Orchard Capital Management, LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 13, 2024), Orchard Capital Management, LLC reported 43 stock positions worth $331.0 million. Its top holding was Ftai Infrastructure (FIP) at 6.4% of the portfolio, followed by Criteo SA-Spon (CRTO, 5.2%) and Tidewater (TDW, 4.8%). Compared with Q1 2024, it sold out of 6 and reduced 37. The biggest sale was an exit from Enhabit (EHAB).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001858319
- Portfolio Value
- $331.0M (Q2 2024)
- SEC Filing
- 0001104659-24-088717 ↗ filed Aug 13, 2024
Holdings Value
Holdings 43 stocks · $331.0M
| FIP Ftai Infrastructure Inc. | 6.44% | 2,471,786 | $21.3M | Reduce -1.2% |
| CRTO Criteo SA-Spon | 5.17% | 453,896 | $17.1M | Reduce -1.4% |
| TDW Tidewater Inc. | 4.78% | 166,146 | $15.8M | Reduce -1.4% |
| TBBK The Bancorp Inc. | 4.73% | 414,301 | $15.6M | Reduce -1.2% |
| FTAI Ftai Aviation Ltd. | 4.53% | 145,260 | $15.0M | Reduce -3.8% |
| ENVA Enova International Inc. | 4.37% | 232,326 | $14.5M | Reduce -1.3% |
| EHC Encompass Health Corp. | 3.71% | 143,105 | $12.3M | Reduce -1.1% |
| GLRE Greenlight Capital Re Ltd. Class A | 3.53% | 891,366 | $11.7M | Reduce -1.2% |
| TRN Trinity Industries Inc. | 3.42% | 378,148 | $11.3M | Reduce -1.3% |
| VSTO Vista Outdoor Inc. | 3.37% | 296,330 | $11.2M | Reduce -1.3% |
| ARCB Arcbest Corp. | 3.29% | 101,820 | $10.9M | Reduce -1.4% |
| CASH Pathward Financial Inc. | 3.20% | 187,463 | $10.6M | Reduce -1.3% |
| TRS Trimas Corp. | 3.19% | 413,128 | $10.6M | Reduce -1.4% |
| HBM Hudbay Minerals Inc. | 3.08% | 1,126,332 | $10.2M | Reduce -1.4% |
| IDT Idt Corp. Class B | 3.06% | 282,466 | $10.1M | Reduce -1.1% |
| GTX Garrett Motion Inc. | 2.99% | 1,151,474 | $9.9M | Reduce -1.4% |
| GSM Ferroglobe PLC | 2.98% | 1,839,787 | $9.9M | Reduce -1.3% |
| ACA Arcosa Inc. | 2.95% | 116,953 | $9.8M | Reduce -1.2% |
| MWA Mueller Water Products Inc. Class A | 2.70% | 499,462 | $9.0M | Reduce -1.3% |
| AX Axos Financial Inc. | 2.68% | 155,519 | $8.9M | Reduce -1.3% |
| HRTX Heron Therapeutics Inc. | 2.37% | 2,243,426 | $7.9M | Reduce -1.3% |
| FBRT Franklin BSP Realty Trust Inc. | 2.22% | 582,132 | $7.3M | Reduce -1.2% |
| RVLV Revolve Group Inc. Class A | 2.09% | 434,189 | $6.9M | Reduce -1.3% |
| SUM Summit Materials Inc. Class A | 2.03% | 183,214 | $6.7M | Reduce -1.4% |
| CENT Central Garden & Pet Co. | 1.97% | 169,107 | $6.5M | Reduce -1.3% |
| BANC Banc of California Inc. | 1.97% | 509,181 | $6.5M | Reduce -1.1% |
| SHYF The Shyft Group Inc. | 1.97% | 548,643 | $6.5M | Reduce -1.3% |
| ETNB 89BIO Inc. | 1.79% | 739,208 | $5.9M | Reduce -1.4% |
| DBRG Digitalbridge Group Inc. | 1.74% | 421,060 | $5.8M | Reduce -1.3% |
| NODK Ni Holdings Inc. filed as NI HLDGS INC | 1.56% | 337,437 | $5.2M | Reduce -1.7% |
| OABI Omniab Inc. | 1.54% | 1,358,028 | $5.1M | Reduce -1.1% |
| NTLA Intellia Therapeutics Inc. | 1.15% | 170,006 | $3.8M | Reduce -1.3% |
| CNTY Century Casinos Inc. | 1.09% | 1,299,865 | $3.6M | Reduce -1.3% |
| BSM Black Stone Minerals LP | 0.90% | 191,156 | $3.0M | Reduce -2.2% |
| VBNK Versabank | 0.61% | 188,192 | $2.0M | Reduce -4.0% |
| CENTA Central Garden and Pet Co. Class A | 0.42% | 42,274 | $1.4M | Reduce -1.3% |
| FELE Franklin Electric Co. Inc. | 0.12% | 4,242 | $409K | No change |
| AZZ Azz Inc. | 0.11% | 4,651 | $359K | No change |
| AWI Armstrong World Industries | 0.06% | 1,816 | $206K | No change |
| PBPB Potbelly Corp. | 0.05% | 20,888 | $168K | No change |
| RIG Transocean Ltd. | 0.03% | 17,240 | $92K | No change |
| AKBA Akebia Therapeutics Inc. | 0.03% | 86,826 | $89K | Reduce -19.9% |
| PHLT Performant Healthcare Inc. | 0.02% | 20,000 | $58K | No change |
Portfolio Sells Q1 2024 → Q2 2024
| EHAB Enhabit Inc. | Sold out | 0.00% | −2.08 |
| ARCB Arcbest Corp. | Reduce -1.4% | 3.29% | −1.02 |
| ETNB 89BIO Inc. | Reduce -1.4% | 1.79% | −0.77 |
| DBRG Digitalbridge Group Inc. | Reduce -1.3% | 1.74% | −0.67 |
| RVLV Revolve Group Inc. Class A | Reduce -1.3% | 2.09% | −0.65 |
| OABI Omniab Inc. | Reduce -1.1% | 1.54% | −0.65 |
| GTX Garrett Motion Inc. | Reduce -1.4% | 2.99% | −0.42 |
| SUM Summit Materials Inc. Class A | Reduce -1.4% | 2.03% | −0.40 |
| BANC Banc of California Inc. | Reduce -1.1% | 1.97% | −0.33 |
| NTLA Intellia Therapeutics Inc. | Reduce -1.3% | 1.15% | −0.24 |
| CENT Central Garden & Pet Co. | Reduce -1.3% | 1.97% | −0.18 |
| CNTY Century Casinos Inc. | Reduce -1.3% | 1.09% | −0.13 |
| IDT Idt Corp. Class B | Reduce -1.1% | 3.06% | −0.10 |
| TRS Trimas Corp. | Reduce -1.4% | 3.19% | −0.09 |
| FBRT Franklin BSP Realty Trust Inc. | Reduce -1.2% | 2.22% | −0.09 |
| FSTR Foster (lb) Co. Class A | Sold out | 0.00% | −0.07 |
| CF CF Industries Holdings Inc. | Sold out | 0.00% | −0.07 |
| LECO Lincoln Electric Holdings | Sold out | 0.00% | −0.06 |
| SXT Sensient Technologies Corp. | Sold out | 0.00% | −0.06 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −0.06 |
| SHYF The Shyft Group Inc. | Reduce -1.3% | 1.97% | −0.06 |
| CENTA Central Garden and Pet Co. Class A | Reduce -1.3% | 0.42% | −0.04 |
| ACA Arcosa Inc. | Reduce -1.2% | 2.95% | −0.03 |
| AKBA Akebia Therapeutics Inc. | Reduce -19.9% | 0.03% | −0.03 |
| BSM Black Stone Minerals LP | Reduce -2.2% | 0.90% | −0.01 |
| VBNK Versabank | Reduce -4.0% | 0.61% | +0.00 |
| ENVA Enova International Inc. | Reduce -1.3% | 4.37% | +0.03 |
| NODK Ni Holdings Inc. | Reduce -1.7% | 1.56% | +0.03 |
| AX Axos Financial Inc. | Reduce -1.3% | 2.68% | +0.19 |
| EHC Encompass Health Corp. | Reduce -1.1% | 3.71% | +0.20 |
| GLRE Greenlight Capital Re Ltd. Class A | Reduce -1.2% | 3.53% | +0.23 |
| TDW Tidewater Inc. | Reduce -1.4% | 4.78% | +0.23 |
| GSM Ferroglobe PLC | Reduce -1.3% | 2.98% | +0.26 |
| TRN Trinity Industries Inc. | Reduce -1.3% | 3.42% | +0.29 |
| MWA Mueller Water Products Inc. Class A | Reduce -1.3% | 2.70% | +0.32 |
| CASH Pathward Financial Inc. | Reduce -1.3% | 3.20% | +0.39 |
| CRTO Criteo SA-Spon | Reduce -1.4% | 5.17% | +0.44 |
| VSTO Vista Outdoor Inc. | Reduce -1.3% | 3.37% | +0.48 |
| HRTX Heron Therapeutics Inc. | Reduce -1.3% | 2.37% | +0.53 |
| TBBK The Bancorp Inc. | Reduce -1.2% | 4.73% | +0.61 |
| HBM Hudbay Minerals Inc. | Reduce -1.4% | 3.08% | +0.73 |
| FTAI Ftai Aviation Ltd. | Reduce -3.8% | 4.53% | +1.55 |
| FIP Ftai Infrastructure Inc. | Reduce -1.2% | 6.44% | +1.84 |
Portfolio Buys Q1 2024 → Q2 2024
| None this quarter. | |||
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 |