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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
-17.53%
1 Year Est. Return
+6.33%
3 Year Est. Return
+41.54%
5 Year Est. Return
+46.6%
10 Year Est. Return
–
AUM
$168M
AUM Growth
+$2.48M
Cap. Flow
+$37.6M
Cap. Flow %
22.46%
Top 10 Hldgs %
72.87%
Holding
26
New
3
Increased
12
Reduced
4
Closed
5

Top Buys

Rank Stock Value
1
FLEX icon
Flex
FLEX
+$9.67M
2
ASTL icon
Algoma Steel
ASTL
+$7.7M
3
SFM icon
Sprouts Farmers Market
SFM
+$6.39M
4
BJRI icon
BJ's Restaurants
BJRI
+$6.17M
5
AAN
The Aaron's Company Inc
AAN
+$6.03M

Top Sells

Rank Stock Value
1
KELYA icon
Kelly Services Class A
KELYA
+$8.15M
2
EPSN icon
Epsilon Energy
EPSN
+$6.4M
3
PARR icon
Par Pacific Holdings
PARR
+$4.96M
4
SLVM icon
Sylvamo
SLVM
+$4.66M
5
CVEO icon
Civeo
CVEO
+$4.08M

Sector Composition

Rank Sector Weight
1 Energy 17.05%
2 Technology 14%
3 Industrials 13.38%
4 Consumer Discretionary 12.31%
5 Communication Services 11.46%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EPSN icon
1
Epsilon Energy
EPSN
$170M
$19.5M 11.63%
3,308,467
-941,670
-22% -$6.4M
FLEX icon
2
Flex
FLEX
$46.8B
$16.3M 9.71%
1,492,875
+780,276
+109% +$9.67M
GTXAP
3
DELISTED
Garrett Motion Inc. Series A Cumulative Convertible Preferred Stock
GTXAP
$14.2M 8.46%
1,749,588
-147,779
-8% -$1.15M
ASTL icon
4
Algoma Steel
ASTL
$445M
$12.6M 7.51%
1,402,260
+802,260
+134% +$7.7M
AAN
5
DELISTED
The Aaron's Company Inc
AAN
$12M 7.15%
824,000
+315,800
+62% +$6.03M
LILAK icon
6
Liberty Latin America Class C
LILAK
$1.67B
$10.4M 6.21%
1,469,568
+507,068
+53% +$4.21M
ODP
7
DELISTED
ODP
ODP
$10.4M 6.18%
342,450
+127,450
+59% +$5.14M
BJRI icon
8
BJ's Restaurants
BJRI
$1.43B
$10.3M 6.14%
474,500
+239,500
+102% +$6.17M
PARR icon
9
Par Pacific Holdings
PARR
$4.16B
$9.1M 5.43%
583,555
-315,036
-35% -$4.96M
HIL
10
DELISTED
Hill International, Inc. Common Stock
HIL
$7.49M 4.47%
4,455,271
+705,271
+19% +$1.03M
FENC icon
11
Fennec Pharmaceuticals
FENC
$351M
$6.55M 3.91%
1,173,516
+27,720
+2% +$161K
ONL
12
Orion Office REIT
ONL
$154M
$6.37M 3.8%
581,558
+327,258
+129% +$4.22M
SFM icon
13
Sprouts Farmers Market
SFM
$8.03B
$5.82M 3.47%
+230,000
New +$6.39M
LEE icon
14
Lee Enterprises
LEE
$181M
$4.56M 2.72%
240,000
+90,000
+60% +$1.97M
QMCO icon
15
Quantum Corp
QMCO
$451M
$4.38M 2.61%
+154,300
New +$5.84M
AUD
16
DELISTED
Audacy, Inc.
AUD
$4.24M 2.53%
4,501,800
+2,042,900
+83% +$4.09M
SNDA icon
17
Sonida Senior Living
SNDA
$1.83B
$4.21M 2.51%
200,451
+22,516
+13% +$622K
GIFI
18
DELISTED
Gulf Island Fabrication
GIFI
$2.95M 1.76%
881,717
– –
CGNT icon
19
Cognyte Software
CGNT
$685M
$2.8M 1.67%
+658,500
New +$4.62M
MODD icon
20
Modular Medical
MODD
$11.7M
$2.34M 1.4%
15,072
– –
ARDX icon
21
Ardelyx
ARDX
$1.24B
$1.24M 0.74%
2,101,785
-648,215
-24% -$477K
CVEO icon
22
Civeo
CVEO
$338M
– –
-172,711
Closed -$4.08M
KELYA icon
23
Kelly Services Class A
KELYA
$528M
– –
-376,000
Closed -$8.15M
PCSA icon
24
Processa Pharmaceuticals
PCSA
$5.87M
– –
-46
Closed -$69K
SLVM icon
25
Sylvamo
SLVM
$1.56B
– –
-140,000
Closed -$4.66M
1
2

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VWWMG
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Solas Capital Management's Q2 2022 Portfolio in Review

As of Q2 2022, Solas Capital Management held 26 positions worth $168M, up 1.5% from $165M the previous quarter. Its ten largest holdings account for 73% of the portfolio.

Solas Capital Management deployed $37.6M of net new capital in Q2 2022, opening 3 new positions and adding to 12 existing holdings. Its largest new stake was Sprouts Farmers Market: 230,000 shares worth $5.82M.

By sector, the portfolio is most concentrated in Energy at 17% of assets, down from 24% a quarter earlier, followed by Technology and Industrials.

On the sell side, the largest reduction was Epsilon Energy, an estimated $6.4M trimmed.

  • Solas Capital Management's largest Q2 2022 buy was Sprouts Farmers Market: 230,000 shares worth $5.82M.
  • Solas Capital Management added most to Flex in Q2 2022, an estimated $9.67M increase.
  • Solas Capital Management's biggest Q2 2022 reduction was Epsilon Energy, cutting an estimated $6.4M.
  • Solas Capital Management fully exited Kelly Services Class A in Q2 2022, selling an estimated $8.15M.
  • Solas Capital Management's ten largest holdings make up 73% of its $168M portfolio in Q2 2022.
  • Solas Capital Management opened 3 new positions and closed 5 in Q2 2022.
  • Solas Capital Management's portfolio value rose 1.5% quarter-over-quarter to $168M.

Based on Solas Capital Management's 13F filing for Q2 2022, filed 15 Aug 2022.