Raffles Associates

Name Raffles Associates as of Dec. 31, 2010

Portfolio Holdings for Name Raffles Associates

Name Raffles Associates holds 76 positions in its portfolio as reported in the December 2010 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
PowerShares DB US Dollar Index Bullish 8.3 $14M 600k 22.71
Alexco Resource Corp 6.0 $9.9M 1.2M 8.25
Mountain Province Diamonds (MPVDF) 5.3 $8.7M 1.3M 6.54
CONSOL Energy 4.4 $7.3M 150k 48.74
ATP Oil & Gas Corporation 4.0 $6.6M 396k 16.74
Mag Silver Corp (MAG) 3.5 $5.8M 463k 12.46
Provident Financial Holdings (PROV) 2.8 $4.7M 646k 7.24
Aercap Holdings Nv Ord Cmn (AER) 2.7 $4.4M 313k 14.12
Vishay Precision (VPG) 2.6 $4.3M 230k 18.84
America Service (ASGR) 2.6 $4.3M 283k 15.14
Arlington Asset Investment 2.4 $4.0M 167k 23.99
GeoEye 2.2 $3.6M 85k 42.39
Sonde Resources 1.9 $3.1M 858k 3.66
Gastar Exploration 1.9 $3.1M 719k 4.30
Oritani Financial 1.9 $3.1M 250k 12.24
ADR Deutsche Bk Ag Ldn ps gold ds (DZZ) 1.8 $3.0M 375k 7.98
Toreador Resources Corporation 1.8 $3.0M 190k 15.52
Red Lion Hotels Corporation 1.7 $2.8M 353k 7.98
SPDR Gold Trust (GLD) 1.7 $2.8M 20k 138.70
Oba Financial Services 1.6 $2.6M 191k 13.82
Penn Virginia Corporation 1.5 $2.5M 150k 16.82
Chesapeake Lodging Trust sh ben int 1.3 $2.2M 114k 18.81
Fronteer Gold 1.3 $2.1M 181k 11.69
United States Natural Gas Fund 1.3 $2.1M 350k 5.99
Brigus Gold Corp 1.3 $2.1M 995k 2.11
Mercer Insurance (MIGP) 1.2 $2.0M 73k 27.98
Lkd Barclays Bk Plc Ipath S&p Etn etf 1.2 $2.0M 30k 65.77
Southern Missouri Ban (SMBC) 1.2 $2.0M 115k 17.25
Liberty Media 1.2 $1.9M 31k 62.54
Rentrak Corporation 1.2 $1.9M 64k 30.16
U.S. Energy 1.2 $1.9M 318k 6.08
Winthrop Realty Trust 1.1 $1.9M 146k 12.79
HF Financial 1.1 $1.8M 171k 10.80
Peoples Federal Bancshares 1.1 $1.8M 142k 13.01
American Independence 1.0 $1.7M 345k 4.85
Jpmorgan Chase & Co. w exp 10/201 1.0 $1.6M 110k 14.45
Platinum Group Metals 0.9 $1.6M 589k 2.67
Liberty Global 0.9 $1.5M 46k 33.90
Globecomm Systems 0.9 $1.5M 150k 10.00
Bank Of America Corp w exp 10/201 0.9 $1.5M 550k 2.67
Liberty Global 0.9 $1.5M 41k 35.38
Gulf Island Fabrication (GIFI) 0.8 $1.4M 50k 28.18
Omega Protein Corporation 0.8 $1.4M 171k 8.10
Wts Wells Fargo & Co. 0.8 $1.4M 125k 11.11
Reis 0.8 $1.4M 195k 7.00
Korea Electric Power Corporation (KEP) 0.8 $1.4M 100k 13.51
Preferred Bank 0.8 $1.2M 700k 1.76
Ocean Shore Holding 0.7 $1.1M 100k 11.45
Colonial Financial Services 0.7 $1.1M 87k 12.20
Pacific Premier Ban (PPBI) 0.6 $1.0M 161k 6.29
Aircastle 0.6 $966k 92k 10.46
Nevsun Res 0.6 $932k 125k 7.47
SK Tele 0.6 $932k 50k 18.64
J.W. Mays (MAYS) 0.6 $922k 55k 16.88
BankFinancial Corporation (BFIN) 0.6 $901k 92k 9.75
MedQuist (MEDQ) 0.5 $833k 96k 8.65
SandRidge Energy 0.4 $732k 100k 7.32
Furiex Pharmaceuticals 0.4 $723k 50k 14.46
Kodiak Oil & Gas 0.4 $660k 100k 6.60
Fly Leasing 0.4 $663k 49k 13.67
GS Financial (GSLA) 0.4 $606k 68k 8.91
Napco Security Systems (NSSC) 0.3 $579k 329k 1.76
Polymet Mining Corp 0.3 $546k 228k 2.39
Willis Lease Finance Corporation (WLFC) 0.3 $552k 42k 13.03
Korea (KF) 0.3 $442k 10k 44.20
Avalon Holdings Corporation (AWX) 0.2 $406k 149k 2.73
BCSB Ban 0.2 $394k 35k 11.26
FBR Capital Markets Corporation 0.2 $382k 100k 3.82
Vicon Industries 0.2 $319k 71k 4.49
Orbcomm 0.2 $287k 111k 2.59
D Banro Corp warrant 0.1 $243k 135k 1.80
First PacTrust Ban 0.1 $227k 17k 13.27
Crimson Exploration 0.1 $176k 41k 4.27
Park Ban (PFED) 0.1 $140k 39k 3.59
Presidential Realty Corporation (PDNLB) 0.0 $73k 45k 1.64
Fidelity Ban (FSBI) 0.0 $71k 12k 5.92