KBW

KBW as of Dec. 31, 2011

Portfolio Holdings for KBW

KBW holds 113 positions in its portfolio as reported in the December 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Capital One Financial (COF) 6.7 $6.5M 154k 42.29
Park Sterling Bk Charlott 3.8 $3.8M 921k 4.08
Suntrust Banks Inc $1.00 Par Cmn 3.5 $3.5M 195k 17.70
Key (KEY) 3.0 $2.9M 383k 7.69
Discover Financial Services (DFS) 2.9 $2.8M 117k 24.00
Hartford Financial Services (HIG) 2.8 $2.7M 167k 16.26
First Niagara Financial 2.7 $2.6M 305k 8.63
KKR & Co 2.5 $2.4M 187k 12.83
MetLife (MET) 2.4 $2.3M 75k 31.19
Comerica Incorporated (CMA) 2.2 $2.2M 84k 25.80
Susquehanna Bancshares 2.1 $2.1M 251k 8.38
Cit 2.1 $2.0M 58k 34.89
Annaly Cap Mgmt Inc note 4.000% 2/1 2.1 $2.0M 1.8M 1.13
Walter Investment Management 1.8 $1.7M 85k 20.51
Aon Corporation 1.8 $1.7M 37k 46.81
Preferred Bank, Los Angeles (PFBC) 1.7 $1.6M 218k 7.45
Redwood Trust (RWT) 1.6 $1.6M 157k 10.18
Colony Financial 1.6 $1.6M 100k 15.71
Xl Group 1.6 $1.6M 80k 19.77
Lazard Ltd-cl A shs a 1.5 $1.4M 55k 26.11
Goldman Sachs (GS) 1.4 $1.4M 15k 90.40
Safety Insurance (SAFT) 1.4 $1.3M 33k 40.48
Franklin Resources (BEN) 1.4 $1.4M 14k 96.03
Nasdaq Omx (NDAQ) 1.3 $1.3M 52k 24.50
Southwest Ban 1.2 $1.2M 205k 5.96
Community Bankers Trust 1.2 $1.2M 1.0M 1.15
Prudential Financial (PRU) 1.2 $1.2M 23k 50.13
New England Bancshares 1.2 $1.1M 110k 10.37
Commerce Bancshares (CBSH) 1.1 $1.1M 28k 38.12
CIGNA Corporation 1.1 $1.0M 25k 41.99
Ocwen Financial Corporation 1.1 $1.0M 71k 14.48
Aercap Holdings Nv Ord Cmn (AER) 1.0 $1.0M 89k 11.29
Wintrust Financial Corporation (WTFC) 1.0 $1.0M 36k 28.06
New York Community Ban 1.0 $997k 81k 12.37
Waddell & Reed Financial 1.0 $978k 40k 24.76
Starwood Hotels & Resorts Worldwide 1.0 $959k 20k 47.95
Brown & Brown (BRO) 1.0 $950k 42k 22.62
Bancorp Rhode Island (BARI) 1.0 $947k 24k 39.72
Citigroup (C) 0.9 $921k 35k 26.31
Flushing Financial Corporation (FFIC) 0.9 $839k 66k 12.63
E TRADE Financial Corporation 0.8 $772k 97k 7.96
Apollo Global Management 'a' 0.8 $745k 60k 12.42
State Bancorp 0.7 $728k 60k 12.20
Barclays Bk Plc ipth s^p vix 0.7 $711k 20k 35.55
Hanover Insurance (THG) 0.7 $699k 20k 34.95
Walker & Dunlop (WD) 0.7 $696k 55k 12.57
First Financial Holdings 0.7 $671k 75k 8.93
Horace Mann Educators Corporation (HMN) 0.7 $658k 48k 13.71
Symetra Finl Corp 0.7 $658k 73k 9.06
Invesco Mortgage Capital 0.7 $653k 47k 14.05
Ameriprise Financial (AMP) 0.7 $645k 13k 49.62
Oriental Financial 0.7 $640k 53k 12.10
JPMorgan Chase & Co. (JPM) 0.6 $615k 19k 33.24
First Commonwealth Financial (FCF) 0.6 $615k 117k 5.26
Maiden Holdings (MHLD) 0.6 $621k 71k 8.76
Moneygram International 0.6 $621k 35k 17.74
Lincoln National Corporation (LNC) 0.6 $574k 30k 19.43
Hampden Ban 0.6 $541k 46k 11.80
Forest City Enterprises 0.5 $532k 45k 11.82
Montpelier Re Holdings/mrh 0.5 $533k 30k 17.77
Fortress Investment 0.5 $528k 156k 3.38
Barclays Bank 0.5 $526k 27k 19.77
East West Ban (EWBC) 0.5 $514k 26k 19.77
Platinum Underwriter/ptp 0.5 $478k 14k 34.14
HCC Insurance Holdings 0.5 $446k 16k 27.53
Knight Capital 0.4 $426k 36k 11.83
Cowen 0.4 $427k 165k 2.59
Fifth Third Ban (FITB) 0.4 $420k 33k 12.73
Apollo Investment 0.4 $419k 65k 6.45
Eastern Virginia Bankshares 0.4 $402k 200k 2.01
Nelnet (NNI) 0.4 $392k 16k 24.50
Zions Bancorporation (ZION) 0.4 $383k 24k 16.30
CNA Financial Corporation (CNA) 0.4 $375k 14k 26.79
Valley Natl Bancorp *w exp 11/14/201 0.4 $373k 246k 1.52
Och-Ziff Capital Management 0.4 $362k 43k 8.42
Fortegra Financial 0.4 $359k 54k 6.69
Delphi Financial 0.3 $332k 7.5k 44.27
Hersha Hospitality Trust 0.3 $330k 68k 4.89
Felcor Lodging Trust Inc. pfd cv a $1.95 0.3 $332k 15k 22.13
Blackstone 0.3 $315k 23k 14.00
Berkshire Hills Ban (BHLB) 0.3 $311k 14k 22.21
Genworth Financial (GNW) 0.3 $303k 46k 6.56
Strategic Hotels & Resorts 0.3 $295k 55k 5.37
Hancock Holding Company (HWC) 0.3 $288k 9.0k 32.00
NYSE Euronext 0.3 $261k 10k 26.10
Assured Guaranty (AGO) 0.3 $263k 20k 13.15
Popular 0.2 $244k 175k 1.39
WestAmerica Ban (WABC) 0.2 $243k 5.5k 43.82
MFA Mortgage Investments 0.2 $223k 33k 6.71
Citizens Republic Bancorp In 0.2 $228k 20k 11.40
First Marblehead Corporation 0.2 $211k 180k 1.17
Ban (TBBK) 0.2 $217k 30k 7.23
Western Alliance Bancorporation (WAL) 0.2 $212k 34k 6.24
First California Financial 0.2 $214k 66k 3.26
Washington Fed Inc *w exp 11/14/201 0.2 $216k 58k 3.76
Citigroup Inc Com Us cmn 0.2 $190k 657k 0.29
Cape Ban 0.2 $157k 20k 7.85
Kaiser Federal Financial (KFFG) 0.2 $159k 12k 12.85
shares First Bancorp P R (FBP) 0.2 $157k 45k 3.49
Fulton Financial (FULT) 0.1 $147k 15k 9.80
Boston Private Finl Hldgs In *w exp 11/21/201 0.1 $147k 50k 2.92
Huntington Bancshares Incorporated (HBAN) 0.1 $137k 25k 5.48
FBR Capital Markets Corporation 0.1 $123k 60k 2.05
Sierra Ban (BSRR) 0.1 $132k 15k 8.78
MetroCorp Bancshares 0.1 $124k 20k 6.37
TrustCo Bank Corp NY 0.1 $112k 20k 5.60
Guaranty Ban 0.1 $111k 76k 1.47
Jefferson Bancshares 0.1 $95k 41k 2.32
Glimcher Realty Trust 0.1 $92k 10k 9.20
First Horizon National Corporation (FHN) 0.1 $80k 10k 8.00
Radian (RDN) 0.1 $59k 25k 2.36
Doral Financial 0.1 $48k 50k 0.96
Alliance Bankshares Corporation (ABVA) 0.0 $40k 12k 3.48