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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
-0.92%
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
$74.4M
AUM Growth
+$962K
Cap. Flow
+$2.27M
Cap. Flow %
3.05%
Top 10 Hldgs %
61.19%
Holding
54
New
8
Increased
10
Reduced
8
Closed
9

Top Buys

Rank Stock Value
1
BAC icon
Bank of America
BAC
+$4.28M
2
VXX icon
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
+$2.5M
3
PARA
Paramount Global Class B
PARA
+$1.35M
4
OXY icon
Occidental Petroleum
OXY
+$1.2M
5
OFG icon
OFG Bancorp
OFG
+$1.18M

Top Sells

Rank Stock Value
1
UNG icon
United States Natural Gas Fund
UNG
+$3.12M
2
EBC icon
Eastern Bankshares
EBC
+$1.78M
3
UVXY icon
ProShares Ultra VIX Short-Term Futures ETF
UVXY
+$1.16M
4
MS icon
Morgan Stanley
MS
+$878K
5
WMPN
William Penn Bancorporation Common Stock
WMPN
+$812K

Sector Composition

Rank Sector Weight
1 Financials 61.28%
2 Industrials 9.61%
3 Healthcare 7.15%
4 Energy 5.37%
5 Materials 4.08%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NWFL icon
51
Norwood Financial Corp
NWFL
$366M
– –
-11,764
Closed -$346K
SILJ icon
52
Amplify Junior Silver Miners ETF
SILJ
$3.3B
– –
-20,000
Closed -$222K
UNG icon
53
United States Natural Gas Fund
UNG
$459M
– –
-112,500
Closed -$3.12M
UVXY icon
54
ProShares Ultra VIX Short-Term Futures ETF
UVXY
$238M
– –
-1,000
Closed -$1.16M
1 2
3

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UAML
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RLH
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ACM
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B
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Raffles Associates's Q2 2023 Portfolio in Review

As of Q2 2023, Raffles Associates held 54 positions worth $74.4M, up 1.3% from $73.4M the previous quarter. Its ten largest holdings account for 61% of the portfolio.

Raffles Associates deployed $2.27M of net new capital in Q2 2023, opening 8 new positions and adding to 10 existing holdings. Its largest new stake was Bank of America: 150,000 shares worth $4.3M.

By sector, the portfolio is most concentrated in Financials at 61% of assets, down from 62% a quarter earlier, followed by Industrials and Healthcare.

On the sell side, the largest reduction was Eastern Bankshares, an estimated $1.78M trimmed.

  • Raffles Associates's largest Q2 2023 buy was Bank of America: 150,000 shares worth $4.3M.
  • Raffles Associates added most to OFG Bancorp in Q2 2023, an estimated $1.18M increase.
  • Raffles Associates's biggest Q2 2023 reduction was Eastern Bankshares, cutting an estimated $1.78M.
  • Raffles Associates fully exited United States Natural Gas Fund in Q2 2023, selling an estimated $3.12M.
  • Raffles Associates's ten largest holdings make up 61% of its $74.4M portfolio in Q2 2023.
  • Raffles Associates opened 8 new positions and closed 9 in Q2 2023.
  • Raffles Associates's portfolio value rose 1.3% quarter-over-quarter to $74.4M.

Based on Raffles Associates's 13F filing for Q2 2023, filed 14 Aug 2023.