Managers / Q4 2019 · view latest →
RAFFLES ASSOCIATES LP
CIK 0001169581 · 5 PENN PLAZA, 19TH FLOOR, NEW YORK, NY, 10001 · 212-760-2322
Summary
Raffles Associates LP reported $104M in U.S.-listed holdings across 50 positions for Q4 2019.
Its largest position, BPOP, represents 11.6% of the portfolio.
Compared with Q3 2019, the fund opened 11 new positions and exited 14.
Portfolio Metrics
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 92.0% · $96M
- Other · 5.6% · $6M
- ADR · 1.2% · $1M
- Tracking Stk · 0.4% · $411,000
- MLP · 0.4% · $383,000
- Other · 0.5% · $478,000
Quarter-over-Quarter Changes full breakdown →
vs Q3 2019 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| FDXFEDEX CORP | NEW | +35.0K | 35.0K | +$5M | $5M |
| ETF MANAGERS TR | NEW | +170.0K | 170.0K | +$3M | $3M |
| VIACOMCBS INC | NEW | +50.1K | 50.1K | +$2M | $2M |
| ABXBARRICK GOLD CORPORATION | NEW | +100.0K | 100.0K | +$2M | $2M |
| PARSLEY ENERGY INC | NEW | +50.0K | 50.0K | +$946,000 | $946,000 |
| BARCLAYS BK PLC | NEW | +60.1K | 60.1K | +$909,000 | $909,000 |
| TWITTER INC | NEW | +25.0K | 25.0K | +$801,000 | $801,000 |
| WMBWILLIAMS COS INC DEL | NEW | +15.0K | 15.0K | +$356,000 | $356,000 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2019
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | BPOPPOPULAR INChistory → | COM NEW | 11.63% | $12M | 205.8K |
| 2 | SMBCSOUTHERN MO BANCORP INChistory → | COM | 9.37% | $10M | 254.0K |
| 3 | PROVPROVIDENT FINL HLDGS INChistory → | COM | 7.50% | $8M | 355.9K |
| 4 | AERAERCAP HOLDINGS NVhistory → | SHS | 6.96% | $7M | 117.7K |
| 5 | STNDSTANDARD AVB FINL CORPhistory → | COM | 5.88% | $6M | 204.1K |
| 6 | GOODRICH PETE CORP | COM PAR | 5.82% | $6M | 603.0K |
| 7 | VMDVIEMED HEALTHCARE INChistory → | COM | 5.37% | $6M | 892.3K |
| 8 | FDXFEDEX CORPhistory → | COM | 5.09% | $5M | 35.0K |
| 9 | MAG SILVER CORP | COM | 3.68% | $4M | 322.9K |
| 10 | HARBORONE BANCORP INC NEW | COM NEW | 3.53% | $4M | 333.8K |
| 11 | LIBERTY MEDIA CORP DELAWARE | COM C SIRIUSXM · COM A SIRIUSXM · COM SER C FRMLA | 2.88% | $3M | 62.6K |
| 12 | NSSCNAPCO SEC TECHNOLOGIES INChistory → | COM | 2.87% | $3M | 101.7K |
| 13 | ETF MANAGERS TR | ETFMG ALTR HRVST | 2.80% | $3M | 170.0K |
| 14 | CTRACABOT OIL & GAS CORPhistory → | COM | 2.09% | $2M | 125.0K |
| 15 | VIACOMCBS INC | CL B | 2.02% | $2M | 50.1K |
| 16 | CNXCNX RESOURCES CORPORATIONhistory → | COM | 1.83% | $2M | 215.0K |
| 17 | ABXBARRICK GOLD CORPORATIONhistory → | COM | 1.79% | $2M | 100.0K |
| 18 | SYNCSYNACOR INChistory → | COM | 1.35% | $1M | 920.7K |
| 19 | MAYSMAYS J W INChistory → | COM | 1.33% | $1M | 44.9K |
| 20 | FLY LEASING LTD | SPONSORED ADR | 1.17% | $1M | 62.1K |
| 21 | AXUALEXCO RESOURCE CORPhistory → | COM | 1.17% | $1M | 523.4K |
| 22 | CONSOL ENERGY INC NEW | COM | 1.06% | $1M | 76.0K |
| 23 | OSGAMBAC FINL GROUP INChistory → | COM NEW | 1.04% | $1M | 50.0K |
| 24 | MITCHAM INDS INC | COM | 0.92% | $955,000 | 332.7K |
| 25 | PARSLEY ENERGY INC | CL A | 0.91% | $946,000 | 50.0K |
| 26 | BARCLAYS BK PLC | IPATH B SHRT TRM | 0.87% | $909,000 | 60.1K |
| 27 | ACAARCOSA INC | COM | 0.86% | $891,000 | 20.0K |
| 28 | MFNCMACKINAC FINL CORP | COM | 0.81% | $846,000 | 48.5K |
| 29 | TWITTER INC | COM | 0.77% | $801,000 | 25.0K |
| 30 | FBPFIRST BANCORP P R | COM NEW | 0.66% | $688,000 | 65.0K |
| 31 | PRUDENTIAL BANCORP INC NEW | COM | 0.59% | $612,000 | 33.0K |
| 32 | FIRST SEACOAST BANCORP | COM | 0.58% | $600,000 | 63.6K |
| 33 | FORTUNA SILVER MINES INC | COM | 0.55% | $571,000 | 140.0K |
| 34 | HIGHPOINT RES CORP | COM | 0.54% | $558,000 | 330.1K |
| 35 | VOXX INTL CORP | CL A | 0.42% | $438,000 | 100.0K |
| 36 | CONSOL COAL RES LP | COM UNIT | 0.37% | $383,000 | 40.7K |
| 37 | AURYN RES INC | COM | 0.35% | $360,000 | 250.0K |
| 38 | WMBWILLIAMS COS INC DEL | COM | 0.34% | $356,000 | 15.0K |
| 39 | PROVIDENT BANCORP INC | COM NEW | 0.30% | $311,000 | 25.0K |
| 40 | GCBCGREENE COUNTY BANCORP INC | COM | 0.29% | $301,000 | 10.4K |
| 41 | OTELOTELCO INC | CL A NEW | 0.29% | $300,000 | 30.0K |
| 42 | LONESTAR RES US INC | CL A VTG | 0.29% | $299,000 | 114.5K |
| 43 | SELFGLOBAL SELF STORAGE INC | COM | 0.26% | $269,000 | 62.7K |
| 44 | OREUROSISKO GOLD ROYALTIES LTD | COM | 0.23% | $243,000 | 25.0K |
| 45 | UBCPUNITED BANCORP INC OHIO | COM | 0.21% | $214,000 | 15.0K |
| 46 | 180 DEGREE CAP CORP | COM | 0.20% | $209,000 | 97.0K |
| 47 | RAND CAP CORP | COM | 0.10% | $107,000 | 40.0K |
| 48 | CHAPQCHAPARRAL ENERGY INC | COM CL A | 0.07% | $69,000 | 39.2K |
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 ↗.