New York-based Second Curve Capital LLC significantly boosted its position in CURO Group Holdings Corp. during the third quarter, but its total common stock investments dropped 9.2% to $224.8 million as of Sept. 30, according to the firm's most recent Form 13F.

The hedge fund manager pushed its total investment in CURO to $18.8 million as of Sept. 30, up from $1.6 million at the end of June. CURO shares have seen a lot of movement in 2018 so far. Through the first three quarters, CURO's stock was up 115%. Since then, the company's shares have dropped more than half as of Nov. 16.

Pittsburgh-based TriState Capital Holdings Inc. became Second Curve's top holding, with a stake valued at $28.6 million. Meta Financial Group Inc. dropped to the No. 2 spot, with a stake valued at $24.1 million.

Second Curve also added two new bank positions in the third quarter, a $4.6 million investment in New York-based Signature Bank and a $471,000 stake in Troy, Mich.-based Flagstar Bancorp Inc.

Tom Brown founded Second Curve in 2000. Previously, he worked at Julian Robertson Jr.'s Tiger Management Corp. and was a sell-side bank analyst for several years.

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