SEC 13F Intelligence

Managers / Q3 2020 · view latest →

RAFFLES ASSOCIATES LP

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

Reported Value
$59M
Q3 2020
Positions
31
Filings on Record
30
2019–present window
Filed
Nov 16, 2020
original filing

Summary

Raffles Associates LP reported $59M in U.S.-listed holdings across 31 positions for Q3 2020.

Its largest position, STND, represents 11.3% of the portfolio.

Compared with Q2 2020, the fund opened 9 new positions and exited 17.

Portfolio Metrics

Turnover
+35.3%
vs prior filed quarter
Top-10 Concentration
+75.9%
share of reported value
Largest Position
+11.3%
Standard Avb Finl
New / Exited
9 / 17
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: 87.5%ETP: 7.5%Other: 2.7%Closed-End Fund: 1.3%Tracking Stk: 1.0%
  • Common Stock · 87.5% · $52M
  • ETP · 7.5% · $4M
  • Other · 2.7% · $2M
  • Closed-End Fund · 1.3% · $747,000
  • Tracking Stk · 1.0% · $593,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BACBK OF AMERICA CORPNEW+200.0K200.0K+$5M$5M
SPDR SER TRNEW+150.0K150.0K+$4M$4M
WFCWELLS FARGO CO NEWNEW+100.0K100.0K+$2M$2M
TRVCCITIGROUP INCNEW+50.0K50.0K+$2M$2M
MIND1EURMIND TECHNOLOGY INCNEW+262.3K262.3K+$546,000$546,000
LIBERTY LATIN AMERICA LTDNEW+50.0K50.0K+$412,000$412,000
LIBERTY LATIN AMERICA LTDNEW+50.0K50.0K+$407,000$407,000
SONIM TECHNOLOGIES INCNEW+450.6K450.6K+$350,000$350,000

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

Holdings — Q3 2020

30 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1STNDSTANDARD AVB FINL CORPhistory →COM11.32%$7M204.1K
2BPOPPOPULAR INChistory →COM NEW11.09%$7M180.0K
3SMBCSOUTHERN MO BANCORP INChistory →COM9.30%$5M232.3K
4GDP1USDGOODRICH PETE CORPhistory →COM PAR8.99%$5M688.6K
5BACBK OF AMERICA CORPhistory →COM8.18%$5M200.0K
6SPDR SER TRS&P BK ETF7.50%$4M150.0K
7PROVPROVIDENT FINL HLDGS INChistory →COM7.20%$4M356.3K
8VMDVIEMED HEALTHCARE INChistory →COM4.72%$3M321.5K
9WFCWELLS FARGO CO NEWhistory →COM3.99%$2M100.0K
10TRVCCITIGROUP INChistory →COM NEW3.66%$2M50.0K
11SYNCSYNACOR INChistory →COM3.35%$2M1.31M
12OSISKO GOLD ROYALTIES LTDCOM2.51%$1M125.0K
13FBPFIRST BANCORP P Rhistory →COM NEW2.51%$1M282.9K
14CRKCOMSTOCK RES INChistory →COM1.96%$1M263.7K
15MAYSMAYS J W INChistory →COM1.53%$899,00044.9K
16NSSCNAPCO SEC TECHNOLOGIES INChistory →COM1.48%$869,00037.0K
17LIBERTY LATIN AMERICA LTDCOM CL A · COM CL C1.39%$819,000100.0K
18180 DEGREE CAP CORPCOM1.27%$747,000395.5K
19VOXXGUSDVOXX INTL CORPhistory →CL A1.25%$734,00095.5K
20LIBERTY MEDIA CORP DELCOM A SIRIUSXM1.01%$593,00017.9K
21MIND1EURMIND TECHNOLOGY INCCOM0.93%$546,000262.3K
22MFNCMACKINAC FINL CORPCOM0.79%$468,00048.5K
23FIRST SEACOAST BANCORPCOM0.76%$450,00058.1K
24OSGAMBAC FINL GROUP INCCOM NEW0.76%$447,00035.0K
25SONIM TECHNOLOGIES INCCOM0.59%$350,000450.6K
26EVTCEVERTEC INCCOM0.59%$347,00010.0K
271S4HARBORONE BANCORP INC NEWCOM NEW0.57%$336,00041.6K
28PBIPUSDPRUDENTIAL BANCORP INC NEWCOM0.42%$246,00023.3K
29UBCPUNITED BANCORP INC OHIOCOM0.32%$188,00015.0K
30AWXAVALON HLDGS CORPCL A0.07%$40,00022.9K

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 ↗.