Solas Capital Management, LLC Q3 2022 vs. Q4 2022 13F Holdings Comparison

Solas Capital Management, LLC recently released its 13F filing for Q3 2022 and Q4 2022, revealing significant changes in the holdings of the fund. From the data, we can derive insights into the fund's investment strategies and the direction of the market.

One of the significant changes in the portfolio is the increase in the holding of AMBP, Ardagh Metal Packaging S A, by 39.1%, from 1,917,462 shares in Q3 2022 to 2,683,457 shares in Q4 2022. The value of the shares also rose from $9,281,000 to $12,907,000, representing a 39.1% increase.

In contrast, the fund reduced its holdings in LILAK, Liberty Latin America Ltd, by 11.4%, from 2,147,000 shares in Q3 2022 to 1,899,643 shares in Q4 2022. The value of the shares also decreased from $13,204,000 to $14,437,000, representing a 9.3% decrease.

The fund also disposed of its entire holdings in PARR, Par Pac Holdings Inc, Flex Ltd, and The ODP Corp. Furthermore, it acquired new holdings in KD, Kyndryl Hldgs Inc, with 824,000 shares worth $9,162,000 in Q4 2022.

On the industry sector level, the fund showed a bullish stance on the energy sector, represented by its increased holdings in EPSN, Epsilon Energy Ltd, by 4.9%, and NRP, Natural Resource Partners L, by 22.8%. Similarly, the fund showed optimism on the technology sector, represented by the acquisition of stakes in CGNT, Cognyte Software Ltd, with over 1.3 million shares worth $8,545,000 in Q4 2022, and QMCO, Quantum Corp, with over 5 million shares worth $5,543,000 in Q4 2022.

In conclusion, the Solas Capital Management, LLC Q3 2022 vs. Q4 2022 13F Holdings Comparison reveals that the fund's investment strategies comprise bullish and bearish postures, indicating expected growth in some sectors and anticipated downturn in others. Therefore, investors should carefully analyze the changes in the fund's holdings to make informed market decisions.