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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
+14.29%
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
$79.1M
AUM Growth
+$3.62M
(+4.8%)
Cap. Flow
-$5.3M
Cap. Flow
% of AUM
-6.7%
Top 10 Holdings %
Top 10 Hldgs %
65.05%
Holding
55
New
9
Increased
11
Reduced
13
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ProShares Ultra VIX Short-Term Futures ETF
UVXY
|
+$1.61M |
| 2 |
Ranger Energy Services
RNGR
|
+$1.21M |
| 3 |
Occidental Petroleum
OXY
|
+$915K |
| 4 |
EFC
Ellington Financial
EFC
|
+$866K |
| 5 |
Ivanhoe Electric
IE
|
+$793K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Direxion Daily 20+ Year Treasury Bull 3X ETF
TMF
|
+$3.37M |
| 2 |
Popular Inc
BPOP
|
+$2.48M |
| 3 |
ProShares UltraShort Bloomberg Crude Oil
SCO
|
+$2.44M |
| 4 |
OFG Bancorp
OFG
|
+$988K |
| 5 |
OR Royalties Inc
OR
|
+$918K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 61.26% |
| 2 | Industrials | 9.37% |
| 3 | Materials | 7.18% |
| 4 | Healthcare | 6.39% |
| 5 | Energy | 5.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Southern Missouri Bancorp
SMBC
$855M
| $12.4M | 15.68% |
232,292
| – | – |
|
2
Eastern Bankshares
EBC
$4.93B
| $7.07M | 8.94% |
497,990
+49,660
| +11% | +$620K |
|
3
Provident Financial
PROV
$108M
| $4.93M | 6.24% |
391,349
| – | – |
|
|
4
OFG Bancorp
OFG
$2.21B
| $4.84M | 6.12% |
129,067
-30,000
| -19% | -$988K |
|
5
GEE Group
JOB
$23.4M
| $4.65M | 5.88% |
9,303,765
+748
| +0% | +$407 |
|
|
6
Popular Inc
BPOP
$11B
| $4.48M | 5.67% |
54,609
-35,000
| -39% | -$2.48M |
|
7
Affinity Bancshares
AFBI
$140M
| $4.02M | 5.08% |
251,560
| – | – |
|
8
First Bancorp
FBP
$4.4B
| $4M | 5.05% |
242,874
| – | – |
|
9
Viemed Healthcare
VMD
$451M
| $2.73M | 3.45% |
347,691
+34,313
| +11% | +$249K |
|
10
Lineage Cell Therapeutics
LCTX
$257M
| $2.32M | 2.94% |
2,131,621
+543,882
| +34% | +$596K |
|
11
J.W. Mays
MAYS
$78.6M
| $1.87M | 2.36% |
44,439
| – | – |
|
12
NexGen Energy
NXE
$6.05B
| $1.72M | 2.17% |
245,000
+20,000
| +9% | +$125K |
|
|
13
OR Royalties Inc
OR
$5.47B
| $1.57M | 1.99% |
110,000
-70,022
| -39% | -$918K |
|
14
Energy Services of America
ESOA
$297M
| $1.55M | 1.96% |
259,838
-142,887
| -35% | -$654K |
|
|
TURN
15
DELISTED
180 Degree Capital
TURN
| $1.22M | 1.54% |
297,865
-43,510
| -13% | -$170K |
|
|
JOF
16
Japan Smaller Capitalization Fund
JOF
$320M
| $1.17M | 1.48% |
154,495
+78,812
| +104% | +$562K |
|
17
Northeast Community Bancorp
NECB
$368M
| $1.15M | 1.46% |
65,000
-3,000
| -4% | -$48.7K |
|
18
Napco Security Technologies
NSSC
$1.28B
| $1.14M | 1.45% |
33,424
| – | – |
|
|
19
Ranger Energy Services
RNGR
$373M
| $1.07M | 1.36% |
+105,000
| New | +$1.21M |
|
|
20
ProShares Ultra VIX Short-Term Futures ETF
UVXY
$249M
| $1.05M | 1.33% |
+5,000
| New | +$1.61M |
|
|
PBPB
21
DELISTED
Potbelly
PBPB
| $935K | 1.18% |
89,761
-3,199
| -3% | -$29.1K |
|
|
22
Occidental Petroleum
OXY
$57B
| $896K | 1.13% |
+15,000
| New | +$915K |
|
23
NSTS Bancorp
NSTS
$66.7M
| $892K | 1.13% |
93,813
| – | – |
|
24
Virginia National Bankshares
VABK
$243M
| $889K | 1.12% |
25,844
| – | – |
|
|
SAND
25
DELISTED
Sandstorm Gold
SAND
| $880K | 1.11% |
175,000
-11,000
| -6% | -$52.4K |
|
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B
Raffles Associates's Q4 2023 Portfolio in Review
As of Q4 2023, Raffles Associates held 55 positions worth $79.1M, up 4.8% from $75.5M the previous quarter. Its ten largest holdings account for 65% of the portfolio.
Raffles Associates withdrew a net $5.3M in Q4 2023, closing 8 positions and reducing 13 holdings. Its most notable exit was Direxion Daily 20+ Year Treasury Bull 3X ETF, an estimated $3.37M position sold in full.
By sector, the portfolio is most concentrated in Financials at 61% of assets, up from 59% a quarter earlier, followed by Industrials and Materials.
Against the trend, Raffles Associates opened a new position in ProShares Ultra VIX Short-Term Futures ETF worth $1.05M.
- Raffles Associates's largest Q4 2023 buy was ProShares Ultra VIX Short-Term Futures ETF: 5,000 shares worth $1.05M.
- Raffles Associates added most to Eastern Bankshares in Q4 2023, an estimated $620K increase.
- Raffles Associates's biggest Q4 2023 reduction was Popular Inc, cutting an estimated $2.48M.
- Raffles Associates fully exited Direxion Daily 20+ Year Treasury Bull 3X ETF in Q4 2023, selling an estimated $3.37M.
- Raffles Associates's ten largest holdings make up 65% of its $79.1M portfolio in Q4 2023.
- Raffles Associates opened 9 new positions and closed 8 in Q4 2023.
- Raffles Associates's portfolio value rose 4.8% quarter-over-quarter to $79.1M.
Based on Raffles Associates's 13F filing for Q4 2023, filed 14 Feb 2024.