Solas Capital Management, LLC

Investment Portfolio & 13F Holdings Analysis

About

Type: FundHoldings: 21Value: $177.7MLatest: 2025Q1

Solas Capital Management, LLC is an institutional investment manager that filed its latest Form 13F for 2025Q1, reporting 21 holdings worth $0.2 billion. Form 13F filings provide transparency into the equity holdings of institutional investment managers with over $100 million in assets under management. This page displays the most recent portfolio holdings, allowing investors to track position changes, new investments, and portfolio composition.

AI_NATIVE detailed information: This accession holds the following tickers:[
  "ASTL",
  "AMBP",
  "CTRN",
  "LEE",
  "MERC",
  "MODD",
  "PARR",
  "SNDA",
  null,
  "ACOG",
  "AAP",
  "FENC",
  "WOOF",
  "GO",
  null,
  "EPSN",
  "KD",
  "WBA",
  "ZIMV",
  "MURA",
  "SPWH"
]

Filing Details

13F-HR • 2025-03-31

SEC FilingSEC DataHachi Filing

Report Date: 2025-03-31
Filing Date: 2025-05-15
Total Holdings: 21
Total Value: 177748385
Accession Number: 0001604867-25-000011
Form Type: 13F-HR
CIK: solas-capital-management
Manager Name: Solas-Capital-Management

Data Enrichment

90% identified

19 identified2 unidentified

Holdings

SEC FilingSEC DataHachi Filing

Manager:

21 positions • $177.7M total value

SEC FilingSEC DataHachi Filing

Manager:

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Epsilon Energy Ltd.

EPSN|294375209

Shares:3.8M

Value:$26.6M

% of Portfolio:15.0% ($26.6M/$177.7M)

80303D305

Shares:584.0K

Value:$20.7M

% of Portfolio:11.6% ($20.7M/$177.7M)

Grocery Outlet Holding Corp.

GO|39874R101

Shares:982.5K

Value:$13.7M

% of Portfolio:7.7% ($13.7M/$177.7M)

FENNEC PHARMACEUTICALS INC.

FENC|31447P100

Shares:2.3M

Value:$13.7M

% of Portfolio:7.7% ($13.7M/$177.7M)

SONIDA SENIOR LIVING, INC.

SNDA|140475203

Shares:520.4K

Value:$12.1M

% of Portfolio:6.8% ($12.1M/$177.7M)

ADVANCE AUTO PARTS INC

AAP|00751Y106

Shares:283.4K

Value:$11.1M

% of Portfolio:6.3% ($11.1M/$177.7M)

PAR PACIFIC HOLDINGS, INC.

PARR|69888T207

Shares:693.6K

Value:$9.9M

% of Portfolio:5.6% ($9.9M/$177.7M)

Petco Health & Wellness Company, Inc.

WOOF|71601V105

Shares:3.0M

Value:$9.2M

% of Portfolio:5.1% ($9.2M/$177.7M)

Ardagh Metal Packaging S.A.

AMBP|L02235106

Shares:3.0M

Value:$9.1M

% of Portfolio:5.1% ($9.1M/$177.7M)

Walgreens Boots Alliance, Inc.

WBA|931427108

Shares:786.8K

Value:$8.8M

% of Portfolio:4.9% ($8.8M/$177.7M)

Algoma Steel Group Inc.

ASTL|015658107

Shares:1.5M

Value:$7.9M

% of Portfolio:4.5% ($7.9M/$177.7M)

Alpha Cognition Inc.

ACOG|02074J501

Shares:1.4M

Value:$7.0M

% of Portfolio:3.9% ($7.0M/$177.7M)

MERCER INTERNATIONAL INC.

MERC|588056101

Shares:1.0M

Value:$6.3M

% of Portfolio:3.5% ($6.3M/$177.7M)

LEE ENTERPRISES, Inc

LEE|523768406

Shares:482.2K

Value:$5.0M

% of Portfolio:2.8% ($5.0M/$177.7M)

ZimVie Inc.

ZIMV|98888T107

Shares:340.5K

Value:$3.7M

% of Portfolio:2.1% ($3.7M/$177.7M)

Modular Medical, Inc.

MODD|60785L207

Shares:3.2M

Value:$3.5M

% of Portfolio:2.0% ($3.5M/$177.7M)

Citi Trends Inc

CTRN|17306X102

Shares:151.4K

Value:$3.4M

% of Portfolio:1.9% ($3.4M/$177.7M)

21077C305

Shares:355.2K

Value:$2.5M

% of Portfolio:1.4% ($2.5M/$177.7M)

SPORTSMAN'S WAREHOUSE HOLDINGS, INC.

SPWH|84920Y106

Shares:1.9M

Value:$1.8M

% of Portfolio:1.0% ($1.8M/$177.7M)

Mural Oncology plc

MURA|G63365103

Shares:888.0K

Value:$1.1M

% of Portfolio:0.6% ($1.1M/$177.7M)

Instrument	Shares		Other Manager	Value	% of Portfolio
Epsilon Energy Ltd.(EPSNcusip294375209)	3.8M	QoQ 0.00% (+0) YoY 0.00% (+0)	All Managers (Combined)	$26.6M	15.0% ($26.6M/$177.7M)	QoQ +13.68% (+$3.2M) YoY +28.48% (+$5.9M)
(cusip80303D305)✕	584.0K	QoQ NEW(+584.0K) YoY NEW(+584.0K)	All Managers (Combined)	$20.7M	11.6% ($20.7M/$177.7M)	QoQ NEW(+$20.7M) YoY NEW(+$20.7M)
Grocery Outlet Holding Corp.(GOcusip39874R101)	982.5K	QoQ NEW(+982.5K) YoY NEW(+982.5K)	All Managers (Combined)	$13.7M	7.7% ($13.7M/$177.7M)	QoQ NEW(+$13.7M) YoY NEW(+$13.7M)
FENNEC PHARMACEUTICALS INC.(FENCcusip31447P100)	2.3M	QoQ 0.00% (-0) YoY +102.74% (+1.1M)	All Managers (Combined)	$13.7M	7.7% ($13.7M/$177.7M)	QoQ -3.63% (-$517.7K) YoY +11.03% (+$1.4M)
SONIDA SENIOR LIVING, INC.(SNDAcusip140475203)	520.4K	QoQ +2.24% (+11.4K) YoY -7.24% (-40.7K)	All Managers (Combined)	$12.1M	6.8% ($12.1M/$177.7M)	QoQ +3.17% (+$373.4K) YoY -21.55% (-$3.3M)
ADVANCE AUTO PARTS INC(AAPcusip00751Y106)	283.4K	QoQ +20.34% (-47.9K) YoY +327.71% (+217.1K)	All Managers (Combined)	$11.1M	6.3% ($11.1M/$177.7M)	QoQ -0.21% (-$24.1K) YoY +97.09% (+$5.5M)
PAR PACIFIC HOLDINGS, INC.(PARRcusip69888T207)	693.6K	QoQ -12.75% (-101.4K) YoY NEW(+693.6K)	All Managers (Combined)	$9.9M	5.6% ($9.9M/$177.7M)	QoQ -24.09% (-$3.1M) YoY NEW(+$9.9M)
Petco Health & Wellness Company, Inc.(WOOFcusip71601V105)	3.0M	QoQ NEW(+3.0M) YoY NEW(+3.0M)	All Managers (Combined)	$9.2M	5.1% ($9.2M/$177.7M)	QoQ NEW(+$9.2M) YoY NEW(+$9.2M)
Ardagh Metal Packaging S.A.(AMBPcusipL02235106)	3.0M	QoQ -10.33% (-347.5K) YoY +24.16% (+586.5K)	All Managers (Combined)	$9.1M	5.1% ($9.1M/$177.7M)	QoQ -10.03% (-$1.0M) YoY +9.32% (+$776.1K)
Walgreens Boots Alliance, Inc.(WBAcusip931427108)	786.8K	QoQ -29.54% (-330.0K) YoY +29.11% (-177.4K)	All Managers (Combined)	$8.8M	4.9% ($8.8M/$177.7M)	QoQ -15.65% (-$1.6M) YoY -33.50% (-$4.4M)
Algoma Steel Group Inc.(ASTLcusip015658107)	1.5M	QoQ +37.71% (-400.0K) YoY -0.10% (-1.6K)	All Managers (Combined)	$7.9M	4.5% ($7.9M/$177.7M)	QoQ -23.68% (-$2.5M) YoY -36.22% (-$4.5M)
Alpha Cognition Inc.(ACOGcusip02074J501)	1.4M	QoQ 0.00% (-0) YoY NEW(+1.4M)	All Managers (Combined)	$7.0M	3.9% ($7.0M/$177.7M)	QoQ -14.02% (-$1.1M) YoY NEW(+$7.0M)
MERCER INTERNATIONAL INC.(MERCcusip588056101)	1.0M	QoQ -4.81% (-51.8K) YoY NEW(+1.0M)	All Managers (Combined)	$6.3M	3.5% ($6.3M/$177.7M)	QoQ -9.93% (-$695.8K) YoY NEW(+$6.3M)
LEE ENTERPRISES, Inc(LEEcusip523768406)	482.2K	QoQ 0.00% (-0) YoY +8.74% (-38.8K)	All Managers (Combined)	$5.0M	2.8% ($5.0M/$177.7M)	QoQ -29.76% (-$2.1M) YoY -15.32% (-$905.8K)
ZimVie Inc.(ZIMVcusip98888T107)	340.5K	QoQ -12.62% (-49.2K) YoY -20.62% (-88.5K)	All Managers (Combined)	$3.7M	2.1% ($3.7M/$177.7M)	QoQ -32.35% (-$1.8M) YoY -48.01% (-$3.4M)
Modular Medical, Inc.(MODDcusip60785L207)	3.2M	QoQ +30.72% (+762.4K) YoY +71.71% (+1.4M)	All Managers (Combined)	$3.5M	2.0% ($3.5M/$177.7M)	QoQ +3.52% (+$119.7K) YoY +0.69% (+$24.3K)
Citi Trends Inc(CTRNcusip17306X102)	151.4K	QoQ 0.00% (-0) YoY NEW(+151.4K)	All Managers (Combined)	$3.4M	1.9% ($3.4M/$177.7M)	QoQ -15.67% (-$623.1K) YoY NEW(+$3.4M)
(cusip21077C305)✕	355.2K	QoQ 0.00% (-0) YoY NEW(+355.2K)	All Managers (Combined)	$2.5M	1.4% ($2.5M/$177.7M)	QoQ -0.71% (-$17.8K) YoY NEW(+$2.5M)
SPORTSMAN'S WAREHOUSE HOLDINGS, INC.(SPWHcusip84920Y106)	1.9M	QoQ +67.28% (-745.0K) YoY +26.59% (-389.1K)	All Managers (Combined)	$1.8M	1.0% ($1.8M/$177.7M)	QoQ -37.71% (-$1.1M) YoY -59.53% (-$2.7M)
Mural Oncology plc(MURAcusipG63365103)	888.0K	QoQ -30.02% (-381.0K) YoY +18.56% (-139.0K)	All Managers (Combined)	$1.1M	0.6% ($1.1M/$177.7M)	QoQ -72.61% (-$3.0M) YoY -69.44% (-$2.5M)