Orchard Capital Management, LLC Top Holdings and 13F Report (2024)

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About Orchard Capital Management, LLC

Investment Activity

Orchard Capital Management, LLC has $340.95 million in total holdings as of March 31, 2024.
Orchard Capital Management, LLC owns shares of 49 different stocks, but just 25 companies or ETFs make up 80% of its holdings.
Approximately 11.07% of the portfolio was purchased this quarter.
About 13.70% of the portfolio was sold this quarter.
This quarter, Orchard Capital Management, LLC has purchased 45 new stocks and bought additional shares in 32 stocks.
Orchard Capital Management, LLC sold shares of 3 stocks and completely divested from 4 stocks this quarter.

Largest Holdings

Criteo: $16,148,017
FTAI Infrastructure: $15,707,724
Tidewater: $15,494,364
Enova International: $14,786,161
ArcBest: $14,707,853

Largest New Holdings this Quarter

Vista Outdoor: $9,838,130 Holding
Summit Materials: $8,279,234 Holding
Central Garden & Pet: $1,580,877 Holding
Armstrong World Industries: $225,584 Holding
L.B. Foster: $224,352 Holding

Largest Purchases this Quarter

Vista Outdoor: 300,126 shares (about $9.84M)
Summit Materials: 185,758 shares (about $8.28M)
Garrett Motion: 613,974 shares (about $6.10M)
Ferroglobe: 823,662 shares (about $4.10M)
Hudbay Minerals: 469,662 shares (about $3.29M)

Largest Sales this Quarter

FTAI Aviation: 163,730 shares (about $11.02M)
Axos Financial: 155,773 shares (about $8.42M)
VersaBank: 134,387 shares (about $1.42M)

Sector Allocation Over Time

Selling

Neutral

Buying

Latest 13F Holdings and Changes Since Previous Quarterly Filing

Issuer Name	Holdings Value	Approximate Purchase/Sale	Change in Shares	Shares Held	% of Portfolio	Sector
CRTO Criteo	$16,148,017	$229,884 ▲	1.4%	460,451	4.7%	Computer and Technology
FIP FTAI Infrastructure	$15,707,724	$184,908 ▲	1.2%	2,501,230	4.6%	Finance
TDW Tidewater	$15,494,364	$208,932 ▲	1.4%	168,417	4.5%	Oils/Energy
ENVA Enova International	$14,786,161	$189,118 ▲	1.3%	235,336	4.3%	Finance
ARCB ArcBest	$14,707,853	$198,503 ▲	1.4%	103,213	4.3%	Transportation
TBBK Bancorp	$14,025,094	$162,582 ▲	1.2%	419,160	4.1%	Finance
EHC Encompass Health	$11,955,272	$137,661 ▲	1.2%	144,772	3.5%	Medical
GTX Garrett Motion	$11,606,928	$6,102,902 ▲	110.9%	1,167,699	3.4%	Auto/Tires/Trucks
GLRE Greenlight Capital Re	$11,249,873	$134,539 ▲	1.2%	902,155	3.3%	Finance
TRS TriMas	$11,195,272	$152,361 ▲	1.4%	418,828	3.3%	Industrial Products
IDT IDT	$10,799,519	$119,480 ▲	1.1%	285,626	3.2%	Utilities
TRN Trinity Industries	$10,665,380	$133,958 ▲	1.3%	382,958	3.1%	Transportation
ACA Arcosa	$10,161,188	$119,603 ▲	1.2%	118,346	3.0%	Construction
FTAI FTAI Aviation	$10,160,819	$11,019,029 ▼	-52.0%	150,978	3.0%	Aerospace
VSTO Vista Outdoor	$9,838,130	$9,838,130 ▲	New Holding	300,126	2.9%	Consumer Discretionary
CASH Pathward Financial	$9,591,351	$128,219 ▲	1.4%	190,003	2.8%	Finance
RVLV Revolve Group	$9,314,461	$122,680 ▲	1.3%	439,984	2.7%	Retail/Wholesale
GSM Ferroglobe	$9,286,241	$4,101,837 ▲	79.1%	1,864,707	2.7%	Basic Materials
ETNB 89bio	$8,722,434	$118,053 ▲	1.4%	749,350	2.6%	Medical
AX Axos Financial	$8,513,462	$8,417,973 ▼	-49.7%	157,540	2.5%	Finance
SUM Summit Materials	$8,279,234	$8,279,234 ▲	New Holding	185,758	2.4%	Construction
DBRG DigitalBridge Group	$8,221,912	$108,085 ▲	1.3%	426,669	2.4%	Finance
MWA Mueller Water Products	$8,141,846	$105,502 ▲	1.3%	506,019	2.4%	Industrial Products
HBM Hudbay Minerals	$7,996,639	$3,287,634 ▲	69.8%	1,142,377	2.3%	Basic Materials
FBRT Franklin BSP Realty Trust	$7,870,149	$92,865 ▲	1.2%	589,083	2.3%	Finance
BANC Banc of California	$7,831,127	$86,484 ▲	1.1%	514,867	2.3%	Finance
OABI OmniAb	$7,444,359	$83,847 ▲	1.1%	1,373,498	2.2%	Medical
CENT Central Garden & Pet	$7,336,308	$93,455 ▲	1.3%	171,289	2.2%	Consumer Discretionary
EHAB Enhabit	$7,081,930	$87,853 ▲	1.3%	607,891	2.1%	Medical
SHYF The Shyft Group	$6,905,421	$91,275 ▲	1.3%	555,992	2.0%	Auto/Tires/Trucks
HRTX Heron Therapeutics	$6,293,116	$78,826 ▲	1.3%	2,271,883	1.8%	Medical
NODK NI	$5,199,222	$87,052 ▲	1.7%	343,183	1.5%	Finance
NTLA Intellia Therapeutics	$4,740,413	$63,548 ▲	1.4%	172,316	1.4%	Medical
CNTY Century Casinos	$4,160,061	$52,488 ▲	1.3%	1,316,475	1.2%	Consumer Discretionary
BSM Black Stone Minerals	$3,122,188	$67,515 ▲	2.2%	195,381	0.9%	Oils/Energy
VBNK VersaBank	$2,077,441	$1,424,502 ▼	-40.7%	195,985	0.6%	Finance
CENTA Central Garden & Pet	$1,580,877	$1,580,877 ▲	New Holding	42,819	0.5%	Consumer Discretionary
FELE Franklin Electric	$453,088		0.0%	4,242	0.1%	Industrial Products
AZZ AZZ	$359,569		0.0%	4,651	0.1%	Industrial Products
PBPB Potbelly	$252,954		0.0%	20,888	0.1%	Retail/Wholesale
AWI Armstrong World Industries	$225,584	$225,584 ▲	New Holding	1,816	0.1%	Construction
FSTR L.B. Foster	$224,352	$224,352 ▲	New Holding	8,215	0.1%	Basic Materials
CF CF Industries	$221,838		0.0%	2,666	0.1%	Basic Materials
LECO Lincoln Electric	$218,401	$218,401 ▲	New Holding	855	0.1%	Industrial Products
SXT Sensient Technologies	$209,023	$209,023 ▲	New Holding	3,021	0.1%	Basic Materials
PYPL PayPal	$204,989	$204,989 ▲	New Holding	3,060	0.1%	Computer and Technology
AKBA Akebia Therapeutics	$198,482	$39,590 ▲	24.9%	108,460	0.1%	Medical
RIG Transocean	$108,267		0.0%	17,240	0.0%	Oils/Energy
PFMT Performant Financial	$58,800		0.0%	20,000	0.0%	Business Services
LGF.A Lions Gate Entertainment	$0	$9,924,090 ▼	-100.0%	0	0.0%	Consumer Discretionary
SMP Standard Motor Products	$0	$8,740,166 ▼	-100.0%	0	0.0%	Auto/Tires/Trucks
STHO Star	$0	$6,974,130 ▼	-100.0%	0	0.0%	Finance
FOXF Fox Factory	$0	$217,286 ▼	-100.0%	0	0.0%	Auto/Tires/Trucks