Solas Capital Management LLC's Q1 2024 13F: 3 new positions, 7 exits
Form 13F-HR for the quarter ended Mar 31, 2024 · filed May 15, 2024 · 19 reported positions · accession 0001604867-24-000008
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | WALGREENS BOOTS ALLIANCE INC (WBA) | — | 8.5% | +8.5 pts | +609K sh | new |
| Exited | FLEX LTD (FLEX) | 6.3% | — | −6.3 pts | −335K sh | −100% |
| Exited | WK KELLOGG CO (KLG) | 6.0% | — | −6.0 pts | −737K sh | −100% |
| New | VISTA OUTDOOR INC (VSTO) | — | 4.6% | +4.6 pts | +219K sh | new |
| Exited | SWEETGREEN INC (SG) | 4.2% | — | −4.2 pts | −606K sh | −100% |
| Reduced | CIVEO CORP CDA (CVEO) | 3.1% | 0.0% | −3.1 pts | −217K sh | −99% |
| Increased | SONIDA SENIOR LIVING INC (SNDA) | 2.2% | 9.9% | +7.7 pts | +194K sh | +53% |
| Exited | FTAI INFRASTRUCTURE INC (FIP) | 3.1% | — | −3.1 pts | −1.3M sh | −100% |
| Reduced | ADVANCE AUTO PARTS INC (AAP) | 4.5% | 3.6% | −0.9 pts | −52,342 sh | −44% |
| New | MURAL ONCOLOGY PUB LTD CO (MURA) | — | 2.4% | +2.4 pts | +749K sh | new |
| Reduced | ZIMVIE INC (ZIMV) | 6.8% | 4.5% | −2.3 pts | −188K sh | −30% |
| Reduced | GULF IS FABRICATION INC (GIFI) | 2.3% | 2.2% | −0.2 pts | −415K sh | −48% |
| Increased | THE AARONS COMPANY INC (AAN) | 5.6% | 5.9% | +0.3 pts | +398K sh | +48% |
| Reduced | FENNEC PHARMACEUTICALS INC (FENC) | 9.6% | 7.9% | −1.7 pts | −268K sh | −19% |
| Increased | ALGOMA STL GROUP INC (ASTL) | 7.3% | 8.0% | +0.6 pts | +282K sh | +24% |
| Increased | MODULAR MED INC (MODD) | 1.1% | 2.2% | +1.1 pts | +874K sh | +86% |
| Increased | KYNDRYL HLDGS INC (KD) | 4.8% | 6.0% | +1.2 pts | +55,060 sh | +15% |
| Increased | LIBERTY LATIN AMERICA LTD (LILAK) | 6.4% | 6.9% | +0.5 pts | +127K sh | +9% |
| Increased | SPORTSMANS WHSE HLDGS INC (SPWH) | 3.5% | 2.9% | −0.5 pts | +154K sh | +12% |
| Increased | LEE ENTERPRISES INC (LEE) | 2.0% | 3.8% | +1.8 pts | +29,449 sh | +7% |
| Exited | BALL CORP (BALL) | 0.1% | — | −0.1 pts | −4,147 sh | −100% |
| Exited | BRANDYWINE RLTY TR (BDN) | 0.1% | — | −0.1 pts | −27,000 sh | −100% |
| Reduced | ORION OFFICE REIT INC (ONL) | 3.0% | 1.8% | −1.1 pts | −19,464 sh | −2% |
| Exited | GANNETT CO INC (TDAY) | 0.0% | — | 0.0 pts | −25,000 sh | −100% |
| Increased | ARDAGH METAL PACKAGING S A (AMBP) | 5.8% | 5.4% | −0.4 pts | +10,518 sh | 0% |
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 76.5% of the equity book
Changes in the top 10 this quarter: SNDA entered · WBA entered · VSTO entered · ZIMV left · FLEX left · KLG left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | EPSILON ENERGY LTD (EPSN) | 11.9% | 13.3% | |
| 2 | SONIDA SENIOR LIVING INC (SNDA) | 2.2% | 9.9% | Entered the top 10 |
| 3 | WALGREENS BOOTS ALLIANCE INC (WBA) | 0.0% | 8.5% | Entered the top 10 |
| 4 | ALGOMA STL GROUP INC (ASTL) | 7.3% | 8.0% | |
| 5 | FENNEC PHARMACEUTICALS INC (FENC) | 9.6% | 7.9% | |
| 6 | LIBERTY LATIN AMERICA LTD (LILAK) | 6.4% | 6.9% | |
| 7 | KYNDRYL HLDGS INC (KD) | 4.8% | 6.0% | |
| 8 | THE AARONS COMPANY INC (AAN) | 5.6% | 5.9% | |
| 9 | ARDAGH METAL PACKAGING S A (AMBP) | 5.8% | 5.4% | |
| 10 | VISTA OUTDOOR INC (VSTO) | 0.0% | 4.6% | Entered the top 10 |
| — | ZIMVIE INC (ZIMV) | 6.8% | 4.5% | Left the top 10 |
| — | FLEX LTD (FLEX) | 6.3% | 0.0% | Left the top 10 |
| — | WK KELLOGG CO (KLG) | 6.0% | 0.0% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).