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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
+8.33%
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
$121M
AUM Growth
-$24.7M
Cap. Flow
-$31.8M
Cap. Flow %
-26.41%
Top 10 Hldgs %
56.77%
Holding
73
New
8
Increased
6
Reduced
15
Closed
22

Top Buys

Rank Stock Value
1
VXX
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
+$4.5M
2
TZA icon
Direxion Daily Small Cap Bear 3x ETF
TZA
+$1.85M
3
SDS icon
ProShares UltraShort S&P500
SDS
+$1.6M
4
NRG icon
NRG Energy
NRG
+$1.15M
5
LONE
Lonestar Resources US Inc. Class A Common Stock
LONE
+$853K

Top Sells

Rank Stock Value
1
PNC icon
PNC Financial Services
PNC
+$5.91M
2
CIFC
CIFC LLC Common Shares
CIFC
+$5.13M
3
STND
STANDARD FINANCIAL CORP COM STK
STND
+$5M
4
TBT icon
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
+$1.58M
5
AGN
Allergan plc
AGN
+$1.45M

Sector Composition

Rank Sector Weight
1 Financials 47.26%
2 Materials 14.86%
3 Industrials 11.33%
4 Energy 7.01%
5 Real Estate 1.89%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GROW icon
51
US Global Investors
GROW
$36.3M
$34K 0.03%
+25,001
New +$38.3K
BAC icon
52
Bank of America
BAC
$435B
– –
-60,000
Closed -$939K
FMNB icon
53
Farmers National Banc Corp
FMNB
$899M
– –
-17,727
Closed -$191K
GLL icon
54
ProShares UltraShort Gold
GLL
$128M
– –
-2,500
Closed -$702K
TBT icon
55
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$293M
– –
-50,000
Closed -$1.58M
SC
56
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
– –
-65,000
Closed -$790K
JONE
57
DELISTED
Jones Energy, Inc.
JONE
– –
-2,719
Closed -$178K
GST.PRA
58
DELISTED
Gastar Exploration, Inc. 8.625% Series A Cumulative Preferred Stock
GST.PRA
– –
-17,080
Closed -$198K
JO
59
DELISTED
iPath Bloomberg Coffee Subindex Total Return ETN due June 24, 2038
JO
– –
-50,000
Closed -$1.11M
ESTE
60
DELISTED
Earthstone Energy Inc. Class A Common Stock
ESTE
– –
-69,069
Closed -$594K
PBCP
61
DELISTED
POLONIA BANCORP INC MD
PBCP
– –
-70,000
Closed -$760K
TVIX
62
DELISTED
VelocityShares Daily 2x VIX Short Term ETN
TVIX
– –
-30
Closed -$544K
AMFC
63
DELISTED
AMB Financial Corp
AMFC
– –
-23,275
Closed -$308K
CIFC
64
DELISTED
CIFC LLC Common Shares
CIFC
– –
-459,246
Closed -$5.13M
STND
65
DELISTED
STANDARD FINANCIAL CORP COM STK
STND
– –
-219,508
Closed -$5M
1 2
3

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UAML
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Raffles Associates's Q4 2016 Portfolio in Review

As of Q4 2016, Raffles Associates held 73 positions worth $121M, down 17% from $145M the previous quarter. Its ten largest holdings account for 57% of the portfolio.

Raffles Associates withdrew a net $31.8M in Q4 2016, closing 22 positions and reducing 15 holdings. Its most notable exit was CIFC LLC Common Shares, an estimated $5.13M position sold in full.

By sector, the portfolio is most concentrated in Financials at 47% of assets, up from 38% a quarter earlier, followed by Materials and Industrials.

Against the trend, Raffles Associates opened a new position in iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019 worth $3.83M.

  • Raffles Associates's largest Q4 2016 buy was iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019: 37,500 shares worth $3.83M.
  • Raffles Associates added most to NRG Energy in Q4 2016, an estimated $1.15M increase.
  • Raffles Associates's biggest Q4 2016 reduction was PNC Financial Services, cutting an estimated $5.91M.
  • Raffles Associates fully exited CIFC LLC Common Shares in Q4 2016, selling an estimated $5.13M.
  • Raffles Associates's ten largest holdings make up 57% of its $121M portfolio in Q4 2016.
  • Raffles Associates opened 8 new positions and closed 22 in Q4 2016.
  • Raffles Associates's portfolio value fell 17% quarter-over-quarter to $121M.

Based on Raffles Associates's 13F filing for Q4 2016, filed 15 Feb 2017.