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Solas Capital Management Portfolio holdings

AUM $187M
1-Year Est. Return 12.91%
This Fund
S&P 500
This Quarter Est. Return
+19.23%
1 Year Est. Return
+12.91%
3 Year Est. Return
+62.45%
5 Year Est. Return
+50.69%
10 Year Est. Return
–
AUM
$156M
AUM Growth
-$5.56M
Cap. Flow
-$11.8M
Cap. Flow %
-7.62%
Top 10 Hldgs %
76.46%
Holding
26
New
3
Increased
9
Reduced
6
Closed
7
Avg Time Held
7.9 quarters
Top 10 Avg Time Held
5.9 quarters
Top 20 Avg Time Held
6.5 quarters

Top Buys

Rank Stock Value
1
WBA icon
Walgreens Boots Alliance
WBA
+$13.5M
2
VSTO icon
Vista Outdoor Inc.
VSTO
+$6.63M
3
AAN icon
The Aaron's Company Inc
AAN
+$3.73M
4
MURA icon
Mural Oncology
MURA
+$3.64M
5
SNDA icon
Sonida Senior Living
SNDA
+$2.9M

Top Sells

Rank Stock Value
1
FLEX icon
Flex
FLEX
+$10.2M
2
KLG icon
WK Kellogg Co
KLG
+$9.69M
3
SG icon
Sweetgreen
SG
+$6.84M
4
FIP icon
FTAI Infrastructure
FIP
+$5.06M
5
CVEO icon
Civeo
CVEO
+$5.04M

Sector Composition

Rank Sector Weight
1 Healthcare 35.53%
2 Energy 13.32%
3 Industrials 12.68%
4 Consumer Discretionary 11.94%
5 Communication Services 10.73%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
EPSN icon
1
Epsilon Energy
EPSN
$180M
$20.7M 13.32%
3,768,467
– –
2019 Q4
17 quarters
SNDA icon
2
Sonida Senior Living
SNDA
$1.73B
$15.4M 9.93%
561,034
+194,282
+53% +$2.9M
2021 Q3
10 quarters
WBA icon
3
DELISTED
Walgreens Boots Alliance
WBA
$13.2M 8.5%
+609,373
New +$13.5M
2024 Q1
0 quarters
ASTL icon
4
Algoma Steel
ASTL
$453M
$12.4M 7.98%
1,462,213
+282,156
+24% +$2.38M
2022 Q1
8 quarters
FENC icon
5
Fennec Pharmaceuticals
FENC
$375M
$12.3M 7.94%
1,110,233
-268,280
-19% -$2.69M
2019 Q2
19 quarters
LILAK icon
6
Liberty Latin America Class C
LILAK
$1.61B
$10.8M 6.93%
1,695,580
+140,077
+9% +$866K
2020 Q3
14 quarters
KD icon
7
Kyndryl
KD
$2.57B
$9.3M 5.98%
427,405
+55,060
+15% +$1.17M
2022 Q4
5 quarters
AAN icon
8
DELISTED
The Aaron's Company Inc
AAN
$9.2M 5.92%
1,226,982
+398,482
+48% +$3.73M
2021 Q1
12 quarters
AMBP icon
9
Ardagh Metal Packaging
AMBP
$2.59B
$8.33M 5.35%
2,427,384
+10,518
+0.4% +$37.6K
2022 Q3
6 quarters
VSTO icon
10
DELISTED
Vista Outdoor Inc.
VSTO
$7.17M 4.61%
+218,596
New +$6.63M
2024 Q1
0 quarters
ZIMV icon
11
DELISTED
ZimVie
ZIMV
$7.07M 4.55%
429,010
-188,062
-30% -$3.35M
2023 Q4
1 quarter
LEE icon
12
Lee Enterprises
LEE
$163M
$5.91M 3.8%
443,446
+29,449
+7% +$308K
2020 Q1
16 quarters
AAP icon
13
Advance Auto Parts
AAP
$2.5B
$5.64M 3.63%
66,258
-52,342
-44% -$3.61M
2023 Q3
2 quarters
SPWH icon
14
Sportsman's Warehouse
SPWH
$44.2M
$4.55M 2.93%
1,463,009
+153,892
+12% +$573K
2022 Q4
5 quarters
MURA icon
15
DELISTED
Mural Oncology
MURA
$3.66M 2.36%
+748,961
New +$3.64M
2024 Q1
0 quarters
MODD icon
16
Modular Medical
MODD
$22.1M
$3.49M 2.25%
62,963
+29,125
+86% +$1.57M
2022 Q1
8 quarters
GIFI icon
17
DELISTED
Gulf Island Fabrication
GIFI
$3.35M 2.15%
455,621
-415,081
-48% -$2.17M
2020 Q1
16 quarters
ONL icon
18
Orion Office REIT
ONL
$123M
$2.86M 1.84%
815,312
-19,464
-2% -$87.3K
2022 Q1
8 quarters
CVEO icon
19
Civeo
CVEO
$326M
$58.4K 0.04%
2,176
-216,845
-99% -$5.04M
2023 Q1
4 quarters
BALL icon
20
Ball Corp
BALL
$15.6B
– –
-4,147
Closed -$239K –
BDN icon
21
Brandywine Realty Trust
BDN
$460M
– –
-27,000
Closed -$146K –
FIP icon
22
FTAI Infrastructure
FIP
$305M
– –
-1,300,361
Closed -$5.06M –
FLEX icon
23
Flex
FLEX
$43.9B
– –
-444,545
Closed -$10.2M –
TDAY icon
24
USA Today Co
TDAY
$1.01B
– –
-25,000
Closed -$57.5K –
KLG icon
25
DELISTED
WK Kellogg Co
KLG
– –
-737,128
Closed -$9.69M –
1
2

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Solas Capital Management's Q1 2024 Portfolio in Review

As of Q1 2024, Solas Capital Management held 26 positions worth $156M, down 3.5% from $161M the previous quarter. Its ten largest holdings account for 76% of the portfolio.

Solas Capital Management withdrew a net $11.8M in Q1 2024, closing 7 positions and reducing 6 holdings. Its most notable exit was Flex, an estimated $10.2M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 36% of assets, up from 20% a quarter earlier, followed by Energy and Industrials.

Against the trend, Solas Capital Management opened a new position in Walgreens Boots Alliance worth $13.2M.

  • Solas Capital Management's largest Q1 2024 buy was Walgreens Boots Alliance: 609,373 shares worth $13.2M.
  • Solas Capital Management added most to The Aaron's Company Inc in Q1 2024, an estimated $3.73M increase.
  • Solas Capital Management's biggest Q1 2024 reduction was Civeo, cutting an estimated $5.04M.
  • Solas Capital Management fully exited Flex in Q1 2024, selling an estimated $10.2M.
  • Solas Capital Management's ten largest holdings make up 76% of its $156M portfolio in Q1 2024.
  • Solas Capital Management opened 3 new positions and closed 7 in Q1 2024.
  • Solas Capital Management's portfolio value fell 3.5% quarter-over-quarter to $156M.

Based on Solas Capital Management's 13F filing for Q1 2024, filed 15 May 2024.