Filed: 5/15/2025ACC: 0001604867-25-000011
📋 What this filing means
SOLAS CAPITAL MANAGEMENT, LLC filed this quarterly 13F‑HR report disclosing 21 equity positions with a total reported market value of $177.75M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
21
Positions
$177.75M
Total AUM (reported)
27.10M
Total Shares
Allocation by class
COM$143.97M81.0%
COM NEW$20.37M11.5%
ORD SHS$10.22M5.8%
CL A NEW$2.48M1.4%
COMMON STOCK$704.8K0.4%
Portfolio Concentration
Top 3$61.00M34.3%
4–10$73.87M41.6%
11–25$42.88M24.1%
Top 3 weight
34.3%
Top 10 weight
75.9%
Voting Authority Distribution
Total shares with voting rights: 27.10M
Sole
Full voting authority
27.10M
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)
Sole21
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings21
Rows:
EPSILON ENERGY LTD
SOLEShares3.77M
TypeSH
Market value$26.61M
14.97%
Sole
3.77M
Shared
0.00
None
0.00
SANUWAVE HEALTH INC
SOLEShares584.05K
TypeSH
Market value$20.66M
11.62%
Sole
584.05K
Shared
0.00
None
0.00
GROCERY OUTLET HLDG CORP
SOLEShares982.51K
TypeSH
Market value$13.74M
7.73%
Sole
982.51K
Shared
0.00
None
0.00
FENNEC PHARMACEUTICALS INC
SOLEShares2.25M
TypeSH
Market value$13.71M
7.71%
Sole
2.25M
Shared
0.00
None
0.00
SONIDA SENIOR LIVING INC
SOLEShares520.36K
TypeSH
Market value$12.12M
6.82%
Sole
520.36K
Shared
0.00
None
0.00
ADVANCE AUTO PARTS INC
SOLEShares283.39K
TypeSH
Market value$11.11M
6.25%
Sole
283.39K
Shared
0.00
None
0.00
PAR PAC HOLDINGS INC
SOLEShares693.58K
TypeSH
Market value$9.89M
5.56%
Sole
693.58K
Shared
0.00
None
0.00
PETCO HEALTH & WELLNESS CO I
SOLEShares3M
TypeSH
Market value$9.15M
5.15%
Sole
3M
Shared
0.00
None
0.00
ARDAGH METAL PACKAGING S A
SOLEShares3.01M
TypeSH
Market value$9.10M
5.12%
Sole
3.01M
Shared
0.00
None
0.00
WALGREENS BOOTS ALLIANCE INC
SOLEShares786.79K
TypeSH
Market value$8.79M
4.94%
Sole
786.79K
Shared
0.00
None
0.00
ALGOMA STL GROUP INC
SOLEShares1.46M
TypeSH
Market value$7.92M
4.45%
Sole
1.46M
Shared
0.00
None
0.00
ALPHA COGNITION INC
SOLEShares1.39M
TypeSH
Market value$6.96M
3.92%
Sole
1.39M
Shared
0.00
None
0.00
MERCER INTL INC
SOLEShares1.03M
TypeSH
Market value$6.30M
3.55%
Sole
1.03M
Shared
0.00
None
0.00
LEE ENTERPRISES INC
SOLEShares482.21K
TypeSH
Market value$5.01M
2.82%
Sole
482.21K
Shared
0.00
None
0.00
ZIMVIE INC
SOLEShares340.54K
TypeSH
Market value$3.68M
2.07%
Sole
340.54K
Shared
0.00
None
0.00
MODULAR MED INC
SOLEShares3.24M
TypeSH
Market value$3.52M
1.98%
Sole
3.24M
Shared
0.00
None
0.00
CITI TRENDS INC
SOLEShares151.41K
TypeSH
Market value$3.35M
1.89%
Sole
151.41K
Shared
0.00
None
0.00
CONTEXTLOGIC INC
SOLEShares355.15K
TypeSH
Market value$2.48M
1.39%
Sole
355.15K
Shared
0.00
None
0.00
SPORTSMANS WHSE HLDGS INC
SOLEShares1.85M
TypeSH
Market value$1.84M
1.04%
Sole
1.85M
Shared
0.00
None
0.00
MURAL ONCOLOGY PUB LTD CO
SOLEShares888K
TypeSH
Market value$1.12M
0.63%
Sole
888K
Shared
0.00
None
0.00
KYNDRYL HLDGS INC
SOLEShares22.45K
TypeSH
Market value$704.8K
0.40%
Sole
22.45K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
EPSILON ENERGY LTDSOLE | COM | 3.77M | SH | $26.61M 14.97% | 3.77M | 0.00 | 0.00 |
SANUWAVE HEALTH INCSOLE | COM | 584.05K | SH | $20.66M 11.62% | 584.05K | 0.00 | 0.00 |
GROCERY OUTLET HLDG CORPSOLE | COM | 982.51K | SH | $13.74M 7.73% | 982.51K | 0.00 | 0.00 |
FENNEC PHARMACEUTICALS INCSOLE | COM | 2.25M | SH | $13.71M 7.71% | 2.25M | 0.00 | 0.00 |
SONIDA SENIOR LIVING INCSOLE | COM | 520.36K | SH | $12.12M 6.82% | 520.36K | 0.00 | 0.00 |
ADVANCE AUTO PARTS INCSOLE | COM | 283.39K | SH | $11.11M 6.25% | 283.39K | 0.00 | 0.00 |
PAR PAC HOLDINGS INCSOLE | COM NEW | 693.58K | SH | $9.89M 5.56% | 693.58K | 0.00 | 0.00 |
PETCO HEALTH & WELLNESS CO ISOLE | COM | 3M | SH | $9.15M 5.15% | 3M | 0.00 | 0.00 |
ARDAGH METAL PACKAGING S ASOLE | ORD SHS | 3.01M | SH | $9.10M 5.12% | 3.01M | 0.00 | 0.00 |
WALGREENS BOOTS ALLIANCE INCSOLE | COM | 786.79K | SH | $8.79M 4.94% | 786.79K | 0.00 | 0.00 |
ALGOMA STL GROUP INCSOLE | COM | 1.46M | SH | $7.92M 4.45% | 1.46M | 0.00 | 0.00 |
ALPHA COGNITION INCSOLE | COM NEW | 1.39M | SH | $6.96M 3.92% | 1.39M | 0.00 | 0.00 |
MERCER INTL INCSOLE | COM | 1.03M | SH | $6.30M 3.55% | 1.03M | 0.00 | 0.00 |
LEE ENTERPRISES INCSOLE | COM | 482.21K | SH | $5.01M 2.82% | 482.21K | 0.00 | 0.00 |
ZIMVIE INCSOLE | COM | 340.54K | SH | $3.68M 2.07% | 340.54K | 0.00 | 0.00 |
MODULAR MED INCSOLE | COM NEW | 3.24M | SH | $3.52M 1.98% | 3.24M | 0.00 | 0.00 |
CITI TRENDS INCSOLE | COM | 151.41K | SH | $3.35M 1.89% | 151.41K | 0.00 | 0.00 |
CONTEXTLOGIC INCSOLE | CL A NEW | 355.15K | SH | $2.48M 1.39% | 355.15K | 0.00 | 0.00 |
SPORTSMANS WHSE HLDGS INCSOLE | COM | 1.85M | SH | $1.84M 1.04% | 1.85M | 0.00 | 0.00 |
MURAL ONCOLOGY PUB LTD COSOLE | ORD SHS | 888K | SH | $1.12M 0.63% | 888K | 0.00 | 0.00 |
KYNDRYL HLDGS INCSOLE | COMMON STOCK | 22.45K | SH | $704.8K 0.40% | 22.45K | 0.00 | 0.00 |