SEC 13F Intelligence

Managers / Q1 2020 · view latest →

RAFFLES ASSOCIATES LP

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

Reported Value
$55M
Q1 2020
Positions
45
Filings on Record
30
2019–present window
Filed
May 15, 2020
original filing

Summary

Raffles Associates LP reported $55M in U.S.-listed holdings across 45 positions for Q1 2020.

Its largest position, BPOP, represents 13.1% of the portfolio.

Compared with Q4 2019, the fund opened 5 new positions and exited 10.

Portfolio Metrics

Turnover
+2.6%
vs prior filed quarter
Top-10 Concentration
+70.8%
share of reported value
Largest Position
+13.1%
Popular
New / Exited
5 / 10
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: 87.3%Other: 7.5%Tracking Stk: 3.5%ADR: 0.7%MLP: 0.4%Other: 0.5%
  • Common Stock · 87.3% · $48M
  • Other · 7.5% · $4M
  • Tracking Stk · 3.5% · $2M
  • ADR · 0.7% · $367,000
  • MLP · 0.4% · $232,000
  • Other · 0.5% · $277,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AEMAGNICO EAGLE MINES LTDNEW+10.0K10.0K+$398,000$398,000
WOOFOOT LOCKER INCNEW+10.0K10.0K+$220,000$220,000
QUMUEURQUMU CORPNEW+100.0K100.0K+$166,000$166,000
SVMSILVERCORP METALS INCNEW+50.0K50.0K+$164,000$164,000
AWXAVALON HLDGS CORPNEW+70.0K70.0K+$90,000$90,000
OSISKO GOLD ROYALTIES LTDADDED+150.0K175.0K+$1M$1M
VIACOMCBS INCADDED+90.0K140.1K−$139,000$2M
FDXFEDEX CORPSOLD OUT−35.0K0−$5M$0

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

Holdings — Q1 2020

43 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BPOPPOPULAR INChistory →COM NEW13.12%$7M205.8K
2SMBCSOUTHERN MO BANCORP INChistory →COM10.54%$6M238.4K
3PROVPROVIDENT FINL HLDGS INChistory →COM9.88%$5M355.9K
4STNDSTANDARD AVB FINL CORPhistory →COM7.87%$4M204.1K
5VMDVIEMED HEALTHCARE INChistory →COM7.73%$4M902.3K
6AERCAP HOLDINGS NVSHS5.51%$3M132.7K
7GDP1USDGOODRICH PETE CORPhistory →COM PAR4.68%$3M603.0K
8MQ8MAG SILVER CORPhistory →COM4.03%$2M287.9K
91S4HARBORONE BANCORP INC NEWhistory →COM NEW3.89%$2M283.8K
10VIACOMCBS INCCL B3.57%$2M140.1K
11FWONKUSDLIBERTY MEDIA CORP DELCOM C SIRIUSXM · COM A SIRIUSXM · COM SER C FRMLA3.54%$2M62.6K
12NSSCNAPCO SEC TECHNOLOGIES INChistory →COM2.81%$2M101.7K
13SYNCSYNACOR INChistory →COM2.45%$1M1.32M
14OSISKO GOLD ROYALTIES LTDCOM2.37%$1M175.0K
15MAYSMAYS J W INChistory →COM2.02%$1M44.9K
16ABXBARRICK GOLD CORPORATIONhistory →COM1.67%$916,00050.0K
17ACAARCOSA INChistory →COM1.45%$795,00020.0K
18OSGAMBAC FINL GROUP INChistory →COM NEW1.12%$617,00050.0K
19AXUALEXCO RESOURCE CORPhistory →COM1.00%$549,000450.0K
20MFNCMACKINAC FINL CORPCOM0.92%$507,00048.5K
21PBIPUSDPRUDENTIAL BANCORP INC NEWCOM0.89%$489,00033.0K
22MITCHAM INDS INCCOM0.76%$416,000332.7K
23AEMAGNICO EAGLE MINES LTDCOM0.73%$398,00010.0K
24FIRST SEACOAST BANCORPCOM0.70%$384,00063.6K
25FLYGBPFLY LEASING LTDSPONSORED ADR0.67%$367,00052.1K
26FBPFIRST BANCORP P RCOM NEW0.63%$346,00065.0K
27FORTUNA SILVER MINES INCCOM0.59%$323,000140.0K
28VOXXGUSDVOXX INTL CORPCL A0.52%$285,000100.0K
29AUG1EURAURYN RES INCCOM0.43%$235,000250.0K
30CCRCONSOL COAL RES LPCOM UNIT0.42%$232,00040.7K
31WOOFOOT LOCKER INCCOM0.40%$220,00010.0K
32SELFGLOBAL SELF STORAGE INCCOM0.40%$220,00062.7K
33PROVIDENT BANCORP INCCOM NEW0.39%$216,00025.0K
34WMBWILLIAMS COS INCCOM0.39%$212,00015.0K
35QUMUEURQUMU CORPCOM0.30%$166,000100.0K
36UBCPUNITED BANCORP INC OHIOCOM0.30%$165,00015.0K
37SVMSILVERCORP METALS INCCOM0.30%$164,00050.0K
38CEIXEURCNX RESOURCES CORPORATIONCOM0.28%$151,00041.0K
39OTELOTELCO INCCL A NEW0.26%$141,00030.0K
40AWXAVALON HLDGS CORPCL A0.16%$90,00070.0K
41RAND CAP CORPCOM0.16%$89,00039.8K
42180 DEGREE CAP CORPCOM0.10%$57,00041.8K
43HPREURHIGHPOINT RES CORPCOM0.06%$31,000162.1K

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 ↗.