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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
+4.17%
1 Year Est. Return
+6.33%
3 Year Est. Return
+41.54%
5 Year Est. Return
+46.6%
10 Year Est. Return
–
AUM
$150M
AUM Growth
-$37M
Cap. Flow
-$41.8M
Cap. Flow %
-27.84%
Top 10 Hldgs %
71.81%
Holding
27
New
1
Increased
10
Reduced
5
Closed
6

Top Buys

Rank Stock Value
1
GTX icon
Garrett Motion
GTX
+$5.32M
2
SPWH icon
Sportsman's Warehouse
SPWH
+$3.7M
3
CVEO icon
Civeo
CVEO
+$2.84M
4
ASTL icon
Algoma Steel
ASTL
+$1.97M
5
FENC icon
Fennec Pharmaceuticals
FENC
+$1.28M

Top Sells

Rank Stock Value
1
ZIMV
ZimVie
ZIMV
+$12.4M
2
SG icon
Sweetgreen
SG
+$12.4M
3
CGNT icon
Cognyte Software
CGNT
+$9.11M
4
VYX icon
NCR Voyix
VYX
+$6.46M
5
FLEX icon
Flex
FLEX
+$5.06M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 24.93%
2 Energy 17.59%
3 Industrials 14.16%
4 Technology 12.7%
5 Healthcare 11.02%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GTXAP
26
DELISTED
Garrett Motion Inc. Series A Cumulative Convertible Preferred Stock
GTXAP
– –
-497,000
Closed -$4.42M
AUD
27
DELISTED
Audacy, Inc.
AUD
– –
-4,489,355
Closed -$605K
1
2

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VWWMG
Vermillion & White Wealth Management Group Phoenixville, Pennsylvania $174M AUM 15.31% 1-Year Est. Return
GRA
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CFS
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AMD
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Solas Capital Management's Q2 2023 Portfolio in Review

As of Q2 2023, Solas Capital Management held 27 positions worth $150M, down 20% from $187M the previous quarter. Its ten largest holdings account for 72% of the portfolio.

Solas Capital Management withdrew a net $41.8M in Q2 2023, closing 6 positions and reducing 5 holdings. Its most notable exit was ZimVie, an estimated $12.4M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 25% of assets, up from 22% a quarter earlier, followed by Energy and Industrials.

Against the trend, Solas Capital Management opened a new position in Garrett Motion worth $5.02M.

  • Solas Capital Management's largest Q2 2023 buy was Garrett Motion: 662,502 shares worth $5.02M.
  • Solas Capital Management added most to Sportsman's Warehouse in Q2 2023, an estimated $3.7M increase.
  • Solas Capital Management's biggest Q2 2023 reduction was Cognyte Software, cutting an estimated $9.11M.
  • Solas Capital Management fully exited ZimVie in Q2 2023, selling an estimated $12.4M.
  • Solas Capital Management's ten largest holdings make up 72% of its $150M portfolio in Q2 2023.
  • Solas Capital Management opened 1 new position and closed 6 in Q2 2023.
  • Solas Capital Management's portfolio value fell 20% quarter-over-quarter to $150M.

Based on Solas Capital Management's 13F filing for Q2 2023, filed 14 Aug 2023.