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RA

Raffles Associates Portfolio holdings

AUM $115M
1-Year Est. Return 35.69%
This Fund
S&P 500
This Quarter Est. Return
-0.92%
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
$74.4M
AUM Growth
+$962K
Cap. Flow
+$2.27M
Cap. Flow %
3.05%
Top 10 Hldgs %
61.19%
Holding
54
New
8
Increased
10
Reduced
8
Closed
9

Top Buys

Rank Stock Value
1
BAC icon
Bank of America
BAC
+$4.28M
2
VXX icon
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
+$2.5M
3
PARA
Paramount Global Class B
PARA
+$1.35M
4
OXY icon
Occidental Petroleum
OXY
+$1.2M
5
OFG icon
OFG Bancorp
OFG
+$1.18M

Top Sells

Rank Stock Value
1
UNG icon
United States Natural Gas Fund
UNG
+$3.12M
2
EBC icon
Eastern Bankshares
EBC
+$1.78M
3
UVXY icon
ProShares Ultra VIX Short-Term Futures ETF
UVXY
+$1.16M
4
MS icon
Morgan Stanley
MS
+$878K
5
WMPN
William Penn Bancorporation Common Stock
WMPN
+$812K

Sector Composition

Rank Sector Weight
1 Financials 61.28%
2 Industrials 9.61%
3 Healthcare 7.15%
4 Energy 5.37%
5 Materials 4.08%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VABK icon
26
Virginia National Bankshares
VABK
$243M
$831K 1.12%
25,844
-14,500
-36% -$457K
PBPB
27
DELISTED
Potbelly
PBPB
$816K 1.1%
92,960
+37,500
+68% +$329K
REPX icon
28
Riley Exploration Permian
REPX
$770M
$736K 0.99%
20,606
-13,894
-40% -$542K
FNWD icon
29
Finward Bancorp
FNWD
$193M
$613K 0.82%
27,872
– –
LSXMA
30
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
$587K 0.79%
24,332
– –
GPOR icon
31
Gulfport Energy Corp
GPOR
$2.83B
$578K 0.78%
5,500
– –
VZLA
32
Vizsla Silver
VZLA
$1.16B
$549K 0.74%
450,000
+250,000
+125% +$335K
KWEB icon
33
KraneShares CSI China Internet ETF
KWEB
$5.2B
$539K 0.72%
20,000
– –
SAND
34
DELISTED
Sandstorm Gold
SAND
$512K 0.69%
+100,000
New +$557K
ACDC icon
35
ProFrac Holding
ACDC
$771M
$446K 0.6%
40,000
+15,000
+60% +$178K
BHB icon
36
Bar Harbor Bankshares
BHB
$654M
$423K 0.57%
17,182
+4,000
+30% +$98.8K
FSEA icon
37
First Seacoast Bancorp
FSEA
$79.3M
$390K 0.52%
48,595
– –
WNEB icon
38
Western New England Bancorp
WNEB
$287M
$350K 0.47%
59,923
– –
AG icon
39
First Majestic Silver
AG
$8.05B
$283K 0.38%
+50,000
New +$320K
ECBK icon
40
ECB Bancorp
ECBK
$174M
$196K 0.26%
+15,000
New +$184K
UBCP icon
41
United Bancorp
UBCP
$94.3M
$180K 0.24%
15,000
– –
SCOR icon
42
Comscore
SCOR
$162K 0.22%
+10,000
New +$191K
PAK
43
DELISTED
Global X MSCI Pakistan ETF
PAK
$130K 0.17%
10,000
– –
CLST icon
44
Catalyst Bancorp
CLST
$67.3M
$116K 0.16%
10,555
– –
AWX icon
45
Avalon Holdings
AWX
$10.1M
$58.5K 0.08%
22,941
– –
ALTO icon
46
Alto Ingredients
ALTO
$360M
– –
-100,000
Closed -$150K
BATRK icon
47
Atlanta Braves Holdings Series B
BATRK
$3.23B
– –
-13,000
Closed -$438K
BRBS icon
48
Blue Ridge Bankshares
BRBS
$311M
– –
-10,000
Closed -$102K
DPST icon
49
Direxion Daily Regional Banks Bull 3X ETF
DPST
$451M
– –
-5,000
Closed -$386K
MS icon
50
Morgan Stanley
MS
$337B
– –
-10,000
Closed -$878K
1
2
3

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Raffles Associates's Q2 2023 Portfolio in Review

As of Q2 2023, Raffles Associates held 54 positions worth $74.4M, up 1.3% from $73.4M the previous quarter. Its ten largest holdings account for 61% of the portfolio.

Raffles Associates deployed $2.27M of net new capital in Q2 2023, opening 8 new positions and adding to 10 existing holdings. Its largest new stake was Bank of America: 150,000 shares worth $4.3M.

By sector, the portfolio is most concentrated in Financials at 61% of assets, down from 62% a quarter earlier, followed by Industrials and Healthcare.

On the sell side, the largest reduction was Eastern Bankshares, an estimated $1.78M trimmed.

  • Raffles Associates's largest Q2 2023 buy was Bank of America: 150,000 shares worth $4.3M.
  • Raffles Associates added most to OFG Bancorp in Q2 2023, an estimated $1.18M increase.
  • Raffles Associates's biggest Q2 2023 reduction was Eastern Bankshares, cutting an estimated $1.78M.
  • Raffles Associates fully exited United States Natural Gas Fund in Q2 2023, selling an estimated $3.12M.
  • Raffles Associates's ten largest holdings make up 61% of its $74.4M portfolio in Q2 2023.
  • Raffles Associates opened 8 new positions and closed 9 in Q2 2023.
  • Raffles Associates's portfolio value rose 1.3% quarter-over-quarter to $74.4M.

Based on Raffles Associates's 13F filing for Q2 2023, filed 14 Aug 2023.