RAFFLES ASSOCIATES LP
CIK 1169581 · View on SEC EDGAR ↗
- Portfolio value
- $117.3M
- Positions
- 48
- As of
- June 30, 2026
#8,077 of 9,443 by 13F value · top 85.5%
Portfolio value QoQ: +1.8% 13F does not disclose cash
- Top 10 holdings weight
- 65.39%
- Top 25 holdings weight
- 90.63%
- Positions above 1%
- 23
- Effective number of positions
- 17.4
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 13.9% Est. buys $16,163,579 · sells $20,951,786
Median holding: 4.0 quarters Tracked Q4 2024–Q2 2026 · 56.5% still held
- New positions
- 5
- Increased
- 6
- Decreased
- 19
- Closed
- 6
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
- Related The person behind this filer, where we can match one.
Sector breakdown
Financials
49.4%
Telecommunication
10.4%
Health Care
3.9%
Industrials
3.8%
Energy
3.2%
Communication Services
2.6%
Real Estate
1.5%
Technology
0.3%
Materials
0.1%
Other/Unmapped
24.8%
Full portfolio 48 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| SMBC Southern Missouri Bancorp, Inc. - Common Stock | $16,091,970 | 13.71% | 211,153 | $1,840,703 | Down ×4 | ||
| GLIBK GCI Liberty, Inc. - Series C GCI Group Common Stock | $12,240,970 | 10.43% | 567,763 | $6,800,049 | Up ×2 | ||
| EBC Eastern Bankshares, Inc. - Common Stock | $8,335,285 | 7.10% | 374,788 | $613,232 | Down ×1 | ||
| CBK Commercial Bancgroup, Inc. - Common Stock | $7,527,122 | 6.41% | 233,110 | $1,067,449 | Down ×2 | ||
| LCTX | $6,809,102 | 5.80% | 5,197,788 | $-1,664,103 | Down ×1 | ||
| PROV Provident Financial Holdings, Inc. - Common Stock | $6,727,230 | 5.73% | 391,118 | $422,408 | |||
| OFG OFG Bancorp Common Stock | $5,008,428 | 4.27% | 102,067 | $-658,683 | Down ×1 | ||
| VZLA | $4,798,233 | 4.09% | 1,454,010 | $-165,000 | Down ×3 | ||
| VMD Viemed Healthcare, Inc. - Common Shares | $4,602,077 | 3.92% | 403,691 | $791,983 | Down ×2 | ||
| IE | $4,584,710 | 3.91% | 477,077 | $-1,704,440 | Down ×6 | ||
| UVXY | $3,479,373 | 2.97% | 139,790 | ||||
| COSO CoastalSouth Bancshares, Inc. Common Stock | $3,010,905 | 2.57% | 112,138 | $28,605 | Down ×1 | ||
| ASLE AerSale Corporation - Common Stock | $2,907,200 | 2.48% | 460,000 | $46,000 | |||
| ESOA Energy Services of America Corporation - Common Stock | $2,792,541 | 2.38% | 144,392 | $555,294 | Down ×2 | ||
| PERI Perion Network Ltd - Ordinary Shares | $2,289,414 | 1.95% | 235,779 | $588,327 | Up ×3 | ||
| JOB | $1,973,936 | 1.68% | 9,399,696 | $-294,936 | Down ×2 | ||
| CTGO | $1,785,154 | 1.52% | 113,056 | $446,292 | Up ×1 | ||
| MAYS J. W. Mays, Inc. - Common Stock | $1,732,809 | 1.48% | 44,431 | $-34,434 | |||
| NECB NorthEast Community Bancorp, Inc. - Common Stock | $1,650,530 | 1.41% | 59,500 | $234,430 | |||
| MBBC Marathon Bancorp, Inc. - Common Stock | $1,645,106 | 1.40% | 107,664 | $188,412 | |||
| MSOS | $1,498,600 | 1.28% | 295,000 | $-773,400 | Down ×1 | ||
| FBLA FB Bancorp, Inc. - Common Stock | $1,462,311 | 1.25% | 97,099 | $128,171 | |||
| JOF Japan Smaller Capitalization Fund Inc Common Stock | $1,307,191 | 1.11% | 110,967 | $97,651 | |||
| GLL | $1,079,200 | 0.92% | 40,000 | $-1,544,200 | Down ×2 | ||
| TIPT Tiptree Inc. - Common Stock | $999,954 | 0.85% | 55,801 | $55,801 | |||
| FNWD Finward Bancorp - common stock | $977,612 | 0.83% | 26,580 | $12,758 | |||
| NXE Nexgen Energy Ltd. Common Shares | $939,000 | 0.80% | 100,000 | $359,000 | Up ×1 | ||
| AFBI Affinity Bancshares, Inc. - Common Stock | $931,798 | 0.79% | 41,230 | $-3,494,425 | Down ×1 | ||
| NSSC NAPCO Security Technologies, Inc. - Common Stock | $927,624 | 0.79% | 24,424 | $-34,437 | |||
| VABK Virginia National Bankshares Corporation - Common Stock | $833,989 | 0.71% | 18,792 | $115,371 | Down ×2 | ||
| NSTS NSTS Bancorp, Inc. - Common Stock | $778,665 | 0.66% | 56,589 | $-314,740 | Down ×1 | ||
| NBBK NB Bancorp, Inc. - Common Stock | $673,498 | 0.57% | 31,874 | $360,103 | Up ×1 | ||
| MSOX | $655,752 | 0.56% | 195,747 | Up ×1 | |||
| KELYA Kelly Services, Inc. - Class A Common Stock | $614,000 | 0.52% | 50,000 | $171,500 | |||
| SIRI SiriusXM Holdings Inc. - Common Stock | $566,991 | 0.48% | 19,194 | $123,993 | |||
| TCNNF | $491,500 | 0.42% | 50,000 | Up ×1 | |||
| NWFL Norwood Financial Corp. - Common Stock | $352,010 | 0.30% | 10,949 | $-14,240 | Down ×1 | ||
| ABTC American Bitcoin Corp. - Class A Common Stock | $326,928 | 0.28% | 480,000 | $-186,114 | Down ×2 | ||
| TZA | $284,250 | 0.24% | 75,000 | Up ×1 | |||
| UBCP United Bancorp, Inc. - Common Stock | $281,060 | 0.24% | 17,699 | $11,858 | |||
| IAUX | $280,800 | 0.24% | 195,000 | $-15,600 | |||
| ECBK ECB Bancorp, Inc. - Common Stock | $266,160 | 0.23% | 13,255 | $41,995 | Down ×6 | ||
| FMNB Farmers National Banc Corp. - Common Stock | $219,000 | 0.19% | 15,000 | $21,600 | |||
| HHS Harte Hanks, Inc. - Common Stock | $189,555 | 0.16% | 87,757 | $-9,653 | |||
| CLST Catalyst Bancorp, Inc. - common stock | $174,263 | 0.15% | 10,555 | $-528 | |||
| AP Ampco-Pittsburgh Corporation Common Stock | $129,750 | 0.11% | 15,000 | $28,950 | |||
| AWX | $64,660 | 0.06% | 25,968 | $-644 | Up ×1 | ||
| BRBS | $40,034 | 0.03% | 11,341 | ||||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| PERI | $2,289,414 | 1.95% | up ×3 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| UVXY | $3,479,373 | 139,790 | 2.97% |
| MSOX | $655,752 | 195,747 | 0.56% |
| TCNNF | $491,500 | 50,000 | 0.42% |
| TZA | $284,250 | 75,000 | 0.24% |
| BRBS | $40,034 | 11,341 | 0.03% |
Top movers (QoQ)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| UVXY | March 31, 2026 | 110,000 | $3,952,300 | No longer tracked |
| UVXYXXXX | Dec. 31, 2025 | 345,000 | $3,601,800 | No longer tracked |
| UUP | March 31, 2026 | 125,000 | $3,378,750 | No longer tracked |
| GLL | Sept. 30, 2025 | 115,000 | $2,559,900 | No longer tracked |
| TDW | March 31, 2025 | 41,000 | $2,243,110 | 129.1% |
| JETS | June 30, 2026 | 75,000 | $1,847,250 | No longer tracked |
| TMF | June 30, 2026 | 50,000 | $1,803,000 | No longer tracked |
| GLLXXXX | June 30, 2025 | 135,000 | $1,710,450 | No longer tracked |
| MNR | June 30, 2026 | 115,000 | $1,610,000 | -0.2% |
| SQQQ | Dec. 31, 2025 | 100,000 | $1,523,000 | |
| DUST | March 31, 2026 | 200,000 | $1,488,000 | No longer tracked |
| PKST | March 31, 2026 | 97,078 | $1,393,069 | No longer tracked |
| VXX | March 31, 2026 | 50,000 | $1,323,500 | No longer tracked |
| MJXXXX | March 31, 2025 | 525,000 | $1,176,000 | No longer tracked |
| JDST | March 31, 2026 | 425,000 | $1,117,750 | No longer tracked |
| FCX | Dec. 31, 2025 | 25,000 | $980,500 | 51.8% |
| TURN | Sept. 30, 2025 | 227,293 | $903,171 | No longer tracked |
| SCO | June 30, 2026 | 100,000 | $832,000 | No longer tracked |
| PBPB | Sept. 30, 2025 | 59,761 | $732,072 | No longer tracked |
| SDS | Dec. 31, 2025 | 50,000 | $722,500 | No longer tracked |
| PEP | Dec. 31, 2025 | 5,000 | $702,200 | -0.6% |
| VG | March 31, 2026 | 100,000 | $682,000 | -9.4% |
| FBP | June 30, 2026 | 31,874 | $680,829 | 9.2% |
| SQQQ | March 31, 2025 | 20,000 | $622,800 | |
| RNGR | June 30, 2025 | 34,239 | $485,851 | 46.1% |
| RPT | Dec. 31, 2025 | 176,520 | $444,830 | -21.2% |
| PPLT | March 31, 2025 | 5,000 | $415,250 | No longer tracked |
| HYNE | June 30, 2026 | 23,897 | $345,909 | -0.8% |
| TLRY | March 31, 2025 | 250,000 | $332,500 | 630.3% |
| FRBA | Sept. 30, 2025 | 20,394 | $315,495 | 11.5% |
| ALTO | March 31, 2026 | 100,000 | $288,000 | -10.5% |
| YINN | March 31, 2025 | 10,000 | $279,400 | No longer tracked |
| ZSL | March 31, 2026 | 50,000 | $267,000 | No longer tracked |
| SOC | Dec. 31, 2025 | 15,000 | $261,900 | -40.5% |
| BTE | March 31, 2025 | 100,000 | $258,000 | 116.8% |
| COPJ | March 31, 2025 | 11,677 | $215,441 | |
| BRBS | Sept. 30, 2025 | 55,934 | $200,803 | No longer tracked |
| IAUX | Sept. 30, 2025 | 300,000 | $179,520 | No longer tracked |
| HAIN | Dec. 31, 2025 | 95,160 | $150,353 | -37.9% |
| MLCI | Dec. 31, 2025 | 11,440 | $89,232 | -59.4% |
| GFR | March 31, 2026 | 10,444 | $49,713 | 1.3% |