Solus Alternative Asset Management LP Diversified Active

CIK: 0001407737 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $308,878 (89.5% shares, 10.5% debt)

Holdings (10)

New Positions (1)

EAF GRAFTECH INTL LTD 0.2%

Value ($000) $562 Shares 36,235 Est. Cost $15.21 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EAF	GRAFTECH INTL LTD	36,235	$562	0.2%	$15.21	0.0%	COM NEW	384313607

Increased Positions (2)

BKR BAKER HUGHES COMPANY 2.6%

Value ($000) $7,970 (+2.2%) Shares 175,000 (+9.4%) Est. Cost $29.11 Unrealized +62.6%

VEON VEON LTD 15.1%

Value ($000) $46,630 (+0.1%) Shares 887,002 (+3.6%) Est. Cost $21.09 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BKR	BAKER HUGHES COMPANY	175,000 (+9.4%)	$7,970 (+2.2%)	2.6%	$29.11	+62.6%	CL A	05722G100
VEON	VEON LTD	887,002 (+3.6%)	$46,630 (+0.1%)	15.1%	$21.09	—	SPONSORED ADS	91822M502

Decreased Positions (2)

VTOL BRISTOW GROUP INC 34.1%

Value ($000) $105,348 (-5.1%) Shares 2,876,796 (-6.5%) Est. Cost $10.68 Unrealized +252.5%

XOM EXXON MOBIL CORP 11.9%

Value ($000) $36,741 (+1.4%) Shares 305,310 (-5.0%) Est. Cost $48.51 Unrealized +138.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VTOL	BRISTOW GROUP INC	2,876,796 (-6.5%)	$105,348 (-5.1%)	34.1%	$10.68	+252.5%	COM	11040G103
XOM	EXXON MOBIL CORP	305,310 (-5.0%)	$36,741 (+1.4%)	11.9%	$48.51	+138.1%	COM	30231G102

Unchanged Positions (5)

RIG TRANSOCEAN LTD 6.0%

Value ($000) $18,461 Shares 4,470,000 Est. Cost $8.17 Unrealized -52.5%

VLO VALERO ENERGY CORP 10.0%

Value ($000) $30,861 Shares 189,577 Est. Cost $65.27 Unrealized +158.7%

— MARA HOLDINGS INC 10.5%

Value ($000) $32,521 Shares 35,620,000 Est. Cost $0.35 Unrealized —

CNK CINEMARK HLDGS INC 0.9%

Value ($000) $2,697 Shares 116,062 Est. Cost $15.40 Unrealized +70.3%

CVX CHEVRON CORP NEW 8.8%

Value ($000) $27,087 Shares 177,723 Est. Cost $85.62 Unrealized +76.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
RIG	TRANSOCEAN LTD	4,470,000	$18,461	6.0%	$8.17	-52.5%	REGISTERED SHS	H8817H100
VLO	VALERO ENERGY CORP	189,577	$30,861	10.0%	$65.27	+158.7%	COM	91913Y100
—	MARA HOLDINGS INC	35,620,000	$32,521	10.5%	$0.35	—	NOTE 1.000%12/0	565788AB2
CNK	CINEMARK HLDGS INC	116,062	$2,697	0.9%	$15.40	+70.3%	COM	17243V102
CVX	CHEVRON CORP NEW	177,723	$27,087	8.8%	$85.62	+76.8%	COM	166764100