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, 2022
First Bancorp Puerto Rico
4.86%
Jackson Financial Inc.
3.78%
Genworth Financial
3.65%
Ameriprise Financial
3.56%
OFG Bancorp
3.51%
TOP FIVE SHORT EQUITY POSITIONS
United Bankshares Inc
-3.05%
Vornado Rlty Tst
-2.62%
First Interstate Bancsys
-2.39%
Renasant Corp
-2.09%
Siteone Landscape
-2.06%
SECTOR ALLOCATION
Long Portfolio
S&P 500
Short Portfolio
Commodities
0.0%
0.0%
0.0%
Communication Services
3.4%
8.1%
-0.1%
Consumer Discretionary
1.7%
11.7%
-0.7%
Consumer Staples
0.0%
6.9%
-0.3%
Convertibles
0.0%
0.0%
0.0%
Energy
0.0%
4.5%
0.0%
Equity
0.0%
0.0%
-2.0%
Financials
75.8%
11.0%
-26.4%
Health Care
0.0%
15.1%
0.0%
Industrials
0.1%
7.9%
-2.3%
Materials
3.5%
2.5%
0.0%
Non Convertibles
0.0%
0.0%
0.0%
Real Estate
4.2%
2.8%
-5.5%
Rights
0.0%
0.0%
0.0%
Utilities
0.0%
3.1%
0.0%
Technology
6.2%
26.4%
0.0%
Total
94.9%
100.0%
-37.4%
BEST PERFORMERS AS OF SEPTEMBER 30, 2022
Security Name
Positioning
Contribution
VNO
Short
0.33%
NMIH
Long
0.25%
MTG
Long
0.19%
FCNCA
Long
0.16%
LMND
Short
0.15%
WORST PERFORMERS AS OF SEPTEMBER 30, 2022
Security Name
Positioning
Contribution
OMF
Long
-0.20%
BCS
Long
-0.19%
ALLY
Long
-0.18%
HOUS
Long
-0.18%
PACW
Long
-0.18%
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.
