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RA

Raffles Associates Portfolio holdings

AUM $117M
1-Year Est. Return 22.1%
This Fund
S&P 500
This Quarter Est. Return
+2.7%
1 Year Est. Return
+22.1%
3 Year Est. Return
+49.97%
5 Year Est. Return
+31.55%
10 Year Est. Return
+123.72%
AUM
$117M
AUM Growth
+$2.07M
Cap. Flow
+$493K
Cap. Flow %
0.42%
Top 10 Hldgs %
65.39%
Holding
54
New
5
Increased
6
Reduced
19
Closed
6

Top Buys

Rank Stock Value
1
GLIBK
Liberty Capital Corp Series C GCI Group Common Stock
GLIBK
+$11.8M
2
UVXY icon
ProShares Ultra VIX Short-Term Futures ETF
UVXY
+$4.85M
3
CTGO icon
Contango Silver & Gold Inc
CTGO
+$858K
4
PERI icon
Perion Network
PERI
+$625K
5
MSOX icon
AdvisorShares MSOS 2X Daily ETF
MSOX
+$622K

Top Sells

Rank Stock Value
1
AFBI
Affinity Bancshares
AFBI
+$3.54M
2
GLL icon
ProShares UltraShort Gold
GLL
+$1.96M
3
JETS icon
US Global Jets ETF
JETS
+$1.85M
4
TMF icon
Direxion Daily 20+ Year Treasury Bull 3X ETF
TMF
+$1.8M
5
OFG icon
OFG Bancorp
OFG
+$1.72M

Sector Composition

Rank Sector Weight
1 Financials 49.7%
2 Communication Services 12.87%
3 Healthcare 10.14%
4 Materials 9.76%
5 Industrials 8.18%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FNWD icon
26
Finward Bancorp
FNWD
$188M
$978K 0.83%
26,580
– –
NXE icon
27
NexGen Energy
NXE
$6.97B
$939K 0.8%
100,000
+50,000
+100% +$568K
AFBI
28
DELISTED
Affinity Bancshares
AFBI
$932K 0.79%
41,230
-157,612
-79% -$3.54M
NSSC icon
29
Napco Security Technologies
NSSC
$1.26B
$928K 0.79%
24,424
– –
VABK icon
30
Virginia National Bankshares
VABK
$251M
$834K 0.71%
18,792
-20
-0.1% -$850
NSTS icon
31
NSTS Bancorp
NSTS
$68.8M
$779K 0.66%
56,589
-37,185
-40% -$487K
NBBK icon
32
NB Bancorp
NBBK
$984M
$673K 0.57%
31,874
+17,000
+114% +$350K
MSOX icon
33
AdvisorShares MSOS 2X Daily ETF
MSOX
$67M
$656K 0.56%
+195,747
New +$622K
KELYA icon
34
Kelly Services Class A
KELYA
$600M
$614K 0.52%
50,000
– –
SIRI icon
35
SiriusXM
SIRI
$9.62B
$567K 0.48%
19,194
– –
TRLV
36
Trulieve Cannabis Corp
TRLV
$2.28B
$492K 0.42%
+50,000
New +$482K
NWFL icon
37
Norwood Financial Corp
NWFL
$372M
$352K 0.3%
10,949
-1,500
-12% -$45.8K
ABTC
38
American Bitcoin Corp
ABTC
$560M
$327K 0.28%
32,000
-5,000
-14% -$76.5K
TZA icon
39
Direxion Daily Small Cap Bear 3x ETF
TZA
$251M
$284K 0.24%
+7,500
New +$362K
UBCP icon
40
United Bancorp
UBCP
$90.1M
$281K 0.24%
17,699
– –
IAUX
41
i-80 Gold Corp
IAUX
$1.6B
$281K 0.24%
195,000
– –
ECBK icon
42
ECB Bancorp
ECBK
$181M
$266K 0.23%
13,255
-144
-1% -$2.66K
FMNB icon
43
Farmers National Banc Corp
FMNB
$929M
$219K 0.19%
15,000
– –
HHS icon
44
Harte-Hanks
HHS
$32.4M
$190K 0.16%
87,757
– –
CLST icon
45
Catalyst Bancorp
CLST
$70.6M
$174K 0.15%
10,555
– –
AP icon
46
Ampco-Pittsburgh
AP
$183M
$130K 0.11%
15,000
– –
AWX icon
47
Avalon Holdings
AWX
$10.4M
$64.7K 0.06%
25,968
+754
+3% +$1.91K
BRBS icon
48
Blue Ridge Bankshares
BRBS
$352M
$40K 0.03%
+11,341
New +$39.5K
FBP icon
49
First Bancorp
FBP
$4.28B
– –
-31,874
Closed -$681K
JETS icon
50
US Global Jets ETF
JETS
$783M
– –
-75,000
Closed -$1.85M
1
2
3

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Raffles Associates's Q2 2026 Portfolio in Review

As of Q2 2026, Raffles Associates held 54 positions worth $117M, up 1.8% from $115M the previous quarter. Its ten largest holdings account for 65% of the portfolio.

Raffles Associates's Q2 2026 filing shows 5 new, 6 increased, 19 reduced and 6 closed positions. Its largest new stake was ProShares Ultra VIX Short-Term Futures ETF: 139,790 shares worth $3.48M. The largest sale was Affinity Bancshares, an estimated $3.54M.

By sector, the portfolio is most concentrated in Financials at 50% of assets, down from 51% a quarter earlier, followed by Communication Services and Healthcare.

  • Raffles Associates's largest Q2 2026 buy was ProShares Ultra VIX Short-Term Futures ETF: 139,790 shares worth $3.48M.
  • Raffles Associates added most to Liberty Capital Corp Series C GCI Group Common Stock in Q2 2026, an estimated $11.8M increase.
  • Raffles Associates's biggest Q2 2026 reduction was Affinity Bancshares, cutting an estimated $3.54M.
  • Raffles Associates fully exited US Global Jets ETF in Q2 2026, selling an estimated $1.85M.
  • Raffles Associates's ten largest holdings make up 65% of its $117M portfolio in Q2 2026.
  • Raffles Associates opened 5 new positions and closed 6 in Q2 2026.
  • Raffles Associates's portfolio value rose 1.8% quarter-over-quarter to $117M.

Based on Raffles Associates's 13F filing for Q2 2026, filed 14 Aug 2026.