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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
+30.54%
1 Year Est. Return
+6.33%
3 Year Est. Return
+41.54%
5 Year Est. Return
+46.6%
10 Year Est. Return
–
AUM
$119M
AUM Growth
-$12.2M
(-9.3%)
Cap. Flow
-$39.5M
Cap. Flow
% of AUM
-33.19%
Top 10 Holdings %
Top 10 Hldgs %
67.36%
Holding
33
New
4
Increased
2
Reduced
9
Closed
10
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Golar LNG
GLNG
|
+$11.2M |
| 2 |
AAN
The Aaron's Company Inc
AAN
|
+$6.21M |
| 3 |
Vistra
VST
|
+$4.77M |
| 4 |
RRD
RR Donnelley & Sons Co.
RRD
|
+$3.17M |
| 5 |
SFE
Safeguard Scientifics, Inc.
SFE
|
+$655K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
News Corp Class A
NWSA
|
+$10.8M |
| 2 |
Build-A-Bear
BBW
|
+$7.19M |
| 3 |
EMKR
Emcore Corp
EMKR
|
+$6.4M |
| 4 |
Cheesecake Factory
CAKE
|
+$5.37M |
| 5 |
AUD
Audacy, Inc.
AUD
|
+$4.95M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 28.28% |
| 2 | Energy | 28.19% |
| 3 | Financials | 17.2% |
| 4 | Communication Services | 9.87% |
| 5 | Healthcare | 6.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Epsilon Energy
EPSN
$169M
| $15.3M | 12.85% |
3,921,938
| – | – |
|
|
2
Golar LNG
GLNG
$5.02B
| $10.2M | 8.6% |
+1,000,000
| New | +$11.2M |
|
3
BlueLinx
BXC
$509M
| $8.99M | 7.56% |
229,390
-104,683
| -31% | -$4.07M |
|
|
SWKH
4
DELISTED
SWK Holdings
SWKH
| $8.22M | 6.91% |
713,494
| – | – |
|
|
HIL
5
DELISTED
Hill International, Inc. Common Stock
HIL
| $7.46M | 6.27% |
2,330,000
-410,000
| -15% | -$1.06M |
|
|
AAN
6
DELISTED
The Aaron's Company Inc
AAN
| $7.28M | 6.12% |
+283,500
| New | +$6.21M |
|
7
Marathon Petroleum
MPC
$91.1B
| $6.88M | 5.79% |
128,630
-24,870
| -16% | -$1.26M |
|
|
CPLG
8
DELISTED
CorePoint Lodging Inc. Common Stock
CPLG
| $5.89M | 4.96% |
652,503
-273,375
| -30% | -$2.22M |
|
9
Fennec Pharmaceuticals
FENC
$348M
| $4.97M | 4.18% |
800,000
| – | – |
|
10
Oaktree Specialty Lending
OCSL
$1.07B
| $4.89M | 4.11% |
262,796
| – | – |
|
11
Liberty Latin America Class C
LILAK
$1.67B
| $4.41M | 3.71% |
374,000
| – | – |
|
|
12
Vistra
VST
$48.6B
| $4.24M | 3.57% |
+240,000
| New | +$4.77M |
|
|
RRD
13
DELISTED
RR Donnelley & Sons Co.
RRD
| $4.06M | 3.42% |
+1,000,000
| New | +$3.17M |
|
|
SFE
14
DELISTED
Safeguard Scientifics, Inc.
SFE
| $3.9M | 3.28% |
572,482
+90,205
| +19% | +$655K |
|
15
Lee Enterprises
LEE
$180M
| $3.73M | 3.14% |
145,297
-139,501
| -49% | -$2.79M |
|
|
AUD
16
DELISTED
Audacy, Inc.
AUD
| $3.59M | 3.02% |
684,473
-1,018,532
| -60% | -$4.95M |
|
17
Bankwell Financial Group
BWFG
$541M
| $3.44M | 2.89% |
127,623
| – | – |
|
|
GIFI
18
DELISTED
Gulf Island Fabrication
GIFI
| $2.9M | 2.44% |
750,000
| – | – |
|
|
19
Build-A-Bear
BBW
$428M
| $2.28M | 1.91% |
329,921
-1,170,079
| -78% | -$7.19M |
|
20
Processa Pharmaceuticals
PCSA
$5.98M
| $2.18M | 1.83% |
400
-500
| -56% | -$2.33M |
|
|
STCN
21
DELISTED
Steel Connect, Inc. Common Stock
STCN
| $1.58M | 1.33% |
85,647
| – | – |
|
|
GMLP
22
DELISTED
Golar LNG Partners LP
GMLP
| $1.36M | 1.14% |
388,930
+27,200
| +8% | +$91.8K |
|
23
PBF Energy
PBF
$7.82B
| $1.13M | 0.95% |
80,000
-81,365
| -50% | -$972K |
|
24
AdvanSix
ASIX
$543M
| – | – |
-145,000
| Closed | -$2.9M |
|
|
25
Cheesecake Factory
CAKE
$5.23B
| – | – |
-145,000
| Closed | -$5.37M |
|
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AMD
Solas Capital Management's Q1 2021 Portfolio in Review
As of Q1 2021, Solas Capital Management held 33 positions worth $119M, down 9.3% from $131M the previous quarter. Its ten largest holdings account for 67% of the portfolio.
Solas Capital Management withdrew a net $39.5M in Q1 2021, closing 10 positions and reducing 9 holdings. Its most notable exit was News Corp Class A, an estimated $10.8M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 28% of assets, up from 15% a quarter earlier, followed by Energy and Financials.
Against the trend, Solas Capital Management opened a new position in Golar LNG worth $10.2M.
- Solas Capital Management's largest Q1 2021 buy was Golar LNG: 1,000,000 shares worth $10.2M.
- Solas Capital Management added most to Safeguard Scientifics, Inc. in Q1 2021, an estimated $655K increase.
- Solas Capital Management's biggest Q1 2021 reduction was Build-A-Bear, cutting an estimated $7.19M.
- Solas Capital Management fully exited News Corp Class A in Q1 2021, selling an estimated $10.8M.
- Solas Capital Management's ten largest holdings make up 67% of its $119M portfolio in Q1 2021.
- Solas Capital Management opened 4 new positions and closed 10 in Q1 2021.
- Solas Capital Management's portfolio value fell 9.3% quarter-over-quarter to $119M.
Based on Solas Capital Management's 13F filing for Q1 2021, filed 17 May 2021.