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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
+28.91%
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
$61.4M
AUM Growth
+$6.48M
Cap. Flow
-$5.48M
Cap. Flow %
-8.94%
Top 10 Hldgs %
69.01%
Holding
49
New
4
Increased
7
Reduced
12
Closed
10

Top Buys

Rank Stock Value
1
HYMC icon
Hycroft Mining Holding Corp
HYMC
+$1.56M
2
FBP icon
First Bancorp
FBP
+$813K
3
TWTR
Twitter, Inc.
TWTR
+$754K
4
CFG icon
Citizens Financial Group
CFG
+$567K
5
CRK icon
Comstock Resources
CRK
+$448K

Top Sells

Rank Stock Value
1
VMD icon
Viemed Healthcare
VMD
+$2.96M
2
PARA
Paramount Global Class B
PARA
+$1.96M
3
MAG
MAG Silver
MAG
+$1.72M
4
HONE
HarborOne Bancorp
HONE
+$457K
5
MIND icon
MIND Technology
MIND
+$416K

Sector Composition

Rank Sector Weight
1 Financials 47.29%
2 Materials 12.81%
3 Industrials 12.55%
4 Healthcare 8.16%
5 Communication Services 7.99%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FURY
26
Fury Gold Mines
FURY
$107M
$462K 0.75%
168,750
– –
FLY
27
DELISTED
Fly Leasing Limited
FLY
$428K 0.7%
52,139
– –
FSEA icon
28
First Seacoast Bancorp
FSEA
$80.8M
$358K 0.58%
48,595
-4,602
-9% -$34.1K
QUMU
29
DELISTED
Qumu Corp.
QUMU
$356K 0.58%
99,200
-800
-0.8% -$1.83K
OTEL
30
DELISTED
Otelco, Inc. Class A
OTEL
$353K 0.58%
31,300
+1,300
+4% +$9.66K
CRK icon
31
Comstock Resources
CRK
$4.2B
$328K 0.53%
+75,000
New +$448K
FWONK icon
32
Liberty Media Series C
FWONK
$24B
$283K 0.46%
9,246
– –
PBIP
33
DELISTED
Prudential Bancorp, Inc.
PBIP
$280K 0.46%
23,296
-9,744
-29% -$116K
SELF
34
Global Self Storage
SELF
$58.4M
$241K 0.39%
62,656
– –
PVBC
35
DELISTED
Provident Bancorp
PVBC
$196K 0.32%
25,000
– –
UBCP icon
36
United Bancorp
UBCP
$90.2M
$173K 0.28%
15,000
– –
AWX icon
37
Avalon Holdings
AWX
$10.1M
$172K 0.28%
106,919
+36,905
+53% +$53.4K
TURN
38
DELISTED
180 Degree Capital
TURN
$98K 0.16%
18,733
+4,800
+34% +$22.5K
CNR
39
Core Natural Resources Inc
CNR
$4.78B
$81K 0.13%
16,050
-25,000
-61% -$156K
AEM icon
40
Agnico Eagle Mines
AEM
$100B
– –
-10,000
Closed -$398K
FL
41
DELISTED
Foot Locker
FL
– –
-10,000
Closed -$220K
FSM icon
42
Fortuna Silver Mines
FSM
$3.44B
– –
-140,000
Closed -$323K
MIND icon
43
MIND Technology
MIND
$38M
– –
-33,270
Closed -$416K
PARA
44
DELISTED
Paramount Global Class B
PARA
– –
-140,064
Closed -$1.96M
RAND icon
45
Rand Capital
RAND
$31.3M
– –
-4,427
Closed -$89K
SVM
46
Silvercorp Metals
SVM
$2.53B
– –
-50,000
Closed -$164K
WMB icon
47
Williams Companies
WMB
$88B
– –
-15,000
Closed -$212K
HPR
48
DELISTED
HighPoint Resources Corporation
HPR
– –
-3,242
Closed -$31K
CCR
49
DELISTED
CONSOL Coal Resources LP
CCR
– –
-40,746
Closed -$232K
1
2

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TCM
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MTI
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EFT
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PCC
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WCM
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AC
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OCM
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Raffles Associates's Q2 2020 Portfolio in Review

As of Q2 2020, Raffles Associates held 49 positions worth $61.4M, up 12% from $54.9M the previous quarter. Its ten largest holdings account for 69% of the portfolio.

Raffles Associates withdrew a net $5.48M in Q2 2020, closing 10 positions and reducing 12 holdings. Its most notable exit was Paramount Global Class B, an estimated $1.96M position sold in full.

By sector, the portfolio is most concentrated in Financials at 47% of assets, down from 51% a quarter earlier, followed by Materials and Industrials.

Against the trend, Raffles Associates opened a new position in Hycroft Mining Holding Corp worth $1.46M.

  • Raffles Associates's largest Q2 2020 buy was Hycroft Mining Holding Corp: 15,460 shares worth $1.46M.
  • Raffles Associates added most to First Bancorp in Q2 2020, an estimated $813K increase.
  • Raffles Associates's biggest Q2 2020 reduction was Viemed Healthcare, cutting an estimated $2.96M.
  • Raffles Associates fully exited Paramount Global Class B in Q2 2020, selling an estimated $1.96M.
  • Raffles Associates's ten largest holdings make up 69% of its $61.4M portfolio in Q2 2020.
  • Raffles Associates opened 4 new positions and closed 10 in Q2 2020.
  • Raffles Associates's portfolio value rose 12% quarter-over-quarter to $61.4M.

Based on Raffles Associates's 13F filing for Q2 2020, filed 14 Aug 2020.