Solas Capital Management, LLC — 13F Holdings & Portfolio
CIK 1604867 · latest 13F-HR filed 2026-08-14
Solas Capital Management, LLC manages $186.6M in 13F-reported U.S. long-equity assets across 21 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are FENC (10.88%), EPSN (10.06%), ACOG (7.45%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 2 new positions, exited 3, added to 10, and trimmed 5.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
2ND FLOOR
DARIEN, CT 06820
$186.6M
Long-equity book
21
Distinct positions
2026-06-30
Filed 2026-08-14
+2 / −3 / ↑10 / ↓5
vs 2026-03-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- FENNEC PHARMACEUTICALS INC$5.0M +33.0%
- INSPERITY INC$4.8M +71.0%
- EURONET WORLDWIDE INC$4.4M +91.5%
- ALPHA COGNITION INC$3.3M +31.5%
- ADVANCE AUTO PARTS INC$1.6M +18.0%
Top Trims
- EPSILON ENERGY LTD-$2.6M -12.2%
- KYNDRYL HLDGS INC-$1.7M -13.8%
- MAIA BIOTECHNOLOGY INC-$1.7M -27.5%
- ADVANSIX INC-$1.3M -10.0%
- HAIN CELESTIAL GROUP INC-$117.8K -19.7%
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | FENNEC PHARMACEUTICALS INC | FENC | 31447P100 | $20.3M | 10.88% | 1,889,366 | SH |
| 2 | EPSILON ENERGY LTD | EPSN | 294375209 | $18.8M | 10.06% | 3,470,761 | SH |
| 3 | ALPHA COGNITION INC | ACOG | 02074J501 | $13.9M | 7.45% | 1,924,617 | SH |
| 4 | SONIDA SENIOR LIVING INC | SNDA | 140475203 | $13.8M | 7.38% | 337,679 | SH |
| 5 | LEE ENTERPRISES INC | LEE | 523768406 | $13.7M | 7.36% | 1,549,944 | SH |
| 6 | INSPERITY INC | NSP | 45778Q107 | $11.6M | 6.24% | 281,852 | SH |
| 7 | GROCERY OUTLET HLDG CORP | GO | 39874R101 | $11.4M | 6.09% | 1,139,058 | SH |
| 8 | ADVANSIX INC | ASIX | 00773T101 | $11.4M | 6.09% | 571,324 | SH |
| 9 | ADVANCE AUTO PARTS INC | AAP | 00751Y106 | $10.5M | 5.64% | 169,163 | SH |
| 10 | KYNDRYL HLDGS INC | KD | 50155Q100 | $10.4M | 5.55% | 915,443 | SH |
| 11 | MOLINA HEALTHCARE INC | MOH | 60855R100 | $9.2M | 4.93% | 40,219 | SH |
| 12 | EURONET WORLDWIDE INC | EEFT | 298736109 | $9.1M | 4.90% | 124,988 | SH |
| 13 | SANUWAVE HEALTH INC | SNWV | 80303D305 | $6.1M | 3.27% | 610,968 | SH |
| 14 | SEAPORT ENTMT GROUP INC | SEG | 812215200 | $5.7M | 3.03% | 212,892 | SH |
| 15 | BURFORD CAPITAL LIMITED | BUR | G17977110 | $5.0M | 2.66% | 1,210,944 | SH |
| 16 | MAIA BIOTECHNOLOGY INC | MAIA | 552641102 | $4.4M | 2.34% | 3,030,845 | SH |
| 17 | ENVIRI CORP | NVRI | 29390K102 | $4.0M | 2.16% | 183,333 | SH |
| 18 | LUXEXPERIENCE BV | LUXE | 55406W103 | $2.6M | 1.37% | 344,529 | SH |
| 19 | ALIGHT INC | ALIT | 01626W101 | $2.4M | 1.28% | 4,253,822 | SH |
| 20 | MODULAR MED INC | MODD | 60785L306 | $2.0M | 1.06% | 438,095 | SH |
| 21 | HAIN CELESTIAL GROUP INC | HAIN | 405217100 | $479.6K | 0.26% | 856,064 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | $186.6M | 21 | 0001604867-26-000017 |
| 2026-03-31 | 2026-05-15 | $173.9M | 22 | 0001604867-26-000009 |
| 2025-12-31 | 2026-02-17 | $176.2M | 22 | 0001604867-26-000004 |
| 2025-09-30 | 2025-11-14 | $163.8M | 20 | 0001604867-25-000022 |