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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
+14.29%
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
$79.1M
AUM Growth
+$3.62M
Cap. Flow
-$5.3M
Cap. Flow %
-6.7%
Top 10 Hldgs %
65.05%
Holding
55
New
9
Increased
11
Reduced
13
Closed
8

Top Buys

Rank Stock Value
1
UVXY icon
ProShares Ultra VIX Short-Term Futures ETF
UVXY
+$1.61M
2
RNGR icon
Ranger Energy Services
RNGR
+$1.21M
3
OXY icon
Occidental Petroleum
OXY
+$915K
4
EFC
Ellington Financial
EFC
+$866K
5
IE icon
Ivanhoe Electric
IE
+$793K

Top Sells

Rank Stock Value
1
TMF icon
Direxion Daily 20+ Year Treasury Bull 3X ETF
TMF
+$3.37M
2
BPOP icon
Popular Inc
BPOP
+$2.48M
3
SCO icon
ProShares UltraShort Bloomberg Crude Oil
SCO
+$2.44M
4
OFG icon
OFG Bancorp
OFG
+$988K
5
OR icon
OR Royalties Inc
OR
+$918K

Sector Composition

Rank Sector Weight
1 Financials 61.26%
2 Industrials 9.37%
3 Materials 7.18%
4 Healthcare 6.39%
5 Energy 5.29%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PARA
51
DELISTED
Paramount Global Class B
PARA
– –
-70,000
Closed -$903K
SCO icon
52
ProShares UltraShort Bloomberg Crude Oil
SCO
$654M
– –
-36,250
Closed -$2.44M
TMF icon
53
Direxion Daily 20+ Year Treasury Bull 3X ETF
TMF
$2.22B
– –
-70,000
Closed -$3.37M
WMPN
54
DELISTED
William Penn Bancorporation Common Stock
WMPN
– –
-68,000
Closed -$849K
PAK
55
DELISTED
Global X MSCI Pakistan ETF
PAK
– –
-14,170
Closed -$188K
1 2
3

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B
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Raffles Associates's Q4 2023 Portfolio in Review

As of Q4 2023, Raffles Associates held 55 positions worth $79.1M, up 4.8% from $75.5M the previous quarter. Its ten largest holdings account for 65% of the portfolio.

Raffles Associates withdrew a net $5.3M in Q4 2023, closing 8 positions and reducing 13 holdings. Its most notable exit was Direxion Daily 20+ Year Treasury Bull 3X ETF, an estimated $3.37M position sold in full.

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

Against the trend, Raffles Associates opened a new position in ProShares Ultra VIX Short-Term Futures ETF worth $1.05M.

  • Raffles Associates's largest Q4 2023 buy was ProShares Ultra VIX Short-Term Futures ETF: 5,000 shares worth $1.05M.
  • Raffles Associates added most to Eastern Bankshares in Q4 2023, an estimated $620K increase.
  • Raffles Associates's biggest Q4 2023 reduction was Popular Inc, cutting an estimated $2.48M.
  • Raffles Associates fully exited Direxion Daily 20+ Year Treasury Bull 3X ETF in Q4 2023, selling an estimated $3.37M.
  • Raffles Associates's ten largest holdings make up 65% of its $79.1M portfolio in Q4 2023.
  • Raffles Associates opened 9 new positions and closed 8 in Q4 2023.
  • Raffles Associates's portfolio value rose 4.8% quarter-over-quarter to $79.1M.

Based on Raffles Associates's 13F filing for Q4 2023, filed 14 Feb 2024.