# EDGAR Filing Document

**Accession Number:** 0001570284
**File Stem:** 0001062993-25-016739
**Filing Date:** 2025-11
**Character Count:** 11358
**Document Hash:** fb73f079e404efb201f945a2daf785ca
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001062993-25-016739.hdr.sgml**: 20251113

**ACCESSION NUMBER**: 0001062993-25-016739

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251113

**DATE AS OF CHANGE**: 20251113

**EFFECTIVENESS DATE**: 20251113

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Gator Capital Management, LLC
- **CENTRAL INDEX KEY:** 0001570284

**ORGANIZATION NAME:**
- **EIN:** 262325167
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-16376
- **FILM NUMBER:** 251478044

**BUSINESS ADDRESS:**
- **STREET 1:** 2502 N. ROCKY POINT DR.
- **STREET 2:** SUITE 665
- **CITY:** TAMPA
- **STATE:** FL
- **ZIP:** 33607
- **BUSINESS PHONE:** 813-282-7870

**MAIL ADDRESS:**
- **STREET 1:** 2502 N. ROCKY POINT DR.
- **STREET 2:** SUITE 665
- **CITY:** TAMPA
- **STATE:** FL
- **ZIP:** 33607

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Gator Capital Management LLC<br>**Address:** 2502 N. ROCKY POINT DR.<br>SUITE 665<br>TAMPA, FL 33607

**Form 13F File Number:** 028-16376

**CRD Number (if applicable):** 000147067

**SEC File Number (if applicable):** 801-77606

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Derek Pilecki<br>**Title:** Managing Member<br>**Phone:** 813-282-7870

**Signature, Place, and Date of Signing:**

Derek Pileck  Tampa, FL  11-13-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 76

**Form 13F Information Table Value Total:** $394366923

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| APPLE INC | COM | 037833100 |  | 267871 | 1052 | SH |  | SOLE |  | 0 | 0 | 1052 |
| ALERUS FINL CORP | COM | 01446U103 |  | 1436997 | 64905 | SH |  | SOLE |  | 64550 | 0 | 355 |
| AMBAC FINL GROUP INC | COM NEW | 023139884 |  | 178768 | 21435 | SH |  | SOLE |  | 0 | 0 | 21435 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 1277250 | 2600 | SH |  | SOLE |  | 2500 | 0 | 100 |
| AXOS FINANCIAL INC | COM | 05465C100 |  | 13040756 | 154055 | SH |  | SOLE |  | 153150 | 0 | 905 |
| BANC OF CALIFORNIA INC | COM | 05990K106 |  | 5384791 | 325365 | SH |  | SOLE |  | 323240 | 0 | 2125 |
| BARCLAYS PLC | ADR | 06738E204 |  | 10695381 | 517435 | SH |  | SOLE |  | 512000 | 0 | 5435 |
| BUSINESS FIRST BANCSHARES IN | COM | 12326C105 |  | 1543551 | 65377 | SH |  | SOLE |  | 63592 | 0 | 1785 |
| BRIDGEWATER BANCSHARES INC | COM | 108621103 |  | 1777688 | 101005 | SH |  | SOLE |  | 92680 | 0 | 8325 |
| PATHWARD FINANCIAL INC | COM | 59100U108 |  | 619390 | 8369 | SH |  | SOLE |  | 8369 | 0 | 0 |
| CHAIN BRIDGE BANCORP INC | CL A | 15746L100 |  | 6680520 | 204110 | SH |  | SOLE |  | 202410 | 0 | 1700 |
| CAPITAL BANCORP INC MD | COM | 139737100 |  | 2855528 | 89515 | SH |  | SOLE |  | 88965 | 0 | 550 |
| CARLYLE GROUP INC | COM | 14316J108 |  | 10205366 | 162765 | SH |  | SOLE |  | 159230 | 0 | 3535 |
| CONNECTONE BANCORP INC | COM | 20786W107 |  | 7597988 | 306247 | SH |  | SOLE |  | 301982 | 0 | 4265 |
| COREBRIDGE FINL INC | COM | 21871X109 |  | 8028525 | 250500 | SH |  | SOLE |  | 248500 | 0 | 2000 |
| CUSTOMERS BANCORP INC | COM | 23204G100 |  | 10575885 | 161785 | SH |  | SOLE |  | 160785 | 0 | 1000 |
| CAESARS ENTERTAINMENT INC NE | COM | 12769G100 |  | 243225 | 9000 | SH |  | SOLE |  | 9000 | 0 | 0 |
| DIME CMNTY BANCSHARES INC | COM | 25432X102 |  | 3258337 | 109230 | SH |  | SOLE |  | 108355 | 0 | 875 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 567080 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| ESQUIRE FINL HLDGS INC | COM | 29667J101 |  | 9527447 | 93356 | SH |  | SOLE |  | 92036 | 0 | 1320 |
| FIRST BUSINESS FINL SVCS INC | COM | 319390100 |  | 1219988 | 23800 | SH |  | SOLE |  | 22650 | 0 | 1150 |
| FIRST CTZNS BANCSHARES INC D | CL A | 31946M103 |  | 16988074 | 9495 | SH |  | SOLE |  | 9368 | 0 | 127 |
| FIRST FINL BANCORP OH | COM | 320209109 |  | 5603480 | 221920 | SH |  | SOLE |  | 220725 | 0 | 1195 |
| FISERV INC | COM | 337738108 |  | 664634 | 5155 | SH |  | SOLE |  | 5000 | 0 | 155 |
| PGIM GLOBAL HIGH YIELD FD FO | COM | 69346J106 |  | 244720 | 19000 | SH |  | SOLE |  | 0 | 0 | 19000 |
| GENERATION INCOME PPTYS INC | COM NEW | 37149D204 |  | 246508 | 267769 | SH |  | SOLE |  | 267769 | 0 | 0 |
| GENWORTH FINL INC | COM SHS | 37247D106 |  | 1642718 | 184575 | SH |  | SOLE |  | 160000 | 0 | 24575 |
| GROUP 1 AUTOMOTIVE INC | COM | 398905109 |  | 270381 | 618 | SH |  | SOLE |  | 0 | 0 | 618 |
| GLOBAL PMTS INC | COM | 37940X102 |  | 11772436 | 141700 | SH |  | SOLE |  | 139690 | 0 | 2010 |
| U S GLOBAL INVS INC | CL A | 902952100 |  | 1927431 | 700884 | SH |  | SOLE |  | 694884 | 0 | 6000 |
| HIPPO HLDGS INC | COM NEW | 433539202 |  | 238873 | 6606 | SH |  | SOLE |  | 6606 | 0 | 0 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 76632084 | 535215 | SH |  | SOLE |  | 535215 | 0 | 0 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 1225000 | 1000 | SH | Put | SOLE |  | 1000 | 0 | 0 |
| ANYWHERE REAL ESTATE INC | COM | 75605Y106 |  | 27151754 | 2563905 | SH |  | SOLE |  | 2451255 | 0 | 112650 |
| INTERACTIVE BROKERS GROUP IN | COM CL A | 45841N107 |  | 2807448 | 40800 | SH |  | SOLE |  | 40800 | 0 | 0 |
| FIRST INTERNET BANCORP | COM | 320557101 |  | 1041492 | 46433 | SH |  | SOLE |  | 42243 | 0 | 4190 |
| INVESCO LTD | SHS | G491BT108 |  | 1720500 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| ISHARES TR | RUS 2000 VAL ETF | 464287630 |  | 419924 | 2375 | SH |  | SOLE |  | 0 | 0 | 2375 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 233418 | 740 | SH |  | SOLE |  | 0 | 0 | 740 |
| JACKSON FINANCIAL INC | COM CL A | 46817M107 |  | 10513242 | 103855 | SH |  | SOLE |  | 103055 | 0 | 800 |
| KINGSTONE COS INC | COM | 496719105 |  | 4362225 | 296750 | SH |  | SOLE |  | 294450 | 0 | 2300 |
| KKR INCOME OPPORTUNITIES FD | COM | 48249T106 |  | 149965 | 11902 | SH |  | SOLE |  | 0 | 0 | 11902 |
| MECHANICS BANCORP | CL A | 43785V102 |  | 3236140 | 243136 | SH |  | SOLE |  | 242286 | 0 | 850 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 1077026 | 1807 | SH |  | SOLE |  | 0 | 0 | 1807 |
| META PLATFORMS INC | CL A | 30303M102 |  | 1527510 | 2080 | SH |  | SOLE |  | 2000 | 0 | 80 |
| MICROSOFT CORP | COM | 594918104 |  | 230488 | 445 | SH |  | SOLE |  | 0 | 0 | 445 |
| NAVIENT CORPORATION | COM | 63938C108 |  | 522318 | 39720 | SH |  | SOLE |  | 7525 | 0 | 32195 |
| NORTHEAST BK PORTLAND ME | COM | 66405S100 |  | 7420153 | 74083 | SH |  | SOLE |  | 71650 | 0 | 2433 |
| ORANGE CNTY BANCORP INC | COM | 68417L107 |  | 508738 | 20180 | SH |  | SOLE |  | 20180 | 0 | 0 |
| OFG BANCORP | COM | 67103X102 |  | 10140563 | 233170 | SH |  | SOLE |  | 231450 | 0 | 1720 |
| OP BANCORP | COM | 67109R109 |  | 3569547 | 256433 | SH |  | SOLE |  | 256433 | 0 | 0 |
| OLD SECOND BANCORP INC ILL | COM | 680277100 |  | 5796265 | 335335 | SH |  | SOLE |  | 332785 | 0 | 2550 |
| PIONEER BANCORP INC MD | COM | 723561106 |  | 543296 | 41600 | SH |  | SOLE |  | 41600 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | BUYBACK ACHIEV | 46137V308 |  | 1080507 | 8156 | SH |  | SOLE |  | 0 | 0 | 8156 |
| PRIMERICA INC | COM | 74164M108 |  | 219296 | 790 | SH |  | SOLE |  | 0 | 0 | 790 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 8852255 | 132005 | SH |  | SOLE |  | 126275 | 0 | 5730 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 4204131 | 22162 | SH |  | SOLE |  | 0 | 0 | 22162 |
| STIFEL FINL CORP | COM | 860630102 |  | 1361640 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| SLM CORP | COM | 78442P106 |  | 11276970 | 407405 | SH |  | SOLE |  | 397000 | 0 | 10405 |
| SOTHERLY HOTELS INC | COM | 83600C103 |  | 586242 | 732802 | SH |  | SOLE |  | 724602 | 0 | 8200 |
| SYNCHRONY FINANCIAL | COM | 87165B103 |  | 895230 | 12600 | SH |  | SOLE |  | 12600 | 0 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 2678278 | 58580 | SH |  | SOLE |  | 58580 | 0 | 0 |
| UBS GROUP AG | SHS | H42097107 |  | 2043850 | 49850 | SH |  | SOLE |  | 48250 | 0 | 1600 |
| UBS GROUP AG | SHS | H42097107 |  | 3158315 | 2711 | SH | Call | SOLE |  | 2711 | 0 | 0 |
| UMB FINL CORP | COM | 902788108 |  | 12030278 | 101650 | SH |  | SOLE |  | 100950 | 0 | 700 |
| UNITY BANCORP INC | COM | 913290102 |  | 1638904 | 33536 | SH |  | SOLE |  | 33536 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 816240 | 2391 | SH |  | SOLE |  | 1900 | 0 | 491 |
| VICTORY CAP HLDGS INC | COM CL A | 92645B103 |  | 8467500 | 130752 | SH |  | SOLE |  | 127267 | 0 | 3485 |
| VIRTUS INVT PARTNERS INC | COM | 92828Q109 |  | 11624895 | 61174 | SH |  | SOLE |  | 60164 | 0 | 1010 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 257613 | 785 | SH |  | SOLE |  | 0 | 0 | 785 |
| VIATRIS INC | COM | 92556V106 |  | 495356 | 50036 | SH |  | SOLE |  | 50000 | 0 | 36 |
| WESTERN ALLIANCE BANCORP | COM | 957638109 |  | 9037091 | 104210 | SH |  | SOLE |  | 103460 | 0 | 750 |
| WEBSTER FINL CORP | COM | 947890109 |  | 4457703 | 74995 | SH |  | SOLE |  | 74995 | 0 | 0 |
| WEX INC | COM | 96208T104 |  | 10390679 | 65960 | SH |  | SOLE |  | 64700 | 0 | 1260 |
| WISDOMTREE INC | COM | 97717P104 |  | 334629 | 24074 | SH |  | SOLE |  | 24074 | 0 | 0 |
| BLOCK INC | CL A | 852234103 |  | 1048638 | 14510 | SH |  | SOLE |  | 14510 | 0 | 0 |

---