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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
-0.4%
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
$75.5M
AUM Growth
+$1.07M
Cap. Flow
+$2.42M
Cap. Flow %
3.21%
Top 10 Hldgs %
64.17%
Holding
52
New
7
Increased
11
Reduced
12
Closed
6

Top Buys

Rank Stock Value
1
TMF icon
Direxion Daily 20+ Year Treasury Bull 3X ETF
TMF
+$4.44M
2
SCO icon
ProShares UltraShort Bloomberg Crude Oil
SCO
+$2.85M
3
OFG icon
OFG Bancorp
OFG
+$2.66M
4
OR icon
OR Royalties Inc
OR
+$956K
5
PKST
Peakstone Realty Trust
PKST
+$722K

Top Sells

Rank Stock Value
1
BAC icon
Bank of America
BAC
+$4.3M
2
VXX icon
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
+$1.77M
3
WMPN
William Penn Bancorporation Common Stock
WMPN
+$1.4M
4
OXY icon
Occidental Petroleum
OXY
+$1.18M
5
MSOS icon
AdvisorShares Pure US Cannabis ETF
MSOS
+$831K

Sector Composition

Rank Sector Weight
1 Financials 58.85%
2 Industrials 10.5%
3 Materials 5.31%
4 Healthcare 5.28%
5 Energy 3.49%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
OXY icon
51
Occidental Petroleum
OXY
$55.7B
– –
-20,000
Closed -$1.18M
VXX icon
52
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$169M
– –
-17,750
Closed -$1.77M
1 2
3

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UAML
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RLH
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Raffles Associates's Q3 2023 Portfolio in Review

As of Q3 2023, Raffles Associates held 52 positions worth $75.5M, up 1.4% from $74.4M the previous quarter. Its ten largest holdings account for 64% of the portfolio.

Raffles Associates deployed $2.42M of net new capital in Q3 2023, opening 7 new positions and adding to 11 existing holdings. Its largest new stake was Direxion Daily 20+ Year Treasury Bull 3X ETF: 70,000 shares worth $3.37M.

By sector, the portfolio is most concentrated in Financials at 59% of assets, down from 61% a quarter earlier, followed by Industrials and Materials.

On the sell side, the largest reduction was William Penn Bancorporation Common Stock, an estimated $1.4M trimmed.

  • Raffles Associates's largest Q3 2023 buy was Direxion Daily 20+ Year Treasury Bull 3X ETF: 70,000 shares worth $3.37M.
  • Raffles Associates added most to OFG Bancorp in Q3 2023, an estimated $2.66M increase.
  • Raffles Associates's biggest Q3 2023 reduction was William Penn Bancorporation Common Stock, cutting an estimated $1.4M.
  • Raffles Associates fully exited Bank of America in Q3 2023, selling an estimated $4.3M.
  • Raffles Associates's ten largest holdings make up 64% of its $75.5M portfolio in Q3 2023.
  • Raffles Associates opened 7 new positions and closed 6 in Q3 2023.
  • Raffles Associates's portfolio value rose 1.4% quarter-over-quarter to $75.5M.

Based on Raffles Associates's 13F filing for Q3 2023, filed 15 Nov 2023.