SEC 13F Intelligence

Managers / Q3 2021 · view latest →

RAFFLES ASSOCIATES LP

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

Reported Value
$108M
Q3 2021
Positions
42
Filings on Record
30
2019–present window
Filed
Nov 16, 2021
original filing

Summary

Raffles Associates LP reported $108M in U.S.-listed holdings across 42 positions for Q3 2021.

Its largest position, GDP1USD, represents 15.0% of the portfolio.

Compared with Q2 2021, the fund opened 8 new positions and exited 10.

Portfolio Metrics

Turnover
+14.6%
vs prior filed quarter
Top-10 Concentration
+73.7%
share of reported value
Largest Position
+15.0%
Goodrich Pete
New / Exited
8 / 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: 88.2%Other: 7.0%ETP: 2.2%Closed-End Fund: 1.5%Tracking Stk: 1.0%
  • Common Stock · 88.2% · $95M
  • Other · 7.0% · $8M
  • ETP · 2.2% · $2M
  • Closed-End Fund · 1.5% · $2M
  • Tracking Stk · 1.0% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
PARAAVIACOMCBS INCNEW+45.0K45.0K+$2M$2M
MSOSADVISORSHARES TRNEW+50.0K50.0K+$2M$2M
IVANHOE CAPITAL ACQUISTIN CONEW+136.8K136.8K+$1M$1M
DIREXION SHS ETF TRNEW+15.0K15.0K+$793,000$793,000
ETF MANAGERS TRNEW+50.0K50.0K+$720,000$720,000
NECBNORTHEAST CMNTY BANCORP INCNEW+65.0K65.0K+$708,000$708,000
NICNICOLET BANKSHARES INCNEW+8.5K8.5K+$628,000$628,000
INTEGRA RES CORPNEW+157.0K157.0K+$358,000$358,000

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

Holdings — Q3 2021

39 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GDP1USDGOODRICH PETE CORPhistory →COM PAR14.98%$16M683.6K
2BPOPPOPULAR INChistory →COM NEW14.74%$16M205.0K
3EBCEASTERN BANKSHARES INChistory →COM12.93%$14M687.8K
4SMBCSOUTHERN MO BANCORP INChistory →COM9.66%$10M232.3K
5PARAAVIACOMCBS INCCL B · CL A5.59%$6M150.0K
6PROVPROVIDENT FINL HLDGS INChistory →COM5.56%$6M356.3K
7DISCKUSDDISCOVERY INChistory →COM SER C3.48%$4M155.0K
8AFBIAFFINITY BANCSHARES INChistory →COM3.24%$3M249.1K
9WILLIAM PENN BANCORPORATIONCOM3.05%$3M270.0K
10OSISKO GOLD ROYALTIES LTDCOM2.24%$2M215.0K
11EXECHESAPEAKE ENERGY CORPhistory →COM2.17%$2M38.0K
12VMDVIEMED HEALTHCARE INChistory →COM2.06%$2M401.5K
13180 DEGREE CAP CORPCOM NEW1.52%$2M226.9K
14MAYSMAYS J W INChistory →COM1.51%$2M44.4K
15JOBGEE GROUP INChistory →COM1.50%$2M3.50M
16NSSCNAPCO SEC TECHNOLOGIES INChistory →COM1.47%$2M37.0K
17MSOSADVISORSHARES TRhistory →PURE US CANNABIS1.46%$2M50.0K
18VABKVIRGINIA NATL BANKSHARES CORhistory →COM1.35%$1M40.3K
19IVANHOE CAPITAL ACQUISTIN COCOM CL A1.25%$1M136.8K
20LIBERTY LATIN AMERICA LTDCOM CL C · COM CL A1.21%$1M100.0K
21VOXXGUSDVOXX INTL CORPhistory →CL A1.01%$1M95.5K
22LIBERTY MEDIA CORP DELCOM A SIRIUSXM · COM C SIRIUSXM1.00%$1M22.9K
23DIREXION SHS ETF TRDAILY JR GLD MIN0.73%$793,00015.0K
24ETF MANAGERS TRETFMG ALTR HRVST0.67%$720,00050.0K
25NECBNORTHEAST CMNTY BANCORP INCCOM0.66%$708,00065.0K
26NWFLNORWOOD FINL CORPCOM0.59%$637,00025.0K
27NICNICOLET BANKSHARES INCCOM0.58%$628,0008.5K
28FIRST SEACOAST BANCORPCOM0.53%$567,00058.1K
29WNEBWESTERN NEW ENG BANCORP INCCOM0.48%$515,00060.4K
30EVTCEVERTEC INCCOM0.42%$457,00010.0K
31AMALAMALGAMATED FINANCIAL CORPCOM0.37%$396,00025.0K
32SVMSILVERCORP METALS INCCOM0.35%$381,000100.0K
33TMQTRILOGY METALS INC NEWCOM0.34%$370,000200.0K
34INTEGRA RES CORPCOM NEW0.33%$358,000157.0K
35AYS1SANDSTORM GOLD LTDCOM NEW0.27%$288,00050.0K
36LCTXLINEAGE CELL THERAPEUTICS INCOM0.22%$236,00093.6K
37UBCPUNITED BANCORP INC OHIOCOM0.20%$214,00015.0K
38HYCROFT MINING HOLDING CORPCOM CL A0.18%$195,000131.1K
39AWXAVALON HLDGS CORPCL A0.08%$89,00022.9K

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 ↗.