Filed: 5/15/2026ACC: 0001604867-26-000009
📋 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 $173.87M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
22
Positions
$173.87M
Total AUM (reported)
26.62M
Total Shares
Allocation by class
COM$138.07M79.4%
COMMON STOCK$16.80M9.7%
COM NEW$10.57M6.1%
ORD SHS$4.43M2.6%
COM CL A$2.48M1.4%
COM NEW ADDED$1.52M0.9%
Portfolio Concentration
Top 3$51.03M29.3%
4–10$77.06M44.3%
11–25$45.79M26.3%
Top 3 weight
29.3%
Top 10 weight
73.7%
Voting Authority Distribution
Total shares with voting rights: 26.62M
Sole
Full voting authority
26.62M
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:
EPSILON ENERGY LTD
SOLEShares3.47M
TypeSH
Market value$21.38M
12.30%
Sole
3.47M
Shared
0.00
None
0.00
FENNEC PHARMACEUTICALS INC
SOLEShares2.48M
TypeSH
Market value$15.27M
8.78%
Sole
2.48M
Shared
0.00
None
0.00
SONIDA SENIOR LIVING INC
SOLEShares445.88K
TypeSH
Market value$14.38M
8.27%
Sole
445.88K
Shared
0.00
None
0.00
LEE ENTERPRISES INC
SOLEShares1.68M
TypeSH
Market value$13.95M
8.02%
Sole
1.68M
Shared
0.00
None
0.00
ADVANSIX INC
SOLEShares517.03K
TypeSH
Market value$12.62M
7.26%
Sole
517.03K
Shared
0.00
None
0.00
KYNDRYL HLDGS INC
SOLEShares915.44K
TypeSH
Market value$12.01M
6.91%
Sole
915.44K
Shared
0.00
None
0.00
ALPHA COGNITION INC
SOLEShares1.92M
TypeSH
Market value$10.57M
6.08%
Sole
1.92M
Shared
0.00
None
0.00
GROCERY OUTLET HLDG CORP
SOLEShares1.40M
TypeSH
Market value$9.84M
5.66%
Sole
1.40M
Shared
0.00
None
0.00
MOLINA HEALTHCARE INC
SOLEShares68.72K
TypeSH
Market value$9.16M
5.27%
Sole
68.72K
Shared
0.00
None
0.00
ADVANCE AUTO PARTS INC
SOLEShares169.16K
TypeSH
Market value$8.92M
5.13%
Sole
169.16K
Shared
0.00
None
0.00
INSPERITY INC
SOLEShares251.85K
TypeSH
Market value$6.81M
3.92%
Sole
251.85K
Shared
0.00
None
0.00
MAIA BIOTECHNOLOGY INC
SOLEShares4.30M
TypeSH
Market value$6.02M
3.46%
Sole
4.30M
Shared
0.00
None
0.00
SANUWAVE HEALTH INC
SOLEShares287.51K
TypeSH
Market value$4.97M
2.86%
Sole
287.51K
Shared
0.00
None
0.00
SEAPORT ENTMT GROUP INC
SOLEShares222.92K
TypeSH
Market value$4.79M
2.75%
Sole
222.92K
Shared
0.00
None
0.00
EURONET WORLDWIDE INC
SOLEShares71.99K
TypeSH
Market value$4.78M
2.75%
Sole
71.99K
Shared
0.00
None
0.00
BURFORD CAPITAL LIMITED
SOLEShares980.94K
TypeSH
Market value$4.43M
2.55%
Sole
980.94K
Shared
0.00
None
0.00
ALGOMA STL GROUP INC
SOLEShares1.05M
TypeSH
Market value$4.33M
2.49%
Sole
1.05M
Shared
0.00
None
0.00
ENVIRI CORP
SOLEShares201.21K
TypeSH
Market value$3.95M
2.27%
Sole
201.21K
Shared
0.00
None
0.00
ALIGHT INC
SOLEShares4.25M
TypeSH
Market value$2.48M
1.43%
Sole
4.25M
Shared
0.00
None
0.00
MODULAR MED INC
SOLEShares288.10K
TypeSH
Market value$1.52M
0.87%
Sole
288.10K
Shared
0.00
None
0.00
MERCER INTL INC
SOLEShares790.34K
TypeSH
Market value$1.12M
0.65%
Sole
790.34K
Shared
0.00
None
0.00
HAIN CELESTIAL GROUP INC
SOLEShares856.06K
TypeSH
Market value$597.4K
0.34%
Sole
856.06K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
EPSILON ENERGY LTDSOLE | COM | 3.47M | SH | $21.38M 12.30% | 3.47M | 0.00 | 0.00 |
FENNEC PHARMACEUTICALS INCSOLE | COM | 2.48M | SH | $15.27M 8.78% | 2.48M | 0.00 | 0.00 |
SONIDA SENIOR LIVING INCSOLE | COM | 445.88K | SH | $14.38M 8.27% | 445.88K | 0.00 | 0.00 |
LEE ENTERPRISES INCSOLE | COM | 1.68M | SH | $13.95M 8.02% | 1.68M | 0.00 | 0.00 |
ADVANSIX INCSOLE | COM | 517.03K | SH | $12.62M 7.26% | 517.03K | 0.00 | 0.00 |
KYNDRYL HLDGS INCSOLE | COMMON STOCK | 915.44K | SH | $12.01M 6.91% | 915.44K | 0.00 | 0.00 |
ALPHA COGNITION INCSOLE | COM NEW | 1.92M | SH | $10.57M 6.08% | 1.92M | 0.00 | 0.00 |
GROCERY OUTLET HLDG CORPSOLE | COM | 1.40M | SH | $9.84M 5.66% | 1.40M | 0.00 | 0.00 |
MOLINA HEALTHCARE INCSOLE | COM | 68.72K | SH | $9.16M 5.27% | 68.72K | 0.00 | 0.00 |
ADVANCE AUTO PARTS INCSOLE | COM | 169.16K | SH | $8.92M 5.13% | 169.16K | 0.00 | 0.00 |
INSPERITY INCSOLE | COM | 251.85K | SH | $6.81M 3.92% | 251.85K | 0.00 | 0.00 |
MAIA BIOTECHNOLOGY INCSOLE | COM | 4.30M | SH | $6.02M 3.46% | 4.30M | 0.00 | 0.00 |
SANUWAVE HEALTH INCSOLE | COM | 287.51K | SH | $4.97M 2.86% | 287.51K | 0.00 | 0.00 |
SEAPORT ENTMT GROUP INCSOLE | COMMON STOCK | 222.92K | SH | $4.79M 2.75% | 222.92K | 0.00 | 0.00 |
EURONET WORLDWIDE INCSOLE | COM | 71.99K | SH | $4.78M 2.75% | 71.99K | 0.00 | 0.00 |
BURFORD CAPITAL LIMITEDSOLE | ORD SHS | 980.94K | SH | $4.43M 2.55% | 980.94K | 0.00 | 0.00 |
ALGOMA STL GROUP INCSOLE | COM | 1.05M | SH | $4.33M 2.49% | 1.05M | 0.00 | 0.00 |
ENVIRI CORPSOLE | COM | 201.21K | SH | $3.95M 2.27% | 201.21K | 0.00 | 0.00 |
ALIGHT INCSOLE | COM CL A | 4.25M | SH | $2.48M 1.43% | 4.25M | 0.00 | 0.00 |
MODULAR MED INCSOLE | COM NEW ADDED | 288.10K | SH | $1.52M 0.87% | 288.10K | 0.00 | 0.00 |
MERCER INTL INCSOLE | COM | 790.34K | SH | $1.12M 0.65% | 790.34K | 0.00 | 0.00 |
HAIN CELESTIAL GROUP INCSOLE | COM | 856.06K | SH | $597.4K 0.34% | 856.06K | 0.00 | 0.00 |