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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
+8.99%
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
$145M
AUM Growth
+$46.9M
Cap. Flow
+$38.2M
Cap. Flow %
26.3%
Top 10 Hldgs %
47.75%
Holding
73
New
25
Increased
6
Reduced
8
Closed
8

Top Buys

Rank Stock Value
1
PNC icon
PNC Financial Services
PNC
+$9.21M
2
WFC icon
Wells Fargo
WFC
+$7.46M
3
AIG icon
American International
AIG
+$5.14M
4
STND
STANDARD FINANCIAL CORP COM STK
STND
+$5M
5
TBT icon
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
+$1.57M

Top Sells

Rank Stock Value
1
CPHR
Cipher Pharmaceuticals Inc.
CPHR
+$2.34M
2
PNC.WS
PNC Financial Services Group Inc
PNC.WS
+$1.87M
3
AIG.WS
American International Group, Inc.
AIG.WS
+$1.68M
4
WFC.WS
Wells Fargo & Company Ws
WFC.WS
+$1.58M
5
OSHC
Ocean Shore Holding Co.
OSHC
+$1.22M

Sector Composition

Rank Sector Weight
1 Financials 38.49%
2 Materials 14.19%
3 Industrials 8.97%
4 Energy 5.52%
5 Healthcare 2.38%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NTB icon
51
Bank of N.T. Butterfield & Son
NTB
$2.42B
$248K 0.17%
+10,000
New +$243K
SELF
52
Global Self Storage
SELF
$57.7M
$236K 0.16%
+44,800
New +$249K
GST.PRA
53
DELISTED
Gastar Exploration, Inc. 8.625% Series A Cumulative Preferred Stock
GST.PRA
$198K 0.14%
+17,080
New +$202K
FMNB icon
54
Farmers National Banc Corp
FMNB
$899M
$191K 0.13%
17,727
-25,000
-59% -$244K
JONE
55
DELISTED
Jones Energy, Inc.
JONE
$178K 0.12%
+2,719
New +$168K
UBCP icon
56
United Bancorp
UBCP
$94.3M
$163K 0.11%
15,000
– –
TERP
57
DELISTED
TerraForm Power, Inc
TERP
$139K 0.1%
10,000
– –
GROW icon
58
US Global Investors
GROW
$36.3M
– –
-25,001
Closed -$43K
LBRDA icon
59
Liberty Broadband Class A
LBRDA
$4.14B
– –
-4,469
Closed -$265K
AIG.WS
60
DELISTED
American International Group, Inc.
AIG.WS
– –
-90,000
Closed -$1.68M
WFC.WS
61
DELISTED
Wells Fargo & Company Ws
WFC.WS
– –
-115,900
Closed -$1.58M
CPHR
62
DELISTED
Cipher Pharmaceuticals Inc.
CPHR
– –
-447,800
Closed -$2.34M
OSHC
63
DELISTED
Ocean Shore Holding Co.
OSHC
– –
-71,900
Closed -$1.22M
PNC.WS
64
DELISTED
PNC Financial Services Group Inc
PNC.WS
– –
-107,300
Closed -$1.87M
1 2
3

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UAML
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Raffles Associates's Q3 2016 Portfolio in Review

As of Q3 2016, Raffles Associates held 73 positions worth $145M, up 48% from $98.4M the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Raffles Associates deployed $38.2M of net new capital in Q3 2016, opening 25 new positions and adding to 6 existing holdings. Its largest new stake was PNC Financial Services: 107,300 shares worth $9.67M.

By sector, the portfolio is most concentrated in Financials at 38% of assets, up from 30% a quarter earlier, followed by Materials and Industrials.

On the sell side, the largest reduction was CIFC LLC Common Shares, an estimated $1.13M trimmed.

  • Raffles Associates's largest Q3 2016 buy was PNC Financial Services: 107,300 shares worth $9.67M.
  • Raffles Associates added most to Evolution Petroleum in Q3 2016, an estimated $572K increase.
  • Raffles Associates's biggest Q3 2016 reduction was CIFC LLC Common Shares, cutting an estimated $1.13M.
  • Raffles Associates fully exited Cipher Pharmaceuticals Inc. in Q3 2016, selling an estimated $2.34M.
  • Raffles Associates's ten largest holdings make up 48% of its $145M portfolio in Q3 2016.
  • Raffles Associates opened 25 new positions and closed 8 in Q3 2016.
  • Raffles Associates's portfolio value rose 48% quarter-over-quarter to $145M.

Based on Raffles Associates's 13F filing for Q3 2016, filed 15 Nov 2016.