Solas Capital Management, LLC Diversified Active

Location: Darien, CT

CIK: 0001604867 · Show all filings

Period: Q4 2023 (← Previous) (Next →)

Filing Date: Feb 14, 2024

Total Value: $161M (100.0% shares, 0.0% debt)

Holdings (23)

EPSN EPSILON ENERGY LTD 11.9%

Value $19.14M Shares 3,768,467 Share Price $5.08 * Est. Cost/Share $3.04 Unrealized @ Report Date +58.9%

FENC FENNEC PHARMACEUTICALS INC 9.6%

Value $15.47M Shares 1,378,513 Share Price $11.22 * Est. Cost/Share $5.93 Unrealized @ Report Date +39.7%

ASTL ALGOMA STL GROUP INC 7.3%

Value $11.84M Shares 1,180,057 Share Price $10.03 * Est. Cost/Share $8.52 Unrealized @ Report Date -13.0%

— ZIMVIE INC 6.8%

Value $10.95M Shares 617,072 Share Price $17.75 Est. Cost/Share $17.75 Unrealized @ Report Date —

LILAK LIBERTY LATIN AMERICA LTD 6.4%

Value $10.38M Shares 1,414,094 Share Price $7.34 * Est. Cost/Share $8.53 Unrealized @ Report Date -16.6%

FLEX FLEX LTD 6.3%

Value $10.2M Shares 335,000 Share Price $30.46 * Est. Cost/Share $20.01 Unrealized @ Report Date 0.0%

KLG WK KELLOGG CO 6.0%

Value $9.686M Shares 737,128 Share Price $13.14 Est. Cost/Share $13.14 Unrealized @ Report Date —

AMBP ARDAGH METAL PACKAGING S A 5.8%

Value $9.281M Shares 2,416,866 Share Price $3.84 * Est. Cost/Share $3.84 Unrealized @ Report Date -27.2%

— THE AARONS COMPANY INC 5.6%

Value $9.014M Shares 828,500 Share Price $10.88 Est. Cost/Share $17.15 Unrealized @ Report Date —

KD KYNDRYL HLDGS INC 4.8%

Value $7.737M Shares 372,345 Share Price $20.78 * Est. Cost/Share $11.79 Unrealized @ Report Date +44.9%

AAP ADVANCE AUTO PARTS INC 4.5%

Value $7.238M Shares 118,600 Share Price $61.03 * Est. Cost/Share $63.61 Unrealized @ Report Date -17.9%

SG SWEETGREEN INC 4.2%

Value $6.845M Shares 605,747 Share Price $11.30 * Est. Cost/Share $10.52 Unrealized @ Report Date 0.0%

SPWH SPORTSMANS WHSE HLDGS INC 3.5%

Value $5.577M Shares 1,309,117 Share Price $4.26 * Est. Cost/Share $7.43 Unrealized @ Report Date -36.2%

FIP FTAI INFRASTRUCTURE INC 3.1%

Value $5.058M Shares 1,300,361 Share Price $3.89 * Est. Cost/Share $2.61 Unrealized @ Report Date +28.8%

CVEO CIVEO CORP CDA 3.1%

Value $5.005M Shares 219,021 Share Price $22.85 * Est. Cost/Share $21.91 Unrealized @ Report Date -6.7%

ONL ORION OFFICE REIT INC 3.0%

Value $4.775M Shares 834,776 Share Price $5.72 Est. Cost/Share $9.10 Unrealized @ Report Date —

GIFI GULF IS FABRICATION INC 2.3%

Value $3.77M Shares 870,702 Share Price $4.33 * Est. Cost/Share $3.97 Unrealized @ Report Date +1.8%

SNDA SONIDA SENIOR LIVING INC 2.2%

Value $3.543M Shares 366,752 Share Price $9.66 * Est. Cost/Share $23.91 Unrealized @ Report Date -61.0%

LEE LEE ENTERPRISES INC 2.0%

Value $3.258M Shares 413,997 Share Price $7.87 * Est. Cost/Share $17.61 Unrealized @ Report Date -45.4%

MODD MODULAR MED INC 1.1%

Value $1.848M Shares 1,015,152 Share Price $1.82 * Est. Cost/Share $2.49 Unrealized @ Report Date -48.7%

BALL BALL CORP 0.1%

Value $239K Shares 4,147 Share Price $57.52 * Est. Cost/Share $50.04 Unrealized @ Report Date 0.0%

BDN BRANDYWINE RLTY TR 0.1%

Value $146K Shares 27,000 Share Price $5.40 Est. Cost/Share $5.40 Unrealized @ Report Date —

TDAY GANNETT CO INC 0.0%

Value $57,500 Shares 25,000 Share Price $2.30 * Est. Cost/Share $2.23 Unrealized @ Report Date 0.0%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
EPSN	EPSILON ENERGY LTD	3,768,467	$19.14M	11.9%	$5.08 *	$3.04	+58.9%	COM	294375209
FENC	FENNEC PHARMACEUTICALS INC	1,378,513	$15.47M	9.6%	$11.22 *	$5.93	+39.7%	COM	31447P100
ASTL	ALGOMA STL GROUP INC	1,180,057	$11.84M	7.3%	$10.03 *	$8.52	-13.0%	COM	015658107
—	ZIMVIE INC	617,072	$10.95M	6.8%	$17.75	$17.75	—	COM	98888T107
LILAK	LIBERTY LATIN AMERICA LTD	1,414,094	$10.38M	6.4%	$7.34 *	$8.53	-16.6%	COM CL C	G9001E128
FLEX	FLEX LTD	335,000	$10.2M	6.3%	$30.46 *	$20.01	0.0%	ORD	Y2573F102
KLG	WK KELLOGG CO	737,128	$9.686M	6.0%	$13.14	$13.14	—	COM SHS	92942W107
AMBP	ARDAGH METAL PACKAGING S A	2,416,866	$9.281M	5.8%	$3.84 *	$3.84	-27.2%	SHS	L02235106
—	THE AARONS COMPANY INC	828,500	$9.014M	5.6%	$10.88	$17.15	—	COM	00258W108
KD	KYNDRYL HLDGS INC	372,345	$7.737M	4.8%	$20.78 *	$11.79	+44.9%	COMMON STOCK	50155Q100
AAP	ADVANCE AUTO PARTS INC	118,600	$7.238M	4.5%	$61.03 *	$63.61	-17.9%	COM	00751Y106
SG	SWEETGREEN INC	605,747	$6.845M	4.2%	$11.30 *	$10.52	0.0%	COM CL A	87043Q108
SPWH	SPORTSMANS WHSE HLDGS INC	1,309,117	$5.577M	3.5%	$4.26 *	$7.43	-36.2%	COM	84920Y106
FIP	FTAI INFRASTRUCTURE INC	1,300,361	$5.058M	3.1%	$3.89 *	$2.61	+28.8%	COMMON STOCK	35953C106
CVEO	CIVEO CORP CDA	219,021	$5.005M	3.1%	$22.85 *	$21.91	-6.7%	COM NEW	17878Y207
ONL	ORION OFFICE REIT INC	834,776	$4.775M	3.0%	$5.72	$9.10	—	COM	68629Y103
GIFI	GULF IS FABRICATION INC	870,702	$3.77M	2.3%	$4.33 *	$3.97	+1.8%	COM	402307102
SNDA	SONIDA SENIOR LIVING INC	366,752	$3.543M	2.2%	$9.66 *	$23.91	-61.0%	COM	140475203
LEE	LEE ENTERPRISES INC	413,997	$3.258M	2.0%	$7.87 *	$17.61	-45.4%	COM	523768406
MODD	MODULAR MED INC	1,015,152	$1.848M	1.1%	$1.82 *	$2.49	-48.7%	COM NEW	60785L207
BALL	BALL CORP	4,147	$239K	0.1%	$57.52 *	$50.04	0.0%	COM	058498106
BDN	BRANDYWINE RLTY TR	27,000	$146K	0.1%	$5.40	$5.40	—	SH BEN INT NEW	105368203
TDAY	GANNETT CO INC	25,000	$57,500	0.0%	$2.30 *	$2.23	0.0%	COM	36472T109