Filed: 2/14/2023ACC: 0001604867-23-000004
📋 What this filing means
SOLAS CAPITAL MANAGEMENT, LLC filed this quarterly 13F‑HR report disclosing 26 equity positions with a total reported market value of $166.74M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
26
Positions
$166.74M
Total AUM (reported)
31.66M
Total Shares
Allocation by class
COM$94.12M56.4%
COM CL C$14.44M8.7%
COMMON STOCK$14.33M8.6%
SHS$12.91M7.7%
ORD SHS$8.55M5.1%
PFD CONV SER A$7.46M4.5%
COM NEW$6.45M3.9%
Portfolio Concentration
Top 3$49.28M29.6%
4–10$62.23M37.3%
11–25$54.67M32.8%
Rest$562.8K0.3%
Top 3 weight
29.6%
Top 10 weight
66.9%
Voting Authority Distribution
Total shares with voting rights: 31.66M
Sole
Full voting authority
31.66M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole26
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings26
Rows:
EPSILON ENERGY LTD
SOLEShares3.31M
TypeSH
Market value$21.94M
13.15%
Sole
3.31M
Shared
0.00
None
0.00
LIBERTY LATIN AMERICA LTD
SOLEShares1.90M
TypeSH
Market value$14.44M
8.66%
Sole
1.90M
Shared
0.00
None
0.00
ARDAGH METAL PACKAGING S A
SOLEShares2.68M
TypeSH
Market value$12.91M
7.74%
Sole
2.68M
Shared
0.00
None
0.00
FENNEC PHARMACEUTICALS INC
SOLEShares1.25M
TypeSH
Market value$12.02M
7.21%
Sole
1.25M
Shared
0.00
None
0.00
THE AARONS COMPANY INC
SOLEShares883.98K
TypeSH
Market value$10.56M
6.34%
Sole
883.98K
Shared
0.00
None
0.00
KYNDRYL HLDGS INC
SOLEShares824K
TypeSH
Market value$9.16M
5.50%
Sole
824K
Shared
0.00
None
0.00
COGNYTE SOFTWARE LTD
SOLEShares2.75M
TypeSH
Market value$8.55M
5.13%
Sole
2.75M
Shared
0.00
None
0.00
ALGOMA STL GROUP INC
SOLEShares1.31M
TypeSH
Market value$8.28M
4.97%
Sole
1.31M
Shared
0.00
None
0.00
GARRETT MOTION INC
SOLEShares858.01K
TypeSH
Market value$7.46M
4.48%
Sole
858.01K
Shared
0.00
None
0.00
FRANCHISE GROUP INC
SOLEShares259.70K
TypeSH
Market value$6.19M
3.71%
Sole
259.70K
Shared
0.00
None
0.00
ZIMVIE INC
SOLEShares630K
TypeSH
Market value$5.88M
3.53%
Sole
630K
Shared
0.00
None
0.00
WARNER BROS DISCOVERY INC
SOLEShares600K
TypeSH
Market value$5.69M
3.41%
Sole
600K
Shared
0.00
None
0.00
SPORTSMANS WHSE HLDGS INC
SOLEShares594.65K
TypeSH
Market value$5.60M
3.36%
Sole
594.65K
Shared
0.00
None
0.00
QUANTUM CORP
SOLEShares5.09M
TypeSH
Market value$5.54M
3.32%
Sole
5.09M
Shared
0.00
None
0.00
ORION OFFICE REIT INC
SOLEShares646.40K
TypeSH
Market value$5.52M
3.31%
Sole
646.40K
Shared
0.00
None
0.00
FTAI INFRASTRUCTURE INC
SOLEShares1.75M
TypeSH
Market value$5.16M
3.10%
Sole
1.75M
Shared
0.00
None
0.00
GULF IS FABRICATION INC
SOLEShares881.72K
TypeSH
Market value$4.52M
2.71%
Sole
881.72K
Shared
0.00
None
0.00
LEE ENTERPRISES INC
SOLEShares231.90K
TypeSH
Market value$4.30M
2.58%
Sole
231.90K
Shared
0.00
None
0.00
SONIDA SENIOR LIVING INC
SOLEShares328.29K
TypeSH
Market value$4.10M
2.46%
Sole
328.29K
Shared
0.00
None
0.00
NCR CORP NEW
SOLEShares138.60K
TypeSH
Market value$3.24M
1.95%
Sole
138.60K
Shared
0.00
None
0.00
NATURAL RESOURCE PARTNERS L
SOLEShares34.28K
TypeSH
Market value$1.86M
1.12%
Sole
34.28K
Shared
0.00
None
0.00
AUDACY INC
SOLEShares4.20M
TypeSH
Market value$945.3K
0.57%
Sole
4.20M
Shared
0.00
None
0.00
MODULAR MED INC
SOLEShares452.15K
TypeSH
Market value$904.3K
0.54%
Sole
452.15K
Shared
0.00
None
0.00
CROWN HLDGS INC
SOLEShares9.60K
TypeSH
Market value$789.2K
0.47%
Sole
9.60K
Shared
0.00
None
0.00
UNITED STATES STL CORP NEW
SOLEShares24K
TypeSH
Market value$601.2K
0.36%
Sole
24K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
EPSILON ENERGY LTDSOLE | COM | 3.31M | SH | $21.94M 13.15% | 3.31M | 0.00 | 0.00 |
LIBERTY LATIN AMERICA LTDSOLE | COM CL C | 1.90M | SH | $14.44M 8.66% | 1.90M | 0.00 | 0.00 |
ARDAGH METAL PACKAGING S ASOLE | SHS | 2.68M | SH | $12.91M 7.74% | 2.68M | 0.00 | 0.00 |
FENNEC PHARMACEUTICALS INCSOLE | COM | 1.25M | SH | $12.02M 7.21% | 1.25M | 0.00 | 0.00 |
THE AARONS COMPANY INCSOLE | COM | 883.98K | SH | $10.56M 6.34% | 883.98K | 0.00 | 0.00 |
KYNDRYL HLDGS INCSOLE | COMMON STOCK | 824K | SH | $9.16M 5.50% | 824K | 0.00 | 0.00 |
COGNYTE SOFTWARE LTDSOLE | ORD SHS | 2.75M | SH | $8.55M 5.13% | 2.75M | 0.00 | 0.00 |
ALGOMA STL GROUP INCSOLE | COM | 1.31M | SH | $8.28M 4.97% | 1.31M | 0.00 | 0.00 |
GARRETT MOTION INCSOLE | PFD CONV SER A | 858.01K | SH | $7.46M 4.48% | 858.01K | 0.00 | 0.00 |
FRANCHISE GROUP INCSOLE | COM | 259.70K | SH | $6.19M 3.71% | 259.70K | 0.00 | 0.00 |
ZIMVIE INCSOLE | COM | 630K | SH | $5.88M 3.53% | 630K | 0.00 | 0.00 |
WARNER BROS DISCOVERY INCSOLE | COM SER A | 600K | SH | $5.69M 3.41% | 600K | 0.00 | 0.00 |
SPORTSMANS WHSE HLDGS INCSOLE | COM | 594.65K | SH | $5.60M 3.36% | 594.65K | 0.00 | 0.00 |
QUANTUM CORPSOLE | COM NEW | 5.09M | SH | $5.54M 3.32% | 5.09M | 0.00 | 0.00 |
ORION OFFICE REIT INCSOLE | COM | 646.40K | SH | $5.52M 3.31% | 646.40K | 0.00 | 0.00 |
FTAI INFRASTRUCTURE INCSOLE | COMMON STOCK | 1.75M | SH | $5.16M 3.10% | 1.75M | 0.00 | 0.00 |
GULF IS FABRICATION INCSOLE | COM | 881.72K | SH | $4.52M 2.71% | 881.72K | 0.00 | 0.00 |
LEE ENTERPRISES INCSOLE | COM | 231.90K | SH | $4.30M 2.58% | 231.90K | 0.00 | 0.00 |
SONIDA SENIOR LIVING INCSOLE | COM | 328.29K | SH | $4.10M 2.46% | 328.29K | 0.00 | 0.00 |
NCR CORP NEWSOLE | COM | 138.60K | SH | $3.24M 1.95% | 138.60K | 0.00 | 0.00 |
NATURAL RESOURCE PARTNERS LSOLE | COM UNIT LTD PAR | 34.28K | SH | $1.86M 1.12% | 34.28K | 0.00 | 0.00 |
AUDACY INCSOLE | CL A | 4.20M | SH | $945.3K 0.57% | 4.20M | 0.00 | 0.00 |
MODULAR MED INCSOLE | COM NEW | 452.15K | SH | $904.3K 0.54% | 452.15K | 0.00 | 0.00 |
CROWN HLDGS INCSOLE | COM | 9.60K | SH | $789.2K 0.47% | 9.60K | 0.00 | 0.00 |
UNITED STATES STL CORP NEWSOLE | COM | 24K | SH | $601.2K 0.36% | 24K | 0.00 | 0.00 |
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