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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
+1.19%
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
$95.2M
AUM Growth
-$14.1M
Cap. Flow
-$14.5M
Cap. Flow %
-15.25%
Top 10 Hldgs %
65.88%
Holding
51
New
8
Increased
4
Reduced
16
Closed
4

Top Buys

Rank Stock Value
1
BPOP icon
Popular Inc
BPOP
+$3.31M
2
GE icon
GE Aerospace
GE
+$996K
3
AAV
Advantage Oil & Gas Ltd
AAV
+$755K
4
EGO icon
Eldorado Gold
EGO
+$743K
5
UVXY icon
ProShares Ultra VIX Short-Term Futures ETF
UVXY
+$728K

Top Sells

Rank Stock Value
1
WFC icon
Wells Fargo
WFC
+$9.23M
2
RLH
Red Lions Hotel Corporation
RLH
+$2.91M
3
IIIN icon
Insteel Industries
IIIN
+$2.61M
4
CNX icon
CNX Resources
CNX
+$1.77M
5
SDS icon
ProShares UltraShort S&P500
SDS
+$1.09M

Sector Composition

Rank Sector Weight
1 Financials 42.23%
2 Industrials 15.09%
3 Energy 15.03%
4 Materials 11.54%
5 Real Estate 2.22%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BPOP icon
1
Popular Inc
BPOP
$11B
$11.9M 12.53%
335,800
+95,800
+40% +$3.31M
SMBC icon
2
Southern Missouri Bancorp
SMBC
$862M
$10M 10.51%
265,958
-5,000
-2% -$191K
PROV icon
3
Provident Financial
PROV
$111M
$7.23M 7.6%
393,096
– –
GDP
4
DELISTED
Goodrich Petroleum Corporation Common Stock
GDP
$6.49M 6.82%
594,903
-5,000
-0.8% -$51.5K
WFC icon
5
Wells Fargo
WFC
$254B
$6.42M 6.75%
105,900
-163,346
-61% -$9.23M
AER icon
6
AerCap
AER
$23.4B
$6.19M 6.51%
117,723
– –
MAG
7
DELISTED
MAG Silver
MAG
$4.12M 4.32%
332,900
-15,000
-4% -$169K
CNX icon
8
CNX Resources
CNX
$4.91B
$3.66M 3.84%
250,000
-128,000
-34% -$1.77M
REIS
9
DELISTED
Reis, Inc.
REIS
$3.4M 3.57%
164,482
– –
AGI icon
10
Alamos Gold
AGI
$12B
$3.25M 3.42%
500,000
– –
RLH
11
DELISTED
Red Lions Hotel Corporation
RLH
$3.13M 3.29%
318,240
-326,315
-51% -$2.91M
NSU
12
DELISTED
Nevsun Resources Ltd.
NSU
$2.63M 2.76%
1,077,800
+100,000
+10% +$231K
FLY
13
DELISTED
Fly Leasing Limited
FLY
$2.12M 2.23%
164,350
– –
DYN
14
DELISTED
Dynegy, Inc.
DYN
$1.83M 1.93%
154,600
-85,400
-36% -$954K
MAYS icon
15
J.W. Mays
MAYS
$78.6M
$1.75M 1.84%
44,939
– –
NVTR
16
DELISTED
Nuvectra Corporation Common Stock
NVTR
$1.72M 1.81%
221,675
-8,000
-3% -$84K
NSSC icon
17
Napco Security Technologies
NSSC
$1.3B
$1.45M 1.53%
332,372
– –
LSXMK
18
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
$1.42M 1.49%
46,946
– –
MFNC
19
DELISTED
Mackinac Financial Corporation
MFNC
$1.38M 1.45%
86,583
– –
WAYN
20
DELISTED
Wayne Savings Bancshares Inc
WAYN
$1.19M 1.25%
64,305
-20,000
-24% -$357K
CCR
21
DELISTED
CONSOL Coal Resources LP
CCR
$988K 1.04%
63,146
+13,000
+26% +$189K
AAV
22
DELISTED
Advantage Oil & Gas Ltd
AAV
$901K 0.95%
209,636
+150,000
+252% +$755K
GE icon
23
GE Aerospace
GE
$364B
$872K 0.92%
+10,433
New +$996K
VXX
24
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
$872K 0.92%
31,250
-12,500
-29% -$412K
EPM icon
25
Evolution Petroleum
EPM
$133M
$847K 0.89%
123,700
– –
1
2 3

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Raffles Associates's Q4 2017 Portfolio in Review

As of Q4 2017, Raffles Associates held 51 positions worth $95.2M, down 13% from $109M the previous quarter. Its ten largest holdings account for 66% of the portfolio.

Raffles Associates withdrew a net $14.5M in Q4 2017, closing 4 positions and reducing 16 holdings. Its most notable exit was Insteel Industries, an estimated $2.61M position sold in full.

By sector, the portfolio is most concentrated in Financials at 42% of assets, down from 43% a quarter earlier, followed by Industrials and Energy.

Against the trend, Raffles Associates opened a new position in GE Aerospace worth $872K.

  • Raffles Associates's largest Q4 2017 buy was GE Aerospace: 10,433 shares worth $872K.
  • Raffles Associates added most to Popular Inc in Q4 2017, an estimated $3.31M increase.
  • Raffles Associates's biggest Q4 2017 reduction was Wells Fargo, cutting an estimated $9.23M.
  • Raffles Associates fully exited Insteel Industries in Q4 2017, selling an estimated $2.61M.
  • Raffles Associates's ten largest holdings make up 66% of its $95.2M portfolio in Q4 2017.
  • Raffles Associates opened 8 new positions and closed 4 in Q4 2017.
  • Raffles Associates's portfolio value fell 13% quarter-over-quarter to $95.2M.

Based on Raffles Associates's 13F filing for Q4 2017, filed 14 Feb 2018.