2026 Q1 Portfolio Activity
In 2026 Q1, Azarias Capital Management, L.P. maintained a portfolio of 28 distinct positions. The most significant new addition was SEADRILL LTD, now representing 2.79% of the total fund value. They heavily accumulated shares in MILLER INDS INC TENN, increasing the position by 175.7%. Conversely, Azarias Capital Management, L.P. completely exited their position in KENNAMETAL INC.
Position History
hover any row below to update
Loading…
Total Positions
28
Quarter
2026 Q1
Top Holding
SPY (31.0%)
Top 10 Concentration
72.3%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-28 of 28
Azarias Capital Management, L.P. Full Holdings List — 2026 Q1
| 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
STATE STR SPDR ...
|
ETF | 31.03% | 31.78% |
#1
Prev: #1
|
7.0 |
—
|
no change | no change |
P
S
|
106,461 | $69,235,847 |
$553.05
+34.8%
|
2025 Q1 | 13F Filing | 2026-03-31 | 2026-04-16 | ||
|
URG
UR-ENERGY INC
|
Energy | 9.08% | 8.49% |
#2
Prev: #2
|
5.6 |
—
|
-345,851 | -2.5% |
P
S
|
13,604,304 | $20,270,413 | 2021 Q4 | 13F Filing | 2026-03-31 | 2026-04-16 | |||
|
DNN
DENISON MINES C...
|
Energy | 4.62% | 3.40% |
#3
8
Prev: #11
|
3.8 |
—
|
no change | no change |
P
S
|
2,922,967 | $10,318,074 | 2021 Q4 | 13F Filing | 2026-03-31 | 2026-04-16 | |||
|
MAN
MANPOWERGROUP I...
|
Industrials | 4.46% | 3.77% |
#4
1
Prev: #5
|
4.3 |
—
|
47,730 | 16.5% |
P
S
|
337,613 | $9,946,079 | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-04-16 | |||
|
MTRX
MATRIX SVC CO
|
Industrials | 4.20% | 3.74% |
#5
1
Prev: #6
|
4.2 |
—
|
86,254 | 11.8% |
P
S
|
817,021 | $9,379,401 | 2021 Q4 | 13F Filing | 2026-03-31 | 2026-04-16 | |||
|
EU
ENCORE ENERGY C...
|
Energy | 4.09% | 4.49% |
#6
3
Prev: #3
|
4.1 |
—
|
934,857 | 22.6% |
P
S
|
5,067,708 | $9,121,874 | 2023 Q1 | 13F Filing | 2026-03-31 | 2026-04-16 | |||
|
GPOR
GULFPORT ENERGY...
|
Energy | 3.99% | 3.48% |
#7
3
Prev: #10
|
3.6 |
—
|
3,848 | 10.1% |
P
S
|
42,121 | $8,911,540 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-04-16 | |||
|
MTUS
METALLUS INC
|
Basic Materials | 3.98% | 3.64% |
#8
1
Prev: #7
|
3.6 |
—
|
58,511 | 12.1% |
P
S
|
543,322 | $8,877,881 | 2024 Q4 | 13F Filing | 2026-03-31 | 2026-04-16 | |||
|
NXE
NEXGEN ENERGY L...
|
Energy | 3.55% | 4.35% |
#9
5
Prev: #4
|
1.4 |
—
|
-396,852 | -36.8% |
P
S
|
682,943 | $7,922,139 | 2021 Q4 | 13F Filing | 2026-03-31 | 2026-04-16 | |||
|
IPI
INTREPID POTASH...
|
Basic Materials | 3.33% | 3.58% |
#10
2
Prev: #8
|
1.3 |
—
|
-121,216 | -41.1% |
P
S
|
173,654 | $7,427,182 | 2023 Q2 | 13F Filing | 2026-03-31 | 2026-04-16 | |||
|
UUUU
ENERGY FUELS IN...
|
Energy | 3.11% | 2.67% |
#11
1
Prev: #12
|
1.7 |
—
|
-38,500 | -9.2% |
P
S
|
380,528 | $6,944,636 | 2021 Q4 | 13F Filing | 2026-03-31 | 2026-04-16 | |||
|
SDRL
SEADRILL LTD
|
Energy | 2.79% | — |
#12
Prev: #—
|
4.6 |
—
|
136,645 | — |
NEW
|
136,645 | $6,217,348 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-04-16 | |||
|
MPAA
MOTORCAR PTS AM...
|
Consumer Cyclical | 2.64% | 1.17% |
#13
9
Prev: #22
|
4.1 |
—
|
316,461 | 146.2% |
P
S
|
532,869 | $5,893,531 | 2021 Q4 | 13F Filing | 2026-03-31 | 2026-04-16 | |||
|
EIG
EMPLOYERS HLDGS...
|
Financial Services | 2.58% | 1.31% |
#14
7
Prev: #21
|
4.0 |
—
|
71,072 | 102.8% |
P
S
|
140,180 | $5,767,005 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-04-16 | |||
|
CCJ
CAMECO CORP
|
Energy | 2.45% | 3.51% |
#15
6
Prev: #9
|
1.0 |
—
|
-37,357 | -42.6% |
P
S
|
50,371 | $5,470,794 | 2021 Q4 | 13F Filing | 2026-03-31 | 2026-04-16 | |||
|
HOFT
HOOKER FURNISHI...
|
Consumer Cyclical | 2.29% | 2.34% |
#16
2
Prev: #18
|
1.4 |
—
|
-76,003 | -16.1% |
P
S
|
397,176 | $5,115,627 | 2021 Q4 | 13F Filing | 2026-03-31 | 2026-04-16 | |||
|
SD
SANDRIDGE ENERG...
|
Energy | 2.28% | 2.59% |
#17
3
Prev: #14
|
0.9 |
—
|
-98,178 | -23.9% |
P
S
|
312,396 | $5,095,179 | 2025 Q1 | 13F Filing | 2026-03-31 | 2026-04-16 | |||
|
MLR
MILLER INDS INC...
|
Consumer Cyclical | 2.25% | 0.66% |
#18
7
Prev: #25
|
3.9 |
—
|
70,379 | 175.7% |
P
S
|
110,426 | $5,029,904 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-04-16 | |||
|
SMP
STANDARD MTR PR...
|
Consumer Cyclical | 1.98% | 2.45% |
#19
3
Prev: #16
|
1.3 |
—
|
-24,735 | -16.3% |
P
S
|
127,206 | $4,419,136 | 2024 Q2 | 13F Filing | 2026-03-31 | 2026-04-16 | |||
|
TBI
TRUEBLUE INC
|
Industrials | 1.76% | 1.97% |
#20
1
Prev: #19
|
1.2 |
—
|
13,070 | 1.3% |
P
S
|
1,001,950 | $3,917,624 | 2023 Q4 | 13F Filing | 2026-03-31 | 2026-04-16 | |||
|
UFI
UNIFI INC
|
Consumer Cyclical | 1.40% | 1.39% |
#21
1
Prev: #20
|
1.1 |
—
|
-28,876 | -3.2% |
P
S
|
875,137 | $3,124,239 | 2021 Q4 | 13F Filing | 2026-03-31 | 2026-04-16 | |||
|
AVT
AVNET INC
|
Technology | 1.21% | — |
#22
Prev: #—
|
4.0 |
—
|
43,934 | — |
NEW
|
43,934 | $2,707,213 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-04-16 | |||
|
COHU
COHU INC
|
Technology | 0.82% | 2.42% |
#23
6
Prev: #17
|
0.3 |
—
|
-177,648 | -74.9% |
P
S
|
59,559 | $1,823,697 | 2025 Q1 | 13F Filing | 2026-03-31 | 2026-04-16 | |||
|
AGX
ARGAN INC
|
Industrials | 0.09% | — |
#24
Prev: #—
|
3.5 |
—
|
378 | — |
NEW
|
378 | $205,878 | 2021 Q4 | 13F Filing | 2026-03-31 | 2026-04-16 | |||
|
VPG
VISHAY PRECISIO...
|
Technology | 0.00% | 0.74% |
Sold All 😨
(Was: #24) |
0.0 |
—
|
-44,054 | -100.0% |
CLOSED
|
— | $— | 2024 Q4 | 13F Filing | 2026-03-31 | 2026-04-16 | |||
|
SCHL
SCHOLASTIC CORP
|
Communication Services | 0.00% | 0.80% |
Sold All 😨
(Was: #23) |
0.0 |
—
|
-61,522 | -100.0% |
CLOSED
|
— | $— | 2021 Q4 | 13F Filing | 2026-03-31 | 2026-04-16 | |||
|
EXK
ENDEAVOUR SILVE...
|
Basic Materials | 0.00% | 2.59% |
Sold All 😨
(Was: #15) |
0.0 |
—
|
-630,009 | -100.0% |
CLOSED
|
— | $— | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-04-16 | |||
|
KMT
KENNAMETAL INC
|
Industrials | 0.00% | 2.67% |
Sold All 😨
(Was: #13) |
0.0 |
—
|
-214,288 | -100.0% |
CLOSED
|
— | $— | 2024 Q1 | 13F Filing | 2026-03-31 | 2026-04-16 |
Showing 1-28 of 28 holdings