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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
-41.38%
1 Year Est. Return
+6.33%
3 Year Est. Return
+41.54%
5 Year Est. Return
+46.6%
10 Year Est. Return
–
AUM
$92.3M
AUM Growth
-$11.7M
Cap. Flow
+$60.2M
Cap. Flow %
65.16%
Top 10 Hldgs %
62.6%
Holding
31
New
9
Increased
17
Reduced
4
Closed
1

Top Buys

Rank Stock Value
1
MPC icon
Marathon Petroleum
MPC
+$8.75M
2
SWKH
SWK Holdings
SWKH
+$8.24M
3
CAKE icon
Cheesecake Factory
CAKE
+$4.88M
4
BXC icon
BlueLinx
BXC
+$4.18M
5
ASIX icon
AdvanSix
ASIX
+$3.8M

Top Sells

Rank Stock Value
1
VRTS icon
Virtus Investment Partners
VRTS
+$1.42M
2
NWSA icon
News Corp Class A
NWSA
+$1.18M
3
INAP
Internap Corporation
INAP
+$1.03M
4
FENC icon
Fennec Pharmaceuticals
FENC
+$76.9K
5
FRAN
Francesca's Holdings Corporation
FRAN
+$10.4K

Sector Composition

Rank Sector Weight
1 Communication Services 16.61%
2 Energy 16.1%
3 Financials 13.62%
4 Industrials 11.73%
5 Materials 11.08%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
STCN
26
DELISTED
Steel Connect, Inc. Common Stock
STCN
$600K 0.65%
85,647
+6,611
+8% +$82.9K
VRTS icon
27
Virtus Investment Partners
VRTS
$1.11B
$460K 0.5%
6,043
-12,592
-68% -$1.42M
FRAN
28
DELISTED
Francesca's Holdings Corporation
FRAN
$336K 0.36%
148,100
-1,600
-1% -$10.4K
EMMS
29
DELISTED
Emmis Communications Corp
EMMS
$199K 0.22%
+99,629
New +$335K
LEE icon
30
Lee Enterprises
LEE
$181M
$114K 0.12%
+11,637
New +$166K
INAP
31
DELISTED
Internap Corporation
INAP
– –
-934,322
Closed -$1.03M
1
2

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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
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CAM
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AMD
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Solas Capital Management's Q1 2020 Portfolio in Review

As of Q1 2020, Solas Capital Management held 31 positions worth $92.3M, down 11% from $104M the previous quarter. Its ten largest holdings account for 63% of the portfolio.

Solas Capital Management deployed $60.2M of net new capital in Q1 2020, opening 9 new positions and adding to 17 existing holdings. Its largest new stake was Marathon Petroleum: 190,000 shares worth $4.49M.

By sector, the portfolio is most concentrated in Communication Services at 17% of assets, down from 24% a quarter earlier, followed by Energy and Financials.

On the sell side, the largest reduction was Virtus Investment Partners, an estimated $1.42M trimmed.

  • Solas Capital Management's largest Q1 2020 buy was Marathon Petroleum: 190,000 shares worth $4.49M.
  • Solas Capital Management added most to BlueLinx in Q1 2020, an estimated $4.18M increase.
  • Solas Capital Management's biggest Q1 2020 reduction was Virtus Investment Partners, cutting an estimated $1.42M.
  • Solas Capital Management fully exited Internap Corporation in Q1 2020, selling an estimated $1.03M.
  • Solas Capital Management's ten largest holdings make up 63% of its $92.3M portfolio in Q1 2020.
  • Solas Capital Management opened 9 new positions and closed 1 in Q1 2020.
  • Solas Capital Management's portfolio value fell 11% quarter-over-quarter to $92.3M.

Based on Solas Capital Management's 13F filing for Q1 2020, filed 15 May 2020.