Second Curve Starts New Tennessee Commerce Bancorp (TNCC) Position ~ market folly

Thursday, August 12, 2010

Second Curve Starts New Tennessee Commerce Bancorp (TNCC) Position

Tom Brown's hedge fund Second Curve Capital recently disclosed a stake in Tennessee Commerce Bancorp (TNCC). Per a 13G filed with the SEC, Second Curve shows a 5.1% ownership stake in TNCC with 584,221 shares due to portfolio activity on August 5th, 2010. This is a brand new position for the firm as it did not appear in our previous coverage of Second Curve's portfolio. In terms of other activity from Tom Brown's hedge fund, we detailed their increased stake in Western Alliance (WAL) last month.

Taken from Google Finance, Tennessee Commerce Bancorp is "a bank holding company formed to own the shares of Tennessee Commerce Bank (the Bank). The Bank conducts business from a single location in the Cool Springs commercial area of Franklin. As of December 31, 2009, the Bank had total assets of $1.4 billion. The Bank offers a range of retail and commercial banking services".

To see what else prominent managers are investing in, scroll through our daily coverage of hedge fund portfolios.

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