SOLE 5003500 FIRST ACCEPTANCE CORP COM 318457108 896 100000 SH SOLE 100000 INVESTORS FINANCIAL SERVICES COM 461915100 74,773 1496050 SH SOLE 1496050 IRWIN FINANCIAL CORP COM 464119106 3,975 140000 SH SOLE 140000 LEGG MASON INC COM 524901105 17,582 240000 SH SOLE 240000 METRIS COMPANIES INC COM 591598107 69,823 5476325 SH SOLE 5476325 MONEYGRAM INTERNATIONAL INC COM 60935Y109 16,156 764250 SH SOLE 764250 MORGAN STANLEY DEAN WITTER COM 617446448 29,703 535000 SH SOLE 535000 NETBANK INC COM 640933107 18,566 1783500 SH SOLE 1783500 NOVASTAR FINANCIAL INC COM 669947400 17,276 349000 SH SOLE 349000 PINNACLE FINL PARTNERS INC COM 72346Q104 968 42800 SH SOLE 42800 PORTFOLIO RECOVERY ASSOCIATES COM 73640Q105 34,994 848965 SH SOLE 848965 PRIVATEBANCORP INC COM 742962103 738 22900 SH SOLE 22900 PROVIDIAN FINANCIAL CORP COM 74406A102 28,054 1703340 SH SOLE 1703340 STATE STREET CORP COM 857477103 8,350 170000 SH SOLE 170000 UCBH HOLDINGS INC COM 90262T308 8,791 191850 SH SOLE 191850 WILLIS GROUP HOLDINGS LTD COM G96655108 14,410 350000 SH SOLE 350000