Orchard Capital Management, LLC
Annual return '25
+19.7%
SPY '25
+17.7%
Alpha
+2.0ptsvs SPY
Invested
$95.9M
Holdings
46
Trades YTD
0
Performance · Fund vs SPY
Cumulative return · quarterly snapshotsCoverage 99%. 4 quarters of 2025 measured against SPY adj-close benchmark.
Top holdings · current snapshot
Source: 13F-HR01
$SPY
STATE STR SPDR S&P 500 ETF T
Q1 2026: Exited (was 60.0k shares)
20.3%
02
$TBBK
BANCORP INC DEL
Q1 2026: Exited (was 106.1k shares)
6.8%
03
$FIP
FTAI INFRASTRUCTURE INC
Q1 2026: Exited (was 815.0k shares)
4.2%
04
$TDW
TIDEWATER INC NEW
Q1 2026: Exited (was 48.2k shares)
4.2%
05
$ACA
ARCOSA INC
Q1 2026: Exited (was 34.2k shares)
3.8%
06
$DCO
DUCOMMUN INC DEL
Q1 2026: Exited (was 28.9k shares)
3.7%
07
$BANC
BANC OF CALIFORNIA INC
Q1 2026: Exited (was 177.9k shares)
3.3%
08
$NOA
NORTH AMERN CONSTR GROUP LTD
Q1 2026: Exited (was 155.1k shares)
3.1%
09
$ENVA
ENOVA INTL INC
Q1 2026: Exited (was 21.6k shares)
3.1%
10
$GSM
FERROGLOBE PLC
Q1 2026: Exited (was 681.7k shares)
2.9%
Recent trades · Last 90 days
No Form 4 / 13D / 13G trade events on file in the recent window. 13F filers report position snapshots quarterly rather than per-trade events, so this section is most useful for managers who also file Form 4 or 13D/G.
Convergence · Pattern Engine ships in v1.1
30-day windowIn development
Convergence participation lands with the Pattern Engine.
Once the Pattern Engine ships, this section will list every active convergence event this fund is named in — with the other named funds, the Congress members on the same name, and combined position size.
Source data: SEC EDGAR · 13F-HR filings · Performance through 2025-12-31 · Last refreshed 13:17 UTC.