Solas Capital Management, LLC Diversified Active

Location: Darien, CT

CIK: 0001604867 · Show all filings

Period: Q4 2022 (← Previous) (Next →)

Filing Date: Feb 14, 2023

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

Holdings (26)

EPSN EPSILON ENERGY LTD 13.2%

Value $21.94M Shares 3,308,467 Share Price $6.63 * Est. Cost/Share $2.77 Unrealized @ Report Date +115.1%

LILAK LIBERTY LATIN AMERICA LTD 8.7%

Value $14.44M Shares 1,899,643 Share Price $7.60 Est. Cost/Share $8.93 Unrealized @ Report Date -15.7%

AMBP ARDAGH METAL PACKAGING S A 7.7%

Value $12.91M Shares 2,683,457 Share Price $4.81 * Est. Cost/Share $4.03 Unrealized @ Report Date -17.1%

FENC FENNEC PHARMACEUTICALS INC 7.2%

Value $12.02M Shares 1,252,388 Share Price $9.60 * Est. Cost/Share $5.04 Unrealized @ Report Date +75.4%

— THE AARONS COMPANY INC 6.3%

Value $10.56M Shares 883,984 Share Price $11.95 Est. Cost/Share $18.60 Unrealized @ Report Date —

KD KYNDRYL HLDGS INC 5.5%

Value $9.163M Shares 824,000 Share Price $11.12 * Est. Cost/Share $10.06 Unrealized @ Report Date 0.0%

CGNT COGNYTE SOFTWARE LTD 5.1%

Value $8.546M Shares 2,747,837 Share Price $3.11 * Est. Cost/Share $4.41 Unrealized @ Report Date -33.3%

ASTL ALGOMA STL GROUP INC 5.0%

Value $8.283M Shares 1,306,422 Share Price $6.34 * Est. Cost/Share $8.85 Unrealized @ Report Date -31.3%

— GARRETT MOTION INC 4.5%

Value $7.465M Shares 858,008 Share Price $8.70 Est. Cost/Share $8.16 Unrealized @ Report Date —

— FRANCHISE GROUP INC 3.7%

Value $6.186M Shares 259,700 Share Price $23.82 Est. Cost/Share $23.82 Unrealized @ Report Date —

— ZIMVIE INC 3.5%

Value $5.884M Shares 630,000 Share Price $9.34 Est. Cost/Share $9.34 Unrealized @ Report Date —

WBD WARNER BROS DISCOVERY INC 3.4%

Value $5.688M Shares 600,000 Share Price $9.48 * Est. Cost/Share $11.29 Unrealized @ Report Date 0.0%

SPWH SPORTSMANS WHSE HLDGS INC 3.4%

Value $5.596M Shares 594,652 Share Price $9.41 * Est. Cost/Share $9.19 Unrealized @ Report Date 0.0%

— QUANTUM CORP 3.3%

Value $5.544M Shares 5,086,000 Share Price $1.09 Est. Cost/Share $1.29 Unrealized @ Report Date —

ONL ORION OFFICE REIT INC 3.3%

Value $5.52M Shares 646,398 Share Price $8.54 Est. Cost/Share $11.23 Unrealized @ Report Date —

FIP FTAI INFRASTRUCTURE INC 3.1%

Value $5.162M Shares 1,750,000 Share Price $2.95 * Est. Cost/Share $2.55 Unrealized @ Report Date 0.0%

GIFI GULF IS FABRICATION INC 2.7%

Value $4.523M Shares 881,717 Share Price $5.13 * Est. Cost/Share $3.97 Unrealized @ Report Date +21.6%

LEE LEE ENTERPRISES INC 2.6%

Value $4.304M Shares 231,895 Share Price $18.56 * Est. Cost/Share $21.15 Unrealized @ Report Date -14.3%

SNDA SONIDA SENIOR LIVING INC 2.5%

Value $4.104M Shares 328,290 Share Price $12.50 * Est. Cost/Share $25.62 Unrealized @ Report Date -41.4%

VYX NCR CORP NEW 1.9%

Value $3.245M Shares 138,600 Share Price $23.41 * Est. Cost/Share $13.30 Unrealized @ Report Date 0.0%

NRP NATURAL RESOURCE PARTNERS L 1.1%

Value $1.863M Shares 34,284 Share Price $54.33 Est. Cost/Share $44.25 Unrealized @ Report Date —

— AUDACY INC 0.6%

Value $945K Shares 4,199,355 Share Price $0.23 Est. Cost/Share $2.40 Unrealized @ Report Date —

MODD MODULAR MED INC 0.5%

Value $904K Shares 452,152 Share Price $2.00 * Est. Cost/Share $3.90 Unrealized @ Report Date -22.8%

CCK CROWN HLDGS INC 0.5%

Value $789K Shares 9,600 Share Price $82.21 * Est. Cost/Share $76.94 Unrealized @ Report Date 0.0%

— UNITED STATES STL CORP NEW 0.4%

Value $601K Shares 24,000 Share Price $25.05 Est. Cost/Share $25.05 Unrealized @ Report Date —

UPBD RENT A CTR INC NEW 0.3%

Value $563K Shares 24,960 Share Price $22.55 * Est. Cost/Share $21.43 Unrealized @ Report Date 0.0%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
EPSN	EPSILON ENERGY LTD	3,308,467	$21.94M	13.2%	$6.63 *	$2.77	+115.1%	COM	294375209
LILAK	LIBERTY LATIN AMERICA LTD	1,899,643	$14.44M	8.7%	$7.60	$8.93	-15.7%	COM CL C	G9001E128
AMBP	ARDAGH METAL PACKAGING S A	2,683,457	$12.91M	7.7%	$4.81 *	$4.03	-17.1%	SHS	L02235106
FENC	FENNEC PHARMACEUTICALS INC	1,252,388	$12.02M	7.2%	$9.60 *	$5.04	+75.4%	COM	31447P100
—	THE AARONS COMPANY INC	883,984	$10.56M	6.3%	$11.95	$18.60	—	COM	00258W108
KD	KYNDRYL HLDGS INC	824,000	$9.163M	5.5%	$11.12 *	$10.06	0.0%	COMMON STOCK	50155Q100
CGNT	COGNYTE SOFTWARE LTD	2,747,837	$8.546M	5.1%	$3.11 *	$4.41	-33.3%	ORD SHS	M25133105
ASTL	ALGOMA STL GROUP INC	1,306,422	$8.283M	5.0%	$6.34 *	$8.85	-31.3%	COM	015658107
—	GARRETT MOTION INC	858,008	$7.465M	4.5%	$8.70	$8.16	—	PFD CONV SER A	366505204
—	FRANCHISE GROUP INC	259,700	$6.186M	3.7%	$23.82	$23.82	—	COM	35180X105
—	ZIMVIE INC	630,000	$5.884M	3.5%	$9.34	$9.34	—	COM	98888T107
WBD	WARNER BROS DISCOVERY INC	600,000	$5.688M	3.4%	$9.48 *	$11.29	0.0%	COM SER A	934423104
SPWH	SPORTSMANS WHSE HLDGS INC	594,652	$5.596M	3.4%	$9.41 *	$9.19	0.0%	COM	84920Y106
—	QUANTUM CORP	5,086,000	$5.544M	3.3%	$1.09	$1.29	—	COM NEW	747906501
ONL	ORION OFFICE REIT INC	646,398	$5.52M	3.3%	$8.54	$11.23	—	COM	68629Y103
FIP	FTAI INFRASTRUCTURE INC	1,750,000	$5.162M	3.1%	$2.95 *	$2.55	0.0%	COMMON STOCK	35953C106
GIFI	GULF IS FABRICATION INC	881,717	$4.523M	2.7%	$5.13 *	$3.97	+21.6%	COM	402307102
LEE	LEE ENTERPRISES INC	231,895	$4.304M	2.6%	$18.56 *	$21.15	-14.3%	COM	523768406
SNDA	SONIDA SENIOR LIVING INC	328,290	$4.104M	2.5%	$12.50 *	$25.62	-41.4%	COM	140475203
VYX	NCR CORP NEW	138,600	$3.245M	1.9%	$23.41 *	$13.30	0.0%	COM	62886E108
NRP	NATURAL RESOURCE PARTNERS L	34,284	$1.863M	1.1%	$54.33	$44.25	—	COM UNIT LTD PAR	63900P608
—	AUDACY INC	4,199,355	$945K	0.6%	$0.23	$2.40	—	CL A	05070N103
MODD	MODULAR MED INC	452,152	$904K	0.5%	$2.00 *	$3.90	-22.8%	COM NEW	60785L207
CCK	CROWN HLDGS INC	9,600	$789K	0.5%	$82.21 *	$76.94	0.0%	COM	228368106
—	UNITED STATES STL CORP NEW	24,000	$601K	0.4%	$25.05	$25.05	—	COM	912909108
UPBD	RENT A CTR INC NEW	24,960	$563K	0.3%	$22.55 *	$21.43	0.0%	COM	76009N100