Azarias Capital Management, L.P.

CIK: 0001625279SEC EDGAR →

Portfolio Value

$228.4M

Holdings

25

As of

Q4 2025

New Positions

1

Closed Positions

1

Top 10 Holdings

RankStockSharesValue% of Portfolio
1

SPDR S&P 500 ETF TR

106,461$72.6M
31.78%
2

UR-ENERGY INC

13,950,155$19.4M
8.49%
3

ENCORE ENERGY CORP

4,132,851$10.2M
4.49%
4

NEXGEN ENERGY LTD

1,079,795$9.9M
4.35%
5

MANPOWERGROUP INC WIS

289,883$8.6M
3.77%
6

MATRIX SVC CO

730,767$8.5M
3.74%
7

METALLUS INC

484,811$8.3M
3.64%
8

INTREPID POTASH INC

294,870$8.2M
3.58%
9

CAMECO CORP

87,728$8.0M
3.51%
10

GULFPORT ENERGY CORP

38,273$8.0M
3.48%

Quarterly Changes

Top Buys

URE↑ Increased
$4.8M
EIGNEW
$3.0M
EU↑ Increased
$2.7M
TBI↑ Increased
$1.5M
MLRNEW
$1.5M

Top Sells

HCSGCLOSED
$4.3M
EDR↓ Decreased
$3.2M
EFR↓ Decreased
$3.1M
VPG↓ Decreased
$2.9M
SCHL↓ Decreased
$2.7M

New Positions (2)

$3.0M · 69K shares
$1.5M · 40K shares

Closed Positions (1)

$4.3M · 253K shares

Sector Breakdown

Sector# HoldingsValue%
Financial Services3$95.0M41.6%
Energy3$28.1M12.3%
Industrials4$27.8M12.2%
Unknown3$19.6M8.6%
Consumer Cyclical5$18.3M8.0%
Basic Materials2$16.5M7.2%
Technology3$13.3M5.8%
Communication Services2$9.8M4.3%