Orchard Capital Management, LLC Long-Term Concentrated

CIK: 0001858319 · Show all filings

Period: Q2 2025 (← Previous) (Next →)

Filing Date: Aug 13, 2025

Total Value ($000): $90,429 (100.0% shares, 0.0% debt)

Holdings (39)

SPY SPDR S&P 500 ETF TR 27.3%

Value ($000) $24,714 Shares 40,000 Est. Cost $617.85 Unrealized —

TBBK BANCORP INC DEL 7.7%

Value ($000) $6,935 Shares 121,736 Est. Cost $13.06 Unrealized +287.0%

FIP FTAI INFRASTRUCTURE INC 5.2%

Value ($000) $4,731 Shares 766,784 Est. Cost $5.75 Unrealized -13.2%

HBM HUDBAY MINERALS INC 4.8%

Value ($000) $4,359 Shares 410,823 Est. Cost $7.93 Unrealized +5.1%

GLRE GREENLIGHT CAPITAL RE LTD 3.8%

Value ($000) $3,431 Shares 238,771 Est. Cost $9.42 Unrealized +46.1%

GTX GARRETT MOTION INC 3.5%

Value ($000) $3,140 Shares 298,732 Est. Cost $8.63 Unrealized +16.6%

AX AXOS FINANCIAL INC 3.2%

Value ($000) $2,881 Shares 37,886 Est. Cost $35.44 Unrealized +90.7%

ACA ARCOSA INC 3.1%

Value ($000) $2,828 Shares 32,611 Est. Cost $53.12 Unrealized +57.2%

BANC BANC OF CALIFORNIA INC 2.7%

Value ($000) $2,413 Shares 171,717 Est. Cost $14.00 Unrealized -4.3%

NOA NORTH AMERN CONSTR GROUP LTD 2.6%

Value ($000) $2,359 Shares 147,627 Est. Cost $18.56 Unrealized -12.3%

ENVA ENOVA INTL INC 2.5%

Value ($000) $2,304 Shares 20,663 Est. Cost $27.52 Unrealized +246.9%

DCO DUCOMMUN INC DEL 2.5%

Value ($000) $2,262 Shares 27,378 Est. Cost $64.22 Unrealized +3.5%

TDW TIDEWATER INC NEW 2.3%

Value ($000) $2,116 Shares 45,880 Est. Cost $49.74 Unrealized -18.6%

ARCB ARCBEST CORP 2.2%

Value ($000) $2,016 Shares 26,178 Est. Cost $74.77 Unrealized -13.4%

— 89BIO INC 2.2%

Value ($000) $1,946 Shares 198,119 Est. Cost $7.50 Unrealized —

TFIN TRIUMPH FINANCIAL INC 2.0%

Value ($000) $1,821 Shares 33,042 Est. Cost $55.67 Unrealized 0.0%

RVLV REVOLVE GROUP INC 2.0%

Value ($000) $1,790 Shares 89,271 Est. Cost $27.71 Unrealized -26.9%

— SHYFT GROUP INC 2.0%

Value ($000) $1,768 Shares 140,989 Est. Cost $8.97 Unrealized —

GSM FERROGLOBE PLC 1.9%

Value ($000) $1,722 Shares 469,150 Est. Cost $5.11 Unrealized -28.8%

FBRT FRANKLIN BSP RLTY TR INC 1.8%

Value ($000) $1,644 Shares 153,828 Est. Cost $12.84 Unrealized —

CASH PATHWARD FINANCIAL INC 1.7%

Value ($000) $1,564 Shares 19,766 Est. Cost $34.50 Unrealized +121.4%

CENT CENTRAL GARDEN & PET CO 1.7%

Value ($000) $1,503 Shares 42,720 Est. Cost $33.83 Unrealized +4.5%

NODK NI HLDGS INC 1.6%

Value ($000) $1,462 Shares 114,732 Est. Cost $17.53 Unrealized -26.3%

HRTX HERON THERAPEUTICS INC 1.5%

Value ($000) $1,366 Shares 659,933 Est. Cost $5.77 Unrealized -64.6%

TRN TRINITY INDS INC 1.5%

Value ($000) $1,320 Shares 48,858 Est. Cost $20.06 Unrealized +24.3%

CRTO CRITEO S A 1.5%

Value ($000) $1,314 Shares 54,827 Est. Cost $24.44 Unrealized —

AESI ATLAS ENERGY SOLUTIONS INC 1.0%

Value ($000) $937 Shares 70,098 Est. Cost $19.87 Unrealized -33.3%

TLN TALEN ENERGY CORP 0.9%

Value ($000) $831 Shares 2,859 Est. Cost $138.87 Unrealized +70.9%

NTLA INTELLIA THERAPEUTICS INC 0.8%

Value ($000) $743 Shares 79,208 Est. Cost $12.01 Unrealized -31.6%

AZZ AZZ INC 0.4%

Value ($000) $369 Shares 3,902 Est. Cost $37.35 Unrealized +134.8%

CENTA CENTRAL GARDEN & PET CO 0.4%

Value ($000) $334 Shares 10,679 Est. Cost $31.77 Unrealized -1.7%

FELE FRANKLIN ELEC INC 0.3%

Value ($000) $308 Shares 3,427 Est. Cost $62.59 Unrealized +38.8%

AWI ARMSTRONG WORLD INDS INC NEW 0.3%

Value ($000) $295 Shares 1,816 Est. Cost $108.64 Unrealized +36.1%

— POTBELLY CORP 0.3%

Value ($000) $256 Shares 20,888 Est. Cost $4.40 Unrealized —

CASY CASEYS GEN STORES INC 0.2%

Value ($000) $204 Shares 400 Est. Cost $459.22 Unrealized 0.0%

AKBA AKEBIA THERAPEUTICS INC 0.2%

Value ($000) $195 Shares 53,510 Est. Cost $2.43 Unrealized +13.0%

DBRG DIGITALBRIDGE GROUP INC 0.2%

Value ($000) $143 Shares 13,862 Est. Cost $16.78 Unrealized -43.3%

— PERFORMANT HEALTHCARE INC 0.1%

Value ($000) $80 Shares 20,000 Est. Cost $3.95 Unrealized —

RIG TRANSOCEAN LTD 0.0%

Value ($000) $26 Shares 10,185 Est. Cost $6.69 Unrealized -61.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	40,000	$24,714	27.3%	$617.85	—	TR UNIT	78462F103
TBBK	BANCORP INC DEL	121,736	$6,935	7.7%	$13.06	+287.0%	COM	05969A105
FIP	FTAI INFRASTRUCTURE INC	766,784	$4,731	5.2%	$5.75	-13.2%	COMMON STOCK	35953C106
HBM	HUDBAY MINERALS INC	410,823	$4,359	4.8%	$7.93	+5.1%	COM	443628102
GLRE	GREENLIGHT CAPITAL RE LTD	238,771	$3,431	3.8%	$9.42	+46.1%	CLASS A	G4095J109
GTX	GARRETT MOTION INC	298,732	$3,140	3.5%	$8.63	+16.6%	COM	366505105
AX	AXOS FINANCIAL INC	37,886	$2,881	3.2%	$35.44	+90.7%	COM	05465C100
ACA	ARCOSA INC	32,611	$2,828	3.1%	$53.12	+57.2%	COM	039653100
BANC	BANC OF CALIFORNIA INC	171,717	$2,413	2.7%	$14.00	-4.3%	COM	05990K106
NOA	NORTH AMERN CONSTR GROUP LTD	147,627	$2,359	2.6%	$18.56	-12.3%	COM	656811106
ENVA	ENOVA INTL INC	20,663	$2,304	2.5%	$27.52	+246.9%	COM	29357K103
DCO	DUCOMMUN INC DEL	27,378	$2,262	2.5%	$64.22	+3.5%	COM	264147109
TDW	TIDEWATER INC NEW	45,880	$2,116	2.3%	$49.74	-18.6%	COM	88642R109
ARCB	ARCBEST CORP	26,178	$2,016	2.2%	$74.77	-13.4%	COM	03937C105
—	89BIO INC	198,119	$1,946	2.2%	$7.50	—	COM	282559103
TFIN	TRIUMPH FINANCIAL INC	33,042	$1,821	2.0%	$55.67	0.0%	COM	89679E300
RVLV	REVOLVE GROUP INC	89,271	$1,790	2.0%	$27.71	-26.9%	CL A	76156B107
—	SHYFT GROUP INC	140,989	$1,768	2.0%	$8.97	—	COM	825698103
GSM	FERROGLOBE PLC	469,150	$1,722	1.9%	$5.11	-28.8%	SHS	G33856108
FBRT	FRANKLIN BSP RLTY TR INC	153,828	$1,644	1.8%	$12.84	—	COMMON STOCK	35243J101
CASH	PATHWARD FINANCIAL INC	19,766	$1,564	1.7%	$34.50	+121.4%	COM	59100U108
CENT	CENTRAL GARDEN & PET CO	42,720	$1,503	1.7%	$33.83	+4.5%	COM	153527106
NODK	NI HLDGS INC	114,732	$1,462	1.6%	$17.53	-26.3%	COM	65342T106
HRTX	HERON THERAPEUTICS INC	659,933	$1,366	1.5%	$5.77	-64.6%	COM	427746102
TRN	TRINITY INDS INC	48,858	$1,320	1.5%	$20.06	+24.3%	COM	896522109
CRTO	CRITEO S A	54,827	$1,314	1.5%	$24.44	—	SPONS ADS	226718104
AESI	ATLAS ENERGY SOLUTIONS INC	70,098	$937	1.0%	$19.87	-33.3%	COM NEW	642045108
TLN	TALEN ENERGY CORP	2,859	$831	0.9%	$138.87	+70.9%	COM	87422Q109
NTLA	INTELLIA THERAPEUTICS INC	79,208	$743	0.8%	$12.01	-31.6%	COM	45826J105
AZZ	AZZ INC	3,902	$369	0.4%	$37.35	+134.8%	COM	002474104
CENTA	CENTRAL GARDEN & PET CO	10,679	$334	0.4%	$31.77	-1.7%	CL A NON-VTG	153527205
FELE	FRANKLIN ELEC INC	3,427	$308	0.3%	$62.59	+38.8%	COM	353514102
AWI	ARMSTRONG WORLD INDS INC NEW	1,816	$295	0.3%	$108.64	+36.1%	COM	04247X102
—	POTBELLY CORP	20,888	$256	0.3%	$4.40	—	COM	73754Y100
CASY	CASEYS GEN STORES INC	400	$204	0.2%	$459.22	0.0%	COM	147528103
AKBA	AKEBIA THERAPEUTICS INC	53,510	$195	0.2%	$2.43	+13.0%	COM	00972D105
DBRG	DIGITALBRIDGE GROUP INC	13,862	$143	0.2%	$16.78	-43.3%	CL A NEW	25401T603
—	PERFORMANT HEALTHCARE INC	20,000	$80	0.1%	$3.95	—	COM	71377E105
RIG	TRANSOCEAN LTD	10,185	$26	0.0%	$6.69	-61.5%	REGISTERED SHS	H8817H100