Q2 2025 · 13F-HR
Orchard Capital Management, LLCholdings as filed
Filed 2025-08-13 · accession 0001104659-25-077272
$90.4M
Reported value
39
Positions
2025-06-30
Period end
The Brief · Orchard Capital Management, LLC · Q2 2025
AI · grounded in 13F
Orchard Capital Management, LLC established a new position in SPY valued at $24.7M. The fund also initiated new stakes in TBBK for $6.9M and FIP for $4.7M. Additional new positions include HBM, GLRE, and GTX.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $24.7M | 27.3% | 40,000 | Common | SOLE |
| 05969A105 | TBBK | BANCORP INC DEL | $6.9M | 7.67% | 121,736 | Common | SOLE |
| 35953C106 | FIP | FTAI INFRASTRUCTURE INC | $4.7M | 5.23% | 766,784 | Common | SOLE |
| 443628102 | HBM | HUDBAY MINERALS INC | $4.4M | 4.82% | 410,823 | Common | SOLE |
| G4095J109 | GLRE | GREENLIGHT CAPITAL RE LTD | $3.4M | 3.79% | 238,771 | Common | SOLE |
| 366505105 | GTX | GARRETT MOTION INC | $3.1M | 3.47% | 298,732 | Common | SOLE |
| 05465C100 | AX | AXOS FINANCIAL INC | $2.9M | 3.19% | 37,886 | Common | SOLE |
| 039653100 | ACA | ARCOSA INC | $2.8M | 3.13% | 32,611 | Common | SOLE |
| 05990K106 | BANC | BANC OF CALIFORNIA INC | $2.4M | 2.67% | 171,717 | Common | SOLE |
| 656811106 | NOA | NORTH AMERN CONSTR GROUP LTD | $2.4M | 2.61% | 147,627 | Common | SOLE |
| 29357K103 | ENVA | ENOVA INTL INC | $2.3M | 2.55% | 20,663 | Common | SOLE |
| 264147109 | DCO | DUCOMMUN INC DEL | $2.3M | 2.50% | 27,378 | Common | SOLE |
| 88642R109 | TDW | TIDEWATER INC NEW | $2.1M | 2.34% | 45,880 | Common | SOLE |
| 03937C105 | ARCB | ARCBEST CORP | $2.0M | 2.23% | 26,178 | Common | SOLE |
| 282559103 | ETNBGBP | 89BIO INC | $1.9M | 2.15% | 198,119 | Common | SOLE |
| 89679E300 | TFIN | TRIUMPH FINANCIAL INC | $1.8M | 2.01% | 33,042 | Common | SOLE |
| 76156B107 | RVLV | REVOLVE GROUP INC | $1.8M | 1.98% | 89,271 | Common | SOLE |
| 825698103 | SPARUSD | SHYFT GROUP INC | $1.8M | 1.96% | 140,989 | Common | SOLE |
| G33856108 | GSM | FERROGLOBE PLC | $1.7M | 1.90% | 469,150 | Common | SOLE |
| 35243J101 | FBRT | FRANKLIN BSP RLTY TR INC | $1.6M | 1.82% | 153,828 | Common | SOLE |
| 59100U108 | CASH | PATHWARD FINANCIAL INC | $1.6M | 1.73% | 19,766 | Common | SOLE |
| 153527106 | CENT | CENTRAL GARDEN & PET CO | $1.5M | 1.66% | 42,720 | Common | SOLE |
| 65342T106 | NODK | NI HLDGS INC | $1.5M | 1.62% | 114,732 | Common | SOLE |
| 427746102 | HRTX | HERON THERAPEUTICS INC | $1.4M | 1.51% | 659,933 | Common | SOLE |
| 896522109 | TRN | TRINITY INDS INC | $1.3M | 1.46% | 48,858 | Common | SOLE |
| 226718104 | CRTO | CRITEO S A | $1.3M | 1.45% | 54,827 | Common | SOLE |
| 642045108 | AESI | ATLAS ENERGY SOLUTIONS INC | $937,210 | 1.04% | 70,098 | Common | SOLE |
| 87422Q109 | TLN | TALEN ENERGY CORP | $831,311 | 0.92% | 2,859 | Common | SOLE |
| 45826J105 | NTLA | INTELLIA THERAPEUTICS INC | $742,971 | 0.82% | 79,208 | Common | SOLE |
| 002474104 | AZZ | AZZ INC | $368,661 | 0.41% | 3,902 | Common | SOLE |
| 153527205 | CENTA | CENTRAL GARDEN & PET CO | $334,146 | 0.37% | 10,679 | Common | SOLE |
| 353514102 | FELE | FRANKLIN ELEC INC | $307,539 | 0.34% | 3,427 | Common | SOLE |
| 04247X102 | AWI | ARMSTRONG WORLD INDS INC NEW | $294,991 | 0.33% | 1,816 | Common | SOLE |
| 73754Y100 | PTB | POTBELLY CORP | $255,878 | 0.28% | 20,888 | Common | SOLE |
| 147528103 | CASY | CASEYS GEN STORES INC | $204,108 | 0.23% | 400 | Common | SOLE |
| 00972D105 | AKBA | AKEBIA THERAPEUTICS INC | $194,776 | 0.22% | 53,510 | Common | SOLE |
| 25401T603 | DBRG | DIGITALBRIDGE GROUP INC | $143,472 | 0.16% | 13,862 | Common | SOLE |
| 71377E105 | PFMTUSD | PERFORMANT HEALTHCARE INC | $80,000 | 0.09% | 20,000 | Common | SOLE |
| H8817H100 | RIG | TRANSOCEAN LTD | $26,379 | 0.03% | 10,185 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.