UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
Report for the Calendar Year or Quarter Ended:
06-30-2023
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 LP
Address:
5 PENN PLAZA
19TH FLOOR
NEW YORK, NY 10001
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:

Paul H. O'Leary
                         [Signature]
New York, NEW YORK
                 [City, State]
07-14-2023
                           [Date]
                          

Report Type (Check only one.):

☒ 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:
45
Form 13F Information table Value Total:
74402697
          (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.
[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]

  
NONE


UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
180 DEGREE CAP CORPCOM NEW68235B2081,324,947297,741SHSOLE297,741 0 0
ADVISORSHARES TRPURE US CANNABIS00768Y453831,000150,000SHSOLE150,000 0 0
AFFINITY BANCSHARES INCCOM00832E1032,923,201250,060SHSOLE250,060 0 0
AVALON HLDGS CORPCL A05343P10958,50022,941SHSOLE22,941 0 0
BANK AMERICA CORPCOM0605051044,303,500150,000SHSOLE150,000 0 0
BAR HBR BANKSHARESCOM066849100423,36417,182SHSOLE17,182 0 0
CATALYST BANCORP INCCOMMON STOCK14888L101116,42210,555SHSOLE10,555 0 0
COMSCORE INCCOM20564W105162,000200,000SHSOLE200,000 0 0
EASTERN BANKSHARES INCCOM27627N1055,255,609428,330SHSOLE428,330 0 0
ECB BANCORP INCCOM26828M106196,20015,000SHSOLE15,000 0 0
ENERGY SVCS ACQUISITION CORPCOM29271Q1031,225,902422,725SHSOLE422,725 0 0
FINWARD BANCORPCOM31812F109613,18427,872SHSOLE27,872 0 0
FIRST BANCORP P RCOM NEW3186727062,967,920242,874SHSOLE242,874 0 0
FIRST MAJESTIC SILVER CORPCOM32076V103282,50050,000SHSOLE50,000 0 0
FIRST SEACOAST BANCORP INCCOM33631F104389,73248,595SHSOLE48,595 0 0
GEE GROUP INCCOM36165A1024,704,1779,182,465SHSOLE9,182,465 0 0
GLOBAL X FDSMSCI PAKISTAN37954Y335129,80010,000SHSOLE10,000 0 0
GULFPORT ENERGY CORPCOMMON SHARES402635502577,8855,500SHSOLE5,500 0 0
BARCLAYS BANK PLCIPTH SR B S&P06748F3241,775,00071,000SHSOLE71,000 0 0
KRANESHARES TRCSI CHI INTERNET500767306538,60020,000SHSOLE20,000 0 0
LIBERTY MEDIA CORP DELCOM A SIRIUSXM531229409586,57717,878SHSOLE17,878 0 0
LINEAGE CELL THERAPEUTICS INCOM53566P1092,252,8121,597,739SHSOLE1,597,739 0 0
MAYS J W INCCOM5784731001,944,20644,439SHSOLE44,439 0 0
NAPCO SEC TECHNOLOGIES INCCOM6304021051,158,14233,424SHSOLE33,424 0 0
NEXGEN ENERGY LTDCOM65340P1061,059,750225,000SHSOLE225,000 0 0
NORTHEAST CMNTY BANCORP INCCOM6641211001,011,84068,000SHSOLE68,000 0 0
NSTS BANCORP INCCOM6293JP109857,45193,813SHSOLE93,813 0 0
OCCIDENTAL PETE CORPCOM6745991051,176,00020,000SHSOLE20,000 0 0
OFG BANCORPCOM67103X1021,877,76072,000SHSOLE72,000 0 0
OSISKO GOLD ROYALTIES LTDCOM68827L1011,690,700110,000SHSOLE110,000 0 0
PARAMOUNT GLOBALCLASS B COM92556H2061,193,25075,000SHSOLE75,000 0 0
POPULAR INCCOM NEW7331747006,134,186101,358SHSOLE101,358 0 0
POTBELLY CORPCOM73754Y100816,18992,960SHSOLE92,960 0 0
PROFRAC HLDG CORPCLASS A COM74319N100446,40040,000SHSOLE40,000 0 0
PROVIDENT FINL HLDGS INCCOM7438681014,989,700391,349SHSOLE391,349 0 0
RILEY EXPLORATION PERMIAN INCOM76665T102736,04620,606SHSOLE20,606 0 0
SANDSTORM GOLD LTDCOM NEW80013R206512,000100,000SHSOLE100,000 0 0
SOUTHERN MO BANCORP INCCOM8433801068,931,627232,292SHSOLE232,292 0 0
UNITED BANCORP INC OHIOCOM909911109179,55015,000SHSOLE15,000 0 0
VIEMED HEALTHCARE INCCOM92663R1053,064,837313,378SHSOLE313,378 0 0
VIRGINIA NATL BANKSHARES CORCOM928031103830,88525,844SHSOLE25,844 0 0
VIZSLA SILVER CORPCOM NEW92859G202549,000450,000SHSOLE450,000 0 0
VOXX INTL CORPCL A91829F1041,336,046107,055SHSOLE107,055 0 0
WESTERN NEW ENG BANCORP INCCOM958892101349,95059,923SHSOLE59,923 0 0
WILLIAM PENN BANCORPORATIONCOM96927A1051,918,350189,000SHSOLE189,000 0 0