ismagilov/iStock via Getty Images Dear Gator Partners: We are pleased to provide you with Gator Financial Partners, LLC's, Gator Offshore Partners, Ltd.'s, and Gator Qualified Partners, LLC's (the (("Funds"))) 2026 1 st quarter investor letter. This letter reviews the Fund's 2026 Q1 and shares our investment thesis on Ameriprise Financial ( AMP ). Review of Q1 2026 During the 1 st quarter of 2026, the Funds had weak absolute and mixed relative performance. We underperformed the broader market, but we outperformed the Financials sector benchmark. The Fund's holdings in small and mid-cap Financials slightly outperformed the largest bank and insurance companies again this quarter. Our long positions in First Financial Bancorp ( FFBC ), Webster Financial ( WBS ), Northeast Bank ( NBN ), Esquire Financial ( ESQ ), and WEX ( WEX ) were the top contributors to the Fund's performance.…