Orchard Capital Management, LLC — 13F Holdings & Portfolio
CIK 1858319 · latest 13F-HR filed 2026-11-13
Orchard Capital Management, LLC manages $78.0M in 13F-reported U.S. long-equity assets across 44 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are GDOT (6.45%), TBBK (6.21%), ACA (5.11%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 4 new positions and exited 3; 9 existing positions rose in reported value and 27 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
Long-equity book
Distinct positions
Filed 2026-11-13
vs 2026-06-30
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q3 26Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q2 26 → Q3 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
5 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 49.8%Cumulative share of the portfolio held in the largest N positions.
As of the firm’s regulatory filing dated Mar 26, 2026.
SIXTEENTH FLOOR
LONDON EC2N 4AG
United Kingdom
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| GENTZEL, HANS, FREDRIK Control | CHIEF OPERATING OFFICER since Apr 2023 | Less than 5% | Individual |
| GUO WONG, JIN, CHUN Control | CHIEF FINANCIAL OFFICER since Oct 2023 | Less than 5% | Individual |
| HORVATH, PAUL, DOUGLAS Control | CHIEF EXECUTIVE OFFICER since Dec 2009 | Less than 5% | Individual |
| JAMES, SIMON, DAVID Control | CHIEF COMPLIANCE OFFICER since Dec 2017 | Less than 5% | Individual |
| Michaud, Pierre, Francois Control | GENERAL COUNSEL since Oct 2008 | Less than 5% | Individual |
| ORCHARD GLOBAL SERVICES LIMITED Control | GENERAL PARTNER since Oct 2008 | 75% or more | Foreign Entity |
| WEBER, ANDREW, ADAM Control | HEAD OF STRUCTURING since Jan 2013 | Less than 5% | Individual |
| Young, John, Robert Control | CHIEF INVESTMENT OFFICER since Mar 2017 | Less than 5% | Individual |
| HORVATH, PAUL, DOUGLAS Control Indirect owner via HY STRATEGIC HOLDINGS LLC | MEMBER since Jul 2023 | 50–75% | Individual |
| HORVATH, PAUL, DOUGLAS Control Indirect owner via OGCG INTERMEDIATE HOLDINGS LLC | CLASS A MEMBER since Jul 2023 | 25–50% | Individual |
| HY STRATEGIC HOLDINGS LLC Control Indirect owner via OGCG INTERMEDIATE HOLDINGS LLC | MANAGER since Jul 2023 | General partner, trustee or manager | Domestic Entity |
| OGCG INTERMEDIATE HOLDINGS LLC Control Indirect owner via ORCHARD GLOBAL CAPITAL GROUP INC. | SHAREHOLDER since Sep 2023 | 75% or more | Domestic Entity |
| OGCG OVERSEAS HOLDINGS LLC Control Indirect owner via ORCHARD GLOBAL SERVICES LIMITED | SHAREHOLDER since Sep 2023 | 75% or more | Domestic Entity |
| OGCG US HOLDINGS LLC Control Indirect owner via OGCG OVERSEAS HOLDINGS LLC | MEMBER since Sep 2023 | 75% or more | Domestic Entity |
| ORCHARD GLOBAL CAPITAL GROUP INC. Control Indirect owner via OGCG US HOLDINGS LLC | MEMBER since Sep 2023 | 75% or more | Domestic Entity |
| Young, John, Robert Control Indirect owner via HY STRATEGIC HOLDINGS LLC | MEMBER since Jul 2023 | 25–50% | Individual |
| Young, John, Robert Control Indirect owner via OGCG INTERMEDIATE HOLDINGS LLC | CLASS A MEMBER since Jul 2023 | 25–50% | Individual |
Ownership & leadership changes · 15 filings with changes since Mar 16, 2017
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
- No longer listedBERGERON, MARC, NMN · PRESIDENT · Less than 5% · control person · listed since Dec 2017
- No longer listedBURKE, DAVID, ADAM · HEAD OF DISTRIBUTION · Less than 5% · control person · listed since Mar 2022
- No longer listedDALTON VENTURE INVESTMENT LIMITED · SHAREHOLDER · 75% or more · indirect via SANTA FE GROUP INC. · control person · listed since Oct 2014
- No longer listedLevens, Patrick, Tobin · CHIEF FINANCIAL OFFICER · Less than 5% · control person · listed since May 2021
- No longer listedOGCG INTERMEDIATE HOLDINGS LLC · SHAREHOLDER · 75% or more · indirect via DALTON VENTURE INVESTMENT LIMITED · control person · listed since Jul 2023
- No longer listedORCHARD GLOBAL CAPITAL GROUP (S) PTE LTD · SHAREHOLDER · 75% or more · indirect via ORCHARD GLOBAL SERVICES LIMITED · control person · listed since Oct 2008
- No longer listedSANTA FE GROUP INC. · SHAREHOLDER · 75% or more · indirect via ORCHARD GLOBAL CAPITAL GROUP (S) PTE LTD · control person · listed since Jan 2021
- AddedGUO WONG, JIN, CHUN · CHIEF FINANCIAL OFFICER · Less than 5% · control person
- AddedOGCG INTERMEDIATE HOLDINGS LLC · SHAREHOLDER · 75% or more · indirect via ORCHARD GLOBAL CAPITAL GROUP INC. · control person
- AddedOGCG OVERSEAS HOLDINGS LLC · SHAREHOLDER · 75% or more · indirect via ORCHARD GLOBAL SERVICES LIMITED · control person
- AddedOGCG US HOLDINGS LLC · MEMBER · 75% or more · indirect via OGCG OVERSEAS HOLDINGS LLC · control person
- AddedORCHARD GLOBAL CAPITAL GROUP INC. · MEMBER · 75% or more · indirect via OGCG US HOLDINGS LLC · control person
- ChangedHORVATH, PAUL, DOUGLAS · title CHIEF EXECUTIVE OFFICER/LIMITED PARTNER → CHIEF EXECUTIVE OFFICER
- ChangedWEBER, ANDREW, ADAM · title HEAD OF STRUCTURING/LIMITED PARTNER → HEAD OF STRUCTURING
- ChangedYoung, John, Robert · title CHIEF INVESTMENT OFFICER/LIMITED PARTNER → CHIEF INVESTMENT OFFICER
- No longer listedHORVATH, PAUL, DOUGLAS · SHAREHOLDER · 75% or more · indirect via DALTON VENTURE INVESTMENT LIMITED · control person · listed since Oct 2014
- AddedHORVATH, PAUL, DOUGLAS · MEMBER · 50–75% · indirect via HY STRATEGIC HOLDINGS LLC · control person
- AddedHORVATH, PAUL, DOUGLAS · CLASS A MEMBER · 25–50% · indirect via OGCG INTERMEDIATE HOLDINGS LLC · control person
- AddedHY STRATEGIC HOLDINGS LLC · MANAGER · General partner, trustee or manager · indirect via OGCG INTERMEDIATE HOLDINGS LLC · control person
- AddedOGCG INTERMEDIATE HOLDINGS LLC · SHAREHOLDER · 75% or more · indirect via DALTON VENTURE INVESTMENT LIMITED · control person
- AddedYoung, John, Robert · MEMBER · 25–50% · indirect via HY STRATEGIC HOLDINGS LLC · control person
- AddedYoung, John, Robert · CLASS A MEMBER · 25–50% · indirect via OGCG INTERMEDIATE HOLDINGS LLC · control person
- AddedGENTZEL, HANS, FREDRIK · CHIEF OPERATING OFFICER · Less than 5% · control person
- ChangedWEBER, ANDREW, ADAM · title LIMITED PARTNER → HEAD OF STRUCTURING/LIMITED PARTNER
- ChangedYoung, John, Robert · title LIMITED PARTNER → CHIEF INVESTMENT OFFICER/LIMITED PARTNER
- No longer listedHY NEWCO LLC · SHAREHOLDER · 75% or more · indirect via OGCG HOLDINGS LLC · control person · listed since Jan 2021
- No longer listedOGCG HOLDINGS LLC · SHAREHOLDER · 75% or more · indirect via ORCHARD GLOBAL CAPITAL GROUP (S) PTE LTD · control person · listed since Jan 2021
- No longer listedSANTA FE GROUP INC. · SHAREHOLDER · 75% or more · indirect via HY NEWCO LLC · control person · listed since Jan 2021
- No longer listedSCANLON, OLIVIA, NMN · CHIEF OPERATING OFFICER · Less than 5% · control person · listed since Dec 2017
- Listed againSANTA FE GROUP INC. · SHAREHOLDER · 75% or more · indirect via ORCHARD GLOBAL CAPITAL GROUP (S) PTE LTD · control person
- AddedBURKE, DAVID, ADAM · HEAD OF DISTRIBUTION · Less than 5% · control person
- No longer listedRuthard, Michael, Joseph · CHIEF FINANCIAL OFFICER · Less than 5% · control person · listed since Oct 2008
- AddedLevens, Patrick, Tobin · CHIEF FINANCIAL OFFICER · Less than 5% · control person
- ChangedHORVATH, PAUL, DOUGLAS · title CHIEF EXECUTIVE OFFICER/PARTNER → CHIEF EXECUTIVE OFFICER/LIMITED PARTNER
- ChangedORCHARD GLOBAL SERVICES LIMITED · title PARTNER → GENERAL PARTNER
- ChangedWEBER, ANDREW, ADAM · title PARTNER → LIMITED PARTNER
- ChangedYoung, John, Robert · title PARTNER → LIMITED PARTNER
- ChangedMichaud, Pierre, Francois · title CHIEF LEGAL OFFICER → GENERAL COUNSEL
Older changes (6 more filings)
- No longer listedORCHARD GLOBAL CAPITAL GROUP (S) PTE LTD · SHAREHOLDER · 75% or more · indirect via ORCHARD GLOBAL SERVICES LTD · control person · listed since Oct 2008
- No longer listedSANTA FE GROUP INC. · SHAREHOLDER · 75% or more · indirect via ORCHARD GLOBAL CAPITAL GROUP (S) PTE LTD · control person · listed since Oct 2014
- AddedHY NEWCO LLC · SHAREHOLDER · 75% or more · indirect via OGCG HOLDINGS LLC · control person
- AddedOGCG HOLDINGS LLC · SHAREHOLDER · 75% or more · indirect via ORCHARD GLOBAL CAPITAL GROUP (S) PTE LTD · control person
- AddedORCHARD GLOBAL CAPITAL GROUP (S) PTE LTD · SHAREHOLDER · 75% or more · indirect via ORCHARD GLOBAL SERVICES LIMITED · control person
- AddedSANTA FE GROUP INC. · SHAREHOLDER · 75% or more · indirect via HY NEWCO LLC · control person
- AddedSCANLON, OLIVIA, NMN · CHIEF OPERATING OFFICER · Less than 5% · control person
- ChangedBERGERON, MARC, NMN · title CHIEF OPERATING OFFICER → PRESIDENT
- AddedJAMES, SIMON, DAVID · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- ChangedBERGERON, MARC, NMN · title CHIEF COMPLIANCE OFFICER AND CHIEF OPERATING OFFICER → CHIEF OPERATING OFFICER
- ChangedHORVATH, PAUL, DOUGLAS · indirect via DALTON VENTURE INVESTMENT LIMITED: title SHAREHOLDER (PAUL AND CECILE HORVATH, JOINTLY) → SHAREHOLDER
- No longer listedWEE, GARY · SHAREHOLDER · 75% or more · indirect via WOHI LTD · control person · listed since Oct 2008
- No longer listedWOHI LTD. · SHAREHOLDER · 50–75% · indirect via SANTA FE GROUP INC. · control person · listed since Oct 2008
- ChangedDALTON VENTURE INVESTMENT LIMITED · indirect via SANTA FE GROUP INC.: ownership 50–75% → 75% or more
- ChangedSANTA FE GROUP INC. · indirect via ORCHARD GLOBAL CAPITAL GROUP (S) PTE LTD: ownership 50–75% → 75% or more
- ChangedMichaud, Pierre, Francois · title CHIEF LEARNING OFFICER → CHIEF LEGAL OFFICER
- ListedBERGERON, MARC, NMN · CHIEF COMPLIANCE OFFICER AND CHIEF OPERATING OFFICER · Less than 5% · control person
- ListedDALTON VENTURE INVESTMENT LIMITED · SHAREHOLDER · 50–75% · indirect via SANTA FE GROUP INC. · control person
- ListedHORVATH, PAUL, DOUGLAS · CHIEF EXECUTIVE OFFICER/PARTNER · Less than 5% · control person
- ListedHORVATH, PAUL, DOUGLAS · SHAREHOLDER (PAUL AND CECILE HORVATH, JOINTLY) · 75% or more · indirect via DALTON VENTURE INVESTMENT LIMITED · control person
- ListedMichaud, Pierre, Francois · CHIEF LEARNING OFFICER · Less than 5% · control person
- ListedORCHARD GLOBAL CAPITAL GROUP (S) PTE LTD · SHAREHOLDER · 75% or more · indirect via ORCHARD GLOBAL SERVICES LTD · control person
- ListedORCHARD GLOBAL SERVICES LIMITED · PARTNER · 75% or more · control person
- ListedRuthard, Michael, Joseph · CHIEF FINANCIAL OFFICER · Less than 5% · control person
- ListedSANTA FE GROUP INC. · SHAREHOLDER · 50–75% · indirect via ORCHARD GLOBAL CAPITAL GROUP (S) PTE LTD · control person
- ListedWEBER, ANDREW, ADAM · PARTNER · Less than 5% · control person
- ListedWEE, GARY · SHAREHOLDER · 75% or more · indirect via WOHI LTD · control person
- ListedWOHI LTD. · SHAREHOLDER · 50–75% · indirect via SANTA FE GROUP INC. · control person
- ListedYoung, John, Robert · PARTNER · Less than 5% · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- FERROGLOBE PLC$1.6M +72.7%
- TREKOR METALS LTD$740.1K +29.5%
- TIDEWATER INC NEW$705.6K +21.7%
- HUDBAY MINERALS INC$410.2K +13.0%
- FRANKLIN BSP RLTY TR INC$232.4K +10.7%
Top Trims
- DUCOMMUN INC DEL-$2.9M -66.3%
- BANCORP INC DEL-$2.5M -34.0%
- ENOVA INTL INC-$1.7M -31.7%
- UNITED STATES ANTIMONY CORP-$1.5M -69.5%
- FTAI INFRASTRUCTURE INC-$1.5M -40.5%
New Positions
- ALBANY INTL CORP$2.5M
- MICRON TECHNOLOGY INC$319.5K
- 5E ADVANCED MATERIALS INC$137.3K
- LESLIES INC$45.6K
Exited Positions
- SOLARIS ENERGY INFRAS INC$462.6K
- GREEN BRICK PARTNERS INC$240.1K
- DIGITALBRIDGE GROUP INC$218.7K
Orchard Capital Management, LLC Holdings (2026-09-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | GREEN DOT CORP | GDOT | 39304D102 | $5.0M | 6.45% | 409,059 | SH |
| 2 | BANCORP INC DEL | TBBK | 05969A105 | $4.8M | 6.21% | 100,493 | SH |
| 3 | ARCOSA INC | ACA | 039653100 | $4.0M | 5.11% | 27,260 | SH |
| 4 | TIDEWATER INC NEW | TDW | 88642R109 | $4.0M | 5.07% | 48,760 | SH |
| 5 | RIOT PLATFORMS INC | RIOT | 767292105 | $3.8M | 4.90% | 189,729 | SH |
| 6 | FERROGLOBE PLC | GSM | G33856108 | $3.8M | 4.86% | 953,083 | SH |
| 7 | ENOVA INTL INC | ENVA | 29357K103 | $3.6M | 4.60% | 21,478 | SH |
| 8 | HUDBAY MINERALS INC | HBM | 443628102 | $3.6M | 4.57% | 133,607 | SH |
| 9 | TREKOR METALS LTD | TGB | 89472Y107 | $3.2M | 4.17% | 364,557 | SH |
| 10 | TRIUMPH FINANCIAL INC | TFIN | 89679E300 | $3.0M | 3.82% | 49,633 | SH |
| 11 | NORTH AMERN CONSTR GROUP LTD | NOA | 656811106 | $2.7M | 3.49% | 226,537 | SH |
| 12 | GARRETT MOTION INC | GTX | 366505105 | $2.6M | 3.38% | 101,167 | SH |
| 13 | METALLUS INC | MTUS | 887399103 | $2.6M | 3.33% | 136,651 | SH |
| 14 | BANC OF CALIFORNIA INC | BANC | 05990K106 | $2.5M | 3.26% | 147,413 | SH |
| 15 | AEBI SCHMIDT HLDG AG | AEBI | H00501108 | $2.5M | 3.19% | 234,969 | SH |
| 16 | ALBANY INTL CORP | AIN | 012348108 | $2.5M | 3.14% | 41,143 | SH |
| 17 | FRANKLIN BSP RLTY TR INC | FBRT | 35243J101 | $2.4M | 3.09% | 377,582 | SH |
| 18 | MYERS INDS INC | MYE | 628464109 | $2.3M | 2.98% | 75,487 | SH |
| 19 | FTAI INFRASTRUCTURE INC | FIP | 35953C106 | $2.3M | 2.91% | 822,351 | SH |
| 20 | TRINITY INDS INC | TRN | 896522109 | $2.0M | 2.56% | 78,235 | SH |
| 21 | AXOS FINANCIAL INC | AX | 05465C100 | $1.9M | 2.50% | 22,491 | SH |
| 22 | NI HLDGS INC | NODK | 65342T106 | $1.8M | 2.31% | 120,742 | SH |
| 23 | DRIVEN BRANDS HLDGS INC | DRVN | 26210V102 | $1.6M | 2.00% | 131,785 | SH |
| 24 | PATHWARD FINANCIAL INC | CASH | 59100U108 | $1.5M | 1.93% | 21,144 | SH |
| 25 | DUCOMMUN INC DEL | DCO | 264147109 | $1.5M | 1.90% | 8,641 | SH |
| 26 | REVOLVE GROUP INC | RVLV | 76156B107 | $1.2M | 1.47% | 53,916 | SH |
| 27 | ATLAS ENERGY SOLUTIONS INC | AESI | 642045108 | $903.6K | 1.16% | 75,237 | SH |
| 28 | UNITED STATES ANTIMONY CORP | UAMY | 911549103 | $680.8K | 0.87% | 163,256 | SH |
| 29 | AZZ INC | AZZ | 002474104 | $524.4K | 0.67% | 3,902 | SH |
| 30 | TALEN ENERGY CORP | TLN | 87422Q109 | $331.5K | 0.43% | 1,060 | SH |
| 31 | FRANKLIN ELEC INC | FELE | 353514102 | $328.6K | 0.42% | 3,427 | SH |
| 32 | MICRON TECHNOLOGY INC | MU | 595112103 | $319.5K | 0.41% | 300 | SH |
| 33 | IDAHO STRATEGIC RESOURCES | IDR | 645827205 | $278.8K | 0.36% | 9,956 | SH |
| 34 | FOSTER L B CO | FSTR | 350060109 | $266.2K | 0.34% | 7,379 | SH |
| 35 | WABTEC | WAB | 929740108 | $261.9K | 0.34% | 912 | SH |
| 36 | CASEYS GEN STORES INC | CASY | 147528103 | $243.4K | 0.31% | 400 | SH |
| 37 | CF INDUSTRIES HOLD | CF | 125269100 | $241.5K | 0.31% | 2,096 | SH |
| 38 | BANNER CORP | BANR | 06652V208 | $202.9K | 0.26% | 3,029 | SH |
| 39 | GLADSTONE LD CORP | LAND | 376549101 | $186.3K | 0.24% | 19,695 | SH |
| 40 | INTELLIA THERAPEUTICS INC | NTLA | 45826J105 | $184.7K | 0.24% | 15,313 | SH |
| 41 | 5E ADVANCED MATERIALS INC | FEAM | 33830Q208 | $137.3K | 0.18% | 40,743 | SH |
| 42 | DMC GLOBAL INC | BOOM | 23291C103 | $118.0K | 0.15% | 21,152 | SH |
| 43 | TRANSOCEAN LTD | RIG | H8817H100 | $53.4K | 0.07% | 10,185 | SH |
| 44 | LESLIES INC | LESL | 527064208 | $45.6K | 0.06% | 284,777 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-13 | $78.0M | 44 | 0001104659-26-126664 |
| 2026-06-30 | 2026-08-12 | $102.6M | 44 | 0001104659-26-094664 |
| 2026-03-31 | 2026-05-13 | $95.9M | 46 | 0001104659-26-060286 |
| 2025-12-31 | 2026-02-12 | $115.2M | 44 | 0001104659-26-014079 |
| 2025-09-30 | 2025-11-12 | $115.7M | 44 | 0001104659-25-110378 |
#5701
CHICAGO, IL 60602