Orchard Capital Management, LLC Long-Term Concentrated

CIK: 0001858319 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 12, 2025

Total Value ($000): $115,726 (100.0% shares, 0.0% debt)

Holdings (44)

SPY SPDR S&P 500 ETF TR 34.5%

Value ($000) $39,971 Shares 60,000 Est. Cost $617.85 Unrealized —

TBBK BANCORP INC DEL 7.9%

Value ($000) $9,117 Shares 121,736 Est. Cost $13.06 Unrealized +433.6%

HBM HUDBAY MINERALS INC 5.7%

Value ($000) $6,633 Shares 437,527 Est. Cost $8.14 Unrealized +40.6%

FIP FTAI INFRASTRUCTURE INC 3.0%

Value ($000) $3,504 Shares 803,768 Est. Cost $5.73 Unrealized -6.4%

AX AXOS FINANCIAL INC 2.9%

Value ($000) $3,305 Shares 39,039 Est. Cost $36.96 Unrealized +135.8%

ACA ARCOSA INC 2.7%

Value ($000) $3,143 Shares 33,539 Est. Cost $54.22 Unrealized +71.3%

GLRE GREENLIGHT CAPITAL RE LTD 2.7%

Value ($000) $3,110 Shares 244,869 Est. Cost $9.51 Unrealized +37.3%

— 89BIO INC 2.6%

Value ($000) $3,000 Shares 204,114 Est. Cost $7.71 Unrealized —

BANC BANC OF CALIFORNIA INC 2.5%

Value ($000) $2,913 Shares 176,030 Est. Cost $14.03 Unrealized +10.5%

DCO DUCOMMUN INC DEL 2.4%

Value ($000) $2,721 Shares 28,301 Est. Cost $65.08 Unrealized +38.9%

TDW TIDEWATER INC NEW 2.2%

Value ($000) $2,520 Shares 47,260 Est. Cost $49.89 Unrealized +9.9%

ENVA ENOVA INTL INC 2.1%

Value ($000) $2,451 Shares 21,295 Est. Cost $30.09 Unrealized +279.7%

GSM FERROGLOBE PLC 1.9%

Value ($000) $2,204 Shares 484,338 Est. Cost $5.08 Unrealized -16.2%

NOA NORTH AMERN CONSTR GROUP LTD 1.9%

Value ($000) $2,160 Shares 152,138 Est. Cost $18.44 Unrealized -21.0%

TRN TRINITY INDS INC 1.8%

Value ($000) $2,126 Shares 75,836 Est. Cost $22.50 Unrealized +19.7%

GTX GARRETT MOTION INC 1.8%

Value ($000) $2,093 Shares 153,699 Est. Cost $8.63 Unrealized +46.6%

RVLV REVOLVE GROUP INC 1.7%

Value ($000) $1,959 Shares 91,949 Est. Cost $27.54 Unrealized -20.8%

ARCB ARCBEST CORP 1.6%

Value ($000) $1,887 Shares 27,014 Est. Cost $74.78 Unrealized +0.2%

AEBI AEBI SCHMIDT HLDG AG 1.6%

Value ($000) $1,887 Shares 151,338 Est. Cost $11.40 Unrealized 0.0%

FBRT FRANKLIN BSP RLTY TR INC 1.5%

Value ($000) $1,722 Shares 158,590 Est. Cost $12.78 Unrealized —

TFIN TRIUMPH FINANCIAL INC 1.5%

Value ($000) $1,709 Shares 34,161 Est. Cost $55.78 Unrealized +5.6%

NODK NI HLDGS INC 1.4%

Value ($000) $1,611 Shares 118,817 Est. Cost $17.38 Unrealized -24.4%

CASH PATHWARD FINANCIAL INC 1.3%

Value ($000) $1,505 Shares 20,331 Est. Cost $35.71 Unrealized +117.9%

MTUS METALLUS INC 1.3%

Value ($000) $1,498 Shares 90,618 Est. Cost $16.31 Unrealized 0.0%

CENT CENTRAL GARDEN & PET CO 1.2%

Value ($000) $1,441 Shares 44,120 Est. Cost $33.93 Unrealized +8.7%

NTLA INTELLIA THERAPEUTICS INC 1.2%

Value ($000) $1,409 Shares 81,598 Est. Cost $12.02 Unrealized +2.4%

CRTO CRITEO S A 1.1%

Value ($000) $1,278 Shares 56,551 Est. Cost $24.38 Unrealized —

RIOT RIOT PLATFORMS INC 1.0%

Value ($000) $1,190 Shares 62,533 Est. Cost $13.85 Unrealized 0.0%

HRTX HERON THERAPEUTICS INC 0.7%

Value ($000) $853 Shares 677,290 Est. Cost $5.66 Unrealized -72.0%

AESI ATLAS ENERGY SOLUTIONS INC 0.7%

Value ($000) $823 Shares 72,392 Est. Cost $19.62 Unrealized -38.2%

TLN TALEN ENERGY CORP 0.6%

Value ($000) $683 Shares 1,606 Est. Cost $138.87 Unrealized +160.2%

AZZ AZZ INC 0.4%

Value ($000) $426 Shares 3,902 Est. Cost $37.35 Unrealized +196.0%

AWI ARMSTRONG WORLD INDS INC NEW 0.3%

Value ($000) $356 Shares 1,816 Est. Cost $108.64 Unrealized +70.8%

— POTBELLY CORP 0.3%

Value ($000) $356 Shares 20,888 Est. Cost $4.40 Unrealized —

IDR IDAHO STRATEGIC RESOURCES 0.3%

Value ($000) $336 Shares 9,956 Est. Cost $23.61 Unrealized 0.0%

FELE FRANKLIN ELEC INC 0.3%

Value ($000) $326 Shares 3,427 Est. Cost $62.59 Unrealized +50.1%

CENTA CENTRAL GARDEN & PET CO 0.3%

Value ($000) $326 Shares 11,029 Est. Cost $31.82 Unrealized +4.7%

SEI SOLARIS ENERGY INFRAS INC 0.2%

Value ($000) $230 Shares 5,750 Est. Cost $31.12 Unrealized 0.0%

CASY CASEYS GEN STORES INC 0.2%

Value ($000) $226 Shares 400 Est. Cost $459.22 Unrealized +13.6%

GRBK GREEN BRICK PARTNERS INC 0.2%

Value ($000) $222 Shares 3,000 Est. Cost $68.33 Unrealized 0.0%

DBRG DIGITALBRIDGE GROUP INC 0.1%

Value ($000) $162 Shares 13,862 Est. Cost $16.78 Unrealized -33.5%

— PERFORMANT HEALTHCARE INC 0.1%

Value ($000) $155 Shares 20,000 Est. Cost $3.95 Unrealized —

AKBA AKEBIA THERAPEUTICS INC 0.1%

Value ($000) $146 Shares 53,510 Est. Cost $2.43 Unrealized +36.8%

RIG TRANSOCEAN LTD 0.0%

Value ($000) $32 Shares 10,185 Est. Cost $6.69 Unrealized -54.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	60,000	$39,971	34.5%	$617.85	—	Put	78462F103
TBBK	BANCORP INC DEL	121,736	$9,117	7.9%	$13.06	+433.6%	COM	05969A105
HBM	HUDBAY MINERALS INC	437,527	$6,633	5.7%	$8.14	+40.6%	COM	443628102
FIP	FTAI INFRASTRUCTURE INC	803,768	$3,504	3.0%	$5.73	-6.4%	COMMON STOCK	35953C106
AX	AXOS FINANCIAL INC	39,039	$3,305	2.9%	$36.96	+135.8%	COM	05465C100
ACA	ARCOSA INC	33,539	$3,143	2.7%	$54.22	+71.3%	COM	039653100
GLRE	GREENLIGHT CAPITAL RE LTD	244,869	$3,110	2.7%	$9.51	+37.3%	CLASS A	G4095J109
—	89BIO INC	204,114	$3,000	2.6%	$7.71	—	COM	282559103
BANC	BANC OF CALIFORNIA INC	176,030	$2,913	2.5%	$14.03	+10.5%	COM	05990K106
DCO	DUCOMMUN INC DEL	28,301	$2,721	2.4%	$65.08	+38.9%	COM	264147109
TDW	TIDEWATER INC NEW	47,260	$2,520	2.2%	$49.89	+9.9%	COM	88642R109
ENVA	ENOVA INTL INC	21,295	$2,451	2.1%	$30.09	+279.7%	COM	29357K103
GSM	FERROGLOBE PLC	484,338	$2,204	1.9%	$5.08	-16.2%	SHS	G33856108
NOA	NORTH AMERN CONSTR GROUP LTD	152,138	$2,160	1.9%	$18.44	-21.0%	COM	656811106
TRN	TRINITY INDS INC	75,836	$2,126	1.8%	$22.50	+19.7%	COM	896522109
GTX	GARRETT MOTION INC	153,699	$2,093	1.8%	$8.63	+46.6%	COM	366505105
RVLV	REVOLVE GROUP INC	91,949	$1,959	1.7%	$27.54	-20.8%	CL A	76156B107
ARCB	ARCBEST CORP	27,014	$1,887	1.6%	$74.78	+0.2%	COM	03937C105
AEBI	AEBI SCHMIDT HLDG AG	151,338	$1,887	1.6%	$11.40	0.0%	COM	H00501108
FBRT	FRANKLIN BSP RLTY TR INC	158,590	$1,722	1.5%	$12.78	—	COMMON STOCK	35243J101
TFIN	TRIUMPH FINANCIAL INC	34,161	$1,709	1.5%	$55.78	+5.6%	COM	89679E300
NODK	NI HLDGS INC	118,817	$1,611	1.4%	$17.38	-24.4%	COM	65342T106
CASH	PATHWARD FINANCIAL INC	20,331	$1,505	1.3%	$35.71	+117.9%	COM	59100U108
MTUS	METALLUS INC	90,618	$1,498	1.3%	$16.31	0.0%	COM	887399103
CENT	CENTRAL GARDEN & PET CO	44,120	$1,441	1.2%	$33.93	+8.7%	COM	153527106
NTLA	INTELLIA THERAPEUTICS INC	81,598	$1,409	1.2%	$12.02	+2.4%	COM	45826J105
CRTO	CRITEO S A	56,551	$1,278	1.1%	$24.38	—	SPONS ADS	226718104
RIOT	RIOT PLATFORMS INC	62,533	$1,190	1.0%	$13.85	0.0%	COM	767292105
HRTX	HERON THERAPEUTICS INC	677,290	$853	0.7%	$5.66	-72.0%	COM	427746102
AESI	ATLAS ENERGY SOLUTIONS INC	72,392	$823	0.7%	$19.62	-38.2%	COM NEW	642045108
TLN	TALEN ENERGY CORP	1,606	$683	0.6%	$138.87	+160.2%	COM	87422Q109
AZZ	AZZ INC	3,902	$426	0.4%	$37.35	+196.0%	COM	002474104
AWI	ARMSTRONG WORLD INDS INC NEW	1,816	$356	0.3%	$108.64	+70.8%	COM	04247X102
—	POTBELLY CORP	20,888	$356	0.3%	$4.40	—	COM	73754Y100
IDR	IDAHO STRATEGIC RESOURCES	9,956	$336	0.3%	$23.61	0.0%	COM NEW	645827205
FELE	FRANKLIN ELEC INC	3,427	$326	0.3%	$62.59	+50.1%	COM	353514102
CENTA	CENTRAL GARDEN & PET CO	11,029	$326	0.3%	$31.82	+4.7%	CL A NON-VTG	153527205
SEI	SOLARIS ENERGY INFRAS INC	5,750	$230	0.2%	$31.12	0.0%	COM CL A	83418M103
CASY	CASEYS GEN STORES INC	400	$226	0.2%	$459.22	+13.6%	COM	147528103
GRBK	GREEN BRICK PARTNERS INC	3,000	$222	0.2%	$68.33	0.0%	COM	392709101
DBRG	DIGITALBRIDGE GROUP INC	13,862	$162	0.1%	$16.78	-33.5%	CL A NEW	25401T603
—	PERFORMANT HEALTHCARE INC	20,000	$155	0.1%	$3.95	—	COM	71377E105
AKBA	AKEBIA THERAPEUTICS INC	53,510	$146	0.1%	$2.43	+36.8%	COM	00972D105
RIG	TRANSOCEAN LTD	10,185	$32	0.0%	$6.69	-54.9%	REGISTERED SHS	H8817H100