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SCM
Solas Capital Management Portfolio holdings
AUM
$187M
1-Year Est. Return
12.91%
This Fund
S&P 500
This Quarter
Est. Return
-4.69%
1 Year Est. Return
+12.91%
3 Year Est. Return
+62.45%
5 Year Est. Return
+50.69%
10 Year Est. Return
–
AUM
$97.9M
AUM Growth
+$7.26M
(+8%)
Cap. Flow
+$12.3M
Cap. Flow
% of AUM
12.55%
Top 10 Holdings %
Top 10 Hldgs %
68.18%
Holding
27
New
4
Increased
11
Reduced
6
Closed
5
Avg Time Held
1.5
quarters
Top 10 Avg Time Held
1.3
quarters
Top 20 Avg Time Held
1.5
quarters
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 |
Fennec Pharmaceuticals
FENC
|
+$3.6M |
| 5 |
News Corp Class A
NWSA
|
+$2.95M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SRC
SPIRIT REALTY CAPITAL, INC.
SRC
|
+$5.75M |
| 2 |
Oaktree Specialty Lending
OCSL
|
+$4.85M |
| 3 |
SITE Centers
SITC
|
+$3.76M |
| 4 |
FRED
Fred's Inc
FRED
|
+$3.09M |
| 5 |
Great Elm Group
GEG
|
+$1.82M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 25.09% |
| 2 | Industrials | 20.93% |
| 3 | Technology | 13.53% |
| 4 | Consumer Discretionary | 9.96% |
| 5 | Real Estate | 9.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
News Corp Class A
NWSA
$15.8B
| $11.3M | 11.58% |
840,100
+241,500
| +40% | +$2.95M |
2018 Q4
2 quarters
|
|
2
Garrett Motion
GTX
$4.83B
| $9.75M | 9.96% |
635,282
+50,282
| +9% | +$854K |
2018 Q4
2 quarters
|
|
3
BlueLinx
BXC
$556M
| $7.82M | 7.99% |
394,700
+65,825
| +20% | +$1.5M |
2018 Q4
2 quarters
|
|
|
VRS
4
DELISTED
Verso Corporation
VRS
| $7.62M | 7.79% |
+399,924
| New | +$8.08M |
2019 Q2
0 quarters
|
|
5
DELISTED
Emcore Corp
EMKR
| $5.92M | 6.05% |
180,097
+51,374
| +40% | +$1.91M |
2018 Q4
2 quarters
|
|
|
MSGN
6
DELISTED
MSG Networks Inc.
MSGN
| $5.7M | 5.83% |
275,000
+88,200
| +47% | +$1.94M |
2018 Q4
2 quarters
|
|
|
CPLG
7
DELISTED
CorePoint Lodging Inc. Common Stock
CPLG
| $5.58M | 5.7% |
+450,000
| New | +$5.7M |
2019 Q2
0 quarters
|
|
|
HIL
8
DELISTED
Hill International, Inc. Common Stock
HIL
| $5.41M | 5.52% |
2,002,262
+588,281
| +42% | +$1.55M |
2018 Q4
2 quarters
|
|
|
AUD
9
DELISTED
Audacy, Inc.
AUD
| $4.14M | 4.23% |
713,175
-11,825
| -2% | -$72.6K |
2018 Q4
2 quarters
|
|
|
RRTS
10
DELISTED
RoadRunner Transportation Systems, Inc.
RRTS
| $3.45M | 3.53% |
361,346
+49,484
| +16% | +$503K |
2019 Q1
1 quarter
|
|
|
11
Oaktree Specialty Lending
OCSL
$1.04B
| $3.42M | 3.49% |
210,000
-300,200
| -59% | -$4.85M |
2018 Q4
2 quarters
|
|
|
12
Fennec Pharmaceuticals
FENC
$374M
| $3.4M | 3.47% |
+849,979
| New | +$3.6M |
2019 Q2
0 quarters
|
|
|
INAP
13
DELISTED
Internap Corporation
INAP
| $3.38M | 3.46% |
+1,123,796
| New | +$4M |
2019 Q2
0 quarters
|
|
|
SMTA
14
DELISTED
Spirit MTA REIT Common Shares of Beneficial Interest
SMTA
| $3.34M | 3.41% |
400,000
+58,336
| +17% | +$430K |
2018 Q4
2 quarters
|
|
15
Virtus Investment Partners
VRTS
$866M
| $3.31M | 3.38% |
30,800
-11,200
| -27% | -$1.25M |
2018 Q4
2 quarters
|
|
|
IEC
16
DELISTED
IEC Electronics Corp.
IEC
| $3.14M | 3.21% |
500,000
+75,000
| +18% | +$496K |
2018 Q4
2 quarters
|
|
17
Flex
FLEX
$43.5B
| $2.68M | 2.74% |
371,560
-66,350
| -15% | -$510K |
2018 Q4
2 quarters
|
|
|
ARTX
18
DELISTED
Arotech Corporation
ARTX
| $2.59M | 2.65% |
1,303,300
+110,000
| +9% | +$275K |
2018 Q4
2 quarters
|
|
19
FG Communities Holdings Inc. Common Stock
FGC
$29.5M
| $2.18M | 2.22% |
3,519
-26
| -0.7% | -$17.4K |
2018 Q4
2 quarters
|
|
|
SPRT
20
DELISTED
support.com, Inc.
SPRT
| $1.5M | 1.53% |
926,724
| – | – |
2018 Q4
2 quarters
|
|
21
DELISTED
Steel Connect, Inc. Common Stock
STCN
| $1.22M | 1.24% |
71,579
-759
| -1% | -$13.4K |
2018 Q4
2 quarters
|
|
22
Alto Ingredients
ALTO
$285M
| $995K | 1.02% |
1,300,000
+500,000
| +63% | +$510K |
2019 Q1
1 quarter
|
|
|
23
Great Elm Group
GEG
$63.9M
| – | – |
-427,694
| Closed | -$1.82M | – |
|
|
24
SITE Centers
SITC
$163M
| – | – |
-353,634
| Closed | -$3.76M | – |
|
|
SRC
25
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| – | – |
-144,599
| Closed | -$5.75M | – |
|
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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.