Solas Capital Management 13F annual report
Solas Capital Management is an investment fund managing more than $183 billion ran by James Cator. There are currently 20 companies in Mr. Cator’s portfolio. The largest investments include Epsilon and Kyndryl Hldgs Inc, together worth $37.6 billion.
$183 billion Assets Under Management (AUM)
As of 7th August 2024, Solas Capital Management’s top holding is 3,768,467 shares of Epsilon currently worth over $20.5 billion and making up 11.2% of the portfolio value.
Relative to the number of outstanding shares of Epsilon, Solas Capital Management owns less than 0.2% of the company.
In addition, the fund holds 649,259 shares of Kyndryl Hldgs Inc worth $17.1 billion.
The third-largest holding is Walgreens Boots Alliance Inc worth $15.5 billion and the next is Sonida Senior Living Inc worth $14.4 billion, with 533,817 shares owned.
Currently, Solas Capital Management's portfolio is worth at least $183 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Solas Capital Management
The Solas Capital Management office and employees reside in Darien, Connecticut. According to the last 13-F report filed with the SEC, James Cator serves as the Chief Compliance Officer at Solas Capital Management.
Recent trades
In the most recent 13F filing, Solas Capital Management revealed that it had opened a new position in
U.S. Silica Inc and bought 775,000 shares worth $12 billion.
This means they effectively own approximately 0.1% of the company.
U.S. Silica Inc makes up
100.0%
of the fund's Materials sector allocation and has grown its share price by 22.5% in the past year.
The investment fund also strengthened its position in Kyndryl Hldgs Inc by buying
221,854 additional shares.
This makes their stake in Kyndryl Hldgs Inc total 649,259 shares worth $17.1 billion.
On the other hand, there are companies that Solas Capital Management is getting rid of from its portfolio.
Solas Capital Management closed its position in Orion Office REIT on 14th August 2024.
It sold the previously owned 815,312 shares for $2.86 billion.
James Cator also disclosed a decreased stake in Sonida Senior Living Inc by approximately 0.1%.
This leaves the value of the investment at $14.4 billion and 533,817 shares.
One of the smallest hedge funds
The two most similar investment funds to Solas Capital Management are Cpmg Inc and Ergawealth Advisors. They manage $183 billion and $183 billion respectively.
James Cator investment strategy
Solas Capital Management’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Energy — making up 11.2% of
the total portfolio value.
The fund focuses on investments in the United States as
40.0% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
5% of the total holdings value.
On the other hand, small-cap stocks make up only 5.0% of the portfolio.
The average market cap of the portfolio companies is close to $5.35 billion.
The complete list of Solas Capital Management trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Epsilon Energy Ltd. |
No change
3,768,467
|
$20,538,145,000 | 11.23% |
| Kyndryl Hldgs Inc |
51.91%
649,259
|
$17,082,004,000 | 9.34% |
| Walgreens Boots Alliance Inc |
110.80%
1,284,554
|
$15,536,681,000 | 8.49% |
| Sonida Senior Living Inc |
4.85%
533,817
|
$14,400,824,000 | 7.87% |
| Aarons Company Inc (The) |
0.41%
1,221,910
|
$12,194,662,000 | 6.67% |
| U.S. Silica Holdings Inc |
Opened
775,000
|
$11,973,750,000 | 6.55% |
| Algoma Stl Group Inc |
16.68%
1,706,169
|
$11,874,936,000 | 6.49% |
| Vista Outdoor Inc |
40.76%
307,693
|
$11,584,641,000 | 6.33% |
| Liberty Latin America Ltd |
30.58%
1,070,065
|
$10,294,025,000 | 5.63% |
| Ardagh Metal Packaging S A |
20.19%
2,917,353
|
$9,919,000,000 | 5.42% |
| Fennec Pharmaceuticals Inc |
20.70%
1,340,000
|
$8,187,400,000 | 4.48% |
| Advance Auto Parts Inc |
83.35%
121,484
|
$7,693,582,000 | 4.21% |
| California Res Corp |
Opened
140,000
|
$7,450,800,000 | 4.07% |
| Vestis Corporation |
Opened
605,000
|
$7,399,150,000 | 4.05% |
| Lee Enterprises, Inc. |
8.74%
482,212
|
$5,357,375,000 | 2.93% |
| Mural Oncology Pub Ltd Co |
69.43%
1,269,000
|
$3,984,660,000 | 2.18% |
| Sportsmans Whse Hldgs Inc |
0.41%
1,456,963
|
$3,511,281,000 | 1.92% |
| Modular Med Inc |
0.41%
1,881,095
|
$2,972,130,000 | 1.62% |
| Orion Office REIT Inc. |
Closed
815,312
|
$2,861,745,000 | |
| Gulf Is Fabrication Inc |
75.30%
112,554
|
$683,203,000 | 0.37% |
| Zimvie Inc |
96.42%
15,345
|
$280,046,000 | 0.15% |
| Civeo Corp Cda |
Closed
2,176
|
$58,426,000 | |
| No transactions found | |||
| Showing first 500 out of 22 holdings | |||
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