Solas Capital Management, LLC: 13F holdings, Q2 2026
Hedge fund · SEC EDGAR filings (CIK 1604867) · Explore on the interactive board
Solas Capital Management, LLC disclosed 21 US equity positions worth $186.6m in its Q2 2026 13F filing (holdings as of June 30, 2026, filed August 14, 2026). Its largest position is FENC at 10.9% of the reported book, followed by EPSN, ALPHA COGNITION INC. The top ten holdings are 72.7% of the book, and the portfolio behaves like about 15 equal-weight positions. Versus the prior filing it opened 2 new positions, added to 6, reduced 7 and exited 3. Note: this manager's most recent filing is 3934 quarters behind the newest quarter on file, so these figures are history rather than current positioning.
What does Solas Capital Management, LLC own? Top holdings as of June 30, 2026
Change is measured in shares against the previous filing (Q1 2026), so price moves do not read as decisions. This quarter: 2 new, 6 added, 7 reduced, 3 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | FENC FENNEC PHARMACEUTICALS INC | 10.9% | $20.3m | 1,889,366 | -24% | reduced | |
| 2 | EPSN EPSILON ENERGY LTD | 10.1% | $18.8m | 3,470,761 | 0% | held | |
| 3 | ALPHA COGNITION INC | 7.4% | $13.9m | 1,924,617 | 0% | held | |
| 4 | SNDA SONIDA SENIOR LIVING INC | Healthcare | 7.4% | $13.8m | 337,679 | -24% | reduced |
| 5 | LEE LEE ENTERPRISES INC | 7.4% | $13.7m | 1,549,944 | -8% | reduced | |
| 6 | NSP INSPERITY INC | Industrials | 6.2% | $11.6m | 281,852 | 12% | added |
| 7 | GO GROCERY OUTLET HLDG CORP | Consumer Defensive | 6.1% | $11.4m | 1,139,058 | -18% | reduced |
| 8 | ASIX ADVANSIX INC | Basic Materials | 6.1% | $11.4m | 571,324 | 11% | added |
| 9 | AAP ADVANCE AUTO PARTS INC | Consumer Cyclical | 5.6% | $10.5m | 169,163 | 0% | held |
| 10 | KD KYNDRYL HLDGS INC | Technology | 5.5% | $10.4m | 915,443 | 0% | held |
| 11 | MOH MOLINA HEALTHCARE INC | Healthcare | 4.9% | $9.2m | 40,219 | -41% | reduced |
| 12 | EEFT EURONET WORLDWIDE INC | Technology | 4.9% | $9.1m | 124,988 | 74% | added |
| 13 | SANUWAVE HEALTH INC | 3.3% | $6.1m | 610,968 | 113% | added | |
| 14 | SEG SEAPORT ENTMT GROUP INC | Real Estate | 3.0% | $5.7m | 212,892 | -4% | reduced |
| 15 | BUR BURFORD CAPITAL LIMITED | Financial Services | 2.7% | $5.0m | 1,210,944 | 23% | added |
| 16 | MAIA MAIA BIOTECHNOLOGY INC | 2.3% | $4.4m | 3,030,845 | -29% | reduced | |
| 17 | ENVIRI CORP | 2.2% | $4.0m | 183,333 | – | new | |
| 18 | LUXE LUXEXPERIENCE BV | 1.4% | $2.6m | 344,529 | – | new | |
| 19 | ALITEUR ALIGHT INC | 1.3% | $2.4m | 4,253,822 | 0% | held | |
| 20 | MODULAR MED INC | 1.1% | $2.0m | 438,095 | 52% | added | |
| 21 | HAIN HAIN CELESTIAL GROUP INC | Consumer Defensive | 0.3% | $479.6k | 856,064 | 0% | held |
What did Solas Capital Management, LLC sell? Positions exited since the previous filing
| Stock | Prior weight | Prior value |
|---|---|---|
| ASTL ALGOMA STL GROUP INC | 46.0% | $4.3m |
| NVRI ENVIRI CORP | 42.0% | $3.9m |
| MERC MERCER INTL INC | 11.9% | $1.1m |
Sector mix
| Sector | Weight |
|---|---|
| Healthcare | 12.3% |
| Technology | 10.5% |
| Consumer Defensive | 6.3% |
| Industrials | 6.2% |
| Basic Materials | 6.1% |
| Consumer Cyclical | 5.6% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
How concentrated is Solas Capital Management, LLC's portfolio?
Across every quarter Solas Capital Management, LLC has filed, its median largest position is 11.6% of the book and its median top-ten weight is 73.2%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 3.0 completed holding spells, the median lasted 1.0 quarters; 21.0 positions are still open and their final length is unknown.