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, 2022

First Bancorp Puerto Rico 4.57%
Genworth Financial 3.67%
Jackson Financial Inc. 3.63%
OFG Bancorp 3.53%
Ameriprise Financial 3.35%

TOP FIVE SHORT EQUITY POSITIONS

United Bankshares Inc -2.98%
First Interstate Bancsys -2.25%
Renasant Corp -1.92%
Direxion Daily Bear 3x -1.91%
Boston Properties -1.65%

SECTOR ALLOCATION

  Long Portfolio S&P 500 Short Portfolio
Commodities 0.0% 0.0% 0.0%
Communication Services 2.2% 8.9% -0.2%
Consumer Discretionary 1.5% 10.5% -0.6%
Consumer Staples 0.0% 7.0% -0.5%
Convertibles 0.0% 0.0% 0.0%
Energy 0.0% 4.4% 0.0%
Equity 0.0% 0.0% -1.9%
Financials 79.9% 10.8% -25.5%
Health Care  0.0% 15.1% 0.0%
Industrials 0.2% 7.8% -0.3%
Materials 3.5% 2.6% 0.0%
Non Convertibles 0.0% 0.0% 0.0%
Real Estate 4.3% 2.9% -2.6%
Rights 0.0% 0.0% 0.0%
Utilities 0.0% 3.1% 0.0%
Technology 6.8% 26.8% -0.1%
Total 98.4% 100.0% -31.7%

BEST PERFORMERS AS OF JUNE 30, 2022

Security Name Positioning Contribution
COMP Short 0.45%
SOFI Short 0.26%
BXP Short 0.23%
WRBY Short 0.15%
SFNC Short 0.15%

WORST PERFORMERS AS OF JUNE 30, 2022

Security Name Positioning Contribution
JXN Long -0.92%
X Long -0.76%
LYLT Long -0.40%
BBXIA Long -0.41%
RLGY Long -0.36%

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.

PORTFOLIO STATISTICS

AS OF JUNE 30, 2022

Inception August 24, 1992
Total Net Assets $17,749,575
Number of Long Holdings 52
Number of Short Holdings 32

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