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