RA
Raffles Associates Portfolio holdings
AUM
$117M
Turnover
20.37%
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
(+1.8%)
Cap. Flow
+$493K
Cap. Flow
% of AUM
0.42%
Top 10 Holdings %
Top 10 Hldgs %
65.39%
Holding
54
New
5
Increased
6
Reduced
19
Closed
6
Avg Time Held
3.4
years
Top 10 Avg Time Held
4.1
years
Top 20 Avg Time Held
2.9
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Liberty Capital Corp Series C GCI Group Common Stock
GLIBK
|
+$11.8M |
| 2 |
ProShares Ultra VIX Short-Term Futures ETF
UVXY
|
+$4.85M |
| 3 |
Contango Silver & Gold Inc
CTGO
|
+$858K |
| 4 |
Perion Network
PERI
|
+$625K |
| 5 |
AdvisorShares MSOS 2X Daily ETF
MSOX
|
+$622K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Affinity Bancshares
AFBI
|
+$3.54M |
| 2 |
ProShares UltraShort Gold
GLL
|
+$1.96M |
| 3 |
US Global Jets ETF
JETS
|
+$1.85M |
| 4 |
Direxion Daily 20+ Year Treasury Bull 3X ETF
TMF
|
+$1.8M |
| 5 |
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 | Held Since | |
|---|---|---|---|---|---|---|---|
26
Finward Bancorp
FNWD
$178M
| $978K | 0.83% |
26,580
| – | – |
2022 Q1
17 quarters
|
|
27
NexGen Energy
NXE
$5.35B
| $939K | 0.8% |
100,000
+50,000
| +100% | +$568K |
2022 Q4
14 quarters
|
|
|
28
DELISTED
Affinity Bancshares
AFBI
| $932K | 0.79% |
41,230
-157,612
| -79% | -$3.54M |
2021 Q1
21 quarters
|
|
29
Napco Security Technologies
NSSC
$1.25B
| $928K | 0.79% |
24,424
| – | – |
2013 Q2
52 quarters
|
|
30
Virginia National Bankshares
VABK
$274M
| $834K | 0.71% |
18,792
-20
| -0.1% | -$850 |
2021 Q2
20 quarters
|
|
31
DELISTED
NSTS Bancorp
NSTS
| $779K | 0.66% |
56,589
-37,185
| -40% | -$487K |
2022 Q1
17 quarters
|
|
32
NB Bancorp
NBBK
$967M
| $673K | 0.57% |
31,874
+17,000
| +114% | +$350K |
2024 Q1
9 quarters
|
|
|
33
AdvisorShares MSOS 2X Daily ETF
MSOX
$45.2M
| $656K | 0.56% |
+195,747
| New | +$622K |
2026 Q2
0 quarters
|
|
34
Kelly Services Class A
KELYA
$544M
| $614K | 0.52% |
50,000
| – | – |
2024 Q4
6 quarters
|
|
35
SiriusXM
SIRI
$8.9B
| $567K | 0.48% |
19,194
| – | – |
2024 Q3
7 quarters
|
|
|
TRLV
36
Trulieve Cannabis Corp
TRLV
$1.95B
| $492K | 0.42% |
+50,000
| New | +$482K |
2026 Q2
0 quarters
|
|
37
Norwood Financial Corp
NWFL
$365M
| $352K | 0.3% |
10,949
-1,500
| -12% | -$45.8K |
2024 Q4
6 quarters
|
|
|
ABTC
38
American Bitcoin Corp
ABTC
$559M
| $327K | 0.28% |
32,000
-5,000
| -14% | -$76.5K |
2025 Q4
2 quarters
|
|
39
Direxion Daily Small Cap Bear 3x ETF
TZA
$259M
| $284K | 0.24% |
+7,500
| New | +$362K |
2026 Q2
0 quarters
|
|
40
United Bancorp
UBCP
$81.7M
| $281K | 0.24% |
17,699
| – | – |
2018 Q2
32 quarters
|
|
41
i-80 Gold Corp
IAUX
$1.26B
| $281K | 0.24% |
195,000
| – | – |
2025 Q4
2 quarters
|
|
42
ECB Bancorp
ECBK
$173M
| $266K | 0.23% |
13,255
-144
| -1% | -$2.66K |
2023 Q2
12 quarters
|
|
43
Farmers National Banc Corp
FMNB
$885M
| $219K | 0.19% |
15,000
| – | – |
2026 Q1
1 quarter
|
|
44
Harte-Hanks
HHS
$32.3M
| $190K | 0.16% |
87,757
| – | – |
2025 Q2
4 quarters
|
|
45
Catalyst Bancorp
CLST
$69.6M
| $174K | 0.15% |
10,555
| – | – |
2021 Q4
18 quarters
|
|
46
Ampco-Pittsburgh
AP
$177M
| $130K | 0.11% |
15,000
| – | – |
2026 Q1
1 quarter
|
|
47
Avalon Holdings
AWX
$9.71M
| $64.7K | 0.06% |
25,968
+754
| +3% | +$1.91K |
2020 Q1
25 quarters
|
|
48
Blue Ridge Bankshares
BRBS
$345M
| $40K | 0.03% |
+11,341
| New | +$39.5K |
2026 Q2
0 quarters
|
|
49
First Bancorp
FBP
$4.07B
| – | – |
-31,874
| Closed | -$681K | – |
|
|
50
US Global Jets ETF
JETS
$762M
| – | – |
-75,000
| Closed | -$1.85M | – |
|
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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.