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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
+30.54%
1 Year Est. Return
+6.33%
3 Year Est. Return
+41.54%
5 Year Est. Return
+46.6%
10 Year Est. Return
–
AUM
$119M
AUM Growth
-$12.2M
Cap. Flow
-$39.5M
Cap. Flow %
-33.19%
Top 10 Hldgs %
67.36%
Holding
33
New
4
Increased
2
Reduced
9
Closed
10

Top Buys

Rank Stock Value
1
GLNG icon
Golar LNG
GLNG
+$11.2M
2
AAN
The Aaron's Company Inc
AAN
+$6.21M
3
VST icon
Vistra
VST
+$4.77M
4
RRD
RR Donnelley & Sons Co.
RRD
+$3.17M
5
SFE
Safeguard Scientifics, Inc.
SFE
+$655K

Top Sells

Rank Stock Value
1
NWSA icon
News Corp Class A
NWSA
+$10.8M
2
BBW icon
Build-A-Bear
BBW
+$7.19M
3
EMKR
Emcore Corp
EMKR
+$6.4M
4
CAKE icon
Cheesecake Factory
CAKE
+$5.37M
5
AUD
Audacy, Inc.
AUD
+$4.95M

Sector Composition

Rank Sector Weight
1 Industrials 28.28%
2 Energy 28.19%
3 Financials 17.2%
4 Communication Services 9.87%
5 Healthcare 6.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CLDT
26
Chatham Lodging
CLDT
$629M
– –
-7,924
Closed -$86K
CNXC icon
27
Concentrix
CNXC
$1.56B
– –
-30,600
Closed -$3.02M
NWSA icon
28
News Corp Class A
NWSA
$15.5B
– –
-600,000
Closed -$10.8M
TTI icon
29
TETRA Technologies
TTI
$1.28B
– –
-1,146,595
Closed -$988K
IEC
30
DELISTED
IEC Electronics Corp.
IEC
– –
-280,000
Closed -$3.79M
BMY.RT
31
DELISTED
Bristol-Myers Squibb Company Contingent Value Rights
BMY.RT
– –
-900,000
Closed -$621K
ESTE
32
DELISTED
Earthstone Energy Inc. Class A Common Stock
ESTE
– –
-900,000
Closed -$4.8M
EMKR
33
DELISTED
Emcore Corp
EMKR
– –
-117,500
Closed -$6.4M
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 Q1 2021 Portfolio in Review

As of Q1 2021, Solas Capital Management held 33 positions worth $119M, down 9.3% from $131M the previous quarter. Its ten largest holdings account for 67% of the portfolio.

Solas Capital Management withdrew a net $39.5M in Q1 2021, closing 10 positions and reducing 9 holdings. Its most notable exit was News Corp Class A, an estimated $10.8M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 28% of assets, up from 15% a quarter earlier, followed by Energy and Financials.

Against the trend, Solas Capital Management opened a new position in Golar LNG worth $10.2M.

  • Solas Capital Management's largest Q1 2021 buy was Golar LNG: 1,000,000 shares worth $10.2M.
  • Solas Capital Management added most to Safeguard Scientifics, Inc. in Q1 2021, an estimated $655K increase.
  • Solas Capital Management's biggest Q1 2021 reduction was Build-A-Bear, cutting an estimated $7.19M.
  • Solas Capital Management fully exited News Corp Class A in Q1 2021, selling an estimated $10.8M.
  • Solas Capital Management's ten largest holdings make up 67% of its $119M portfolio in Q1 2021.
  • Solas Capital Management opened 4 new positions and closed 10 in Q1 2021.
  • Solas Capital Management's portfolio value fell 9.3% quarter-over-quarter to $119M.

Based on Solas Capital Management's 13F filing for Q1 2021, filed 17 May 2021.