Q2 2026 13F · SEC CIK 1604867
Solas Capital Management, LLC
Hedge fundFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $186.6M
- Reported positions
- 21
- Top holdings a year, 3 yrs
- +11.9%
- Assets under management
- $629.0M
Solas Capital Management, LLC is a hedge fund that reported 21 positions worth $186.6M in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Fennec Pharmaceuticals Inc (FENC, 10.9%), Epsilon Energy Ltd (EPSN, 10.1%), Alpha Cognition Inc (ACOG, 7.4%). A portfolio copying its top holdings returned 11.9% a year over the last 3 years, against 20.4% for the S&P 500.
Solas Capital Management, LLC holdings all 21 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
| Stock | % of 13F value | Share change | Reported value |
|---|---|---|---|
| FENCFennec Pharmaceuticals Inc | 10.9% | -23.9% | $20.3M |
| EPSNEpsilon Energy Ltd | 10.1% | +0.0% | $18.8M |
| ACOGAlpha Cognition Inc | 7.4% | +0.0% | $13.9M |
| SNDASonida Senior Living Inc | 7.4% | -24.3% | $13.8M |
| LEELee Enterprises Inc | 7.4% | -8.0% | $13.7M |
| NSPInsperity Inc Com | 6.2% | +11.9% | $11.6M |
| GOGrocery Outlet Hldg Corp | 6.1% | -18.4% | $11.4M |
| ASIXAdvansix Inc | 6.1% | +10.5% | $11.4M |
| AAPAdvance Auto Parts Inc | 5.6% | +0.0% | $10.5M |
| KDKyndryl Hldgs Inc Common Stock | 5.5% | +0.0% | $10.4M |
| MOHMolina Healthcare Inc | 4.9% | -41.5% | $9.2M |
| EEFTEuronet Worldwide Inc | 4.9% | +73.6% | $9.1M |
| SNWVSanuwave Health Inc | 3.3% | +112.5% | $6.1M |
| SEGSeaport Entmt Group Inc | 3.0% | -4.5% | $5.7M |
| BURBurford Capital Limited | 2.7% | +23.4% | $5.0M |
| MAIAMaia Biotechnology Inc | 2.3% | -29.5% | $4.4M |
| NVRIEnviri Corp | 2.2% | — | $4.0M |
| MYTELuxexperience BV | 1.4% | — | $2.6M |
| ALITAlight Inc | 1.3% | +0.0% | $2.4M |
| MODDModular Med Inc | 1.1% | +52.1% | $2.0M |
| HAINHain Celestial Group Inc | 0.3% | +0.0% | $480K |
What Solas Capital Management, LLC bought and sold in Q2 2026, against Q1 2026.
New positions
- NVRI Enviri Corp2.2% of 13F
- MYTE Luxexperience BV1.4% of 13F
Added to
- SNWV Sanuwave Health Inc+112.5% shares
- EEFT Euronet Worldwide Inc+73.6% shares
- MODD Modular Med Inc+52.1% shares
- BUR Burford Capital Limited+23.4% shares
- NSP Insperity Inc Com+11.9% shares
- ASIX Advansix Inc+10.5% shares
Reduced
- MOH Molina Healthcare Inc-41.5% shares
- MAIA Maia Biotechnology Inc-29.5% shares
- SNDA Sonida Senior Living Inc-24.3% shares
- FENC Fennec Pharmaceuticals Inc-23.9% shares
- GO Grocery Outlet Hldg Corp-18.4% shares
- LEE Lee Enterprises Inc-8.0% shares
Sold out
- ASTL Algoma Steel Groupwas 2.5%
- HSC Enviri Corpwas 2.3%
- MERC Mercer Intl Incwas 0.6%
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- +2.3% /yr
- S&P 500 +20.1%
- 3 years
- +11.9% /yr
- S&P 500 +20.4%
- 5 years
- +10.3% /yr
- S&P 500 +11.6%
A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $186.6M | 21 |
| Q1 2026 | $173.9M | 22 |
| Q4 2025 | $176.2M | 22 |
| Q3 2025 | $163.8M | 20 |
| Q2 2025 | $178.7M | 20 |
| Q1 2025 | $177.7M | 21 |
| Q4 2024 | $150.6M | 19 |
| Q3 2024 | $142.5M | 18 |
| Q2 2024 | $182.9M | 20 |
| Q1 2024 | $155.5M | 19 |
| Q4 2023 | $161.1M | 23 |
| Q3 2023 | $142.9M | 19 |
Questions about Solas Capital Management, LLC's portfolio
What stocks does Solas Capital Management, LLC own?
Solas Capital Management, LLC's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 21 positions worth $186.6M. The largest are Fennec Pharmaceuticals Inc (FENC) at 10.9%, Epsilon Energy Ltd (EPSN) at 10.1%, Alpha Cognition Inc (ACOG) at 7.4%, Sonida Senior Living Inc (SNDA) at 7.4% and Lee Enterprises Inc (LEE) at 7.4%.
What did Solas Capital Management, LLC buy last quarter?
In Q2 2026, Solas Capital Management, LLC added a new position in Enviri Corp (NVRI), a new position in Luxexperience BV (MYTE), Sanuwave Health Inc (SNWV) (+112.5% shares), Euronet Worldwide Inc (EEFT) (+73.6% shares) and Modular Med Inc (MODD) (+52.1% shares), compared with its Q1 2026 filing.
What did Solas Capital Management, LLC sell last quarter?
In Q2 2026, Solas Capital Management, LLC sold all of Algoma Steel Group (ASTL), sold all of Enviri Corp (HSC), sold all of Mercer Intl Inc (MERC), Molina Healthcare Inc (MOH) (-41.5% shares), Maia Biotechnology Inc (MAIA) (-29.5% shares) and Sonida Senior Living Inc (SNDA) (-24.3% shares), compared with its Q1 2026 filing.
How has Solas Capital Management, LLC's portfolio performed?
A portfolio copying Solas Capital Management, LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +11.9% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +2.3% against +20.1%. Over 5 years: +10.3% a year against +11.6%.
When is Solas Capital Management, LLC's next 13F filing due?
13F filings are due 45 days after each quarter ends. Solas Capital Management, LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.
How much money does Solas Capital Management, LLC manage?
Solas Capital Management, LLC reported $629.0M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $186.6M.