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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
-0.86%
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
$86.1M
AUM Growth
+$7.05M
(+8.9%)
Cap. Flow
+$8.4M
Cap. Flow
% of AUM
9.75%
Top 10 Holdings %
Top 10 Hldgs %
63.56%
Holding
55
New
8
Increased
14
Reduced
9
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ivanhoe Electric
IE
|
+$4.99M |
| 2 |
ProShares UltraShort S&P500
SDS
|
+$4.97M |
| 3 |
NB Bancorp
NBBK
|
+$1.55M |
| 4 |
Lineage Cell Therapeutics
LCTX
|
+$1.22M |
| 5 |
ProShares Ultra Bloomberg Natural Gas
BOIL
|
+$1.04M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Popular Inc
BPOP
|
+$4.48M |
| 2 |
Occidental Petroleum
OXY
|
+$896K |
| 3 |
NexGen Energy
NXE
|
+$743K |
| 4 |
OR Royalties Inc
OR
|
+$635K |
| 5 |
Energy Services of America
ESOA
|
+$607K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 51.34% |
| 2 | Materials | 11.98% |
| 3 | Healthcare | 9.32% |
| 4 | Industrials | 7.22% |
| 5 | Real Estate | 4.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Southern Missouri Bancorp
SMBC
$862M
| $10.5M | 12.14% |
239,292
+7,000
| +3% | +$315K |
|
2
Eastern Bankshares
EBC
$5.27B
| $6.86M | 7.97% |
497,990
| – | – |
|
|
3
Ivanhoe Electric
IE
$1.38B
| $6.41M | 7.44% |
653,598
+578,598
| +771% | +$4.99M |
|
4
Provident Financial
PROV
$111M
| $5.26M | 6.11% |
393,420
+2,071
| +0.5% | +$29K |
|
5
OFG Bancorp
OFG
$2.21B
| $4.75M | 5.51% |
129,067
| – | – |
|
|
6
Lineage Cell Therapeutics
LCTX
$264M
| $4.75M | 5.51% |
3,209,981
+1,078,360
| +51% | +$1.22M |
|
|
7
ProShares UltraShort S&P500
SDS
$435M
| $4.47M | 5.19% |
+36,000
| New | +$4.97M |
|
8
First Bancorp
FBP
$4.41B
| $4.26M | 4.95% |
242,874
| – | – |
|
9
Affinity Bancshares
AFBI
$140M
| $4.16M | 4.83% |
251,560
| – | – |
|
10
GEE Group
JOB
$22.8M
| $3.36M | 3.9% |
9,348,765
+45,000
| +0.5% | +$18.7K |
|
11
Viemed Healthcare
VMD
$447M
| $3.28M | 3.81% |
347,691
| – | – |
|
12
J.W. Mays
MAYS
$78.6M
| $1.94M | 2.25% |
44,439
| – | – |
|
|
13
NB Bancorp
NBBK
$993M
| $1.51M | 1.76% |
+110,700
| New | +$1.55M |
|
|
14
Energy Services of America
ESOA
$262M
| $1.46M | 1.7% |
177,391
-82,447
| -32% | -$607K |
|
15
Napco Security Technologies
NSSC
$1.3B
| $1.34M | 1.56% |
33,424
| – | – |
|
|
TURN
16
DELISTED
180 Degree Capital
TURN
| $1.3M | 1.51% |
302,865
+5,000
| +2% | +$20.8K |
|
17
Ranger Energy Services
RNGR
$354M
| $1.3M | 1.51% |
115,000
+10,000
| +10% | +$104K |
|
|
JOF
18
Japan Smaller Capitalization Fund
JOF
$316M
| $1.23M | 1.43% |
154,495
| – | – |
|
|
19
NexGen Energy
NXE
$5.91B
| $1.13M | 1.31% |
145,000
-100,000
| -41% | -$743K |
|
|
20
OR Royalties Inc
OR
$5.53B
| $1.1M | 1.28% |
67,000
-43,000
| -39% | -$635K |
|
|
VZLA
21
Vizsla Silver
VZLA
$1.1B
| $1.07M | 1.24% |
805,310
+149,706
| +23% | +$192K |
|
22
Northeast Community Bancorp
NECB
$373M
| $1.02M | 1.19% |
65,000
| – | – |
|
23
ProShares Ultra VIX Short-Term Futures ETF
UVXY
$259M
| $1.01M | 1.17% |
6,400
+1,400
| +28% | +$258K |
|
|
PBPB
24
DELISTED
Potbelly
PBPB
| $905K | 1.05% |
74,761
-15,000
| -17% | -$188K |
|
25
NSTS Bancorp
NSTS
$66.7M
| $895K | 1.04% |
93,813
| – | – |
|
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Raffles Associates's Q1 2024 Portfolio in Review
As of Q1 2024, Raffles Associates held 55 positions worth $86.1M, up 8.9% from $79.1M the previous quarter. Its ten largest holdings account for 64% of the portfolio.
Raffles Associates deployed $8.4M of net new capital in Q1 2024, opening 8 new positions and adding to 14 existing holdings. Its largest new stake was ProShares UltraShort S&P500: 36,000 shares worth $4.47M.
By sector, the portfolio is most concentrated in Financials at 51% of assets, down from 61% a quarter earlier, followed by Materials and Healthcare.
On the sell side, the largest reduction was NexGen Energy, an estimated $743K trimmed.
- Raffles Associates's largest Q1 2024 buy was ProShares UltraShort S&P500: 36,000 shares worth $4.47M.
- Raffles Associates added most to Ivanhoe Electric in Q1 2024, an estimated $4.99M increase.
- Raffles Associates's biggest Q1 2024 reduction was NexGen Energy, cutting an estimated $743K.
- Raffles Associates fully exited Popular Inc in Q1 2024, selling an estimated $4.48M.
- Raffles Associates's ten largest holdings make up 64% of its $86.1M portfolio in Q1 2024.
- Raffles Associates opened 8 new positions and closed 4 in Q1 2024.
- Raffles Associates's portfolio value rose 8.9% quarter-over-quarter to $86.1M.
Based on Raffles Associates's 13F filing for Q1 2024, filed 15 May 2024.