Solas Capital Management, LLC 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Solas Capital Management, LLC disclosed 20 US equity positions worth $163.8m in its Q3 2025 13F filing. The largest position was FENC at 12.5% of the reported book, followed by EPSN and SNDA. Against the Q2 2025 filing, it opened 2 new positions, added to 3 and reduced 13 among the top 20 holdings.
What did Solas Capital Management, LLC own in Q3 2025? Top 20 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | FENC FENNEC PHARMACEUTICALS INC | 12.5% | $20.5m | 2,187,902 | -2% | reduced | |
| 2 | EPSN EPSILON ENERGY LTD | 11.1% | $18.2m | 3,619,613 | -2% | reduced | |
| 3 | SNDA SONIDA SENIOR LIVING INC | Healthcare | 7.9% | $13.0m | 467,709 | -1% | reduced |
| 4 | MOH MOLINA HEALTHCARE INC | Healthcare | 6.6% | $10.9m | 56,737 | – | new |
| 5 | GO GROCERY OUTLET HLDG CORP | Consumer Defensive | 6.6% | $10.9m | 676,142 | -31% | reduced |
| 6 | REGN REGENERON PHARMACEUTICALS | Healthcare | 6.3% | $10.2m | 18,218 | -2% | reduced |
| 7 | ASIX ADVANSIX INC | Basic Materials | 6.2% | $10.1m | 521,141 | 16% | added |
| 8 | ZIMV ZIMVIE INC | 6.1% | $10.0m | 530,013 | -23% | reduced | |
| 9 | AAP ADVANCE AUTO PARTS INC | Consumer Cyclical | 5.5% | $9.0m | 146,617 | -32% | reduced |
| 10 | ALPHA COGNITION INC | 5.1% | $8.3m | 1,282,192 | 0% | held | |
| 11 | SANUWAVE HEALTH INC | 4.6% | $7.5m | 201,304 | -32% | reduced | |
| 12 | ODP1 THE ODP CORP | 4.5% | $7.4m | 264,097 | 87% | added | |
| 13 | SEG SEAPORT ENTMT GROUP INC | 3.2% | $5.3m | 232,238 | – | new | |
| 14 | GT GOODYEAR TIRE & RUBR CO | Consumer Cyclical | 3.2% | $5.2m | 691,569 | -2% | reduced |
| 15 | MERC MERCER INTL INC | Basic Materials | 2.9% | $4.8m | 1,650,032 | -1% | reduced |
| 16 | ASTL ALGOMA STL GROUP INC | 2.4% | $3.9m | 1,091,248 | -24% | reduced | |
| 17 | VTOL BRISTOW GROUP INC | 1.8% | $2.9m | 81,443 | -67% | reduced | |
| 18 | MODULAR MED INC | 1.6% | $2.6m | 3,778,480 | 19% | added | |
| 19 | LEE LEE ENTERPRISES INC | 1.6% | $2.6m | 472,748 | 0% | held | |
| 20 | SPWH SPORTSMANS WHSE HLDGS INC | 0.3% | $529.4k | 191,116 | -70% | 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.