Solas Capital Management, LLC Diversified Active

Location: Darien, CT

CIK: 0001604867 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 14, 2025

Total Value: $164M (100.0% shares, 0.0% debt)

Holdings (20)

FENC FENNEC PHARMACEUTICALS INC 12.5%

Value $20.48M Shares 2,187,902 Share Price $9.36 * Est. Cost/Share $6.02 Unrealized @ Report Date +43.9%

EPSN EPSILON ENERGY LTD 11.1%

Value $18.24M Shares 3,619,613 Share Price $5.04 * Est. Cost/Share $3.04 Unrealized @ Report Date +94.9%

SNDA SONIDA SENIOR LIVING INC 7.9%

Value $12.96M Shares 467,709 Share Price $27.72 * Est. Cost/Share $21.46 Unrealized @ Report Date +19.6%

MOH MOLINA HEALTHCARE INC 6.6%

Value $10.86M Shares 56,737 Share Price $191.36 * Est. Cost/Share $184.06 Unrealized @ Report Date 0.0%

GO GROCERY OUTLET HLDG CORP 6.6%

Value $10.85M Shares 676,142 Share Price $16.05 Est. Cost/Share $14.79 Unrealized @ Report Date +8.0%

REGN REGENERON PHARMACEUTICALS 6.3%

Value $10.24M Shares 18,218 Share Price $562.27 Est. Cost/Share $556.12 Unrealized @ Report Date +1.5%

ASIX ADVANSIX INC 6.2%

Value $10.1M Shares 521,141 Share Price $19.38 * Est. Cost/Share $21.95 Unrealized @ Report Date -5.7%

— ZIMVIE INC 6.1%

Value $10.04M Shares 530,013 Share Price $18.94 Est. Cost/Share $12.62 Unrealized @ Report Date —

AAP ADVANCE AUTO PARTS INC 5.5%

Value $9.002M Shares 146,617 Share Price $61.40 * Est. Cost/Share $55.13 Unrealized @ Report Date +6.0%

ACOG ALPHA COGNITION INC 5.1%

Value $8.347M Shares 1,282,192 Share Price $6.51 * Est. Cost/Share $5.61 Unrealized @ Report Date +62.4%

SNWV SANUWAVE HEALTH INC 4.6%

Value $7.545M Shares 201,304 Share Price $37.48 Est. Cost/Share $28.49 Unrealized @ Report Date +30.0%

— THE ODP CORP 4.5%

Value $7.355M Shares 264,097 Share Price $27.85 Est. Cost/Share $22.66 Unrealized @ Report Date —

SEG SEAPORT ENTMT GROUP INC 3.2%

Value $5.323M Shares 232,238 Share Price $22.92 * Est. Cost/Share $23.50 Unrealized @ Report Date 0.0%

GT GOODYEAR TIRE & RUBR CO 3.2%

Value $5.173M Shares 691,569 Share Price $7.48 * Est. Cost/Share $10.59 Unrealized @ Report Date -11.2%

MERC MERCER INTL INC 2.9%

Value $4.752M Shares 1,650,032 Share Price $2.88 * Est. Cost/Share $5.41 Unrealized @ Report Date -39.0%

ASTL ALGOMA STL GROUP INC 2.4%

Value $3.879M Shares 1,091,248 Share Price $3.56 * Est. Cost/Share $8.15 Unrealized @ Report Date -34.8%

VTOL BRISTOW GROUP INC 1.8%

Value $2.938M Shares 81,443 Share Price $36.08 Est. Cost/Share $30.16 Unrealized @ Report Date +21.7%

MODD MODULAR MED INC 1.6%

Value $2.644M Shares 3,778,480 Share Price $0.70 Est. Cost/Share $1.69 Unrealized @ Report Date -57.6%

LEE LEE ENTERPRISES INC 1.6%

Value $2.572M Shares 472,748 Share Price $5.44 * Est. Cost/Share $16.76 Unrealized @ Report Date -69.1%

SPWH SPORTSMANS WHSE HLDGS INC 0.3%

Value $529K Shares 191,116 Share Price $2.77 * Est. Cost/Share $4.89 Unrealized @ Report Date -34.7%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
FENC	FENNEC PHARMACEUTICALS INC	2,187,902	$20.48M	12.5%	$9.36 *	$6.02	+43.9%	COM	31447P100
EPSN	EPSILON ENERGY LTD	3,619,613	$18.24M	11.1%	$5.04 *	$3.04	+94.9%	COM	294375209
SNDA	SONIDA SENIOR LIVING INC	467,709	$12.96M	7.9%	$27.72 *	$21.46	+19.6%	COM	140475203
MOH	MOLINA HEALTHCARE INC	56,737	$10.86M	6.6%	$191.36 *	$184.06	0.0%	COM	60855R100
GO	GROCERY OUTLET HLDG CORP	676,142	$10.85M	6.6%	$16.05	$14.79	+8.0%	COM	39874R101
REGN	REGENERON PHARMACEUTICALS	18,218	$10.24M	6.3%	$562.27	$556.12	+1.5%	COM	75886F107
ASIX	ADVANSIX INC	521,141	$10.1M	6.2%	$19.38 *	$21.95	-5.7%	COM	00773T101
—	ZIMVIE INC	530,013	$10.04M	6.1%	$18.94	$12.62	—	COM	98888T107
AAP	ADVANCE AUTO PARTS INC	146,617	$9.002M	5.5%	$61.40 *	$55.13	+6.0%	COM	00751Y106
ACOG	ALPHA COGNITION INC	1,282,192	$8.347M	5.1%	$6.51 *	$5.61	+62.4%	COM NEW	02074J501
SNWV	SANUWAVE HEALTH INC	201,304	$7.545M	4.6%	$37.48	$28.49	+30.0%	COM	80303D305
—	THE ODP CORP	264,097	$7.355M	4.5%	$27.85	$22.66	—	COM	88337F105
SEG	SEAPORT ENTMT GROUP INC	232,238	$5.323M	3.2%	$22.92 *	$23.50	0.0%	COMMON STOCK	812215200
GT	GOODYEAR TIRE & RUBR CO	691,569	$5.173M	3.2%	$7.48 *	$10.59	-11.2%	COM	382550101
MERC	MERCER INTL INC	1,650,032	$4.752M	2.9%	$2.88 *	$5.41	-39.0%	COM	588056101
ASTL	ALGOMA STL GROUP INC	1,091,248	$3.879M	2.4%	$3.56 *	$8.15	-34.8%	COM	015658107
VTOL	BRISTOW GROUP INC	81,443	$2.938M	1.8%	$36.08	$30.16	+21.7%	COM	11040G103
MODD	MODULAR MED INC	3,778,480	$2.644M	1.6%	$0.70	$1.69	-57.6%	COM NEW	60785L207
LEE	LEE ENTERPRISES INC	472,748	$2.572M	1.6%	$5.44 *	$16.76	-69.1%	COM	523768406
SPWH	SPORTSMANS WHSE HLDGS INC	191,116	$529K	0.3%	$2.77 *	$4.89	-34.7%	COM	84920Y106