KBW

KBW as of June 30, 2011

Portfolio Holdings for KBW

KBW holds 172 positions in its portfolio as reported in the June 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Citigroup (C) 5.0 $15M 363k 41.64
Fifth Third Ban (FITB) 2.9 $8.7M 683k 12.75
AFLAC Incorporated (AFL) 2.4 $7.3M 157k 46.68
Park Sterling Bk Charlott 2.3 $6.8M 1.4M 4.96
KKR & Co 2.3 $6.8M 415k 16.32
M&T Bank Corporation (MTB) 2.2 $6.6M 75k 87.94
PNC Financial Services (PNC) 2.1 $6.4M 107k 59.62
Key (KEY) 2.0 $6.2M 739k 8.33
Prudential Financial (PRU) 2.0 $6.0M 95k 63.59
Proshares Tr sht kbw regbnk 1.9 $5.8M 100k 58.34
U.S. Bancorp (USB) 1.8 $5.5M 214k 25.51
Cit 1.8 $5.3M 120k 44.27
Visa (V) 1.7 $5.1M 60k 84.30
SLM Corporation (SLM) 1.5 $4.5M 267k 16.81
Kennedy-Wilson Holdings (KW) 1.5 $4.5M 367k 12.25
Fortress Investment 1.5 $4.4M 909k 4.82
Colony Financial 1.4 $4.2M 230k 18.07
JPMorgan Chase & Co. (JPM) 1.4 $4.1M 100k 40.94
Bank of America Corporation (BAC) 1.3 $4.0M 367k 10.96
MetLife (MET) 1.3 $4.0M 91k 43.88
Nelnet (NNI) 1.3 $4.0M 179k 22.06
Annaly Cap Mgmt Inc note 4.000% 2/1 1.3 $3.9M 3.3M 1.18
Spdr S&p 500 Etf (SPY) 1.3 $3.8M 29k 131.97
Goldman Sachs (GS) 1.3 $3.8M 29k 133.09
Tower Ban 1.2 $3.6M 133k 27.39
Altisource Portfolio Solns S reg 1.2 $3.6M 98k 36.80
Walker & Dunlop (WD) 1.1 $3.3M 246k 13.30
Bryn Mawr Bank 1.1 $3.2M 160k 20.25
T. Rowe Price (TROW) 0.9 $2.7M 45k 60.33
Oritani Financial 0.9 $2.7M 210k 12.79
Unum (UNM) 0.9 $2.7M 105k 25.48
Aon Corporation 0.9 $2.6M 51k 51.31
First California Financial 0.9 $2.6M 741k 3.57
Imperial Holdings 0.9 $2.6M 256k 10.16
Primerica (PRI) 0.8 $2.5M 114k 21.97
Columbia Banking System (COLB) 0.8 $2.5M 146k 17.22
State Street Bank Financial 0.8 $2.5M 153k 16.36
Nara Ban 0.8 $2.5M 303k 8.13
Solar Senior Capital 0.8 $2.4M 135k 17.95
Platinum Underwriter/ptp 0.8 $2.4M 72k 33.25
Capital One Financial (COF) 0.8 $2.4M 46k 51.67
American Express Company (AXP) 0.8 $2.3M 45k 51.71
Western Liberty Ban 0.8 $2.3M 767k 3.02
CurrencyShares Canadian Dollar Trust 0.8 $2.3M 22k 103.09
Berkshire Hathaway (BRK.B) 0.8 $2.2M 29k 77.38
PHH Corporation 0.7 $2.2M 105k 20.52
Wells Fargo & Company (WFC) 0.7 $2.1M 75k 28.07
Ace Limited Cmn 0.7 $2.1M 31k 65.83
Oriental Financial 0.7 $2.1M 161k 12.88
NewStar Financial 0.7 $2.0M 185k 10.69
Susquehanna Bancshares 0.7 $2.0M 248k 8.00
First Defiance Financial 0.7 $1.9M 132k 14.69
BlackRock 0.6 $1.9M 10k 191.80
Ocwen Financial Corporation 0.6 $1.9M 150k 12.76
American Capital Agency 0.6 $1.9M 65k 29.12
West Coast Banc Or 0.6 $1.9M 113k 16.76
Axis Capital Holdings (AXS) 0.6 $1.9M 60k 30.97
East West Ban (EWBC) 0.6 $1.8M 91k 20.22
Cowen 0.6 $1.8M 488k 3.76
Brookfield Asset Management 0.6 $1.7M 52k 33.17
New England Bancshares 0.6 $1.7M 176k 9.69
Och-Ziff Capital Management 0.6 $1.7M 121k 13.87
Calamos Asset Management 0.6 $1.7M 115k 14.52
Flushing Financial Corporation (FFIC) 0.6 $1.7M 129k 13.00
Comerica Incorporated (CMA) 0.6 $1.6M 48k 34.57
Rockville Financial 0.6 $1.7M 167k 9.90
Regions Financial Corporation (RF) 0.5 $1.6M 260k 6.20
Kaiser Federal Financial (KFFG) 0.5 $1.6M 131k 12.31
Bancorp Rhode Island (BARI) 0.5 $1.5M 34k 45.33
Cape Ban 0.5 $1.5M 155k 10.00
Citigroup Inc Com Us cmn 0.5 $1.5M 2.2M 0.69
First Commonwealth Financial (FCF) 0.5 $1.5M 266k 5.74
Aercap Holdings Nv Ord Cmn (AER) 0.5 $1.4M 110k 13.01
Transatlantic Holdings 0.5 $1.4M 29k 49.00
CVB Financial (CVBF) 0.5 $1.4M 146k 9.25
Heritage Financial Corporation (HFWA) 0.4 $1.3M 103k 12.93
Bank of New York Mellon Corporation (BK) 0.4 $1.3M 50k 25.62
American Equity Investment Life Holding 0.4 $1.2M 98k 12.71
Community Bankers Trust 0.4 $1.3M 936k 1.35
Enterprise Financial Services (EFSC) 0.4 $1.2M 86k 13.53
State Street Corporation (STT) 0.4 $1.1M 25k 45.08
KKR Financial Holdings 0.4 $1.1M 116k 9.81
Umpqua Holdings Corporation 0.4 $1.1M 97k 11.57
Two Harbors Investment 0.4 $1.1M 102k 10.75
Employers Holdings (EIG) 0.4 $1.1M 66k 16.77
Sierra Ban (BSRR) 0.4 $1.1M 97k 11.32
Janus Capital 0.4 $1.1M 114k 9.44
Cypress Sharpridge Investments 0.4 $1.1M 84k 12.81
Genworth Financial (GNW) 0.3 $1.0M 102k 10.28
HFF 0.3 $1.0M 69k 15.09
Sterling Bancshares 0.3 $1.0M 126k 8.16
PrivateBan 0.3 $1.0M 75k 13.80
Hampden Ban 0.3 $1.0M 76k 13.27
Westfield Financial 0.3 $962k 119k 8.12
Northern Trust Corporation (NTRS) 0.3 $919k 20k 45.95
Kingsway Finl Svcs 0.3 $891k 873k 1.02
JPMorgan Chase & Co. (JPM) 0.3 $860k 21k 40.95
Marshall & Ilsley Corporation 0.3 $874k 110k 7.97
Banco Bilbao Vizcaya Argentaria SA (BBVA) 0.3 $881k 75k 11.75
Wts/the Pnc Financial Services Grp wts 0.3 $848k 68k 12.42
Lincoln National Corporation (LNC) 0.3 $840k 30k 28.47
Barclays Bk Plc ipth s^p vix 0.3 $846k 40k 21.15
Protective Life 0.3 $800k 35k 23.12
Danvers Ban (DNBK) 0.3 $786k 36k 21.77
Signature Bank (SBNY) 0.2 $735k 13k 57.23
Waddell & Reed Financial 0.2 $763k 21k 36.33
Center Financial Corporation 0.2 $738k 116k 6.35
Crescent Financial Corporation (CRFN) 0.2 $761k 188k 4.05
Horace Mann Educators Corporation (HMN) 0.2 $718k 46k 15.61
optionsXpress Holdings 0.2 $731k 44k 16.69
Montpelier Re Holdings/mrh 0.2 $727k 40k 18.00
Knight Capital 0.2 $705k 64k 11.02
State Bancorp 0.2 $726k 54k 13.34
Eastern Virginia Bankshares 0.2 $720k 215k 3.35
Partner Re 0.2 $689k 10k 68.90
ProShares UltraShort 20+ Year Trea 0.2 $690k 20k 34.50
PennyMac Mortgage Investment Trust (PMT) 0.2 $663k 40k 16.58
Blackstone 0.2 $662k 40k 16.55
Hanover Insurance (THG) 0.2 $640k 17k 37.70
Credit Suisse Group 0.2 $613k 16k 39.02
Felcor Lodging Trust Inc. pfd cv a $1.95 0.2 $587k 23k 26.11
New York Community Ban 0.2 $576k 38k 15.00
Capital One Financial Cor w exp 11/201 0.2 $548k 26k 21.16
NYSE Euronext 0.2 $514k 15k 34.27
FirstMerit Corporation 0.2 $487k 30k 16.51
Wts/the Pnc Financial Services Grp wts 0.1 $447k 36k 12.42
Associated Banc- (ASB) 0.1 $463k 33k 13.89
Community Capital Corporation (CPBK) 0.1 $445k 139k 3.20
Annaly Capital Management 0.1 $361k 20k 18.05
CapitalSource 0.1 $355k 55k 6.45
Bank of Hawaii Corporation (BOH) 0.1 $358k 7.7k 46.58
CNA Financial Corporation (CNA) 0.1 $349k 12k 29.08
United Bankshares (UBSI) 0.1 $355k 15k 24.48
Bank of Marin Ban (BMRC) 0.1 $362k 10k 35.37
Bank Of America Corporation warrant 0.1 $316k 57k 5.54
Jpmorgan Chase & Co. w exp 10/201 0.1 $337k 25k 13.48
Abington Ban 0.1 $304k 29k 10.45
Brookline Ban 0.1 $295k 32k 9.28
Starwood Property Trust (STWD) 0.1 $267k 13k 20.54
First Financial Holdings 0.1 $269k 30k 8.97
TAL International 0.1 $276k 8.0k 34.50
American Intl Group 0.1 $275k 27k 10.19
Safety Insurance (SAFT) 0.1 $252k 6.0k 42.00
Alliance Data Systems Corporation (BFH) 0.1 $235k 2.5k 94.00
CenterState Banks 0.1 $250k 36k 6.91
Zions Bancorporation *w exp 05/22/202 0.1 $236k 34k 6.94
GS Financial (GSLA) 0.1 $240k 12k 20.78
Citizens South Banking 0.1 $227k 55k 4.15
First Marblehead Corporation 0.1 $212k 120k 1.77
Radian (RDN) 0.1 $212k 50k 4.24
FBR Capital Markets Corporation 0.1 $204k 60k 3.40
Berkshire Hills Ban (BBT) 0.1 $224k 10k 22.40
Citigroup Inc *w exp 10/28/201 0.1 $198k 1.7M 0.12
Anchor Bancorp 0.1 $214k 23k 9.19
PennantPark Investment (PNNT) 0.1 $135k 12k 11.25
Prospect Capital Corporation (PSEC) 0.1 $152k 15k 10.13
Citizens Republic Ban 0.1 $138k 200k 0.69
Heritage Commerce (HTBK) 0.1 $139k 27k 5.11
Valley Natl Bancorp *w exp 11/14/201 0.1 $156k 65k 2.41
Hudson City Ban 0.0 $123k 15k 8.20
Charter Financial Corporation 0.0 $120k 12k 9.89
Carver Ban 0.0 $114k 143k 0.80
Seacoast Banking Corporation of Florida 0.0 $97k 65k 1.50
First Place Financial 0.0 $92k 80k 1.15
CapLease 0.0 $98k 20k 4.92
Jefferson Bancshares 0.0 $90k 28k 3.25
Sterling Ban 0.0 $103k 11k 9.47
shares First Bancorp P R (FBP) 0.0 $86k 20k 4.30
Asset Acceptance Capital 0.0 $53k 13k 4.08
Herald National Bank (HNB) 0.0 $70k 18k 3.96
Popular 0.0 $31k 11k 2.80
Armour Residential Reit Inc *w exp 11/07/201 0.0 $14k 352k 0.04