Skip to content
Disclosery

Azarias Capital Management, L.P.

Follow

13F filer, CIK 1625279, West Chester, PA

Azarias Capital Management, L.P. reported $228,419,340 across 25 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-01-23. Its ten largest share positions make up 70.84% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001625279-26-000002

Period
2025-12-31
Reported value
$228M
Holdings
25
Top 10 weight
70.84%
New
2
Sold out
1

Largest buys vs the previous quarter

SecurityShares changeApprox. value
EIGnew+69,108$2.98M
MANadded+84,152$2.5M
MLRnew+40,047$1.5M
MTRXadded+95,924$1.12M
IPIadded+35,082$973K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
EXKreduced-536,928-$5.05M
HCSGexited-253,363-$4.26M
KMTreduced-150,069-$4.26M
VPGreduced-98,110-$3.78M
SCHLreduced-105,422-$3.12M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2025

Share positions as resolved from 13F-HR 0001625279-26-000002, largest first. % of portfolio is the value over $228,419,340, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
SPYSTATE STR SPDR S&P 500 ETF TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: 106,461 shares; 2025Q2: 106,461 shares; 2025Q3: 106,461 shares; 2025Q4: 106,461 shares 106,461$72.6M31.78%0Timeline
URGUR-ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 20,949,653 shares; 2025Q1: 17,945,808 shares; 2025Q2: 17,764,624 shares; 2025Q3: 13,504,298 shares; 2025Q4: 13,950,155 shares 13,950,155$19.4M8.49%+445,857Timeline
EUENCORE ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 5,346,013 shares; 2025Q1: 5,103,345 shares; 2025Q2: 3,680,164 shares; 2025Q3: 4,032,939 shares; 2025Q4: 4,132,851 shares 4,132,851$10.2M4.49%+99,912Timeline
NXENEXGEN ENERGY LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 2,038,627 shares; 2025Q1: 1,788,651 shares; 2025Q2: 1,414,414 shares; 2025Q3: 1,117,009 shares; 2025Q4: 1,079,795 shares 1,079,795$9.93M4.35%-37,214Timeline
MANMANPOWERGROUP INC WISQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 205,731 shares; 2025Q4: 289,883 shares 289,883$8.62M3.77%+84,152Timeline
MTRXMATRIX SVC COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 1,218,105 shares; 2025Q1: 571,155 shares; 2025Q2: 627,766 shares; 2025Q3: 634,843 shares; 2025Q4: 730,767 shares 730,767$8.55M3.74%+95,924Timeline
MTUSMETALLUS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 663,998 shares; 2025Q1: 519,773 shares; 2025Q2: 593,036 shares; 2025Q3: 567,486 shares; 2025Q4: 484,811 shares 484,811$8.32M3.64%-82,675Timeline
IPIINTREPID POTASH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 657,464 shares; 2025Q1: 239,380 shares; 2025Q2: 157,522 shares; 2025Q3: 259,788 shares; 2025Q4: 294,870 shares 294,870$8.18M3.58%+35,082Timeline
CCJCAMECO CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 118,666 shares; 2025Q1: 111,666 shares; 2025Q2: 96,572 shares; 2025Q3: 87,728 shares; 2025Q4: 87,728 shares 87,728$8.03M3.51%0Timeline
GPORGULFPORT ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 24,931 shares; 2025Q3: 44,541 shares; 2025Q4: 38,273 shares 38,273$7.96M3.48%-6,268Timeline
DNNDENISON MINES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 3,326,586 shares; 2025Q1: 3,064,876 shares; 2025Q2: 3,064,876 shares; 2025Q3: 2,922,967 shares; 2025Q4: 2,922,967 shares 2,922,967$7.78M3.4%0Timeline
UUUUENERGY FUELS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 911,721 shares; 2025Q1: 911,721 shares; 2025Q2: 857,933 shares; 2025Q3: 595,983 shares; 2025Q4: 419,028 shares 419,028$6.09M2.67%-176,955Timeline
KMTKENNAMETAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 195,281 shares; 2025Q1: 235,968 shares; 2025Q2: 276,451 shares; 2025Q3: 364,357 shares; 2025Q4: 214,288 shares 214,288$6.09M2.67%-150,069Timeline
SDSANDRIDGE ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: 71,476 shares; 2025Q2: 346,070 shares; 2025Q3: 481,704 shares; 2025Q4: 410,574 shares 410,574$5.92M2.59%-71,130Timeline
EXKENDEAVOUR SILVER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,139,331 shares; 2025Q3: 1,166,937 shares; 2025Q4: 630,009 shares 630,009$5.92M2.59%-536,928Timeline
SMPSTANDARD MTR PRODS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 362,642 shares; 2025Q1: 266,053 shares; 2025Q2: 257,726 shares; 2025Q3: 178,995 shares; 2025Q4: 151,941 shares 151,941$5.6M2.45%-27,054Timeline
COHUCOHU INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: 69,379 shares; 2025Q2: 235,811 shares; 2025Q3: 285,648 shares; 2025Q4: 237,207 shares 237,207$5.52M2.42%-48,441Timeline
HOFTHOOKER FURNISHINGS CORPORATIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 754,328 shares; 2025Q1: 485,707 shares; 2025Q2: 354,190 shares; 2025Q3: 473,179 shares; 2025Q4: 473,179 shares 473,179$5.34M2.34%0Timeline
TBITRUEBLUE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 1,590,516 shares; 2025Q1: 1,074,069 shares; 2025Q2: 899,119 shares; 2025Q3: 983,711 shares; 2025Q4: 988,880 shares 988,880$4.5M1.97%+5,169Timeline
UFIUNIFI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 1,430,375 shares; 2025Q1: 943,364 shares; 2025Q2: 671,986 shares; 2025Q3: 812,558 shares; 2025Q4: 904,013 shares 904,013$3.16M1.39%+91,455Timeline
EIGEMPLOYERS HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 69,108 shares 69,108$2.98M1.31%newTimeline
MPAAMOTORCAR PTS AMER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 1,083,105 shares; 2025Q1: 634,649 shares; 2025Q2: 615,852 shares; 2025Q3: 302,954 shares; 2025Q4: 216,408 shares 216,408$2.67M1.17%-86,546Timeline
SCHLSCHOLASTIC CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 467,783 shares; 2025Q1: 370,005 shares; 2025Q2: 361,220 shares; 2025Q3: 166,944 shares; 2025Q4: 61,522 shares 61,522$1.82M0.8%-105,422Timeline
VPGVISHAY PRECISION GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 219,074 shares; 2025Q1: 203,290 shares; 2025Q2: 214,564 shares; 2025Q3: 142,164 shares; 2025Q4: 44,054 shares 44,054$1.7M0.74%-98,110Timeline
MLRMILLER INDS INC TENNQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 40,047 shares 40,047$1.5M0.66%newTimeline

Sold out in Q4 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
HCSGHEALTHCARE SVCS GROUP INC253,363$4.26Mshares

How Q4 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001625279-26-000002 base2026-01-23acceptance time not in the bulk data set