Filed: 11/12/2025ACC: 0001104659-25-110378
📋 What this filing means
ORCHARD CAPITAL MANAGEMENT, LLC filed this quarterly 13F‑HR report disclosing 44 equity positions with a total reported market value of $115.73M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
44
Positions
$115.73M
Total AUM (reported)
4.93M
Total Shares
Allocation by class
COM$60.07M51.9%
TR UNIT$39.97M34.5%
COMMON STOCK$5.23M4.5%
CLASS A$3.11M2.7%
SHS$2.20M1.9%
CL A$1.96M1.7%
SPONS ADS$1.28M1.1%
Portfolio Concentration
Top 3$55.72M48.1%
4–10$21.70M18.7%
11–25$28.77M24.9%
Rest$9.54M8.2%
Top 3 weight
48.1%
Top 10 weight
66.9%
Voting Authority Distribution
Total shares with voting rights: 4.93M
Sole
Full voting authority
4.93M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole44
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings44
Rows:
SPDR S&P 500 ETF TR
SOLEShares60K
TypeSH
Market value$39.97M
34.54%
Sole
60K
Shared
0.00
None
0.00
BANCORP INC DEL
SOLEShares121.74K
TypeSH
Market value$9.12M
7.88%
Sole
121.74K
Shared
0.00
None
0.00
HUDBAY MINERALS INC
SOLEShares437.53K
TypeSH
Market value$6.63M
5.73%
Sole
437.53K
Shared
0.00
None
0.00
FTAI INFRASTRUCTURE INC
SOLEShares803.77K
TypeSH
Market value$3.50M
3.03%
Sole
803.77K
Shared
0.00
None
0.00
AXOS FINANCIAL INC
SOLEShares39.04K
TypeSH
Market value$3.30M
2.86%
Sole
39.04K
Shared
0.00
None
0.00
ARCOSA INC
SOLEShares33.54K
TypeSH
Market value$3.14M
2.72%
Sole
33.54K
Shared
0.00
None
0.00
GREENLIGHT CAPITAL RE LTD
SOLEShares244.87K
TypeSH
Market value$3.11M
2.69%
Sole
244.87K
Shared
0.00
None
0.00
89BIO INC
SOLEShares204.11K
TypeSH
Market value$3.00M
2.59%
Sole
204.11K
Shared
0.00
None
0.00
BANC OF CALIFORNIA INC
SOLEShares176.03K
TypeSH
Market value$2.91M
2.52%
Sole
176.03K
Shared
0.00
None
0.00
DUCOMMUN INC DEL
SOLEShares28.30K
TypeSH
Market value$2.72M
2.35%
Sole
28.30K
Shared
0.00
None
0.00
TIDEWATER INC NEW
SOLEShares47.26K
TypeSH
Market value$2.52M
2.18%
Sole
47.26K
Shared
0.00
None
0.00
ENOVA INTL INC
SOLEShares21.30K
TypeSH
Market value$2.45M
2.12%
Sole
21.30K
Shared
0.00
None
0.00
FERROGLOBE PLC
SOLEShares484.34K
TypeSH
Market value$2.20M
1.90%
Sole
484.34K
Shared
0.00
None
0.00
NORTH AMERN CONSTR GROUP LTD
SOLEShares152.14K
TypeSH
Market value$2.16M
1.87%
Sole
152.14K
Shared
0.00
None
0.00
TRINITY INDS INC
SOLEShares75.84K
TypeSH
Market value$2.13M
1.84%
Sole
75.84K
Shared
0.00
None
0.00
GARRETT MOTION INC
SOLEShares153.70K
TypeSH
Market value$2.09M
1.81%
Sole
153.70K
Shared
0.00
None
0.00
REVOLVE GROUP INC
SOLEShares91.95K
TypeSH
Market value$1.96M
1.69%
Sole
91.95K
Shared
0.00
None
0.00
ARCBEST CORP
SOLEShares27.01K
TypeSH
Market value$1.89M
1.63%
Sole
27.01K
Shared
0.00
None
0.00
AEBI SCHMIDT HLDG AG
SOLEShares151.34K
TypeSH
Market value$1.89M
1.63%
Sole
151.34K
Shared
0.00
None
0.00
FRANKLIN BSP RLTY TR INC
SOLEShares158.59K
TypeSH
Market value$1.72M
1.49%
Sole
158.59K
Shared
0.00
None
0.00
TRIUMPH FINANCIAL INC
SOLEShares34.16K
TypeSH
Market value$1.71M
1.48%
Sole
34.16K
Shared
0.00
None
0.00
NI HLDGS INC
SOLEShares118.82K
TypeSH
Market value$1.61M
1.39%
Sole
118.82K
Shared
0.00
None
0.00
PATHWARD FINANCIAL INC
SOLEShares20.33K
TypeSH
Market value$1.50M
1.30%
Sole
20.33K
Shared
0.00
None
0.00
METALLUS INC
SOLEShares90.62K
TypeSH
Market value$1.50M
1.29%
Sole
90.62K
Shared
0.00
None
0.00
CENTRAL GARDEN & PET CO
SOLEShares44.12K
TypeSH
Market value$1.44M
1.24%
Sole
44.12K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
SPDR S&P 500 ETF TRSOLE | TR UNIT | 60K | SH | $39.97M 34.54% | 60K | 0.00 | 0.00 |
BANCORP INC DELSOLE | COM | 121.74K | SH | $9.12M 7.88% | 121.74K | 0.00 | 0.00 |
HUDBAY MINERALS INCSOLE | COM | 437.53K | SH | $6.63M 5.73% | 437.53K | 0.00 | 0.00 |
FTAI INFRASTRUCTURE INCSOLE | COMMON STOCK | 803.77K | SH | $3.50M 3.03% | 803.77K | 0.00 | 0.00 |
AXOS FINANCIAL INCSOLE | COM | 39.04K | SH | $3.30M 2.86% | 39.04K | 0.00 | 0.00 |
ARCOSA INCSOLE | COM | 33.54K | SH | $3.14M 2.72% | 33.54K | 0.00 | 0.00 |
GREENLIGHT CAPITAL RE LTDSOLE | CLASS A | 244.87K | SH | $3.11M 2.69% | 244.87K | 0.00 | 0.00 |
89BIO INCSOLE | COM | 204.11K | SH | $3.00M 2.59% | 204.11K | 0.00 | 0.00 |
BANC OF CALIFORNIA INCSOLE | COM | 176.03K | SH | $2.91M 2.52% | 176.03K | 0.00 | 0.00 |
DUCOMMUN INC DELSOLE | COM | 28.30K | SH | $2.72M 2.35% | 28.30K | 0.00 | 0.00 |
TIDEWATER INC NEWSOLE | COM | 47.26K | SH | $2.52M 2.18% | 47.26K | 0.00 | 0.00 |
ENOVA INTL INCSOLE | COM | 21.30K | SH | $2.45M 2.12% | 21.30K | 0.00 | 0.00 |
FERROGLOBE PLCSOLE | SHS | 484.34K | SH | $2.20M 1.90% | 484.34K | 0.00 | 0.00 |
NORTH AMERN CONSTR GROUP LTDSOLE | COM | 152.14K | SH | $2.16M 1.87% | 152.14K | 0.00 | 0.00 |
TRINITY INDS INCSOLE | COM | 75.84K | SH | $2.13M 1.84% | 75.84K | 0.00 | 0.00 |
GARRETT MOTION INCSOLE | COM | 153.70K | SH | $2.09M 1.81% | 153.70K | 0.00 | 0.00 |
REVOLVE GROUP INCSOLE | CL A | 91.95K | SH | $1.96M 1.69% | 91.95K | 0.00 | 0.00 |
ARCBEST CORPSOLE | COM | 27.01K | SH | $1.89M 1.63% | 27.01K | 0.00 | 0.00 |
AEBI SCHMIDT HLDG AGSOLE | COM | 151.34K | SH | $1.89M 1.63% | 151.34K | 0.00 | 0.00 |
FRANKLIN BSP RLTY TR INCSOLE | COMMON STOCK | 158.59K | SH | $1.72M 1.49% | 158.59K | 0.00 | 0.00 |
TRIUMPH FINANCIAL INCSOLE | COM | 34.16K | SH | $1.71M 1.48% | 34.16K | 0.00 | 0.00 |
NI HLDGS INCSOLE | COM | 118.82K | SH | $1.61M 1.39% | 118.82K | 0.00 | 0.00 |
PATHWARD FINANCIAL INCSOLE | COM | 20.33K | SH | $1.50M 1.30% | 20.33K | 0.00 | 0.00 |
METALLUS INCSOLE | COM | 90.62K | SH | $1.50M 1.29% | 90.62K | 0.00 | 0.00 |
CENTRAL GARDEN & PET COSOLE | COM | 44.12K | SH | $1.44M 1.24% | 44.12K | 0.00 | 0.00 |
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