Solas Capital Management, LLC Diversified Active

CIK: 0001604867 · Show all filings

Period: Q2 2022 (← Previous) (Next →)

Filing Date: Aug 15, 2022

Total Value ($000): $167,626 (100.0% shares, 0.0% debt)

Holdings (21)

EPSN EPSILON ENERGY LTD 11.6%

Value ($000) $19,487 Shares 3,308,467 Est. Cost $2.77 Unrealized +108.1%

FLEX FLEX LTD 9.7%

Value ($000) $16,279 Shares 1,125,000 Est. Cost $12.57 Unrealized -1.5%

— GARRETT MOTION INC 8.5%

Value ($000) $14,174 Shares 1,749,588 Est. Cost $8.16 Unrealized —

ASTL ALGOMA STL GROUP INC 7.5%

Value ($000) $12,592 Shares 1,402,260 Est. Cost $8.85 Unrealized -1.0%

— THE AARONS COMPANY INC 7.2%

Value ($000) $11,989 Shares 824,000 Est. Cost $19.78 Unrealized —

LILAK LIBERTY LATIN AMERICA LTD 6.2%

Value ($000) $10,407 Shares 1,335,971 Est. Cost $10.06 Unrealized -9.3%

— THE ODP CORP 6.2%

Value ($000) $10,356 Shares 342,450 Est. Cost $38.98 Unrealized —

BJRI BJS RESTAURANTS INC 6.1%

Value ($000) $10,287 Shares 474,500 Est. Cost $28.07 Unrealized -8.3%

PARR PAR PAC HOLDINGS INC 5.4%

Value ($000) $9,098 Shares 583,555 Est. Cost $15.02 Unrealized +4.8%

— HILL INTL INC 4.5%

Value ($000) $7,485 Shares 4,455,271 Est. Cost $2.03 Unrealized —

FENC FENNEC PHARMACEUTICALS INC 3.9%

Value ($000) $6,548 Shares 1,173,516 Est. Cost $4.64 Unrealized +25.1%

ONL ORION OFFICE REIT INC 3.8%

Value ($000) $6,374 Shares 581,558 Est. Cost $12.29 Unrealized —

SFM SPROUTS FMRS MKT INC 3.5%

Value ($000) $5,824 Shares 230,000 Est. Cost $27.76 Unrealized 0.0%

LEE LEE ENTERPRISES INC 2.7%

Value ($000) $4,558 Shares 240,000 Est. Cost $21.15 Unrealized +3.6%

— QUANTUM CORP 2.6%

Value ($000) $4,382 Shares 3,086,000 Est. Cost $1.42 Unrealized —

— AUDACY INC 2.5%

Value ($000) $4,242 Shares 4,501,800 Est. Cost $2.40 Unrealized —

SNDA SONIDA SENIOR LIVING INC 2.5%

Value ($000) $4,209 Shares 200,451 Est. Cost $30.65 Unrealized -10.0%

GIFI GULF IS FABRICATION INC 1.8%

Value ($000) $2,954 Shares 881,717 Est. Cost $3.97 Unrealized -11.3%

CGNT COGNYTE SOFTWARE LTD 1.7%

Value ($000) $2,799 Shares 658,500 Est. Cost $7.01 Unrealized 0.0%

MODD MODULAR MED INC 1.4%

Value ($000) $2,342 Shares 452,152 Est. Cost $3.90 Unrealized +17.1%

ARDX ARDELYX INC 0.7%

Value ($000) $1,240 Shares 2,101,785 Est. Cost $1.19 Unrealized -38.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EPSN	EPSILON ENERGY LTD	3,308,467	$19,487	11.6%	$2.77	+108.1%	COM	294375209
FLEX	FLEX LTD	1,125,000	$16,279	9.7%	$12.57	-1.5%	ORD	Y2573F102
—	GARRETT MOTION INC	1,749,588	$14,174	8.5%	$8.16	—	PFD CONV SER A	366505204
ASTL	ALGOMA STL GROUP INC	1,402,260	$12,592	7.5%	$8.85	-1.0%	COM	015658107
—	THE AARONS COMPANY INC	824,000	$11,989	7.2%	$19.78	—	COM	00258W108
LILAK	LIBERTY LATIN AMERICA LTD	1,335,971	$10,407	6.2%	$10.06	-9.3%	COM CL C	G9001E128
—	THE ODP CORP	342,450	$10,356	6.2%	$38.98	—	COM	88337F105
BJRI	BJS RESTAURANTS INC	474,500	$10,287	6.1%	$28.07	-8.3%	COM	09180C106
PARR	PAR PAC HOLDINGS INC	583,555	$9,098	5.4%	$15.02	+4.8%	COM	69888T207
—	HILL INTL INC	4,455,271	$7,485	4.5%	$2.03	—	COM	431466101
FENC	FENNEC PHARMACEUTICALS INC	1,173,516	$6,548	3.9%	$4.64	+25.1%	COM	31447P100
ONL	ORION OFFICE REIT INC	581,558	$6,374	3.8%	$12.29	—	COM	68629Y103
SFM	SPROUTS FMRS MKT INC	230,000	$5,824	3.5%	$27.76	0.0%	COM	85208M102
LEE	LEE ENTERPRISES INC	240,000	$4,558	2.7%	$21.15	+3.6%	COM	523768406
—	QUANTUM CORP	3,086,000	$4,382	2.6%	$1.42	—	COM	747906501
—	AUDACY INC	4,501,800	$4,242	2.5%	$2.40	—	CL A	05070N103
SNDA	SONIDA SENIOR LIVING INC	200,451	$4,209	2.5%	$30.65	-10.0%	COM	140475203
GIFI	GULF IS FABRICATION INC	881,717	$2,954	1.8%	$3.97	-11.3%	COM	402307102
CGNT	COGNYTE SOFTWARE LTD	658,500	$2,799	1.7%	$7.01	0.0%	ORD SHS	M25133105
MODD	MODULAR MED INC	452,152	$2,342	1.4%	$3.90	+17.1%	COM	60785L207
ARDX	ARDELYX INC	2,101,785	$1,240	0.7%	$1.19	-38.0%	COM	039697107