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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
-0.4%
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
$75.5M
AUM Growth
+$1.07M
Cap. Flow
+$2.42M
Cap. Flow %
3.21%
Top 10 Hldgs %
64.17%
Holding
52
New
7
Increased
11
Reduced
12
Closed
6

Top Buys

Rank Stock Value
1
TMF icon
Direxion Daily 20+ Year Treasury Bull 3X ETF
TMF
+$4.44M
2
SCO icon
ProShares UltraShort Bloomberg Crude Oil
SCO
+$2.85M
3
OFG icon
OFG Bancorp
OFG
+$2.66M
4
OR icon
OR Royalties Inc
OR
+$956K
5
PKST
Peakstone Realty Trust
PKST
+$722K

Top Sells

Rank Stock Value
1
BAC icon
Bank of America
BAC
+$4.3M
2
VXX icon
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
+$1.77M
3
WMPN
William Penn Bancorporation Common Stock
WMPN
+$1.4M
4
OXY icon
Occidental Petroleum
OXY
+$1.18M
5
MSOS icon
AdvisorShares Pure US Cannabis ETF
MSOS
+$831K

Sector Composition

Rank Sector Weight
1 Financials 58.85%
2 Industrials 10.5%
3 Miscellaneous 8.89%
4 Materials 5.31%
5 Healthcare 5.28%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SMBC icon
1
Southern Missouri Bancorp
SMBC
$817M
$8.99M 11.91%
232,292
– –
BPOP icon
2
Popular Inc
BPOP
$10.9B
$5.65M 7.48%
89,609
-11,749
-12% -$777K
EBC icon
3
Eastern Bankshares
EBC
$5.08B
$5.62M 7.45%
448,330
+20,000
+5% +$269K
JOB icon
4
GEE Group
JOB
$26.3M
$5.5M 7.29%
9,303,017
+120,552
+1% +$64.7K
PROV icon
5
Provident Financial
PROV
$117M
$5.12M 6.79%
391,349
– –
OFG icon
6
OFG Bancorp
OFG
$2.25B
$4.75M 6.29%
159,067
+87,067
+121% +$2.66M
AFBI
7
DELISTED
Affinity Bancshares
AFBI
$3.72M 4.93%
251,560
+1,500
+0.6% +$20.9K
TMF icon
8
Direxion Daily 20+ Year Treasury Bull 3X ETF
TMF
$2.16B
$3.37M 4.47%
+70,000
New +$4.44M
FBP icon
9
First Bancorp
FBP
$4.35B
$3.27M 4.33%
242,874
– –
SCO icon
10
ProShares UltraShort Bloomberg Crude Oil
SCO
$801M
$2.44M 3.23%
+36,250
New +$2.85M
OR icon
11
OR Royalties Inc
OR
$6.99B
$2.12M 2.8%
180,022
+70,022
+64% +$956K
VMD icon
12
Viemed Healthcare
VMD
$346M
$2.11M 2.79%
313,378
– –
MAYS icon
13
J.W. Mays
MAYS
$85.5M
$2.07M 2.74%
44,439
– –
LCTX icon
14
Lineage Cell Therapeutics
LCTX
$273M
$1.87M 2.48%
1,587,739
-10,000
-0.6% -$13.6K
ESOA icon
15
Energy Services of America
ESOA
$220M
$1.63M 2.16%
402,725
-20,000
-5% -$66.8K
TURN
16
DELISTED
180 Degree Capital
TURN
$1.45M 1.92%
341,375
+43,634
+15% +$191K
NXE icon
17
NexGen Energy
NXE
$7.19B
$1.34M 1.78%
225,000
– –
NECB icon
18
Northeast Community Bancorp
NECB
$374M
$1M 1.33%
68,000
– –
PARA
19
DELISTED
Paramount Global Class B
PARA
$903K 1.2%
70,000
-5,000
-7% -$74.1K
SAND
20
DELISTED
Sandstorm Gold
SAND
$867K 1.15%
186,000
+86,000
+86% +$452K
NSTS icon
21
NSTS Bancorp
NSTS
$73.8M
$849K 1.12%
93,813
– –
WMPN
22
DELISTED
William Penn Bancorporation Common Stock
WMPN
$849K 1.12%
68,000
-121,000
-64% -$1.4M
VOXX
23
DELISTED
VOXX International Corporation Class A
VOXX
$798K 1.06%
100,055
-7,000
-7% -$62.9K
VABK icon
24
Virginia National Bankshares
VABK
$255M
$784K 1.04%
25,844
– –
NSSC icon
25
Napco Security Technologies
NSSC
$1.32B
$744K 0.99%
33,424
– –
1
2 3

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Raffles Associates's Q3 2023 Portfolio in Review

As of Q3 2023, Raffles Associates held 52 positions worth $75.5M, up 1.4% from $74.4M the previous quarter. Its ten largest holdings account for 64% of the portfolio.

Raffles Associates deployed $2.42M of net new capital in Q3 2023, opening 7 new positions and adding to 11 existing holdings. Its largest new stake was Direxion Daily 20+ Year Treasury Bull 3X ETF: 70,000 shares worth $3.37M.

By sector, the portfolio is most concentrated in Financials at 59% of assets, down from 61% a quarter earlier, followed by Industrials and Miscellaneous.

On the sell side, the largest reduction was William Penn Bancorporation Common Stock, an estimated $1.4M trimmed.

  • Raffles Associates's largest Q3 2023 buy was Direxion Daily 20+ Year Treasury Bull 3X ETF: 70,000 shares worth $3.37M.
  • Raffles Associates added most to OFG Bancorp in Q3 2023, an estimated $2.66M increase.
  • Raffles Associates's biggest Q3 2023 reduction was William Penn Bancorporation Common Stock, cutting an estimated $1.4M.
  • Raffles Associates fully exited Bank of America in Q3 2023, selling an estimated $4.3M.
  • Raffles Associates's ten largest holdings make up 64% of its $75.5M portfolio in Q3 2023.
  • Raffles Associates opened 7 new positions and closed 6 in Q3 2023.
  • Raffles Associates's portfolio value rose 1.4% quarter-over-quarter to $75.5M.

Based on Raffles Associates's 13F filing for Q3 2023, filed 15 Nov 2023.