Gator Capital Management
Gator Capital Management, led by Derek Pilecki, manages approximately $0.49 billion in assets. Pilecki, who has a strong background in financial analysis and portfolio management, previously worked at Goldman Sachs and founded Gator Capital in 2008. The firm is known for its detailed research-driven approach, focusing on deep value and special situations in the financial sector.
AUM figures shown are calculated by summing the reported market value of all positions in SEC 13F-HR filings — not the fund's actual assets under management.
- Excludes cash, bonds, private equity, short positions, and foreign-listed stocks not required to be reported.
- For PUT and CALL options, the reported Value is the notional value of the underlying shares — not the option premium paid. This significantly overstates the actual capital at risk.
- Actual fund AUM is typically higher and includes strategies, instruments, and positions that never appear in a 13F.
- 13F filings cover institutional managers with ≥$100M in 13F securities. Positions reflect end-of-quarter holdings, disclosed up to 45 days after the period ends.
Data sourced from SEC EDGAR. This tracker is for informational purposes only and does not constitute investment advice.
Portfolio Holdings
Top 30 positions
| Ticker | Issuer | Notional | Port % | @ Filing | Now (EOD) | Since Filing | Allocation |
|---|---|---|---|---|---|---|---|
| HOOD | $29.1M | 5.96% | $69.30 | $113.26 | +63.4% | 6.0% | |
| HOODPUT | $20.2M | 4.14% | $69.30 | $113.26 | +63.4% | 4.1% | |
| COMP | $19.8M | 4.04% | $7.31 | $12.01 | +64.3% | 4.0% | |
| FCNCA | $19.2M | 3.92% | $1882.69 | $2098.00 | +11.4% | 3.9% | |
| AMP | $16.9M | 3.46% | $442.78 | $510.40 | +15.3% | 3.5% | |
| UMBF | $16.4M | 3.35% | $112.42 | $146.24 | +30.1% | 3.4% | |
| AX | $15.9M | 3.25% | $85.09 | $99.10 | +16.5% | 3.3% | |
| GPN | $15.1M | 3.08% | $67.04 | $77.69 | +15.9% | 3.1% | |
| UBS | $14.9M | 3.04% | $38.09 | $51.53 | +35.3% | 3.0% | |
| PRI | $14.2M | 2.90% | $249.41 | $303.94 | +21.9% | 2.9% | |
| CUBI | $13.3M | 2.72% | $69.41 | $77.16 | +11.2% | 2.7% | |
| FISV | $12.7M | 2.59% | $55.80 | $52.65 | -5.7% | 2.6% | |
| OFG | $12.4M | 2.54% | $40.17 | $49.81 | +24.0% | 2.5% | |
| JXN | $11.2M | 2.29% | $104.83 | $109.29 | +4.3% | 2.3% | |
| SLM | $11.1M | 2.27% | $21.41 | $25.13 | +17.4% | 2.3% | |
| WAL | $10.8M | 2.21% | $70.45 | $82.13 | +16.6% | 2.2% | |
| CNOB | $10.6M | 2.17% | $26.59 | $32.34 | +21.6% | 2.2% | |
| BCS | $10.6M | 2.16% | $21.16 | $27.47 | +29.8% | 2.2% | |
| ESQ | $10.6M | 2.16% | $107.30 | $120.65 | +12.4% | 2.2% | |
| VOYA | $10.5M | 2.14% | $67.93 | $96.88 | +42.6% | 2.1% | |
| FFBC | $9.8M | 2.01% | $27.88 | $34.42 | +23.5% | 2.0% | |
| TFSL | $9.7M | 1.98% | $13.81 | $17.91 | +29.7% | 2.0% | |
| CG | $9.3M | 1.89% | $48.04 | $43.97 | -8.5% | 1.9% | |
| NBN | $8.8M | 1.80% | $112.36 | $133.80 | +19.1% | 1.8% | |
| VCTR | $8.5M | 1.74% | $65.11 | $90.09 | +38.4% | 1.7% | |
| VRTS | $8.0M | 1.63% | $132.11 | $156.35 | +18.4% | 1.6% | |
| WEX | $7.5M | 1.54% | $153.04 | $153.32 | +0.2% | 1.5% | |
| CBNA | $7.3M | 1.49% | $34.90 | $43.24 | +23.9% | 1.5% | |
| OSBC | $7.1M | 1.45% | $20.09 | $23.13 | +15.1% | 1.4% | |
| BANC | $6.2M | 1.26% | $17.48 | $20.65 | +18.1% | 1.3% |
Quarter-on-Quarter Activity
Q1 2026 vs. Q4 2025
New Positions (8)
| Ticker | Issuer | Notional | Since Filing |
|---|---|---|---|
| COMP | $19.8M | +64.3% | |
| PRG | $3.6M | ||
| CBK | $3.3M | ||
| RJF | $1.3M | ||
| CLBK | $0.8M | ||
| UPST | $0.5M | ||
| HIPO | $0.5M | ||
| OSG | $0.1M |
Exited Positions (8)
| Ticker | Issuer | Notional |
|---|---|---|
| HOUS | $32.7M | |
| $5.0M | ||
| $4.5M | ||
| PGR | $4.4M | |
| WBS | $3.8M | |
| HD | $3.7M | |
| ABT | $3.6M | |
| EG | $3.3M |
Increased (8)
| Ticker | Issuer | Notional | Shares Δ | Since Filing |
|---|---|---|---|---|
| FISV | $12.3M | +4299.2% | -5.7% | |
| AMP | $15.7M | +1365.7% | +15.3% | |
| UBS | $12.4M | +625.2% | +35.3% | |
| PRI | $11.3M | +407.4% | +21.9% | |
| SF | $1.5M | +237.5% | ||
| V | $0.9M | +146.4% | ||
| HPE | $0.3M | +133.3% | ||
| NAVI | $0.5M | +125.0% |
Trimmed (8)
| Ticker | Issuer | Notional | Shares Δ | Since Filing |
|---|---|---|---|---|
| BFST | $-0.8M | -49.7% | ||
| ETN | $-2.1M | -48.3% | ||
| PNR | $-2.0M | -43.9% | ||
| XOM | $-0.4M | -40.0% | ||
| GL | $-1.9M | -38.9% | ||
| GOOGL | $-1.8M | -34.7% | ||
| MRK | $-0.7M | -30.5% | ||
| WEX | $-2.4M | -25.9% | +0.2% |
Quarter Activity
During the quarter, Gator Capital Management initiated several new positions, notably in COMP with a $20 million investment, and smaller stakes in PRG and CBK. The fund also exited significant positions, including a $33 million stake in HOUS. Additionally, there were substantial increases in holdings of FISV and AMP, while the fund reduced its investments in BFST and ETN.
AI Commentary
<p>Gator Capital Management's portfolio shows a strong focus on the financial sector, with significant investments in companies like ROBINHOOD MKTS INC (HOOD) at $29M and $20M in puts, COMPASS INC (COMP) at $20M, and FIRST CTZNS BANCSHARES INC D (FCNCA) at $19M. Other notable holdings include AMERIPRISE FINL INC (AMP) at $17M and UMB FINL CORP (UMBF) at $16M. The top ten holdings, which also include AXOS FINANCIAL INC (AX), GLOBAL PMTS INC (GPN), UBS GROUP AG (UBS), and PRIMERICA INC (PRI), collectively reflect a strong inclination towards financial services, accounting for a significant portion of the fund's assets under management.</p> <p>The recent quarter's activity indicates a strategic shift in Gator Capital Management's investment approach. The initiation of new positions in COMPASS INC (COMP) at $20M and other financial entities like PRG, CBK, RJF, and CLBK suggests a bullish outlook on the financial sector. Conversely, the closure of positions in HOUS and others, alongside significant reductions in companies like BFST and ETN, signals a reallocation of capital towards more promising opportunities or a response to changing market conditions. The substantial increases in holdings of FISV, AMP, UBS, and PRI further underscore a deepening commitment to the financial services sector, possibly anticipating sector growth or resilience.</p>