Caldwell & Orkin – Gator Capital Long/Short Fund


To provide long-term capital growth with a short-term focus on capital preservation from both investment opportunity on both the long and short sides of the portfolio.

Investment Strategy

Active asset allocation among long, short and cash positions in an effort to mitigate market risk while employing fundamental and technical analysis in an effort to mitigate stock selection risk.

  • Long Portfolio – comprised of securities that we believe will increase in price
  • Short Portfolio – comprised of securities that we have borrowed and sold short because we believe they will decrease in price


Derek Pilecki, CFA

Co-Portfolio Manager

Chris Pilecki, CFA

Co-Portfolio Manager

FINRA’s BrokerCheck


Investing involves risk, including loss of principal. The Fund uses aggressive investment strategies (including short positions and options) that have the potential for yielding high returns; however, these strategies may also result in losses. Stocks sold short have unlimited risk. Investment return and principal value will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Options are not suitable for all investors.

The Fund is distributed by Ultimus Fund Distributors, LLC.


AS OF MARCH 31, 2024

Inception August 24, 1992
Total Net Assets $33,956,982
Number of Long Holdings 48
Number of Short Holdings 32

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