Raffles Associates LP
Annual return '25
+20.3%
SPY '25
+17.7%
Alpha
+2.6ptsvs SPY
Invested
$115.3M
Holdings
49
Trades YTD
0
Performance · Fund vs SPY
Cumulative return · quarterly snapshotsCoverage 95%. 3 quarters of 2025 measured against SPY adj-close benchmark.
Top holdings · current snapshot
Source: 13F-HR01
$SMBC
SOUTHERN MO BANCORP INC
Q4 2024: New position (229.1k shares)
12.4%
02
$LCTX
LINEAGE CELL THERAPEUTICS IN
Q2 2025: Sold 4.4% (5.64M → 5.39M shares)
7.4%
03
$EBC
EASTERN BANKSHARES INC
Q1 2025: Increased +2.9% (349.8k → 359.8k shares)
6.7%
04
$CBK
COMMERCIAL BANCGROUP INC
Held since at least Q1 2024
5.6%
05
$PROV
PROVIDENT FINL HLDGS INC
Q4 2024: New position (393.4k shares)
5.5%
06
$IE
IVANHOE ELECTRIC INC
Q3 2025: Sold 32.2% (956.1k → 648.1k shares)
5.5%
07
$OFG
OFG BANCORP
Q1 2025: Sold 7.7% (130.1k → 120.1k shares)
4.9%
08
$GLIBK
GCI LIBERTY INC
Held since at least Q1 2024
4.7%
09
$VZLA
VIZSLA SILVER CORP
Q2 2025: Sold 1.8% (1.72M → 1.69M shares)
4.3%
10
$AFBI
AFFINITY BANCSHARES INC
Q4 2024: New position (199.1k shares)
3.8%
Recent trades · Last 90 days
No Form 4 / 13D / 13G trade events on file in the recent window. 13F filers report position snapshots quarterly rather than per-trade events, so this section is most useful for managers who also file Form 4 or 13D/G.
Convergence · Pattern Engine ships in v1.1
30-day windowIn development
Convergence participation lands with the Pattern Engine.
Once the Pattern Engine ships, this section will list every active convergence event this fund is named in — with the other named funds, the Congress members on the same name, and combined position size.
Source data: SEC EDGAR · 13F-HR filings · Performance through 2025-12-31 · Last refreshed 15:10 UTC.