Raffles Associates L.P. 13F annual report
Raffles Associates L.P. is an investment fund managing more than $88.8 billion ran by Paul O'leary. There are currently 50 companies in Mr. O'leary’s portfolio. The largest investments include Southern Mo Bancorp Inc and Eastern Bankshares, together worth $17.9 billion.
$88.8 billion Assets Under Management (AUM)
As of 7th August 2024, Raffles Associates L.P.’s top holding is 242,292 shares of Southern Mo Bancorp Inc currently worth over $10.9 billion and making up 12.3% of the portfolio value.
In addition, the fund holds 497,990 shares of Eastern Bankshares worth $6.96 billion, whose value grew 11.0% in the past six months.
The third-largest holding is Ivanhoe Electric Inc worth $6.13 billion and the next is OFG Bancorp worth $5.28 billion, with 141,067 shares owned.
Currently, Raffles Associates L.P.'s portfolio is worth at least $88.8 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Raffles Associates L.P.
The Raffles Associates L.P. office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Paul O'leary serves as the President of General Partner at Raffles Associates L.P..
Recent trades
In the most recent 13F filing, Raffles Associates L.P. revealed that it had opened a new position in
Vizsla Silver Corp and bought 800,310 shares worth $1.43 billion.
The investment fund also strengthened its position in Southern Mo Bancorp Inc by buying
3,000 additional shares.
This makes their stake in Southern Mo Bancorp Inc total 242,292 shares worth $10.9 billion.
On the other hand, there are companies that Raffles Associates L.P. is getting rid of from its portfolio.
Raffles Associates L.P. closed its position in Vizsla Silver Corp on 14th August 2024.
It sold the previously owned 805,310 shares for $1.07 billion.
Paul O'leary also disclosed a decreased stake in Affinity Bancshares Inc by 0.2%.
This leaves the value of the investment at $4.24 billion and 200,101 shares.
One of the smallest hedge funds
The two most similar investment funds to Raffles Associates L.P. are Fox , Inc and Elm Ridge Management. They manage $88.8 billion and $88.7 billion respectively.
Paul O'leary investment strategy
Raffles Associates L.P.’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Finance — making up 15.0% of
the total portfolio value.
The fund focuses on investments in the United States as
24.0% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are small-cap stocks.
Stocks with a size of more than $100 million in market cap make up
8% of the total holdings value.
On the other hand, large-cap stocks make up only 2.0% of the portfolio.
The average market cap of the portfolio companies is close to $1.6 billion.
The complete list of Raffles Associates L.P. trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Southern Mo Bancorp Inc |
1.25%
242,292
|
$10,905,563,000 | 12.28% |
| Eastern Bankshares, Inc. |
No change
497,990
|
$6,961,900,000 | 7.84% |
| Ivanhoe Electric Inc |
No change
653,598
|
$6,130,749,000 | 6.91% |
| OFG Bancorp |
9.30%
141,067
|
$5,282,959,000 | 5.95% |
| Provident Finl Hldgs Inc |
No change
393,420
|
$4,917,750,000 | 5.54% |
| Proshares Tr |
65.22%
380,000
|
$6,172,200,000 | 6.95% |
| First Bancorp P R |
No change
242,874
|
$4,442,165,000 | 5.00% |
| Lineage Cell Therapeutics In |
35.76%
4,357,781
|
$4,346,015,000 | 4.90% |
| Affinity Bancshares Inc |
20.46%
200,101
|
$4,242,141,000 | 4.78% |
| Nb Bancorp Inc |
101.46%
223,019
|
$3,363,127,000 | 3.79% |
| GEE Group Inc |
1.61%
9,499,638
|
$2,912,589,000 | 3.28% |
| Viemed Healthcare Inc |
4.31%
362,691
|
$2,375,626,000 | 2.68% |
| Mays J W Inc |
No change
44,439
|
$2,034,862,000 | 2.29% |
| Barclays Bank PLC |
620.00%
180,000
|
$1,965,600,000 | 2.21% |
| Napco Sec Technologies Inc |
No change
33,424
|
$1,736,377,000 | 1.96% |
| Energy Svcs Acquisition Corp |
22.63%
217,533
|
$1,557,536,000 | 1.75% |
| Japan Smaller Capitalization |
24.94%
193,025
|
$1,463,130,000 | 1.65% |
| Vizsla Silver Corp |
Opened
800,310
|
$1,432,555,000 | 1.61% |
| Ranger Energy Svcs Inc |
No change
115,000
|
$1,209,800,000 | 1.36% |
| NexGen Energy Ltd |
17.24%
170,000
|
$1,186,600,000 | 1.34% |
| Northeast Cmnty Bancorp Inc |
No change
65,000
|
$1,158,300,000 | 1.30% |
| 180 Degree Cap Corp |
1.24%
299,115
|
$1,133,616,000 | 1.28% |
| Vizsla Silver Corp |
Closed
805,310
|
$1,071,062,000 | |
| Osisko Gold Royalties Ltd |
No change
67,000
|
$1,043,860,000 | 1.18% |
| Proshares Tr Ii |
Closed
220,000
|
$1,821,300,000 | |
| Nsts Bancorp Inc |
No change
93,813
|
$903,419,000 | 1.02% |
| Virginia Natl Bankshares Cor |
3.96%
26,867
|
$881,238,000 | 0.99% |
| AerSale Corporation |
Opened
100,000
|
$692,000,000 | 0.78% |
| Finward Bancorp |
No change
27,321
|
$669,911,000 | 0.75% |
| Ecb Bancorp Inc |
No change
50,486
|
$630,065,000 | 0.71% |
| Advisorshares Tr |
Opened
85,000
|
$623,050,000 | 0.70% |
| Potbelly Corp |
No change
74,761
|
$600,331,000 | 0.68% |
| MAG Silver Corp. |
Closed
56,000
|
$592,480,000 | |
| Proshares Tr Ii |
Opened
35,000
|
$791,500,000 | 0.89% |
| Tiptree Inc |
No change
30,801
|
$507,908,000 | 0.57% |
| Teucrium Commodity Tr |
12.99%
27,155
|
$497,208,000 | 0.56% |
| First Bk Williamstown New Je |
No change
33,521
|
$427,058,000 | 0.48% |
| Ellington Financial Inc |
52.17%
35,071
|
$423,658,000 | 0.48% |
| Liberty Media Corp. |
No change
17,878
|
$395,998,000 | 0.45% |
| Sandstorm Gold Ltd |
17.34%
71,517
|
$389,052,000 | 0.44% |
| Comscore Inc. |
0.36%
26,274
|
$372,828,000 | 0.42% |
| Peakstone Realty Trust |
9.68%
27,987
|
$296,662,000 | 0.33% |
| Osisko Development Corp |
39.22%
147,656
|
$274,640,000 | 0.31% |
| Riley Exploration Permian In |
Closed
8,073
|
$266,409,000 | |
| Contango Ore Inc |
Opened
12,203
|
$220,508,000 | 0.25% |
| Asa Gold And Precious Mtls L |
Opened
11,000
|
$192,940,000 | 0.22% |
| United Bancorp Inc Ohio |
No change
15,346
|
$192,592,000 | 0.22% |
| Lsb Inds Inc |
No change
20,400
|
$166,872,000 | 0.19% |
| Great Ajax Corp |
19.76%
40,119
|
$143,225,000 | 0.16% |
| Voxx Intl Corp |
No change
39,837
|
$125,885,000 | 0.14% |
| First Seacoast Bancorp |
42.02%
13,796
|
$124,164,000 | 0.14% |
| Catalyst Bancorp Inc |
No change
10,555
|
$122,227,000 | 0.14% |
| Western New Eng Bancorp Inc |
No change
12,169
|
$83,723,000 | 0.09% |
| Avalon Hldgs Corp |
No change
22,941
|
$50,470,000 | 0.06% |
| No transactions found | |||
| Showing first 500 out of 54 holdings | |||
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