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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
+4.14%
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
$58.9M
AUM Growth
-$2.48M
Cap. Flow
-$3.2M
Cap. Flow %
-5.44%
Top 10 Hldgs %
75.95%
Holding
48
New
9
Increased
4
Reduced
10
Closed
17

Top Buys

Rank Stock Value
1
BAC icon
Bank of America
BAC
+$4.98M
2
KBE icon
State Street SPDR S&P Bank ETF
KBE
+$4.67M
3
C icon
Citigroup
C
+$2.49M
4
WFC icon
Wells Fargo
WFC
+$2.46M
5
CRK icon
Comstock Resources
CRK
+$1M

Top Sells

Rank Stock Value
1
AER icon
AerCap
AER
+$4.09M
2
VMD icon
Viemed Healthcare
VMD
+$2.02M
3
MAG
MAG Silver
MAG
+$1.94M
4
HONE
HarborOne Bancorp
HONE
+$1.58M
5
HYMC icon
Hycroft Mining Holding Corp
HYMC
+$1.46M

Sector Composition

Rank Sector Weight
1 Financials 62.73%
2 Energy 10.95%
3 Miscellaneous 7.5%
4 Communication Services 5.75%
5 Healthcare 4.72%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SONM icon
26
DNA X Inc
SONM
$4.49M
$350K 0.59%
+250
New +$402K
EVTC icon
27
Evertec
EVTC
$1.69B
$347K 0.59%
+10,000
New +$322K
HONE
28
DELISTED
HarborOne Bancorp
HONE
$336K 0.57%
41,641
-185,000
-82% -$1.58M
PBIP
29
DELISTED
Prudential Bancorp, Inc.
PBIP
$246K 0.42%
23,296
– –
UBCP icon
30
United Bancorp
UBCP
$88.9M
$188K 0.32%
15,000
– –
AWX icon
31
Avalon Holdings
AWX
$10.1M
$40K 0.07%
22,941
-83,978
-79% -$138K
ACA icon
32
Arcosa
ACA
$7.13B
– –
-20,000
Closed -$844K
AER icon
33
AerCap
AER
$21.7B
– –
-132,723
Closed -$4.09M
CFG icon
34
Citizens Financial Group
CFG
$29.6B
– –
-25,000
Closed -$631K
FURY
35
Fury Gold Mines
FURY
$106M
– –
-168,750
Closed -$462K
FWONK icon
36
Liberty Media Series C
FWONK
$23.8B
– –
-9,246
Closed -$283K
B
37
Barrick Mining
B
$70.3B
– –
-50,000
Closed -$1.35M
HYMC icon
38
Hycroft Mining Holding Corp
HYMC
$1.93B
– –
-15,460
Closed -$1.46M
MAG
39
DELISTED
MAG Silver
MAG
– –
-137,900
Closed -$1.94M
PVBC
40
DELISTED
Provident Bancorp
PVBC
– –
-25,000
Closed -$196K
SELF
41
Global Self Storage
SELF
$57.8M
– –
-62,656
Closed -$241K
CNR
42
Core Natural Resources Inc
CNR
$4.69B
– –
-16,050
Closed -$81K
LSXMK
43
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
– –
-52,971
Closed -$1.41M
QUMU
44
DELISTED
Qumu Corp.
QUMU
– –
-99,200
Closed -$356K
TWTR
45
DELISTED
Twitter, Inc.
TWTR
– –
-25,000
Closed -$745K
AXU
46
DELISTED
Alexco Resource Corp
AXU
– –
-400,000
Closed -$900K
OTEL
47
DELISTED
Otelco, Inc. Class A
OTEL
– –
-31,300
Closed -$353K
FLY
48
DELISTED
Fly Leasing Limited
FLY
– –
-52,139
Closed -$428K
1
2

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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 Q3 2020 Portfolio in Review

As of Q3 2020, Raffles Associates held 48 positions worth $58.9M, down 4% from $61.4M the previous quarter. Its ten largest holdings account for 76% of the portfolio.

Raffles Associates withdrew a net $3.2M in Q3 2020, closing 17 positions and reducing 10 holdings. Its most notable exit was AerCap, an estimated $4.09M position sold in full.

By sector, the portfolio is most concentrated in Financials at 63% of assets, up from 47% a quarter earlier, followed by Energy and Miscellaneous.

Against the trend, Raffles Associates opened a new position in Bank of America worth $4.82M.

  • Raffles Associates's largest Q3 2020 buy was Bank of America: 200,000 shares worth $4.82M.
  • Raffles Associates added most to Comstock Resources in Q3 2020, an estimated $1M increase.
  • Raffles Associates's biggest Q3 2020 reduction was Viemed Healthcare, cutting an estimated $2.02M.
  • Raffles Associates fully exited AerCap in Q3 2020, selling an estimated $4.09M.
  • Raffles Associates's ten largest holdings make up 76% of its $58.9M portfolio in Q3 2020.
  • Raffles Associates opened 9 new positions and closed 17 in Q3 2020.
  • Raffles Associates's portfolio value fell 4% quarter-over-quarter to $58.9M.

Based on Raffles Associates's 13F filing for Q3 2020, filed 16 Nov 2020.