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RAFFLES ASSOCIATES LP — 13F Holdings & Portfolio

CIK 1169581 · latest 13F-HR filed 2026-08-14

Backtest portfolio

RAFFLES ASSOCIATES LP manages $110.5M in 13F-reported U.S. long-equity assets across 47 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are SMBC (14.56%), GLIBK (11.07%), EBC (7.54%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 5 new positions and exited 7; 22 existing positions rose in reported value and 9 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$110.5M

Long-equity book

Holdings
47

Distinct positions

Period
2026-06-30

Filed 2026-08-14

Q/Q Activity
+5 / −7 / ↑22 / ↓9

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
SMBC13.7% · -5%GLIBK10.4% · +288%EBC7.1% · -5%CBK6.4% · -6%LCTX5.8% · -3%PROV5.7% · 0%OFG4.3% · -27%VZLA4.1% · -3%VMD3.9% · -2%IE3.9% · -10%UVXY3.0% · newCOSO2.6% · -8%ASLE2.5% · 0%ESOA2.4% · -15%PERI2.0% · +38%JOB1.7% · -0%CTGO1.5% · +58%MAYS1.5% · 0%NECB1.4% · 0%MBBC1.4% · 0%MSOS1.3% · -54%FBLA1.2% · 0%JOF1.1% · 0%GLL0.9% · -69%TIPT0.9% · 0%FNWD0.8% · 0%NXE0.8% · +100%AFBI0.8% · -79%NSSC0.8% · 0%VABK0.7% · -0%NSTS0.7% · -40%NBBK0.6% · +114%MSOX0.6% · newKELYA0.5% · 0%SIRI0.5% · 0%TRLV0.4% · newNWFL0.3% · -12%ABTC0.3% · -14%TSLS0.2% · newUBCP0.2% · 0%IAUX0.2% · 0%ECBK0.2% · -1%FMNB0.2% · 0%HHS0.2% · 0%CLST0.1% · 0%AP0.1% · 0%AWX0.1% · +3%BRBS0.0% · new

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 65.4%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 27, 2026.

Assets Under Management
$270.2M
Discretionary
$270.2M
Employees
2
Accounts
1
Address
5 PENN PLAZA
19TH FLOOR
NEW YORK, NY 10001
Phone
(212) 760-2322
Website
Name Title / Status Ownership Type
O'LEARY, JAMES, D. ControlCHIEF COMPLIANCE OFFICER
since Oct 2001
Less than 5%Individual
O'LEARY, PAUL, H. ControlMANAGING MEMBER
since Sep 1996
75% or moreIndividual

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

RAFFLES ASSOCIATES LP Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 SOUTHERN MO BANCORP INC SMBC 843380106 $16.1M 14.56% 211,153 SH
2 LIBERTY CAP CORP GLIBK 36164V800 $12.2M 11.07% 567,763 SH
3 EASTERN BANKSHARES INC EBC 27627N105 $8.3M 7.54% 374,788 SH
4 COMMERCIAL BANCGROUP INC CBK 20112C106 $7.5M 6.81% 233,110 SH
5 PROVIDENT FINL HLDGS INC PROV 743868101 $6.7M 6.09% 391,118 SH
6 OFG BANCORP OFG 67103X102 $5.0M 4.53% 102,067 SH
7 VIZSLA SILVER CORP VZLA 92859G608 $4.8M 4.34% 1,454,010 SH
8 VIEMED HEALTHCARE INC VMD 92663R105 $4.6M 4.16% 403,691 SH
9 IVANHOE ELECTRIC INC IE 46578C108 $4.6M 4.15% 477,077 SH
10 PROSHARES TR II UVXY 74347Y680 $3.5M 3.15% 139,790 SH
11 COASTALSOUTH BANCSHARES INC COSO 19058X207 $3.0M 2.72% 112,138 SH
12 AERSALE CORPORATION ASLE 00810F106 $2.9M 2.63% 460,000 SH
13 ENERGY SERVICES OF AMER CORP ESOA 29271Q103 $2.8M 2.53% 144,392 SH
14 PERION NETWORK LTD PERI M78673114 $2.3M 2.07% 235,779 SH
15 GEE GROUP INC JOB 36165A102 $2.0M 1.79% 9,399,696 SH
16 CONTANGO SILVER & GOLD INC CTGO 21077F100 $1.8M 1.62% 113,056 SH
17 MAYS J W INC MAYS 578473100 $1.7M 1.57% 44,431 SH
18 NORTHEAST CMNTY BANCORP INC NECB 664121100 $1.7M 1.49% 59,500 SH
19 MARATHON BANCORP INC MBBC 565759206 $1.6M 1.49% 107,664 SH
20 ADVISORSHARES TR MSOS 00768Y453 $1.5M 1.36% 295,000 SH
21 FB BANCORP INC FBLA 31425A109 $1.5M 1.32% 97,099 SH
22 JAPAN SMALLER CAPITALIZATION JOF 47109U104 $1.3M 1.18% 110,967 SH
23 PROSHARES TR II GLL 74347Y698 $1.1M 0.98% 40,000 SH
24 TIPTREE INC TIPT 88822Q103 $1000.0K 0.90% 55,801 SH
25 FINWARD BANCORP FNWD 31812F109 $977.6K 0.88% 26,580 SH
26 NEXGEN ENERGY LTD NXE 65340P106 $939.0K 0.85% 100,000 SH
27 AFFINITY BANCSHARES INC AFBI 00832E103 $931.8K 0.84% 41,230 SH
28 NAPCO SEC TECHNOLOGIES INC NSSC 630402105 $927.6K 0.84% 24,424 SH
29 VIRGINIA NATL BK CHRLOTSVLE VABK 928031103 $834.0K 0.75% 18,792 SH
30 NSTS BANCORP INC NSTS 6293JP109 $778.7K 0.70% 56,589 SH
31 NB BANCORP INC NBBK 63945M107 $673.5K 0.61% 31,874 SH
32 ADVISORSHARES TR MSOX 00768Y289 $655.8K 0.59% 195,747 SH
33 KELLY SVCS INC KELYA 488152208 $614.0K 0.56% 50,000 SH
34 SIRIUSXM HOLDINGS INC SIRI 829933100 $567.0K 0.51% 19,194 SH
35 TRULIEVE CANNABIS CORP TCNNF 89788C104 $491.5K 0.44% 50,000 SH
36 NORWOOD FINANCIAL CORP NWFL 669549107 $352.0K 0.32% 10,949 SH
37 AMERICAN BITCOIN CORP. ABTC 02462A104 $326.9K 0.30% 480,000 SH
38 DIREXION SHARES ETF TRUST TSLS 25460E232 $284.2K 0.26% 75,000 SH
39 UNITED BANCORP INC OHIO UBCP 909911109 $281.1K 0.25% 17,699 SH
40 I-80 GOLD CORP IAUX 44955L106 $280.8K 0.25% 195,000 SH
41 ECB BANCORP INC ECBK 26828M106 $266.2K 0.24% 13,255 SH
42 FARMERS NATIONAL BANC CORP FMNB 309627107 $219.0K 0.20% 15,000 SH
43 HARTE HANKS INC HHS 416196202 $189.6K 0.17% 87,757 SH
44 CATALYST BANCORP INC CLST 14888L101 $174.3K 0.16% 10,555 SH
45 AMPCO-PITTSBURG CORP AP 032037103 $129.8K 0.12% 15,000 SH
46 AVALON HLDGS CORP AWX 05343P109 $64.7K 0.06% 25,968 SH
47 BLUE RIDGE BANKSHARES INC VA BRBS 095825105 $40.0K 0.04% 11,341 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-17 $117.3M 48 0001062993-26-004449
2026-06-30 2026-08-14 $110.5M 47 0001062993-26-004433
2026-03-31 2026-05-15 $115.3M 49 0001062993-26-002711
2025-12-31 2026-02-17 $133.3M 54 0001062993-26-000967
2025-09-30 2025-11-14 $107.4M 49 0001062993-25-016861
Filer Information
Address
5 PENN PLAZA
19TH FLOOR
NEW YORK, NY 10001
Phone
(212) 760-2322
Filing Manager
RAFFLES ASSOCIATES LP
NEW YORK, NY
Signatory
Paul H. O'Leary
President of General Partner