SEC 13F Intelligence

Managers / Q2 2021 · view latest →

RAFFLES ASSOCIATES LP

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

Reported Value
$118M
Q2 2021
Positions
44
Filings on Record
30
2019–present window
Filed
Aug 17, 2021
original filing

Summary

Raffles Associates LP reported $118M in U.S.-listed holdings across 44 positions for Q2 2021.

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

Compared with Q1 2021, the fund opened 13 new positions and exited 8.

Portfolio Metrics

Turnover
+12.4%
vs prior filed quarter
Top-10 Concentration
+69.4%
share of reported value
Largest Position
+13.1%
Popular
New / Exited
13 / 8
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%ETP: 5.5%Other: 4.7%Closed-End Fund: 1.6%Tracking Stk: 0.9%
  • Common Stock · 87.3% · $103M
  • ETP · 5.5% · $7M
  • Other · 4.7% · $6M
  • Closed-End Fund · 1.6% · $2M
  • Tracking Stk · 0.9% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
UVXYNPROSHARES TR IINEW+150.0K150.0K+$4M$4M
DISCKUSDDISCOVERY INCNEW+115.0K115.0K+$3M$3M
ECHOECHOSTAR CORPNEW+100.0K100.0K+$2M$2M
DIREXION SHS ETF TRNEW+40.0K40.0K+$2M$2M
VABKVIRGINIA NATL BANKSHARES CORNEW+40.3K40.3K+$2M$2M
JOBGEE GROUP INCNEW+2.25M2.25M+$1M$1M
TRQCADTURQUOISE HILL RES LTDNEW+50.0K50.0K+$844,000$844,000
WNEBWESTERN NEW ENG BANCORP INCNEW+50.0K50.0K+$408,000$408,000

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

Holdings — Q2 2021

42 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BPOPPOPULAR INChistory →COM NEW13.08%$15M205.0K
2EBCEASTERN BANKSHARES INChistory →COM12.03%$14M687.8K
3SMBCSOUTHERN MO BANCORP INChistory →COM8.88%$10M232.3K
4GDP1USDGOODRICH PETE CORPhistory →COM PAR8.74%$10M688.6K
5VIACOMCBS INCCL B6.73%$8M175.0K
6PROVPROVIDENT FINL HLDGS INChistory →COM5.23%$6M356.3K
7EXECHESAPEAKE ENERGY CORPhistory →COM4.92%$6M111.5K
8UVXYNPROSHARES TR IIhistory →ULTRA VIX SHORT3.57%$4M150.0K
9FBPFIRST BANCORP P Rhistory →COM NEW3.37%$4M332.9K
10DISCKUSDDISCOVERY INChistory →COM SER C2.83%$3M115.0K
11AFBIAFFINITY BANCSHARES INChistory →COM2.77%$3M251.5K
12WILLIAM PENN BANCORPORATIONCOM2.73%$3M270.0K
13VMDVIEMED HEALTHCARE INChistory →COM2.59%$3M426.5K
14OSISKO GOLD ROYALTIES LTDCOM2.51%$3M215.0K
15ECHOECHOSTAR CORPhistory →CL A2.07%$2M100.0K
16DIREXION SHS ETF TRDLY GOLD INDX 2X1.98%$2M40.0K
17180 DEGREE CAP CORPCOM NEW1.56%$2M226.9K
18VABKVIRGINIA NATL BANKSHARES CORhistory →COM1.33%$2M40.3K
19LIBERTY LATIN AMERICA LTDCOM CL C · COM CL A1.19%$1M100.0K
20MAYSMAYS J W INChistory →COM1.17%$1M44.4K
21NSSCNAPCO SEC TECHNOLOGIES INChistory →COM1.14%$1M37.0K
22VOXXGUSDVOXX INTL CORPhistory →CL A1.14%$1M95.5K
23JOBGEE GROUP INChistory →COM1.10%$1M2.25M
24LIBERTY MEDIA CORP DELCOM A SIRIUSXM · COM C SIRIUSXM0.91%$1M22.9K
25TRQCADTURQUOISE HILL RES LTDCOM0.72%$844,00050.0K
26MFNCMACKINAC FINL CORPCOM0.65%$760,00038.5K
27FIRST SEACOAST BANCORPCOM0.48%$570,00058.1K
28NWFLNORWOOD FINL CORPCOM0.48%$568,00021.8K
29SVMSILVERCORP METALS INCCOM0.47%$549,000100.0K
30OSGAMBAC FINL GROUP INCCOM NEW0.47%$548,00035.0K
31HYCROFT MINING HOLDING CORPCOM CL A0.39%$459,000150.0K
32EVTCEVERTEC INCCOM0.37%$436,00010.0K
33WNEBWESTERN NEW ENG BANCORP INCCOM0.35%$408,00050.0K
34AYS1SANDSTORM GOLD LTDCOM NEW0.34%$394,00050.0K
35AMALAMALGAMATED FINANCIAL CORPCOM0.33%$391,00025.0K
36ASSEMBLY BIOSCIENCES INCCOM0.33%$388,000100.0K
37GPORGULFPORT ENERGY CORPCOMMON SHARES0.28%$324,0005.0K
38TMQTRILOGY METALS INC NEWCOM0.21%$251,000100.0K
39UBCPUNITED BANCORP INC OHIOCOM0.18%$214,00015.0K
40CWHCAMPING WORLD HLDGS INCCL A0.17%$205,0005.0K
41LCTXLINEAGE CELL THERAPEUTICS INCOM0.11%$124,00043.6K
42AWXAVALON HLDGS CORPCL A0.09%$108,00022.9K

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 ↗.