Solus Alternative Asset Management LP
Long book
$338.3M
Q1 2026
Positions
9
Top-10 weight
100%
concentration
Last quarter
-8.0%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsSolus Alternative Asset Management LP is a concentrated fundamental stock-picker, running a $338.3M US long book across 9 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: BRISTOW GROUP INC, VALERO ENERGY CORP, VEON LTD, CHEVRON CORP, EXXON MOBIL CORP.
Over the last 9 quarters its long book ran on average 0.2pp per quarter ahead of the S&P 500, beating the index in 4 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+7.2%
Q2 2024
-0.2%
Q3 2024
+0.2%
Q4 2024
+0.7%
Q1 2025
-1.2%
Q2 2025
+12.9%
Q3 2025
+1.8%
Q4 2025
+29.1%
Q1 2026
-8.0%
Sector allocation
Energy 50%
Industrials 49%
Services media 1%
Long book by quarter
What does Solus Alternative own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| VTOL BRISTOW GROUP INC | Industrials | 2.9M | $134.9M | 39.9% | Held |
| VLO VALERO ENERGY CORP | Energy | 189.6K | $46.8M | 13.8% | Held |
| CVX CHEVRON CORP | Energy | 177.7K | $36.8M | 10.9% | Held |
| XOM EXXON MOBIL CORP | Energy | 205.3K | $34.8M | 10.3% | -32.8% |
| RIG TRANSOCEAN LTD | Energy | 4.5M | $29.6M | 8.8% | Held |
| BKR BAKER HUGHES CO | Industrials | 175.0K | $10.7M | 3.2% | Held |
| CNK CINEMARK HOLDINGS INC | Services media | 116.1K | $3.3M | 1.0% | Held |
| EAF GRAFTECH INTERNATIONAL LTD | Industrials | 36.2K | $246K | 0.1% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 10 | $371.9M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 10 | $308.9M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 9 | $311.9M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 9 | $279.8M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 9 | $290.1M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 10 | $314.0M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 10 | $351.6M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 10 | $348.8M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 10 | $328.9M | canonical | SEC ↗ |
Similar funds
Sanders Capital, LLCGATES FOUNDATION TRUSTEAGLE CAPITAL MANAGEMENT LLCWoodbridge Co LtdAlecta Tjanstepension OmsesidigtMubadala Investment Co PJSCH&H International Investment, LLCNewlands Management Operations LLCINVESTOR ABIndependent Franchise Partners LLPPineStone Asset Management Inc.Pentwater Capital Management LP