Joseph Alfieri II, who played on the Nationwide Tour in 2005, posted an 8-under 64 to climb into a tie for fifth place at minus-9. He was joined there by Alex Cejka, who owns 11 worldwide wins.
The six-round marathon is being played on the Panther Lake and Crooked Cat Courses at Orange County National Golf Center & Lodge. The low 30 scores and ties will earn PGA Tour cards for 2006. The next 51 finishers will earn fully exempt Nationwide Tour cards for 2006 and the remainder of the field will receive conditional Nationwide Tour status.
Allen started his round on the back nine of the Crooked Cat course and tripped to a bogey on 10. He got that stroke back with a birdie on the par-3 13th.
The 46-year-old, who came in third at Q-school in 2003, made the turn at 12 under thanks to a birdie on the par-5 17th. Allen moved to minus-13 with a birdie on the first.
Allen, who finished 130th on the 2005 PGA Tour money list, stumbled to another bogey at the par-4 third. He parred his next five holes before a birdie on the ninth got him back to 13 under.
Points, who ended 161st on the 2005 PGA Tour money list, also played the back nine at Crooked Cat first. He bogeyed the 12th, but atoned for that error with a birdie on the 14th.
The 29-year-old ran off three straight birdies around the turn from the 17th. Points, who was a PGA Tour rookie in 2005, got to 10 under with a birdie on the fourth. He tripped to a bogey at the seventh, but birdied the next to share second place.
Holmes, playing one group ahead of Allen, bogeyed the 11th to slip to minus-5. However, he birdied four straight holes from the 14th to jump to minus-9. Holmes wrapped birdies at seven and nine around a bogey on the eighth to finish at 10 under.
Ellis, like the other leaders, played the back nine at Crooked Cat first and posted three birdies in a four-hole stretch from the 14th. Around the turn, Ellis birdied the first to move to minus-9. The 35-year-old birdied Nos. 3 and 4 to climb to 11 under. However, he bogeyed the seventh to fall back into a tie for second.
Jeffrey Overton, who played with Holmes in the Walker Cup, shot a 3-under 69. That moved him to 8-under-par 208 where he was joined in a tie for seventh by 1989 Kemper Open winner Tom Byrum, Bill Glasson, a seven-time winner on the PGA Tour, and 2003 Q-school winner, Mathias Gronberg.
PGA Tour veteran Briny Baird is one stroke further back at minus-7. He stands alongside Peter Tomasulo, Nick Watney, Brett Wetterich, Robert Garrigus, Tom Johnson, Brendon Jones and Henrik Bjornstad.