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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
+17.68%
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
$107M
AUM Growth
+$11.4M
Cap. Flow
-$178K
Cap. Flow %
-0.17%
Top 10 Hldgs %
61.02%
Holding
55
New
7
Increased
8
Reduced
13
Closed
6

Top Buys

Rank Stock Value
1
UVXY icon
ProShares Ultra VIX Short-Term Futures ETF
UVXY
+$4.1M
2
COSO
CoastalSouth Bancshares
COSO
+$2.69M
3
SQQQ icon
ProShares UltraPro Short QQQ
SQQQ
+$1.77M
4
FCX icon
Freeport-McMoran
FCX
+$1.08M
5
PEP icon
PepsiCo
PEP
+$714K

Top Sells

Rank Stock Value
1
IE icon
Ivanhoe Electric
IE
+$3.05M
2
GLL icon
ProShares UltraShort Gold
GLL
+$2.56M
3
UUP icon
Invesco DB US Dollar Index Bullish Fund
UUP
+$2.05M
4
SDS icon
ProShares UltraShort S&P500
SDS
+$1.18M
5
TURN
180 Degree Capital
TURN
+$903K

Sector Composition

Rank Sector Weight
1 Financials 44.98%
2 Materials 17.04%
3 Healthcare 11.12%
4 Industrials 8.65%
5 Real Estate 3.29%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MBBC
26
Marathon Bancorp
MBBC
$44.1M
$1.12M 1.05%
107,664
– –
NSTS icon
27
NSTS Bancorp
NSTS
$66.7M
$1.08M 1.01%
93,774
– –
NSSC icon
28
Napco Security Technologies
NSSC
$1.3B
$1.05M 0.98%
24,424
– –
TIPT icon
29
Tiptree Inc
TIPT
$678M
$993K 0.92%
51,801
+21,000
+68% +$468K
FCX icon
30
Freeport-McMoran
FCX
$90.2B
$981K 0.91%
+25,000
New +$1.08M
FNWD icon
31
Finward Bancorp
FNWD
$192M
$853K 0.79%
26,580
– –
VABK icon
32
Virginia National Bankshares
VABK
$249M
$731K 0.68%
18,836
-200
-1% -$7.76K
SDS icon
33
ProShares UltraShort S&P500
SDS
$424M
$723K 0.67%
10,000
-15,000
-60% -$1.18M
PEP icon
34
PepsiCo
PEP
$191B
$702K 0.65%
+5,000
New +$714K
KELYA icon
35
Kelly Services Class A
KELYA
$545M
$679K 0.63%
51,790
– –
NBBK icon
36
NB Bancorp
NBBK
$983M
$550K 0.51%
31,136
– –
SIRI icon
37
SiriusXM
SIRI
$10.5B
$447K 0.42%
19,194
– –
RPT
38
Rithm Property Trust
RPT
$92.3M
$445K 0.41%
29,420
-5,061
-15% -$80.3K
PERI icon
39
Perion Network
PERI
$371M
$384K 0.36%
+40,000
New +$400K
NWFL icon
40
Norwood Financial Corp
NWFL
$367M
$327K 0.3%
12,863
-1,000
-7% -$25.5K
SOC icon
41
Sable Offshore Corp
SOC
$843M
$262K 0.24%
+15,000
New +$384K
HHS icon
42
Harte-Hanks
HHS
$17.9M
$257K 0.24%
69,364
+50,327
+264% +$182K
ECBK icon
43
ECB Bancorp
ECBK
$179M
$256K 0.24%
16,142
-11,957
-43% -$194K
UBCP icon
44
United Bancorp
UBCP
$93.4M
$247K 0.23%
17,699
– –
HAIN icon
45
Hain Celestial
HAIN
$46M
$150K 0.14%
95,160
-104,840
-52% -$179K
CLST icon
46
Catalyst Bancorp
CLST
$70.3M
$139K 0.13%
10,555
– –
ALTO icon
47
Alto Ingredients
ALTO
$349M
$108K 0.1%
100,000
– –
MLCI
48
Mount Logan Capital Inc
MLCI
$36.6M
$89.2K 0.08%
+11,440
New +$90.4K
AWX icon
49
Avalon Holdings
AWX
$9.98M
$65.8K 0.06%
25,214
+2,273
+10% +$5.74K
BRBS icon
50
Blue Ridge Bankshares
BRBS
$314M
– –
-55,934
Closed -$201K
1
2
3

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Raffles Associates's Q3 2025 Portfolio in Review

As of Q3 2025, Raffles Associates held 55 positions worth $107M, up 12% from $96M the previous quarter. Its ten largest holdings account for 61% of the portfolio.

Raffles Associates's Q3 2025 filing shows 7 new, 8 increased, 13 reduced and 6 closed positions. Its largest new stake was CoastalSouth Bancshares: 124,281 shares worth $2.71M. The largest sale was Ivanhoe Electric, an estimated $3.05M.

By sector, the portfolio is most concentrated in Financials at 45% of assets, down from 47% a quarter earlier, followed by Materials and Healthcare.

  • Raffles Associates's largest Q3 2025 buy was CoastalSouth Bancshares: 124,281 shares worth $2.71M.
  • Raffles Associates added most to ProShares Ultra VIX Short-Term Futures ETF in Q3 2025, an estimated $4.1M increase.
  • Raffles Associates's biggest Q3 2025 reduction was Ivanhoe Electric, cutting an estimated $3.05M.
  • Raffles Associates fully exited ProShares UltraShort Gold in Q3 2025, selling an estimated $2.56M.
  • Raffles Associates's ten largest holdings make up 61% of its $107M portfolio in Q3 2025.
  • Raffles Associates opened 7 new positions and closed 6 in Q3 2025.
  • Raffles Associates's portfolio value rose 12% quarter-over-quarter to $107M.

Based on Raffles Associates's 13F filing for Q3 2025, filed 14 Nov 2025.