Solas Capital Management, LLC Diversified Active

Location: Darien, CT

CIK: 0001604867 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 17, 2026

Total Value: $176M (100.0% shares, 0.0% debt)

Holdings (22)

FENC FENNEC PHARMACEUTICALS INC 11.2%

Value $19.72M Shares 2,560,726 Share Price $7.70 * Est. Cost/Share $6.34 Unrealized @ Report Date +29.6%

EPSN EPSILON ENERGY LTD 9.3%

Value $16.45M Shares 3,545,186 Share Price $4.64 * Est. Cost/Share $3.04 Unrealized @ Report Date +56.8%

SNDA SONIDA SENIOR LIVING INC 8.4%

Value $14.86M Shares 455,537 Share Price $32.61 * Est. Cost/Share $21.46 Unrealized @ Report Date +38.2%

ACOG ALPHA COGNITION INC 7.3%

Value $12.79M Shares 1,968,052 Share Price $6.50 * Est. Cost/Share $5.86 Unrealized @ Report Date +7.9%

MOH MOLINA HEALTHCARE INC 6.7%

Value $11.86M Shares 68,314 Share Price $173.54 * Est. Cost/Share $180.72 Unrealized @ Report Date -9.0%

GO GROCERY OUTLET HLDG CORP 6.4%

Value $11.35M Shares 1,124,055 Share Price $10.10 * Est. Cost/Share $13.91 Unrealized @ Report Date -9.5%

KD KYNDRYL HLDGS INC 6.1%

Value $10.83M Shares 407,634 Share Price $26.56 * Est. Cost/Share $27.11 Unrealized @ Report Date 0.0%

ASIX ADVANSIX INC 6.0%

Value $10.65M Shares 615,445 Share Price $17.30 Est. Cost/Share $21.24 Unrealized @ Report Date -18.3%

SNWV SANUWAVE HEALTH INC 5.0%

Value $8.759M Shares 293,529 Share Price $29.84 * Est. Cost/Share $29.61 Unrealized @ Report Date +8.3%

AAP ADVANCE AUTO PARTS INC 4.3%

Value $7.572M Shares 192,663 Share Price $39.30 * Est. Cost/Share $53.85 Unrealized @ Report Date -7.5%

PRMB PRIMO BRANDS CORPORATION 4.3%

Value $7.531M Shares 460,619 Share Price $16.35 * Est. Cost/Share $18.48 Unrealized @ Report Date 0.0%

NSP INSPERITY INC 4.0%

Value $7.052M Shares 182,132 Share Price $38.72 Est. Cost/Share $39.43 Unrealized @ Report Date 0.0%

GT GOODYEAR TIRE & RUBR CO 3.4%

Value $5.93M Shares 676,976 Share Price $8.76 * Est. Cost/Share $10.59 Unrealized @ Report Date -25.6%

EEFT EURONET WORLDWIDE INC 3.2%

Value $5.594M Shares 73,494 Share Price $76.11 * Est. Cost/Share $77.96 Unrealized @ Report Date 0.0%

GPRE GREEN PLAINS INC 3.1%

Value $5.522M Shares 563,453 Share Price $9.80 * Est. Cost/Share $10.07 Unrealized @ Report Date 0.0%

SEG SEAPORT ENTMT GROUP INC 2.6%

Value $4.499M Shares 227,578 Share Price $19.77 * Est. Cost/Share $23.50 Unrealized @ Report Date -4.6%

ASTL ALGOMA STL GROUP INC 2.5%

Value $4.384M Shares 1,069,351 Share Price $4.10 * Est. Cost/Share $8.15 Unrealized @ Report Date -51.1%

TEX TEREX CORP NEW 2.2%

Value $3.825M Shares 71,663 Share Price $53.38 * Est. Cost/Share $50.50 Unrealized @ Report Date 0.0%

MERC MERCER INTL INC 1.8%

Value $3.182M Shares 1,607,315 Share Price $1.98 * Est. Cost/Share $5.41 Unrealized @ Report Date -61.1%

LEE LEE ENTERPRISES INC 1.3%

Value $2.217M Shares 472,748 Share Price $4.69 * Est. Cost/Share $16.76 Unrealized @ Report Date -74.5%

MODD MODULAR MED INC 0.9%

Value $1.611M Shares 4,424,059 Share Price $0.36 * Est. Cost/Share $1.52 Unrealized @ Report Date -67.7%

SPWH SPORTSMANS WHSE HLDGS INC 0.0%

Value $64,805 Shares 44,387 Share Price $1.46 * Est. Cost/Share $4.89 Unrealized @ Report Date -55.5%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
FENC	FENNEC PHARMACEUTICALS INC	2,560,726	$19.72M	11.2%	$7.70 *	$6.34	+29.6%	COM	31447P100
EPSN	EPSILON ENERGY LTD	3,545,186	$16.45M	9.3%	$4.64 *	$3.04	+56.8%	COM	294375209
SNDA	SONIDA SENIOR LIVING INC	455,537	$14.86M	8.4%	$32.61 *	$21.46	+38.2%	COM	140475203
ACOG	ALPHA COGNITION INC	1,968,052	$12.79M	7.3%	$6.50 *	$5.86	+7.9%	COM NEW	02074J501
MOH	MOLINA HEALTHCARE INC	68,314	$11.86M	6.7%	$173.54 *	$180.72	-9.0%	COM	60855R100
GO	GROCERY OUTLET HLDG CORP	1,124,055	$11.35M	6.4%	$10.10 *	$13.91	-9.5%	COM	39874R101
KD	KYNDRYL HLDGS INC	407,634	$10.83M	6.1%	$26.56 *	$27.11	0.0%	COMMON STOCK	50155Q100
ASIX	ADVANSIX INC	615,445	$10.65M	6.0%	$17.30	$21.24	-18.3%	COM	00773T101
SNWV	SANUWAVE HEALTH INC	293,529	$8.759M	5.0%	$29.84 *	$29.61	+8.3%	COM	80303D305
AAP	ADVANCE AUTO PARTS INC	192,663	$7.572M	4.3%	$39.30 *	$53.85	-7.5%	COM	00751Y106
PRMB	PRIMO BRANDS CORPORATION	460,619	$7.531M	4.3%	$16.35 *	$18.48	0.0%	CLASS A COM SHS	741623102
NSP	INSPERITY INC	182,132	$7.052M	4.0%	$38.72	$39.43	0.0%	COM	45778Q107
GT	GOODYEAR TIRE & RUBR CO	676,976	$5.93M	3.4%	$8.76 *	$10.59	-25.6%	COM	382550101
EEFT	EURONET WORLDWIDE INC	73,494	$5.594M	3.2%	$76.11 *	$77.96	0.0%	COM	298736109
GPRE	GREEN PLAINS INC	563,453	$5.522M	3.1%	$9.80 *	$10.07	0.0%	COM	393222104
SEG	SEAPORT ENTMT GROUP INC	227,578	$4.499M	2.6%	$19.77 *	$23.50	-4.6%	COMMON STOCK	812215200
ASTL	ALGOMA STL GROUP INC	1,069,351	$4.384M	2.5%	$4.10 *	$8.15	-51.1%	COM	015658107
TEX	TEREX CORP NEW	71,663	$3.825M	2.2%	$53.38 *	$50.50	0.0%	COM	880779103
MERC	MERCER INTL INC	1,607,315	$3.182M	1.8%	$1.98 *	$5.41	-61.1%	COM	588056101
LEE	LEE ENTERPRISES INC	472,748	$2.217M	1.3%	$4.69 *	$16.76	-74.5%	COM	523768406
MODD	MODULAR MED INC	4,424,059	$1.611M	0.9%	$0.36 *	$1.52	-67.7%	COM NEW	60785L207
SPWH	SPORTSMANS WHSE HLDGS INC	44,387	$64,805	0.0%	$1.46 *	$4.89	-55.5%	COM	84920Y106