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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
-6.16%
1 Year Est. Return
+6.33%
3 Year Est. Return
+41.54%
5 Year Est. Return
+46.6%
10 Year Est. Return
–
AUM
$187M
AUM Growth
+$20.5M
Cap. Flow
+$38.1M
Cap. Flow %
20.34%
Top 10 Hldgs %
63.41%
Holding
31
New
5
Increased
12
Reduced
5
Closed
5

Top Buys

Rank Stock Value
1
SG icon
Sweetgreen
SG
+$13.9M
2
GAP
The Gap Inc
GAP
+$10.1M
3
ZIMV
ZimVie
ZIMV
+$9.2M
4
CRC icon
California Resources
CRC
+$9.02M
5
FLEX icon
Flex
FLEX
+$5.05M

Top Sells

Rank Stock Value
1
FRG
Franchise Group, Inc.
FRG
+$6.19M
2
WBD icon
Warner Bros
WBD
+$5.69M
3
LILAK icon
Liberty Latin America Class C
LILAK
+$4.02M
4
GTXAP
Garrett Motion Inc. Series A Cumulative Convertible Preferred Stock
GTXAP
+$3.18M
5
QMCO icon
Quantum Corp
QMCO
+$1.77M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 22.32%
2 Technology 19.01%
3 Energy 15.28%
4 Healthcare 13.85%
5 Industrials 10.1%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AUD
26
DELISTED
Audacy, Inc.
AUD
$605K 0.32%
4,489,355
+290,000
+7% +$66.7K
CCK icon
27
Crown Holdings
CCK
$13.2B
– –
-9,600
Closed -$789K
UPBD icon
28
Upbound Group
UPBD
$1.2B
– –
-24,960
Closed -$563K
WBD icon
29
Warner Bros
WBD
$64.7B
– –
-600,000
Closed -$5.69M
X
30
DELISTED
US Steel
X
– –
-24,000
Closed -$601K
FRG
31
DELISTED
Franchise Group, Inc.
FRG
– –
-259,700
Closed -$6.19M
1
2

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GWAM
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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 2023 Portfolio in Review

As of Q1 2023, Solas Capital Management held 31 positions worth $187M, up 12% from $167M the previous quarter. Its ten largest holdings account for 63% of the portfolio.

Solas Capital Management deployed $38.1M of net new capital in Q1 2023, opening 5 new positions and adding to 12 existing holdings. Its largest new stake was Sweetgreen: 1,575,574 shares worth $12.4M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 22% of assets, up from 12% a quarter earlier, followed by Technology and Energy.

On the sell side, the largest reduction was Liberty Latin America Class C, an estimated $4.02M trimmed.

  • Solas Capital Management's largest Q1 2023 buy was Sweetgreen: 1,575,574 shares worth $12.4M.
  • Solas Capital Management added most to ZimVie in Q1 2023, an estimated $9.2M increase.
  • Solas Capital Management's biggest Q1 2023 reduction was Liberty Latin America Class C, cutting an estimated $4.02M.
  • Solas Capital Management fully exited Franchise Group, Inc. in Q1 2023, selling an estimated $6.19M.
  • Solas Capital Management's ten largest holdings make up 63% of its $187M portfolio in Q1 2023.
  • Solas Capital Management opened 5 new positions and closed 5 in Q1 2023.
  • Solas Capital Management's portfolio value rose 12% quarter-over-quarter to $187M.

Based on Solas Capital Management's 13F filing for Q1 2023, filed 15 May 2023.