Orchard Capital Management, LLC Q4 2025 Filing

Filed February 12, 2026

Portfolio Value

$115.2B

Holdings

44

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (44 positions)

#StockSharesValue% PortfolioType
1
SPYSPDR S&P 500 ETF TR
60,000$40.9B35.51%
2
TBBKBANCORP INC DEL
106,079$7.2B6.22%
3
HBMHUDBAY MINERALS INC
285,674$5.7B4.92%
4
FIPFTAI INFRASTRUCTURE INC
815,038$3.8B3.26%
5
ACAARCOSA INC
34,150$3.6B3.15%
6
BANCBANC OF CALIFORNIA INC
177,885$3.4B2.98%
7
BB4AXOS FINANCIAL INC
39,674$3.4B2.97%
8
ENVAENOVA INTL INC
21,552$3.4B2.94%
9
GSMFERROGLOBE PLC
681,745$3.2B2.75%
10
RVLVREVOLVE GROUP INC
93,707$2.8B2.46%
11
DCODUCOMMUN INC DEL
28,907$2.7B2.39%
12
GTXGARRETT MOTION INC
152,943$2.7B2.31%
13
TDWTIDEWATER INC NEW
48,166$2.4B2.11%
14
NOANORTH AMERN CONSTR GROUP LTD
155,101$2.2B1.93%
15
TFINTRIUMPH FINANCIAL INC
34,821$2.2B1.89%
16
ARCBARCBEST CORP
27,564$2.0B1.77%
17
TRNTRINITY INDS INC
77,244$2.0B1.77%
18
GLREGREENLIGHT CAPITAL RE LTD
138,927$2.0B1.76%
19
AEBIAEBI SCHMIDT HLDG AG
154,431$2.0B1.70%
20
FBRTFRANKLIN BSP RLTY TR INC
161,719$1.6B1.41%
21
NODKNI HLDGS INC
119,629$1.6B1.38%
22
MTUSMETALLUS INC
92,092$1.6B1.37%
23
USOUNITED STATES ANTIMONY CORP
304,623$1.5B1.33%
24
CASHPATHWARD FINANCIAL INC
20,901$1.5B1.29%
25
CENTCENTRAL GARDEN & PET CO
44,381$1.4B1.24%
26
RIOTRIOT PLATFORMS INC
99,701$1.3B1.10%
27
CRTOCRITEO S A
57,293$1.2B1.02%
28
HRTXHERON THERAPEUTICS INC
680,432$884.0M0.77%
29
NTLAINTELLIA THERAPEUTICS INC
82,030$737.0M0.64%
30
AESIATLAS ENERGY SOLUTIONS INC
74,249$699.0M0.61%
31
TLNTALEN ENERGY CORP
1,606$601.0M0.52%
32
AZZAZZ INC
3,902$418.0M0.36%
33
IDRIDAHO STRATEGIC RESOURCES
9,956$401.0M0.35%
34
FELEFRANKLIN ELEC INC
3,427$327.0M0.28%
35
CENTACENTRAL GARDEN & PET CO
11,092$323.0M0.28%
36
SEISOLARIS ENERGY INFRAS INC
5,750$264.0M0.23%
37
CASYCASEYS GEN STORES INC
400$221.0M0.19%
38
DBRGDIGITALBRIDGE GROUP INC
13,862$212.0M0.18%
39
AWIARMSTRONG WORLD INDS INC NEW
1,079$206.0M0.18%
40
LANDGLADSTONE LD CORP
19,695$180.0M0.16%
41
BOOMDMC GLOBAL INC
21,152$141.0M0.12%
42
TGBTASEKO MINES LTD
18,059$102.0M0.09%
43
AKBAAKEBIA THERAPEUTICS INC
53,510$86.0M0.07%
44
RIGTRANSOCEAN LTD
10,185$42.0M0.04%