Latest Azarias Capital Management, L.P. Stock Portfolio

$229Million | No. of Holdings #23

Azarias Capital Management, L.P. Performance

2026 Q2+4.08%

YTD+7.02%

2025+20.22%

About Azarias Capital Management, L.P. and 13F Hedge Fund Stock Holdings

On 2026-07-13, the fund reported it's updated stock portfolio. In the 13F Holdings report, Azarias Capital Management, L.P. reported an equity portfolio of $229.8 Millions as of 30 Jun, 2026. <br><br> The top stock holdings of Azarias Capital Management, L.P. are SPY, URG, DNN. The fund has invested 34.6% of it's portfolio in STATE STR SPDR S&P 500 ETF T and 7.8% of portfolio in UR-ENERGY INC. <br><br> The fund managers got completely rid off AVNET INC (AVT) and COHU INC (COHU) stocks. They significantly reduced their stock positions in UNIFI INC (UFI), TRUEBLUE INC (TBI) and METALLUS INC (TMST). Azarias Capital Management, L.P. opened new stock positions in MOLINA HEALTHCARE INC (MOH). The fund showed a lot of confidence in some stocks as they added substantially to SEADRILL LTD, DENISON MINES CORP (DNN) and GULFPORT ENERGY CORP (GPOR).

Azarias Capital Management, L.P. Equity Portfolio Value

Last Reported on: 13 Jul, 2026

$229Million

as of Jul 13, 2026

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 4.08% in the last quarter. In trailing 12 months, it's portfolio return was 21.79%.

Performance
S&P 500

New Buys

Ticker	$ Bought
molina healthcare inc	6,996,620

New stocks bought by Azarias Capital Management, L.P.

Additions

Ticker	% Inc.
seadrill ltd	54.64
denison mines corp	45.02
gulfport energy corp	10.25
sandridge energy inc	2.93
intrepid potash inc	2.66

Additions to existing portfolio by Azarias Capital Management, L.P.

Reductions

Ticker	% Reduced
unifi inc	-47.81
trueblue inc	-24.21
metallus inc	-22.79
manpowergroup inc wis	-21.17
encore energy corp	-19.26
matrix svc co	-17.54
hooker furnishings corporati	-15.29
motorcar pts amer inc	-13.99

Azarias Capital Management, L.P. reduced stake in above stock

Sold off

Ticker	$ Sold
cohu inc	-1,823,700
avnet inc	-2,707,210

Azarias Capital Management, L.P. got rid off the above stocks

Sector Distribution

Azarias Capital Management, L.P. has about 51.1% of it's holdings in Others sector.

Others
Energy
Consumer Cyclical
Industrials
Basic Materials
Healthcare
Financial Services

Sector	%
Others	51.1
Energy	15.6
Consumer Cyclical	11.1
Industrials	10.4
Basic Materials	6
Healthcare	3
Financial Services	2.9

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
MID-CAP
MICRO-CAP

Category	%
UNALLOCATED	48.7
SMALL-CAP	33.3
MID-CAP	9
MICRO-CAP	8.9

Stocks belong to which Index?

About 31.5% of the stocks held by Azarias Capital Management, L.P. either belong to S&P 500 or RUSSELL 2000 index.

Others
RUSSELL 2000
S&P 500

Index	%
Others	68.5
RUSSELL 2000	28.5
S&P 500	3

Top 5 Winners (%)		%
TBI	trueblue inc	68.8 %
AGX	argan inc	46.6 %
MPAA	motorcar pts amer inc	35.8 %
HOFT	hooker furnishings corporati	35.5 %
UFI	unifi inc	25.1 %

Top 5 Winners ($)		$
SPY	state str spdr s&p 500 etf t	10.3 M
TBI	trueblue inc	2.7 M
MPAA	motorcar pts amer inc	2.1 M
HOFT	hooker furnishings corporati	1.8 M
MTRX	matrix svc co	1.7 M

Top 5 Losers (%)		%
EU	encore energy corp	-24.6 %
IPI	intrepid potash inc	-23.1 %
UUUU	energy fuels inc	-20.6 %
GPOR	gulfport energy corp	-19.1 %
NXE	nexgen energy ltd	-19.1 %

Top 5 Losers ($)		$
EU	encore energy corp	-2.2 M
GPOR	gulfport energy corp	-1.9 M
IPI	intrepid potash inc	-1.8 M
URG	ur-energy inc	-1.7 M
DNN	denison mines corp	-1.7 M

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 23 stocks in it's portfolio. About 72.4% of the portfolio is in top 10 stocks. EU proved to be the most loss making stock for the portfolio. SPY was the most profitable stock for Azarias Capital Management, L.P. last quarter.

$229.82MTotal Value

25.00Positions

13 Jul, 2026Last Reported

Current holdings of Current Stock Holdings of Azarias Capital Management, L.P., last reported on 13 Jul, 2026. Select a row with a linked ticker to view its historical trend.
Holdingsorted ascending	% Portfolio	Shares Held	$ Value	% Change
AGX Argan Inc Argan IncAGX Azarias Capital Management, L.P.'s holding in Argan Inc over time	0.13%	378	$301.9K 0.13%	unchanged 0 percentunchanged

AVT Avnet Inc Avnet IncAVT Azarias Capital Management, L.P.'s holding in Avnet Inc over time	0%	0.00	$0.00 0%	decreased 100 percentsold off

CCJ Cameco Corp Cameco Corp CCJ Azarias Capital Management, L.P.'s holding in Cameco Corp over time	2.23%	50,371	$5.13M 2.23%	unchanged 0 percentunchanged

COHU Cohu Inc Cohu IncCOHU Azarias Capital Management, L.P.'s holding in Cohu Inc over time	0%	0.00	$0.00 0%	decreased 100 percentsold off

DNN Denison Mines Corp Denison Mines Corp DNN Azarias Capital Management, L.P.'s holding in Denison Mines Corp over time	5.64%	4,238,740	$12.97M 5.64%	increased 45.02 percentadded

EIG Employers Hldgs Inc Employers Hldgs IncEIG Azarias Capital Management, L.P.'s holding in Employers Hldgs Inc over time	2.9%	132,159	$6.67M 2.9%	decreased 5.72 percentreduced

EU Encore Energy Corp Encore Energy CorpEU Azarias Capital Management, L.P.'s holding in Encore Energy Corp over time	2.33%	4,091,890	$5.36M 2.33%	decreased 19.26 percentreduced

GPOR Gulfport Energy Corp Gulfport Energy CorpGPOR Azarias Capital Management, L.P.'s holding in Gulfport Energy Corp over time	3.43%	46,439	$7.88M 3.43%	increased 10.25 percentadded

HOFT Hooker Furnishings Corporati Hooker Furnishings CorporatiHOFT Azarias Capital Management, L.P.'s holding in Hooker Furnishings Corporati over time	2.61%	336,453	$6.00M 2.61%	decreased 15.29 percentreduced

IPI Intrepid Potash Inc Intrepid Potash IncIPI Azarias Capital Management, L.P.'s holding in Intrepid Potash Inc over time	2.54%	178,281	$5.84M 2.54%	increased 2.66 percentadded

MAN Manpowergroup Inc Wis Manpowergroup Inc WisMAN Azarias Capital Management, L.P.'s holding in Manpowergroup Inc Wis over time	3.91%	266,146	$8.99M 3.91%	decreased 21.17 percentreduced

MLR Miller Inds Inc Tenn Miller Inds Inc TennMLR Azarias Capital Management, L.P.'s holding in Miller Inds Inc Tenn over time	2.45%	109,926	$5.62M 2.45%	decreased 0.45 percentreduced

MOH Molina Healthcare Inc Molina Healthcare IncMOH Azarias Capital Management, L.P.'s holding in Molina Healthcare Inc over time	3.04%	30,593	$7.00M 3.04%	new position

MPAA Motorcar Pts Amer Inc Motorcar Pts Amer IncMPAA Azarias Capital Management, L.P.'s holding in Motorcar Pts Amer Inc over time	3.06%	458,325	$7.02M 3.06%	decreased 13.99 percentreduced

MTRX Matrix Svc Co Matrix Svc CoMTRX Azarias Capital Management, L.P.'s holding in Matrix Svc Co over time	4.02%	673,692	$9.23M 4.02%	decreased 17.54 percentreduced

NXE Nexgen Energy Ltd Nexgen Energy Ltd NXE Azarias Capital Management, L.P.'s holding in Nexgen Energy Ltd over time	2.79%	682,943	$6.41M 2.79%	unchanged 0 percentunchanged

SD Sandridge Energy Inc Sandridge Energy IncSD Azarias Capital Management, L.P.'s holding in Sandridge Energy Inc over time	1.92%	321,558	$4.41M 1.92%	increased 2.93 percentadded

SMP Standard Mtr Prods Inc Standard Mtr Prods IncSMP Azarias Capital Management, L.P.'s holding in Standard Mtr Prods Inc over time	2.05%	121,073	$4.72M 2.05%	decreased 4.82 percentreduced

SPY State Str Spdr S&P 500 Etf T State Str Spdr S&P 500 Etf T SPY Azarias Capital Management, L.P.'s holding in State Str Spdr S&P 500 Etf T over time	34.59%	106,461	$79.50M 34.59%	unchanged 0 percentunchanged

TBI Trueblue Inc Trueblue IncTBI Azarias Capital Management, L.P.'s holding in Trueblue Inc over time	2.3%	759,341	$5.29M 2.3%	decreased 24.21 percentreduced