Orchard Capital Management, LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 12, 2026), Orchard Capital Management, LLC reported 43 stock positions worth $91.2 million. Its top holding was Bancorp (TBBK) at 8.0% of the portfolio, followed by Green Dot Class A (GDOT, 6.1%) and Enova International (ENVA, 5.8%). Compared with Q1 2026, it opened 4 new positions, sold out of 6, added to 20 and reduced 6. The biggest buy was a new position in Green Dot Class A (GDOT) and the biggest sale an exit from Arcbest (ARCB).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001858319
- Portfolio Value
- $91.2M (Q2 2026)
- SEC Filing
- 0001104659-26-094664 ↗ filed Aug 12, 2026
Holdings Value
Holdings 43 stocks · $91.2M
| TBBK The Bancorp Inc. | 8.03% | 116,995 | $7.3M | Reduce -3.2% |
| GDOT Green Dot Corp. Class A | 6.06% | 409,059 | $5.5M | New |
| ENVA Enova International Inc. | 5.76% | 21,824 | $5.3M | Add +1.3% |
| RIOT Riot Platforms Inc. | 5.69% | 189,729 | $5.2M | Add +1.0% |
| DCO Ducommun Inc. | 4.82% | 23,718 | $4.4M | Reduce -17.9% |
| ACA Arcosa Inc. | 4.34% | 27,260 | $4.0M | Reduce -20.2% |
| FIP Ftai Infrastructure Inc. | 4.18% | 822,351 | $3.8M | Add +0.9% |
| TFIN Triumph Financial Inc. | 4.15% | 49,633 | $3.8M | Add +42.5% |
| GTX Garrett Motion Inc. | 4.02% | 101,167 | $3.7M | Reduce -33.9% |
| TDW Tidewater Inc. | 3.56% | 48,760 | $3.2M | Add +1.2% |
| HBM Hudbay Minerals Inc. | 3.46% | 133,607 | $3.2M | Add +1.3% |
| NOA North American Construction | 3.30% | 226,537 | $3.0M | Add +1.2% |
| BANC Banc of California Inc. | 3.30% | 147,413 | $3.0M | Reduce -17.1% |
| AEBI Aebi Schmidt Holding AG | 3.23% | 234,969 | $2.9M | Add +52.1% |
| TRN Trinity Industries Inc. | 2.97% | 78,235 | $2.7M | Add +1.3% |
| MYE Myers Industries Inc. | 2.92% | 75,487 | $2.7M | Add +1.1% |
| MTUS Metallus Inc. | 2.80% | 136,651 | $2.6M | Add +1.2% |
| TGB Trekor Metals Ltd. | 2.75% | 364,557 | $2.5M | Add +63.3% |
| UAMY United States Antimony Corp. | 2.44% | 307,174 | $2.2M | Add +0.8% |
| GSM Ferroglobe PLC | 2.41% | 690,000 | $2.2M | Add +1.2% |
| AX Axos Financial Inc. | 2.40% | 22,491 | $2.2M | Add +1.3% |
| FBRT Franklin BSP Realty Trust Inc. | 2.39% | 267,856 | $2.2M | Add +65.6% |
| NODK Ni Holdings Inc. filed as NI HLDGS INC | 2.08% | 120,742 | $1.9M | Add +0.9% |
| CASH Pathward Financial Inc. | 2.02% | 21,144 | $1.8M | Add +1.2% |
| DRVN Driven Brands Holdings Inc. | 2.01% | 131,785 | $1.8M | New |
| NTLA Intellia Therapeutics Inc. | 1.47% | 79,503 | $1.3M | Reduce -3.1% |
| AESI Atlas Energy Solutions Inc. | 1.37% | 75,237 | $1.2M | Add +1.3% |
| RVLV Revolve Group Inc. Class A | 1.35% | 53,916 | $1.2M | Add +1.3% |
| AZZ Azz Inc. | 0.66% | 3,902 | $605K | No change |
| SEI Solaris Energy Infrastructur | 0.51% | 5,750 | $463K | No change |
| TLN Talen Energy Corp. | 0.45% | 1,060 | $407K | No change |
| FELE Franklin Electric Co. Inc. | 0.40% | 3,427 | $367K | No change |
| FSTR Foster (lb) Co. Class A | 0.37% | 7,379 | $333K | No change |
| IDR Idaho Strategic Resources Inc. | 0.36% | 9,956 | $326K | No change |
| CASY Casey's General Stores Inc. | 0.35% | 400 | $318K | No change |
| WAB Wabtec Corp. | 0.27% | 912 | $246K | No change |
| GRBK Green Brick Partners Inc. | 0.26% | 3,000 | $240K | New |
| CF CF Industries Holdings Inc. | 0.25% | 2,096 | $227K | No change |
| DBRG Digitalbridge Group Inc. | 0.24% | 13,862 | $219K | No change |
| BANR Banner Corporation | 0.22% | 3,029 | $201K | New |
| LAND Gladstone Land Corp. | 0.18% | 19,695 | $168K | No change |
| BOOM DMC Global Inc. | 0.13% | 21,152 | $123K | No change |
| RIG Transocean Ltd. | 0.05% | 10,185 | $50K | No change |
Options reported separately and not counted above: QQQ puts ($11.4M).
Portfolio Sells Q1 2026 → Q2 2026
| ARCB Arcbest Corp. | Sold out | 0.00% | −3.55 |
| GLRE Greenlight Capital Re Ltd. Class A | Sold out | 0.00% | −3.14 |
| CENT Central Garden & Pet Co. | Sold out | 0.00% | −2.14 |
| BANC Banc of California Inc. | Reduce -17.1% | 3.30% | −0.79 |
| HRTX Heron Therapeutics Inc. | Sold out | 0.00% | −0.71 |
| CENTA Central Garden and Pet Co. Class A | Sold out | 0.00% | −0.47 |
| TBBK The Bancorp Inc. | Reduce -3.2% | 8.03% | −0.47 |
| ACA Arcosa Inc. | Reduce -20.2% | 4.34% | −0.40 |
| AKBA Akebia Therapeutics Inc. | Sold out | 0.00% | −0.10 |
| NTLA Intellia Therapeutics Inc. | Reduce -3.1% | 1.47% | +0.10 |
| DCO Ducommun Inc. | Reduce -17.9% | 4.82% | +0.20 |
| GTX Garrett Motion Inc. | Reduce -33.9% | 4.02% | +0.38 |
Portfolio Buys Q1 2026 → Q2 2026
| GDOT Green Dot Corp. Class A | New | 6.06% | +6.06 |
| RIOT Riot Platforms Inc. | Add +1.0% | 5.69% | +2.65 |
| DRVN Driven Brands Holdings Inc. | New | 2.01% | +2.01 |
| ENVA Enova International Inc. | Add +1.3% | 5.76% | +1.93 |
| TFIN Triumph Financial Inc. | Add +42.5% | 4.15% | +1.43 |
| AEBI Aebi Schmidt Holding AG | Add +52.1% | 3.23% | +1.27 |
| TGB Trekor Metals Ltd. | Add +63.3% | 2.75% | +0.86 |
| MYE Myers Industries Inc. | Add +1.1% | 2.92% | +0.85 |
| FBRT Franklin BSP Realty Trust Inc. | Add +65.6% | 2.39% | +0.59 |
| GRBK Green Brick Partners Inc. | New | 0.26% | +0.26 |
| BANR Banner Corporation | New | 0.22% | +0.22 |
| AESI Atlas Energy Solutions Inc. | Add +1.3% | 1.37% | +0.09 |
| NODK Ni Holdings Inc. | Add +0.9% | 2.08% | +0.06 |
| AX Axos Financial Inc. | Add +1.3% | 2.40% | −0.07 |
| MTUS Metallus Inc. | Add +1.2% | 2.80% | −0.09 |
| HBM Hudbay Minerals Inc. | Add +1.3% | 3.46% | −0.15 |
| RVLV Revolve Group Inc. Class A | Add +1.3% | 1.35% | −0.22 |
| TRN Trinity Industries Inc. | Add +1.3% | 2.97% | −0.29 |
| CASH Pathward Financial Inc. | Add +1.2% | 2.02% | −0.42 |
| NOA North American Construction | Add +1.2% | 3.30% | −0.65 |
| UAMY United States Antimony Corp. | Add +0.8% | 2.44% | −1.04 |
| FIP Ftai Infrastructure Inc. | Add +0.9% | 4.18% | −1.09 |
| GSM Ferroglobe PLC | Add +1.2% | 2.41% | −1.27 |
| TDW Tidewater Inc. | Add +1.2% | 3.56% | −1.71 |
Options Activity Q1 2026 → Q2 2026
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 30,000 | $19.5Mbefore exit |
| QQQ Invesco QQQ Trust Series 1 | put | New | 15,500 | $11.4M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 43 | $91.2M | TBBK, GDOT, ENVA, RIOT, DCO |
| Q1 2026 | 45 | $76.4M | TBBK, FIP, TDW, ACA, DCO |
| Q4 2025 | 44 | $115.2M | SPY, TBBK, HBM, FIP, ACA |
| Q3 2025 | 43 | $75.8M | TBBK, HBM, FIP, AX, ACA |
| Q2 2025 | 39 | $90.4M | SPY, TBBK, FIP, HBM, GLRE |
| Q1 2025 | 40 | $146.2M | TBBK, ENVA, CASH, CRTO, FIP |
| Q4 2024 | 57 | $253.7M | ENVA, TBBK, CRTO, FTAI INFRASTRUCTURE INC COMMON STOCK, REVOLVE GROUP INC CL A |
| Q3 2024 | 57 | $290.6M | TBBK, FTAI INFRASTRUCTURE INC COMMON STOCK, ENVA, CRTO, TRN |
| Q2 2024 | 43 | $331.0M | FIP, CRTO, TDW, TBBK, FTAI |
| Q1 2024 | 49 | $340.9M | CRTO, FIP, TDW, ENVA, ARCB |