Solas Capital Management, LLC

Q3 2025 13F-HR Holdings

Location
Darien, CT
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
20
Total value ($000)
$163,838
Net value change ($000)
-14,866 (-8.3%)
New positions
2
Sold out positions
2
Turnover %
15.4%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/14/2025 Next filing: 2/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
MOH 10,857 NEW
SEG 5,323 NEW
ODPN 4,796 187.4%
ZIMV 3,618 56.4%
FENC 1,946 10.5%
SNDA 1,121 9.5%
REGN 481 4.9%
MODD 275 11.6%
Top Reduces (Value $000, Stocks/ETFs)
EPSN -9,019 -33.1%
WBA -8,855 -100.0%
ASTL -5,987 -60.7%
VTOL -5,311 -64.4%
ACOG -3,558 -29.9%
SNWV -2,204 -22.6%
GT -2,146 -29.3%
SPWH -1,649 -75.7%
GO -1,316 -10.8%
MERC -1,111 -18.9%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type