SEC 13F Intelligence

Managers / Q2 2024 · view latest →

RAFFLES ASSOCIATES LP

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

Reported Value
$89M
Q2 2024
Positions
52
Filings on Record
30
2019–present window
Filed
Aug 14, 2024
original filing

Summary

Raffles Associates LP reported $89M in U.S.-listed holdings across 52 positions for Q2 2024.

Its largest position, SMBC, represents 12.3% of the portfolio.

Compared with Q1 2024, the fund opened 7 new positions and exited 6.

Portfolio Metrics

Turnover
+9.7%
vs prior filed quarter
Top-10 Concentration
+62.3%
share of reported value
Largest Position
+12.3%
Southern Mo Bancorp
New / Exited
7 / 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: 84.6%Other: 10.2%Closed-End Fund: 2.9%ETP: 1.5%Tracking Stk: 0.4%Other: 0.3%
  • Common Stock · 84.6% · $75M
  • Other · 10.2% · $9M
  • Closed-End Fund · 2.9% · $3M
  • ETP · 1.5% · $1M
  • Tracking Stk · 0.4% · $395,998
  • Other · 0.3% · $296,662

Quarter-over-Quarter Changes full breakdown →

vs Q1 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
VZLAVIZSLA SILVER CORPNEW+800.3K800.3K+$1M$1M
ASLEAERSALE CORPORATIONNEW+100.0K100.0K+$692,000$692,000
MSOSADVISORSHARES TRNEW+85.0K85.0K+$623,050$623,050
PROSHARES TR IINEW+25.0K25.0K+$588,500$588,500
CTGOCONTANGO ORE INCNEW+12.2K12.2K+$220,508$220,508
PROSHARES TR IINEW+10.0K10.0K+$203,000$203,000
ASA GOLD AND PRECIOUS MTLS LNEW+11.0K11.0K+$192,940$192,940
BARCLAYS BANK PLCADDED+155.0K180.0K+$2M$2M

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

Holdings — Q2 2024

48 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SMBCSOUTHERN MO BANCORP INChistory →COM12.28%$11M242.3K
2EBCEASTERN BANKSHARES INChistory →COM7.84%$7M498.0K
3PROSHARES TRULTRASHRT S&P500 · ULTRAPRO SHT QQQ6.95%$6M380.0K
4IEIVANHOE ELECTRIC INChistory →COM6.91%$6M653.6K
5OFGOFG BANCORPhistory →COM5.95%$5M141.1K
6PROVPROVIDENT FINL HLDGS INChistory →COM5.54%$5M393.4K
7FBPFIRST BANCORP P Rhistory →COM NEW5.00%$4M242.9K
8LCTXLINEAGE CELL THERAPEUTICS INhistory →COM4.90%$4M4.36M
9AFBIAFFINITY BANCSHARES INChistory →COM4.78%$4M200.1K
10NBBKNB BANCORP INChistory →COM3.79%$3M223.0K
11JOBGEE GROUP INChistory →COM3.28%$3M9.50M
12VMDVIEMED HEALTHCARE INChistory →COM2.68%$2M362.7K
13MAYSMAYS J W INChistory →COM2.29%$2M44.4K
14BARCLAYS BANK PLCIPTH SR B S&P2.21%$2M180.0K
15NSSCNAPCO SEC TECHNOLOGIES INChistory →COM1.96%$2M33.4K
16ESOAENERGY SVCS ACQUISITION CORPhistory →COM1.75%$2M217.5K
17JOFJAPAN SMALLER CAPITALIZATIONhistory →COM1.65%$1M193.0K
18VZLAVIZSLA SILVER CORPhistory →COM NEW1.61%$1M800.3K
19RNGRGBPRANGER ENERGY SVCS INChistory →COM CL A1.36%$1M115.0K
20NXENEXGEN ENERGY LTDhistory →COM1.34%$1M170.0K
21NECBNORTHEAST CMNTY BANCORP INChistory →COM1.30%$1M65.0K
22180 DEGREE CAP CORPCOM NEW1.28%$1M299.1K
23OSISKO GOLD ROYALTIES LTDCOM1.18%$1M67.0K
24NSTSNSTS BANCORP INChistory →COM1.02%$903,41993.8K
25VABKVIRGINIA NATL BANKSHARES CORCOM0.99%$881,23826.9K
26PROSHARES TR IIULTRA VIX SHORT · ULTRA YEN NEW0.89%$791,50035.0K
27ASLEAERSALE CORPORATIONCOM0.78%$692,000100.0K
28FNWDFINWARD BANCORPCOM0.75%$669,91127.3K
29ECBKECB BANCORP INCCOM0.71%$630,06550.5K
30MSOSADVISORSHARES TRPURE US CANNABIS0.70%$623,05085.0K
31PTBPOTBELLY CORPCOM0.68%$600,33174.8K
32TIPTTIPTREE INCCOM0.57%$507,90830.8K
33TEUCRIUM COMMODITY TRCORN FD SHS0.56%$497,20827.2K
34FIRST BK WILLIAMSTOWN NEW JECOM0.48%$427,05833.5K
35EFCUSDELLINGTON FINANCIAL INCCOM0.48%$423,65835.1K
36LIBERTY MEDIA CORP DELCOM LBTY SRM S A0.45%$395,99817.9K
37AYS1SANDSTORM GOLD LTDCOM NEW0.44%$389,05271.5K
38SCORCOMSCORE INCCOM NEW0.42%$372,82826.3K
39PKSTPEAKSTONE REALTY TRUSTCOMMON SHARES0.33%$296,66228.0K
40ODVOSISKO DEVELOPMENT CORPCOM NEW0.31%$274,640147.7K
41CTGOCONTANGO ORE INCCOM0.25%$220,50812.2K
42ASA GOLD AND PRECIOUS MTLS LSHS0.22%$192,94011.0K
43UBCPUNITED BANCORP INC OHIOCOM0.22%$192,59215.3K
44LXULSB INDS INCCOM0.19%$166,87220.4K
45GREAT AJAX CORPCOM0.16%$143,22540.1K
46VOXXGUSDVOXX INTL CORPCL A0.14%$125,88539.8K
47FSEAFIRST SEACOAST BANCORP INCCOM0.14%$124,16413.8K
48CLSTCATALYST BANCORP INCCOMMON STOCK0.14%$122,22710.6K

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 ↗.