Solas Capital Management, LLC

CIK

1604867

Location

DARIEN, CT

Portfolio Value

Small $170,484,673

Diversification

Diversified

Filing Date

Global Rank

#4,568 / 8,624 ▲ 49 · as of Mar 2026

Top Industry

Biotechnology 18.7%

3Y Alpha vs SPY

+0.1%

Period ended 4 months ago

Filed May 15, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+58.7%

SPY

+67.7%

Annualised alpha

-2.2%

Max drawdown

−22.2%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

22 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

12.5%

+1.4 pts

Top 5

45.8%

+2.9 pts

Top 10

75.5%

+4.6 pts

HHI

683

Diversified+54

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Healthcare	36.3%	$61,879,566	7
Energy	12.5%	$21,379,887	1
Technology	11.3%	$19,267,157	3
Basic Materials	10.6%	$18,063,771	3
Communication Services	8.5%	$14,503,424	1
Consumer Defensive	6.1%	$10,435,298	2
Consumer Cyclical	5.2%	$8,923,348	1
Industrials	4.0%	$6,810,078	2
Real Estate	2.8%	$4,788,278	1
Financial Services	2.6%	$4,433,866	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

5 positions

Ticker	Company	Δ Shares	Shares	Value
LEE	LEE ENTERPRISES, Inc	+1,211,738	1,684,486	$14,503,424
KD	Kyndryl Holdings, Inc.	+507,809	915,443	$12,010,612
GO	Grocery Outlet Holding Corp.	+271,130	1,395,185	$9,836,054
NSP	Insperity, Inc.	+69,720	251,852	$6,810,078
MOH	Molina Healthcare, Inc.	+405	68,719	$9,160,242
No positions match the current search.

Trimmed

Positions the filer reduced

12 positions

Ticker	Company	Δ Shares	Shares	Value
MODD	Modular Medical, Inc.	−4,135,964	288,095	$1,521,141
MERC	Mercer International Inc.	−816,977	790,338	$1,122,279
ASIX	AdvanSix Inc.	−98,416	517,029	$12,615,507
FENC	Fennec Pharmaceuticals Inc.	−78,528	2,482,198	$15,265,517
EPSN	Epsilon Energy Ltd.	−74,425	3,470,761	$21,379,887
ACOG	Alpha Cognition Inc.	−43,435	1,924,617	$10,566,147
AAP	Advance Auto Parts Inc	−23,500	169,163	$8,923,348
ASTL	Algoma Steel Group Inc.	−21,897	1,047,454	$4,325,985
SNDA	Sonida Senior Living, Inc.	−9,658	445,879	$14,379,597
SNWV	SANUWAVE Health, Inc.	−6,015	287,514	$4,971,117
SEG	Seaport Entertainment Group Inc.	−4,660	222,918	$4,788,278
EEFT	Euronet Worldwide, Inc.	−1,506	71,988	$4,777,843
No positions match the current search.

New Positions

Positions the filer opened this quarter

5 positions

Ticker	Company	Shares	Value
MAIA	MAIA Biotechnology, Inc.	4,297,004	$6,015,805
BUR	Burford Capital Ltd	980,944	$4,433,866
ALIT	Alight, Inc. / Delaware	4,253,822	$2,478,702
HAIN	Hain Celestial Group Inc	856,064	$599,244
NVRI	Enviri Corp	201,205	$0
No positions match the current search.

Sold Out

Positions the filer fully exited

5 positions

Ticker	Company	Shares	Value
PRMB	Primo Brands Corp	460,619	$7,531,120
GT	Goodyear Tire & Rubber Co /Oh/	676,976	$5,930,309
GPRE	Green Plains Inc.	563,453	$5,521,839
TEX	Terex Corp	71,663	$3,825,370
SPWH	Sportsman's Warehouse Holdings, Inc.	44,387	$64,805
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

22 tracked positions · $170,484,673 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
EPSN	Epsilon Energy Ltd. Energy	Reduced	3,470,761	-3,619,611	$21,379,887	−35.0%	12.54%
FENC	Fennec Pharmaceuticals Inc. Healthcare	Reduced	2,482,198	-78,528	$15,265,517	−22.6%	8.95%
LEE	LEE ENTERPRISES, Inc Communication Services	Added	1,684,486	+1,211,738	$14,503,424	+540.5%	8.51%
SNDA	Sonida Senior Living, Inc. Healthcare	Reduced	445,879	-9,658	$14,379,597	−3.2%	8.43%
ASIX	AdvanSix Inc. Basic Materials	Reduced	517,029	-98,416	$12,615,507	+18.5%	7.40%
KD	Kyndryl Holdings, Inc. Technology	Added	915,443	+507,809	$12,010,612	+10.9%	7.04%
ACOG	Alpha Cognition Inc. Healthcare	Reduced	1,924,617	-43,435	$10,566,147	−17.4%	6.20%
GO	Grocery Outlet Holding Corp. Consumer Defensive	Added	1,395,185	+271,130	$9,836,054	−13.4%	5.77%
MOH	Molina Healthcare, Inc. Healthcare	Added	68,719	+405	$9,160,242	−22.7%	5.37%
AAP	Advance Auto Parts Inc Consumer Cyclical	Reduced	169,163	-23,500	$8,923,348	+17.9%	5.23%
NSP	Insperity, Inc. Industrials	Added	251,852	+69,720	$6,810,078	−3.4%	3.99%
MAIA	MAIA Biotechnology, Inc. Healthcare	NEW	4,297,004	NEW	$6,015,805	NEW	3.53%
SNWV	SANUWAVE Health, Inc. Healthcare	Reduced	287,514	-6,015	$4,971,117	−43.2%	2.92%
SEG	Seaport Entertainment Group Inc. Real Estate	Reduced	222,918	-4,660	$4,788,278	+6.4%	2.81%
EEFT	Euronet Worldwide, Inc. Technology	Reduced	71,988	-1,506	$4,777,843	−14.6%	2.80%
BUR	Burford Capital Ltd Financial Services	NEW	980,944	NEW	$4,433,866	NEW	2.60%
ASTL	Algoma Steel Group Inc. Basic Materials	Reduced	1,047,454	-21,897	$4,325,985	−1.3%	2.54%
ALIT	Alight, Inc. / Delaware Technology	NEW	4,253,822	NEW	$2,478,702	NEW	1.45%
MODD	Modular Medical, Inc. Healthcare	Reduced	288,095	-4,135,964	$1,521,141	−5.5%	0.89%
MERC	Mercer International Inc. Basic Materials	Reduced	790,338	-816,977	$1,122,279	−64.7%	0.66%
HAIN	Hain Celestial Group Inc Consumer Defensive	NEW	856,064	NEW	$599,244	NEW	0.35%
NVRI	Enviri Corp Industrials	NEW	201,205	NEW	$0	NEW	0.00%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.