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Asset Manager ← All Institutions

Solas Capital Management, LLC

Q4 2025 · Filed 2026-02-17
Market Value
$153M
+5.4%
Holdings
23
+4
New Purchases
6
Added To
5
Closed
4
Reduced
7
Top 10 Concentration
77.0%
Turnover
43.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
KD 7.07% 0.00% +7.07% $11M
PRMB 4.92% 0.00% +4.92% $8M
NSP 4.61% 0.00% +4.61% $7M
EEFT 3.65% 0.00% +3.65% $6M
GPRE 3.61% 0.00% +3.61% $6M
TEX 2.50% 0.00% +2.50% $4M
SNDA 9.70% 8.92% +0.78% $15M
GT 3.87% 3.56% +0.31% $6M
MOH 7.74% 7.47% +0.27% $12M
ASTL 2.86% 2.67% +0.19% $4M
ASIX 6.96% 6.95% +0.00% $11M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
REGN 0.00% 7.05% -7.05% $0
ZIMV 0.00% 6.91% -6.91% $0
ODP 0.00% 5.06% -5.06% $0
VTOL 0.00% 2.02% -2.02% $0
EPSN 10.75% 12.56% -1.81% $16M
AAP 4.95% 6.20% -1.25% $8M
FENC 12.88% 14.09% -1.21% $20M
MERC 2.08% 3.27% -1.19% $3M
SEG 2.94% 3.66% -0.72% $4M
SPWH 0.04% 0.36% -0.32% $65K
LEE 1.45% 1.77% -0.32% $2M
GO 7.42% 7.47% -0.05% $11M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 1 $0 0.0%
Mid Cap 6 $47M 30.8%
Small Cap 11 $64M 42.0%
Micro Cap 5 $42M 27.2%

Portfolio Analytics

Avg Market Cap
$4.7B
Median Market Cap
$843M
Avg P/E
46.4
Median P/E
35.4
Avg Dividend Yield
0.01%
Avg Beta
0.96
# Stocks
23
# ETFs / Funds
0

Top Holdings (23 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 FENC 12.88% 2,560,726 $20M $7.70 -$761K +372,824 +17.0%
2 EPSN 10.75% 3,545,186 $16M $4.64 -$2M -74,427 -2.1%
3 SNDA 9.70% 455,537 $15M $32.61 $2M -12,172 -2.6%
4 MOH 7.74% 68,314 $12M $173.54 $998K +11,577 +20.4%
5 GO 7.42% 1,124,055 $11M $10.10 $501K +447,913 +66.2%
6 KD 7.07% 407,634 $11M $26.56 +407,634 NEW
7 ASIX 6.96% 615,445 $11M $17.30 $547K +94,304 +18.1%
8 AAP 4.95% 192,663 $8M $39.30 -$1M +46,046 +31.4%
9 PRMB 4.92% 460,619 $8M $16.35 +460,619 NEW
10 NSP 4.61% 182,132 $7M $38.72 +182,132 NEW
11 GT 3.87% 676,976 $6M $8.76 $757K -14,593 -2.1%
12 EEFT 3.65% 73,494 $6M $76.11 +73,494 NEW
13 GPRE 3.61% 563,453 $6M $9.80 +563,453 NEW
14 SEG 2.94% 227,578 $4M $19.77 -$824K -4,660 -2.0%
15 ASTL 2.86% 1,069,351 $4M $4.10 $505K -21,897 -2.0%
16 TEX 2.50% 71,663 $4M $53.38 +71,663 NEW
17 MERC 2.08% 1,607,315 $3M $1.98 -$2M -42,717 -2.6%
18 LEE 1.45% 472,748 $2M $4.69 -$355K
19 SPWH 0.04% 44,387 $65K $1.46 -$465K -146,729 -76.8%
20 VTOL —% -$3M -81,443 -100.0% SOLD
21 REGN —% -$10M -18,218 -100.0% SOLD
22 ZIMV —% -$10M -530,013 -100.0% SOLD
23 ODP —% -$7M -264,097 -100.0% SOLD

New Positions

SymbolValue% Port
KD $11M 7.07%
PRMB $8M 4.92%
NSP $7M 4.61%
EEFT $6M 3.65%
GPRE $6M 3.61%
TEX $4M 2.50%

Sold Out Positions

SymbolValue% Port
VTOL —%
REGN —%
ZIMV —%
ODP —%
View SEC EDGAR Filings for Solas Capital Management, LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms