Orchard Capital Management, LLC

CIK

1858319

Location

Chicago, IL

Portfolio Value

Micro $8,409,220

Diversification

Diversified

Filing Date

Global Rank

#5,795 / 8,588 ▼ 206

Top Industry

Banks - Regional 20.3%

3Y Alpha vs SPY

+3.2%

Period ended 3 months ago

Filed May 13, 2026 · 35d

22 quarters · since Dec 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+91.8%

SPY

+76.8%

Annualised alpha

+3.3%

Max drawdown

−25.5%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

45 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

20.4%

−15.2 pts

Top 5

39.4%

−13.8 pts

Top 10

55.6%

−11.8 pts

HHI

655

Diversified−787

Portfolio Trend

22 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	26.0%	$24,860,979	10
Unclassified	20.4%	$19,510,200	1
Industrials	20.1%	$19,222,168	11
Basic Materials	13.0%	$12,461,718	7
Energy	8.8%	$8,409,220	5
Consumer Cyclical	6.1%	$5,854,631	4
Healthcare	1.7%	$1,670,347	3
Consumer Defensive	1.7%	$1,631,889	1
Real Estate	1.6%	$1,573,883	2
Utilities	0.4%	$338,383	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

5 positions

Ticker	Company	Δ Shares	Shares	Value
TGB	Taseko Mines Ltd	+205,200	223,259	$1,440,020
RIOT	Riot Platforms, Inc.	+88,232	187,933	$2,322,851
NOA	North American Construction Group Ltd.	+68,812	223,913	$3,018,347
MTUS	Metallus Inc.	+42,891	134,983	$2,205,622
TBBK	Bancorp, Inc.	+14,777	120,856	$6,493,592
No positions match the current search.

Trimmed

Positions the filer reduced

5 positions

Ticker	Company	Δ Shares	Shares	Value
HBM	Hudbay Minerals Inc.	−153,808	131,866	$2,755,999
RVLV	Revolve Group, Inc.	−40,461	53,246	$1,203,892
SPY	Spdr S&P 500 ETF Trust	−30,000	30,000	$19,510,200
AX	Axos Financial, Inc.	−17,466	22,208	$1,889,678
TLN	Talen Energy Corp	−546	1,060	$338,383
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
MYE	Myers Industries Inc	74,628	$1,580,621
CF	CF Industries Holdings, Inc.	2,096	$272,144
WAB	Westinghouse Air Brake Technologies Corp	912	$227,917
FSTR	Foster L B Co	7,379	$205,874
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
CRTO	Criteo S.A.	57,293	$1,180,808
AWI	Armstrong World Industries Inc	1,079	$206,196
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

5 positions · $8,409,220 total · Energy only · as of Mar 31, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
TDW	Tidewater Inc Energy	Held	48,166	0	$4,024,269	+65.4%	47.86%
NOA	North American Construction Group Ltd. Energy	Added	223,913	+68,812	$3,018,347	+35.4%	35.89%
AESI	Atlas Energy Solutions Inc. Energy	Held	74,249	0	$974,146	+39.3%	11.58%
SEI	Solaris Energy Infrastructure, Inc. Energy	Held	5,750	0	$324,932	+22.9%	3.86%
RIG	Transocean Ltd. Energy	Held	10,185	0	$67,526	+60.5%	0.80%