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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
+4.14%
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
$58.9M
AUM Growth
-$2.48M
Cap. Flow
-$3.2M
Cap. Flow %
-5.44%
Top 10 Hldgs %
75.95%
Holding
48
New
9
Increased
4
Reduced
10
Closed
17

Top Buys

Rank Stock Value
1
BAC icon
Bank of America
BAC
+$4.98M
2
KBE icon
State Street SPDR S&P Bank ETF
KBE
+$4.67M
3
C icon
Citigroup
C
+$2.49M
4
WFC icon
Wells Fargo
WFC
+$2.46M
5
CRK icon
Comstock Resources
CRK
+$1M

Top Sells

Rank Stock Value
1
AER icon
AerCap
AER
+$4.09M
2
VMD icon
Viemed Healthcare
VMD
+$2.02M
3
MAG
MAG Silver
MAG
+$1.94M
4
HONE
HarborOne Bancorp
HONE
+$1.58M
5
HYMC icon
Hycroft Mining Holding Corp
HYMC
+$1.46M

Sector Composition

Rank Sector Weight
1 Financials 62.14%
2 Energy 10.95%
3 Communication Services 4.74%
4 Healthcare 4.72%
5 Technology 3.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
STND
1
DELISTED
Standard AVB Financial Corp. Common Stock
STND
$6.66M 11.32%
204,108
– –
BPOP icon
2
Popular Inc
BPOP
$11B
$6.53M 11.09%
180,000
-25,763
-13% -$954K
SMBC icon
3
Southern Missouri Bancorp
SMBC
$862M
$5.48M 9.3%
232,292
-5,002
-2% -$114K
GDP
4
DELISTED
Goodrich Petroleum Corporation Common Stock
GDP
$5.3M 8.99%
688,634
+94,500
+16% +$732K
BAC icon
5
Bank of America
BAC
$429B
$4.82M 8.18%
+200,000
New +$4.98M
KBE icon
6
State Street SPDR S&P Bank ETF
KBE
$1.64B
$4.42M 7.5%
+150,000
New +$4.67M
PROV icon
7
Provident Financial
PROV
$111M
$4.24M 7.2%
356,349
– –
VMD icon
8
Viemed Healthcare
VMD
$447M
$2.78M 4.72%
321,518
-200,000
-38% -$2.02M
WFC icon
9
Wells Fargo
WFC
$254B
$2.35M 3.99%
+100,000
New +$2.46M
C icon
10
Citigroup
C
$213B
$2.16M 3.66%
+50,000
New +$2.49M
SYNC
11
DELISTED
Synacor, Inc.
SYNC
$1.97M 3.35%
1,307,261
-13,861
-1% -$16.9K
OR icon
12
OR Royalties Inc
OR
$5.53B
$1.48M 2.51%
125,000
-50,000
-29% -$581K
FBP icon
13
First Bancorp
FBP
$4.41B
$1.48M 2.51%
282,874
+67,874
+32% +$378K
CRK icon
14
Comstock Resources
CRK
$3.7B
$1.16M 1.96%
263,712
+188,712
+252% +$1M
MAYS icon
15
J.W. Mays
MAYS
$78.6M
$899K 1.53%
44,939
– –
NSSC icon
16
Napco Security Technologies
NSSC
$1.3B
$869K 1.48%
73,918
-111,430
-60% -$1.34M
TURN
17
DELISTED
180 Degree Capital
TURN
$747K 1.27%
131,831
+113,098
+604% +$631K
VOXX
18
DELISTED
VOXX International Corporation Class A
VOXX
$734K 1.25%
95,500
-4,500
-5% -$29.9K
LSXMA
19
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
$593K 1.01%
24,332
– –
MIND icon
20
MIND Technology
MIND
$43.4M
$546K 0.93%
+26,231
New +$588K
MFNC
21
DELISTED
Mackinac Financial Corporation
MFNC
$468K 0.79%
48,474
– –
FSEA icon
22
First Seacoast Bancorp
FSEA
$79.5M
$450K 0.76%
48,595
– –
OSG
23
Octave Specialty Group
OSG
$257M
$447K 0.76%
34,993
-15,007
-30% -$193K
LILA icon
24
Liberty Latin America Class A
LILA
$1.72B
$412K 0.7%
+73,600
New +$448K
LILAK icon
25
Liberty Latin America Class C
LILAK
$1.69B
$407K 0.69%
+55,000
New +$441K
1
2

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Raffles Associates's Q3 2020 Portfolio in Review

As of Q3 2020, Raffles Associates held 48 positions worth $58.9M, down 4% from $61.4M the previous quarter. Its ten largest holdings account for 76% of the portfolio.

Raffles Associates withdrew a net $3.2M in Q3 2020, closing 17 positions and reducing 10 holdings. Its most notable exit was AerCap, an estimated $4.09M position sold in full.

By sector, the portfolio is most concentrated in Financials at 62% of assets, up from 47% a quarter earlier, followed by Energy and Communication Services.

Against the trend, Raffles Associates opened a new position in Bank of America worth $4.82M.

  • Raffles Associates's largest Q3 2020 buy was Bank of America: 200,000 shares worth $4.82M.
  • Raffles Associates added most to Comstock Resources in Q3 2020, an estimated $1M increase.
  • Raffles Associates's biggest Q3 2020 reduction was Viemed Healthcare, cutting an estimated $2.02M.
  • Raffles Associates fully exited AerCap in Q3 2020, selling an estimated $4.09M.
  • Raffles Associates's ten largest holdings make up 76% of its $58.9M portfolio in Q3 2020.
  • Raffles Associates opened 9 new positions and closed 17 in Q3 2020.
  • Raffles Associates's portfolio value fell 4% quarter-over-quarter to $58.9M.

Based on Raffles Associates's 13F filing for Q3 2020, filed 16 Nov 2020.