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Portfolio (Quarterly) Guide ↗

Azarias Capital Management, L.P.

· CIK 0001625279
13F Portfolio $223M AUM 24 positions Filed Apr 16, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 3 New 9 Added 10 Reduced 4 Exited
Page 1 of 2  ·  24 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 SPY STATE STR SPDR S&P 500 ETF T Financial Services 106,461.0 $69.2M 31.03% $650.34 +14.8%
2 URG UR-ENERGY INC Energy 13,604,304.0 $20.3M 9.08% -346K -2.5% $1.49 +0.7%
3 DNN DENISON MINES CORP Energy 2,922,967.0 $10.3M 4.62% $3.53 -5.1%
4 MAN MANPOWERGROUP INC WIS Industrials 337,613.0 $9.9M 4.46% +48K +16.5% $29.46 +13.9%
5 MTRX MATRIX SVC CO Industrials 817,021.0 $9.4M 4.20% +86K +11.8% $11.48 +21.8%
6 ENCORE ENERGY CORP 5,067,708.0 $9.1M 4.09% +935K +22.6% $1.80
7 GPOR GULFPORT ENERGY CORP Energy 42,121.0 $8.9M 3.99% +4K +10.1% $211.57 -24.0%
8 METALLUS INC 543,322.0 $8.9M 3.98% +59K +12.1% $16.34
9 NXE NEXGEN ENERGY LTD Energy 682,943.0 $7.9M 3.55% -397K -36.8% $11.60 -8.2%
10 IPI INTREPID POTASH INC Basic Materials 173,654.0 $7.4M 3.33% -121K -41.1% $42.77 -19.4%
11 UUUU ENERGY FUELS INC Energy 380,528.0 $6.9M 3.11% -38K -9.2% $18.25 -9.2%
12 SEADRILL LTD 136,645.0 $6.2M 2.79% NEW $45.50
13 MPAA MOTORCAR PTS AMER INC Consumer Cyclical 532,869.0 $5.9M 2.64% +316K +146.2% $11.06 +38.9%
14 EIG EMPLOYERS HLDGS INC Financial Services 140,180.0 $5.8M 2.58% +71K +102.8% $41.14 +13.2%
15 CCJ CAMECO CORP Energy 50,371.0 $5.5M 2.45% -37K -42.6% $108.61 -2.0%
16 HOFT HOOKER FURNISHINGS CORPORATI Consumer Cyclical 397,176.0 $5.1M 2.29% -76K -16.1% $12.88 +22.7%
17 SD SANDRIDGE ENERGY INC Energy 312,396.0 $5.1M 2.28% -98K -23.9% $16.31 -14.0%
18 MLR MILLER INDS INC TENN Consumer Cyclical 110,426.0 $5.0M 2.25% +70K +175.7% $45.55 +9.3%
19 SMP STANDARD MTR PRODS INC Consumer Cyclical 127,206.0 $4.4M 1.98% -25K -16.3% $34.74 +13.4%
20 TBI TRUEBLUE INC Industrials 1,001,950.0 $3.9M 1.76% +13K +1.3% $3.91 +71.4%
Page 1 of 2  ·  24 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 37.7%
Energy 32.6%
Consumer Cyclical 11.9%
Industrials 11.8%
Basic Materials 3.7%
Technology 2.3%