# EDGAR Filing Document

**Accession Number:** 0000864230
**File Stem:** 0000910472-25-006328
**Filing Date:** 2025-12
**Character Count:** 37766
**Document Hash:** a8adfa91d538d097a1e123fba5704791
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-006328.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0000910472-25-006328

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**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:** 251607734

**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           |

## 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:** 2025-10-31

**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:** $89475064.07

**Total Liabilities:** $20887049.76

**Net Assets:** $68588014.31

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000031655 | 3.58%                | 0.99%                | -3.73%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $467639.45               | $1819317.67                                |
| Month 2  | $143728.62               | $498406.21                                 |
| Month 3  | $19238.65                | $-2613175.68                               |

**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      | $1825664.00   | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                      | Synchrony Financial                                     | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |     12600 | NS      | $937188.00    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwest Bancshares Inc                 | Northwest Bancshares, Inc.                              | CUSIP: 667340103<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -9142 | NS      | $-107052.82   | -0.16%            |  |  |  | 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      | $474982.53    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corporation             | Stifel Financial Corp.                                  | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |     12000 | NS      | $1421160.00   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Merchants Bancorp. (Indiana)             | Merchants Bancorp/IN                                    | CUSIP: 58844R108<br>LEI: 54930008Y0GPVLF81889 | Short            | EC               | CORP              | US        |    -20000 | NS      | $-623800.00   | -0.91%            |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial, Inc.               | Ameriprise Financial, Inc.                              | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |      2500 | NS      | $1131925.00   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                       | Meta Platforms, Inc.                                    | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      2000 | NS      | $1296700.00   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group Inc            | Interactive Brokers Group, Inc.                         | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |     40800 | NS      | $2870688.00   | 4.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Hippo Holdings Inc                       | Hippo Holdings Inc                                      | CUSIP: 433539202<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6606 | NS      | $242968.68    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtus Investment Partners Inc.          | Virtus Investment Partners, Inc.                        | CUSIP: 92828Q109<br>LEI: 549300HWF93HB8BDM648 | Long             | EC               | CORP              | US        |      8200 | NS      | $1335124.00   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| WisdomTree, Inc.                         | WisdomTree, Inc.                                        | CUSIP: 97717P104<br>LEI: 549300WIU8IS7UFO7871 | Long             | EC               | CORP              | US        |     24074 | NS      | $287925.04    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Societe Generale S.A.                    | Societe Generale SA                                     | CUSIP: 83364L109<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | EC               | CORP              | FR        |    165000 | NS      | $2095500.00   | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Anywhere Real Estate Inc.                | Anywhere Real Estate, Inc.                              | CUSIP: 75605Y106<br>LEI: 5493004HBTOTE9DI9P12 | Long             | EC               | CORP              | US        |    294000 | NS      | $2954700.00   | 4.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co.                        | Wells Fargo & Co.                                       | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Short            | EC               | CORP              | US        |     -9000 | NS      | $-782730.00   | -1.14%            |  |  |  | No            |                  1 | On Loan: No      |
| Old Second Bancorp Inc.                  | Old Second Bancorp, Inc.                                | CUSIP: 680277100<br>LEI: 549300XVJC1MPUT81C04 | Long             | EC               | CORP              | US        |     43900 | NS      | $788005.00    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Axos Financial Inc                       | Axos Financial, Inc.                                    | CUSIP: 05465C100<br>LEI: 529900D8M56422GK9O25 | Long             | EC               | CORP              | US        |     25000 | NS      | $1949500.00   | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bancorp.                 | First Financial Bancorp                                 | CUSIP: 320209109<br>LEI: 549300D3F5B3EZMY7P77 | Long             | EC               | CORP              | US        |     53000 | NS      | $1240730.00   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Essent Group Ltd.                        | Essent Group Ltd.                                       | CUSIP: G3198U102<br>LEI: 254900QUO860OUT6ZF83 | Short            | EC               | CORP              | BM        |     -9000 | NS      | $-545130.00   | -0.79%            |  |  |  | No            |                  1 | On Loan: No      |
| COPT Defense Properties                  | Corporate Office Properties Trust                       | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Short            | EC               | CORP              | US        |    -15000 | NS      | $-422550.00   | -0.62%            |  |  |  | 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      | $437682.50    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Ltd                              | Invesco Ltd.                                            | CUSIP: G491BT108<br>LEI: ECPGFXU8A2SHKVVGJI15 | Long             | EC               | CORP              | BM        |     75000 | NS      | $1777500.00   | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Navient Corporation                      | Navient Corp.                                           | CUSIP: 63938C108<br>LEI: 54930067J0ZNOEBRW338 | Long             | EC               | CORP              | US        |     55000 | NS      | $672650.00    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| First Internet Bancorp.                  | First Internet Bancorp                                  | CUSIP: 320557101<br>LEI: 549300T25MP2M92XU194 | Long             | EC               | CORP              | US        |     10000 | NS      | $177400.00    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Alliance Bancorp                 | Western Alliance Bancorp                                | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |     26400 | NS      | $2042040.00   | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Banc Of California Inc.                  | Banc of California, Inc.                                | CUSIP: 05990K106<br>LEI: 549300ZKWUJDP6LJ1X87 | Long             | EC               | CORP              | US        |     56600 | NS      | $960502.00    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| The Toronto-Dominion Bank                | Toronto-Dominion Bank/The                               | CUSIP: 891160509<br>LEI: PT3QB789TSUIDF371261 | Short            | EC               | CORP              | CA        |    -15000 | NS      | $-1231950.00  | -1.80%            |  |  |  | No            |                  1 | On Loan: No      |
| Bbx Capital Inc                          | BBX Capital, Inc.                                       | CUSIP: 073319105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32801 | NS      | $129071.94    | 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      | $-454195.00   | -0.66%            |  |  |  | No            |                  1 | On Loan: No      |
| Proassurance Corp                        | ProAssurance Corporation                                | CUSIP: 74267C106<br>LEI: 54930015E5J57R675E89 | Short            | EC               | CORP              | US        |    -10235 | NS      | $-245128.25   | -0.36%            |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                 | Visa, Inc.                                              | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      1900 | NS      | $647406.00    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Radian Group Inc.                        | Radian Group, Inc.                                      | CUSIP: 750236101<br>LEI: 54930005OUP720S5U385 | Short            | EC               | CORP              | US        |    -23000 | NS      | $-780620.00   | -1.14%            |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Bancgroup Inc.                | Commercial Bancgroup, Inc.                              | CUSIP: 20112C106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29200 | NS      | $713940.00    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                                | Block, Inc.                                             | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |      4800 | NS      | $364512.00    | 0.53%             |  |  |  | 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      | $-3266060.00  | -4.76%            |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bankshares Inc           | First Financial Bankshares, Inc.                        | CUSIP: 32020R109<br>LEI: 549300XN3GTGOENGNV49 | Short            | EC               | CORP              | US        |     -6250 | NS      | $-193062.50   | -0.28%            |  |  |  | No            |                  1 | On Loan: No      |
| Hingham Institution for Savings          | Hingham Institution for Savings                         | CUSIP: 433323102<br>LEI: 2549009GDCGUR2T6KU55 | Short            | EC               | CORP              | US        |     -1712 | NS      | $-503773.12   | -0.73%            |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc.                           | Citigroup, Inc.                                         | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Short            | EC               | CORP              | US        |    -14000 | NS      | $-1417220.00  | -2.07%            |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                           | BNP Paribas SA                                          | CUSIP: 05565A202<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EC               | CORP              | FR        |     45500 | NS      | $1752205.00   | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association    | Federal National Mortgage Association                   | CUSIP: 313586794<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | EP               | USGSE             | US        |      5243 | NS      | $151784.85    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Genworth Financial Inc.                  | Genworth Financial, Inc.                                | CUSIP: 37247D106<br>LEI: 549300EMCG286BDNKJ33 | Long             | EC               | CORP              | US        |    160000 | NS      | $1350400.00   | 1.97%             |  |  |  | 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      | $-3292527.00  | -4.80%            |  |  |  | No            |                  1 | On Loan: No      |
| Gallagher Aj &Co                         | Arthur J Gallagher & Co.                                | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Short            | EC               | CORP              | US        |      -960 | NS      | $-239510.40   | -0.35%            |  |  |  | No            |                  1 | On Loan: No      |
| Midland States Bancorp Inc.              | Midland States Bankcorp, Inc.                           | CUSIP: 597742105<br>LEI: 5493006RHXW9TTBWYC94 | Short            | EC               | CORP              | US        |    -26841 | NS      | $-392952.24   | -0.57%            |  |  |  | No            |                  1 | On Loan: No      |
| Stock Yards Bancorp Inc.                 | Stock Yards Bancorp, Inc.                               | CUSIP: 861025104<br>LEI: 549300YERP9H5TDIQW16 | Short            | EC               | CORP              | US        |     -6519 | NS      | $-423865.38   | -0.62%            |  |  |  | No            |                  1 | On Loan: No      |
| SLM Corp.                                | SLM Corp.                                               | CUSIP: 78442P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     68000 | NS      | $1825800.00   | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| KeyCorp                                  | KeyCorp                                                 | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Short            | EC               | CORP              | US        |    -32000 | NS      | $-562880.00   | -0.82%            |  |  |  | No            |                  1 | On Loan: No      |
| Dell Technologies Inc                    | Dell Technolodies, Inc.                                 | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |      4000 | NS      | $648040.00    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                              | Wal-Mart Stores, Inc.                                   | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Short            | EC               | CORP              | US        |     -3000 | NS      | $-303540.00   | -0.44%            |  |  |  | No            |                  1 | On Loan: No      |
| Agnc Investment Corp                     | AGNC Investment Corp.                                   | CUSIP: 00123Q104<br>LEI: 5TRACI5HRMELWV32OF39 | Short            | EC               | CORP              | US        |    -14600 | NS      | $-146000.00   | -0.21%            |  |  |  | No            |                  1 | On Loan: No      |
| OP Bancorp                               | OP Bancorp                                              | CUSIP: 67109R109<br>LEI: 549300LTYZMS0Q13U522 | Long             | EC               | CORP              | US        |     38573 | NS      | $514949.55    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Mechanics Bancorp                        | Mechanics Bancorp                                       | CUSIP: 43785V102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     59000 | NS      | $790010.00    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corp.                      | UMB Financial Corp.                                     | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |     16000 | NS      | $1710080.00   | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Victory Capital Holdings, Inc.           | Victory Capital Holdings, Inc.                          | CUSIP: 92645B103<br>LEI: 549300BN5LH2CIPPHS71 | Long             | EC               | CORP              | US        |     23590 | NS      | $1468949.30   | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Beyond Meat Inc                          | Beyond Meat, Inc.                                       | CUSIP: 08862E109<br>LEI: 549300XQ946NCE51DR09 | Short            | EC               | CORP              | US        |     -1600 | NS      | $-2648.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Nikola Corp.                             | Nikola Corp.                                            | CUSIP: 654110303<br>LEI: 6354007SKFUCHYZAKQ61 | Short            | EC               | CORP              | US        |      -333 | NS      | $-3.73        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Caesars Entertainment Inc.               | Caesars Entertainment, Inc.                             | CUSIP: 12769G100<br>LEI: 549300FA4CTCW903Y781 | Long             | EC               | CORP              | US        |      9000 | NS      | $180900.00    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Hawaii Corp.                     | Bank of Hawaii Corp.                                    | CUSIP: 062540109<br>LEI: 5493006Q8BQ8AD8M2U33 | Short            | EC               | CORP              | US        |    -10000 | NS      | $-649300.00   | -0.95%            |  |  |  | No            |                  1 | On Loan: No      |
| Bridgewater Bancshares Inc.              | Bridgewater Bancshares, Inc.                            | CUSIP: 108621103<br>LEI: 5493001FLSBTVILKXZ71 | Long             | EC               | CORP              | US        |     24000 | NS      | $395040.00    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Oatly Group AB                           | Oatly Group AB                                          | CUSIP: 67421J207<br>LEI: 894500CEIOQNBAH10Z10 | Short            | EC               | CORP              | SE        |      -782 | NS      | $-12347.78    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Renasant Corp.                           | Renasant Corp.                                          | CUSIP: 75970E107<br>LEI: 549300OVE6OZHW2UUH81 | Short            | EC               | CORP              | US        |    -17800 | NS      | $-598614.00   | -0.87%            |  |  |  | No            |                  1 | On Loan: No      |
| Capital Bancorp Inc.                     | Capital Bancorp Inc                                     | CUSIP: 139737100<br>LEI: 549300LQKYGWQ7VP0C75 | Long             | EC               | CORP              | US        |     19915 | NS      | $553537.43    | 0.81%             |  |  |  | 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      | $738036.00    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Payments Inc                      | Global Payments, Inc.                                   | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |     21000 | NS      | $1632960.00   | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets Inc                    | Robinhood Markets, Inc.                                 | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |     14700 | NS      | $2157666.00   | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Financial Inc                    | Jackson Financial Corp.                                 | CUSIP: 46817M107<br>LEI: 213800WXW2KG1N4CO374 | Long             | EC               | CORP              | US        |     17000 | NS      | $1713770.00   | 2.50%             |  |  |  | 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      | $577500.00    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Webster Financial Corp.                  | Webster Financial Corp.                                 | CUSIP: 947890109<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EC               | CORP              | US        |     15000 | NS      | $855600.00    | 1.25%             |  |  |  | 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      | $-51714.00    | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Hewlett Packard Enterprise Co.           | Hewlett Packard Enterprise Co.                          | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |      7500 | NS      | $183150.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.                | First American Government Obligations Fund              | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   1181752 | PA      | $1181751.62   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Unity Bancorp Inc                        | UNITY BANCORP INC.                                      | CUSIP: 913290102<br>LEI: 549300Q90ZRNUR65PL93 | Long             | EC               | CORP              | US        |      5051 | NS      | $229365.91    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                             | UBS Group AG                                            | CUSIP: H42097107<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |     46000 | NS      | $1764560.00   | 2.57%             |  |  |  | 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      | $379575.00    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association    | Federal National Mortgage Association                   | CUSIP: 313586109<br>LEI: B1V7KEBTPIMZEU4LTD58 | Short            | EC               | USGA              | US        |    -15600 | NS      | $-159276.00   | -0.23%            |  |  |  | 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      | $-358855.00   | -0.52%            |  |  |  | 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      | $-46495.00    | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Business First Bancshares Inc.           | Business First Bancshares, Inc.                         | CUSIP: 12326C105<br>LEI: 549300ILTC50KHDX4A08 | Long             | EC               | CORP              | US        |     10408 | NS      | $255204.16    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Connectone Bancorp Inc.                  | ConnectOne Bancorp, Inc.                                | CUSIP: 20786W107<br>LEI: 549300E2M5ZYAZKUK134 | Long             | EC               | CORP              | US        |     66360 | NS      | $1596621.60   | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Bancorp.                            | U.S. Bancorp                                            | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Short            | EC               | CORP              | US        |    -14100 | NS      | $-658188.00   | -0.96%            |  |  |  | No            |                  1 | On Loan: No      |
| Alerus Financial Corp.                   | Alerus Financial Corp.                                  | CUSIP: 01446U103<br>LEI: 5493008BXLBPPELQ3G57 | Long             | EC               | CORP              | US        |     15100 | NS      | $318912.00    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Park National Corp                       | Park National Corp.                                     | CUSIP: 700658107<br>LEI: 5493001T01TDELV5OO63 | Short            | EC               | CORP              | US        |     -1700 | NS      | $-258723.00   | -0.38%            |  |  |  | No            |                  1 | On Loan: No      |
| Barclays PLC                             | Barclays PLC                                            | CUSIP: 06738E204<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EC               | CORP              | GB        |    108000 | NS      | $2320920.00   | 3.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Cousins Properties Inc.                  | Cousins Properties, Inc.                                | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Short            | EC               | CORP              | US        |    -16000 | NS      | $-414880.00   | -0.60%            |  |  |  | No            |                  1 | On Loan: No      |
| Carlyle Group Inc                        | The Carlyle Group, Inc.                                 | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               | CORP              | US        |     20000 | NS      | $1066400.00   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Viatris Inc                              | Viatris, Inc.                                           | CUSIP: 92556V106<br>LEI: 254900ZZTSW7NL773X71 | Long             | EC               | CORP              | US        |     46000 | NS      | $476560.00    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Kingstone Companies Inc                  | Kingstone Companies, Inc.                               | CUSIP: 496719105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47000 | NS      | $685260.00    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| OFG Bancorp                              | OFG Bancorp                                             | CUSIP: 67103X102<br>LEI: 549300Q4QEXJ37LEXQ06 | Long             | EC               | CORP              | PR        |     34800 | NS      | $1345368.00   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Paypal Holdings Inc.                     | PayPal Holdings, Inc.                                   | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |     28600 | NS      | $1981122.00   | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Chimera Investment Corporation           | Chimera Investment Corp., Series B                      | CUSIP: 16934Q406<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |     14391 | NS      | $345527.91    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM Corp.                                | SLM Corp.                                               | CUSIP: 78442P502<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      8276 | NS      | $624755.24    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| WEX Inc                                  | WEX, Inc.                                               | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | EC               | CORP              | US        |     10000 | NS      | $1458800.00   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group Inc.        | American International Group, Inc.                      | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Short            | EC               | CORP              | US        |    -12000 | NS      | $-947520.00   | -1.38%            |  |  |  | No            |                  1 | On Loan: No      |
| Pathward Financial Inc                   | Meta Financial Group, Inc.                              | CUSIP: 59100U108<br>LEI: 5493004X52BH1NBLW813 | Long             | EC               | CORP              | US        |      8369 | NS      | $569594.14    | 0.83%             |  |  |  | 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      | $908265.60    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| NMI Holdings Inc                         | NMI Holdings, Inc.                                      | CUSIP: 629209305<br>LEI: 529900KNNGFXJX1C3Z08 | Short            | EC               | CORP              | US        |    -19291 | NS      | $-702771.13   | -1.02%            |  |  |  | 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      | $1642338.00   | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc.                              | Fiserv, Inc.                                            | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |      5000 | NS      | $333450.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-31

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

**Signature:** Zachary Richmond

**Name of Signer:** Zachary Richmond

**Title:** Treasurer