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RA
Raffles Associates Portfolio holdings
AUM
$117M
1-Year Est. Return
22.1%
This Fund
S&P 500
This Quarter
Est. Return
-7.45%
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
$73.4M
AUM Growth
-$12M
(-14%)
Cap. Flow
-$4.2M
Cap. Flow
% of AUM
-5.72%
Top 10 Holdings %
Top 10 Hldgs %
63.48%
Holding
53
New
6
Increased
10
Reduced
12
Closed
7
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
United States Natural Gas Fund
UNG
|
+$4.08M |
| 2 |
ProShares Ultra VIX Short-Term Futures ETF
UVXY
|
+$1.34M |
| 3 |
Direxion Daily Regional Banks Bull 3X ETF
DPST
|
+$1.02M |
| 4 |
Morgan Stanley
MS
|
+$933K |
| 5 |
AdvisorShares Pure US Cannabis ETF
MSOS
|
+$662K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Popular Inc
BPOP
|
+$2.19M |
| 2 |
B
Barrick Mining
B
|
+$2.15M |
| 3 |
PARA
Paramount Global Class B
PARA
|
+$1.69M |
| 4 |
OR Royalties Inc
OR
|
+$1.08M |
| 5 |
First Bancorp
FBP
|
+$1.05M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 61.87% |
| 2 | Miscellaneous | 8.46% |
| 3 | Industrials | 8.27% |
| 4 | Healthcare | 7.31% |
| 5 | Energy | 4.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
B
51
Barrick Mining
B
$69.8B
| – | – |
-125,000
| Closed | -$2.15M |
|
52
Ivanhoe Electric
IE
$1.54B
| – | – |
-15,000
| Closed | -$182K |
|
|
PARA
53
DELISTED
Paramount Global Class B
PARA
| – | – |
-100,000
| Closed | -$1.69M |
|
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Raffles Associates's Q1 2023 Portfolio in Review
As of Q1 2023, Raffles Associates held 53 positions worth $73.4M, down 14% from $85.4M the previous quarter. Its ten largest holdings account for 63% of the portfolio.
Raffles Associates withdrew a net $4.2M in Q1 2023, closing 7 positions and reducing 12 holdings. Its most notable exit was Barrick Mining, an estimated $2.15M position sold in full.
By sector, the portfolio is most concentrated in Financials at 62% of assets, down from 66% a quarter earlier, followed by Miscellaneous and Industrials.
Against the trend, Raffles Associates opened a new position in United States Natural Gas Fund worth $3.12M.
- Raffles Associates's largest Q1 2023 buy was United States Natural Gas Fund: 112,500 shares worth $3.12M.
- Raffles Associates added most to Provident Financial in Q1 2023, an estimated $141K increase.
- Raffles Associates's biggest Q1 2023 reduction was Popular Inc, cutting an estimated $2.19M.
- Raffles Associates fully exited Barrick Mining in Q1 2023, selling an estimated $2.15M.
- Raffles Associates's ten largest holdings make up 63% of its $73.4M portfolio in Q1 2023.
- Raffles Associates opened 6 new positions and closed 7 in Q1 2023.
- Raffles Associates's portfolio value fell 14% quarter-over-quarter to $73.4M.
Based on Raffles Associates's 13F filing for Q1 2023, filed 15 May 2023.