-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PScPED0de5OhsXivW72HeLKe9HK2Ys8urw0VB5qsJzhuDSWQZHaGeErxLUcX+WT2 Nj8t1OU6BOL/WbLsF6cwqA== 0001169232-08-001975.txt : 20080512 0001169232-08-001975.hdr.sgml : 20080512 20080512104813 ACCESSION NUMBER: 0001169232-08-001975 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080331 FILED AS OF DATE: 20080512 DATE AS OF CHANGE: 20080512 EFFECTIVENESS DATE: 20080512 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RAFFLES ASSOCIATES LP CENTRAL INDEX KEY: 0001169581 IRS NUMBER: 043272997 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-12413 FILM NUMBER: 08821409 BUSINESS ADDRESS: STREET 1: 450 SEVENTH AVE. STREET 2: SUITE 509 CITY: NEW YORK STATE: NY ZIP: 10123 BUSINESS PHONE: 2127602321 13F-HR 1 d74249_13fhr.txt QUARTERLY REPORT 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, 2008. 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 the 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 May 9, 2008 Report Type (Check one only): [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 Raffles Associates, L.P. Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 86 Form 13F Information Table Value Total: $125,210,000 List of Other Included Managers: None RAFFLES ASSOCIATES, L.P. SEC 13F POSITION ANALYSIS REPORT
FAIR MARKET SHARES OPTION MARKET NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(X1000) /PRN AMOUNT SH/PRN P/C VALUE (X1000) - -------------- -------------- ----- ------------ ----------- ------ --- ------------- ABX AIR INC COM 00080S101 197 67000 SH AFC ENTERPRISES INC COM 00104Q107 430 47800 SH AIRCASTLE LTD COM G0129K104 2530 270880 SH ALEXCO RESOURCE CORP COM 01535P106 734 175500 SH AMERICA SVC GROUP INC COM 02364L109 485 80000 SH AMERICAN CMNTY PPTYS TR COM 02520N106 255 13600 SH AMERICAN INDEPENDENCE CORP COM NEW 26760405 2524 363067 SH AVALON HLDGS CORP CL A 05343P109 940 157439 SH BALDWIN TECHNOLOGY INC CL A 58264102 154 59900 SH BEAR STEARNS COS INC COM 73902108 210 20000 SH CANADIAN SUPERIOR ENERGY INC COM 136644101 3832 1322620 SH CAPITAL BK CORP COM 139793103 3978 388060 SH CAPITALSOURCE INC COM 14055X102 774 80000 SH CAPSTEAD MTG CORP COM NO PAR 14067E506 2682 235291 SH CHIMERA INVT CORP COM 16934Q109 1538 125000 SH CITADEL BROADCASTING CORP COM 17285T106 332 200000 SH COINSTAR INC COM 19259P300 425 15100 SH CORNELL COMPANIES INC COM 219141108 803 35769 SH CORRIENTE RES INC COM NEW 22027E409 2673 578700 SH CROSSHAIR EXPL & MNG CORP COM 22763R101 282 322200 SH DEVCON INTL CORP COM 251588109 320 136550 SH DISCOVERY HOLDING CO CL A COM 25468Y107 1305 61500 SH EMPLOYERS HOLDINGS INC COM 292218104 2507 135200 SH ENPRO INDS INC COM 29355X107 1354 43400 SH ETRIALS WORLDWIDE INC COM 29786P103 53 29000 SH FIDELITY BANCORP INC COM 315831107 1317 93041 SH FIRST FED BANCSHARES ARK INC COM 32020F105 1328 96397 SH FIRST FINL FD INC COM 320228109 864 95526 SH GASCO ENERGY INC COM 367220100 27 10942 SH GEOEYE INC COM 37250W108 3518 135371 SH GOLD RESV INC CL A 38068N108 855 187400 SH GOODRICH PETE CORP COM NEW 382410405 1362 45265 SH GRAVITY CO LTD SPONSORED ADR 38911N107 168 122261 SH GTSI CORP COM 36238K103 590 81746 SH GUARANTY FINL GROUP INC COM 40108N106 4217 397100 SH GULFPORT ENERGY CORP COM NEW 402635304 1342 126590 SH HARRY WINSTON DIAMOND CORP COM 41587B100 239 10000 SH HOLLYWOOD MEDIA CORP COM 436233100 308 128490 SH IMA EXPLORATION INC COM 449664101 17 42900 SH I-MANY INC COM 44973Q103 2806 1169319 SH INDEPENDENCE HLDG CO NEW COM NEW 453440307 748 62789 SH INTERSTATE HOTELS & RESRTS I COM 46088S106 1084 226846 SH INTERVEST BANCSHARES CORP CL A 460927106 429 44758 SH KANSAS CITY LIFE INS CO COM 484836101 864 17984 SH KODIAK OIL & GAS CORP COM 50015Q100 2233 1300000 SH LEXINGTON REALTY TRUST COM 529043101 4232 293696 SH LIBERTY GLOBAL INC COM SER A 530555101 9252 271485 SH LIBERTY GLOBAL INC COM SER C 530555309 8045 247694 SH LIBERTY MEDIA HLDG CORP CAP COM SER A 53071M302 552 35070 SH LIBERTY MEDIA HLDG CORP INT COM SER A 53071M104 1620 100350 SH LUNDIN MINING CORP COM 550372106 3865 567908 SH MAG SILVER CORP COM 55903Q104 4864 383900 SH MAYS J W INC COM 578473100 900 45020 SH MERCER INS GROUP INC COM 587902107 1941 111635 SH MERRIMAC INDS INC COM 590262101 751 111800 SH MICROTUNE INC DEL COM 59514P109 219 59800 SH MOUNTAIN PROV DIAMONDS INC COM NEW 62426E402 6694 1376867 SH NAPCO SEC SYS INC COM 630402105 2465 501060 SH NEOMAGIC CORP COM NEW 640497202 1047 805191 SH NEVSUN RES LTD COM 64156L101 437 253811 SH NORTHSTAR RLTY FIN CORP COM 66704R100 245 30000 SH OCEANFIRST FINL CORP COM 675234108 275 15706 SH OMEGA PROTEIN CORP COM 68210P107 2701 197900 SH PLATINUM GROUP METALS LTD COM NEW 72765Q205 292 100000 SH PLATO LEARNING INC COM 72764Y100 406 138732 SH POLYMET MINING CORP COM 731916102 1276 400000 SH PRESIDENTIAL RLTY CORP NEW CL B 741004204 223 44600 SH PULASKI FINL CORP COM 745548107 164 15465 SH QUEST CAP CORP NEW COM 74835U109 144 73200 SH RAND LOGISTICS INC *W EXP 10/26/2 752182113 48 124500 SH RAND LOGISTICS INC COM 752182105 1130 210000 SH REIS INC COM 75936P105 1048 195909 SH RENTRAK CORP COM 760174102 1417 117300 SH ROCK OF AGES CORP CL A 772632105 247 62324 SH SOUTHERN MO BANCORP INC COM 843380106 1136 79710 SH SOUTHERN NATL BANCORP OF VA COM 843395104 421 49500 SH SUPERIOR BANCORP COM 86806M106 215 43345 SH TOREADOR RES CORP COM 891050106 2786 358071 SH TTI TEAM TELECOM INTL LTD ORD M88258104 669 351869 SH US ENERGY CORP WYO COM 911805109 304 90813 SH USA TRUCK INC COM 902925106 953 73820 SH USG CORP COM NEW 903293405 3682 100000 SH WEBSITE PROS INC COM 94769V105 108 11000 SH WESTSIDE ENERGY CORP COM 96149R100 140 50100 SH WILSHIRE ENTERPRISES INC COM 971889100 487 164400 SH WINTHROP RLTY TR SH BEN INT 976391102 2176 528069 SH TOTAL: 125,210
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