Latest Azarias Capital Management, L.P. Stock Portfolio
Azarias Capital Management, L.P. Performance:
2025 Q4: -2.35%YTD: 20.22%2024: -6.11%
Performance for 2025 Q4 is -2.35%, and YTD is 20.22%, and 2024 is -6.11%.
About Azarias Capital Management, L.P. and 13F Hedge Fund Stock Holdings
In it's latest 13F Holdings report, Azarias Capital Management, L.P. reported an equity portfolio of $228.4 Millions as of 31 Dec, 2025.
The top stock holdings of Azarias Capital Management, L.P. are SPY, URG, EU. The fund has invested 31.8% of it's portfolio in SPDR S&P 500 ETF TR and 8.5% of portfolio in UR-ENERGY INC.
The fund managers got completely rid off HEALTHCARE SVCS GROUP INC (HCSG) stocks. They significantly reduced their stock positions in VISHAY PRECISION GROUP INC (VPG), SCHOLASTIC CORP (SCHL) and ENDEAVOUR SILVER CORP. Azarias Capital Management, L.P. opened new stock positions in EMPLOYERS HLDGS INC (EIG) and MILLER INDS INC TENN (MLR). The fund showed a lot of confidence in some stocks as they added substantially to MANPOWERGROUP INC WIS (MAN), MATRIX SVC CO (MTRX) and INTREPID POTASH INC (IPI).
The top stock holdings of Azarias Capital Management, L.P. are SPY, URG, EU. The fund has invested 31.8% of it's portfolio in SPDR S&P 500 ETF TR and 8.5% of portfolio in UR-ENERGY INC.
The fund managers got completely rid off HEALTHCARE SVCS GROUP INC (HCSG) stocks. They significantly reduced their stock positions in VISHAY PRECISION GROUP INC (VPG), SCHOLASTIC CORP (SCHL) and ENDEAVOUR SILVER CORP. Azarias Capital Management, L.P. opened new stock positions in EMPLOYERS HLDGS INC (EIG) and MILLER INDS INC TENN (MLR). The fund showed a lot of confidence in some stocks as they added substantially to MANPOWERGROUP INC WIS (MAN), MATRIX SVC CO (MTRX) and INTREPID POTASH INC (IPI).
Azarias Capital Management, L.P. Annual Return Estimates Vs S&P 500
Our best estimate is that Azarias Capital Management, L.P. made a return of -2.35% in the last quarter. In trailing 12 months, it's portfolio return was 20.22%.
- Performance
- S&P 500
New Buys
| Ticker | $ Bought |
|---|---|
| employers hldgs inc | 2,983,390 |
| miller inds inc tenn | 1,496,560 |
New stocks bought by Azarias Capital Management, L.P.
Additions
| Ticker | % Inc. |
|---|---|
| manpowergroup inc wis | 40.9 |
| matrix svc co | 15.11 |
| intrepid potash inc | 13.5 |
| unifi inc | 11.26 |
| ur-energy inc | 3.3 |
| encore energy corp | 2.48 |
| trueblue inc | 0.53 |
Additions to existing portfolio by Azarias Capital Management, L.P.
Reductions
| Ticker | % Reduced |
|---|---|
| vishay precision group inc | -69.01 |
| scholastic corp | -63.15 |
| endeavour silver corp | -46.01 |
| kennametal inc | -41.19 |
| energy fuels inc | -29.69 |
| motorcar pts amer inc | -28.57 |
| cohu inc | -16.96 |
| standard mtr prods inc | -15.11 |
Azarias Capital Management, L.P. reduced stake in above stock
Sold off
| Ticker | $ Sold |
|---|---|
| healthcare svcs group inc | -4,264,100 |
Azarias Capital Management, L.P. got rid off the above stocks
Sector Distribution
Azarias Capital Management, L.P. has about 50.1% of it's holdings in Others sector.
- Others
- Energy
- Industrials
- Consumer Cyclical
- Basic Materials
- Technology
- Financial Services
| Sector | % |
|---|---|
| Others | 50.1 |
| Energy | 17.2 |
| Industrials | 12.2 |
| Consumer Cyclical | 8 |
| Basic Materials | 7.2 |
| Technology | 3.2 |
| Financial Services | 1.3 |
Market Cap. Distribution
Azarias Capital Management, L.P. has about 0% of it's portfolio invested in the large-cap and mega-cap stocks.
- UNALLOCATED
- SMALL-CAP
- MICRO-CAP
- MID-CAP
| Category | % |
|---|---|
| UNALLOCATED | 45.6 |
| SMALL-CAP | 30 |
| MICRO-CAP | 17.1 |
| MID-CAP | 7.3 |
Stocks belong to which Index?
About 35.8% of the stocks held by Azarias Capital Management, L.P. either belong to S&P 500 or RUSSELL 2000 index.
- Others
- RUSSELL 2000
| Index | % |
|---|---|
| Others | 64.2 |
| RUSSELL 2000 | 35.8 |
Azarias Capital Management, L.P. Holdings Map
This heatmap illustrates the top 50 positions within the fund's portfolio.
Current Stock Holdings of Azarias Capital Management, L.P.
Azarias Capital Management, L.P. has 25 stocks in it's portfolio. About 70.8% of the portfolio is in top 10 stocks. URG proved to be the most loss making stock for the portfolio. KMT was the most profitable stock for Azarias Capital Management, L.P. last quarter.
Last Reported on: 23 Jan, 2026| Ticker | Namesorted ascending | % Portfolio | Shares Held | $ Value | Type | % Change | Options | |
|---|---|---|---|---|---|---|---|---|
| COHU | cohu inc | 2.42 | 237,207 | 5,519,810 | reduced | -16.96 | ||
| EIG | employers hldgs inc | 1.31 | 69,108 | 2,983,390 | new | |||
| EU | encore energy corp | 4.49 | 4,132,850 | 10,249,500 | added | 2.48 | ||
| GPOR | gulfport energy corp | 3.48 | 38,273 | 7,960,400 | reduced | -14.07 | ||
| HCSG | healthcare svcs group inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| HOFT | hooker furnishings corporati | 2.34 | 473,179 | 5,342,190 | unchanged | 0.00 | ||
| IPI | intrepid potash inc | 3.58 | 294,870 | 8,176,740 | added | 13.5 | ||
| KMT | kennametal inc | 2.66 | 214,288 | 6,087,920 | reduced | -41.19 | ||
| MAN | manpowergroup inc wis | 3.77 | 289,883 | 8,618,220 | added | 40.9 | ||
| MLR | miller inds inc tenn | 0.66 | 40,047 | 1,496,560 | new | |||
| MPAA | motorcar pts amer inc | 1.17 | 216,408 | 2,670,480 | reduced | -28.57 | ||
| MTRX | matrix svc co | 3.74 | 730,767 | 8,549,970 | added | 15.11 | ||
| SCHL | scholastic corp | 0.80 | 61,522 | 1,822,900 | reduced | -63.15 | ||
| SD | sandridge energy inc | 2.59 | 410,574 | 5,924,580 | reduced | -14.77 | ||
| SMP | standard mtr prods inc | 2.45 | 151,941 | 5,599,030 | reduced | -15.11 | ||
| SPY | spdr s&p 500 etf tr | 31.78 | 106,461 | 72,597,900 | unchanged | 0.00 | ||
| TBI | trueblue inc | 1.97 | 988,880 | 4,499,400 | added | 0.53 | ||
| TMST | metallus inc | 3.64 | 484,811 | 8,319,360 | reduced | -14.57 | ||
| UFI | unifi inc | 1.39 | 904,013 | 3,164,050 | added | 11.26 | ||
| URG | ur-energy inc | 8.49 | 13,950,200 | 19,390,700 | added | 3.3 | ||