Orchard Capital Management, LLC
Sector Allocation
- Financials40.0%$36.5M
- Industrials28.3%$25.8M
- Materials17.5%$16.0M
- Energy5.2%$4.8M
- Consumer Discretionary4.1%$3.7M
- Real Estate2.6%$2.3M
- Healthcare1.5%$1.3M
- Utilities0.5%$407,316
- Technology0.4%$367,340
AUM History
13fpro.ai/research/fund/orchard-capital-management-llc-1858319
Conviction and streaks
Concentrating · top 10 = 50.6%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
TBBK
$7.3MGDOT
$5.5MENVA
$5.3MRIOT
$5.2MDCO
$4.4MACA
$4.0MFIP
$3.8MTFIN
$3.8MGTX
$3.7MTDW
$3.2MHBM
$3.2MNOA
$3.0MBANC
$3.0MAEBI
$2.9MTRN
$2.7MMYE
$2.7MMTUS
$2.6MTGB
$2.5MUAMY
$2.2MGSM
$2.2M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/orchard-capital-management-llc-1858319
Orchard Capital Management, LLC 13F holdings — Q2 2026
$102.6M portfolio (+7.0% QoQ) · 44 holdings · Q2 2026 13F · top 10 are 51% of the stock portfolio
Includes $11.4M of put/call options ($11.4M puts, $0 calls), which 13F rules report at the value of the underlying shares, not the premium at risk. Stocks alone: $91.2M. Weights use the stock portfolio.
$7.3M
8.0% of stocks
-3%This quarter-26.9%Since filed10+ qtrsHeld$5.5M
6.1% of stocks
NewThis quarter-9.8%Since filedNew this quarterHeld$5.3M
5.8% of stocks
+1%This quarter-34.7%Since filed10+ qtrsHeld$5.2M
5.7% of stocks
+1.0%This quarter-38.0%Since filed4 qtrsHeld$4.4M
4.8% of stocks
-18%This quarter-18.8%Since filed7 qtrsHeld$4.0M
4.3% of stocks
-20%This quarter+2.8%Since filed10+ qtrsHeld$3.8M
4.2% of stocks
+0.9%This quarter-44.4%Since filed10+ qtrsHeld$3.8M
4.2% of stocks
+43%This quarter-17.3%Since filed8 qtrsHeld$3.7M
4.0% of stocks
-34%This quarter-26.1%Since filed10+ qtrsHeld$3.2M
3.6% of stocks
+1%This quarter-7.8%Since filed10+ qtrsHeld
All holdings — Orchard Capital Management, LLC (Q2 2026)
44 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | INVESCO QQQ TRUST, SERIES 1 | — | $11.4M | — | 16K | New | — | — | 13F | |
| 12 | Hudbay Minerals Inc. | Materials | $3.2M | 3.5% | 134K | +1% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | North American Construction Group Ltd. | Energy | $3.0M | 3.3% | 227K | +1% | 8 qtrsAdded 4 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | BANC OF CALIFORNIA, INC. | Financials | $3.0M | 3.3% | 147K | -17% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | Aebi Schmidt Holding AG | Industrials | $2.9M | 3.2% | 235K | +52% | 4 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | TRINITY INDUSTRIES INC | Industrials | $2.7M | 3.0% | 78K | +1% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | MYERS INDUSTRIES INC | Materials | $2.7M | 2.9% | 75K | +1% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | Metallus Inc. | Materials | $2.6M | 2.8% | 137K | +1% | 4 qtrsAdded 4 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | Trekor Metals Ltd | Materials | $2.5M | 2.8% | 365K | +63% | 3 qtrsAdded 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | UNITED STATES ANTIMONY CORP | Materials | $2.2M | 2.4% | 307K | +0.8% | 3 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | Ferroglobe PLC | Materials | $2.2M | 2.4% | 690K | +1% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | Axos Financial, Inc. | Financials | $2.2M | 2.4% | 22K | +1% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | Franklin BSP Realty Trust, Inc. | Real Estate | $2.2M | 2.4% | 268K | +66% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | NI Holdings, Inc. | Financials | $1.9M | 2.1% | 121K | +0.9% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | PATHWARD FINANCIAL, INC. | Financials | $1.8M | 2.0% | 21K | +1% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $DRVN | Driven Brands Holdings Inc. | Consumer Discretionary | $1.8M | 2.0% | 132K | New | |||
| 27 | $NTLA | Intellia Therapeutics, Inc. | Healthcare | $1.3M | 1.5% | 80K | -3% | |||
| 28 | $AESI | Atlas Energy Solutions Inc. | Energy | $1.2M | 1.4% | 75K | +1% | |||
| 29 | $RVLV | Revolve Group, Inc. | Consumer Discretionary | $1.2M | 1.4% | 54K | +1% | |||
| 30 | $AZZ | AZZ INC | Industrials | $605K | 0.7% | 3,902 | — | |||
| 31 | $SEI | Solaris Energy Infrastructure, Inc. | Energy | $463K | 0.5% | 5,750 | — | |||
| 32 | $TLN | Talen Energy Corp | Utilities | $407K | 0.5% | 1,060 | — | |||
| 33 | $FELE | FRANKLIN ELECTRIC CO INC | Technology | $367K | 0.4% | 3,427 | — | |||
| 34 | $FSTR | FOSTER L B CO | Consumer Discretionary | $333K | 0.4% | 7,379 | — | |||
| 35 | $IDR | Idaho Strategic Resources, Inc. | Materials | $326K | 0.4% | 9,956 | — | |||
| 36 | $CASY | CASEYS GENERAL STORES INC | Consumer Discretionary | $318K | 0.3% | 400 | — | |||
| 37 | $WAB | WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP | Industrials | $246K | 0.3% | 912 | — | |||
| 38 | $GRBK | Green Brick Partners, Inc. | Industrials | $240K | 0.3% | 3,000 | New | |||
| 39 | $CF | CF Industries Holdings, Inc. | Materials | $227K | 0.3% | 2,096 | — | |||
| 40 | $DBRG-PH | DigitalBridge Group, Inc. | Financials | $219K | 0.2% | 14K | — | |||
| 41 | $BANR | BANNER CORP | Financials | $201K | 0.2% | 3,029 | New | |||
| 42 | $LAND | GLADSTONE LAND Corp | Real Estate | $168K | 0.2% | 20K | — | |||
| 43 | $BOOM | DMC Global Inc. | Materials | $123K | 0.1% | 21K | — | |||
| 44 | $RIG | Transocean Ltd. | Energy | $50K | 0.1% | 10K | — |
What changed in Q2 2026
Against the previous quarter's 13F: 5 new, 20 added to, 6 trimmed, 7 sold out. Share-count changes; largest moves by dollar size first.
New positions (5)
Added to (20)
$TFINTriumph Financial, Inc.+43%
now $3.8M · held 8 qtrs
$AEBIAebi Schmidt Holding AG+52%
now $2.9M · held 4 qtrs
$TGBTrekor Metals Ltd+63%
now $2.5M · held 3 qtrs, 3 adds in a row
$FBRTFranklin BSP Realty Trust, Inc.+66%
now $2.2M · held 10+ qtrs
$ENVAEnova International, Inc.+1%
now $5.3M · held 10+ qtrs
$RIOTRiot Platforms, Inc.+1.0%
now $5.2M · held 4 qtrs
+14 more in the Excel export
Trimmed (6)
$GTXGarrett Motion Inc.-34%
now $3.7M · held 10+ qtrs
$ACAArcosa, Inc.-20%
now $4.0M · held 10+ qtrs
$DCODUCOMMUN INC /DE/-18%
now $4.4M · held 7 qtrs
$BANCBANC OF CALIFORNIA, INC.-17%
now $3.0M · held 10+ qtrs
$TBBKBancorp, Inc.-3%
now $7.3M · held 10+ qtrs
$NTLAIntellia Therapeutics, Inc.-3%
now $1.3M · held 10+ qtrs
Sold out (7)
$SPYPUTSPDR S&P 500 ETF TRUSTwas $19.5M
$ARCBARCBEST CORP /TX/was $2.7M
held 9+ qtrs
$GLREGREENLIGHT CAPITAL RE, LTD.was $2.4M
held 9+ qtrs
$CENTCENTRAL GARDEN & PET COwas $1.6M
held 9+ qtrs
$HRTXHERON THERAPEUTICS, INC. /DE/was $544K
held 9+ qtrs
$CENTCENTRAL GARDEN & PET COwas $360K
held 9+ qtrs
+1 more in the Excel export
Holdings by quarter
Every 13F Orchard Capital Management, LLC has filed, 22 earlier quarters. Pick one to see what it held then.
Is it too late to follow Orchard Capital Management?
Q2 2026 13F filed with the SEC on Aug 12, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of Orchard Capital Management's top 20 holdings: 50/100 (our AI quality score, weighted by position size; 16 of the 20 are scored)
Top 10 since filing
-22.9%
Value-weighted move of the 10 largest stock positions
Turnover
15%
Last quarter; 42% over the last 4
Top 10 weight
51%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
82%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Orchard Capital Management, LLC disclosed 44 positions worth $102.6M in its Form 13F-HR for Q2 2026 — $91.2M in common stock plus $11.4M of put/call option positions (reported at underlying notional value, not premium at risk), led by $TBBK (Bancorp, Inc.) at 8.0% of the equity portfolio, followed by $GDOT and $ENVA. During the quarter the fund opened 5 new positions and exited 7 — including a new stake in $QQQ and a full exit from $SPY. The portfolio is most concentrated in Financials (40.0% of disclosed assets). All figures are sourced directly from Orchard Capital Management, LLC’s Form 13F-HR filing with the SEC under CIK 1858319.
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