13F HOLDINGS REPORT
Orchard Capital Management, LLC
Quarter ended Q3 2025 · Filed November 12, 2025 · Accession 0001104659-25-110378
Total Value
$115.7M
Positions
44
Other Managers
0
Confidential Omitted
No
Holdings (44)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | SPDR S&P 500 ETF TR | SPY | 60,000 | $40.0M | 34.54% |
| 2 | BANCORP INC DEL | TBBK | 121,736 | $9.1M | 7.88% |
| 3 | HUDBAY MINERALS INC | HBM | 437,527 | $6.6M | 5.73% |
| 4 | FTAI INFRASTRUCTURE INC | FIP | 803,768 | $3.5M | 3.03% |
| 5 | AXOS FINANCIAL INC | AX | 39,039 | $3.3M | 2.86% |
| 6 | ARCOSA INC | ACA | 33,539 | $3.1M | 2.72% |
| 7 | GREENLIGHT CAPITAL RE LTD | GLRE | 244,869 | $3.1M | 2.69% |
| 8 | 89BIO INC | 282559103 | 204,114 | $3.0M | 2.59% |
| 9 | BANC OF CALIFORNIA INC | BANC-PF | 176,030 | $2.9M | 2.52% |
| 10 | DUCOMMUN INC DEL | DCO | 28,301 | $2.7M | 2.35% |
| 11 | TIDEWATER INC NEW | TDGMW | 47,260 | $2.5M | 2.18% |
| 12 | ENOVA INTL INC | 29357K103 | 21,295 | $2.5M | 2.12% |
| 13 | FERROGLOBE PLC | GSM | 484,338 | $2.2M | 1.90% |
| 14 | NORTH AMERN CONSTR GROUP LTD | 656811106 | 152,138 | $2.2M | 1.87% |
| 15 | TRINITY INDS INC | 896522109 | 75,836 | $2.1M | 1.84% |
| 16 | GARRETT MOTION INC | GTX | 153,699 | $2.1M | 1.81% |
| 17 | REVOLVE GROUP INC | RVLV | 91,949 | $2.0M | 1.69% |
| 18 | ARCBEST CORP | ARCB | 27,014 | $1.9M | 1.63% |
| 19 | AEBI SCHMIDT HLDG AG | H00501108 | 151,338 | $1.9M | 1.63% |
| 20 | FRANKLIN BSP RLTY TR INC | 35243J101 | 158,590 | $1.7M | 1.49% |
| 21 | TRIUMPH FINANCIAL INC | TFIN-P | 34,161 | $1.7M | 1.48% |
| 22 | NI HLDGS INC | NODK | 118,817 | $1.6M | 1.39% |
| 23 | PATHWARD FINANCIAL INC | CASH | 20,331 | $1.5M | 1.30% |
| 24 | METALLUS INC | MTUS | 90,618 | $1.5M | 1.29% |
| 25 | CENTRAL GARDEN & PET CO | CENTA | 44,120 | $1.4M | 1.24% |
| 26 | INTELLIA THERAPEUTICS INC | NTLA | 81,598 | $1.4M | 1.22% |
| 27 | CRITEO S A | CRTO | 56,551 | $1.3M | 1.10% |
| 28 | RIOT PLATFORMS INC | RIOT | 62,533 | $1.2M | 1.03% |
| 29 | HERON THERAPEUTICS INC | HRTX | 677,290 | $853,385 | 0.74% |
| 30 | ATLAS ENERGY SOLUTIONS INC | AESI | 72,392 | $823,097 | 0.71% |
| 31 | TALEN ENERGY CORP | TLN | 1,606 | $683,160 | 0.59% |
| 32 | AZZ INC | AZZ | 3,902 | $425,825 | 0.37% |
| 33 | ARMSTRONG WORLD INDS INC NEW | 04247X102 | 1,816 | $355,954 | 0.31% |
| 34 | POTBELLY CORP | 73754Y100 | 20,888 | $355,932 | 0.31% |
| 35 | IDAHO STRATEGIC RESOURCES | IDR | 9,956 | $336,413 | 0.29% |
| 36 | FRANKLIN ELEC INC | FELE | 3,427 | $326,250 | 0.28% |
| 37 | CENTRAL GARDEN & PET CO | CENTA | 11,029 | $325,686 | 0.28% |
| 38 | SOLARIS ENERGY INFRAS INC | SEI | 5,750 | $229,828 | 0.20% |
| 39 | CASEYS GEN STORES INC | 147528103 | 400 | $226,128 | 0.20% |
| 40 | GREEN BRICK PARTNERS INC | GRBK-PA | 3,000 | $221,580 | 0.19% |
| 41 | DIGITALBRIDGE GROUP INC | DBRG-PJ | 13,862 | $162,185 | 0.14% |
| 42 | PERFORMANT HEALTHCARE INC | 71377E105 | 20,000 | $154,600 | 0.13% |
| 43 | AKEBIA THERAPEUTICS INC | AKBA | 53,510 | $146,082 | 0.13% |
| 44 | TRANSOCEAN LTD | RIG | 10,185 | $31,777 | 0.03% |