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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
+1.67%
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
$133M
AUM Growth
+$25.9M
(+24%)
Cap. Flow
+$25.7M
Cap. Flow
% of AUM
19.3%
Top 10 Holdings %
Top 10 Hldgs %
56.58%
Holding
62
New
13
Increased
7
Reduced
16
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ProShares UltraShort Gold
GLL
|
+$6.4M |
| 2 |
CBK
Commercial Bancgroup
CBK
|
+$6.14M |
| 3 |
GLIBK
Liberty Capital Corp Series C GCI Group Common Stock
GLIBK
|
+$4.85M |
| 4 |
ABTC
American Bitcoin Corp
ABTC
|
+$2.92M |
| 5 |
ProShares Ultra VIX Short-Term Futures ETF
UVXY
|
+$2.05M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ProShares UltraPro Short QQQ
SQQQ
|
+$1.52M |
| 2 |
Ivanhoe Electric
IE
|
+$1.07M |
| 3 |
Freeport-McMoran
FCX
|
+$981K |
| 4 |
ProShares UltraShort S&P500
SDS
|
+$723K |
| 5 |
PepsiCo
PEP
|
+$702K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 43.16% |
| 2 | Materials | 15.5% |
| 3 | Healthcare | 9.05% |
| 4 | Industrials | 6.76% |
| 5 | Communication Services | 4.83% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
ECB Bancorp
ECBK
$178M
| $248K | 0.19% |
14,253
-1,889
| -12% | -$31.4K |
|
52
Catalyst Bancorp
CLST
$67.9M
| $166K | 0.12% |
10,555
| – | – |
|
53
Avalon Holdings
AWX
$9.87M
| $67.8K | 0.05% |
25,214
| – | – |
|
54
Greenfire Resources
GFR
$794M
| $49.7K | 0.04% |
+10,444
| New | +$49.6K |
|
|
55
Freeport-McMoran
FCX
$91.2B
| – | – |
-25,000
| Closed | -$981K |
|
56
Hain Celestial
HAIN
$44.4M
| – | – |
-95,160
| Closed | -$150K |
|
|
57
PepsiCo
PEP
$191B
| – | – |
-5,000
| Closed | -$702K |
|
|
58
ProShares UltraShort S&P500
SDS
$420M
| – | – |
-10,000
| Closed | -$723K |
|
|
59
ProShares UltraPro Short QQQ
SQQQ
$2.08B
| – | – |
-20,000
| Closed | -$1.52M |
|
60
Sable Offshore Corp
SOC
$859M
| – | – |
-15,000
| Closed | -$262K |
|
|
RPT
61
Rithm Property Trust
RPT
$97.2M
| – | – |
-29,420
| Closed | -$445K |
|
|
MLCI
62
Mount Logan Capital Inc
MLCI
$34.7M
| – | – |
-11,440
| Closed | -$89.2K |
|
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Raffles Associates's Q4 2025 Portfolio in Review
As of Q4 2025, Raffles Associates held 62 positions worth $133M, up 24% from $107M the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Raffles Associates deployed $25.7M of net new capital in Q4 2025, opening 13 new positions and adding to 7 existing holdings. Its largest new stake was ProShares UltraShort Gold: 225,000 shares worth $5.88M.
By sector, the portfolio is most concentrated in Financials at 43% of assets, down from 45% a quarter earlier, followed by Materials and Healthcare.
On the sell side, the largest reduction was Ivanhoe Electric, an estimated $1.07M trimmed.
- Raffles Associates's largest Q4 2025 buy was ProShares UltraShort Gold: 225,000 shares worth $5.88M.
- Raffles Associates added most to ProShares Ultra VIX Short-Term Futures ETF in Q4 2025, an estimated $2.05M increase.
- Raffles Associates's biggest Q4 2025 reduction was Ivanhoe Electric, cutting an estimated $1.07M.
- Raffles Associates fully exited ProShares UltraPro Short QQQ in Q4 2025, selling an estimated $1.52M.
- Raffles Associates's ten largest holdings make up 57% of its $133M portfolio in Q4 2025.
- Raffles Associates opened 13 new positions and closed 8 in Q4 2025.
- Raffles Associates's portfolio value rose 24% quarter-over-quarter to $133M.
Based on Raffles Associates's 13F filing for Q4 2025, filed 17 Feb 2026.