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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
+1.57%
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
$109M
AUM Growth
-$6.1M
Cap. Flow
-$6.81M
Cap. Flow %
-6.24%
Top 10 Hldgs %
67.87%
Holding
61
New
11
Increased
7
Reduced
4
Closed
15

Top Buys

Rank Stock Value
1
STND
Standard AVB Financial Corp. Common Stock
STND
+$6.38M
2
KL
Kirkland Lake Gold Ltd Ordinary
KL
+$2.04M
3
PARA
Paramount Global Class B
PARA
+$1.66M
4
TWTR
Twitter, Inc.
TWTR
+$1.59M
5
VXX
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
+$1.5M

Top Sells

Rank Stock Value
1
TBT icon
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
+$6.29M
2
WFC icon
Wells Fargo
WFC
+$5.89M
3
REIS
Reis, Inc.
REIS
+$3.17M
4
NSU
Nevsun Resources Ltd.
NSU
+$2.69M
5
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$2.17M

Sector Composition

Rank Sector Weight
1 Financials 38.44%
2 Energy 13.47%
3 Technology 12.75%
4 Industrials 10.54%
5 Materials 8.62%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MFNC
26
DELISTED
Mackinac Financial Corporation
MFNC
$866K 0.79%
53,474
-13,813
-21% -$228K
CLBK icon
27
Columbia Financial
CLBK
$1.19B
$835K 0.77%
110,000
– –
FSM icon
28
Fortuna Silver Mines
FSM
$3.42B
$830K 0.76%
190,000
– –
CNR
29
Core Natural Resources Inc
CNR
$4.67B
$811K 0.74%
19,875
– –
LSXMA
30
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
$777K 0.71%
24,746
– –
LBRDK
31
DELISTED
Liberty Broadband Class C
LBRDK
$754K 0.69%
8,939
– –
WCFB
32
DELISTED
WCF Bancorp, Inc. Common Stock
WCFB
$737K 0.68%
78,708
– –
SAND
33
DELISTED
Sandstorm Gold
SAND
$653K 0.6%
+175,000
New +$712K
RIVE
34
DELISTED
Riverview Financial Corporation Common Stock
RIVE
$642K 0.59%
+47,204
New +$650K
TUR icon
35
iShares MSCI Turkey ETF
TUR
$217M
$595K 0.55%
+25,000
New +$607K
AXU
36
DELISTED
Alexco Resource Corp
AXU
$591K 0.54%
573,400
+75,000
+15% +$87.9K
PBIP
37
DELISTED
Prudential Bancorp, Inc.
PBIP
$572K 0.52%
33,040
– –
OTEL
38
DELISTED
Otelco, Inc. Class A
OTEL
$522K 0.48%
30,000
+10,000
+50% +$160K
SRCI
39
DELISTED
SRC Energy Inc
SRCI
$444K 0.41%
+50,000
New +$499K
VOXX
40
DELISTED
VOXX International Corporation Class A
VOXX
$390K 0.36%
75,000
+25,000
+50% +$135K
FWONK icon
41
Liberty Media Series C
FWONK
$23.7B
$332K 0.3%
9,246
– –
SELF
42
Global Self Storage
SELF
$57.9M
$324K 0.3%
77,294
– –
LBRDA
43
DELISTED
Liberty Broadband Class A
LBRDA
$225K 0.21%
2,669
– –
RAND icon
44
Rand Capital
RAND
$31.6M
$204K 0.19%
9,444
– –
UBCP icon
45
United Bancorp
UBCP
$88.9M
$197K 0.18%
15,000
– –
SVM
46
Silvercorp Metals
SVM
$2.5B
$185K 0.17%
75,000
– –
AWX icon
47
Avalon Holdings
AWX
$10.1M
– –
-155,448
Closed -$336K
EEM icon
48
iShares MSCI Emerging Markets ETF
EEM
$30.6B
– –
-50,000
Closed -$2.17M
FBP icon
49
First Bancorp
FBP
$4.28B
– –
-30,000
Closed -$230K
JNUG icon
50
Direxion Daily Junior Gold Miners Index Bull 2X ETF
JNUG
$458M
– –
-2,000
Closed -$1.36M
1
2
3

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Raffles Associates's Q3 2018 Portfolio in Review

As of Q3 2018, Raffles Associates held 61 positions worth $109M, down 5.3% from $115M the previous quarter. Its ten largest holdings account for 68% of the portfolio.

Raffles Associates withdrew a net $6.81M in Q3 2018, closing 15 positions and reducing 4 holdings. Its most notable exit was ProShares Trust UltraShort Lehman 20+ Year Treasury, an estimated $6.29M position sold in full.

By sector, the portfolio is most concentrated in Financials at 38% of assets, up from 35% a quarter earlier, followed by Energy and Technology.

Against the trend, Raffles Associates opened a new position in Standard AVB Financial Corp. Common Stock worth $6.35M.

  • Raffles Associates's largest Q3 2018 buy was Standard AVB Financial Corp. Common Stock: 204,108 shares worth $6.35M.
  • Raffles Associates added most to iPath Series B Bloomberg Coffee Subindex Total ReturnSM ETN in Q3 2018, an estimated $1.01M increase.
  • Raffles Associates's biggest Q3 2018 reduction was Alamos Gold, cutting an estimated $533K.
  • Raffles Associates fully exited ProShares Trust UltraShort Lehman 20+ Year Treasury in Q3 2018, selling an estimated $6.29M.
  • Raffles Associates's ten largest holdings make up 68% of its $109M portfolio in Q3 2018.
  • Raffles Associates opened 11 new positions and closed 15 in Q3 2018.
  • Raffles Associates's portfolio value fell 5.3% quarter-over-quarter to $109M.

Based on Raffles Associates's 13F filing for Q3 2018, filed 14 Nov 2018.