Latest Azarias Capital Management, L.P. Stock Portfolio

$222Million– No. of Holdings #21

Azarias Capital Management, L.P. Performance:

2024 Q2: -7.9%YTD: -5.45%2023: 9.99%

Performance for 2024 Q2 is -7.9%, and YTD is -5.45%, and 2023 is 9.99%.

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 $222.4 Millions as of 30 Jun, 2024.

The top stock holdings of Azarias Capital Management, L.P. are URG, EU, IPI. The fund has invested 10.3% of it's portfolio in UR-ENERGY INC and 9.3% of portfolio in ENCORE ENERGY CORP.

The fund managers got completely rid off ISHARES TR (AGG), EZCORP INC (EZPW) and HAMILTON BEACH BRANDS HLDG C (HBB) stocks. They significantly reduced their stock positions in ARGAN INC (AGX), CAMECO CORP (CCJ) and FOSTER L B CO (FSTR). Azarias Capital Management, L.P. opened new stock positions in STANDARD MTR PRODS INC (SMP) and RICHARDSON ELECTRS LTD (RELL). The fund showed a lot of confidence in some stocks as they added substantially to HEALTHCARE SVCS GROUP INC (HCSG), TRUEBLUE INC (TBI) and KENNAMETAL INC (KMT).

Azarias Capital Management, L.P. Equity Portfolio Value

Last Reported on: 26 Jul, 2024

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 -7.9% in the last quarter. In trailing 12 months, it's portfolio return was 6.51%.

New Buys

Ticker	$ Bought
standard mtr prods inc	11,196,500
richardson electrs ltd	3,564,800

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

Additions

Ticker	% Inc.
healthcare svcs group inc	50.7
trueblue inc	40.75
kennametal inc	34.92
scholastic corp	32.65
matrix svc co	28.46
encore energy corp	28.11
hooker furnishings corporati	23.84
denison mines corp	17.05

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

Reductions

Ticker	% Reduced
argan inc	-72.21
cameco corp	-25.04
foster l b co	-24.01
mag silver corp	-14.79
nexgen energy ltd	-4.7
stewart information svcs cor	-3.95
intrepid potash inc	-2.24
unifi inc	-0.03

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

Sold off

Ticker	$ Sold
ezcorp inc	-6,029,500
hamilton beach brands hldg c	-2,158,560
ishares tr	-10,019,800
ishares tr	-5,569,380

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

Sector Distribution

Azarias Capital Management, L.P. has about 29.1% of it's holdings in Others sector.

Sector	%
Others	29.1
Industrials	17.8
Consumer Cyclical	16.1
Energy	12.7
Basic Materials	7
Healthcare	5.8
Financial Services	5.7
Communication Services	4.2
Technology	1.6

Market Cap. Distribution

Azarias Capital Management, L.P. has about 0% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
SMALL-CAP	64.7
UNALLOCATED	19.9
MICRO-CAP	12.7
MID-CAP	2.7

Stocks belong to which Index?

About 55.1% of the stocks held by Azarias Capital Management, L.P. either belong to S&P 500 or RUSSELL 2000 index.

Index	%
RUSSELL 2000	55.1
Others	44.9

Top 5 Winners (%)		%
AGX	argan inc	34.9 %
IPI	intrepid potash inc	12.3 %
RELL	richardson electrs ltd	11.8 %

Top 5 Winners ($)		$
AGX	argan inc	3.0 M
IPI	intrepid potash inc	1.7 M
RELL	richardson electrs ltd	0.4 M

Top 5 Losers (%)		%
HOFT	hooker furnishings corporati	-36.3 %
MPAA	motorcar pts amer inc	-23.1 %
MTRX	matrix svc co	-21.4 %
FSTR	foster l b co	-18.1 %
TBI	trueblue inc	-14.3 %

Top 5 Losers ($)		$
HOFT	hooker furnishings corporati	-5.2 M
URG	ur-energy inc	-3.5 M
MTRX	matrix svc co	-3.4 M
EU	encore energy corp	-2.5 M
MPAA	motorcar pts amer inc	-2.3 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 21 stocks in it's portfolio. About 67% of the portfolio is in top 10 stocks. HOFT proved to be the most loss making stock for the portfolio. AGX was the most profitable stock for Azarias Capital Management, L.P. last quarter.

Last Reported on: 26 Jul, 2024

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AGG	ishares tr	0.00	0.00	0.00	sold off	-100

AGG	ishares tr	0.00	0.00	0.00	sold off	-100

AGX	argan inc	1.54	46,890	3,430,470	reduced	-72.21

CCJ	cameco corp	4.35	196,494	9,667,500	reduced	-25.04

DNN	denison mines corp	3.05	3,406,590	6,779,110	added	17.05

EU	encore energy corp	9.26	4,814,980	20,589,900	added	28.11

EZPW	ezcorp inc	0.00	0.00	0.00	sold off	-100

FSTR	foster l b co	2.00	207,166	4,458,210	reduced	-24.01

HBB	hamilton beach brands hldg c	0.00	0.00	0.00	sold off	-100

HCSG	healthcare svcs group inc	5.84	1,226,770	12,979,300	added	50.7

HOFT	hooker furnishings corporati	4.07	624,415	9,041,530	added	23.84

IPI	intrepid potash inc	6.98	662,547	15,523,500	reduced	-2.24

KMT	kennametal inc	2.75	259,399	6,106,250	added	34.92

MAG	mag silver corp	6.28	1,197,260	13,972,000	reduced	-14.79

MPAA	motorcar pts amer inc	3.39	1,223,380	7,548,260	added	0.81

MTRX	matrix svc co	5.68	1,273,190	12,642,800	added	28.46

NXE	nexgen energy ltd	6.21	1,979,930	13,819,900	reduced	-4.7

RELL	richardson electrs ltd	1.60	299,815	3,564,800	new

SCHL	scholastic corp	4.22	264,565	9,384,120	added	32.65

SMP	standard mtr prods inc	5.03	403,769	11,196,500	new