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SCM

Solas Capital Management Portfolio holdings

AUM $174M
1-Year Est. Return 6.33%
This Fund
S&P 500
This Quarter Est. Return
-4.69%
1 Year Est. Return
+6.33%
3 Year Est. Return
+41.54%
5 Year Est. Return
+46.6%
10 Year Est. Return
–
AUM
$97.9M
AUM Growth
+$7.26M
Cap. Flow
+$12.3M
Cap. Flow %
12.55%
Top 10 Hldgs %
68.18%
Holding
27
New
4
Increased
11
Reduced
6
Closed
5

Top Buys

Rank Stock Value
1
VRS
Verso Corporation
VRS
+$8.08M
2
CPLG
CorePoint Lodging Inc. Common Stock
CPLG
+$5.7M
3
INAP
Internap Corporation
INAP
+$4M
4
FENC icon
Fennec Pharmaceuticals
FENC
+$3.6M
5
NWSA icon
News Corp Class A
NWSA
+$2.95M

Top Sells

Rank Stock Value
1
SRC
SPIRIT REALTY CAPITAL, INC.
SRC
+$5.75M
2
OCSL icon
Oaktree Specialty Lending
OCSL
+$4.85M
3
SITC icon
SITE Centers
SITC
+$3.76M
4
FRED
Fred's Inc
FRED
+$3.09M
5
GEG icon
Great Elm Group
GEG
+$1.82M

Sector Composition

Rank Sector Weight
1 Communication Services 25.09%
2 Industrials 18.28%
3 Technology 10.33%
4 Consumer Discretionary 9.96%
5 Real Estate 9.11%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RVI
26
DELISTED
Retail Value Inc. Common Shares
RVI
– –
-310,447
Closed -$888K
FRED
27
DELISTED
Fred's Inc
FRED
– –
-1,250,000
Closed -$3.09M
1
2

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VWWMG
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GRA
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CFS
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CAM
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AMD
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Solas Capital Management's Q2 2019 Portfolio in Review

As of Q2 2019, Solas Capital Management held 27 positions worth $97.9M, up 8% from $90.6M the previous quarter. Its ten largest holdings account for 68% of the portfolio.

Solas Capital Management deployed $12.3M of net new capital in Q2 2019, opening 4 new positions and adding to 11 existing holdings. Its largest new stake was Verso Corporation: 399,924 shares worth $7.62M.

By sector, the portfolio is most concentrated in Communication Services at 25% of assets, up from 17% a quarter earlier, followed by Industrials and Technology.

On the sell side, the largest reduction was Oaktree Specialty Lending, an estimated $4.85M trimmed.

  • Solas Capital Management's largest Q2 2019 buy was Verso Corporation: 399,924 shares worth $7.62M.
  • Solas Capital Management added most to News Corp Class A in Q2 2019, an estimated $2.95M increase.
  • Solas Capital Management's biggest Q2 2019 reduction was Oaktree Specialty Lending, cutting an estimated $4.85M.
  • Solas Capital Management fully exited SPIRIT REALTY CAPITAL, INC. in Q2 2019, selling an estimated $5.75M.
  • Solas Capital Management's ten largest holdings make up 68% of its $97.9M portfolio in Q2 2019.
  • Solas Capital Management opened 4 new positions and closed 5 in Q2 2019.
  • Solas Capital Management's portfolio value rose 8% quarter-over-quarter to $97.9M.

Based on Solas Capital Management's 13F filing for Q2 2019, filed 14 Aug 2019.