Raffles Associates LP
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Raffles Associates LP reported 49 stock positions worth $115.3 million. Its top holding was Southern Missouri Bancorp (SMBC) at 12.4% of the portfolio, followed by Lineage Cell Therapeutics (LCTX, 7.4%) and Eastern Bankshares (EBC, 6.7%). Compared with Q4 2025, it opened 5 new positions, sold out of 10, added to 7 and reduced 18. The biggest buy was Eastern Bankshares (EBC, shares +10%) and the biggest sale an exit from Proshares Ultra Vix St Futur (UVXY).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001169581
- Portfolio Value
- $115.3M (Q1 2026)
- SEC Filing
- 0001062993-26-002711 ↗ filed May 15, 2026
Holdings Value
Holdings 49 stocks · $115.3M
| SMBC Southern Missouri Bancorp | 12.36% | 222,885 | $14.3M | Reduce -1.1% |
| LCTX Lineage Cell Therapeutics Inc. | 7.35% | 5,362,788 | $8.5M | No change |
| EBC Eastern Bankshares Inc. | 6.70% | 394,788 | $7.7M | Add +9.7% |
| CBK Commercial Bancgroup Inc. | 5.60% | 248,258 | $6.5M | Reduce -0.7% |
| PROV Provident Financial Hldgs | 5.47% | 391,118 | $6.3M | Reduce -0.0% |
| IE Ivanhoe Electric Inc. / US | 5.46% | 532,077 | $6.3M | Reduce -7.2% |
| OFG Ofg Bancorp | 4.92% | 140,067 | $5.7M | Add +16.7% |
| GLIBK Liberty Capital Corp. Class C filed as GCI LIBERTY INC | 4.72% | 146,222 | $5.4M | Add +5.8% |
| VZLA Vizsla Silver Corp. | 4.31% | 1,504,010 | $5.0M | Reduce -9.1% |
| AFBI Affinity Bancshares Inc. | 3.84% | 198,842 | $4.4M | No change |
| VMD Viemed Healthcare Inc. | 3.31% | 413,691 | $3.8M | Reduce -1.0% |
| COSO Coastal South Bancshares Inc. | 2.59% | 121,281 | $3.0M | No change |
| ASLE Aersale Corp. | 2.48% | 460,000 | $2.9M | Reduce -4.2% |
| GLL Proshares Ultrashort Gold | 2.28% | 130,000 | $2.6M | Reduce -42.2% |
| MSOS Advisorshares Pure US Cann | 1.97% | 640,000 | $2.3M | Add +62.0% |
| JOB Gee Group Inc. | 1.97% | 9,449,696 | $2.3M | Reduce -0.6% |
| ESOA Energy Services of America | 1.94% | 170,392 | $2.2M | Reduce -14.5% |
| JETS US Global Jets ETF | 1.60% | 75,000 | $1.8M | New |
| TMF Dir DLY 20+YR TR BL3X ETF-Ui | 1.56% | 50,000 | $1.8M | New |
| MAYS Mays (j.w.) Inc. | 1.53% | 44,431 | $1.8M | No change |
| PERI Perion Network Ltd. | 1.48% | 170,279 | $1.7M | Add +79.2% |
| MNR Mach Natural Resources LP | 1.40% | 115,000 | $1.6M | No change |
| MBBC Marathon Bancorp Inc. | 1.26% | 107,664 | $1.5M | No change |
| NECB Northeast Community Bancorp | 1.23% | 59,500 | $1.4M | No change |
| CTGO Contango Silver & Gold Inc. | 1.16% | 71,406 | $1.3M | No change |
| FBLA FB Bancorp Inc. | 1.16% | 97,099 | $1.3M | No change |
| JOF Japan Smaller Capitalization | 1.05% | 110,967 | $1.2M | Reduce -20.4% |
| NSTS NSTS Bancorp Inc. | 0.95% | 93,774 | $1.1M | No change |
| FNWD Finward Bancorp | 0.84% | 26,580 | $965K | No change |
| NSSC Napco Security Technologies | 0.83% | 24,424 | $962K | No change |
| TIPT Tiptree Inc. | 0.82% | 55,801 | $944K | Add +36.8% |
| PROSHARES ULTRASHORT BLOOMBE | 0.72% | 100,000 | $832K | New |
| VABK Virginia National Bankshares | 0.62% | 18,812 | $719K | Reduce -0.1% |
| FBP First Bancorp Puerto Rico | 0.59% | 31,874 | $681K | Reduce -76.0% |
| NXE Nexgen Energy Ltd. | 0.50% | 50,000 | $580K | Reduce -71.4% |
| ABTC American Bitcoin Corp. | 0.45% | 555,000 | $513K | Reduce -20.7% |
| SIRI Sirius XM Holdings Inc. | 0.38% | 19,194 | $443K | No change |
| KELYA Kelly Services Inc. Class A | 0.38% | 50,000 | $443K | Reduce -42.4% |
| NWFL Norwood Financial Corp. | 0.32% | 12,449 | $366K | No change |
| HYNE Hoyne Bancorp Inc. | 0.30% | 23,897 | $346K | No change |
| NBBK NB Bancorp Inc. | 0.27% | 14,874 | $313K | Reduce -47.6% |
| IAUX I-80 Gold Corp. | 0.26% | 195,000 | $296K | No change |
| UBCP United Bancorp Inc. | 0.23% | 17,699 | $269K | No change |
| ECBK Ecb Bancorp Inc. | 0.19% | 13,399 | $224K | Reduce -6.0% |
| HHS Harte-Hanks Inc. | 0.17% | 87,757 | $199K | Add +0.0% |
| FMNB Farmers Natl Banc Corp. | 0.17% | 15,000 | $197K | New |
| CLST Catalyst Bancorp Inc. | 0.15% | 10,555 | $175K | No change |
| AP Ampco-Pittsburgh Corp. | 0.09% | 15,000 | $101K | New |
| AWX Avalon Holdings Corp. Class A | 0.06% | 25,214 | $65K | No change |
Portfolio Sells Q4 2025 → Q1 2026
| UVXY Proshares Ultra Vix St Futur | Sold out | 0.00% | −2.96 |
| UUP Invesco DB US Dollar Index B | Sold out | 0.00% | −2.53 |
| VZLA Vizsla Silver Corp. | Reduce -9.1% | 4.31% | −2.48 |
| GLL Proshares Ultrashort Gold | Reduce -42.2% | 2.28% | −2.14 |
| FBP First Bancorp Puerto Rico | Reduce -76.0% | 0.59% | −1.48 |
| IE Ivanhoe Electric Inc. / US | Reduce -7.2% | 5.46% | −1.41 |
| DIREXION SHS ETF TR | Sold out | 0.00% | −1.12 |
| PKST Peakstone Realty Trust | Sold out | 0.00% | −1.04 |
| VXX Ipath Series B S&P 500 Vix | Sold out | 0.00% | −0.99 |
| DIREXION SHS ETF TR | Sold out | 0.00% | −0.84 |
| NXE Nexgen Energy Ltd. | Reduce -71.4% | 0.50% | −0.70 |
| VG Venture Global Inc. Class A | Sold out | 0.00% | −0.51 |
| ABTC American Bitcoin Corp. | Reduce -20.7% | 0.45% | −0.45 |
| ALTO Alto Ingredients Inc. | Sold out | 0.00% | −0.22 |
| PROSHARES TR II | Sold out | 0.00% | −0.20 |
| KELYA Kelly Services Inc. Class A | Reduce -42.4% | 0.38% | −0.19 |
| NBBK NB Bancorp Inc. | Reduce -47.6% | 0.27% | −0.15 |
| JOF Japan Smaller Capitalization | Reduce -20.4% | 1.05% | −0.11 |
| ASLE Aersale Corp. | Reduce -4.2% | 2.48% | −0.08 |
| GFR Greenfire Resources Ltd. | Sold out | 0.00% | −0.04 |
| ECBK Ecb Bancorp Inc. | Reduce -6.0% | 0.19% | +0.01 |
| VABK Virginia National Bankshares | Reduce -0.1% | 0.62% | +0.06 |
| JOB Gee Group Inc. | Reduce -0.6% | 1.97% | +0.58 |
| ESOA Energy Services of America | Reduce -14.5% | 1.94% | +0.72 |
| PROV Provident Financial Hldgs | Reduce -0.0% | 5.47% | +0.80 |
| VMD Viemed Healthcare Inc. | Reduce -1.0% | 3.31% | +0.98 |
| CBK Commercial Bancgroup Inc. | Reduce -0.7% | 5.60% | +1.00 |
| SMBC Southern Missouri Bancorp | Reduce -1.1% | 12.36% | +2.37 |
Portfolio Buys Q4 2025 → Q1 2026
| EBC Eastern Bankshares Inc. | Add +9.7% | 6.70% | +1.73 |
| JETS US Global Jets ETF | New | 1.60% | +1.60 |
| TMF Dir DLY 20+YR TR BL3X ETF-Ui | New | 1.56% | +1.56 |
| OFG Ofg Bancorp | Add +16.7% | 4.92% | +1.23 |
| GLIBK Liberty Capital Corp. Class C | Add +5.8% | 4.72% | +0.86 |
| PERI Perion Network Ltd. | Add +79.2% | 1.48% | +0.79 |
| PROSHARES ULTRASHORT BLOOMBE | New | 0.72% | +0.72 |
| MSOS Advisorshares Pure US Cann | Add +62.0% | 1.97% | +0.57 |
| TIPT Tiptree Inc. | Add +36.8% | 0.82% | +0.26 |
| FMNB Farmers Natl Banc Corp. | New | 0.17% | +0.17 |
| AP Ampco-Pittsburgh Corp. | New | 0.09% | +0.09 |
| HHS Harte-Hanks Inc. | Add +0.0% | 0.17% | −0.03 |
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 |