Caldwell & Orkin Funds NPORT-P Caldwell & Orkin - Gator Capital Long/short Fund (Jan 2024 report)

Caldwell

&

Orkin

-

Gator

Capital

Long/Short

Fund

Schedule

of

Investments

January

31,

2024

(Unaudited)

COMMON

STOCKS

—

LONG

—

87.76%

Shares

Fair

Value

Banks

—

38.98%

Axos

Financial,

Inc.

(a)

17,500‌

$

970,025‌

Banc

of

California,

Inc.

56,600‌

779,948‌

Bridgewater

Bancshares,

Inc.

(a)

24,000‌

300,240‌

Business

First

Bancshares,

Inc.

2,040‌

46,002‌

ConnectOne

Bancorp,

Inc.

14,142‌

323,003‌

Dime

Community

Bancshares,

Inc.

7,063‌

161,107‌

Financial

Institutions,

Inc.

13,100‌

273,790‌

First

BanCorp

42,000‌

700,560‌

First

Business

Financial

Services,

Inc.

7,500‌

275,775‌

First

Citizens

BancShares,

Inc.,

Class

A

471‌

711,210‌

First

Internet

Bancorp

10,000‌

329,800‌

Meridian

Bancorp,

Inc.

11,402‌

137,964‌

New

York

Community

Bancorp,

Inc.

1,000‌

6,470‌

OFG

Bancorp

19,991‌

735,069‌

Old

Second

Bancorp,

Inc.

43,900‌

597,918‌

OP

Bancorp

38,573‌

420,831‌

Pinnacle

Financial

Partners,

Inc.

11,000‌

972,181‌

UMB

Financial

Corp.

15,000‌

1,237,501‌

Webster

Financial

Corp.

15,000‌

742,200‌

Western

Alliance

Bancorp

16,000‌

1,023,361‌

Wintrust

Financial

Corp.

5,101‌

494,695‌

11,239,650‌

Casinos

&

Gaming

—

1.34%

Las

Vegas

Sands

Corp.

6,000‌

293,520‌

Melco

Resorts

&

Entertainment

Ltd.

-

ADR

(a)

12,000‌

93,720‌

387,240‌

Coal

Mining

—

0.78%

SunCoke

Energy,

Inc.

22,000‌

225,500‌

Computer

Hardware

&

Storage

—

1.79%

Dell

Technologies,

Inc.,

Class

C

4,000‌

331,520‌

Hewlett

Packard

Enterprise

Co.

12,000‌

183,480‌

515,000‌

Consumer

Finance

—

8.45%

OneMain

Holdings,

Inc.

12,500‌

595,000‌

SLM

Corp.

68,000‌

1,351,839‌

Synchrony

Financial

12,600‌

489,762‌

2,436,601‌

Data

&

Transaction

Processors

—

1.79%

Visa,

Inc.,

Class

A

1,900‌

519,194‌

Diversified

Banks

—

2.82%

Barclays

PLC,

Sponsored

-

ADR

108,000‌

814,320‌

Film

&

TV

—

0.92%

Warner

Bros.

Discovery,

Inc.

(a)

26,500‌

265,530‌

Institutional

Brokerage

—

3.14%

Interactive

Brokers

Group,

Inc.,

Class

A

10,200‌

905,250‌

Caldwell

&

Orkin

-

Gator

Capital

Long/Short

Fund

Schedule

of

Investments

(continued)

January

31,

2024

(Unaudited)

COMMON

STOCKS

—

LONG

—

87.76%

-

continued

Shares

Fair

Value

Insurance

Brokers

&

Services

—

0.25%

Kingstone

Companies,

Inc.

(a)

22,629‌

$

72,639‌

Internet

Media

&

Services

—

2.71%

Meta

Platforms,

Inc.,

Class

A

(a)

2,000‌

780,280‌

Investment

Companies

—

1.04%

BBX

Capital,

Inc.

(a)

32,801‌

299,145‌

Life

Insurance

—

5.02%

Genworth

Financial,

Inc.,

Class

A

(a)

39,000‌

240,630‌

Jackson

Financial,

Inc.,

Class

A

24,100‌

1,206,686‌

1,447,316‌

Private

Equity

—

5.44%

The

Carlyle

Group,

Inc.

20,000‌

800,400‌

Victory

Capital

Holdings,

Inc.,

Class

A

22,694‌

765,469‌

1,565,869‌

Real

Estate

Services

—

1.24%

Anywhere

Real

Estate,

Inc.

(a)

49,941‌

355,580‌

Semiconductor

Devices

—

0.95%

Broadcom,

Inc.

231‌

272,580‌

Wealth

Management

—

11.10%

Ameriprise

Financial,

Inc.

2,500‌

967,075‌

Robinhood

Markets,

Inc.,

Class

A

(a)

91,500‌

982,710‌

Stifel

Financial

Corp.

12,000‌

875,400‌

Virtus

Investment

Partners,

Inc.

1,600‌

377,776‌

3,202,961‌

Total

Common

Stocks

—

Long—

(Cost $18,600,659)

25,304,655‌

PREFERRED

STOCKS

—

LONG

—

8.25%

Specialty

Finance

—

8.25%

AG

Mortgage

Investment

Trust,

Inc.,

Series

C,

8.00%

36,000‌

849,600‌

Chimera

Investment

Corp.,

Series

B,

8.00%

14,391‌

346,679‌

Chimera

Investment

Corp.,

Series

D,

8.00%

19,717‌

471,236‌

Federal

National

Mortgage

Association,

Series

O,

7.00%

(a)

9,625‌

61,504‌

Federal

National

Mortgage

Association,

Series

R,

7.63%

(a)

20,250‌

69,255‌

SLM

Corp.,

Series

B,

1.70%

8,276‌

579,320‌

Total

Preferred

Stocks

—

Long

—

(Cost $1,942,854)

2,377,594‌

WARRANTS

—

LONG

—

0.01%

Ampco-Pittsburgh

Corp.,

Expires

08/01/25,

Strike

Price

$6

26,300‌

2,343‌

Total

Warrants

—

Long

—

(Cost $7,889)

2,343‌

Caldwell

&

Orkin

-

Gator

Capital

Long/Short

Fund

Schedule

of

Investments

(continued)

January

31,

2024

(Unaudited)

MONEY

MARKET

FUNDS

-

2.57%

Shares

Fair

Value

First

American

Treasury

Obligations

Fund

-

Class

X,

5.25%

(b)

739,789‌

$

739,789‌

Total

Money

Market

Funds

(Cost

$739,789)

739,789‌

Total

Investments

—

98.60%

(Cost

$21,291,191)

28,424,381‌

Other

Assets

in

Excess

of

Liabilities — 1.40%

403,414‌

NET

ASSETS

—

100.00%

$

28,827,795‌

(a)

Non-income

producing

security.

(b)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

January

31,

2024.

ADR

-

American

Depositary

Receipt

Caldwell

&

Orkin

-

Gator

Capital

Long/Short

Fund

Schedule

of

Securities

Sold

Short

January

31,

2024

(Unaudited)

COMMON

STOCKS

—

SHORT

—

(36.28)%

Shares

Fair

Value

Application

Software

—

(0.13)%

Root,

Inc.

(a)

(4,663‌)

$

(37,770‌)

Automobiles

—

(0.39)%

Tesla,

Inc.

(a)

(600‌)

(112,374‌)

Banks

—

(18.06)%

Bank

of

Hawaii

Corp.

(15,000‌)

(948,450‌)

Capitol

Federal

Financial,

Inc.

(130,000‌)

(824,200‌)

City

Holding

Co.

(883‌)

(90,251‌)

Commerce

Bancshares,

Inc.

(4,746‌)

(247,36

1‌

)

First

Financial

Bankshares,

Inc.

(6,250‌)

(195,188‌)

Flushing

Financial

Corp.

(20,300‌)

(325,409‌)

Hingham

Institution

for

Savings

(3,000‌)

(554,580‌)

Northwest

Bancshares,

Inc.

(9,142‌)

(113,087‌)

Park

National

Corp.

(1,700‌)

(222,156‌)

Renasant

Corp.

(11,800‌)

(373,234‌)

Seacoast

Banking

Corporation

of

Florida

(8,500‌)

(208,760‌)

Texas

Capital

Bancshares,

Inc.

(a)

(8,900‌)

(542,900‌)

United

Bankshares,

Inc.

(15,100‌)

(541,335‌)

(5,186,911‌

)

Commercial

Vehicles

—

(0.03)%

Nikola

Corp.

(a)

(10,000‌)

(7,473‌)

Diversified

Banks

—

(1.19)%

Bank

of

America

Corp.

(10,000‌)

(340,100‌)

Industrial

Wholesale

&

Rental

—

(1.88)%

SiteOne

Landscape

Supply,

Inc.

(a)

(3,500‌)

(540,925‌)

Infrastructure

Software

—

(0.09)%

Upstart

Holdings,

Inc.

(a)

(800‌)

(25,408‌)

Instl

Trust,

Fiduciary

&

Custody

—

(2.01)%

Bank

of

New

York

Mellon

Corp.

(The)

(10,400‌)

(576,784‌)

Internet

Media

&

Services

—

(0.61)%

Opendoor

Technologies,

Inc.

(a)

(50,800‌)

(173,736‌)

Investment

Management

—

(1.89)%

T.

Rowe

Price

Group,

Inc.

(5,000‌)

(542,250‌)

Multi

Asset

Class

REITs

—

(1.90)%

Vornado

Realty

Trust

(20,000‌)

(543,800‌)

Non-Alcoholic

Beverages

—

(0.06)%

Oatly

Group

AB

-

ADR

(a)

(15,651‌)

(17,686‌)

Office

REITs

—

(4.87)%

Boston

Properties,

Inc.

(5,200‌)

(345,800‌)

Corporate

Office

Properties

Trust

(15,000‌)

(353,400‌)

Cousins

Properties,

Inc.

(16,000‌)

(366,560‌)

JBG

SMITH

Properties

(20,700‌)

(331,200‌)

(1,396,960‌)

Caldwell

&

Orkin

-

Gator

Capital

Long/Short

Fund

Schedule

of

Securities

Sold

Short

(continued)

January

31,

2024

(Unaudited)

COMMON

STOCKS

—

SHORT

—

(36.28)%

-

continued

Shares

Fair

Value

P&C

Insurance

—

(0.08)%

Lemonade,

Inc.

(a)

(1,442‌)

$

(22,812‌)

Packaged

Food

—

(0.04)%

Beyond

Meat,

Inc.

(a)

(1,600‌)

(10,592‌)

Real

Estate

Services

—

(0.57)%

Compass,

Inc.,

Class

A

(a)

(47,400‌)

(163,056‌)

Wealth

Management

—

(2.48)%

Charles

Schwab

Corp.

(The)

(11,300‌)

(710,996‌)

Total

Common

Stocks

-

Short

(Proceeds

Received $11,853,503

)

(10,409,633‌

)

EXCHANGE-TRADED

FUNDS

—

SHORT

—

(0.52)%

Direxion

Daily

Financial

Bear

3X

Shares

(11,700‌)

(148,122‌)

Total

Exchange-Traded

Funds

–

Short

(Proceeds

Received

$499,663)

(148,122‌)

TOTAL

SECURITIES

SOLD

SHORT

-

(36.80)%

(Proceeds

Received

$12,353,166)

(10,557,75

5‌

)

(a)

Non-income

producing

security.

ADR

-

American

Depositary

Receipt