Solas Capital Management, LLC 13F holdings, Q1 2025
Holdings as of March 31, 2025 · filings on SEC EDGAR · latest filing →
Solas Capital Management, LLC disclosed 21 US equity positions worth $177.7m in its Q1 2025 13F filing. The largest position was EPSN at 15.0% of the reported book, followed by SANUWAVE HEALTH INC and GO. Against the Q4 2024 filing, it opened 3 new positions, added to 5 and reduced 7 among the top 21 holdings.
What did Solas Capital Management, LLC own in Q1 2025? Top 21 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2024 |
|---|---|---|---|---|---|---|---|
| 1 | EPSN EPSILON ENERGY LTD | 15.0% | $26.6m | 3,768,467 | 0% | held | |
| 2 | SANUWAVE HEALTH INC | 11.6% | $20.7m | 584,048 | – | new | |
| 3 | GO GROCERY OUTLET HLDG CORP | Consumer Defensive | 7.7% | $13.7m | 982,515 | – | new |
| 4 | FENC FENNEC PHARMACEUTICALS INC | 7.7% | $13.7m | 2,250,919 | 0% | held | |
| 5 | SNDA SONIDA SENIOR LIVING INC | Healthcare | 6.8% | $12.1m | 520,360 | 2% | added |
| 6 | AAP ADVANCE AUTO PARTS INC | Consumer Cyclical | 6.3% | $11.1m | 283,395 | 20% | added |
| 7 | PARR PAR PAC HOLDINGS INC | Energy | 5.6% | $9.9m | 693,577 | -13% | reduced |
| 8 | WOOF PETCO HEALTH & WELLNESS CO I | Consumer Cyclical | 5.1% | $9.2m | 3,000,000 | – | new |
| 9 | AMBP ARDAGH METAL PACKAGING S A | Consumer Cyclical | 5.1% | $9.1m | 3,013,910 | -10% | reduced |
| 10 | WBA WALGREENS BOOTS ALLIANCE INC | 4.9% | $8.8m | 786,787 | -30% | reduced | |
| 11 | ASTL ALGOMA STL GROUP INC | 4.5% | $7.9m | 1,460,646 | 38% | added | |
| 12 | ALPHA COGNITION INC | 3.9% | $7.0m | 1,393,328 | 0% | held | |
| 13 | MERC MERCER INTL INC | Basic Materials | 3.5% | $6.3m | 1,025,157 | -5% | reduced |
| 14 | LEE LEE ENTERPRISES INC | 2.8% | $5.0m | 482,212 | 0% | held | |
| 15 | ZIMV ZIMVIE INC | 2.1% | $3.7m | 340,536 | -13% | reduced | |
| 16 | MODULAR MED INC | 2.0% | $3.5m | 3,243,475 | 31% | added | |
| 17 | CTRN CITI TRENDS INC | Consumer Cyclical | 1.9% | $3.4m | 151,412 | 0% | held |
| 18 | LOGC CONTEXTLOGIC INC | 1.4% | $2.5m | 355,154 | 0% | held | |
| 19 | SPWH SPORTSMANS WHSE HLDGS INC | 1.0% | $1.8m | 1,852,091 | 67% | added | |
| 20 | MURAL ONCOLOGY PUB LTD CO | 0.6% | $1.1m | 887,995 | -30% | reduced | |
| 21 | KD KYNDRYL HLDGS INC | Technology | 0.4% | $704.8k | 22,445 | -16% | reduced |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.