Solas Capital Management, LLC Diversified Active

CIK: 0001604867 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 14, 2025

Total Value ($000): $163,838 (100.0% shares, 0.0% debt)

Holdings (20)

FENC FENNEC PHARMACEUTICALS INC 12.5%

Value ($000) $20,479 Shares 2,187,902 Est. Cost $6.02 Unrealized +43.9%

EPSN EPSILON ENERGY LTD 11.1%

Value ($000) $18,243 Shares 3,619,613 Est. Cost $3.04 Unrealized +94.9%

SNDA SONIDA SENIOR LIVING INC 7.9%

Value ($000) $12,965 Shares 467,709 Est. Cost $21.46 Unrealized +19.6%

MOH MOLINA HEALTHCARE INC 6.6%

Value ($000) $10,857 Shares 56,737 Est. Cost $184.06 Unrealized 0.0%

GO GROCERY OUTLET HLDG CORP 6.6%

Value ($000) $10,852 Shares 676,142 Est. Cost $14.79 Unrealized +8.0%

REGN REGENERON PHARMACEUTICALS 6.3%

Value ($000) $10,243 Shares 18,218 Est. Cost $556.12 Unrealized +1.5%

ASIX ADVANSIX INC 6.2%

Value ($000) $10,100 Shares 521,141 Est. Cost $21.95 Unrealized -5.7%

— ZIMVIE INC 6.1%

Value ($000) $10,038 Shares 530,013 Est. Cost $12.62 Unrealized —

AAP ADVANCE AUTO PARTS INC 5.5%

Value ($000) $9,002 Shares 146,617 Est. Cost $55.13 Unrealized +6.0%

ACOG ALPHA COGNITION INC 5.1%

Value ($000) $8,347 Shares 1,282,192 Est. Cost $5.61 Unrealized +62.4%

SNWV SANUWAVE HEALTH INC 4.6%

Value ($000) $7,545 Shares 201,304 Est. Cost $28.49 Unrealized +30.0%

— THE ODP CORP 4.5%

Value ($000) $7,355 Shares 264,097 Est. Cost $22.66 Unrealized —

SEG SEAPORT ENTMT GROUP INC 3.2%

Value ($000) $5,323 Shares 232,238 Est. Cost $23.50 Unrealized 0.0%

GT GOODYEAR TIRE & RUBR CO 3.2%

Value ($000) $5,173 Shares 691,569 Est. Cost $10.59 Unrealized -11.2%

MERC MERCER INTL INC 2.9%

Value ($000) $4,752 Shares 1,650,032 Est. Cost $5.41 Unrealized -39.0%

ASTL ALGOMA STL GROUP INC 2.4%

Value ($000) $3,879 Shares 1,091,248 Est. Cost $8.15 Unrealized -34.8%

VTOL BRISTOW GROUP INC 1.8%

Value ($000) $2,938 Shares 81,443 Est. Cost $30.16 Unrealized +21.7%

MODD MODULAR MED INC 1.6%

Value ($000) $2,644 Shares 3,778,480 Est. Cost $1.69 Unrealized -57.6%

LEE LEE ENTERPRISES INC 1.6%

Value ($000) $2,572 Shares 472,748 Est. Cost $16.76 Unrealized -69.1%

SPWH SPORTSMANS WHSE HLDGS INC 0.3%

Value ($000) $529 Shares 191,116 Est. Cost $4.89 Unrealized -34.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FENC	FENNEC PHARMACEUTICALS INC	2,187,902	$20,479	12.5%	$6.02	+43.9%	COM	31447P100
EPSN	EPSILON ENERGY LTD	3,619,613	$18,243	11.1%	$3.04	+94.9%	COM	294375209
SNDA	SONIDA SENIOR LIVING INC	467,709	$12,965	7.9%	$21.46	+19.6%	COM	140475203
MOH	MOLINA HEALTHCARE INC	56,737	$10,857	6.6%	$184.06	0.0%	COM	60855R100
GO	GROCERY OUTLET HLDG CORP	676,142	$10,852	6.6%	$14.79	+8.0%	COM	39874R101
REGN	REGENERON PHARMACEUTICALS	18,218	$10,243	6.3%	$556.12	+1.5%	COM	75886F107
ASIX	ADVANSIX INC	521,141	$10,100	6.2%	$21.95	-5.7%	COM	00773T101
—	ZIMVIE INC	530,013	$10,038	6.1%	$12.62	—	COM	98888T107
AAP	ADVANCE AUTO PARTS INC	146,617	$9,002	5.5%	$55.13	+6.0%	COM	00751Y106
ACOG	ALPHA COGNITION INC	1,282,192	$8,347	5.1%	$5.61	+62.4%	COM NEW	02074J501
SNWV	SANUWAVE HEALTH INC	201,304	$7,545	4.6%	$28.49	+30.0%	COM	80303D305
—	THE ODP CORP	264,097	$7,355	4.5%	$22.66	—	COM	88337F105
SEG	SEAPORT ENTMT GROUP INC	232,238	$5,323	3.2%	$23.50	0.0%	COMMON STOCK	812215200
GT	GOODYEAR TIRE & RUBR CO	691,569	$5,173	3.2%	$10.59	-11.2%	COM	382550101
MERC	MERCER INTL INC	1,650,032	$4,752	2.9%	$5.41	-39.0%	COM	588056101
ASTL	ALGOMA STL GROUP INC	1,091,248	$3,879	2.4%	$8.15	-34.8%	COM	015658107
VTOL	BRISTOW GROUP INC	81,443	$2,938	1.8%	$30.16	+21.7%	COM	11040G103
MODD	MODULAR MED INC	3,778,480	$2,644	1.6%	$1.69	-57.6%	COM NEW	60785L207
LEE	LEE ENTERPRISES INC	472,748	$2,572	1.6%	$16.76	-69.1%	COM	523768406
SPWH	SPORTSMANS WHSE HLDGS INC	191,116	$529	0.3%	$4.89	-34.7%	COM	84920Y106