market folly

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."