13F HOLDINGS REPORT
Orchard Capital Management, LLC
Quarter ended Q4 2025 · Filed February 12, 2026 · Accession 0001104659-26-014079
Total Value
$115.2M
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 | $40.9M | 35.51% |
| 2 | BANCORP INC DEL | TBBK | 106,079 | $7.2M | 6.22% |
| 3 | HUDBAY MINERALS INC | HBM | 285,674 | $5.7M | 4.92% |
| 4 | FTAI INFRASTRUCTURE INC | FIP | 815,038 | $3.8M | 3.26% |
| 5 | ARCOSA INC | ACA | 34,150 | $3.6M | 3.15% |
| 6 | BANC OF CALIFORNIA INC | BANC-PF | 177,885 | $3.4M | 2.98% |
| 7 | AXOS FINANCIAL INC | AX | 39,674 | $3.4M | 2.97% |
| 8 | ENOVA INTL INC | 29357K103 | 21,552 | $3.4M | 2.94% |
| 9 | FERROGLOBE PLC | GSM | 681,745 | $3.2M | 2.75% |
| 10 | REVOLVE GROUP INC | RVLV | 93,707 | $2.8M | 2.46% |
| 11 | DUCOMMUN INC DEL | DCO | 28,907 | $2.7M | 2.39% |
| 12 | GARRETT MOTION INC | GTX | 152,943 | $2.7M | 2.31% |
| 13 | TIDEWATER INC NEW | TDGMW | 48,166 | $2.4M | 2.11% |
| 14 | NORTH AMERN CONSTR GROUP LTD | 656811106 | 155,101 | $2.2M | 1.93% |
| 15 | TRIUMPH FINANCIAL INC | TFIN-P | 34,821 | $2.2M | 1.89% |
| 16 | ARCBEST CORP | ARCB | 27,564 | $2.0M | 1.77% |
| 17 | TRINITY INDS INC | 896522109 | 77,244 | $2.0M | 1.77% |
| 18 | GREENLIGHT CAPITAL RE LTD | GLRE | 138,927 | $2.0M | 1.76% |
| 19 | AEBI SCHMIDT HLDG AG | H00501108 | 154,431 | $2.0M | 1.70% |
| 20 | FRANKLIN BSP RLTY TR INC | 35243J101 | 161,719 | $1.6M | 1.41% |
| 21 | NI HLDGS INC | NODK | 119,629 | $1.6M | 1.38% |
| 22 | METALLUS INC | MTUS | 92,092 | $1.6M | 1.37% |
| 23 | UNITED STATES ANTIMONY CORP | UAMY | 304,623 | $1.5M | 1.33% |
| 24 | PATHWARD FINANCIAL INC | CASH | 20,901 | $1.5M | 1.29% |
| 25 | CENTRAL GARDEN & PET CO | CENTA | 44,381 | $1.4M | 1.24% |
| 26 | RIOT PLATFORMS INC | RIOT | 99,701 | $1.3M | 1.10% |
| 27 | CRITEO S A | CRTO | 57,293 | $1.2M | 1.02% |
| 28 | HERON THERAPEUTICS INC | HRTX | 680,432 | $884,562 | 0.77% |
| 29 | INTELLIA THERAPEUTICS INC | NTLA | 82,030 | $737,450 | 0.64% |
| 30 | ATLAS ENERGY SOLUTIONS INC | AESI | 74,249 | $699,426 | 0.61% |
| 31 | TALEN ENERGY CORP | TLN | 1,606 | $601,993 | 0.52% |
| 32 | AZZ INC | AZZ | 3,902 | $418,216 | 0.36% |
| 33 | IDAHO STRATEGIC RESOURCES | IDR | 9,956 | $401,227 | 0.35% |
| 34 | FRANKLIN ELEC INC | FELE | 3,427 | $327,381 | 0.28% |
| 35 | CENTRAL GARDEN & PET CO | CENTA | 11,092 | $323,775 | 0.28% |
| 36 | SOLARIS ENERGY INFRAS INC | SEI | 5,750 | $264,328 | 0.23% |
| 37 | CASEYS GEN STORES INC | 147528103 | 400 | $221,084 | 0.19% |
| 38 | DIGITALBRIDGE GROUP INC | DBRG-PJ | 13,862 | $212,643 | 0.18% |
| 39 | ARMSTRONG WORLD INDS INC NEW | 04247X102 | 1,079 | $206,197 | 0.18% |
| 40 | GLADSTONE LD CORP | 376549101 | 19,695 | $180,209 | 0.16% |
| 41 | DMC GLOBAL INC | BOOM | 21,152 | $141,507 | 0.12% |
| 42 | TASEKO MINES LTD | TGB | 18,059 | $102,214 | 0.09% |
| 43 | AKEBIA THERAPEUTICS INC | AKBA | 53,510 | $86,151 | 0.07% |
| 44 | TRANSOCEAN LTD | RIG | 10,185 | $42,064 | 0.04% |