RA
Raffles Associates LP SEC 13F Holdings (Q2 2026) — Top Position: SOUTHERN MISSOURI BANCORP
Raffles Associates LPCIK: 0001169581
Diversified strategySector-focusedMomentum follower
Total reported value
$117.3M
Reporting period: 2026-06-30 · Number of holdings: 48
RAFFLES ASSOCIATES LP disclosed 48 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $117.3M and a quarterly turnover rate of 32.8%.
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Personality snowflake
- Concentration
- 22.97
- Portfolio Stability
- 32.79
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 96
- Sizing Uniformity
- 86.61
Raffles Associates LP's disclosed holdings carry a Herfindahl concentration index of 0.057 — mathematically equivalent to about 17 equally-sized positions, well below its 48 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.34), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 0% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd GLIBK
+288.3% $6.8M
Trim AFBI
-79.3% -$3.5M
New buy UVXY
Sold out JETS
Sold out TMF
Trim IE
-10.3% -$1.7M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SMBC | Southern Missouri Bancorp | Stock-Other | 13.71% | +1.35% | -5.26% | |
| 2 | GLIBK | Liberty Capital Corp-cl C | Stock-Other | 10.43% | +5.71% | +288.29% | |
| 3 | EBC | Eastern Bankshares Inc | Stock-Other | 7.10% | +0.40% | -5.07% | |
| 4 | CBK | Commercial Bancgroup Inc | Stock-Other | 6.41% | +0.81% | -6.10% | |
| 5 | LCTX | Lineage Cell Therapeutics In | Stock-Other | 5.80% | -1.55% | -3.08% | |
| 6 | PROV | Provident Financial Hldgs | Stock-Other | 5.73% | +0.26% | — | |
| 7 | OFG | Ofg Bancorp | Stock-Other | 4.27% | -0.65% | -27.13% | |
| 8 | VZLA | Vizsla Silver CORP | Stock-Other | 4.09% | -0.22% | -3.32% | |
| 9 | VMD | Viemed Healthcare Inc | Stock-Other | 3.92% | +0.61% | -2.42% | |
| 10 | IE | Ivanhoe Electric Inc / US | Stock-Other | 3.91% | -1.55% | -10.34% | |
| 11 | UVXY | Proshares Ultra Vix St Futur | ETF-Other | 2.97% | +2.97% | NEW | |
| 12 | COSO | Coastal South Bancshares Inc | Stock-Other | 2.57% | -0.02% | -7.54% | |
| 13 | ASLE | Aersale CORP | Stock-Other | 2.48% | — | — | |
| 14 | ESOA | Energy Services Of America | Stock-Other | 2.38% | +0.44% | -15.26% | |
| 15 | PERI | Perion Network Ltd. | Stock-Other | 1.95% | +0.47% | +38.47% | |
| 16 | JOB | Gee Group Inc | Stock-Other | 1.68% | -0.29% | -0.53% | |
| 17 | CTGO | Contango Silver & Gold Inc | Stock-Other | 1.52% | +0.36% | +58.33% | |
| 18 | MAYS | Mays (j.w.) Inc | Stock-Other | 1.48% | -0.05% | — | |
| 19 | NECB | Northeast Community Bancorp | Stock-Other | 1.41% | +0.18% | — | |
| 20 | MBBC | Marathon Bancorp Inc | Stock-Other | 1.40% | +0.14% | — | |
| 21 | MSOS | Advisorshares Pure US Cann | ETF-Other | 1.28% | -0.69% | -53.91% | |
| 22 | FBLA | Fb Bancorp Inc | Stock-Other | 1.25% | +0.09% | — | |
| 23 | JOF | Japan Smaller Capitalization | Stock-Other | 1.11% | +0.06% | — | |
| 24 | GLL | Proshares Ultrashort Gold | ETF-Commodities | 0.92% | -1.36% | -69.23% | |
| 25 | TIPT | Tiptree Inc | Stock-Other | 0.85% | +0.03% | — | |
| 26 | FNWD | Finward Bancorp | Stock-Other | 0.83% | -0.01% | — | |
| 27 | NXE | Nexgen Energy LTD | Stock-Other | 0.80% | +0.30% | +100.00% | |
| 28 | AFBI | Affinity Bancshares Inc | Stock-Other | 0.79% | -3.05% | -79.26% | |
| 29 | NSSC | Napco Security Technologies | Stock-Other | 0.79% | -0.04% | — | |
| 30 | VABK | Virginia National Bankshares | Stock-Other | 0.71% | +0.09% | -0.11% | |
| 31 | NSTS | Nsts Bancorp Inc | Stock-Other | 0.66% | -0.29% | -39.65% | |
| 32 | NBBK | Nb Bancorp Inc | Stock-Other | 0.57% | +0.30% | +114.29% | |
| 33 | MSOX | Advisorshare Msos Dly Lvr-us | ETF-Other | 0.56% | +0.56% | NEW | |
| 34 | KELYA | Kelly Services Inc -a | Stock-Other | 0.52% | +0.14% | — | |
| 35 | SIRI | Sirius Xm Holdings Inc | Stock-Comm Services | 0.48% | +0.10% | — | |
| 36 | TRLV | Trulieve Cannabis CORP | Stock-Other | 0.42% | +0.42% | NEW | |
| 37 | NWFL | Norwood Financial CORP | Stock-Other | 0.30% | -0.02% | -12.05% | |
| 38 | ABTC | American Bitcoin Corp-a | Stock-Other | 0.28% | -0.17% | -13.51% | |
| 39 | TZA | Dirx Dly Smal Cap B3x Etf-ui | ETF-Other | 0.24% | +0.24% | NEW | |
| 40 | UBCP | United Bancorp Inc/ohio | Stock-Other | 0.24% | +0.01% | — | |
| 41 | IAUX | I-80 Gold CORP | Stock-Other | 0.24% | -0.02% | — | |
| 42 | ECBK | Ecb Bancorp Inc | Stock-Other | 0.23% | +0.04% | -1.07% | |
| 43 | FMNB | Farmers Natl Banc CORP | Stock-Other | 0.19% | +0.02% | — | |
| 44 | HHS | Harte-hanks Inc | Stock-Other | 0.16% | -0.01% | — | |
| 45 | CLST | Catalyst Bancorp Inc | Stock-Other | 0.15% | — | — | |
| 46 | AP | Ampco-pittsburgh CORP | Stock-Other | 0.11% | +0.02% | — | |
| 47 | AWX | Avalon Holdings Corp-a | Stock-Other | 0.06% | — | +2.99% | |
| 48 | BRBS | Blue Ridge Bankshares Inc | Stock-Other | 0.03% | +0.03% | NEW |
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Portfolio Performance
Performance for Q3 2026
-0.7%
Performance Last 4 Quarters
+12%
- Stdev
- +16.9%
- Beta
- +0.7
- Alpha
- +0.7%
- Max Drawdown
- -14.9%
- Annualized Perf
- +14.2%
- Batting Avg vs S&P
- +41.7%
- Sortino
- +1.87
- Stutzer
- +0.27
- Treynor
- +0.21
- Sterling
- +0.79
- Calmar
- +0.95
- Information Ratio
- -0.36
- Tracking Error
- +14.8%
- Stdev Down
- +7.9%
- Winning Months %
- +55.6%
- Losing Months %
- +44.4%
- Best 12 Months
- +38.7%
- Worst 12 Months
- -10.7%
- Efficiency Ratio
- +0.37
- Sharpe
- +0.87
- Stdev Sectors
- 0%
- Skewness
- +0.92
- Kurtosis
- +1.49
- Upside Potential
- +3.76
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 48 | $117.3M | 33 | ||
| 2026 Q1 | 49 | $115.3M | 35 | ||
| 2025 Q4 | 54 | $133.3M | 39 | ||
| 2025 Q3 | 49 | $107.4M | 40 | ||
| 2025 Q2 | 48 | $96.0M | 0 | ||
| 2025 Q1 | 43 | $82.1M | 100 | ||
| 2024 Q4 | 49 | $92.8M | 0 | ||
| 2024 Q3 | 48 | $97.4M | 0 | ||
| 2024 Q2 | 52 | $88.8M | 0 | ||
| 2024 Q1 | 51 | $86.1M | 0 | ||
| 2023 Q4 | 47 | $79.1M | 0 | ||
| 2023 Q3 | 46 | $75.5M | 0 | ||
| 2023 Q2 | 45 | $74.4M | 0 | ||
| 2023 Q1 | 46 | $73.4M | 0 | ||
| 2022 Q4 | 47 | $85.4M | 0 | ||
| 2022 Q3 | 50 | $93.8M | 0 | ||
| 2022 Q2 | 48 | $91.8M | 0 | ||
| 2022 Q1 | 45 | $97.3M | 0 | ||
| 2021 Q4 | 49 | $104.4M | 0 | ||
| 2021 Q3 | 42 | $108.0M | 0 | ||
| 2021 Q2 | 44 | $117.6M | 43 | ||
| 2021 Q1 | 39 | $98.3M | 52 | ||
| 2020 Q4 | 37 | $86.1M | 56 | ||
| 2020 Q3 | 31 | $58.9M | 75 | ||
| 2020 Q2 | 39 | $61.4M | 30 | ||
| 2020 Q1 | 45 | $54.9M | 67 | ||
| 2019 Q4 | 50 | $104.0M | 42 | ||
| 2019 Q3 | 53 | $104.9M | 32 | ||
| 2019 Q2 | 52 | $97.4M | 19 | ||
| 2019 Q1 | 50 | $91.4M | 19 | ||
| 2018 Q4 | 45 | $87.6M | 45 | ||
| 2018 Q3 | 46 | $109.1M | 48 | ||
| 2018 Q2 | 50 | $115.2M | 39 | ||
| 2018 Q1 | 40 | $93.2M | 32 | ||
| 2017 Q4 | 47 | $95.2M | 43 | ||
| 2017 Q3 | 45 | $109.3M | 42 | ||
| 2017 Q2 | 49 | $106.6M | 27 | ||
| 2017 Q1 | 51 | $106.3M | 25 | ||
| 2016 Q4 | 51 | $120.5M | 46 | ||
| 2016 Q3 | 65 | $145.3M | 59 | ||
| 2016 Q2 | 48 | $98.4M | 25 | ||
| 2016 Q1 | 45 | $85.6M | 26 | ||
| 2015 Q4 | 47 | $82.3M | 33 | ||
| 2015 Q3 | 56 | $95.2M | 34 | ||
| 2015 Q2 | 52 | $103.0M | 29 | ||
| 2015 Q1 | 56 | $95.2M | 37 | ||
| 2014 Q4 | 57 | $105.4M | 44 | ||
| 2014 Q3 | 63 | $112.9M | 37 | ||
| 2014 Q2 | 52 | $124.3M | 38 | ||
| 2014 Q1 | 54 | $100.2M | 32 | ||
| 2013 Q4 | 50 | $95.8M | 40 | ||
| 2013 Q3 | 52 | $107.6M | 25 | ||
| 2013 Q2 | 48 | $96.3M | 0 |
Holding changes this quarter
Raffles Associates LP's most significant position changes for 2026-06-30: New buy: Proshares Ultra Vix St Futur (UVXY); Sold out: US Global Jets ETF (JETS); Sold out: Dir Dly 20+yr Tr Bl3x Etf-ui (TMF); Sold out: Mach Natural Resources LP (MNR); Sold out: Proshares Ultrashort Bloombe (SCOUSD).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | GLIBK | Liberty Capital Corp-cl C | +5.7% | +288.29% | Add |
| 2 | UVXY | Proshares Ultra Vix St Futur | +3% | NEW | New buy |
| 3 | SMBC | Southern Missouri Bancorp | +1.4% | -5.26% | Trim |
| 4 | CBK | Commercial Bancgroup Inc | +0.8% | -6.10% | Trim |
| 5 | VMD | Viemed Healthcare Inc | +0.6% | -2.42% | Trim |
| 6 | MSOX | Advisorshare Msos Dly Lvr-us | +0.6% | NEW | New buy |
| 7 | PERI | Perion Network Ltd. | +0.5% | +38.47% | Add |
| 8 | ESOA | Energy Services Of America | +0.4% | -15.26% | Trim |
| 9 | TRLV | Trulieve Cannabis CORP | +0.4% | NEW | New buy |
| 10 | EBC | Eastern Bankshares Inc | +0.4% | -5.07% | Trim |
| 11 | CTGO | Contango Silver & Gold Inc | +0.4% | +58.33% | Add |
| 12 | NBBK | Nb Bancorp Inc | +0.3% | +114.29% | Add |
| 13 | NXE | Nexgen Energy LTD | +0.3% | +100.00% | Add |
| 14 | PROV | Provident Financial Hldgs | +0.3% | — | Unchanged |
| 15 | TZA | Dirx Dly Smal Cap B3x Etf-ui | +0.2% | NEW | New buy |
| 16 | NECB | Northeast Community Bancorp | +0.2% | — | Unchanged |
| 17 | MBBC | Marathon Bancorp Inc | +0.1% | — | Unchanged |
| 18 | KELYA | Kelly Services Inc -a | +0.1% | — | Unchanged |
| 19 | SIRI | Sirius Xm Holdings Inc | +0.1% | — | Unchanged |
| 20 | FBLA | Fb Bancorp Inc | +0.1% | — | Unchanged |
| 21 | VABK | Virginia National Bankshares | +0.1% | -0.11% | Trim |
| 22 | JOF | Japan Smaller Capitalization | +0.1% | — | Unchanged |
| 23 | ECBK | Ecb Bancorp Inc | 0% | -1.07% | Trim |
| 24 | TIPT | Tiptree Inc | 0% | — | Unchanged |
| 25 | BRBS | Blue Ridge Bankshares Inc | 0% | NEW | New buy |
| 26 | AP | Ampco-pittsburgh CORP | 0% | — | Unchanged |
| 27 | FMNB | Farmers Natl Banc CORP | 0% | — | Unchanged |
| 28 | UBCP | United Bancorp Inc/ohio | 0% | — | Unchanged |
| 29 | ASLE | Aersale CORP | — | — | Unchanged |
| 30 | AWX | Avalon Holdings Corp-a | — | +2.99% | Add |
| 31 | CLST | Catalyst Bancorp Inc | — | — | Unchanged |
| 32 | FNWD | Finward Bancorp | 0% | — | Unchanged |
| 33 | HHS | Harte-hanks Inc | 0% | — | Unchanged |
| 34 | COSO | Coastal South Bancshares Inc | 0% | -7.54% | Trim |
| 35 | IAUX | I-80 Gold CORP | 0% | — | Unchanged |
| 36 | NWFL | Norwood Financial CORP | 0% | -12.05% | Trim |
| 37 | NSSC | Napco Security Technologies | 0% | — | Unchanged |
| 38 | MAYS | Mays (j.w.) Inc | -0.1% | — | Unchanged |
| 39 | ABTC | American Bitcoin Corp-a | -0.2% | -13.51% | Trim |
| 40 | VZLA | Vizsla Silver CORP | -0.2% | -3.32% | Trim |
| 41 | NSTS | Nsts Bancorp Inc | -0.3% | -39.65% | Trim |
| 42 | JOB | Gee Group Inc | -0.3% | -0.53% | Trim |
| 43 | HYNE | Hoyne Bancorp Inc | -0.3% | EXIT | Sold out |
| 44 | FBP | First Bancorp Puerto Rico | -0.6% | EXIT | Sold out |
| 45 | OFG | Ofg Bancorp | -0.7% | -27.13% | Trim |
| 46 | MSOS | Advisorshares Pure US Cann | -0.7% | -53.91% | Trim |
| 47 | SCOUSD | Proshares Ultrashort Bloombe | -0.7% | EXIT | Sold out |
| 48 | GLL | Proshares Ultrashort Gold | -1.4% | -69.23% | Trim |
| 49 | MNR | Mach Natural Resources LP | -1.4% | EXIT | Sold out |
| 50 | IE | Ivanhoe Electric Inc / US | -1.6% | -10.34% | Trim |
1–50 of 54
Filing History
FAQ
What is Raffles Associates LP and what type of investor is it?
Raffles Associates LP is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $117.3M, spread across 48 disclosed positions.
What are Raffles Associates LP's largest equity positions?
Based on the latest 13F filing, Raffles Associates LP's top holdings by market value are:
1. Southern Missouri Bancorp (SMBC) — $16.1M (13.7%)
2. Liberty Capital Corp-cl C (GLIBK) — $12.2M (10.4%)
3. Eastern Bankshares Inc (EBC) — $8.3M (7.1%)
4. Commercial Bancgroup Inc (CBK) — $7.5M (6.4%)
5. Lineage Cell Therapeutics In (LCTX) — $6.8M (5.8%)
What changes did Raffles Associates LP make in its most recent portfolio filing?
In the latest reported quarter, Raffles Associates LP made 36 notable position adjustments: 5 new positions were initiated, 6 existing holdings were added to, 19 positions were partially reduced, and 6 were completely exited. The largest of these moves: New buy: Proshares Ultra Vix St Futur (UVXY); Sold out: US Global Jets ETF (JETS); Sold out: Dir Dly 20+yr Tr Bl3x Etf-ui (TMF); Sold out: Mach Natural Resources LP (MNR); Sold out: Proshares Ultrashort Bloombe (SCOUSD)
What sectors does Raffles Associates LP focus on?
Raffles Associates LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Communication Services: 100.0%
Investment Profile
Raffles Associates LP returned an annualized 14.2% over the trailing 36 months — outperforming the S&P 500 by 0.7 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.70 (less volatile than the market) and a 42% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 100.0% of the portfolio concentrated in Communication Services.
Its turnover score has risen from 0 to 33 over the past 4 quarters — a shift toward more active trading.
It has added to its GLIBK position over the past two quarters (+$7.1M, now $12.2M), while trimming GLL over the same stretch (-$4.8M, still holding $1.1M).
Peer Institutions
Institutions with a similar AUM
CF
CSP Financial Group, LLC
CIK 0002111080
Total reported value
$117.3M
24 stks
2026-06-30
Concentration64.5
Portfolio Stability0.0
Sector conviction100.0
AUM within 0.0% of this institution
View detail
BP
Boston Provident, L.p.
CIK 0000931328
Total reported value
$117.3M
47 stks
2015-09-30
Stale — no recent filing
Concentration24.1
Portfolio Stability100.0
Sector conviction100.0
AUM within 0.0% of this institution
View detail
AG
ASA Gold & Precious Metals Ltd
CIK 0001230869
Total reported value
$117.3M
17 stks
2019-09-30
Stale — no recent filing
Concentration38.0
Portfolio Stability22.4
Sector conviction0.0
AUM within 0.0% of this institution
View detail
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Developer Access
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REST API
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npx alphasmo institutions get raffles-associates-lp