Latest Solas Capital Management, LLC Stock Portfolio

Solas Capital Management, LLC Performance:

2025 Q1: -4.25%YTD: -4.25%2024: -2.69%

Performance for 2025 Q1 is -4.25%, and YTD is -4.25%, and 2024 is -2.69%.

About Solas Capital Management, LLC and 13F Hedge Fund Stock Holdings

Solas Capital Management, LLC is a hedge fund based in DARIEN, CT. On 29-Mar-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $537.7 Millions. In it's latest 13F Holdings report, Solas Capital Management, LLC reported an equity portfolio of $177.7 Millions as of 31 Mar, 2025.

The top stock holdings of Solas Capital Management, LLC are EPSN, SNWV, GO. The fund has invested 15% of it's portfolio in EPSILON ENERGY LTD and 11.6% of portfolio in SANUWAVE HEALTH INC.

The fund managers got completely rid off VESTIS CORPORATION stocks. They significantly reduced their stock positions in MURAL ONCOLOGY PUB LTD CO, WALGREENS BOOTS ALLIANCE INC (WBA) and KYNDRYL HLDGS INC (KD). Solas Capital Management, LLC opened new stock positions in SANUWAVE HEALTH INC (SNWV), GROCERY OUTLET HLDG CORP (GO) and PETCO HEALTH & WELLNESS CO I (WOOF). The fund showed a lot of confidence in some stocks as they added substantially to SPORTSMANS WHSE HLDGS INC (SPWH), ALGOMA STL GROUP INC (ASTL) and MODULAR MED INC (MODD).

Solas Capital Management, LLC Annual Return Estimates Vs S&P 500

Our best estimate is that Solas Capital Management, LLC made a return of -4.25% in the last quarter. In trailing 12 months, it's portfolio return was -11.87%.

New Buys

Ticker	$ Bought
sanuwave health inc	20,657,800
grocery outlet hldg corp	13,735,600
petco health & wellness co i	9,150,000

New stocks bought by Solas Capital Management, LLC

Additions

Ticker	% Inc.
sportsmans whse hldgs inc	67.29
algoma stl group inc	37.71
modular med inc	30.73
advance auto parts inc	20.35
sonida senior living inc	2.25

Additions to existing portfolio by Solas Capital Management, LLC

Reductions

Ticker	% Reduced
mural oncology pub ltd co	-30.02
walgreens boots alliance inc	-29.55
kyndryl hldgs inc	-16.31
par pac holdings inc	-12.76
zimvie inc	-12.63
ardagh metal packaging s a	-10.34
mercer intl inc	-4.81

Solas Capital Management, LLC reduced stake in above stock

Sold off

Ticker	$ Sold
vestis corporation	-630,723

Solas Capital Management, LLC got rid off the above stocks

Sector Distribution

Solas Capital Management, LLC has about 25.7% of it's holdings in Others sector.

Sector	%
Others	25.7
Healthcare	23.5
Energy	20.5
Consumer Cyclical	15.7
Consumer Defensive	7.7
Basic Materials	3.5
Communication Services	2.8

Market Cap. Distribution

Solas Capital Management, LLC has about 0% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MICRO-CAP	29.8
SMALL-CAP	25.7
UNALLOCATED	25.7
MID-CAP	11.6
NANO-CAP	7.1

Stocks belong to which Index?

About 22.7% of the stocks held by Solas Capital Management, LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	77.3
RUSSELL 2000	17.8
S&P 500	4.9

Top 5 Winners (%)		%
WBA	walgreens boots alliance inc	19.7 %
EPSN	epsilon energy ltd	13.7 %
WOOF	petco health & wellness co i	3.0 %
SNDA	sonida senior living inc	0.9 %

Top 5 Winners ($)		$
EPSN	epsilon energy ltd	3.2 M
WBA	walgreens boots alliance inc	2.1 M
WOOF	petco health & wellness co i	0.3 M
SNDA	sonida senior living inc	0.1 M

Top 5 Losers (%)		%
SPWH	sportsmans whse hldgs inc	-56.5 %
LEE	lee enterprises inc	-29.8 %
ZIMV	zimvie inc	-20.3 %
MODD	modular med inc	-16.9 %
AAP	advance auto parts inc	-15.9 %

Top 5 Losers ($)		$
SPWH	sportsmans whse hldgs inc	-2.4 M
LEE	lee enterprises inc	-2.1 M
AAP	advance auto parts inc	-2.1 M
GO	grocery outlet hldg corp	-1.7 M
PARR	par pac holdings inc	-1.6 M

Solas Capital Management, LLC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Solas Capital Management, LLC

Solas Capital Management, LLC has 21 stocks in it's portfolio. About 75.9% of the portfolio is in top 10 stocks. SPWH proved to be the most loss making stock for the portfolio. EPSN was the most profitable stock for Solas Capital Management, LLC last quarter.

Last Reported on: 15 May, 2025

	Ticker	Namesorted descending	% Portfolio	Shares Held	$ Value	Type	% Change
	EPSN	epsilon energy ltd	14.97	3,768,470	26,605,400	unchanged	0.00
Historical Trend of EPSILON ENERGY LTD Position Held By Solas Capital Management, LLC What % of Portfolio is EPSN?: Number of EPSN shares held: Change in No. of Shares Held:
	SNWV	sanuwave health inc	11.62	584,048	20,657,800	new

	GO	grocery outlet hldg corp	7.73	982,515	13,735,600	new

	FENC	fennec pharmaceuticals inc	7.71	2,250,920	13,708,100	unchanged	0.00

	SNDA	sonida senior living inc	6.82	520,360	12,119,200	added	2.25

	AAP	advance auto parts inc	6.25	283,395	11,111,900	added	20.35

	PARR	par pac holdings inc	5.56	693,577	9,890,410	reduced	-12.76

	WOOF	petco health & wellness co i	5.15	3,000,000	9,150,000	new

		ardagh metal packaging s a	5.12	3,013,910	9,102,010	reduced	-10.34

	WBA	walgreens boots alliance inc	4.94	786,787	8,788,410	reduced	-29.55

	ASTL	algoma stl group inc	4.45	1,460,650	7,916,700	added	37.71

		alpha cognition inc	3.92	1,393,330	6,961,020	unchanged	0.00

	MERC	mercer intl inc	3.55	1,025,160	6,304,720	reduced	-4.81

	LEE	lee enterprises inc	2.82	482,212	5,005,360	unchanged	0.00

	ZIMV	zimvie inc	2.07	340,536	3,677,790	reduced	-12.63

	MODD	modular med inc	1.98	3,243,480	3,518,770	added	30.73

	CTRN	citi trends inc	1.89	151,412	3,351,500	unchanged	0.00

	WISH	contextlogic inc	1.40	355,154	2,478,980	unchanged	0.00

	SPWH	sportsmans whse hldgs inc	1.04	1,852,090	1,841,160	added	67.29

		mural oncology pub ltd co	0.63	887,995	1,118,870	reduced	-30.02