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Livermore
Livermore
ZHEN

Raffles Associates LP

SEC CIK
0001169581
Latest filing
Aug 17, 2026

The latest 13F from Raffles Associates LP covers Q2 2026 (filed Aug 17, 2026): 48 long positions worth $117.3M. The top 10 holdings make up 65.4% of the portfolio, and the largest is Southern Missouri Bancorp, Inc. (SMBC) at 13.7%. Livermore has 23 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
5
Est. +$4.95M
Added
6
Est. +$11.2M
Reduced
19
Est. −$13.8M
Sold out
6
Est. −$7.12M

Top 5 holdings

Share of this quarter's portfolio value

  1. SMBCSouthern Missouri Bancorp, Inc.
    13.7%$16.1MHistory
  2. GLIBKLiberty Capital Corp
    10.4%$12.2MHistory
  3. EBCEastern Bankshares, Inc.
    7.1%$8.34MHistory
  4. CBKCommercial Bancgroup, Inc.
    6.4%$7.53MHistory
  5. LCTXLineage Cell Therapeutics, Inc.
    5.8%$6.81MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. GLIBKLiberty Capital Corp
    +$9.09MAddedHistory
  2. UVXYProShares Trust II
    +$3.48MNewHistory
  3. CTGOContango Silver & Gold Inc.
    +$657.7KAddedHistory
  4. Advisorshares Tr00768Y289
    +$655.8KNew
  5. PERIPerion Network Ltd.
    +$636.0KAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. GLIBKLiberty Capital Corp
    +5.71 pp4.7% → 10.4%History
  2. UVXYProShares Trust II
    +2.97 pp0.0% → 3.0%History
  3. Advisorshares Tr00768Y289
    +0.56 pp0.0% → 0.6%
  4. PERIPerion Network Ltd.
    +0.48 pp1.5% → 2.0%History
  5. TRLVTrulieve Cannabis Corp.
    +0.42 pp0.0% → 0.4%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. AFBIAffinity Bancshares, Inc.
    −$3.56MReducedHistory
  2. GLLProShares Trust II
    −$2.43MReducedHistory
  3. OFGOfg Bancorp
    −$1.86MReducedHistory
  4. U.S. Global Jets ETF26922A842
    −$1.85MSold out
  5. Direxion Shs ETF Tr25460G138
    −$1.80MSold out

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. AFBIAffinity Bancshares, Inc.
    −3.05 pp3.8% → 0.8%History
  2. U.S. Global Jets ETF26922A842
    −1.60 pp1.6% → 0.0%
  3. Direxion Shs ETF Tr25460G138
    −1.56 pp1.6% → 0.0%
  4. IEIvanhoe Electric Inc.
    −1.55 pp5.5% → 3.9%History
  5. LCTXLineage Cell Therapeutics, Inc.
    −1.55 pp7.4% → 5.8%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$117.3M
+$2.07M (+1.8%) vs. prior quarter
Positions
48
−1 vs. prior quarter
Top 10 concentration
65.4%
Top 10 as share of value
Turnover
13.9%
Q2 2026, one quarter
Average holding period
13.6 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $133.3M (Q4 2025)

Q1 2021: $98.3MQ2 2021: $117.6MQ3 2021: $108.0MQ4 2021: $104.4MQ1 2022: $97.3MQ2 2022: $91.8MQ3 2022: $93.8MQ4 2022: $85.4MQ1 2023: $73.4MQ2 2023: $74.4MQ3 2023: $75.5MQ4 2023: $79.1MQ1 2024: $86.1MQ2 2024: $88.8MQ3 2024: $97.4MQ4 2024: $92.8MQ1 2025: $82.1MQ2 2025: $96.0MQ3 2025: $107.4MQ4 2025: $133.3MQ1 2026: $115.3MQ2 2026: $117.3M
Q1 2021Q2 2026
13F filings of Raffles Associates LP by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 17, 2026Amended48$117.3MSMBCGLIBKEBCvs. Q1 2026SEC
Q1 2026May 15, 202649$115.3MSMBCLCTXEBCvs. Q4 2025SEC
Q4 2025Feb 17, 202654$133.3MSMBCIEVZLAvs. Q3 2025SEC
Q3 2025Nov 14, 202549$107.4MSMBCLCTXIEvs. Q2 2025SEC
Q2 2025Aug 15, 202548$96.0MSMBCIEPROVvs. Q1 2025SEC
Q1 2025May 15, 202543$82.1MSMBCIEEBCvs. Q4 2024SEC
Q4 2024Feb 14, 202549$92.8MSMBCIEPROVvs. Q3 2024SEC
Q3 2024Nov 14, 202448$97.4MSMBCIEEBCvs. Q2 2024SEC
Q2 2024Aug 14, 202452$88.8MSMBCEBCIEvs. Q1 2024SEC
Q1 2024May 15, 202451$86.1MSMBCEBCIEvs. Q4 2023SEC
Q4 2023Feb 14, 202447$79.1MSMBCEBCPROVvs. Q3 2023SEC
Q3 2023Nov 15, 202346$75.5MSMBCBPOPEBCvs. Q2 2023SEC
Q2 2023Aug 14, 202345$74.4MSMBCBPOPEBCvs. Q1 2023SEC
Q1 2023May 15, 202346$73.4MSMBCEBCBPOPvs. Q4 2022SEC
Q4 2022Feb 15, 202347$85.4MSMBCEBCBPOPvs. Q3 2022SEC
Q3 2022Nov 14, 202250$93.8MSMBCEBCBPOPvs. Q2 2022SEC
Q2 2022Aug 15, 202248$91.8MBPOPEBCSMBCvs. Q1 2022SEC
Q1 2022May 16, 202245$97.3MEBCBPOPSMBCvs. Q4 2021SEC
Q4 2021Feb 15, 202249$104.4MBPOPEBCSMBCvs. Q3 2021SEC
Q3 2021Nov 16, 202142$108.0MGDPBPOPEBCvs. Q2 2021SEC
Q2 2021Aug 17, 202144$117.6MBPOPEBCSMBCvs. Q1 2021SEC
Q1 2021May 17, 202139$98.3MBPOPEBCSMBC–SEC

13D and 13G filings

Companies where Raffles Associates LP reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

2 companies, largest stake first.

Companies where Raffles Associates LP owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
JOBGEE Group Inc.13G/A8.69%9.51M shares–Feb 15, 20224 filingsFeb 14, 2025SEC
PROVProvident Financial Holdings Inc13G/A6.14%391.2K shares+0.26 ppfrom 5.88%Feb 15, 20234 filingsFeb 17, 2026SEC

Latest filings

9 filings on file made by Raffles Associates LP or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Raffles Associates LP
CompanyFiled (ET)FormStakeChangeEvent dateFiling
PROVProvident Financial Holdings IncFeb 17, 20266:22 AM ET13G/A6.14%391.2K shares+0.26 ppfrom 5.88%Dec 31, 2025SEC
JOBGEE Group Inc.Feb 14, 20255:09 PM ET13G/A8.69%9.51M shares–Dec 31, 2024SEC
PROVProvident Financial Holdings IncFeb 14, 20255:08 PM ET13G/A5.88%393.4K shares–Dec 31, 2024SEC
PROVProvident Financial Holdings IncFeb 14, 202413G/AOld format–––SEC
JOBGEE Group Inc.Feb 14, 202413G/AOld format–––SEC
JOBGEE Group Inc.Feb 15, 202313G/AOld format–––SEC
PROVProvident Financial Holdings IncFeb 15, 202313GOld format–New–SEC
JOBGEE Group Inc.Feb 15, 202213GOld format–New–SEC
GDPGoodrich Petroleum CorpJan 21, 202113GOld format–New–SEC