Raffles Associates LP
Raffles Associates LP reported 48 US-listed holdings worth $227.9 million in its 13F for the quarter ended 30 June 2026, filed 17 August 2026. Its largest: Southern Mo Bancorp Inc. (14.1%), Gci Liberty Inc. (10.7%) and Eastern Bankshares, Inc. (7.3%). Against the quarter before, it opened 5 positions, added to 39, trimmed 4 and sold out of 6.
Reported holdings$227.9M+97.7% on Q1 2026
Positions48-1 on Q1 2026
The largest ten64.4%of its reported holdings
Latest 13FQ2 2026filed 17 August 2026
OpenedAdded toTrimmed
The 14 largest of its 48 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What its reported holdings returned
Held through each quarter, the holdings it reported returned +29.4% over the 7 quarters to 30 June 2026, against +30.2% for the S&P 500.
Its reported holdingsThe S&P 500
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Opened 5Added 39Trimmed 4Sold out 6
Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held
Opened 5
- ProShares Trust II UVXY$7.0 million
- Advisorshares Trust MSOX$1.3 million
- Trulieve Cannabis Corp. F TRLV$983,000
- Direxion SHS ETF Trust TZA$568,500
- Blue Ridge Bankshares Inc. Va BRBS$80,068
Added to 39
- Gci Liberty Inc. GLIBK+989,304 shares · +677%
- Southern Mo Bancorp Inc. SMBC+199,421 shares · +89%
- Eastern Bankshares, Inc. EBC+354,788 shares · +90%
- Commercial Bancgroup Inc. CBK+217,962 shares · +88%
- Provident Finl Hldgs Inc. PROV+391,118 shares · +100%
- Vizsla Silver Corp. VZLA+1.4 million shares · +93%
- Viemed Healthcare Inc. VMD+393,691 shares · +95%
- Ivanhoe Electric Inc. IE+422,077 shares · +79%
and 31 more in the table below
Trimmed 4
- Affinity Bancshares Inc. AFBI-116,382 shares · -59%
- ProShares Ultrashort GLL-50,000 shares · -38%
- Advisorshares Trust MSOS-50,000 shares · -8%
- Lineage Cell Therapeutics in LCTX-165,000 shares · -3%
Sold out of 6
- ETF Series Solutions JETS$1.8 million last quarter
- Direxion SHS ETF Trust TMF$1.8 million last quarter
- Mach Natural Resources LP MNR$1.6 million last quarter
- ProShares Trust II SCO$832,000 last quarter
- First Bancorp FBP$680,829 last quarter
- Hoyne Bancorp Inc. HYNE$345,909 last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Southern Mo Bancorp Inc. SMBC | 422.3K | $32.2 million | 14.12% | +199.4K |
| Gci Liberty Inc. GLIBK | 1.1M | $24.5 million | 10.74% | +989.3K |
| Eastern Bankshares, Inc. EBC | 749.6K | $16.7 million | 7.32% | +354.8K |
| Commercial Bancgroup Inc. CBK | 466.2K | $15.1 million | 6.61% | +218.0K |
| Provident Finl Hldgs Inc. PROV | 782.2K | $13.5 million | 5.90% | +391.1K |
| Ofg Bancorp OFG | 204.1K | $10.0 million | 4.40% | +64.1K |
| Vizsla Silver Corp. VZLA | 2.9M | $9.6 million | 4.21% | +1.4M |
| Viemed Healthcare Inc. VMD | 807.4K | $9.2 million | 4.04% | +393.7K |
| Ivanhoe Electric Inc. IE | 954.2K | $9.2 million | 4.02% | +422.1K |
| ProShares Trust II UVXY | 279.6K | $7.0 million | 3.05% | new |
| Lineage Cell Therapeutics in LCTX | 5.2M | $6.8 million | 2.99% | -165.0K |
| CoastalSouth Bancshares, Inc. COSO | 224.3K | $6.0 million | 2.64% | +103.0K |
| Aersale Corporation ASLE | 920.0K | $5.8 million | 2.55% | +460.0K |
| Energy Svcs Acquisition Corp. ESOA | 288.8K | $5.6 million | 2.45% | +118.4K |
| Perion Network Ltd PERI | 471.6K | $4.6 million | 2.01% | +301.3K |
| Gee Group Inc. JOB | 18.8M | $3.9 million | 1.73% | +9.3M |
| Contango Ore Inc. CTGO | 226.1K | $3.6 million | 1.57% | +154.7K |
| Mays J W Inc. MAYS | 88.9K | $3.5 million | 1.52% | +44.4K |
| Northeast Cmnty Bancorp Inc. NECB | 119.0K | $3.3 million | 1.45% | +59.5K |
| Marathon Bancorp Inc. MBBC | 215.3K | $3.3 million | 1.44% | +107.7K |
| Advisorshares Trust MSOS | 590.0K | $3.0 million | 1.32% | -50.0K |
| FB Bancorp Inc. FBLA | 194.2K | $2.9 million | 1.28% | +97.1K |
| Japan Smaller Capitalization JOF | 221.9K | $2.6 million | 1.15% | +111.0K |
| ProShares Ultrashort GLL | 80.0K | $2.2 million | 0.95% | -50.0K |
| Tiptree Inc. TIPT | 111.6K | $2.0 million | 0.88% | +55.8K |
| Finward Bancorp FNWD | 53.2K | $2.0 million | 0.86% | +26.6K |
| Nexgen Energy Ltd NXE | 200.0K | $1.9 million | 0.82% | +150.0K |
| Affinity Bancshares Inc. AFBI | 82.5K | $1.9 million | 0.82% | -116.4K |
| Napco Security Technologies, Inc. NSSC | 48.8K | $1.9 million | 0.81% | +24.4K |
| Virginia Natl Bankshares Cor VABK | 37.6K | $1.7 million | 0.73% | +18.8K |
| Nsts Bancorp Inc. Com NSTS | 113.2K | $1.6 million | 0.68% | +19.4K |
| NB Bancorp Inc. NBBK | 63.7K | $1.3 million | 0.59% | +48.9K |
| Advisorshares Trust MSOX | 391.5K | $1.3 million | 0.58% | new |
| Kelly Svcs Inc. KELYA | 100.0K | $1.2 million | 0.54% | +50.0K |
| Siriusxm Holdings Inc. SIRI | 38.4K | $1.1 million | 0.50% | +19.2K |
| Trulieve Cannabis Corp. F TRLV | 100.0K | $983,000 | 0.43% | new |
| Norwood Financial Corp. NWFL | 21.9K | $704,020 | 0.31% | +9.4K |
| American Bitcoin Corp. ABTC | 960.0K | $653,856 | 0.29% | +405.0K |
| Direxion SHS ETF Trust TZA | 150.0K | $568,500 | 0.25% | new |
| United Bancorp Inc. Ohio UBCP | 35.4K | $562,120 | 0.25% | +17.7K |
| I-80 Gold Corp. IAUX | 390.0K | $561,600 | 0.25% | +195.0K |
| Ecb Bancorp Inc. ECBK | 26.5K | $532,320 | 0.23% | +13.1K |
| Farmers National Banc Corp. FMNB | 30.0K | $438,000 | 0.19% | +15.0K |
| Harte Hanks Inc. HHS | 175.5K | $379,110 | 0.17% | +87.8K |
| Catalyst Bancorp Inc. CLST | 21.1K | $348,526 | 0.15% | +10.6K |
| Ampco-Pittsburg Corp. AP | 30.0K | $259,500 | 0.11% | +15.0K |
| Avalon Hldgs Corp. AWX | 51.9K | $129,320 | 0.06% | +26.7K |
| Blue Ridge Bankshares Inc. Va BRBS | 22.7K | $80,068 | 0.04% | new |
Every US-listed position in the fund's 13F for the quarter ended 30 June 2026, by the value it reported.