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Solas Capital Management, LLC

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13F filer, CIK 1604867, DARIEN, CT

Solas Capital Management, LLC reported $177,748,385 across 21 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-15. Its ten largest share positions make up 75.88% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001604867-25-000011

Period
2025-03-31
Reported value
$178M
Holdings
21
Top 10 weight
75.88%
New
3
Sold out
1

Largest buys vs the previous quarter

SecurityShares changeApprox. value
SNWVnew+584,048$20.7M
GOnew+982,515$13.7M
WOOFnew+3,000,000$9.15M
ASTLadded+400,000$2.17M
AAPadded+47,911$1.88M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
WALGREENS BOOTS ALLIANCE INCreduced-330,000-$3.69M
PARRreduced-101,423-$1.45M
AMBPreduced-347,468-$1.05M
VSTSexited-41,386-$631K
ZIMVIE INCreduced-49,220-$532K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2025

Share positions as resolved from 13F-HR 0001604867-25-000011, largest first. % of portfolio is the value over $177,748,385, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
EPSNEPSILON ENERGY LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,768,467 shares; 2024Q4: 3,768,467 shares; 2025Q1: 3,768,467 shares 3,768,467$26.6M14.97%0Timeline
SNWVSANUWAVE HEALTH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 584,048 shares 584,048$20.7M11.62%newTimeline
GOGROCERY OUTLET HLDG CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 982,515 shares 982,515$13.7M7.73%newTimeline
FENCFENNEC PHARMACEUTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,923,536 shares; 2024Q4: 2,250,919 shares; 2025Q1: 2,250,919 shares 2,250,919$13.7M7.71%0Timeline
SNDASONIDA SENIOR LIVING INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 582,917 shares; 2024Q4: 508,917 shares; 2025Q1: 520,360 shares 520,360$12.1M6.82%+11,443Timeline
AAPADVANCE AUTO PARTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 215,484 shares; 2024Q4: 235,484 shares; 2025Q1: 283,395 shares 283,395$11.1M6.25%+47,911Timeline
PARRPAR PAC HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 153,577 shares; 2024Q4: 795,000 shares; 2025Q1: 693,577 shares 693,577$9.89M5.56%-101,423Timeline
WOOFPETCO HEALTH & WELLNESS CO IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 3,000,000 shares 3,000,000$9.15M5.15%newTimeline
AMBPARDAGH METAL PACKAGING S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,031,378 shares; 2024Q4: 3,361,378 shares; 2025Q1: 3,013,910 shares 3,013,910$9.1M5.12%-347,468Timeline
WALGREENS BOOTS ALLIANCE INCWALGREENS BOOTS ALLIANCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,284,554 shares; 2024Q4: 1,116,787 shares; 2025Q1: 786,787 shares 786,787$8.79M4.94%-330,000
ASTLALGOMA STL GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 990,646 shares; 2024Q4: 1,060,646 shares; 2025Q1: 1,460,646 shares 1,460,646$7.92M4.45%+400,000Timeline
ACOGALPHA COGNITION INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,393,328 shares; 2025Q1: 1,393,328 shares 1,393,328$6.96M3.92%0Timeline
MERCMERCER INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,077,000 shares; 2025Q1: 1,025,157 shares 1,025,157$6.3M3.55%-51,843Timeline
LEELEE ENTERPRISES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 482,212 shares; 2024Q4: 482,212 shares; 2025Q1: 482,212 shares 482,212$5.01M2.82%0Timeline
ZIMVIE INCZIMVIE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 400,000 shares; 2024Q4: 389,756 shares; 2025Q1: 340,536 shares 340,536$3.68M2.07%-49,220
MODDMODULAR MED INC COM NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,881,095 shares; 2024Q4: 2,481,095 shares; 2025Q1: 3,243,475 shares 3,243,475$3.52M1.98%+762,380Timeline
CTRNCITI TRENDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 128,762 shares; 2024Q4: 151,412 shares; 2025Q1: 151,412 shares 151,412$3.35M1.89%0Timeline
CONTEXTLOGIC INCCONTEXTLOGIC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 124,028 shares; 2024Q4: 355,154 shares; 2025Q1: 355,154 shares 355,154$2.48M1.39%0
SPWHSPORTSMANS WHSE HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,456,963 shares; 2024Q4: 1,107,137 shares; 2025Q1: 1,852,091 shares 1,852,091$1.84M1.04%+744,954Timeline
MURAL ONCOLOGY PUB LTD COMURAL ONCOLOGY PUB LTD COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,269,000 shares; 2024Q4: 1,269,000 shares; 2025Q1: 887,995 shares 887,995$1.12M0.63%-381,005
KDKYNDRYL HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 726,278 shares; 2024Q4: 26,818 shares; 2025Q1: 22,445 shares 22,445$705K0.4%-4,373Timeline

Sold out in Q1 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
VSTSVESTIS CORPORATION41,386$631Kshares

How Q1 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001604867-25-000011 base2025-05-15acceptance time not in the bulk data set