AI Portfolio Summary
In 2025 Q4, RAFFLES ASSOCIATES LP maintained a portfolio of 62 distinct positions. The most significant new addition to the portfolio was COMMERCIAL BANCGROUP, which now represents 4.61% of the total fund value. The fund also reduced its exposure to PROSHARES TR II by 68.1%.
Total Positions
62
Quarter
2025 Q4
Top Holding
SMBC (10.0%)
Top 10 Concentration
56.6%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 62
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
SMBC
SOUTHERN MO BAN...
|
Financial Services | 9.99% | 11.21% |
#1
Prev: #1
|
6.5 | -3,752 | -1.6% |
P
S
|
225,334 | $13,321,746 | 2006 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
IE
IVANHOE ELECTRI...
|
Basic Materials | 6.87% | 7.57% |
#2
1
Prev: #3
|
4.7 | -75,000 | -11.6% |
P
S
|
573,077 | $9,157,770 | 2022 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
VZLA
VIZSLA SILVER C...
|
Basic Materials | 6.79% | 6.79% |
#3
1
Prev: #4
|
4.2 | -35,000 | -2.1% |
P
S
|
1,654,010 | $9,047,435 | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
LCTX
LINEAGE CELL TH...
|
Healthcare | 6.72% | 8.48% |
#4
2
Prev: #2
|
3.7 | -25,000 | -0.5% |
P
S
|
5,362,788 | $8,955,856 | 2021 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
EBC
EASTERN BANKSHA...
|
Financial Services | 4.97% | 6.08% |
#5
Prev: #5
|
3.5 | no change | no change |
P
S
|
359,788 | $6,630,893 | 2020 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PROV
PROVIDENT FINL ...
|
Financial Services | 4.67% | 5.74% |
#6
Prev: #6
|
2.4 | -552 | -0.1% |
P
S
|
391,239 | $6,224,612 | 2008 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CBK
COMMERCIAL BANC...
|
Financial Services | 4.61% | — |
#7
Prev: #—
|
5.3 | 250,000 | no change |
NEW
|
250,000 | $6,140,000 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GLL
PROSHARES TR II
|
ETF | 4.41% | — |
#8
Prev: #—
|
5.3 | 225,000 | no change |
NEW
|
225,000 | $5,883,750 | 2016 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GLIBK
GCI LIBERTY INC
|
Communication Services | 3.86% | — |
#9
Prev: #—
|
5.0 | 138,216 | no change |
NEW
|
138,216 | $5,143,017 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
OFG
OFG BANCORP
|
Financial Services | 3.69% | 4.86% |
#10
3
Prev: #7
|
2.5 | no change | no change |
P
S
|
120,067 | $4,920,346 | 2022 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AFBI
AFFINITY BANCSH...
|
Financial Services | 3.05% | 3.66% |
#11
3
Prev: #8
|
1.7 | -288 | -0.1% |
P
S
|
198,842 | $4,070,296 | 2021 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
UVXY
PROSHARES TR II
|
ETF | 2.96% | 3.35% |
#12
3
Prev: #9
|
1.2 | -235,000 | -68.1% |
P
S
|
110,000 | $3,952,300 | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ASLE
AERSALE CORPORA...
|
Industrials | 2.56% | 3.28% |
#13
3
Prev: #10
|
3.0 | 50,000 | 11.6% |
P
S
|
480,000 | $3,412,800 | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
UUP
INVESCO DB US D...
|
ETF | 2.53% | 2.18% |
#14
Prev: #14
|
3.5 | 40,000 | 47.1% |
P
S
|
125,000 | $3,378,750 | 2024 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
VMD
VIEMED HEALTHCA...
|
Healthcare | 2.33% | 2.64% |
#15
3
Prev: #12
|
1.9 | no change | no change |
P
S
|
417,691 | $3,103,444 | 2019 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
COSO
COASTALSOUTH BA...
|
Financial Services | 2.12% | 2.52% |
#16
3
Prev: #13
|
1.3 | -3,000 | -2.4% |
P
S
|
121,281 | $2,819,783 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FBP
FIRST BANCORP P...
|
Financial Services | 2.07% | 2.73% |
#17
6
Prev: #11
|
1.8 | no change | no change |
P
S
|
132,874 | $2,754,478 | 2017 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CTGO
CONTANGO ORE IN...
|
Basic Materials | 1.41% | 1.66% |
#18
Prev: #18
|
1.6 | no change | no change |
P
S
|
71,406 | $1,885,832 | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MSOS
ADVISORSHARES T...
|
ETF | 1.40% | 2.05% |
#19
4
Prev: #15
|
1.1 | -65,000 | -14.1% |
P
S
|
395,000 | $1,864,400 | 2021 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
JOB
GEE GROUP INC
|
Industrials | 1.39% | 1.83% |
#20
3
Prev: #17
|
1.6 | no change | no change |
P
S
|
9,508,737 | $1,855,155 | 2021 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MAYS
MAYS J W INC
|
Real Estate | 1.33% | 1.57% |
#21
1
Prev: #20
|
1.0 | -7 | -0.0% |
P
S
|
44,431 | $1,774,574 | 2006 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ESOA
ENERGY SVCS ACQ...
|
Industrials | 1.22% | 1.63% |
#22
3
Prev: #19
|
2.5 | 30,000 | 17.7% |
P
S
|
199,392 | $1,629,033 | 2022 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NXE
NEXGEN ENERGY L...
|
Energy | 1.21% | 2.00% |
#23
7
Prev: #16
|
0.5 | -65,000 | -27.1% |
P
S
|
175,000 | $1,610,000 | 2022 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
JOF
JAPAN SMALLER C...
|
Financial Services | 1.16% | 1.45% |
#24
3
Prev: #21
|
1.0 | -7,827 | -5.3% |
P
S
|
139,462 | $1,545,239 | 2023 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DUST
DIREXION SHS ET...
|
ETF | 1.12% | — |
#25
Prev: #—
|
3.9 | 200,000 | no change |
NEW
|
200,000 | $1,488,000 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PKST
PEAKSTONE REALT...
|
Real Estate | 1.04% | 1.31% |
#26
3
Prev: #23
|
0.9 | -9,922 | -9.3% |
P
S
|
97,078 | $1,393,069 | 2023 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NECB
NORTHEAST CMNTY...
|
Financial Services | 1.01% | 1.14% |
#27
3
Prev: #24
|
1.4 | no change | no change |
P
S
|
59,500 | $1,345,295 | 2021 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
VXX
BARCLAYS BANK P...
|
ETF | 0.99% | — |
#28
Prev: #—
|
3.9 | 50,000 | no change |
NEW
|
50,000 | $1,323,500 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MBBC
MARATHON BANCOR...
|
Financial Services | 0.98% | 1.05% |
#29
3
Prev: #26
|
1.4 | no change | no change |
P
S
|
107,664 | $1,309,194 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MNR
MACH NATURAL RE...
|
Energy | 0.95% | — |
#30
Prev: #—
|
3.9 | 115,000 | no change |
NEW
|
115,000 | $1,269,600 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FBLA
FB BANCORP INC
|
Financial Services | 0.94% | 1.09% |
#31
6
Prev: #25
|
1.4 | no change | no change |
P
S
|
97,099 | $1,247,722 | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NSTS
NSTS BANCORP IN...
|
Financial Services | 0.91% | 1.01% |
#32
5
Prev: #27
|
1.4 | no change | no change |
P
S
|
93,774 | $1,214,373 | 2022 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ABTC
AMERICAN BITCOI...
|
Financial Services | 0.89% | — |
#33
Prev: #—
|
3.9 | 700,000 | no change |
NEW
|
700,000 | $1,190,000 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
JDST
DIREXION SHS ET...
|
ETF | 0.84% | — |
#34
Prev: #—
|
3.8 | 425,000 | no change |
NEW
|
425,000 | $1,117,750 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NSSC
NAPCO SEC TECHN...
|
Industrials | 0.76% | 0.98% |
#35
7
Prev: #28
|
1.3 | no change | no change |
P
S
|
24,424 | $1,018,481 | 2006 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FNWD
FINWARD BANCORP
|
Financial Services | 0.70% | 0.79% |
#36
5
Prev: #31
|
1.3 | no change | no change |
P
S
|
26,580 | $935,350 | 2022 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PERI
PERION NETWORK ...
|
Communication Services | 0.68% | 0.36% |
#37
2
Prev: #39
|
3.3 | 55,000 | 137.5% |
P
S
|
95,000 | $910,100 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
KELYA
KELLY SVCS INC
|
Industrials | 0.57% | 0.63% |
#38
3
Prev: #35
|
3.2 | 35,000 | 67.6% |
P
S
|
86,790 | $763,752 | 2022 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
VABK
VIRGINIA NATL B...
|
Financial Services | 0.56% | 0.68% |
#39
7
Prev: #32
|
1.2 | no change | no change |
P
S
|
18,836 | $750,615 | 2021 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TIPT
TIPTREE INC
|
Financial Services | 0.56% | 0.92% |
#40
11
Prev: #29
|
0.2 | -11,000 | -21.2% |
P
S
|
40,801 | $745,434 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
VG
VENTURE GLOBAL ...
|
Energy | 0.51% | — |
#41
Prev: #—
|
3.7 | 100,000 | no change |
NEW
|
100,000 | $682,000 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NBBK
NB BANCORP INC
|
Financial Services | 0.42% | 0.51% |
#42
6
Prev: #36
|
0.7 | -2,762 | -8.9% |
P
S
|
28,374 | $562,373 | 2024 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SIRI
SIRIUSXM HOLDIN...
|
Communication Services | 0.29% | 0.42% |
#43
6
Prev: #37
|
1.1 | no change | no change |
P
S
|
19,194 | $383,784 | 2024 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NWFL
NORWOOD FINANCI...
|
Financial Services | 0.26% | 0.30% |
#44
4
Prev: #40
|
0.6 | -414 | -3.2% |
P
S
|
12,449 | $349,194 | 2020 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HYNE
HOYNE BANCORP I...
|
Financial Services | 0.26% | — |
#45
Prev: #—
|
3.6 | 23,897 | no change |
NEW
|
23,897 | $346,268 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ALTO
ALTO INGREDIENT...
|
Basic Materials | 0.22% | 0.10% |
#46
1
Prev: #47
|
1.1 | no change | no change |
P
S
|
100,000 | $288,000 | 2022 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
IAUX
I-80 GOLD CORP
|
Basic Materials | 0.21% | — |
#47
Prev: #—
|
3.6 | 195,000 | no change |
NEW
|
195,000 | $284,700 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ZSL
PROSHARES TR II
|
ETF | 0.20% | — |
#48
Prev: #—
|
3.6 | 50,000 | no change |
NEW
|
50,000 | $267,000 | 2024 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HHS
HARTE HANKS INC
|
Industrials | 0.20% | 0.24% |
#49
7
Prev: #42
|
2.6 | 18,391 | 26.5% |
P
S
|
87,755 | $264,143 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
UBCP
UNITED BANCORP ...
|
Financial Services | 0.19% | 0.23% |
#50
6
Prev: #44
|
1.1 | no change | no change |
P
S
|
17,699 | $253,981 | 2014 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) |
Showing 1-50 of 62 holdings