2026 Q1 Portfolio Activity
In 2026 Q1, Solas Capital Management, LLC maintained a portfolio of 28 distinct positions. The most significant new addition was MAIA BIOTECHNOLOGY INC, now representing 3.46% of the total fund value. They heavily accumulated shares in LEE ENTERPRISES INC, increasing the position by 256.3%. Conversely, Solas Capital Management, LLC completely exited their position in PRIMO BRANDS CORPORATION.
Position History
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Total Positions
28
Quarter
2026 Q1
Top Holding
EPSN (12.3%)
Top 10 Concentration
73.7%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-28 of 28
Solas Capital Management, LLC Full Holdings List — 2026 Q1
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
EPSN
EPSILON ENERGY ...
|
Energy | 12.30% | 9.33% |
#1
1
Prev: #2
|
6.5 |
—
|
-74,425 | -2.1% |
P
S
|
3,470,761 | $21,379,888 | 2019 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
FENC
FENNEC PHARMACE...
|
Healthcare | 8.78% | 11.19% |
#2
1
Prev: #1
|
5.5 |
—
|
-78,528 | -3.1% |
P
S
|
2,482,198 | $15,265,518 | 2019 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
SNDA
SONIDA SENIOR L...
|
Healthcare | 8.27% | 8.43% |
#3
Prev: #3
|
4.8 |
—
|
-9,658 | -2.1% |
P
S
|
445,879 | $14,379,598 | 2021 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
LEE
LEE ENTERPRISES...
|
Communication Services | 8.02% | 1.26% |
#4
16
Prev: #20
|
6.7 |
—
|
1,211,738 | 256.3% |
P
S
|
1,684,486 | $13,945,445 | 2020 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
ASIX
ADVANSIX INC
|
Basic Materials | 7.26% | 6.04% |
#5
3
Prev: #8
|
3.9 |
—
|
-98,416 | -16.0% |
P
S
|
517,029 | $12,615,508 | 2020 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
KD
KYNDRYL HLDGS I...
|
Technology | 6.91% | 6.14% |
#6
1
Prev: #7
|
5.8 |
—
|
507,809 | 124.6% |
P
S
|
915,443 | $12,010,612 | 2021 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
ACOG
ALPHA COGNITION...
|
Healthcare | 6.08% | 7.26% |
#7
3
Prev: #4
|
2.9 |
—
|
-43,435 | -2.2% |
P
S
|
1,924,617 | $10,566,147 | 2024 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
GO
GROCERY OUTLET ...
|
Consumer Defensive | 5.66% | 6.44% |
#8
2
Prev: #6
|
4.8 |
—
|
271,130 | 24.1% |
P
S
|
1,395,185 | $9,836,054 | 2025 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
MOH
MOLINA HEALTHCA...
|
Healthcare | 5.27% | 6.73% |
#9
4
Prev: #5
|
2.6 |
—
|
405 | 0.6% |
P
S
|
68,719 | $9,160,243 | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
AAP
ADVANCE AUTO PA...
|
Consumer Cyclical | 5.13% | 4.30% |
#10
Prev: #10
|
2.6 |
—
|
-23,500 | -12.2% |
P
S
|
169,163 | $8,923,348 | 2023 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
NSP
INSPERITY INC
|
Industrials | 3.92% | 4.00% |
#11
1
Prev: #12
|
4.1 |
—
|
69,720 | 38.3% |
P
S
|
251,852 | $6,810,078 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
MAIA
MAIA BIOTECHNOL...
|
Healthcare | 3.46% | — |
#12
Prev: #—
|
4.9 |
—
|
4,297,004 | — |
NEW
|
4,297,004 | $6,015,806 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
SNWV
SANUWAVE HEALTH...
|
Healthcare | 2.86% | 4.97% |
#13
4
Prev: #9
|
1.6 |
—
|
-6,015 | -2.0% |
P
S
|
287,514 | $4,971,117 | 2025 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
SEG
SEAPORT ENTMT G...
|
Real Estate | 2.75% | 2.55% |
#14
2
Prev: #16
|
1.6 |
—
|
-4,660 | -2.0% |
P
S
|
222,918 | $4,788,279 | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
EEFT
EURONET WORLDWI...
|
Technology | 2.75% | 3.17% |
#15
1
Prev: #14
|
1.6 |
—
|
-1,506 | -2.0% |
P
S
|
71,988 | $4,777,844 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BUR
BURFORD CAPITAL...
|
Financial Services | 2.55% | — |
#16
Prev: #—
|
4.5 |
—
|
980,944 | — |
NEW
|
980,944 | $4,433,867 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
ASTL
ALGOMA STL GROU...
|
Basic Materials | 2.49% | 2.49% |
#17
Prev: #17
|
1.5 |
—
|
-21,897 | -2.0% |
P
S
|
1,047,454 | $4,325,985 | 2022 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
NVRI
ENVIRI CORP
|
Industrials | 2.27% | — |
#18
Prev: #—
|
4.4 |
—
|
201,205 | — |
NEW
|
201,205 | $3,947,642 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
ALIT
ALIGHT INC
|
Technology | 1.43% | — |
#19
Prev: #—
|
4.1 |
—
|
4,253,822 | — |
NEW
|
4,253,822 | $2,478,702 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
N/A
MODULAR MED INC
|
|
Unknown | 0.87% | — |
#20
Prev: #—
|
3.8 |
—
|
288,095 | — |
NEW
|
288,095 | $1,521,142 | — | 13F Filing | 2026-03-31 | 2026-05-15 | ||
|
MERC
MERCER INTL INC
|
Basic Materials | 0.65% | 1.81% |
#21
2
Prev: #19
|
0.3 |
—
|
-816,977 | -50.8% |
P
S
|
790,338 | $1,122,280 | 2024 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
HAIN
HAIN CELESTIAL ...
|
Consumer Defensive | 0.34% | — |
#22
Prev: #—
|
3.6 |
—
|
856,064 | — |
NEW
|
856,064 | $597,361 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
SPWH
SPORTSMANS WHSE...
|
Consumer Cyclical | 0.00% | 0.04% |
Sold All 😨
(Was: #22) |
0.0 |
—
|
-44,387 | -100.0% |
CLOSED
|
— | $— | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
MODD
MODULAR MED INC
|
Healthcare | 0.00% | 0.91% |
Sold All 😨
(Was: #21) |
0.0 |
—
|
-4,424,059 | -100.0% |
CLOSED
|
— | $— | 2022 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
TEX
TEREX CORP NEW
|
Industrials | 0.00% | 2.17% |
Sold All 😨
(Was: #18) |
0.0 |
—
|
-71,663 | -100.0% |
CLOSED
|
— | $— | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
GPRE
GREEN PLAINS IN...
|
Basic Materials | 0.00% | 3.13% |
Sold All 😨
(Was: #15) |
0.0 |
—
|
-563,453 | -100.0% |
CLOSED
|
— | $— | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
GT
GOODYEAR TIRE &...
|
Consumer Cyclical | 0.00% | 3.36% |
Sold All 😨
(Was: #13) |
0.0 |
—
|
-676,976 | -100.0% |
CLOSED
|
— | $— | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
PRMB
PRIMO BRANDS CO...
|
Consumer Defensive | 0.00% | 4.27% |
Sold All 😨
(Was: #11) |
0.0 |
—
|
-460,619 | -100.0% |
CLOSED
|
— | $— | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 |
Showing 1-28 of 28 holdings