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Orchard Capital Management, LLC

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13F filer, CIK 1858319, CHICAGO, IL

Orchard Capital Management, LLC reported $102,641,251 across 44 holdings for the quarter ended 2026-06-30, in a 13F-HR filed 2026-08-12. Its ten largest share positions make up 50.61% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001104659-26-094664

Period
2026-06-30
Reported value
$103M
Holdings
44
Top 10 weight
50.61%
New
6
Sold out
8

Largest buys vs the previous quarter

SecurityShares changeApprox. value
GDOTnew+409,059$5.53M
TGBnew+364,557$2.51M
DRVNnew+131,785$1.84M
TFINadded+14,812$1.13M
AEBIadded+80,538$1.01M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
ARCBexited-27,564-$2.71M
GLREexited-138,927-$2.4M
GTXreduced-51,776-$1.88M
CENTexited-44,381-$1.63M
TGBexited-223,259-$1.44M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2026

Share positions as resolved from 13F-HR 0001104659-26-094664, largest first. % of portfolio is the value over $91,227,051, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
TBBKBANCORP INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 370,235 shares; 2024Q4: 352,557 shares; 2025Q1: 211,646 shares; 2025Q2: 121,736 shares; 2025Q3: 121,736 shares; 2025Q4: 106,079 shares; 2026Q1: 120,856 shares; 2026Q2: 116,995 shares 116,995$7.33M8.03%-3,861Timeline
GDOTGREEN DOT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: 409,059 shares 409,059$5.53M6.06%newTimeline
ENVAENOVA INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 204,820 shares; 2024Q4: 193,849 shares; 2025Q1: 89,662 shares; 2025Q2: 20,663 shares; 2025Q3: 21,295 shares; 2025Q4: 21,552 shares; 2026Q1: 21,552 shares; 2026Q2: 21,824 shares 21,824$5.25M5.76%+272Timeline
RIOTRIOT PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 62,533 shares; 2025Q4: 99,701 shares; 2026Q1: 187,933 shares; 2026Q2: 189,729 shares 189,729$5.19M5.69%+1,796Timeline
DCODUCOMMUN INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: 92,012 shares; 2025Q1: 68,377 shares; 2025Q2: 27,378 shares; 2025Q3: 28,301 shares; 2025Q4: 28,907 shares; 2026Q1: 28,907 shares; 2026Q2: 23,718 shares 23,718$4.39M4.82%-5,189Timeline
ACAARCOSA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 103,002 shares; 2024Q4: 97,600 shares; 2025Q1: 73,835 shares; 2025Q2: 32,611 shares; 2025Q3: 33,539 shares; 2025Q4: 34,150 shares; 2026Q1: 34,150 shares; 2026Q2: 27,260 shares 27,260$3.96M4.34%-6,890Timeline
FIPFTAI INFRASTRUCTURE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 172,160 shares; 2024Q4: 179,055 shares; 2025Q1: 1,615,755 shares; 2025Q2: 766,784 shares; 2025Q3: 803,768 shares; 2025Q4: 815,038 shares; 2026Q1: 815,038 shares; 2026Q2: 822,351 shares 822,351$3.82M4.18%+7,313Timeline
TFINTRIUMPH FINANCIAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 33,042 shares; 2025Q3: 34,161 shares; 2025Q4: 34,821 shares; 2026Q1: 34,821 shares; 2026Q2: 49,633 shares 49,633$3.79M4.15%+14,812Timeline
GTXGARRETT MOTION INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 1,012,114 shares; 2024Q4: 955,258 shares; 2025Q1: 714,089 shares; 2025Q2: 298,732 shares; 2025Q3: 153,699 shares; 2025Q4: 152,943 shares; 2026Q1: 152,943 shares; 2026Q2: 101,167 shares 101,167$3.67M4.02%-51,776Timeline
TDWTIDEWATER INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 5,054 shares; 2024Q4: 5,299 shares; 2025Q1: 102,414 shares; 2025Q2: 45,880 shares; 2025Q3: 47,260 shares; 2025Q4: 48,166 shares; 2026Q1: 48,166 shares; 2026Q2: 48,760 shares 48,760$3.25M3.56%+594Timeline
HBMHUDBAY MINERALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 51,794 shares; 2024Q4: 52,520 shares; 2025Q1: 720,927 shares; 2025Q2: 410,823 shares; 2025Q3: 437,527 shares; 2025Q4: 285,674 shares; 2026Q1: 131,866 shares; 2026Q2: 133,607 shares 133,607$3.15M3.46%+1,741Timeline
NOANORTH AMERN CONSTR GROUP LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 20,826 shares; 2024Q4: 30,626 shares; 2025Q1: 347,957 shares; 2025Q2: 147,627 shares; 2025Q3: 152,138 shares; 2025Q4: 155,101 shares; 2026Q1: 223,913 shares; 2026Q2: 226,537 shares 226,537$3.01M3.3%+2,624Timeline
BANCBANC OF CALIFORNIA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 99,468 shares; 2024Q4: 99,854 shares; 2025Q1: 403,252 shares; 2025Q2: 171,717 shares; 2025Q3: 176,030 shares; 2025Q4: 177,885 shares; 2026Q1: 177,885 shares; 2026Q2: 147,413 shares 147,413$3.01M3.3%-30,472Timeline
AEBIAEBI SCHMIDT HLDG AGQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 151,338 shares; 2025Q4: 154,431 shares; 2026Q1: 154,431 shares; 2026Q2: 234,969 shares 234,969$2.95M3.23%+80,538Timeline
TRNTRINITY INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 332,852 shares; 2024Q4: 314,707 shares; 2025Q1: 111,886 shares; 2025Q2: 48,858 shares; 2025Q3: 75,836 shares; 2025Q4: 77,244 shares; 2026Q1: 77,244 shares; 2026Q2: 78,235 shares 78,235$2.71M2.97%+991Timeline
MYEMYERS INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 74,628 shares; 2026Q2: 75,487 shares 75,487$2.67M2.92%+859Timeline
MTUSMETALLUS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 90,618 shares; 2025Q4: 92,092 shares; 2026Q1: 134,983 shares; 2026Q2: 136,651 shares 136,651$2.55M2.8%+1,668Timeline
TGBTREKOR METALS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: 364,557 shares 364,557$2.51M2.75%newTimeline
UAMYUNITED STATES ANTIMONY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 304,623 shares; 2026Q1: 304,623 shares; 2026Q2: 307,174 shares 307,174$2.23M2.44%+2,551Timeline
GSMFERROGLOBE PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 1,626,145 shares; 2024Q4: 1,533,648 shares; 2025Q1: 1,144,520 shares; 2025Q2: 469,150 shares; 2025Q3: 484,338 shares; 2025Q4: 681,745 shares; 2026Q1: 681,745 shares; 2026Q2: 690,000 shares 690,000$2.19M2.41%+8,255Timeline
AXAXOS FINANCIAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 137,472 shares; 2024Q4: 130,157 shares; 2025Q1: 98,899 shares; 2025Q2: 37,886 shares; 2025Q3: 39,039 shares; 2025Q4: 39,674 shares; 2026Q1: 22,208 shares; 2026Q2: 22,491 shares 22,491$2.19M2.4%+283Timeline
FBRTFRANKLIN BSP RLTY TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 28,482 shares; 2024Q4: 30,304 shares; 2025Q1: 365,322 shares; 2025Q2: 153,828 shares; 2025Q3: 158,590 shares; 2025Q4: 161,719 shares; 2026Q1: 161,719 shares; 2026Q2: 267,856 shares 267,856$2.18M2.39%+106,137Timeline
NODKNI HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 314,550 shares; 2024Q4: 298,525 shares; 2025Q1: 230,626 shares; 2025Q2: 114,732 shares; 2025Q3: 118,817 shares; 2025Q4: 119,629 shares; 2026Q1: 119,629 shares; 2026Q2: 120,742 shares 120,742$1.9M2.08%+1,113Timeline
CASHPATHWARD FINANCIAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 165,081 shares; 2024Q4: 155,831 shares; 2025Q1: 116,195 shares; 2025Q2: 19,766 shares; 2025Q3: 20,331 shares; 2025Q4: 20,901 shares; 2026Q1: 20,901 shares; 2026Q2: 21,144 shares 21,144$1.84M2.02%+243Timeline
DRVNDRIVEN BRANDS HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: 131,785 shares 131,785$1.84M2.01%newTimeline
NTLAINTELLIA THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 11,986 shares; 2024Q4: 12,157 shares; 2025Q1: 185,496 shares; 2025Q2: 79,208 shares; 2025Q3: 81,598 shares; 2025Q4: 82,030 shares; 2026Q1: 82,030 shares; 2026Q2: 79,503 shares 79,503$1.35M1.47%-2,527Timeline
AESIATLAS ENERGY SOLUTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: 9,251 shares; 2025Q1: 162,222 shares; 2025Q2: 70,098 shares; 2025Q3: 72,392 shares; 2025Q4: 74,249 shares; 2026Q1: 74,249 shares; 2026Q2: 75,237 shares 75,237$1.25M1.37%+988Timeline
RVLVREVOLVE GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 20,869 shares; 2024Q4: 21,532 shares; 2025Q1: 208,209 shares; 2025Q2: 89,271 shares; 2025Q3: 91,949 shares; 2025Q4: 93,707 shares; 2026Q1: 53,246 shares; 2026Q2: 53,916 shares 53,916$1.23M1.35%+670Timeline
AZZAZZ INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 3,902 shares; 2024Q4: 3,902 shares; 2025Q1: 3,902 shares; 2025Q2: 3,902 shares; 2025Q3: 3,902 shares; 2025Q4: 3,902 shares; 2026Q1: 3,902 shares; 2026Q2: 3,902 shares 3,902$605K0.66%0Timeline
SEISOLARIS ENERGY INFRAS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 5,750 shares; 2025Q4: 5,750 shares; 2026Q1: 5,750 shares; 2026Q2: 5,750 shares 5,750$463K0.51%0Timeline
TLNTALEN ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 2,859 shares; 2024Q4: 2,859 shares; 2025Q1: 2,859 shares; 2025Q2: 2,859 shares; 2025Q3: 1,606 shares; 2025Q4: 1,606 shares; 2026Q1: 1,060 shares; 2026Q2: 1,060 shares 1,060$407K0.45%0Timeline
FELEFRANKLIN ELEC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 3,427 shares; 2024Q4: 3,427 shares; 2025Q1: 3,427 shares; 2025Q2: 3,427 shares; 2025Q3: 3,427 shares; 2025Q4: 3,427 shares; 2026Q1: 3,427 shares; 2026Q2: 3,427 shares 3,427$367K0.4%0Timeline
FSTRFOSTER L B COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 7,379 shares; 2026Q2: 7,379 shares 7,379$333K0.37%0Timeline
IDRIDAHO STRATEGIC RESOURCESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 9,956 shares; 2025Q4: 9,956 shares; 2026Q1: 9,956 shares; 2026Q2: 9,956 shares 9,956$326K0.36%0Timeline
CASYCASEYS GEN STORES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 400 shares; 2025Q3: 400 shares; 2025Q4: 400 shares; 2026Q1: 400 shares; 2026Q2: 400 shares 400$318K0.35%0Timeline
WABWABTECQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 912 shares; 2026Q2: 912 shares 912$246K0.27%0Timeline
GRBKGREEN BRICK PARTNERS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 3,000 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 3,000 shares; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: 3,000 shares 3,000$240K0.26%newTimeline
CFCF INDUSTRIES HOLDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 2,096 shares; 2026Q2: 2,096 shares 2,096$227K0.25%0Timeline
DBRGDIGITALBRIDGE GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 20,083 shares; 2024Q4: 20,708 shares; 2025Q1: 13,862 shares; 2025Q2: 13,862 shares; 2025Q3: 13,862 shares; 2025Q4: 13,862 shares; 2026Q1: 13,862 shares; 2026Q2: 13,862 shares 13,862$219K0.24%0Timeline
BANRBANNER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: 3,029 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: 3,029 shares 3,029$201K0.22%newTimeline
LANDGLADSTONE LD CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 19,695 shares; 2026Q1: 19,695 shares; 2026Q2: 19,695 shares 19,695$168K0.18%0Timeline
BOOMDMC GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 21,152 shares; 2026Q1: 21,152 shares; 2026Q2: 21,152 shares 21,152$123K0.13%0Timeline
RIGTRANSOCEAN LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 10,185 shares; 2024Q4: 10,185 shares; 2025Q1: 10,185 shares; 2025Q2: 10,185 shares; 2025Q3: 10,185 shares; 2025Q4: 10,185 shares; 2026Q1: 10,185 shares; 2026Q2: 10,185 shares 10,185$49.8K0.05%0Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
QQQINVESCO QQQ TR COMput15,500$11.4Mnew

Sold out in Q2 2026

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
SPYSTATE STR SPDR S&P 500 ETF T30,000$19.5Mput
ARCBARCBEST CORP27,564$2.71Mshares
GLREGREENLIGHT CAP RE LTD138,927$2.4Mshares
CENTCENTRAL GARDEN & PET CO44,381$1.63Mshares
TGBTASEKO MINES LTD223,259$1.44Mshares
HRTXHERON THERAPEUTICS INC680,432$544Kshares
CENTACENTRAL GARDEN & PET CO11,092$360Kshares
AKBAAKEBIA THREAPEUTICS INC53,510$74.4Kshares

How Q2 2026 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001104659-26-094664 base2026-08-12acceptance time not in the bulk data set

Filings

Every filing of this filer: 13F reports and notices, the 13D and 13G it filed or is a reporting person of, and Forms 3, 4 and 5 it reported as an owner.

FilingSubjectFiledAcceptedIngested
13F-HR 0001104659-26-094664 Quarter ended 2026-06-302026-08-12acceptance time not in the bulk data set
13F-HR 0001104659-26-060286 Quarter ended 2026-03-312026-05-13acceptance time not in the bulk data set
13F-HR 0001104659-26-014079 Quarter ended 2025-12-312026-02-12acceptance time not in the bulk data set
13F-HR 0001104659-25-110378 Quarter ended 2025-09-302025-11-12acceptance time not in the bulk data set
13F-HR 0001104659-25-077272 Quarter ended 2025-06-302025-08-13acceptance time not in the bulk data set
13F-HR 0001104659-25-049197 Quarter ended 2025-03-312025-05-15acceptance time not in the bulk data set
13F-HR 0001104659-25-013561 Quarter ended 2024-12-312025-02-14acceptance time not in the bulk data set
13F-HR 0001104659-24-117610 Quarter ended 2024-09-302024-11-13acceptance time not in the bulk data set
13F-HR 0001104659-24-088717 Quarter ended 2024-06-302024-08-13acceptance time not in the bulk data set
13F-HR 0001104659-24-061272 Quarter ended 2024-03-312024-05-15acceptance time not in the bulk data set
13F-HR 0001104659-24-023439 Quarter ended 2023-12-312024-02-14acceptance time not in the bulk data set
13F-HR 0001104659-23-117880 Quarter ended 2023-09-302023-11-14acceptance time not in the bulk data set
13F-HR/A 0001104659-23-097662 Quarter ended 2023-06-302023-09-01acceptance time not in the bulk data set
13F-HR 0001104659-23-091228 Quarter ended 2023-06-302023-08-14acceptance time not in the bulk data set
13F-HR 0001104659-23-060608 Quarter ended 2023-03-312023-05-15acceptance time not in the bulk data set
13F-HR 0001104659-23-018608 Quarter ended 2022-12-312023-02-10acceptance time not in the bulk data set
13F-HR 0001104659-22-119058 Quarter ended 2022-09-302022-11-15acceptance time not in the bulk data set
13F-HR 0001104659-22-091093 Quarter ended 2022-06-302022-08-15acceptance time not in the bulk data set
13F-HR 0001104659-22-060991 Quarter ended 2022-03-312022-05-16acceptance time not in the bulk data set
13F-HR 0001104659-22-023275 Quarter ended 2021-12-312022-02-15acceptance time not in the bulk data set
13F-HR 0001104659-21-139052 Quarter ended 2021-09-302021-11-15acceptance time not in the bulk data set
13F-HR 0001104659-21-106530 Quarter ended 2021-06-302021-08-17acceptance time not in the bulk data set
13F-HR 0001104659-21-068235 Quarter ended 2020-12-312021-05-17acceptance time not in the bulk data set
13F-HR/A 0001104659-21-068254 Quarter ended 2021-03-312021-05-17acceptance time not in the bulk data set
13F-HR 0001104659-21-065690 Quarter ended 2021-03-312021-05-13acceptance time not in the bulk data set