ORCHARD CAPITAL MANAGEMENT LLC
Q2 2025 Form 13-F
CHICAGO, ILLINOIS
CIK 0001858319
· CRD 269957
· SEC-registered investment adviser
$90.4M Reported Value Total
ORCHARD CAPITAL MANAGEMENT, LLC reports 29 total accounts under management (AUM). There are 29 discretionary accounts valued at $321,870,000, and 0 non-discretionary accounts.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Private funds (Form ADV)
2 funds
· $5.8M gross asset value
Other: $5.8M · Private Equity Fund: $0
Source: Form ADV filed 2026-09-22
Reported value
$90.4M
Quarter over quarter
+9.1%
Holdings
39
Top-10 concentration
63.9%
Key People
Form ADV owners & control persons
Joshua Paul Fairbank
MANAGING MEMBER
Blake Elliott Harper
MANAGING MEMBER
Valencia Michael
MEMBER
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Q2 2025 13F record
Q2 2025 13F filing summary
| Period of report | June 30, 2025 |
|---|---|
| Filed | August 13, 2025 |
| Form | 13F-HR |
| Reported value | $90.4M |
| Positions | 39 |
| Change in reported value | -38.2% |
| New positions | 3 |
| Exited positions | 4 |
| Position turnover | 16.3% |
| Top-10 concentration | 63.9% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Aug 12, 2026
|
43 | $102.6M |
|
Q1 2026 13F
Filed May 13, 2026
|
45 | $95.9M |
|
Q4 2025 13F
Filed Feb 12, 2026
|
44 | $115.2M |
|
Q3 2025 13F
Filed Nov 12, 2025
|
43 | $115.7M |
|
Q2 2025 13F
Filed Aug 13, 2025
|
39 | $90.4M |
|
Q1 2025 13F
Filed May 15, 2025
|
40 | $146.2M |
|
Q4 2024 13F
Filed Feb 14, 2025
|
57 | $253.7M |
|
Q3 2024 13F
Filed Nov 13, 2024
|
57 | $290.6M |
|
Q2 2024 13F
Filed Aug 13, 2024
|
43 | $331.0M |
|
Q1 2024 13F
Filed May 15, 2024
|
49 | $340.9M |
|
Q4 2023 13F
Filed Feb 14, 2024
|
45 | $319.3M |
|
Q3 2023 13F
Filed Nov 14, 2023
|
45 | $270.4M |
|
Q2 2023 13F
Filed Aug 14, 2023
|
49 | $297.3M |
|
Q1 2023 13F
Filed May 15, 2023
|
48 | $298.9M |
|
Q4 2022 13F
Filed Feb 10, 2023
|
51 | $298.3M |
|
Q3 2022 13F
Filed Nov 15, 2022
|
49 | $267.4M |
|
Q2 2022 13F
Filed Aug 15, 2022
|
52 | $320.2M |
|
Q1 2022 13F
Filed May 16, 2022
|
48 | $351.7M |
|
Q4 2021 13F
Filed Feb 15, 2022
|
47 | $340.9M |
|
Q3 2021 13F
Filed Nov 15, 2021
|
45 | $332.3M |
3 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q2 2025
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | SPY SPDR S&P 500 ETF TR | $24.7M | 27.33% |
| 2 | TBBK BANCORP INC DEL | $6.9M | 7.67% |
| 3 | FIP FTAI INFRASTRUCTURE INC | $4.7M | 5.23% |
| 4 | HBM HUDBAY MINERALS INC | $4.4M | 4.82% |
| 5 | GLRE GREENLIGHT CAPITAL RE LTD | $3.4M | 3.79% |
| 6 | GTX GARRETT MOTION INC | $3.1M | 3.47% |
| 7 | AX AXOS FINANCIAL INC | $2.9M | 3.19% |
| 8 | ACA ARCOSA INC | $2.8M | 3.13% |
| 9 | BANC BANC OF CALIFORNIA INC | $2.4M | 2.67% |
| 10 | NOA NORTH AMERN CONSTR GROUP LTD | $2.4M | 2.61% |
| 11 | ENVA ENOVA INTL INC | $2.3M | 2.55% |
| 12 | DCO DUCOMMUN INC DEL | $2.3M | 2.5% |
| 13 | TDW TIDEWATER INC NEW | $2.1M | 2.34% |
| 14 | ARCB ARCBEST CORP | $2.0M | 2.23% |
| 15 | ETNB 89BIO INC | $1.9M | 2.15% |
| 16 | TFIN TRIUMPH FINANCIAL INC | $1.8M | 2.01% |
| 17 | RVLV REVOLVE GROUP INC | $1.8M | 1.98% |
| 18 | SHYF SHYFT GROUP INC | $1.8M | 1.96% |
| 19 | GSM FERROGLOBE PLC | $1.7M | 1.9% |
| 20 | FBRT FRANKLIN BSP RLTY TR INC | $1.6M | 1.82% |
Values as reported on the Q2 2025 Form 13F. Every position is in the holdings table below.