RAFFLES ASSOCIATES LP
Sector Allocation
- Financials52.8%$58.3M
- Other19.0%$21.0M
- Materials11.2%$12.4M
- Healthcare4.2%$4.6M
- Technology2.9%$3.2M
- Industrials2.6%$2.9M
- Consumer Discretionary2.6%$2.9M
- Energy2.5%$2.8M
- Real Estate1.6%$1.7M
- Communication Services0.5%$566,991
AUM History
13fpro.ai/research/fund/raffles-associates-lp-1169581
Conviction and streaks
Concentrating · top 10 = 66.4%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
SMBC
$16.1M- LIBERTY$12.2M
EBC
$8.3MCBK
$7.5MPROV
$6.7MOFG
$5.0MVZLA
$4.8MVMD
$4.6MIE
$4.6M- PROSHARES$3.5M
COSO
$3.0MASLE
$2.9MESOA
$2.8MPERI
$2.3MJOB
$2.0MCTGO
$1.8MMAYS
$1.7MNECB
$1.7MMBBC
$1.6M- ADVISORSHARES$1.5M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/raffles-associates-lp-1169581
RAFFLES ASSOCIATES LP 13F holdings — Q2 2026
$110.5M portfolio (-4.1% QoQ) · 47 holdings · Q2 2026 13F · top 10 are 66% of the stock portfolio
$16.1M
14.6% of stocks
-5%This quarter—Since Q-end—HeldAIQuality59.9#899Est. buy—- 2
LIBERTY CAP CORP - SER C GCI GROUP
$12.2M
11.1% of stocks
+288%This quarter—Since Q-end—HeldAIQuality—Est. buy— $8.3M
7.5% of stocks
-5%This quarter—Since Q-end—HeldAIQuality68.1#325Est. buy—$7.5M
6.8% of stocks
-6%This quarter—Since Q-end—HeldAIQuality50.9#1,585Est. buy—$6.7M
6.1% of stocks
No changeThis quarter—Since Q-end—HeldAIQuality35.7#2,287Est. buy—$5.0M
4.5% of stocks
-27%This quarter—Since Q-end—Held$4.8M
4.3% of stocks
-3%This quarter—Since Q-end—HeldAIQuality—Est. buy—$4.6M
4.2% of stocks
-2%This quarter—Since Q-end—Held$4.6M
4.2% of stocks
-10%This quarter—Since Q-end—Held- 10
PROSHARES TR II - ULTRA VIX SHORT
$3.5M
3.1% of stocks
NewThis quarter—Since Q-endNew this quarterHeldAIQuality—Est. buy—
| # | Company | Value | Weight | This quarter | Since Q-end | Held | AI quality | Est. buy | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | $16.1M | 14.6% | -5% | — | — | 59.9#899 | — | ||
| 2 | LIBERTY CAP CORP - SER C GCI GROUP | $12.2M | 11.1% | +288% | — | — | — | — | |
| 3 | $8.3M | 7.5% | -5% | — | — | 68.1#325 | — | ||
| 4 | $7.5M | 6.8% | -6% | — | — | 50.9#1,585 | — | ||
| 5 | $6.7M | 6.1% | No change | — | — | 35.7#2,287 | — | ||
| 6 | $5.0M | 4.5% | -27% | — | — | AI quality score is Pro: unlock with a free trial | — | ||
| 7 | $4.8M | 4.3% | -3% | — | — | — | — | ||
| 8 | $4.6M | 4.2% | -2% | — | — | AI quality score is Pro: unlock with a free trial | — | ||
| 9 | $4.6M | 4.2% | -10% | — | — | AI quality score is Pro: unlock with a free trial | — | ||
| 10 | PROSHARES TR II - ULTRA VIX SHORT | $3.5M | 3.1% | New | — | New this quarter | — | — |
All holdings — RAFFLES ASSOCIATES LP (Q2 2026)
47 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | CoastalSouth Bancshares, Inc. | Financials | $3.0M | 2.7% | 112K | -8% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | AerSale Corp | Consumer Discretionary | $2.9M | 2.6% | 460K | — | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | Energy Services of America CORP | Energy | $2.8M | 2.5% | 144K | -15% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | Perion Network Ltd. | Technology | $2.3M | 2.1% | 236K | +38% | — | — | 13F | |
| 15 | GEE Group Inc. | Industrials | $2.0M | 1.8% | 9.40M | -0.5% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | Contango Silver & Gold Inc. | Materials | $1.8M | 1.6% | 113K | +58% | — | — | 13F | |
| 17 | MAYS J W INC | Real Estate | $1.7M | 1.6% | 44K | — | — | — | 13F | |
| 18 | NorthEast Community Bancorp, Inc./MD/ | Financials | $1.7M | 1.5% | 60K | — | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | Marathon Bancorp, Inc. /MD/ | Financials | $1.6M | 1.5% | 108K | — | — | — | 13F | |
| 20 | — | ADVISORSHARES TR - PURE US CANN ETFetf/fund | — | $1.5M | 1.4% | 295K | -54% | — | — | 13F |
| 21 | FB Bancorp, Inc. /MD/ | Financials | $1.5M | 1.3% | 97K | — | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | JAPAN SMALLER CAPITALIZATION FUND INC | Other | $1.3M | 1.2% | 111K | — | — | — | 13F | |
| 23 | — | PROSHARES TR II - ULTRASHORT GOLDetf/fund | — | $1.1M | 1.0% | 40K | -69% | — | — | 13F |
| 24 | TIPTREE INC. | Financials | $1000K | 0.9% | 56K | — | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | Finward Bancorp | Financials | $978K | 0.9% | 27K | — | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $NXE | NexGen Energy Ltd. | Materials | $939K | 0.8% | 100K | +100% | |||
| 27 | $AFBI | Affinity Bancshares, Inc. | Financials | $932K | 0.8% | 41K | -79% | |||
| 28 | $NSSC | NAPCO SECURITY TECHNOLOGIES, INC | Technology | $928K | 0.8% | 24K | — | |||
| 29 | $VABK | Virginia National Bankshares Corp | Financials | $834K | 0.8% | 19K | -0.1% | |||
| 30 | $NSTS | NSTS Bancorp, Inc. | Financials | $779K | 0.7% | 57K | -40% | |||
| 31 | $NBBK | NB Bancorp, Inc. | Financials | $673K | 0.6% | 32K | +114% | |||
| 32 | — | ADVISORSHARES TR - MSOS DAILY LVRGD | — | $656K | 0.6% | 196K | New | |||
| 33 | $KELYA | KELLY SERVICES INC | Industrials | $614K | 0.6% | 50K | — | |||
| 34 | $SIRI | SIRIUS XM HOLDINGS INC. | Communication Services | $567K | 0.5% | 19K | — | |||
| 35 | — | TRULIEVE CANNABIS CORP - SUB VTG SHS | — | $492K | 0.4% | 50K | New | |||
| 36 | $NWFL | NORWOOD FINANCIAL CORP | Financials | $352K | 0.3% | 11K | -12% | |||
| 37 | $ABTC | American Bitcoin Corp. | Financials | $327K | 0.3% | 480K | -14% | |||
| 38 | — | DIREXION SHARES ETF TRUST - DAILY SMALL CAP | — | $284K | 0.3% | 75K | New | |||
| 39 | $UBCP | UNITED BANCORP INC /OH/ | Financials | $281K | 0.3% | 18K | — | |||
| 40 | $IAUX | i-80 Gold Corp. | Materials | $281K | 0.3% | 195K | — | |||
| 41 | $ECBK | ECB Bancorp, Inc. /MD/ | Financials | $266K | 0.2% | 13K | -1% | |||
| 42 | $FMNB | FARMERS NATIONAL BANC CORP /OH/ | Financials | $219K | 0.2% | 15K | — | |||
| 43 | $HHS | HARTE HANKS INC | Industrials | $190K | 0.2% | 88K | — | |||
| 44 | $CLST | Catalyst Bancorp, Inc. | Financials | $174K | 0.2% | 11K | — | |||
| 45 | $AP | AMPCO PITTSBURGH CORP | Industrials | $130K | 0.1% | 15K | — | |||
| 46 | $AWX | AVALON HOLDINGS CORP | Utilities | $65K | 0.1% | 26K | +3% | |||
| 47 | $BRBS | BLUE RIDGE BANKSHARES, INC. | Financials | $40K | 0.0% | 11K | New |
What changed in Q2 2026
Against the previous quarter's 13F: 5 new, 6 added to, 18 trimmed, 7 sold out. Share-count changes; largest moves by dollar size first.
New positions (5)
- PROSHARES TR II - ULTRA VIX SHORT$3.5M
first bought this quarter
- ADVISORSHARES TR - MSOS DAILY LVRGD$656K
first bought this quarter
- TRULIEVE CANNABIS CORP - SUB VTG SHS$492K
first bought this quarter
- DIREXION SHARES ETF TRUST - DAILY SMALL CAP$284K
first bought this quarter
$BRBSBLUE RIDGE BANKSHARES, INC.$40K
first bought this quarter
Added to (6)
Holdings by quarter
Every 13F RAFFLES ASSOCIATES LP has filed, 41 earlier quarters. Pick one to see what it held then.
Portfolio Overview
RAFFLES ASSOCIATES LP disclosed 47 positions worth $110.5M in its Form 13F-HR for Q2 2026, led by $SMBC (SOUTHERN MISSOURI BANCORP, INC.) at 14.6% of the equity portfolio. During the quarter the fund opened 5 new positions and exited 7 and a full exit from $LCTX. The portfolio is most concentrated in Financials (52.8% of disclosed assets). All figures are sourced directly from RAFFLES ASSOCIATES LP’s Form 13F-HR filing with the SEC under CIK 1169581.
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