1y return+3.6%S&P 500 +20.9%
3y return+32.7%S&P 500 +68.5%
5y return+63.3%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2018: $317 against $299 in the S&P 500.2
Solas Capital Management, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| FENCFennec Pharmaceuticals Inc | $20.3M | 10.9% | −23.9% |
| EPSNEpsilon Energy Ltd | $18.8M | 10.1% | |
| ACOGAlpha Cognition Inc | $13.9M | 7.4% | |
| SNDASonida Senior Living Inc | $13.8M | 7.4% | −24.3% |
| LEELee Enterprises Inc | $13.7M | 7.4% | −8.0% |
| NSPInsperity Inc | $11.6M | 6.2% | +11.9% |
| GOGrocery Outlet Hldg Corp | $11.4M | 6.1% | −18.4% |
| ASIXAdvansix Inc | $11.4M | 6.1% | +10.5% |
| AAPAdvance Auto Parts Inc | $10.5M | 5.6% | |
| KDKyndryl Hldgs Inc | $10.4M | 5.5% | |
| MOHMolina Healthcare Inc | $9.2M | 4.9% | −41.5% |
| EEFTEuronet Worldwide Inc | $9.1M | 4.9% | +73.6% |
| SNWVSanuwave Health Inc | $6.1M | 3.3% | +112.5% |
| SEGSeaport Entmt Group Inc | $5.7M | 3.0% | −4.5% |
| Burford Capital LimitedCUSIP G17977110 | $5.0M | 2.7% | +23.4% |
| MAIAMaia Biotechnology Inc | $4.4M | 2.3% | −29.5% |
| NVRIEnviri Corp | $4.0M | 2.2% | New |
| LUXELuxexperience Bv | $2.6M | 1.4% | New |
| Alight IncCUSIP 01626W101 | $2.4M | 1.3% | |
| MODDModular Med Inc | $2.0M | 1.1% | +52.1% |
| HAINHain Celestial Group Inc | $480K | 0.3% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| EPSNEpsilon Energy Ltd | June 30, 2020 | +83.4% | $18.8M |
| FENCFennec Pharmaceuticals Inc | June 30, 2020 | +28.7% | $20.3M |
| ACOGAlpha Cognition Inc | December 31, 2024 | +22.6% | $13.9M |
| MOHMolina Healthcare Inc | September 30, 2025 | +19.5% | $9.2M |
| SEGSeaport Entmt Group Inc | September 30, 2025 | +16.1% | $5.7M |
| SNDASonida Senior Living Inc | September 30, 2021 | +15.9% | $13.8M |
| AAPAdvance Auto Parts Inc | September 30, 2023 | +11.2% | $10.5M |
| NSPInsperity Inc | December 31, 2025 | +6.7% | $11.6M |
| MAIAMaia Biotechnology Inc | March 31, 2026 | +2.9% | $4.4M |
| EEFTEuronet Worldwide Inc | December 31, 2025 | −3.8% | $9.1M |
Sold off last quarter
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +14.2% | +14.8% |
| March 31, 2026 | −3.9% | −4.6% |
| December 31, 2025 | −4.9% | +2.4% |
| September 30, 2025 | −0.8% | +7.8% |
| June 30, 2025 | +13.0% | +10.5% |
| March 31, 2025 | −9.4% | −4.6% |
| December 31, 2024 | +8.1% | +2.1% |
| September 30, 2024 | −0.3% | +5.4% |
| June 30, 2024 | −6.0% | +4.0% |
| March 31, 2024 | +13.8% | +10.0% |
| December 31, 2023 | +16.3% | +11.2% |
| September 30, 2023 | −6.5% | −3.6% |
| June 30, 2023 | +14.0% | +8.3% |
| March 31, 2023 | −3.6% | +7.0% |
| December 31, 2022 | +12.5% | +7.1% |
| September 30, 2022 | +0.8% | −5.3% |
| June 30, 2022 | −11.9% | −16.5% |
| March 31, 2022 | +3.0% | −4.9% |
| December 31, 2021 | +4.5% | +10.7% |
| September 30, 2021 | +4.1% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Solas Capital Management, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1604867&type=13F-HR&dateb=&owner=include&count=40CIK 1604867
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1604867/000160486726000017/Filed August 14, 2026 · accession 0001604867-26-000017