SEC 13F Intelligence

Managers / Q2 2020 · view latest →

RAFFLES ASSOCIATES LP

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

Reported Value
$61M
Q2 2020
Positions
39
Filings on Record
30
2019–present window
Filed
Aug 14, 2020
original filing

Summary

Raffles Associates LP reported $61M in U.S.-listed holdings across 39 positions for Q2 2020.

Its largest position, BPOP, represents 12.5% of the portfolio.

Compared with Q1 2020, the fund opened 4 new positions and exited 10.

Portfolio Metrics

Turnover
+9.6%
vs prior filed quarter
Top-10 Concentration
+69.0%
share of reported value
Largest Position
+12.5%
Popular
New / Exited
4 / 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: 87.4%Other: 7.6%Tracking Stk: 3.8%ADR: 0.7%REIT: 0.4%Other: 0.2%
  • Common Stock · 87.4% · $54M
  • Other · 7.6% · $5M
  • Tracking Stk · 3.8% · $2M
  • ADR · 0.7% · $428,000
  • REIT · 0.4% · $241,000
  • Other · 0.2% · $98,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
HYCROFT MINING HOLDING CORPNEW+154.6K154.6K+$1M$1M
TWTRUSDTWITTER INCNEW+25.0K25.0K+$745,000$745,000
CFGCITIZENS FINANCIAL GROUP INCNEW+25.0K25.0K+$631,000$631,000
CRKCOMSTOCK RES INCNEW+75.0K75.0K+$328,000$328,000
FBPFIRST BANCORP P RADDED+150.0K215.0K+$856,000$1M
VIACOMCBS INCSOLD OUT−140.1K0−$2M$0
MITCHAM INDS INCSOLD OUT−332.7K0−$416,000$0
AEMAGNICO EAGLE MINES LTDSOLD OUT−10.0K0−$398,000$0

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

Holdings — Q2 2020

37 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BPOPPOPULAR INChistory →COM NEW12.46%$8M205.8K
2SMBCSOUTHERN MO BANCORP INChistory →COM9.40%$6M237.3K
3VMDVIEMED HEALTHCARE INChistory →COM8.16%$5M521.5K
4PROVPROVIDENT FINL HLDGS INChistory →COM7.79%$5M356.3K
5STNDSTANDARD AVB FINL CORPhistory →COM7.72%$5M204.1K
6GDP1USDGOODRICH PETE CORPhistory →COM PAR6.97%$4M594.1K
7AERCAP HOLDINGS NVSHS6.66%$4M132.7K
8FWONKUSDLIBERTY MEDIA CORP DELCOM C SIRIUSXM · COM A SIRIUSXM · COM SER C FRMLA3.77%$2M67.8K
9NSSCNAPCO SEC TECHNOLOGIES INChistory →COM3.53%$2M92.7K
10MQ8MAG SILVER CORPhistory →COM3.17%$2M137.9K
111S4HARBORONE BANCORP INC NEWhistory →COM NEW3.15%$2M226.6K
12OSISKO GOLD ROYALTIES LTDCOM2.85%$2M175.0K
13SYNCSYNACOR INChistory →COM2.43%$1M1.32M
14HYCROFT MINING HOLDING CORPCOM CL A2.38%$1M154.6K
15ABXBARRICK GOLD CORPORATIONhistory →COM2.19%$1M50.0K
16FBPFIRST BANCORP P Rhistory →COM NEW1.96%$1M215.0K
17MAYSMAYS J W INChistory →COM1.65%$1M44.9K
18AXUALEXCO RESOURCE CORPhistory →COM1.47%$900,000400.0K
19ACAARCOSA INChistory →COM1.38%$844,00020.0K
20TWTRUSDTWITTER INChistory →COM1.21%$745,00025.0K
21OSGAMBAC FINL GROUP INChistory →COM NEW1.17%$716,00050.0K
22CFGCITIZENS FINANCIAL GROUP INChistory →COM1.03%$631,00025.0K
23VOXXGUSDVOXX INTL CORPCL A0.94%$578,000100.0K
24MFNCMACKINAC FINL CORPCOM0.82%$503,00048.5K
25AUG1EURAURYN RES INCCOM0.75%$462,000250.0K
26FLYGBPFLY LEASING LTDSPONSORED ADR0.70%$428,00052.1K
27FIRST SEACOAST BANCORPCOM0.58%$358,00058.1K
28QUMUEURQUMU CORPCOM0.58%$356,00099.2K
29OTELOTELCO INCCL A NEW0.58%$353,00031.3K
30CRKCOMSTOCK RES INCCOM0.53%$328,00075.0K
31PBIPUSDPRUDENTIAL BANCORP INC NEWCOM0.46%$280,00023.3K
32SELFGLOBAL SELF STORAGE INCCOM0.39%$241,00062.7K
33PROVIDENT BANCORP INCCOM NEW0.32%$196,00025.0K
34UBCPUNITED BANCORP INC OHIOCOM0.28%$173,00015.0K
35AWXAVALON HLDGS CORPCL A0.28%$172,000106.9K
36180 DEGREE CAP CORPCOM0.16%$98,00056.2K
37CEIXEURCONSOL ENERGY INC NEWCOM0.13%$81,00016.1K

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 ↗.