Raffles Associates LP
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 17, 2026), Raffles Associates LP reported 48 stock positions worth $117.3 million. Its top holding was Southern Missouri Bancorp (SMBC) at 13.7% of the portfolio, followed by Liberty Capital Class C (GLIBK, 10.4%) and Eastern Bankshares (EBC, 7.1%). Compared with Q1 2026, it opened 5 new positions, sold out of 6, added to 6 and reduced 19. The biggest buy was Liberty Capital Class C (GLIBK, shares +288%) and the biggest sale Affinity Bancshares (AFBI, shares −79%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001169581
- Portfolio Value
- $117.3M (Q2 2026)
- SEC Filing
- 0001062993-26-004449 ↗ filed Aug 17, 2026
Holdings Value
Holdings 48 stocks · $117.3M
| SMBC Southern Missouri Bancorp | 13.71% | 211,153 | $16.1M | Reduce -5.3% |
| GLIBK Liberty Capital Corp. Class C | 10.43% | 567,763 | $12.2M | Add +288.3% |
| EBC Eastern Bankshares Inc. | 7.10% | 374,788 | $8.3M | Reduce -5.1% |
| CBK Commercial Bancgroup Inc. | 6.41% | 233,110 | $7.5M | Reduce -6.1% |
| LCTX Lineage Cell Therapeutics Inc. | 5.80% | 5,197,788 | $6.8M | Reduce -3.1% |
| PROV Provident Financial Hldgs | 5.73% | 391,118 | $6.7M | No change |
| OFG Ofg Bancorp | 4.27% | 102,067 | $5.0M | Reduce -27.1% |
| VZLA Vizsla Silver Corp. | 4.09% | 1,454,010 | $4.8M | Reduce -3.3% |
| VMD Viemed Healthcare Inc. | 3.92% | 403,691 | $4.6M | Reduce -2.4% |
| IE Ivanhoe Electric Inc. / US | 3.91% | 477,077 | $4.6M | Reduce -10.3% |
| UVXY Proshares Ultra Vix St Futur | 2.97% | 139,790 | $3.5M | New |
| COSO Coastal South Bancshares Inc. | 2.57% | 112,138 | $3.0M | Reduce -7.5% |
| ASLE Aersale Corp. | 2.48% | 460,000 | $2.9M | No change |
| ESOA Energy Services of America | 2.38% | 144,392 | $2.8M | Reduce -15.3% |
| PERI Perion Network Ltd. | 1.95% | 235,779 | $2.3M | Add +38.5% |
| JOB Gee Group Inc. | 1.68% | 9,399,696 | $2.0M | Reduce -0.5% |
| CTGO Contango Silver & Gold Inc. | 1.52% | 113,056 | $1.8M | Add +58.3% |
| MAYS Mays (j.w.) Inc. | 1.48% | 44,431 | $1.7M | No change |
| NECB Northeast Community Bancorp | 1.41% | 59,500 | $1.7M | No change |
| MBBC Marathon Bancorp Inc. | 1.40% | 107,664 | $1.6M | No change |
| MSOS Advisorshares Pure US Cann | 1.28% | 295,000 | $1.5M | Reduce -53.9% |
| FBLA FB Bancorp Inc. | 1.25% | 97,099 | $1.5M | No change |
| JOF Japan Smaller Capitalization | 1.11% | 110,967 | $1.3M | No change |
| GLL Proshares Ultrashort Gold | 0.92% | 40,000 | $1.1M | Reduce -69.2% |
| TIPT Tiptree Inc. | 0.85% | 55,801 | $1000K | No change |
| FNWD Finward Bancorp | 0.83% | 26,580 | $978K | No change |
| NXE Nexgen Energy Ltd. | 0.80% | 100,000 | $939K | Add +100.0% |
| AFBI Affinity Bancshares Inc. | 0.79% | 41,230 | $932K | Reduce -79.3% |
| NSSC Napco Security Technologies | 0.79% | 24,424 | $928K | No change |
| VABK Virginia National Bankshares | 0.71% | 18,792 | $834K | Reduce -0.1% |
| NSTS NSTS Bancorp Inc. | 0.66% | 56,589 | $779K | Reduce -39.6% |
| NBBK NB Bancorp Inc. | 0.57% | 31,874 | $673K | Add +114.3% |
| MSOX Advisorshare Msos DLY LVR-US | 0.56% | 195,747 | $656K | New |
| KELYA Kelly Services Inc. Class A | 0.52% | 50,000 | $614K | No change |
| SIRI Sirius XM Holdings Inc. | 0.48% | 19,194 | $567K | No change |
| TRLV Trulieve Cannabis Corp. | 0.42% | 50,000 | $492K | New |
| NWFL Norwood Financial Corp. | 0.30% | 10,949 | $352K | Reduce -12.1% |
| ABTC American Bitcoin Corp. | 0.28% | 480,000 | $327K | Reduce -13.5% |
| DIREXION SHARES ETF TRUST | 0.24% | 75,000 | $284K | New |
| UBCP United Bancorp Inc. | 0.24% | 17,699 | $281K | No change |
| IAUX I-80 Gold Corp. | 0.24% | 195,000 | $281K | No change |
| ECBK Ecb Bancorp Inc. | 0.23% | 13,255 | $266K | Reduce -1.1% |
| FMNB Farmers Natl Banc Corp. | 0.19% | 15,000 | $219K | No change |
| HHS Harte-Hanks Inc. | 0.16% | 87,757 | $190K | No change |
| CLST Catalyst Bancorp Inc. | 0.15% | 10,555 | $174K | No change |
| AP Ampco-Pittsburgh Corp. | 0.11% | 15,000 | $130K | No change |
| AWX Avalon Holdings Corp. Class A | 0.06% | 25,968 | $65K | Add +3.0% |
| BRBS Blue Ridge Bankshares Inc. | 0.03% | 11,341 | $40K | New |
Portfolio Sells Q1 2026 → Q2 2026
| AFBI Affinity Bancshares Inc. | Reduce -79.3% | 0.79% | −3.05 |
| JETS US Global Jets ETF | Sold out | 0.00% | −1.60 |
| TMF Dir DLY 20+YR TR BL3X ETF-Ui | Sold out | 0.00% | −1.56 |
| IE Ivanhoe Electric Inc. / US | Reduce -10.3% | 3.91% | −1.55 |
| LCTX Lineage Cell Therapeutics Inc. | Reduce -3.1% | 5.80% | −1.55 |
| MNR Mach Natural Resources LP | Sold out | 0.00% | −1.40 |
| GLL Proshares Ultrashort Gold | Reduce -69.2% | 0.92% | −1.36 |
| PROSHARES ULTRASHORT BLOOMBE | Sold out | 0.00% | −0.72 |
| MSOS Advisorshares Pure US Cann | Reduce -53.9% | 1.28% | −0.69 |
| OFG Ofg Bancorp | Reduce -27.1% | 4.27% | −0.65 |
| FBP First Bancorp Puerto Rico | Sold out | 0.00% | −0.59 |
| HYNE Hoyne Bancorp Inc. | Sold out | 0.00% | −0.30 |
| JOB Gee Group Inc. | Reduce -0.5% | 1.68% | −0.29 |
| NSTS NSTS Bancorp Inc. | Reduce -39.6% | 0.66% | −0.28 |
| VZLA Vizsla Silver Corp. | Reduce -3.3% | 4.09% | −0.22 |
| ABTC American Bitcoin Corp. | Reduce -13.5% | 0.28% | −0.17 |
| COSO Coastal South Bancshares Inc. | Reduce -7.5% | 2.57% | −0.02 |
| NWFL Norwood Financial Corp. | Reduce -12.1% | 0.30% | −0.02 |
| ECBK Ecb Bancorp Inc. | Reduce -1.1% | 0.23% | +0.03 |
| VABK Virginia National Bankshares | Reduce -0.1% | 0.71% | +0.09 |
| EBC Eastern Bankshares Inc. | Reduce -5.1% | 7.10% | +0.40 |
| ESOA Energy Services of America | Reduce -15.3% | 2.38% | +0.44 |
| VMD Viemed Healthcare Inc. | Reduce -2.4% | 3.92% | +0.62 |
| CBK Commercial Bancgroup Inc. | Reduce -6.1% | 6.41% | +0.81 |
| SMBC Southern Missouri Bancorp | Reduce -5.3% | 13.71% | +1.35 |
Portfolio Buys Q1 2026 → Q2 2026
| GLIBK Liberty Capital Corp. Class C | Add +288.3% | 10.43% | +5.71 |
| UVXY Proshares Ultra Vix St Futur | New | 2.97% | +2.97 |
| MSOX Advisorshare Msos DLY LVR-US | New | 0.56% | +0.56 |
| PERI Perion Network Ltd. | Add +38.5% | 1.95% | +0.48 |
| TRLV Trulieve Cannabis Corp. | New | 0.42% | +0.42 |
| CTGO Contango Silver & Gold Inc. | Add +58.3% | 1.52% | +0.36 |
| NBBK NB Bancorp Inc. | Add +114.3% | 0.57% | +0.30 |
| NXE Nexgen Energy Ltd. | Add +100.0% | 0.80% | +0.30 |
| DIREXION SHARES ETF TRUST | New | 0.24% | +0.24 |
| BRBS Blue Ridge Bankshares Inc. | New | 0.03% | +0.03 |
| AWX Avalon Holdings Corp. Class A | Add +3.0% | 0.06% | −0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026Amended | 48 | $117.3M | SMBC, GLIBK, EBC, CBK, LCTX |
| Q1 2026 | 49 | $115.3M | SMBC, LCTX, EBC, CBK, PROV |
| Q4 2025 | 54 | $133.3M | SMBC, IE, VZLA, LCTX, EBC |
| Q3 2025 | 49 | $107.4M | SMBC, LCTX, IE, VZLA, EBC |
| Q2 2025 | 48 | $96.0M | SMBC, IE, PROV, EBC, OFG |
| Q1 2025 | 43 | $82.1M | SMBC, IE, EBC, PROV, OFG |
| Q4 2024 | 49 | $92.8M | SMBC, IE, PROV, EBC, OFG |
| Q3 2024 | 48 | $97.4M | SMBC, IE, EBC, PROV, OFG |
| Q2 2024 | 52 | $88.8M | SMBC, EBC, IE, OFG, PROV |
| Q1 2024 | 51 | $86.1M | SMBC, EBC, IE, PROV, OFG |