Solus Alternative Asset Management LP

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Solus Alternative Asset Management LP reported 8 stock positions worth $247.7 million. Its top holding was Bristow (VTOL) at 41.0% of the portfolio, followed by Veon (VEON, 15.9%) and Exxon Mobil (XOM, 14.0%). Compared with Q1 2025, it added to 1 and reduced 2. The biggest buy was Valero Energy (VLO, shares +5%) and the biggest sale Chevron (CVX, shares −3%).

Most Recent 13F
Q2 2026
Location
Summit, NJ
CIK
0001407737
Portfolio Value
$247.7M (Q2 2025)
SEC Filing
0001140361-25-031109 ↗ filed Aug 14, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $293.7M Q1 2024 Q2 2024: $312.9M Q2 2024 Q3 2024: $314.7M Q3 2024 Q4 2024: $276.6M Q4 2024 Q1 2025: $252.9M Q1 2025 Q2 2025: $247.7M $247.7M Q2 2025 Q3 2025: $278.7M Q3 2025 Q4 2025: $276.4M Q4 2025 Q1 2026: $338.3M Q1 2026 Q2 2026: $307.5M Q2 2026

Holdings 8 stocks · $247.7M
VTOL Bristow Group Inc. 40.96% 3,076,796 $101.4M Reduce -1.5%
VEON Veon Ltd. 15.93% 856,102 $39.4M No change
XOM Exxon Mobil Corp. 13.99% 321,310 $34.6M No change
VLO Valero Energy Corp. 10.29% 189,577 $25.5M Add +4.8%
CVX Chevron Corp. 10.28% 177,723 $25.4M Reduce -3.4%
RIG Transocean Ltd. 4.67% 4,470,000 $11.6M No change
BKR Baker Hughes Co. 2.48% 160,000 $6.1M No change
CNK Cinemark Holdings Inc. 1.41% 116,062 $3.5M No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $32.1M (not counted above)
SecurityClassShares / PrincipalValueChange
MARA HOLDINGS INC (MARA 1 12/01/26) NOTE 1.000%12/0 · principal 35,630,000$32.1MReduce -14.4%

Total filed on the 13F, all lines: $279.8M.

Portfolio Sells Q1 2025 → Q2 2025
CVX Chevron Corp. Reduce -3.4% 10.28% −1.89
VTOL Bristow Group Inc. Reduce -1.5% 40.96% +1.97

Portfolio Buys Q1 2025 → Q2 2025
VLO Valero Energy Corp. Add +4.8% 10.29% +0.84

Notes & Other Activity Q1 2025 → Q2 2025
MARA HOLDINGS INC (MARA 1 12/01/26) NOTE 1.000%12/0 · principal Reduce -14.4% 35,630,000 $32.1M

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 9$307.5MVTOL, VLO, VEON, CVX, XOM
Q1 2026 9$338.3MVTOL, VLO, VEON, CVX, XOM
Q4 2025 9$276.4MVTOL, VEON, XOM, VLO, CVX
Q3 2025 8$278.7MVTOL, VEON, XOM, VLO, CVX
Q2 2025 8$247.7MVTOL, VEON, XOM, VLO, CVX
Q1 2025 8$252.9MVTOL, XOM, VEON, CVX, VLO
Q4 2024 9$276.6MVTOL, XOM, VEON, CVX, FYBR
Q3 2024 9$314.7MVTOL, FYBR, XOM, CVX, VEON
Q2 2024 9$312.9MVTOL, FYBR, XOM, CVX, VLO
Q1 2024 9$293.7MVTOL, FYBR, XOM, VLO, CVX