Orchard Capital Management, LLC Q3 2025 Filing
Filed November 12, 2025
Portfolio Value
$115.7B
Holdings
44
Report Date
Q3 2025
Filing Type
13F-HR
All Holdings (44 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | SPYSPDR S&P 500 ETF TR | 60,000 | $40.0B | 34.54% | Put |
| 2 | TBBKBANCORP INC DEL | 121,736 | $9.1B | 7.88% | |
| 3 | HBMHUDBAY MINERALS INC | 437,527 | $6.6B | 5.73% | |
| 4 | FIPFTAI INFRASTRUCTURE INC | 803,768 | $3.5B | 3.03% | |
| 5 | BB4AXOS FINANCIAL INC | 39,039 | $3.3B | 2.86% | |
| 6 | ACAARCOSA INC | 33,539 | $3.1B | 2.72% | |
| 7 | GLREGREENLIGHT CAPITAL RE LTD | 244,869 | $3.1B | 2.69% | |
| 8 | ETNBGBP89BIO INC | 204,114 | $3.0B | 2.59% | |
| 9 | BANCBANC OF CALIFORNIA INC | 176,030 | $2.9B | 2.52% | |
| 10 | DCODUCOMMUN INC DEL | 28,301 | $2.7B | 2.35% | |
| 11 | TDWTIDEWATER INC NEW | 47,260 | $2.5B | 2.18% | |
| 12 | ENVAENOVA INTL INC | 21,295 | $2.5B | 2.12% | |
| 13 | GSMFERROGLOBE PLC | 484,338 | $2.2B | 1.90% | |
| 14 | NOANORTH AMERN CONSTR GROUP LTD | 152,138 | $2.2B | 1.87% | |
| 15 | TRNTRINITY INDS INC | 75,836 | $2.1B | 1.84% | |
| 16 | GTXGARRETT MOTION INC | 153,699 | $2.1B | 1.81% | |
| 17 | RVLVREVOLVE GROUP INC | 91,949 | $2.0B | 1.69% | |
| 18 | ARCBARCBEST CORP | 27,014 | $1.9B | 1.63% | |
| 19 | AEBIAEBI SCHMIDT HLDG AG | 151,338 | $1.9B | 1.63% | |
| 20 | FBRTFRANKLIN BSP RLTY TR INC | 158,590 | $1.7B | 1.49% | |
| 21 | TFINTRIUMPH FINANCIAL INC | 34,161 | $1.7B | 1.48% | |
| 22 | NODKNI HLDGS INC | 118,817 | $1.6B | 1.39% | |
| 23 | CASHPATHWARD FINANCIAL INC | 20,331 | $1.5B | 1.30% | |
| 24 | MTUSMETALLUS INC | 90,618 | $1.5B | 1.29% | |
| 25 | CENTCENTRAL GARDEN & PET CO | 44,120 | $1.4B | 1.24% | |
| 26 | NTLAINTELLIA THERAPEUTICS INC | 81,598 | $1.4B | 1.22% | |
| 27 | CRTOCRITEO S A | 56,551 | $1.3B | 1.10% | |
| 28 | RIOTRIOT PLATFORMS INC | 62,533 | $1.2B | 1.03% | |
| 29 | HRTXHERON THERAPEUTICS INC | 677,290 | $853.4M | 0.74% | |
| 30 | AESIATLAS ENERGY SOLUTIONS INC | 72,392 | $823.1M | 0.71% | |
| 31 | TLNTALEN ENERGY CORP | 1,606 | $683.2M | 0.59% | |
| 32 | AZZAZZ INC | 3,902 | $425.8M | 0.37% | |
| 33 | AWIARMSTRONG WORLD INDS INC NEW | 1,816 | $356.0M | 0.31% | |
| 34 | PTBPOTBELLY CORP | 20,888 | $355.9M | 0.31% | |
| 35 | IDRIDAHO STRATEGIC RESOURCES | 9,956 | $336.4M | 0.29% | |
| 36 | FELEFRANKLIN ELEC INC | 3,427 | $326.3M | 0.28% | |
| 37 | CENTACENTRAL GARDEN & PET CO | 11,029 | $325.7M | 0.28% | |
| 38 | SEISOLARIS ENERGY INFRAS INC | 5,750 | $229.8M | 0.20% | |
| 39 | CASYCASEYS GEN STORES INC | 400 | $226.1M | 0.20% | |
| 40 | GRBKGREEN BRICK PARTNERS INC | 3,000 | $221.6M | 0.19% | |
| 41 | DBRGDIGITALBRIDGE GROUP INC | 13,862 | $162.2M | 0.14% | |
| 42 | PFMTUSDPERFORMANT HEALTHCARE INC | 20,000 | $154.6M | 0.13% | |
| 43 | AKBAAKEBIA THERAPEUTICS INC | 53,510 | $146.1M | 0.13% | |
| 44 | RIGTRANSOCEAN LTD | 10,185 | $31.8M | 0.03% |