Raffles Associates

Name Raffles Associates as of Sept. 30, 2011

Portfolio Holdings for Name Raffles Associates

Name Raffles Associates holds 77 positions in its portfolio as reported in the September 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
SPDR Gold Trust (GLD) 16.9 $24M 150k 158.06
Alexco Resource Corp 5.8 $8.2M 1.2M 6.81
Red Lion Hotels Corporation 4.7 $6.6M 988k 6.71
Provident Financial Holdings (PROV) 4.2 $5.9M 671k 8.74
Mountain Province Diamonds (MPVDF) 4.0 $5.6M 1.4M 4.06
CONSOL Energy 3.9 $5.4M 160k 33.93
ADR Deutsche Bk Ag Ldn ps gold ds (DZZ) 3.4 $4.8M 900k 5.28
ATP Oil & Gas Corporation 3.3 $4.6M 596k 7.71
Arlington Asset Investment 2.8 $4.0M 164k 24.05
iShares Barclays 20+ Yr Treas.Bond (TLT) 2.6 $3.6M 30k 120.80
Standard Financial 2.5 $3.5M 240k 14.71
Mag Silver Corp (MAG) 2.5 $3.4M 438k 7.85
PowerShares DB US Dollar Index Bullish 2.2 $3.1M 140k 22.31
Aercap Holdings Nv Ord Cmn (AER) 2.2 $3.1M 313k 9.92
Vishay Precision (VPG) 2.2 $3.0M 230k 13.18
Oba Financial Services 2.0 $2.8M 191k 14.66
GeoEye 1.9 $2.6M 93k 28.35
Southern Missouri Ban (SMBC) 1.8 $2.5M 123k 20.60
Gastar Exploration 1.3 $1.9M 619k 3.00
American Independence 1.3 $1.8M 363k 4.88
Reis 1.2 $1.7M 195k 8.87
Barclays Bk Plc ipth s^p vix 1.1 $1.6M 30k 53.37
Peoples Federal Bancshares 1.1 $1.5M 117k 12.90
Globecomm Systems 1.1 $1.5M 110k 13.51
Jpmorgan Chase & Co. w exp 10/201 1.1 $1.5M 160k 9.31
HF Financial 1.0 $1.5M 171k 8.58
Yahoo! 0.9 $1.3M 100k 13.16
Sonde Resources 0.9 $1.3M 573k 2.29
Chesapeake Lodging Trust sh ben int 0.9 $1.3M 104k 12.07
HudBay Minerals (HBM) 0.8 $1.2M 128k 9.36
Apple (AAPL) 0.8 $1.2M 1.4k 868.15
Colonial Financial Services 0.8 $1.1M 87k 12.35
Ocean Shore Holding 0.8 $1.1M 100k 10.71
Direxion Shs Etf Tr dly smcap bear3x 0.8 $1.1M 20k 52.95
Swisher Hygiene 0.7 $1.0M 252k 4.05
Winthrop Realty Trust 0.7 $997k 115k 8.69
Wts Wells Fargo & Co. 0.7 $964k 125k 7.71
J.W. Mays (MAYS) 0.7 $952k 55k 17.43
Pacific Premier Ban (PPBI) 0.7 $961k 161k 5.98
Wolverine Bancorp 0.7 $950k 68k 14.05
Banro Corp 0.7 $928k 235k 3.95
Rockville Financial 0.7 $933k 98k 9.48
American Intl Group 0.7 $918k 150k 6.12
Aircastle 0.6 $879k 92k 9.52
Rentrak Corporation 0.6 $802k 64k 12.58
U.S. Energy 0.5 $735k 318k 2.31
Medquist Hldgs 0.5 $728k 96k 7.56
Napco Security Systems (NSSC) 0.5 $703k 307k 2.29
Magnum Hunter Resources Corporation 0.5 $662k 200k 3.31
Furiex Pharmaceuticals 0.5 $641k 45k 14.23
Platinum Group Metals 0.5 $636k 589k 1.08
Naugatuck Vy Finl Corp 0.5 $639k 82k 7.76
PetroQuest Energy 0.4 $550k 100k 5.50
Toreador Resources Corporation 0.4 $554k 180k 3.07
Fly Leasing 0.4 $551k 49k 11.36
Willis Lease Finance Corporation (WLFC) 0.3 $481k 42k 11.35
BankFinancial Corporation (BFIN) 0.3 $454k 68k 6.63
BCSB Ban 0.3 $416k 35k 11.89
Triangle Petroleum Corporation 0.3 $404k 113k 3.59
Vicon Industries 0.2 $347k 103k 3.36
Bank Of America Corp w exp 10/201 0.2 $340k 400k 0.85
Avalon Holdings Corporation (AWX) 0.2 $333k 149k 2.24
Preferred Bank, Los Angeles (PFBC) 0.2 $276k 35k 7.94
Orbcomm 0.2 $257k 101k 2.55
Polymet Mining Corp 0.2 $219k 178k 1.23
Alliance Bancorp Inc Pa 0.1 $212k 20k 10.60
ProShares UltraShort 20+ Year Trea 0.1 $194k 10k 19.40
First PacTrust Ban 0.1 $194k 17k 11.34
Beacon Federal Ban (BFED) 0.1 $163k 12k 13.36
Oconee Fed Finl Corp (OFED) 0.1 $132k 12k 11.53
Park Ban (PFED) 0.1 $108k 39k 2.77
Fidelity Ban (FSBI) 0.1 $111k 12k 9.25
Crimson Exploration 0.1 $89k 41k 2.16
Command Security Corporation 0.1 $86k 50k 1.72
Crossroads Systems 0.1 $82k 16k 5.29
Presidential Realty Corporation (PDNLB) 0.0 $40k 45k 0.90
Independence Holding Company 0.0 $10k 1.4k 7.05