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Solas Capital Management, LLC

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13F filer, CIK 1604867, DARIEN, CT

Solas Capital Management, LLC reported $178,704,228 across 20 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-14. Its ten largest share positions make up 73.7% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001604867-25-000014

Period
2025-06-30
Reported value
$179M
Holdings
20
Top 10 weight
73.7%
New
5
Sold out
6

Largest buys vs the previous quarter

SecurityShares changeApprox. value
ASIXnew+449,006$10.7M
REGNnew+18,594$9.76M
VTOLnew+250,194$8.25M
GTnew+705,784$7.32M
ZIMVIE INCadded+346,098$3.24M

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
PARRexited-693,577-$9.89M
SNWVreduced-287,357-$9.44M
WOOFexited-3,000,000-$9.15M
AMBPexited-3,013,910-$9.1M
CTRNreduced-146,537-$4.89M

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, Q2 2025

Share positions as resolved from 13F-HR 0001604867-25-000014, largest first. % of portfolio is the value over $178,704,228, 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; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,768,467 shares; 2024Q4: 3,768,467 shares; 2025Q1: 3,768,467 shares; 2025Q2: 3,694,040 shares 3,694,040$27.3M15.26%-74,427Timeline
FENCFENNEC PHARMACEUTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,923,536 shares; 2024Q4: 2,250,919 shares; 2025Q1: 2,250,919 shares; 2025Q2: 2,232,902 shares 2,232,902$18.5M10.37%-18,017Timeline
GOGROCERY OUTLET HLDG CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 982,515 shares; 2025Q2: 979,681 shares 979,681$12.2M6.81%-2,834Timeline
ACOGALPHA COGNITION INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,393,328 shares; 2025Q1: 1,393,328 shares; 2025Q2: 1,276,012 shares 1,276,012$11.9M6.66%-117,316Timeline
SNDASONIDA SENIOR LIVING INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 582,917 shares; 2024Q4: 508,917 shares; 2025Q1: 520,360 shares; 2025Q2: 474,711 shares 474,711$11.8M6.63%-45,649Timeline
ASIXADVANSIX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 449,006 shares 449,006$10.7M5.97%newTimeline
AAPADVANCE AUTO PARTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 215,484 shares; 2024Q4: 235,484 shares; 2025Q1: 283,395 shares; 2025Q2: 214,061 shares 214,061$9.95M5.57%-69,334Timeline
ASTLALGOMA STL GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 990,646 shares; 2024Q4: 1,060,646 shares; 2025Q1: 1,460,646 shares; 2025Q2: 1,431,936 shares 1,431,936$9.87M5.52%-28,710Timeline
REGNREGENERON PHARMACEUTICALSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 18,594 shares 18,594$9.76M5.46%newTimeline
SNWVSANUWAVE HEALTH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 584,048 shares; 2025Q2: 296,691 shares 296,691$9.75M5.46%-287,357Timeline
WALGREENS BOOTS ALLIANCE INCWALGREENS BOOTS ALLIANCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,284,554 shares; 2024Q4: 1,116,787 shares; 2025Q1: 786,787 shares; 2025Q2: 771,300 shares 771,300$8.85M4.95%-15,487
VTOLBRISTOW GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 250,194 shares 250,194$8.25M4.62%newTimeline
GTGOODYEAR TIRE & RUBR COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 705,784 shares 705,784$7.32M4.1%newTimeline
ZIMVIE INCZIMVIE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 400,000 shares; 2024Q4: 389,756 shares; 2025Q1: 340,536 shares; 2025Q2: 686,634 shares 686,634$6.42M3.59%+346,098
MERCMERCER INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,077,000 shares; 2025Q1: 1,025,157 shares; 2025Q2: 1,675,142 shares 1,675,142$5.86M3.28%+649,985Timeline
LEELEE ENTERPRISES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 482,212 shares; 2024Q4: 482,212 shares; 2025Q1: 482,212 shares; 2025Q2: 472,748 shares 472,748$3.03M1.69%-9,464Timeline
ODPTHE ODP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 141,145 shares 141,145$2.56M1.43%newTimeline
MODDMODULAR MED INC COM NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,881,095 shares; 2024Q4: 2,481,095 shares; 2025Q1: 3,243,475 shares; 2025Q2: 3,179,590 shares 3,179,590$2.37M1.33%-63,885Timeline
SPWHSPORTSMANS WHSE HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,456,963 shares; 2024Q4: 1,107,137 shares; 2025Q1: 1,852,091 shares; 2025Q2: 631,296 shares 631,296$2.18M1.22%-1,220,795Timeline
CTRNCITI TRENDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 128,762 shares; 2024Q4: 151,412 shares; 2025Q1: 151,412 shares; 2025Q2: 4,875 shares 4,875$163K0.09%-146,537Timeline

Sold out in Q2 2025

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

SecurityShares beforeValue beforeType
PARRPAR PAC HOLDINGS INC693,577$9.89Mshares
WOOFPETCO HEALTH & WELLNESS CO I3,000,000$9.15Mshares
AMBPARDAGH METAL PACKAGING S A3,013,910$9.1Mshares
CONTEXTLOGIC INCCONTEXTLOGIC INC355,154$2.48Mshares
MURAL ONCOLOGY PUB LTD COMURAL ONCOLOGY PUB LTD CO887,995$1.12Mshares
KDKYNDRYL HLDGS INC22,445$705Kshares

How Q2 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 0001604867-25-000014 base2025-08-14acceptance time not in the bulk data set