SEC 13F Intelligence

Managers / Q3 2024 · view latest →

RAFFLES ASSOCIATES LP

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

Reported Value
$97M
Q3 2024
Positions
48
Filings on Record
30
2019–present window
Filed
Nov 14, 2024
original filing

Summary

Raffles Associates LP reported $97M in U.S.-listed holdings across 48 positions for Q3 2024.

Its largest position, SMBC, represents 13.5% of the portfolio.

Compared with Q2 2024, the fund opened 6 new positions and exited 10.

Portfolio Metrics

Turnover
+13.2%
vs prior filed quarter
Top-10 Concentration
+62.4%
share of reported value
Largest Position
+13.5%
Southern Mo Bancorp
New / Exited
6 / 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: 84.0%Other: 8.3%ETP: 4.3%Closed-End Fund: 2.9%REIT: 0.6%
  • Common Stock · 84.0% · $82M
  • Other · 8.3% · $8M
  • ETP · 4.3% · $4M
  • Closed-End Fund · 2.9% · $3M
  • REIT · 0.6% · $545,023

Quarter-over-Quarter Changes full breakdown →

vs Q2 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
OXYOCCIDENTAL PETE CORPNEW+55.0K55.0K+$3M$3M
INVESCO DB US DLR INDEX TRNEW+40.0K40.0K+$1M$1M
VALARIS LTDNEW+10.0K10.0K+$557,500$557,500
GLLGBPPROSHARES TR IINEW+30.0K30.0K+$519,900$519,900
SIRISIRIUSXM HOLDINGS INCNEW+19.2K19.2K+$453,938$453,938
BRBSBLUE RIDGE BANKSHARES INC VANEW+42.9K42.9K+$120,215$120,215
PROSHARES TR IIADDED+75.0K100.0K+$2M$2M
MSOSADVISORSHARES TRADDED+168.0K253.0K+$1M$2M

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

Holdings — Q3 2024

47 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SMBCSOUTHERN MO BANCORP INChistory →COM13.51%$13M233.0K
2IEIVANHOE ELECTRIC INChistory →COM9.65%$9M1.11M
3EBCEASTERN BANKSHARES INChistory →COM5.88%$6M349.8K
4PROVPROVIDENT FINL HLDGS INChistory →COM5.79%$6M393.4K
5OFGOFG BANCORPhistory →COM5.54%$5M120.1K
6FBPFIRST BANCORP P Rhistory →COM NEW5.28%$5M242.9K
7PROSHARES TRULTRASHRT S&P5004.87%$5M230.0K
8AFBIAFFINITY BANCSHARES INChistory →COM4.37%$4M198.9K
9LCTXLINEAGE CELL THERAPEUTICS INhistory →COM4.19%$4M4.51M
10VZLAVIZSLA SILVER CORPhistory →COM NEW3.34%$3M1.69M
11GLLGBPPROSHARES TR IIULTRA VIX SHORT · ULTRASHRT NEW3.09%$3M130.0K
12VMDVIEMED HEALTHCARE INChistory →COM3.03%$3M402.7K
13OXYOCCIDENTAL PETE CORPhistory →COM2.91%$3M55.0K
14JOBGEE GROUP INChistory →COM2.54%$2M9.50M
15MAYSMAYS J W INChistory →COM2.10%$2M44.4K
16JOFJAPAN SMALLER CAPITALIZATIONhistory →COM1.90%$2M224.0K
17MSOSADVISORSHARES TRhistory →PURE US CANNABIS1.86%$2M253.0K
18NECBNORTHEAST CMNTY BANCORP INChistory →COM1.67%$2M61.5K
19ESOAENERGY SVCS ACQUISITION CORPhistory →COM1.66%$2M170.5K
20NXENEXGEN ENERGY LTDhistory →COM1.47%$1M220.0K
21RNGRGBPRANGER ENERGY SVCS INChistory →COM CL A1.41%$1M115.0K
22INVESCO DB US DLR INDEX TRBULLISH FD1.16%$1M40.0K
23VABKVIRGINIA NATL BANKSHARES CORhistory →COM1.15%$1M26.9K
24NSSCNAPCO SEC TECHNOLOGIES INChistory →COM1.14%$1M27.4K
25180 DEGREE CAP CORPCOM NEW1.03%$1M297.1K
26NSTSNSTS BANCORP INCCOM1.00%$970,96593.8K
27FNWDFINWARD BANCORPCOM0.90%$873,72627.3K
28ECBKECB BANCORP INCCOM0.72%$700,54948.9K
29TEUCRIUM COMMODITY TRCORN FD SHS0.71%$686,97737.2K
30TIPTTIPTREE INCCOM0.62%$602,77630.8K
31PTBPOTBELLY CORPCOM0.60%$581,80769.8K
32ASLEAERSALE CORPORATIONCOM0.60%$580,750115.0K
33VALARIS LTDCL A0.57%$557,50010.0K
34PKSTPEAKSTONE REALTY TRUSTCOMMON SHARES0.56%$545,02340.0K
35FIRST BK WILLIAMSTOWN NEW JECOM0.52%$509,51933.5K
36SIRISIRIUSXM HOLDINGS INCCOMMON STOCK0.47%$453,93819.2K
37EFCUSDELLINGTON FINANCIAL INCCOM0.46%$452,06535.1K
38GREAT AJAX CORPCOM0.25%$244,02273.3K
39CTGOCONTANGO ORE INCCOM0.24%$235,03012.2K
40NBBKNB BANCORP INCCOM0.21%$207,01811.2K
41ODVOSISKO DEVELOPMENT CORPCOM NEW0.21%$201,52694.6K
42UBCPUNITED BANCORP INC OHIOCOM0.21%$201,49315.3K
43LXULSB INDS INCCOM0.17%$164,01620.4K
44SCORCOMSCORE INCCOM NEW0.16%$151,81822.4K
45CLSTCATALYST BANCORP INCCOMMON STOCK0.12%$120,32710.6K
46BRBSBLUE RIDGE BANKSHARES INC VACOM0.12%$120,21542.9K
47AWXAVALON HLDGS CORPCL A0.06%$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 ↗.