-----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, O57DO+WHljzWUdWOy3gUvYYvcwgj7sJI0Clt2uJQkC9+E/JhMYyU5iDw4gnPg/w/ ipzzRtR/WsfP7thv7G9ptw== 0001169232-07-004305.txt : 20071114 0001169232-07-004305.hdr.sgml : 20071114 20071114160908 ACCESSION NUMBER: 0001169232-07-004305 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070930 FILED AS OF DATE: 20071114 DATE AS OF CHANGE: 20071114 EFFECTIVENESS DATE: 20071114 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: 071244881 BUSINESS ADDRESS: STREET 1: 450 SEVENTH AVE. STREET 2: SUITE 509 CITY: NEW YORK STATE: NY ZIP: 10123 BUSINESS PHONE: 2127602321 13F-HR 1 d72989_13f-hr.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: September 30, 2007. 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 November 12, 2007 ------------------- ------------ ----------------- 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: 88 Form 13F Information Table Value Total: $162,387,000 List of Other Included Managers: None RAFFLES ASSOCIATES, L.P. SEC 13F POSITION ANALYSIS REPORT
FAIR MARKET VALUE SHARES OPTION MARKET NAME OF ISSUER TITLE OF CLASS CUSIP (X1000) /PRN AMT SH/PRN P/C VALUE(X1000) - --------------- -------------- ----- -------- -------- -------- ----- ------------- ABX AIR INC COM 00080S101 517 73000 SH AFC ENTERPRISES INC COM 00104Q107 719 47800 SH AIRCASTLE LTD COM G0129K104 3038 90900 SH AMERICAN CMNTY PPTYS TR COM 02520N106 371 14200 SH AMERICAN INDEPENDENCE CORP COM NEW 26760405 3682 361314 SH AUGUSTA RES CORP COM NEW 50912203 407 151900 SH AVALON HLDGS CORP CL A 05343P109 1110 157439 SH BALDWIN TECHNOLOGY INC CL A 58264102 300 59900 SH BANK OF AMERICA CORPORATION COM 60505104 5027 100000 SH BEXIL CORP COM 88577101 1316 42200 SH BNCCORP INC COM 55936108 575 32452 SH CANADIAN SUPERIOR ENERGY INC COM 136644101 4014 1444820 SH CAPITAL BK CORP COM 139793103 5806 387060 SH CAPITALSOURCE INC COM 14055X102 607 30000 SH CAPSTEAD MTG CORP COM NO PAR 14067E506 4754 462491 SH CENTENNIAL BK HLDGS INC COM 151345303 146 22826 SH COINSTAR INC COM 19259P300 322 10000 SH COMMUNITY BKS INC COM 203628102 806 27067 SH CORNELL COMPANIES INC COM 219141108 1076 45700 SH CROSSHAIR EXPL & MNG CORP COM 22763R101 599 302200 SH DEERFIELD TRIARC CAP CORP COM 244572301 2398 265000 SH DEVCON INTL CORP COM 251588109 448 136550 SH DISCOVERY HOLDING CO CL A COM 25468Y107 2164 75000 SH EMPLOYERS HOLDINGS INC COM 292218104 3685 178800 SH ENPRO INDS INC COM 29355X107 1762 43400 SH ETRIALS WORLD WIDE INC COM 29786P103 126 31300 SH FIDELITY BANCORP INC COM 315831107 1287 83041 SH FIRST FED BANCSHARES ARK INC COM 32020F105 1740 96397 SH FIRST FINL FD INC COM 320228109 254 20000 SH FIRST LONG IS CORP COM 320734106 3883 185066 SH GEOEYE INC COM 37250W108 2971 115371 SH GOLD RESV INC CL A 38068N108 1032 237400 SH GRAVITY CO LTD SPONSORED ADR 38911N107 442 103306 SH GTSI CORP COM 36238K103 920 81746 SH GULFPORT ENERGY CORP COM NEW 402635304 2522 106590 SH HOLLYWOOD MEDIA CORP COM 436233100 454 128490 SH IMA EXPLORATION INC COM 449664101 19 42900 SH I-MANY INC COM 44973Q103 3440 1194319 SH INDEPENDENCE HLDG CO NEW COM NEW 453440307 1530 75089 SH INFINITY ENERGY RESOURCES IN COM PAR .0001 45663L403 23 18651 SH INTERSTATE HOTELS & RESRTS COM 46088S106 1032 226846 SH INTERVEST BANCSHARES CORP CL A 460927106 1108 44758 SH KANSAS CITY LIFE INS CO COM 484836101 854 19365 SH KODIAK OIL & GAS CORP COM 50015Q100 492 149000 SH LEXINGTON REALTY TRUST COM 529043101 6038 301757 SH LIBERTY BANCORP INC COM 53017Q102 2383 221703 SH LIBERTY GLOBAL INC COM SER C 530555309 9576 247694 SH LIBERTY GLOBAL INC COM SER A 530555101 11136 271485 SH LIBERTY MEDIA HLDG CORP CAP COM SER A 53071M302 4378 35070 SH LIBERTY MEDIA HLDG CORP INT COM SER A 53071M104 1928 100350 SH LUNDIN MINING CORP COM 550372106 7265 567908 SH MAYS J W INC COM 578473100 1043 45020 SH MERCER INS GROUP INC COM 587902107 1975 111635 SH MERRIMAC INDS INC COM 590262101 1106 111900 SH MESA AIR GROUP INC COM 590479101 441 99411 SH MICROTUNE INC COM 59514P109 721 119800 SH MITCHAM INDS COM 606501104 1791 92885 SH MOUNTAIN PROVDIAMONDS INC COM NEW 62426E402 3979 888300 SH NAPCO SEC SYS COM 630402105 2791 501060 SH NEOMAGIC CORP COM NEW 640497202 3284 806991 SH NEVSUN RES LTD COM 64156L101 420 240000 SH NEWCASTLE INV T CORP COM 65105M108 5432 308290 SH NORTHSTAR RLT Y FIN CORP COM 66704R100 199 20000 SH OCEANFIRST FINL CORP COM 675234108 448 25706 SH OMEGA PROTEIN CORP COM 68210P107 1358 150000 SH PETROHAWK ENERGY CORP COM 716495106 1425 86762 SH PLATO LEARNING INC COM 72764Y100 524 138732 SH POLYMET MINING CORP COM 731916102 1138 300000 SH PRESIDENTIAL RLTY CORP NEW CL B 741004204 290 44600 SH PULASKI FINL CORP COM 745548107 200 15465 SH QUEST CAP CORP COM NEW 74835U109 187 73200 SH RAND LOGISTICS INC *W EXP 10/26/2 00752182113 181 124500 SH RAND LOGISTICS INC COM 752182105 1136 210000 SH RENTRAK CORP COM 760174102 1611 117300 SH REPUBLIC PROPERTY TR COM 760737106 220 15000 SH ROCK OF AGES CORP CL A 772632105 246 40324 SH SOUTHERN MO BANCORP INC COM 843380106 1193 79710 SH SOUTHERN NATL BANCORP OF VA COM 843395104 617 49500 SH SUPERIOR BANCORP COM 86806M106 383 43345 SH THAI FD INC COM 882904105 275 19400 SH TOREADOR RES COM 891050106 4063 343476 SH TTI TEAM TELECOM INTL LTD ORD M88258104 537 213968 SH U S G CORP COM NEW 903293405 5633 150000 SH USA TRUCK INC COM 902925106 1246 81720 SH WEB COM INC COM NEW 94732Q100 114 16000 SH WESTSIDE ENERGY CORP COM 96149R100 168 50100 SH WILSHIRE ENTERPRISES INC COM 971889100 710 163200 SH WINTHROP RLTY TR SH BEN INT 976391102 2820 418955 SH
TOTAL 162,387 -----END PRIVACY-ENHANCED MESSAGE-----