Raffles Associates LP
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Raffles Associates LP reported 48 stock positions worth $97.4 million. Its top holding was Southern Missouri Bancorp (SMBC) at 13.5% of the portfolio, followed by Ivanhoe Electric Inc. / US (IE, 9.6%) and Eastern Bankshares (EBC, 5.9%). Compared with Q2 2024, it opened 6 new positions, sold out of 10, added to 13 and reduced 13. The biggest buy was a new position in Occidental Petroleum (OXY) and the biggest sale NB Bancorp (NBBK, shares −95%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001169581
- Portfolio Value
- $97.4M (Q3 2024)
- SEC Filing
- 0001062993-24-019170 ↗ filed Nov 14, 2024
Holdings Value
Holdings 48 stocks · $97.4M
| SMBC Southern Missouri Bancorp | 13.51% | 233,047 | $13.2M | Reduce -3.8% |
| IE Ivanhoe Electric Inc. / US | 9.65% | 1,111,077 | $9.4M | Add +70.0% |
| EBC Eastern Bankshares Inc. | 5.88% | 349,788 | $5.7M | Reduce -29.8% |
| PROV Provident Financial Hldgs | 5.79% | 393,420 | $5.6M | No change |
| OFG Ofg Bancorp | 5.54% | 120,067 | $5.4M | Reduce -14.9% |
| FBP First Bancorp Puerto Rico | 5.28% | 242,874 | $5.1M | No change |
| PROSHARES TR | 4.87% | 230,000 | $4.7M | Add +12.2% |
| AFBI Affinity Bancshares Inc. | 4.37% | 198,919 | $4.3M | Reduce -0.6% |
| LCTX Lineage Cell Therapeutics Inc. | 4.19% | 4,507,781 | $4.1M | Add +3.4% |
| VZLA Vizsla Silver Corp. | 3.34% | 1,694,010 | $3.3M | Add +111.7% |
| VMD Viemed Healthcare Inc. | 3.03% | 402,691 | $3.0M | Add +11.0% |
| OXY Occidental Petroleum Corp. | 2.91% | 55,000 | $2.8M | New |
| PROSHARES TR II | 2.56% | 100,000 | $2.5M | Add +300.0% |
| JOB Gee Group Inc. | 2.54% | 9,499,638 | $2.5M | No change |
| MAYS Mays (j.w.) Inc. | 2.10% | 44,439 | $2.0M | No change |
| JOF Japan Smaller Capitalization | 1.90% | 224,025 | $1.9M | Add +16.1% |
| MSOS Advisorshares Pure US Cann | 1.86% | 253,000 | $1.8M | Add +197.7% |
| NECB Northeast Community Bancorp | 1.67% | 61,500 | $1.6M | Reduce -5.4% |
| ESOA Energy Services of America | 1.66% | 170,533 | $1.6M | Reduce -21.6% |
| NXE Nexgen Energy Ltd. | 1.47% | 220,000 | $1.4M | Add +29.4% |
| RNGR Ranger Energy Services Class A | 1.41% | 115,000 | $1.4M | No change |
| UUP Invesco DB US Dollar Index B | 1.16% | 40,000 | $1.1M | New |
| VABK Virginia National Bankshares | 1.15% | 26,867 | $1.1M | No change |
| NSSC Napco Security Technologies | 1.14% | 27,424 | $1.1M | Reduce -17.9% |
| TURN 180 Degree Capital Corp. | 1.03% | 297,093 | $1.0M | Reduce -0.7% |
| NSTS NSTS Bancorp Inc. | 1.00% | 93,813 | $971K | No change |
| FNWD Finward Bancorp | 0.90% | 27,321 | $874K | No change |
| ECBK Ecb Bancorp Inc. | 0.72% | 48,921 | $701K | Reduce -3.1% |
| CORN Teucrium Corn Fund | 0.71% | 37,155 | $687K | Add +36.8% |
| TIPT Tiptree Inc. | 0.62% | 30,801 | $603K | No change |
| PBPB Potbelly Corp. | 0.60% | 69,761 | $582K | Reduce -6.7% |
| ASLE Aersale Corp. | 0.60% | 115,000 | $581K | Add +15.0% |
| VAL Valaris Ltd. | 0.57% | 10,000 | $558K | New |
| PKST Peakstone Realty Trust | 0.56% | 39,987 | $545K | Add +42.9% |
| PROSHARES ULTRASHORT GOLD | 0.53% | 30,000 | $520K | New |
| FRBA First Bank/Hamilton NJ | 0.52% | 33,521 | $510K | No change |
| SIRI Sirius XM Holdings Inc. | 0.47% | 19,194 | $454K | New |
| EFC Ellington Financial Inc. | 0.46% | 35,071 | $452K | No change |
| RITHM PPTY TR INC filed as GREAT AJAX CORP | 0.25% | 73,280 | $244K | Add +82.7% |
| CTGO Contango Silver & Gold Inc. | 0.24% | 12,203 | $235K | No change |
| NBBK NB Bancorp Inc. | 0.21% | 11,154 | $207K | Reduce -95.0% |
| OSISKO DEVELOPMENT CORP | 0.21% | 94,613 | $202K | Reduce -35.9% |
| UBCP United Bancorp Inc. | 0.21% | 15,346 | $201K | No change |
| LXU LSB Industries Inc. | 0.17% | 20,400 | $164K | No change |
| SCOR Comscore Inc. | 0.16% | 22,359 | $152K | Reduce -14.9% |
| CLST Catalyst Bancorp Inc. | 0.12% | 10,555 | $120K | No change |
| BRBS Blue Ridge Bankshares Inc. | 0.12% | 42,934 | $120K | New |
| AWX Avalon Holdings Corp. Class A | 0.06% | 22,941 | $59K | No change |
Portfolio Sells Q2 2024 → Q3 2024
| NBBK NB Bancorp Inc. | Reduce -95.0% | 0.21% | −3.58 |
| BARCLAYS BANK PLC | Sold out | 0.00% | −2.21 |
| EBC Eastern Bankshares Inc. | Reduce -29.8% | 5.88% | −1.96 |
| PROSHARES TR | Sold out | 0.00% | −1.63 |
| OR Osisko Gold Royalties Ltd. | Sold out | 0.00% | −1.18 |
| NSSC Napco Security Technologies | Reduce -17.9% | 1.14% | −0.82 |
| LSXMA Liberty Media Corp. Class A New | Sold out | 0.00% | −0.45 |
| SAND Sandstorm Gold Ltd. | Sold out | 0.00% | −0.44 |
| OFG Ofg Bancorp | Reduce -14.9% | 5.54% | −0.42 |
| AFBI Affinity Bancshares Inc. | Reduce -0.6% | 4.37% | −0.41 |
| SCOR Comscore Inc. | Reduce -14.9% | 0.16% | −0.26 |
| TURN 180 Degree Capital Corp. | Reduce -0.7% | 1.03% | −0.25 |
| YCL Proshares Ultra Yen | Sold out | 0.00% | −0.23 |
| ASA ASA Gold and Precious Metals | Sold out | 0.00% | −0.22 |
| VOXX Voxx International Corp. | Sold out | 0.00% | −0.14 |
| FSEA First Seacoast Bancorp Inc. | Sold out | 0.00% | −0.14 |
| OSISKO DEVELOPMENT CORP | Reduce -35.9% | 0.21% | −0.10 |
| WNEB Western New England Bancorp | Sold out | 0.00% | −0.09 |
| ESOA Energy Services of America | Reduce -21.6% | 1.66% | −0.09 |
| PBPB Potbelly Corp. | Reduce -6.7% | 0.60% | −0.08 |
| ECBK Ecb Bancorp Inc. | Reduce -3.1% | 0.72% | +0.01 |
| NECB Northeast Community Bancorp | Reduce -5.4% | 1.67% | +0.36 |
| SMBC Southern Missouri Bancorp | Reduce -3.8% | 13.51% | +1.23 |
Portfolio Buys Q2 2024 → Q3 2024
| OXY Occidental Petroleum Corp. | New | 2.91% | +2.91 |
| IE Ivanhoe Electric Inc. / US | Add +70.0% | 9.65% | +2.74 |
| PROSHARES TR II | Add +300.0% | 2.56% | +1.90 |
| VZLA Vizsla Silver Corp. | Add +111.7% | 3.34% | +1.72 |
| MSOS Advisorshares Pure US Cann | Add +197.7% | 1.86% | +1.16 |
| UUP Invesco DB US Dollar Index B | New | 1.16% | +1.16 |
| VAL Valaris Ltd. | New | 0.57% | +0.57 |
| PROSHARES ULTRASHORT GOLD | New | 0.53% | +0.53 |
| SIRI Sirius XM Holdings Inc. | New | 0.47% | +0.47 |
| VMD Viemed Healthcare Inc. | Add +11.0% | 3.03% | +0.35 |
| JOF Japan Smaller Capitalization | Add +16.1% | 1.90% | +0.25 |
| PKST Peakstone Realty Trust | Add +42.9% | 0.56% | +0.23 |
| CORN Teucrium Corn Fund | Add +36.8% | 0.71% | +0.14 |
| NXE Nexgen Energy Ltd. | Add +29.4% | 1.47% | +0.14 |
| BRBS Blue Ridge Bankshares Inc. | New | 0.12% | +0.12 |
| RITHM PPTY TR INC | Add +82.7% | 0.25% | +0.09 |
| ASLE Aersale Corp. | Add +15.0% | 0.60% | −0.18 |
| PROSHARES TR | Add +12.2% | 4.87% | −0.45 |
| LCTX Lineage Cell Therapeutics Inc. | Add +3.4% | 4.19% | −0.71 |
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 |