Showing posts with label tom brown. Show all posts
Showing posts with label tom brown. Show all posts

Thursday, August 7, 2014

Second Curve Capital Raises Regional Management Stake

Tom Brown's hedge fund firm Second Curve Capital has filed an amended 13G with the SEC regarding their position in Regional Management (RM).  Per the filing, Second Curve now owns 10% of the company with 1,273,960 shares.

This marks an increase of 188,000 shares since the end of the first quarter.  The filing was made due to activity on July 7th.

Per Google Finance, Regional Management is "a diversified specialty consumer finance company providing a range of loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies and other traditional lenders. The Company has a branch network throughout the Southeast and Southwestern United States. Each of its loan products is secured, structured on a fixed rate, fixed term basis with fully amortizing equal monthly installment payments and is repayable at any time without penalty. Regional’s loans are sourced through its multiple channel platform, including in its branches, through direct mail campaigns, independent and franchise automobile dealerships, online credit application networks, furniture and appliance retailers and its consumer Website."


Tuesday, April 29, 2014

Second Curve Capital Boosts Consumer Portfolio Services Stake

Tom Brown's hedge fund firm Second Curve Capital has filed a 13G with the SEC regarding their position in Consumer Portfolio Services (CPSS).  Per the filing, Second Curve has revealed a 5% ownership stake in CPSS with over 1.22 million shares.

This marks an increase in their stake of 413,687 shares since the end of 2013.  The filing was required due to activity on April 23rd.

Per Google Finance, Consumer Portfolio Services is "a specialty finance company. The Company’s business is to purchase and service retail automobile contracts originated primarily by franchised automobile dealers and, to a lesser extent, by select independent dealers in the United States in the sale of new and used automobiles, light trucks and passenger vans. Through its automobile contract purchases, it provides indirect financing to the customers of dealers who have limited credit histories, low incomes or past credit problems. It serves as an alternative source of financing for dealers, facilitating sales to customers who otherwise might not be able to obtain financing from traditional sources, such as commercial banks, credit unions and the captive finance companies affiliated with automobile manufacturers."


Wednesday, September 25, 2013

Second Curve Capital Reveals First Marblehead Position

Tom Brown's hedge fund firm Second Curve Capital filed a 13G with the SEC regarding shares of First Marblehead (FMD).  Per the filing, Second Curve has revealed a 5.3% ownership stake in FMD iwth 5,993,522 shares.

This is a newly disclosed position for the hedge fund firm as they did not report an ownership stake at the end of the second quarter.  The 13G was required due to portfolio activity on September 20th.

Per Google Finance, First Marblehead is "a specialty finance company focused on education loan programs for K-12, undergraduate and graduate students in the United States, as well as tuition planning, tuition billing, refund management and payment technology services. It also offers a number of ancillary services in support of its clients, including loan origination, retail banking, portfolio management and securitization services. It offers an integrated suite of services through its Monogram loan product service platform, which the Company refers to as the Monogram platform, as well as certain services on a stand-alone, fee-for-service basis. Its subsidiary Union Federal Savings Bank, which the Company refers to as Union Federal, offers retail banking products, including education loans, residential and commercial mortgage loans, time and savings deposits and money market deposit accounts."


Tuesday, March 6, 2012

Tom Brown's Second Curve Capital Raises Stake In The Bancorp (TBBK)

Tom Brown's hedge fund firm Second Curve Capital just filed a 13G with the SEC regarding shares of The Bancorp (TBBK).

Due to trading activity on March 1st, 2012, Second Curve has disclosed a 5.1% ownership stake in The Bancorp with 1,692,832 shares. This is an increase of 37% in their position size since the end of 2011.

About Second Curve Capital

Prior to founding Second Curve, Tom Brown headed the financial services group at Julian Robertson's Tiger Management. As such, it should come as no surprise that his fund largely focuses on financials.

About The Bancorp

Per Google Finance, The Bancorp is "a financial holding company with a wholly owned subsidiary, The Bancorp Bank (the Bank). Through the Bank, the Company provides a range of commercial and retail banking services and related other banking services, which include private label banking, health savings accounts stored value (prepaid debit) cards and merchant card processing to both regional and national markets."


Wednesday, June 22, 2011

Second Curve Capital Loads Up on Citizens Republic Bancorp (CRBC)

Thomas Brown's hedge fund firm Second Curve Capital has filed a 13G with the SEC regarding shares of Citizens Republic Bancorp (CRBC). Per trading on June 17th, 2011, Second Curve has disclosed a 5.34% ownership stake in CRBC with 21,236,157 shares.

They've increased their position size by a whopping 312% since the end of the first quarter when they owned only 5,150,000 shares. Since the end of March, shares are down almost 20% and Second Curve has stepped in to buy.

In other activity from the hedge fund, we last covered their sale of CompuCredit shares (CCRT). Before founding Second Curve, Tom Brown headed the financial services group at Julian Robertson's Tiger Management. As such, it should come as no surprise that his fund largely focuses on financials.

Per Google Finance, Citizens Republic Bancorp is "a diversified banking and financial services company that is a bank holding company. Citizens provides a range of banking and financial services to individuals and businesses through its subsidiaries Citizens Bank and F&M Bank, Iowa (F&M)."

For more investment ideas, check out our notes from top hedge fund presentations.


Friday, March 18, 2011

Second Curve Sells Some CompuCredit (CCRT)

Tom Brown's hedge fund Second Curve Capital filed a Form 4 with the SEC regarding transactions in shares of CompuCredit (CCRT). Per the filing, Second Curve sold 300,000 shares of CCRT, with 175k shares being exited at $7.01 on March 15th and 125k shares dumped at $6.80 per share on March 16th.

After these sales, the hedge fund reported holding 3,980,630 shares of CCRT. They've been gradually selling shares since 2011 started, down from 4,260,630 held at the end of 2010. Readers will recall that Second Curve was buying CCRT back around $4.94 in September of last year. Other more recent activity out of the hedge fund firm includes acquiring Mercantile Bank (MBWM) shares.

Per Google Finance, CompuCredit is "a provider of various credit and related financial services and products to or associated with the financially underserved consumer credit market. The Company has contracted with third-party financial institutions pursuant, to which the financial institutions have issued general purpose consumer credit cards, and it has purchased the receivables relating to such accounts on a daily basis."


Friday, January 7, 2011

Second Curve Acquires Mercantile Bank (MBWM) Stake

Tom Brown's hedge fund firm Second Curve Capital have started a brand new position in Mercantile Bank (MBWM). Per a 13G filing with the SEC, the hedge fund reveals that due to trading activity on December 30th, Second Curve now owns 5.1% of MBWM with 442,707 shares.

This is a brand new position because the firm did not disclose owning shares in their previous SEC filings. Prior to founding Second Curve, Tom Brown headed the financial services group at Julian Robertson's Tiger Management. During the financial crisis, Brown was painfully early on his bullish call on the financials and it cost him dearly at the time.

Per Google Finance, Mercantile Bank "wholly owns Mercantile Bank of Michigan (the Bank). The Bank is a state banking company. The Bank’s primary service area is the Kent and Ottawa County areas of West Michigan, which includes the City of Grand Rapids in the State of Michigan. The Bank, through its seven offices, provides commercial banking services primarily to small- to medium-sized businesses and retail banking services in and around the Grand Rapids, Holland and Lansing areas."

For more on Tom Brown's hedge fund, we detailed yesterday that Second Curve acquired more CompuCredit (CCRT) as well.


Wednesday, January 5, 2011

Second Curve Capital Files Form 4 on CompuCredit (CCRT)

Tom Brown's hedge fund firm Second Curve Capital recently filed multiple Form 4's with the SEC regarding transactions in shares of CompuCredit (CCRT). These filings represent indirect ownership and were made by advisory clients of Second Curve. In total, Second Curve reported acquisition of 81,000 shares during the last 10 days of December.

Second Curve acquired their shares through various lots ranging in price from $6.59 to $6.95. Shares of CCRT are currently trading around $6.72. After all purchases were made, they owned 4,260,630 shares of CompuCredit. We noted Second Curve reported transactions in CCRT back in September as well.

Also, in a separately filed Form 4, advisory clients of Second Curve Capital have purchased 29,000 shares of Tennessee Commerce Bancorp (TNCC). The purchases were made in the last three days of December in various lots at prices of $4.84, $4.82, and $4.91. After all was said and done, Second Curve reported owning 1,271,456 shares of TNCC. We detailed Second Curve's recent addition of TNCC shares and this marks a subsequent recent purchase after originally purchasing shares in August.

Per 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."

CompuCredit is "a provider of various credit and related financial services and products to or associated with the financially underserved consumer credit market."

Scroll through all of our coverage of the latest SEC filings made by prominent hedge funds.


Wednesday, December 22, 2010

Second Curve Capital Buys More Tennessee Commerce Bancorp (TNCC)

Tom Brown's hedge fund firm Second Curve Capital just filed a Form 4 with the SEC on shares of Tennessee Commerce Bancorp (TNCC). Per a transaction on December 17th, advisory clients of Second Curve purchased 10,000 shares of TNCC at a price of $4.10. After this transaction, Second Curve reported beneficially owning 1,242,456 shares of the company. We originally covered it when Second Curve started a new position in TNCC back in August.

Per 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."

For other recent activity out of this hedge fund, we saw that Tom Brown almost tripled his stake in Banner Corp (BANR).


Monday, November 8, 2010

Tom Brown's Second Curve Capital Almost Triples Position in Banner Corp (BANR)

Tom Brown's hedge fund Second Curve Capital has filed a 13G with the SEC regarding shares of Banner Corp (BANR). Due to portfolio activity on November 2nd, Second Curve has disclosed a 5.3% ownership stake in with 5,865,000 shares. This almost triples their position size as they owned only 2,000,000 shares back on June 30th. In terms of other portfolio activity from this hedge fund, we detailed how Tom Brown was buying more CompuCredit (CCRT) as well.

Taken from Google Finance, Banner is "a bank holding company. The Company is engaged in the business of planning, directing and coordinating the business activities of its wholly owned subsidiaries, Banner Bank and Islanders Bank. Banner Bank is a Washington-chartered commercial bank that conducts business from its main office in Walla Walla, Washington."

To see the latest stocks hedge funds are buying, stay tuned to our daily coverage of SEC filings.


Monday, September 27, 2010

Hedge Fund Second Curve Capital Acquires More CompuCredit (CCRT)

Tom Brown's hedge fund Second Curve Capital has purchased shares of CompuCredit (CCRT) for the second time within a week. Per a SEC Form 4, Brown's firm bought 15,000 shares of CCRT at a price of $4.94 on September 22nd, 2010. After this buy, their total CompuCredit position encompasses 4,133,630 shares. This comes after we detailed Brown's previous CCRT purchases.

Taken from Google Finance, CompuCredit is "a provider of various credit and related financial services and products to or associated with the financially underserved consumer credit market."

To see what the top managers have been buying and selling, check out our detailed hedge fund portfolios.


Tuesday, September 21, 2010

Tom Brown's Second Curve Buys CompuCredit (CCRT) Shares

Tom Brown's hedge fund firm Second Curve Capital just filed a Form 4 with the SEC regarding trades made in shares of CompuCredit Holdings (CCRT). In the filing, Second Curve discloses that they purchased 25,000 shares of CCRT at $4.64 on September 16th, 2010. After this transaction, Tom Brown's firm now owns 4,118,630 shares.

Second Curve recently filed a 13G on this stock, disclosing ownership of 11.4% of the company. This latest purchase adds to that total. Prior to founding Second Curve, Brown headed up the financial services group at Julian Robertson's Tiger Management. Other recent portfolio activity out of this hedge fund includes a new position in Tennessee Commerce Bancorp (TNCC).

Taken from Google Finance, CompuCredit is "a provider of various credit and related financial services and products to or associated with the financially underserved consumer credit market."

To see what the top managers have been buying and selling, check out our detailed hedge fund portfolios.


Friday, September 10, 2010

Second Curve Capital Buys More CompuCredit (CCRT)

Thomas Brown's hedge fund Second Curve Capital recently filed an amended 13G with the SEC regarding their position in CompuCredit (CCRT). In it, we see that Second Curve has disclosed a 11.4% stake in the company with 4,093,630 shares. This marks an increase of 10.3% in their position size because back on June 30th they owned 3,710,543 shares.

We also covered some other recent portfolio activity out of Tom Brown's firm when we saw that Second Curve started a position in Tennessee Commerce Bancorp (TNCC). Brown's focus is primarily on financial stocks and he was painfully early on his bullish call on the financials during the recent crisis and it cost him dearly at the time. Before he founded Second Curve he was in charge of the financial services group at Julian Robertson's Tiger Management.

Taken from Google Finance, CompuCredit is "a provider of various credit and related financial services and products to or associated with the financially underserved consumer credit market."

To view the latest buys and sells from top managers, head to our coverage of hedge fund portfolios.


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.


Wednesday, July 14, 2010

Tom Brown's Second Curve Capital Boosts Western Alliance Stake (WAL)

Tom Brown's hedge fund firm Second Curve Capital recently filed a 13G with the SEC due to portfolio activity on July 8th, 2010. Per the filing, Brown's firm discloses a 5.07% ownership stake in Western Alliance Bancorp (WAL) with 3,710,383 shares. This is an increase in Second Curve's position as they previously owned 2,340,000 shares as of March 31st, 2010. Over the past four months, Brown's hedge fund has boosted its WAL stake by over 58% (adding 1,370,383 additional shares). For more from this hedge fund we've detailed some of Second Curve's previous portfolio shuffling. And if you're interested in what other prominent investment managers are up to lately, head to our hedge fund portfolio tracking series updated daily.

Taken from Google Finance, Western Alliance Bancorp is "a bank holding company. The Company provides a range of banking and related services to locally owned businesses, professional firms, real estate developers and investors, local non-profit organizations, high net worth individuals and other consumers through its subsidiary banks and financial services companies located in Nevada, Arizona, California and Colorado".


Sunday, May 2, 2010

Tom Brown's Second Curve Acquires Primus Guaranty Shares

Tom Brown's hedge fund firm Second Curve Capital just filed a Form 4 with the SEC in regards to shares of Primus Guaranty (PRS). In the filing, we see that advisory clients of Second Curve acquired 35,000 shares of PRS at prices of $4.40 & $4.37. The transaction took place on April 27th & 28th, 2010 and Second Curve now owns 5,825,266 shares. As you can see, they added relatively few shares compared to their overall position. However, this is somewhat of a peculiar transaction because just two weeks ago we detailed that Second Curve sold PRS shares at a price of $4.42. So, we're not quite sure what's going on here but that's what the SEC filing states.

For more portfolio activity out of Tom Brown's hedge fund, we recently saw they filed a Form 4 on shares of Taylor Capital Group (TAYC) and we've also covered some other position updates as well. Brown's hedge fund focuses exclusively on the financial services sector. Prior to founding his own fund, he was in charge of the financial services group for Julian Robertson's Tiger Management. During the crisis, Brown was painfully early on his bullish call on the financials and it cost him dearly at the time.

Taken from Google Finance, Primus Guaranty is "a holding company, which conducts business through two operating subsidiaries, Primus Asset Management, Inc. and Primus Financial Products, LLC. Primus Asset Management is an investment manager to affiliated companies and third-party entities. Primus Financial Products, LLC is a credit derivative product company (CDPC)."

Those interested can also take a past look at Second Curve's portfolio.


Friday, April 16, 2010

Tom Brown's Second Curve Files Form 4 on Primus Guaranty (PRS) Shares

Tom Brown's hedge fund firm Second Curve Capital recently filed a Form 4 with the SEC in regards to shares of Primus Guaranty (PRS). In the filing, we see that advisory clients of Second Curve sold 26,300 shares of PRS at a price of $4.42. The transaction took place on April 14th, 2010 and Second Curve now is left with 5,790,266 shares. As you can see, this is only a drop in the proverbial bucket of their total stake. In terms of other portfolio activity out of hedge fund Second Curve, we recently saw they filed a Form 4 on shares of Taylor Capital Group (TAYC) as well.

For those of you who want to see more position adjustments from Tom Brown's firm, we posted some of their position updates and in the past have detailed Second Curve's portfolio here.

Taken from Google Finance, Primus Guaranty is "a holding company, which conducts business through two operating subsidiaries, Primus Asset Management, Inc. and Primus Financial Products, LLC. Primus Asset Management is an investment manager to affiliated companies and third-party entities. Primus Financial Products, LLC is a credit derivative product company (CDPC)."


Thursday, April 1, 2010

Tom Brown's Second Curve Files Form 4 on Shares of Taylor Capital Group (TAYC)

We just wanted to post up a quick minor portfolio update from Tom Brown's hedge fund Second Curve Capital. In a Form 4 filed with the SEC, we see that they were adding shares of Taylor Capital Group (TAYC). Keep in mind that this transaction represents indirect ownership for Second Curve. As noted on the filing, the nature of this indirect ownership is "By advisory clients of Second Curve Capital, LLC." At any rate, we see they acquired 10,000 shares at a price of $12.46 on March 29th, 2010. After this transaction they now show ownership of 1,330,191 total shares. We recently also posted up some other position updates out of Tom Brown's camp for those interested and you can also view the rest of Second Curve's portfolio here. Brown of course runs a fund focused specifically on the financial services sector.

Taken from Google Finance, Taylor Capital Group "serves as the holding company for Cole Taylor Bank, primarily engaged in commercial banking. The Bank provides a range of products and services primarily to closely-held commercial customers and their owner operators in the Chicago metropolitan area."


Tuesday, March 23, 2010

Tom Brown's Hedge Fund Second Curve Capital Updates Positions

In a recent 13G filed with the SEC, Tom Brown's hedge fund firm Second Curve Capital has updated their stake in CompuCredit Holdings (CCRT). Due to activity on March 18th, 2010, Second Curve now shows a 5.3% ownership stake in the company with 2,512,730 shares.

This means they've increased their position by 41.85% by adding 741,341 more shares over the past three months. Back on December 31st, 2009, Brown's hedge fund owned 1,771,389 shares as we noted when we covered Second Curve's portfolio.

Additionally, Second Curve has filed a pair of Form 4's with the SEC in regards to shares of Taylor Capital Group (TAYC). Keep in mind that these two transactions represent indirect ownership for Second Curve. As noted on the filings, the nature of this indirect ownership is "By advisory clients of Second Curve Capital, LLC." On February 26th, 2010, it shows they acquired 10,000 shares of TAYC at a price of $11.03. Additionally, on March 12th, 2010, they acquired an additional 15,000 shares at a price of $11.35.

This brings their total ownership up to 1,320,191 shares of Taylor Capital Group. It represents an increase in the size of their position by 22.96% as they've added 246,580 shares over the course of the past three months. You can view the rest of Second Curve's investments here.

Taken from Google Finance, CompuCredit Holdings is "a provider of various credit and related financial services and products to or associated with the financially underserved consumer credit market."

Taylor Capital Group "serves as the holding company for Cole Taylor Bank, primarily engaged in commercial banking. The Bank provides a range of products and services primarily to closely-held commercial customers and their owner operators in the Chicago metropolitan area."

For the latest movements from some of the most prominent hedge funds out there, make sure to check in on our portfolio tracking series daily.


Wednesday, March 10, 2010

Tom Brown's Hedge Fund Second Curve Capital Favors Wintrust Financial & Synovus Financial: 13F Filing

(This post is part of our series on tracking hedge fund portfolios. If you're unfamiliar with tracking investments they disclose via SEC filings, check out our series preface on hedge fund 13F filings.)

This is the first time we've covered Tom Brown's hedge fund Second Curve Capital. His hedge fund exclusively focuses on the financial services sector as he has been a banking analyst for many years. Prior to founding Second Curve in May 2000, he was in charge of the financial services group at Julian Robertson's Tiger Management. In the past, he had also worked at Smith Barney, PaineWebber and more. He also runs the site BankStocks.com.

The hedge fund has had a volatile ride the past few years as one of its funds was up 68% in 2006 and then had a rough ride in 2007 as they fought the waterfall of bank stock declines. Brown has ardently argued that the bottom is in for financials. While these stocks rallied heavily in 2009, the problem with his enthusiasm is that he was making his call back in 2007 and 2008 when things were really starting to heat up in the financial crisis. As such, many of his holdings were hit big. He was definitely early on his call, and it cost him dearly.

The positions listed below were Second Curve's long equity, note, and options holdings as of December 31st, 2009 as filed with the SEC. All holdings are common stock unless otherwise denoted.


Brand New Positions
Western Alliance (WAL)


Increased Positions
Cobiz Financial (COBZ): Increased position by 408%
Pacwest Bancorp (PACW): Increased by 178.6%
Synovus Financial (SNV): Increased by 165.5%
Highbury Financial (HBRF): Increased by 149%
Wintrust Financial (WTFC): Increased by 139.5%
Taylor Cap Group (TAYC): Increased by 80.4%
Compu Credit Holding (CCRT): Increased by 62%
Tree (TREE): Increased by 43%
Nara Bancorp (NARA): Increased by 29.9%


Reduced Positions
Marshall & Ilsley (MI): Reduced by 78%
Pinnacle Financial (PNFP): Reduced by 60%
Regions Financial (RF): Reduced by 59%
Encore Cap (ECPG): Reduced by 47.5%
Ocwen Financial (OCN): Reduced by 41%
Fifth Third Bancorp (FITB): Reduced by 39%
Alisource Portfolios (ASPS): Reduced by 36.5%
Zions Bancorp (ZION): Reduced by 30.7%


Removed Positions (Sold out completely):
Legg Mason (LM)
Portfolio Recovery (PRAA)
MBIA (MBI)
Highbury Financial (HBRFW)


Top 15 Holdings by percentage of assets reported on 13F filing

  1. Wintrust Financial (WTFC): 17.4%
  2. Synovus Financial (SNV): 16.9%
  3. Primus Guaranty (PRS): 9.0%
  4. Boston Private (BPFH): 8.0%
  5. Nara Bancorp (NARA): 6.5%
  6. Taylor Cap Group (TAYC): 6.2%
  7. Zions Bancorp (ZION): 4.7%
  8. Encore Cap Group (ECPG): 4.6%
  9. Tree (TREE): 4.5%
  10. Cobiz Financial (COBZ): 3.7%
  11. Ocwen Financial (OCN): 3.3%
  12. Compu Credit (CCRT): 3.0%
  13. Regions Financial (RF): 3.0%
  14. Highbury Financial (HBRF): 2.8%
  15. Fifth Third Bancorp (FITB): 2.8%

So, given Brown's focus on financial stocks you already knew where his portfolio was headed. It's obvious from above that Second Curve has a few highly concentrated positions in Wintrust Financial, Synovus Financial, and Primus Guaranty. Of those large stakes, Brown added heavily to his WTFC and SNV positions in the fourth quarter. Other sizable position adjustments include boosting their Taylor Capital holdings by 80% and quadrupling their position in Cobiz Financial. In terms of bank stocks they reduced their holdings in, we highlight that they sold almost half of their Encore Capital stake and a third of their Zions Bancorp stake, as those two were previously big holdings for them.

Maybe the most notable thing about Second Curve's portfolio is that they have sizable long positions in Synovus and Zions, two banks that have been heavily shorted by hedge funds in the past. These regional banks have been part of the 'long moneycenter banks, short regionals' trade that has been omnipresent in hedge fund land. Brown has taken the other side of the trade and seems to like these stocks. If you're looking for particular bank stocks to do some due diligence on, Second Curve's portfolio is an intriguing list.

Data used for this article comes from Alphaclone, our source for backtesting strategies and sorting through all the hedge fund portfolio maneuvers with ease. Assets reported on the 13F filing were $196.8 million this quarter compared to $205.9 million last quarter. Remember that these filings are not representative of the hedge fund's entire base of AUM.

In our portfolio series we've already covered a ton of hedge funds, including value and/or activist focused funds such as: covered Seth Klarman's Baupost Group, Mohnish Pabrai's Investment Fund, Carl Icahn's hedge fund Icahn Partners, David Einhorn's Greenlight Capital, Warren Buffett's portfolio, David Tepper's Appaloosa Management, Dan Loeb's Third Point, Eddie Lampert's RBS Partners, Bill Ackman's Pershing Square Capital Management, Ricky Sandler's Eminence Capital.

Various 'Tiger Cub' and 'Tiger Seeded' funds (hedgies somehow tied to Julian Robertson): Stephen Mandel's Lone Pine Capital, John Griffin's Blue Ridge Capital, Lee Ainslie's Maverick Capital, David Ott's Viking Global, and Chris Shumway's hedge fund Shumway Capital Partners, Chase Coleman's Tiger Global, Roberto Mignone's Bridger Management, Philippe Laffont's Coatue Management Charles Anderson's Fox Point Capital, Jonathan Auerbach's Hound Partners, Lee Hobson's Highside Capital, David Stemerman's Conatus Capital, Matt Iorio's White Elm Capital, David Gallo's Valinor Management.

As well as some merger arbitrage focused funds & hedgies that employ various other strategies too: John Paulson's hedge fund Paulson & Co, Philip Falcone's Harbinger Capital Partners, Thomas Steyer's Farallon Capital, John Burbank's Passport Capital, Brett Barakett's Tremblant Capital, George Soros' hedge fund Soros Fund Management.

Be sure to check back daily for our new updates.