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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
+2.34%
1 Year Est. Return
+6.33%
3 Year Est. Return
+41.54%
5 Year Est. Return
+46.6%
10 Year Est. Return
–
AUM
$165M
AUM Growth
+$24.9M
Cap. Flow
+$21.9M
Cap. Flow %
13.25%
Top 10 Hldgs %
69.65%
Holding
31
New
7
Increased
7
Reduced
5
Closed
8

Top Buys

Rank Stock Value
1
GTXAP
Garrett Motion Inc. Series A Cumulative Convertible Preferred Stock
GTXAP
+$15.2M
2
FLEX icon
Flex
FLEX
+$9.1M
3
BJRI icon
BJ's Restaurants
BJRI
+$7.15M
4
ASTL icon
Algoma Steel
ASTL
+$5.92M
5
AAN
The Aaron's Company Inc
AAN
+$4.56M

Top Sells

Rank Stock Value
1
SWKH
SWK Holdings
SWKH
+$9.07M
2
JXN icon
Jackson Financial
JXN
+$7.03M
3
KD icon
Kyndryl
KD
+$6.61M
4
VST icon
Vistra
VST
+$5.98M
5
SLCA
U.S. SILICA HOLDINGS, INC.
SLCA
+$4.23M

Sector Composition

Rank Sector Weight
1 Energy 23.68%
2 Industrials 16.91%
3 Consumer Discretionary 12.46%
4 Communication Services 11.83%
5 Healthcare 10.48%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KD icon
26
Kyndryl
KD
$3.24B
– –
-365,000
Closed -$6.61M
PBF icon
27
PBF Energy
PBF
$7.81B
– –
-80,000
Closed -$1.04M
VST icon
28
Vistra
VST
$48.3B
– –
-262,500
Closed -$5.98M
SLCA
29
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
– –
-450,000
Closed -$4.23M
STCN
30
DELISTED
Steel Connect, Inc. Common Stock
STCN
– –
-92,972
Closed -$1.22M
ZVO
31
DELISTED
Zovio Inc. Common Stock
ZVO
– –
-1,010,403
Closed -$1.28M
1
2

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VWWMG
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GRA
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CFS
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AMD
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Solas Capital Management's Q1 2022 Portfolio in Review

As of Q1 2022, Solas Capital Management held 31 positions worth $165M, up 18% from $140M the previous quarter. Its ten largest holdings account for 70% of the portfolio.

Solas Capital Management deployed $21.9M of net new capital in Q1 2022, opening 7 new positions and adding to 7 existing holdings. Its largest new stake was Garrett Motion Inc. Series A Cumulative Convertible Preferred Stock: 1,897,367 shares worth $15.5M.

By sector, the portfolio is most concentrated in Energy at 24% of assets, down from 25% a quarter earlier, followed by Industrials and Consumer Discretionary.

On the sell side, the largest reduction was SWK Holdings, an estimated $9.07M trimmed.

  • Solas Capital Management's largest Q1 2022 buy was Garrett Motion Inc. Series A Cumulative Convertible Preferred Stock: 1,897,367 shares worth $15.5M.
  • Solas Capital Management added most to The Aaron's Company Inc in Q1 2022, an estimated $4.56M increase.
  • Solas Capital Management's biggest Q1 2022 reduction was SWK Holdings, cutting an estimated $9.07M.
  • Solas Capital Management fully exited Jackson Financial in Q1 2022, selling an estimated $7.03M.
  • Solas Capital Management's ten largest holdings make up 70% of its $165M portfolio in Q1 2022.
  • Solas Capital Management opened 7 new positions and closed 8 in Q1 2022.
  • Solas Capital Management's portfolio value rose 18% quarter-over-quarter to $165M.

Based on Solas Capital Management's 13F filing for Q1 2022, filed 16 May 2022.