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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
+1.21%
1 Year Est. Return
+6.33%
3 Year Est. Return
+41.54%
5 Year Est. Return
+46.6%
10 Year Est. Return
–
AUM
$164M
AUM Growth
-$3.6M
Cap. Flow
+$5.08M
Cap. Flow %
3.09%
Top 10 Hldgs %
65.16%
Holding
25
New
4
Increased
7
Reduced
6
Closed
3

Top Buys

Rank Stock Value
1
AMBP icon
Ardagh Metal Packaging
AMBP
+$11.7M
2
CAKE icon
Cheesecake Factory
CAKE
+$8.53M
3
GAP
The Gap Inc
GAP
+$7.91M
4
LILAK icon
Liberty Latin America Class C
LILAK
+$5.74M
5
CGNT icon
Cognyte Software
CGNT
+$3.56M

Top Sells

Rank Stock Value
1
BJRI icon
BJ's Restaurants
BJRI
+$10.3M
2
FLEX icon
Flex
FLEX
+$9.91M
3
SFM icon
Sprouts Farmers Market
SFM
+$5.82M
4
HIL
Hill International, Inc. Common Stock
HIL
+$5.06M
5
GTXAP
Garrett Motion Inc. Series A Cumulative Convertible Preferred Stock
GTXAP
+$3.86M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 20.01%
2 Energy 19.81%
3 Industrials 12.66%
4 Communication Services 11.6%
5 Technology 11.19%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EPSN icon
1
Epsilon Energy
EPSN
$170M
$20.9M 12.75%
3,308,467
– –
LILAK icon
2
Liberty Latin America Class C
LILAK
$1.67B
$13.2M 8.05%
2,361,700
+892,132
+61% +$5.74M
PARR icon
3
Par Pacific Holdings
PARR
$4.16B
$10.1M 6.14%
613,481
+29,926
+5% +$508K
AMBP icon
4
Ardagh Metal Packaging
AMBP
$2.96B
$9.28M 5.66%
+1,917,462
New +$11.7M
FENC icon
5
Fennec Pharmaceuticals
FENC
$351M
$9.16M 5.59%
1,131,167
-42,349
-4% -$291K
AAN
6
DELISTED
The Aaron's Company Inc
AAN
$9.08M 5.53%
934,000
+110,000
+13% +$1.47M
ASTL icon
7
Algoma Steel
ASTL
$445M
$9.03M 5.51%
1,402,260
– –
FLEX icon
8
Flex
FLEX
$46.8B
$9.01M 5.49%
717,244
-775,631
-52% -$9.91M
GTXAP
9
DELISTED
Garrett Motion Inc. Series A Cumulative Convertible Preferred Stock
GTXAP
$8.76M 5.34%
1,256,128
-493,460
-28% -$3.86M
ODP
10
DELISTED
ODP
ODP
$8.38M 5.11%
238,547
-103,903
-30% -$3.7M
CAKE icon
11
Cheesecake Factory
CAKE
$5.26B
$8.23M 5.02%
+281,000
New +$8.53M
HIL
12
DELISTED
Hill International, Inc. Common Stock
HIL
$8M 4.88%
2,410,719
-2,044,552
-46% -$5.06M
ONL
13
Orion Office REIT
ONL
$154M
$7.27M 4.43%
831,021
+249,463
+43% +$2.56M
GAP
14
The Gap Inc
GAP
$7.42B
$6.92M 4.22%
+843,000
New +$7.91M
CGNT icon
15
Cognyte Software
CGNT
$685M
$5.69M 3.47%
1,409,134
+750,634
+114% +$3.56M
SNDA icon
16
Sonida Senior Living
SNDA
$1.83B
$4.5M 2.74%
276,971
+76,520
+38% +$1.5M
LEE icon
17
Lee Enterprises
LEE
$181M
$4.08M 2.49%
231,895
-8,105
-3% -$151K
GIFI
18
DELISTED
Gulf Island Fabrication
GIFI
$3.68M 2.24%
881,717
– –
QMCO icon
19
Quantum Corp
QMCO
$451M
$3.66M 2.23%
169,300
+15,000
+10% +$482K
MODD icon
20
Modular Medical
MODD
$11.7M
$1.86M 1.14%
15,072
– –
AUD
21
DELISTED
Audacy, Inc.
AUD
$1.74M 1.06%
4,501,800
– –
NRP icon
22
Natural Resource Partners
NRP
$1.28B
$1.52M 0.92%
+34,284
New +$1.46M
ARDX icon
23
Ardelyx
ARDX
$1.24B
– –
-2,101,785
Closed -$1.24M
BJRI icon
24
BJ's Restaurants
BJRI
$1.43B
– –
-474,500
Closed -$10.3M
SFM icon
25
Sprouts Farmers Market
SFM
$8.03B
– –
-230,000
Closed -$5.82M

Similar funds

BCP
Breakout Capital Partners New York $174M AUM 7.98% 1-Year Est. Return
LCWM
Legacy Capital Wealth Management The Woodlands, Texas $174M AUM
GWAM
Guardian Wealth Advisors (Minnesota) St Louis Park, Minnesota $174M AUM 17.98% 1-Year Est. Return
VWWMG
Vermillion & White Wealth Management Group Phoenixville, Pennsylvania $174M AUM 15.31% 1-Year Est. Return
GRA
Golden Road Advisors Tampa, Florida $174M AUM 19.14% 1-Year Est. Return
CFS
Coordinated Financial Services Denver, Colorado $174M AUM 16.33% 1-Year Est. Return
CAM
Councilmark Asset Management Knoxville, Tennessee $174M AUM 23.08% 1-Year Est. Return
AMD
Advanced Micro Devices Santa Clara, California $174M AUM

Solas Capital Management's Q3 2022 Portfolio in Review

As of Q3 2022, Solas Capital Management held 25 positions worth $164M, down 2.1% from $168M the previous quarter. Its ten largest holdings account for 65% of the portfolio.

Solas Capital Management deployed $5.08M of net new capital in Q3 2022, opening 4 new positions and adding to 7 existing holdings. Its largest new stake was Ardagh Metal Packaging: 1,917,462 shares worth $9.28M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 20% of assets, up from 12% a quarter earlier, followed by Energy and Industrials.

On the sell side, the largest reduction was Flex, an estimated $9.91M trimmed.

  • Solas Capital Management's largest Q3 2022 buy was Ardagh Metal Packaging: 1,917,462 shares worth $9.28M.
  • Solas Capital Management added most to Liberty Latin America Class C in Q3 2022, an estimated $5.74M increase.
  • Solas Capital Management's biggest Q3 2022 reduction was Flex, cutting an estimated $9.91M.
  • Solas Capital Management fully exited BJ's Restaurants in Q3 2022, selling an estimated $10.3M.
  • Solas Capital Management's ten largest holdings make up 65% of its $164M portfolio in Q3 2022.
  • Solas Capital Management opened 4 new positions and closed 3 in Q3 2022.
  • Solas Capital Management's portfolio value fell 2.1% quarter-over-quarter to $164M.

Based on Solas Capital Management's 13F filing for Q3 2022, filed 14 Nov 2022.