Solas Capital Management, LLC Diversified Active

CIK: 0001604867 · Show all filings

Period: Q4 2022 (← Previous) (Next →)

Filing Date: Feb 14, 2023

Total Value ($000): $166,744 (100.0% shares, 0.0% debt)

Holdings (26)

EPSN EPSILON ENERGY LTD 13.2%

Value ($000) $21,935 Shares 3,308,467 Est. Cost $2.77 Unrealized +115.1%

LILAK LIBERTY LATIN AMERICA LTD 8.7%

Value ($000) $14,437 Shares 1,899,643 Est. Cost $8.93 Unrealized -15.7%

AMBP ARDAGH METAL PACKAGING S A 7.7%

Value ($000) $12,907 Shares 2,683,457 Est. Cost $4.03 Unrealized -17.1%

FENC FENNEC PHARMACEUTICALS INC 7.2%

Value ($000) $12,023 Shares 1,252,388 Est. Cost $5.04 Unrealized +75.4%

— THE AARONS COMPANY INC 6.3%

Value ($000) $10,564 Shares 883,984 Est. Cost $18.60 Unrealized —

KD KYNDRYL HLDGS INC 5.5%

Value ($000) $9,163 Shares 824,000 Est. Cost $10.06 Unrealized 0.0%

CGNT COGNYTE SOFTWARE LTD 5.1%

Value ($000) $8,546 Shares 2,747,837 Est. Cost $4.41 Unrealized -33.3%

ASTL ALGOMA STL GROUP INC 5.0%

Value ($000) $8,283 Shares 1,306,422 Est. Cost $8.85 Unrealized -31.3%

— GARRETT MOTION INC 4.5%

Value ($000) $7,465 Shares 858,008 Est. Cost $8.16 Unrealized —

— FRANCHISE GROUP INC 3.7%

Value ($000) $6,186 Shares 259,700 Est. Cost $23.82 Unrealized —

— ZIMVIE INC 3.5%

Value ($000) $5,884 Shares 630,000 Est. Cost $9.34 Unrealized —

WBD WARNER BROS DISCOVERY INC 3.4%

Value ($000) $5,688 Shares 600,000 Est. Cost $11.29 Unrealized 0.0%

SPWH SPORTSMANS WHSE HLDGS INC 3.4%

Value ($000) $5,596 Shares 594,652 Est. Cost $9.19 Unrealized 0.0%

— QUANTUM CORP 3.3%

Value ($000) $5,544 Shares 5,086,000 Est. Cost $1.29 Unrealized —

ONL ORION OFFICE REIT INC 3.3%

Value ($000) $5,520 Shares 646,398 Est. Cost $11.23 Unrealized —

FIP FTAI INFRASTRUCTURE INC 3.1%

Value ($000) $5,163 Shares 1,750,000 Est. Cost $2.55 Unrealized 0.0%

GIFI GULF IS FABRICATION INC 2.7%

Value ($000) $4,523 Shares 881,717 Est. Cost $3.97 Unrealized +21.6%

LEE LEE ENTERPRISES INC 2.6%

Value ($000) $4,304 Shares 231,895 Est. Cost $21.15 Unrealized -14.3%

SNDA SONIDA SENIOR LIVING INC 2.5%

Value ($000) $4,104 Shares 328,290 Est. Cost $25.62 Unrealized -41.4%

VYX NCR CORP NEW 1.9%

Value ($000) $3,245 Shares 138,600 Est. Cost $13.30 Unrealized 0.0%

NRP NATURAL RESOURCE PARTNERS L 1.1%

Value ($000) $1,863 Shares 34,284 Est. Cost $44.25 Unrealized —

— AUDACY INC 0.6%

Value ($000) $945 Shares 4,199,355 Est. Cost $2.40 Unrealized —

MODD MODULAR MED INC 0.5%

Value ($000) $904 Shares 452,152 Est. Cost $3.90 Unrealized -22.8%

CCK CROWN HLDGS INC 0.5%

Value ($000) $789 Shares 9,600 Est. Cost $76.94 Unrealized 0.0%

— UNITED STATES STL CORP NEW 0.4%

Value ($000) $601 Shares 24,000 Est. Cost $25.05 Unrealized —

UPBD RENT A CTR INC NEW 0.3%

Value ($000) $563 Shares 24,960 Est. Cost $21.43 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EPSN	EPSILON ENERGY LTD	3,308,467	$21,935	13.2%	$2.77	+115.1%	COM	294375209
LILAK	LIBERTY LATIN AMERICA LTD	1,899,643	$14,437	8.7%	$8.93	-15.7%	COM CL C	G9001E128
AMBP	ARDAGH METAL PACKAGING S A	2,683,457	$12,907	7.7%	$4.03	-17.1%	SHS	L02235106
FENC	FENNEC PHARMACEUTICALS INC	1,252,388	$12,023	7.2%	$5.04	+75.4%	COM	31447P100
—	THE AARONS COMPANY INC	883,984	$10,564	6.3%	$18.60	—	COM	00258W108
KD	KYNDRYL HLDGS INC	824,000	$9,163	5.5%	$10.06	0.0%	COMMON STOCK	50155Q100
CGNT	COGNYTE SOFTWARE LTD	2,747,837	$8,546	5.1%	$4.41	-33.3%	ORD SHS	M25133105
ASTL	ALGOMA STL GROUP INC	1,306,422	$8,283	5.0%	$8.85	-31.3%	COM	015658107
—	GARRETT MOTION INC	858,008	$7,465	4.5%	$8.16	—	PFD CONV SER A	366505204
—	FRANCHISE GROUP INC	259,700	$6,186	3.7%	$23.82	—	COM	35180X105
—	ZIMVIE INC	630,000	$5,884	3.5%	$9.34	—	COM	98888T107
WBD	WARNER BROS DISCOVERY INC	600,000	$5,688	3.4%	$11.29	0.0%	COM SER A	934423104
SPWH	SPORTSMANS WHSE HLDGS INC	594,652	$5,596	3.4%	$9.19	0.0%	COM	84920Y106
—	QUANTUM CORP	5,086,000	$5,544	3.3%	$1.29	—	COM NEW	747906501
ONL	ORION OFFICE REIT INC	646,398	$5,520	3.3%	$11.23	—	COM	68629Y103
FIP	FTAI INFRASTRUCTURE INC	1,750,000	$5,163	3.1%	$2.55	0.0%	COMMON STOCK	35953C106
GIFI	GULF IS FABRICATION INC	881,717	$4,523	2.7%	$3.97	+21.6%	COM	402307102
LEE	LEE ENTERPRISES INC	231,895	$4,304	2.6%	$21.15	-14.3%	COM	523768406
SNDA	SONIDA SENIOR LIVING INC	328,290	$4,104	2.5%	$25.62	-41.4%	COM	140475203
VYX	NCR CORP NEW	138,600	$3,245	1.9%	$13.30	0.0%	COM	62886E108
NRP	NATURAL RESOURCE PARTNERS L	34,284	$1,863	1.1%	$44.25	—	COM UNIT LTD PAR	63900P608
—	AUDACY INC	4,199,355	$945	0.6%	$2.40	—	CL A	05070N103
MODD	MODULAR MED INC	452,152	$904	0.5%	$3.90	-22.8%	COM NEW	60785L207
CCK	CROWN HLDGS INC	9,600	$789	0.5%	$76.94	0.0%	COM	228368106
—	UNITED STATES STL CORP NEW	24,000	$601	0.4%	$25.05	—	COM	912909108
UPBD	RENT A CTR INC NEW	24,960	$563	0.3%	$21.43	0.0%	COM	76009N100