Solas Capital Management, LLC Diversified Active

Location: Darien, CT

CIK: 0001604867 · Show all filings

Period: Q1 2023 (← Previous) (Next →)

Filing Date: May 15, 2023

Total Value: $187M (100.0% shares, 0.0% debt)

Holdings (26)

EPSN EPSILON ENERGY LTD 10.3%

Value $19.27M Shares 3,608,467 Share Price $5.34 * Est. Cost/Share $2.96 Unrealized @ Report Date +68.3%

AMBP ARDAGH METAL PACKAGING S A 6.8%

Value $12.67M Shares 3,106,517 Share Price $4.08 * Est. Cost/Share $3.97 Unrealized @ Report Date -8.5%

— ZIMVIE INC 6.6%

Value $12.36M Shares 1,709,511 Share Price $7.23 Est. Cost/Share $8.01 Unrealized @ Report Date —

SG SWEETGREEN INC 6.6%

Value $12.35M Shares 1,575,574 Share Price $7.84 * Est. Cost/Share $8.80 Unrealized @ Report Date 0.0%

LILAK LIBERTY LATIN AMERICA LTD 6.4%

Value $11.9M Shares 1,441,109 Share Price $8.26 * Est. Cost/Share $8.93 Unrealized @ Report Date -2.0%

ASTL ALGOMA STL GROUP INC 5.7%

Value $10.73M Shares 1,327,751 Share Price $8.08 * Est. Cost/Share $8.83 Unrealized @ Report Date -18.6%

FENC FENNEC PHARMACEUTICALS INC 5.7%

Value $10.69M Shares 1,284,543 Share Price $8.32 * Est. Cost/Share $5.15 Unrealized @ Report Date +80.1%

KD KYNDRYL HLDGS INC 5.6%

Value $10.48M Shares 709,951 Share Price $14.76 * Est. Cost/Share $10.06 Unrealized @ Report Date +41.1%

CGNT COGNYTE SOFTWARE LTD 5.0%

Value $9.315M Shares 2,747,837 Share Price $3.39 * Est. Cost/Share $4.41 Unrealized @ Report Date -18.2%

— THE AARONS COMPANY INC 4.8%

Value $8.993M Shares 930,969 Share Price $9.66 Est. Cost/Share $18.14 Unrealized @ Report Date —

CRC CALIFORNIA RES CORP 4.5%

Value $8.393M Shares 218,000 Share Price $38.50 Est. Cost/Share $38.05 Unrealized @ Report Date 0.0%

GAP GAP INC 4.4%

Value $8.321M Shares 828,750 Share Price $10.04 * Est. Cost/Share $10.91 Unrealized @ Report Date 0.0%

FIP FTAI INFRASTRUCTURE INC 3.6%

Value $6.66M Shares 2,220,000 Share Price $3.00 * Est. Cost/Share $2.61 Unrealized @ Report Date +8.3%

VYX NCR CORP NEW 3.4%

Value $6.459M Shares 273,808 Share Price $23.59 * Est. Cost/Share $14.32 Unrealized @ Report Date +7.3%

SPWH SPORTSMANS WHSE HLDGS INC 3.1%

Value $5.897M Shares 695,440 Share Price $8.48 * Est. Cost/Share $9.18 Unrealized @ Report Date -0.6%

ONL ORION OFFICE REIT INC 2.9%

Value $5.44M Shares 812,010 Share Price $6.70 Est. Cost/Share $10.30 Unrealized @ Report Date —

FLEX FLEX LTD 2.7%

Value $5.062M Shares 220,000 Share Price $23.01 * Est. Cost/Share $17.30 Unrealized @ Report Date 0.0%

— GARRETT MOTION INC 2.4%

Value $4.418M Shares 497,000 Share Price $8.89 Est. Cost/Share $8.16 Unrealized @ Report Date —

— QUANTUM CORP 2.3%

Value $4.287M Shares 3,728,108 Share Price $1.15 Est. Cost/Share $1.29 Unrealized @ Report Date —

LEE LEE ENTERPRISES INC 1.8%

Value $3.323M Shares 266,880 Share Price $12.45 * Est. Cost/Share $20.68 Unrealized @ Report Date -15.1%

GIFI GULF IS FABRICATION INC 1.7%

Value $3.262M Shares 881,717 Share Price $3.70 * Est. Cost/Share $3.97 Unrealized @ Report Date +11.8%

CVEO CIVEO CORP CDA 1.4%

Value $2.552M Shares 123,600 Share Price $20.65 * Est. Cost/Share $26.51 Unrealized @ Report Date 0.0%

SNDA SONIDA SENIOR LIVING INC 1.2%

Value $2.229M Shares 328,290 Share Price $6.79 * Est. Cost/Share $25.62 Unrealized @ Report Date -51.0%

NRP NATURAL RESOURCE PARTNERS L 0.5%

Value $954K Shares 18,285 Share Price $52.20 Est. Cost/Share $44.25 Unrealized @ Report Date —

MODD MODULAR MED INC 0.4%

Value $656K Shares 452,152 Share Price $1.45 * Est. Cost/Share $3.90 Unrealized @ Report Date -41.7%

— AUDACY INC 0.3%

Value $605K Shares 4,489,355 Share Price $0.13 Est. Cost/Share $2.25 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
EPSN	EPSILON ENERGY LTD	3,608,467	$19.27M	10.3%	$5.34 *	$2.96	+68.3%	COM	294375209
AMBP	ARDAGH METAL PACKAGING S A	3,106,517	$12.67M	6.8%	$4.08 *	$3.97	-8.5%	SHS	L02235106
—	ZIMVIE INC	1,709,511	$12.36M	6.6%	$7.23	$8.01	—	COM	98888T107
SG	SWEETGREEN INC	1,575,574	$12.35M	6.6%	$7.84 *	$8.80	0.0%	COM CL A	87043Q108
LILAK	LIBERTY LATIN AMERICA LTD	1,441,109	$11.9M	6.4%	$8.26 *	$8.93	-2.0%	COM CL C	G9001E128
ASTL	ALGOMA STL GROUP INC	1,327,751	$10.73M	5.7%	$8.08 *	$8.83	-18.6%	COM	015658107
FENC	FENNEC PHARMACEUTICALS INC	1,284,543	$10.69M	5.7%	$8.32 *	$5.15	+80.1%	COM	31447P100
KD	KYNDRYL HLDGS INC	709,951	$10.48M	5.6%	$14.76 *	$10.06	+41.1%	COMMON STOCK	50155Q100
CGNT	COGNYTE SOFTWARE LTD	2,747,837	$9.315M	5.0%	$3.39 *	$4.41	-18.2%	ORD SHS	M25133105
—	THE AARONS COMPANY INC	930,969	$8.993M	4.8%	$9.66	$18.14	—	COM	00258W108
CRC	CALIFORNIA RES CORP	218,000	$8.393M	4.5%	$38.50	$38.05	0.0%	COM STOCK	13057Q305
GAP	GAP INC	828,750	$8.321M	4.4%	$10.04 *	$10.91	0.0%	COM	364760108
FIP	FTAI INFRASTRUCTURE INC	2,220,000	$6.66M	3.6%	$3.00 *	$2.61	+8.3%	COMMON STOCK	35953C106
VYX	NCR CORP NEW	273,808	$6.459M	3.4%	$23.59 *	$14.32	+7.3%	COM	62886E108
SPWH	SPORTSMANS WHSE HLDGS INC	695,440	$5.897M	3.1%	$8.48 *	$9.18	-0.6%	COM	84920Y106
ONL	ORION OFFICE REIT INC	812,010	$5.44M	2.9%	$6.70	$10.30	—	COM	68629Y103
FLEX	FLEX LTD	220,000	$5.062M	2.7%	$23.01 *	$17.30	0.0%	ORD	Y2573F102
—	GARRETT MOTION INC	497,000	$4.418M	2.4%	$8.89	$8.16	—	PFD CONV SER A	366505204
—	QUANTUM CORP	3,728,108	$4.287M	2.3%	$1.15	$1.29	—	COM NEW	747906501
LEE	LEE ENTERPRISES INC	266,880	$3.323M	1.8%	$12.45 *	$20.68	-15.1%	COM	523768406
GIFI	GULF IS FABRICATION INC	881,717	$3.262M	1.7%	$3.70 *	$3.97	+11.8%	COM	402307102
CVEO	CIVEO CORP CDA	123,600	$2.552M	1.4%	$20.65 *	$26.51	0.0%	COM NEW	17878Y207
SNDA	SONIDA SENIOR LIVING INC	328,290	$2.229M	1.2%	$6.79 *	$25.62	-51.0%	COM	140475203
NRP	NATURAL RESOURCE PARTNERS L	18,285	$954K	0.5%	$52.20	$44.25	—	COM UNIT LTD PAR	63900P608
MODD	MODULAR MED INC	452,152	$656K	0.4%	$1.45 *	$3.90	-41.7%	COM NEW	60785L207
—	AUDACY INC	4,489,355	$605K	0.3%	$0.13	$2.25	—	CL A	05070N103