SEC 13F Intelligence

Managers / Q3 2022 · view latest →

RAFFLES ASSOCIATES LP

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

Reported Value
$94M
Q3 2022
Positions
50
Filings on Record
30
2019–present window
Filed
Nov 14, 2022
original filing

Summary

Raffles Associates LP reported $94M in U.S.-listed holdings across 50 positions for Q3 2022.

Its largest position, SMBC, represents 12.6% of the portfolio.

Compared with Q2 2022, the fund opened 10 new positions and exited 8.

Portfolio Metrics

Turnover
+13.5%
vs prior filed quarter
Top-10 Concentration
+65.5%
share of reported value
Largest Position
+12.6%
Southern Mo Bancorp
New / Exited
10 / 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: 86.1%ETP: 6.4%Other: 5.2%Closed-End Fund: 1.4%Tracking Stk: 0.7%Other: 0.2%
  • Common Stock · 86.1% · $81M
  • ETP · 6.4% · $6M
  • Other · 5.2% · $5M
  • Closed-End Fund · 1.4% · $1M
  • Tracking Stk · 0.7% · $681,000
  • Other · 0.2% · $162,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
YRIYAMANA GOLD INCNEW+520.0K520.0K+$2M$2M
DIREXION SHS ETF TRNEW+60.0K60.0K+$2M$2M
UVXYNPROSHARES TR IINEW+120.0K120.0K+$2M$2M
IIININSTEEL INDS INCNEW+45.0K45.0K+$1M$1M
WBDWARNER BROS DISCOVERY INCNEW+100.0K100.0K+$1M$1M
DIREXION SHS ETF TRNEW+25.0K25.0K+$633,000$633,000
KRANESHARES TRNEW+22.0K22.0K+$542,000$542,000
PROFRAC HLDG CORPNEW+25.0K25.0K+$380,000$380,000

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

Holdings — Q3 2022

48 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SMBCSOUTHERN MO BANCORP INChistory →COM12.64%$12M232.3K
2EBCEASTERN BANKSHARES INChistory →COM12.53%$12M598.3K
3BPOPPOPULAR INChistory →COM NEW11.53%$11M150.0K
4JOBGEE GROUP INChistory →COM6.00%$6M8.91M
5PROVPROVIDENT FINL HLDGS INChistory →COM5.78%$5M381.3K
6FBPFIRST BANCORP P Rhistory →COM NEW4.71%$4M322.9K
7AFBIAFFINITY BANCSHARES INChistory →COM3.87%$4M248.6K
8WILLIAM PENN BANCORPORATIONCOM3.27%$3M270.0K
9OSISKO GOLD ROYALTIES LTDCOM2.61%$2M240.0K
10YRIYAMANA GOLD INChistory →COM2.51%$2M520.0K
11LCTXLINEAGE CELL THERAPEUTICS INhistory →COM2.51%$2M2.08M
12DIREXION SHS ETF TRDAILY JR GLD MIN · DLY GOLD INDX 2X2.37%$2M85.0K
13PARAMOUNT GLOBALCLASS B COM2.32%$2M114.5K
14VMDVIEMED HEALTHCARE INChistory →COM2.03%$2M317.4K
15MAYSMAYS J W INChistory →COM1.82%$2M44.4K
16UVXYNPROSHARES TR IIhistory →ULTRA VIX SHORT1.64%$2M120.0K
17180 DEGREE CAP CORPCOM NEW1.43%$1M243.7K
18MSOSADVISORSHARES TRhistory →PURE US CANNABIS1.41%$1M148.0K
19VABKVIRGINIA NATL BANKSHARES CORhistory →COM1.40%$1M40.3K
20IIININSTEEL INDS INChistory →COM1.27%$1M45.0K
21WBDWARNER BROS DISCOVERY INChistory →COM SER A1.23%$1M100.0K
22VOXXGUSDVOXX INTL CORPhistory →CL A1.10%$1M135.5K
23NSTSNSTS BANCORP INChistory →COM1.08%$1M93.8K
24REPXRILEY EXPLORATION PERMIAN INhistory →COM1.06%$995,00052.4K
25NSSCNAPCO SEC TECHNOLOGIES INChistory →COM1.04%$972,00033.4K
26FNWDFINWARD BANCORPhistory →COM1.01%$948,00027.9K
27KRANESHARES TRCSI CHI INTERNET · ASIA PACIFIC HI0.94%$878,00035.2K
28NECBNORTHEAST CMNTY BANCORP INCCOM0.86%$806,00065.0K
29GPORGULFPORT ENERGY CORPCOMMON SHARES0.75%$706,0008.0K
30MQ8MAG SILVER CORPCOM0.73%$686,00055.0K
31LIBERTY MEDIA CORP DELCOM A SIRIUSXM0.73%$681,00017.9K
32NWFLNORWOOD FINL CORPCOM0.71%$664,00025.0K
33LIBERTY LATIN AMERICA LTDCOM CL C0.66%$615,000100.0K
34ESOAENERGY SVCS ACQUISITION CORPCOM0.66%$615,000215.0K
35FIRST SEACOAST BANCORPCOM0.64%$601,00058.1K
36WNEBWESTERN NEW ENG BANCORP INCCOM0.52%$491,00060.4K
37PROFRAC HLDG CORPCALL0.41%$380,00025.0K
38ODVOSISKO DEVELOPMENT CORPCOM NEW0.37%$344,00075.6K
39BHBBAR HBR BANKSHARESCOM0.29%$268,00010.1K
40BOTJBANK OF THE JAMES FINL GP INCOM0.27%$253,00020.0K
41VALARIS LIMITEDCL A0.26%$245,0005.0K
42UBCPUNITED BANCORP INC OHIOCOM0.26%$241,00015.0K
43EDGGOLD FIELDS LTDSPONSORED ADR0.17%$162,00020.0K
44KELYAKELLY SVCS INCCL A0.15%$136,00010.0K
45CLSTCATALYST BANCORP INCCOMMON STOCK0.14%$131,00010.6K
46BRBSBLUE RIDGE BANKSHARES INC VACOM0.14%$127,00010.0K
47IEIVANHOE ELECTRIC INCCOM0.13%$124,00015.0K
48AWXAVALON HLDGS CORPCL A0.07%$61,00022.9K

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 ↗.