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.

Loading holdings…
AUM
$78.0M

Long-equity book

Holdings
44

Distinct positions

Period
2026-09-30

Filed 2026-11-13

Q/Q Activity
+4 / −3 / ↑9 / ↓27

vs 2026-06-30

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q3 26

Box 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 value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q2 26 → Q3 26

Estimated 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 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The 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.

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 26, 2026.

Assets Under Management
$11.28B
Discretionary
$9.07B
Employees
60
Accounts
38
Address
100 BISHOPSGATE
SIXTEENTH FLOOR
LONDON EC2N 4AG
United Kingdom
Phone
44 207 060 0088
Name Title / Status Ownership Type
GENTZEL, HANS, FREDRIK ControlCHIEF OPERATING OFFICER
since Apr 2023
Less than 5%Individual
GUO WONG, JIN, CHUN ControlCHIEF FINANCIAL OFFICER
since Oct 2023
Less than 5%Individual
HORVATH, PAUL, DOUGLAS ControlCHIEF EXECUTIVE OFFICER
since Dec 2009
Less than 5%Individual
JAMES, SIMON, DAVID ControlCHIEF COMPLIANCE OFFICER
since Dec 2017
Less than 5%Individual
Michaud, Pierre, Francois ControlGENERAL COUNSEL
since Oct 2008
Less than 5%Individual
ORCHARD GLOBAL SERVICES LIMITED ControlGENERAL PARTNER
since Oct 2008
75% or moreForeign Entity
WEBER, ANDREW, ADAM ControlHEAD OF STRUCTURING
since Jan 2013
Less than 5%Individual
Young, John, Robert ControlCHIEF 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 managerDomestic Entity
OGCG INTERMEDIATE HOLDINGS LLC Control
Indirect owner via ORCHARD GLOBAL CAPITAL GROUP INC.
SHAREHOLDER
since Sep 2023
75% or moreDomestic Entity
OGCG OVERSEAS HOLDINGS LLC Control
Indirect owner via ORCHARD GLOBAL SERVICES LIMITED
SHAREHOLDER
since Sep 2023
75% or moreDomestic Entity
OGCG US HOLDINGS LLC Control
Indirect owner via OGCG OVERSEAS HOLDINGS LLC
MEMBER
since Sep 2023
75% or moreDomestic Entity
ORCHARD GLOBAL CAPITAL GROUP INC. Control
Indirect owner via OGCG US HOLDINGS LLC
MEMBER
since Sep 2023
75% or moreDomestic 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.

Oct 15, 2025 filing
  • No longer listedBERGERON, MARC, NMN · PRESIDENT · Less than 5% · control person · listed since Dec 2017
Jul 11, 2024 filing
  • No longer listedBURKE, DAVID, ADAM · HEAD OF DISTRIBUTION · Less than 5% · control person · listed since Mar 2022
Oct 25, 2023 filing
  • 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
Jul 28, 2023 filing
  • 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
May 5, 2023 filing
  • 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
Mar 31, 2023 filing
  • 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
Mar 31, 2022 filing
  • AddedBURKE, DAVID, ADAM · HEAD OF DISTRIBUTION · Less than 5% · control person
Jun 15, 2021 filing
  • 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
May 5, 2021 filing
  • 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
Mar 31, 2021 filing
  • ChangedMichaud, Pierre, Francois · title CHIEF LEGAL OFFICER → GENERAL COUNSEL
Older changes (6 more filings)
Jan 29, 2021 filing
  • 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
Feb 26, 2018 filing
  • AddedSCANLON, OLIVIA, NMN · CHIEF OPERATING OFFICER · Less than 5% · control person
  • ChangedBERGERON, MARC, NMN · title CHIEF OPERATING OFFICER → PRESIDENT
Jan 3, 2018 filing
  • 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
Jun 20, 2017 filing
  • 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
Apr 3, 2017 filing
  • ChangedMichaud, Pierre, Francois · title CHIEF LEARNING OFFICER → CHIEF LEGAL OFFICER
Mar 16, 2017 filing (earliest on record)
  • 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.

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
Filing History
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
Filer Information
Address
130 N GARLAND CT
#5701
CHICAGO, IL 60602
Phone
(312) 628-6700
Filing Manager
Orchard Capital Management, LLC
CHICAGO, IL
Signatory
Blake Harper
Managing Member