SEC 13F Intelligence

Managers / Q4 2020 · view latest →

RAFFLES ASSOCIATES LP

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

Reported Value
$86M
Q4 2020
Positions
37
Filings on Record
30
2019–present window
Filed
Feb 16, 2021
original filing

Summary

Raffles Associates LP reported $86M in U.S.-listed holdings across 37 positions for Q4 2020.

Its largest position, BPOP, represents 13.4% of the portfolio.

Compared with Q3 2020, the fund opened 9 new positions and exited 4.

Portfolio Metrics

Turnover
+9.2%
vs prior filed quarter
Top-10 Concentration
+75.3%
share of reported value
Largest Position
+13.4%
Popular
New / Exited
9 / 4
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: 89.8%ETP: 6.9%Other: 2.1%Tracking Stk: 1.2%
  • Common Stock · 89.8% · $77M
  • ETP · 6.9% · $6M
  • Other · 2.1% · $2M
  • Tracking Stk · 1.2% · $991,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
EBCEASTERN BANKSHARES INCNEW+687.8K687.8K+$11M$11M
HYCROFT MINING HOLDING CORPNEW+300.0K300.0K+$2M$2M
VANECK VECTORS ETF TRNEW+50.0K50.0K+$2M$2M
FBSSFAUQUIER BANKSHARES INCNEW+59.8K59.8K+$1M$1M
SVMSILVERCORP METALS INCNEW+100.0K100.0K+$669,000$669,000
YRIYAMANA GOLD INCNEW+100.0K100.0K+$571,000$571,000
NWFLNORWOOD FINL CORPNEW+20.0K20.0K+$523,000$523,000
LIBERTY MEDIA CORP DELNEW+5.0K5.0K+$219,000$219,000

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

Holdings — Q4 2020

34 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BPOPPOPULAR INChistory →COM NEW13.40%$12M205.0K
2EBCEASTERN BANKSHARES INChistory →COM13.02%$11M687.8K
3SMBCSOUTHERN MO BANCORP INChistory →COM8.21%$7M232.3K
4GDP1USDGOODRICH PETE CORPhistory →COM PAR8.07%$7M688.6K
5STNDSTANDARD AVB FINL CORPhistory →COM7.72%$7M204.1K
6BACBK OF AMERICA CORPhistory →COM7.04%$6M200.0K
7PROVPROVIDENT FINL HLDGS INChistory →COM6.50%$6M356.3K
8SPDR SER TRS&P BK ETF4.85%$4M100.0K
9FBPFIRST BANCORP P Rhistory →COM NEW3.56%$3M332.9K
10VMDVIEMED HEALTHCARE INChistory →COM2.90%$2M321.5K
11OSISKO GOLD ROYALTIES LTDCOM2.80%$2M190.0K
12HYCROFT MINING HOLDING CORPCOM CL A2.74%$2M300.0K
13VANECK VECTORS ETF TRGOLD MINERS ETF2.09%$2M50.0K
14SYNCSYNACOR INChistory →COM2.06%$2M1.31M
15NSSCNAPCO SEC TECHNOLOGIES INChistory →COM1.43%$1M47.0K
16VOXXGUSDVOXX INTL CORPhistory →CL A1.42%$1M95.5K
17LIBERTY LATIN AMERICA LTDCOM CL A · COM CL C1.29%$1M100.0K
18CRKCOMSTOCK RES INChistory →COM1.21%$1M238.7K
19FBSSFAUQUIER BANKSHARES INChistory →COM1.21%$1M59.8K
20MAYSMAYS J W INChistory →COM1.17%$1M44.9K
21LIBERTY MEDIA CORP DELCOM A SIRIUSXM · COM C SIRIUSXM1.15%$991,00022.9K
22SVMSILVERCORP METALS INCCOM0.78%$669,000100.0K
23MFNCMACKINAC FINL CORPCOM0.72%$619,00048.5K
24YRIYAMANA GOLD INCCOM0.66%$571,000100.0K
25OSGAMBAC FINL GROUP INCCOM NEW0.62%$538,00035.0K
26NWFLNORWOOD FINL CORPCOM0.61%$523,00020.0K
27FIRST SEACOAST BANCORPCOM0.60%$516,00058.1K
281S4HARBORONE BANCORP INC NEWCOM NEW0.52%$452,00041.6K
29EVTCEVERTEC INCCOM0.46%$393,00010.0K
30MIND1EURMIND TECHNOLOGY INCCOM0.42%$364,000162.3K
31SONIM TECHNOLOGIES INCCOM0.25%$218,000300.6K
32UBCPUNITED BANCORP INC OHIOCOM0.23%$198,00015.0K
33EQTEQT CORPCOM0.22%$191,00015.0K
34AWXAVALON HLDGS CORPCL A0.07%$60,00022.9K

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 ↗.