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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
+37.27%
1 Year Est. Return
+6.33%
3 Year Est. Return
+41.54%
5 Year Est. Return
+46.6%
10 Year Est. Return
–
AUM
$131M
AUM Growth
+$26.7M
Cap. Flow
-$5.61M
Cap. Flow %
-4.28%
Top 10 Hldgs %
61.12%
Holding
30
New
5
Increased
3
Reduced
8
Closed
1

Top Buys

Rank Stock Value
1
CNXC icon
Concentrix
CNXC
+$3.06M
2
SFE
Safeguard Scientifics, Inc.
SFE
+$3.01M
3
PCSA icon
Processa Pharmaceuticals
PCSA
+$2.5M
4
TTI icon
TETRA Technologies
TTI
+$786K
5
CLDT
Chatham Lodging
CLDT
+$75.9K

Top Sells

Rank Stock Value
1
EMKR
Emcore Corp
EMKR
+$3.97M
2
BXC icon
BlueLinx
BXC
+$3.73M
3
IEC
IEC Electronics Corp.
IEC
+$2.49M
4
FGNX
FG Nexus Inc
FGNX
+$1.88M
5
LILAK icon
Liberty Latin America Class C
LILAK
+$1.47M

Sector Composition

Rank Sector Weight
1 Energy 20.48%
2 Communication Services 17.05%
3 Industrials 15.17%
4 Financials 13.81%
5 Consumer Discretionary 8.99%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GMLP
26
DELISTED
Golar LNG Partners LP
GMLP
$933K 0.71%
361,730
-28,270
-7% -$67.2K
STCN
27
DELISTED
Steel Connect, Inc. Common Stock
STCN
$629K 0.48%
85,647
– –
BMY.RT
28
DELISTED
Bristol-Myers Squibb Company Contingent Value Rights
BMY.RT
$621K 0.47%
900,000
– –
CLDT
29
Chatham Lodging
CLDT
$629M
$86K 0.07%
+7,924
New +$75.9K
FGNX
30
FG Nexus Inc
FGNX
$44.2M
– –
-3,911
Closed -$1.88M
1
2

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Breakout Capital Partners New York $174M AUM 7.98% 1-Year Est. Return
LCWM
Legacy Capital Wealth Management The Woodlands, Texas $174M AUM
GWAM
Guardian Wealth Advisors (Minnesota) St Louis Park, Minnesota $174M AUM 17.98% 1-Year Est. Return
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 Q4 2020 Portfolio in Review

As of Q4 2020, Solas Capital Management held 30 positions worth $131M, up 26% from $104M the previous quarter. Its ten largest holdings account for 61% of the portfolio.

Solas Capital Management withdrew a net $5.61M in Q4 2020, closing 1 position and reducing 8 holdings. Its most notable exit was FG Nexus Inc, an estimated $1.88M position sold in full.

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

Against the trend, Solas Capital Management opened a new position in Concentrix worth $3.02M.

  • Solas Capital Management's largest Q4 2020 buy was Concentrix: 30,600 shares worth $3.02M.
  • Solas Capital Management added most to Bankwell Financial Group in Q4 2020, an estimated $41K increase.
  • Solas Capital Management's biggest Q4 2020 reduction was Emcore Corp, cutting an estimated $3.97M.
  • Solas Capital Management fully exited FG Nexus Inc in Q4 2020, selling an estimated $1.88M.
  • Solas Capital Management's ten largest holdings make up 61% of its $131M portfolio in Q4 2020.
  • Solas Capital Management opened 5 new positions and closed 1 in Q4 2020.
  • Solas Capital Management's portfolio value rose 26% quarter-over-quarter to $131M.

Based on Solas Capital Management's 13F filing for Q4 2020, filed 16 Feb 2021.