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RAFFLES ASSOCIATES LP

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13F filer, CIK 1169581, NEW YORK, NY

RAFFLES ASSOCIATES LP reported $82,117,414 across 43 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-15. Its ten largest share positions make up 62.12% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001062993-25-009571

Period
2025-03-31
Reported value
$82.1M
Holdings
43
Top 10 weight
62.12%
New
2
Sold out
8

Largest buys vs the previous quarter

SecurityShares changeApprox. value
PROSHARES TR IInew+135,000$1.71M
FBLAnew+73,664$829K
MSOSadded+252,000$658K
NXEadded+110,000$494K
ESOAadded+48,000$454K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
TDWexited-41,000-$2.24M
FBPreduced-110,000-$2.11M
SDSreduced-81,000-$1.74M
AMPLIFY ALTERNATIVE HARVEST…exited-525,000-$1.18M
SQQQexited-20,000-$623K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2025

Share positions as resolved from 13F-HR 0001062993-25-009571, largest first. % of portfolio is the value over $82,117,414, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
SMBCSOUTHERN MO BANCORP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 233,047 shares; 2024Q4: 229,086 shares; 2025Q1: 229,249 shares 229,249$11.9M14.52%+163Timeline
IEIVANHOE ELECTRIC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,111,077 shares; 2024Q4: 1,111,077 shares; 2025Q1: 1,086,077 shares 1,086,077$6.31M7.68%-25,000Timeline
EBCEASTERN BANKSHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 349,788 shares; 2024Q4: 349,788 shares; 2025Q1: 359,788 shares 359,788$5.9M7.19%+10,000Timeline
PROVPROVIDENT FINL HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 393,420 shares; 2024Q4: 393,420 shares; 2025Q1: 393,420 shares 393,420$5.74M6.99%0Timeline
OFGOFG BANCORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 120,067 shares; 2024Q4: 130,067 shares; 2025Q1: 120,067 shares 120,067$4.81M5.85%-10,000Timeline
VZLAVIZSLA SILVER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,694,010 shares; 2024Q4: 1,719,010 shares; 2025Q1: 1,719,010 shares 1,719,010$3.9M4.75%0Timeline
AFBIAFFINITY BANCSHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 198,919 shares; 2024Q4: 199,130 shares; 2025Q1: 199,130 shares 199,130$3.54M4.31%0Timeline
ASLEAERSALE CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 115,000 shares; 2024Q4: 455,000 shares; 2025Q1: 455,000 shares 455,000$3.41M4.15%0Timeline
VMDVIEMED HEALTHCARE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 402,691 shares; 2024Q4: 402,691 shares; 2025Q1: 402,691 shares 402,691$2.93M3.57%0Timeline
LCTXLINEAGE CELL THERAPEUTICS INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,507,781 shares; 2024Q4: 5,492,088 shares; 2025Q1: 5,642,088 shares 5,642,088$2.55M3.1%+150,000Timeline
FBPFIRST BANCORP CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 242,874 shares; 2024Q4: 242,874 shares; 2025Q1: 132,874 shares 132,874$2.55M3.1%-110,000Timeline
SDSPROSHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 230,000 shares; 2024Q4: 180,000 shares; 2025Q1: 99,000 shares 99,000$2.12M2.59%-81,000Timeline
JOFJAPAN SMALLER CAPITALIZATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 224,025 shares; 2024Q4: 248,168 shares; 2025Q1: 245,368 shares 245,368$2.06M2.51%-2,800Timeline
JOBGEE GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,499,638 shares; 2024Q4: 9,533,737 shares; 2025Q1: 9,508,737 shares 9,508,737$1.92M2.34%-25,000Timeline
PROSHARES TR IIPROSHARES TR IIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 30,000 shares; 2024Q4: not reported; 2025Q1: 135,000 shares 135,000$1.71M2.08%new
MAYSMAYS J W INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 44,439 shares; 2024Q4: 44,439 shares; 2025Q1: 44,439 shares 44,439$1.7M2.07%0Timeline
ESOAENERGY SERVICES OF AMER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 170,533 shares; 2024Q4: 130,133 shares; 2025Q1: 178,133 shares 178,133$1.68M2.05%+48,000Timeline
PKSTPEAKSTONE REALTY TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 39,987 shares; 2024Q4: 129,987 shares; 2025Q1: 129,987 shares 129,987$1.64M1.99%0Timeline
NECBNORTHEAST CMNTY BANCORP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 61,500 shares; 2024Q4: 59,500 shares; 2025Q1: 59,500 shares 59,500$1.39M1.7%0Timeline
NXENEXGEN ENERGY LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 220,000 shares; 2024Q4: 195,000 shares; 2025Q1: 305,000 shares 305,000$1.37M1.67%+110,000Timeline
180 DEGREE CAP CORP180 DEGREE CAP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 297,093 shares; 2024Q4: 321,724 shares; 2025Q1: 270,574 shares 270,574$1.07M1.31%-51,150
MSOSADVISORSHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 253,000 shares; 2024Q4: 158,000 shares; 2025Q1: 410,000 shares 410,000$1.07M1.3%+252,000Timeline
NSTSNSTS BANCORP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 93,813 shares; 2024Q4: 93,813 shares; 2025Q1: 93,813 shares 93,813$1.06M1.29%0Timeline
CTGOCONTANGO SILVER & GOLD INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12,203 shares; 2024Q4: 46,554 shares; 2025Q1: 83,837 shares 83,837$856K1.04%+37,283Timeline
FBLAFB BANCORP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 73,664 shares 73,664$829K1.01%newTimeline
FNWDFINWARD BANCORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 27,321 shares; 2024Q4: 27,321 shares; 2025Q1: 27,321 shares 27,321$795K0.97%0Timeline
VABKVIRGINIA NATL BK CHRLOTSVLEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 26,867 shares; 2024Q4: 21,037 shares; 2025Q1: 21,052 shares 21,052$760K0.92%+15Timeline
TIPTTIPTREE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 30,801 shares; 2024Q4: 30,801 shares; 2025Q1: 30,801 shares 30,801$742K0.9%0Timeline
KELYAKELLY SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 66,790 shares; 2025Q1: 51,790 shares 51,790$682K0.83%-15,000Timeline
NSSCNAPCO SEC TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 27,424 shares; 2024Q4: 27,424 shares; 2025Q1: 27,424 shares 27,424$631K0.77%0Timeline
Rithm Property Trust IncRithm Property Trust IncQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 73,280 shares; 2024Q4: 257,007 shares; 2025Q1: 206,887 shares 206,887$594K0.72%-50,120
POTBELLY CORPPOTBELLY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 69,761 shares; 2024Q4: 69,761 shares; 2025Q1: 59,761 shares 59,761$568K0.69%-10,000
ECBKECB BANCORP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 48,921 shares; 2024Q4: 42,461 shares; 2025Q1: 32,684 shares 32,684$495K0.6%-9,777Timeline
RNGRRANGER ENERGY SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 115,000 shares; 2024Q4: 65,380 shares; 2025Q1: 34,239 shares 34,239$486K0.59%-31,141Timeline
NWFLNORWOOD FINANCIAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 20,000 shares; 2025Q1: 20,000 shares 20,000$483K0.59%0Timeline
FRBAFIRST BK WILLIAMSTOWN NEW JEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 33,521 shares; 2024Q4: 33,521 shares; 2025Q1: 31,394 shares 31,394$465K0.57%-2,127Timeline
SIRISIRIUSXM HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 19,194 shares; 2024Q4: 19,194 shares; 2025Q1: 19,194 shares 19,194$433K0.53%0Timeline
UBCPUNITED BANCORP INC OHIOQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 15,346 shares; 2024Q4: 15,353 shares; 2025Q1: 17,699 shares 17,699$238K0.29%+2,346Timeline
NBBKNB BANCORP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,154 shares; 2024Q4: 11,136 shares; 2025Q1: 11,136 shares 11,136$201K0.25%0Timeline
BRBSBLUE RIDGE BANKSHARES INC VAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 42,934 shares; 2024Q4: 59,934 shares; 2025Q1: 59,934 shares 59,934$195K0.24%0Timeline
CLSTCATALYST BANCORP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,555 shares; 2024Q4: 10,555 shares; 2025Q1: 10,555 shares 10,555$123K0.15%0Timeline
ALTOALTO INGREDIENTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 100,000 shares; 2025Q1: 100,000 shares 100,000$114K0.14%0Timeline
AWXAVALON HLDGS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 22,941 shares; 2024Q4: 22,941 shares; 2025Q1: 22,941 shares 22,941$65.2K0.08%0Timeline

Sold out in Q1 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
TDWTIDEWATER INC NEW41,000$2.24Mshares
AMPLIFY ALTERNATIVE HARVEST…AMPLIFY ALTERNATIVE HARVEST ETF525,000$1.18Mshares
SQQQProShares UltraPro Short QQQ20,000$623Kshares
PPLTABRDN PLATINUM ETF TRUST5,000$415Kshares
TILRAY INCTILRAY INC250,000$332Kshares
YINNDIREXION SHARES ETF TRUST10,000$279Kshares
BTEBAYTEX ENERGY CORP100,000$258Kshares
COPJSPROTT FDS TR11,677$215Kshares

How Q1 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001062993-25-009571 base2025-05-15acceptance time not in the bulk data set