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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
-0.63%
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
$115M
AUM Growth
-$18.1M
Cap. Flow
-$13.3M
Cap. Flow %
-11.51%
Top 10 Hldgs %
60.73%
Holding
59
New
5
Increased
7
Reduced
18
Closed
10

Top Buys

Rank Stock Value
1
JETS icon
US Global Jets ETF
JETS
+$2.08M
2
TMF icon
Direxion Daily 20+ Year Treasury Bull 3X ETF
TMF
+$1.9M
3
SCO icon
ProShares UltraShort Bloomberg Crude Oil
SCO
+$1.4M
4
MSOS icon
AdvisorShares Pure US Cannabis ETF
MSOS
+$1M
5
OFG icon
OFG Bancorp
OFG
+$810K

Top Sells

Rank Stock Value
1
UVXY icon
ProShares Ultra VIX Short-Term Futures ETF
UVXY
+$3.95M
2
UUP icon
Invesco DB US Dollar Index Bullish Fund
UUP
+$3.38M
3
FBP icon
First Bancorp
FBP
+$2.17M
4
GLL icon
ProShares UltraShort Gold
GLL
+$1.88M
5
NXE icon
NexGen Energy
NXE
+$1.49M

Sector Composition

Rank Sector Weight
1 Financials 51.04%
2 Materials 11.18%
3 Healthcare 10.66%
4 Miscellaneous 10.58%
5 Industrials 7.93%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SMBC icon
1
Southern Missouri Bancorp
SMBC
$818M
$14.3M 12.36%
222,885
-2,449
-1% -$153K
LCTX icon
2
Lineage Cell Therapeutics
LCTX
$293M
$8.47M 7.35%
5,362,788
– –
EBC icon
3
Eastern Bankshares
EBC
$5.12B
$7.72M 6.7%
394,788
+35,000
+10% +$698K
CBK
4
Commercial Bancgroup
CBK
$464M
$6.46M 5.6%
248,258
-1,742
-0.7% -$44.7K
PROV icon
5
Provident Financial
PROV
$115M
$6.3M 5.47%
391,118
-121
-0% -$1.95K
IE icon
6
Ivanhoe Electric
IE
$1.87B
$6.29M 5.46%
532,077
-41,000
-7% -$642K
OFG icon
7
OFG Bancorp
OFG
$2.2B
$5.67M 4.92%
140,067
+20,000
+17% +$810K
GLIBK
8
Liberty Capital Corp Series C GCI Group Common Stock
GLIBK
$1.04B
$5.44M 4.72%
146,222
+8,006
+6% +$303K
VZLA
9
Vizsla Silver
VZLA
$1.46B
$4.96M 4.31%
1,504,010
-150,000
-9% -$686K
AFBI
10
DELISTED
Affinity Bancshares
AFBI
$4.43M 3.84%
198,842
– –
VMD icon
11
Viemed Healthcare
VMD
$343M
$3.81M 3.31%
413,691
-4,000
-1% -$33.3K
COSO
12
CoastalSouth Bancshares
COSO
$327M
$2.98M 2.59%
121,281
– –
ASLE icon
13
AerSale
ASLE
$270M
$2.86M 2.48%
460,000
-20,000
-4% -$143K
GLL icon
14
ProShares UltraShort Gold
GLL
$88.2M
$2.62M 2.28%
130,000
-95,000
-42% -$1.88M
MSOS icon
15
AdvisorShares Pure US Cannabis ETF
MSOS
$970M
$2.27M 1.97%
640,000
+245,000
+62% +$1M
JOB icon
16
GEE Group
JOB
$27.9M
$2.27M 1.97%
9,449,696
-59,041
-0.6% -$13.8K
ESOA icon
17
Energy Services of America
ESOA
$218M
$2.24M 1.94%
170,392
-29,000
-15% -$341K
JETS icon
18
US Global Jets ETF
JETS
$788M
$1.85M 1.6%
+75,000
New +$2.08M
TMF icon
19
Direxion Daily 20+ Year Treasury Bull 3X ETF
TMF
$2.26B
$1.8M 1.56%
+50,000
New +$1.9M
MAYS icon
20
J.W. Mays
MAYS
$85.1M
$1.77M 1.53%
44,431
– –
PERI icon
21
Perion Network
PERI
$378M
$1.7M 1.48%
170,279
+75,279
+79% +$682K
MNR icon
22
Mach Natural Resources
MNR
$2.1B
$1.61M 1.4%
115,000
– –
MBBC
23
Marathon Bancorp
MBBC
$45.4M
$1.46M 1.26%
107,664
– –
NECB icon
24
Northeast Community Bancorp
NECB
$363M
$1.42M 1.23%
59,500
– –
CTGO icon
25
Contango Silver & Gold Inc
CTGO
$682M
$1.34M 1.16%
71,406
– –
1
2 3

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Raffles Associates's Q1 2026 Portfolio in Review

As of Q1 2026, Raffles Associates held 59 positions worth $115M, down 14% from $133M the previous quarter. Its ten largest holdings account for 61% of the portfolio.

Raffles Associates withdrew a net $13.3M in Q1 2026, closing 10 positions and reducing 18 holdings. Its most notable exit was ProShares Ultra VIX Short-Term Futures ETF, an estimated $3.95M position sold in full.

By sector, the portfolio is most concentrated in Financials at 51% of assets, up from 43% a quarter earlier, followed by Materials and Healthcare.

Against the trend, Raffles Associates opened a new position in US Global Jets ETF worth $1.85M.

  • Raffles Associates's largest Q1 2026 buy was US Global Jets ETF: 75,000 shares worth $1.85M.
  • Raffles Associates added most to AdvisorShares Pure US Cannabis ETF in Q1 2026, an estimated $1M increase.
  • Raffles Associates's biggest Q1 2026 reduction was First Bancorp, cutting an estimated $2.17M.
  • Raffles Associates fully exited ProShares Ultra VIX Short-Term Futures ETF in Q1 2026, selling an estimated $3.95M.
  • Raffles Associates's ten largest holdings make up 61% of its $115M portfolio in Q1 2026.
  • Raffles Associates opened 5 new positions and closed 10 in Q1 2026.
  • Raffles Associates's portfolio value fell 14% quarter-over-quarter to $115M.

Based on Raffles Associates's 13F filing for Q1 2026, filed 15 May 2026.