13F-HR 1 scc13f093004.txt SECOND CURVE CAPITAL 13F FILING AS OF SEPTEMBER 30, 2004 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: September 30, 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 November 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: 24 Form 13F Information Table Value Total: $457,705 (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 29,447 550000 SH SOLE 550000 AMERICREDIT CORP COM 03060R101 30,725 1471488 SH SOLE 1471488 AMERITRADE HOLDING CORP COM 03074K100 15,613 1300000 SH SOLE 1300000 ASSET ACCEPTANCE CAPITAL CORP COM 04543P100 300 17700 SH SOLE 17700 BANKATLANTIC BANCORP INC-CL A COM 065908501 8,226 449000 SH SOLE 449000 BOSTON PRIVATE FINANCIAL HLDGS COM 101119105 3,494 140000 SH SOLE 140000 CAPITAL ONE FINANCIAL CORP COM 14040H105 74,233 1004500 SH SOLE 1004500 COMMERCE BANCORP INC - N.J. COM 200519106 51,778 938000 SH SOLE 938000 CORUS BANKSHARES INC COM 220873103 6,707 155500 SH SOLE 155500 E-LOAN INC COM 26861P107 9,958 4675200 SH SOLE 4675200 FIFTH THIRD BANCORP COM 316773100 9,844 200000 SH SOLE 200000 GOLDMAN SACHS GROUP INC COM 38141G104 12,587 135000 SH SOLE 135000 INVESTORS FINANCIAL SERVICES COM 461915100 15,796 350000 SH SOLE 350000 LEGG MASON INC COM 524901105 5,327 100000 SH SOLE 100000 METRIS COMPANIES INC COM 591598107 51,190 5234140 SH SOLE 5234140 MGIC INVESTMENT CORP-WIS COM 552848103 1,331 20000 SH SOLE 20000 MONEYGRAM INTERNATIONAL INC COM 60935Y109 12,084 707500 SH SOLE 707500 MORGAN STANLEY DEAN WITTER COM 617446448 17,255 350000 SH SOLE 350000 NETBANK INC COM 640933107 16,156 1614000 SH SOLE 1614000 NOVASTAR FINANCIAL INC COM 669947400 12,600 289000 SH SOLE 289000 PORTFOLIO RECOVERY ASSOCIATES COM 73640Q105 30,450 1036065 SH SOLE 1036065 PROVIDIAN FINANCIAL CORP COM 74406A102 30,793 1981540 SH SOLE 1981540 STATE STREET CORP COM 857477103 4,271 100000 SH SOLE 100000 UCBH HOLDINGS INC COM 90262T308 7,541 193000 SH SOLE 193000