Managers / Q1 2026
Solus Alternative Asset Management LP
CIK 0001407737 · 25 MAPLE STREET, 2ND FLOOR, SUMMIT, NJ, 07901 · 212-284-4300
Summary
Solus Alternative Asset Management LP reported $372M in U.S.-listed holdings across 10 positions for Q1 2026.
The portfolio is heavily concentrated: VTOL alone accounts for 36.3% of reported value.
The book was largely unchanged from Q4 2025.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 71.9% · $268M
- ADR · 11.0% · $41M
- US DOMESTIC · 9.1% · $34M
- Other · 8.0% · $30M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| EXMOCEXXON MOBIL CORP | TRIMMED | −100.0K | 205.3K | −$2M | $35M |
| VTOLBRISTOW GROUP INC | HELD | +0 | 2.88M | +$30M | $135M |
| VLOVALERO ENERGY CORP | HELD | +0 | 189.6K | +$16M | $47M |
| TRANSOCEAN LTD | HELD | +0 | 4.47M | +$11M | $30M |
| CHVCHEVRON CORPORATION | HELD | +0 | 177.7K | +$10M | $37M |
| VEONVEON LTD | HELD | +0 | 887.0K | −$6M | $41M |
| BKRBAKER HUGHES COMPANY | HELD | +0 | 175.0K | +$3M | $11M |
| MARA HOLDINGS INC | HELD | +0 | 35.62M | +$1M | $34M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | VTOLBRISTOW GROUP INChistory → | COM | 36.27% | $135M | 2.88M |
| 2 | VLOVALERO ENERGY CORPhistory → | COM | 12.59% | $47M | 189.6K |
| 3 | VEONVEON LTDhistory → | SPONSORED ADS | 11.04% | $41M | 887.0K |
| 4 | CHVCHEVRON CORPORATIONhistory → | COM | 9.89% | $37M | 177.7K |
| 5 | EXMOCEXXON MOBIL CORPhistory → | COM | 9.37% | $35M | 205.3K |
| 6 | MARA HOLDINGS INC | NOTE 1.000%12/0 | 9.05% | $34M | 35.62M |
| 7 | TRANSOCEAN LTD | REGISTERED SHS | 7.97% | $30M | 4.47M |
| 8 | BKRBAKER HUGHES COMPANYhistory → | CL A | 2.87% | $11M | 175.0K |
| 9 | CNKCINEMARK HLDGS INC | COM | 0.89% | $3M | 116.1K |
| 10 | EAFGRAFTECH INTL LTD SR NT | COM NEW | 0.07% | $245,673 | 36.2K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $372M | 10 | May 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $309M | 10 | Feb 17, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $312M | 9 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $280M | 9 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $290M | 9 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $314M | 10 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $352M | 10 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $349M | 10 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $329M | 10 | May 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $315M | 10 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $312M | 10 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $269M | 9 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $261M | 10 | May 12, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $344M | 13 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $310M | 12 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $364M | 13 | Aug 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $454M | 11 | May 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $455M | 12 | Feb 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $435M | 11 | Nov 15, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $366M | 12 | Aug 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $272M | 9 | May 17, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $272M | 8 | Feb 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $178M | 5 | Nov 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $155M | 12 | Aug 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $41M | 6 | May 15, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $195M | 8 | Feb 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $298M | 9 | Nov 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $456M | 9 | Aug 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $413M | 10 | May 15, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $264M | 11 | Feb 14, 2019 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.