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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
+32.05%
1 Year Est. Return
+6.33%
3 Year Est. Return
+41.54%
5 Year Est. Return
+46.6%
10 Year Est. Return
–
AUM
$108M
AUM Growth
+$16M
Cap. Flow
-$8.62M
Cap. Flow %
-7.96%
Top 10 Hldgs %
65.33%
Holding
31
New
1
Increased
4
Reduced
7
Closed
4

Top Buys

Rank Stock Value
1
EPSN icon
Epsilon Energy
EPSN
+$3.69M
2
LEE icon
Lee Enterprises
LEE
+$2.09M
3
BWFG icon
Bankwell Financial Group
BWFG
+$1.65M
4
HIL
Hill International, Inc. Common Stock
HIL
+$989K
5
GIFI
Gulf Island Fabrication
GIFI
+$951K

Top Sells

Rank Stock Value
1
VRS
Verso Corporation
VRS
+$5.94M
2
MSGN
MSG Networks Inc.
MSGN
+$4.13M
3
IEC
IEC Electronics Corp.
IEC
+$1.49M
4
ASIX icon
AdvanSix
ASIX
+$1.16M
5
BXC icon
BlueLinx
BXC
+$1.16M

Sector Composition

Rank Sector Weight
1 Energy 19.92%
2 Communication Services 14.24%
3 Financials 13.99%
4 Consumer Discretionary 12.83%
5 Industrials 11.63%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FRAN
26
DELISTED
Francesca's Holdings Corporation
FRAN
$570K 0.53%
148,100
– –
STCN
27
DELISTED
Steel Connect, Inc. Common Stock
STCN
$480K 0.44%
85,647
– –
VRTS icon
28
Virtus Investment Partners
VRTS
$1.11B
– –
-6,043
Closed -$460K
MSGN
29
DELISTED
MSG Networks Inc.
MSGN
– –
-405,000
Closed -$4.13M
RRTS
30
DELISTED
RoadRunner Transportation Systems, Inc.
RRTS
– –
-349,416
Closed -$891K
EMMS
31
DELISTED
Emmis Communications Corp
EMMS
– –
-99,629
Closed -$199K
1
2

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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
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CAM
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AMD
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Solas Capital Management's Q2 2020 Portfolio in Review

As of Q2 2020, Solas Capital Management held 31 positions worth $108M, up 17% from $92.3M the previous quarter. Its ten largest holdings account for 65% of the portfolio.

Solas Capital Management withdrew a net $8.62M in Q2 2020, closing 4 positions and reducing 7 holdings. Its most notable exit was MSG Networks Inc., an estimated $4.13M position sold in full.

By sector, the portfolio is most concentrated in Energy at 20% of assets, up from 16% a quarter earlier, followed by Communication Services and Financials.

Against the trend, Solas Capital Management opened a new position in Bankwell Financial Group worth $1.77M.

  • Solas Capital Management's largest Q2 2020 buy was Bankwell Financial Group: 111,442 shares worth $1.77M.
  • Solas Capital Management added most to Epsilon Energy in Q2 2020, an estimated $3.69M increase.
  • Solas Capital Management's biggest Q2 2020 reduction was Verso Corporation, cutting an estimated $5.94M.
  • Solas Capital Management fully exited MSG Networks Inc. in Q2 2020, selling an estimated $4.13M.
  • Solas Capital Management's ten largest holdings make up 65% of its $108M portfolio in Q2 2020.
  • Solas Capital Management opened 1 new position and closed 4 in Q2 2020.
  • Solas Capital Management's portfolio value rose 17% quarter-over-quarter to $108M.

Based on Solas Capital Management's 13F filing for Q2 2020, filed 14 Aug 2020.