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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
-0.4%
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
$75.5M
AUM Growth
+$1.07M
Cap. Flow
+$2.42M
Cap. Flow %
3.21%
Top 10 Hldgs %
64.17%
Holding
52
New
7
Increased
11
Reduced
12
Closed
6

Top Buys

Rank Stock Value
1
TMF icon
Direxion Daily 20+ Year Treasury Bull 3X ETF
TMF
+$4.44M
2
SCO icon
ProShares UltraShort Bloomberg Crude Oil
SCO
+$2.85M
3
OFG icon
OFG Bancorp
OFG
+$2.66M
4
OR icon
OR Royalties Inc
OR
+$956K
5
PKST
Peakstone Realty Trust
PKST
+$722K

Top Sells

Rank Stock Value
1
BAC icon
Bank of America
BAC
+$4.3M
2
VXX icon
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
+$1.77M
3
WMPN
William Penn Bancorporation Common Stock
WMPN
+$1.4M
4
OXY icon
Occidental Petroleum
OXY
+$1.18M
5
MSOS icon
AdvisorShares Pure US Cannabis ETF
MSOS
+$831K

Sector Composition

Rank Sector Weight
1 Financials 58.85%
2 Industrials 10.5%
3 Materials 5.31%
4 Healthcare 5.28%
5 Energy 3.49%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PBPB
26
DELISTED
Potbelly
PBPB
$725K 0.96%
92,960
– –
REPX icon
27
Riley Exploration Permian
REPX
$716M
$655K 0.87%
20,606
– –
FNWD icon
28
Finward Bancorp
FNWD
$192M
$607K 0.8%
27,422
-450
-2% -$10.2K
PKST
29
DELISTED
Peakstone Realty Trust
PKST
$566K 0.75%
+33,987
New +$722K
VZLA
30
Vizsla Silver
VZLA
$1.12B
$539K 0.71%
520,319
+70,319
+16% +$76.9K
JOF
31
Japan Smaller Capitalization Fund
JOF
$320M
$538K 0.71%
+75,683
New +$552K
GPOR icon
32
Gulfport Energy Corp
GPOR
$2.76B
$475K 0.63%
4,000
-1,500
-27% -$166K
LSXMA
33
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
$455K 0.6%
17,878
-6,454
-27% -$153K
ECBK icon
34
ECB Bancorp
ECBK
$181M
$390K 0.52%
35,486
+20,486
+137% +$252K
WNEB icon
35
Western New England Bancorp
WNEB
$295M
$389K 0.52%
59,923
– –
FSEA icon
36
First Seacoast Bancorp
FSEA
$79.8M
$345K 0.46%
46,796
-1,799
-4% -$13.7K
BHB icon
37
Bar Harbor Bankshares
BHB
$669M
$335K 0.44%
14,182
-3,000
-17% -$75.5K
SCOR icon
38
Comscore
SCOR
$116M
$285K 0.38%
23,228
+13,228
+132% +$187K
LXU icon
39
LSB Industries
LXU
$822M
$256K 0.34%
+25,000
New +$259K
KGC icon
40
Kinross Gold
KGC
$28.1B
$228K 0.3%
+50,000
New +$245K
PAK
41
DELISTED
Global X MSCI Pakistan ETF
PAK
$188K 0.25%
14,170
+4,170
+42% +$55.6K
KBUY
42
DELISTED
KraneShares CICC China Consumer Leaders Index ETF
KBUY
$174K 0.23%
+10,500
New +$180K
UBCP icon
43
United Bancorp
UBCP
$92.1M
$173K 0.23%
15,000
– –
ACDC icon
44
ProFrac Holding
ACDC
$671M
$163K 0.22%
15,000
-25,000
-63% -$289K
CLST icon
45
Catalyst Bancorp
CLST
$68.5M
$127K 0.17%
10,555
– –
AWX icon
46
Avalon Holdings
AWX
$10.1M
$44.5K 0.06%
22,941
– –
AG icon
47
First Majestic Silver
AG
$7.75B
– –
-50,000
Closed -$283K
BAC icon
48
Bank of America
BAC
$439B
– –
-150,000
Closed -$4.3M
KWEB icon
49
KraneShares CSI China Internet ETF
KWEB
$5.41B
– –
-20,000
Closed -$539K
MSOS icon
50
AdvisorShares Pure US Cannabis ETF
MSOS
$830M
– –
-150,000
Closed -$831K
1
2
3

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Raffles Associates's Q3 2023 Portfolio in Review

As of Q3 2023, Raffles Associates held 52 positions worth $75.5M, up 1.4% from $74.4M the previous quarter. Its ten largest holdings account for 64% of the portfolio.

Raffles Associates deployed $2.42M of net new capital in Q3 2023, opening 7 new positions and adding to 11 existing holdings. Its largest new stake was Direxion Daily 20+ Year Treasury Bull 3X ETF: 70,000 shares worth $3.37M.

By sector, the portfolio is most concentrated in Financials at 59% of assets, down from 61% a quarter earlier, followed by Industrials and Materials.

On the sell side, the largest reduction was William Penn Bancorporation Common Stock, an estimated $1.4M trimmed.

  • Raffles Associates's largest Q3 2023 buy was Direxion Daily 20+ Year Treasury Bull 3X ETF: 70,000 shares worth $3.37M.
  • Raffles Associates added most to OFG Bancorp in Q3 2023, an estimated $2.66M increase.
  • Raffles Associates's biggest Q3 2023 reduction was William Penn Bancorporation Common Stock, cutting an estimated $1.4M.
  • Raffles Associates fully exited Bank of America in Q3 2023, selling an estimated $4.3M.
  • Raffles Associates's ten largest holdings make up 64% of its $75.5M portfolio in Q3 2023.
  • Raffles Associates opened 7 new positions and closed 6 in Q3 2023.
  • Raffles Associates's portfolio value rose 1.4% quarter-over-quarter to $75.5M.

Based on Raffles Associates's 13F filing for Q3 2023, filed 15 Nov 2023.