Arkolith/Funds/Solas Capital Management, LLC

Solas Capital Management, LLC

CIK 1604867
Holdings as of Mar 31, 2026·disclosed May 15, 2026·~45-day 13F lag·13F-HR
Active Filer

Solas Capital Management, LLC holds a focused book of 22 stocks worth $173.9M as of Q1 2026 (disclosed May 15, 2026, a ~45-day 13F lag). This quarter they opened MAIA BIOTECHNOLOGY INC and trimmed EPSILON ENERGY LTD. Their largest long position is EPSILON ENERGY LTD at 12% of the equity book.

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Use Arkolith to show Solas Capital Management, LLC's latest
holdings, largest changes, and filing provenance.
Opened
6
new positions
Added to
5
existing
Trimmed
11
reduced
Sold out
5
exited

Concentration

Top-heavy: focused book

Top 5 holdings
45%
Top 10 holdings
74%
Top 20 holdings
99%

Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.

Direct sector allocation

0% mapped to company sectors

ETF / fund or unclassified
100%

Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.

Biggest moves: latest quarter

Estimated $ traded · quarter-end prices, no cost basis

Bought
  • LEE ENTERPRISES INC
    +256%$10.0M
  • KYNDRYL HLDGS INC
    +125%$6.7M
  • MAIA BIOTECHNOLOGY INC
    New$6.0M
  • BURFORD CAPITAL LIMITED
    New$4.4M
  • ENVIRI CORP
    New$3.9M
  • ALIGHT INC
    New$2.5M
Trimmed / exited
  • ADVANSIX INC
    −16%$2.4M
  • ADVANCE AUTO PARTS INC
    −12%$1.2M
  • MERCER INTL INC
    −51%$1.2M
  • FENNEC PHARMACEUTICALS INC
    −3.1%$483K
  • EPSILON ENERGY LTD
    −2.1%$458K
  • SONIDA SENIOR LIVING INC
    −2.1%$311K

Holdings: largest first

Bars show each stock's share of the portfolio. Click a row for its position history.

22 positions
#SecurityValueShares% PortLast moveHistory
1Epsilon Energy Ltd
COM
$21.4M3.47M
12.3%
−2.1%
Reduced · −74K sh
2Fennec Pharmaceuticals Inc
COM
$15.3M2.48M
8.8%
−3.1%
Reduced · −79K sh
3Sonida Senior Living Inc
COM
$14.4M445.9K
8.3%
−2.1%
Reduced · −10K sh
4Lee Enterprises Inc
COM
$13.9M1.68M
8.0%
+256%
Added · +1.2M sh
5Advansix Inc
COM
$12.6M517.0K
7.3%
−16%
Reduced · −98K sh
6Kyndryl Hldgs Inc
COMMON STOCK
$12.0M915.4K
6.9%
+125%
Added · +508K sh
7Alpha Cognition Inc
COM NEW
$10.6M1.92M
6.1%
−2.2%
Reduced · −43K sh
8Grocery Outlet Hldg Corp
COM
$9.8M1.40M
5.7%
+24%
Added · +271K sh
9Molina Healthcare Inc
COM
$9.2M68.7K
5.3%
+0.6%
Added · +405 sh
10Advance Auto Parts Inc
COM
$8.9M169.2K
5.1%
−12%
Reduced · −24K sh
11Insperity Inc
COM
$6.8M251.9K
3.9%
+38%
Added · +70K sh
12Maia Biotechnology Inc
COM
$6.0M4.30M
3.5%
New
New position
13Sanuwave Health Inc
COM
$5.0M287.5K
2.9%
−2.0%
Reduced · −6K sh
14Seaport Entmt Group Inc
COMMON STOCK
$4.8M222.9K
2.8%
−2.0%
Reduced · −5K sh
15Euronet Worldwide Inc
COM
$4.8M72.0K
2.7%
−2.0%
Reduced · −2K sh
16Burford Capital Limited
ORD SHS
$4.4M980.9K
2.6%
New
New position
17Algoma STL Group Inc
COM
$4.3M1.05M
2.5%
−2.0%
Reduced · −22K sh
18Enviri Corp
COM
$3.9M201.2K
2.3%
New
New position
19Alight Inc
COM CL A
$2.5M4.25M
1.4%
New
New position
20Modular Med Inc
COM NEW ADDED
$1.5M288.1K
0.9%
New
New position
21Mercer Intl Inc
COM
$1.1M790.3K
0.6%
−51%
Reduced · −817K sh
22Hain Celestial Group Inc
COM
$597K856.1K
0.3%
New
New position
Showing all 22 positions

Filing history

As-of date vs the date the SEC received each filing

QuarterAs ofFiledPositionsValueForm
Q1 2026Mar 31, 2026May 15, 202622$173.9M13F-HR
Q4 2025Dec 31, 2025Feb 17, 202622$176.2M13F-HR
Q3 2025Sep 30, 2025Nov 14, 202520$163.8M13F-HR
Q2 2025Jun 30, 2025Aug 14, 202520$178.7M13F-HR

Data source

Holdings from SEC EDGAR 13F-HR filings, updated quarterly ~45 days after quarter-end. Public domain. The book and weighting are long equity only; disclosed put/call options are listed separately and excluded from those totals. Price-derived performance is withheld until the price-source policy and freshness gate are green.