# EDGAR Filing Document

**Accession Number:** 0000864230
**File Stem:** 0000910472-25-001867
**Filing Date:** 2025-9
**Character Count:** 40489
**Document Hash:** 2bbb5392404121bfffa150e65075d435
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-001867.hdr.sgml**: 20250929

**ACCESSION NUMBER**: 0000910472-25-001867

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250929

**DATE AS OF CHANGE**: 20250929

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CALDWELL & ORKIN FUNDS INC
- **CENTRAL INDEX KEY:** 0000864230

**ORGANIZATION NAME:**
- **EIN:** 581895283
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06113
- **FILM NUMBER:** 251354637

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** OTC SELECT 100 FUND INC
- **DATE OF NAME CHANGE:** 19920629

## Series and Classes Contracts Data

### Caldwell & Orkin - Gator Capital Long/Short Fund (Series ID: S000011446)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000031655 | Caldwell & Orkin - Gator Capital Long/Short Fund | COAGX           |

## Nport-Ex

Gator

Capital

Long/Short

Fund

Schedule

of

Investments

July

31,

2025

(Unaudited)

COMMON

STOCKS

—

LONG

—

87.38%

Shares

Fair

Value

Banks

—

27.97%

Axos

Financial,

Inc.

(a) 25,000

$

2,158,750

Banc

of

California,

Inc.

56,600

821,832

Bridgewater

Bancshares,

Inc.

(a) 24,000

373,440

Business

First

Bancshares,

Inc.

2,265

53,794

Capital

Bancorp,

Inc.

19,915

626,924

Chain

Bridge

Bancorp,

Inc.

(a) 24,900

658,356

ConnectOne

Bancorp,

Inc.

60,800

1,400,224

Customers

Bancorp,

Inc.

(a) 27,200

1,734,000

Dime

Community

Bancshares,

Inc.

7,063

195,716

First

Business

Financial

Services,

Inc.

7,500

357,150

First

Citizens

BancShares,

Inc.,

Class

A

900

1,795,284

First

Internet

Bancorp

10,000

219,300

Homestreet,

Inc.

(a) 38,232

500,075

OFG

Bancorp

19,991

852,016

Old

Second

Bancorp,

Inc.

43,900

744,983

OP

Bancorp

38,573

493,734

UMB

Financial

Corp.

16,000

1,759,840

Unity

Bancorp,

Inc.

5,051

248,055

Webster

Financial

Corp.

15,000

864,750

Western

Alliance

Bancorp

24,000

1,861,440

17,719,663

Casinos

&

Gaming

—

0.38%

Caesars

Entertainment,

Inc.

(a) 9,000

240,120

Computer

Hardware

&

Storage

—

1.28%

Dell

Technologies,

Inc.,

Class

C

4,000

530,760

Hewlett

Packard

Enterprise

Co.

13,500

279,315

810,075

Consumer

Finance

—

4.80%

SLM

Corp.

68,000

2,162,400

Synchrony

Financial

12,600

877,842

3,040,242

Data

&

Transaction

Processors

—

7.19%

Block,

Inc.

(a) 12,000

927,120

Global

Payments,

Inc.

15,900

1,271,205

Visa,

Inc.,

Class

A

1,900

656,393

WEX,

Inc.

(a) 10,000

1,696,800

4,551,518

Data

Processing

&

Outsourced

Services

—

1.68%

PayPal

Holdings,

Inc.

(a) 15,500

1,065,780

Diversified

Banks

—

6.65%

Barclays

PLC

-

ADR

108,000

2,118,960

BNP

Paribas

SA

-

ADR

32,000

1,459,200

Societe

Generale

SA

-

ADR

50,000

639,500

4,217,660

Gator

Capital

Long/Short

Fund

Schedule

of

Investments

(continued)

July

31,

2025

(Unaudited)

COMMON

STOCKS

—

LONG

—

87.38%

-

continued

Shares

Fair

Value

Institutional

Brokerage

—

4.22%

Interactive

Brokers

Group,

Inc.,

Class

A

40,800

$

2,674,848

Insurance

Brokers

&

Services

—

0.59%

Kingstone

Companies,

Inc.

(a) 22,629

370,889

Internet

Media

&

Services

—

2.44%

Meta

Platforms,

Inc.,

Class

A

2,000

1,546,880

Investment

Companies

—

0.19%

BBX

Capital,

Inc.

(a) 32,801

121,364

Investment

Management

—

2.99%

Invesco

Ltd.

75,000

1,575,750

WisdomTree

Investments,

Inc.

24,074

319,462

1,895,212

Life

Insurance

—

6.94%

Corebridge

Financial,

Inc.

46,500

1,653,540

Genworth

Financial,

Inc.,

Class

A

(a) 160,000

1,257,600

Jackson

Financial,

Inc.,

Class

A

17,000

1,488,520

4,399,660

Private

Equity

—

4.49%

The

Carlyle

Group,

Inc.

20,000

1,213,200

Victory

Capital

Holdings,

Inc.,

Class

A

23,590

1,625,587

2,838,787

Real

Estate

Services

—

2.14%

Anywhere

Real

Estate,

Inc.

(a) 294,000

1,358,280

Specialty

&

Generic

Pharmaceuticals

—

0.77%

Viatris,

Inc.

56,000

489,440

Wealth

Management

—

12.66%

Ameriprise

Financial,

Inc.

2,500

1,295,475

Robinhood

Markets,

Inc.,

Class

A

(a) 20,000

2,061,000

Stifel

Financial

Corp.

12,000

1,369,440

UBS

Group

AG

46,000

1,717,180

Virtus

Investment

Partners,

Inc.

8,200

1,585,142

8,028,237

Total

Common

Stocks

—

Long

—

(Cost $35,190,669)

55,368,655

PREFERRED

STOCKS

—

LONG

—

4.55%

Specialty

Finance

—

4.55%

AG

Mortgage

Investment

Trust,

Inc.,

Series

C,

8.00%

36,000

910,080

Chimera

Investment

Corp.,

Series

B,

8.00%

14,391

359,775

Chimera

Investment

Corp.,

Series

D,

8.00%

19,717

486,615

Federal

National

Mortgage

Association,

Series

O,

7.00%

(a) 5,243

127,143

Federal

National

Mortgage

Association,

Series

R,

7.63%

(a) 30,185

373,328

SLM

Corp.,

Series

B,

1.70%

8,276

624,838

Total

Preferred

Stocks

—

Long

—

(Cost $1,976,682)

2,881,779

Gator

Capital

Long/Short

Fund

Schedule

of

Investments

(continued)

July

31,

2025

(Unaudited)

MONEY

MARKET

FUNDS

-

7.75%

Shares

Fair

Value

First

American

Government

Obligations

Fund

-

Class

X,

4.23%

(b) 4,910,014

$

4,910,014

Total

Money

Market

Funds

(Cost

$4,910,014)

4,910,014

Total

Investments

—

99.68%

(Cost

$42,077,365)

63,160,448

Other

Assets

in

Excess

of

Liabilities — 0.32%

200,725

NET

ASSETS

—

100.00%

$

63,361,173

(a) Non-income

producing

security.

(b) Rate

disclosed

is

the

seven

day

effective

yield

as

of

July

31,

2025. ADR

-

American

Depositary

Receipt

Gator

Capital

Long/Short

Fund

Schedule

of

Securities

Sold

Short

July

31,

2025

(Unaudited)

COMMON

STOCKS

—

SHORT

—

(16.91)%

Shares

Fair

Value

Banks

—

(7.32)%

Bank

of

Hawaii

Corp.

(10,000)

$

(618,800)

Capitol

Federal

Financial,

Inc.

(23,300)

(140,266)

Citigroup,

Inc.

(14,000)

(1,311,800)

First

Financial

Bankshares,

Inc.

(6,250)

(216,375)

Hingham

Institution

for

Savings

(2,354)

(576,448)

Northwest

Bancshares,

Inc.

(9,142)

(106,961)

Park

National

Corp.

(1,700)

(275,179)

Renasant

Corp.

(8,100)

(296,784)

Toronto-Dominion

Bank

(The)

(15,000)

(1,093,200)

(4,635,813)

Commercial

Vehicles

—

0.00%

Nikola

Corp.

(a) (333) (10) Industrial

Wholesale

&

Rental

—

(0.76)%

SiteOne

Landscape

Supply,

Inc.

(a) (3,500)

(482,405)

Insurance

Brokers

—

(0.44)%

Arthur

J. Gallagher

&

Co.

(960) (275,760)

Investment

Companies

—

(0.09)%

TriplePoint

Venture

Growth

BDC

Corp.

(8,500)

(58,480)

Investment

Management

—

(0.56)%

T. Rowe

Price

Group,

Inc.

(3,500)

(355,075)

Mass

Merchants

—

(0.46)%

Walmart,

Inc.

(3,000)

(293,940)

Mortgage

Finance

—

(1.22)%

AGNC

Investment

Corp.

(14,600)

(137,678)

Essent

Group

Ltd.

(9,000)

(503,910)

Federal

National

Mortgage

Association

(a) (15,600)

(125,112)

(766,700)

Non-Alcoholic

Beverages

—

(0.02)%

Oatly

Group

AB

-

ADR

(a) (782) (11,902)

Office

REITs

—

(1.33)%

Corporate

Office

Properties

Trust

(15,000)

(409,200)

Cousins

Properties,

Inc.

(16,000)

(433,600)

(842,800)

P&C

Insurance

—

(3.79)%

American

International

Group,

Inc.

(12,000)

(931,560)

NMI

Holdings,

Inc.,

Class

A

(a) (19,291)

(719,940)

Radian

Group,

Inc.

(23,000)

(750,030)

(2,401,530)

Packaged

Food

—

(0.01)%

Beyond

Meat,

Inc.

(a) (1,600)

(4,864)

Regional

Banks

—

(0.91)%

KeyCorp

(32,000)

(573,440)

Total

Common

Stocks

-

Short

(Proceeds

Received $10,515,860)

(10,702,719)

Gator

Capital

Long/Short

Fund

Schedule

of

Securities

Sold

Short

(continued)

July

31,

2025

(Unaudited)

EXCHANGE-TRADED

FUNDS

—

SHORT

—

(0.08)%

Shares

Fair

Value

Direxion

Daily

Financial

Bear

3X

Shares

(11,700)

$

(51,831)

Total

Exchange-Traded

Funds

-

Short

(Proceeds

Received

$499,663)

(51,831)

Total

Securities

Sold

Short

-

(16.99)%

(Proceeds

Received

$11,015,523)

(10,754,550)

(a) Non-income

producing

security.

ADR

-

American

Depositary

Receipt

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Caldwell & Orkin Funds, Inc.

- **b. Investment Company Act file number:** 811-06113

- **c. CIK number of Registrant:** 0000864230

- **d. LEI of Registrant:** 5493008S0906HH519X80

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 2502 N. Rocky Point Drive

  - **City:** Tampa

  - **State:** FL

  - **Foreign country:** US

  - **Zip / Postal Code:** 33607

  - **Telephone number:** 813-282-7870

**Item A.2. Information about the Series.**

- **a. Name of Series:** GATOR CAPITAL LONG/SHORT FUND

- **b. EDGAR series identifier (if any):** S000011446

- **c. LEI of Series:** 5493008S0906HH519X80

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2025-07-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $74273876.04

**Total Liabilities:** $11006525.89

**Net Assets:** $63267350.15

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000031655 | 7.40%                | 6.21%                | 5.69%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1327696.30              | $2268444.53                                |
| Month 2  | $145964.51               | $3241956.47                                |
| Month 3  | $1915101.71              | $1495165.79                                |

**Designated Index Information**

- **Index Name:** CALDWELL & ORKIN DRP

- **Index Identifier:** CALDWELL & ORKIN DRP

### Schedule of Portfolio Investments

| Name                                     | Title                                                   | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Customers Bancorp, Inc.                  | Customers Bancorp, Inc.                                 | CUSIP: 23204G100<br>LEI: 549300WLBCHYKZ53FN68 | Long             | EC               | CORP              | US        |     27200 | NS      | $1734000.00   | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                      | Synchrony Financial                                     | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |     12600 | NS      | $877842.00    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwest Bancshares Inc                 | Northwest Bancshares, Inc.                              | CUSIP: 667340103<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -9142 | NS      | $-106961.40   | -0.17%            |  |  |  | No            |                  1 | On Loan: No      |
| Chimera Investment Corporation           | Chimera Investment Corp., Series D, 8.00%               | CUSIP: 16934Q604<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |     19717 | NS      | $486615.56    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Capitol Fed Fin In                       | Capitol Federal Financial, Inc.                         | CUSIP: 14057J101<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -23300 | NS      | $-140266.00   | -0.22%            |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corporation             | Stifel Financial Corp.                                  | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |     12000 | NS      | $1369440.00   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Corebridge Financial Inc.                | Corebridge Financial Inc                                | CUSIP: 21871X109<br>LEI: 549300XY1661QCIA7J65 | Long             | EC               | CORP              | US        |     46500 | NS      | $1653540.00   | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial, Inc.               | Ameriprise Financial, Inc.                              | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |      2500 | NS      | $1295475.00   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                       | Meta Platforms, Inc.                                    | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      2000 | NS      | $1546880.00   | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group Inc            | Interactive Brokers Group, Inc.                         | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |     40800 | NS      | $2674848.00   | 4.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtus Investment Partners Inc.          | Virtus Investment Partners, Inc.                        | CUSIP: 92828Q109<br>LEI: 549300HWF93HB8BDM648 | Long             | EC               | CORP              | US        |      8200 | NS      | $1585142.00   | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| WisdomTree, Inc.                         | WisdomTree, Inc.                                        | CUSIP: 97717P104<br>LEI: 549300WIU8IS7UFO7871 | Long             | EC               | CORP              | US        |     24074 | NS      | $319461.98    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Societe Generale S.A.                    | Societe Generale SA                                     | CUSIP: 83364L109<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | EC               | CORP              | FR        |     50000 | NS      | $639500.00    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Anywhere Real Estate Inc.                | Anywhere Real Estate, Inc.                              | CUSIP: 75605Y106<br>LEI: 5493004HBTOTE9DI9P12 | Long             | EC               | CORP              | US        |    294000 | NS      | $1358280.00   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Second Bancorp Inc.                  | Old Second Bancorp, Inc.                                | CUSIP: 680277100<br>LEI: 549300XVJC1MPUT81C04 | Long             | EC               | CORP              | US        |     43900 | NS      | $744983.00    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Axos Financial Inc                       | Axos Financial, Inc.                                    | CUSIP: 05465C100<br>LEI: 529900D8M56422GK9O25 | Long             | EC               | CORP              | US        |     25000 | NS      | $2158750.00   | 3.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Essent Group Ltd.                        | Essent Group Ltd.                                       | CUSIP: G3198U102<br>LEI: 254900QUO860OUT6ZF83 | Short            | EC               | CORP              | BM        |     -9000 | NS      | $-503910.00   | -0.80%            |  |  |  | No            |                  1 | On Loan: No      |
| COPT Defense Properties                  | Corporate Office Properties Trust                       | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Short            | EC               | CORP              | US        |    -15000 | NS      | $-409200.00   | -0.65%            |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association    | Federal National Mortgage Association, Series R, 7.625% | CUSIP: 313586760<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | EP               | USGSE             | US        |     30185 | NS      | $373328.08    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Ltd                              | Invesco Ltd.                                            | CUSIP: G491BT108<br>LEI: ECPGFXU8A2SHKVVGJI15 | Long             | EC               | CORP              | BM        |     75000 | NS      | $1575750.00   | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| First Internet Bancorp.                  | First Internet Bancorp                                  | CUSIP: 320557101<br>LEI: 549300T25MP2M92XU194 | Long             | EC               | CORP              | US        |     10000 | NS      | $219300.00    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Alliance Bancorp                 | Western Alliance Bancorp                                | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |     24000 | NS      | $1861440.00   | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Banc Of California Inc.                  | Banc of California, Inc.                                | CUSIP: 05990K106<br>LEI: 549300ZKWUJDP6LJ1X87 | Long             | EC               | CORP              | US        |     56600 | NS      | $821832.00    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| The Toronto-Dominion Bank                | Toronto-Dominion Bank/The                               | CUSIP: 891160509<br>LEI: PT3QB789TSUIDF371261 | Short            | EC               | CORP              | CA        |    -15000 | NS      | $-1093200.00  | -1.73%            |  |  |  | No            |                  1 | On Loan: No      |
| Bbx Capital Inc                          | BBX Capital, Inc.                                       | CUSIP: 073319105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32801 | NS      | $121363.70    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Siteone Landscape Supply Inc             | SiteOne Landscape Supply, Inc.                          | CUSIP: 82982L103<br>LEI: 5299008LX7SBD4HIAU03 | Short            | EC               | CORP              | US        |     -3500 | NS      | $-482405.00   | -0.76%            |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                 | Visa, Inc.                                              | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      1900 | NS      | $656393.00    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Radian Group Inc.                        | Radian Group, Inc.                                      | CUSIP: 750236101<br>LEI: 54930005OUP720S5U385 | Short            | EC               | CORP              | US        |    -23000 | NS      | $-750030.00   | -1.19%            |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                                | Block, Inc.                                             | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |     12000 | NS      | $927120.00    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bankshares Inc           | First Financial Bankshares, Inc.                        | CUSIP: 32020R109<br>LEI: 549300XN3GTGOENGNV49 | Short            | EC               | CORP              | US        |     -6250 | NS      | $-216375.00   | -0.34%            |  |  |  | No            |                  1 | On Loan: No      |
| Hingham Institution for Savings          | Hingham Institution for Savings                         | CUSIP: 433323102<br>LEI: 2549009GDCGUR2T6KU55 | Short            | EC               | CORP              | US        |     -2354 | NS      | $-576447.52   | -0.91%            |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc.                           | Citigroup, Inc.                                         | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Short            | EC               | CORP              | US        |    -14000 | NS      | $-1311800.00  | -2.07%            |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                           | BNP Paribas SA                                          | CUSIP: 05565A202<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EC               | CORP              | FR        |     32000 | NS      | $1459200.00   | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association    | Federal National Mortgage Association                   | CUSIP: 313586794<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | EP               | USGSE             | US        |      5243 | NS      | $127142.75    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Genworth Financial Inc.                  | Genworth Financial, Inc.                                | CUSIP: 37247D106<br>LEI: 549300EMCG286BDNKJ33 | Long             | EC               | CORP              | US        |    160000 | NS      | $1257600.00   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Gallagher Aj &Co                         | Arthur J Gallagher & Co.                                | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Short            | EC               | CORP              | US        |      -960 | NS      | $-275760.00   | -0.44%            |  |  |  | No            |                  1 | On Loan: No      |
| SLM Corp.                                | SLM Corp.                                               | CUSIP: 78442P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     68000 | NS      | $2162400.00   | 3.42%             |  |  |  | No            |                  1 | On Loan: No      |
| KeyCorp                                  | KeyCorp                                                 | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Short            | EC               | CORP              | US        |    -32000 | NS      | $-573440.00   | -0.91%            |  |  |  | No            |                  1 | On Loan: No      |
| Dell Technologies Inc                    | Dell Technolodies, Inc.                                 | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |      4000 | NS      | $530760.00    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                              | Wal-Mart Stores, Inc.                                   | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Short            | EC               | CORP              | US        |     -3000 | NS      | $-293940.00   | -0.46%            |  |  |  | No            |                  1 | On Loan: No      |
| Agnc Investment Corp                     | AGNC Investment Corp.                                   | CUSIP: 00123Q104<br>LEI: 5TRACI5HRMELWV32OF39 | Short            | EC               | CORP              | US        |    -14600 | NS      | $-137678.00   | -0.22%            |  |  |  | No            |                  1 | On Loan: No      |
| OP Bancorp                               | OP Bancorp                                              | CUSIP: 67109R109<br>LEI: 549300LTYZMS0Q13U522 | Long             | EC               | CORP              | US        |     38573 | NS      | $493734.40    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| MECHANICS BANCORP                        | MECHANICS BANCORP                                       | CUSIP: 43785V102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38232 | NS      | $500074.56    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corp.                      | UMB Financial Corp.                                     | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |     16000 | NS      | $1759840.00   | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Victory Capital Holdings, Inc.           | Victory Capital Holdings, Inc.                          | CUSIP: 92645B103<br>LEI: 549300BN5LH2CIPPHS71 | Long             | EC               | CORP              | US        |     23590 | NS      | $1625586.90   | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Beyond Meat Inc                          | Beyond Meat, Inc.                                       | CUSIP: 08862E109<br>LEI: 549300XQ946NCE51DR09 | Short            | EC               | CORP              | US        |     -1600 | NS      | $-4864.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Nikola Corp.                             | Nikola Corp.                                            | CUSIP: 654110303<br>LEI: 6354007SKFUCHYZAKQ61 | Short            | EC               | CORP              | US        |      -333 | NS      | $-9.99        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Caesars Entertainment Inc.               | Caesars Entertainment, Inc.                             | CUSIP: 12769G100<br>LEI: 549300FA4CTCW903Y781 | Long             | EC               | CORP              | US        |      9000 | NS      | $240120.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Hawaii Corp.                     | Bank of Hawaii Corp.                                    | CUSIP: 062540109<br>LEI: 5493006Q8BQ8AD8M2U33 | Short            | EC               | CORP              | US        |    -10000 | NS      | $-618800.00   | -0.98%            |  |  |  | No            |                  1 | On Loan: No      |
| Bridgewater Bancshares Inc.              | Bridgewater Bancshares, Inc.                            | CUSIP: 108621103<br>LEI: 5493001FLSBTVILKXZ71 | Long             | EC               | CORP              | US        |     24000 | NS      | $373440.00    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Oatly Group AB                           | Oatly Group AB                                          | CUSIP: 67421J207<br>LEI: 894500CEIOQNBAH10Z10 | Short            | EC               | CORP              | SE        |      -782 | NS      | $-11902.04    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Renasant Corp.                           | Renasant Corp.                                          | CUSIP: 75970E107<br>LEI: 549300OVE6OZHW2UUH81 | Short            | EC               | CORP              | US        |     -8100 | NS      | $-296784.00   | -0.47%            |  |  |  | No            |                  1 | On Loan: No      |
| Capital Bancorp Inc.                     | Capital Bancorp Inc                                     | CUSIP: 139737100<br>LEI: 549300LQKYGWQ7VP0C75 | Long             | EC               | CORP              | US        |     19915 | NS      | $626924.20    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Chain Bridge Bancorp Inc.                | Chain Bridge Bancorp Inc                                | CUSIP: 15746L100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24900 | NS      | $658356.00    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Payments Inc                      | Global Payments, Inc.                                   | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |     15900 | NS      | $1271205.00   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets Inc                    | Robinhood Markets, Inc.                                 | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |     20000 | NS      | $2061000.00   | 3.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Financial Inc                    | Jackson Financial Corp.                                 | CUSIP: 46817M107<br>LEI: 213800WXW2KG1N4CO374 | Long             | EC               | CORP              | US        |     17000 | NS      | $1488520.00   | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Dime Community Bancshares Inc.           | Dime Community Bancshares, Inc.                         | CUSIP: 25432X102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7063 | NS      | $195715.73    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Webster Financial Corp.                  | Webster Financial Corp.                                 | CUSIP: 947890109<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EC               | CORP              | US        |     15000 | NS      | $864750.00    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Hewlett Packard Enterprise Co.           | Hewlett Packard Enterprise Co.                          | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |     13500 | NS      | $279315.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.                | First American Government Obligations Fund              | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   4910014 | PA      | $4910013.60   | 7.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Unity Bancorp Inc                        | UNITY BANCORP INC.                                      | CUSIP: 913290102<br>LEI: 549300Q90ZRNUR65PL93 | Long             | EC               | CORP              | US        |      5051 | NS      | $248054.61    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                             | UBS Group AG                                            | CUSIP: H42097107<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |     46000 | NS      | $1717180.00   | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| First Business Financial Services Inc.   | First Business Financial Services, Inc.                 | CUSIP: 319390100<br>LEI: 549300BXKLW2T50TKU95 | Long             | EC               | CORP              | US        |      7500 | NS      | $357150.00    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association    | Federal National Mortgage Association                   | CUSIP: 313586109<br>LEI: B1V7KEBTPIMZEU4LTD58 | Short            | EC               | USGA              | US        |    -15600 | NS      | $-125112.00   | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| Price T Rowe Group Inc.                  | T. ROWE PRICE GROP INC. SHORT POSITION                  | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Short            | EC               | CORP              | US        |     -3500 | NS      | $-355075.00   | -0.56%            |  |  |  | No            |                  1 | On Loan: No      |
| TriplePoint Venture Growth BDC Corp      | TriplePoint Venture Growth BDC Corp.                    | CUSIP: 89677Y100<br>LEI: 549300ATPBY6JIFH9Z88 | Short            | EC               | RF                | US        |     -8500 | NS      | $-58480.00    | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Business First Bancshares Inc.           | Business First Bancshares, Inc.                         | CUSIP: 12326C105<br>LEI: 549300ILTC50KHDX4A08 | Long             | EC               | CORP              | US        |      2265 | NS      | $53793.75     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Connectone Bancorp Inc.                  | ConnectOne Bancorp, Inc.                                | CUSIP: 20786W107<br>LEI: 549300E2M5ZYAZKUK134 | Long             | EC               | CORP              | US        |     60800 | NS      | $1400224.00   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Direxion Shares ETF Trust                | Direxion Daily Financial Bear 3X Shares                 | CUSIP: 25460E240<br>LEI: 549300M501IVJM50FG12 | Short            | EC               | RF                | US        |    -11700 | NS      | $-51831.00    | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Park National Corp                       | Park National Corp.                                     | CUSIP: 700658107<br>LEI: 5493001T01TDELV5OO63 | Short            | EC               | CORP              | US        |     -1700 | NS      | $-275179.00   | -0.43%            |  |  |  | No            |                  1 | On Loan: No      |
| Barclays PLC                             | Barclays PLC                                            | CUSIP: 06738E204<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EC               | CORP              | GB        |    108000 | NS      | $2118960.00   | 3.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Cousins Properties Inc.                  | Cousins Properties, Inc.                                | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Short            | EC               | CORP              | US        |    -16000 | NS      | $-433600.00   | -0.69%            |  |  |  | No            |                  1 | On Loan: No      |
| Carlyle Group Inc                        | The Carlyle Group, Inc.                                 | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               | CORP              | US        |     20000 | NS      | $1213200.00   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Viatris Inc                              | Viatris, Inc.                                           | CUSIP: 92556V106<br>LEI: 254900ZZTSW7NL773X71 | Long             | EC               | CORP              | US        |     56000 | NS      | $489440.00    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Kingstone Companies Inc                  | Kingstone Companies, Inc.                               | CUSIP: 496719105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22629 | NS      | $370889.31    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| OFG Bancorp                              | OFG Bancorp                                             | CUSIP: 67103X102<br>LEI: 549300Q4QEXJ37LEXQ06 | Long             | EC               | CORP              | PR        |     19991 | NS      | $852016.42    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Paypal Holdings Inc.                     | PayPal Holdings, Inc.                                   | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |     15500 | NS      | $1065780.00   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Chimera Investment Corporation           | Chimera Investment Corp., Series B                      | CUSIP: 16934Q406<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |     14391 | NS      | $359775.00    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM Corp.                                | SLM Corp.                                               | CUSIP: 78442P502<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      8276 | NS      | $624838.00    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| WEX Inc                                  | WEX, Inc.                                               | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | EC               | CORP              | US        |     10000 | NS      | $1696800.00   | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group Inc.        | American International Group, Inc.                      | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Short            | EC               | CORP              | US        |    -12000 | NS      | $-931560.00   | -1.47%            |  |  |  | No            |                  1 | On Loan: No      |
| AG Mortgage Investment Trust Inc.        | AG Mortgage Investment Trust, Inc. Series C, 8.00%      | CUSIP: 001228402<br>LEI: 549300SNP0PBR2XTFR48 | Long             | EP               | CORP              | US        |     36000 | NS      | $910080.00    | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| NMI Holdings Inc                         | NMI Holdings, Inc.                                      | CUSIP: 629209305<br>LEI: 529900KNNGFXJX1C3Z08 | Short            | EC               | CORP              | US        |    -19291 | NS      | $-719940.12   | -1.14%            |  |  |  | No            |                  1 | On Loan: No      |
| First Citizens BancShares Inc (Delaware) | First Citizens BancShares, Inc.                         | CUSIP: 31946M103<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EC               | CORP              | US        |       900 | NS      | $1795284.00   | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-31

**Name of Applicant:** Caldwell & Orkin Funds, Inc.

**Signature:** Gregory Knoth

**Name of Signer:** Gregory Knoth

**Title:** SVP, Mutual Fund Controller