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RA

Raffles Associates Portfolio holdings

AUM $117M
1-Year Est. Return 22.1%
This Fund
S&P 500
This Quarter Est. Return
-0.04%
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
$85.4M
AUM Growth
-$8.32M
Cap. Flow
-$5.46M
Cap. Flow %
-6.4%
Top 10 Hldgs %
64.27%
Holding
63
New
13
Increased
3
Reduced
8
Closed
16

Top Buys

Rank Stock Value
1
B
Barrick Mining
B
+$1.99M
2
CRK icon
Comstock Resources
CRK
+$1.19M
3
NXE icon
NexGen Energy
NXE
+$1.04M
4
BX icon
Blackstone
BX
+$864K
5
AUB icon
Atlantic Union Bankshares
AUB
+$854K

Top Sells

Rank Stock Value
1
AUY
Yamana Gold, Inc.
AUY
+$2.36M
2
JNUG icon
Direxion Daily Junior Gold Miners Index Bull 2X ETF
JNUG
+$1.58M
3
UVXY icon
ProShares Ultra VIX Short-Term Futures ETF
UVXY
+$1.54M
4
MSOS icon
AdvisorShares Pure US Cannabis ETF
MSOS
+$1.32M
5
IIIN icon
Insteel Industries
IIIN
+$1.19M

Sector Composition

Rank Sector Weight
1 Financials 65.77%
2 Industrials 7.38%
3 Materials 6.19%
4 Energy 5.45%
5 Healthcare 4.78%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SMBC icon
1
Southern Missouri Bancorp
SMBC
$817M
$10.6M 12.46%
232,292
– –
EBC icon
2
Eastern Bankshares
EBC
$5.08B
$9.98M 11.68%
578,330
-20,000
-3% -$383K
BPOP icon
3
Popular Inc
BPOP
$10.9B
$8.95M 10.48%
135,000
-15,000
-10% -$1.04M
PROV icon
4
Provident Financial
PROV
$117M
$5.25M 6.15%
381,349
– –
JOB icon
5
GEE Group
JOB
$26.3M
$4.37M 5.11%
8,913,857
– –
FBP icon
6
First Bancorp
FBP
$4.35B
$4.11M 4.81%
322,874
– –
AFBI
7
DELISTED
Affinity Bancshares
AFBI
$3.75M 4.39%
248,607
– –
WMPN
8
DELISTED
William Penn Bancorporation Common Stock
WMPN
$3.27M 3.83%
270,000
– –
OR icon
9
OR Royalties Inc
OR
$6.99B
$2.29M 2.68%
190,000
-50,000
-21% -$579K
VMD icon
10
Viemed Healthcare
VMD
$346M
$2.29M 2.68%
302,418
-15,000
-5% -$102K
B
11
Barrick Mining
B
$73.7B
$2.15M 2.51%
+125,000
New +$1.99M
MAYS icon
12
J.W. Mays
MAYS
$85.5M
$2.14M 2.5%
44,439
– –
LCTX icon
13
Lineage Cell Therapeutics
LCTX
$273M
$1.8M 2.1%
1,536,946
-543,590
-26% -$685K
PARA
14
DELISTED
Paramount Global Class B
PARA
$1.69M 1.98%
100,000
-14,469
-13% -$266K
VABK icon
15
Virginia National Bankshares
VABK
$255M
$1.48M 1.73%
40,344
– –
REPX icon
16
Riley Exploration Permian
REPX
$929M
$1.37M 1.6%
46,500
-5,900
-11% -$168K
TURN
17
DELISTED
180 Degree Capital
TURN
$1.29M 1.51%
244,271
+540
+0.2% +$2.97K
VOXX
18
DELISTED
VOXX International Corporation Class A
VOXX
$1.14M 1.33%
135,500
– –
NXE icon
19
NexGen Energy
NXE
$7.19B
$1.11M 1.3%
+250,000
New +$1.04M
FNWD icon
20
Finward Bancorp
FNWD
$190M
$1.01M 1.18%
27,872
– –
NECB icon
21
Northeast Community Bancorp
NECB
$374M
$970K 1.14%
65,000
– –
CRK icon
22
Comstock Resources
CRK
$4.48B
$960K 1.12%
+70,000
New +$1.19M
ESOA icon
23
Energy Services of America
ESOA
$220M
$954K 1.12%
370,525
+155,525
+72% +$428K
NSTS icon
24
NSTS Bancorp
NSTS
$73.8M
$950K 1.11%
93,813
– –
NSSC icon
25
Napco Security Technologies
NSSC
$1.32B
$918K 1.08%
33,424
– –
1
2 3

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Raffles Associates's Q4 2022 Portfolio in Review

As of Q4 2022, Raffles Associates held 63 positions worth $85.4M, down 8.9% from $93.8M the previous quarter. Its ten largest holdings account for 64% of the portfolio.

Raffles Associates withdrew a net $5.46M in Q4 2022, closing 16 positions and reducing 8 holdings. Its most notable exit was Yamana Gold, Inc., an estimated $2.36M position sold in full.

By sector, the portfolio is most concentrated in Financials at 66% of assets, up from 63% a quarter earlier, followed by Industrials and Materials.

Against the trend, Raffles Associates opened a new position in Barrick Mining worth $2.15M.

  • Raffles Associates's largest Q4 2022 buy was Barrick Mining: 125,000 shares worth $2.15M.
  • Raffles Associates added most to Energy Services of America in Q4 2022, an estimated $428K increase.
  • Raffles Associates's biggest Q4 2022 reduction was Popular Inc, cutting an estimated $1.04M.
  • Raffles Associates fully exited Yamana Gold, Inc. in Q4 2022, selling an estimated $2.36M.
  • Raffles Associates's ten largest holdings make up 64% of its $85.4M portfolio in Q4 2022.
  • Raffles Associates opened 13 new positions and closed 16 in Q4 2022.
  • Raffles Associates's portfolio value fell 8.9% quarter-over-quarter to $85.4M.

Based on Raffles Associates's 13F filing for Q4 2022, filed 15 Feb 2023.