Caldwell & Orkin – Gator Capital Long/Short Fund Portfolio
PORTFOLIO GUIDELINES
Fund Guidelines
A long/short fund
Number of positions are generally 40-60 long and 20-40 short
Exposure Guidelines
Gross exposure is limited to 150% of net assets
Typically 70-90% long gross exposure and 40-60% short exposure
TOP FIVE LONG EQUITY POSITIONS AS OF SEPTEMBER 30, 2020
Realogy Holdings
3.74%
BBX Capital Corp
3.58%
OneMain Holdings Inc.
3.21%
Credit Suisse – ADR
3.08%
Ameriprise Financial
2.83%
TOP FIVE SHORT EQUITY POSITIONS
Rocket Coos Inc
-2.09%
DRX Dly Reg Bank Bull 3x
-2.06%
Duk Realty Corp
-2.03%
Lemonade Inc
-2.01%
Blackstone Group
-1.92%
SECTOR ALLOCATION
Long Portfolio
S&P 500
Short Portfolio
Commodities
2.46%
0.00%
0.00%
Communication Services
0.00%
0.00%
10.94%
Consumer Discretionary
8.22%
0.00%
11.25%
Consumer Staples
0.00%
0.00%
6.98%
Convertibles
0.00%
0.00%
0.00%
Energy
0.00%
0.00%
2.46%
ETF’s
0.00%
0.00%
0.00%
Financials
72.51%
17.51%
9.86%
Health Care
0.00%
0.00%
14.31%
Industrials
2.21%
0.00%
8.08%
Information Technology
5.03%
0.00%
27.59%
Materials
1.26%
0.00%
2.58%
Non Convertibles
0.00%
0.00%
0.00%
Real Estate
5.30%
2.74%
2.70%
Rights
0.00%
0.00%
0.00%
Utilities
0.00%
0.00%
2.98%
Total
96.98%
20.25%
99.73%
Best Performers
Security Name
Positioning
Contribution
PFSI
Long
1.25%
OMF
Long
0.93%
RLGY
Long
0.81%
LMND
Short
0.55%
NAVI
Long
0.53%
Worst Performers
Security Name
Positioning
Contribution
BX
Long
-0.41%
SXC
Long
-0.29%
HST
Long
-0.28%
DRE
Long
-0.26%
NAVI
Long
-0.23%
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.
