# Seacliff Capital, LLC

> Institutional holdings reported to the SEC as of Q1 2019 on Form 13F. CIK 1422068. Source: https://holderbook.com/funds/1422068-seacliff-capital-llc/

- Reported value: $102.3M
- Positions: 36
- Weight of the ten largest: 45.2%
- Filed: 2019-05-10

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ON DECK CAP INC | [ONDK](https://holderbook.com/stocks/ONDK/) | $6.8M | 1,250,000 | 6.6% | 2 |
| INVESCO LTD | [IVZ](https://holderbook.com/stocks/IVZ/) | $5.8M | 300,000 | 5.7% | 2 |
| CITIZENS FINL GROUP INC | [CFG](https://holderbook.com/stocks/CFG/) | $4.9M | 150,000 | 4.8% | 2 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $4.8M | 100,000 | 4.7% | 1 |
| BANCO SANTANDER S.A. | [SAN](https://holderbook.com/stocks/SAN/) | $4.6M | 1,000,000 | 4.5% | 1 |
| BRIGHTSPHERE INVESTMNT GRP P | [BSIG](https://holderbook.com/stocks/BSIG/) | $4.1M | 300,000 | 4.0% | 2 |
| WINTRUST FINL CORP | [WTFC](https://holderbook.com/stocks/WTFC/) | $4.0M | 60,000 | 3.9% | 2 |
| INDEPENDENT BANK GROUP INC | [IBTX](https://holderbook.com/stocks/IBTX/) | $3.8M | 75,000 | 3.8% | 1 |
| TRITON INTL LTD | [TRTN](https://holderbook.com/stocks/TRTN/) | $3.7M | 120,000 | 3.6% | 1 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $3.7M | 30,000 | 3.6% | 1 |
| LAZARD LTD | [LAZXXXX](https://holderbook.com/stocks/LAZXXXX/) | $3.6M | 100,000 | 3.5% | 1 |
| IBERIABANK CORP | [IBKC](https://holderbook.com/stocks/IBKC/) | $3.6M | 50,000 | 3.5% | 2 |
| TRAVELERS COMPANIES INC | [TRV](https://holderbook.com/stocks/TRV/) | $3.4M | 25,000 | 3.4% | 1 |
| UNUM GROUP | [UNM](https://holderbook.com/stocks/UNM/) | $3.4M | 100,000 | 3.3% | 1 |
| MGIC INVT CORP WIS | [MTG](https://holderbook.com/stocks/MTG/) | $3.3M | 250,000 | 3.2% | 1 |
| ASSOCIATED BANC CORP | [ASB](https://holderbook.com/stocks/ASB/) | $3.2M | 150,000 | 3.1% | 1 |
| SYNOVUS FINL CORP | [SNV](https://holderbook.com/stocks/SNV/) | $2.9M | 85,000 | 2.9% | 2 |
| AXIS CAP HLDGS LTD | [AXS](https://holderbook.com/stocks/AXS/) | $2.7M | 50,000 | 2.7% | 2 |
| FIRST HAWAIIAN INC | [FHB](https://holderbook.com/stocks/FHB/) | $2.6M | 100,000 | 2.5% | 1 |
| HARTFORD INSURANCE GROUP INC | [HIG](https://holderbook.com/stocks/HIG/) | $2.5M | 50,000 | 2.4% | 2 |
| SYNCHRONY FINANCIAL | [SYF](https://holderbook.com/stocks/SYF/) | $2.4M | 75,000 | 2.3% | 1 |
| VIRTU FINL INC | [VIRT](https://holderbook.com/stocks/VIRT/) | $2.4M | 100,000 | 2.3% | 2 |
| MANULIFE FINL CORP | [MFC](https://holderbook.com/stocks/MFC/) | $2.1M | 125,000 | 2.1% | 2 |
| FIRST HORIZON CORPORATION | [FHN](https://holderbook.com/stocks/FHN/) | $2.1M | 150,000 | 2.0% | 1 |
| VOYA FINANCIAL INC | [VOYA](https://holderbook.com/stocks/VOYA/) | $2.0M | 40,000 | 2.0% | 2 |
| AMERICAN FINANCIAL GROUP INC | [AFG](https://holderbook.com/stocks/AFG/) | $1.9M | 20,000 | 1.9% | 1 |
| TAYLOR MORRISON HOME CORP | [TMHC](https://holderbook.com/stocks/TMHC/) | $1.8M | 100,000 | 1.7% | 1 |
| AMERICAN EQTY INVT LIFE HLD | [AEL](https://holderbook.com/stocks/AEL/) | $1.6M | 60,000 | 1.6% | 1 |
| M/I HOMES INC | [MHO](https://holderbook.com/stocks/MHO/) | $1.5M | 57,500 | 1.5% | 1 |
| CNA FINL CORP | [CNA](https://holderbook.com/stocks/CNA/) | $1.5M | 35,000 | 1.5% | 1 |
| MARKEL GROUP INC | [MKL](https://holderbook.com/stocks/MKL/) | $1.5M | 1,500 | 1.5% | 1 |
| ESSENT GROUP LTD | [ESNT](https://holderbook.com/stocks/ESNT/) | $1.3M | 30,000 | 1.3% | 1 |
| BGC PARTNERS INC | [BGCP](https://holderbook.com/stocks/BGCP/) | $1.1M | 200,000 | 1.0% | 2 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $918.1K | 19,000 | 0.9% | 1 |
| OCEANFIRST FINL CORP | [OCFC](https://holderbook.com/stocks/OCFC/) | $517.3K | 21,500 | 0.5% | 1 |
| QCR HLDGS INC | [QCRH](https://holderbook.com/stocks/QCRH/) | $169.6K | 5,000 | 0.2% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q1 2019 | +12.4% | +13.0% | -0.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2019 | $102.3M | 36 |
| Q4 2018 | $132.9M | 32 |