Raffles Associates

Name Raffles Associates as of June 30, 2011

Portfolio Holdings for Name Raffles Associates

Name Raffles Associates holds 80 positions in its portfolio as reported in the June 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Alexco Resource Corp 5.7 $8.4M 1.2M 6.99
Red Lion Hotels Corporation 5.3 $7.8M 988k 7.90
Mountain Province Diamonds (MPVDF) 5.1 $7.5M 1.4M 5.44
CONSOL Energy 5.0 $7.3M 150k 48.48
ATP Oil & Gas Corporation 4.7 $6.8M 446k 15.31
Provident Financial Holdings (PROV) 3.6 $5.3M 671k 7.93
Barclays Bk Plc ipth s^p vix 3.6 $5.3M 250k 21.14
Arlington Asset Investment 3.5 $5.2M 164k 31.39
Mag Silver Corp (MAG) 3.1 $4.6M 463k 10.00
Aercap Holdings Nv Ord Cmn (AER) 2.8 $4.1M 313k 13.01
PowerShares DB US Dollar Index Bullish 2.8 $4.0M 190k 21.22
Vishay Precision (VPG) 2.6 $3.9M 230k 16.88
Standard Financial 2.5 $3.6M 240k 15.20
GeoEye 2.4 $3.6M 95k 37.40
HudBay Minerals (HBM) 2.1 $3.0M 203k 14.95
Oba Financial Services 1.9 $2.8M 191k 14.80
Liberty Media 1.8 $2.7M 31k 85.77
Southern Missouri Ban (SMBC) 1.7 $2.6M 123k 20.78
Gastar Exploration 1.7 $2.5M 719k 3.43
Oritani Financial 1.6 $2.3M 183k 12.79
Citigroup (C) 1.4 $2.1M 50k 41.64
American Independence 1.4 $2.0M 345k 5.80
Peoples Federal Bancshares 1.4 $2.0M 142k 14.08
Reis 1.3 $1.9M 195k 9.93
Globecomm Systems 1.3 $1.9M 119k 15.56
HF Financial 1.3 $1.8M 171k 10.82
Jpmorgan Chase & Co. w exp 10/201 1.2 $1.8M 135k 13.47
Sonde Resources 1.2 $1.8M 573k 3.17
Chesapeake Lodging Trust sh ben int 1.2 $1.8M 104k 17.06
Winthrop Realty Trust 1.2 $1.7M 146k 11.94
Swisher Hygiene 1.0 $1.4M 252k 5.63
GS Financial (GSLA) 1.0 $1.4M 68k 20.80
U.S. Energy 0.9 $1.4M 318k 4.27
American Intl Group 0.9 $1.3M 125k 10.20
Medquist Hldgs 0.8 $1.2M 96k 12.92
Ocean Shore Holding 0.8 $1.2M 100k 12.08
Aircastle 0.8 $1.2M 92k 12.72
Wts Wells Fargo & Co. 0.8 $1.2M 125k 9.31
Rentrak Corporation 0.8 $1.1M 64k 17.75
Northern Oil & Gas 0.8 $1.1M 50k 22.16
Colonial Financial Services 0.8 $1.1M 87k 12.65
J.W. Mays (MAYS) 0.7 $1.0M 55k 18.80
Pacific Premier Ban (PPBI) 0.7 $1.0M 161k 6.40
Platinum Group Metals 0.7 $1.0M 589k 1.74
Wolverine Bancorp 0.7 $994k 68k 14.70
Penn Virginia Corporation 0.7 $991k 75k 13.21
Rockville Financial 0.7 $974k 98k 9.90
Bank Of America Corp w exp 10/201 0.7 $957k 550k 1.74
Napco Security Systems (NSSC) 0.6 $942k 317k 2.97
Furiex Pharmaceuticals 0.6 $890k 50k 17.80
Nevsun Res 0.6 $877k 145k 6.06
Advantage Oil & Gas 0.5 $793k 100k 7.93
Triangle Petroleum Corporation 0.5 $727k 113k 6.46
ADR Deutsche Bk Ag Ldn ps gold ds (DZZ) 0.5 $691k 100k 6.91
Toreador Resources Corporation 0.5 $669k 180k 3.71
Apple (AAPL) 0.4 $653k 350.00 1865.71
Fly Leasing 0.4 $642k 49k 13.24
BankFinancial Corporation (BFIN) 0.4 $580k 68k 8.48
Kodiak Oil & Gas 0.4 $577k 100k 5.77
Banro Corp 0.4 $570k 150k 3.80
Willis Lease Finance Corporation (WLFC) 0.4 $565k 42k 13.34
BCSB Ban 0.3 $493k 35k 14.09
Avalon Holdings Corporation (AWX) 0.3 $405k 149k 2.72
Vicon Industries 0.3 $403k 103k 3.90
Polymet Mining Corp 0.3 $375k 228k 1.64
SPDR Gold Trust (GLD) 0.2 $352k 700.00 502.86
ProShares UltraShort 20+ Year Trea 0.2 $345k 10k 34.50
FBR Capital Markets Corporation 0.2 $340k 100k 3.40
Orbcomm 0.2 $332k 106k 3.13
First PacTrust Ban 0.2 $254k 17k 14.85
D Banro Corp warrant 0.1 $214k 135k 1.59
Alliance Bancorp Inc Pa 0.1 $220k 20k 11.00
Beacon Federal Ban (BFED) 0.1 $169k 12k 13.85
Brigus Gold Corp 0.1 $173k 105k 1.65
Command Security Corporation 0.1 $169k 100k 1.69
Crimson Exploration 0.1 $146k 41k 3.54
Park Ban (PFED) 0.1 $128k 39k 3.29
Fidelity Ban (FSBI) 0.1 $131k 12k 10.92
Oconee Fed Finl Corp (OFED) 0.1 $137k 12k 11.96
Presidential Realty Corporation (PDNLB) 0.0 $57k 4.6k 12.39