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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
+37.27%
1 Year Est. Return
+6.33%
3 Year Est. Return
+41.54%
5 Year Est. Return
+46.6%
10 Year Est. Return
–
AUM
$131M
AUM Growth
+$26.7M
(+26%)
Cap. Flow
-$5.61M
Cap. Flow
% of AUM
-4.28%
Top 10 Holdings %
Top 10 Hldgs %
61.12%
Holding
30
New
5
Increased
3
Reduced
8
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Concentrix
CNXC
|
+$3.06M |
| 2 |
SFE
Safeguard Scientifics, Inc.
SFE
|
+$3.01M |
| 3 |
Processa Pharmaceuticals
PCSA
|
+$2.5M |
| 4 |
TETRA Technologies
TTI
|
+$786K |
| 5 |
CLDT
Chatham Lodging
CLDT
|
+$75.9K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EMKR
Emcore Corp
EMKR
|
+$3.97M |
| 2 |
BlueLinx
BXC
|
+$3.73M |
| 3 |
IEC
IEC Electronics Corp.
IEC
|
+$2.49M |
| 4 |
FGNX
FG Nexus Inc
FGNX
|
+$1.88M |
| 5 |
Liberty Latin America Class C
LILAK
|
+$1.47M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 20.48% |
| 2 | Communication Services | 17.05% |
| 3 | Industrials | 15.17% |
| 4 | Financials | 13.81% |
| 5 | Consumer Discretionary | 8.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Epsilon Energy
EPSN
$170M
| $14.6M | 11.1% |
3,921,938
| – | – |
|
2
News Corp Class A
NWSA
$15.5B
| $10.8M | 8.23% |
600,000
| – | – |
|
|
3
BlueLinx
BXC
$502M
| $9.78M | 7.46% |
334,073
-145,927
| -30% | -$3.73M |
|
|
SWKH
4
DELISTED
SWK Holdings
SWKH
| $8.14M | 6.21% |
713,494
-30,758
| -4% | -$356K |
|
5
Build-A-Bear
BBW
$430M
| $6.41M | 4.89% |
1,500,000
| – | – |
|
|
EMKR
6
DELISTED
Emcore Corp
EMKR
| $6.4M | 4.89% |
117,500
-99,693
| -46% | -$3.97M |
|
|
CPLG
7
DELISTED
CorePoint Lodging Inc. Common Stock
CPLG
| $6.37M | 4.86% |
925,878
+878
| +0.1% | +$5.33K |
|
8
Marathon Petroleum
MPC
$91.3B
| $6.35M | 4.84% |
153,500
-31,500
| -17% | -$1.13M |
|
9
Fennec Pharmaceuticals
FENC
$351M
| $5.96M | 4.55% |
800,000
| – | – |
|
10
Cheesecake Factory
CAKE
$5.26B
| $5.37M | 4.1% |
145,000
| – | – |
|
|
HIL
11
DELISTED
Hill International, Inc. Common Stock
HIL
| $5.26M | 4.01% |
2,740,000
| – | – |
|
|
ESTE
12
DELISTED
Earthstone Energy Inc. Class A Common Stock
ESTE
| $4.8M | 3.66% |
900,000
| – | – |
|
13
Oaktree Specialty Lending
OCSL
$1.07B
| $4.39M | 3.35% |
262,796
| – | – |
|
|
AUD
14
DELISTED
Audacy, Inc.
AUD
| $4.21M | 3.21% |
1,703,005
+3,005
| +0.2% | +$6.14K |
|
|
IEC
15
DELISTED
IEC Electronics Corp.
IEC
| $3.79M | 2.89% |
280,000
-245,000
| -47% | -$2.49M |
|
|
16
Liberty Latin America Class C
LILAK
$1.67B
| $3.77M | 2.88% |
374,000
-148,500
| -28% | -$1.47M |
|
17
Lee Enterprises
LEE
$181M
| $3.59M | 2.74% |
284,798
| – | – |
|
|
SFE
18
DELISTED
Safeguard Scientifics, Inc.
SFE
| $3.08M | 2.35% |
+482,277
| New | +$3.01M |
|
|
19
Concentrix
CNXC
$1.56B
| $3.02M | 2.3% |
+30,600
| New | +$3.06M |
|
|
20
Processa Pharmaceuticals
PCSA
$5.87M
| $2.97M | 2.26% |
+900
| New | +$2.5M |
|
21
AdvanSix
ASIX
$546M
| $2.9M | 2.21% |
145,000
| – | – |
|
22
Bankwell Financial Group
BWFG
$537M
| $2.5M | 1.9% |
127,623
+2,359
| +2% | +$41K |
|
|
GIFI
23
DELISTED
Gulf Island Fabrication
GIFI
| $2.29M | 1.75% |
750,000
| – | – |
|
24
PBF Energy
PBF
$7.81B
| $1.15M | 0.87% |
161,365
-635
| -0.4% | -$4.14K |
|
|
25
TETRA Technologies
TTI
$1.28B
| $988K | 0.75% |
+1,146,595
| New | +$786K |
|
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Solas Capital Management's Q4 2020 Portfolio in Review
As of Q4 2020, Solas Capital Management held 30 positions worth $131M, up 26% from $104M the previous quarter. Its ten largest holdings account for 61% of the portfolio.
Solas Capital Management withdrew a net $5.61M in Q4 2020, closing 1 position and reducing 8 holdings. Its most notable exit was FG Nexus Inc, an estimated $1.88M position sold in full.
By sector, the portfolio is most concentrated in Energy at 20% of assets, up from 20% a quarter earlier, followed by Communication Services and Industrials.
Against the trend, Solas Capital Management opened a new position in Concentrix worth $3.02M.
- Solas Capital Management's largest Q4 2020 buy was Concentrix: 30,600 shares worth $3.02M.
- Solas Capital Management added most to Bankwell Financial Group in Q4 2020, an estimated $41K increase.
- Solas Capital Management's biggest Q4 2020 reduction was Emcore Corp, cutting an estimated $3.97M.
- Solas Capital Management fully exited FG Nexus Inc in Q4 2020, selling an estimated $1.88M.
- Solas Capital Management's ten largest holdings make up 61% of its $131M portfolio in Q4 2020.
- Solas Capital Management opened 5 new positions and closed 1 in Q4 2020.
- Solas Capital Management's portfolio value rose 26% quarter-over-quarter to $131M.
Based on Solas Capital Management's 13F filing for Q4 2020, filed 16 Feb 2021.