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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
-1.64%
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
$95.2M
AUM Growth
-$10.1M
Cap. Flow
-$6.93M
Cap. Flow %
-7.28%
Top 10 Hldgs %
48.01%
Holding
63
New
6
Increased
2
Reduced
12
Closed
7

Top Buys

Rank Stock Value
1
CHK
Chesapeake Energy Corporation
CHK
+$3.71M
2
AGI icon
Alamos Gold
AGI
+$3.48M
3
BPOP icon
Popular Inc
BPOP
+$993K
4
GG
Goldcorp Inc
GG
+$957K
5
STEW
SRH Total Return Fund
STEW
+$898K

Top Sells

Rank Stock Value
1
ISBC
Investors Bancorp, Inc.
ISBC
+$4.49M
2
EGO icon
Eldorado Gold
EGO
+$3.74M
3
ONB icon
Old National Bancorp
ONB
+$2.83M
4
ARR
Armour Residential REIT
ARR
+$1.29M
5
CPHR
Cipher Pharmaceuticals Inc.
CPHR
+$1.16M

Sector Composition

Rank Sector Weight
1 Financials 29.32%
2 Industrials 15.88%
3 Miscellaneous 14.35%
4 Materials 12.23%
5 Energy 11.39%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PROV icon
1
Provident Financial
PROV
$117M
$7.73M 8.12%
483,500
– –
RLH
2
DELISTED
Red Lions Hotel Corporation
RLH
$6.23M 6.55%
934,487
– –
SMBC icon
3
Southern Missouri Bancorp
SMBC
$817M
$6.01M 6.31%
318,458
-7,500
-2% -$141K
AER icon
4
AerCap
AER
$22.9B
$5.14M 5.4%
117,723
– –
REIS
5
DELISTED
Reis, Inc.
REIS
$4.62M 4.85%
180,209
-5,000
-3% -$122K
CPHR
6
DELISTED
Cipher Pharmaceuticals Inc.
CPHR
$4.06M 4.26%
447,800
-92,500
-17% -$1.16M
AGI icon
7
Alamos Gold
AGI
$15.5B
$3.22M 3.39%
+550,000
New +$3.48M
GST
8
DELISTED
Gastar Exploration Inc.
GST
$3.04M 3.19%
1,158,582
-69,000
-6% -$179K
CHK
9
DELISTED
Chesapeake Energy Corporation
CHK
$2.97M 3.12%
+1,050
New +$3.71M
MAG
10
DELISTED
MAG Silver
MAG
$2.68M 2.82%
433,100
– –
NVSL
11
DELISTED
NAUGATUCK VALLEY FINANCIAL CORP
NVSL
$2.67M 2.8%
290,321
– –
PNC.WS
12
DELISTED
PNC Financial Services Group Inc
PNC.WS
$2.55M 2.68%
97,300
– –
AIG.WS
13
DELISTED
American International Group, Inc.
AIG.WS
$2.52M 2.64%
115,000
– –
MAYS icon
14
J.W. Mays
MAYS
$85.5M
$2.42M 2.54%
49,120
– –
CIFC
15
DELISTED
CIFC LLC Common Shares
CIFC
$2.21M 2.33%
289,516
– –
TRQ
16
DELISTED
Turquoise Hill Resources Ltd
TRQ
$2.18M 2.29%
70,000
-10,000
-13% -$302K
WFC.WS
17
DELISTED
Wells Fargo & Company Ws
WFC.WS
$2.17M 2.28%
105,900
– –
CNX icon
18
CNX Resources
CNX
$5.55B
$1.98M 2.08%
85,200
+12,000
+16% +$306K
CWAY
19
DELISTED
Coastway Bancorp, Inc.
CWAY
$1.96M 2.06%
177,000
– –
OSHC
20
DELISTED
Ocean Shore Holding Co.
OSHC
$1.87M 1.96%
126,900
– –
PLG
21
Platinum Group Metals
PLG
$193M
$1.84M 1.94%
33,815
+15,000
+80% +$756K
FLY
22
DELISTED
Fly Leasing Limited
FLY
$1.75M 1.84%
120,418
-38,645
-24% -$549K
WBKC
23
DELISTED
Wolverine Bancorp, Inc.
WBKC
$1.61M 1.69%
65,700
– –
FWONK icon
24
Liberty Media Series C
FWONK
$23.9B
$1.37M 1.43%
50,515
– –
WAYN
25
DELISTED
Wayne Savings Bancshares Inc
WAYN
$1.26M 1.32%
94,005
– –
1
2 3

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PCC
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WCM
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OCM
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Raffles Associates's Q1 2015 Portfolio in Review

As of Q1 2015, Raffles Associates held 63 positions worth $95.2M, down 9.6% from $105M the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Raffles Associates withdrew a net $6.93M in Q1 2015, closing 7 positions and reducing 12 holdings. Its most notable exit was Investors Bancorp, Inc., an estimated $4.49M position sold in full.

By sector, the portfolio is most concentrated in Financials at 29% of assets, down from 33% a quarter earlier, followed by Industrials and Miscellaneous.

Against the trend, Raffles Associates opened a new position in Chesapeake Energy Corporation worth $2.97M.

  • Raffles Associates's largest Q1 2015 buy was Chesapeake Energy Corporation: 1,050 shares worth $2.97M.
  • Raffles Associates added most to Platinum Group Metals in Q1 2015, an estimated $756K increase.
  • Raffles Associates's biggest Q1 2015 reduction was Cipher Pharmaceuticals Inc., cutting an estimated $1.16M.
  • Raffles Associates fully exited Investors Bancorp, Inc. in Q1 2015, selling an estimated $4.49M.
  • Raffles Associates's ten largest holdings make up 48% of its $95.2M portfolio in Q1 2015.
  • Raffles Associates opened 6 new positions and closed 7 in Q1 2015.
  • Raffles Associates's portfolio value fell 9.6% quarter-over-quarter to $95.2M.

Based on Raffles Associates's 13F filing for Q1 2015, filed 15 May 2015.