Gator Capital Management released its quarterly update for the first three months of 2026, outlining mixed results and a new stake in Ameriprise Financial.
The fund reported weak absolute performance during the quarter but outperformed its financials sector benchmark. Holdings in small and mid-cap financial companies contributed to relative gains, while positions in Compass and First Citizens weighed on results. Managers trimmed the Compass stake by 25 percent after a January rally and sold Webster Financial following its announced acquisition by Santander.