SEC 13F Intelligence

Managers / Q2 2023 · view latest →

RAFFLES ASSOCIATES LP

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

Reported Value
$74M
Q2 2023
Positions
45
Filings on Record
30
2019–present window
Filed
Aug 14, 2023
original filing

Summary

Raffles Associates LP reported $74M in U.S.-listed holdings across 45 positions for Q2 2023.

Its largest position, SMBC, represents 12.0% of the portfolio.

Compared with Q1 2023, the fund opened 8 new positions and exited 9.

Portfolio Metrics

Turnover
+17.9%
vs prior filed quarter
Top-10 Concentration
+61.2%
share of reported value
Largest Position
+12.0%
Southern Mo Bancorp
New / Exited
8 / 9
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: 89.7%Other: 5.9%ETP: 1.8%Closed-End Fund: 1.8%Tracking Stk: 0.8%
  • Common Stock · 89.7% · $67M
  • Other · 5.9% · $4M
  • ETP · 1.8% · $1M
  • Closed-End Fund · 1.8% · $1M
  • Tracking Stk · 0.8% · $586,577

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BACBANK AMERICA CORPNEW+150.0K150.0K+$4M$4M
BARCLAYS BANK PLCNEW+71.0K71.0K+$2M$2M
PARAMOUNT GLOBALNEW+75.0K75.0K+$1M$1M
OXYOCCIDENTAL PETE CORPNEW+20.0K20.0K+$1M$1M
AYS1SANDSTORM GOLD LTDNEW+100.0K100.0K+$512,000$512,000
AGFIRST MAJESTIC SILVER CORPNEW+50.0K50.0K+$282,500$282,500
ECBKECB BANCORP INCNEW+15.0K15.0K+$196,200$196,200
SCOR1EURCOMSCORE INCNEW+200.0K200.0K+$162,000$162,000

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

Holdings — Q2 2023

45 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SMBCSOUTHERN MO BANCORP INChistory →COM12.00%$9M232.3K
2BPOPPOPULAR INChistory →COM NEW8.24%$6M101.4K
3EBCEASTERN BANKSHARES INChistory →COM7.06%$5M428.3K
4PROVPROVIDENT FINL HLDGS INChistory →COM6.71%$5M391.3K
5JOBGEE GROUP INChistory →COM6.32%$5M9.18M
6BACBANK AMERICA CORPhistory →COM5.78%$4M150.0K
7VMDVIEMED HEALTHCARE INChistory →COM4.12%$3M313.4K
8FBPFIRST BANCORP P Rhistory →COM NEW3.99%$3M242.9K
9AFBIAFFINITY BANCSHARES INChistory →COM3.93%$3M250.1K
10LCTXLINEAGE CELL THERAPEUTICS INhistory →COM3.03%$2M1.60M
11MAYSMAYS J W INChistory →COM2.61%$2M44.4K
12WILLIAM PENN BANCORPORATIONCOM2.58%$2M189.0K
13OFGOFG BANCORPhistory →COM2.52%$2M72.0K
14BARCLAYS BANK PLCIPTH SR B S&P2.39%$2M71.0K
15OSISKO GOLD ROYALTIES LTDCOM2.27%$2M110.0K
16VOXXGUSDVOXX INTL CORPhistory →CL A1.80%$1M107.1K
17180 DEGREE CAP CORPCOM NEW1.78%$1M297.7K
18ESOAENERGY SVCS ACQUISITION CORPhistory →COM1.65%$1M422.7K
19PARAMOUNT GLOBALCLASS B COM1.60%$1M75.0K
20OXYOCCIDENTAL PETE CORPhistory →COM1.58%$1M20.0K
21NSSCNAPCO SEC TECHNOLOGIES INChistory →COM1.56%$1M33.4K
22NXENEXGEN ENERGY LTDhistory →COM1.42%$1M225.0K
23NECBNORTHEAST CMNTY BANCORP INChistory →COM1.36%$1M68.0K
24NSTSNSTS BANCORP INChistory →COM1.15%$857,45193.8K
25MSOSADVISORSHARES TRhistory →PURE US CANNABIS1.12%$831,000150.0K
26VABKVIRGINIA NATL BANKSHARES CORhistory →COM1.12%$830,88525.8K
27PTBPOTBELLY CORPhistory →COM1.10%$816,18993.0K
28REPXRILEY EXPLORATION PERMIAN INCOM0.99%$736,04620.6K
29FNWDFINWARD BANCORPCOM0.82%$613,18427.9K
30LIBERTY MEDIA CORP DELCOM A SIRIUSXM0.79%$586,57717.9K
31GPORGULFPORT ENERGY CORPCOMMON SHARES0.78%$577,8855.5K
32VIZSLA SILVER CORPCOM NEW0.74%$549,000450.0K
33KRANESHARES TRCSI CHI INTERNET0.72%$538,60020.0K
34AYS1SANDSTORM GOLD LTDCOM NEW0.69%$512,000100.0K
35ACDCPROFRAC HLDG CORPCLASS A COM0.60%$446,40040.0K
36BHBBAR HBR BANKSHARESCOM0.57%$423,36417.2K
37FSEAFIRST SEACOAST BANCORP INCCOM0.52%$389,73248.6K
38WNEBWESTERN NEW ENG BANCORP INCCOM0.47%$349,95059.9K
39AGFIRST MAJESTIC SILVER CORPCOM0.38%$282,50050.0K
40ECBKECB BANCORP INCCOM0.26%$196,20015.0K
41UBCPUNITED BANCORP INC OHIOCOM0.24%$179,55015.0K
42SCOR1EURCOMSCORE INCCOM0.22%$162,000200.0K
43GLOBAL X FDSMSCI PAKISTAN0.17%$129,80010.0K
44CLSTCATALYST BANCORP INCCOMMON STOCK0.16%$116,42210.6K
45AWXAVALON HLDGS CORPCL A0.08%$58,50022.9K

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 ↗.