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Raffles Associates Portfolio holdings

AUM $117M
1-Year Est. Return 22.1%
This Fund
S&P 500
This Quarter Est. Return
+5.23%
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
$108M
AUM Growth
+$11.3M
Cap. Flow
+$6.36M
Cap. Flow %
5.91%
Top 10 Hldgs %
43.2%
Holding
53
New
5
Increased
8
Reduced
10
Closed
1

Top Buys

Rank Stock Value
1
FLY
Fly Leasing Limited
FLY
+$4.22M
2
HTS
HATTERAS FINANCIAL CORP
HTS
+$1.61M
3
VXX
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
+$1.57M
4
TRQ
Turquoise Hill Resources Ltd
TRQ
+$1.53M
5
AGNC icon
AGNC Investment
AGNC
+$788K

Top Sells

Rank Stock Value
1
JMI
JAVELIN MTG INVESTMENT CORP COM
JMI
+$2.49M
2
CYS
CYS Investments Inc.
CYS
+$808K
3
WPM icon
Wheaton Precious Metals
WPM
+$595K
4
AXU
Alexco Resource Corp
AXU
+$500K
5
NUGT icon
Direxion Daily Gold Miners Index Bull 2X ETF
NUGT
+$340K

Sector Composition

Rank Sector Weight
1 Financials 25.04%
2 Miscellaneous 18.05%
3 Industrials 14.65%
4 Energy 13.75%
5 Materials 13.47%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PROV icon
1
Provident Financial
PROV
$116M
$8.03M 7.46%
483,500
– –
EGO icon
2
Eldorado Gold
EGO
$10.7B
$6.16M 5.72%
182,677
+10,000
+6% +$380K
FLY
3
DELISTED
Fly Leasing Limited
FLY
$4.84M 4.49%
348,506
+300,000
+618% +$4.22M
SMBC icon
4
Southern Missouri Bancorp
SMBC
$807M
$4.7M 4.37%
353,720
-12,238
-3% -$165K
RLH
5
DELISTED
Red Lions Hotel Corporation
RLH
$4.61M 4.28%
874,487
– –
STND
6
DELISTED
STANDARD FINANCIAL CORP COM STK
STND
$4.37M 4.06%
239,508
– –
EOX
7
DELISTED
EMERALD OIL INC (MT)
EOX
$4.06M 3.78%
28,264
– –
GST
8
DELISTED
Gastar Exploration Inc.
GST
$3.39M 3.15%
857,604
-75,000
-8% -$259K
AER icon
9
AerCap
AER
$22.2B
$3.26M 3.03%
167,723
– –
MLVF
10
DELISTED
Malvern Bancorp, Inc.
MLVF
$3.07M 2.85%
240,900
– –
REIS
11
DELISTED
Reis, Inc.
REIS
$2.99M 2.78%
185,209
– –
CHFN
12
DELISTED
Charter Financial Corp
CHFN
$2.95M 2.74%
272,800
– –
OBAF
13
DELISTED
OBA FINL SVCS INC COM STK (MD)
OBAF
$2.8M 2.6%
147,407
– –
MAG
14
DELISTED
MAG Silver
MAG
$2.73M 2.54%
463,100
+40,000
+9% +$254K
FWONA icon
15
Liberty Media Series A
FWONA
$21.8B
$2.63M 2.44%
100,635
– –
NVSL
16
DELISTED
NAUGATUCK VALLEY FINANCIAL CORP
NVSL
$2.53M 2.35%
330,321
– –
CNX icon
17
CNX Resources
CNX
$5.24B
$2.52M 2.34%
90,000
– –
CIFC
18
DELISTED
CIFC LLC Common Shares
CIFC
$2.28M 2.12%
288,716
+3,209
+1% +$24.2K
VPG icon
19
Vishay Precision Group
VPG
$871M
$2.18M 2.03%
150,000
– –
AIG.WS
20
DELISTED
American International Group, Inc.
AIG.WS
$2.18M 2.02%
115,000
– –
WBKC
21
DELISTED
Wolverine Bancorp, Inc.
WBKC
$1.99M 1.85%
100,700
– –
WPM icon
22
Wheaton Precious Metals
WPM
$68B
$1.86M 1.73%
75,000
-25,000
-25% -$595K
WFC.WS
23
DELISTED
Wells Fargo & Company Ws
WFC.WS
$1.67M 1.55%
118,800
– –
AYR
24
DELISTED
Aircastle Ltd
AYR
$1.61M 1.49%
92,300
– –
AAV
25
DELISTED
Advantage Oil & Gas Ltd
AAV
$1.54M 1.43%
400,000
– –
1
2 3

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Raffles Associates's Q3 2013 Portfolio in Review

As of Q3 2013, Raffles Associates held 53 positions worth $108M, up 12% from $96.3M the previous quarter. Its ten largest holdings account for 43% of the portfolio.

Raffles Associates deployed $6.36M of net new capital in Q3 2013, opening 5 new positions and adding to 8 existing holdings. Its largest new stake was HATTERAS FINANCIAL CORP: 80,000 shares worth $1.5M.

By sector, the portfolio is most concentrated in Financials at 25% of assets, down from 26% a quarter earlier, followed by Miscellaneous and Industrials.

On the sell side, the largest reduction was CYS Investments Inc., an estimated $808K trimmed.

  • Raffles Associates's largest Q3 2013 buy was HATTERAS FINANCIAL CORP: 80,000 shares worth $1.5M.
  • Raffles Associates added most to Fly Leasing Limited in Q3 2013, an estimated $4.22M increase.
  • Raffles Associates's biggest Q3 2013 reduction was CYS Investments Inc., cutting an estimated $808K.
  • Raffles Associates fully exited JAVELIN MTG INVESTMENT CORP COM in Q3 2013, selling an estimated $2.49M.
  • Raffles Associates's ten largest holdings make up 43% of its $108M portfolio in Q3 2013.
  • Raffles Associates opened 5 new positions and closed 1 in Q3 2013.
  • Raffles Associates's portfolio value rose 12% quarter-over-quarter to $108M.

Based on Raffles Associates's 13F filing for Q3 2013, filed 15 Nov 2013.