Solus Alternative Asset Management LP
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Solus Alternative Asset Management LP reported 9 stock positions worth $276.4 million. Its top holding was Bristow (VTOL) at 38.1% of the portfolio, followed by Veon (VEON, 16.9%) and Exxon Mobil (XOM, 13.3%). Compared with Q3 2025, it opened 1 new position, added to 2 and reduced 2. The biggest buy was a new position in Graftech International (EAF) and the biggest sale Bristow (VTOL, shares −7%).
- Most Recent 13F
- Q2 2026
- Location
- Summit, NJ
- CIK
- 0001407737
- Portfolio Value
- $276.4M (Q4 2025)
- SEC Filing
- 0001140361-26-005629 ↗ filed Feb 17, 2026
Holdings Value
Holdings 9 stocks · $276.4M
| VTOL Bristow Group Inc. | 38.12% | 2,876,796 | $105.3M | Reduce -6.5% |
| VEON Veon Ltd. | 16.87% | 887,002 | $46.6M | Add +3.6% |
| XOM Exxon Mobil Corp. | 13.29% | 305,310 | $36.7M | Reduce -5.0% |
| VLO Valero Energy Corp. | 11.17% | 189,577 | $30.9M | No change |
| CVX Chevron Corp. | 9.80% | 177,723 | $27.1M | No change |
| RIG Transocean Ltd. | 6.68% | 4,470,000 | $18.5M | No change |
| BKR Baker Hughes Co. | 2.88% | 175,000 | $8.0M | Add +9.4% |
| CNK Cinemark Holdings Inc. | 0.98% | 116,062 | $2.7M | No change |
| EAF Graftech International Ltd. | 0.20% | 36,235 | $562K | New |
Other holdings (1): bonds, preferreds, convertibles and warrants · $32.5M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| MARA HOLDINGS INC (MARA 1 12/01/26) | NOTE 1.000%12/0 · principal | 35,620,000 | $32.5M | No change |
Total filed on the 13F, all lines: $308.9M.
Portfolio Sells Q3 2025 → Q4 2025
Portfolio Buys Q3 2025 → Q4 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 9 | $307.5M | VTOL, VLO, VEON, CVX, XOM |
| Q1 2026 | 9 | $338.3M | VTOL, VLO, VEON, CVX, XOM |
| Q4 2025 | 9 | $276.4M | VTOL, VEON, XOM, VLO, CVX |
| Q3 2025 | 8 | $278.7M | VTOL, VEON, XOM, VLO, CVX |
| Q2 2025 | 8 | $247.7M | VTOL, VEON, XOM, VLO, CVX |
| Q1 2025 | 8 | $252.9M | VTOL, XOM, VEON, CVX, VLO |
| Q4 2024 | 9 | $276.6M | VTOL, XOM, VEON, CVX, FYBR |
| Q3 2024 | 9 | $314.7M | VTOL, FYBR, XOM, CVX, VEON |
| Q2 2024 | 9 | $312.9M | VTOL, FYBR, XOM, CVX, VLO |
| Q1 2024 | 9 | $293.7M | VTOL, FYBR, XOM, VLO, CVX |