Solas Capital Management, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Solas Capital Management, LLC reported 18 stock positions worth $142.5 million. Its top holding was Epsilon Energy (EPSN) at 15.5% of the portfolio, followed by Kyndryl (KD, 11.7%) and Sonida Senior Living (SNDA, 10.9%). Compared with Q2 2024, it opened 3 new positions, sold out of 5, added to 6 and reduced 3. The biggest buy was Zimvie (ZIMV, shares +2507%) and the biggest sale an exit from Aaron's (AAN).
- Most Recent 13F
- Q2 2026
- Location
- DARIEN, CT
- CIK
- 0001604867
- Portfolio Value
- $142.5M (Q3 2024)
- SEC Filing
- 0001604867-24-000012 ↗ filed Nov 14, 2024
Holdings Value
Holdings 18 stocks · $142.5M
| EPSN Epsilon Energy Ltd. | 15.50% | 3,768,467 | $22.1M | No change |
| KD Kyndryl Holdings Inc. | 11.72% | 726,278 | $16.7M | Add +11.9% |
| SNDA Sonida Senior Living Inc. | 10.94% | 582,917 | $15.6M | Add +9.2% |
| WBA Walgreens Boots Alliance Inc. | 8.08% | 1,284,554 | $11.5M | No change |
| AMBP Ardagh Metal Packaging SA | 8.02% | 3,031,378 | $11.4M | Add +3.9% |
| ASTL Algoma Steel Group Inc. | 7.11% | 990,646 | $10.1M | Reduce -41.9% |
| FENC Fennec Pharmaceuticals Inc. | 6.75% | 1,923,536 | $9.6M | Add +43.5% |
| AAP Advance Auto Parts Inc. | 5.90% | 215,484 | $8.4M | Add +77.4% |
| VSTS Vestis Corp. | 5.89% | 562,990 | $8.4M | Reduce -6.9% |
| ZIMV Zimvie Inc. | 4.46% | 400,000 | $6.3M | Add +2506.7% |
| MODULAR MED INC | 2.97% | 1,881,095 | $4.2M | No change |
| LEE Lee Enterprises | 2.95% | 482,212 | $4.2M | No change |
| MURA Mural Oncology PLC | 2.79% | 1,269,000 | $4.0M | No change |
| SPWH Sportsman's Warehouse Holdin | 2.77% | 1,456,963 | $3.9M | No change |
| PARR Par Pacific Holdings Inc. | 1.90% | 153,577 | $2.7M | New |
| CTRN Citi Trends Inc. | 1.66% | 128,762 | $2.4M | New |
| CONTEXTLOGIC INC - A | 0.47% | 124,028 | $676K | New |
| GIFI Gulf Island Fabrication Inc. | 0.12% | 29,436 | $166K | Reduce -73.8% |
Portfolio Sells Q2 2024 → Q3 2024
| AAN The Aaron's Co. Inc. | Sold out | 0.00% | −6.67 |
| SLCA US Silica Holdings Inc. | Sold out | 0.00% | −6.55 |
| VSTO Vista Outdoor Inc. | Sold out | 0.00% | −6.33 |
| LILAK Liberty Latin Americ Class C | Sold out | 0.00% | −5.63 |
| CRC California Resources Corp. | Sold out | 0.00% | −4.07 |
| GIFI Gulf Island Fabrication Inc. | Reduce -73.8% | 0.12% | −0.26 |
| ASTL Algoma Steel Group Inc. | Reduce -41.9% | 7.11% | +0.62 |
| VSTS Vestis Corp. | Reduce -6.9% | 5.89% | +1.84 |
Portfolio Buys Q2 2024 → Q3 2024
| ZIMV Zimvie Inc. | Add +2506.7% | 4.46% | +4.30 |
| SNDA Sonida Senior Living Inc. | Add +9.2% | 10.94% | +3.07 |
| AMBP Ardagh Metal Packaging SA | Add +3.9% | 8.02% | +2.60 |
| KD Kyndryl Holdings Inc. | Add +11.9% | 11.72% | +2.38 |
| FENC Fennec Pharmaceuticals Inc. | Add +43.5% | 6.75% | +2.28 |
| PARR Par Pacific Holdings Inc. | New | 1.90% | +1.90 |
| AAP Advance Auto Parts Inc. | Add +77.4% | 5.90% | +1.69 |
| CTRN Citi Trends Inc. | New | 1.66% | +1.66 |
| CONTEXTLOGIC INC - A | New | 0.47% | +0.47 |
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 |