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 JUNE 30, 2023
Ameriprise Financial
3.99%
First Bancorp Puerto Rico
3.69%
Jackson Financial Inc
3.55%
Victory Capital Holding
3.41%
SLM Corp
3.29%
TOP FIVE SHORT EQUITY POSITIONS
Schwab (Charles)
-3.08%
Hingham Institution
-3.07%
Siteone Landscape
-2.82%
United Bankshares Inc
-2.15%
Empire State Realty Trust
-2.02%
SECTOR ALLOCATION
Long Portfolio
S&P 500
Short Portfolio
Commodities
0.0%
0.0%
0.0%
Communication Services
4.3%
8.7%
-1.0%
Consumer Discretionary
2.4%
10.6%
-1.0%
Consumer Staples
0.0%
6.6%
-0.3%
Convertibles
0.0%
0.0%
0.0%
Energy
0.0%
4.3%
0.0%
Equity
0.0%
0.0%
-1.1%
Financials
72.0%
12.6%
-19.6%
Health Care
0.0%
13.1%
0.0%
Industrials
0.1%
8.5%
-2.9%
Materials
3.7%
2.5%
0.0%
Non Convertibles
0.0%
0.0%
0.0%
Real Estate
1.9%
2.6%
-11.0%
Rights
0.0%
0.0%
0.0%
Utilities
0.0%
2.6%
0.0%
Technology
5.7%
28.2%
-0.5%
Total
90.1%
100.0%
-37.3%
BEST PERFORMERS AS OF JUNE 30, 2023
Security Name
Positioning
Contribution
SLM
Long
0.37%
META
Long
0.33%
FCNCA
Long
0.32%
OMF
Long
0.21%
PFSI
Short
0.21%
WORST PERFORMERS AS OF JUNE 30, 2023
Security Name
Positioning
Contribution
JXN
Long
-0.33%
OPEN
Short
-0.25%
SITE
Short
-0.23%
WBD
Long
-0.15%
ESRT
Short
-0.13%
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.
