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Raffles Associates Portfolio holdings

AUM $117M
1-Year Est. Return 22.1%
This Fund
S&P 500
This Quarter Est. Return
+5.23%
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
$108M
AUM Growth
+$11.3M
Cap. Flow
+$6.36M
Cap. Flow %
5.91%
Top 10 Hldgs %
43.2%
Holding
53
New
5
Increased
8
Reduced
10
Closed
1

Top Buys

Rank Stock Value
1
FLY
Fly Leasing Limited
FLY
+$4.22M
2
HTS
HATTERAS FINANCIAL CORP
HTS
+$1.61M
3
VXX
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
+$1.57M
4
TRQ
Turquoise Hill Resources Ltd
TRQ
+$1.53M
5
AGNC icon
AGNC Investment
AGNC
+$788K

Top Sells

Rank Stock Value
1
JMI
JAVELIN MTG INVESTMENT CORP COM
JMI
+$2.49M
2
CYS
CYS Investments Inc.
CYS
+$808K
3
WPM icon
Wheaton Precious Metals
WPM
+$595K
4
AXU
Alexco Resource Corp
AXU
+$500K
5
NUGT icon
Direxion Daily Gold Miners Index Bull 2X ETF
NUGT
+$340K

Sector Composition

Rank Sector Weight
1 Financials 25.04%
2 Miscellaneous 18.05%
3 Industrials 14.65%
4 Energy 13.75%
5 Materials 13.47%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MHR
26
DELISTED
MAGNUM HUNTER RESOURCES CORP (DEL)
MHR
$1.51M 1.4%
245,000
-35,000
-13% -$159K
PNC.WS
27
DELISTED
PNC Financial Services Group Inc
PNC.WS
$1.5M 1.39%
97,300
– –
HTS
28
DELISTED
HATTERAS FINANCIAL CORP
HTS
$1.5M 1.39%
+80,000
New +$1.61M
VXX
29
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
$1.47M 1.37%
+1,563
New +$1.57M
PLG
30
Platinum Group Metals
PLG
$174M
$1.43M 1.33%
14,165
+1,000
+8% +$104K
AMIC
31
DELISTED
AMERICAN INDEPENDENCE CORP
AMIC
$1.4M 1.3%
140,835
+2,690
+2% +$22.8K
MAYS icon
32
J.W. Mays
MAYS
$1.39M 1.29%
54,620
– –
ARR
33
Armour Residential REIT
ARR
$2.16B
$1.36M 1.27%
8,125
– –
TRQ
34
DELISTED
Turquoise Hill Resources Ltd
TRQ
$1.32M 1.23%
+38,970
New +$1.53M
AWX icon
35
Avalon Holdings
AWX
$10.3M
$1.25M 1.16%
232,969
– –
FMNB icon
36
Farmers National Banc Corp
FMNB
$944M
$1.22M 1.13%
192,601
+37,700
+24% +$236K
SOQ
37
DELISTED
SONDE RESOURCES CORP COM NEW (CAD)
SOQ
$1.16M 1.08%
969,883
– –
NSSC icon
38
Napco Security Technologies
NSSC
$1.29B
$1.05M 0.97%
394,372
-40,000
-9% -$101K
WAYN
39
DELISTED
Wayne Savings Bancshares Inc
WAYN
$1M 0.93%
94,005
– –
PPBI
40
DELISTED
Pacific Premier Bancorp
PPBI
$942K 0.88%
70,173
-20,500
-23% -$267K
CYS
41
DELISTED
CYS Investments Inc.
CYS
$813K 0.76%
100,000
-100,000
-50% -$808K
AGNC icon
42
AGNC Investment
AGNC
$12B
$790K 0.73%
+35,000
New +$788K
COWN
43
DELISTED
Cowen Inc. Class A Common Stock
COWN
$774K 0.72%
56,250
+43,750
+350% +$584K
WLFC icon
44
Willis Lease Finance
WLFC
$1.13B
$773K 0.72%
147,507
– –
CHEV
45
DELISTED
CHEVIOT FINL CORP
CHEV
$761K 0.71%
70,000
– –
NUGT icon
46
Direxion Daily Gold Miners Index Bull 2X ETF
NUGT
$1.16B
$754K 0.7%
375
-125
-25% -$340K
AMTG
47
DELISTED
APOLLO RESIDENTIAL MTG INC COM STK
AMTG
$730K 0.68%
+50,000
New +$775K
BSIN
48
Big Sky Industrial
BSIN
$86.1M
$618K 0.57%
4,883
-417
-8% -$51K
AXU
49
DELISTED
Alexco Resource Corp
AXU
$527K 0.49%
366,914
-336,757
-48% -$500K
NSU
50
DELISTED
Nevsun Resources Ltd.
NSU
$328K 0.3%
100,000
– –
1
2
3

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Raffles Associates's Q3 2013 Portfolio in Review

As of Q3 2013, Raffles Associates held 53 positions worth $108M, up 12% from $96.3M the previous quarter. Its ten largest holdings account for 43% of the portfolio.

Raffles Associates deployed $6.36M of net new capital in Q3 2013, opening 5 new positions and adding to 8 existing holdings. Its largest new stake was HATTERAS FINANCIAL CORP: 80,000 shares worth $1.5M.

By sector, the portfolio is most concentrated in Financials at 25% of assets, down from 26% a quarter earlier, followed by Miscellaneous and Industrials.

On the sell side, the largest reduction was CYS Investments Inc., an estimated $808K trimmed.

  • Raffles Associates's largest Q3 2013 buy was HATTERAS FINANCIAL CORP: 80,000 shares worth $1.5M.
  • Raffles Associates added most to Fly Leasing Limited in Q3 2013, an estimated $4.22M increase.
  • Raffles Associates's biggest Q3 2013 reduction was CYS Investments Inc., cutting an estimated $808K.
  • Raffles Associates fully exited JAVELIN MTG INVESTMENT CORP COM in Q3 2013, selling an estimated $2.49M.
  • Raffles Associates's ten largest holdings make up 43% of its $108M portfolio in Q3 2013.
  • Raffles Associates opened 5 new positions and closed 1 in Q3 2013.
  • Raffles Associates's portfolio value rose 12% quarter-over-quarter to $108M.

Based on Raffles Associates's 13F filing for Q3 2013, filed 15 Nov 2013.