SPDR S&P 500 ETF TR

Ticker: SPY CUSIP: 78462F103 Class: TR UNIT

Orchard Capital Management, LLC's Holding History (CIK: 0001858319)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025
Shares 60,000 Value ($000) $40,915 Avg Close — Range —
Q2 2025
Shares 40,000 Value ($000) $24,714 Avg Close — Range —