Azarias Capital Management, L.P.

CIK

1625279

Location

BERWYN, PA

Portfolio Value

Small $229,818,107

Diversification

Diversified

Filing Date

Global Rank

#1,167 / 3,203 ▲ 2805

Top Industry

Uranium 35.5%

3Y Alpha vs SPY

+2.8%

Period ended 30 days ago

Filed Jul 13, 2026 · 17d

19 quarters · since Dec 2021

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+75.7%

SPY

+65.3%

Annualised alpha

+2.4%

Max drawdown

−38.5%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

23 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

34.6%

+3.6 pts

Top 5

56.0%

+2.6 pts

Top 10

72.4%

+0.1 pts

HHI

1,441

Diversified+201

Portfolio Trend

19 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	34.6%	$79,501,880	1
Energy	32.0%	$73,620,947	9
Consumer Cyclical	11.1%	$25,530,852	5
Industrials	10.4%	$23,811,787	4
Basic Materials	6.0%	$13,684,636	2
Healthcare	3.0%	$6,996,619	1
Financial Services	2.9%	$6,671,386	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

5 positions

Ticker	Company	Δ Shares	Shares	Value
DNN	Denison Mines Corp.	+1,315,775	4,238,742	$12,970,550
SDRL	SEADRILL Ltd	+74,656	211,301	$7,991,403
SD	Sandridge Energy Inc	+9,162	321,558	$4,405,344
IPI	Intrepid Potash, Inc.	+4,627	178,281	$5,844,051
GPOR	Gulfport Energy Corp	+4,318	46,439	$7,880,698
No positions match the current search.

Trimmed

Positions the filer reduced

12 positions

Ticker	Company	Δ Shares	Shares	Value
EU	enCore Energy Corp.	−975,814	4,091,894	$5,360,381
UFI	Unifi Inc	−418,415	456,722	$2,169,429
URG	Ur-Energy Inc	−404,825	13,199,479	$17,951,291
TBI	TrueBlue, Inc.	−242,609	759,341	$5,292,606
MTRX	Matrix Service Co	−143,329	673,692	$9,229,580
MTUS	Metallus Inc.	−123,815	419,507	$7,840,585
MPAA	Motorcar Parts Of America Inc	−74,544	458,325	$7,021,539
MAN	ManpowerGroup Inc.	−71,467	266,146	$8,987,750
HOFT	HOOKER FURNISHINGS Corp	−60,723	336,453	$5,998,956
EIG	Employers Holdings, Inc.	−8,021	132,159	$6,671,386
SMP	Standard Motor Products, Inc.	−6,133	121,073	$4,718,214
MLR	Miller Industries Inc /Tn/	−500	109,926	$5,622,714
No positions match the current search.

New Positions

Positions the filer opened this quarter

1 positions

Ticker	Company	Shares	Value	Open
MOH	Molina Healthcare, Inc.	30,593	$6,996,619
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
AVT	Avnet Inc	43,934	$2,707,213
COHU	Cohu Inc	59,559	$1,823,696
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

23 tracked positions · $229,818,107 total · as of Jun 30, 2026

All sectors Basic Materials Consumer Cyclical Energy Financial Services Healthcare Industrials

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPY	Spdr S&P 500 ETF Trust	Held	106,461	0	$79,501,880	+14.8%	34.59%
URG	Ur-Energy Inc Energy	Reduced	13,199,479	-404,825	$17,951,291	−11.4%	7.81%
DNN	Denison Mines Corp. Energy	Added	4,238,742	+1,315,775	$12,970,550	+25.7%	5.64%
MTRX	Matrix Service Co Industrials	Reduced	673,692	-143,329	$9,229,580	−1.6%	4.02%
MAN	ManpowerGroup Inc. Industrials	Reduced	266,146	-71,467	$8,987,750	−9.6%	3.91%
SDRL	SEADRILL Ltd Energy	Added	211,301	+74,656	$7,991,403	+28.5%	3.48%
GPOR	Gulfport Energy Corp Energy	Added	46,439	+4,318	$7,880,698	−11.6%	3.43%
MTUS	Metallus Inc. Basic Materials	Reduced	419,507	-123,815	$7,840,585	−11.7%	3.41%
MPAA	Motorcar Parts Of America Inc Consumer Cyclical	Reduced	458,325	-74,544	$7,021,539	+19.1%	3.06%
MOH	Molina Healthcare, Inc. Healthcare	NEW	30,593	NEW	$6,996,619	NEW	3.04%
EIG	Employers Holdings, Inc. Financial Services	Reduced	132,159	-8,021	$6,671,386	+15.7%	2.90%
NXE	NexGen Energy Ltd. Energy	Held	682,943	0	$6,412,834	−19.1%	2.79%
HOFT	HOOKER FURNISHINGS Corp Consumer Cyclical	Reduced	336,453	-60,723	$5,998,956	+17.3%	2.61%
IPI	Intrepid Potash, Inc. Basic Materials	Added	178,281	+4,627	$5,844,051	−21.3%	2.54%
MLR	Miller Industries Inc /Tn/ Consumer Cyclical	Reduced	109,926	-500	$5,622,714	+11.8%	2.45%
UUUU	Energy Fuels Inc Energy	Held	380,528	0	$5,517,656	−20.5%	2.40%
EU	enCore Energy Corp. Energy	Reduced	4,091,894	-975,814	$5,360,381	−41.2%	2.33%
TBI	TrueBlue, Inc. Industrials	Reduced	759,341	-242,609	$5,292,606	+35.1%	2.30%
CCJ	Cameco Corp Energy	Held	50,371	0	$5,130,790	−6.2%	2.23%
SMP	Standard Motor Products, Inc. Consumer Cyclical	Reduced	121,073	-6,133	$4,718,214	+6.8%	2.05%
SD	Sandridge Energy Inc Energy	Added	321,558	+9,162	$4,405,344	−13.5%	1.92%
UFI	Unifi Inc Consumer Cyclical	Reduced	456,722	-418,415	$2,169,429	−30.6%	0.94%
AGX	Argan Inc Industrials	Held	378	0	$301,851	+46.6%	0.13%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.