Azarias Capital Management, L.P.

CIK

1625279

Location

BERWYN, PA

Portfolio Value

Micro $4,530,909

Diversification

Diversified

Filing Date

Global Rank

#3,964 / 8,586 ▲ 79

Top Industry

Uranium 39.0%

3Y Alpha vs SPY

+3.4%

Period ended 3 months ago

Filed Apr 16, 2026 · 2mo

18 quarters · since Dec 2021

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+93.4%

SPY

+78.1%

Annualised alpha

+3.4%

Max drawdown

−38.5%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

24 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

31.0%

−0.8 pts

Top 5

53.4%

+0.5 pts

Top 10

72.3%

+1.5 pts

HHI

1,240

Diversified−27

Portfolio Trend

18 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Energy	36.0%	$80,271,991	9
Unclassified	31.0%	$69,235,846	1
Consumer Cyclical	10.6%	$23,582,436	5
Industrials	10.5%	$23,448,980	4
Basic Materials	7.3%	$16,305,062	2
Financial Services	2.6%	$5,767,005	1
Technology	2.0%	$4,530,909	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

9 positions

Ticker	Company	Δ Shares	Shares	Value
EU	enCore Energy Corp.	+934,857	5,067,708	$9,121,874
MPAA	Motorcar Parts Of America Inc	+316,461	532,869	$5,893,531
MTRX	Matrix Service Co	+86,254	817,021	$9,379,401
EIG	Employers Holdings, Inc.	+71,072	140,180	$5,767,005
MLR	Miller Industries Inc /Tn/	+70,379	110,426	$5,029,904
MTUS	Metallus Inc.	+58,511	543,322	$8,877,881
MAN	ManpowerGroup Inc.	+47,730	337,613	$9,946,078
TBI	TrueBlue, Inc.	+13,070	1,001,950	$3,917,624
GPOR	Gulfport Energy Corp	+3,848	42,121	$8,911,539
No positions match the current search.

Trimmed

Positions the filer reduced

10 positions

Ticker	Company	Δ Shares	Shares	Value
NXE	NexGen Energy Ltd.	−396,852	682,943	$7,922,138
URG	Ur-Energy Inc	−345,851	13,604,304	$20,270,412
COHU	Cohu Inc	−177,648	59,559	$1,823,696
IPI	Intrepid Potash, Inc.	−121,216	173,654	$7,427,181
SD	Sandridge Energy Inc	−98,178	312,396	$5,095,178
HOFT	HOOKER FURNISHINGS Corp	−76,003	397,176	$5,115,626
UUUU	Energy Fuels Inc	−38,500	380,528	$6,944,636
CCJ	Cameco Corp	−37,357	50,371	$5,470,794
UFI	Unifi Inc	−28,876	875,137	$3,124,239
SMP	Standard Motor Products, Inc.	−24,735	127,206	$4,419,136
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
SDRL	Seadrill Ltd	136,645	$6,217,347
AVT	Avnet Inc	43,934	$2,707,213
AGX	Argan Inc	378	$205,877
No positions match the current search.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
KMT	Kennametal Inc	214,288	$6,087,922
EXK	Endeavour Silver Corp	630,009	$5,922,084
SCHL	Scholastic Corp	61,522	$1,822,896
VPG	Vishay Precision Group, Inc.	44,054	$1,696,079
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

2 positions · $4,530,909 total · Technology only · as of Mar 31, 2026

All sectors Basic Materials Consumer Cyclical Energy Financial Services Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio	History
AVT	Avnet Inc Technology	NEW	43,934	NEW	$2,707,213	NEW	59.75%
COHU	Cohu Inc Technology	Reduced	59,559	-177,648	$1,823,696	−67.0%	40.25%