We are live on
!
Find out more
SCM
Solas Capital Management Portfolio holdings
AUM
$174M
1-Year Est. Return
6.33%
This Fund
S&P 500
This Quarter
Est. Return
+2.34%
1 Year Est. Return
+6.33%
3 Year Est. Return
+41.54%
5 Year Est. Return
+46.6%
10 Year Est. Return
–
AUM
$165M
AUM Growth
+$24.9M
(+18%)
Cap. Flow
+$21.9M
Cap. Flow
% of AUM
13.25%
Top 10 Holdings %
Top 10 Hldgs %
69.65%
Holding
31
New
7
Increased
7
Reduced
5
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
GTXAP
Garrett Motion Inc. Series A Cumulative Convertible Preferred Stock
GTXAP
|
+$15.2M |
| 2 |
Flex
FLEX
|
+$9.1M |
| 3 |
BJ's Restaurants
BJRI
|
+$7.15M |
| 4 |
Algoma Steel
ASTL
|
+$5.92M |
| 5 |
AAN
The Aaron's Company Inc
AAN
|
+$4.56M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SWKH
SWK Holdings
SWKH
|
+$9.07M |
| 2 |
Jackson Financial
JXN
|
+$7.03M |
| 3 |
Kyndryl
KD
|
+$6.61M |
| 4 |
Vistra
VST
|
+$5.98M |
| 5 |
SLCA
U.S. SILICA HOLDINGS, INC.
SLCA
|
+$4.23M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 23.68% |
| 2 | Industrials | 16.91% |
| 3 | Consumer Discretionary | 12.46% |
| 4 | Communication Services | 11.83% |
| 5 | Healthcare | 10.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Epsilon Energy
EPSN
$169M
| $27.4M | 16.6% |
4,250,137
| – | – |
|
|
GTXAP
2
DELISTED
Garrett Motion Inc. Series A Cumulative Convertible Preferred Stock
GTXAP
| $15.5M | 9.38% |
+1,897,367
| New | +$15.2M |
|
3
Par Pacific Holdings
PARR
$4.18B
| $11.7M | 7.08% |
898,591
+298,591
| +50% | +$4.25M |
|
|
AAN
4
DELISTED
The Aaron's Company Inc
AAN
| $10.2M | 6.18% |
508,200
+208,200
| +69% | +$4.56M |
|
|
5
Flex
FLEX
$47.2B
| $9.96M | 6.03% |
+712,599
| New | +$9.1M |
|
|
ODP
6
DELISTED
ODP
ODP
| $9.85M | 5.97% |
215,000
-35,000
| -14% | -$1.53M |
|
7
Liberty Latin America Class C
LILAK
$1.67B
| $8.39M | 5.08% |
962,500
+396,000
| +70% | +$3.76M |
|
8
Kelly Services Class A
KELYA
$524M
| $8.15M | 4.94% |
376,000
-16,400
| -4% | -$319K |
|
|
AUD
9
DELISTED
Audacy, Inc.
AUD
| $7.11M | 4.3% |
2,458,900
+158,900
| +7% | +$420K |
|
|
10
Algoma Steel
ASTL
$441M
| $6.75M | 4.09% |
+600,000
| New | +$5.92M |
|
|
11
BJ's Restaurants
BJRI
$1.45B
| $6.65M | 4.03% |
+235,000
| New | +$7.15M |
|
12
Fennec Pharmaceuticals
FENC
$348M
| $6.42M | 3.89% |
1,145,796
+277,939
| +32% | +$1.4M |
|
|
HIL
13
DELISTED
Hill International, Inc. Common Stock
HIL
| $6.11M | 3.7% |
3,750,000
+1,232,096
| +49% | +$2.34M |
|
14
Sonida Senior Living
SNDA
$1.85B
| $5.89M | 3.57% |
177,935
+65,536
| +58% | +$2.05M |
|
15
Sylvamo
SLVM
$1.56B
| $4.66M | 2.82% |
140,000
-40,000
| -22% | -$1.33M |
|
16
Civeo
CVEO
$336M
| $4.08M | 2.47% |
+172,711
| New | +$3.81M |
|
17
Lee Enterprises
LEE
$180M
| $4.04M | 2.45% |
150,000
| – | – |
|
|
ONL
18
Orion Office REIT
ONL
$152M
| $3.56M | 2.16% |
+254,300
| New | +$4.29M |
|
|
GIFI
19
DELISTED
Gulf Island Fabrication
GIFI
| $3.46M | 2.09% |
881,717
| – | – |
|
20
Ardelyx
ARDX
$1.23B
| $2.94M | 1.78% |
2,750,000
| – | – |
|
21
Modular Medical
MODD
$11.7M
| $1.99M | 1.2% |
+15,072
| New | +$1.76M |
|
|
SWKH
22
DELISTED
SWK Holdings
SWKH
| $262K | 0.16% |
19,574
-611,426
| -97% | -$9.07M |
|
23
Processa Pharmaceuticals
PCSA
$6.03M
| $69K | 0.04% |
46
-346
| -88% | -$659K |
|
24
BlueLinx
BXC
$509M
| – | – |
-40,000
| Closed | -$3.83M |
|
|
25
Jackson Financial
JXN
$9.35B
| – | – |
-168,000
| Closed | -$7.03M |
|
Similar funds
BCP
LCWM
GWAM
VWWMG
GRA
CFS
CAM
AMD
Solas Capital Management's Q1 2022 Portfolio in Review
As of Q1 2022, Solas Capital Management held 31 positions worth $165M, up 18% from $140M the previous quarter. Its ten largest holdings account for 70% of the portfolio.
Solas Capital Management deployed $21.9M of net new capital in Q1 2022, opening 7 new positions and adding to 7 existing holdings. Its largest new stake was Garrett Motion Inc. Series A Cumulative Convertible Preferred Stock: 1,897,367 shares worth $15.5M.
By sector, the portfolio is most concentrated in Energy at 24% of assets, down from 25% a quarter earlier, followed by Industrials and Consumer Discretionary.
On the sell side, the largest reduction was SWK Holdings, an estimated $9.07M trimmed.
- Solas Capital Management's largest Q1 2022 buy was Garrett Motion Inc. Series A Cumulative Convertible Preferred Stock: 1,897,367 shares worth $15.5M.
- Solas Capital Management added most to The Aaron's Company Inc in Q1 2022, an estimated $4.56M increase.
- Solas Capital Management's biggest Q1 2022 reduction was SWK Holdings, cutting an estimated $9.07M.
- Solas Capital Management fully exited Jackson Financial in Q1 2022, selling an estimated $7.03M.
- Solas Capital Management's ten largest holdings make up 70% of its $165M portfolio in Q1 2022.
- Solas Capital Management opened 7 new positions and closed 8 in Q1 2022.
- Solas Capital Management's portfolio value rose 18% quarter-over-quarter to $165M.
Based on Solas Capital Management's 13F filing for Q1 2022, filed 16 May 2022.