Filed: 11/14/2025ACC: 0001604867-25-000022
📋 What this filing means
SOLAS CAPITAL MANAGEMENT, LLC filed this quarterly 13F‑HR report disclosing 20 equity positions with a total reported market value of $163.84M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
20
Positions
$163.84M
Total AUM (reported)
18.16M
Total Shares
Allocation by class
COM$147.52M90.0%
COM NEW$10.99M6.7%
COMMON STOCK$5.32M3.2%
Portfolio Concentration
Top 3$51.69M31.5%
4–10$69.44M42.4%
11–25$42.71M26.1%
Top 3 weight
31.5%
Top 10 weight
73.9%
Voting Authority Distribution
Total shares with voting rights: 18.16M
Sole
Full voting authority
18.16M
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)
Sole20
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings20
Rows:
FENNEC PHARMACEUTICALS INC
SOLEShares2.19M
TypeSH
Market value$20.48M
12.50%
Sole
2.19M
Shared
0.00
None
0.00
EPSILON ENERGY LTD
SOLEShares3.62M
TypeSH
Market value$18.24M
11.13%
Sole
3.62M
Shared
0.00
None
0.00
SONIDA SENIOR LIVING INC
SOLEShares467.71K
TypeSH
Market value$12.96M
7.91%
Sole
467.71K
Shared
0.00
None
0.00
MOLINA HEALTHCARE INC
SOLEShares56.74K
TypeSH
Market value$10.86M
6.63%
Sole
56.74K
Shared
0.00
None
0.00
GROCERY OUTLET HLDG CORP
SOLEShares676.14K
TypeSH
Market value$10.85M
6.62%
Sole
676.14K
Shared
0.00
None
0.00
REGENERON PHARMACEUTICALS
SOLEShares18.22K
TypeSH
Market value$10.24M
6.25%
Sole
18.22K
Shared
0.00
None
0.00
ADVANSIX INC
SOLEShares521.14K
TypeSH
Market value$10.10M
6.16%
Sole
521.14K
Shared
0.00
None
0.00
ZIMVIE INC
SOLEShares530.01K
TypeSH
Market value$10.04M
6.13%
Sole
530.01K
Shared
0.00
None
0.00
ADVANCE AUTO PARTS INC
SOLEShares146.62K
TypeSH
Market value$9.00M
5.49%
Sole
146.62K
Shared
0.00
None
0.00
ALPHA COGNITION INC
SOLEShares1.28M
TypeSH
Market value$8.35M
5.09%
Sole
1.28M
Shared
0.00
None
0.00
SANUWAVE HEALTH INC
SOLEShares201.30K
TypeSH
Market value$7.54M
4.61%
Sole
201.30K
Shared
0.00
None
0.00
THE ODP CORP
SOLEShares264.10K
TypeSH
Market value$7.36M
4.49%
Sole
264.10K
Shared
0.00
None
0.00
SEAPORT ENTMT GROUP INC
SOLEShares232.24K
TypeSH
Market value$5.32M
3.25%
Sole
232.24K
Shared
0.00
None
0.00
GOODYEAR TIRE & RUBR CO
SOLEShares691.57K
TypeSH
Market value$5.17M
3.16%
Sole
691.57K
Shared
0.00
None
0.00
MERCER INTL INC
SOLEShares1.65M
TypeSH
Market value$4.75M
2.90%
Sole
1.65M
Shared
0.00
None
0.00
ALGOMA STL GROUP INC
SOLEShares1.09M
TypeSH
Market value$3.88M
2.37%
Sole
1.09M
Shared
0.00
None
0.00
BRISTOW GROUP INC
SOLEShares81.44K
TypeSH
Market value$2.94M
1.79%
Sole
81.44K
Shared
0.00
None
0.00
MODULAR MED INC
SOLEShares3.78M
TypeSH
Market value$2.64M
1.61%
Sole
3.78M
Shared
0.00
None
0.00
LEE ENTERPRISES INC
SOLEShares472.75K
TypeSH
Market value$2.57M
1.57%
Sole
472.75K
Shared
0.00
None
0.00
SPORTSMANS WHSE HLDGS INC
SOLEShares191.12K
TypeSH
Market value$529.4K
0.32%
Sole
191.12K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
FENNEC PHARMACEUTICALS INCSOLE | COM | 2.19M | SH | $20.48M 12.50% | 2.19M | 0.00 | 0.00 |
EPSILON ENERGY LTDSOLE | COM | 3.62M | SH | $18.24M 11.13% | 3.62M | 0.00 | 0.00 |
SONIDA SENIOR LIVING INCSOLE | COM | 467.71K | SH | $12.96M 7.91% | 467.71K | 0.00 | 0.00 |
MOLINA HEALTHCARE INCSOLE | COM | 56.74K | SH | $10.86M 6.63% | 56.74K | 0.00 | 0.00 |
GROCERY OUTLET HLDG CORPSOLE | COM | 676.14K | SH | $10.85M 6.62% | 676.14K | 0.00 | 0.00 |
REGENERON PHARMACEUTICALSSOLE | COM | 18.22K | SH | $10.24M 6.25% | 18.22K | 0.00 | 0.00 |
ADVANSIX INCSOLE | COM | 521.14K | SH | $10.10M 6.16% | 521.14K | 0.00 | 0.00 |
ZIMVIE INCSOLE | COM | 530.01K | SH | $10.04M 6.13% | 530.01K | 0.00 | 0.00 |
ADVANCE AUTO PARTS INCSOLE | COM | 146.62K | SH | $9.00M 5.49% | 146.62K | 0.00 | 0.00 |
ALPHA COGNITION INCSOLE | COM NEW | 1.28M | SH | $8.35M 5.09% | 1.28M | 0.00 | 0.00 |
SANUWAVE HEALTH INCSOLE | COM | 201.30K | SH | $7.54M 4.61% | 201.30K | 0.00 | 0.00 |
THE ODP CORPSOLE | COM | 264.10K | SH | $7.36M 4.49% | 264.10K | 0.00 | 0.00 |
SEAPORT ENTMT GROUP INCSOLE | COMMON STOCK | 232.24K | SH | $5.32M 3.25% | 232.24K | 0.00 | 0.00 |
GOODYEAR TIRE & RUBR COSOLE | COM | 691.57K | SH | $5.17M 3.16% | 691.57K | 0.00 | 0.00 |
MERCER INTL INCSOLE | COM | 1.65M | SH | $4.75M 2.90% | 1.65M | 0.00 | 0.00 |
ALGOMA STL GROUP INCSOLE | COM | 1.09M | SH | $3.88M 2.37% | 1.09M | 0.00 | 0.00 |
BRISTOW GROUP INCSOLE | COM | 81.44K | SH | $2.94M 1.79% | 81.44K | 0.00 | 0.00 |
MODULAR MED INCSOLE | COM NEW | 3.78M | SH | $2.64M 1.61% | 3.78M | 0.00 | 0.00 |
LEE ENTERPRISES INCSOLE | COM | 472.75K | SH | $2.57M 1.57% | 472.75K | 0.00 | 0.00 |
SPORTSMANS WHSE HLDGS INCSOLE | COM | 191.12K | SH | $529.4K 0.32% | 191.12K | 0.00 | 0.00 |