Orchard Capital Management 13F annual report
Orchard Capital Management is an investment fund managing more than $331 billion ran by Blake Harper. There are currently 43 companies in Mr. Harper’s portfolio. The largest investments include Ftai Infrastructure Inc Common Stock and Criteo S A Spons Ads, together worth $38.5 billion.
$331 billion Assets Under Management (AUM)
As of 6th August 2024, Orchard Capital Management’s top holding is 2,471,786 shares of Ftai Infrastructure Inc Common Stock currently worth over $21.3 billion and making up 6.4% of the portfolio value.
In addition, the fund holds 453,896 shares of Criteo S A Spons Ads worth $17.1 billion.
The third-largest holding is Tidewater Inc New Com worth $15.8 billion and the next is Bancorp Inc Del Com worth $15.6 billion, with 414,301 shares owned.
Currently, Orchard Capital Management's portfolio is worth at least $331 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Orchard Capital Management
The Orchard Capital Management office and employees reside in Chicago, Illinois. According to the last 13-F report filed with the SEC, Blake Harper serves as the Managing Member at Orchard Capital Management.
Recent trades
In the most recent 13F filing, Orchard Capital Management revealed that it had opened a new position in
Vista Outdoor Inc and bought 296,330 shares worth $11.2 billion.
This means they effectively own approximately 0.1% of the company.
Vista Outdoor Inc makes up
35.4%
of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Ftai Infrastructure Inc Common Stock by buying
164,023 additional shares.
This makes their stake in Ftai Infrastructure Inc Common Stock total 2,471,786 shares worth $21.3 billion.
On the other hand, there are companies that Orchard Capital Management is getting rid of from its portfolio.
Orchard Capital Management closed its position in Lions Gate Entmnt Corp Cl A Vtg on 13th August 2024.
It sold the previously owned 863,133 shares for $7.32 billion.
Blake Harper also disclosed a decreased stake in Ftai Aviation Ltd Shs by 0.5%.
This leaves the value of the investment at $15 billion and 145,260 shares.
One of the smaller hedge funds
The two most similar investment funds to Orchard Capital Management are Watchman and Globe Life Inc. They manage $331 billion and $331 billion respectively.
Blake Harper investment strategy
Orchard Capital Management’s portfolio is diversified across 7 sectors.
Currently, their heaviest sector is Finance — making up 11.4% of
the total portfolio value.
The fund focuses on investments in the United States as
30.2% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are small-cap stocks.
Stocks with a size of more than $100 million in market cap make up
2% of the total holdings value.
On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $1.15 billion.
The complete list of Orchard Capital Management trades based on 13F SEC filings
These positions were updated on August 13th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Ftai Infrastructure Inc Common Stock |
7.11%
2,471,786
|
$21,331,513,000 | 6.44% |
| Criteo S A Spons Ads |
3.25%
453,896
|
$17,120,957,000 | 5.17% |
| Tidewater Inc New Com |
23.11%
166,146
|
$15,818,761,000 | 4.78% |
| Bancorp Inc Del Com |
4.76%
414,301
|
$15,644,006,000 | 4.73% |
| Ftai Aviation Ltd Shs |
51.81%
145,260
|
$14,995,190,000 | 4.53% |
| Enova Intl Inc Com |
30.02%
232,326
|
$14,462,294,000 | 4.37% |
| Encompass Health Corp Com |
5.64%
143,105
|
$12,276,978,000 | 3.71% |
| Greenlight Capital Re Ltd |
No change
891,366
|
$11,676,895,000 | 3.53% |
| Trinity Inds Inc Com |
5.48%
378,148
|
$11,314,188,000 | 3.42% |
| Vista Outdoor Inc |
Opened
296,330
|
$11,156,825,000 | 3.37% |
| Arcbest Corp Com |
5.52%
101,820
|
$10,902,886,000 | 3.29% |
| Pathward Financial Inc |
5.55%
187,463
|
$10,604,782,000 | 3.20% |
| Trimas Corp Com New |
5.56%
413,128
|
$10,559,552,000 | 3.19% |
| Hudbay Minerals Inc. |
Opened
1,126,332
|
$10,193,305,000 | 3.08% |
| IDT Corp. |
5.40%
282,466
|
$10,146,179,000 | 3.07% |
| Garrett Motion Inc |
119.31%
1,151,474
|
$9,891,162,000 | 2.99% |
| Ferroglobe Plc Shs |
Opened
1,839,787
|
$9,861,258,000 | 2.98% |
| Arcosa Inc |
4.70%
116,953
|
$9,755,050,000 | 2.95% |
| Mueller Wtr Prods Inc Com Ser A |
26.26%
499,462
|
$8,950,359,000 | 2.70% |
| Axos Financial Inc. |
47.75%
155,519
|
$8,887,911,000 | 2.68% |
| Heron Therapeutics Inc |
4.69%
2,243,426
|
$7,851,991,000 | 2.37% |
| Franklin Bsp Rlty Tr Inc Common Stock |
5.49%
582,132
|
$7,334,863,000 | 2.22% |
| Lions Gate Entmnt Corp Cl A Vtg |
Closed
863,133
|
$7,319,368,000 | |
| Compass Minerals Intl Inc Com |
Closed
256,989
|
$7,182,843,000 | |
| Standard Mtr Prods Inc Com |
Closed
207,974
|
$6,992,086,000 | |
| Revolve Group Inc |
5.48%
434,189
|
$6,907,947,000 | 2.09% |
| Summit Matls Inc Cl A |
5.64%
183,214
|
$6,707,465,000 | 2.03% |
| Central Garden & Pet Co Com |
5.56%
169,107
|
$6,510,620,000 | 1.97% |
| Banc of California Inc |
Opened
509,181
|
$6,507,333,000 | 1.97% |
| The Shyft Group, Inc. |
5.51%
548,643
|
$6,506,906,000 | 1.97% |
| Enhabit, Inc. |
Closed
568,421
|
$6,394,736,000 | |
| 89bio Inc |
36.16%
739,208
|
$5,921,056,000 | 1.79% |
| Digitalbridge Group Inc Cl A New |
3.89%
421,060
|
$5,768,522,000 | 1.74% |
| Pacwest Bancorp Del Com |
Closed
700,616
|
$5,541,873,000 | |
| Ni Hldgs Inc Com |
0.92%
337,437
|
$5,162,786,000 | 1.56% |
| Omniab Inc Com |
6.08%
1,358,028
|
$5,092,605,000 | 1.54% |
| Intellia Therapeutics Inc |
6.82%
170,006
|
$3,804,734,000 | 1.15% |
| Century Casinos Inc. |
6.56%
1,299,865
|
$3,600,626,000 | 1.09% |
| Black Stone Minerals L P Com Unit |
No change
191,156
|
$2,995,415,000 | 0.90% |
| Versabank New Com |
42.86%
188,192
|
$2,033,353,000 | 0.61% |
| Central Garden & Pet Co Cl A Non-vtg |
Opened
42,274
|
$1,396,310,000 | 0.42% |
| Franklin Elec Inc Com |
No change
4,242
|
$408,589,000 | 0.12% |
| AZZ Inc |
No change
4,651
|
$359,290,000 | 0.11% |
| Fox Factory Hldg Corp Com |
Closed
3,220
|
$319,038,000 | |
| Cf Inds Hldgs Inc Com |
Closed
2,666
|
$228,583,000 | |
| Armstrong World Inds Inc New Com |
Opened
1,816
|
$205,644,000 | 0.06% |
| Potbelly Corp Com |
35.58%
20,888
|
$167,731,000 | 0.05% |
| Transocean Ltd Registered Shs |
Opened
17,240
|
$92,234,000 | 0.03% |
| Akebia Therapeutics Inc. |
29.93%
86,826
|
$88,563,000 | 0.03% |
| Pfsweb Inc Com New |
Closed
10,000
|
$74,400,000 | |
| Performant Finl Corp Com |
No change
20,000
|
$58,000,000 | 0.02% |
| Commscope Hldg Co Inc Com |
Closed
10,000
|
$33,600,000 | |
| No transactions found | |||
| Showing first 500 out of 52 holdings | |||
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