AI Portfolio Summary
In 2025 Q4, Azarias Capital Management, L.P. maintained a portfolio of 26 distinct positions. The most significant new addition to the portfolio was EMPLOYERS HLDGS INC, which now represents 1.31% of the total fund value. They heavily accumulated shares in UR-ENERGY INC, increasing their position by 3.3%. Conversely, Azarias Capital Management, L.P. completely exited their position in HEALTHCARE SVCS GROU.
Total Positions
26
Quarter
2025 Q4
Top Holding
SPY (31.8%)
Top 10 Concentration
70.8%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 26
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
SPY
SPDR S&P 500 ET...
|
ETF | 31.78% | 28.09% |
#1
Prev: #1
|
7.0 | no change | no change |
P
S
|
106,461 | $72,597,885 | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
URG
UR-ENERGY INC
|
Energy | 8.49% | 9.57% |
#2
Prev: #2
|
5.4 | 445,857 | 3.3% |
P
S
|
13,950,155 | $19,390,715 | 2021 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
EU
ENCORE ENERGY C...
|
Energy | 4.49% | 5.13% |
#3
Prev: #3
|
3.3 | 99,912 | 2.5% |
P
S
|
4,132,851 | $10,249,470 | 2023 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NXE
NEXGEN ENERGY L...
|
Energy | 4.35% | 3.96% |
#4
Prev: #4
|
2.7 | -37,214 | -3.3% |
P
S
|
1,079,795 | $9,934,114 | 2021 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MAN
MANPOWERGROUP I...
|
Industrials | 3.77% | 3.09% |
#5
7
Prev: #12
|
4.5 | 84,152 | 40.9% |
P
S
|
289,883 | $8,618,222 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MTRX
MATRIX SVC CO
|
Industrials | 3.74% | 3.29% |
#6
2
Prev: #8
|
3.5 | 95,924 | 15.1% |
P
S
|
730,767 | $8,549,974 | 2021 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MTUS
METALLUS INC
|
Basic Materials | 3.64% | 3.72% |
#7
2
Prev: #5
|
2.0 | -82,675 | -14.6% |
P
S
|
484,811 | $8,319,357 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
IPI
INTREPID POTASH...
|
Basic Materials | 3.58% | 3.15% |
#8
3
Prev: #11
|
3.4 | 35,082 | 13.5% |
P
S
|
294,870 | $8,176,745 | 2023 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CCJ
CAMECO CORP
|
Energy | 3.51% | 2.91% |
#9
5
Prev: #14
|
2.4 | no change | no change |
P
S
|
87,728 | $8,026,235 | 2021 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GPOR
GULFPORT ENERGY...
|
Energy | 3.48% | 3.19% |
#10
1
Prev: #9
|
1.9 | -6,268 | -14.1% |
P
S
|
38,273 | $7,960,401 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DNN
DENISON MINES C...
|
Energy | 3.40% | 3.18% |
#11
1
Prev: #10
|
2.4 | no change | no change |
P
S
|
2,922,967 | $7,775,092 | 2021 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
UUUU
ENERGY FUELS IN...
|
Energy | 2.67% | 3.62% |
#12
5
Prev: #7
|
1.1 | -176,955 | -29.7% |
P
S
|
419,028 | $6,092,667 | 2021 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
KMT
KENNAMETAL INC
|
Industrials | 2.67% | 3.02% |
#13
Prev: #13
|
1.1 | -150,069 | -41.2% |
P
S
|
214,288 | $6,087,922 | 2024 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SD
SANDRIDGE ENERG...
|
Energy | 2.59% | 2.15% |
#14
4
Prev: #18
|
1.5 | -71,130 | -14.8% |
P
S
|
410,574 | $5,924,583 | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
EXK
ENDEAVOUR SILVE...
|
Basic Materials | 2.59% | 3.62% |
#15
9
Prev: #6
|
1.0 | -536,928 | -46.0% |
P
S
|
630,009 | $5,922,085 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SMP
STANDARD MTR PR...
|
Consumer Cyclical | 2.45% | 2.89% |
#16
1
Prev: #15
|
1.5 | -27,054 | -15.1% |
P
S
|
151,941 | $5,599,026 | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
COHU
COHU INC
|
Technology | 2.42% | 2.30% |
#17
Prev: #17
|
1.5 | -48,441 | -17.0% |
P
S
|
237,207 | $5,519,807 | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HOFT
HOOKER FURNISHI...
|
Consumer Cyclical | 2.34% | 1.90% |
#18
2
Prev: #20
|
1.9 | no change | no change |
P
S
|
473,179 | $5,342,191 | 2021 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TBI
TRUEBLUE INC
|
Industrials | 1.97% | 2.39% |
#19
3
Prev: #16
|
1.3 | 5,169 | 0.5% |
P
S
|
988,880 | $4,499,404 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
UFI
UNIFI INC
|
Consumer Cyclical | 1.39% | 1.53% |
#20
4
Prev: #24
|
2.6 | 91,455 | 11.3% |
P
S
|
904,013 | $3,164,046 | 2021 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
EIG
EMPLOYERS HLDGS...
|
Financial Services | 1.31% | — |
#21
Prev: #—
|
4.0 | 69,108 | no change |
NEW
|
69,108 | $2,983,392 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MPAA
MOTORCAR PTS AM...
|
Consumer Cyclical | 1.17% | 1.98% |
#22
3
Prev: #19
|
0.5 | -86,546 | -28.6% |
P
S
|
216,408 | $2,670,475 | 2021 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SCHL
SCHOLASTIC CORP
|
Communication Services | 0.80% | 1.81% |
#23
2
Prev: #21
|
0.3 | -105,422 | -63.1% |
P
S
|
61,522 | $1,822,897 | 2021 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
VPG
VISHAY PRECISIO...
|
Technology | 0.74% | 1.80% |
#24
2
Prev: #22
|
0.3 | -98,110 | -69.0% |
P
S
|
44,054 | $1,696,079 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MLR
MILLER INDS INC...
|
Consumer Cyclical | 0.66% | — |
#25
Prev: #—
|
3.8 | 40,047 | no change |
NEW
|
40,047 | $1,496,556 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HCSG
HEALTHCARE SVCS...
|
Healthcare | 0.00% | 1.69% |
Sold All 😨
(Was: #23) |
0.0 | -253,363 | -100.0% |
CLOSED
|
— | $— | 2021 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) |
Showing 1-25 of 26 holdings