SEC 13F Intelligence

Managers / Q3 2019 · view latest →

RAFFLES ASSOCIATES LP

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

Reported Value
$105M
Q3 2019
Positions
53
Filings on Record
30
2019–present window
Filed
Nov 14, 2019
original filing

Summary

Raffles Associates LP reported $105M in U.S.-listed holdings across 53 positions for Q3 2019.

Its largest position, BPOP, represents 13.0% of the portfolio.

Compared with Q2 2019, the fund opened 8 new positions and exited 7.

Portfolio Metrics

Turnover
+12.3%
vs prior filed quarter
Top-10 Concentration
+66.1%
share of reported value
Largest Position
+13.0%
Popular
New / Exited
8 / 7
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
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: 77.8%Other: 10.5%ETP: 7.3%Tracking Stk: 2.5%ADR: 1.2%Other: 0.7%
  • Common Stock · 77.8% · $82M
  • Other · 10.5% · $11M
  • ETP · 7.3% · $8M
  • Tracking Stk · 2.5% · $3M
  • ADR · 1.2% · $1M
  • Other · 0.7% · $757,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
VMDVIEMED HEALTHCARE INCNEW+906.1K906.1K+$6M$6M
1S4HARBORONE BANCORP INC NEWNEW+308.8K308.8K+$3M$3M
CTRACABOT OIL & GAS CORPNEW+115.0K115.0K+$2M$2M
BBTBERKSHIRE HILLS BANCORP INCNEW+25.0K25.0K+$732,000$732,000
FIRST SEACOAST BANCORPNEW+63.6K63.6K+$596,000$596,000
NGDNNEW GOLD INC CDANEW+350.0K350.0K+$354,000$354,000
BANK OF NT BUTTERFIELD&SON LNEW+10.0K10.0K+$296,000$296,000
GCBCGREENE COUNTY BANCORP INCNEW+10.4K10.4K+$286,000$286,000

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

Holdings — Q3 2019

47 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BPOPPOPULAR INChistory →COM NEW13.01%$14M252.4K
2SMBCSOUTHERN MO BANCORP INChistory →COM8.82%$9M254.0K
3J40TPROSHARES TRhistory →PSHS ULTSH 20YRS7.31%$8M315.0K
4PROVPROVIDENT FINL HLDGS INChistory →COM7.08%$7M357.9K
5GDP1USDGOODRICH PETE CORPhistory →COM PAR6.16%$6M608.0K
6AERCAP HOLDINGS NVSHS6.14%$6M117.7K
7VMDVIEMED HEALTHCARE INChistory →COM5.96%$6M906.1K
8STNDSTANDARD AVB FINL CORPhistory →COM5.25%$6M204.1K
9MQ8MAG SILVER CORPhistory →COM3.27%$3M322.9K
10NSSCNAPCO SEC TECHNOLOGIES INChistory →COM3.11%$3M127.7K
111S4HARBORONE BANCORP INC NEWhistory →COM NEW2.96%$3M308.8K
12FWONKUSDLIBERTY MEDIA CORP DELAWARECOM C SIRIUSXM · COM A SIRIUSXM · COM SER C FRMLA2.49%$3M62.6K
13ROANROAN RES INChistory →CL A COM2.40%$3M2.05M
14CTRACABOT OIL & GAS CORPhistory →COM1.93%$2M115.0K
15CBS CORP NEWCL B1.92%$2M50.0K
16MAYSMAYS J W INChistory →COM1.67%$2M44.9K
17CLBKCOLUMBIA FINL INChistory →COM1.64%$2M108.9K
18CNXCNX RESOURCES CORPORATIONhistory →COM1.49%$2M215.0K
19FLYGBPFLY LEASING LTDhistory →SPONSORED ADR1.21%$1M62.1K
20LBRDKLIBERTY BROADBAND CORPCOM SER C · COM SER A1.16%$1M11.6K
21MITCHAM INDS INCCOM1.03%$1M332.7K
22ACAARCOSA INCCOM0.98%$1M30.0K
23OSGAMBAC FINL GROUP INCCOM NEW0.93%$978,00050.0K
24CEIXEURCONSOL ENERGY INC NEWCOM0.89%$936,00059.9K
25AXUALEXCO RESOURCE CORPCOM0.86%$905,000523.4K
26MFNCMACKINAC FINL CORPCOM0.79%$827,00053.5K
27SYNCSYNACOR INCCOM0.74%$773,000551.8K
28BBTBERKSHIRE HILLS BANCORP INCCOM0.70%$732,00025.0K
29FBPFIRST BANCORP P RCOM NEW0.62%$649,00065.0K
30HPREURHIGHPOINT RES CORPCOM0.58%$604,000380.1K
31FIRST SEACOAST BANCORPCOM0.57%$596,00063.6K
32WCFBWCF BANCORP INCCOM0.57%$594,00071.7K
33PBIPUSDPRUDENTIAL BANCORP INC NEWCOM0.54%$562,00033.0K
34CCRCONSOL COAL RES LPCOM UNIT0.52%$550,00040.7K
35SVMSILVERCORP METALS INCCOM0.46%$486,000125.0K
36VOXXGUSDVOXX INTL CORPCL A0.45%$470,000100.0K
37NUVECTRA CORPCOM0.43%$447,000328.7K
38FORTUNA SILVER MINES INCCOM0.41%$433,000140.0K
39AMALEURAMALGAMATED BK NEW YORK N YCLASS A0.40%$417,00026.0K
40NGDNNEW GOLD INC CDACOM0.34%$354,000350.0K
41OTELOTELCO INCCL A NEW0.33%$347,00030.0K
42LONEEURLONESTAR RES US INCCL A VTG0.30%$311,000114.5K
43AUG1EURAURYN RES INCCOM0.30%$310,000250.0K
44BANK OF NT BUTTERFIELD&SON LSHS NEW0.28%$296,00010.0K
45GCBCGREENE COUNTY BANCORP INCCOM0.27%$286,00010.4K
46AYS1SANDSTORM GOLD LTDCOM NEW0.24%$254,00045.0K
47180 DEGREE CAP CORPCOM0.20%$207,00097.0K

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 ↗.