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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
+16.07%
1 Year Est. Return
+6.33%
3 Year Est. Return
+41.54%
5 Year Est. Return
+46.6%
10 Year Est. Return
–
AUM
$104M
AUM Growth
-$3.97M
Cap. Flow
-$10.1M
Cap. Flow %
-9.68%
Top 10 Hldgs %
66.9%
Holding
29
New
2
Increased
3
Reduced
5
Closed
4

Top Buys

Rank Stock Value
1
LILAK icon
Liberty Latin America Class C
LILAK
+$4.19M
2
BMY.RT
Bristol-Myers Squibb Company Contingent Value Rights
BMY.RT
+$2.57M
3
MPC icon
Marathon Petroleum
MPC
+$1.05M
4
LEE icon
Lee Enterprises
LEE
+$486K
5
BWFG icon
Bankwell Financial Group
BWFG
+$214K

Top Sells

Rank Stock Value
1
GTX icon
Garrett Motion
GTX
+$5.54M
2
NWSA icon
News Corp Class A
NWSA
+$4.36M
3
VRS
Verso Corporation
VRS
+$2.94M
4
BJRI icon
BJ's Restaurants
BJRI
+$1.77M
5
FENC icon
Fennec Pharmaceuticals
FENC
+$1.13M

Sector Composition

Rank Sector Weight
1 Energy 19.7%
2 Industrials 16.79%
3 Communication Services 16.68%
4 Financials 15.07%
5 Consumer Discretionary 7.45%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BJRI icon
26
BJ's Restaurants
BJRI
$1.43B
– –
-84,500
Closed -$1.77M
GTX icon
27
Garrett Motion
GTX
$5.86B
– –
-1,000,000
Closed -$5.54M
VRS
28
DELISTED
Verso Corporation
VRS
– –
-246,272
Closed -$2.94M
FRAN
29
DELISTED
Francesca's Holdings Corporation
FRAN
– –
-148,100
Closed -$570K
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
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 Q3 2020 Portfolio in Review

As of Q3 2020, Solas Capital Management held 29 positions worth $104M, down 3.7% from $108M the previous quarter. Its ten largest holdings account for 67% of the portfolio.

Solas Capital Management withdrew a net $10.1M in Q3 2020, closing 4 positions and reducing 5 holdings. Its most notable exit was Garrett Motion, an estimated $5.54M position sold in full.

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

Against the trend, Solas Capital Management opened a new position in Liberty Latin America Class C worth $3.87M.

  • Solas Capital Management's largest Q3 2020 buy was Liberty Latin America Class C: 522,500 shares worth $3.87M.
  • Solas Capital Management added most to Marathon Petroleum in Q3 2020, an estimated $1.05M increase.
  • Solas Capital Management's biggest Q3 2020 reduction was News Corp Class A, cutting an estimated $4.36M.
  • Solas Capital Management fully exited Garrett Motion in Q3 2020, selling an estimated $5.54M.
  • Solas Capital Management's ten largest holdings make up 67% of its $104M portfolio in Q3 2020.
  • Solas Capital Management opened 2 new positions and closed 4 in Q3 2020.
  • Solas Capital Management's portfolio value fell 3.7% quarter-over-quarter to $104M.

Based on Solas Capital Management's 13F filing for Q3 2020, filed 16 Nov 2020.