Managers / Q2 2019 · view latest →
RAFFLES ASSOCIATES LP
CIK 0001169581 · 5 PENN PLAZA, 19TH FLOOR, NEW YORK, NY, 10001 · 212-760-2322
Reported Value
$97M
Q2 2019
Positions
52
Filings on Record
30
2019–present window
Filed
Aug 15, 2019
original filing
Summary
Raffles Associates LP reported $97M in U.S.-listed holdings across 52 positions for Q2 2019.
Its largest position, BPOP, represents 14.1% of the portfolio.
Compared with Q1 2019, the fund opened 5 new positions and exited 3.
Portfolio Metrics
Turnover
+6.4%
vs prior filed quarter
Top-10 Concentration
+65.9%
share of reported value
Largest Position
+14.1%
Popular
New / Exited
5 / 3
positions this quarter
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
Portfolio Composition
By security type
- Common Stock · 77.6% · $76M
- Other · 12.3% · $12M
- ETP · 4.0% · $4M
- ADR · 2.7% · $3M
- Tracking Stk · 2.4% · $2M
- Other · 1.0% · $937,000
Quarter-over-Quarter Changes full breakdown →
vs Q1 2019 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| J40TPROSHARES TR | NEW | +135.0K | 135.0K | +$4M | $4M |
| ARANTERO RES CORP | NEW | +150.0K | 150.0K | +$830,000 | $830,000 |
| ENCANA CORP | NEW | +100.0K | 100.0K | +$513,000 | $513,000 |
| AUG1EURAURYN RES INC | NEW | +250.0K | 250.0K | +$428,000 | $428,000 |
| CHAPQCHAPARRAL ENERGY INC | NEW | +49.2K | 49.2K | +$232,000 | $232,000 |
| ROANROAN RES INC | ADDED | +1.32M | 1.89M | −$195,000 | $3M |
| LONEEURLONESTAR RES US INC | ADDED | +64.5K | 114.5K | +$62,000 | $262,000 |
| CLBKCOLUMBIA FINL INC | ADDED | +58.9K | 108.9K | +$860,000 | $2M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2019
47 positions
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | BPOPPOPULAR INChistory → | COM NEW | 14.06% | $14M | 252.4K |
| 2 | SMBCSOUTHERN MO BANCORP INChistory → | COM | 9.08% | $9M | 254.0K |
| 3 | GDP1USDGOODRICH PETE CORPhistory → | COM PAR | 8.11% | $8M | 608.0K |
| 4 | PROVPROVIDENT FINL HLDGS INChistory → | COM | 7.71% | $8M | 357.9K |
| 5 | AERCAP HOLDINGS NV | SHS | 6.29% | $6M | 117.7K |
| 6 | STNDSTANDARD AVB FINL CORPhistory → | COM | 5.75% | $6M | 204.1K |
| 7 | J40TPROSHARES TRhistory → | PSHS ULTSH 20YRS | 4.01% | $4M | 135.0K |
| 8 | NSSCNAPCO SEC TECHNOLOGIES INChistory → | COM | 3.89% | $4M | 127.7K |
| 9 | MQ8MAG SILVER CORPhistory → | COM | 3.60% | $4M | 332.9K |
| 10 | ROANROAN RES INChistory → | CL A COM | 3.37% | $3M | 1.89M |
| 11 | CBS CORP NEW | CL B | 2.85% | $3M | 55.6K |
| 12 | FLYGBPFLY LEASING LTDhistory → | SPONSORED ADR | 2.67% | $3M | 149.3K |
| 13 | FWONKUSDLIBERTY MEDIA CORP DELAWARE | COM C SIRIUSXM · COM A SIRIUSXM · COM SER C FRMLA | 2.43% | $2M | 62.6K |
| 14 | CNXCNX RESOURCES CORPORATIONhistory → | COM | 1.76% | $2M | 235.0K |
| 15 | CLBKCOLUMBIA FINL INChistory → | COM | 1.69% | $2M | 108.9K |
| 16 | MAYSMAYS J W INChistory → | COM | 1.57% | $2M | 44.9K |
| 17 | MITCHAM INDS INC | COM | 1.35% | $1M | 332.7K |
| 18 | LBRDKLIBERTY BROADBAND CORP | COM SER C · COM SER A | 1.24% | $1M | 11.6K |
| 19 | CEIXEURCONSOL ENERGY INC NEWhistory → | COM | 1.23% | $1M | 44.9K |
| 20 | NUVECTRA CORP | COM | 1.13% | $1M | 328.7K |
| 21 | DELLDELL TECHNOLOGIES INChistory → | CL C | 1.09% | $1M | 21.0K |
| 22 | FBPFIRST BANCORP P Rhistory → | COM NEW | 1.02% | $994,000 | 90.0K |
| 23 | ACAARCOSA INC | COM | 0.97% | $941,000 | 25.0K |
| 24 | AGIALAMOS GOLD INC NEW | COM CL A | 0.93% | $908,000 | 150.0K |
| 25 | MFNCMACKINAC FINL CORP | COM | 0.87% | $845,000 | 53.5K |
| 26 | OSGAMBAC FINL GROUP INC | COM NEW | 0.86% | $842,000 | 50.0K |
| 27 | ARANTERO RES CORP | COM | 0.85% | $830,000 | 150.0K |
| 28 | AYS1SANDSTORM GOLD LTD | COM NEW | 0.68% | $665,000 | 120.0K |
| 29 | AXUALEXCO RESOURCE CORP | COM | 0.67% | $654,000 | 573.4K |
| 30 | WCFBWCF BANCORP INC | COM | 0.66% | $643,000 | 78.7K |
| 31 | PBIPUSDPRUDENTIAL BANCORP INC NEW | COM | 0.64% | $625,000 | 33.0K |
| 32 | CCRCONSOL COAL RES LP | COM UNIT | 0.60% | $586,000 | 35.1K |
| 33 | ENCANA CORP | COM | 0.53% | $513,000 | 100.0K |
| 34 | RIVERIVERVIEW FINL CORP NEW | COM | 0.51% | $496,000 | 47.2K |
| 35 | SRC ENERGY INC | COM | 0.51% | $496,000 | 100.0K |
| 36 | HPREURHIGHPOINT RES CORP | COM | 0.50% | $488,000 | 268.0K |
| 37 | SYNCSYNACOR INC | COM | 0.50% | $484,000 | 310.5K |
| 38 | OTELOTELCO INC | CL A NEW | 0.49% | $482,000 | 30.0K |
| 39 | AMALEURAMALGAMATED BK NEW YORK N Y | CLASS A | 0.47% | $454,000 | 26.0K |
| 40 | AUG1EURAURYN RES INC | COM | 0.44% | $428,000 | 250.0K |
| 41 | VOXXGUSDVOXX INTL CORP | CL A | 0.43% | $416,000 | 100.0K |
| 42 | FORTUNA SILVER MINES INC | COM | 0.41% | $399,000 | 140.0K |
| 43 | SVMSILVERCORP METALS INC | COM | 0.38% | $369,000 | 150.0K |
| 44 | LONEEURLONESTAR RES US INC | CL A VTG | 0.27% | $262,000 | 114.5K |
| 45 | SELFGLOBAL SELF STORAGE INC | COM | 0.26% | $253,000 | 67.3K |
| 46 | CHAPQCHAPARRAL ENERGY INC | COM CL A | 0.24% | $232,000 | 49.2K |
| 47 | UBCPUNITED BANCORP INC OHIO | COM | 0.17% | $169,000 | 15.0K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $115M | 49 | May 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $133M | 54 | Feb 17, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $107M | 49 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $96M | 48 | Aug 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $82M | 43 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $93M | 49 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $97M | 48 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $89M | 52 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $86M | 51 | May 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $79M | 47 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $75M | 46 | Nov 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $74M | 45 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $73M | 46 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $85M | 47 | Feb 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $94M | 50 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $92M | 48 | Aug 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $97M | 45 | May 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $104M | 49 | Feb 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $108M | 42 | Nov 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $118M | 44 | Aug 17, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $98M | 39 | May 17, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $86M | 37 | Feb 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $59M | 31 | Nov 16, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $61M | 39 | Aug 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $55M | 45 | May 15, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $104M | 50 | Feb 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $105M | 53 | Nov 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $97M | 52 | Aug 15, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $91M | 50 | May 15, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $88M | 45 | Feb 14, 2019 | 13F-HR | changes · 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 ↗.