So Solas Capital loaded up on Kyndryl back in February with over 400k shares - that's like $10.8 million in one go. At the time it probably seemed decent, you know, IBM's old infrastructure business spinning out and all that. But man, talk about bad timing.

They loaded their portfolio with this position thinking maybe it was a value play after it had already taken some losses early in the year. Turns out they should've waited longer. The stock has been an absolute mess - CFO resigned, accounting review delays, guidance got slashed. Plus there's all this friction with IBM still hanging over everything.

What's wild is this wasn't even in their top 5 holdings. They loaded a decent chunk of capital into something that kept sliding down. Just goes to show why diversification matters so much. Wonder if they held it, bailed out, or doubled down. Their next 13-F filing will probably be interesting to watch, honestly. Sometimes you load the wrong position at the wrong time.