Solas Capital Management, LLC

CIK: 0001604867SEC EDGAR →

Portfolio Value

$176.2M

Holdings

22

As of

Q4 2025

New Positions

2

Closed Positions

2

Top 10 Holdings

RankStockSharesValue% of Portfolio
1

MODULAR MED INC

4,424,059$1.6B
913.53%
2

FENNEC PHARMACEUTICALS INC

2,560,726$19.7M
11.19%
3

EPSILON ENERGY LTD

3,545,186$16.4M
9.33%
4

SONIDA SENIOR LIVING INC

455,537$14.9M
8.43%
5

ALPHA COGNITION INC

1,968,052$12.8M
7.26%
6

MOLINA HEALTHCARE INC

68,314$11.9M
6.73%
7

GROCERY OUTLET HLDG CORP

1,124,055$11.4M
6.44%
8

KYNDRYL HLDGS INC

407,634$10.8M
6.14%
9

ADVANSIX INC

615,445$10.6M
6.04%
10

SANUWAVE HEALTH INC

293,529$8.8M
4.97%

Quarterly Changes

Top Buys

MODD↑ Increased
$1.6B
KDNEW
$10.8M
PRMBNEW
$7.5M
NSPNEW
$7.1M
EEFTNEW
$5.6M

Top Sells

REGNCLOSED
$10.2M
ZIMVCLOSED
$10.0M
ODP1CLOSED
$7.4M
VTOLCLOSED
$2.9M
SNDA↓ Decreased
$1.9M

New Positions (6)

$10.8M · 408K shares
$7.5M · 461K shares
$7.1M · 182K shares
$5.6M · 73K shares
$5.5M · 563K shares
$3.8M · 72K shares

Closed Positions (4)

$10.2M · 18K shares
$10.0M · 530K shares
$7.4M · 264K shares
$2.9M · 81K shares

Sector Breakdown

Sector# HoldingsValue%
Healthcare4$1.6B92.2%
Unknown3$32.8M1.8%
Consumer Defensive2$18.9M1.1%
Basic Materials3$18.2M1.0%
Energy1$16.4M0.9%
Technology2$16.4M0.9%
Financial Services1$12.8M0.7%
Industrials2$10.9M0.6%
Consumer Cyclical2$6.0M0.3%
Real Estate1$4.5M0.3%
Communication Services1$2.2M0.1%