SEC 13F Intelligence

Managers / Q2 2022 · view latest →

RAFFLES ASSOCIATES LP

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

Reported Value
$92M
Q2 2022
Positions
48
Filings on Record
30
2019–present window
Filed
Aug 15, 2022
original filing

Summary

Raffles Associates LP reported $92M in U.S.-listed holdings across 48 positions for Q2 2022.

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

Compared with Q1 2022, the fund opened 9 new positions and exited 6.

Portfolio Metrics

Turnover
+9.9%
vs prior filed quarter
Top-10 Concentration
+67.6%
share of reported value
Largest Position
+13.4%
Popular
New / Exited
9 / 6
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: 84.4%Other: 5.3%ADR: 4.3%ETP: 2.9%Closed-End Fund: 1.6%Other: 1.6%
  • Common Stock · 84.4% · $78M
  • Other · 5.3% · $5M
  • ADR · 4.3% · $4M
  • ETP · 2.9% · $3M
  • Closed-End Fund · 1.6% · $1M
  • Other · 1.6% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
EDGGOLD FIELDS LTDNEW+287.0K287.0K+$3M$3M
MSOSADVISORSHARES TRNEW+175.0K175.0K+$2M$2M
UANCVR PARTNERS LPNEW+5.0K5.0K+$499,000$499,000
ODVOSISKO DEVELOPMENT CORPNEW+103.8K103.8K+$498,000$498,000
BOILUSDPROSHARES TR IINEW+10.0K10.0K+$421,000$421,000
EQHEQUITABLE HLDGS INCNEW+15.0K15.0K+$391,000$391,000
ESOAENERGY SVCS ACQUISITION CORPNEW+165.0K165.0K+$340,000$340,000
NLYEURANNALY CAPITAL MANAGEMENT INNEW+50.0K50.0K+$296,000$296,000

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

Holdings — Q2 2022

47 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BPOPPOPULAR INChistory →COM NEW13.40%$12M160.0K
2EBCEASTERN BANKSHARES INChistory →COM13.22%$12M657.8K
3SMBCSOUTHERN MO BANCORP INChistory →COM11.45%$11M232.3K
4PROVPROVIDENT FINL HLDGS INChistory →COM5.92%$5M366.3K
5JOBGEE GROUP INChistory →COM5.07%$5M8.91M
6PARAMOUNT GLOBALCLASS B COM4.34%$4M161.5K
7AFBIAFFINITY BANCSHARES INChistory →COM4.02%$4M248.6K
8WILLIAM PENN BANCORPORATIONCOM3.44%$3M270.0K
9FBPFIRST BANCORP P Rhistory →COM NEW3.41%$3M242.9K
10LCTXLINEAGE CELL THERAPEUTICS INhistory →COM3.32%$3M1.93M
11EDGGOLD FIELDS LTDhistory →SPONSORED ADR2.85%$3M287.0K
12OSISKO GOLD ROYALTIES LTDCOM2.64%$2M240.0K
13MAYSMAYS J W INChistory →COM2.01%$2M44.4K
14MSOSADVISORSHARES TRhistory →PURE US CANNABIS1.97%$2M175.0K
15VMDVIEMED HEALTHCARE INChistory →COM1.80%$2M307.4K
16180 DEGREE CAP CORPCOM NEW1.56%$1M233.7K
17DIDIYDIDI GLOBAL INChistory →SPONSORED ADS1.45%$1M450.0K
18VABKVIRGINIA NATL BANKSHARES CORhistory →COM1.38%$1M40.3K
19REPXRILEY EXPLORATION PERMIAN INhistory →COM1.38%$1M52.4K
20NSSCNAPCO SEC TECHNOLOGIES INChistory →COM1.38%$1M61.4K
21NSTSNSTS BANCORP INChistory →COM1.14%$1M93.8K
22FNWDFINWARD BANCORPhistory →COM1.14%$1M27.9K
23VOXXGUSDVOXX INTL CORPhistory →CL A1.07%$982,000105.5K
24LIBERTY LATIN AMERICA LTDCOM CL A · COM CL C0.85%$780,000100.0K
25NECBNORTHEAST CMNTY BANCORP INCCOM0.83%$765,00065.0K
26MQ8MAG SILVER CORPCOM0.73%$669,00055.0K
27LIBERTY MEDIA CORP DELCOM A SIRIUSXM0.70%$644,00017.9K
28GPORGULFPORT ENERGY CORPCOMMON SHARES0.69%$636,0008.0K
29FIRST SEACOAST BANCORPCOM0.68%$622,00058.1K
30NWFLNORWOOD FINL CORPCOM0.66%$606,00025.0K
31UANCVR PARTNERS LPCOM0.54%$499,0005.0K
32ODVOSISKO DEVELOPMENT CORPCOM NEW0.54%$498,000103.8K
33WNEBWESTERN NEW ENG BANCORP INCCOM0.49%$450,00060.4K
34BOILUSDPROSHARES TR IIULTRA BLOOMBERG0.46%$421,00010.0K
35KRANESHARES TRASIA PACIFIC HI0.45%$409,00015.0K
36EQHEQUITABLE HLDGS INCCOM0.43%$391,00015.0K
37BHBBAR HBR BANKSHARESCOM0.42%$390,00015.1K
38ESOAENERGY SVCS ACQUISITION CORPCOM0.37%$340,000165.0K
39NLYEURANNALY CAPITAL MANAGEMENT INCOM0.32%$296,00050.0K
40INTEGRA RES CORPCOM NEW0.29%$267,000257.0K
41BOTJBANK OF THE JAMES FINL GP INCOM0.28%$260,00020.0K
42UBCPUNITED BANCORP INC OHIOCOM0.27%$246,00015.0K
43KELYAKELLY SVCS INCCL A0.22%$198,00010.0K
44BRBSBLUE RIDGE BANKSHARES INC VACOM0.17%$153,00010.0K
45CLSTCATALYST BANCORP INCCOMMON STOCK0.16%$143,00010.6K
46AWXAVALON HLDGS CORPCL A0.07%$60,00022.9K
47TMQTRILOGY METALS INC NEWCOM0.03%$32,00042.4K

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 ↗.