Just saw that Solas Capital picked up over 407k shares of Kyndryl back in late February for about $10.8 million. Interesting move considering the stock has been a total mess — down 67.5% in the past year alone. The fund apparently liked it after Kyndryl hit record highs early in the year, but yeah, that didn't age well. Solas ended up with roughly 6% of their portfolio in this position, which is pretty significant. Company's been dealing with some rough stuff lately too — CFO and general counsel both resigned, accounting review delays, longer sales cycles. The whole IBM spinoff thing hasn't exactly been smooth either. What's wild is Kyndryl was trading at $13.59 when Solas made the move, and it's lost nearly half its value since the start of the year. So either Solas doubled down on the dip, sold it all, or is just holding and hoping. Their next 13-F filing will probably tell us what happened. Honestly, this is why people always say diversify — individual stock picks can go sideways real quick, even for professional funds.