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Portfolio (Quarterly) Guide ↗

Azarias Capital Management, L.P.

· CIK 0001625279
13F Portfolio $228M AUM Filed Jan 23, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 25 New
Page 1 of 2  ·  25 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 SPY SPDR S&P 500 ETF TR Financial Services 106,461.0 $72.6M 31.78% NEW $681.92 +9.5%
2 URG UR-ENERGY INC Energy 13,950,155.0 $19.4M 8.49% NEW $1.39 +7.9%
3 ENCORE ENERGY CORP 4,132,851.0 $10.2M 4.49% NEW $2.48
4 NXE NEXGEN ENERGY LTD Energy 1,079,795.0 $9.9M 4.35% NEW $9.20 +15.8%
5 MAN MANPOWERGROUP INC WIS Industrials 289,883.0 $8.6M 3.77% NEW $29.73 +12.8%
6 MTRX MATRIX SVC CO Industrials 730,767.0 $8.5M 3.74% NEW $11.70 +19.5%
7 METALLUS INC 484,811.0 $8.3M 3.64% NEW $17.16
8 IPI INTREPID POTASH INC Basic Materials 294,870.0 $8.2M 3.58% NEW $27.73 +24.4%
9 CCJ CAMECO CORP Energy 87,728.0 $8.0M 3.51% NEW $91.49 +16.4%
10 GPOR GULFPORT ENERGY CORP Energy 38,273.0 $8.0M 3.48% NEW $207.99 -22.7%
11 DNN DENISON MINES CORP Energy 2,922,967.0 $7.8M 3.40% NEW $2.66 +25.9%
12 UUUU ENERGY FUELS INC Energy 419,028.0 $6.1M 2.67% NEW $14.54 +14.0%
13 KMT KENNAMETAL INC Industrials 214,288.0 $6.1M 2.67% NEW $28.41 +27.8%
14 SD SANDRIDGE ENERGY INC Energy 410,574.0 $5.9M 2.59% NEW $14.43 -2.8%
15 EXK ENDEAVOUR SILVER CORP Basic Materials 630,009.0 $5.9M 2.59% NEW $9.40 -8.4%
16 SMP STANDARD MTR PRODS INC Consumer Cyclical 151,941.0 $5.6M 2.45% NEW $36.85 +6.9%
17 COHU COHU INC Technology 237,207.0 $5.5M 2.42% NEW $23.27 +198.2%
18 HOFT HOOKER FURNISHINGS CORPORATI Consumer Cyclical 473,179.0 $5.3M 2.34% NEW $11.29 +39.9%
19 TBI TRUEBLUE INC Industrials 988,880.0 $4.5M 1.97% NEW $4.55 +47.3%
20 UFI UNIFI INC Consumer Cyclical 904,013.0 $3.2M 1.39% NEW $3.50 +18.0%
Page 1 of 2  ·  25 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Financial Services 36.0%
Energy 31.0%
Industrials 13.2%
Consumer Cyclical 8.7%
Basic Materials 6.7%
Technology 3.4%
Communication Services 0.9%