# EDGAR Filing Document

**Accession Number:** 0000864230
**File Stem:** 0000910472-26-004941
**Filing Date:** 2026-3
**Character Count:** 47599
**Document Hash:** 7a50e0b1ee3c821bae092ce97f81c0bf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-004941.hdr.sgml**: 20260331

**ACCESSION NUMBER**: 0000910472-26-004941

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260331

**DATE AS OF CHANGE**: 20260331

**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:** 26817999

**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

January

31,

2026

(Unaudited)

COMMON

STOCKS

—

LONG

—

91.62%

Shares

Fair

Value

Banks

—

31.01%

Alerus

Financial

Corp.

15,100

$

371,762

Axos

Financial,

Inc.

(a) 27,000

2,672,730

Bridgewater

Bancshares,

Inc.

(a) 13,107

251,785

Business

First

Bancshares,

Inc.

10,408

293,193

Capital

Bancorp,

Inc.

19,915

611,789

Chain

Bridge

Bancorp,

Inc.

(a) 24,900

877,476

Commercial

Bancgroup,

Inc.

(a) 29,200

769,128

ConnectOne

Bancorp,

Inc.

66,360

1,766,503

Customers

Bancorp,

Inc.

(a) 33,000

2,607,660

Dime

Community

Bancshares,

Inc.

22,000

748,440

First

Business

Financial

Services,

Inc.

7,500

429,900

First

Citizens

BancShares,

Inc.,

Class

A

724,350

First

Financial

Bancorp

(a) 53,000

1,523,220

First

Internet

Bancorp

15,200

331,208

Homestreet,

Inc.

(a) 59,000

884,410

Meta

Financial

Group,

Inc.

8,369

755,637

OFG

Bancorp

48,283

1,945,805

Old

Second

Bancorp,

Inc.

43,900

870,976

OP

Bancorp

30,958

432,793

TFS

Financial

Corp.

100,000

1,407,500

UMB

Financial

Corp.

20,000

2,542,800

Unity

Bancorp,

Inc.

5,051

272,552

WesBanco,

Inc.

23,000

811,670

Western

Alliance

Bancorp

24,400

2,175,260

26,078,547

Commercial

Finance

—

0.92%

PROG

Holdings,

Inc.

23,800

772,072

Computer

Hardware

&

Storage

—

1.01%

Dell

Technologies,

Inc.,

Class

C

4,000

457,760

Hewlett

Packard

Enterprise

Co.

18,000

387,360

845,120

Consumer

Finance

—

4.10%

Navient

Corp.

70,000

686,700

SLM

Corp.

68,000

1,846,200

Synchrony

Financial

12,600

915,138

3,448,038

Data

&

Transaction

Processors

—

8.76%

Block,

Inc.

(a) 13,200

797,676

Fiserv,

Inc.

(a) 34,000

2,166,820

Global

Payments,

Inc.

31,400

2,252,636

Visa,

Inc.,

Class

A

1,900

611,477

WEX,

Inc.

(a) 10,000

1,539,000

7,367,609

Diversified

Banks

—

8.35%

Barclays

PLC

-

ADR

63,000

1,685,250

BNP

Paribas

S.A.

-

ADR

(a) 45,500

2,441,985

Gator

Capital

Long/Short

Fund

Schedule

of

Investments

(continued)

January

31,

2026

(Unaudited)

COMMON

STOCKS

—

LONG

—

91.62%

-

continued

Shares

Fair

Value

Diversified

Banks

—

8.35%

-

continued

Societe

Generale

S.A.

-

ADR

165,000

$

2,892,450

7,019,685

Institutional

Brokerage

—

3.63%

Interactive

Brokers

Group,

Inc.,

Class

A

40,800

3,055,104

Insurance

Brokers

&

Services

—

0.86%

Kingstone

Companies,

Inc.

47,000

726,150

Internet

Media

&

Services

—

1.70%

Meta

Platforms,

Inc.,

Class

A

2,000

1,433,000

Investment

Companies

—

0.14%

BBX

Capital,

Inc.

(a) 32,321

113,447

Investment

Management

—

0.09%

WisdomTree

Investments,

Inc.

4,816

78,019

Life

Insurance

—

7.88%

Genworth

Financial,

Inc.,

Class

A

(a) 160,000

1,334,400

Jackson

Financial,

Inc.

17,000

2,021,640

Primerica,

Inc.

6,300

1,657,152

Voya

Financial,

Inc.

21,000

1,609,860

6,623,052

P&

C

Insurance

—

0.63%

Hippo

Holdings,

Inc.

(a) 17,700

527,460

Private

Equity

—

2.74%

The

Carlyle

Group,

Inc.

20,000

1,175,600

Victory

Capital

Holdings,

Inc.,

Class

A

16,000

1,128,480

2,304,080

Real

Estate

Services

—

4.44%

Compass,

Inc.,

Class

A

(a) 298,047

3,731,548

Reinsurance

—

1.57%

Fairfax

Financial

Holdings

Ltd.

800

1,319,440

Specialty

&

Generic

Pharmaceuticals

—

0.40%

Viatris,

Inc.

26,000

340,340

Thrifts

&

Mortgage

Finance

—

0.93%

Columbia

Financial,

Inc.

(a) 48,015

781,204

Wealth

Management

—

12.46%

Ameriprise

Financial,

Inc.

5,000

2,635,950

Raymond

James

Financial,

Inc.

8,400

1,393,224

Robinhood

Markets,

Inc.,

Class

A

(a) 14,700

1,462,356

Stifel

Financial

Corp.

12,000

1,479,600

UBS

Group

A.G.

46,000

2,168,900

Virtus

Investment

Partners,

Inc.

8,200

1,338,650

10,478,680

Total

Common

Stocks

—

Long—

(Cost $52,329,430)

77,042,595

Gator

Capital

Long/Short

Fund

Schedule

of

Investments

(continued)

January

31,

2026

(Unaudited)

PREFERRED

STOCKS

—

LONG

—

2.92%

Shares

Fair

Value

Specialty

Finance

—

2.92%

AG

Mortgage

Investment

Trust,

Inc.,

Series

C,

8.00%

33,208

$

843,819

Chimera

Investment

Corp.,

Series

B,

8.00%

14,391

339,340

Chimera

Investment

Corp.,

Series

D,

8.00%

19,717

458,814

Federal

National

Mortgage

Association,

Series

O,

7.00%

5,243

114,507

Federal

National

Mortgage

Association,

Series

R,

7.63%

30,185

334,752

SLM

Corp.,

Series

B,

1.70%

4,834

358,441

Total

Preferred

Stocks

—

Long—

(Cost $1,725,959)

2,449,673

MONEY

MARKET

FUNDS

-

5.08%

First

American

Government

Obligations

Fund

-

Class

X,

3.61%

(b) 4,271,434

4,271,434

Total

Money

Market

Funds

(Cost

$4,271,434)

4,271,434

Total

Investments

—

99.62%

(Cost

$58,326,823)

83,763,702

Other

Assets

in

Excess

of

Liabilities — 0.38%

323,029

NET

ASSETS

—

100.00%

$

84,086,731

(a) Non-income

producing

security.

(b) Rate

disclosed

is

the

seven

day

effective

yield

as

of

January

31,

2026. ADR

-

American

Depositary

Receipt

Gator

Capital

Long/Short

Fund

Schedule

of

Securities

Sold

Short

January

31,

2026

(Unaudited)

COMMON

STOCKS

—

SHORT

—

(21.76)%

Shares

Fair

Value

Banks

—

(11.35)%

Bank

of

Hawaii

Corp.

(10,000)

$

(747,800)

BankUnited,

Inc.

(7,500)

(356,025)

Cadence

Bank

(7,700)

(324,247)

Citigroup,

Inc.

(14,000)

(1,619,940)

First

Financial

Bankshares

,

Inc.

(17,250)

(548,895)

First

Horizon

National

Corp.

(13,900)

(340,411)

Merchants

Bancorp

(20,000)

(829,200)

Midland

States

Bankcorp

,

Inc.

(26,841)

(613,317)

New

York

Community

Bancorp,

Inc.

(26,700)

(352,974)

Northwest

Bancshares,

Inc.

(9,142)

(117,749)

Renasant

Corp.

(17,800)

(671,238)

Stock

Yards

Bancorp,

Inc.

(6,519)

(441,271)

Texas

Capital

Bancshares,

Inc.

(a) (3,600)

(364,212)

Toronto-Dominion

Bank

(The)

(15,000)

(1,402,350)

Wells

Fargo

&

Co.

(9,000)

(814,410)

(9,544,039)

Commercial

Vehicles

—

0.00%

Nikola

Corp.

(a) (333) (2) Diversified

Banks

—

(2.36)%

Bank

of

America

Corp.

(16,000)

(851,200)

U.S.

Bancorp

(20,300)

(1,139,033)

(1,990,233)

Industrial

Wholesale

&

Rental

—

(0.60)%

SiteOne

Landscape

Supply,

Inc.

(a) (3,500)

(502,390)

Insurance

Brokers

—

(0.66)%

Arthur

J. Gallagher

&

Co.

(2,220)

(553,601)

Investment

Companies

—

(0.06)%

TriplePoint

Venture

Growth

BDC

Corp.

(8,500)

(50,660)

Investment

Management

—

(0.44)%

T. Rowe

Price

Group,

Inc.

(3,500)

(369,880)

Mass

Merchants

—

(0.43)%

Walmart,

Inc.

(3,000)

(357,420)

Mortgage

Finance

—

(1.86)%

AGNC

Investment

Corp.

(76,800)

(875,520)

Essent

Group

Ltd.

(9,000)

(566,280)

Federal

National

Mortgage

Association

(a) (15,600)

(127,748)

(1,569,548)

Non-Alcoholic

Beverages

—

(0.01)%

Oatly

Group

AB

-

ADR

(a) (782) (9,001)

P&C

Insurance

—

(2.25)%

American

International

Group,

Inc.

(12,000)

(898,560)

NMI

Holdings,

Inc.,

Class

A

(a) (19,291)

(746,948)

ProAssurance

Corp.

(10,235)

(247,892)

(1,893,400)

Gator

Capital

Long/Short

Fund

Schedule

of

Securities

Sold

Short

(continued)

January

31,

2026

(Unaudited)

COMMON

STOCKS

—

SHORT

—

(21.76)%

-

continued

Shares

Fair

Value

Packaged

Food

—

(0.00)

%

Beyond

Meat,

Inc.

(a) (1,600)

$

(1,221)

Regional

Banks

—

(1.74)%

KeyCorp

(32,000)

(688,640)

Truist

Financial

Corp.

(15,000)

(771,300)

(1,459,940)

Total

Common

Stocks

-

Short

(Proceeds

Received $16,520,363)

(18,301,335)

EXCHANGE-TRADED

FUNDS

—

SHORT

—

(8.03)%

Direxion

Daily

Financial

Bear

3X

Shares

(1,170)

(48,333)

Global

X

Nasdaq

Covered

Call

ETF

(188,900)

(3,360,531)

Global

X

S&P

500

Covered

Call

ETF

(82,000)

(3,340,680)

Total

Exchange-Traded

Funds

-

Short

(Proceeds

Received

$6,779,821)

(6,749,544)

TOTAL

SECURITIES

SOLD

SHORT

—

(29.79)%

(Proceeds

Received

$23,300,184)

(25,050,879)

(a) Non-income

producing

security.

ADR

-

American

Depositary

Receipt

ETF

-

Exchange-Traded

Fund

## 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:** 33602

  - **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:** 2026-01-31

**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:** $108500905.54

**Total Liabilities:** $25220343.32

**Net Assets:** $83280562.22

**Cash Not Reported:** $2325.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000031655 | 2.67%                | 2.34%                | 3.54%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1892369.35              | $-256493.54                                |
| Month 2  | $1019034.20              | $480993.00                                 |
| Month 3  | $53839.22                | $2413081.48                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Tpg Mortgage Investment Trust Inc.       | AG Mortgage Investment Trust, Inc. Series C, 8.00%     | CUSIP: 001228402<br>LEI: 549300SNP0PBR2XTFR48 | Long             | EP               | CORP              | US        |     33208 | NS      | $843818.60    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnc Investment Corp                     | AGNC Investment Corporation                            | CUSIP: 00123Q104<br>LEI: 5TRACI5HRMELWV32OF39 | Short            | EC               | CORP              | US        |    -76800 | NS      | $-875520.00   | -1.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Alerus Financial Corp.                   | Alerus Financial Corporation                           | CUSIP: 01446U103<br>LEI: 5493008BXLBPPELQ3G57 | Long             | EC               | CORP              | US        |     15100 | NS      | $371762.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group Inc.        | American International Group, Inc.                     | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Short            | EC               | CORP              | US        |    -12000 | NS      | $-898560.00   | -1.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial, Inc.               | Ameriprise Financial, Inc.                             | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |      5000 | NS      | $2635950.00   | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Axos Financial Inc                       | Axos Financial, Inc.                                   | CUSIP: 05465C100<br>LEI: 529900D8M56422GK9O25 | Long             | EC               | CORP              | US        |     27000 | NS      | $2672730.00   | 3.21%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                           | BNP Paribas S.A.                                       | CUSIP: 05565A202<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EC               | CORP              | FR        |     45500 | NS      | $2441985.00   | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                    | Bank of America Corp.                                  | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Short            | EC               | CORP              | US        |    -16000 | NS      | $-851200.00   | -1.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Hawaii Corp.                     | Bank of Hawaii Corporation                             | CUSIP: 062540109<br>LEI: 5493006Q8BQ8AD8M2U33 | Short            | EC               | CORP              | US        |    -10000 | NS      | $-747800.00   | -0.90%            |  |  |  | No            |                  1 | On Loan: No      |
| BankUnited Inc.                          | BankUnited, Inc.                                       | CUSIP: 06652K103<br>LEI: 96OVUWEW5D4YX6PFXD91 | Short            | EC               | CORP              | US        |     -7500 | NS      | $-356025.00   | -0.43%            |  |  |  | No            |                  1 | On Loan: No      |
| Barclays PLC                             | Barclays plc                                           | CUSIP: 06738E204<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EC               | CORP              | GB        |     63000 | NS      | $1685250.00   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Bbx Capital Inc                          | BBX Capital, Inc.                                      | CUSIP: 073319105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32321 | NS      | $113446.71    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Beyond Meat Inc                          | Beyond Meat, Inc.                                      | CUSIP: 08862E109<br>LEI: 549300XQ946NCE51DR09 | Short            | EC               | CORP              | US        |     -1600 | NS      | $-1221.12     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Bridgewater Bancshares Inc.              | Bridgewater Bancshares, Inc.                           | CUSIP: 108621103<br>LEI: 5493001FLSBTVILKXZ71 | Long             | EC               | CORP              | US        |     13107 | NS      | $251785.47    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Business First Bancshares Inc.           | Business First Bancshares, Inc.                        | CUSIP: 12326C105<br>LEI: 549300ILTC50KHDX4A08 | Long             | EC               | CORP              | US        |     10408 | NS      | $293193.36    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Bank                             | Cadence Bank                                           | CUSIP: 12740C103<br>LEI: Q7C315HKI8VX0SSKBS64 | Short            | EC               | CORP              | US        |     -7700 | NS      | $-324247.00   | -0.39%            |  |  |  | No            |                  1 | On Loan: No      |
| Capital Bancorp Inc.                     | Capital Bancorp, Inc.                                  | CUSIP: 139737100<br>LEI: 549300LQKYGWQ7VP0C75 | Long             | EC               | CORP              | US        |     19915 | NS      | $611788.80    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlyle Group Inc                        | The Carlyle Group, Inc.                                | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               | CORP              | US        |     20000 | NS      | $1175600.00   | 1.41%             |  |  |  | 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      | $877476.00    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Chimera Investment Corporation           | Chimera Investment Corporation                         | CUSIP: 16934Q406<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |     14391 | NS      | $339339.78    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Chimera Investment Corporation           | Chimera Investment Corporation                         | CUSIP: 16934Q604<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |     19717 | NS      | $458814.59    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc.                           | Citigroup, Inc.                                        | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Short            | EC               | CORP              | US        |    -14000 | NS      | $-1619940.00  | -1.95%            |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Financial Inc.                  | Columbia Financial, Inc.                               | CUSIP: 197641103<br>LEI: 254900B9UDXFOJAZKN61 | Long             | EC               | CORP              | US        |     48015 | NS      | $781204.05    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Bancgroup Inc.                | Commercial Bancgroup, Inc.                             | CUSIP: 20112C106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29200 | NS      | $769128.00    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Inc.                             | Compass, Inc.                                          | CUSIP: 20464U100<br>LEI: 254900DMGQSTC3I2IM78 | Long             | EC               | CORP              | US        |    298047 | NS      | $3731547.79   | 4.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Connectone Bancorp Inc.                  | ConnectOne Bancorp, Inc.                               | CUSIP: 20786W107<br>LEI: 549300E2M5ZYAZKUK134 | Long             | EC               | CORP              | US        |     66360 | NS      | $1766503.20   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Customers Bancorp, Inc.                  | Customers Bancorp, Inc.                                | CUSIP: 23204G100<br>LEI: 549300WLBCHYKZ53FN68 | Long             | EC               | CORP              | US        |     33000 | NS      | $2607660.00   | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Dell Technologies Inc                    | Dell Technologies, Inc.                                | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |      4000 | NS      | $457760.00    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Dime Community Bancshares Inc.           | Dime Community Bancshares, Inc.                        | CUSIP: 25432X102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22000 | NS      | $748440.00    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Direxion Shares ETF Trust                | Direxion Daily Financial Bear 3X Shares                | CUSIP: 25460E216<br>LEI: 549300M501IVJM50FG12 | Short            | EC               | RF                | US        |     -1170 | NS      | $-48332.70    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                       | Meta Platforms, Inc.                                   | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      2000 | NS      | $1433000.00   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Fairfax Financial Holdings Limited       | Fairfax Financial Holdings Ltd.                        | CUSIP: 303901102<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | EC               | CORP              | CA        |       800 | NS      | $1319440.00   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association    | Federal National Mortgage Association                  | CUSIP: 313586109<br>LEI: B1V7KEBTPIMZEU4LTD58 | Short            | EC               | USGSE             | US        |    -15600 | NS      | $-127748.40   | -0.15%            |  |  |  | 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      | $334751.65    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association    | Federal National Mortgage Association                  | CUSIP: 313586794<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | EP               | USGSE             | US        |      5243 | NS      | $114507.12    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.                | First American Government Obligations Fund             | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   4271434 | PA      | $4271434.00   | 5.13%             |  |  |  | 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      | $429900.00    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| First Citizens BancShares Inc (Delaware) | First Citizens BancShares Inc                          | CUSIP: 31946M103<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EC               | CORP              | US        |       350 | NS      | $724349.50    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bancorp.                 | First Financial Bancorp                                | CUSIP: 320209109<br>LEI: 549300D3F5B3EZMY7P77 | Long             | EC               | CORP              | US        |     53000 | NS      | $1523220.00   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bankshares Inc           | First Financial Bankshares, Inc.                       | CUSIP: 32020R109<br>LEI: 549300XN3GTGOENGNV49 | Short            | EC               | CORP              | US        |    -17250 | NS      | $-548895.00   | -0.66%            |  |  |  | No            |                  1 | On Loan: No      |
| First Horizon Corporation                | First Horizon Corporation                              | CUSIP: 320517105<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Short            | EC               | CORP              | US        |    -13900 | NS      | $-340411.00   | -0.41%            |  |  |  | No            |                  1 | On Loan: No      |
| First Internet Bancorp.                  | First Internet Bancorp                                 | CUSIP: 320557101<br>LEI: 549300T25MP2M92XU194 | Long             | EC               | CORP              | US        |     15200 | NS      | $331208.00    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc.                              | Fiserv, Inc.                                           | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |     34000 | NS      | $2166820.00   | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Gallagher Aj &Co                         | Arthur J Gallagher & Company                           | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Short            | EC               | CORP              | US        |     -2220 | NS      | $-553601.40   | -0.66%            |  |  |  | No            |                  1 | On Loan: No      |
| Genworth Financial Inc.                  | Genworth Financial, Inc.                               | CUSIP: 37247D106<br>LEI: 549300EMCG286BDNKJ33 | Long             | EC               | CORP              | US        |    160000 | NS      | $1334400.00   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Payments Inc                      | Global Payments, Inc.                                  | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |     31400 | NS      | $2252636.00   | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Global X Funds                           | Global X S&P 500 Covered Call ETF USD Class            | CUSIP: 37954Y475<br>LEI: 5493003RA4QUTSYF1N15 | Short            | EC               | RF                | US        |    -82000 | NS      | $-3340680.00  | -4.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Global X Funds                           | Global X Nasdaq 100 Covered Call ETF USD Class         | CUSIP: 37954Y483<br>LEI: 5493003RA4QUTSYF1N15 | Short            | EC               | RF                | US        |   -188900 | NS      | $-3360531.00  | -4.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Hewlett Packard Enterprise Co.           | Hewlett Packard Enterprise Company                     | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |     18000 | NS      | $387360.00    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Hippo Holdings Inc                       | Hippo Holdings, Inc.                                   | CUSIP: 433539202<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17700 | NS      | $527460.00    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Mechanics Bancorp                        | Mechanics Bancorp                                      | CUSIP: 43785V102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     59000 | NS      | $884410.00    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group Inc            | Interactive Brokers Group, Inc.                        | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |     40800 | NS      | $3055104.00   | 3.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Financial Inc                    | Jackson Financial, Inc.                                | CUSIP: 46817M107<br>LEI: 213800WXW2KG1N4CO374 | Long             | EC               | CORP              | US        |     17000 | NS      | $2021640.00   | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| KeyCorp                                  | KeyCorporation                                         | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Short            | EC               | CORP              | US        |    -32000 | NS      | $-688640.00   | -0.83%            |  |  |  | No            |                  1 | On Loan: No      |
| Kingstone Companies Inc                  | Kingstone Companies, Inc.                              | CUSIP: 496719105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47000 | NS      | $726150.00    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Merchants Bancorp. (Indiana)             | Merchants Bancorp                                      | CUSIP: 58844R108<br>LEI: 54930008Y0GPVLF81889 | Short            | EC               | CORP              | US        |    -20000 | NS      | $-829200.00   | -1.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Pathward Financial Inc                   | Pathward Financial, Inc.                               | CUSIP: 59100U108<br>LEI: 5493004X52BH1NBLW813 | Long             | EC               | CORP              | US        |      8369 | NS      | $755637.01    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Midland States Bancorp Inc.              | Midland States Bancorp, Inc.                           | CUSIP: 597742105<br>LEI: 5493006RHXW9TTBWYC94 | Short            | EC               | CORP              | US        |    -26841 | NS      | $-613316.85   | -0.74%            |  |  |  | No            |                  1 | On Loan: No      |
| NMI Holdings Inc                         | NMI Holdings, Inc.                                     | CUSIP: 629209305<br>LEI: 529900KNNGFXJX1C3Z08 | Short            | EC               | CORP              | US        |    -19291 | NS      | $-746947.52   | -0.90%            |  |  |  | No            |                  1 | On Loan: No      |
| Navient Corporation                      | Navient Corporation                                    | CUSIP: 63938C108<br>LEI: 54930067J0ZNOEBRW338 | Long             | EC               | CORP              | US        |     70000 | NS      | $686700.00    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Flagstar Bank National Association       | Flagstar Financial Inc                                 | CUSIP: 649445400<br>LEI: SS1TRMSN6BRNMOREEV51 | Short            | EC               | CORP              | US        |    -26700 | NS      | $-352974.00   | -0.42%            |  |  |  | No            |                  1 | On Loan: No      |
| Nikola Corp.                             | Nikola Corporation                                     | CUSIP: 654110303<br>LEI: 6354007SKFUCHYZAKQ61 | Short            | EC               | CORP              | US        |      -333 | NS      | $-2.33        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Northwest Bancshares Inc                 | Northwest Bancshares, Inc.                             | CUSIP: 667340103<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -9142 | NS      | $-117748.96   | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| OFG Bancorp                              | OFG Bancorp                                            | CUSIP: 67103X102<br>LEI: 549300Q4QEXJ37LEXQ06 | Long             | EC               | CORP              | PR        |     48283 | NS      | $1945804.90   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| OP Bancorp                               | OP Bancorp                                             | CUSIP: 67109R109<br>LEI: 549300LTYZMS0Q13U522 | Long             | EC               | CORP              | US        |     30958 | NS      | $432792.84    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Oatly Group AB                           | Oatly Group A.B.                                       | CUSIP: 67421J207<br>LEI: 894500CEIOQNBAH10Z10 | Short            | EC               | CORP              | SE        |      -782 | NS      | $-9000.82     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Old Second Bancorp Inc.                  | Old Second Bancorp, Inc.                               | CUSIP: 680277100<br>LEI: 549300XVJC1MPUT81C04 | Long             | EC               | CORP              | US        |     43900 | NS      | $870976.00    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Price T Rowe Group Inc.                  | T Rowe Price Group, Inc. SHORT POSITION                | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Short            | EC               | CORP              | US        |     -3500 | NS      | $-369880.00   | -0.44%            |  |  |  | No            |                  1 | On Loan: No      |
| Primerica, Inc.                          | Primerica, Inc.                                        | CUSIP: 74164M108<br>LEI: 254900621R686KJR7022 | Long             | EC               | CORP              | US        |      6300 | NS      | $1657152.00   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Proassurance Corp                        | ProAssurance Corporation                               | CUSIP: 74267C106<br>LEI: 54930015E5J57R675E89 | Short            | EC               | CORP              | US        |    -10235 | NS      | $-247891.70   | -0.30%            |  |  |  | No            |                  1 | On Loan: No      |
| PROG Holdings Inc.                       | PROG Holdings, Inc.                                    | CUSIP: 74319R101<br>LEI: 549300DHYTLBOVRXIG52 | Long             | EC               | CORP              | US        |     23800 | NS      | $772072.00    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial Inc.             | Raymond James Financial, Inc.                          | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |      8400 | NS      | $1393224.00   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Renasant Corp.                           | Renasant Corporation                                   | CUSIP: 75970E107<br>LEI: 549300OVE6OZHW2UUH81 | Short            | EC               | CORP              | US        |    -17800 | NS      | $-671238.00   | -0.81%            |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets Inc                    | Robinhood Markets, Inc.                                | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |     14700 | NS      | $1462356.00   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM Corp.                                | SLM Corporation                                        | CUSIP: 78442P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     68000 | NS      | $1846200.00   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM Corp.                                | SLM Corporation                                        | CUSIP: 78442P502<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      4834 | NS      | $358441.10    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Siteone Landscape Supply Inc             | SiteOne Landscape Supply, Inc.                         | CUSIP: 82982L103<br>LEI: 5299008LX7SBD4HIAU03 | Short            | EC               | CORP              | US        |     -3500 | NS      | $-502390.00   | -0.60%            |  |  |  | No            |                  1 | On Loan: No      |
| Societe Generale S.A.                    | Societe Generale S.A.                                  | CUSIP: 83364L109<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | EC               | CORP              | FR        |    165000 | NS      | $2892450.00   | 3.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                                | Block, Inc.                                            | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |     13200 | NS      | $797676.00    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corporation             | Stifel Financial Corporation                           | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |     12000 | NS      | $1479600.00   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Stock Yards Bancorp Inc.                 | Stock Yards Bancorp, Inc.                              | CUSIP: 861025104<br>LEI: 549300YERP9H5TDIQW16 | Short            | EC               | CORP              | US        |     -6519 | NS      | $-441271.11   | -0.53%            |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                      | Synchrony Financial                                    | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |     12600 | NS      | $915138.00    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| TFS Financial Corp                       | TFS Financial Corporation                              | CUSIP: 87240R107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    100000 | NS      | $1407500.00   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares, Inc.           | Texas Capital Bancshares, Inc.                         | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Short            | EC               | CORP              | US        |     -3600 | NS      | $-364212.00   | -0.44%            |  |  |  | No            |                  1 | On Loan: No      |
| The Toronto-Dominion Bank                | Toronto-Dominion Bank (The)                            | CUSIP: 891160509<br>LEI: PT3QB789TSUIDF371261 | Short            | EC               | CORP              | CA        |    -15000 | NS      | $-1402350.00  | -1.68%            |  |  |  | No            |                  1 | On Loan: No      |
| TriplePoint Venture Growth BDC Corp      | TriplePoint Venture Growth BDC Corporation             | CUSIP: 89677Y100<br>LEI: 549300ATPBY6JIFH9Z88 | Short            | EC               | RF                | US        |     -8500 | NS      | $-50660.00    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp.                   | Truist Financial Corporation                           | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Short            | EC               | CORP              | US        |    -15000 | NS      | $-771300.00   | -0.93%            |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corp.                      | UMB Financial Corporation                              | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |     20000 | NS      | $2542800.00   | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Bancorp.                            | US Bancorp                                             | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Short            | EC               | CORP              | US        |    -20300 | NS      | $-1139033.00  | -1.37%            |  |  |  | No            |                  1 | On Loan: No      |
| Unity Bancorp Inc                        | Unity Bancorp, Inc.                                    | CUSIP: 913290102<br>LEI: 549300Q90ZRNUR65PL93 | Long             | EC               | CORP              | US        |      5051 | NS      | $272551.96    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Viatris Inc                              | Viatris, Inc.                                          | CUSIP: 92556V106<br>LEI: 254900ZZTSW7NL773X71 | Long             | EC               | CORP              | US        |     26000 | NS      | $340340.00    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Victory Capital Holdings, Inc.           | Victory Capital Holdings, Inc.                         | CUSIP: 92645B103<br>LEI: 549300BN5LH2CIPPHS71 | Long             | EC               | CORP              | US        |     16000 | NS      | $1128480.00   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                 | Visa, Inc.                                             | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      1900 | NS      | $611477.00    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtus Investment Partners Inc.          | Virtus Investment Partners, Inc.                       | CUSIP: 92828Q109<br>LEI: 549300HWF93HB8BDM648 | Long             | EC               | CORP              | US        |      8200 | NS      | $1338650.00   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Financial Inc                       | Voya Financial, Inc.                                   | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |     21000 | NS      | $1609860.00   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                              | Walmart, Inc.                                          | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Short            | EC               | CORP              | US        |     -3000 | NS      | $-357420.00   | -0.43%            |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co.                        | Wells Fargo & Company                                  | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Short            | EC               | CORP              | US        |     -9000 | NS      | $-814410.00   | -0.98%            |  |  |  | No            |                  1 | On Loan: No      |
| Wesbanco Inc                             | WesBanco, Inc.                                         | CUSIP: 950810101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23000 | NS      | $811670.00    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Alliance Bancorp                 | Western Alliance Bancorp                               | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |     24400 | NS      | $2175260.00   | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| WEX Inc                                  | WEX, Inc.                                              | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | EC               | CORP              | US        |     10000 | NS      | $1539000.00   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| WisdomTree, Inc.                         | WisdomTree, Inc.                                       | CUSIP: 97717P104<br>LEI: 549300WIU8IS7UFO7871 | Long             | EC               | CORP              | US        |      4816 | NS      | $78019.20     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Essent Group Ltd.                        | Essent Group Ltd.                                      | CUSIP: G3198U102<br>LEI: 254900QUO860OUT6ZF83 | Short            | EC               | CORP              | US        |     -9000 | NS      | $-566280.00   | -0.68%            |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                             | UBS Group A.G.                                         | CUSIP: H42097107<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |     46000 | NS      | $2168900.00   | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-31

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

**Signature:** Zachary Richmond

**Name of Signer:** Zachary Richmond

**Title:** Treasurer