0001062993-11-002129.txt : 20110516 0001062993-11-002129.hdr.sgml : 20110516 20110516121007 ACCESSION NUMBER: 0001062993-11-002129 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110331 FILED AS OF DATE: 20110516 DATE AS OF CHANGE: 20110516 EFFECTIVENESS DATE: 20110516 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RAFFLES ASSOCIATES LP CENTRAL INDEX KEY: 0001169581 IRS NUMBER: 043272997 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-12413 FILM NUMBER: 11844683 BUSINESS ADDRESS: STREET 1: 2 PENN PLAZA STREET 2: SUITE 1920A CITY: NEW YORK STATE: NY ZIP: 10121 BUSINESS PHONE: 212-760-2322 MAIL ADDRESS: STREET 1: 2 PENN PLAZA STREET 2: SUITE 1920A CITY: NEW YORK STATE: NY ZIP: 10121 13F-HR 1 form13fhr-raffles.txt REPORT FOR THE PERIOD ENDED MARCH 31, 2011 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2011 Check here if amendment [ ]; Amendment Number: This Amendment (check only one): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name Raffles Associates, L.P. Address 2 Penn Plaza, Suite 1920A New York, NY 10121 Form 13F File Number: 028-12413 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing this report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name Paul H. O'Leary Title President of General Partner Phone 212 760 2322 Signature, Place, and Date of Signing: /s/ Paul H. O'Leary New York, NY 5/11/11 ------------------- ------------- ------- [Signature] [City, State] [Date] Report Type (Check only one.): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 74 Form 13F Information Table Value Total: 170,616 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. NONE FORM 13F INFORMATION TABLE
COL 1 COL 2 COL 3 COL 4 COL 5 COL 6 COL 7 COL 8 US $ SHARES VALUE OR SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- --------- --- ---- ------- ---------- --------- -------- -------- AERCAP HOLDINGS NV SHS N00985106 3931 312700 SH SOLE 312700 0 0 AIRCASTLE LTD COM G0129K104 1114 92300 SH SOLE 92300 0 0 ALEXCO RESOURCE CORP COM 01535P106 10562 1203671 SH SOLE 1203671 0 0 AMERICA SVC GROUP INC COM 02364L109 7247 282636 SH SOLE 282636 0 0 AMERICAN INDEPENDENCE CORP COM NEW 026760405 1791 345329 SH SOLE 345329 0 0 APPLE INC COM 037833100 5227 15000 SH CALL SOLE 15000 0 0 ARLINGTON ASSET INVT CORP CL A NEW 041356205 5003 164365 SH SOLE 164365 0 0 ATP OIL & GAS CORP COM 00208J108 7628 421200 SH SOLE 421200 0 0 AVALON HLDGS CORP CL A 05343P109 416 148743 SH SOLE 148743 0 0 BANK OF AMERICA CORPORATION *W EXP 10/28/201 060505153 1386 550000 SH SOLE 550000 0 0 BANKFINANCIAL CORP COM 06643P104 629 68434 SH SOLE 68434 0 0 BANRO CORP *W EXP 09/17/201 066800111 81 134800 SH SOLE 134800 0 0 BANRO CORP COM 066800103 384 150000 SH SOLE 150000 0 0 BARCLAYS BK PLC IPTH S&P VIX NEW 06740C261 7343 250000 SH SOLE 250000 0 0 BCSB BANCORP INC COM 055367106 464 35000 SH SOLE 35000 0 0 BEACON FED BANCORP INC COM 073582108 177 12200 SH SOLE 12200 0 0 BRIGUS GOLD CORP COM 109490102 1376 894653 SH SOLE 894653 0 0 CHESAPEAKE LODGING TR SH BEN INT 165240102 1992 114389 SH SOLE 114389 0 0 COLONIAL FINL SVCS INC COM 19566B101 1111 87372 SH SOLE 87372 0 0 COMMAND SEC CORP COM 20050L100 184 100000 SH SOLE 100000 0 0 CONSOL ENERGY INC COM 20854P109 8045 150000 SH SOLE 150000 0 0 CRIMSON EXPLORATION INC COM NEW 22662K207 168 41200 SH SOLE 41200 0 0 CURRENCYSHS JAPANESE YEN TR JAPANESE YEN 23130A102 2375 20000 SH PUT SOLE 20000 0 0 FBR CAPITAL MARKETS CORP COM 30247C301 358 100000 SH SOLE 100000 0 0 FIDELITY BANCORP INC COM 315831107 107 12000 SH SOLE 12000 0 0 FIRST PACTRUST BANCORP INC COM 33589V101 272 17108 SH SOLE 17108 0 0 FLY LEASING LTD SPONSORED ADR 34407D109 671 48506 SH SOLE 48506 0 0 FRONTEER GOLD INC COM 359032109 4250 280800 SH SOLE 280800 0 0 FURIEX PHARMACEUTICALS INC COM 36106P101 844 50000 SH SOLE 50000 0 0 GASTAR EXPL LTD COM NEW 367299203 3496 719404 SH SOLE 719404 0 0 GEOEYE INC COM 37250W108 3963 95320 SH SOLE 95320 0 0 GLOBECOMM SYSTEMS INC COM 37956X103 1848 149841 SH SOLE 149841 0 0 GRAN TIERRA ENERGY INC COM 38500T101 39 4777 SH SOLE 4777 0 0 GS FINL CORP COM 362274102 1387 67996 SH SOLE 67996 0 0 HF FINL CORP COM 404172108 1907 170900 SH SOLE 170900 0 0 HUDBAY MINERALS INC COM 443628102 3314 203340 SH SOLE 203340 0 0 ISHARES INC MSCI JAPAN 464286848 516 50000 SH SOLE 50000 0 0 JPMORGAN CHASE & CO *W EXP 10/28/201 46634E114 1846 110000 SH SOLE 110000 0 0 KODIAK OIL & GAS CORP COM 50015Q100 670 100000 SH SOLE 100000 0 0 LIBERTY MEDIA CORP NEW CAP COM SER A 53071M302 2297 31178 SH SOLE 31178 0 0 MAG SILVER CORP COM 55903Q104 5529 462900 SH SOLE 462900 0 0 MAYS J W INC COM 578473100 1011 54620 SH SOLE 54620 0 0 MOUNTAIN PROV DIAMONDS INC COM NEW 62426E402 8450 1375738 SH SOLE 1375738 0 0 NAPCO SEC TECHNOLOGIES INC COM 630402105 769 328681 SH SOLE 328681 0 0 NEVSUN RES LTD COM 64156L101 822 144793 SH SOLE 144793 0 0 OBA FINL SVCS INC COM 67424G101 2798 190842 SH SOLE 190842 0 0 OCEAN SHORE HLDG CO NEW COM 67501R103 1300 100000 SH SOLE 100000 0 0 ORBCOMM INC COM 68555P100 366 110957 SH SOLE 110957 0 0 ORITANI FINL CORP DEL COM 68633D103 2319 182875 SH SOLE 182875 0 0 PACIFIC PREMIER BANCORP COM 69478X105 1095 160773 SH SOLE 160773 0 0 PARK BANCORP INC COM 700164106 147 38950 SH SOLE 38950 0 0 PENN VA CORP COM 707882106 2544 150000 SH SOLE 150000 0 0 PEOPLES FED BANCSHARES INC COM 711037101 1997 142125 SH SOLE 142125 0 0 PLATINUM GROUP METALS LTD COM NEW 72765Q205 1156 589300 SH SOLE 589300 0 0 POLYMET MINING CORP COM 731916102 457 228400 SH SOLE 228400 0 0 POWERSHS DB US DOLLAR INDEX DOLL INDX BULL 73936D107 4243 194700 SH CALL SOLE 194700 0 0 PREFERRED BK LOS ANGELES CA COM 740367107 373 250005 SH SOLE 250005 0 0 PRESIDENTIAL RLTY CORP NEW CL B 741004204 72 44600 SH SOLE 44600 0 0 PROVIDENT FINL HLDGS INC COM 743868101 5559 670579 SH SOLE 670579 0 0 RED LION HOTELS CORP COM 756764106 4870 593910 SH SOLE 593910 0 0 REIS INC COM 75936P105 1542 195209 SH SOLE 195209 0 0 RENTRAK CORP COM 760174102 1716 63734 SH SOLE 63734 0 0 SONDE RES CORP COM 835426107 2323 652280 SH SOLE 652280 0 0 SOUTHERN MO BANCORP INC COM 843380106 2598 114989 SH SOLE 114989 0 0 SPDR GOLD TRUST GOLD SHS 78463V107 4196 30000 SH PUT SOLE 30000 0 0 STANDARD FINL CORP MD COM 853393106 3760 239508 SH SOLE 239508 0 0 TOREADOR RES CORP COM 891050106 1998 185360 SH SOLE 185360 0 0 TRIANGLE PETE CORP COM NEW 89600B201 518 62469 SH SOLE 62469 0 0 U S ENERGY CORP WYO COM 911805109 1990 317970 SH SOLE 317970 0 0 VICON INDS INC COM 925811101 341 71083 SH SOLE 71083 0 0 VISHAY PRECISION GROUP INC COM 92835K103 3604 230000 SH SOLE 230000 0 0 WELLS FARGO & CO NEW *W EXP 10/28/201 949746119 1413 125000 SH SOLE 125000 0 0 WILLIS LEASE FINANCE CORP COM 970646105 536 42369 SH SOLE 42369 0 0 WINTHROP RLTY TR SH BEN INT NEW 976391300 1785 145754 SH SOLE 145754 0 0