SEC 13F Intelligence

Managers / Q4 2018 · view latest →

RAFFLES ASSOCIATES LP

CIK 0001169581 · 5 PENN PLAZA, 19TH FLOOR, NEW YORK, NY, 10001 · 212-760-2322

Reported Value
$88M
Q4 2018
Positions
45
Filings on Record
30
2019–present window
Filed
Feb 14, 2019
original filing

Summary

Raffles Associates LP reported $88M in U.S.-listed holdings across 45 positions for Q4 2018.

Its largest position, BPOP, represents 13.6% of the portfolio.

Portfolio Metrics

Top-10 Concentration
+67.1%
share of reported value
Largest Position
+13.6%
Popular

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $88MQ4 ’18Q1 ’19: $91MQ2 ’19: $97MQ3 ’19: $105MQ4 ’19: $104MQ4 ’19Q1 ’20: $55MQ2 ’20: $61MQ3 ’20: $59MQ4 ’20: $86MQ4 ’20Q1 ’21: $98MQ2 ’21: $118MQ3 ’21: $108MQ4 ’21: $104MQ4 ’21Q1 ’22: $97MQ2 ’22: $92MQ3 ’22: $94MQ4 ’22: $85MQ4 ’22Q1 ’23: $73MQ2 ’23: $74MQ3 ’23: $75MQ4 ’23: $79MQ4 ’23Q1 ’24: $86MQ2 ’24: $89MQ3 ’24: $97MQ4 ’24: $93MQ4 ’24Q1 ’25: $82MQ2 ’25: $96MQ3 ’25: $107MQ4 ’25: $133MQ4 ’25Q1 ’26: $115Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 80.8%Other: 12.8%Tracking Stk: 2.6%ADR: 1.9%ETP: 0.9%Other: 1.1%
  • Common Stock · 80.8% · $71M
  • Other · 12.8% · $11M
  • Tracking Stk · 2.6% · $2M
  • ADR · 1.9% · $2M
  • ETP · 0.9% · $749,000
  • Other · 1.1% · $962,000

Quarter-over-Quarter Changes full breakdown →

IssuerMoveShare ΔShares nowValue ΔValue now
BPOPPOPULAR INCNEW+252.4K252.4K+$12M$12M
SMBCSOUTHERN MO BANCORP INCNEW+254.0K254.0K+$9M$9M
GDP1USDGOODRICH PETE CORPNEW+608.0K608.0K+$8M$8M
STNDSTANDARD AVB FINL CORPNEW+204.1K204.1K+$6M$6M
PROVPROVIDENT FINL HLDGS INCNEW+359.4K359.4K+$6M$6M
ROANROAN RES INCNEW+576.3K576.3K+$5M$5M
AERCAP HOLDINGS NVNEW+117.7K117.7K+$5M$5M
NUVECTRA CORPNEW+213.7K213.7K+$3M$3M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2018

43 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BPOPPOPULAR INChistory →COM NEW13.60%$12M252.4K
2SMBCSOUTHERN MO BANCORP INChistory →COM9.83%$9M254.0K
3GDP1USDGOODRICH PETE CORPhistory →COM PAR9.37%$8M608.0K
4STNDSTANDARD AVB FINL CORPhistory →COM6.96%$6M204.1K
5PROVPROVIDENT FINL HLDGS INChistory →COM6.36%$6M359.4K
6ROANROAN RES INChistory →CL A COM5.51%$5M576.3K
7AERCAP HOLDINGS NVSHS5.32%$5M117.7K
8NUVECTRA CORPCOM3.99%$3M213.7K
9DELLDELL TECHNOLOGIES INChistory →CL C3.12%$3M56.0K
10NSSCNAPCO SEC TECHNOLOGIES INChistory →COM2.99%$3M166.2K
11MQ8MAG SILVER CORPhistory →COM2.77%$2M332.9K
12FWONKUSDLIBERTY MEDIA CORP DELAWARECOM C SIRIUSXM · COM A SIRIUSXM · COM SER C FRMLA2.57%$2M62.6K
13CNXCNX RESOURCES CORPORATIONhistory →COM2.41%$2M185.0K
14CBS CORP NEWCL B2.28%$2M45.6K
15MAYSMAYS J W INChistory →COM1.99%$2M44.9K
16FLYGBPFLY LEASING LTDhistory →SPONSORED ADR1.92%$2M159.3K
17CEIXEURCONSOL ENERGY INC NEWhistory →COM1.62%$1M44.9K
18HPREURHIGHPOINT RES CORPhistory →COM1.30%$1M458.0K
19FBPFIRST BANCORP P Rhistory →COM NEW1.03%$903,000105.0K
20OSGAMBAC FINL GROUP INCCOM NEW0.98%$862,00050.0K
21MITCHAM INDS INCCOM0.97%$852,000332.7K
22ACAARCOSA INCCOM0.95%$831,00030.0K
23CLBKCOLUMBIA FINL INCCOM0.87%$764,00050.0K
24BARCLAYS BK PLCIPATH B COFFEE0.86%$749,00020.0K
25AYS1SANDSTORM GOLD LTDCOM NEW0.84%$738,000160.0K
26MFNCMACKINAC FINL CORPCOM0.83%$730,00053.5K
27AMALEURAMALGAMATED BK NEW YORK N YCLASS A0.80%$702,00036.0K
28CCRCONSOL COAL RES LPCOM UNIT0.75%$659,00040.1K
29WCFBWCF BANCORP INCCOM0.74%$649,00078.7K
30LBRDKLIBERTY BROADBAND CORPCOM SER C0.74%$644,0008.9K
31PBIPUSDPRUDENTIAL BANCORP INC NEWCOM0.66%$582,00033.0K
32AGIALAMOS GOLD INC NEWCOM CL A0.62%$540,000150.0K
33AXUALEXCO RESOURCE CORPCOM0.62%$539,000573.4K
34RIVERIVERVIEW FINL CORP NEWCOM0.59%$515,00047.2K
35FORTUNA SILVER MINES INCCOM0.58%$510,000140.0K
36OTELOTELCO INCCL A NEW0.55%$485,00030.0K
37WFCWELLS FARGO CO NEWCOM0.54%$472,00010.2K
38VOXXGUSDVOXX INTL CORPCL A0.45%$396,000100.0K
39SELFGLOBAL SELF STORAGE INCCOM0.35%$303,00077.3K
40RAND CAP CORPCOM0.24%$212,00085.0K
41SVMSILVERCORP METALS INCCOM0.24%$210,000100.0K
42UBCPUNITED BANCORP INC OHIOCOM0.20%$171,00015.0K
43SYNCSYNACOR INCCOM0.08%$67,00045.1K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$115M49May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$133M54Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$107M49Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$96M48Aug 15, 202513F-HRchanges · EDGAR ↗
Q1 2025$82M43May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$93M49Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$97M48Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$89M52Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$86M51May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$79M47Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$75M46Nov 15, 202313F-HRchanges · EDGAR ↗
Q2 2023$74M45Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$73M46May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$85M47Feb 15, 202313F-HRchanges · EDGAR ↗
Q3 2022$94M50Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$92M48Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$97M45May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$104M49Feb 15, 202213F-HRchanges · EDGAR ↗
Q3 2021$108M42Nov 16, 202113F-HRchanges · EDGAR ↗
Q2 2021$118M44Aug 17, 202113F-HRchanges · EDGAR ↗
Q1 2021$98M39May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$86M37Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$59M31Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$61M39Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$55M45May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$104M50Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$105M53Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$97M52Aug 15, 201913F-HRchanges · EDGAR ↗
Q1 2019$91M50May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$88M45Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.