Raffles Associates’s First Bank FRBA Stock Holding History

Raffles Associates’s Portfolio FRBA Stock Details FRBA Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q3	–	Sell	-20,394	Closed	-$315K	–	51
2025 Q2	$315K	Sell	20,394 -11,000	-35%	-$159K	0.33%	40
2025 Q1	$465K	Sell	31,394 -2,127	-6%	-$31.3K	0.57%	36
2024 Q4	$472K	Hold	33,521	–	–	0.51%	36
2024 Q3	$510K	Hold	33,521	–	–	0.52%	36
2024 Q2	$427K	Hold	33,521	–	–	0.48%	35
2024 Q1	$461K	Buy	+33,521	New	+$455K	0.53%	38

Other funds holding FRBA

PFPGI

Patriot Financial Partners GP II Radnor, Pennsylvania $388M AUM

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

AllianceBernstein Nashville, Tennessee $309B AUM 23.92% 1-Year Est. Return

BFC

Banc Funds Company Chicago, Illinois $537M AUM 17.34% 1-Year Est. Return

Wellington Management Group Boston, Massachusetts $535B AUM 26.23% 1-Year Est. Return

Royce & Associates New York $10.1B AUM 42.88% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

PCA

PL Capital Advisors Naples, Florida $332M AUM 17.89% 1-Year Est. Return

Raffles Associates's FRBA Position: Q3 2025 in Review

Raffles Associates sold out of First Bank (FRBA) in Q3 2025, closing a stake of 20,394 shares — an estimated $315K sold.

Raffles Associates first reported a position in FRBA in Q1 2024 and held it in 6 quarters. The position peaked at $510K in Q3 2024. 109 funds tracked by Wall St. Rank hold FRBA as of Q3 2025.

Raffles Associates reported no remaining First Bank position as of Q3 2025 after selling out during the quarter.
Raffles Associates sold 20,394 First Bank shares in Q3 2025, an estimated $315K.
Raffles Associates first reported a position in First Bank in Q1 2024 and held it in 6 quarters.
Raffles Associates's First Bank position peaked at $510K in Q3 2024.
109 funds tracked by Wall St. Rank held First Bank as of Q3 2025.

Based on Raffles Associates's 13F filing for Q3 2025, filed 14 Nov 2025.