Orchard Capital Management, LLC

Registered adviser

CIK

1858319

Location

Chicago, IL

Portfolio Value

Small $102,641,233

Diversification

Diversified

Filing Date

Global Rank

#8,214 / 8,811 ▼ 400

Top Industry

Banks - Regional 20.1%

Period ended 4 months ago

Filed Aug 12, 2026 · 2mo

23 quarters · since Dec 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 269957

Roster of Oct 1, 2026

Regulatory AUM

$111,840,000

Main clients

Diversified

Private funds on Schedule D 7.B.(1)

As filed Dec 9, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

No private funds listed.

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$111,840,000	Diversified
Apr 2025 to Mar 2026	$321,870,000	Registered funds and BDCs (82%)
Jan 2025 to Mar 2025	$370,715,000	Registered funds and BDCs (84%)
Apr 2024 to Dec 2024	$370,715,000	Registered funds and BDCs (84%)
May 2023 to Mar 2024	$356,300,000	Pooled investment vehicles (86%)
Apr 2023	$356,300,000	Pooled investment vehicles (86%)

7 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 50.6%, 25.5 effective positions, active share 97.2% against the S&P SmallCap 600 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Medium turnover

36.8% over the last four quarters (30% to under 100%)

Horizon

Medium horizon

Value-weighted holding period 11.9 quarters (4 to under 12)

Closest benchmark: the S&P SmallCap 600 as of 2026-06-30, active share 97.2%; sector active share 60.2% against the combined 13F book's sector weights.

Over time 23 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

44 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

11.1%

−9.2 pts

Top 5

33.8%

−5.5 pts

Top 10

52.9%

−2.4 pts

HHI

434

Diversified−218

Portfolio Trend

23 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	35.5%	$36,450,603	11
Industrials	19.0%	$19,497,771	10
Basic Materials	12.9%	$13,193,874	7
Unclassified	11.1%	$11,414,200	1
Consumer Cyclical	9.7%	$9,959,980	6
Energy	7.8%	$8,023,955	5
Real Estate	2.3%	$2,348,345	2
Healthcare	1.3%	$1,345,190	1
Utilities	0.4%	$407,315	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

20 positions

Ticker	Company	Δ Shares	Shares	Value
TGB	Trekor Metals Ltd	+141,298	364,557	$2,508,152
FBRT	Franklin BSP Realty Trust, Inc.	+106,137	267,856	$2,180,347
AEBI	Aebi Schmidt Holding AG	+80,538	234,969	$2,948,860
TFIN	Triumph Financial, Inc.	+14,812	49,633	$3,787,494
GSM	Ferroglobe PLC	+8,255	690,000	$2,194,200
FIP	FTAI Infrastructure Inc.	+7,313	822,351	$3,815,708
NOA	North American Construction Group Ltd.	+2,624	226,537	$3,012,942
UAMY	United States Antimony Corp	+2,551	307,174	$2,230,083
RIOT	Riot Platforms, Inc.	+1,796	189,729	$5,194,780
HBM	Hudbay Minerals Inc.	+1,741	133,607	$3,154,461
MTUS	Metallus Inc.	+1,668	136,651	$2,554,007
NODK	NI Holdings, Inc.	+1,113	120,742	$1,896,856
TRN	Trinity Industries Inc	+991	78,235	$2,705,366
AESI	Atlas Energy Solutions Inc.	+988	75,237	$1,249,686
MYE	Myers Industries Inc	+859	75,487	$2,665,445
RVLV	Revolve Group, Inc.	+670	53,916	$1,234,137
TDW	Tidewater Inc	+594	48,760	$3,248,878
AX	Axos Financial, Inc.	+283	22,491	$2,190,398
ENVA	Enova International, Inc.	+272	21,824	$5,253,691
CASH	Pathward Financial, Inc.	+243	21,144	$1,840,796
No positions match the current search.

Trimmed

Positions the filer reduced

6 positions

Ticker	Company	Δ Shares	Shares	Value
GTX	Garrett Motion Inc.	−51,776	101,167	$3,665,280
BANC	Banc Of California, Inc.	−30,472	147,413	$3,011,647
ACA	Arcosa, Inc.	−6,890	27,260	$3,960,605
DCO	Ducommun Inc	−5,189	23,718	$4,392,810
TBBK	Bancorp, Inc.	−3,861	116,995	$7,328,566
NTLA	Intellia Therapeutics, Inc.	−2,527	79,503	$1,345,190
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
GDOT	Green Dot Corp	409,059	$5,526,387
DRVN	Driven Brands Holdings Inc.	131,785	$1,837,082
GRBK	Green Brick Partners, Inc.	3,000	$240,120
BANR	Banner Corp	3,029	$201,246
No positions match the current search.

Sold Out

Positions the filer fully exited

6 positions

Ticker	Company	Shares	Value
ARCB	Arcbest Corp	27,564	$2,711,195
GLRE	Greenlight Capital Re, Ltd.	138,927	$2,402,047
CENT	Central Garden & Pet Co	44,381	$1,631,889
HRTX	Heron Therapeutics, Inc.	680,432	$544,345
CENTA	Central Garden & Pet Co	11,092	$359,602
AKBA	Akebia Therapeutics, Inc.	53,510	$74,378
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

44 tracked positions · $102,641,233 total · filing declares 44 positions · $102,641,251 · as of Jun 30, 2026

All sectors Basic Materials Consumer Cyclical Energy Financial Services Healthcare Industrials Real Estate Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
QQQ	Invesco Qqq Trust, Series 1 PUT	NEW	15,500	NEW	$11,414,200	NEW	—	—	11.12%
TBBK	Bancorp, Inc. Financial Services	Reduced	116,995	-3,861	$7,328,566	+12.9%	23	before history	7.14%
GDOT	Green Dot Corp Financial Services	NEW	409,059	NEW	$5,526,387	NEW	1	$12.52	5.38%
ENVA	Enova International, Inc. Financial Services	Added	21,824	+272	$5,253,691	+79.5%	23	before history	5.12%
RIOT	Riot Platforms, Inc. Financial Services	Added	189,729	+1,796	$5,194,780	+123.6%	4	$15.26	5.06%
DCO	Ducommun Inc Industrials	Reduced	23,718	-5,189	$4,392,810	+24.6%	7	$65.67	4.28%
ACA	Arcosa, Inc. Industrials	Reduced	27,260	-6,890	$3,960,605	+9.3%	23	before history	3.86%
FIP	FTAI Infrastructure Inc. Industrials	Added	822,351	+7,313	$3,815,708	−5.2%	16	$5.86	3.72%
TFIN	Triumph Financial, Inc. Financial Services	Added	49,633	+14,812	$3,787,494	+82.3%	5	$59.43	3.69%
GTX	Garrett Motion Inc. Consumer Cyclical	Reduced	101,167	-51,776	$3,665,280	+31.9%	13	$8.63	3.57%
TDW	Tidewater Inc Energy	Added	48,760	+594	$3,248,878	−19.3%	13	$50.30	3.17%
HBM	Hudbay Minerals Inc. Basic Materials	Added	133,607	+1,741	$3,154,461	+14.5%	11	$8.37	3.07%
NOA	North American Construction Group Ltd. Energy	Added	226,537	+2,624	$3,012,942	−0.2%	8	$17.37	2.94%
BANC	Banc Of California, Inc. Financial Services	Reduced	147,413	-30,472	$3,011,647	−3.7%	11	$14.52	2.93%
AEBI	Aebi Schmidt Holding AG Industrials	Added	234,969	+80,538	$2,948,860	+96.7%	4	$11.58	2.87%
TRN	Trinity Industries Inc Industrials	Added	78,235	+991	$2,705,366	+8.8%	23	before history	2.64%
MYE	Myers Industries Inc Consumer Cyclical	Added	75,487	+859	$2,665,445	+68.6%	2	$21.07	2.60%
MTUS	Metallus Inc. Basic Materials	Added	136,651	+1,668	$2,554,007	+15.8%	4	$16.99	2.49%
TGB	Trekor Metals Ltd Basic Materials	Added	364,557	+141,298	$2,508,152	+74.2%	3	$7.09	2.44%
UAMY	United States Antimony Corp Basic Materials	Added	307,174	+2,551	$2,230,083	−16.1%	3	$7.86	2.17%
GSM	Ferroglobe PLC Basic Materials	Added	690,000	+8,255	$2,194,200	−21.9%	11	$5.02	2.14%
AX	Axos Financial, Inc. Financial Services	Added	22,491	+283	$2,190,398	+15.9%	23	before history	2.13%
FBRT	Franklin BSP Realty Trust, Inc. Real Estate	Added	267,856	+106,137	$2,180,347	+58.8%	18	$11.21	2.12%
NODK	NI Holdings, Inc. Financial Services	Added	120,742	+1,113	$1,896,856	+23.0%	23	before history	1.85%
CASH	Pathward Financial, Inc. Financial Services	Added	21,144	+243	$1,840,796	−1.3%	23	before history	1.79%
DRVN	Driven Brands Holdings Inc. Consumer Cyclical	NEW	131,785	NEW	$1,837,082	NEW	1	$13.16	1.79%
NTLA	Intellia Therapeutics, Inc. Healthcare	Reduced	79,503	-2,527	$1,345,190	+27.9%	13	$12.03	1.31%
AESI	Atlas Energy Solutions Inc. Energy	Added	75,237	+988	$1,249,686	+28.3%	7	$20.25	1.22%
RVLV	Revolve Group, Inc. Consumer Cyclical	Added	53,916	+670	$1,234,137	+2.5%	17	$27.41	1.20%
AZZ	Azz Inc Industrials	Held	3,902	0	$605,005	+23.9%	13	$38.40	0.59%
SEI	Solaris Energy Infrastructure, Inc. Energy	Held	5,750	0	$462,645	+42.4%	4	$31.28	0.45%
TLN	Talen Energy Corp Utilities	Held	1,060	0	$407,315	+20.4%	8	$138.87	0.40%
FELE	Franklin Electric Co Inc Industrials	Held	3,427	0	$367,340	+16.3%	23	before history	0.36%
FSTR	Foster L B Co Industrials	Held	7,379	0	$333,309	+61.9%	2	$29.51	0.32%
IDR	Idaho Strategic Resources, Inc. Basic Materials	Held	9,956	0	$326,059	+2.0%	4	$23.61	0.32%
CASY	Caseys General Stores Inc Consumer Cyclical	Held	400	0	$317,916	+9.2%	5	$460.82	0.31%
WAB	Westinghouse Air Brake Technologies Corp Industrials	Held	912	0	$245,875	+7.9%	2	$241.77	0.24%
GRBK	Green Brick Partners, Inc. Consumer Cyclical	NEW	3,000	NEW	$240,120	NEW	1	$69.06	0.23%
CF	CF Industries Holdings, Inc. Basic Materials	Held	2,096	0	$226,912	−16.6%	2	$101.98	0.22%
DBRHP	DigitalBridge Group, Inc. Financial Services	Held	13,862	0	$218,742	+2.3%	21	unpriced	0.21%
BANR	Banner Corp Financial Services	NEW	3,029	NEW	$201,246	NEW	1	$64.98	0.20%
LAND	GLADSTONE LAND Corp Real Estate	Held	19,695	0	$167,998	−16.4%	3	$9.15	0.16%
BOOM	DMC Global Inc. Industrials	Held	21,152	0	$122,893	+11.5%	3	$6.90	0.12%
RIG	Transocean Ltd. Energy	Held	10,185	0	$49,804	−26.2%	11	$6.69	0.05%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.