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SCM

Solas Capital Management Portfolio holdings

AUM $174M
1-Year Est. Return 6.33%
This Fund
S&P 500
This Quarter Est. Return
-4.69%
1 Year Est. Return
+6.33%
3 Year Est. Return
+41.54%
5 Year Est. Return
+46.6%
10 Year Est. Return
–
AUM
$97.9M
AUM Growth
+$7.26M
Cap. Flow
+$12.3M
Cap. Flow %
12.55%
Top 10 Hldgs %
68.18%
Holding
27
New
4
Increased
11
Reduced
6
Closed
5

Top Buys

Rank Stock Value
1
VRS
Verso Corporation
VRS
+$8.08M
2
CPLG
CorePoint Lodging Inc. Common Stock
CPLG
+$5.7M
3
INAP
Internap Corporation
INAP
+$4M
4
FENC icon
Fennec Pharmaceuticals
FENC
+$3.6M
5
NWSA icon
News Corp Class A
NWSA
+$2.95M

Top Sells

Rank Stock Value
1
SRC
SPIRIT REALTY CAPITAL, INC.
SRC
+$5.75M
2
OCSL icon
Oaktree Specialty Lending
OCSL
+$4.85M
3
SITC icon
SITE Centers
SITC
+$3.76M
4
FRED
Fred's Inc
FRED
+$3.09M
5
GEG icon
Great Elm Group
GEG
+$1.82M

Sector Composition

Rank Sector Weight
1 Communication Services 25.09%
2 Industrials 18.28%
3 Technology 10.33%
4 Consumer Discretionary 9.96%
5 Real Estate 9.11%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NWSA icon
1
News Corp Class A
NWSA
$15.5B
$11.3M 11.58%
840,100
+241,500
+40% +$2.95M
GTX icon
2
Garrett Motion
GTX
$5.86B
$9.75M 9.96%
635,282
+50,282
+9% +$854K
BXC icon
3
BlueLinx
BXC
$502M
$7.82M 7.99%
394,700
+65,825
+20% +$1.5M
VRS
4
DELISTED
Verso Corporation
VRS
$7.62M 7.79%
+399,924
New +$8.08M
EMKR
5
DELISTED
Emcore Corp
EMKR
$5.92M 6.05%
180,097
+51,374
+40% +$1.91M
MSGN
6
DELISTED
MSG Networks Inc.
MSGN
$5.7M 5.83%
275,000
+88,200
+47% +$1.94M
CPLG
7
DELISTED
CorePoint Lodging Inc. Common Stock
CPLG
$5.58M 5.7%
+450,000
New +$5.7M
HIL
8
DELISTED
Hill International, Inc. Common Stock
HIL
$5.41M 5.52%
2,002,262
+588,281
+42% +$1.55M
AUD
9
DELISTED
Audacy, Inc.
AUD
$4.14M 4.23%
713,175
-11,825
-2% -$72.6K
RRTS
10
DELISTED
RoadRunner Transportation Systems, Inc.
RRTS
$3.45M 3.53%
361,346
+49,484
+16% +$503K
OCSL icon
11
Oaktree Specialty Lending
OCSL
$1.07B
$3.42M 3.49%
210,000
-300,200
-59% -$4.85M
FENC icon
12
Fennec Pharmaceuticals
FENC
$351M
$3.4M 3.47%
+849,979
New +$3.6M
INAP
13
DELISTED
Internap Corporation
INAP
$3.38M 3.46%
+1,123,796
New +$4M
SMTA
14
DELISTED
Spirit MTA REIT Common Shares of Beneficial Interest
SMTA
$3.34M 3.41%
400,000
+58,336
+17% +$430K
VRTS icon
15
Virtus Investment Partners
VRTS
$1.11B
$3.31M 3.38%
30,800
-11,200
-27% -$1.25M
IEC
16
DELISTED
IEC Electronics Corp.
IEC
$3.14M 3.21%
500,000
+75,000
+18% +$496K
FLEX icon
17
Flex
FLEX
$46.8B
$2.68M 2.74%
371,560
-66,350
-15% -$510K
ARTX
18
DELISTED
Arotech Corporation
ARTX
$2.59M 2.65%
1,303,300
+110,000
+9% +$275K
FGNX
19
FG Nexus Inc
FGNX
$44.2M
$2.18M 2.22%
3,519
-26
-0.7% -$17.4K
SPRT
20
DELISTED
support.com, Inc.
SPRT
$1.5M 1.53%
926,724
– –
STCN
21
DELISTED
Steel Connect, Inc. Common Stock
STCN
$1.22M 1.24%
71,579
-759
-1% -$13.4K
ALTO icon
22
Alto Ingredients
ALTO
$410M
$995K 1.02%
1,300,000
+500,000
+63% +$510K
GEG icon
23
Great Elm Group
GEG
$67.4M
– –
-427,694
Closed -$1.82M
SITC icon
24
SITE Centers
SITC
$166M
– –
-353,634
Closed -$3.76M
SRC
25
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
– –
-144,599
Closed -$5.75M
1
2

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Solas Capital Management's Q2 2019 Portfolio in Review

As of Q2 2019, Solas Capital Management held 27 positions worth $97.9M, up 8% from $90.6M the previous quarter. Its ten largest holdings account for 68% of the portfolio.

Solas Capital Management deployed $12.3M of net new capital in Q2 2019, opening 4 new positions and adding to 11 existing holdings. Its largest new stake was Verso Corporation: 399,924 shares worth $7.62M.

By sector, the portfolio is most concentrated in Communication Services at 25% of assets, up from 17% a quarter earlier, followed by Industrials and Technology.

On the sell side, the largest reduction was Oaktree Specialty Lending, an estimated $4.85M trimmed.

  • Solas Capital Management's largest Q2 2019 buy was Verso Corporation: 399,924 shares worth $7.62M.
  • Solas Capital Management added most to News Corp Class A in Q2 2019, an estimated $2.95M increase.
  • Solas Capital Management's biggest Q2 2019 reduction was Oaktree Specialty Lending, cutting an estimated $4.85M.
  • Solas Capital Management fully exited SPIRIT REALTY CAPITAL, INC. in Q2 2019, selling an estimated $5.75M.
  • Solas Capital Management's ten largest holdings make up 68% of its $97.9M portfolio in Q2 2019.
  • Solas Capital Management opened 4 new positions and closed 5 in Q2 2019.
  • Solas Capital Management's portfolio value rose 8% quarter-over-quarter to $97.9M.

Based on Solas Capital Management's 13F filing for Q2 2019, filed 14 Aug 2019.