Solas Capital Management, LLC reported 20 positions worth $184.63M for the quarter ended Jun 30, 2026, up 7.1% on the prior quarter. It opened 1 new position, added to 5, trimmed 8 and exited 2. Its largest holding is Fennec Pharmaceuticals Inc. at 11% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| EEFT Euronet Worldwide, Inc. | +53.0K | +73.6% | $3.88M | 4.95% |
| SNWV SANUWAVE Health, Inc. | +323.5K | +112.5% | $3.23M | 3.31% |
| LUXE LuxExperience B.V. | +344.5K | – | $2.56M | 1.39% |
| NSP Insperity, Inc. | +30.0K | +11.9% | $1.24M | 6.31% |
| ASIX AdvanSix Inc. | +54.3K | +10.5% | $1.08M | 6.15% |
| BUR Burford Capital Ltd | +230.0K | +23.4% | $943.00K | 2.69% |
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| MOH Molina Healthcare, Inc. | -28.5K | -41.5% | $6.52M | 4.98% |
| FENC Fennec Pharmaceuticals Inc. | -592.8K | -23.9% | $6.37M | 11% |
| SNDA Sonida Senior Living, Inc. | -108.2K | -24.3% | $4.41M | 7.46% |
| ASTL Algoma Steel Group Inc. | -1.05M | -100.0% | $4.33M | Exited |
| GO Grocery Outlet Holding Corp. | -256.1K | -18.4% | $2.56M | 6.16% |
| MAIA MAIA Biotechnology, Inc. | -1.27M | -29.5% | $1.82M | 2.36% |
| LEE LEE ENTERPRISES, Inc | -134.5K | -8.0% | $1.19M | 7.44% |
| MERC Mercer International Inc. | -790.3K | -100.0% | $1.12M | Exited |
| NVRI Enviri Corp | -17.9K | -8.9% | $392.29K | 2.18% |
| SEG Seaport Entertainment Group Inc. | -10.0K | -4.5% | $266.69K | 3.07% |
| Holding | Shares | Trade Value | Weight |
|---|---|---|---|
| LUXE LuxExperience B.V. | +344.5K | $2.56M | 1.39% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | FENC Fennec Pharmaceuticals Inc. | Healthcare | 1.89M | $20.31M | 11% | -592.8K | -23.9% | Reduced | 5.39% |
| 2 | EPSN Epsilon Energy Ltd. | Energy | 3.47M | $18.78M | 10.17% | 0 | 0.0% | Unchanged | 11.47% |
| 3 | ACOG Alpha Cognition Inc. | Healthcare | 1.92M | $13.90M | 7.53% | 0 | 0.0% | Unchanged | 8.84% |
| 4 | SNDA Sonida Senior Living, Inc. | Healthcare | 337.7K | $13.78M | 7.46% | -108.2K | -24.3% | Reduced | 0.71% |
| 5 | LEE LEE ENTERPRISES, Inc | Communication Services | 1.55M | $13.73M | 7.44% | -134.5K | -8.0% | Reduced | 6.95% |
| 6 | NSP Insperity, Inc. | Industrials | 281.9K | $11.64M | 6.31% | +30.0K | +11.9% | Added | 0.74% |
| 7 | GO Grocery Outlet Holding Corp. | Consumer Staples | 1.14M | $11.37M | 6.16% | -256.1K | -18.4% | Reduced | 1.15% |
| 8 | ASIX AdvanSix Inc. | Basic Materials | 571.3K | $11.36M | 6.15% | +54.3K | +10.5% | Added | 2.11% |
| 9 | AAP Advance Auto Parts Inc | Consumer Discretionary | 169.2K | $10.53M | 5.7% | 0 | 0.0% | Unchanged | 0.28% |
| 10 | KD Kyndryl Holdings, Inc. | Technology | 915.4K | $10.35M | 5.61% | 0 | 0.0% | Unchanged | 0.41% |
| 11 | MOH Molina Healthcare, Inc. | Healthcare | 40.2K | $9.20M | 4.98% | -28.5K | -41.5% | Reduced | 0.08% |
| 12 | EEFT Euronet Worldwide, Inc. | Technology | 125.0K | $9.15M | 4.95% | +53.0K | +73.6% | Added | 0.33% |
| 13 | SNWV SANUWAVE Health, Inc. | Healthcare | 611.0K | $6.11M | 3.31% | +323.5K | +112.5% | Added | 7.1% |
| 14 | SEG Seaport Entertainment Group Inc. | Consumer Discretionary | 212.9K | $5.66M | 3.07% | -10.0K | -4.5% | Reduced | 1.66% |
| 15 | BUR Burford Capital Ltd | Financial Services | 1.21M | $4.96M | 2.69% | +230.0K | +23.4% | Added | 0.55% |
Tip. Select a row to see that position’s full history at Solas Capital Management.
As of its Q2 2026 13F filing, Solas Capital Management, LLC’s five largest positions were Fennec Pharmaceuticals Inc. (FENC) at 11.0%, Epsilon Energy Ltd. (EPSN) at 10.2%, Alpha Cognition Inc. (ACOG) at 7.5%, Sonida Senior Living, Inc. (SNDA) at 7.5%, LEE ENTERPRISES, Inc (LEE) at 7.4% of the reported portfolio.
Solas Capital Management, LLC reported a 13F portfolio worth $184.63M across 20 positions for Q2 2026. That is up 7.1% from the previous quarter.
Its largest purchases by value were Euronet Worldwide, Inc. ($3.88M), SANUWAVE Health, Inc. ($3.23M), LuxExperience B.V. ($2.56M). It opened 1 new positions.
Its largest sales by value were Molina Healthcare, Inc. ($6.52M), Fennec Pharmaceuticals Inc. ($6.37M), Sonida Senior Living, Inc. ($4.41M). It exited 2 positions entirely.
From the Form 13F-HR reports Solas Capital Management, LLC files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.