Solas Capital Management, LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Solas Capital Management, LLC reported 20 stock positions worth $182.9 million. Its top holding was Epsilon Energy (EPSN) at 11.2% of the portfolio, followed by Kyndryl (KD, 9.3%) and Walgreens Boots Alliance (WBA, 8.5%). Compared with Q1 2024, it opened 3 new positions, sold out of 2, added to 9 and reduced 7. The biggest buy was a new position in US Silica (SLCA) and the biggest sale Zimvie (ZIMV, shares −96%).
- Most Recent 13F
- Q2 2026
- Location
- DARIEN, CT
- CIK
- 0001604867
- Portfolio Value
- $182.9M (Q2 2024)
- SEC Filing
- 0001604867-24-000009 ↗ filed Aug 14, 2024
Holdings Value
Holdings 20 stocks · $182.9M
| EPSN Epsilon Energy Ltd. | 11.23% | 3,768,467 | $20.5M | No change |
| KD Kyndryl Holdings Inc. | 9.34% | 649,259 | $17.1M | Add +51.9% |
| WBA Walgreens Boots Alliance Inc. | 8.49% | 1,284,554 | $15.5M | Add +110.8% |
| SNDA Sonida Senior Living Inc. | 7.87% | 533,817 | $14.4M | Reduce -4.8% |
| AAN The Aaron's Co. Inc. filed as THE AARONS COMPANY INC | 6.67% | 1,221,910 | $12.2M | Reduce -0.4% |
| SLCA US Silica Holdings Inc. | 6.55% | 775,000 | $12.0M | New |
| ASTL Algoma Steel Group Inc. | 6.49% | 1,706,169 | $11.9M | Add +16.7% |
| VSTO Vista Outdoor Inc. | 6.33% | 307,693 | $11.6M | Add +40.8% |
| LILAK Liberty Latin Americ Class C | 5.63% | 1,070,065 | $10.3M | Reduce -30.6% |
| AMBP Ardagh Metal Packaging SA | 5.42% | 2,917,353 | $9.9M | Add +20.2% |
| FENC Fennec Pharmaceuticals Inc. | 4.48% | 1,340,000 | $8.2M | Add +20.7% |
| AAP Advance Auto Parts Inc. | 4.21% | 121,484 | $7.7M | Add +83.3% |
| CRC California Resources Corp. | 4.07% | 140,000 | $7.5M | New |
| VSTS Vestis Corp. | 4.05% | 605,000 | $7.4M | New |
| LEE Lee Enterprises | 2.93% | 482,212 | $5.4M | Add +8.7% |
| MURA Mural Oncology PLC | 2.18% | 1,269,000 | $4.0M | Add +69.4% |
| SPWH Sportsman's Warehouse Holdin | 1.92% | 1,456,963 | $3.5M | Reduce -0.4% |
| MODULAR MED INC | 1.62% | 1,881,095 | $3.0M | Reduce -0.4% |
| GIFI Gulf Island Fabrication Inc. | 0.37% | 112,554 | $683K | Reduce -75.3% |
| ZIMV Zimvie Inc. | 0.15% | 15,345 | $280K | Reduce -96.4% |
Portfolio Sells Q1 2024 → Q2 2024
| ZIMV Zimvie Inc. | Reduce -96.4% | 0.15% | −4.40 |
| SNDA Sonida Senior Living Inc. | Reduce -4.8% | 7.87% | −2.06 |
| ONL Orion Properties Inc. | Sold out | 0.00% | −1.84 |
| GIFI Gulf Island Fabrication Inc. | Reduce -75.3% | 0.37% | −1.78 |
| LILAK Liberty Latin Americ Class C | Reduce -30.6% | 5.63% | −1.30 |
| SPWH Sportsman's Warehouse Holdin | Reduce -0.4% | 1.92% | −1.01 |
| MODULAR MED INC | Reduce -0.4% | 1.62% | −0.62 |
| CVEO Civeo Corp. | Sold out | 0.00% | −0.04 |
| AAN The Aaron's Co. Inc. | Reduce -0.4% | 6.67% | +0.75 |
Portfolio Buys Q1 2024 → Q2 2024
| SLCA US Silica Holdings Inc. | New | 6.55% | +6.55 |
| CRC California Resources Corp. | New | 4.07% | +4.07 |
| VSTS Vestis Corp. | New | 4.05% | +4.05 |
| KD Kyndryl Holdings Inc. | Add +51.9% | 9.34% | +3.36 |
| VSTO Vista Outdoor Inc. | Add +40.8% | 6.33% | +1.73 |
| AAP Advance Auto Parts Inc. | Add +83.3% | 4.21% | +0.58 |
| AMBP Ardagh Metal Packaging SA | Add +20.2% | 5.42% | +0.07 |
| WBA Walgreens Boots Alliance Inc. | Add +110.8% | 8.49% | −0.01 |
| MURA Mural Oncology PLC | Add +69.4% | 2.18% | −0.18 |
| LEE Lee Enterprises | Add +8.7% | 2.93% | −0.87 |
| ASTL Algoma Steel Group Inc. | Add +16.7% | 6.49% | −1.49 |
| FENC Fennec Pharmaceuticals Inc. | Add +20.7% | 4.48% | −3.46 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 21 | $186.6M | FENC, EPSN, ACOG, SNDA, LEE |
| Q1 2026 | 22 | $173.9M | EPSN, FENC, SNDA, LEE, ASIX |
| Q4 2025 | 22 | $176.2M | FENC, EPSN, SNDA, ACOG, MOH |
| Q3 2025 | 20 | $163.8M | FENC, EPSN, SNDA, MOH, GO |
| Q2 2025 | 20 | $178.7M | EPSN, FENC, GO, ACOG, SNDA |
| Q1 2025 | 21 | $177.7M | EPSN, SNWV, GO, FENC, SNDA |
| Q4 2024 | 19 | $150.6M | EPSN, FENC, PARR, SNDA, AAP |
| Q3 2024 | 18 | $142.5M | EPSN, KD, SNDA, WBA, AMBP |
| Q2 2024 | 20 | $182.9M | EPSN, KD, WBA, SNDA, AAN |
| Q1 2024 | 19 | $155.5M | EPSN, SNDA, WBA, ASTL, FENC |