Orchard Capital Management, LLC Long-Term Concentrated

Location: Chicago, IL

CIK: 0001858319 · Show all filings

Period: Q1 2025 (← Previous) (Next →)

Filing Date: May 15, 2025

Total Value: $146M (100.0% shares, 0.0% debt)

Holdings (40)

TBBK BANCORP INC DEL 7.6%

Value $11.18M Shares 211,646 Est. Cost $13.06 Unrealized +325.0%

ENVA ENOVA INTL INC 5.9%

Value $8.658M Shares 89,662 Est. Cost $27.52 Unrealized +274.0%

CASH PATHWARD FINANCIAL INC 5.8%

Value $8.476M Shares 116,195 Est. Cost $34.50 Unrealized +120.5%

CRTO CRITEO S A 5.2%

Value $7.61M Shares 214,897 Est. Cost $24.44 Unrealized —

FIP FTAI INFRASTRUCTURE INC 5.0%

Value $7.319M Shares 1,615,755 Est. Cost $5.75 Unrealized +6.2%

GLRE GREENLIGHT CAPITAL RE LTD 4.7%

Value $6.91M Shares 509,940 Est. Cost $9.42 Unrealized +44.6%

AX AXOS FINANCIAL INC 4.4%

Value $6.381M Shares 98,899 Est. Cost $35.44 Unrealized +91.4%

GTX GARRETT MOTION INC 4.1%

Value $5.977M Shares 714,089 Est. Cost $8.63 Unrealized +7.4%

BANC BANC OF CALIFORNIA INC 3.9%

Value $5.722M Shares 403,252 Est. Cost $14.00 Unrealized +5.5%

ACA ARCOSA INC 3.9%

Value $5.694M Shares 73,835 Est. Cost $53.12 Unrealized +72.3%

NOA NORTH AMERN CONSTR GROUP LTD 3.8%

Value $5.494M Shares 347,957 Est. Cost $18.56 Unrealized -0.3%

HBM HUDBAY MINERALS INC 3.7%

Value $5.472M Shares 720,927 Est. Cost $7.93 Unrealized +2.7%

FBRT FRANKLIN BSP RLTY TR INC 3.2%

Value $4.654M Shares 365,322 Est. Cost $12.84 Unrealized —

RVLV REVOLVE GROUP INC 3.1%

Value $4.474M Shares 208,209 Est. Cost $27.71 Unrealized +0.2%

ARCB ARCBEST CORP 3.1%

Value $4.468M Shares 63,300 Est. Cost $74.77 Unrealized +15.0%

TDW TIDEWATER INC NEW 3.0%

Value $4.329M Shares 102,414 Est. Cost $49.74 Unrealized -0.0%

GSM FERROGLOBE PLC 2.9%

Value $4.246M Shares 1,144,520 Est. Cost $5.11 Unrealized -25.4%

IDT IDT CORP 2.8%

Value $4.051M Shares 78,945 Est. Cost $43.61 Unrealized +11.1%

DCO DUCOMMUN INC DEL 2.7%

Value $3.968M Shares 68,377 Est. Cost $64.22 Unrealized -1.7%

CENT CENTRAL GARDEN & PET CO 2.6%

Value $3.846M Shares 104,902 Est. Cost $33.83 Unrealized +8.2%

— 89BIO INC 2.3%

Value $3.376M Shares 464,358 Est. Cost $7.50 Unrealized —

NODK NI HLDGS INC 2.2%

Value $3.289M Shares 230,626 Est. Cost $17.53 Unrealized -17.0%

HRTX HERON THERAPEUTICS INC 2.2%

Value $3.15M Shares 1,431,758 Est. Cost $5.77 Unrealized -66.3%

— TRIUMPH FINANCIAL INC 2.2%

Value $3.147M Shares 54,450 Est. Cost $78.42 Unrealized —

TRN TRINITY INDS INC 2.1%

Value $3.14M Shares 111,886 Est. Cost $20.06 Unrealized +59.7%

AESI ATLAS ENERGY SOLUTIONS INC 2.0%

Value $2.894M Shares 162,222 Est. Cost $19.87 Unrealized -0.2%

— SHYFT GROUP INC 1.9%

Value $2.762M Shares 341,391 Est. Cost $8.97 Unrealized —

NTLA INTELLIA THERAPEUTICS INC 0.9%

Value $1.319M Shares 185,496 Est. Cost $12.01 Unrealized -15.9%

CENTA CENTRAL GARDEN & PET CO 0.6%

Value $858K Shares 26,222 Est. Cost $31.77 Unrealized 0.0%

MWA MUELLER WTR PRODS INC 0.5%

Value $767K Shares 30,154 Est. Cost $11.00 Unrealized +125.3%

CNTY CENTURY CASINOS INC 0.4%

Value $625K Shares 369,900 Est. Cost $6.92 Unrealized -60.8%

TLN TALEN ENERGY CORP 0.4%

Value $571K Shares 2,859 Est. Cost $138.87 Unrealized +56.2%

AZZ AZZ INC 0.2%

Value $326K Shares 3,902 Est. Cost $37.35 Unrealized +137.0%

FELE FRANKLIN ELEC INC 0.2%

Value $322K Shares 3,427 Est. Cost $62.59 Unrealized +57.0%

AWI ARMSTRONG WORLD INDS INC NEW 0.2%

Value $256K Shares 1,816 Est. Cost $108.64 Unrealized +34.6%

— POTBELLY CORP 0.1%

Value $199K Shares 20,888 Est. Cost $4.40 Unrealized —

DBRG DIGITALBRIDGE GROUP INC 0.1%

Value $122K Shares 13,862 Est. Cost $16.78 Unrealized -37.6%

AKBA AKEBIA THERAPEUTICS INC 0.1%

Value $103K Shares 53,510 Est. Cost $2.43 Unrealized -16.0%

— PERFORMANT HEALTHCARE INC 0.0%

Value $59,200 Shares 20,000 Est. Cost $3.95 Unrealized —

RIG TRANSOCEAN LTD 0.0%

Value $32,286 Shares 10,185 Est. Cost $6.69 Unrealized -47.6%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TBBK	BANCORP INC DEL	211,646	$11.18M	7.6%	$13.06	+325.0%	COM	05969A105
ENVA	ENOVA INTL INC	89,662	$8.658M	5.9%	$27.52	+274.0%	COM	29357K103
CASH	PATHWARD FINANCIAL INC	116,195	$8.476M	5.8%	$34.50	+120.5%	COM	59100U108
CRTO	CRITEO S A	214,897	$7.61M	5.2%	$24.44	—	SPONS ADS	226718104
FIP	FTAI INFRASTRUCTURE INC	1,615,755	$7.319M	5.0%	$5.75	+6.2%	COMMON STOCK	35953C106
GLRE	GREENLIGHT CAPITAL RE LTD	509,940	$6.91M	4.7%	$9.42	+44.6%	CLASS A	G4095J109
AX	AXOS FINANCIAL INC	98,899	$6.381M	4.4%	$35.44	+91.4%	COM	05465C100
GTX	GARRETT MOTION INC	714,089	$5.977M	4.1%	$8.63	+7.4%	COM	366505105
BANC	BANC OF CALIFORNIA INC	403,252	$5.722M	3.9%	$14.00	+5.5%	COM	05990K106
ACA	ARCOSA INC	73,835	$5.694M	3.9%	$53.12	+72.3%	COM	039653100
NOA	NORTH AMERN CONSTR GROUP LTD	347,957	$5.494M	3.8%	$18.56	-0.3%	COM	656811106
HBM	HUDBAY MINERALS INC	720,927	$5.472M	3.7%	$7.93	+2.7%	COM	443628102
FBRT	FRANKLIN BSP RLTY TR INC	365,322	$4.654M	3.2%	$12.84	—	COMMON STOCK	35243J101
RVLV	REVOLVE GROUP INC	208,209	$4.474M	3.1%	$27.71	+0.2%	CL A	76156B107
ARCB	ARCBEST CORP	63,300	$4.468M	3.1%	$74.77	+15.0%	COM	03937C105
TDW	TIDEWATER INC NEW	102,414	$4.329M	3.0%	$49.74	-0.0%	COM	88642R109
GSM	FERROGLOBE PLC	1,144,520	$4.246M	2.9%	$5.11	-25.4%	SHS	G33856108
IDT	IDT CORP	78,945	$4.051M	2.8%	$43.61	+11.1%	CL B NEW	448947507
DCO	DUCOMMUN INC DEL	68,377	$3.968M	2.7%	$64.22	-1.7%	COM	264147109
CENT	CENTRAL GARDEN & PET CO	104,902	$3.846M	2.6%	$33.83	+8.2%	COM	153527106
—	89BIO INC	464,358	$3.376M	2.3%	$7.50	—	COM	282559103
NODK	NI HLDGS INC	230,626	$3.289M	2.2%	$17.53	-17.0%	COM	65342T106
HRTX	HERON THERAPEUTICS INC	1,431,758	$3.15M	2.2%	$5.77	-66.3%	COM	427746102
—	TRIUMPH FINANCIAL INC	54,450	$3.147M	2.2%	$78.42	—	COM	US89679E3
TRN	TRINITY INDS INC	111,886	$3.14M	2.1%	$20.06	+59.7%	COM	896522109
AESI	ATLAS ENERGY SOLUTIONS INC	162,222	$2.894M	2.0%	$19.87	-0.2%	COM NEW	642045108
—	SHYFT GROUP INC	341,391	$2.762M	1.9%	$8.97	—	COM	825698103
NTLA	INTELLIA THERAPEUTICS INC	185,496	$1.319M	0.9%	$12.01	-15.9%	COM	45826J105
CENTA	CENTRAL GARDEN & PET CO	26,222	$858K	0.6%	$31.77	0.0%	CL A NON-VTG	153527205
MWA	MUELLER WTR PRODS INC	30,154	$767K	0.5%	$11.00	+125.3%	COM SER A	624758108
CNTY	CENTURY CASINOS INC	369,900	$625K	0.4%	$6.92	-60.8%	COM	156492100
TLN	TALEN ENERGY CORP	2,859	$571K	0.4%	$138.87	+56.2%	COM	87422Q109
AZZ	AZZ INC	3,902	$326K	0.2%	$37.35	+137.0%	COM	002474104
FELE	FRANKLIN ELEC INC	3,427	$322K	0.2%	$62.59	+57.0%	COM	353514102
AWI	ARMSTRONG WORLD INDS INC NEW	1,816	$256K	0.2%	$108.64	+34.6%	COM	04247X102
—	POTBELLY CORP	20,888	$199K	0.1%	$4.40	—	COM	73754Y100
DBRG	DIGITALBRIDGE GROUP INC	13,862	$122K	0.1%	$16.78	-37.6%	CL A NEW	25401T603
AKBA	AKEBIA THERAPEUTICS INC	53,510	$103K	0.1%	$2.43	-16.0%	COM	00972D105
—	PERFORMANT HEALTHCARE INC	20,000	$59,200	0.0%	$3.95	—	COM	71377E105
RIG	TRANSOCEAN LTD	10,185	$32,286	0.0%	$6.69	-47.6%	REGISTERED SHS	H8817H100