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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
+16.32%
1 Year Est. Return
+6.33%
3 Year Est. Return
+41.54%
5 Year Est. Return
+46.6%
10 Year Est. Return
–
AUM
$143M
AUM Growth
+$23.6M
(+20%)
Cap. Flow
+$5.73M
Cap. Flow
% of AUM
4.02%
Top 10 Holdings %
Top 10 Hldgs %
61.9%
Holding
27
New
4
Increased
12
Reduced
7
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ODP
ODP
ODP
|
+$6.17M |
| 2 |
Laureate Education
LAUR
|
+$6.08M |
| 3 |
Garrett Motion
GTX
|
+$3.82M |
| 4 |
ZVO
Zovio Inc. Common Stock
ZVO
|
+$3.09M |
| 5 |
Vistra
VST
|
+$1.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Marathon Petroleum
MPC
|
+$6.88M |
| 2 |
Golar LNG
GLNG
|
+$6.4M |
| 3 |
AAN
The Aaron's Company Inc
AAN
|
+$5M |
| 4 |
Build-A-Bear
BBW
|
+$2.28M |
| 5 |
BlueLinx
BXC
|
+$1.45M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 24.01% |
| 2 | Energy | 20.07% |
| 3 | Financials | 17.96% |
| 4 | Communication Services | 9.43% |
| 5 | Consumer Discretionary | 7.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Epsilon Energy
EPSN
$170M
| $21.3M | 14.91% |
4,250,137
+328,199
| +8% | +$1.35M |
|
|
2
BlueLinx
BXC
$502M
| $10.1M | 7.06% |
200,000
-29,390
| -13% | -$1.45M |
|
|
SWKH
3
DELISTED
SWK Holdings
SWKH
| $9.81M | 6.89% |
705,644
-7,850
| -1% | -$103K |
|
|
RRD
4
DELISTED
RR Donnelley & Sons Co.
RRD
| $8.16M | 5.73% |
1,300,000
+300,000
| +30% | +$1.64M |
|
|
ODP
5
DELISTED
ODP
ODP
| $6.72M | 4.72% |
+140,000
| New | +$6.17M |
|
|
SFE
6
DELISTED
Safeguard Scientifics, Inc.
SFE
| $6.6M | 4.63% |
850,000
+277,518
| +48% | +$1.89M |
|
|
CPLG
7
DELISTED
CorePoint Lodging Inc. Common Stock
CPLG
| $6.52M | 4.57% |
609,000
-43,503
| -7% | -$437K |
|
|
8
Vistra
VST
$48.3B
| $6.49M | 4.56% |
350,000
+110,000
| +46% | +$1.9M |
|
9
Fennec Pharmaceuticals
FENC
$351M
| $6.33M | 4.44% |
867,857
+67,857
| +8% | +$453K |
|
|
HIL
10
DELISTED
Hill International, Inc. Common Stock
HIL
| $6.27M | 4.4% |
2,517,904
+187,904
| +8% | +$501K |
|
|
11
Laureate Education
LAUR
$5.2B
| $6.24M | 4.38% |
+430,000
| New | +$6.08M |
|
|
12
Golar LNG
GLNG
$5.03B
| $6.13M | 4.3% |
462,527
-537,473
| -54% | -$6.4M |
|
13
Oaktree Specialty Lending
OCSL
$1.07B
| $5.74M | 4.03% |
285,785
+22,989
| +9% | +$460K |
|
14
Liberty Latin America Class C
LILAK
$1.67B
| $5.16M | 3.62% |
402,386
+28,386
| +8% | +$364K |
|
15
Lee Enterprises
LEE
$181M
| $4.45M | 3.12% |
157,095
+11,798
| +8% | +$348K |
|
|
16
Garrett Motion
GTX
$5.86B
| $4.14M | 2.91% |
+518,976
| New | +$3.82M |
|
|
AAN
17
DELISTED
The Aaron's Company Inc
AAN
| $4M | 2.81% |
125,000
-158,500
| -56% | -$5M |
|
|
GIFI
18
DELISTED
Gulf Island Fabrication
GIFI
| $3.98M | 2.8% |
881,717
+131,717
| +18% | +$592K |
|
|
AUD
19
DELISTED
Audacy, Inc.
AUD
| $3.83M | 2.69% |
889,528
+205,055
| +30% | +$942K |
|
20
Bankwell Financial Group
BWFG
$537M
| $3.45M | 2.42% |
124,749
-2,874
| -2% | -$80.5K |
|
|
ZVO
21
DELISTED
Zovio Inc. Common Stock
ZVO
| $2.62M | 1.84% |
+1,010,403
| New | +$3.09M |
|
|
STCN
22
DELISTED
Steel Connect, Inc. Common Stock
STCN
| $1.74M | 1.22% |
92,972
+7,325
| +9% | +$137K |
|
23
Processa Pharmaceuticals
PCSA
$5.87M
| $1.61M | 1.13% |
392
-8
| -2% | -$30.9K |
|
24
PBF Energy
PBF
$7.81B
| $1.22M | 0.86% |
80,000
| – | – |
|
|
25
Build-A-Bear
BBW
$430M
| – | – |
-329,921
| Closed | -$2.28M |
|
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Solas Capital Management's Q2 2021 Portfolio in Review
As of Q2 2021, Solas Capital Management held 27 positions worth $143M, up 20% from $119M the previous quarter. Its ten largest holdings account for 62% of the portfolio.
Solas Capital Management deployed $5.73M of net new capital in Q2 2021, opening 4 new positions and adding to 12 existing holdings. Its largest new stake was ODP: 140,000 shares worth $6.72M.
By sector, the portfolio is most concentrated in Industrials at 24% of assets, down from 28% a quarter earlier, followed by Energy and Financials.
On the sell side, the largest reduction was Golar LNG, an estimated $6.4M trimmed.
- Solas Capital Management's largest Q2 2021 buy was ODP: 140,000 shares worth $6.72M.
- Solas Capital Management added most to Vistra in Q2 2021, an estimated $1.9M increase.
- Solas Capital Management's biggest Q2 2021 reduction was Golar LNG, cutting an estimated $6.4M.
- Solas Capital Management fully exited Marathon Petroleum in Q2 2021, selling an estimated $6.88M.
- Solas Capital Management's ten largest holdings make up 62% of its $143M portfolio in Q2 2021.
- Solas Capital Management opened 4 new positions and closed 3 in Q2 2021.
- Solas Capital Management's portfolio value rose 20% quarter-over-quarter to $143M.
Based on Solas Capital Management's 13F filing for Q2 2021, filed 16 Aug 2021.