Solas Capital Management, LLC

Q4 2025 13F-HR Holdings

Location
Darien, CT
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
22
Total value ($000)
$176,241
Net value change ($000)
+12,403 (7.6%)
New positions
6
Sold out positions
4
Turnover %
40.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
KD 10,827 NEW
PRMB 7,531 NEW
NSP 7,052 NEW
EEFT 5,594 NEW
GPRE 5,522 NEW
ACOG 4,445 53.3%
TEX 3,825 NEW
SNDA 1,890 14.6%
SNWV 1,214 16.1%
MOH 998 9.2%
Top Reduces (Value $000, Stocks/ETFs)
REGN -10,243 -100.0%
ZIMV -10,038 -100.0%
ODPN -7,355 -100.0%
VTOL -2,938 -100.0%
EPSN -1,793 -9.8%
MERC -1,570 -33.0%
AAP -1,430 -15.9%
MODD -1,033 -39.1%
SEG -824 -15.5%
FENC -761 -3.7%
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