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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
+5.23%
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
$108M
AUM Growth
+$11.3M
Cap. Flow
+$6.36M
Cap. Flow %
5.91%
Top 10 Hldgs %
43.2%
Holding
53
New
5
Increased
8
Reduced
10
Closed
1

Top Buys

Rank Stock Value
1
FLY
Fly Leasing Limited
FLY
+$4.22M
2
HTS
HATTERAS FINANCIAL CORP
HTS
+$1.61M
3
VXX
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
+$1.57M
4
TRQ
Turquoise Hill Resources Ltd
TRQ
+$1.53M
5
AGNC icon
AGNC Investment
AGNC
+$788K

Top Sells

Rank Stock Value
1
JMI
JAVELIN MTG INVESTMENT CORP COM
JMI
+$2.49M
2
CYS
CYS Investments Inc.
CYS
+$808K
3
WPM icon
Wheaton Precious Metals
WPM
+$595K
4
AXU
Alexco Resource Corp
AXU
+$500K
5
NUGT icon
Direxion Daily Gold Miners Index Bull 2X ETF
NUGT
+$340K

Sector Composition

Rank Sector Weight
1 Financials 25.04%
2 Miscellaneous 18.05%
3 Industrials 14.65%
4 Energy 13.75%
5 Materials 13.47%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VII
51
DELISTED
Vicon Industries, Inc.
VII
$166K 0.15%
63,196
– –
MPVD
52
DELISTED
Mountain Province Diamonds Inc.
MPVD
$137K 0.13%
25,000
– –
JMI
53
DELISTED
JAVELIN MTG INVESTMENT CORP COM
JMI
– –
-177,000
Closed -$2.49M
1 2
3

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Raffles Associates's Q3 2013 Portfolio in Review

As of Q3 2013, Raffles Associates held 53 positions worth $108M, up 12% from $96.3M the previous quarter. Its ten largest holdings account for 43% of the portfolio.

Raffles Associates deployed $6.36M of net new capital in Q3 2013, opening 5 new positions and adding to 8 existing holdings. Its largest new stake was HATTERAS FINANCIAL CORP: 80,000 shares worth $1.5M.

By sector, the portfolio is most concentrated in Financials at 25% of assets, down from 26% a quarter earlier, followed by Miscellaneous and Industrials.

On the sell side, the largest reduction was CYS Investments Inc., an estimated $808K trimmed.

  • Raffles Associates's largest Q3 2013 buy was HATTERAS FINANCIAL CORP: 80,000 shares worth $1.5M.
  • Raffles Associates added most to Fly Leasing Limited in Q3 2013, an estimated $4.22M increase.
  • Raffles Associates's biggest Q3 2013 reduction was CYS Investments Inc., cutting an estimated $808K.
  • Raffles Associates fully exited JAVELIN MTG INVESTMENT CORP COM in Q3 2013, selling an estimated $2.49M.
  • Raffles Associates's ten largest holdings make up 43% of its $108M portfolio in Q3 2013.
  • Raffles Associates opened 5 new positions and closed 1 in Q3 2013.
  • Raffles Associates's portfolio value rose 12% quarter-over-quarter to $108M.

Based on Raffles Associates's 13F filing for Q3 2013, filed 15 Nov 2013.