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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
+14.13%
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
$96M
AUM Growth
+$13.9M
(+17%)
Cap. Flow
+$5.94M
Cap. Flow
% of AUM
6.19%
Top 10 Holdings %
Top 10 Hldgs %
61.12%
Holding
49
New
6
Increased
5
Reduced
19
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco DB US Dollar Index Bullish Fund
UUP
|
+$4.4M |
| 2 |
ProShares Ultra VIX Short-Term Futures ETF
UVXY
|
+$1.33M |
| 3 |
MBBC
Marathon Bancorp
MBBC
|
+$1.08M |
| 4 |
ProShares UltraShort Gold
GLL
|
+$1.08M |
| 5 |
ProShares UltraShort S&P500
SDS
|
+$517K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
JOF
Japan Smaller Capitalization Fund
JOF
|
+$957K |
| 2 |
Ivanhoe Electric
IE
|
+$902K |
| 3 |
Ranger Energy Services
RNGR
|
+$486K |
| 4 |
Contango Silver & Gold Inc
CTGO
|
+$200K |
| 5 |
TURN
180 Degree Capital
TURN
|
+$169K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 47.4% |
| 2 | Materials | 15.96% |
| 3 | Industrials | 8.27% |
| 4 | Healthcare | 8% |
| 5 | Real Estate | 4.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Southern Missouri Bancorp
SMBC
$855M
| $12.6M | 13.08% |
229,249
| – | – |
|
|
2
Ivanhoe Electric
IE
$1.43B
| $8.67M | 9.03% |
956,077
-130,000
| -12% | -$902K |
|
3
Provident Financial
PROV
$108M
| $6.07M | 6.33% |
391,791
-1,629
| -0.4% | -$24.5K |
|
4
Eastern Bankshares
EBC
$4.93B
| $5.49M | 5.72% |
359,788
| – | – |
|
5
OFG Bancorp
OFG
$2.21B
| $5.14M | 5.35% |
120,067
| – | – |
|
|
VZLA
6
Vizsla Silver
VZLA
$1.16B
| $4.97M | 5.17% |
1,689,010
-30,000
| -2% | -$78.2K |
|
7
Lineage Cell Therapeutics
LCTX
$257M
| $4.89M | 5.1% |
5,392,088
-250,000
| -4% | -$148K |
|
|
8
Invesco DB US Dollar Index Bullish Fund
UUP
$434M
| $4.3M | 4.48% |
+160,000
| New | +$4.4M |
|
9
Affinity Bancshares
AFBI
$140M
| $3.66M | 3.81% |
199,130
| – | – |
|
10
AerSale
ASLE
$292M
| $2.91M | 3.04% |
485,000
+30,000
| +7% | +$192K |
|
11
Viemed Healthcare
VMD
$451M
| $2.78M | 2.9% |
402,691
| – | – |
|
12
First Bancorp
FBP
$4.4B
| $2.77M | 2.88% |
132,874
| – | – |
|
|
13
ProShares UltraShort Gold
GLL
$128M
| $2.56M | 2.67% |
57,500
+23,750
| +70% | +$1.08M |
|
|
14
ProShares UltraShort S&P500
SDS
$406M
| $2.08M | 2.17% |
25,000
+5,200
| +26% | +$517K |
|
15
NexGen Energy
NXE
$6.05B
| $2.01M | 2.1% |
290,000
-15,000
| -5% | -$84.7K |
|
16
GEE Group
JOB
$23.4M
| $1.87M | 1.95% |
9,508,737
| – | – |
|
17
Energy Services of America
ESOA
$297M
| $1.68M | 1.75% |
169,392
-8,741
| -5% | -$83.7K |
|
18
J.W. Mays
MAYS
$78.6M
| $1.67M | 1.74% |
44,438
-1
| -0% | -$38 |
|
|
PKST
19
DELISTED
Peakstone Realty Trust
PKST
| $1.64M | 1.7% |
123,847
-6,140
| -5% | -$75.5K |
|
|
20
Contango Silver & Gold Inc
CTGO
$529M
| $1.39M | 1.45% |
71,406
-12,431
| -15% | -$200K |
|
21
Northeast Community Bancorp
NECB
$368M
| $1.38M | 1.44% |
59,500
| – | – |
|
|
JOF
22
Japan Smaller Capitalization Fund
JOF
$320M
| $1.34M | 1.39% |
138,849
-106,519
| -43% | -$957K |
|
23
NSTS Bancorp
NSTS
$66.7M
| $1.16M | 1.2% |
93,774
-39
| -0% | -$466 |
|
|
MBBC
24
Marathon Bancorp
MBBC
$43.4M
| $1.07M | 1.12% |
+107,664
| New | +$1.08M |
|
25
AdvisorShares Pure US Cannabis ETF
MSOS
$864M
| $988K | 1.03% |
410,000
| – | – |
|
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B
Raffles Associates's Q2 2025 Portfolio in Review
As of Q2 2025, Raffles Associates held 49 positions worth $96M, up 17% from $82.1M the previous quarter. Its ten largest holdings account for 61% of the portfolio.
Raffles Associates deployed $5.94M of net new capital in Q2 2025, opening 6 new positions and adding to 5 existing holdings. Its largest new stake was Invesco DB US Dollar Index Bullish Fund: 160,000 shares worth $4.3M.
By sector, the portfolio is most concentrated in Financials at 47% of assets, down from 53% a quarter earlier, followed by Materials and Industrials.
On the sell side, the largest reduction was Japan Smaller Capitalization Fund, an estimated $957K trimmed.
- Raffles Associates's largest Q2 2025 buy was Invesco DB US Dollar Index Bullish Fund: 160,000 shares worth $4.3M.
- Raffles Associates added most to ProShares UltraShort Gold in Q2 2025, an estimated $1.08M increase.
- Raffles Associates's biggest Q2 2025 reduction was Japan Smaller Capitalization Fund, cutting an estimated $957K.
- Raffles Associates fully exited Ranger Energy Services in Q2 2025, selling an estimated $486K.
- Raffles Associates's ten largest holdings make up 61% of its $96M portfolio in Q2 2025.
- Raffles Associates opened 6 new positions and closed 1 in Q2 2025.
- Raffles Associates's portfolio value rose 17% quarter-over-quarter to $96M.
Based on Raffles Associates's 13F filing for Q2 2025, filed 15 Aug 2025.