Solas Capital Management, LLC
13F Reported Value
ⓘ$173.9M
Holdings
22
Latest Filing
2026-03-31
Filing Quarter
Q1 2026
Portfolio Overview
Solas Capital Management, LLC disclosed 22 positions worth $173.9M in its Form 13F-HR for Q1 2026, led by $EPSN (Epsilon Energy Ltd.) at 12.3% of the equity portfolio, followed by $FENC and $SNDA. During the quarter the fund opened 5 new positions and exited 5 — including a new stake in $MAIA and a full exit from $PRMB. The portfolio is most concentrated in Healthcare (35.6% of disclosed assets). All figures are sourced directly from Solas Capital Management, LLC’s Form 13F-HR filing with the SEC under CIK 1604867.
AI Fund Analysis
ConcentratingSector Allocation
AUM History
Top Equity Holdings by Value
Quarterly Activity — Q1 2026
Click any card to unlockTop Holdings
- —
Quality
$21.4M3,470,761 sh - 33.9#2,218
Quality
$15.3M2,482,198 sh - 34.6#2,193
Quality
$14.4M445,879 sh - 34.0
Quality
$13.9M1,684,486 sh - 45.5
Quality
$12.6M517,029 sh - 46.0
Quality
$12.0M915,443 sh - —
Quality
$10.6M1,924,617 sh - 44.1
Quality
$9.8M1,395,185 sh - 60.5
Quality
$9.2M68,719 sh - 42.3
Quality
$8.9M169,163 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 Epsilon Energy Ltd.$EPSN | — | $21.4M | 3,470,761 |
 FENNEC PHARMACEUTICALS INC.$FENC | 33.9#2,218 | $15.3M | 2,482,198 |
 SONIDA SENIOR LIVING, INC.$SNDA | 34.6#2,193 | $14.4M | 445,879 |
 LEE ENTERPRISES, Inc$LEE | 34.0 | $13.9M | 1,684,486 |
 AdvanSix Inc.$ASIX | 45.5 | $12.6M | 517,029 |
 Kyndryl Holdings, Inc.$KD | 46.0 | $12.0M | 915,443 |
 Alpha Cognition Inc.$ACOG | — | $10.6M | 1,924,617 |
 Grocery Outlet Holding Corp.$GO | 44.1 | $9.8M | 1,395,185 |
 MOLINA HEALTHCARE, INC.$MOH | 60.5 | $9.2M | 68,719 |
 ADVANCE AUTO PARTS INC$AAP | 42.3 | $8.9M | 169,163 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of Solas Capital Management, LLC's 22 positions.
Showing top 10 of 22 holdings.
Sector Allocation
Healthcare
$61.9M
Energy
$21.4M
Communication Services
$18.7M
Materials
$18.1M
Industrials
$13.2M
Technology
$12.0M
Consumer Staples
$10.4M
Financials
$9.2M
Full Holdings — Solas Capital Management, LLC (Q1 2026)
All 22 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $EPSN | Epsilon Energy Ltd. | $21.4M | 12.3% | -2% | — |
| 2 | $FENC | FENNEC PHARMACEUTICALS INC. | $15.3M | 8.8% | -3% | 33.9 |
| 3 | $SNDA | SONIDA SENIOR LIVING, INC. | $14.4M | 8.3% | -2% | 34.6 |
| 4 | $LEE | LEE ENTERPRISES, Inc | $13.9M | 8.0% | +256% | 34 |
| 5 | $ASIX | AdvanSix Inc. | $12.6M | 7.3% | -16% | 45.5 |
| 6 | $KD | Kyndryl Holdings, Inc. | $12.0M | 6.9% | +125% | 46 |
| 7 | $ACOG | Alpha Cognition Inc. | $10.6M | 6.1% | -2% | — |
| 8 | $GO | Grocery Outlet Holding Corp. | $9.8M | 5.7% | +24% | 44.1 |
| 9 | $MOH | MOLINA HEALTHCARE, INC. | $9.2M | 5.3% | +1% | 60.5 |
| 10 | $AAP | ADVANCE AUTO PARTS INC | $8.9M | 5.1% | -12% | 42.3 |
| 11 |  $NSP | INSPERITY, INC. | $6.8M | 3.9% | +38% | 48.2 |
| 12 |  $MAIA | MAIA Biotechnology, Inc. | $6.0M | 3.5% | NEW | — |
| 13 |  $SNWV | SANUWAVE Health, Inc. | $5.0M | 2.9% | -2% | 59.3 |
| 14 |  $SEG | Seaport Entertainment Group Inc. | $4.8M | 2.8% | -2% | 13.3 |
| 15 |  $EEFT | EURONET WORLDWIDE, INC. | $4.8M | 2.8% | -2% | 58.3 |
| 16 |  $BUR | Burford Capital Ltd | $4.4M | 2.5% | NEW | — |
| 17 |  $ASTL | Algoma Steel Group Inc. | $4.3M | 2.5% | -2% | — |
| 18 |  $NVRI | ENVIRI Corp | $3.9M | 2.3% | NEW | 35.6 |
| 19 |  $ALIT | Alight, Inc. / Delaware | $2.5M | 1.4% | NEW | 34.4 |
| 20 |  $MODD | Modular Medical, Inc. | $1.5M | 0.9% | -93% | — |
| 21 |  $MERC | MERCER INTERNATIONAL INC. | $1.1M | 0.7% | -51% | 29 |
| 22 |  $HAIN | HAIN CELESTIAL GROUP INC | $597,361 | 0.3% | NEW | 32.1 |
New Positions (5)
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