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Raffles Associates Portfolio holdings

AUM $115M
1-Year Est. Return 35.69%
This Fund
S&P 500
This Quarter Est. Return
+13.07%
1 Year Est. Return
+35.69%
3 Year Est. Return
+44.69%
5 Year Est. Return
+37.47%
10 Year Est. Return
+130.35%
AUM
$124M
AUM Growth
+$24.1M
Cap. Flow
+$12.1M
Cap. Flow %
9.77%
Top 10 Hldgs %
46.14%
Holding
60
New
6
Increased
4
Reduced
9
Closed
8

Top Buys

Rank Stock Value
1
ISBC
Investors Bancorp, Inc.
ISBC
+$8.53M
2
MPVD
Mountain Province Diamonds Inc.
MPVD
+$5.69M
3
ALLY icon
Ally Financial
ALLY
+$3.04M
4
AUY
Yamana Gold, Inc.
AUY
+$1.96M
5
WPM icon
Wheaton Precious Metals
WPM
+$1.12M

Top Sells

Rank Stock Value
1
SC
SANTANDER CONSUMER USA HOLDINGS INC
SC
+$3.49M
2
EGO icon
Eldorado Gold
EGO
+$1.22M
3
GDP
GOODRICH PETROLEUM CORP(NEW)
GDP
+$1,000K
4
CHFN
Charter Financial Corp
CHFN
+$876K
5
JPM.WS
JPMorgan Chase
JPM.WS
+$606K

Sector Composition

Rank Sector Weight
1 Financials 27.89%
2 Materials 16.11%
3 Industrials 11.87%
4 Energy 9.08%
5 Real Estate 3.6%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FLY
26
DELISTED
Fly Leasing Limited
FLY
$1.94M 1.56%
134,063
+30,000
+29% +$424K
CWAY
27
DELISTED
Coastway Bancorp, Inc.
CWAY
$1.94M 1.56%
177,000
– –
TRQ
28
DELISTED
Turquoise Hill Resources Ltd
TRQ
$1.67M 1.35%
50,000
-10,000
-17% -$370K
PLG
29
Platinum Group Metals
PLG
$168M
$1.53M 1.23%
12,815
+150
+1% +$16.2K
WBKC
30
DELISTED
Wolverine Bancorp, Inc.
WBKC
$1.49M 1.2%
65,700
– –
FMNB icon
31
Farmers National Banc Corp
FMNB
$941M
$1.46M 1.18%
187,827
-10,000
-5% -$76.3K
AAV
32
DELISTED
Advantage Oil & Gas Ltd
AAV
$1.34M 1.08%
200,000
– –
WPM icon
33
Wheaton Precious Metals
WPM
$51.5B
$1.32M 1.06%
+50,000
New +$1.12M
VPG icon
34
Vishay Precision Group
VPG
$1.17B
$1.26M 1.02%
76,865
-10,717
-12% -$175K
WAYN
35
DELISTED
Wayne Savings Bancshares Inc
WAYN
$1.22M 0.98%
94,005
– –
MHR
36
DELISTED
MAGNUM HUNTER RESOURCES CORP (DEL)
MHR
$1.02M 0.82%
125,000
– –
NSSC icon
37
Napco Security Technologies
NSSC
$1.3B
$1.02M 0.82%
374,372
– –
AWX icon
38
Avalon Holdings
AWX
$9.87M
$991K 0.8%
229,969
– –
WLFC icon
39
Willis Lease Finance
WLFC
$1.73B
$960K 0.77%
117,507
– –
COWN
40
DELISTED
Cowen Inc. Class A Common Stock
COWN
$950K 0.76%
56,250
– –
BSIN
41
Big Sky Industrial
BSIN
$58.6M
$894K 0.72%
3,441
-437
-11% -$111K
CHEV
42
DELISTED
CHEVIOT FINL CORP
CHEV
$872K 0.7%
70,000
– –
STAA icon
43
STAAR Surgical
STAA
$1.21B
$840K 0.68%
+50,000
New +$823K
CNX icon
44
CNX Resources
CNX
$4.9B
$691K 0.56%
18,000
– –
JO
45
DELISTED
iPath Bloomberg Coffee Subindex Total Return ETN due June 24, 2038
JO
$672K 0.54%
+20,000
New +$733K
SOQ
46
DELISTED
SONDE RESOURCES CORP COM NEW (CAD)
SOQ
$614K 0.49%
1,804,597
– –
AYR
47
DELISTED
Aircastle Ltd
AYR
$538K 0.43%
30,254
– –
AMRI
48
DELISTED
Albany Molecular Research Inc
AMRI
$503K 0.4%
25,000
– –
NSU
49
DELISTED
Nevsun Resources Ltd.
NSU
$400K 0.32%
100,000
– –
MFNC
50
DELISTED
Mackinac Financial Corporation
MFNC
$387K 0.31%
30,000
– –
1
2
3

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Raffles Associates's Q2 2014 Portfolio in Review

As of Q2 2014, Raffles Associates held 60 positions worth $124M, up 24% from $100M the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Raffles Associates deployed $12.1M of net new capital in Q2 2014, opening 6 new positions and adding to 4 existing holdings. Its largest new stake was Investors Bancorp, Inc.: 800,000 shares worth $8.84M.

By sector, the portfolio is most concentrated in Financials at 28% of assets, up from 27% a quarter earlier, followed by Materials and Industrials.

On the sell side, the largest reduction was Eldorado Gold, an estimated $1.22M trimmed.

  • Raffles Associates's largest Q2 2014 buy was Investors Bancorp, Inc.: 800,000 shares worth $8.84M.
  • Raffles Associates added most to Mountain Province Diamonds Inc. in Q2 2014, an estimated $5.69M increase.
  • Raffles Associates's biggest Q2 2014 reduction was Eldorado Gold, cutting an estimated $1.22M.
  • Raffles Associates fully exited SANTANDER CONSUMER USA HOLDINGS INC in Q2 2014, selling an estimated $3.49M.
  • Raffles Associates's ten largest holdings make up 46% of its $124M portfolio in Q2 2014.
  • Raffles Associates opened 6 new positions and closed 8 in Q2 2014.
  • Raffles Associates's portfolio value rose 24% quarter-over-quarter to $124M.

Based on Raffles Associates's 13F filing for Q2 2014, filed 14 Aug 2014.