Filed: 2/17/2026ACC: 0001604867-26-000004
📋 What this filing means
SOLAS CAPITAL MANAGEMENT, LLC filed this quarterly 13F‑HR report disclosing 22 equity positions with a total reported market value of $176.24M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
22
Positions
$176.24M
Total AUM (reported)
21.10M
Total Shares
Allocation by class
COM$138.98M78.9%
COMMON STOCK$15.33M8.7%
COM NEW$14.40M8.2%
CLASS A COM SHS$7.53M4.3%
Portfolio Concentration
Top 3$51.02M29.0%
4–10$73.81M41.9%
11–25$51.41M29.2%
Top 3 weight
29.0%
Top 10 weight
70.8%
Voting Authority Distribution
Total shares with voting rights: 21.10M
Sole
Full voting authority
21.10M
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)
Sole22
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings22
Rows:
FENNEC PHARMACEUTICALS INC
SOLEShares2.56M
TypeSH
Market value$19.72M
11.19%
Sole
2.56M
Shared
0.00
None
0.00
EPSILON ENERGY LTD
SOLEShares3.55M
TypeSH
Market value$16.45M
9.33%
Sole
3.55M
Shared
0.00
None
0.00
SONIDA SENIOR LIVING INC
SOLEShares455.54K
TypeSH
Market value$14.86M
8.43%
Sole
455.54K
Shared
0.00
None
0.00
ALPHA COGNITION INC
SOLEShares1.97M
TypeSH
Market value$12.79M
7.26%
Sole
1.97M
Shared
0.00
None
0.00
MOLINA HEALTHCARE INC
SOLEShares68.31K
TypeSH
Market value$11.86M
6.73%
Sole
68.31K
Shared
0.00
None
0.00
GROCERY OUTLET HLDG CORP
SOLEShares1.12M
TypeSH
Market value$11.35M
6.44%
Sole
1.12M
Shared
0.00
None
0.00
KYNDRYL HLDGS INC
SOLEShares407.63K
TypeSH
Market value$10.83M
6.14%
Sole
407.63K
Shared
0.00
None
0.00
ADVANSIX INC
SOLEShares615.45K
TypeSH
Market value$10.65M
6.04%
Sole
615.45K
Shared
0.00
None
0.00
SANUWAVE HEALTH INC
SOLEShares293.53K
TypeSH
Market value$8.76M
4.97%
Sole
293.53K
Shared
0.00
None
0.00
ADVANCE AUTO PARTS INC
SOLEShares192.66K
TypeSH
Market value$7.57M
4.30%
Sole
192.66K
Shared
0.00
None
0.00
PRIMO BRANDS CORPORATION
SOLEShares460.62K
TypeSH
Market value$7.53M
4.27%
Sole
460.62K
Shared
0.00
None
0.00
INSPERITY INC
SOLEShares182.13K
TypeSH
Market value$7.05M
4.00%
Sole
182.13K
Shared
0.00
None
0.00
GOODYEAR TIRE & RUBR CO
SOLEShares676.98K
TypeSH
Market value$5.93M
3.36%
Sole
676.98K
Shared
0.00
None
0.00
EURONET WORLDWIDE INC
SOLEShares73.49K
TypeSH
Market value$5.59M
3.17%
Sole
73.49K
Shared
0.00
None
0.00
GREEN PLAINS INC
SOLEShares563.45K
TypeSH
Market value$5.52M
3.13%
Sole
563.45K
Shared
0.00
None
0.00
SEAPORT ENTMT GROUP INC
SOLEShares227.58K
TypeSH
Market value$4.50M
2.55%
Sole
227.58K
Shared
0.00
None
0.00
ALGOMA STL GROUP INC
SOLEShares1.07M
TypeSH
Market value$4.38M
2.49%
Sole
1.07M
Shared
0.00
None
0.00
TEREX CORP NEW
SOLEShares71.66K
TypeSH
Market value$3.83M
2.17%
Sole
71.66K
Shared
0.00
None
0.00
MERCER INTL INC
SOLEShares1.61M
TypeSH
Market value$3.18M
1.81%
Sole
1.61M
Shared
0.00
None
0.00
LEE ENTERPRISES INC
SOLEShares472.75K
TypeSH
Market value$2.22M
1.26%
Sole
472.75K
Shared
0.00
None
0.00
MODULAR MED INC
SOLEShares4.42M
TypeSH
Market value$1.61M
0.91%
Sole
4.42M
Shared
0.00
None
0.00
SPORTSMANS WHSE HLDGS INC
SOLEShares44.39K
TypeSH
Market value$64.8K
0.04%
Sole
44.39K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
FENNEC PHARMACEUTICALS INCSOLE | COM | 2.56M | SH | $19.72M 11.19% | 2.56M | 0.00 | 0.00 |
EPSILON ENERGY LTDSOLE | COM | 3.55M | SH | $16.45M 9.33% | 3.55M | 0.00 | 0.00 |
SONIDA SENIOR LIVING INCSOLE | COM | 455.54K | SH | $14.86M 8.43% | 455.54K | 0.00 | 0.00 |
ALPHA COGNITION INCSOLE | COM NEW | 1.97M | SH | $12.79M 7.26% | 1.97M | 0.00 | 0.00 |
MOLINA HEALTHCARE INCSOLE | COM | 68.31K | SH | $11.86M 6.73% | 68.31K | 0.00 | 0.00 |
GROCERY OUTLET HLDG CORPSOLE | COM | 1.12M | SH | $11.35M 6.44% | 1.12M | 0.00 | 0.00 |
KYNDRYL HLDGS INCSOLE | COMMON STOCK | 407.63K | SH | $10.83M 6.14% | 407.63K | 0.00 | 0.00 |
ADVANSIX INCSOLE | COM | 615.45K | SH | $10.65M 6.04% | 615.45K | 0.00 | 0.00 |
SANUWAVE HEALTH INCSOLE | COM | 293.53K | SH | $8.76M 4.97% | 293.53K | 0.00 | 0.00 |
ADVANCE AUTO PARTS INCSOLE | COM | 192.66K | SH | $7.57M 4.30% | 192.66K | 0.00 | 0.00 |
PRIMO BRANDS CORPORATIONSOLE | CLASS A COM SHS | 460.62K | SH | $7.53M 4.27% | 460.62K | 0.00 | 0.00 |
INSPERITY INCSOLE | COM | 182.13K | SH | $7.05M 4.00% | 182.13K | 0.00 | 0.00 |
GOODYEAR TIRE & RUBR COSOLE | COM | 676.98K | SH | $5.93M 3.36% | 676.98K | 0.00 | 0.00 |
EURONET WORLDWIDE INCSOLE | COM | 73.49K | SH | $5.59M 3.17% | 73.49K | 0.00 | 0.00 |
GREEN PLAINS INCSOLE | COM | 563.45K | SH | $5.52M 3.13% | 563.45K | 0.00 | 0.00 |
SEAPORT ENTMT GROUP INCSOLE | COMMON STOCK | 227.58K | SH | $4.50M 2.55% | 227.58K | 0.00 | 0.00 |
ALGOMA STL GROUP INCSOLE | COM | 1.07M | SH | $4.38M 2.49% | 1.07M | 0.00 | 0.00 |
TEREX CORP NEWSOLE | COM | 71.66K | SH | $3.83M 2.17% | 71.66K | 0.00 | 0.00 |
MERCER INTL INCSOLE | COM | 1.61M | SH | $3.18M 1.81% | 1.61M | 0.00 | 0.00 |
LEE ENTERPRISES INCSOLE | COM | 472.75K | SH | $2.22M 1.26% | 472.75K | 0.00 | 0.00 |
MODULAR MED INCSOLE | COM NEW | 4.42M | SH | $1.61M 0.91% | 4.42M | 0.00 | 0.00 |
SPORTSMANS WHSE HLDGS INCSOLE | COM | 44.39K | SH | $64.8K 0.04% | 44.39K | 0.00 | 0.00 |