# RAFFLES ASSOCIATES LP: Form 13F holdings

An institutional investment manager in NEW YORK, NY. SEC CIK 1169581.

- Quarter ended: 2026-06-30
- Filed: 2026-08-14
- Reported value: $110.5m
- Positions: 95 (47 lines in the filing's table; lines for the same security and option type are added together here)
- Compared with: the 13F for the quarter ended 2026-03-31
- Filing: https://www.sec.gov/Archives/edgar/data/1169581/000106299326004433/

## Holdings

As filed, largest first. Reported value is what the manager stated at the quarter end (Jun 30, 2026), in US dollars; it is filing data, not a price. Weight is the share of the total reported value.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [SOUTHERN MO BANCORP INC (SMBC)](/companies/smbc.md) | COM | $16.1m | 7.1% | 211,153 |  | Reduced −11,732 |
| [SOUTHERN MO BANCORP INC (SMBC)](/companies/smbc.md) | COM | $16.1m | 7.1% | 211,153 |  | Reduced −11,732 |
| [LIBERTY CAP CORP (GLIBA)](/companies/gliba.md) | SER C GCI GROUP | $12.2m | 5.4% | 567,763 |  | Added +421,541 |
| [LIBERTY CAP CORP (GLIBA)](/companies/gliba.md) | SER C GCI GROUP | $12.2m | 5.4% | 567,763 |  | Added +421,541 |
| [EASTERN BANKSHARES INC (EBC)](/companies/ebc.md) | COM | $8.3m | 3.7% | 374,788 |  | Reduced −20,000 |
| [EASTERN BANKSHARES INC (EBC)](/companies/ebc.md) | COM | $8.3m | 3.7% | 374,788 |  | Reduced −20,000 |
| [COMMERCIAL BANCGROUP INC (CBK)](/companies/cbk.md) | COM | $7.5m | 3.3% | 233,110 |  | Reduced −15,148 |
| [COMMERCIAL BANCGROUP INC (CBK)](/companies/cbk.md) | COM | $7.5m | 3.3% | 233,110 |  | Reduced −15,148 |
| [LINEAGE CELL THERAPEUTICS IN (LCTX)](/companies/lctx.md) | COM | $6.8m | 3.0% | 5,197,788 |  | Reduced −165,000 |
| [PROVIDENT FINL HLDGS INC (PROV)](/companies/prov.md) | COM | $6.7m | 3.0% | 391,118 |  | Unchanged |
| [PROVIDENT FINL HLDGS INC (PROV)](/companies/prov.md) | COM | $6.7m | 3.0% | 391,118 |  | Unchanged |
| [OFG BANCORP (OFG)](/companies/ofg.md) | COM | $5.0m | 2.2% | 102,067 |  | Reduced −38,000 |
| [OFG BANCORP (OFG)](/companies/ofg.md) | COM | $5.0m | 2.2% | 102,067 |  | Reduced −38,000 |
| [VIZSLA SILVER CORP (VZLA)](/companies/vzla.md) | COM NEW | $4.8m | 2.1% | 1,454,010 |  | Reduced −50,000 |
| [VIZSLA SILVER CORP (VZLA)](/companies/vzla.md) | COM NEW | $4.8m | 2.1% | 1,454,010 |  | Reduced −50,000 |
| [VIEMED HEALTHCARE INC (VMD)](/companies/vmd.md) | COM | $4.6m | 2.0% | 403,691 |  | Reduced −10,000 |
| [VIEMED HEALTHCARE INC (VMD)](/companies/vmd.md) | COM | $4.6m | 2.0% | 403,691 |  | Reduced −10,000 |
| [IVANHOE ELECTRIC INC (IE)](/companies/ie.md) | COM | $4.6m | 2.0% | 477,077 |  | Reduced −55,000 |
| [IVANHOE ELECTRIC INC (IE)](/companies/ie.md) | COM | $4.6m | 2.0% | 477,077 |  | Reduced −55,000 |
| [PROSHARES TR II (AGQ)](/companies/agq.md) | ULTRA VIX SHORT | $3.5m | 1.5% | 139,790 |  | New +139,790 |
| [PROSHARES TR II (AGQ)](/companies/agq.md) | ULTRA VIX SHORT | $3.5m | 1.5% | 139,790 |  | New +139,790 |
| [COASTALSOUTH BANCSHARES INC (COSO)](/companies/coso.md) | COM NEW | $3.0m | 1.3% | 112,138 |  | Reduced −9,143 |
| [COASTALSOUTH BANCSHARES INC (COSO)](/companies/coso.md) | COM NEW | $3.0m | 1.3% | 112,138 |  | Reduced −9,143 |
| [AERSALE CORPORATION (ASLE)](/companies/asle.md) | COM | $2.9m | 1.3% | 460,000 |  | Unchanged |
| [AERSALE CORPORATION (ASLE)](/companies/asle.md) | COM | $2.9m | 1.3% | 460,000 |  | Unchanged |
| [ENERGY SERVICES OF AMER CORP (ESOA)](/companies/esoa.md) | COM | $2.8m | 1.2% | 144,392 |  | Reduced −26,000 |
| [ENERGY SERVICES OF AMER CORP (ESOA)](/companies/esoa.md) | COM | $2.8m | 1.2% | 144,392 |  | Reduced −26,000 |
| PERION NETWORK LTD | SHS NEW | $2.3m | 1.0% | 235,779 |  | Added +65,500 |
| PERION NETWORK LTD | SHS NEW | $2.3m | 1.0% | 235,779 |  | Added +65,500 |
| [GEE GROUP INC (JOB)](/companies/job.md) | COM | $2.0m | 0.9% | 9,399,696 |  | Reduced −50,000 |
| [GEE GROUP INC (JOB)](/companies/job.md) | COM | $2.0m | 0.9% | 9,399,696 |  | Reduced −50,000 |
| [CONTANGO SILVER & GOLD INC (CTGO)](/companies/ctgo.md) | COM | $1.8m | 0.8% | 113,056 |  | Added +41,650 |
| [CONTANGO SILVER & GOLD INC (CTGO)](/companies/ctgo.md) | COM | $1.8m | 0.8% | 113,056 |  | Added +41,650 |
| [MAYS J W INC (MAYS)](/companies/mays.md) | COM | $1.7m | 0.8% | 44,431 |  | Unchanged |
| [MAYS J W INC (MAYS)](/companies/mays.md) | COM | $1.7m | 0.8% | 44,431 |  | Unchanged |
| [NORTHEAST CMNTY BANCORP INC (NECB)](/companies/necb.md) | COM | $1.7m | 0.7% | 59,500 |  | Unchanged |
| [NORTHEAST CMNTY BANCORP INC (NECB)](/companies/necb.md) | COM | $1.7m | 0.7% | 59,500 |  | Unchanged |
| [MARATHON BANCORP INC (MBBC)](/companies/mbbc.md) | COM NEW | $1.6m | 0.7% | 107,664 |  | Unchanged |
| [MARATHON BANCORP INC (MBBC)](/companies/mbbc.md) | COM NEW | $1.6m | 0.7% | 107,664 |  | Unchanged |
| ADVISORSHARES TR | PURE US CANN ETF | $1.5m | 0.7% | 295,000 |  | Reduced −345,000 |
| ADVISORSHARES TR | PURE US CANN ETF | $1.5m | 0.7% | 295,000 |  | Reduced −345,000 |
| [FB BANCORP INC (FBLA)](/companies/fbla.md) | COM | $1.5m | 0.6% | 97,099 |  | Unchanged |
| [FB BANCORP INC (FBLA)](/companies/fbla.md) | COM | $1.5m | 0.6% | 97,099 |  | Unchanged |
| [JAPAN SMALLER CAPITALIZATION (JOF)](/companies/jof.md) | COM | $1.3m | 0.6% | 110,967 |  | Unchanged |
| [JAPAN SMALLER CAPITALIZATION (JOF)](/companies/jof.md) | COM | $1.3m | 0.6% | 110,967 |  | Unchanged |
| [PROSHARES TR II (AGQ)](/companies/agq.md) | ULTRASHORT GOLD | $1.1m | 0.5% | 40,000 |  | Reduced −90,000 |
| [PROSHARES TR II (AGQ)](/companies/agq.md) | ULTRASHORT GOLD | $1.1m | 0.5% | 40,000 |  | Reduced −90,000 |
| [TIPTREE INC (TIPT)](/companies/tipt.md) | COM | $1000.0k | 0.4% | 55,801 |  | Unchanged |
| [TIPTREE INC (TIPT)](/companies/tipt.md) | COM | $1000.0k | 0.4% | 55,801 |  | Unchanged |
| [FINWARD BANCORP (FNWD)](/companies/fnwd.md) | COM | $977.6k | 0.4% | 26,580 |  | Unchanged |
| [FINWARD BANCORP (FNWD)](/companies/fnwd.md) | COM | $977.6k | 0.4% | 26,580 |  | Unchanged |
| [NEXGEN ENERGY LTD (NXE)](/companies/nxe.md) | COM | $939.0k | 0.4% | 100,000 |  | Added +50,000 |
| [NEXGEN ENERGY LTD (NXE)](/companies/nxe.md) | COM | $939.0k | 0.4% | 100,000 |  | Added +50,000 |
| AFFINITY BANCSHARES INC | COM | $931.8k | 0.4% | 41,230 |  | Reduced −157,612 |
| AFFINITY BANCSHARES INC | COM | $931.8k | 0.4% | 41,230 |  | Reduced −157,612 |
| [NAPCO SEC TECHNOLOGIES INC (NSSC)](/companies/nssc.md) | COM | $927.6k | 0.4% | 24,424 |  | Unchanged |
| [NAPCO SEC TECHNOLOGIES INC (NSSC)](/companies/nssc.md) | COM | $927.6k | 0.4% | 24,424 |  | Unchanged |
| [VIRGINIA NATL BK CHRLOTSVLE (VABK)](/companies/vabk.md) | COM | $834.0k | 0.4% | 18,792 |  | Reduced −20 |
| [VIRGINIA NATL BK CHRLOTSVLE (VABK)](/companies/vabk.md) | COM | $834.0k | 0.4% | 18,792 |  | Reduced −20 |
| NSTS BANCORP INC | COM | $778.7k | 0.3% | 56,589 |  | Reduced −37,185 |
| NSTS BANCORP INC | COM | $778.7k | 0.3% | 56,589 |  | Reduced −37,185 |
| [NB BANCORP INC (NBBK)](/companies/nbbk.md) | COM | $673.5k | 0.3% | 31,874 |  | Added +17,000 |
| [NB BANCORP INC (NBBK)](/companies/nbbk.md) | COM | $673.5k | 0.3% | 31,874 |  | Added +17,000 |
| ADVISORSHARES TR | MSOS DAILY LVRGD | $655.8k | 0.3% | 195,747 |  | New +195,747 |
| ADVISORSHARES TR | MSOS DAILY LVRGD | $655.8k | 0.3% | 195,747 |  | New +195,747 |
| [KELLY SVCS INC (KELYA)](/companies/kelya.md) | CL A | $614.0k | 0.3% | 50,000 |  | Unchanged |
| [KELLY SVCS INC (KELYA)](/companies/kelya.md) | CL A | $614.0k | 0.3% | 50,000 |  | Unchanged |
| [SIRIUSXM HOLDINGS INC (SIRI)](/companies/siri.md) | COMMON STOCK | $567.0k | 0.2% | 19,194 |  | Unchanged |
| [SIRIUSXM HOLDINGS INC (SIRI)](/companies/siri.md) | COMMON STOCK | $567.0k | 0.2% | 19,194 |  | Unchanged |
| TRULIEVE CANNABIS CORP | SUB VTG SHS | $491.5k | 0.2% | 50,000 |  | New +50,000 |
| TRULIEVE CANNABIS CORP | SUB VTG SHS | $491.5k | 0.2% | 50,000 |  | New +50,000 |
| [NORWOOD FINANCIAL CORP (NWFL)](/companies/nwfl.md) | COM | $352.0k | 0.2% | 10,949 |  | Reduced −1,500 |
| [NORWOOD FINANCIAL CORP (NWFL)](/companies/nwfl.md) | COM | $352.0k | 0.2% | 10,949 |  | Reduced −1,500 |
| AMERICAN BITCOIN CORP. | COM CL A | $326.9k | 0.1% | 480,000 |  | Reduced −75,000 |
| AMERICAN BITCOIN CORP. | COM CL A | $326.9k | 0.1% | 480,000 |  | Reduced −75,000 |
| DIREXION SHARES ETF TRUST | DAILY SMALL CAP | $284.3k | 0.1% | 75,000 |  | New +75,000 |
| DIREXION SHARES ETF TRUST | DAILY SMALL CAP | $284.3k | 0.1% | 75,000 |  | New +75,000 |
| [UNITED BANCORP INC OHIO (UBCP)](/companies/ubcp.md) | COM | $281.1k | 0.1% | 17,699 |  | Unchanged |
| [UNITED BANCORP INC OHIO (UBCP)](/companies/ubcp.md) | COM | $281.1k | 0.1% | 17,699 |  | Unchanged |
| [I-80 GOLD CORP (IAUX)](/companies/iaux.md) | COM | $280.8k | 0.1% | 195,000 |  | Unchanged |
| [I-80 GOLD CORP (IAUX)](/companies/iaux.md) | COM | $280.8k | 0.1% | 195,000 |  | Unchanged |
| [ECB BANCORP INC (ECBK)](/companies/ecbk.md) | COM | $266.2k | 0.1% | 13,255 |  | Reduced −144 |
| [ECB BANCORP INC (ECBK)](/companies/ecbk.md) | COM | $266.2k | 0.1% | 13,255 |  | Reduced −144 |
| [FARMERS NATIONAL BANC CORP (FMNB)](/companies/fmnb.md) | COM | $219.0k | <0.1% | 15,000 |  | Unchanged |
| [FARMERS NATIONAL BANC CORP (FMNB)](/companies/fmnb.md) | COM | $219.0k | <0.1% | 15,000 |  | Unchanged |
| [HARTE HANKS INC (HHS)](/companies/hhs.md) | COM | $189.6k | <0.1% | 87,757 |  | Unchanged |
| [HARTE HANKS INC (HHS)](/companies/hhs.md) | COM | $189.6k | <0.1% | 87,757 |  | Unchanged |
| [CATALYST BANCORP INC (CLST)](/companies/clst.md) | COMMON STOCK | $174.3k | <0.1% | 10,555 |  | Unchanged |
| [CATALYST BANCORP INC (CLST)](/companies/clst.md) | COMMON STOCK | $174.3k | <0.1% | 10,555 |  | Unchanged |
| [AMPCO-PITTSBURG CORP (AP)](/companies/ap.md) | COM | $129.8k | <0.1% | 15,000 |  | Unchanged |
| [AMPCO-PITTSBURG CORP (AP)](/companies/ap.md) | COM | $129.8k | <0.1% | 15,000 |  | Unchanged |
| [AVALON HLDGS CORP (AWX)](/companies/awx.md) | CL A | $64.7k | <0.1% | 25,968 |  | Added +754 |
| [AVALON HLDGS CORP (AWX)](/companies/awx.md) | CL A | $64.7k | <0.1% | 25,968 |  | Added +754 |
| [BLUE RIDGE BANKSHARES INC VA (BRBS)](/companies/brbs.md) | COM | $40.0k | <0.1% | 11,341 |  | New +11,341 |
| [BLUE RIDGE BANKSHARES INC VA (BRBS)](/companies/brbs.md) | COM | $40.0k | <0.1% | 11,341 |  | New +11,341 |

## Sold out

Held at the end of the quarter before and not reported this quarter.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| DIREXION SHARES ETF TRUST | DLY 20 YR TRESUR | $0 | 0.0% | 0 |  | Sold out −50,000 |
| ETF SER SOLUTIONS | US GLB JETS | $0 | 0.0% | 0 |  | Sold out −75,000 |
| [FIRST BANCORP CORPORATION (FBP)](/companies/fbp.md) | COM NEW | $0 | 0.0% | 0 |  | Sold out −31,874 |
| [HOYNE BANCORP INC (HYNE)](/companies/hyne.md) | COM | $0 | 0.0% | 0 |  | Sold out −23,897 |
| [MACH NATURAL RESOURCES LP (MNR)](/companies/mnr.md) | COM UNIT LTD PAR | $0 | 0.0% | 0 |  | Sold out −115,000 |
| PROSHARES TR II | ULSHT BLOOMB OIL | $0 | 0.0% | 0 |  | Sold out −100,000 |

Source: SEC EDGAR, Form 13F-HR, accession 0001062993-26-004433. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.