Solas Capital Management, LLC Diversified Active

Location: Darien, CT

CIK: 0001604867 · Show all filings

Period: Q2 2020 (← Previous) (Next →)

Filing Date: Aug 14, 2020

Total Value: $108M (100.0% shares, 0.0% debt)

Holdings (27)

EPSN EPSILON ENERGY LTD 10.7%

Value $11.57M Shares 3,921,938 Share Price $2.95 * Est. Cost/Share $2.72 Unrealized @ Report Date -10.5%

NWSA NEWS CORP NEW 10.0%

Value $10.82M Shares 912,513 Share Price $11.86 * Est. Cost/Share $11.89 Unrealized @ Report Date -14.6%

FENC FENNEC PHARMACEUTICALS INC 7.4%

Value $8.016M Shares 960,000 Share Price $8.35 * Est. Cost/Share $4.28 Unrealized @ Report Date +73.6%

SWKH SWK HLDGS CORP 7.1%

Value $7.679M Shares 641,000 Share Price $11.98 * Est. Cost/Share $10.16 Unrealized @ Report Date -2.7%

— EMCORE CORP 6.9%

Value $7.496M Shares 2,357,227 Share Price $3.18 Est. Cost/Share $3.65 Unrealized @ Report Date —

MPC MARATHON PETE CORP 5.3%

Value $5.794M Shares 155,000 Share Price $37.38 * Est. Cost/Share $38.36 Unrealized @ Report Date -29.2%

GTX GARRETT MOTION INC 5.1%

Value $5.54M Shares 1,000,000 Share Price $5.54 * Est. Cost/Share $11.55 Unrealized @ Report Date -57.7%

— IEC ELECTRS CORP NEW 4.7%

Value $5.056M Shares 525,000 Share Price $9.63 Est. Cost/Share $6.12 Unrealized @ Report Date —

BXC BLUELINX HLDGS INC 4.3%

Value $4.648M Shares 542,367 Share Price $8.57 * Est. Cost/Share $16.86 Unrealized @ Report Date -63.4%

— HILL INTL INC 3.8%

Value $4.165M Shares 2,740,000 Share Price $1.52 Est. Cost/Share $2.30 Unrealized @ Report Date —

— COREPOINT LODGING INC 3.6%

Value $3.894M Shares 925,000 Share Price $4.21 Est. Cost/Share $8.59 Unrealized @ Report Date —

— OAKTREE SPECIALTY LENDING CO 3.3%

Value $3.524M Shares 788,387 Share Price $4.47 Est. Cost/Share $4.38 Unrealized @ Report Date —

CAKE CHEESECAKE FACTORY INC 3.1%

Value $3.323M Shares 145,000 Share Price $22.92 * Est. Cost/Share $30.06 Unrealized @ Report Date -37.0%

BBW BUILD A BEAR WORKSHOP 3.0%

Value $3.27M Shares 1,500,000 Share Price $2.18 * Est. Cost/Share $2.88 Unrealized @ Report Date -36.8%

— VERSO CORP 2.7%

Value $2.945M Shares 246,272 Share Price $11.96 Est. Cost/Share $15.16 Unrealized @ Report Date —

— EARTHSTONE ENERGY INC 2.4%

Value $2.556M Shares 900,000 Share Price $2.84 Est. Cost/Share $3.33 Unrealized @ Report Date —

— ENTERCOM COMMUNICATIONS CORP 2.2%

Value $2.346M Shares 1,700,000 Share Price $1.38 Est. Cost/Share $3.43 Unrealized @ Report Date —

GIFI GULF ISLAND FABRICATION INC 2.1%

Value $2.303M Shares 750,000 Share Price $3.07 * Est. Cost/Share $3.88 Unrealized @ Report Date -22.6%

— LEE ENTERPRISES INC 2.1%

Value $2.26M Shares 2,305,978 Share Price $0.98 Est. Cost/Share $0.98 Unrealized @ Report Date —

— 1347 PPTY INS HLDGS INC 2.0%

Value $2.18M Shares 488,843 Share Price $4.46 Est. Cost/Share $4.10 Unrealized @ Report Date —

BWFG BANKWELL FINL GROUP INC 1.6%

Value $1.772M Shares 111,442 Share Price $15.90 * Est. Cost/Share $12.69 Unrealized @ Report Date 0.0%

BJRI BJS RESTAURANTS INC 1.6%

Value $1.769M Shares 84,500 Share Price $20.93 * Est. Cost/Share $32.00 Unrealized @ Report Date -38.1%

ASIX ADVANSIX INC 1.6%

Value $1.702M Shares 145,000 Share Price $11.74 * Est. Cost/Share $14.18 Unrealized @ Report Date -25.0%

PBF PBF ENERGY INC 1.5%

Value $1.659M Shares 162,000 Share Price $10.24 * Est. Cost/Share $23.64 Unrealized @ Report Date -57.7%

— GOLAR LNG PARTNERS LP 0.9%

Value $1.006M Shares 390,000 Share Price $2.58 Est. Cost/Share $3.36 Unrealized @ Report Date —

— FRANCESCAS HLDGS CORP 0.5%

Value $570K Shares 148,100 Share Price $3.85 Est. Cost/Share $10.38 Unrealized @ Report Date —

— STEEL CONNECT INC 0.4%

Value $480K Shares 799,368 Share Price $0.60 Est. Cost/Share $1.64 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
EPSN	EPSILON ENERGY LTD	3,921,938	$11.57M	10.7%	$2.95 *	$2.72	-10.5%	COM	294375209
NWSA	NEWS CORP NEW	912,513	$10.82M	10.0%	$11.86 *	$11.89	-14.6%	CL A	65249B109
FENC	FENNEC PHARMACEUTICALS INC	960,000	$8.016M	7.4%	$8.35 *	$4.28	+73.6%	COM	31447P100
SWKH	SWK HLDGS CORP	641,000	$7.679M	7.1%	$11.98 *	$10.16	-2.7%	COM NEW	78501P203
—	EMCORE CORP	2,357,227	$7.496M	6.9%	$3.18	$3.65	—	COM NEW	290846203
MPC	MARATHON PETE CORP	155,000	$5.794M	5.3%	$37.38 *	$38.36	-29.2%	COM	56585A102
GTX	GARRETT MOTION INC	1,000,000	$5.54M	5.1%	$5.54 *	$11.55	-57.7%	COM	366505105
—	IEC ELECTRS CORP NEW	525,000	$5.056M	4.7%	$9.63	$6.12	—	COM	44949L105
BXC	BLUELINX HLDGS INC	542,367	$4.648M	4.3%	$8.57 *	$16.86	-63.4%	COM NEW	09624H208
—	HILL INTL INC	2,740,000	$4.165M	3.8%	$1.52	$2.30	—	COM	431466101
—	COREPOINT LODGING INC	925,000	$3.894M	3.6%	$4.21	$8.59	—	COM	21872L104
—	OAKTREE SPECIALTY LENDING CO	788,387	$3.524M	3.3%	$4.47	$4.38	—	COM	67401P108
CAKE	CHEESECAKE FACTORY INC	145,000	$3.323M	3.1%	$22.92 *	$30.06	-37.0%	COM	163072101
BBW	BUILD A BEAR WORKSHOP	1,500,000	$3.27M	3.0%	$2.18 *	$2.88	-36.8%	COM	120076104
—	VERSO CORP	246,272	$2.945M	2.7%	$11.96	$15.16	—	CL A	92531L207
—	EARTHSTONE ENERGY INC	900,000	$2.556M	2.4%	$2.84	$3.33	—	CL A	27032D304
—	ENTERCOM COMMUNICATIONS CORP	1,700,000	$2.346M	2.2%	$1.38	$3.43	—	CL A	293639100
GIFI	GULF ISLAND FABRICATION INC	750,000	$2.303M	2.1%	$3.07 *	$3.88	-22.6%	COM	402307102
—	LEE ENTERPRISES INC	2,305,978	$2.26M	2.1%	$0.98	$0.98	—	COM	523768109
—	1347 PPTY INS HLDGS INC	488,843	$2.18M	2.0%	$4.46	$4.10	—	COM	68244P107
BWFG	BANKWELL FINL GROUP INC	111,442	$1.772M	1.6%	$15.90 *	$12.69	0.0%	COM	06654A103
BJRI	BJS RESTAURANTS INC	84,500	$1.769M	1.6%	$20.93 *	$32.00	-38.1%	COM	09180C106
ASIX	ADVANSIX INC	145,000	$1.702M	1.6%	$11.74 *	$14.18	-25.0%	COM	00773T101
PBF	PBF ENERGY INC	162,000	$1.659M	1.5%	$10.24 *	$23.64	-57.7%	CL A	69318G106
—	GOLAR LNG PARTNERS LP	390,000	$1.006M	0.9%	$2.58	$3.36	—	COM UNIT LPI	Y2745C102
—	FRANCESCAS HLDGS CORP	148,100	$570K	0.5%	$3.85	$10.38	—	COM NEW	351793203
—	STEEL CONNECT INC	799,368	$480K	0.4%	$0.60	$1.64	—	COM	858098106