SC
Solas Capital Management, LLC: 13F Stock Holdings & Portfolio (Q2 2026)
Solas Capital Management, LLCCIK: 0001604867
Sector-focusedMomentum followerQuality / disciplined sizing
Total reported value
$186.6M
Reporting period: 2026-06-30 · Number of holdings: 21
Solas Capital Management, LLC disclosed 21 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $186.6M and a quarterly turnover rate of 26.6%.
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Personality snowflake
- Concentration
- 25.99
- Portfolio Stability
- 26.59
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 42
- Sizing Uniformity
- 93.82
Solas Capital Management, LLC's disclosed holdings carry a Herfindahl concentration index of 0.065 — mathematically equivalent to about 15 equally-sized positions, close to its 21 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.62), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 21% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govSold out ASTL
Add NSP
+11.9% $4.8M
Sold out HA7
Trim EPSN
0.0% -$2.6M
New buy 29390K102
Add EEFT
+73.6% $4.4M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | FENC | Fennec Pharmaceuticals Inc | Stock-Other | 10.88% | +2.10% | -23.88% | |
| 2 | EPSN | Epsilon Energy LTD | Stock-Other | 10.06% | -2.24% | — | |
| 3 | ACOG | Alpha Cognition Inc | Stock-Other | 7.45% | +1.37% | — | |
| 4 | SNDA | Sonida Senior Living Inc | Stock-Other | 7.38% | -0.89% | -24.27% | |
| 5 | LEE | Lee Enterprises | Stock-Other | 7.36% | -0.66% | -7.99% | |
| 6 | NSP | Insperity Inc | Stock-Other | 6.24% | +2.32% | +11.91% | |
| 7 | GO | Grocery Outlet Holding CORP | Stock-Other | 6.09% | +0.43% | -18.36% | |
| 8 | ASIX | Advansix Inc | Stock-Other | 6.09% | -1.17% | +10.50% | |
| 9 | AAP | Advance Auto Parts Inc | Stock-Consumer Disc | 5.64% | +0.51% | — | |
| 10 | KD | Kyndryl Holdings Inc | Stock-Tech | 5.55% | -1.36% | — | |
| 11 | MOH | Molina Healthcare Inc | Stock-Healthcare | 4.93% | -0.34% | -41.47% | |
| 12 | EEFT | Euronet Worldwide Inc | Stock-Tech | 4.90% | +2.15% | +73.62% | |
| 13 | SNWV | Sanuwave Health Inc | Stock-Other | 3.27% | +0.41% | +112.50% | |
| 14 | SEG | Seaport Entertainment Group | Stock-Other | 3.03% | +0.28% | -4.50% | |
| 15 | BUR | Burford Capital Limited | Stock-Other | 2.66% | +0.11% | +23.45% | |
| 16 | MAIA | Maia Biotechnology Inc | Stock-Other | 2.34% | -1.12% | -29.47% | |
| 17 | ✓ | Stock-Other | 2.16% | +2.16% | NEW | ||
| 18 | LUXE | Luxexperience BV | Stock-Other | 1.37% | +1.37% | NEW | |
| 19 | ALIT | Alight Inc - Class A | Stock-Other | 1.28% | -0.15% | — | |
| 20 | MODD | Modular Medical Inc | Stock-Other | 1.06% | +0.19% | +52.07% | |
| 21 | HAIN | Hain Celestial Group Inc | Stock-Other | 0.26% | -0.08% | — |
Portfolio Performance
Performance for Q3 2026
-3.8%
Performance Last 4 Quarters
-5.6%
- Stdev
- +25.8%
- Beta
- +1.08
- Alpha
- +0.3%
- Max Drawdown
- -14.2%
- Annualized Perf
- +20.6%
- Batting Avg vs S&P
- +47.2%
- Sortino
- +1.89
- Stutzer
- +0.26
- Treynor
- +0.2
- Sterling
- +1.09
- Calmar
- +1.45
- Information Ratio
- +0.09
- Tracking Error
- +21.7%
- Stdev Down
- +11.6%
- Winning Months %
- +47.2%
- Losing Months %
- +52.8%
- Best 12 Months
- +49.6%
- Worst 12 Months
- -6.4%
- Efficiency Ratio
- +0.37
- Sharpe
- +0.85
- Stdev Sectors
- +11.7%
- Skewness
- +0.85
- Kurtosis
- +0.47
- Upside Potential
- +3.87
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 21 | $186.6M | 27 | ||
| 2026 Q1 | 22 | $173.9M | 48 | ||
| 2025 Q4 | 22 | $176.2M | 53 | ||
| 2025 Q3 | 20 | $163.8M | 87 | ||
| 2025 Q2 | 20 | $178.7M | 0 | ||
| 2025 Q1 | 21 | $177.7M | 100 | ||
| 2024 Q4 | 19 | $150.6M | 0 | ||
| 2024 Q3 | 18 | $142.5M | 0 | ||
| 2024 Q2 | 20 | $182.9M | 0 | ||
| 2024 Q1 | 19 | $155.5M | 0 | ||
| 2023 Q4 | 23 | $161.1M | 0 | ||
| 2023 Q3 | 19 | $142.9M | 0 | ||
| 2023 Q2 | 21 | $150.3M | 0 | ||
| 2023 Q1 | 26 | $187.3M | 0 | ||
| 2022 Q4 | 26 | $166.7M | 0 | ||
| 2022 Q3 | 22 | $164.0M | 0 | ||
| 2022 Q2 | 21 | $167.6M | 0 | ||
| 2022 Q1 | 23 | $165.1M | 0 | ||
| 2021 Q4 | 24 | $140.3M | 0 | ||
| 2021 Q3 | 25 | $143.7M | 0 | ||
| 2021 Q2 | 24 | $142.5M | 91 | ||
| 2021 Q1 | 23 | $118.9M | 71 | ||
| 2020 Q4 | 29 | $131.1M | 32 | ||
| 2020 Q3 | 25 | $104.4M | 33 | ||
| 2020 Q2 | 27 | $108.3M | 41 | ||
| 2020 Q1 | 30 | $92.3M | 55 | ||
| 2019 Q4 | 22 | $104.0M | 45 | ||
| 2019 Q3 | 23 | $96.7M | 29 | ||
| 2019 Q2 | 22 | $97.9M | 65 | ||
| 2019 Q1 | 23 | $90.6M | 29 | ||
| 2018 Q4 | 28 | $95.0M | 0 |
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Holding changes this quarter
Solas Capital Management, LLC's most significant position changes for 2026-06-30: Sold out: Algoma Steel Group Inc (ASTL); New buy: ; Sold out: Enviri CORP (HA7); New buy: Luxexperience BV (LUXE); Sold out: Mercer International Inc (MERC).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | NSP | Insperity Inc | +2.3% | +11.91% | Add |
| 2 | ✓ | +2.2% | NEW | New buy | |
| 3 | EEFT | Euronet Worldwide Inc | +2.2% | +73.62% | Add |
| 4 | FENC | Fennec Pharmaceuticals Inc | +2.1% | -23.88% | Trim |
| 5 | ACOG | Alpha Cognition Inc | +1.4% | — | Unchanged |
| 6 | LUXE | Luxexperience BV | +1.4% | NEW | New buy |
| 7 | AAP | Advance Auto Parts Inc | +0.5% | — | Unchanged |
| 8 | GO | Grocery Outlet Holding CORP | +0.4% | -18.36% | Trim |
| 9 | SNWV | Sanuwave Health Inc | +0.4% | +112.50% | Add |
| 10 | SEG | Seaport Entertainment Group | +0.3% | -4.50% | Trim |
| 11 | MODD | Modular Medical Inc | +0.2% | +52.07% | Add |
| 12 | BUR | Burford Capital Limited | +0.1% | +23.45% | Add |
| 13 | HAIN | Hain Celestial Group Inc | -0.1% | — | Unchanged |
| 14 | ALIT | Alight Inc - Class A | -0.2% | — | Unchanged |
| 15 | MOH | Molina Healthcare Inc | -0.3% | -41.47% | Trim |
| 16 | MERC | Mercer International Inc | -0.7% | EXIT | Sold out |
| 17 | LEE | Lee Enterprises | -0.7% | -7.99% | Trim |
| 18 | SNDA | Sonida Senior Living Inc | -0.9% | -24.27% | Trim |
| 19 | MAIA | Maia Biotechnology Inc | -1.1% | -29.47% | Trim |
| 20 | ASIX | Advansix Inc | -1.2% | +10.50% | Add |
| 21 | KD | Kyndryl Holdings Inc | -1.4% | — | Unchanged |
| 22 | EPSN | Epsilon Energy LTD | -2.2% | — | Unchanged |
| 23 | HA7 | Enviri CORP | -2.3% | EXIT | Sold out |
| 24 | ASTL | Algoma Steel Group Inc | -2.5% | EXIT | Sold out |
Filing History
FAQ
What is Solas Capital Management, LLC and what type of investor is it?
Solas Capital Management, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $186.6M, spread across 21 disclosed positions.
What are Solas Capital Management, LLC's largest equity positions?
Based on the latest 13F filing, Solas Capital Management, LLC's top holdings by market value are:
1. Fennec Pharmaceuticals Inc (FENC) — $20.3M (10.9%)
2. Epsilon Energy LTD (EPSN) — $18.8M (10.1%)
3. Alpha Cognition Inc (ACOG) — $13.9M (7.5%)
4. Sonida Senior Living Inc (SNDA) — $13.8M (7.4%)
5. Lee Enterprises (LEE) — $13.7M (7.4%)
What changes did Solas Capital Management, LLC make in its most recent portfolio filing?
In the latest reported quarter, Solas Capital Management, LLC made 18 notable position adjustments: 2 new positions were initiated, 6 existing holdings were added to, 7 positions were partially reduced, and 3 were completely exited. The largest of these moves: Sold out: Algoma Steel Group Inc (ASTL); New buy: ; Sold out: Enviri CORP (HA7); New buy: Luxexperience BV (LUXE); Sold out: Mercer International Inc (MERC)
What sectors does Solas Capital Management, LLC focus on?
Solas Capital Management, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 49.7%
• Consumer Discretionary: 26.8%
• Health Care: 23.4%
Investment Profile
Solas Capital Management, LLC returned an annualized 20.6% over the trailing 36 months — outperforming the S&P 500 by 0.3 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.08 (roughly in line with the market) and a 47% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 49.7% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 27 over the past 4 quarters — a shift toward more active trading.
It has added to its AAP position over the past two quarters (+$3.0M, now $10.5M), while trimming SNDA over the same stretch (-$1.1M, still holding $13.8M).
Peer Institutions
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Portfolio Stability13.7
Sector conviction46.9
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OB
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CIK 0001571727
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EF
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CIK 0001797734
Total reported value
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Portfolio Stability0.0
Sector conviction100.0
AUM within 0.0% of this institution
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Developer Access
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