RAFFLES ASSOCIATES LP

NEW YORK, NY · CIK 1169581 · 13F filing filed 2026-08-14

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

$227.9m reported value +97.7% vs Q1 2026

48positions

64.4%in top 10

5 new 39 added 4 reduced 6 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	SOUTHERN MO BANCORP INC COM SMBC	SMBC	422,306	$32.2m14.12%	14.12%	Added +199.4k	+199,421 89.5%
2	GCI LIBERTY INC COM SER C GLIBK	GLIBK	1,135,526	$24.5m10.74%	10.74%	Added +989.3k	+989,304 676.6%
3	EASTERN BANKSHARES INC COM EBC	EBC	749,576	$16.7m7.32%	7.32%	Added +354.8k	+354,788 89.9%
4	COMMERCIAL BANCGROUP INC COM CBK	CBK	466,220	$15.1m6.61%	6.61%	Added +218.0k	+217,962 87.8%
5	PROVIDENT FINL HLDGS INC COM PROV	PROV	782,236	$13.5m5.90%	5.90%	Added +391.1k	+391,118 100.0%
6	OFG BANCORP COM OFG	OFG	204,134	$10.0m4.40%	4.40%	Added +64.1k	+64,067 45.7%
7	VIZSLA SILVER CORP COM NEW VZLA	VZLA	2,908,020	$9.6m4.21%	4.21%	Added +1.4m	+1,404,010 93.3%
8	VIEMED HEALTHCARE INC COM VMD	VMD	807,382	$9.2m4.04%	4.04%	Added +393.7k	+393,691 95.2%
9	IVANHOE ELECTRIC INC COM IE	IE	954,154	$9.2m4.02%	4.02%	Added +422.1k	+422,077 79.3%
10	PROSHARES TR II ULTRA VIX SHORT UVXY	UVXY	279,580	$7.0m3.05%	3.05%	New
11	LINEAGE CELL THERAPEUTICS IN COM LCTX	LCTX	5,197,788	$6.8m2.99%	2.99%	Reduced -165.0k	-165,000 -3.1%
12	COASTALSOUTH BANCSHARES INC COM NEW COSO	COSO	224,276	$6.0m2.64%	2.64%	Added +103.0k	+102,995 84.9%
13	AERSALE CORPORATION COM ASLE	ASLE	920,000	$5.8m2.55%	2.55%	Added +460.0k	+460,000 100.0%
14	ENERGY SVCS ACQUISITION CORP COM ESOA	ESOA	288,784	$5.6m2.45%	2.45%	Added +118.4k	+118,392 69.5%
15	PERION NETWORK LTD SHS NEW PERI	PERI	471,558	$4.6m2.01%	2.01%	Added +301.3k	+301,279 176.9%
16	GEE GROUP INC COM JOB	JOB	18,799,392	$3.9m1.73%	1.73%	Added +9.3m	+9,349,696 98.9%
17	CONTANGO ORE INC COM CTGO	CTGO	226,112	$3.6m1.57%	1.57%	Added +154.7k	+154,706 216.7%
18	MAYS J W INC COM MAYS	MAYS	88,862	$3.5m1.52%	1.52%	Added +44.4k	+44,431 100.0%
19	NORTHEAST CMNTY BANCORP INC COM NECB	NECB	119,000	$3.3m1.45%	1.45%	Added +59.5k	+59,500 100.0%
20	MARATHON BANCORP INC COM NEW MBBC	MBBC	215,328	$3.3m1.44%	1.44%	Added +107.7k	+107,664 100.0%
21	ADVISORSHARES TR PURE US CANNABIS MSOS	MSOS	590,000	$3.0m1.32%	1.32%	Reduced -50.0k	-50,000 -7.8%
22	FB BANCORP INC COM FBLA	FBLA	194,198	$2.9m1.28%	1.28%	Added +97.1k	+97,099 100.0%
23	JAPAN SMALLER CAPITALIZATION COM JOF	JOF	221,934	$2.6m1.15%	1.15%	Added +111.0k	+110,967 100.0%
24	PROSHARES TR II ULTRASHORT GOLD GLL	GLL	80,000	$2.2m0.95%	0.95%	Reduced -50.0k	-50,000 -38.5%
25	TIPTREE INC COM TIPT	TIPT	111,602	$2.0m0.88%	0.88%	Added +55.8k	+55,801 100.0%
26	FINWARD BANCORP COM FNWD	FNWD	53,160	$2.0m0.86%	0.86%	Added +26.6k	+26,580 100.0%
27	NEXGEN ENERGY LTD COM NXE	NXE	200,000	$1.9m0.82%	0.82%	Added +150.0k	+150,000 300.0%
28	AFFINITY BANCSHARES INC COM AFBI	AFBI	82,460	$1.9m0.82%	0.82%	Reduced -116.4k	-116,382 -58.5%
29	NAPCO SEC TECHNOLOGIES INC COM NSSC	NSSC	48,848	$1.9m0.81%	0.81%	Added +24.4k	+24,424 100.0%
30	VIRGINIA NATL BANKSHARES COR COM VABK	VABK	37,584	$1.7m0.73%	0.73%	Added +18.8k	+18,772 99.8%
31	NSTS BANCORP INC COM COM		113,178	$1.6m0.68%	0.68%	Added +19.4k	+19,404 20.7%
32	NB BANCORP INC COM NBBK	NBBK	63,748	$1.3m0.59%	0.59%	Added +48.9k	+48,874 328.6%
33	ADVISORSHARES TR MSOS DAILY LVRGD MSOX	MSOX	391,494	$1.3m0.58%	0.58%	New
34	KELLY SVCS INC CL A KELYA	KELYA	100,000	$1.2m0.54%	0.54%	Added +50.0k	+50,000 100.0%
35	SIRIUSXM HOLDINGS INC COMMON STOCK SIRI	SIRI	38,388	$1.1m0.50%	0.50%	Added +19.2k	+19,194 100.0%
36	TRULIEVE CANNABIS CORP SUB VTG SHS SUB VTG SHS		100,000	$983.0k0.43%	0.43%	New
37	NORWOOD FINANCIAL CORP COM NWFL	NWFL	21,898	$704.0k0.31%	0.31%	Added +9.4k	+9,449 75.9%
38	AMERICAN BITCOIN CORP. COM CL A COM CL A		960,000	$653.9k0.29%	0.29%	Added +405.0k	+405,000 73.0%
39	DIREXION SHS ETF TR DAILY SM CP BEAR TZA	TZA	150,000	$568.5k0.25%	0.25%	New
40	UNITED BANCORP INC OHIO COM UBCP	UBCP	35,398	$562.1k0.25%	0.25%	Added +17.7k	+17,699 100.0%
41	I-80 GOLD CORP COM IAUX	IAUX	390,000	$561.6k0.25%	0.25%	Added +195.0k	+195,000 100.0%
42	ECB BANCORP INC COM ECBK	ECBK	26,510	$532.3k0.23%	0.23%	Added +13.1k	+13,111 97.8%
43	FARMERS NATIONAL BANC CORP COM FMNB	FMNB	30,000	$438.0k0.19%	0.19%	Added +15.0k	+15,000 100.0%
44	HARTE HANKS INC COM HHS	HHS	175,514	$379.1k0.17%	0.17%	Added +87.8k	+87,757 100.0%
45	CATALYST BANCORP INC COMMON STOCK CLST	CLST	21,110	$348.5k0.15%	0.15%	Added +10.6k	+10,555 100.0%
46	AMPCO-PITTSBURG CORP COM AP	AP	30,000	$259.5k0.11%	0.11%	Added +15.0k	+15,000 100.0%
47	AVALON HLDGS CORP CL A AWX	AWX	51,936	$129.3k0.06%	0.06%	Added +26.7k	+26,722 106.0%
48	BLUE RIDGE BANKSHARES INC VA COM BRBS	BRBS	22,682	$80.1k0.04%	0.04%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
ETF SER SOLUTIONS JETS	JETS	75,000	$1.8m75.0k shares
DIREXION SHS ETF TR TMF	TMF	50,000	$1.8m50.0k shares
MACH NATURAL RESOURCES LP MNR	MNR	115,000	$1.6m115.0k shares
PROSHARES TR II SCO	SCO	100,000	$832.0k100.0k shares
FIRST BANCORP P R FBP	FBP	31,874	$680.8k31.9k shares
HOYNE BANCORP INC HYNE	HYNE	23,897	$345.9k23.9k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
GEE GROUP INC JOB · 13G · filed 2025-02-14	JOB	8.7%≈ $2.0m		13G	2025-02-14
PROVIDENT FINL HLDGS INC PROV · 13G · filed 2026-02-17	PROV	6.1%≈ $6.7m	+0.3 pts	13G	2026-02-17