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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
-0.92%
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
$74.4M
AUM Growth
+$962K
(+1.3%)
Cap. Flow
+$2.27M
Cap. Flow
% of AUM
3.05%
Top 10 Holdings %
Top 10 Hldgs %
61.19%
Holding
54
New
8
Increased
10
Reduced
8
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$4.28M |
| 2 |
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
|
+$2.5M |
| 3 |
PARA
Paramount Global Class B
PARA
|
+$1.35M |
| 4 |
Occidental Petroleum
OXY
|
+$1.2M |
| 5 |
OFG Bancorp
OFG
|
+$1.18M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
United States Natural Gas Fund
UNG
|
+$3.12M |
| 2 |
Eastern Bankshares
EBC
|
+$1.78M |
| 3 |
ProShares Ultra VIX Short-Term Futures ETF
UVXY
|
+$1.16M |
| 4 |
Morgan Stanley
MS
|
+$878K |
| 5 |
WMPN
William Penn Bancorporation Common Stock
WMPN
|
+$812K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 61.28% |
| 2 | Industrials | 9.61% |
| 3 | Healthcare | 7.15% |
| 4 | Energy | 5.37% |
| 5 | Materials | 4.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Southern Missouri Bancorp
SMBC
$855M
| $8.93M | 12% |
232,292
-2,914
| -1% | -$107K |
|
2
Popular Inc
BPOP
$11B
| $6.13M | 8.24% |
101,358
| – | – |
|
|
3
Eastern Bankshares
EBC
$4.93B
| $5.26M | 7.06% |
428,330
-150,000
| -26% | -$1.78M |
|
4
Provident Financial
PROV
$108M
| $4.99M | 6.71% |
391,349
| – | – |
|
5
GEE Group
JOB
$23.4M
| $4.7M | 6.32% |
9,182,465
+50,000
| +0.5% | +$24.2K |
|
|
6
Bank of America
BAC
$435B
| $4.3M | 5.78% |
+150,000
| New | +$4.28M |
|
7
Viemed Healthcare
VMD
$451M
| $3.06M | 4.12% |
313,378
-4,040
| -1% | -$41K |
|
8
First Bancorp
FBP
$4.4B
| $2.97M | 3.99% |
242,874
| – | – |
|
9
Affinity Bancshares
AFBI
$140M
| $2.92M | 3.93% |
250,060
+1,453
| +0.6% | +$19.1K |
|
10
Lineage Cell Therapeutics
LCTX
$257M
| $2.25M | 3.03% |
1,597,739
+60,793
| +4% | +$84K |
|
11
J.W. Mays
MAYS
$78.6M
| $1.94M | 2.61% |
44,439
| – | – |
|
|
WMPN
12
DELISTED
William Penn Bancorporation Common Stock
WMPN
| $1.92M | 2.58% |
189,000
-81,000
| -30% | -$812K |
|
|
13
OFG Bancorp
OFG
$2.21B
| $1.88M | 2.52% |
72,000
+47,000
| +188% | +$1.18M |
|
|
14
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$162M
| $1.77M | 2.39% |
+17,750
| New | +$2.5M |
|
15
OR Royalties Inc
OR
$5.47B
| $1.69M | 2.27% |
110,000
| – | – |
|
|
VOXX
16
DELISTED
VOXX International Corporation Class A
VOXX
| $1.34M | 1.8% |
107,055
-28,445
| -21% | -$337K |
|
|
TURN
17
DELISTED
180 Degree Capital
TURN
| $1.32M | 1.78% |
297,741
+51,875
| +21% | +$243K |
|
18
Energy Services of America
ESOA
$297M
| $1.23M | 1.65% |
422,725
| – | – |
|
|
PARA
19
DELISTED
Paramount Global Class B
PARA
| $1.19M | 1.6% |
+75,000
| New | +$1.35M |
|
|
20
Occidental Petroleum
OXY
$57B
| $1.18M | 1.58% |
+20,000
| New | +$1.2M |
|
21
Napco Security Technologies
NSSC
$1.28B
| $1.16M | 1.56% |
33,424
| – | – |
|
22
NexGen Energy
NXE
$6.05B
| $1.06M | 1.42% |
225,000
-50,000
| -18% | -$203K |
|
23
Northeast Community Bancorp
NECB
$368M
| $1.01M | 1.36% |
68,000
| – | – |
|
24
NSTS Bancorp
NSTS
$66.7M
| $857K | 1.15% |
93,813
| – | – |
|
25
AdvisorShares Pure US Cannabis ETF
MSOS
$864M
| $831K | 1.12% |
150,000
+50,000
| +50% | +$274K |
|
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Raffles Associates's Q2 2023 Portfolio in Review
As of Q2 2023, Raffles Associates held 54 positions worth $74.4M, up 1.3% from $73.4M the previous quarter. Its ten largest holdings account for 61% of the portfolio.
Raffles Associates deployed $2.27M of net new capital in Q2 2023, opening 8 new positions and adding to 10 existing holdings. Its largest new stake was Bank of America: 150,000 shares worth $4.3M.
By sector, the portfolio is most concentrated in Financials at 61% of assets, down from 62% a quarter earlier, followed by Industrials and Healthcare.
On the sell side, the largest reduction was Eastern Bankshares, an estimated $1.78M trimmed.
- Raffles Associates's largest Q2 2023 buy was Bank of America: 150,000 shares worth $4.3M.
- Raffles Associates added most to OFG Bancorp in Q2 2023, an estimated $1.18M increase.
- Raffles Associates's biggest Q2 2023 reduction was Eastern Bankshares, cutting an estimated $1.78M.
- Raffles Associates fully exited United States Natural Gas Fund in Q2 2023, selling an estimated $3.12M.
- Raffles Associates's ten largest holdings make up 61% of its $74.4M portfolio in Q2 2023.
- Raffles Associates opened 8 new positions and closed 9 in Q2 2023.
- Raffles Associates's portfolio value rose 1.3% quarter-over-quarter to $74.4M.
Based on Raffles Associates's 13F filing for Q2 2023, filed 14 Aug 2023.