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Azarias Capital Management, L.P.

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13F filer, CIK 1625279, West Chester, PA

Azarias Capital Management, L.P. reported $223,142,241 across 24 holdings for the quarter ended 2026-03-31, in a 13F-HR filed 2026-04-16. Its ten largest share positions make up 72.34% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001625279-26-000003

Period
2026-03-31
Reported value
$223M
Holdings
24
Top 10 weight
72.34%
New
3
Sold out
4

Largest buys vs the previous quarter

SecurityShares changeApprox. value
SDRLnew+136,645$6.22M
MPAAadded+316,461$3.5M
MLRadded+70,379$3.21M
EIGadded+71,072$2.92M
AVTnew+43,934$2.71M

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
KMTexited-214,288-$6.09M
EXKexited-630,009-$5.92M
COHUreduced-177,648-$5.44M
IPIreduced-121,216-$5.18M
NXEreduced-396,852-$4.6M

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, Q1 2026

Share positions as resolved from 13F-HR 0001625279-26-000003, largest first. % of portfolio is the value over $223,142,241, 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; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: 106,461 shares; 2025Q2: 106,461 shares; 2025Q3: 106,461 shares; 2025Q4: 106,461 shares; 2026Q1: 106,461 shares 106,461$69.2M31.03%0Timeline
URGUR-ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2026Q1: 13,604,304 shares 13,604,304$20.3M9.08%-345,851Timeline
DNNDENISON MINES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2026Q1: 2,922,967 shares 2,922,967$10.3M4.62%0Timeline
MANMANPOWERGROUP INC WISQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 205,731 shares; 2025Q4: 289,883 shares; 2026Q1: 337,613 shares 337,613$9.95M4.46%+47,730Timeline
MTRXMATRIX SVC COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2026Q1: 817,021 shares 817,021$9.38M4.2%+86,254Timeline
EUENCORE ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2026Q1: 5,067,708 shares 5,067,708$9.12M4.09%+934,857Timeline
GPORGULFPORT ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 24,931 shares; 2025Q3: 44,541 shares; 2025Q4: 38,273 shares; 2026Q1: 42,121 shares 42,121$8.91M3.99%+3,848Timeline
MTUSMETALLUS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 663,998 shares; 2025Q1: 519,773 shares; 2025Q2: 593,036 shares; 2025Q3: 567,486 shares; 2025Q4: 484,811 shares; 2026Q1: 543,322 shares 543,322$8.88M3.98%+58,511Timeline
NXENEXGEN ENERGY LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2026Q1: 682,943 shares 682,943$7.92M3.55%-396,852Timeline
IPIINTREPID POTASH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 657,464 shares; 2025Q1: 239,380 shares; 2025Q2: 157,522 shares; 2025Q3: 259,788 shares; 2025Q4: 294,870 shares; 2026Q1: 173,654 shares 173,654$7.43M3.33%-121,216Timeline
UUUUENERGY FUELS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 911,721 shares; 2025Q1: 911,721 shares; 2025Q2: 857,933 shares; 2025Q3: 595,983 shares; 2025Q4: 419,028 shares; 2026Q1: 380,528 shares 380,528$6.94M3.11%-38,500Timeline
SDRLSEADRILL LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 136,645 shares 136,645$6.22M2.79%newTimeline
MPAAMOTORCAR PTS AMER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2026Q1: 532,869 shares 532,869$5.89M2.64%+316,461Timeline
EIGEMPLOYERS HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 69,108 shares; 2026Q1: 140,180 shares 140,180$5.77M2.58%+71,072Timeline
CCJCAMECO CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 118,666 shares; 2025Q1: 111,666 shares; 2025Q2: 96,572 shares; 2025Q3: 87,728 shares; 2025Q4: 87,728 shares; 2026Q1: 50,371 shares 50,371$5.47M2.45%-37,357Timeline
HOFTHOOKER FURNISHINGS CORPORATIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 754,328 shares; 2025Q1: 485,707 shares; 2025Q2: 354,190 shares; 2025Q3: 473,179 shares; 2025Q4: 473,179 shares; 2026Q1: 397,176 shares 397,176$5.12M2.29%-76,003Timeline
SDSANDRIDGE ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: 71,476 shares; 2025Q2: 346,070 shares; 2025Q3: 481,704 shares; 2025Q4: 410,574 shares; 2026Q1: 312,396 shares 312,396$5.1M2.28%-98,178Timeline
MLRMILLER INDS INC TENNQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 40,047 shares; 2026Q1: 110,426 shares 110,426$5.03M2.25%+70,379Timeline
SMPSTANDARD MTR PRODS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 362,642 shares; 2025Q1: 266,053 shares; 2025Q2: 257,726 shares; 2025Q3: 178,995 shares; 2025Q4: 151,941 shares; 2026Q1: 127,206 shares 127,206$4.42M1.98%-24,735Timeline
TBITRUEBLUE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2026Q1: 1,001,950 shares 1,001,950$3.92M1.76%+13,070Timeline
UFIUNIFI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2026Q1: 875,137 shares 875,137$3.12M1.4%-28,876Timeline
AVTAVNET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 43,934 shares 43,934$2.71M1.21%newTimeline
COHUCOHU INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: 69,379 shares; 2025Q2: 235,811 shares; 2025Q3: 285,648 shares; 2025Q4: 237,207 shares; 2026Q1: 59,559 shares 59,559$1.82M0.82%-177,648Timeline
AGXARGAN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 378 shares 378$206K0.09%newTimeline

Sold out in Q1 2026

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

SecurityShares beforeValue beforeType
KMTKENNAMETAL INC214,288$6.09Mshares
EXKENDEAVOUR SILVER CORP630,009$5.92Mshares
SCHLSCHOLASTIC CORP61,522$1.82Mshares
VPGVISHAY PRECISION GROUP INC44,054$1.7Mshares

How Q1 2026 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 0001625279-26-000003 base2026-04-16acceptance time not in the bulk data set