# Orchard Capital Management, LLC: Form 13F holdings

An institutional investment manager in CHICAGO, IL. SEC CIK 1858319.

- Quarter ended: 2026-06-30
- Filed: 2026-08-12
- Reported value: $102.6m
- Positions: 44 (44 lines in the filing's table; lines for the same security and option type are added together here)
- Compared with: the 13F for the quarter ended 2026-03-31
- Filing: https://www.sec.gov/Archives/edgar/data/1858319/000110465926094664/

## Holdings

As filed, largest first. Reported value is what the manager stated at the quarter end (Jun 30, 2026), in US dollars; it is filing data, not a price. Weight is the share of the total reported value.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| INVESCO QQQ TR | UNIT SER 1 | $11.4m | 11.1% | 15,500 | Put | New +15,500 |
| [BANCORP INC DEL (TBBK)](/companies/tbbk.md) | COM | $7.3m | 7.1% | 116,995 |  | Reduced −3,861 |
| [GREEN DOT CORP (GDOT)](/companies/gdot.md) | CL A | $5.5m | 5.4% | 409,059 |  | New +409,059 |
| [ENOVA INTL INC (ENVA)](/companies/enva.md) | COM | $5.3m | 5.1% | 21,824 |  | Added +272 |
| [RIOT PLATFORMS INC (RIOT)](/companies/riot.md) | COM | $5.2m | 5.1% | 189,729 |  | Added +1,796 |
| [DUCOMMUN INC DEL (DCO)](/companies/dco.md) | COM | $4.4m | 4.3% | 23,718 |  | Reduced −5,189 |
| [ARCOSA INC (ACA)](/companies/aca.md) | COM | $4.0m | 3.9% | 27,260 |  | Reduced −6,890 |
| [FTAI INFRASTRUCTURE INC (FIP)](/companies/fip.md) | COMMON STOCK | $3.8m | 3.7% | 822,351 |  | Added +7,313 |
| [TRIUMPH FINANCIAL INC (TFIN)](/companies/tfin.md) | COM | $3.8m | 3.7% | 49,633 |  | Added +14,812 |
| [GARRETT MOTION INC (GTX)](/companies/gtx.md) | COM | $3.7m | 3.6% | 101,167 |  | Reduced −51,776 |
| [TIDEWATER INC NEW (TDW)](/companies/tdw.md) | COM | $3.2m | 3.2% | 48,760 |  | Added +594 |
| [HUDBAY MINERALS INC (HBM)](/companies/hbm.md) | COM | $3.2m | 3.1% | 133,607 |  | Added +1,741 |
| [NORTH AMERN CONSTR GROUP LTD (NOA)](/companies/noa.md) | COM | $3.0m | 2.9% | 226,537 |  | Added +2,624 |
| [BANC OF CALIFORNIA INC (BANC)](/companies/banc.md) | COM | $3.0m | 2.9% | 147,413 |  | Reduced −30,472 |
| AEBI SCHMIDT HLDG AG | COM | $2.9m | 2.9% | 234,969 |  | Added +80,538 |
| [TRINITY INDS INC (TRN)](/companies/trn.md) | COM | $2.7m | 2.6% | 78,235 |  | Added +991 |
| [MYERS INDS INC (MYE)](/companies/mye.md) | COM | $2.7m | 2.6% | 75,487 |  | Added +859 |
| [METALLUS INC (MTUS)](/companies/mtus.md) | COM | $2.6m | 2.5% | 136,651 |  | Added +1,668 |
| [TREKOR METALS LTD (TGB)](/companies/tgb.md) | COM | $2.5m | 2.4% | 364,557 |  | New +364,557 |
| [UNITED STATES ANTIMONY CORP (UAMY)](/companies/uamy.md) | COM | $2.2m | 2.2% | 307,174 |  | Added +2,551 |
| FERROGLOBE PLC | SHS | $2.2m | 2.1% | 690,000 |  | Added +8,255 |
| [AXOS FINANCIAL INC (AX)](/companies/ax.md) | COM | $2.2m | 2.1% | 22,491 |  | Added +283 |
| [FRANKLIN BSP RLTY TR INC (FBRT)](/companies/fbrt.md) | COMMON STOCK | $2.2m | 2.1% | 267,856 |  | Added +106,137 |
| [NI HLDGS INC (NODK)](/companies/nodk.md) | COM | $1.9m | 1.8% | 120,742 |  | Added +1,113 |
| [PATHWARD FINANCIAL INC (CASH)](/companies/cash.md) | COM | $1.8m | 1.8% | 21,144 |  | Added +243 |
| [DRIVEN BRANDS HLDGS INC (DRVN)](/companies/drvn.md) | COM | $1.8m | 1.8% | 131,785 |  | New +131,785 |
| [INTELLIA THERAPEUTICS INC (NTLA)](/companies/ntla.md) | COM | $1.3m | 1.3% | 79,503 |  | Reduced −2,527 |
| [ATLAS ENERGY SOLUTIONS INC (AESI)](/companies/aesi.md) | COM NEW | $1.2m | 1.2% | 75,237 |  | Added +988 |
| [REVOLVE GROUP INC (RVLV)](/companies/rvlv.md) | CL A | $1.2m | 1.2% | 53,916 |  | Added +670 |
| [AZZ INC (AZZ)](/companies/azz.md) | COM | $605.0k | 0.6% | 3,902 |  | Unchanged |
| [SOLARIS ENERGY INFRAS INC (SEI)](/companies/sei.md) | COM CL A | $462.6k | 0.5% | 5,750 |  | Unchanged |
| [TALEN ENERGY CORP (TLN)](/companies/tln.md) | COM | $407.3k | 0.4% | 1,060 |  | Unchanged |
| [FRANKLIN ELEC INC (FELE)](/companies/fele.md) | COM | $367.3k | 0.4% | 3,427 |  | Unchanged |
| [FOSTER L B CO (FSTR)](/companies/fstr.md) | COM | $333.3k | 0.3% | 7,379 |  | Unchanged |
| [IDAHO STRATEGIC RESOURCES (IDR)](/companies/idr.md) | COM NEW | $326.1k | 0.3% | 9,956 |  | Unchanged |
| [CASEYS GEN STORES INC (CASY)](/companies/casy.md) | COM | $317.9k | 0.3% | 400 |  | Unchanged |
| [WABTEC (WAB)](/companies/wab.md) | COM | $245.9k | 0.2% | 912 |  | Unchanged |
| [GREEN BRICK PARTNERS INC (GRBK)](/companies/grbk.md) | COM | $240.1k | 0.2% | 3,000 |  | New +3,000 |
| [CF INDUSTRIES HOLD (CF)](/companies/cf.md) | COM | $226.9k | 0.2% | 2,096 |  | Unchanged |
| DIGITALBRIDGE GROUP INC | CL A NEW | $218.7k | 0.2% | 13,862 |  | Unchanged |
| [BANNER CORP (BANR)](/companies/banr.md) | COM NEW | $201.2k | 0.2% | 3,029 |  | New +3,029 |
| [GLADSTONE LD CORP (LAND)](/companies/land.md) | COM | $168.0k | 0.2% | 19,695 |  | Unchanged |
| [DMC GLOBAL INC (BOOM)](/companies/boom.md) | COM | $122.9k | 0.1% | 21,152 |  | Unchanged |
| TRANSOCEAN LTD | REGISTERED SHS | $49.8k | <0.1% | 10,185 |  | Unchanged |

## Sold out

Held at the end of the quarter before and not reported this quarter.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [AKEBIA THREAPEUTICS INC (AKBA)](/companies/akba.md) | COM | $0 | 0.0% | 0 |  | Sold out −53,510 |
| [ARCBEST CORP (ARCB)](/companies/arcb.md) | COM | $0 | 0.0% | 0 |  | Sold out −27,564 |
| [CENTRAL GARDEN & PET CO (CENT)](/companies/cent.md) | COM | $0 | 0.0% | 0 |  | Sold out −44,381 |
| [CENTRAL GARDEN & PET CO (CENT)](/companies/cent.md) | CL A NON-VTG | $0 | 0.0% | 0 |  | Sold out −11,092 |
| GREENLIGHT CAP RE LTD | CLASS A | $0 | 0.0% | 0 |  | Sold out −138,927 |
| [HERON THERAPEUTICS INC (HRTX)](/companies/hrtx.md) | COM | $0 | 0.0% | 0 |  | Sold out −680,432 |
| [STATE STR SPDR S&P 500 ETF T (SPY)](/companies/spy.md) | TR UNIT | $0 | 0.0% | 0 | Put | Sold out −30,000 |
| TASEKO MINES LTD | COM | $0 | 0.0% | 0 |  | Sold out −223,259 |

Source: SEC EDGAR, Form 13F-HR, accession 0001104659-26-094664. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.