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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
-7.4%
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
-$7.34M
Cap. Flow
+$6.82M
Cap. Flow %
4.77%
Top 10 Hldgs %
78.5%
Holding
22
New
1
Increased
12
Reduced
4
Closed
3

Top Buys

Rank Stock Value
1
AAP icon
Advance Auto Parts
AAP
+$10M
2
KD icon
Kyndryl
KD
+$5.47M
3
FENC icon
Fennec Pharmaceuticals
FENC
+$2.33M
4
AAN
The Aaron's Company Inc
AAN
+$1.61M
5
ONL
Orion Office REIT
ONL
+$1.52M

Top Sells

Rank Stock Value
1
GAP
The Gap Inc
GAP
+$7.54M
2
CRC icon
California Resources
CRC
+$6.2M
3
CGNT icon
Cognyte Software
CGNT
+$4.8M
4
NRP icon
Natural Resource Partners
NRP
+$807K
5
QMCO icon
Quantum Corp
QMCO
+$769K

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 26.87%
2 Energy 14.24%
3 Technology 13.25%
4 Industrials 13.04%
5 Healthcare 12.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EPSN icon
1
Epsilon Energy
EPSN
$170M
$19.9M 13.92%
3,768,467
+160,000
+4% +$891K
KD icon
2
Kyndryl
KD
$3.24B
$17.2M 12.05%
1,141,181
+369,130
+48% +$5.47M
FENC icon
3
Fennec Pharmaceuticals
FENC
$351M
$13M 9.07%
1,725,567
+286,539
+20% +$2.33M
AMBP icon
4
Ardagh Metal Packaging
AMBP
$2.96B
$10.9M 7.62%
3,478,792
+210,000
+6% +$738K
ASTL icon
5
Algoma Steel
ASTL
$445M
$10.4M 7.26%
1,525,461
-68,157
-4% -$489K
AAN
6
DELISTED
The Aaron's Company Inc
AAN
$10.3M 7.17%
979,006
+126,437
+15% +$1.61M
LILAK icon
7
Liberty Latin America Class C
LILAK
$1.67B
$9.25M 6.47%
1,246,885
+141,714
+13% +$1.09M
AAP icon
8
Advance Auto Parts
AAP
$3.55B
$8.36M 5.85%
+149,500
New +$10M
SPWH icon
9
Sportsman's Warehouse
SPWH
$44.9M
$6.58M 4.61%
1,466,534
+155,994
+12% +$806K
GTX icon
10
Garrett Motion
GTX
$5.86B
$6.41M 4.48%
813,501
+150,999
+23% +$1.16M
CVEO icon
11
Civeo
CVEO
$338M
$6.16M 4.31%
297,074
+32,678
+12% +$635K
ONL
12
Orion Office REIT
ONL
$154M
$5.53M 3.87%
1,062,010
+250,000
+31% +$1.52M
FIP icon
13
FTAI Infrastructure
FIP
$402M
$5.5M 3.85%
1,709,541
-13,992
-0.8% -$48.3K
LEE icon
14
Lee Enterprises
LEE
$181M
$4.28M 3%
400,011
+92,533
+30% +$1.13M
SNDA icon
15
Sonida Senior Living
SNDA
$1.83B
$3.03M 2.12%
336,680
+8,390
+3% +$77.3K
GIFI
16
DELISTED
Gulf Island Fabrication
GIFI
$2.88M 2.02%
881,717
– –
QMCO icon
17
Quantum Corp
QMCO
$451M
$1.71M 1.2%
140,272
-46,559
-25% -$769K
MODD icon
18
Modular Medical
MODD
$11.7M
$1.18M 0.82%
33,838
– –
NRP icon
19
Natural Resource Partners
NRP
$1.28B
$461K 0.32%
5,848
-12,437
-68% -$807K
CGNT icon
20
Cognyte Software
CGNT
$685M
– –
-788,761
Closed -$4.8M
CRC icon
21
California Resources
CRC
$4.66B
– –
-137,000
Closed -$6.2M
GAP
22
The Gap Inc
GAP
$7.42B
– –
-844,250
Closed -$7.54M

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 2023 Portfolio in Review

As of Q3 2023, Solas Capital Management held 22 positions worth $143M, down 4.9% from $150M the previous quarter. Its ten largest holdings account for 78% of the portfolio.

Solas Capital Management deployed $6.82M of net new capital in Q3 2023, opening 1 new position and adding to 12 existing holdings. Its largest new stake was Advance Auto Parts: 149,500 shares worth $8.36M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 27% of assets, up from 25% a quarter earlier, followed by Energy and Technology.

On the sell side, the largest reduction was Natural Resource Partners, an estimated $807K trimmed.

  • Solas Capital Management's largest Q3 2023 buy was Advance Auto Parts: 149,500 shares worth $8.36M.
  • Solas Capital Management added most to Kyndryl in Q3 2023, an estimated $5.47M increase.
  • Solas Capital Management's biggest Q3 2023 reduction was Natural Resource Partners, cutting an estimated $807K.
  • Solas Capital Management fully exited The Gap Inc in Q3 2023, selling an estimated $7.54M.
  • Solas Capital Management's ten largest holdings make up 78% of its $143M portfolio in Q3 2023.
  • Solas Capital Management opened 1 new position and closed 3 in Q3 2023.
  • Solas Capital Management's portfolio value fell 4.9% quarter-over-quarter to $143M.

Based on Solas Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.