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Solas Capital Management, LLC

CIK:0001604867
Hedge Fund
$599M AUM
20 holdings
Darien, CT, United States
Founded:2014
4 employees
Latest filing:Jun 30, 2025

Solas Capital Management, LLC is a hedge fund investment adviser headquartered in Darien, Connecticut. The firm is registered with the SEC and serves as investment manager to multiple private funds, as well as sub-adviser to additional funds. Founded in Delaware, Solas Capital Management manages hundreds of millions in assets and typically serves institutional and high-net-worth investors. As of 2025, the firm employs a small team of approximately 4 professionals.

Investment Strategy

Solas Capital Management, LLC manages investment vehicles focusing on public equities and related securities. The firm implements an active, discretionary long/short investment strategy across various sectors, leveraging deep fundamental research and portfolio management expertise. As a registered investment adviser, Solas Capital manages assets for its private funds and sub-adviser vehicles, seeking to generate attractive risk-adjusted returns for its investors. Its strategy often involves detailed security selection and risk management tailored to institutional quality standards.

Latest 13F Filing Activity

Solas Capital Management, LLC filed their most recent 13F report on Jun 30, 2025 disclosing 20 equity positions with a total 13F market value of $179M. The fund increased holdings in Advansix Inc., Regeneron Pharmaceuticals, Bristow Group Inc. among other positions. Solas Capital Management, LLC reduced exposure to Sanuwave Health Inc., Par Pac Holdings Inc., Petco Health & Wellness Co. I among others.

Top Buys
A
ASIXADVANSIX INC
+$10.7M
R
REGNREGENERON PHARMACEUTICALS
+$9.8M
V
VTOLBRISTOW GROUP INC
+$8.2M
G
GTGOODYEAR TIRE & RUBR CO
+$7.3M
A
ACOGALPHA COGNITION INC
+$4.9M
Top Sells
S
SNWVSANUWAVE HEALTH INC
-$10.9M
P
PARRPAR PAC HOLDINGS INC
-$9.9M
W
WOOFPETCO HEALTH & WELLNESS CO I
-$9.2M
A
AMBPARDAGH METAL PACKAGING S A
-$9.1M
C
CTRNCITI TRENDS INC
-$3.2M

Top Holdings

E
EPSNEPSILON ENERGY LTD
+15.3%$27.3M
F
FENCFENNEC PHARMACEUTICALS INC
+10.4%$18.5M
G
GOGROCERY OUTLET HLDG CORP
+6.8%$12.2M
A
ACOGALPHA COGNITION INC
+6.7%$11.9M
S
SNDASONIDA SENIOR LIVING INC
+6.6%$11.8M

Equity Positions (20)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
EPSILON ENERGY LTD15.26%$27.3M3,694,040$3.56$7.38+$656.6K
FENNEC PHARMACEUTICALS INC10.37%$18.5M2,232,902$5.77$8.30+$4.8M
GROCERY OUTLET HLDG CORP6.81%$12.2M979,681$13.98$12.42-$1.6M
ALPHA COGNITION INC6.66%$11.9M1,276,012$5.89$9.33+$4.9M
SONIDA SENIOR LIVING INC6.63%$11.8M474,711$24.79$24.95-$275.1K

Industry Allocation

BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)
+17.6%
CRUDE PETROLEUM & NATURAL GAS
+11.1%
SERVICES-NURSING & PERSONAL CARE FACILITIES
+7.9%
HOSPITAL & MEDICAL SERVICE PLANS
+6.6%
RETAIL-GROCERY STORES
+6.6%