Managers / Q1 2025 · view latest →
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 $290M in U.S.-listed holdings across 9 positions for Q1 2025.
The portfolio is heavily concentrated: VTOL alone accounts for 34.0% of reported value.
Compared with Q4 2024, the fund opened 0 new positions and exited 1.
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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 · 69.4% · $201M
- ADR · 12.9% · $37M
- US DOMESTIC · 12.8% · $37M
- Other · 4.9% · $14M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2024 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| FYBRFRONTIER COMMUNICATIONS PARE | SOLD OUT | −693.5K | 0 | −$24M | $0 |
| VEONVEON LTD | ADDED | +44.1K | 856.1K | +$5M | $37M |
| VTOLBRISTOW GROUP INC | HELD | −74.3K | 3.12M | −$11M | $99M |
| CHVCHEVRON CORP NEW | HELD | +0 | 183.9K | +$4M | $31M |
| EXMOCEXXON MOBIL CORP | HELD | +0 | 321.3K | +$4M | $38M |
| TRANSOCEAN LTD | HELD | +0 | 4.47M | −$3M | $14M |
| VLOVALERO ENERGY CORP | HELD | +0 | 181.0K | +$2M | $24M |
| CNKCINEMARK HLDGS INC | HELD | +0 | 116.1K | −$706,818 | $3M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | VTOLBRISTOW GROUP INChistory → | COM | 33.99% | $99M | 3.12M |
| 2 | EXMOCEXXON MOBIL CORPhistory → | COM | 13.17% | $38M | 321.3K |
| 3 | VEONVEON LTDhistory → | SPONSORED ADS | 12.87% | $37M | 856.1K |
| 4 | MARA HOLDINGS INC | NOTE 1.000%12/0 | 12.81% | $37M | 41.63M |
| 5 | CHVCHEVRON CORP NEWhistory → | COM | 10.61% | $31M | 183.9K |
| 6 | VLOVALERO ENERGY CORPhistory → | COM | 8.24% | $24M | 181.0K |
| 7 | TRANSOCEAN LTD | REGISTERED SHS | 4.88% | $14M | 4.47M |
| 8 | BKRBAKER HUGHES COMPANYhistory → | CL A | 2.42% | $7M | 160.0K |
| 9 | CNKCINEMARK HLDGS INC | COM | 1.00% | $3M | 116.1K |
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 ↗.