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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
+27.24%
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
$86.1M
AUM Growth
+$27.2M
Cap. Flow
+$11.9M
Cap. Flow %
13.83%
Top 10 Hldgs %
75.27%
Holding
40
New
9
Increased
4
Reduced
4
Closed
4

Top Buys

Rank Stock Value
1
EBC icon
Eastern Bankshares
EBC
+$9.77M
2
HYMC icon
Hycroft Mining Holding Corp
HYMC
+$2.3M
3
GDX icon
VanEck Gold Miners ETF
GDX
+$1.87M
4
BPOP icon
Popular Inc
BPOP
+$1.19M
5
FBSS
Fauquier Bankshares Inc
FBSS
+$977K

Top Sells

Rank Stock Value
1
WFC icon
Wells Fargo
WFC
+$2.35M
2
C icon
Citigroup
C
+$2.16M
3
KBE icon
State Street SPDR S&P Bank ETF
KBE
+$1.85M
4
TURN
180 Degree Capital
TURN
+$747K
5
PBIP
Prudential Bancorp, Inc.
PBIP
+$246K

Sector Composition

Rank Sector Weight
1 Financials 63.96%
2 Energy 9.5%
3 Materials 6.31%
4 Communication Services 3.35%
5 Healthcare 2.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
OSG
26
Octave Specialty Group
OSG
$250M
$538K 0.62%
34,993
– –
NWFL icon
27
Norwood Financial Corp
NWFL
$367M
$523K 0.61%
+20,000
New +$524K
FSEA icon
28
First Seacoast Bancorp
FSEA
$79.5M
$516K 0.6%
48,595
– –
HONE
29
DELISTED
HarborOne Bancorp
HONE
$452K 0.52%
41,641
– –
EVTC icon
30
Evertec
EVTC
$1.95B
$393K 0.46%
10,000
– –
MIND icon
31
MIND Technology
MIND
$45M
$364K 0.42%
16,231
-10,000
-38% -$223K
LSXMK
32
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
$219K 0.25%
+6,509
New +$198K
SONM icon
33
DNA X Inc
SONM
$4.84M
$218K 0.25%
167
-83
-33% -$90.6K
UBCP icon
34
United Bancorp
UBCP
$89.8M
$198K 0.23%
15,000
– –
EQT icon
35
EQT Corp
EQT
$33B
$191K 0.22%
+15,000
New +$216K
AWX icon
36
Avalon Holdings
AWX
$9.87M
$60K 0.07%
22,941
– –
C icon
37
Citigroup
C
$222B
– –
-50,000
Closed -$2.16M
TURN
38
DELISTED
180 Degree Capital
TURN
– –
-131,831
Closed -$747K
WFC icon
39
Wells Fargo
WFC
$258B
– –
-100,000
Closed -$2.35M
PBIP
40
DELISTED
Prudential Bancorp, Inc.
PBIP
– –
-23,296
Closed -$246K
1
2

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Raffles Associates's Q4 2020 Portfolio in Review

As of Q4 2020, Raffles Associates held 40 positions worth $86.1M, up 46% from $58.9M the previous quarter. Its ten largest holdings account for 75% of the portfolio.

Raffles Associates deployed $11.9M of net new capital in Q4 2020, opening 9 new positions and adding to 4 existing holdings. Its largest new stake was Eastern Bankshares: 687,760 shares worth $11.2M.

By sector, the portfolio is most concentrated in Financials at 64% of assets, up from 62% a quarter earlier, followed by Energy and Materials.

On the sell side, the largest reduction was State Street SPDR S&P Bank ETF, an estimated $1.85M trimmed.

  • Raffles Associates's largest Q4 2020 buy was Eastern Bankshares: 687,760 shares worth $11.2M.
  • Raffles Associates added most to Popular Inc in Q4 2020, an estimated $1.19M increase.
  • Raffles Associates's biggest Q4 2020 reduction was State Street SPDR S&P Bank ETF, cutting an estimated $1.85M.
  • Raffles Associates fully exited Wells Fargo in Q4 2020, selling an estimated $2.35M.
  • Raffles Associates's ten largest holdings make up 75% of its $86.1M portfolio in Q4 2020.
  • Raffles Associates opened 9 new positions and closed 4 in Q4 2020.
  • Raffles Associates's portfolio value rose 46% quarter-over-quarter to $86.1M.

Based on Raffles Associates's 13F filing for Q4 2020, filed 16 Feb 2021.