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SCM
Solas Capital Management Portfolio holdings
AUM
$187M
1-Year Est. Return
12.91%
This Fund
S&P 500
This Quarter
Est. Return
+7.95%
1 Year Est. Return
+12.91%
3 Year Est. Return
+62.45%
5 Year Est. Return
+50.69%
10 Year Est. Return
–
AUM
$167M
AUM Growth
+$2.72M
(+1.7%)
Cap. Flow
-$4.78M
Cap. Flow
% of AUM
-2.87%
Top 10 Holdings %
Top 10 Hldgs %
66.87%
Holding
32
New
10
Increased
5
Reduced
6
Closed
6
Avg Time Held
4
quarters
Top 10 Avg Time Held
2.7
quarters
Top 20 Avg Time Held
3.9
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Kyndryl
KD
|
+$8.29M |
| 2 |
FRG
Franchise Group, Inc.
FRG
|
+$6.78M |
| 3 |
Warner Bros
WBD
|
+$6.77M |
| 4 |
ZimVie
ZIMV
|
+$5.5M |
| 5 |
Sportsman's Warehouse
SPWH
|
+$5.47M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Par Pacific Holdings
PARR
|
+$10.1M |
| 2 |
Flex
FLEX
|
+$9.01M |
| 3 |
ODP
ODP
|
+$8.38M |
| 4 |
Cheesecake Factory
CAKE
|
+$8.23M |
| 5 |
HIL
Hill International, Inc. Common Stock
HIL
|
+$8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.23% |
| 2 | Industrials | 15.85% |
| 3 | Communication Services | 15.22% |
| 4 | Energy | 14.27% |
| 5 | Healthcare | 13.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Epsilon Energy
EPSN
$177M
| $21.9M | 13.16% |
3,308,467
| – | – |
2019 Q4
12 quarters
|
|
2
Liberty Latin America Class C
LILAK
$1.6B
| $14.4M | 8.66% |
2,089,607
-272,093
| -12% | -$1.86M |
2020 Q3
9 quarters
|
|
3
Ardagh Metal Packaging
AMBP
$2.57B
| $12.9M | 7.74% |
2,683,457
+765,995
| +40% | +$3.51M |
2022 Q3
1 quarter
|
|
4
Fennec Pharmaceuticals
FENC
$376M
| $12M | 7.21% |
1,252,388
+121,221
| +11% | +$1.07M |
2019 Q2
14 quarters
|
|
5
DELISTED
The Aaron's Company Inc
AAN
| $10.6M | 6.34% |
883,984
-50,016
| -5% | -$536K |
2021 Q1
7 quarters
|
|
|
6
Kyndryl
KD
$2.57B
| $9.16M | 5.5% |
+824,000
| New | +$8.29M |
2022 Q4
0 quarters
|
|
7
Cognyte Software
CGNT
$648M
| $8.55M | 5.13% |
2,747,837
+1,338,703
| +95% | +$3.93M |
2022 Q2
2 quarters
|
|
8
Algoma Steel
ASTL
$449M
| $8.28M | 4.97% |
1,306,422
-95,838
| -7% | -$629K |
2022 Q1
3 quarters
|
|
|
GTXAP
9
DELISTED
Garrett Motion Inc. Series A Cumulative Convertible Preferred Stock
GTXAP
| $7.46M | 4.48% |
858,008
-398,120
| -32% | -$3.25M |
2022 Q1
3 quarters
|
|
|
FRG
10
DELISTED
Franchise Group, Inc.
FRG
| $6.19M | 3.71% |
+259,700
| New | +$6.78M |
2022 Q4
0 quarters
|
|
|
11
DELISTED
ZimVie
ZIMV
| $5.88M | 3.53% |
+630,000
| New | +$5.5M |
2022 Q4
0 quarters
|
|
|
12
DELISTED
Warner Bros
WBD
| $5.69M | 3.41% |
+600,000
| New | +$6.77M |
2022 Q4
0 quarters
|
|
|
13
Sportsman's Warehouse
SPWH
$43.8M
| $5.6M | 3.36% |
+594,652
| New | +$5.47M |
2022 Q4
0 quarters
|
|
14
Quantum Corp
QMCO
$1.08B
| $5.54M | 3.32% |
254,300
+85,000
| +50% | +$2.09M |
2022 Q2
2 quarters
|
|
15
Orion Office REIT
ONL
$123M
| $5.52M | 3.31% |
646,398
-184,623
| -22% | -$1.69M |
2022 Q1
3 quarters
|
|
16
FTAI Infrastructure
FIP
$305M
| $5.16M | 3.1% |
+1,750,000
| New | +$4.84M |
2022 Q4
0 quarters
|
|
17
DELISTED
Gulf Island Fabrication
GIFI
| $4.52M | 2.71% |
881,717
| – | – |
2020 Q1
11 quarters
|
|
18
Lee Enterprises
LEE
$162M
| $4.3M | 2.58% |
231,895
| – | – |
2020 Q1
11 quarters
|
|
19
Sonida Senior Living
SNDA
$1.74B
| $4.1M | 2.46% |
328,290
+51,319
| +19% | +$771K |
2021 Q3
5 quarters
|
|
20
NCR Voyix
VYX
$990M
| $3.24M | 1.95% |
+225,918
| New | +$3M |
2022 Q4
0 quarters
|
|
21
Natural Resource Partners
NRP
$1.47B
| $1.86M | 1.12% |
34,284
| – | – |
2022 Q3
1 quarter
|
|
|
AUD
22
DELISTED
Audacy, Inc.
AUD
| $945K | 0.57% |
4,199,355
-302,445
| -7% | -$95.2K |
2018 Q4
16 quarters
|
|
23
Modular Medical
MODD
$21.8M
| $904K | 0.54% |
15,072
| – | – |
2022 Q1
3 quarters
|
|
24
Crown Holdings
CCK
$11.8B
| $789K | 0.47% |
+9,600
| New | +$765K |
2022 Q4
0 quarters
|
|
25
DELISTED
US Steel
X
| $601K | 0.36% |
+24,000
| New | +$553K |
2022 Q4
0 quarters
|
|
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Solas Capital Management's Q4 2022 Portfolio in Review
As of Q4 2022, Solas Capital Management held 32 positions worth $167M, up 1.7% from $164M the previous quarter. Its ten largest holdings account for 67% of the portfolio.
Solas Capital Management's Q4 2022 filing shows 10 new, 5 increased, 6 reduced and 6 closed positions. Its largest new stake was Kyndryl: 824,000 shares worth $9.16M. The largest sale was Par Pacific Holdings, an estimated $10.1M.
By sector, the portfolio is most concentrated in Technology at 16% of assets, up from 11% a quarter earlier, followed by Industrials and Communication Services.
- Solas Capital Management's largest Q4 2022 buy was Kyndryl: 824,000 shares worth $9.16M.
- Solas Capital Management added most to Cognyte Software in Q4 2022, an estimated $3.93M increase.
- Solas Capital Management's biggest Q4 2022 reduction was Garrett Motion Inc. Series A Cumulative Convertible Preferred Stock, cutting an estimated $3.25M.
- Solas Capital Management fully exited Par Pacific Holdings in Q4 2022, selling an estimated $10.1M.
- Solas Capital Management's ten largest holdings make up 67% of its $167M portfolio in Q4 2022.
- Solas Capital Management opened 10 new positions and closed 6 in Q4 2022.
- Solas Capital Management's portfolio value rose 1.7% quarter-over-quarter to $167M.
Based on Solas Capital Management's 13F filing for Q4 2022, filed 14 Feb 2023.