0000905148-12-000380.txt : 20120214 0000905148-12-000380.hdr.sgml : 20120214 20120214113156 ACCESSION NUMBER: 0000905148-12-000380 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20111231 FILED AS OF DATE: 20120214 DATE AS OF CHANGE: 20120214 EFFECTIVENESS DATE: 20120214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KBW, Inc. CENTRAL INDEX KEY: 0001350173 IRS NUMBER: 134055775 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-13958 FILM NUMBER: 12604649 BUSINESS ADDRESS: STREET 1: 787 SEVENTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212-887-7777 MAIL ADDRESS: STREET 1: 787 SEVENTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10019 13F-HR 1 efc12-171_fm13fhr.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2011 ----------------- Check here if Amendment [ ]: Amendment Number: ----------------------- This Amendment (Check only one): | | is a restatement | | adds new holdings entries Institutional Investment Manager Filing this Report: Name: KBW, Inc. Address: 787 Seventh Avenue 4th Floor New York, NY 10019 Form 13F File Number: 028-13958 --------- The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Mitchell Kleinman Title: Secretary and General Counsel Phone: (212) 887-6788 Signature, Place and Date of Signing: /s/ Mitchell Kleinman New York, New York February 14, 2012 ------------------------------- ---------------------- ----------------- [Signature] [City, State] [Date] Report Type (Check only one): |X| 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) | | 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) | | 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 ------------------- Form 13F Information Table Entry Total: 116 ------------------- Form 13F Information Table Value Total: $97,831 ------------------- (in thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. No. Form 13F File Number Name None
KBW, INC. FORM 13F INFORMATION TABLE Quarter Ended December 31, 2011 ----------------------------------------------------------------------------------------------------------------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ----------------------------------------------------------------------------------------------------------------------------- AERCAP HOLDINGS NV SHS N00985106 1,007 89,208 SH DEFINED 89,208 ALLIANCE BANKSHARES CORP COM 018535104 40 11,500 SH DEFINED 11,500 AMERIPRISE FINL INC COM 03076C106 645 13,000 SH DEFINED 13,000 ANNALY CAP MGMT INC NOTE 4.000% 2/1 035710AA0 2,040 1,800,000 PRN DEFINED NONE AON CORP COM 037389103 1,732 37,000 SH DEFINED 37,000 APOLLO GLOBAL MGMT LLC CL A SHS 037612306 745 60,000 SH DEFINED 60,000 APOLLO INVT CORP COM 03761U106 419 65,000 SH DEFINED 65,000 ASSURED GUARANTY LTD COM G0585R106 263 20,000 SH DEFINED 20,000 BANCORP INC DEL COM 05969A105 217 30,000 SH DEFINED 30,000 BANCORP RHODE ISLAND INC COM 059690107 947 23,844 SH DEFINED 23,844 BARCLAYS BANK PLC SP ADR 7.1%PF3 06739H776 526 26,600 PRN DEFINED NONE BARCLAYS BK PLC IPTH S&P VIX NEW 06740C261 711 20,000 SH DEFINED 20,000 BERKSHIRE HILLS BANCORP INC COM 084680107 311 14,000 SH DEFINED 14,000 BLACKSTONE GROUP L P COM UNIT LTD 09253U108 315 22,500 SH DEFINED 22,500 BOSTON PRIVATE FINL HLDGS IN *W EXP 11/21/201 101119113 147 50,400 SH DEFINED 50,400 BROWN & BROWN INC COM 115236101 950 42,000 SH DEFINED 42,000 CAPE BANCORP INC COM 139209100 157 20,000 SH DEFINED 20,000 CAPITAL ONE FINL CORP COM 14040H105 6,513 154,000 SH DEFINED 154,000 CIGNA CORPORATION COM 125509109 1,033 24,600 SH DEFINED 24,600 CIT GROUP INC COM NEW 125581801 642 18,400 SH DEFINED 18,400 CIT GROUP INC COM NEW 125581801 1,395 40,000 SH CALL DEFINED 40,000 CITIGROUP INC *W EXP 01/04/201 172967226 190 656,497 SH DEFINED 656,497 CITIGROUP INC COM NEW 172967424 921 35,000 SH DEFINED 35,000 CITIZENS REPUBLIC BANCORP IN COM NEW 174420307 228 20,000 SH DEFINED 20,000 CNA FINL CORP COM 126117100 375 14,000 SH DEFINED 14,000 COLONY FINL INC COM 19624R106 1,571 100,000 SH DEFINED 100,000 COMERICA INC COM 200340107 2,167 84,000 SH DEFINED 84,000 COMMERCE BANCSHARES INC COM 200525103 1,075 28,200 SH DEFINED 28,200 COMMUNITY BANKERS TR CORP COM 203612106 1,195 1,038,771 SH DEFINED 1,038,771 COWEN GROUP INC NEW CL A 223622101 427 165,000 SH DEFINED 165,000 DELPHI FINL GROUP INC CL A 247131105 332 7,500 SH DEFINED 7,500 DISCOVER FINL SVCS COM 254709108 2,796 116,500 SH DEFINED 116,500 DORAL FINL CORP COM NEW 25811P886 48 50,000 SH DEFINED 50,000 E TRADE FINANCIAL CORP COM NEW 269246401 772 97,000 SH DEFINED 97,000 EAST WEST BANCORP INC COM 27579R104 514 26,002 SH DEFINED 26,002 EASTERN VA BANKSHARES INC COM 277196101 402 200,035 SH DEFINED 200,035 FBR & CO COM 30247C301 123 60,000 SH DEFINED 60,000 FELCOR LODGING TR INC PFD CV A $1.95 31430F200 332 15,000 PRN DEFINED NONE FIFTH THIRD BANCORP COM 316773100 420 33,000 SH DEFINED 33,000 FIRST BANCORP P R COM NEW 318672706 157 45,000 SH DEFINED 45,000 FIRST CALIFORNIA FINANCIAL G COM NEW 319395109 214 65,685 SH DEFINED 65,685 FIRST COMWLTH FINL CORP PA COM 319829107 615 116,900 SH DEFINED 116,900 FIRST FINL HLDGS INC COM 320239106 671 75,135 SH DEFINED 75,135 FIRST HORIZON NATL CORP COM 320517105 80 10,000 SH DEFINED 10,000 FIRST MARBLEHEAD CORP COM 320771108 211 180,000 SH DEFINED 180,000 FIRST NIAGARA FINL GP INC COM 33582V108 2,632 305,000 SH DEFINED 305,000 FLUSHING FINL CORP COM 343873105 839 66,416 SH DEFINED 66,416 FOREST CITY ENTERPRISES INC CL A 345550107 532 45,000 SH DEFINED 45,000 FORTEGRA FINL CORP COM 34954W104 359 53,698 SH DEFINED 53,698 FORTRESS INVESTMENT GROUP LL CL A 34958B106 528 156,200 SH DEFINED 156,200 FRANKLIN RES INC COM 354613101 1,354 14,100 SH DEFINED 14,100 FULTON FINL CORP PA COM 360271100 147 15,000 SH DEFINED 15,000 GENWORTH FINL INC COM CL A 37247D106 303 46,200 SH DEFINED 46,200 GLIMCHER RLTY TR SH BEN INT 379302102 92 10,000 SH DEFINED 10,000 GOLDMAN SACHS GROUP INC COM 38141G104 1,356 15,000 SH CALL DEFINED 15,000 GUARANTY BANCORP DEL COM 40075T102 111 75,600 SH DEFINED 75,600 HAMPDEN BANCORP INC COM 40867E107 541 45,848 SH DEFINED 45,848 HANCOCK HLDG CO COM 410120109 288 9,000 SH DEFINED 9,000 HANOVER INS GROUP INC COM 410867105 699 20,000 SH DEFINED 20,000 HARTFORD FINL SVCS GROUP INC COM 416515104 813 50,000 SH CALL DEFINED 50,000 HARTFORD FINL SVCS GROUP INC COM 416515104 1,895 116,600 SH DEFINED 116,600 HCC INS HLDGS INC COM 404132102 446 16,200 SH DEFINED 16,200 HERSHA HOSPITALITY TR SH BEN INT A 427825104 330 67,524 SH DEFINED 67,524 HORACE MANN EDUCATORS CORP N COM 440327104 658 48,000 SH DEFINED 48,000 HUNTINGTON BANCSHARES INC COM 446150104 137 25,000 SH DEFINED 25,000 INVESCO MORTGAGE CAPITAL INC COM 46131B100 653 46,474 SH DEFINED 46,474 JEFFERSON BANCSHARES INC TEN COM 472375104 95 41,000 SH DEFINED 41,000 JPMORGAN CHASE & CO COM 46625H100 615 18,500 SH DEFINED 18,500 KAISER FED FINL GROUP INC COM 483056107 159 12,374 SH DEFINED 12,374 KEYCORP NEW COM 493267108 2,944 382,800 SH DEFINED 382,800 KKR & CO L P DEL COM UNITS 48248M102 2,397 186,848 SH DEFINED 186,848 KNIGHT CAP GROUP INC CL A COM 499005106 426 36,000 SH DEFINED 36,000 LAZARD LTD SHS A G54050102 1,436 55,000 SH DEFINED 55,000 LINCOLN NATL CORP IND COM 534187109 574 29,545 SH DEFINED 29,545 MAIDEN HOLDINGS LTD SHS G5753U112 621 70,851 SH DEFINED 70,851 METLIFE INC COM 59156R108 2,339 75,000 SH DEFINED 75,000 METROCORP BANCSHARES INC COM 591650106 124 19,455 SH DEFINED 19,455 MFA FINANCIAL INC COM 55272X102 223 33,257 SH DEFINED 33,257 MONEYGRAM INTL INC COM NEW 60935Y208 621 35,000 SH DEFINED 35,000 MONTPELIER RE HOLDINGS LTD SHS G62185106 533 30,000 SH DEFINED 30,000 NASDAQ OMX GROUP INC COM 631103108 1,261 51,461 SH DEFINED 51,461 NELNET INC CL A 64031N108 392 16,000 SH DEFINED 16,000 NEW ENGLAND BANCSHARES INC C COM NEW 643863202 1,141 110,000 SH DEFINED 110,000 NEW YORK CMNTY BANCORP INC COM 649445103 997 80,580 SH DEFINED 80,580 NYSE EURONEXT COM 629491101 261 10,000 SH DEFINED 10,000 OCH ZIFF CAP MGMT GROUP CL A 67551U105 362 43,000 SH DEFINED 43,000 OCWEN FINL CORP COM NEW 675746309 1,025 70,782 SH DEFINED 70,782 ORIENTAL FINL GROUP INC COM 68618W100 640 52,888 SH DEFINED 52,888 PARK STERLING CORP COM 70086Y105 3,758 921,069 SH DEFINED 921,069 PLATINUM UNDERWRITER HLDGS L COM G7127P100 478 14,000 SH DEFINED 14,000 POPULAR INC COM 733174106 244 175,333 SH DEFINED 175,333 PREFERRED BK LOS ANGELES CA COM NEW 740367404 1,620 217,454 SH DEFINED 217,454 PRUDENTIAL FINL INC COM 744320102 1,153 23,000 SH DEFINED 23,000 RADIAN GROUP INC COM 750236101 59 25,000 SH DEFINED 25,000 REDWOOD TR INC COM 758075402 1,597 156,900 SH DEFINED 156,900 SAFETY INS GROUP INC COM 78648T100 1,348 33,300 SH DEFINED 33,300 SIERRA BANCORP COM 82620P102 132 15,038 SH DEFINED 15,038 SOUTHWEST BANCORP INC OKLA COM 844767103 1,223 205,159 SH DEFINED 205,159 STARWOOD HOTELS&RESORTS WRLD COM 85590A401 959 20,000 SH DEFINED 20,000 STATE BANCORP INC N.Y COM 855716106 728 59,694 SH DEFINED 59,694 STRATEGIC HOTELS & RESORTS I COM 86272T106 295 54,884 SH DEFINED 54,884 SUNTRUST BKS INC COM 867914103 708 40,000 SH CALL DEFINED 40,000 SUNTRUST BKS INC COM 867914103 2,744 155,000 SH DEFINED 155,000 SUSQUEHANNA BANCSHARES INC P COM 869099101 2,104 251,042 SH DEFINED 251,042 SYMETRA FINL CORP COM 87151Q106 658 72,600 SH DEFINED 72,600 TRUSTCO BK CORP N Y COM 898349105 112 20,000 SH DEFINED 20,000 VALLEY NATL BANCORP *W EXP 11/14/201 919794131 373 245,500 SH DEFINED 245,500 WADDELL & REED FINL INC CL A 930059100 978 39,500 SH DEFINED 39,500 WALKER & DUNLOP INC COM 93148P102 696 55,388 SH DEFINED 55,388 WALTER INVT MGMT CORP COM 93317W102 1,738 84,732 SH DEFINED 84,732 WASHINGTON FED INC *W EXP 11/14/201 938824117 216 57,501 SH DEFINED 57,501 WESTAMERICA BANCORPORATION COM 957090103 243 5,546 SH DEFINED 5,546 WESTERN ALLIANCE BANCORP COM 957638109 212 34,000 SH DEFINED 34,000 WINTRUST FINANCIAL CORP COM 97650W108 1,010 36,000 SH DEFINED 36,000 XL GROUP PLC SHS G98290102 1,572 79,500 SH DEFINED 79,500 ZIONS BANCORPORATION COM 989701107 383 23,500 SH DEFINED 23,500