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Solas Capital Management Portfolio holdings

AUM $174M
1-Year Est. Return 6.33%
This Fund
S&P 500
This Quarter Est. Return
+10.76%
1 Year Est. Return
+6.33%
3 Year Est. Return
+41.54%
5 Year Est. Return
+46.6%
10 Year Est. Return
–
AUM
$90.6M
AUM Growth
-$4.4M
Cap. Flow
-$13.2M
Cap. Flow %
-14.59%
Top 10 Hldgs %
65.44%
Holding
30
New
2
Increased
10
Reduced
6
Closed
7

Top Buys

Rank Stock Value
1
RRTS
RoadRunner Transportation Systems, Inc.
RRTS
+$3.81M
2
AUD
Audacy, Inc.
AUD
+$1.53M
3
ALTO icon
Alto Ingredients
ALTO
+$939K
4
SMTA
Spirit MTA REIT Common Shares of Beneficial Interest
SMTA
+$724K
5
EMKR
Emcore Corp
EMKR
+$682K

Top Sells

Rank Stock Value
1
GTX icon
Garrett Motion
GTX
+$3.4M
2
LILA icon
Liberty Latin America Class A
LILA
+$3.33M
3
UNIT
Uniti Group
UNIT
+$3.13M
4
VRTS icon
Virtus Investment Partners
VRTS
+$2.44M
5
AMC icon
AMC Entertainment Holdings
AMC
+$1.95M

Sector Composition

Rank Sector Weight
1 Industrials 19.34%
2 Financials 17.85%
3 Communication Services 16.9%
4 Real Estate 13.91%
5 Technology 11.14%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
QMCO icon
26
Quantum Corp
QMCO
$451M
– –
-43,447
Closed -$1.74M
SANM icon
27
Sanmina
SANM
$11.1B
– –
-16,600
Closed -$399K
UNIT
28
Uniti Group
UNIT
$2.44B
– –
-201,200
Closed -$3.13M
CMLS
29
DELISTED
Cumulus Media Inc. Class A Common Stock
CMLS
– –
-33,500
Closed -$362K
MDR
30
DELISTED
McDermott International
MDR
– –
-120,900
Closed -$791K
1
2

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Breakout Capital Partners New York $174M AUM 7.98% 1-Year Est. Return
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GWAM
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VWWMG
Vermillion & White Wealth Management Group Phoenixville, Pennsylvania $174M AUM 15.31% 1-Year Est. Return
GRA
Golden Road Advisors Tampa, Florida $174M AUM 19.14% 1-Year Est. Return
CFS
Coordinated Financial Services Denver, Colorado $174M AUM 16.33% 1-Year Est. Return
CAM
Councilmark Asset Management Knoxville, Tennessee $174M AUM 23.08% 1-Year Est. Return
AMD
Advanced Micro Devices Santa Clara, California $174M AUM

Solas Capital Management's Q1 2019 Portfolio in Review

As of Q1 2019, Solas Capital Management held 30 positions worth $90.6M, down 4.6% from $95M the previous quarter. Its ten largest holdings account for 65% of the portfolio.

Solas Capital Management withdrew a net $13.2M in Q1 2019, closing 7 positions and reducing 6 holdings. Its most notable exit was Liberty Latin America Class A, an estimated $3.33M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 19% of assets, up from 16% a quarter earlier, followed by Financials and Communication Services.

Against the trend, Solas Capital Management opened a new position in RoadRunner Transportation Systems, Inc. worth $3.27M.

  • Solas Capital Management's largest Q1 2019 buy was RoadRunner Transportation Systems, Inc.: 311,862 shares worth $3.27M.
  • Solas Capital Management added most to Audacy, Inc. in Q1 2019, an estimated $1.53M increase.
  • Solas Capital Management's biggest Q1 2019 reduction was Garrett Motion, cutting an estimated $3.4M.
  • Solas Capital Management fully exited Liberty Latin America Class A in Q1 2019, selling an estimated $3.33M.
  • Solas Capital Management's ten largest holdings make up 65% of its $90.6M portfolio in Q1 2019.
  • Solas Capital Management opened 2 new positions and closed 7 in Q1 2019.
  • Solas Capital Management's portfolio value fell 4.6% quarter-over-quarter to $90.6M.

Based on Solas Capital Management's 13F filing for Q1 2019, filed 15 May 2019.